SUPPLEMENT TO THE FIDELITY TAX-EXEMPT MONEY MARKET TRUST PROSPECTUS
DATED DECEMBER 20, 1995
The fund 's name has been changed from Fidelity Tax-Exempt Money Market
Trust to Fidelity Municipal Money Market Fund.
The following paragraph supplements the information found in the
"Investment Principals and Risks" section beginning on page 8.
If you are subject to the federal alternative minimum tax, you should note
that the fund may invest all of its assets in municipal securities issued
to finance private activities. The interest from these investments is a
tax-preference item for purposes of the tax.
The following paragraph replaces the fourth paragraph found in the "Taxes"
section beginning on page 19.
The interest from some municipal securities is subject to the federal
alternative minimum tax. The fund may invest up to 100% of its assets in
these securities. Individuals who are subject to the tax must report this
interest on their tax returns.
SUPPLEMENT TO THE
FIDELITY TAX-EXEMPT MONEY MARKET TRUST
A FUND OF FIDELITY BEACON STREET TRUST
SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION
DATED DECEMBER 20, 1995
The fund's name has been changed from Fidelity Tax-Exempt Money Market
Trust to Fidelity Municipal Money Market Fund.
