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August 4, 1999
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: The Reserve Fund
1933 Act File No. 2-36429
1940 Act File No. 811-2033
Dear Sirs:
Pursuant to Rule 497(j) under the Securities Act of 1933, as
amended, I hereby certify on behalf of Reserve Tax-Exempt Trust ("Registrant"),
a registered management investment company (the "Trust"), that the form of the
Prospectus and Statement of Additional Information for the Trust and its
investment series that would have been filed under Rule 497(c) does not
substantively differ from that contained in the Trust's Post-Effective Amendment
No. 60 to its Registration Statement on Form N-1A, which was filed
electronically with the Commission on July 30, 1999.
Very truly yours,
By: /s/ MaryKathleen Foynes
Name: MaryKathleen Foynes
Title: General Counsel
