Filed by Franklin Tax-Free Trust on behalf of Franklin Federal
Limited-Term Tax-Free Income Fund Pursuant to Rule 425 under the
Securities Act of 1933.
Subject Company: Franklin New York Tax-Free Trust on behalf of
Franklin New York Limited-Term Tax-Free Income Fund
File No. 333-152778





                      [GRAPHIC OMITTED][GRAPHIC OMITTED]




             FRANKLIN CALIFORNIA LIMITED-TERM TAX-FREE INCOME FUND
              FRANKLIN NEW YORK LIMITED-TERM TAX-FREE INCOME FUND


                              IMPORTANT REMINDER:

                PLEASE VOTE YOUR SHARES BEFORE OCTOBER 24, 2008


                                                               October 10, 2008

Dear Shareholder:


We recently  mailed you proxy  materials  relating to  proposals to be voted on
at a Special Meeting of Shareholders  of the Franklin  California  Limited-Term
Tax-Free  Income Fund and Franklin New York  Limited-Term  Tax-Free Income Fund
(each  a  "Fund")  scheduled  for  October  24,  2008.  As of the  date of this
letter, we have not received your vote.


                            YOUR VOTE IS IMPORTANT!

For the  reasons  set forth in the proxy  materials  previously  mailed to you,
THE FUNDS' BOARDS OF TRUSTEES  BELIEVE THE  PROPOSALS ARE IN THE  SHAREHOLDERS'
BEST INTEREST AND UNANIMOUSLY RECOMMEND THAT YOU VOTE IN FAVOR.

We encourage you to vote TODAY using one of the following convenient options:

1.    VOTE BY PHONE.  You may cast your vote by calling  the  toll-free  number
      listed  on the  enclosed  proxy  card.  Have your  proxy  card in hand in
      order to follow the recorded instructions.

2.    VOTE  ONLINE.  You may cast your  vote by  logging  onto the Web  address
      listed on the enclosed proxy card.  Have your proxy card in hand in order
      to follow the instructions given on the Web site.

3.    VOTE BY MAIL.  You may cast  your  vote by mail by  signing,  dating  and
      mailing the enclosed proxy card in the  postage-prepaid  return  envelope
      provided.

If you have any questions about the proposal,  you may call  Computershare Fund
Services,  the Funds' proxy  solicitation  firm,  toll free at (866)  865-3146.
As a  helpful  reminder,  you  may  receive  a call  from a  representative  of
Computershare  Fund  Services   encouraging  you  to  vote.  When  you  provide
instructions to Computershare  Fund Services by phone,  they will be authorized
to deliver your proxy on your behalf.




                  YOUR VOTE IS IMPORTANT! PLEASE VOTE TODAY!


YOU ARE ADVISED TO READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS, WHICH
HAVE BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION (THE "SEC"),
BECAUSE THEY CONTAIN IMPORTANT INFORMATION.  THE PROXY STATEMENT AND OTHER
RELATED DOCUMENTS ARE AVAILABLE FOR FREE AT THE SEC'S WEBSITE (WWW.SEC.GOV)
OR BY CALLING THE FUND AT (800) DIAL BEN(R)/ (800) 342-5236.