RESERVE NEW YORK TAX EXEMPT TRUST
NSAR-A, 2000-01-31
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<PAGE>      PAGE  1
000 A000000 11/30/1999
000 C000000 0000724201
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 RESERVE NEW YORK TAX-EXEMPT TRUST
001 B000000 811-3814
001 C000000 2129779982
002 A000000 1250 BROADWAY, 32ND FLOOR
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10001
002 D020000 3701
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  1
007 C010100  1
007 C020100 NEW YORK TAX-EXEMPT FUND
007 C030100 N
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 RESERVE MANAGEMENT COMPANY, INC.
008 B00AA01 A
008 C00AA01 801-21972
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10001
008 D04AA01 3701
011 A00AA01 RESRV PARTNERS, INC.
011 B00AA01 8-26731
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10001
011 C04AA01 3701
012 A00AA01 RESERVE NEW YORK TAX-EXEMPT TRUST
012 B00AA01 84-1164
012 C01AA01 NEW YORK
<PAGE>      PAGE  2
012 C02AA01 NY
012 C03AA01 10001
012 C04AA01 3701
013 A00AA01 PRICEWATERHOUSECOOPERS, LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10019
013 B04AA01 6013
014 A00AA01 RESRV PARTNERS, INC.
014 B00AA01 8-26731
015 A00AA01 CHASE MANHATTAN BANK
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10019
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   25
019 C00AA00 RESERVEFUN
020 C000001      0
020 C000002      0
020 C000003      0
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020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 A000001 PRUDENTIAL SECURITIES, INC.
022 B000001 22-2347336
022 C000001     32600
022 D000001     53700
022 A000002 BEAR STEARNS & CO., INC.
022 B000002 13-4946705
022 C000002     13285
022 D000002     37220
022 A000003 SALOMON SMITH BARNEY
022 B000003 13-3082694
022 C000003     14500
022 D000003     18320
022 A000004 MORGAN STANLEY DEAN WITTER
022 B000004 13-2655998
022 C000004     20400
022 D000004     10920
022 A000005 PAINE WEBBER
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022 D000005         0
022 A000006 LEHMAN BROTHERS
<PAGE>      PAGE  3
022 B000006 13-2518466
022 C000006     11845
022 D000006      7250
022 A000007 FIRST ALBANY
022 C000007     13381
022 D000007         0
022 A000008 DEUTSCHE BANK
022 C000008      8150
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022 B000009 13-2726611
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022 A000010 JP MORGAN SECS
022 B000010 13-3224016
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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078  000000 N
080 A00AA00 TRAVELERS PROPERTY CASUALTY
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<PAGE>      PAGE  9
086 D020000      0
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086 F020000      0
SIGNATURE   JAMES FREISEN
TITLE       CONTROLLER


<TABLE> <S> <C>

<ARTICLE>           6
<SERIES>
  <NUMBER>          001
  <NAME>            New York Tax-Exempt Fund

<S>                          <C>
<PERIOD-TYPE>                6-MOS
<FISCAL-YEAR-END>                 MAY-31-1999
<PERIOD-END>                      NOV-30-1999
<INVESTMENTS-AT-COST>             178,621,803
<INVESTMENTS-AT-VALUE>            178,621,803
<RECEIVABLES>                       1,222,514
<ASSETS-OTHER>                              0
<OTHER-ITEMS-ASSETS>                        0
<TOTAL-ASSETS>                              0
<PAYABLE-FOR-SECURITIES>                    0
<SENIOR-LONG-TERM-DEBT>                     0
<OTHER-ITEMS-LIABILITIES>           2,155,463
<TOTAL-LIABILITIES>                         0
<SENIOR-EQUITY>                             0
<PAID-IN-CAPITAL-COMMON>          177,688,854
<SHARES-COMMON-STOCK>             177,688,854
<SHARES-COMMON-PRIOR>                       0
<ACCUMULATED-NII-CURRENT>                   0
<OVERDISTRIBUTION-NII>                      0
<ACCUMULATED-NET-GAINS>                     0
<OVERDISTRIBUTION-GAINS>                    0
<ACCUM-APPREC-OR-DEPREC>                    0
<NET-ASSETS>                     (177,688,854)
<DIVIDEND-INCOME>                           0
<INTEREST-INCOME>                   2,855,594
<OTHER-INCOME>                              0
<EXPENSES-NET>                        893,464
<NET-INVESTMENT-INCOME>             1,992,130
<REALIZED-GAINS-CURRENT>                    0
<APPREC-INCREASE-CURRENT>                   0
<NET-CHANGE-FROM-OPS>               1,992,130
<EQUALIZATION>                              0
<DISTRIBUTIONS-OF-INCOME>                   0
<DISTRIBUTIONS-OF-GAINS>                    0
<DISTRIBUTIONS-OTHER>              (1,992,130)
<NUMBER-OF-SHARES-SOLD>           325,450,929
<NUMBER-OF-SHARES-REDEEMED>      (335,735,563)
<SHARES-REINVESTED>                 1,992,130
<NET-CHANGE-IN-ASSETS>             (8,292,504)
<ACCUMULATED-NII-PRIOR>                     0
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<OVERDISTRIB-NII-PRIOR>                     0
<OVERDIST-NET-GAINS-PRIOR>                  0
<GROSS-ADVISORY-FEES>                 675,725
<INTEREST-EXPENSE>                          0
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<AVERAGE-NET-ASSETS>                  177,700
<PER-SHARE-NAV-BEGIN>                    1.00
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<PER-SHARE-DIVIDEND>                    (0.01)
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<PER-SHARE-NAV-END>                      1.00
<EXPENSE-RATIO>                          1.00



</TABLE>


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