SUPPLEMENT TO THE
SPARTAN FLORIDA
MUNICIPAL FUNDS
PROSPECTUS
DATED JANUARY 14, 1994
The following information
replaces that which is found
under the subheading "Annual
fund operating expenses"
begining on page 5.
ANNUAL FUND OPERATING EXPENSES
are paid out of each fund's
assets. Each fund pays a
management fee to FMR.
Expenses are factored into each
fund's share price or dividends
and are not charged directly to
shareholder accounts (see page
25).
The following are projections
based on historical expenses,
and are calculated as a
percentage of average net
assets.
SPARTAN FLORIDA MONEY
Management fee 0.50%
12b-1 fee None
Other expenses 0.00%
Total fund operating expenses 0.50
%
SPARTAN FLORIDA INCOME
Management fee 0.55%
12b-1 fee None
Other expenses 0.00%
Total fund operating expenses 0.55
%
EXAMPLES: Let's say,
hypothetically, that each fund's
annual return is 5% and that its
operating expenses are exactly
as just described. For every
$1,000 you invested, here's how
much you would pay in total
expenses after the number of
years indicated, first assuming
that you leave your account
open, and then assuming that
you close your account at the
end of the period:
SPARTAN FLORIDA MONEY
Account open
Account closed
After 1 year $ 5 $ 10
After 3 years $ 16 $ 21
After 5 years $ 28 $ 33
After 10 years $ 63 $ 68
SPARTAN FLORIDA INCOME
Account open
Account closed
After 1 year $ 6 $ 11
After 3 years $ 18 $ 23
After 5 years $ 31 $ 36
After 10 years $ 69 $ 74
These examples illustrate the
effect of expenses, but are not
meant to suggest actual or
expected costs or returns, all of
which may vary.
SUPPLEMENT TO THE
SPARTAN FLORIDA
MUNICIPAL FUNDS
PROSPECTUS
DATED JANUARY 14, 1994
The following information
replaces that which is found
under the subheading "Annual
fund operating expenses"
begining on page 5.
ANNUAL FUND OPERATING EXPENSES
are paid out of each fund's
assets. Each fund pays a
management fee to FMR.
Expenses are factored into each
fund's share price or dividends
and are not charged directly to
shareholder accounts (see page
25).
The following are projections
based on historical expenses,
and are calculated as a
percentage of average net
assets.
SPARTAN FLORIDA MONEY
Management fee 0.50%
12b-1 fee None
Other expenses 0.00%
Total fund operating expenses 0.50
%
SPARTAN FLORIDA INCOME
Management fee 0.55%
12b-1 fee None
Other expenses 0.00%
Total fund operating expenses 0.55
%
EXAMPLES: Let's say,
hypothetically, that each fund's
annual return is 5% and that its
operating expenses are exactly
as just described. For every
$1,000 you invested, here's how
much you would pay in total
expenses after the number of
years indicated, first assuming
that you leave your account
open, and then assuming that
you close your account at the
end of the period:
SPARTAN FLORIDA MONEY
Account open
Account closed
After 1 year $ 5 $ 10
After 3 years $ 16 $ 21
After 5 years $ 28 $ 33
After 10 years $ 63 $ 68
SPARTAN FLORIDA INCOME
Account open
Account closed
After 1 year $ 6 $ 11
After 3 years $ 18 $ 23
After 5 years $ 31 $ 36
After 10 years $ 69 $ 74
These examples illustrate the
effect of expenses, but are not
meant to suggest actual or
expected costs or returns, all of
which may vary.
SFC-94-4 June 1, 1994
SFC-94-4 June 1, 1994
