Bath & Body Works, Inc. — Director's Dealing 2012

Feb 1, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIMITED BRANDS INC (LTD)
CIK: 0000701985
Period of Report: 2012-01-30

Reporting Person: ZIMMERMAN RAYMOND (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-30	Common Stock, $0.50 par value	M	1290.0000	$13.7428	Acquired	32766.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-30	Phantom Stock	$	A	564.0000	Acquired		Common Stock, $0.50 par value (564.0000)	Direct
2012-01-30	Stock Option - Right to Buy	$13.7428	M	1290.0000	Disposed	2012-02-04	Common Stock, $0.50 par value (1290.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.50 par value	2400.0000	Indirect

Footnotes

F1: This award converts to common stock on a 1-for-1 basis.

F2: The shares of phantom stock become payable upon the reporting person's termination of service as a director.

F3: Total holdings include shares acquired in exempt dividend reinvestment transactions.

F4: Previously reported stock option has been adjusted to reflect a special stock dividend declared by the Issuer and exempt pursuant to Rule 16a-9.