FIDELITY (LOGO) INVESTMENTS(registered trademark) FMR Corp.
82 Devonshire Street
Boston MA 02109-3614
617 563 7000
January 16, 1998
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, DC 20549
Attention: File Room
Re: Fidelity Phillips Street Trust (the trust):
Fidelity Cash Reserves
Fidelity U.S. Government Reserves (the funds)
File Nos. 2-63350 and 811-2890
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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 funds do
not differ from that filed in the most recent post-effective
amendment, which was filed electronically.
Very truly yours,
/s/Eric D. Roiter
Eric D. Roiter
Secretary