Edgar Filing: BLACKROCK LTD DURATION INCOME TRUST

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number:__811-21349______

BlackRock Limited Duration Income Trust

(Exact name of registrant as specified in charter)

100 Bellevue Parkway, Wilmington, DE		19809
(Address of principal executive offices)		(Zip code)

Robert S. Kapito, President
BlackRock Limited Duration Income Trust
40 East 52nd Street, New York, NY 10022

(Name and address of agent for service)

Registrant's telephone number, including area code:_888-825-2257__________________

Date of fiscal year end:___October 31, 2007
Date of reporting period:__January 31, 2007

Item 1. Schedule of Investments.

The Registrant’s unaudited schedule of investments as of the close of the reporting period pursuant to Rule 30b1-5 under the Investment Company Act of 1940 is as follows:

PORTFOLIO OF INVESTMENTS (unaudited)
JANUARY 31, 2007
BlackRock Limited Duration Income Trust (BLW)
(Percentage of Net Assets)

	Principal
	Amount
Rating¹	(000)			Description	Value
				LONG-TERM INVESTMENTS—145.2%
				Corporate Bonds—61.9%
				Aerospace & Defense—1.5%
NR	$	1,560	^2,3	AAR Corp., Ser. A2, 8.39%, 5/15/11	$	1,575,600
B		680		Argo-Tech Corp., 9.25%, 6/01/11		736,100
BB		745	³	Bombardier, Inc., 8.00%, 11/15/14 (Canada)		772,938
B		5,676		DI Finance/DynCorp Intl., Ser. B, 9.50%, 2/15/13		5,959,800
				DRS Technologies, Inc.,
B		330		6.875%, 11/01/13		326,700
B		310		7.625%, 2/01/18		315,425
BB		755		Sequa Corp., 9.00%, 8/01/09		800,300
				Total Aerospace & Defense		10,486,863
				Automotive—2.6%
				AutoNation, Inc.,
BB+		690		7.00%, 4/15/14		693,450
BB+		690	⁴	7.36%, 4/15/13		695,175
BB-		130	^3,4	Avis Budget Car Rental LLC/Avis Budget Finance, Inc., 7.874%, 5/15/14		129,025
BBB+		7,500	⁵	DaimlerChrysler NA Holding Corp., 4.05%, 6/04/08		7,344,675
B-		2,225		Lear Corp., Ser. B, 8.75%, 12/01/16		2,219,438
B3		1,000	⁵	Metaldyne Corp., 11.00%, 11/01/13		1,000,000
B1		3,500		Sonic Automotive, Inc., Ser. B, 8.625%, 8/15/13		3,640,000
BB-		2,629		TRW Automotive, Inc., 9.375%, 2/15/13		2,813,030
				Total Automotive		18,534,792
				Basic Materials—4.8%
B+		1,905		Abitibi-Consolidated, Inc., 6.00%, 6/20/13 (Canada)		1,662,113
B+		2,200		AK Steel Corp., 7.75%, 6/15/12		2,227,500
B		1,100	³	American Pacific Corp., 9.00%, 2/01/15		1,100,000
B+		670	⁴	Bowater, Inc., 8.36%, 3/15/10		676,700
BB+		120		Chemtura Corp., 6.875%, 6/01/16		116,400
B-		750		CPG Intl. I, Inc., 10.50%, 7/01/13		781,875
				Domtar, Inc. (Canada)
B+		300		7.125%, 8/15/15		296,250
B+		140		7.875%, 10/15/11		145,950
B+		740		Donohue Forest Products, 7.625%, 5/15/07 (Canada)		740,000
				Huntsman LLC,
BB-		1,950		11.625%, 10/15/10		2,125,500
B		310		12.00%, 7/15/12		351,850
				Ineos Group Holdings Plc (United Kingdom)
B+		1,490		7.875%, 2/07/16 (EUR)		1,830,326
B+		2,885	³	8.50%, 2/15/16		2,762,387
B3		2,225		Innophos, Inc., 8.875%, 8/15/14		2,297,312
				Lyondell Chemical Co.,
BB-		1,100		8.00%, 9/15/14		1,144,000
BB-		1,835		8.25%, 9/15/16		1,945,100
BB+		560		10.50%, 6/01/13		618,100
BB+		3,020		11.125%, 7/15/12		3,250,275
BB		765		Millennium America, Inc., 9.25%, 6/15/08		794,644
B-		215		Nalco Co., 8.875%, 11/15/13		228,169
				NewPage Corp.,
B2		810		10.00%, 5/01/12		882,900
B2		1,500	^4,5	11.61%, 5/01/12		1,642,500
B3		300		12.00%, 5/01/13		327,000
				Nova Chemicals Corp. (Canada)
BB-		200		6.50%, 1/15/12		189,000
BB-		2,690	⁴	8.502%, 11/15/13		2,676,550
CCC+		2,020	³	Pregis Corp., 12.375%, 10/15/13		2,222,000
B+		81		Rhodia S.A., 10.25%, 6/01/10 (France)		92,340
BB-		730	³	Terra Capital, Inc., 7.00%, 2/01/17		719,963

BlackRock Limited Duration Income Trust (BLW) (continued)
(Percentage of Net Assets)

	Principal
	Amount
Rating¹	(000)			Description	Value
				Basic Materials—(cont'd)
B-	$	60	³	Verso Paper Holdings LLC/Verson Paper, Inc., 11.375%, 8/01/16	$	63,600
				Total Basic Materials		33,910,304
				Building & Development—0.9%
BBB-		3,000	⁵	DR Horton, Inc., 5.875%, 7/01/13		2,970,336
				Goodman Global Holding Co., Inc.,
B-		2,000		7.875%, 12/15/12		2,010,000
B1		269	⁵	8.36%, 6/15/12		272,363
B3		890		Nortek, Inc., 8.50%, 9/01/14		885,550
B3		270		North American Energy Partners, Inc., 8.75%, 12/01/11 (Canada)		270,000
				Total Building & Development		6,408,249
				Business Equipment & Services—0.1%
Ba2		350	³	FTI Consulting, Inc., 7.75%, 10/01/16		361,375
				Commercial Services—0.4%
B2		1,050		Education Management LLC/Education Management Corp., 8.75%, 6/01/14		1,102,500
B-		750	^3,4	NCO Group, Inc., 10.244%, 11/15/13		750,000
B+		875	³	Quebecor World, Inc., 9.75%, 1/15/15 (Canada)		913,281
				Total Commercial Services		2,765,781
				Conglomerates—1.1%
Baa3		7,500	⁵	Tyco Intl. Group S.A., 6.125%, 11/01/08 (Luxembourg)		7,583,430
				Consumer Products—4.6%
B3		300		ALH Finance LLC, 8.50%, 1/15/13		300,750
CCC+		2,085	⁴	Ames True Temper, Inc., 9.36%, 1/15/12		2,126,700
B-		1,108		Finlay Fine Jewelry Corp., 8.375%, 6/01/12		1,052,600
Ba3		5,000	⁵	Group 1 Automotive, Inc., 8.25%, 8/15/13		5,150,000
BBB		4,400	⁵	JC Penney Co., Inc., 8.00%, 3/01/10		4,690,981
B-		1,505		Lazy Days RV Center, Inc., 11.75%, 5/15/12		1,463,612
B		2,075	⁴	Levi Strauss & Co., 10.11%, 4/01/12		2,126,875
				Michaels Stores, Inc.,
B2		2,210	³	10.00%, 11/01/14		2,348,125
Caa1		2,496	³	11.375%, 11/01/16		2,682,931
B2		223		Neiman-Marcus Group, Inc., 9.00%, 10/15/15		244,185
B3		210	^3,4	Nutro Products, Inc., 9.40%, 10/15/13		216,825
BB-		600		Quiksilver, Inc., 6.875%, 4/15/15		586,500
BB+		1,000		Reynolds American, Inc., 7.625%, 6/01/16		1,057,971
B+		5,000	⁵	Rite Aid Corp., 8.125%, 5/01/10		5,112,500
CCC		1,345		Spectrum Brands, Inc., 7.375%, 2/01/15		1,173,512
B		2,450		United Rentals NA, Inc., 7.00%, 2/15/14		2,407,125
				Total Consumer Products		32,741,192
				Containers & Packaging—1.0%
				Berry Plastics Holding Corp.,
B2		1,210	³	8.875%, 9/15/14		1,249,325
B2		835	^3,4	9.235%, 9/15/14		857,962
B+		885		Crown Americas LLC/Crown Americas Capital Corp., 7.75%, 11/15/15		915,975
CCC+		585		Graham Packaging Co., Inc., 8.50%, 10/15/12		593,775
B1		1,370	^3,4	Impress Holdings BV, 8.585%, 9/15/13 (Netherlands)		1,373,028
B+		2,114		Smurfit-Stone Container Enterprises, Inc., 9.75%, 2/01/11		2,182,705
				Total Containers & Packaging		7,172,770
				Ecological Services & Equipment—0.6%
B		2,000		Casella Waste Systems, Inc., 9.75%, 2/01/13		2,100,000
Caa1		2,065		Waste Services, Inc., 9.50%, 4/15/14		2,147,600
				Total Ecological Services & Equipment		4,247,600
				Energy—7.3%
BB+		5,500	^3,5	AES Corp., 8.75%, 5/15/13		5,864,375
				ANR Pipeline Co.,
B+		460		7.375%, 2/15/24		517,642
B+		980		9.625%, 11/01/21		1,303,930
B		550		Berry Petroleum Co., 8.25%, 11/01/16		541,750
CCC+		1,210		Chaparral Energy, Inc., 8.50%, 12/01/15		1,194,875

BlackRock Limited Duration Income Trust (BLW) (continued)
(Percentage of Net Assets)

	Principal
	Amount
Rating¹	(000)			Description	Value
				Energy—(cont'd)
				Chesapeake Energy Corp.,
BB	$	650		6.375%, 6/15/15	$	630,500
BB		100		6.875%, 11/15/20		96,000
BB		4,000	⁵	7.50%, 9/15/13		4,100,000
BB-		200		ChipPAC, Inc., 2.50%, 6/01/08		213,500
Ba3		150		CMS Energy Corp., 7.50%, 1/15/09		153,750
Ba3		255		Compagnie Generale de Geophysique S.A., 7.50%, 5/15/15 (France)		255,638
B		925		Compton Petroleum Finance Corp., 7.625%, 12/01/13 (Canada)		883,375
CCC+		1,640	²	East Cameron Gas Co., 11.25%, 7/09/19 (Cayman Islands)		1,574,400
BB-		590		Edison Mission Energy, 7.50%, 6/15/13		612,125
				El Paso Corp.,
B2		400		7.80%, 8/01/31		427,000
B2		525		9.625%, 5/15/12		594,563
B2		225		10.75%, 10/01/10		254,250
Ba1		400		El Paso Natural Gas Co., 8.875%, 6/15/32		480,307
Ba1		161		Elwood Energy LLC, 8.159%, 7/05/26		170,118
				Encore Acquisition Co.,
B		250		6.00%, 7/15/15		225,000
B		200		7.25%, 12/01/17		190,000
B-		495		Exco Resources, Inc., 7.25%, 1/15/11		502,425
BB+		380	⁵	Grant Prideco, Inc., Ser. B, 6.125%, 8/15/15		363,850
B		2,434	³	Hilcorp Energy I LP/Hilcorp Finance Corp., 10.50%, 9/01/10		2,607,422
B-		895		KCS Energy, Inc., 7.125%, 4/01/12		854,725
Ba2		4,324	⁵	Midwest Generation LLC, Ser. B, 8.56%, 1/02/16		4,756,692
				Mirant Americas Generation LLC,
Caa1		625		8.30%, 5/01/11		637,500
Caa1		480		8.50%, 10/01/21		487,200
Caa1		295		9.125%, 5/01/31		314,913
BB-		500		Mission Energy Holdings Co., 13.50%, 7/15/08		548,125
				NRG Energy, Inc.,
B+		210		7.25%, 2/01/14		210,525
B+		1,185		7.375%, 2/01/16		1,186,481
BB		1,990	³	OPTI, Inc., 8.25%, 12/15/14 (Canada)		2,079,550
B2		580		Orion Power Holdings, Inc., 12.00%, 5/01/10		665,550
				Reliant Energy, Inc.,
B		1,035		6.75%, 12/15/14		1,019,475
B		170		9.25%, 7/15/10		178,500
BB		1,515	³	Sabine Pass LNG LP, 7.50%, 11/30/16		1,488,487
B+		1,240	³	SemGroup LP, 8.75%, 11/15/15		1,243,100
B3		1,890	^3,4	Stone Energy Corp., 8.11%, 7/15/10		1,887,637
B		5,000	⁵	Swift Energy Co., 9.375%, 5/01/12		5,250,000
B3		725	³	Targa Resources, Inc., 8.50%, 11/01/13		726,812
BBB-		100		Transcontinental Gas Pipe Line Corp., 7.25%, 12/01/26		105,000
B+		1,040		Utilicorp Finance Corp., 7.75%, 6/15/11 (Canada)		1,101,716
B1		1,550		Whiting Petroleum Corp., 7.25%, 5/01/12-5/01/13		1,538,375
				Williams Cos., Inc.,
BB+		1,000		7.125%, 9/01/11		1,037,500
BB+		635		8.75%, 3/15/32		722,313
				Total Energy		51,796,971
				Entertainment & Leisure—1.4%
				AMC Entertainment, Inc.,
B3		500		9.50%, 2/01/11		501,250
B3		505		11.00%, 2/01/16		570,650
B3		370		Cinemark, Inc., Zero Coupon, 3/15/14		326,525
CCC+		1,430	³	Greektown Holdings LLC, 10.75%, 12/01/13		1,530,100
B+		4,425	⁵	MGM Mirage, 9.75%, 6/01/07		4,474,781
B3		250		Poster Financial Group, Inc., 8.75%, 12/01/11		260,000
Caa1		2,090	³	TDS Investor, 9.875%, 9/01/14		2,184,050
BB-		100		Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 6.625%, 12/01/14		99,000
				Total Entertainment & Leisure		9,946,356

BlackRock Limited Duration Income Trust (BLW) (continued)
(Percentage of Net Assets)

	Principal
	Amount
Rating¹	(000)			Description	Value
				Financial Institutions—8.4%
				American Real Estate Partners LP/American Real Estate Finance Corp.,
BB+	$	1,480	⁵	7.125%, 2/15/13	$	1,465,200
BB+		5,860	⁵	8.125%, 6/01/11		6,021,150
B		1,733		BCP Crystal US Holdings Corp., 9.625%, 6/15/14 (Luxembourg)		1,914,965
BB		3,010		Crum & Forster Holdings Corp., 10.375%, 6/15/13		3,250,800
				Ford Motor Credit Co.,
BB-		2,800		7.375%, 2/01/11		2,765,465
BB-		940	⁴	8.11%, 1/13/12		943,863
BB-		60	⁴	9.81%, 4/15/12		65,049
BB+		2,735		General Motors Acceptance Corp., 6.875%, 8/28/12		2,779,553
CCC+		950	^3,4	iPayment, Inc., 9.75%, 5/15/14		978,500
NR		3,494		iPayment Investors LP, 11.625%, 7/15/14		3,528,683
B-		900		K&F Acquisition, Inc., 7.75%, 11/15/14		924,750
Baa1		5,000	^3,5	Kazkommerts Intl. BV, 10.125%, 5/08/07 (Netherlands)		5,045,000
BBB		200	⁴	Marsh & McLennan Cos., Inc., 5.50%, 7/13/07		200,009
				Momentive Performance Materials, Inc.,
B-		3,430	³	10.125%, 12/01/14		3,541,475
CCC+		1,125	³	11.50%, 12/01/16		1,136,250
B+		2,460	³	Nell AF SARL, 8.375%, 8/15/15 (Luxembourg)		2,539,950
				Rainbow National Services LLC,
B+		925	³	8.75%, 9/01/12		985,125
B+		4,835	^3,5	10.375%, 9/01/14		5,439,375
B-		1,915		Standard Aero Holdings, Inc., 8.25%, 9/01/14		1,943,725
AA+		5,509	⁶	Structured Asset Receivable Trust, 5.114%, 1/21/10		5,509,139
B-		220	⁴	Universal City Florida Holding Co. I/II, 10.11%, 5/01/10		227,150
Aa3		4,425	⁵	Western Financial Bank, 9.625%, 5/15/12		4,808,723
B3		2,930	³	Wimar Opco LLC/Wimar Opco Finance Corp., 9.625%, 12/15/14		2,911,688
				Total Financial Institutions		58,925,587
				Health Care—2.3%
B2		160	³	Angiotech Pharmaceuticals, Inc., 7.75%, 4/01/14 (Canada)		147,200
B-		5,000	⁵	Concentra Operating Corp., 9.50%, 8/15/10		5,262,500
				HealthSouth Corp.,
CCC+		2,460	³	10.75%, 6/15/16		2,702,925
CCC+		1,740	^3,4	11.354%, 6/15/14		1,911,825
B2		3,000		Norcross Safety Products LLC/Norcross Capital Corp., 9.875%, 8/15/11		3,195,000
B-		1,145		Tenet Healthcare Corp., 6.875%, 11/15/31		895,962
B-		1,830		Universal Hospital Services, Inc., 10.125%, 11/01/11		1,944,375
				Total Health Care		16,059,787
				Industrials—2.4%
B2		1,700	³	AGY Holding Corp., 11.00%, 11/15/14		1,753,125
B		500		Baldor Electric Co., 8.625%, 2/15/17		516,875
B-		4,000	⁵	Fasten Tech, Inc., 11.50%, 5/01/11		4,240,000
B		650		Hexcel Corp., 6.75%, 2/01/15		635,375
B-		905		Park-Ohio Industries, Inc., 8.375%, 11/15/14		871,063
CCC+		950		Polypore, Inc., 8.75%, 5/15/12		969,000
				RBS Global, Inc./Rexnord Corp.,
B3		2,000	³	9.50%, 8/01/14		2,070,000
CCC+		1,090	³	11.75%, 8/01/16		1,152,675
B-		3,125	³	Sunstate Equipment Co. LLC, 10.50%, 4/01/13		3,312,500
B3		1,415		Trimas Corp., 9.875%, 6/15/12		1,418,537
				Total Industrials		16,939,150
				Media—9.0%
				Affinion Group, Inc.,
B2		1,975		10.125%, 10/15/13		2,123,125
B-		850		11.50%, 10/15/15		913,750
Caa2		1,870		American Media Operations, Inc., Ser. B, 10.25%, 5/01/09		1,795,200
B+		800	⁴	Cablevision Systems Corp., Ser. B, 9.87%, 4/01/09		848,000
B2		520		CanWest MediaWorks, Inc., 8.00%, 9/15/12 (Canada)		539,500
B3		3,500		CBD Media, Inc., 8.625%, 6/01/11		3,605,000

BlackRock Limited Duration Income Trust (BLW) (continued)
(Percentage of Net Assets)

	Principal
	Amount
Rating¹	(000)			Description	Value
				Media—(cont'd)
				Charter Communications Holdings II LLC/Charter Communications Holdings II Capital Corp.,
CCC	$	2,255		10.25%, 9/15/10	$	2,342,381
CCC		865		Ser. B, 10.25%, 9/15/10		896,356
B3		2,425	³	CMP Susquehanna Corp., 9.875%, 5/15/14		2,485,625
BBB+		6,685	⁵	Comcast Cable Communications, Inc., 6.875%, 6/15/09		6,902,644
B		1,605		Dex Media West LLC/Dex Media Finance Co., Ser. B, 9.875%, 8/15/13		1,745,865
BB		500		DirecTV Holdings LLC/DirecTV Financing Co., 8.375%, 3/15/13		523,125
				Echostar DBS Corp.,
BB-		2,800		5.75%, 10/01/08		2,782,500
BB-		1,330		7.00%, 10/01/13		1,331,663
BB-		200		7.125%, 2/01/16		200,750
B+		2,525	³	Idearc, Inc., 8.00%, 11/15/16		2,569,187
CCC+		300	³	Iesy Repository GMBH, 10.375%, 2/15/15 (Germany)		297,000
B1		740		LIN Television Corp., 6.50%, 5/15/13		714,100
B		820		MediaNews Group, Inc., 6.875%, 10/01/13		746,200
B2		2,105		Network Communications, Inc., 10.75%, 12/01/13		2,170,781
B3		2,790		Nexstar Finance, Inc., 7.00%, 1/15/14		2,664,450
				Nielsen Finance LLC/Nielsen Finance Co.,
CCC+		1,400	³	Zero Coupon, 8/01/16		981,750
B3		4,340	^3,5	10.00%, 8/01/14		4,730,600
B1		2,000	^3,4	Paxson Communications Corp., 8.61%, 1/15/12		2,060,000
				Primedia, Inc.,
B2		1,900		8.00%, 5/15/13		1,828,750
B2		520		8.875%, 5/15/11		527,800
B		4,260	⁵	RH Donnelley Corp., Ser. A-3, 8.875%, 1/15/16		4,462,350
B2		2,000		Salem Communications Corp., 7.75%, 12/15/10		2,032,500
B		460		Sinclair Broadcast Group, Inc., 4.875%, 7/15/18		427,800
Caa1		260		Sirius Satellite Radio, Inc., 9.625%, 8/01/13		258,700
				Vertis, Inc.,
B1		2,390		9.75%, 4/01/09		2,446,763
Caa1		865		Ser. B, 10.875%, 6/15/09		877,975
Caa1		4,442		Young Broadcasting, Inc., 10.00%, 3/01/11		4,375,370
				Total Media		63,207,560
				Real Estate—0.3%
BB+		2,000	⁵	Rouse Co., 5.375%, 11/26/13		1,866,740
				Technology—4.1%
BB-		200		Advanced Micro Devices, Inc., 7.75%, 11/01/12		204,500
CCC+		2,063		Amkor Technology, Inc., 7.75%, 5/15/13		1,944,377
B+		1,965		Celestica, Inc., 7.625%, 7/01/13 (Canada)		1,869,206
B+		720	^3,4	Conexant Systems, Inc., 9.126%, 11/15/10		736,200
				Freescale Semiconductor, Inc.,
B		5,460	³	9.125%, 12/15/14		5,425,875
B1		600	^3,4	9.244%, 12/15/14		597,000
B		865	³	10.125%, 12/15/16		860,675
B+		430	³	Hynix Semiconductor, Inc., 9.875%, 7/01/12 (South Korea)		477,300
B+		2,700	³	NXP BV/NXP Funding LLC, 9.50%, 10/15/15 (Netherlands)		2,791,125
CCC+		160	³	Open Solutions, Inc., 9.75%, 2/01/15		163,800
B		850		Sanmina-SCI Corp., 8.125%, 3/01/16		809,625
B-		815	³	Sensata Technologies BV, 8.00%, 5/01/14 (Netherlands)		800,738
				SunGard Data Systems, Inc.,
B-		590		9.125%, 8/15/13		620,975
B-		1,810	⁴	9.973%, 8/15/13		1,886,925
B-		2,600		10.25%, 8/15/15		2,795,000
B		3,765		Superior Essex Communications LLC/Essex Group, Inc., 9.00%, 4/15/12		3,849,712
Caa1		872	³	UGS Capital Corp. II, 10.38%, 6/01/11		889,319
B3		1,780		UGS Corp., 10.00%, 6/01/12		1,949,100
				Total Technology		28,671,452
				Telecommunications—8.1%
BB-		1,420		Cincinnati Bell, Inc., 7.25%, 7/15/13		1,476,800
CCC		1,830	³	Cricket Communications, Inc., 9.375%, 11/01/14		1,932,937
A-		5,000	⁵	Deutsche Telekom Intl. Finance BV, 8.00%, 6/15/10 (Netherlands)		5,385,630

BlackRock Limited Duration Income Trust (BLW) (continued)
(Percentage of Net Assets)

	Principal
	Amount
Rating¹	(000)			Description	Value
				Telecommunications—(cont'd)
B3	$	860	⁴	Hawaiian Telcom Communications, Inc., Ser. B, 10.889%, 5/01/13	$	883,650
				Intelsat Ltd. (Bermuda)
B		700	^3,4	8.872%, 1/15/15		712,075
BB-		1,800	³	9.25%, 6/15/16		1,975,500
B		630	³	11.25%, 6/15/16		711,900
B		2,815	^3,4	11.354%, 6/15/13		3,005,012
				Intelsat Subsidiary Holding Co. Ltd. (Bermuda)
BB-		1,470		8.625%, 1/15/15		1,563,713
BB-		815	⁴	10.252%, 1/15/12		823,150
				Lucent Technologies, Inc.,
Ba3		65		6.45%, 3/15/29		59,150
Ba3		1,210		6.50%, 1/15/28		1,101,100
B+		3,850	³	Nordic Telephone Co. Holdings ApS, 8.875%, 5/01/16 (Denmark)		4,138,750
B-		200		Nortel Networks Corp., 6.875%, 9/01/23 (Canada)		176,000
				Nortel Networks Ltd. (Canada)
B-		2,220	^3,4	9.61%, 7/15/11		2,358,750
B-		465	³	10.125%, 7/15/13		509,175
				PanAmSat Corp.,
B		3,517		9.00%, 8/15/14		3,789,567
B		2,495	³	9.00%, 6/15/16		2,716,431
NR		3,170	^3,4	ProtoStar I Ltd., 12.50%, 10/15/12 (Bermuda)		3,265,100
BB+		4,000	^4,5	Qwest Communications Intl., Inc., 8.874%, 2/15/09		4,050,000
				Qwest Corp.,
BBB-		1,000		7.875%, 9/01/11		1,062,500
BBB-		2,500	⁴	8.61%, 6/15/13		2,725,000
BBB-		3,675	⁵	9.125%, 3/15/12		4,079,250
BB+		460		Rogers Wireless, Inc., 7.25%, 12/15/12 (Canada)		484,150
B-		2,695	^3,5	West Corp., 11.00%, 10/15/16		2,789,325
BB		1,500	³	Wind Acquisition Finance S.A., 10.75%, 12/01/15 (Luxembourg)		1,728,750
				Windstream Corp.,
BB+		2,340	⁵	8.125%, 8/01/13		2,518,425
BB+		1,310		8.625%, 8/01/16		1,429,538
				Total Telecommunications		57,451,328
				Transportation—1.0%
BB-		520		American Airlines, Inc., Ser. 99-1, 7.324%, 4/15/11		528,450
B-		490	³	Britannia Bulk Plc, 11.00%, 12/01/11 (United Kingdom)		465,500
B1		1,715		CHC Helicopter Corp., 7.375%, 5/01/14 (Canada)		1,669,981
B3		111		Horizon Lines LLC, 9.00%, 11/01/12		116,828
B		2,150	³	Navios Maritime Holdings, Inc., 9.50%, 12/15/14 (Marshall Islands)		2,187,625
BB+		1,650	⁵	Overseas Shipholding Group, Inc., 8.75%, 12/01/13		1,806,750
				Total Transportation		6,775,134
				Total Corporate Bonds		435,852,422
				Bank Loans—52.8%
				Aerospace & Defense—0.7%
		973		Arinc, Inc., Loan B, LIBOR + 2.00%, 2/15/11		974,931
		842		Camp Acquisition Co., Loan A, LIBOR + 3.00%, 8/30/11		842,370
		1,965		DI Finance/DynCorp Intl., Loan B, LIBOR + 2.25%, 1/31/11		1,977,281
				Primus Intl., Inc.,
		30		Loan B, + 0.50%, 6/16/12		29,836
		471		Loan B, LIBOR + 2.50%, 6/16/12		472,665
		500		Wesco Aircraft Hardware Corp., LIBOR + 2.25%, 9/29/13		503,437
				Total Aerospace & Defense		4,800,520
				Automotive—3.3%
		2,000		General Motors Corp., Loan B, LIBOR + 2.375%, 11/17/13		2,021,750
				Goodyear Tire & Rubber Co.,
		500		LIBOR + 2.75%, 4/01/10		505,104
		2,000		LIBOR + 3.50%, 4/01/11		2,025,000
		743		IAP Worldwide Services, Inc., LIBOR + 4.25%, 12/31/12		741,108
		1,500		Keystone Automotive Industries, Inc., Loan B, LIBOR, 1/15/12		1,502,813
		449		Lear Corp., LIBOR + 2.50%, 3/23/12		452,669
		995		Mark IV Industries, Inc., LIBOR + 2.50%, 6/30/11		995,933

BlackRock Limited Duration Income Trust (BLW) (continued)
(Percentage of Net Assets)

Principal
Amount
(000)		Description	Value
		Automotive—(cont'd)
		Metaldyne Corp.,
$	41	0.50%, 1/15/14	$	41,121
	98	LIBOR + 4.50%, 1/15/12		98,690
	711	LIBOR, 1/15/14		715,502
	500	Motorsport Aftermarket Group, Inc., LIBOR, 11/15/13		500,000
	3,750	Navistar Intl. Corp., TBD, 1/30/12		3,814,455
	2,500	Oshkosh Truck Corp., Loan B, LIBOR + 2.00%, 11/30/13		2,513,170
	997	Rent-A-Center, Inc., Loan B, LIBOR + 1.75%, 6/30/12		999,364
		Reynolds & Reynolds Co.,
	2,000	LIBOR + 2.50%, 10/31/12		2,015,358
	1,250	LIBOR + 5.50%, 10/31/13		1,271,094
	517	Tenneco Automotive, Inc., Loan B1, LIBOR + 2.00%, 12/12/10		519,508
	2,450	TRW Automotive Acquisitions Corp., Loan B, LIBOR + 1.50%, 6/30/12		2,446,555
		Total Automotive		23,179,194
		Basic Materials—4.2%
		Basell N.V.,
	417	Loan B2, LIBOR + 2.25%, 9/30/13		420,443
	83	Loan B4, LIBOR + 2.25%, 8/01/14		84,115
	83	Loan C4, LIBOR + 3.00%, 8/01/13		84,089
	417	Loan C2, LIBOR + 3.00%, 9/30/14		420,573
	810	Boise Cascade Corp., Loan D, LIBOR + 1.75%, 10/31/11		813,921
	500	Brenntag Group, Loan B6, LIBOR + 2.25%, 9/15/14 (EUR)		659,355
	2,040	Celanese AG, LIBOR + 1.75%, 6/03/11		2,054,078
	3,000	Cognis Deutschland, Loan B, LIBOR + 4.75%, 11/15/13		3,054,642
	876	Compass Minerals Group, Inc., LIBOR + 1.50%, 12/31/12		878,001
	3,209	Huntsman Intl. LLC, Loan B, LIBOR + 1.75%, 8/15/12		3,224,764
		Ineos Group Holdings Plc,
	1,500	Loan A4, LIBOR + 2.25%, 12/16/12		1,506,375
	1,565	Loan B2, LIBOR + 2.25%, 12/16/13		1,582,281
	1,750	Loan C2, LIBOR + 2.75%, 12/16/14		1,769,323
		Invista BV,
	1,293	Loan B1, LIBOR + 1.50%, 4/30/11		1,294,821
	685	Loan B2, LIBOR + 1.50%, 4/30/11		685,494
	694	ISP Chemco, Inc., LIBOR + 2.00%, 2/28/13		698,775
	1,242	John Maneely Co., Loan B, LIBOR + 3.25%, 12/15/13		1,244,081
	2,104	Nalco Co., Loan B, LIBOR + 1.75%, 11/01/10		2,116,597
	491	PQ Corp., LIBOR + 2.00%, 2/28/12		492,887
	985	Rockwood Specialties Group, Inc., Loan E, LIBOR + 2.00%, 8/15/12		990,725
	1,611	SP Newsprint, Loan B, LIBOR + 2.25%, 1/09/10		1,615,139
		UPC Technology Corp.,
	663	Loan J, LIBOR, 12/31/13 (EUR)		868,185
	1,000	Loan J2, LIBOR + 2.00%, 3/31/13		1,002,955
	750	Loan K, LIBOR, 3/31/13 (EUR)		982,647
	1,000	Loan K2, LIBOR + 2.00%, 12/31/13		1,002,955
		Total Basic Materials		29,547,221
		Building & Development—1.5%
	499	Armstrong World Industries, Inc., LIBOR + 1.75%, 10/12/13		500,122
	1,247	Beacon Roofing Supply, Inc., Loan B, LIBOR + 2.00%, 10/31/13		1,249,992
	1,500	Custom Building Products, Inc., LIBOR + 5.00%, 4/30/12		1,486,250
	250	Euramax Intl., Inc., LIBOR + 7.00% , 7/15/13		245,625
	1,500	Harmon Koval, 4.00%, 11/18/07		1,496,250
	423	Maxim Crane Works LP, LIBOR + 2.00%, 1/28/10		422,989
	498	Nacco Industries, Inc., LIBOR + 2.00%, 3/31/13		498,122
	489	Nortek, Inc., Loan B, LIBOR + 3.00%, 8/24/11		488,994
	1,489	Ply Gem Industries, Inc., LIBOR + 3.00% , 8/15/11		1,503,637
	875	Rhodes Ranch, LIBOR + 3.25%, 11/15/10		869,531
	1,980	United Subcontractors, Inc., LIBOR + 2.75%, 12/31/12		1,931,737
		Total Building & Development		10,693,249
		Conglomerates—1.6%
		Atlantis Plastics, Inc.,
	985	LIBOR + 4.00%, 9/30/11		977,612
	498	LIBOR + 9.00%, 9/30/11		490,038
	897	Blount Intl., Loan B, LIBOR + 1.75%, 8/15/10		898,312

BlackRock Limited Duration Income Trust (BLW) (continued)
(Percentage of Net Assets)

Principal
Amount
(000)			Description	Value
			Conglomerates—(cont'd)
$	1,961		Colfax Corp., Loan B, LIBOR + 2.25%, 11/30/11	$	1,972,838
	419		GenTek, Inc., LIBOR + 4.25%, 3/15/12		420,088
			Invensys Plc,
	1,000		Loan A, LIBOR + 2.00%, 12/15/10		1,006,250
	1,000		Loan B, LIBOR + 2.13%, 12/15/10 (GBP)		1,967,154
			Jarden Corp.,
	259		LIBOR + 1.75%, 1/24/12		259,158
	462		Loan B3, LIBOR + 1.75%, 1/15/12		462,128
	754		Mueller Group, Inc., Loan B, LIBOR + 2.00%, 9/30/12		758,041
	1,345		Sensus Metering Systems, Inc., Loan B1, LIBOR + 2.00%, 12/30/09		1,337,896
	722		St. John Knits Intl., Inc., Loan B, LIBOR + 4.25%, 3/30/12		716,675
			Total Conglomerates		11,266,190
			Consumer Products—8.7%
	993		24 Hour Fitness Worldwide, Inc., Loan B, LIBOR + 2.50%, 6/30/12		997,463
	1,000		Aearo Technologies, Inc., LIBOR + 6.50%, 9/30/13		1,011,250
	750		American Safety Razor Co., LIBOR + 6.25%, 2/15/14		759,375
	3,000		Aramark Corp., TBD, 1/30/14		3,031,875
	451		Arby's Restaurant Group, Inc., Loan B, LIBOR + 2.25%, 7/31/12		455,320
	472		Bare Escentuals Beauty, Inc., LIBOR + 2.50%, 2/15/12		474,248
			Berkline Bench Craft,
	94	⁷	Loan B, PRIME + 2.75%, 10/31/11		61,117
	1,000	⁷	PRIME + 7.00%, 4/30/12		100,000
	1,250		Brickman Group Ltd., TBD, 1/30/14		1,253,125
	1,327		Burger King Corp., Loan B1, LIBOR + 1.50%, 2/28/13		1,327,509
	1,024		Burlington Coat Factory Warehouse Corp., Loan B, LIBOR + 2.25%, 4/15/13		1,014,934
	494		Centerplate, Inc., LIBOR + 3.25%, 10/15/10		494,660
	1,098		Central Garden & Pet Co., Loan B, LIBOR + 1.50%, 9/30/12		1,097,722
	995		Cenveo Corp., LIBOR + 2.00%, 6/30/13		997,488
	493		Chiquita Brands Intl., Inc., Loan C, LIBOR + 3.00%, 7/15/13		499,272
	995		Coinmach Corp., Loan B-1, LIBOR + 2.50% , 12/15/12		1,004,057
	1,613		Commonwealth Brands, Inc., LIBOR + 2.25%, 12/15/12		1,628,795
	2,221		Cracker Barrel, Loan B, LIBOR + 1.50%, 5/15/13		2,223,073
	1,000		David's Bridal, Inc., TBD, 1/30/14		998,750
			Dole Food Co., Inc.,
	1,046		Loan C, TBD, 4/30/12		1,042,378
	3,486		TBD, 3/31/13		3,474,592
	468		TBD, 4/12/13		466,780
	430		Douglas Dynamics LLC, LIBOR + 1.75%, 12/16/10		427,564
			Eastman Kodak Co.,
	477		Loan B1, LIBOR + 2.25%, 10/15/12		478,064
	365		Loan B2, LIBOR + 2.25%, 10/15/12		365,296
	1,995		Eight O'Clock Coffee, LIBOR + 2.75%, 11/14/11		1,994,987
	713		FTD, Inc., LIBOR, 8/15/13		715,354
	350		Gold Toe, LIBOR + 6.00%, 4/30/14		356,125
	644		Hertz Corp., LIBOR + 2.00%, 12/31/12		647,571
	830		Language Line, Inc., Loan B1, LIBOR + 3.25%, 6/14/11		836,584
	1,000	⁷	Le-Natures, Inc., Loan B, LIBOR + 4.00%, 9/30/11		472,500
	1,080		Maidenform, Inc., LIBOR + 1.75%, 5/14/10		1,083,057
	2,725		Michael Foods, Inc., Loan B1, LIBOR + 2.00%, 11/30/10		2,732,511
	640		Movie Gallery, Inc., Loan B, LIBOR + 5.25%, 4/30/11		632,847
	1,506		Neiman-Marcus Group, Inc., LIBOR + 2.25%, 4/15/13		1,521,569
	1,394		New Page, Loan B, LIBOR + 2.25%, 4/30/12		1,408,057
	468		Nice Pak Products, LIBOR + 3.75%, 6/15/10		469,647
			Olympus Cable Holdings LLC,
	2,000		Loan A, PRIME + 1.25%, 6/30/10		1,941,250
	3,500		Loan B, PRIME + 2.00%, 9/30/10		3,405,937
	1,500		Orchard Supply Hardware Stores Corp., Loan B2, LIBOR + 2.45%, 12/09/07		1,500,000
	995		Oriental Trading Co., LIBOR + 2.75%, 1/30/14		996,244
			OSI Group LLC,
	1,467		LIBOR + 2.00%, 9/15/11		1,465,333
	1,466		Loan B, LIBOR + 2.00%, 9/15/11		1,465,334
	400		PETCO Animal Supplies, Inc., LIBOR + 2.75%, 10/31/12		404,333
	602		Pierre Foods, Inc., Loan B, LIBOR + 2.25%, 7/15/10		604,299
	750		Pivotal Promontory LLC, LIBOR + 6.50%, 9/15/11		720,000

BlackRock Limited Duration Income Trust (BLW) (continued)
(Percentage of Net Assets)

Principal
Amount
(000)			Description	Value
			Consumer Products—(cont'd)
$	1,459		Prestige Brands Holdings, Inc., Loan B, LIBOR + 2.25%, 4/07/11	$	1,467,867
	1,990		Quiznos Corp., LIBOR + 2.25%, 5/01/12		1,994,975
	1,945		Sturm Foods, Inc., LIBOR + 2.00%, 5/31/11		1,957,383
	1,489		SUPERVALU, Inc., Loan B, LIBOR + 1.75%, 6/15/12		1,494,668
	609	⁷	Synventive Acquisition, Inc., LIBOR + 14.0%, 2/17/14		228,405
			TravelCenters of America, Inc.,
	246		Loan B, LIBOR + 1.75%, 6/30/11		245,942
	249		Loan B, LIBOR + 1.75%, 11/30/11		248,439
	864		Tupperware Corp., LIBOR + 1.50%, 11/07/12		860,668
	357		Warnaco, Inc., Loan B, LIBOR + 1.50%, 1/31/12		356,468
			Waterpik Technologies, Inc.,
	451		LIBOR + 2.25%, 4/15/13		448,619
	750		LIBOR + 6.50%, 10/15/13		742,500
			Total Consumer Products		61,104,180
			Containers & Packaging—1.8%
			Bluegrass Container Co. LLC,
	344		LIBOR + 2.25%, 6/30/13		347,250
	1,498		LIBOR + 5.00%, 12/30/13		1,520,343
	1,149		Loan B, LIBOR + 2.25%, 6/30/13		1,160,548
	200		Covalence Specialty Materials Corp., LIBOR + 3.25%, 8/15/13		199,125
			Georgia-Pacific Corp.,
	1,487		LIBOR + 2.00%, 2/28/13		1,500,206
	988		LIBOR + 2.00%, 2/28/14		989,019
			Graham Packaging Co., Inc.,
	1,960		Loan B, LIBOR + 2.25%, 10/01/11		1,975,751
	1,429		Loan C, LIBOR + 4.25%, 4/01/12		1,441,786
	1,260		Graphic Packaging Intl., Inc., Loan C, LIBOR + 2.50%, 8/08/10		1,272,495
	568		Smurfit-Stone Container Enterprises, Inc., LIBOR + 2.35%, 11/15/10		572,676
	1,945		Solo Cup, Inc., LIBOR + 3.50%, 2/27/11		1,973,568
			Total Containers & Packaging		12,952,767
			Ecological Services & Equipment—0.1%
	500		Envirosolutions, Inc., LIBOR + 3.50%, 7/15/12		504,688
			Energy—3.1%
	429		AES Corp., LIBOR + 1.75%, 4/30/08		429,107
	500		Boart Longyear Co., LIBOR + 7.00%, 10/31/13		493,437
			Coffeyville Resources LLC,
	243		LIBOR, 12/21/13		244,459
	1,257		Loan D, LIBOR + 3.00%, 12/21/13		1,263,041
			Coleto Creek Power,
	127		LIBOR + 2.75%, 7/31/13		127,442
	1,863		Loan B, LIBOR + 2.75%, 7/31/13		1,864,025
	1,000		Exco Resources, Inc., LIBOR + 5.50%, 10/31/11		1,009,375
			Generac Power Systems, Inc.,
	1,000		LIBOR + 2.50%, 11/15/13		1,002,500
	500		LIBOR + 6.00%, 5/15/14		497,500
	1,485		Key Energy Services, Inc., Loan C, LIBOR + 2.50%, 8/15/12		1,492,425
	962		LSP General Finance Co. LLC, LIBOR + 1.75% , 4/15/13		962,998
	496		Meg Energy Corp., Loan B, LIBOR + 2.00%, 4/15/13		497,801
			Northeast Energy,
	159		LIBOR + 2.50%, 10/31/13		160,162
	250		LIBOR + 4.50%, 10/31/14		253,437
	1,341		Loan B, LIBOR + 2.50%, 10/31/13		1,355,213
	5,417		NRG Energy, Inc., LIBOR + 2.00% , 1/31/13		5,462,870
	287		Petro Geological Services, Loan B, LIBOR + 2.50%, 12/31/12		288,194
			Plum Point Energy Associates,
	194		LIBOR + 3.75%, 3/14/14		195,986
	670		Loan B, LIBOR + 3.25%, 3/14/14		675,738
	83		Regency Gas, LIBOR + 2.50%, 8/15/13		83,620
	975		SemCrude LP, LIBOR + 2.25% , 2/28/11		983,271
	1,489		Trinidad Energy Services Income Trust, LIBOR + 2.50%, 4/15/11		1,492,472

BlackRock Limited Duration Income Trust (BLW) (continued)
(Percentage of Net Assets)

Principal
Amount
(000)			Description	Value
			Energy—(cont'd)
			Wolf Hollow I LP,
$	400		LIBOR + 2.25%, 6/15/12	$	392,000
	100		LIBOR + 2.25%, 6/22/12		98,000
	474		Loan B, LIBOR + 2.25%, 6/15/12		464,676
			Total Energy		21,789,749
			Entertainment & Leisure—2.5%
	3,212		CCM Merger, Inc., Loan B, LIBOR + 2.00%, 7/31/12		3,216,413
	1,122		Cinemark, Inc., Loan B, LIBOR + 2.00%, 10/05/13		1,132,358
	500		Edge Las Vegas, LIBOR + 3.50%, 6/15/07		500,000
	938		Fairmont Hotels & Resorts, Inc., Loan B, LIBOR + 3.25%, 7/15/11		942,598
	1,995		Greektown Holdings LLC, Loan B, LIBOR + 2.50%, 12/15/12		2,009,963
	495		Hit Entertainment Ltd., LIBOR + 2.25%, 8/31/12		498,094
	4,963		Metro-Goldwyn-Mayer Studios, Inc., Loan B, LIBOR + 3.25%, 4/15/12		4,969,477
	1,478		Penn National Gaming, Inc., Loan B, LIBOR + 1.75%, 5/31/12		1,486,015
	750		Time Warner, Inc., Loan B, LIBOR + 2.25%, 10/31/13		755,625
	324		Travelport, Inc., LIBOR + 2.50% , 8/31/13		326,196
	497		Wembley, Inc., LIBOR + 2.50%, 8/31/11		503,381
	1,099		Wyndham Intl., Inc., Loan E, LIBOR + 4.50%, 9/11/07		1,104,847
	467		Yellowstone Mountain Club, LIBOR + 2.38%, 10/15/10		462,964
			Total Entertainment & Leisure		17,907,931
			Financial Institutions—4.5%
	993		Advantage Sales & Marketing, Inc., LIBOR + 2.00%, 4/15/13		994,584
	1,500		Alix Partners, LIBOR + 2.50%, 10/30/13		1,515,937
	440		Ameritrade, Loan B, LIBOR + 1.50%, 1/31/13		440,338
	969		Arias Acquisitions, Inc., LIBOR + 3.75%, 7/30/11		925,217
			Asurion Corp.,
	1,050		LIBOR + 3.00%, 8/30/12		1,054,204
	500		LIBOR + 6.25%, 2/28/13		507,500
	998		Bankruptcy Management, LIBOR + 2.75%, 6/30/11		1,003,734
	963		Billing Services Group, LIBOR + 2.50%, 5/05/12 (EUR)		1,254,474
	929		BNY Convergex Group LLC, LIBOR + 3.00%, 8/31/13		932,054
	499		Brock Holdings, LIBOR + 2.50%, 8/30/13		498,750
	495		CCC Information Services Group, Inc., Loan B, LIBOR + 2.50%, 2/15/13		496,609
	4,000	⁷	Century Corp., PRIME + 2.00%, 12/31/09		3,900,000
	1,247		Charter Mac, Loan B, LIBOR + 2.50%, 8/15/12		1,251,551
	748		Conseco, Inc., LIBOR + 2.00%, 9/30/13		751,398
			GS Holdings Corp.,
	91		LIBOR + 1.75%, 5/15/11		90,966
	654		LIBOR + 1.75%, 5/15/13		654,306
	872		Jostens, Inc., Loan C, LIBOR + 2.00%, 10/15/11		875,302
	906		Lucite Intl. Finance Plc, LIBOR + 9.00%, 7/15/14 (EUR)		1,160,683
	691		N.E.W. Holdings I LLC, LIBOR + 2.75%, 8/31/13		693,138
			Nasdaq Stock Market, Inc.,
	564		Loan C, LIBOR + 1.75%, 4/18/12		565,902
	974		Loan B, LIBOR + 1.75%, 4/18/12		976,143
	858		Professional Service, Inc., Loan B, LIBOR + 2.75%, 10/31/12		858,885
	499		Renfro Corp., LIBOR + 3.25%, 9/30/13		499,052
	1,119		Sedgewick Claims Management Services, Inc., Loan B, LIBOR + 2.25%, 2/28/13		1,120,251
	1,000		Targa Resources, Inc., LIBOR + 2.25%, 10/31/07		999,844
	1,000		TPF Generation Holdings LLC, LIBOR + 2.00%, 12/31/13		1,005,893
			TPG Springs,
	997		Loan B, LIBOR + 2.75%, 3/22/13 (GBP)		1,946,575
	997		Loan C, LIBOR + 3.25%, 3/22/14 (GBP)		1,952,287
	995		TransFirst Holdings, Inc., Loan B, LIBOR + 2.50%, 8/09/12		1,002,462
	431		Universal American Financial Corp., LIBOR + 2.25%, 5/25/09		432,328
	903		USI Holdings Corp., Loan B, LIBOR + 2.25%, 7/30/08		902,847
	746		Vertellus, LIBOR + 3.25%, 7/08/13		746,250
			Total Financial Institutions		32,009,464
			Health Care—3.3%
	367		CCS Medical, Loan B, LIBOR + 3.25%, 10/31/12		362,217
	2,933		Community Health Systems, Inc., LIBOR + 1.75%, 8/15/11		2,936,166

BlackRock Limited Duration Income Trust (BLW) (continued)
(Percentage of Net Assets)

Principal
Amount
(000)		Description	Value
		Health Care—(cont'd)
$	2,214	Concentra Operating Corp., Loan B, LIBOR + 2.00%, 9/30/11	$	2,219,692
	1,652	Davita, Inc., Loan B, LIBOR + 2.00%, 6/30/12		1,662,952
	335	Duloxetine Royalty, LIBOR + 4.50%, 10/15/13		334,513
		Emdeon Business Services, LLC,
	1,250	Loan B, LIBOR + 2.50%, 11/30/13		1,255,729
	250	LIBOR, 5/30/14		253,281
	848	Eye Care Centers of America, Inc., LIBOR + 2.50%, 2/28/12		847,944
	498	Global Healthcare Exchange LLC, Loan B, LIBOR + 2.25%, 3/15/13		498,744
	1,990	HealthSouth Corp., Loan B, LIBOR + 3.25%, 3/15/13		2,008,035
	975	IASIS Healthcare Corp., Loan B, LIBOR + 2.25%, 6/30/11		984,019
	2,193	Jean Coutu Group, Inc., Loan B, LIBOR + 2.50%, 6/30/11		2,195,349
	448	Multiplan, Inc., LIBOR + 2.50%, 4/15/13		448,613
	494	National Renal Institutes, Inc., Loan B, LIBOR + 2.25%, 4/15/13		495,001
		Quintiles Transnational Corp.,
	993	LIBOR + 2.00%, 3/31/13		992,190
	250	LIBOR + 4.00%, 3/31/14		252,708
	983	Select Medical Corp., Loan B, LIBOR + 1.75%, 2/28/12		978,928
	988	Vanguard Health Holding Co. II LLC, LIBOR + 2.25%, 9/30/11		994,557
		Warner Chilcott Corp.,
	1,803	LIBOR + 2.00%, 1/18/11		1,810,822
	583	Loan B, LIBOR + 2.00%, 1/18/11		585,690
	439	Loan B, LIBOR + 2.00%, 1/18/12		440,640
	978	Wellcare Holdings LLC, LIBOR + 2.50%, 5/13/09		979,333
		Total Health Care		23,537,123
		Industrials—1.6%
	998	Acosta, Inc., LIBOR + 2.75%, 8/15/13		1,006,228
	499	Applied Systems, Inc., Loan B, LIBOR + 2.75%, 9/30/13		500,620
	990	Bolthouse Farms, Inc., LIBOR + 2.25%, 12/01/12		992,475
		Buhrmann U.S., Inc.,
	500	Loan D, LIBOR + 1.75%, 12/30/10		500,313
	2,264	Loan D1, LIBOR + 1.75%, 12/30/10		2,265,054
	1,900	Drummond Co., Inc., LIBOR + 1.50%, 2/15/12		1,852,500
		Novelis, Inc.,
	199	Loan B, LIBOR + 2.25%, 1/13/10		199,278
	346	Loan B, LIBOR + 2.25%, 12/30/11		346,115
	625	QTC Acquisition, Inc., LIBOR + 6.50%, 5/04/13		626,563
		Standard Steel LLC,
	83	1.00%, 7/15/12		83,958
	415	Loan B, LIBOR + 2.50%, 7/15/12		417,693
	1,281	Thermo Fluids, Inc., Loan B, LIBOR + 3.00%, 8/15/11		1,284,084
		Trimas Corp.,
	94	LIBOR + 2.75%, 7/31/11		94,805
	405	Loan B, LIBOR + 2.75%, 7/31/13		409,793
	471	United Rentals NA, Inc., LIBOR + 2.00%, 2/12/11		475,583
		Total Industrials		11,055,062
		Media—8.4%
	500	Affinion Group, Inc., TBD, 3/01/12		500,625
		American Lawyers Media, Inc.,
	1,706	LIBOR + 2.50%, 3/15/10		1,705,832
	1,995	LIBOR + 5.75%, 3/07/11		1,995,000
	3,970	Cablevision Systems Corp., LIBOR + 1.75%, 3/31/13		3,979,596
	5,500	Cequel Communications LLC, LIBOR + 2.25%, 11/01/13		5,531,365
	3,500	Charter Communications Holdings LLC/Charter Communication Holdings Capital Corp., LIBOR + 2.63%,
		4/28/13		3,529,533
	719	CMP Susquehanna Corp., Loan B, LIBOR + 2.00%, 5/05/12		723,601
		Dex Media West LLC/Dex Media Finance Co.,
	3,139	Loan B1, 0.375%, 9/01/09		3,136,174
	789	Loan B2, LIBOR + 1.50%, 9/09/10		788,837
	1,321	DirecTV Holdings LLC/DirecTV Financing Co., Loan B, LIBOR + 1.50%, 3/06/10		1,324,654
	1,224	GateHouse Media, Inc., LIBOR + 2.25%, 12/15/13		1,225,214
	4,000	German Media Partners LP, LIBOR + 4.00%, 6/06/13 (EUR)		5,207,965
	3,000	Idearc, Inc., Loan B, LIBOR + 2.00%, 11/15/14		3,021,750
	496	Liberty Cablevision of Puerto Rico Ltd., LIBOR + 2.25%, 2/15/13		497,801

BlackRock Limited Duration Income Trust (BLW) (continued)
(Percentage of Net Assets)

Principal
Amount
(000)		Description	Value
		Media—(cont'd)
$	2,000	Mediacom Broadband LLC, Loan D, LIBOR + 1.75%, 1/31/15	$	1,996,250
	1,975	Mediacom Illinois LLC, Loan C, LIBOR + 1.75%, 1/15/15		1,976,059
	1,922	Mission Broadcasting, Inc., Loan B, LIBOR + 1.75%, 8/14/12		1,917,389
	400	Multicultural Radio Broadcasting, Inc., LIBOR + 2.75%, 12/15/12		400,750
	500	NEP Supershooters LP, LIBOR + 8.00%, 8/01/11		500,000
		New Wave Communications,
	945	LIBOR + 3.25%, 6/20/13		945,250
	300	TBD, 6/20/13		300,000
	1,821	Nexstar Finance, Inc., Loan B, LIBOR + 1.75%, 8/14/12		1,816,891
	3,491	Nielsen Finance LLC/Nielsen Finance Co., Loan B, LIBOR + 2.25%, 8/15/13		3,517,235
	484	NTL Investment Holding Ltd., Loan B4, LIBOR + 2.00%, 9/03/12		486,356
	746	PAETEC Communications, Inc., Loan B, LIBOR + 3.50%, 6/30/12		749,048
	1,000	Persona Communications, Inc., LIBOR + 6.00%, 4/30/14		1,006,250
	496	Prism Business Media, Inc., Loan B, PRIME + 1.25%, 10/15/12		496,026
	750	Puerto Rico Cable Acquisition Co., LIBOR + 6.25%, 7/31/11		755,625
	3,327	RH Donnelley Corp., Loan D2, LIBOR + 1.50%, 12/31/11		3,321,111
	500	Wide Open West Finance LLC, Loan B, LIBOR + 2.25%, 4/30/13		502,500
	1,939	WMG Acquisition Corp., LIBOR + 2.00%, 4/08/11		1,948,293
		Yell Group Plc,
	1,000	Loan B, LIBOR + 2.00% , 2/15/13		1,007,604
	1,500	Loan B, LIBOR + 2.00% , 2/15/13 (EUR)		1,976,351
		Total Media		58,786,935
		Real Estate—0.8%
	2,250	Foster Wheeler Ltd., LIBOR - 0.10%, 9/15/11		2,261,250
	270	Kyle Acquisition Group LLC, Loan B, LIBOR + 3.50%, 7/31/08		272,369
	1,000	LandSource Communities Development LLC, Loan B, LIBOR + 2.50%, 3/31/10		997,500
	491	Masonite Intl. Corp., LIBOR + 2.00% , 3/31/13		488,563
	600	Stewart Enterprises, Inc., Loan B, LIBOR + 1.75%, 11/30/11		601,107
	1,000	Williams Scotsman, Inc., Loan B, LIBOR + 1.50%, 6/30/10		996,875
		Total Real Estate		5,617,664
		Technology—1.9%
	743	Affiliated Computer Services, Inc., Loan B, LIBOR + 2.00%, 3/31/13		747,192
	374	Coinstar, Inc., LIBOR + 2.25%, 7/15/11		375,307
	500	Electrical Components Intl. Holdings Co., LIBOR + 6.50%, 5/19/14		502,500
		Intergraph Corp.,
	500	LIBOR + 2.50%, 5/15/14		504,062
	750	LIBOR, 11/15/14		766,875
	997	Marvell Technology Group Ltd., Loan B, LIBOR + 2.00%, 11/06/09		996,875
	1,292	Nuance Communications, Inc., LIBOR + 1.75%, 12/29/13		1,290,939
	699	RedPrairie Corp., Loan B, LIBOR, 7/31/12		698,374
	2,488	Sensata Technologies BV, Loan B, LIBOR + 1.75%, 4/30/13		2,479,261
	2,463	SunGard Data Systems, Inc., Loan B, LIBOR + 2.50%, 1/05/13		2,483,855
	2,000	Verifone, Inc., LIBOR + 1.75%, 2/28/13		2,005,000
	198	Westcom Corp., Loan B, LIBOR + 2.75%, 12/31/10		198,122
		Total Technology		13,048,362
		Telecommunications—4.2%
		American Cellular Corp.,
	375	1.25%, 8/15/07		375,703
	125	LIBOR + 2.25%, 8/15/07		125,781
	993	Atlantic Broadband Finance LLC, Loan B1, LIBOR + 2.75%, 1/30/11		1,006,149
	1,481	Consolidated Communications, Inc., Loan D, LIBOR + 2.00%, 4/07/12		1,485,879
	500	Country Road Communications LLC, LIBOR + 7.75%, 6/30/13		505,000
		Eircom Group Plc,
	2,000	Loan B, LIBOR + 2.38%, 9/15/15 (EUR)		2,631,038
	2,000	Loan C, LIBOR, 9/15/14 (EUR)		2,605,302
	750	FairPoint Communications, Inc., LIBOR + 1.75%, 2/15/12		751,406
		Insight Midwest Holdings LLC,
	1,000	Loan B, 0.25%, 4/06/14		1,007,500
	3,000	Loan B, LIBOR + 2.25%, 4/03/14		3,022,500
	2,000	Iowa Telecommunications Services, Inc., Loan B, LIBOR + 1.75%, 11/30/11		2,007,500
	748	IPC Acquisition Corp., LIBOR + 2.50%, 9/30/13		755,294
	990	Madison River Capital LLC, Loan B1, LIBOR + 2.25%, 7/31/12		991,405
	1,730	NTELOS, Inc., LIBOR + 2.25%, 2/24/10		1,738,191

BlackRock Limited Duration Income Trust (BLW) (continued)
(Percentage of Net Assets)

	Principal
	Amount
Rating¹	(000)			Description	Value
				Telecommunications—(cont'd)
				NTL Investment Holding Ltd.,
	$	968		Loan B2, LIBOR + 2.13%, 9/03/12 (GBP)	$	1,903,256
		2,000		Loan C, LIBOR + 2.75%, 3/03/13 (GBP)		4,011,258
		746		Nuvox Communications, LIBOR + 5.00%, 5/15/12		744,385
		3,000		West Corp., LIBOR + 2.75%, 10/31/13		3,019,689
		832		Wind Acquisition Finance S.A., Loan A1, LIBOR + 2.25%, 6/17/12 (EUR)		1,084,939
				Total Telecommunications		29,772,175
				Transportation—0.6%
		875		Delta Air Lines, Inc., Loan A, LIBOR + 2.75%, 4/15/08		879,862
		653		Sirva Worldwide, Inc., LIBOR + 6.25%, 11/30/10		616,543
		995		UAL Corp., Loan B, LIBOR + 3.75%, 1/31/12		997,309
		1,863		Vanguard Car Rental Holdings, Inc., Loan B, LIBOR + 3.00%, 6/30/13		1,877,245
				Total Transportation		4,370,959
				Total Bank Loans		371,943,433
				Mortgage Pass-Through Securities—20.7%
				Federal National Mortgage Assoc.,
		1,300		5.50%, 12/01/28-11/01/33		1,281,730
		8,025	⁵	5.50%, 2/01/32-10/01/33		7,915,278
		17,000	⁵	7.25%, 1/15/10		17,994,857
		121,000		TBA, 5.00%, 2/15/22		118,353,125
				Total Mortgage Pass-Through Securities		145,544,990
				Non-Agency Multiple Class Mortgage Pass-Through Securities—1.8%
				GSR Mortgage Loan Trust,
AAA		6,442	⁴	Ser. 10, Class 2A1, 4.474%, 10/25/33		6,168,481
AAA		6,577	⁴	Ser. 13, Class 1A1, 4.502%, 10/25/33		6,283,833
				Total Non-Agency Multiple Class Mortgage Pass-Through Securities		12,452,314
				Interest Only Asset-Backed Securities—0.3%
				Sterling Coofs Trust,
AAA		31,758		Ser. 1, 2.362%, 4/15/29		1,300,091
AAA		27,898		Ser. 2, 2.216%, 3/30/30		889,238
				Total Interest Only Asset-Backed Securities		2,189,329
				U.S. Government and Agency Securities—5.3%
				U.S. Treasury Notes,
		20,425	⁵	3.375%, 12/15/08-9/15/09		19,835,194
		10,000	⁵	3.75%, 3/31/07		9,977,340
		6,000	⁵	3.875%, 5/15/09		5,867,814
		1,815	⁵	4.25%, 8/15/15		1,742,471
				Total U.S. Government and Agency Securities		37,422,819
				Foreign Government Bonds—2.4%
BB-		476		Bolivarian Republic of Venezuela, 6.25%, 12/18/07		476,129
BB		5,000	⁵	Republic of Colombia, 9.75%, 4/23/09		5,427,500
BB+		5,000	⁵	Republic of Peru, 9.125%, 2/21/12		5,730,000
BB-		5,093	⁵	Turkey, 7.00%, 9/26/16		5,150,296
				Total Foreign Government Bonds		16,783,925

BlackRock Limited Duration Income Trust (BLW) (continued)
(Percentage of Net Assets)

Units
(000)			Description	Value
			Warrant—0.0%
	10	^7,8	Reliant Resources, Inc., expires 8/25/08, strike price $0.001, 1 share for 1 warrant	$	98,164
Shares
			Common Stock—0.0%
	7,579	^7,8	Critical Care Systems Intl., Inc.		60,632
			Preferred Stock—0.0%
	125,000		Superior Essex Holding Corp., Ser. A, 9.50%		102,500
			Total Long-Term Investments (cost $1,016,786,568)		1,022,450,528
Principal
Amount
(000)
			SHORT-TERM INVESTMENT—0.8%
			U.S. Government and Agency Discount Notes—0.8%
$	6,000	⁹	Federal Home Loan Bank Discount Notes, 4.951%, 2/01/07 (cost $6,000,000)		6,000,000
			Total Investments—146.0% (cost $1,022,786,568¹⁰)	$	1,028,450,528
			Liabilities in excess of other assets (including $206,270,908 reverse repurchase agreements payable and
			$137,755,569 payable for investments purchased)—(46.0)%		(323,959,324)
			Net Assets—100%	$	704,491,204

	______________________
1	Using the highest of Standard & Poor's, Moody's Investor Service or Fitch's Ratings.
2	Security is fair valued.
3	Security is not registered under the Securities Act of 1933. These securities may be resold in transactions in accordance with Rule 144A under that Act, to qualified institutional buyers. As of January 31, 2007, the Trust held 18.8% of its net assets, with a current market value of $132,250,718, in securities restricted as to resale.
4	Variable rate security. Rate shown is interest rate as of January 31, 2007.
5	Entire or partial principal amount pledged as collateral for reverse repurchase agreements.
6	Illiquid security. As of January 31, 2007, the Trust held 0.8% of its net assets, with a current market value of $5,509,139, in these securities.
7	Issuer is in default and/or bankruptcy.
8	Non-income producing security.
9	Rate shown is the yield to maturity as of the date of purchase.
10	Cost for federal income tax purposes is $1,022,987,854. The net unrealized appreciation on a tax basis is $5,462,674, consisting of $17,610,649 gross unrealized appreciation and $12,147,975 gross unrealized depreciation.

	For Trust compliance purposes, the Trust's sector and industry classifications refer to any one or more of the Standard Industry Codes as defined by the SEC. This definition may not apply for purposes of this report, which may combine sector and industry sub-classifications for reporting ease.

KEY TO ABBREVIATIONS

EUR — Euro

GBP — British Pound

LIBOR — London Interbank Offered Rate

PRIME — Prime Rate

TBA — To Be Announced

TBD — To Be Determined

Item 2. Controls and Procedures.

(a) The Registrant's principal executive and principal financial officers have evaluated the Registrant's disclosure controls and procedures within 90 days of this filing and have concluded, as of that date, that the Registrant’s disclosure controls and procedures were reasonably designed to ensure that information required to be disclosed by the Registrant in this Form N-Q was recorded, processed, summarized, and reported within the required time periods and that information to be disclosed by the Registrant in this Form N-Q was accumulated and communicated to the Registrant’s management, including its principal executive and principal financial officers, as appropriate, to allow timely decisions regarding required disclosure.

(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 (17 CFR 270.30a -3(d)) 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.

Separate certifications of the Registrant’s Principal Executive and Financial Officers pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 are attached as EX-99.CERT.

SIGNATURES

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.

(Registrant)

BlackRock Limited Duration Income Trust

By: /s/ Donald C. Burke
Name: Donald C. Burke
Title: Treasurer and Principal Financial Officer
Date: March 28, 2007

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/ Robert S. Kapito
Name: Robert S. Kapito
Title: President and Principal Executive Officer
Date: March 28, 2007

By: /s/ Donald C. Burke
Name: Donald C. Burke
Title: Treasurer and Principal Financial Officer
Date: March 28, 2007