Franklin Templeton Limited Duration Income Trust Reports

SAN MATEO, CA--(Marketwire - Oct 3, 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 August 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 $716 billion in assets under management as of August 31, 2011. For more information, please call 1-800/DIAL BEN^®or visit franklintempleton.com.



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

		MARKET
		VALUE			PERCENTAGE
SECTOR ALLOCATION		(Millions)			OF FUND ⁽¹⁾

High Yield Corporate Bonds & Preferred		179.5			33.5%
Floating Rate Loans		184.0			34.4%
Mortgage-Backed Securities		122.3			22.8%
Other Asset-Backed Securities ⁽²⁾		27.0			5.0%
International Government Bonds (US$ and non-US$)		8.8			1.6%
Common Stock and Warrants		0.1			0.0%
Cash & Other Net Assets ⁽³⁾		13.7			2.6%

Total Assets ⁽⁴⁾		$535.4			100.0%

		MARKET
		VALUE			PERCENTAGE
TOP 10 INDUSTRIES ⁽⁵⁾		(Millions)			OF FUND ⁽¹⁾

Healthcare Services		34.4			6.4%
Energy		29.7			5.6%
Info/Technology		23.6			4.4%
Financial Services		22.9			4.3%
Gaming/Leisure		21.3			4.0%
Automotive		21.1			3.9%
Retail		18.5			3.5%
Media		18.2			3.4%
Chemicals		17.9			3.3%
Consumer Products		17.9			3.3%

Total ⁽⁴⁾		$225.4			42.1%

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

Fannie Mae		74.0			13.8%
Freddie Mac		46.8			8.7%
Harrahs Operating Escrow		7.4			1.4%
Reynolds Consumer Products		6.8			1.3%
Banc of America Commercial		6.2			1.2%
Intelsat Jackson Holding LT		6.2			1.2%
Visant Corp.		5.6			1.0%
Calpine Corp.		4.7			0.9%
Sungard Data Systems Inc.		4.6			0.9%
Wachovia Bank Commerical		4.4			0.8%

Total ⁽⁴⁾		$166.5			31.1%

Number of positions				380
NAV per share			$	13.23
Market price per share			$	12.83
Number of shares outstanding				26,876,933
Total net assets			$	354,372,084

Weighted average duration (including leverage) ⁽⁶⁾	3 years
Fund leverage percentage ⁽⁷⁾	34%


⁽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 and CDX 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

Franklin Templeton Limited Duration Income Trust Reports Asset Allocation

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