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 replaces the similar information found in the "To Open an
Account" column under "Wire" on page 15.
(medium solid bullet) Wire within 24 hours to:
Chase Manhattan Bank,
Bank Routing #021000021,
FFC Fidelity/SAS INST DEP
Account #323039502
Specify "Fidelity Municipal Money Market Fund" and include your account
number and your name.
The following replaces the similar information found in the "To Add to an
Account" column under "Wire" on page 15.
(medium solid bullet) Wire to:
Chase Manhattan Bank,
Bank Routing #021000021,
FFC Fidelity/SAS INST DEP
Account #323039502
Specify "Fidelity Municipal Money Market Fund" and include your account
number and your name.
The following information replaces the similar information found under "How
to Sell Shares" on page 16.
You can arrange to take money out of your account at any time by selling
(redeeming) some or all of your shares. Your shares will be sold at the
next share price calculated after your order is received and accepted.
Share price is normally calculated at 12:00 noon and 4 p.m. Eastern time.
The following replaces the information found in the last bullet item under
the "When you place an order to buy shares" paragraph on page 20.
Shares purchased by 12:00 noon Eastern time will earn the dividend declared
that day; shares purchased by 4 p.m. Eastern time begin to earn dividends
on the following business day.
The following replaces the information found in the second bullet item
under the "When you place an order to sell shares" paragraph on page 21.
Shares redeemed before 12:00 noon Eastern time do not earn the dividend
declared on the day of redemption.
The following paragraph supplements the information found in the
"Investment Principles 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.
