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

From: Franklin Advisers, Inc.
Contact: Franklin Templeton Fund Information
Telephone:(800) 342-5236

San Mateo, CA, December 6, 2005 – Franklin Templeton Limited Duration Income Trust [AMEX:FTF], a closed-end investment company managed by Franklin Advisers, Inc., announced today a dividend of $0.091 per share, payable January 13, 2006, to shareholders of record on December 30, 2005.

Based on the Fund's net asset value (NAV) of $14.13 at the close of the market on December 5, 2005, the Fund's dividend represents an annualized yield at NAV of 7.73%.  At the Fund's market price of $12.16 at the close of the market on December 5, 2005, the Fund's dividend represents an annualized market yield of 8.98%.   

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 and Fiduciary Trust investment teams.  The San Mateo, CA-based company has more than 50 years of investment experience and approximately $442 billion in assets under management as of October 31, 2005.  For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.