RESERVE NEW YORK TAX EXEMPT TRUST, 497J, 1997-08-06

RESERVE NEW YORK TAX EXEMPT TRUST
497J, 1997-08-06

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<PAGE>   1
                                                   August 6, 1997


Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549

Attn:  Public Filing Room

       RE:  Reserve New York Tax-Exempt Trust
            File Nos. 2-85406 (Securities Act of 1933)
            811-3814 (Investment Company Act of 1940)

Dear Sir or Madam:

     Pursuant to Rule 497(j) of the Investment Company Act of 1940, this letter
is to certify that the form of prospectus and Statement of Additional
Information that would have been filed pursuant to Rule 497(c) is not different
from that contained in the most recent registration statement. The most recent
registration statement, Post-Effective Amendment 19, was filed electronically
and accepted on July 31, 1997.

                                                    Respectfully, 
                                                    /s/ Michelle L. Neufeld
                                                    Michelle L. Neufeld
                                                    Counsel and Secretary