FIDELITY PHILLIPS STREET TRUST
497J, 1994-01-14
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                        FMR Corp.               
                        82 Devonshire Street    
                        Boston, MA 02109-3614   
                        617-570-7000            
                                                
 
                        January 13, 1994        
                                                
                                                
                                                
                                                
 
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C.
Attention:   File Room                                     
 
                                                           
 
Re:          Fidelity Phillips Street Trust (the trust):   
 
             Fidelity Cash Reserves (the fund)             
 
             File No. 2-63350                              
 
__________________________________________________________________________
Ladies and Gentlemen:
 Transmitted herewith pursuant to Rule 497(j) under the Securities Act of
1933 is certification that the Prospectus and Statement of Additional
Information with respect to the above referenced fund does not differ from
that filed in the most recent post-effective amendment, which was filed
electronically.
                        Very truly yours,     
 
                                              
 
                                              
 
                                              
 
                        /s/Arthur S. Loring   
                        Arthur S. Loring      
                        Secretary             
 
                                              
 



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