[The Reserve Funds letterhead]
July 23, 1999
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Reserve New York Tax-Exempt Trust
File Nos. 2-85406 and 811-3814
Dear Sirs:
Pursuant to Rule 497(j) under the Securities Act of 1933, as
amended, I hereby certify on behalf of Reserve New York Tax-Exempt Trust
("Registrant"), a registered management investment company (the "Trust"), that
the form of the Prospectus and Statement of Additional Information for the Trust
and its investment series that would have been filed under Rule 497(c) does not
differ from that contained in the Trust's Post-Effective Amendment No. 24 to its
Registration Statement on Form N-1A, which was filed electronically with the
Commission on June 25, 1999.
Very truly yours,
By: /s/ MaryKathleen Foynes
--------------------------
Name: MaryKathleen Foynes
Title: General Counsel
cc: Brent J. Fields, Esq.
Securities and Exchange Commission
