SUPPLEMENT TO THE FIDELITY CASH RESERVES AND FIDELITY U.S. GOVERNMENT
RESERVES JANUARY 20, 1998 PROSPECTUS
The following information replaces similar information found in the
"How to Buy Shares" section on page 18.
These minimums may vary for investments through a Fidelity Payroll
Deduction Program account in Cash Reserves. There is no minimum
account balance or initial or subsequent investment minimum for
certain retirement accounts funded through salary deduction, or
accounts opened with the proceeds of distributions from Fidelity
retirement accounts. Refer to the appropriate program materials for
details.
