<SEC-DOCUMENT>0000902664-16-008312-index.html : 20161007
<SEC-HEADER>0000902664-16-008312.hdr.sgml : 20161007
<ACCEPTANCE-DATETIME>20161006185627
ACCESSION NUMBER:		0000902664-16-008312
CONFORMED SUBMISSION TYPE:	DFAN14A
PUBLIC DOCUMENT COUNT:		17
FILED AS OF DATE:		20161007
DATE AS OF CHANGE:		20161006
EFFECTIVENESS DATE:		20161007

SUBJECT COMPANY:	

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

	FILING VALUES:
		FORM TYPE:		DFAN14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-21357
		FILM NUMBER:		161925786

	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 LTD DURATION INCOME TRUST
		DATE OF NAME CHANGE:	20060111

	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

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Saba Capital Management, L.P.
		CENTRAL INDEX KEY:			0001510281
		IRS NUMBER:				800361690
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DFAN14A

	BUSINESS ADDRESS:	
		STREET 1:		405 LEXINGTON AVENUE
		STREET 2:		58TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10174
		BUSINESS PHONE:		212-542-4635

	MAIL ADDRESS:	
		STREET 1:		405 LEXINGTON AVENUE
		STREET 2:		58TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10174
</SEC-HEADER>
<DOCUMENT>
<TYPE>DFAN14A
<SEQUENCE>1
<FILENAME>p16-1917dfan14a.htm
<DESCRIPTION>FRANKLIN LIMITED DURATION INCOME TRUST
<TEXT>
Document 1 - file: p16-1917dfan14a.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>exhibit1_03.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 2 - file: exhibit1_03.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>exhibit1_08.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 3 - file: exhibit1_08.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>exhibit1_12.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 4 - file: exhibit1_12.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>exhibit1_13.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 5 - file: exhibit1_13.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>exhibit1_14.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 6 - file: exhibit1_14.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>exhibit1_15.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 7 - file: exhibit1_15.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>exhibit1_16.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 8 - file: exhibit1_16.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>exhibit1_01.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 9 - file: exhibit1_01.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>exhibit1_02.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 10 - file: exhibit1_02.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>exhibit1_04.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 11 - file: exhibit1_04.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>12
<FILENAME>exhibit1_05.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 12 - file: exhibit1_05.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>13
<FILENAME>exhibit1_06.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 13 - file: exhibit1_06.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>14
<FILENAME>exhibit1_07.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 14 - file: exhibit1_07.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>15
<FILENAME>exhibit1_09.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 15 - file: exhibit1_09.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>16
<FILENAME>exhibit1_10.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 16 - file: exhibit1_10.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>17
<FILENAME>exhibit1_11.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 17 - file: exhibit1_11.jpg

</DOCUMENT>
</SEC-DOCUMENT>