SUPPLEMENT TO THE SPARTAN
MUNICIPAL FUNDS
FEBRUARY 27, 1999 PROSPECTUS
SHAREHOLDER MEETING. On or about January 19, 2000, a meeting of the
shareholders of Spartan Intermediate Municipal Income Fund will be
held to approve various proposals. Shareholders of record on November
22, 1999 are entitled to vote at the meeting.
SHAREHOLDER MEETING. On or about December 15, 1999, a meeting of the
shareholders of Spartan Municipal Income Fund will be held to approve
various proposals. Shareholders of record on October 18, 1999 are
entitled to vote at the meeting.
For more detailed information concerning the proposals under
consideration, please contact Fidelity at 1-800-544-8888 to request a
free copy of either proxy sta teme nt.