<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000215829
<NAME> Fidelity School Street Trust
<SERIES>
<NUMBER> 41
<NAME> Fidelity New Markets Income Fund
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
6-mos
<FISCAL-YEAR-END>
dec-31-2000
<PERIOD-END>
jun-30-2000
<INVESTMENTS-AT-COST>
217,138
<INVESTMENTS-AT-VALUE>
236,349
<RECEIVABLES>
11,395
<ASSETS-OTHER>
0
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
247,744
<PAYABLE-FOR-SECURITIES>
2,859
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
680
<TOTAL-LIABILITIES>
3,539
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
274,642
<SHARES-COMMON-STOCK>
20,975
<SHARES-COMMON-PRIOR>
19,715
<ACCUMULATED-NII-CURRENT>
1,693
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
(51,347)
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
19,217
<NET-ASSETS>
244,205
<DIVIDEND-INCOME>
27
<INTEREST-INCOME>
11,357
<OTHER-INCOME>
0
<EXPENSES-NET>
1,171
<NET-INVESTMENT-INCOME>
10,213
<REALIZED-GAINS-CURRENT>
13,601
<APPREC-INCREASE-CURRENT>
(5,107)
<NET-CHANGE-FROM-OPS>
18,707
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
8,730
<DISTRIBUTIONS-OF-GAINS>
0
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
4,981
<NUMBER-OF-SHARES-REDEEMED>
4,378
<SHARES-REINVESTED>
658
<NET-CHANGE-IN-ASSETS>
24,850
<ACCUMULATED-NII-PRIOR>
210
<ACCUMULATED-GAINS-PRIOR>
(64,948)
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
792
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
1,192
<AVERAGE-NET-ASSETS>
234,257
<PER-SHARE-NAV-BEGIN>
11.130
<PER-SHARE-NII>
.499
<PER-SHARE-GAIN-APPREC>
.431
<PER-SHARE-DIVIDEND>
.427
<PER-SHARE-DISTRIBUTIONS>
0
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
11.640
<EXPENSE-RATIO>
102
</TABLE>
