RESERVE NEW YORK TAX EXEMPT TRUST, 497J, 1999-08-04

RESERVE NEW YORK TAX EXEMPT TRUST
497J, 1999-08-04

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August 4, 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
substantively differ from that contained in the Trust's Post-Effective Amendment
No. 25 to its Registration Statement on Form N-1A, which was filed
electronically with the Commission on July 30, 1999.

                                   Very truly yours,
                                   /s/ MaryKathleen Foynes
                                   Name:    MaryKathleen Foynes
                                   Title:   General Counsel