<PAGE> PAGE 1
000 A000000 06/30/95
000 C000000 0000798523
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
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001 B000000 811-4787
001 C000000 4153122000
002 A000000 777 MARINERS ISLAND BOULEVARD
002 B000000 SAN MATEO
002 C000000 CA
002 D010000 94404
002 D020000 1585
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 3
007 C010100 1
007 C020100 FRANKLIN NEW YORK TAX-EXEMPT MONEY FUND
007 C030100 N
007 C010200 2
007 C020200 FRANKLIN NY INSURED TAX-FREE INCOME FUND
007 C030200 N
007 C010300 3
007 C020300 FRANKLIN NY INTERM-TERM TAX-FREE INCOME FUND
007 C030300 N
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
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008 B00AA01 A
008 C00AA01 801-26292
008 D01AA01 SAN MATEO
008 D02AA01 CA
008 D03AA01 94404
008 D04AA01 1585
011 A00AA01 FRANKLIN/TEMPLETON DISTRIBUTORS, INC.
011 B00AA01 8-5889
011 C01AA01 SAN MATEO
011 C02AA01 CA
011 C03AA01 94404
<PAGE> PAGE 2
011 C04AA01 1585
012 A00AA01 FRANKLIN/TEMPLETON INVESTOR SERVICES, INC.
012 B00AA01 84-1036
012 C01AA01 SAN MATEO
012 C02AA01 CA
012 C03AA01 94404
012 C04AA01 1585
013 A00AA01 COOPERS & LYBRAND L.L.P.
013 B01AA01 SAN FRANCISCO
013 B02AA01 CA
013 B03AA01 94105
013 B04AA01 2119
014 A00AA01 FRANKLIN/TEMPLETON DISTRIBUTORS, INC.
014 B00AA01 8-5889
015 A00AA01 BANK OF AMERICA NT & SA
015 B00AA01 C
015 C01AA01 SAN FRANCISCO
015 C02AA01 CA
015 C03AA01 94104
015 C04AA01 1502
015 E01AA01 X
015 A00AA02 CITIBANK DELAWARE (ACH)
015 B00AA02 C
015 C01AA02 NEW CASTLE
015 C02AA02 DE
015 C03AA02 19720
015 C04AA02 2409
015 E01AA02 X
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022 C000001 21055
022 D000001 10643
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<PAGE> PAGE 3
022 A000003 SMITH BARNEY SHEARSON
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022 C000003 15135
022 D000003 4400
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022 B000004 13-5108880
022 C000004 16900
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022 C000005 8170
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022 C000006 7300
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022 A000010 BEAR, STEARNS & CO INC
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<PAGE> PAGE 4
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<PAGE> PAGE 5
077 C000000 Y
078 000000 N
080 A00AA00 ICI MUTUAL INSURANCE COMPANY
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<PAGE> PAGE 6
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<PAGE> PAGE 7
062 L000100 0.0
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068 A000100 N
068 B000100 N
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070 C020100 N
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070 D020100 N
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070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 N
070 O020100 N
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<PAGE> PAGE 8
070 R020100 N
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<PAGE> PAGE 9
074 J000100 0
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<PAGE> PAGE 10
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044 000200 14
055 A000200 N
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056 000200 N
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<PAGE> PAGE 11
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063 B000200 8.3
064 A000200 Y
064 B000200 N
066 A000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 N
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070 B020200 N
070 C010200 N
070 C020200 N
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070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
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070 G020200 N
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070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
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070 K010200 N
070 K020200 N
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070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 N
070 O020200 N
070 P010200 N
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070 R020200 N
071 A000200 37078
<PAGE> PAGE 12
071 B000200 35218
071 C000200 234903
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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032 000300 66
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043 000300 15
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056 000300 N
057 000300 N
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062 E000300 0.7
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
074 N000300 43096
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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 JUNE 30, 1995 SEMI ANNUAL
REPORT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 011
<NAME> FRANKLIN NEW YORK TAX-EXEMPT MONEY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 59,732,176
<INVESTMENTS-AT-VALUE> 59,732,176
<RECEIVABLES> 350,894
<ASSETS-OTHER> 98,763
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 60,181,833
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 48,781
<TOTAL-LIABILITIES> 48,781
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 60,133,052
<SHARES-COMMON-STOCK> 60,133,052
<SHARES-COMMON-PRIOR> 64,834,948
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 60,133,052
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,146,187
<OTHER-INCOME> 0
<EXPENSES-NET> (184,828)
<NET-INVESTMENT-INCOME> 961,359
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 961,359
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (961,359)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 25,589,350
<NUMBER-OF-SHARES-REDEEMED> (31,252,658)
<SHARES-REINVESTED> 961,412
<NET-CHANGE-IN-ASSETS> (4,701,896)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (87,826)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (184,828)
<AVERAGE-NET-ASSETS> 61,415,694
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> .016
<PER-SHARE-GAIN-APPREC> .000
<PER-SHARE-DIVIDEND> (.016)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> .600
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> .000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE FRANKLIN NEW YORK TAX - FREE TRUST JUNE 30, 1995 SEMI ANNUAL
REPORT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATMENTS.
</LEGEND>
<SERIES>
<NUMBER> 021
<NAME> NEW YORK INSURED TAX-FREE INCOME FUND- CLASS I
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 236,073,721
<INVESTMENTS-AT-VALUE> 242,428,440
<RECEIVABLES> 4,399,403
<ASSETS-OTHER> 68,614
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 246,896,457
<PAYABLE-FOR-SECURITIES> 4,002,733
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 684,915
<TOTAL-LIABILITIES> 4,687,648
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 239,368,685
<SHARES-COMMON-STOCK> 22,060,206
<SHARES-COMMON-PRIOR> 22,156,230
<ACCUMULATED-NII-CURRENT> 149,765
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3,664,360)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6,354,719
<NET-ASSETS> 242,208,809
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7,283,784
<OTHER-INCOME> 0
<EXPENSES-NET> (767,251)
<NET-INVESTMENT-INCOME> 6,516,533
<REALIZED-GAINS-CURRENT> (1,520,771)
<APPREC-INCREASE-CURRENT> 19,707,748
<NET-CHANGE-FROM-OPS> 24,703,510
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6,553,175)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,358,980
<NUMBER-OF-SHARES-REDEEMED> (1,787,485)
<SHARES-REINVESTED> 332,481
<NET-CHANGE-IN-ASSETS> 17,147,865
<ACCUMULATED-NII-PRIOR> 186,418
<ACCUMULATED-GAINS-PRIOR> (2,143,589)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (546,945)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (767,251)
<AVERAGE-NET-ASSETS> 237,476,896
<PER-SHARE-NAV-BEGIN> 10.160
<PER-SHARE-NII> .300
<PER-SHARE-GAIN-APPREC> .817
<PER-SHARE-DIVIDEND> (.297)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 10.980
<EXPENSE-RATIO> .650
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> .000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE FRANKLIN NEW YORK TAX-FREE TRUST JUNE 30, 1995 SEMI-ANNUAL
REPORT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 022
<NAME> NEW YORK INSURED TAX-FREE INCOME FUND - CLASS II
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 236,073,721
<INVESTMENTS-AT-VALUE> 242,428,440
<RECEIVABLES> 4,399,403
<ASSETS-OTHER> 68,614
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 246,896,457
<PAYABLE-FOR-SECURITIES> 4,002,733
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 684,915
<TOTAL-LIABILITIES> 4,687,648
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 239,368,685
<SHARES-COMMON-STOCK> 2,497
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 149,765
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3,664,360)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6,354,719
<NET-ASSETS> 242,208,809
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7,283,784
<OTHER-INCOME> 0
<EXPENSES-NET> (767,251)
<NET-INVESTMENT-INCOME> 6,516,533
<REALIZED-GAINS-CURRENT> (1,520,771)
<APPREC-INCREASE-CURRENT> 19,707,748
<NET-CHANGE-FROM-OPS> 24,703,510
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (11)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,497
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 17,147,865
<ACCUMULATED-NII-PRIOR> 186,418
<ACCUMULATED-GAINS-PRIOR> (2,143,589)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (546,945)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (767,251)
<AVERAGE-NET-ASSETS> 13,801
<PER-SHARE-NAV-BEGIN> 10.850
<PER-SHARE-NII> .094
<PER-SHARE-GAIN-APPREC> .154
<PER-SHARE-DIVIDEND> (.088)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 11.010
<EXPENSE-RATIO> 1.230
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> .000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE FRANKLIN NEW YORK TAX-FREE TRUST JUNE 30, 1995 SEMI-ANNUAL REPORT
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 031
<NAME> FRANKIN NY INTERM-TERM TAX-FREE INC FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 40,907,723
<INVESTMENTS-AT-VALUE> 42,010,308
<RECEIVABLES> 831,273
<ASSETS-OTHER> 255,114
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 43,096,695
<PAYABLE-FOR-SECURITIES> 1,997,727
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 88,053
<TOTAL-LIABILITIES> 2,085,780
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 42,633,378
<SHARES-COMMON-STOCK> 4,077,315
<SHARES-COMMON-PRIOR> 3,661,319
<ACCUMULATED-NII-CURRENT> 155,085
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,880,133)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,102,585
<NET-ASSETS> 41,010,915
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,098,940
<OTHER-INCOME> 0
<EXPENSES-NET> (57,032)
<NET-INVESTMENT-INCOME> 1,041,908
<REALIZED-GAINS-CURRENT> (69,013)
<APPREC-INCREASE-CURRENT> 1,674,194
<NET-CHANGE-FROM-OPS> 2,647,089
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,014,003)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 673,052
<NUMBER-OF-SHARES-REDEEMED> (319,734)
<SHARES-REINVESTED> 62,678
<NET-CHANGE-IN-ASSETS> 5,844,994
<ACCUMULATED-NII-PRIOR> 127,180
<ACCUMULATED-GAINS-PRIOR> (2,811,120)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (18,395)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (57,032)
<AVERAGE-NET-ASSETS> 37,197,489
<PER-SHARE-NAV-BEGIN> 9.600
<PER-SHARE-NII> .280
<PER-SHARE-GAIN-APPREC> .452
<PER-SHARE-DIVIDEND> (.272)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 10.060
<EXPENSE-RATIO> .310
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> .000
</TABLE>
EXHIBIT 77 C
FRANKLIN RESOURCES, INC.
777 Mariners Island Blvd.
P.O. Box 7777
San Mateo, CA 94403-7777
415/312-3000
ACTION OF SOLE SHAREHOLDER BY WRITTEN CONSENT
The undersigned, being the sole shareholder of the Class II
shares of each of the Franklin Templeton Funds listed on the
attached Schedule A (the "Funds"), each of which is a series of
the Investment Companies as indicated on Schedule A (the
"Companies"), does hereby take the following actions and does
hereby consent to the following resolution:
RESOLVED: That the Distribution Plans pursuant to Rule
12b-1 (under the Investment Company Act of 1940), as
agreed to and accepted by Franklin/Templeton
Distributors, Inc. and each of the Companies prior to
the date below, be and it hereby is, approved for each
Fund.
By execution hereof, the undersigned shareholder waives
prior notice of the foregoing action by written consent.
FRANKLIN RESOURCES, INC.
s/H.E. Burns
Dated as of: April 28, 1995 By: Harmon E. Burns
Executive Vice President
SCHEDULE A
INVESTMENT COMPANY FUND & CLASS; TITAN NUMBER
Franklin Gold Fund Franklin Gold Fund - Class II; 232
Franklin Equity Fund Franklin Equity Fund - Class II; 234
Franklin Custodian Funds, Inc. Growth Series - Class II; 206
Utilities Series - Class II;
207
Income Series - Class II; 209
U.S. Government Securities
Series - Class II; 210
Franklin California Tax-Free Franklin California Tax-Free Income
Income Fund, Inc. Fund - Class II; 212
Franklin New York Tax-Free Franklin New York Tax-Free Income
Income Fund, Inc. Fund - Class II; 215
Franklin Federal Tax-Free Franklin Federal Tax-Free Income
Income Fund Fund -Class II; 216
Franklin Managed Trust Franklin Rising Dividends
Fund - Class II; 258
Franklin California Tax-Free Franklin California Insured Tax-Free
Trust
Income Fund - Class II; 224
Franklin New York Tax-Free Trust Franklin New York Insured Tax-Free
Income Fund - Class II; 281
Franklin Investors Securities Franklin Global Government Income
Trust
Fund - Class II; 235
Franklin Equity Income
Fund - Class II; 239
Franklin Strategic Series Franklin Global Utilities
Fund - Class II; 297
Franklin Real Estate Securities Franklin Real Estate Securities
Trust
Fund - Class II; 292
INVESTMENT COMPANY FUND AND CLASS; TITAN NUMBER
Franklin Tax-Free Franklin Alabama Tax-Free Income Fund - Class II;
264
Trust Franklin Arizona Tax-Free Income Fund - Class II;
226
Franklin Colorado Tax-Free Income Fund - Class
II; 227
Franklin Connecticut Tax Free Income
Fund - Class II; 266
Franklin Florida Tax-Free Income Fund - Class II;
265
Franklin Georgia Tax-Free Income Fund - Class II;
228
Franklin High Yield Tax-Free Income Fund - Class
II; 230
Franklin Insured Tax-Free Income Fund - Class II;
221
Franklin Louisiana Tax-Free Income Fund - Class
II; 268
Franklin Maryland Tax-Free Income Fund - Class
II; 269
Franklin Massachusetts Insured Tax-Free Income
Fund - Class II; 218
Franklin Michigan Insured Tax-Free Income
Fund - Class II; 219
Franklin Minnesota Insured Tax-Free Income
Fund - Class II; 220
Franklin Missouri Tax-Free Income Fund - Class
II; 260
Franklin New Jersey Tax-Free Income
Fund - Class II; 271
Franklin North Carolina Tax-Free Income
Fund - Class II; 270
Franklin Ohio Insured Tax-Free Income
Fund - Class II; 222
Franklin Oregon Tax-Free Income Fund - Class II;
261
Franklin Pennsylvania Tax-Free Income
Fund - Class II; 229
Franklin Puerto Rico Tax-Free Income
Fund - Class II; 223
Franklin Texas Tax-Free Income Fund - Class II;
262
Franklin Virginia Tax-Free Income Fund - Class
II; 263
