<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
NEW YORK TAX-FREE TRUST JUNE 30, 2000 SEMI-ANNUAL REPORT AND IS QUALIFIED IN IT
S ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 031
<NAME> FRANKLIN NEW YORK INTERMEDIATE-TERM TAX-FREE INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 69,461,023
<INVESTMENTS-AT-VALUE> 70,211,064
<RECEIVABLES> 1,625,735
<ASSETS-OTHER> 74,187
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 71,910,986
<PAYABLE-FOR-SECURITIES> 2,556,875
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 245,226
<TOTAL-LIABILITIES> 2,802,101
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 71,326,668
<SHARES-COMMON-STOCK> 6,781,378
<SHARES-COMMON-PRIOR> 6,643,120
<ACCUMULATED-NII-CURRENT> 58,435
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (3,026,259)
<ACCUM-APPREC-OR-DEPREC> 750,041
<NET-ASSETS> 69,108,885
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,884,616
<OTHER-INCOME> 0
<EXPENSES-NET> (148,934)
<NET-INVESTMENT-INCOME> 1,735,682
<REALIZED-GAINS-CURRENT> (106,648)
<APPREC-INCREASE-CURRENT> 918,391
<NET-CHANGE-FROM-OPS> 2,547,425
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,773,561)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 943,914
<NUMBER-OF-SHARES-REDEEMED> (906,155)
<SHARES-REINVESTED> 100,499
<NET-CHANGE-IN-ASSETS> 2,167,977
<ACCUMULATED-NII-PRIOR> 96,314
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (2,919,611)
<GROSS-ADVISORY-FEES> (208,167)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (275,529)
<AVERAGE-NET-ASSETS> 66,387,508
<PER-SHARE-NAV-BEGIN> 10.080
<PER-SHARE-NII> .260<F1>
<PER-SHARE-GAIN-APPREC> .120
<PER-SHARE-DIVIDEND> (.270)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 10.19
<EXPENSE-RATIO> .450<F2><F3>
<FN>
<F1>BASED ON AVERAGE SHARES OUTSTANDING, EFFECTIVE YEAR ENDED DECEMBER 31, 1999.
<F2>ANNUALIZED
<F3>EXPENSE RATIO EXCLUDING WAIVER .84%
</FN>
</TABLE>
