Franklin Templeton Limited Duration Income Trust Reports

SAN MATEO, CA--(Marketwire - October 2, 2009) - 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 August 31, 2009.

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 $495 billion in assets under management as of August 31, 2009. For more information, please call 1-800/DIAL BEN^®or visit franklintempleton.com.

	FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST ASSET ALLOCATION
	at August 31, 2009

	SECTOR ALLOCATION			MARKET VALUE (Millions)				PERCENTAGE OF FUND ¹

	High Yield Corporate Bonds & Preferred				169.4			34.5	%
	Floating Rate Loans				164.4			33.5	%
	Mortgage-Backed Securities				91.6			18.7	%
	Other Asset-Backed Securities ²				27.5			5.6	%
	Government Agency				0.0			0.0	%
	International Government Bonds (US$ and non-US$)				10.5			2.1	%
	Investment Grade Corporate Bonds & Preferred				27.1			5.5	%
	Cash & Other Net Assets				0.0			0.0	%

	Total Assets ³			$	490.4			100.0	%


	TOP 10 INDUSTRIES ⁴			MARKET VALUE (Millions)				PERCENTAGE OF FUND ¹

	Healthcare Services				43.2			8.8	%
	Energy				26.0			5.3	%
	Utilities				25.0			5.1	%
	Financial Services				23.5			4.8	%
	Pay TV				23.0			4.7	%
	Industrials				22.9			4.7	%
	Chemicals				22.1			4.5	%
	Info/Technology				20.7			4.2	%
	Media				20.0			4.1	%
	Gaming/Leisure				17.6			3.6	%

	Total ³			$	244.0			49.8	%


	10 LARGEST HOLDINGS BY ISSUER			MARKET VALUE (Millions)				PERCENTAGE OF FUND ¹

	Freddie Mac				44.3			9.0	%
	Fannie Mae				38.8			7.9	%
	Govt National Mtg Assn.				8.7			1.8	%
	HCA Inc.				6.7			1.4	%
	Intelsat Corp.				6.5			1.3	%
	Aramark Corp.				6.4			1.3	%
	Sungard Data Systems				6.4			1.3	%
	LB-UBS Commercial Mortgage				6.0			1.2	%
	RBS Global & Rexnord Corp.				5.4			1.1	%
	Davita				5.4			1.1	%

	Total ³			$	134.7			27.5	%

	Number of positions						336
	NAV per share					$	12.40
	Market price per share					$	11.28
	Number of shares outstanding						26,773,772
	Total net assets					$	331,957,541

	Weighted average duration (including leverage) ⁵	3 years
	Weighted average credit quality ⁶	Baa3
	Fund leverage percentage ⁷	32	%

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	Total figures may not represent exact sum of items as a result of rounding.
⁴	Top 10 industries for corporate bonds and floating rate loans.
⁵	Duration calculated using internal methodologies. Rounded to the nearest year.
⁶	For securities with multiple ratings, highest rating is used.
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
Media: (650) 312-2245

Franklin Templeton Limited Duration Income Trust Reports Asset Allocation

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