]> Press Release -- Closed-End Funds - FTF 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, July 14, 2006 - Franklin Templeton Limited Duration Income Trust [AMEX:FTF], a closed-end investment company managed by Franklin Advisers, Inc., announced today a dividend of $0.084 per share, payable August 15, 2006, to shareholders of record on July 31, 2006.

Based on the Fund's net asset value (NAV) of $13.92 at the close of the market on July 13, 2006, the Fund's dividend represents an annualized yield at NAV of 7.24%.  At the Fund's market price of $12.83 at the close of the market on July 13, 2006, the Fund's dividend represents an annualized market yield of 7.86%.   

An adjustment to the dividend payout for the Fund, versus the prior month's dividend payout of $0.091, was prompted by changes in the portfolio's composition in response to changing market conditions.   Portfolio composition information can be found in the Fund's monthly asset allocation releases on franklinlintempleton.com.

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 over $490 billion in assets under management as of June 30, 2006.  For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.