SUPPLEMENT TO THE SPARTAN
MUNICIPAL FUNDS
FEBRUARY 27, 1999 PROSPECTUS
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 the proxy statement.
SUPPLEMENT TO THE FIDELITY CONNECTICUT MUNICIPAL FUNDS JANUARY 25,
1999 PROSPECTUS
SHAREHOLDER MEETING. On or about December 15, 1999, a
meeting of the shareholders of Spartan Connecticut Municipal Income
Fund will be held to approve various proposals, including approval of
an amended management contract with a management fee structure change.
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 the proxy statement.
The following information replaces similar information found under the
heading "Principal Investment Strategies" in the "Investment Summary"
section on page 3:
(small solid bullet) Investing normally in municipal money market
securities, including a municipal money market fund managed by an
affiliate of FMR.
The following information replaces similar information for
Spartan(registered trademark) Connecticut Municipal Money Market Fund
found under the heading "Principal Investment Strategies" in the
"Investment Summary" section on page 4:
(small solid bullet) Investing normally in municipal money market
securities, including a municipal money market fund managed by an
affiliate of FMR.
The following information replaces similar information for Connecticut
Municipal Money Market Fund found under the heading "Principal
Investment Strategies" in the "Investment Details" section on page 11:
FMR normally invests the fund's assets in municipal money market
securities, including a municipal money market fund managed by an
affiliate of FMR.
The following information replaces similar information for Spartan
Connecticut Municipal Money Market Fund found under the heading
"Principal Investment Strategies" in the "Investment Details" section
on page 11:
FMR normally invests the fund's assets in municipal money market
securities, including a municipal money market fund managed by an
affiliate of FMR.
The following information replaces similar information found under the
heading "Description of Principal Security Types" in the "Investment
Details" section on page 13:
MONEY MARKET SECURITIES are high-quality, short-term securities that
pay a fixed, variable or floating interest rate. Securities are often
specifically structured so that they are eligible investments for a
money market fund. For example, in order to satisfy the maturity
restrictions for a money market fund, some money market securities
have demand or put features which have the effect of shortening the
security's maturity. Municipal money market securities include
variable rate demand notes, commercial paper, municipal notes and
municipal money market funds.
SUPPLEMENT TO THE SPARTAN(registered trademark) FLORIDA MUNICIPAL
FUNDS JANUARY 25, 1999 PROSPECTUS
SHAREHOLDER MEETING. On or about December 15, 1999, a
meeting of the shareholders of Spartan Florida Municipal Income Fund
will be held to approve various proposals, including approval of an
amended management contract with a management fee structure change.
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 the proxy statement.
The following information replaces the first bullet under the
"Principal Investment Strategies" section for Spartan Florida
Municipal Money Market Fund on page 3.
(small solid bullet) Investing normally in municipal money market
securities, including a municipal money market fund managed by an
affiliate of FMR.
The following information replaces the first paragraph under the
"Principal Investment Strategies" section for Spartan Florida
Municipal Money Market Fund on page 8.
FMR normally invests the fund's assets in municipal money market
securities, including a municipal money market fund managed by an
affiliate of FMR.
The following information replaces the first paragraph under the
"Description of Principal Security Types" section on page 9.
MONEY MARKET SECURITIES are high-quality, short-term securities that
pay a fixed, variable, or floating interest rate. Securities are often
specifically structured so that they are eligible investments for a
money market fund. For example, in order to satisfy the maturity
restrictions for a money market fund, some money market securities
have demand or put features which have the effect of shortening the
security's maturity. Municipal money market securities include
variable rate demand notes, commercial paper, municipal notes and
municipal money market funds.
The following information replaces the third paragraph under the
heading "Principal Investment Strategies" for Spartan Florida
Municipal Money Market Fund on page 8.
FMR may invest the fund's assets in municipal securities subject to
the Florida intangible tax, but expects the fund to be exempt from the
Florida intangible tax. Although FMR does not currently intend to
invest the fund's assets in municipal securities whose interest is
subject to federal income tax, FMR may invest all of the fund's assets
in municipal securities whose interest is subject to the federal
alternative minimum tax.
The following information replaces the third paragraph under the
heading "Principal Investment Strategies" for Spartan Florida
Municipal Income Fund on page 9.
FMR may invest the fund's assets in municipal securities subject to
the Florida intangible tax, but expects the fund to be exempt from the
Florida intangible tax. Although FMR does not currently intend to
invest the fund's assets in municipal securities whose interest is
subject to federal income tax, FMR may invest all of the fund's assets
in municipal securities whose interest is subject to the federal
alternative minimum tax.
The following information replaces similar information found under the
heading "Tax Consequences" on page 24.
TAXES ON DISTRIBUTIONS. Each fund seeks to earn income and pay
dividends exempt from federal income tax, and also seeks exemption of
fund shares from the Florida intangible tax.
A portion of each fund's income, and the dividends you receive, may be
subject to federal income taxes. Each fund's income may be subject to
the federal alternative minimum tax. Each fund may also realize
taxable income or gains on the sale of municipal bonds and may make
taxable distributions.
SUPPLEMENT TO FIDELITY'S NEW JERSEY MUNICIPAL FUNDS JANUARY 25, 1999,
PROSPECTUS
SHAREHOLDER MEETING. On or about December 15, 1999, a
meeting of the shareholders of Spartan New Jersey Municipal Income
Fund will be held to approve various proposals, including approval of
an amended management contract with a management fee structure change.
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 the proxy statement.
The following information replaces similar information found under the
heading "Principal Investment Strategies" in the "Investment Summary"
section on page 3 for New Jersey Municipal Money Market Fund and
Spartan New Jersey Municipal Money Market Fund.
(small solid bullet) Investing normally in municipal money market
securities, including a municipal money market fund managed by an
affiliate of FMR.
The following information replaces similar information found under the
heading "Principal Investment Strategies" in the "Investment Details"
section on page 11 for New Jersey Municipal Money Market Fund and
Spartan New Jersey Municipal Money Market Fund.
FMR normally invests the fund's assets in municipal money market
securities, including a municipal money market fund managed by an
affiliate of FMR.
The following information replaces similar information found under the
heading "Description of Principal Security Types" in the "Investment
Details" section on page 13.
MONEY MARKET SECURITIES are high-quality, short-term securities that
pay a fixed, variable or floating interest rate. Securities are often
specifically structured so that they are eligible investments for a
money market fund. For example, in order to satisfy the maturity
restrictions for a money market fund, some money market securities
have demand or put features which have the effect of shortening the
security's maturity. Municipal money market securities include
variable rate demand notes, commercial paper, municipal notes and
municipal money market funds.
