FIDELITY BEACON STREET TRUST
497, 1995-01-23
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SUPPLEMENT TO THE 
SPARTAN(registered trademark) NEW JERSEY 
MUNICIPAL MONEY
MARKET PORTFOLIO
PROSPECTUS
DATED DECEMBER 13, 1994
The following information 
replaces the similar 
information found in the 
Expenses section beginning 
on page 5:
SHAREHOLDER TRANSACTION 
EXPENSES are charges you 
pay when    you buy, sell, or     
   hold shares of a fund. See     
   page 22 for more information     
   about these fees.    
Maximum sales charge on 
purchases and 
reinvested distributions None
Deferred sales charge on 
redemptions None
Exchange and wire transaction 
fees $5.00
Checkwriting fee, per check 
written $2.00
Account closeout fee $5.00
   Annual account maintenance fee
    
   (for accounts under $2,500) $12.    
   00    
The following paragraph 
supplements the information 
found in the section entitled 
Transaction Details beginning 
on page 22:
   FIDELITY RESERVES THE RIGHT     
   TO DEDUCT AN ANNUAL     
   MAINTENANCE FEE of $12.00     
   from accounts with a value of     
   less than $2,500, subject to     
   an annual maximum charge     
   of $60.00 per shareholder. It     
   is expected that accounts will     
   be valued on the second     
   Friday in November of each     
   year. Accounts opened after     
   September 30 will not be     
   subject to the fee for that     
   year. The fee, which is     
   payable to the transfer agent,     
   is designed to offset in part     
   the relatively higher costs of     
   servicing smaller accounts.     
   The fee will not be deducted     
   from retirement accounts,     
   accounts        using regular     
   investment plans, or if total     
   assets in Fidelity funds     
   exceed $50,000. Eligibility for     
   the $50,000 waiver is     
   determined by aggregating     
   Fidelity mutual fund accounts     
   maintained by FSC or FBSI     
   which are registered under     
   the same social security     
   number or which list the     
   same        social security number     
   for the custodian of a     
   Uniform Gifts/Transfers to     
   Minors Act account.    
 
   
SUPPLEMENT TO THE 
SPARTAN(registered trademark) NEW JERSEY 
MUNICIPAL MONEY
MARKET PORTFOLIO
PROSPECTUS
DATED DECEMBER 13, 1994
The following information 
replaces the similar 
information found in the 
Expenses section beginning 
on page 5:
SHAREHOLDER TRANSACTION 
EXPENSES are charges you 
pay when    you buy, sell, or     
   hold shares of a fund. See     
   page 22 for more information     
   about these fees.    
Maximum sales charge on 
purchases and 
reinvested distributions None
Deferred sales charge on 
redemptions None
Exchange and wire transaction 
fees $5.00
Checkwriting fee, per check 
written $2.00
Account closeout fee $5.00
   Annual account maintenance fee
    
   (for accounts under $2,500) $12.    
   00    
The following paragraph 
supplements the information 
found in the section entitled 
Transaction Details beginning 
on page 22:
   FIDELITY RESERVES THE RIGHT     
   TO DEDUCT AN ANNUAL     
   MAINTENANCE FEE of $12.00     
   from accounts with a value of     
   less than $2,500, subject to     
   an annual maximum charge     
   of $60.00 per shareholder. It     
   is expected that accounts will     
   be valued on the second     
   Friday in November of each     
   year. Accounts opened after     
   September 30 will not be     
   subject to the fee for that     
   year. The fee, which is     
   payable to the transfer agent,     
   is designed to offset in part     
   the relatively higher costs of     
   servicing smaller accounts.     
   The fee will not be deducted     
   from retirement accounts,     
   accounts        using regular     
   investment plans, or if total     
   assets in Fidelity funds     
   exceed $50,000. Eligibility for     
   the $50,000 waiver is     
   determined by aggregating     
   Fidelity mutual fund accounts     
   maintained by FSC or FBSI     
   which are registered under     
   the same social security     
   number or which list the     
   same        social security number     
   for the custodian of a     
   Uniform Gifts/Transfers to     
   Minors Act account.    
 
   
SNJ-95-1 January 23, 1995
SNJ-95-1 January 23, 1995
 
SUPPLEMENT TO THE 
SPARTAN(registered trademark) NEW JERSEY 
MUNICIPAL MONEY
MARKET PORTFOLIO
PROSPECTUS
DATED DECEMBER 13, 1994
The following information 
replaces the similar information 
found in the Expenses section 
beginning on page 5:
SHAREHOLDER TRANSACTION 
EXPENSES are charges you pay 
when    you buy, sell, or hold     
   shares of a fund. See page 22     
   for more information about     
   these fees.    
Maximum sales charge on 
purchases and 
reinvested distributions None
Deferred sales charge on 
redemptions None
Exchange and wire transaction 
fees $5.00
Checkwriting fee, per check written 
$2.00
Account closeout fee $5.00
   Annual account maintenance fee
    
   (for accounts under $2,500) $12.00    
The following paragraph 
supplements the information 
found in the section entitled 
Transaction Details beginning 
on page 22:
   FIDELITY RESERVES THE RIGHT TO     
   DEDUCT AN ANNUAL     
   MAINTENANCE FEE of $12.00     
   from accounts with a value of     
   less than $2,500, subject to an     
   annual maximum charge of     
   $60.00 per shareholder. It is     
   expected that accounts will be     
   valued on the second Friday in     
   November of each year.     
   Accounts opened after     
   September 30 will not be     
   subject to the fee for that year.     
   The fee, which is payable to     
   the transfer agent, is designed     
   to offset in part the relatively     
   higher costs of servicing     
   smaller accounts. The fee will     
   not be deducted from     
   retirement accounts, accounts     
   using regular investment plans,     
   or if total assets in Fidelity     
   funds exceed $50,000.     
   Eligibility for the $50,000 waiver     
   is determined by aggregating     
   Fidelity mutual fund accounts     
   maintained by FSC or FBSI     
   which are registered under the     
   same social security number or     
   which list the same        social     
   security number for the     
   custodian of a Uniform     
   Gifts/Transfers to Minors Act     
   account.    
 
   
SUPPLEMENT TO THE 
SPARTAN(registered trademark) NEW JERSEY 
MUNICIPAL MONEY
MARKET PORTFOLIO
PROSPECTUS
DATED DECEMBER 13, 1994
The following information 
replaces the similar information 
found in the Expenses section 
beginning on page 5:
SHAREHOLDER TRANSACTION 
EXPENSES are charges you pay 
when    you buy, sell, or hold     
   shares of a fund. See page 22     
   for more information about     
   these fees.    
Maximum sales charge on 
purchases and 
reinvested distributions None
Deferred sales charge on 
redemptions None
Exchange and wire transaction 
fees $5.00
Checkwriting fee, per check written 
$2.00
Account closeout fee $5.00
   Annual account maintenance fee
    
   (for accounts under $2,500) $12.00    
The following paragraph 
supplements the information 
found in the section entitled 
Transaction Details beginning 
on page 22:
   FIDELITY RESERVES THE RIGHT TO     
   DEDUCT AN ANNUAL     
   MAINTENANCE FEE of $12.00     
   from accounts with a value of     
   less than $2,500, subject to an     
   annual maximum charge of     
   $60.00 per shareholder. It is     
   expected that accounts will be     
   valued on the second Friday in     
   November of each year.     
   Accounts opened after     
   September 30 will not be     
   subject to the fee for that year.     
   The fee, which is payable to     
   the transfer agent, is designed     
   to offset in part the relatively     
   higher costs of servicing     
   smaller accounts. The fee will     
   not be deducted from     
   retirement accounts, accounts     
   using regular investment plans,     
   or if total assets in Fidelity     
   funds exceed $50,000.     
   Eligibility for the $50,000 waiver     
   is determined by aggregating     
   Fidelity mutual fund accounts     
   maintained by FSC or FBSI     
   which are registered under the     
   same social security number or     
   which list the same        social     
   security number for the     
   custodian of a Uniform     
   Gifts/Transfers to Minors Act     
   account.    
 
   
SNJ-95-1 January 23, 1995
SNJ-95-1 January 23, 1995



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