<PAGE> PAGE 1
000 B000000 12/31/94
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007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
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008 D04AA01 1585
011 A00AA01 FRANKLIN/TEMPLETON DISTRIBUTORS, INC.
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011 C03AA01 94404
<PAGE> PAGE 2
011 C04AA01 1585
012 A00AA01 FRANKLIN/TEMPLETON INVESTOR SERVICES, INC.
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012 C01AA01 SAN MATEO
012 C02AA01 CA
012 C03AA01 94404
012 C04AA01 1585
013 A00AA01 COOPERS & LYBRAND L.L.P.
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
077 A000000 Y
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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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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
068 A000200 N
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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SIGNATURE DIOMEDES LOO-TAM
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE FRANKLIN NEW YORK TAX-FREE TRUST DECEMBER 31, 1994 ANNUAL RE-
PORT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> FRANKLIN NY TAX-EXEMPT MONEY FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 64,504,904
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<EXPENSES-NET> (353,445)
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<GROSS-EXPENSE> (353,445)
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<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> .021
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<EXPENSE-RATIO> .600
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE FRANKLIN NEW YORK TAX - FREE TRUST DECEMBER 31, 1994 ANNUAL
REPORT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> NEW YORK INSURED TAX-FREE INCOME FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 234,129,592
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<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 14,893,456
<OTHER-INCOME> 0
<EXPENSES-NET> (1,392,642)
<NET-INVESTMENT-INCOME> 13,500,814
<REALIZED-GAINS-CURRENT> (2,000,409)
<APPREC-INCREASE-CURRENT> (33,236,184)
<NET-CHANGE-FROM-OPS> (21,735,779)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (13,359,615)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,012,829
<NUMBER-OF-SHARES-REDEEMED> 5,075,969
<SHARES-REINVESTED> 647,592
<NET-CHANGE-IN-ASSETS> (3,490,386)
<ACCUMULATED-NII-PRIOR> 45,219
<ACCUMULATED-GAINS-PRIOR> (143,180)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (992,613)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1,392,642)
<AVERAGE-NET-ASSETS> 246,532,437
<PER-SHARE-NAV-BEGIN> 11.68
<PER-SHARE-NII> .590
<PER-SHARE-GAIN-APPREC> (1.525)
<PER-SHARE-DIVIDEND> (.585)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.16
<EXPENSE-RATIO> .56
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE FRANKLIN NEW YORK TAX-FREE TRUST DECEMBER 31, 1994 ANNUAL RE-
PORT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> FRANKLIN NY INTERM-TERM TAX-FREE INCOME FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 35,238,373
<INVESTMENTS-AT-VALUE> 34,666,764
<RECEIVABLES> 812,440
<ASSETS-OTHER> 45,152
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 35,524,356
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 358,435
<TOTAL-LIABILITIES> 358,435
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 38,421,470
<SHARES-COMMON-STOCK> 3,661,319
<SHARES-COMMON-PRIOR> 2,917,088
<ACCUMULATED-NII-CURRENT> 127,180
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,811,120)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (571,609)
<NET-ASSETS> 35,165,921
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,077,690
<OTHER-INCOME> 0
<EXPENSES-NET> (18,688)
<NET-INVESTMENT-INCOME> 2,059,002
<REALIZED-GAINS-CURRENT> (2,703,012)
<APPREC-INCREASE-CURRENT> (1,406,329)
<NET-CHANGE-FROM-OPS> (2,050,339)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,950,786)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,060,058
<NUMBER-OF-SHARES-REDEEMED> 1,432,244
<SHARES-REINVESTED> 116,416
<NET-CHANGE-IN-ASSETS> 4,004,224
<ACCUMULATED-NII-PRIOR> 18,964
<ACCUMULATED-GAINS-PRIOR> (108,108)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (18,688)
<AVERAGE-NET-ASSETS> 36,997,552
<PER-SHARE-NAV-BEGIN> 10.680
<PER-SHARE-NII> .550
<PER-SHARE-GAIN-APPREC> (1.104)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.526)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.600
<EXPENSE-RATIO> .050
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
