]> 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, October 21, 2008 – Franklin Templeton Limited Duration Income Trust [AMEX:FTF], a closed-end investment company managed by Franklin Advisers, Inc., announced today a dividend of $0.076 per share, payable November 14, 2008, to shareholders of record on October 31, 2008 (Ex-Dividend Date: October 29, 2008).

Based on the Fund’s net asset value (NAV) of $10.08  at the close of the market on October 20, 2008, the Fund’s dividend represents an annualized yield at NAV of 9.05%.  At the Fund’s market price of $8.60  at the close of the American Stock Exchange on October 20, 2008, the Fund’s dividend represents an annualized market yield of 10.60%.

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 $507 billion in assets under management as of September 30, 2008.  For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.