no, you need to check the tab for video , you will find theres a limiter there that will alow you to set the fps which fraps records at.
open fraps, open the movie tab and down the left you will see F9 dissable. under that are the video capture settings set it to 60fps, 50, or 30 under that there is a variable bok where you can set the fps yopu want. just use the check blot at the sides of the number to select which 1 you want to use. on the right you will see another checkbox lower down to the right. uncheck lock framerate if you just want to record what ever fps you want or hope you can get.