Franklin Templeton Limited Duration Income Trust Reports Asset Allocation

• Press Release
• Source: Franklin Templeton
• On 4:09 pm EDT, Monday August 3, 2009

SAN MATEO, CA--(Marketwire - 08/03/09) - Franklin Templeton Limited Duration Income Trust (AMEX:FTF - News), 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 June 30, 2009.

Franklin Advisers, Inc., is a wholly owned subsidiary of Franklin Resources, Inc. (NYSE:BEN - News), 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 $451 billion in assets under management as of June 30, 2009. For more information, please call 1-800/DIAL BEN� or visit franklintempleton.com.

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FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST ASSET ALLOCATION at
 June 30, 2009
=========================== ======= =========== ============= ============
                                      MARKET
SECTOR ALLOCATION                     VALUE                   PERCENTAGE
                                     (Millions)               OF FUND (1)
---------------------------          ----------               ------------
High Yield Corporate
 Bonds & Preferred                        154.9                       33.4%
Floating Rate Loans                       150.4                       32.4%
Mortgage-Backed Securities                 92.1                       19.8%
Other Asset Backed Securities              25.7                        5.5%
Government Agency                           0.0                        0.0%
International Government Bonds
 (US$ and non-US$)                          3.1                        0.7%
Investment Grade Corporate
 Bonds & Preferred                         29.0                        6.2%
Cash & Other Net Assets                     9.0                        1.9%
                                    -----------               ------------
Total Assets (2)                         $464.3                      100.0%
=========================== ======= =========== ============= ============
                                     MARKET
TOP 10 INDUSTRIES (3)                VALUE                    PERCENTAGE
                                    (Millions)                OF FUND (1)
---------------------------          ----------               ------------
Healthcare Services                        42.7                        9.2%
Utilities                                  24.9                        5.4%
Energy                                     22.2                        4.8%
Financial Services                         21.9                        4.7%
Chemicals                                  21.2                        4.6%
Pay TV                                     20.7                        4.5%
Industrials                                19.3                        4.2%
Info/Technology                            19.2                        4.1%
Media                                      17.9                        3.9%
Food & Beverage                            17.3                        3.7%
                                    -----------               ------------
Total (2)                                $227.4                       49.0%
=========================== ======= =========== ============= ============
                                     MARKET
10 LARGEST HOLDINGS BY ISSUER        VALUE                    PERCENTAGE
                                    (Millions)                OF FUND (1)
---------------------------          ----------               ------------

Freddie Mac                                44.5                        9.6%
Fannie Mae                                 39.0                        8.4%
Govt National Mtg Assn.                     8.6                        1.9%
Intelsat Corp.                              6.4                        1.4%
Aramark Corp.                               6.2                        1.3%
HCA Inc.                                    6.1                        1.3%
Sungard Data Systems                        6.1                        1.3%
LB-UBS Commercial Mortgage                  5.7                        1.2%
RBS Global & Rexnord Corp.                  5.1                        1.1%
NRG Energy Inc.                             5.1                        1.1%
                                    -----------               ------------
Total (2)                                $133.0                       28.6%
=========================== ======= =========== ============= ============
Number of positions                                       318
NAV per share                                          $11.72
Market price per share                                 $10.05
Number of shares outstanding                       26,773,772
Total net assets                                 $313,875,020

Weighted average duration
 (including leverage) (4)   3 years
Weighted average credit
 quality (5)                   Baa3
Fund leverage percentage (6)    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) Total figures may not represent exact sum of items as a result of
    rounding.
(3) Top 10 industries for corporate bonds and floating rate loans.
(4) Duration calculated using internal methodologies. Rounded to the
    nearest year.
(5) For securities with multiple ratings, highest rating is used.
(6) Preferred shares issued by the Fund and mortgage dollar rolls used for
    leverage divided by total assets of the Fund.

 
Contact:
Franklin Templeton Investments
Shareholders/Financial Advisors: (800) 342-5236
Media: (650) 312-2245