SUPPLEMENT TO
SPARTAN(registered trademark) INTERMEDIATE MUNICIPAL INCOME FUND'S
PROXY STATEMENT AND PROSPECTUS, DATED DECEMBER 22, 1997, FOR SPECIAL
MEETING OF SHAREHOLDERS TO BE HELD ON FEBRUARY 18, 1998:
Effective January 31, 1998, the following information replaces
similar information found in the "Synopsis" section on page 3:
Both Spartan Intermediate and Fidelity Limited Term seek high
current income free from federal income tax by investing in
investment-grade municipal securities. Both Spartan Intermediate and
Fidelity Limited Term are managed by Norman Lind. Norman Lind is
expected to manage the combined fund. The two funds differ primarily
in their expense structures.
Effective January 31, 1998, the following information replaces
similar information found in the "Operations of Fidelity Limited Term
Following the Reorganization" section on page 10:
FMR does not expect Fidelity Limited Term to revise its investment
policies as a result of the Reorganization. In addition, FMR does not
anticipate significant changes to the fund's management or to agents
that provide the fund with services. Specifically, the Trustees and
officers, the investment adviser, distributor, and other agents will
continue to serve Fidelity Limited Term in their current capacities.
Norman Lind, who is currently the Portfolio Manager of Fidelity
Limited Term is expected to continue to be responsible for portfolio
management after the Reorganization.
