BLACKROCK Ltd DURATION INCOME TRUST — Director's Dealing 2008

Feb 28, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACKROCK LTD DURATION INCOME TRUST (BLW)
CIK: 0001233681
Period of Report: 2008-02-25

Reporting Person: FABOZZI FRANK (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-25	Performance Rights	$	A	1688.592	Acquired		Common Stock (1688.592)	Direct

Footnotes

F1: The Phantom Stock units were accrued under the BlackRock Deferred Compensation Plan.

F2: One performance right is convertible into the cash value of one share of BlackRock Limited Duration Income Trust.

F3: The units are to be settled 100% in cash at the deferral period chosen by the reporting person.