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UNITEDSTATES
SECURITIESANDEXCHANGECOMMISSION
Washington,D.C.20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-21349

Name of Fund: BlackRock Limited Duration Income Trust (BLW)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: Anne F. Ackerley, Chief Executive Officer, BlackRock
Limited Duration Income Trust, 55 East 52nd Street, New York, NY 10055.

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

Date of fiscal year end: 08/31/2010

Date of reporting period: 11/30/2009

Item 1 – Schedule of Investments

BlackRock Limited Duration Income Trust (BLW)         
Schedule of Investments November 30, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
        Par   
  Asset-Backed Securities      (000)         Value 
Asset-Backed Securities - 1.7%  Ford Credit Auto Owner Trust, Series 2009-A,       
  Class A3B, 2.73%, 5/15/13 (a)    USD  9,135  $ 9,380,137 
  Structured Asset Receivables Trust, Series 2003-1A,       
  Class CTFS, 0.78%, 1/21/10 (a)      571  559,991 
          9,940,128 
Interest Only - 0.4%  Sterling Bank Trust Series 2004-2, Class Note, 2.08%,       
  3/30/30      17,375  1,145,681 
  Sterling Coofs Trust, Series 1, 2.36%, 4/15/29    14,491  1,408,344 
          2,554,025 
  Total Asset-Backed Securities - 2.1%        12,494,153 
Industry  Common Stocks      Shares   
Auto Components - 0.1%  Lear Corp. (b)      12,644  796,419 
Commercial Services & Supplies - Sirva (b)      1,109  11,090 
0.0%           
Construction & Engineering -  USI United Subcontractors (b)      6,111  79,444 
0.0%           
Metals & Mining - 0.0%  Euramax International (b)      234  7,011 
  Total Common Stocks - 0.1%        893,964 
        Par   
  Corporate Bonds      (000)   
Air Freight & Logistics - 0.1%  Park-Ohio Industries, Inc., 8.38%, 11/15/14  USD  905  693,456 
Airlines - 0.3%  Delta Air Lines, Inc., Series B, 9.75%, 12/17/16    1,444  1,444,000 
Auto Components - 0.0%  Delphi International Holdings Unsecured, 12.00%,       
  10/06/14      65  63,320 
Automobiles - 0.1%  Ford Capital BV, 9.50%, 6/01/10      500  516,250 
Building Products - 0.1%  CPG International I, Inc., 10.50%, 7/01/13    750  680,625 
Capital Markets - 0.4%  E*Trade Financial Corp., 3.99%, 8/31/19 (c)(d)    249  388,751 
  Marsico Parent Co., LLC, 10.63%, 1/15/16      2,651  1,564,090 
  Marsico Parent Holdco, LLC, 12.50%, 7/15/16 (c)(e)    1,139  244,939 
  Marsico Parent Superholdco, LLC, 14.50%,         
  1/15/18 (c)(e)      787  169,186 
          2,366,966 
Chemicals - 1.1%  American Pacific Corp., 9.00%, 2/01/15      1,100  1,025,750 
  Ames True Temper, Inc., 4.28%, 1/15/12 (a)    2,085  1,840,012 
  Huntsman International LLC, 5.50%, 6/30/16 (c)    1,385  1,201,487 
  Innophos, Inc., 8.88%, 8/15/14      2,225  2,269,500 
          6,336,749 
Commercial Services &  ACCO Brands Corp., 10.63%, 3/15/15 (c)      1,025  1,105,719 
Supplies - 1.0%  DI Finance, Series B, 9.50%, 2/15/13      2,326  2,349,260 

1

BlackRock Limited Duration Income Trust (BLW)         
Schedule of Investments November 30, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
        Par   
Industry  Corporate Bonds      (000)         Value 
  Waste Services, Inc., 9.50%, 4/15/14    USD  2,065  $ 2,116,625 
          5,571,604 
Consumer Finance - 0.9%  Ford Motor Credit Co. LLC, 7.38%, 2/01/11    2,800  2,824,791 
  Ford Motor Credit Co. LLC, 3.26%, 1/13/12 (a)    565  512,172 
  Ford Motor Credit Co. LLC, 7.80%, 6/01/12    1,665  1,663,703 
          5,000,666 
Containers & Packaging - 1.8%  Berry Plastics Escrow LLC, 8.25%, 11/15/15 (c)    2,400  2,370,000 
  Berry Plastics Holding Corp., 4.50%, 9/15/14 (a)    510  397,800 
Beverage Packaging Holdings Luxembourg II SA, 8.00%,
  12/15/16    EUR  165  227,935 
  Crown Americas LLC, 7.75%, 11/15/15    USD  885  902,700 
  Impress Holdings BV, 3.41%, 9/15/13 (a)(c)    1,370  1,286,087 
  Pregis Corp., 12.38%, 10/15/13      2,020  1,919,000 
  Smurfit Kappa Acquisitions, 7.25%, 11/15/17  EUR  1,215  1,742,282 
  Smurfit Kappa Acquisitions, 7.75%, 11/15/19    1,155  1,677,922 
          10,523,726 
Diversified Financial Services -  GMAC LLC, 6.88%, 9/15/11 (c)    USD  5,050  4,860,625 
1.5%  GMAC LLC, 6.88%, 8/28/12 (c)      1,371  1,299,022 
  Reynolds Group DL Escrow, Inc., 7.75%, 10/15/16 (c)    2,615  2,641,150 
          8,800,797 
Diversified Telecommunication  Deutsche Telekom International Finance BV, 8.50%,       
Services - 3.3%  6/15/10      5,000  5,196,130 
  Nordic Telephone Co. Holdings ApS, 8.88%, 5/01/16 (c)    3,850  4,042,500 
  PAETEC Holding Corp., 8.88%, 6/30/17 (c)    1,000  992,500 
  Qwest Communications International, Inc., 7.50%,       
  2/15/14      610  603,900 
  Qwest Communications International, Inc., 8.00%,       
  10/01/15 (c)      2,500  2,500,000 
  Qwest Communications International, Inc., Series B,       
  7.50%, 2/15/14      2,985  2,955,150 
  Qwest Corp., 8.38%, 5/01/16 (c)      590  616,550 
  Wind Acquisition Finance SA, 10.75%, 12/01/15 (c)    900  963,000 
  Windstream Corp., 8.13%, 8/01/13      790  807,775 
  Windstream Corp., 8.63%, 8/01/16      690  695,175 
          19,372,680 
Electric Utilities - 0.0%  Elwood Energy LLC, 8.16%, 7/05/26      138  123,477 
Energy Equipment & Services -  Compagnie Generale de Geophysique-Veritas, 7.50%,       
0.1%  5/15/15      255  252,450 
  Compagnie Generale de Geophysique-Veritas, 7.75%,       
  5/15/17      420  415,275 
  North American Energy Partners, Inc., 8.75%, 12/01/11    140  138,600 
          806,325 
Food & Staples Retailing - 0.1%  Duane Reade, Inc., 11.75%, 8/01/15 (c)      455  490,262 
Food Products - 0.3%  Smithfield Foods, Inc., 10.00%, 7/15/14 (c)    1,810  1,895,975 
Health Care Equipment &  DJO Finance LLC, 10.88%, 11/15/14      2,780  2,925,950 
Supplies - 0.5%           

2

BlackRock Limited Duration Income Trust (BLW)         
Schedule of Investments November 30, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
        Par   
Industry  Corporate Bonds      (000)         Value 
Health Care Providers &  Community Health Systems, Inc. Series WI, 8.88%,       
Services - 2.3%  7/15/15    USD  450  $ 459,000 
  DaVita, Inc., 6.63%, 3/15/13      1,980  1,965,150 
  Tenet Healthcare Corp., 9.00%, 5/01/15 (c)    812  858,690 
  Tenet Healthcare Corp., 10.00%, 5/01/18 (c)    6,682  7,433,725 
  Viant Holdings, Inc., 10.13%, 7/15/17 (c)      2,948  2,844,820 
          13,561,385 
Hotels, Restaurants & Leisure -  American Real Estate Partners LP, 8.13%, 6/01/12    5,860  5,845,350 
1.3%  American Real Estate Partners LP, 7.13%, 2/15/13    1,480  1,450,400 
  Greektown Holdings, LLC, 10.75%, 12/01/13 (b)(c)(f)    1,344  280,560 
  Tropicana Entertainment, LLC Series WI, 9.63%,       
  12/15/14 (b)(f)      375  1,406 
          7,577,716 
Household Durables - 1.4%  Beazer Homes USA, Inc., 12.00%, 10/15/17 (c)    3,800  4,104,000 
  Berkline/BenchCraft, LLC, 4.50%, 11/03/12 (b)(e)(f)    200  - 
  Jarden Corp., 7.50%, 5/01/17      675  668,250 
  K Hovnanian Enterprises, Inc., 10.63%, 10/15/16 (c)    3,480  3,549,600 
          8,321,850 
IT Services - 0.5%  iPayment, Inc., 9.75%, 5/15/14      950  719,625 
  iPayment Investors LP, 12.75%, 7/15/14 (c)(e)    4,759  1,903,523 
  SunGard Data Systems, Inc., 4.88%, 1/15/14    215  198,069 
          2,821,217 
Independent Power Producers  The AES Corp., 8.75%, 5/15/13 (c)      2,803  2,852,052 
& Energy Traders - 2.9%  Calpine Construction Finance Co. LP, 8.00%, 6/01/16 (c)    3,550  3,567,750 
  NRG Energy, Inc., 7.25%, 2/01/14      9,660  9,744,525 
  NRG Energy, Inc., 7.38%, 2/01/16      475  472,625 
          16,636,952 
Industrial Conglomerates -  Sequa Corp., 11.75%, 12/01/15 (c)      2,950  2,625,500 
1.3%  Sequa Corp., 13.50%, 12/01/15 (c)(e)      5,678  4,940,169 
          7,565,669 
Machinery - 1.1%  AGY Holding Corp., 11.00%, 11/15/14      1,700  1,385,500 
  Navistar International Corp., 8.25%, 11/01/21    2,700  2,652,750 
  Sunstate Equipment Co. LLC, 10.50%, 4/01/13 (c)    3,125  2,453,125 
  Synventive Molding Solutions, Sub-Series A, 14.00%,       
  1/14/11      740  36,976 
          6,528,351 
Marine - 0.3%  Navios Maritime Holdings, Inc., 9.50%, 12/15/14    516  507,615 
  Navios Maritime Holdings, Inc., 8.88%, 11/01/17 (c)    1,230  1,260,750 
          1,768,365 
Media - 4.9%  Affinion Group, Inc., 10.13%, 10/15/13      2,825  2,881,500 
  CCH II LLC, 13.50%, 11/30/16      1,406  1,669,672 
  CMP Susquehanna Corp., 3.52%, 5/15/14 (c)    194  3,880 
  EchoStar DBS Corp., 7.00%, 10/01/13      1,450  1,450,000 
  EchoStar DBS Corp., 7.13%, 2/01/16      200  198,000 
  Lighthouse International Co. SA, 8.00%, 4/30/14  EUR  273  243,904 
  Lighthouse International Co. SA, 8.00%, 4/30/14 (c)    235  209,954 

3

BlackRock Limited Duration Income Trust (BLW)         
Schedule of Investments November 30, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
        Par   
Industry  Corporate Bonds      (000)         Value 
  Local Insight Regatta Holdings, Inc., 11.00%, 12/01/17  USD  1,575  $ 945,000 
  Network Communications, Inc., 10.75%, 12/01/13    1,520  611,800 
  Nielsen Finance LLC, 10.00%, 8/01/14      3,695  3,815,087 
  ProtoStar I Ltd., 18.00%, 10/15/12 (b)(c)(d)(f)    3,454  3,281,403 
  Rainbow National Services LLC, 8.75%, 9/01/12 (c)    925  938,875 
  Rainbow National Services LLC, 10.38%, 9/01/14 (c)    3,134  3,282,865 
  TL Acquisitions, Inc., 10.50%, 1/15/15 (c)      4,965  4,605,037 
  TVN Finance Corp. Plc, 10.75%, 11/15/17    EUR  120  181,987 
  UPC Germany GmbH, 8.13%, 12/01/17 (c)    USD  4,500  4,500,000 
          28,818,964 
Metals & Mining - 1.5%  Arch Western Finance LLC, 6.75%, 7/01/13    2,500  2,487,500 
  Murray Energy Corp., 10.25%, 10/15/15 (c)    1,430  1,401,400 
  New World Resources NV, 7.38%, 5/15/15    EUR  1,400  1,912,970 
  Teck Resources Ltd., 10.75%, 5/15/19    USD  2,500  2,918,750 
          8,720,620 
Multiline Retail - 0.3%  Dollar General Corp., 11.88%, 7/15/17 (e)      1,673  1,869,577 
Oil, Gas & Consumable Fuels -  Berry Petroleum Co., 8.25%, 11/01/16      550  536,250 
2.1%  Chesapeake Energy Corp., 6.38%, 6/15/15    650  604,500 
  Chesapeake Energy Corp., 7.25%, 12/15/18    2,500  2,406,250 
  EXCO Resources, Inc., 7.25%, 1/15/11      275  273,625 
  El Paso Corp., 7.00%, 6/15/17      2,500  2,450,000 
  Encore Acquisition Co., 6.00%, 7/15/15      250  249,375 
  OPTI Canada, Inc., 8.25%, 12/15/14      620  496,000 
  Overseas Shipholding Group, Inc., 8.75%, 12/01/13    1,190  1,209,337 
  Sabine Pass LNG LP, 7.50%, 11/30/16      1,515  1,257,450 
  SandRidge Energy, Inc., 4.22%, 4/01/14 (a)    1,500  1,268,628 
  SandRidge Energy, Inc., 8.63%, 4/01/15 (e)    180  172,800 
  Whiting Petroleum Corp., 7.25%, 5/01/12      75  75,375 
  Whiting Petroleum Corp., 7.25%, 5/01/13      1,390  1,396,950 
          12,396,540 
Paper & Forest Products -  Domtar Corp., 7.88%, 10/15/11      10  10,400 
1.8%  NewPage Corp., 6.73%, 5/01/12 (a)      1,500  922,500 
  NewPage Corp., 10.00%, 5/01/12      190  122,550 
  NewPage Corp., 11.38%, 12/31/14 (c)      9,845  9,697,325 
          10,752,775 
Pharmaceuticals - 0.2%  Valeant Pharmaceuticals International, 8.38%,       
  6/15/16 (c)      1,320  1,359,600 
Professional Services - 0.1%  FTI Consulting, Inc., 7.75%, 10/01/16      350  345,187 
Semiconductors &  Advanced Micro Devices, Inc., 8.13%, 12/15/17 (c)    775  731,406 
Semiconductor Equipment -           
0.1%           
Software - 0.0%  BMS Holdings, Inc., 8.35%, 2/15/12 (a)(c)(e)    568  11,362 

4

BlackRock Limited Duration Income Trust (BLW)         
Schedule of Investments November 30, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
        Par   
Industry  Corporate Bonds      (000)  Value 
Specialty Retail - 1.6%  General Nutrition Centers, Inc., 10.75%, 3/15/15  USD  1,300  $ 1,319,500 
  Group 1 Automotive, Inc., 8.25%, 8/15/13    5,000  4,950,000 
  Lazy Days' R.V. Center, Inc., 11.75%, 5/15/12 (b)(f)    1,454  14,540 
  Sonic Automotive, Inc. Series B, 8.63%, 8/15/13    3,135  3,087,975 
          9,372,015 
Textiles, Apparel & Luxury  Levi Strauss & Co., 8.63%, 4/01/13    EUR  2,400  3,513,619 
Goods - 0.8%  Quiksilver, Inc., 6.88%, 4/15/15    USD  1,410  1,078,650 
          4,592,269 
Tobacco - 0.2%  Reynolds American, Inc., 7.63%, 6/01/16      1,000  1,086,851 
Wireless Telecommunication  Cricket Communications, Inc., 9.38%, 11/01/14    30  28,875 
Services - 1.1%  Cricket Communications, Inc., 10.00%, 7/15/15    240  232,800 
  Cricket Communications, Inc., 7.75%, 5/15/16 (c)    2,250  2,221,875 
  Digicel Group Ltd., 8.88%, 1/15/15 (c)      1,120  1,086,400 
  Digicel Group Ltd., 9.13%, 1/15/15 (c)(e)      2,467  2,380,655 
  MetroPCS Wireless, Inc., 9.25%, 11/01/14      270  270,675 
          6,221,280 
  Total Corporate Bonds - 37.4%        218,672,779 
  Floating Rate Loan Interests (a)         
Aerospace & Defense - 0.7%  Avio SpA Facility B2, 2.36%, 12/15/14      977  882,721 
  Avio SpA Facility C2, 2.98%, 12/14/15      982  886,772 
Hawker Beechcraft Acquisition Co., LLC, Letter of Credit
  Facility Deposit, 0.18%, 3/26/14      156  116,167 
  Hawker Beechcraft Acquisition Co., LLC, Term Loan,       
  2.23% - 2.28%, 3/26/14      2,630  1,963,217 
          3,848,877 
Auto Components - 1.3%  Allison Transmission, Inc., Term Loan, 2.99% - 3.04%,       
  8/07/14      3,993  3,494,047 
  Dana Holding Corp., Term Advance, 7.25%, 1/31/15    3,080  2,748,637 
  Dayco Products LLC - (Mark IV Industries, Inc.),       
  Replacement, Term Loan B, 0.00%, 6/01/11 (b)(f)    20  10,081 
  Dayco Products, Term Loan B, 9.25%, 5/13/14    205  184,133 
  Dayco Products, Term Loan C, 11.25%, 11/13/14    29  26,005 
  Lear Corp., Term Loan (Second Lien), 9.00%, 11/09/12    1,375  1,377,292 
          7,840,195 
Automobiles - 0.5%  Ford Motor Co., Term Loan, 3.24% - 3.29%, 12/15/13    3,063  2,683,611 
Beverages - 0.7%  Culligan International Co., Loan (Second Lien), 5.17%,  EUR     
  4/24/13      1,500  827,728 
  InBev NV/SA, Bridge Loan, 1.43%, 7/15/13  USD  3,000  2,937,189 
  Le-Nature's, Inc., Tranche B Term Loan, 9.50%,       
  3/01/11 (b)(f)      1,000  395,000 
          4,159,917 

5

BlackRock Limited Duration Income Trust (BLW)         
Schedule of Investments November 30, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
        Par   
Industry  Floating Rate Loan Interests (a)      (000)         Value 
Building Products - 1.1%  Building Materials Corp. of America, Term Loan       
  Advance, 3.00%, 2/22/14    USD  2,580  $ 2,333,174 
  Custom Building Products, Inc., Loan (Second Lien),       
  10.75%, 4/20/12      1,500  1,425,000 
  Goodman Global Holdings, Term Loan B, 6.25%,       
  2/13/14      1,375  1,373,855 
  Momentive Performance Materials (Blitz 06-103 GmbH),  EUR     
  Tranche B-2 Term Loan, 2.69%, 12/04/13      995  1,314,122 
  United Subcontractors, Term Loan (First Lien), 1.79%,  USD     
  6/30/15      143  121,834 
          6,567,985 
Capital Markets - 0.2%  Marsico Parent Co., LLC, Term Loan, 5.00% - 5.06%,       
  12/15/14      456  286,080 
  Nuveen Investments, Inc., Term Loan, 3.28%, 11/13/14    1,359  1,134,501 
          1,420,581 
Chemicals - 3.2%  Ashland Inc., Term B Borrowing, 7.65%, 5/13/14    649  658,654 
  Brenntag AG, Term Loan B, 2.77%, 11/24/37  EUR  276  400,842 
  Brenntag Holding GmbH & Co. KG, Facility 3A       
  (Second Lien), 5.02%, 3/21/16      115  167,243 
  Brenntag Holding GmbH & Co. KG, Facility 3B  USD     
  (Second Lien), 4.24%, 7/17/15      500  484,375 
  Brenntag Holding GmbH & Co. KG, Facility 3B  EUR     
  (Second Lien), 5.02%, 3/15/16      385  560,069 
Brenntag Holding GmbH & Co. KG, Facility B6A and B6B,
  3.02%, 11/24/37      213  310,329 
  Cognis GmbH Facility B (French), 2.77%, 11/16/13    197  275,595 
  Cognis GmbH Facility B (French), 2.77%, 11/17/13    803  1,125,348 
Edwards (Cayman Islands II) Ltd., Term Loan (First Lien),
  2.26%, 5/31/14    USD  448  373,278 
  ElectricInvest Holding Co. Ltd. (Viridian Group Plc)       
  Junior Term Facility, 4.93%, 4/20/12    EUR  894  1,080,201 
  ElectricInvest Holding Co. Ltd. (Viridian Group Plc)       
  Junior Term Facility, 5.02%, 12/21/12    GBP  900  1,191,867 
  Gentek, Inc. Term Loan B, 7.00%, 10/20/14  USD  700  702,917 
  Huish Detergents Inc., Tranche B Term Loan, 1.99%,       
  4/26/14      1,234  1,170,449 
  Ineos US Finance LLC, Term A4 Facility, 9.00%, 12/14/12    334  294,566 
  Nalco Company, Term Loan, 6.50%, 5/13/16    2,065  2,077,529 
  PQ Corp. (fka Niagara Acquisition, Inc.) Loan       
  (Second Lien), 6.74%, 7/30/15      2,900  2,375,912 
  PQ Corp. (fka Niagara Acquisition, Inc.) Term Loan       
  (First Lien), 3.49% - 3.54%, 7/31/14      3,950  3,476,000 
Rockwood Specialties Group, Inc., Term Loan H, 6.00%,
  5/15/14      940  941,685 
  Solutia Inc., Loan, 7.25%, 2/28/14      1,288  1,303,041 
          18,969,900 

6

BlackRock Limited Duration Income Trust (BLW)       
Schedule of Investments November 30, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
      Par   
Industry  Floating Rate Loan Interests (a)    (000)  Value 
Commercial Services & Supplies - ARAMARK Corp., Facility Letter of Credit, 0.29%,     
1.6%  1/26/14  USD  185 $  166,523 
  ARAMARK Corp., U.S. Term Loan, 2.11% - 2.16%,     
  1/26/14    2,808  2,532,091 
  Casella Waste Systems, Inc., Term Loan B, 7.00%,     
  4/08/14    633  634,996 
EnviroSolutions Real Property Holdings, Inc., Initial Term
  Loan, 11.00%, 7/07/12    507  365,393 
  SIRVA Worldwide, Inc., Loan (Second Lien), 12.00%,     
  5/12/15    267  26,678 
  Synagro Technologies, Inc., Term Loan (First Lien),     
  2.23% - 2.24%, 4/02/14    2,708  2,183,678 
  West Corp., Term Loan B3, 7.25%, 11/08/13  3,468  3,445,042 
        9,354,401 
Computers & Peripherals - 0.1%  Intergraph Corp., Term Loan (Second Lien), 6.26%,  750  705,000 
  11/28/14       
Consumer Finance - 1.3%  Chrysler Financial Corp. Return of Capital, 4.24%,     
  8/03/12    2,750  2,626,938 
DaimlerChrysler Financial Services Americas LLC, Term
  Loan (First Lien), 4.24%, 8/03/12    4,975  4,780,144 
        7,407,082 
Containers & Packaging - 0.4%  Graham Packaging Co., LP, Term Loan B, 2.50%,     
  10/07/11    1,530  1,476,844 
  Smurfit-Stone Container Enterprise, Inc., Deposit     
  Funded Facility, 4.50%, 11/01/10 (b)(f)    92  89,664 
  Smurfit-Stone Container Enterprise, Inc., Tranche B,     
  2.50%, 11/01/11 (b)(f)    105  102,040 
  Smurfit-Stone Container Enterprise, Inc., Tranche C,     
  2.50%, 11/01/11    198  191,711 
  Smurfit-Stone Container Enterprise, Inc., Tranche C-1     
  Term Loan, 2.50%, 11/01/11    60  57,963 
  Smurfit-Stone Container, Revolving Credit,     
  2.75% - 5.25%, 11/12/09    152  148,544 
  Smurfit-Stone Container, Revolving Credit U.S.,     
  2.50% - 4.50%, 11/01/09    459  447,867 
        2,514,633 
Distributors - 0.0%  Keystone Automotive Operations, Inc., Loan, 3.78% -     
  5.75%, 1/12/12    315  197,149 
Diversified Consumer  Coinmach Service Corp., Term Loan, 3.24% - 3.27%,     
  11/14/14    4,679  3,976,786 
Services - 1.4%  Education Management Corp., Term Loan C, 2.06%,     
  6/01/13    746  684,050 
  Laureate Education, Term Loan B, 7.00%, 12/31/14  3,500  3,373,125 
        8,033,961 

7

BlackRock Limited Duration Income Trust (BLW)         
Schedule of Investments November 30, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
        Par   
Industry  Floating Rate Loan Interests (a)      (000)  Value 
Diversified Financial Services -  CIT Group, Term Loan A, 9.50%, 1/20/12    USD  8,500 $  8,620,420 
1.8%  Professional Service Industries, Inc., Term Loan (First       
  Lien), 2.99%, 10/31/12      564  282,021 
  Reynolds Group, Term Loan B, 6.25%, 10/28/15    1,400  1,396,500 
          10,298,941 
Diversified Telecommunication  Cavtel Holdings, LLC, Term Loan, 10.50%, 12/31/12    1,200  945,000 
Services - 1.4%  Hawaiian Telcom Communications, Inc., Tranche C Term       
  Loan, 4.75%, 5/30/14      1,928  1,376,250 
Integra Telecom Holdings, Inc., Term Loan (First Lien),
  10.50%, 8/31/13      1,471  1,461,438 
PAETEC Holding Corp., Replacement Term Loan, 2.73%,
  2/28/13      421  395,191 
  Wind Telecomunicazioni SpA, A1 Term Loan Facility,  EUR     
  3.01%, 9/22/12      2,924  4,265,623 
          8,443,502 
Electric Utilities - 0.1%  TPF Generation Holdings, LLC, Synthetic Letter of Credit       
  Deposit (First Lien), 0.18%, 12/15/13    USD  151  141,134 
  TPF Generation Holdings, LLC, Synthetic Revolving       
  Deposit, 0.19%, 12/15/11      47  44,243 
  TPF Generation Holdings, LLC, Term Loan (First Lien),       
  2.23%, 12/15/13      409  383,730 
          569,107 
Electrical Equipment - 0.2%  Electrical Components International Holdings Co. (ECI),       
  Term Loan (Second Lien), 11.50%, 5/01/14    500  25,000 
  Generac Acquisition Corp., Term Loan (First Lien),       
  2.78%, 11/10/13      1,464  1,323,045 
          1,348,045 
Electronic Equipment,  Flextronics International Ltd., A Closing Date Loan,       
Instruments & Components -  2.49% - 2.54%, 10/01/14      2,697  2,466,266 
0.9%  Flextronics International Ltd., Delay Draw Term Loan,       
  2.53%, 10/01/12      775  708,697 
  Flextronics International Ltd., Term Loan B, 2.54%,       
  10/01/12      1,433  1,342,954 
  Matinvest 2 SAS/ Butterfly Wendel U.S., Inc.       
  (Deutsche Connector) B-2 Facility, 2.78%, 6/22/14    478  365,625 
  Matinvest 2 SAS/ Butterfly Wendel U.S., Inc.       
  (Deutsche Connector) C-2 Facility, 3.03%, 6/22/15    829  634,352 
          5,517,894 

8

BlackRock Limited Duration Income Trust (BLW)         
Schedule of Investments November 30, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
        Par   
Industry  Floating Rate Loan Interests (a)      (000)  Value 
Energy Equipment & Services -  Dresser, Inc., Term Loan B, 2.52%, 5/04/14  USD         1,132 $  1,038,544 
0.4%  MEG Energy Corp., Initial Term Loan, 2.29%, 4/03/13    483  438,472 
  Trinidad USA Partnership LP, U.S. Term Loan, 2.74%,       
  5/01/11      1,018  875,673 
          2,352,689 
Food & Staples Retailing - 2.1%  AB Acquisitions Topco 2 Ltd. (fka Alliance Boots),       
  Facility B1, 3.52%, 7/09/15    GBP  3,500  5,039,391 
  DS Waters of America, Inc., Term Loan, 4.29%,  USD     
  10/20/12      500  429,167 
  Pilot Travel Centers, Term Loan B, 0.00%, 11/18/15    3,500  3,502,916 
  Rite Aid Corp., Tranche 4 Term Loan, 9.50%, 6/10/15    2,150  2,210,916 
  WM. Bolthouse Farms, Inc., Term Loan (First Lien),       
  2.56%, 12/16/12      843  817,691 
          12,000,081 
Food Products - 1.2%  Dole Food Co., Inc., Credit-Linked Deposit, 0.28%,       
  4/12/13      280  280,988 
  Dole Food Co., Inc., Tranche B Term Loan, 8.00%,       
  4/12/13      488  489,923 
  Michael Foods, Term Loan B, 6.50%, 4/24/14    1,478  1,482,117 
  Michaels Stores, Inc., Term Loan B, 4.81%, 7/31/16    672  596,724 
  Solvest, Ltd. (Dole), Tranche C Term Loan, 8.00%,       
  4/12/13      1,612  1,619,205 
  Wm. Wrigley Jr. Co., Tranche B Term Loan, 6.50%,       
  9/30/14      2,437  2,444,060 
          6,913,017 
Health Care Equipment &  Biomet, Inc., Dollar Term Loan, 3.25% - 3.28%,       
Supplies - 0.7%  3/25/15      1,674  1,581,892 
DJO Finance, LLC (ReAble Therapeutics Fin LLC), Term
  Loan, 3.23% - 3.28%, 5/20/14      2,456  2,305,805 
          3,887,697 
Health Care Providers &  CCS Medical, Inc. (Chronic Care), Loan Debtor in       
Services - 2.6%  Possession, 11.00%, 11/16/12      31  31,247 
CCS Medical, Inc. (Chronic Care), Term Loan (First Lien),
  4.35%, 9/30/12 (b)(f)      875  457,916 
  CCS Medical Return of Capital, 0.00%, 9/30/11    1,100  575,666 
  CHS/Community Health Systems, Inc., Delayed Draw       
  Term Loan, 2.51%, 7/25/14      410  374,700 
  CHS/Community Health Systems, Inc., Funded Term       
  Loan, 2.51%, 7/25/14      8,041  7,347,719 
  Catalent Pharma Solutions, Inc. (fka Cardinal Health       
  409, Inc.), Term Loan, 2.69%, 11/19/37    EUR  655  845,821 
  HCA Inc., Tranche A-1 Term Loan, 1.78%, 11/17/12  USD  2,324  2,158,169 

9

BlackRock Limited Duration Income Trust (BLW)       
Schedule of Investments November 30, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
      Par   
Industry  Floating Rate Loan Interests (a)    (000)  Value 
  HealthSouth Corp., Term Loan, 2.54% - 2.55%, 3/10/13 USD         1,265 $  1,176,103 
  HealthSouth, Term Loan B2, 4.04% - 4.05%, 3/15/14  1,041  980,560 
  Vanguard Health Holding Co. II, LLC (Vanguard Health     
  System, Inc.), Replacement Term Loan, 2.49%, 9/23/11  1,313  1,271,528 
        15,219,429 
Health Care Technology - 0.1%  Sunquest Information Systems, Inc. (Misys Hospital     
  Systems, Inc.), Term Loan, 3.54%, 10/13/14  500  455,000 
Hotels, Restaurants & Leisure -  BLB Worldwide Holdings, Inc. (Wembley, Inc.), First     
3.5%  Priority Term Loan, 4.75%, 7/18/11 (b)(f)    1,989  1,178,486 
  Busch Entertainment Corp., Term Loan, 5.75%,     
  5/05/16    3,250  3,250,813 
  CCM Merger Inc. (Motor City Casino), Term B Loan,     
  8.50%, 7/13/12    1,492  1,417,539 
  Green Valley Ranch Gaming, LLC, Term Loan (Second     
  Lien), 3.55%, 8/16/14    1,500  337,500 
  Harrah's Operating Co., Inc.,, Term Loan B, 9.50%,     
  10/31/16    1,250  1,209,688 
  Harrah's Operating Co., Inc., Term Loan B-1, 3.28%,     
  1/28/15    449  347,475 
  Harrah's Operating Co., Inc., Term Loan B-3, 3.28%,     
  1/28/15    548  424,314 
  OSI Restaurant Partners, LLC, Pre-Funded RC Loan,     
  0.12% - 2.56%, 6/14/13    32  26,032 
  Penn National Gaming, Inc., Term Loan B, 1.98% -     
  2.03%, 10/03/12    2,828  2,695,227 
  QCE, LLC (Quiznos), Term Loan (First Lien), 2.56%,     
  5/05/13    1,935  1,556,868 
  Travelport LLC (fka Travelport Inc.), Loan, 8.28%,     
  3/27/12    4,702  4,185,038 
  Universal City Development, Term Loan B, 7.75%,     
  10/29/14    3,750  3,730,080 
        20,359,060 
Household Durables - 0.8%  Berkline/Benchcraft, LLC., Term Loan, 6.58%,     
  11/03/11 (b)(f)    107  5,373 
  Jarden Corporation, Term Loan B3, 2.78%, 1/24/12  761  740,139 
  Simmons Bedding Co., Tranche D Term Loan, 9.50%,     
  12/19/11    3,250  3,201,250 
  Yankee Candle Co., Inc., Term Loan, 2.24%, 2/06/14  947  871,025 
        4,817,787 
Household Products - 0.2%  Central Garden & Pet Co., Tranche B Term Loan, 1.74%,     
  9/30/12    988  928,633 

10

BlackRock Limited Duration Income Trust (BLW)         
Schedule of Investments November 30, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
        Par   
Industry  Floating Rate Loan Interests (a)      (000)  Value 
IT Services - 1.5%  Amadeus IT Group SA / Amadeus Verwaltungs GmbH       
  Term B3 Facility, 2.42%, 6/30/13    EUR  307 $  428,387 
  Amadeus IT Group SA / Amadeus Verwaltungs GmbH       
  Term B4 Facility, 2.42%, 6/30/13      184  255,767 
  Amadeus IT Group SA / Amadeus Verwaltungs GmbH       
  Term C3 Facility, 2.92%, 6/30/14      307  428,387 
  Amadeus IT Group SA / Amadeus Verwaltungs GmbH       
  Term C4 Facility, 2.92%, 6/30/14      184  255,767 
  Audio Visual Services Group, Inc., Loan (Second Lien),  USD     
  6.79%, 8/28/14      1,059  105,867 
  Ceridian Corp, US Term Loan, 3.24% - 3.28%, 11/09/14    1,385  1,194,160 
  First Data Corp., Initial Tranche B-1 Term Loan,       
  2.99% - 3.04%, 9/24/14      3,654  3,040,691 
  First Data Corp., Initial Tranche B-2 Term Loan,       
  3.03% - 3.04%, 9/24/14      1,234  1,025,120 
  First Data Corp., Initial Tranche B-3 Term Loan,       
  3.03% - 3.04%, 9/24/14      561  465,559 
  RedPrairie Corp., Term Loan B, 5.25% - 3.31%, 7/20/12    605  568,608 
  SunGard Data Systems Inc. (Solar Capital Corp.),       
  Incremental, Term Loan, 6.75%, 2/28/14      1,194  1,200,537 
          8,968,850 
Independent Power Producers &  Texas Competitive Electric Holdings Co., LLC (TXU)       
Energy Traders - 0.7%  Initial Tranche B-2 Term Loan, 3.74% - 3.78%, 10/10/14    2,577  1,919,821 
  Texas Competitive Electric Holdings Co., LLC (TXU)       
  Initial Tranche B-3 Term Loan, 3.74% - 3.78%, 10/10/14    2,726  2,013,205 
          3,933,026 
Insurance - 0.1%  Conseco, Inc, Term Loan, 6.50%, 10/10/13    696  633,397 
Leisure Equipment &  24 Hour Fitness Worldwide, Inc., Tranche B Term Loan,       
Products - 0.2%  2.74% - 2.79%, 6/08/12      965  894,234 
Life Sciences Tools & Services -  Life Technologies Corp., Term B Facility, 5.25%,       
0.3%  11/23/15      1,783  1,779,380 
Machinery - 1.9%  Accuride, Debtor In Possession, Term Loan, 10.00%,       
  10/07/10      279  279,000 
  Accuride, Term Loan, 6.00%, 1/31/12      2,935  2,912,987 
  Blount, Inc., Term Loan B, 1.99% - 3.25%, 8/09/10    649  636,484 
  LN Acquisition Corp. (Lincoln Industrial), Initial Term       
  Loan (Second Lien), 6.04%, 1/09/15      1,500  990,000 
  NACCO Materials Handling Group, Inc., Loan,       
  2.23% - 2.52%, 3/21/13      484  382,163 
Navistar Financial Corp., Tranche A Term Loan, 2.25%,
  3/27/10      2,000  1,967,500 
  Navistar International Corp., Revolving Credit-Linked       
  Deposit, 3.50%, 1/19/12      533  527,333 

11

BlackRock Limited Duration Income Trust (BLW)       
Schedule of Investments November 30, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
      Par   
Industry  Floating Rate Loan Interests (a)    (000)  Value 
  Navistar International Corp., Term Advance, 3.50%,     
  1/19/12  USD         1,467 $  1,450,167 
  Oshkosh Truck Corp., Term B Loan, 6.29% - 6.33%,     
  12/06/13    1,570  1,565,097 
  Standard Steel, LLC, Delayed Draw Term Loan, 8.25%,     
  7/02/12    74  63,277 
  Standard Steel, LLC, Initial Term Loan, 9.00%, 7/02/12  368  313,951 
        11,087,959 
Marine - 0.3%  Delphi Acquisition Holding I BV (fka Dockwise)     
  Facility B2, 2.28%, 1/12/15    939  890,350 
  Delphi Acquisition Holding I BV (fka Dockwise)     
  Facility C2, 3.16%, 1/11/16    939  890,350 
        1,780,700 
Media - 11.2%  Acosta, Inc., Term Loan, 2.49%, 7/28/13    968  879,216 
  Affinion Group Holdings, Inc., Loan, 8.27%, 3/01/12  1,048  929,790 
  Alpha Topco Limited (Formula One) Facility D, 3.73%,     
  6/30/14    1,000  823,929 
  Atlantic Broadband Finance, LLC, Term Loan B-2-B,     
  6.75%, 6/01/13    933  921,331 
  Atlantic Broadband Finance, LLC, Tranche B-2-A Term     
  Loan, 2.54%, 9/01/11    35  33,771 
  Catalina Marketing Corp., Initial Term Loan, 2.99%,     
  10/01/14    764  708,763 
Cengage Learning Acquisitions, Inc. (Thomson Learning),
  Tranche 1 Incremental Term Loan, 7.50%,       
  7/03/14    3,703  3,642,949 
Cequel Communications, LLC, Term Loan, 2.26% - 4.25%,
  11/05/13    6,178  5,698,626 
  Cequel Communications, LLC, Tranche B Term Loan     
  (Second Lien), 6.26%, 5/05/14    2,738  2,724,488 
  Charter Communications Operating, LLC, New Term     
  Loan, 4.26%, 3/06/14 (b)(f)    4,273  3,949,351 
  Charter Communications, Term Loan B1, 9.25%,     
  3/25/14    746  753,674 
  FoxCo Acquisition Sub, LLC, Term Loan, 7.50%,     
  7/14/15    1,893  1,746,404 
  HIT Entertainment, Inc., Term Loan (Second Lien),     
  5.78%, 2/26/13    1,000  540,000 
  HMH Publishing Co. Ltd., Mezzanine, 17.50%,     
  11/14/14 (e)    1,921  384,297 
HMH Publishing Co. Ltd., Tranche A Term Loan, 5.28%,
  6/12/14    1,635  1,387,714 
Hanley-Wood, LLC (FSC Acquisition), Term Loan, 2.53%,
  3/08/14    2,724  1,143,975 

12

BlackRock Limited Duration Income Trust (BLW)         
Schedule of Investments November 30, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
        Par   
Industry  Floating Rate Loan Interests (a)      (000)  Value 
  Harland Clarke Holdings Corp. (fka Clarke American       
  Corp.), Tranche B Term Loan, 2.73% - 2.78%, 6/30/14  USD  1,466  $ 1,202,702 
  Insight Midwest Holdings, LLC, Term Loan B, 2.29%,       
  4/07/14      1,550  1,447,035 
Intelsat Corp. (fka PanAmSat Corp.), Term B-2-A, 2.74%,
  1/03/14      586  542,970 
Intelsat Corp. (fka PanAmSat Corp.), Term B-2-B, 2.74%,
  1/03/14      586  542,804 
Intelsat Corp. (fka PanAmSat Corp.), Term B-2-C, 2.74%,
  1/03/14      586  542,804 
  Lamar Media Corp., B Incremental, 5.50%, 9/28/12    2,206  2,188,504 
  Lamar Media Corp., Term Loan, 5.50%, 9/30/12    493  489,132 
  Lavena Holding 3 GmbH (Prosiebensat.1 Media AG)       
  Facility B1, 3.53%, 6/30/15    EUR  337  334,335 
  Lavena Holding 3 GmbH (Prosiebensat.1 Media AG)       
  Facility C1, 3.78%, 6/30/16      337  334,335 
  Lavena Holding 3 GmbH (Prosiebensat.1 Media AG)       
  Facility D, 4.90%, 12/28/16      904  515,962 
MCC Iowa LLC (Mediacom Broadband Group), Tranche E
  Term Loan, 6.50%, 1/03/16    USD  448  448,013 
  MCNA Cable Holdings LLC (OneLink Communications),       
  Loan, 7.23%, 3/01/13 (e)      1,933  773,361 
Mediacom Illinois, LLC (fka Mediacom Communications,
  LLC), Tranche D Term Loan, 5.50%, 3/31/17    1,000  996,250 
  Metro-Goldwyn-Mayer Inc., Tranche B Term Loan,       
  20.50%, 4/09/12      2,175  1,359,375 
  Mission Broadcasting, Inc., Term B Loan, 6.25%,       
  10/01/12      953  864,550 
  Multicultural Radio Broadcasting, Inc., Term Loan,       
  2.99%, 12/18/12      311  233,250 
  NTL Cable Plc, Term Loan, 2.90%, 11/19/37  GBP  583  936,033 
  New Vision Exit, Term Loan, 13.00%, 10/01/12  USD  160  160,050 
  Newsday, LLC, Fixed Rate Term Loan, 10.50%,       
  8/01/13      3,755  3,930,235 
  Nexstar Broadcasting, Inc, Term Loan B, 5.00%,       
  10/01/12      1,008  914,316 
  Nielsen Co., Term Loan B, 3.99%, 5/01/16    2,711  2,477,776 
Nielsen Finance LLC, Class A, Dollar Term Loan, 2.24%,
  8/09/13      1,302  1,169,593 
  Penton Media, Inc., Loan (Second Lien), 5.28%,       
  2/01/14      1,000  203,333 
  Penton Media, Inc., Term Loan (First Lien), 2.62%,       
  2/01/13      1,097  717,082 
Protostar Ltd., Debtor in Possession, Term Loan, 18.00%,
  12/15/09 (b)(f)      673  673,313 

13

BlackRock Limited Duration Income Trust (BLW)         
Schedule of Investments November 30, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
        Par   
Industry  Floating Rate Loan Interests (a)      (000)         Value 
  Springer Term Loan B, 2.69%, 9/16/11    USD  820  $ 775,794 
  Springer Term Loan C, 3.03%, 5/05/12      597  564,687 
  Springer Term Loan E-2, 3.29%, 9/16/12      229  216,787 
  Springer Term Loan E-2-4, 3.29%, 9/16/12    311  293,940 
Sunshine Acquisition Ltd. (aka HIT Entertainment), Term
  Facility, 2.53%, 3/20/12      2,407  2,064,086 
  TWCC Holding Corp., Term Loan, 7.25%, 9/14/15    1,492  1,491,839 
Telecommunications Management, LLC Multi-Draw Term
  Loan, 3.761%, 6/30/13      232  171,473 
  Telecommunications Management, LLC Term Loan,       
  3.761%, 6/30/13      919  680,153 
  UPC Financing Partnership, Facility U, 4.43%, 12/31/17  EUR  1,838  2,545,952 
Virgin Media Investment Holdings Ltd., C Facility, 3.58%,
  7/17/13    GBP  2,000  3,055,295 
World Color Press Inc. and World Color (USA) Corp. (fka
  Quebecor World Inc.), Advance, 9.00%, 7/23/12  USD  1,298  1,300,897 
  Yell Group Plc, Term Loan A, 7.12%, 8/09/11    898  821,625 
  Yell Group Plc, Term Loan B, 3.28%, 8/09/13    1,817  1,408,226 
          65,656,145 
Metals & Mining - 0.1%  Essar Steel Algoma Inc. (fka Algoma Steel Inc.), Term       
  Loan, 8.00%, 6/20/13      494  465,300 
Multi-Utilities - 0.3%  FirstLight Power Resources, Inc. (fka NE Energy, Inc.)       
  Synthetic Letter of Credit, 0.16%, 11/01/13    244  222,321 
  FirstLight Power Resources, Inc. (fka NE Energy, Inc.)       
  Term Loan B (First Lien), 3.13%, 11/01/13    1,895  1,725,478 
  Mach Gen, LLC, Synthetic Letter of Credit Loan       
  (First Lien), 0.03%, 2/22/13      69  63,236 
          2,011,035 
Multiline Retail - 0.6%  Dollar General Corp., Tranche B-2 Term Loan, 2.98%,       
  7/07/14      249  232,161 
  Hema BV, Term Loan B, 5.43%, 1/01/17    EUR  2,600  2,771,855 
  The Neiman Marcus Group Inc., Term Loan,       
  2.24% - 2.32%, 4/06/13    USD  350  297,695 
          3,301,711 
Oil, Gas & Consumable Fuels -  Big West Oil, LLC, Delayed Advance Loan, 6.50%,       
1.1%  5/15/14 (b)(f)      1,268  1,204,303 
  Big West Oil, LLC, Initial Advance Loan, 6.50%,       
  5/15/14 (b)(f)      1,007  956,999 
  Coffeyville Resources, LLC, Tranche D Term Loan,       
  8.50%, 12/30/13      778  773,199 
  Drummond Co., Inc., Term Advance, 1.48%, 2/14/11       
        950  921,500 

14

BlackRock Limited Duration Income Trust (BLW)       
Schedule of Investments November 30, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
      Par   
Industry  Floating Rate Loan Interests (a)    (000)  Value 
Niska Gas Storage Canada ULC, Canadian, Term Loan B,
  1.98%, 5/12/13  USD  450  $ 417,608 
  Niska Gas Storage U.S., LLC, U.S. Term Loan B, 1.98%,     
  5/12/13    47  43,878 
  Niska Gas Storage U.S., LLC, Wild Goose Acquisition     
  Draw-US Term B, 1.99%, 5/12/13    32  29,722 
  Turbo Beta Ltd., Dollar Facility, 14.50%, 3/15/18  3,107  2,330,043 
        6,677,252 
Paper & Forest Products - 1.1%  Georgia-Pacific LLC, Term Loan B, 2.24% - 2.30%,     
  12/22/12    4,508  4,278,538 
  Georgia-Pacific LLC, Term Loan B-2, 2.21%, 12/20/12  1,893  1,796,256 
  Verso Paper Finance Holdings LLC, Loan, 7.28%,     
  2/01/13 (e)    611  219,798 
        6,294,592 
Personal Products - 0.5%  American Safety Razor Co., LLC, Term Loan (First Lien),     
  2.54% - 2.79%, 7/25/13    625  586,458 
  American Safety Razor Co., LLC, Term Loan     
  (Second Lien), 6.54%, 1/30/14    2,500  2,054,167 
        2,640,625 
Pharmaceuticals - 0.4%  Warner Chilcott, Term Loan A, 5.50%, 10/14/14  881  878,046 
  Warner Chilcott, Term Loan B, 5.75%, 3/30/15  441  439,023 
  Warner Chilcott, Term Loan B1, 5.75%, 4/30/15  969  965,850 
        2,282,919 
Real Estate Management &  Enclave, Term Loan B, 6.14%, 3/01/12    3,000  360,864 
Development - 0.9%  Georgian Towers, Term Loan, 6.14%, 3/01/12  3,000  341,721 
  Pivotal Promontory, LLC, Term Loan (Second Lien),     
  11.50%, 8/31/11 (b)(f)    750  37,500 
  Realogy Corp., Delay Draw Term Loan, 3.28%, 10/10/13  1,550  1,314,271 
  Realogy Corp., Initial Term Loan B, 3.29%, 10/10/13  985  835,070 
  Realogy Corp., Synthetic Letter of Credit, 3.15%, 10/10/13  265  224,826 
  Realogy Corp., Term Loan (Second Lien), 13.50%,     
  10/15/17    2,250  2,316,375 
        5,430,627 
Software - 0.1%  Bankruptcy Management Solutions, Inc., Term Loan     
  (First Lien), 4.23%, 7/31/12    945  406,457 
Specialty Retail - 0.6%  Adesa, Inc. (KAR Holdings, Inc.), Initial Term Loan,     
  2.49%, 10/21/13    1,250  1,147,916 
  Eye Care Centers of America, Inc., Term Loan, 4.75%,     
  3/01/12    519  502,523 
  Michaels Stores, Inc. Term Loan B, 2.56%, 10/31/13  500  429,876 
  OSH Properties LLC (Orchard Supply), Term Loan B,     
  2.69%, 12/04/11    1,500  1,291,500 
        3,371,815 

15

BlackRock Limited Duration Income Trust (BLW)         
Schedule of Investments November 30, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
        Par   
Industry  Floating Rate Loan Interests (a)      (000)         Value 
Textiles, Apparel & Luxury  Hanesbrands Inc., Term Loan B, 5.03% - 5.25%,       
  9/05/13    USD  728  $ 726,996 
Goods - 0.2%  St. John Knits International, Inc., Term Loan, 9.25%,       
  3/23/12      600  509,753 
  Springer, Term Loan E, 3.29%, 9/16/12      45  42,651 
          1,279,400 
Trading Companies &  Beacon Sales Acquisition, Inc., Term Loan B, 2.23%,       
Distributors - 0.2%  9/30/13      1,188  1,104,435 
Wireless Telecommunication  Digicel International Finance Ltd., Tranche A, 2.81%,       
Services - 0.3%  3/30/12      1,883  1,803,310 
  Total Floating Rate Loan Interests - 51.1%      298,617,343 
  Foreign Agency Obligations         
  Peru Government International Bond, 8.38%, 5/03/16    4,871  5,966,975 
  Turkey Government International Bond, 7.00%, 9/26/16    5,093  5,653,230 
  Total Foreign Agency Obligations - 2.0%        11,620,205 
        Beneficial   
        Interest   
  Other Interests (g)      (000)   
Auto Components - 0.6%  Dayco (Mark IV) LLC Equity Interests      9  110,832 
  Delphi Debtor in Possession Hold Co. LLP, Class B       
  Membership Interests      1  3,551,607 
  Lear Corp. Escrow      1,285  13 
          3,662,452 
Diversified Financial Services -  JG Wentorth LLC Preferred Equity Interests    1  1,183,924 
0.2%           
Health Care Providers &  Critical Care Systems International, Inc.      8  1,525 
Services - 0.0%           
Household Durables - 0.0%  Berkline Benchcraft Equity LLC      3  - 
Media - 0.1%  New Vision LLC Holdings      35  287,505 
  Total Other Interests - 0.9%        5,135,406 
  Preferred Stocks      Shares   
Capital Markets - 0.0%  Marsico Parent Superholdco, LLC, 16.75% (b)(h)    177  39,825 
Media - 0.0%  CMP Susquemanna Radio Holdings Corp. (h)    45,243  - 
  Total Preferred Stocks - 0.0%        39,825 
        Par   
  U.S. Government Sponsored Agency Obligations    (000)   
Agency Obligations - 2.9%  Fannie Mae, 7.25%, 1/15/10    USD  17,000  17,149,991 
Mortgaged-Backed Securities -  Fannie Mae Guaranteed Pass-Through Certificates:       
23.2%         5.00%, 12/15/24 (i)      121,000  128,524,749 
  5.50%, 12/01/28 - 11/01/33 (j)      6,282  6,713,147 
          135,237,896 
  Total U.S. Government Sponsored         
  Agency Obligations - 26.1%        152,387,887 

16

BlackRock Limited Duration Income Trust (BLW)       
Schedule of Investments November 30, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
      Par   
  U.S. Treasury Obligations    (000)   Value 
  U.S. Treasury Notes, 4.25%, 8/15/15                               USD  1,815 $  2,007,844 
  Total U.S. Treasury Obligations - 0.3%      2,007,844 
Industry  Warrants (k)    Shares   
Auto Components - 0.1%  Lear Corp. (expires 11/09/14) (b)    4,933  303,372 
Machinery - 0.0%  Synventive Molding Solutions (expires 1/15/13) (b)  1  - 
Media - 0.0%  CMP Susquemanna Radio Holdings Corp. (expires     
  3/26/19) (b)    51,701  1 
Oil, Gas & Consumable Fuels -  Turbo Cayman Ltd. (No Expiration) (b)    2  - 
0.0%         
  Total Warrants - 0.1%      303,373 
  Total Long-Term Investments       
  (Cost - $745,548,604) - 120.1%      702,172,779 
  Short-Term Securities       
  BlackRock Liquidity Funds, TempFund, Institutional     
  Class, 0.16% (l)(m)    31,790,916  31,790,916 
  Total Short-Term Securities       
  (Cost - $31,790,916) - 5.4%      31,790,916 
  Options Purchased    Contracts   
Over-the-Counter Call  Marsico Parent Superholdco LLC, Strike Price USD 942.86,     
Options  Expires 12/21/19, Broker, Goldman Sachs & Co.  46  46,000 
  Total Options Purchased       
  (Cost - $44,978) - 0.0%      46,000 
  Total Investments       
  (Cost - $777,384,498*) - 125.5%      734,009,695 
  Liabilities in Excess of Other Assets - (25.5)%  (149,359,045) 
  Net Assets - 100.0%    $ 584,650,650 

* The cost and unrealized appreciation (depreciation) of investments as of November 30, 2009, as computed
for federal income tax purposes, were as follows:

Aggregate cost  $ 777,921,911 
Gross unrealized appreciation  $ 15,244,781 
Gross unrealized depreciation  (59,156,997) 
Net unrealized depreciation  $ (43,912,216) 

(a) Variable rate security. Rate shown is as of report date.
(b) Non-income producing security.
(c) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in
transactions exempt from registration to qualified institutional investors.

(d) Convertible security.
(e) Represents a payment-in-kind security which may pay interest/dividends in additional par/shares.
(f) Issuer filed for bankruptcy and/or is in default of interest payments.
(g) Other interests represent beneficial interest in liquidation trusts and other reorganization entities and are non-
income producing.

17

BlackRock Limited Duration Income Trust (BLW)

Schedule of Investments November 30, 2009 (Unaudited)

(h) Security is perpetual in nature and has no stated maturity date.
(i) Represents or includes a "to-be-announced" transaction. The Trust has committed to purchasing (selling) securities
for which all specific information is not available at this time.

    Unrealized 
Counterparty  Value  Appreciation 
Goldman Sachs & Co.  $ 128,524,748  $ 1,039,904 

(j) All or a portion of security has been pledged as collateral for financial futures contracts.
(k) Warrants entitle the Trust to purchase a predetermined number of shares of common stock and are non-income
producing. The purchase price and number of shares are subject to adjustment under certain conditions until the
expiration date.

(l) Investments in companies considered to be an affiliate of the Trust, for purposes of Section 2(a)(3) of the
Investment Company Act of 1940, were as follows:

Affiliate         Net Activity  Income 
BlackRock Liquidity Funds, TempFund,       
Institutional Class  USD  (64,880,650)  $ 33,890 

(m) Represents the current yield as of report date.
• For Trust compliance purposes, the Trust's industry classifications refer to any one or more of the industry
sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and /or
as defined by Trust management. This definition may not apply for purposes of this report, which may
combine industry sub-classifications for reporting ease.

• Currency Abbreviations:

   EUR     Euro           
   GBP     British Pound           
   USD     US Dollar           
• Foreign currency exchange contracts as of November 30, 2009 were as follows:   
   Currency          Unrealized 
   Purchased       Currency Sold  Counterparty  Settlement Date  Depreciation 
   EUR  18,598,500  USD  27,686,417  Citibank NA  1/20/10  $ (235,108) 
   GBP    6,292,000  USD  10,289,176  Citibank NA  1/27/10  (57,773) 
   Total              $ (292,881) 
• Financial futures contracts purchased as of November 30, 2009 were as follows:   
              Unrealized 
Contracts       Issue    Expiration Date  Face Value  Appreciation 
  47  5-Year U.S. Treasury Bond  March 2010  $ 5,464,220  $ 47,264 

• Credit default swaps on single-name issues - buy protection outstanding as of November 30, 2009 were as
follows:

            Unrealized 
  Pay Fixed      Notional Amount  Appreciation 
Issuer  Rate  Counterparty  Expiration    (000)  (Depreciation) 
K Hovnanian             
Enterprises, Inc.  5.00%  Goldman Sachs Bank USA  December 2011  USD  800  $ (10,719) 
Ford Motor Co.  5.00%  Deutsche Bank AG  September 2014  USD  1,000  13,540 
Ford Motor Co.  5.00%  Deutsche Bank AG  September 2014  USD  1,300  (1,000) 
Total            $ 1,821 

• Currency Abbreviations:

EUR  Euro 
GBP  British Pound 
USD  US Dollar 

18

BlackRock Limited Duration Income Trust (BLW)

Schedule of Investments November 30, 2009

Ÿ Fair Value Measurements - Various inputs are used in determining the fair value of investments, which are as
follows:

Ÿ Level 1 - price quotations in active markets/exchanges for identical assets and liabilities
Ÿ Level 2 - other observable inputs (including, but not limited to: quoted prices for similar assets or
liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in
markets that are not active, inputs other than quoted prices that are observable for the assets or
liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit
risks and default rates) or other market-corroborated inputs)

Ÿ Level 3 - unobservable inputs based on the best information available in the circumstances, to the
extent observable inputs are not available (including the Trust's own assumptions used in determining
the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with
investing in those securities. For information about the Trust's policy regarding valuation of investments and
other significant accounting policies, please refer to the Trust's most recent financial statements as contained in
its annual report.

The following table summarizes the inputs used as of November 30, 2009 in determining the fair valuation of the
Trust's investments:

Valuation  Investments in 
     Inputs  Securities 
  Assets 
Level 1   
   Long-Term Investments:   
       Common Stocks  $ 796,419 
   Short Term Securities  31,790,916 
Total Level 1  32,587,335 
Level 2   
   Long-Term Investments:   
       Asset Backed Securities  9,380,137 
       Common Stocks  11,090 
       Corporate Bonds  211,925,137 
       Floating Rate Loan Interests  201,691,768 
       Foreign Agency Obligations  11,620,205 
       Preferred Stocks  39,825 
       U.S. Government Sponsored Agency   
       Obligations  152,387,887 
       U.S. Government Obligations   
       U.S. Treasury Obligations  2,007,844 
       Warrants  303,373 
Total Level 2  589,367,266 
Level 3   
   Long-Term Investments:   
       Asset Backed Securities  3,114,016 
       Common Stocks  86,455 
       Corporate Bonds  6,747,642 
       Floating Rate Loan Interests  96,925,575 
       Other Interests  5,135,406 
Total Level 3  112,009,094 
Total  $ 733,963,695 

19

BlackRock Limited Duration Income Trust (BLW)

Schedule of Investments November 30, 2009

Valuation     
Inputs  Other Financial Instruments1 
  Assets  Liabilities 
Level 1  $ 47,264  - 
Level 2  59,540  $ (304,600) 
Level 3  -  (110,270) 
Total  $ 106,804  $ (414,870) 

1 Other financial instruments are swaps, financial futures contracts, options
purchased, unfunded loan commitments and foreign currency exchange
contracts. Swaps, financial futures contracts, unfunded loan commitments and
foreign currency exchange contracts are valued at the unrealized
appreciation/depreciation on the instrument and options purchased are shown
at market value.

20

BlackRock Limited Duration Income Trust (BLW)

Schedule of Investments November 30, 2009 (Unaudited)
The following is a reconciliation of investments for unobservable inputs (Level 3) used in determining fair value:
Investments in Securities

  Asset-Backed  Common  Corporate  Floating Rate  Other   
  Securities  Stocks  Bonds  Loan Interests  Interests             Total 
Balance, as of             
August 31, 2009  $ 2,668,212  $ 81,956  $ 6,270,943  $ 83,910,390  $ 504,368  $ 93,435,869 
Accrued             
discounts/premiums  -  -  -  -  -  - 
Realized gain             
(loss)  -  -  (510)  (7,520,932)  -  (7,521,442) 
Change in unrealized             
appreciation/             
depreciation2  (114,187)  4,499  2,499,896  18,824,817  681,081  21,896,106 
Net purchases             
(sales)  -  -  (1,076,882)  (11,399,986)  -  (12,476,868) 
Net transfers in/out             
of Level 3  559,991  -  (945,805)  13,111,286  3,949,957  16,675,429 
Balance, as of             
November 30, 2009  $ 3,114,016  $ 86,455  $ 6,747,642  $ 96,925,575  $ 5,135,406  $ 112,009,094 

2 The change in unrealized appreciation/depreciation on securities still held as of November 30, 2009 was
$14,316,055.

The following is a reconciliation of other financial instruments for unobservable inputs
(Level 3) used in determining fair value:

  Other Financial 
  Instruments3 
  Liabilities 
Balance, as of August 31, 2009  $ 63,812 
Accrued discounts/premiums  - 
Realized gain (loss)  - 
Change in unrealized appreciation   
(depreciation)  - 
Net purchases (sales)  - 
Net transfers in/out of Level 3  (174,082) 
Balance, as of November 30, 2009  $ (110,270) 

3Other financial instruments are unfunded loan commitments.

21

Item 2 – Controls and Procedures

2(a) – The registrant's principal executive and principal financial officers or persons performing similar functions have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13(a)-15(b) under the Securities Exchange Act of 1934, as amended.

2(b) – There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.

Item 3 – Exhibits

Certifications – Attached hereto

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment
Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.

BlackRock Limited Duration Income Trust

By: /s/ Anne F. Ackerley
Anne F. Ackerley
Chief Executive Officer of
BlackRock Limited Duration Income Trust

Date: January 22, 2010

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment
Company Act of 1940, this report has been signed below by the following persons on behalf
of the registrant and in the capacities and on the dates indicated.

By: /s/ Anne F. Ackerley
Anne F. Ackerley
Chief Executive Officer (principal executive officer) of
BlackRock Limited Duration Income Trust

Date: January 22, 2010

By: /s/ Neal J. Andrews
Neal J. Andrews
Chief Financial Officer (principal financial officer) of
BlackRock Limited Duration Income Trust

Date: January 22, 2010