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

May 2, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIMITED BRANDS INC (LTD)
CIK: 0000701985
Period of Report: 2012-04-30

Reporting Person: Hersch Dennis S (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-04-30	Phantom Stock	$	A	402.0000	Acquired		Common Stock, $0.50 par value (402.0000)	Direct

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.