To be delivered to residents of
the State of Ohio
SUPPLEMENT TO THE PROSPECTUS
OF THE
FRANKLIN NEW YORK TAX-FREE TRUST
Franklin New York Tax-Exempt Money Fund
As required by the Ohio Division of Securities, the information in the attached
prospectus is augmented as follows:
Under Ohio law, the Fund may not invest more than fifty percent of its total
assets in the securities of issuers which together with any predecessors have a
record of less than three years continuous operation or securities of issuers
which are restricted as to disposition, including securities eligible for resale
pursuant to Rule 144A under the Securities Act of 1933 that have been determined
to be liquid by the Board of Trustees based upon the trading markets for such
securities.
