<PAGE> PAGE 1
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008 A00AA02 FMR TEXAS INC.
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008 D01AA02 IRVING
008 D02AA02 TX
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011 A00AA01 FIDELITY DISTRIBUTORS CORPORATION
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011 C01AA01 BOSTON
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011 C03AA01 02109
<PAGE> PAGE 2
012 A00AA01 FIDELITY SERVICE COMPANY
012 B00AA01 84-00216
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02109
013 A00AA01 COOPERS & LYBRAND, L.L.P.
013 B01AA01 DALLAS
013 B02AA01 TX
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014 A00AA01 FIDELITY BROKERAGE SERVICES, INC.
014 B00AA01 8-23292
014 A00AA02 FIDELITY DISTRIBUTORS CORPORATION
014 B00AA02 8-8775
015 A00AA01 THE BANK OF NEW YORK
015 B00AA01 C
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015 C02AA01 NY
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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080 A00AA00 FEDERAL INSURANCE COMPANY
080 B00AA00 NATIONAL UNION COMPANY
080 C00AA00 210000
<PAGE> PAGE 9
081 A00AA00 Y
081 B00AA00 221
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025 A000101 GOLDMAN SACHS & CO.
025 B000101 13-5108880
025 C000101 D
025 D000101 250966
025 A000102 J. P. MORGAN SECURITIES
025 B000102 13-3224016
025 C000102 D
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025 A000103 MERRILL LYNCH
025 B000103 13-5674085
025 C000103 D
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025 A000104 FIRST BOSTON CORPORATION
025 B000104 13-5108880
025 C000104 D
025 D000104 450000
025 A000105 DELETE
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025 A000106 DELETE
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025 A000107 DELETE
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025 A000108 DELETE
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SIGNATURE JOHN H. COSTELLO
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000278001
<NAME> Fidelity Phillips Street Trust
<SERIES>
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<NAME> Fidelity Cash Reserves
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<S>
<C>
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YEAR
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47,010
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0
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14,530,157
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</TABLE>
