SUPPLEMENT TO
THE SPARTAN(registered trademark) SHORT-INTERMEDIATE GOVERNMENT FUND
JUNE 26, 1998 PROSPECTUS
The following information replaces similar information found in the
"Who May Want to Invest" section beginning on page 3.
PROPOSED REORGANIZATION. The Board of Trustees of Spartan
Short-Intermediate Government Fund has unanimously approved an
Agreement and Plan of Reorganization ("Agreement") between Spartan
Short-Intermediate Government Fund and Fidelity Intermediate
Government Income Fund (formerly Spartan Limited Maturity Government
Fund), a fund of Fidelity Income Fund.
The Agreement provides for the transfer of all of the assets and
the assumption of all of the liabilities of Spartan Short-Intermediate
Government Income Fund solely in exchange for the number of shares of
Fidelity Intermediate Government Income Fund equal in value to the
relative net asset value of the outstanding shares of Spartan
Short-Intermediate Government Fund. Following such exchange, Spartan
Short-Intermediate Government Fund will distribute the Fidelity
Intermediate Government Income Fund shares to its shareholders pro
rata, in liquidation of Spartan Short-Intermediate Government Fund as
provided in the Agreement (the transactions contemplated by the
Agreement referred to as the "Reorganization"). The Reorganization can
be consummated only if, among other things, it is approved by a
majority vote of shareholders. A Special Meeting (the "Meeting") of
the Shareholders of Spartan Short-Intermediate Government Fund will be
held on April 14, 1999, and approval of the Agreement will be voted on
at that time. In connection with the Meeting, Spartan
Short-Intermediate Government Fund will be filing with the Securities
and Exchange Commission and delivering to its shareholders of record a
Proxy Statement describing the Reorganization and a Prospectus for
Fidelity Intermediate Government Income Fund.
If the Agreement is approved at the Meeting and certain conditions
required by the Agreement are satisfied, the Reorganization is
expected to become effective on or about April 22, 1999. If
shareholder approval of the Agreement is delayed due to failure to
meet a quorum or otherwise, the Reorganization will become effective,
if approved, as soon as practicable thereafter.
In the event Spartan Short-Intermediate Government Fund
shareholders fail to approve the Agreement, Spartan Short-Intermediate
Government Fund will continue to engage in business as a registered
investment company and the Board of Trustees will consider other
proposals for the reorganization or liquidation of Spartan
Short-Intermediate Government Fund.
Effective the close of business on June 26, 1998, the fund's shares
are no longer available to new accounts. Shareholders of the
fund on that date may continue to purchase shares in accounts existing
on that date. Investors who did not own shares of the fund on June 26,
1998, generally will not be allowed to purchase shares of the fund
except that new accounts may be established: 1) by participants in
most group employer retirement plans (and their successor plans) in
which the fund had been established as an investment option by June
26, 1998, and 2) for accounts managed on a discretionary basis by
certain registered investment advisors that have discretionary assets
of at least $500 million invested in mutual funds and have included
the fund in their discretionary account program since June 26, 1998.
These restrictions generally will apply to investments made directly
with Fidelity and investments made through intermediaries. Investors
may be required to demonstrate eligibility to purchase shares of the
fund before an investment is accepted.
