<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
"Rule 24f-2 Notice"
Fidelity School Street
(Name of Registrant)
File No. 2-57167
</PAGE>
<PAGE>
FILE NO. 2-57167
Fidelity School Street
: Fidelity Limited Term Municipals Fund
RULE 24F-2 - FILED PURSUANT TO RULE
24f-2(b)(1) OF THE INVESTMENT COMPANY ACT OF 1940
(i) Fiscal Year for Which Notice Filed
Fiscal year ended December 31, 1993
(ii) Number of Securities Which Remained Unsold at Beginning of Fiscal Year
Registered Other Than Pursuant to Rule 24f-2
No shares
(iii) Number of Securities Registered During Fiscal Year Other Than Pursuant
to Rule 24f-2
No shares
(iv) Number of Securities Sold During Fiscal Year
76,681,781 shares
For information relating to the calculation of the filing fee,
see Note (1) below.
(v) Number of Securities Sold During Fiscal Year Pursuant to Rule 24f-2
76,681,781 shares
<TABLE>
<CAPTION>
Number of Shares
Aggregate Price
<S>
<C>
<C>
Sales Pursuant to Rule 24f-2:
76,681,781
$
760,869,982
Redemptions:
(65,304,820)
$
(651,877,100)
Net Sales Pursuant to Rule 24f-2:
11,376,961
$
108,992,882
</TABLE>
Note (1) : Pursuant to Rule 24f-2(c), the filing fee, calculated in the
manner specified in Section 6(b) of the Securities Act
of 1933, amounted to: $37,584.02
Fidelity School Street
:
Fidelity Limited Term Municipals Fund
By John H. Costello
Assistant Treasurer
</PAGE>
<PAGE>
FILE NO. 2-57167
Fidelity School Street
: Spartan Bond Strategist Fund
RULE 24F-2 - FILED PURSUANT TO RULE
24f-2(b)(1) OF THE INVESTMENT COMPANY ACT OF 1940
(i) Fiscal Year for Which Notice Filed
Fiscal year ended December 31, 1993
(ii) Number of Securities Which Remained Unsold at Beginning of Fiscal Year
Registered Other Than Pursuant to Rule 24f-2
No shares
(iii) Number of Securities Registered During Fiscal Year Other Than Pursuant
to Rule 24f-2
No shares
(iv) Number of Securities Sold During Fiscal Year
2,151,983 shares
For information relating to the calculation of the filing fee,
see Note (1) below.
(v) Number of Securities Sold During Fiscal Year Pursuant to Rule 24f-2
2,151,983 shares
<TABLE>
<CAPTION>
Number of Shares
Aggregate Price
<S>
<C>
<C>
Sales Pursuant to Rule 24f-2:
2,151,983
$
21,406,105
Redemptions:
(60,903)
$
(595,185)
Net Sales Pursuant to Rule 24f-2:
2,091,080
$
20,810,920
</TABLE>
Note (1) : Pursuant to Rule 24f-2(c), the filing fee, calculated in the
manner specified in Section 6(b) of the Securities Act
of 1933, amounted to: $7,176.23
Fidelity School Street
:
Spartan Bond Strategist Fund
By John H. Costello
Assistant Treasurer
</PAGE>
February 16, 1994
Mr. John Costello, Assistant Treasurer
Fidelity School Street Trust
82 Devonshire Street
Boston, Massachusetts 02109
Dear Mr. Costello:
Fidelity School Street Trust (the "fund") is a Massachusetts business
trust created under the name of "Fidelity Municipal Bond Fund" under a
written Declaration of Trust dated, executed, and delivered in Boston,
Massachusetts on September 10, 1976. The fund's name was changed to
"Fidelity Mid-Term Municipals" by vote of the Board of Trustees on
February 11, 1977, which vote was approved the Sole Shareholder of
the fund on February 28, 1977. The corresponding amendment to the
Declaration of Trust was filed with the Secretary of the Commonwealth
of Massachusetts (the "Commonwealth") on March 28, 1977. The
fund's name was changed to "Fidelity Limited Term Municipals" by
vote of the Board of Trustees on April 15, 1977. Having been approved
by a majority of the outstanding shares of the fund, the corresponding
amendment to the Declaration of Trust was also executed and filed with
the Secretary of the Commonwealth of Massachusetts on April 15, 1977.
On September 13, 1978, shareholders of the fund voted to change the
fiscal year end of the fund. A supplement to the Declaration of Trust
was filed on September 14, 1978 reflecting this change. An amended
and restated Declaration of Trust was approved at a Special Meeting of
Shareholders on February 24, 1987 and was executed and filed with the
Secretary of the Commonwealth on March 24, 1987. The fund's name
was further changed to "Fidelity School Street Trust" by vote of the
Board of Trustees on June 17, 1993, which amendment to the
Declaration of Trust was filed with the Secretary of the Commonwealth
on July 1, 1993.
I have conducted such legal and factual inquiry as I have deemed
necessary for the purpose of rendering this opinion.
Under Article III, Section 1, of the Declaration of Trust, the beneficial
interest in the fund shall be divided into separate and distinct Series as
the Trustees shall from time to time create and establish. The number of
Shares is unlimited and each Share is without par value and shall be fully
paid and nonassessable. The Trustees shall have full power and
authority, in their sole discretion and without obtaining any prior
authorization or vote of the Shareholders of any Series or class of
Shareholders of the fund, to create and establish (and to change in any
manner) Shares or any Series or classes thereof with such preferences,
voting powers, rights and privileges as the Trustees may from time to
time determine, to divide or combine the Shares or any Series or classes
thereof into a greater or lesser number, to classify or reclassify any
issued Shares into one or more Series or classes of Shares, to abolish any
one or more Series of Shares and to take such other action with respect
to the Shares as the Trustees may deem desirable.
Under Article III, Section 4, the Trustees shall accept investments in the
fund from such persons and on such terms as they may from time to time
authorize. After the date of the initial contribution of capital, the
number of Shares to represent the initial contribution may in the
Trustees' discretion be considered as outstanding and the amount
received by the Trustees on account of the contribution shall be treated
as an asset of the fund. Subsequent investments in the fund shall be
credited to each Shareholder's account in the form of full and fractional
Shares at the Net Asset Value per Share next determined after the
investment is received; provided, however, that the Trustees may, in
their sole discretion, (a) impose a sales charge upon investments in the
fund and (b) issue fractional Shares.
By a vote adopted on September 10, 1976 and amended on February 22,
1985, the Board of Trustees authorized the issue and sale, from time to
time, of an unlimited number of shares of the beneficial interest of the
fund in accordance with the terms included in the fund's Prospectus and
Statement of Additional Information and subject to the limitations of the
Declaration of Trust and any amendments thereto.
I understand that from you that, pursuant to Rule 24f-2 under the
Investment Company Act of 1940, the fund has registered an indefinite
number of shares of beneficial interest under the Securities Act of 1933.
I further understand that, pursuant to the provisions of Rule 24f-2, the
fund is about to file with the Securities and Exchange Commission a
notice making definite the registration of 78,833,764 shares of the fund
(the Shares) sold in reliance upon Rule 24f-2 during the fiscal year ended
December 31, 1993.
I am of the opinion that all necessary fund action precedent to the issue
of Shares has been duly taken, and that all the Shares were legally and
validly issued, and are fully paid and nonassessable except as described
in the fund's Statement of Additional Information under the heading
"Shareholder and Trustee Liability." In rendering this opinion, I rely on
the representation by the fund that it or its agents received consideration
for the Shares in accordance with the fund's Declaration of Trust and I
express no opinion as to compliance with the Securities Act of 1933, the
Investment Company Act of 1940, or applicable state "Blue Sky" or
securities laws in connection with sales of the Shares.
I hereby consent to the filing of this opinion with the Securities and
Exchange Commission in connection with a Rule 24f-2 Notice which
you are about to file under the 1940 Act with said Commission.
Very truly yours,
Arthur S. Loring
Vice President - Legal
