Franklin Templeton Limited Duration Income Trust Reports Asset Allocation

| Source: Franklin Templeton Franklin Templeton

SAN MATEO, CA--(Marketwire - Jun 30, 2011) - Franklin Templeton Limited Duration Income Trust (NYSE Amex: FTF), a closed-end investment company managed by Franklin Advisers, Inc., today reported its portfolio composition, certain portfolio characteristics and NYSE Amex closing price as of May 31, 2011.

Franklin Advisers, Inc., is a wholly owned subsidiary of Franklin Resources, Inc. (NYSE: BEN), a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series, Fiduciary Trust, Darby and Bissett investment teams. The San Mateo, CA-based company has more than 60 years of investment experience and over $735 billion in assets under management as of May 31, 2011. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST ASSET ALLOCATION at MAY 31, 2011

SECTOR ALLOCATION		 MARKET
VALUE (Millions)		 PERCENTAGE
OF FUND 1
High Yield Corporate Bonds & Preferred 192.4 34.4%
Floating Rate Loans 192.0 34.3%
Mortgage-Backed Securities 122.7 21.9%
Other Asset-Backed Securities 2 27.9 5.0%
International Government Bonds (US$ and non-US$) 9.8 1.8%
Common Stock and Warrants 0.1 0.0%
Cash & Other Net Assets 3 14.9 2.7%
Total Assets 4 $559.8 100.0%

TOP 10 INDUSTRIES 5		 MARKET
VALUE (Millions)		 PERCENTAGE
OF FUND 1
Energy 34.0 6.1%
Healthcare Services 33.3 5.9%
Consumer Products 25.0 4.5%
Info/Technology 24.9 4.4%
Automotive 23.3 4.2%
Financial Services 22.8 4.1%
Chemicals 22.5 4.0%
Pay TV 21.7 3.9%
Gaming/Leisure 21.5 3.8%
Media 20.0 3.6%
Total 4 $249.0 44.5%

10 LARGEST HOLDINGS BY ISSUER		 MARKET
VALUE (Millions)		 PERCENTAGE
OF FUND 1
Fannie Mae 74.0 13.2%
Freddie Mac 46.9 8.4%
Harrahs Operating Escrow 7.4 1.3%
Reynolds Group 6.9 1.2%
Intelsat Jackson Holdings 6.5 1.2%
Visant Corp. 6.1 1.1%
Bank of America Corp. 6.1 1.1%
UPCB Finance 5.4 1.0%
Wachovia Bank Commerical 5.4 1.0%
Calpine Corp. 4.9 0.9%
Total 4 $169.6 30.3%
Number of positions 377
NAV per share $ 14.11
Market price per share $ 14.14
Number of shares outstanding 26,773,772
Total net assets $ 378,225,516
Weighted average duration (including leverage) 6 3 years
Fund leverage percentage 7 33%
1 Percentage of total investments of the Fund. Total investments of the Fund include long-term and short-term investments and other net assets.
Does not include last day portfolio and shareholder trades.
2 May include collateralized loan obligations ("CLOs").
3 Includes currency forward contracts and investments in the LCDX index.
4 Total figures may not represent exact sum of items as a result of rounding.
5 Top 10 industries for corporate bonds and floating rate loans.
6 Duration calculated using internal methodologies. Rounded to the nearest year.
7 Preferred shares issued by the Fund and mortgage dollar rolls used for leverage divided by total assets of the Fund.

Contact Information:

Contact:
Franklin Templeton Investments
Shareholders/Financial Advisors: (800) 342-5236

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