Franklin Templeton Limited Duration Income Trust Reports Asset Allocation

| Source: Franklin Templeton Franklin Templeton

SAN MATEO, CA--(Marketwire - August 31, 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 July 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 $482 billion in assets under management as of July 31, 2009. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST ASSET ALLOCATION at July 31, 2009  
   
SECTOR ALLOCATION       MARKET
VALUE (Millions)		     PERCENTAGE
OF FUND 1		  
High Yield Corporate Bonds & Preferred       167.5     34.9 %
Floating Rate Loans       155.6     32.4 %
Mortgage-Backed Securities       91.8     19.1 %
Other Asset-Backed Securities 2       27.5     5.7 %
Government Agency       0.0     0.0 %
International Government Bonds (US$ and non-US$)       3.2     0.7 %
Investment Grade Corporate Bonds & Preferred       26.8     5.6 %
Cash & Other Net Assets       7.7     1.6 %
Total Assets 3     $ 480.1     100.0 %
                 
                 
TOP 10 INDUSTRIES 4       MARKET
VALUE (Millions)		     PERCENTAGE
OF FUND 1		  
Healthcare Services       42.7     8.89 %
Utilities       26.4    5.50 %
Energy       23.6     4.92 %
Pay TV       22.2     4.62 %
Chemicals       22.0     4.58 %
Financial Services       21.9     4.56 %
Industrials       21.2     4.42 %
Info/Technology       20.3     4.23 %
Gaming/Leisure       19.8     4.12 %
Media       18.6     3.87 %
Total 3     $ 238.8     49.7 %
                 
                 
10 LARGEST HOLDINGS BY ISSUER       MARKET
VALUE (Millions)		     PERCENTAGE
OF FUND 1		  
Freddie Mac       44.3     9.2 %
Fannie Mae       38.8     8.1 %
Govt National Mtg Assn.       8.7     1.8 %
Intelsat Corp.       6.7     1.4 %
Aramark Corp.       6.5     1.4 %
Sungard Data Systems      6.4     1.3 %
HCA Inc.       6.4     1.3 %
LB-UBS Commercial Mortgage       6.0     1.3 %
Davita       5.4     1.1 %
VML US Finance LLC       5.4     1.1 %
Total 3     $ 134.7     28.1 %
                 
                 
Number of positions           324    
NAV per share         $                     12.33    
Market price per share         $                     11.10    
Number of shares outstanding           26,773,772    
Total net assets         $          330,045,776    
                 
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

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