SUPPLEMENT TO THE FIDELITY INTERMEDIATE BOND FUND JUNE 20, 1997
PROSPECTUS
The following information supplements information found on page 9
under the "Investment Principal and Risks":
In managing bond funds, FMR selects a benchmark index which is
representative of the portion of the bond market in which the fund
invests. FMR uses this benchmark index as a guide in structuring the
fund and selecting its investments. The benchmark index for the fund
is the Lehman Brothers Intermediate Government/Corporate Bond Index, a
market value weighted benchmark of government and corporate fixed-rate
debt issues between one and ten years. FMR manages the fund to have
similar overall interest rate risk to its Index.
