SUPPLEMENT TO THE SPARTAN MUNICIPAL FUNDS MARCH 19, 1998 PROSPECTUS
The following information replaces similar information found in the
"Expenses" section on page 5.
Effective March 20, 1998 and August 20, 1998, FMR has voluntarily
agreed to reimburse each of Spartan Intermediate Municipal Income and
Spartan Municipal Income to the extent that total operating expenses
(excluding interest, taxes, brokerage commissions and extraordinary
expenses) exceed 0.53% of its average net assets through December 31,
1999 and December 31, 2000, respectively. If these agreements were not
in effect, the management fee, other expenses, and total operating
expenses for Spartan Intermediate Municipal Income and Spartan
Municipal Income would have been 0.38%, 0.17%, and 0.55% and 0.39%,
0.16%, and 0.55%, respectively.
