Fig.1 Spectral Overlap of FRET Chromophores

This paper is interesting and illustrates that sometimes the tagging of proteins with large fluorophores like the GFP variants CFP and YFP will interfere with the normal functioning of the protein in vivo. They are looking at adrenergic receptor activation and the CFP/YFP FRET system disrupted the downstream activation of adenylyl cyclase. The authors get around this problem by replacing YFP with FlAsH, a very small fluorophore, which results in them being able to monitor the activation of the receptor in live cells with all downstream processes intact:
http://www.tsienlab.ucsd.edu/Publications/Hoffmann%202005%20Nature%20Methods%20-%20A%20FlAsH%20Based%20Approach.pdf
This paper reports how the authors developed a three fluorophore FRET system to investigate protein interactions with three different component proteins. They use a traditional CFP/YFP FRET pair along with another fluorophore called mRFP which can be an acceptor for either CFP or YFP. The authors then test the 3-FRET system by tagging known protein complexes in the endosomal compartment of live cells.
http://www.nature.com/nmeth/journal/v1/n3/full/nmeth720.html