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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001233087-08-000006.txt : 20080521
<SEC-HEADER>0001233087-08-000006.hdr.sgml : 20080521
<ACCEPTANCE-DATETIME>20080521164421
ACCESSION NUMBER:		0001233087-08-000006
CONFORMED SUBMISSION TYPE:	N-23C-2
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080612
FILED AS OF DATE:		20080521
DATE AS OF CHANGE:		20080521
EFFECTIVENESS DATE:		20080521

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FRANKLIN TEMPLETON LTD DURATION INCOME TRUST
		CENTRAL INDEX KEY:			0001233087
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		N-23C-2
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	817-00974
		FILM NUMBER:		08852257

	BUSINESS ADDRESS:	
		STREET 1:		ONE FRANKLIN PARKWAY
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94403
		BUSINESS PHONE:		650-312-2000

	MAIL ADDRESS:	
		STREET 1:		ONE FRANKLIN PARKWAY
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94403-1906

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST
		DATE OF NAME CHANGE:	20030718

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FRANKLIN TEMPLETON STRATEGIC INCOME TRUST
		DATE OF NAME CHANGE:	20030515
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-23C-2
<SEQUENCE>1
<FILENAME>ftlditn23c2.txt
<TEXT>

                      SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC 20549

              RULE 23C-2 NOTICE OF INTENTION TO REDEEM SECURITIES

                                      of

               Franklin Templeton Limited Duration Income Trust
                             One Franklin Parkway
                       San Mateo, California 94403-1906

                                  under the
                        Investment Company Act of 1940

                      Securities Act File No. 333-109190
                   Investment Company Act File No. 811-21357

The undersigned registered closed-end investment company hereby notifies the
Securities and Exchange Commission that it intends to redeem securities of
which it is the issuer, as set forth below in accordance with the
requirements of Rule 23c-2 under the Investment Company Act of 1940, as
amended (the "Act"), and states that it is filing this notice with the
Commission pursuant to permission granted by the Commission Staff fewer than
30 days prior to the date set for the redemption.

     (1) Title of the  class  of  securities  of  Franklin  Templeton  Limited
         Duration Income Trust (the "Trust") to be redeemed:

                 Auction Preferred Shares, $25,000 per share liquidation
                 value, Series F CUSIP # 35472T408, Series M CUSIP #
                 35472T200, and Series W CUSIP # 35472T309 (the "Shares").

     (2) The  securities are to be called or redeemed on the following
         dates:

                 Series F on   June 9, 2008
                 Series M on   June 10, 2008
                 Series W on   June 12, 2008

     (3) Applicable  provisions of the governing  instrument pursuant to which
         the securities are to be redeemed:

                 The  Shares are to be  redeemed  pursuant  to Part I,  Section
                 9(a) of the Franklin  Templeton  Limited Duration Income Trust
                 Statement of Preferences of Auction Preferred Shares.

     (4) The  number of shares to be  redeemed  and the basis  upon  which the
         shares to be redeemed are to be selected:

                 Series F: 1,333  Shares  selected  pro rata among the  holders
                 of the Series F Shares in  proportion  to the number of Series
                 F  Shares  they  hold,  representing  an  aggregate  principal
                 amount of $33,325,000.
                 Series M: 1,334  Shares  selected  pro rata among the  holders
                 of the Series M Shares in  proportion  to the number of Series
                 M  Shares  they  hold,  representing  an  aggregate  principal
                 amount of $33,350,000.
                 Series W: 1,333  Shares  selected  pro rata among the  holders
                 of the Series W Shares in  proportion  to the number of Series
                 W  Shares  they  hold,  representing  an  aggregate  principal
                 amount of $33,325,000.


                                   SIGNATURE

      Pursuant to the  requirement of Rule 23c-2 under the  Investment  Company
Act of 1940,  the Trust has duly  caused  this  Notice of  Intention  to Redeem
Securities  to be signed on its behalf by the  undersigned  on this 21st day of
May, 2008.

                                    FRANKLIN TEMPLETON LIMITED DURATION
                                    INCOME TRUST

                                    By:   /s/ STEVEN GRAY
                                          Name:  Steven Gray
                                          Title:  Assistant Secretary
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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