2008-09-19 22:51:02 -

- 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 October 15, 2008, to shareholders of record on September 30, 2008 (Ex-Dividend Date: September 26, 2008).

Based on the Fund's net asset value (NAV) of $12.37 at the close of the market on

September 18, 2008, the Fund's dividend represents an annualized yield at NAV of 7.37%. At the Fund's market price of $9.22 at the close of the American Stock Exchange on September 18, 2008, the Fund's dividend represents an annualized market yield of 9.89%.

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 $563 billion in assets under management as of August 31, 2008. For more information, please call 1-800/DIAL BEN(R) or visit franklintempleton.com.

Franklin Templeton Investments
Shareholders/Financial Advisors, 800-342-5236
Media, 650-312-2245