]> Press Release - Closed-End - FTF Dividend
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Franklin Templeton Limited Duration Income Trust Declares Monthly Dividend

From: Franklin Advisers, Inc.
Contact: Matt Walsh
Telephone:(650) 312-2245

San Mateo, CA, January 13, 2004 – Franklin Templeton Limited Duration Income Trust [FTF], a closed-end investment company managed by Franklin Advisers, Inc., announced today a dividend of $0.0988 per share, payable February 13, 2004, to shareholders of record on January 30, 2004. 

Based on the Fund’s net asset value (NAV) of $14.88 at the close of the market on January 12, 2004, the Fund’s dividend represents an annualized yield at NAV of 7.97%.  At the Fund’s market price of $14.86 at the close of the market on January 12, 2004, the Fund’s dividend represents an annualized market yield of 7.98%.   

Franklin Advisers, Inc., is a wholly owned subsidiary of Franklin Resources, Inc. [NYSE:BEN], a global investment organization operating as Franklin Templeton Investments.  Franklin Templeton provides global and domestic investment management services through its Franklin, Templeton, Mutual Series and Fiduciary Trust subsidiaries.  The San Mateo, CA-based company has over 50 years of investment experience and more than $336 billion in assets under management as of December 31, 2003.  For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

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