<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
"Rule 24f-2 Notice"
Fidelity Union Street Trust
(Name of Registrant)
File No. 2-50318
</PAGE>
<PAGE>
FILE NO. 2-50318
Fidelity Union Street Trust
: Spartan Aggressive Municipal Fund
RULE 24F-2 - FILED PURSUANT TO RULE
24f-2(b)(1) OF THE INVESTMENT COMPANY ACT OF 1940
(i) Fiscal Year for Which Notice Filed
Fiscal year ended August 31, 1994
(ii) Number of Securities Which Remained Unsold at Beginning of Fiscal Year
Registered Other Than Pursuant to Rule 24f-2
No shares
(iii) Number of Securities Registered During Fiscal Year Other Than Pursuant
to Rule 24f-2
No shares
(iv) Number of Securities Sold During Fiscal Year
6,489,653 shares
For information relating to the calculation of the filing fee,
see Note (1) below.
(v) Number of Securities Sold During Fiscal Year Pursuant to Rule 24f-2
6,489,653 shares
<TABLE>
<CAPTION>
Number of Shares
Aggregate Price
<S>
<C>
<C>
Sales Pursuant to Rule 24f-2:
6,489,653
$
65,586,929
Redemptions:
(2,039,295)
$
(20,434,677)
Net Sales Pursuant to Rule 24f-2:
4,450,358
$
45,152,252
</TABLE>
Note (1) : Pursuant to Rule 24f-2(c), the filing fee, calculated in the
manner specified in Section 6(b) of the Securities Act
of 1933, amounted to: $9,030.45
Fidelity Union Street Trust
:
Spartan Aggressive Municipal Fund
By John H. Costello
Assistant Treasurer
</PAGE>
<PAGE>
FILE NO. 2-50318
Fidelity Union Street Trust
: Spartan Ginnie Mae Fund
RULE 24F-2 - FILED PURSUANT TO RULE
24f-2(b)(1) OF THE INVESTMENT COMPANY ACT OF 1940
(i) Fiscal Year for Which Notice Filed
Fiscal year ended August 31, 1994
(ii) Number of Securities Which Remained Unsold at Beginning of Fiscal Year
Registered Other Than Pursuant to Rule 24f-2
No shares
(iii) Number of Securities Registered During Fiscal Year Other Than Pursuant
to Rule 24f-2
19,100,968 shares
(iv) Number of Securities Sold During Fiscal Year
7,887,946 shares
For information relating to the calculation of the filing fee,
see Note (1) below.
(v) Number of Securities Sold During Fiscal Year Pursuant to Rule 24f-2
7,887,946 shares
<TABLE>
<CAPTION>
Number of Shares
Aggregate Price
<S>
<C>
<C>
Sales Pursuant to Rule 24f-2:
7,887,946
$
78,976,702
Redemptions See Note (2) :
(7,887,946)
$
(78,976,702)
Note (2) : The total number of shares redeemed for the total dollar amount of
redemptions for the fiscal period ended August 31, 1994
, aggregated
35,239,181
and $351,849,693
, respectively. An additional filing
pursuant to Rule 24e-2 can be made to register a number of shares
that will include the share redemptions not utilized under Rule 24f-2.
Net Sales Pursuant to Rule 24f-2:
0
$
0
</TABLE>
Note (1) : Pursuant to Rule 24f-2(c), the filing fee, calculated in the
manner specified in Section 6(b) of the Securities Act
of 1933, amounted to: $0
Fidelity Union Street Trust
:
Spartan Ginnie Mae Fund
By John H. Costello
Assistant Treasurer
</PAGE>
<PAGE>
FILE NO. 2-50318
Fidelity Union Street Trust
: Spartan Intermediate Municipal Fund
RULE 24F-2 - FILED PURSUANT TO RULE
24f-2(b)(1) OF THE INVESTMENT COMPANY ACT OF 1940
(i) Fiscal Year for Which Notice Filed
Fiscal year ended August 31, 1994
(ii) Number of Securities Which Remained Unsold at Beginning of Fiscal Year
Registered Other Than Pursuant to Rule 24f-2
No shares
(iii) Number of Securities Registered During Fiscal Year Other Than Pursuant
to Rule 24f-2
No shares
(iv) Number of Securities Sold During Fiscal Year
34,393,131 shares
For information relating to the calculation of the filing fee,
see Note (1) below.
(v) Number of Securities Sold During Fiscal Year Pursuant to Rule 24f-2
34,393,131 shares
<TABLE>
<CAPTION>
Number of Shares
Aggregate Price
<S>
<C>
<C>
Sales Pursuant to Rule 24f-2:
34,393,131
$
350,398,614
Redemptions:
(30,753,385)
$
(309,984,273)
Net Sales Pursuant to Rule 24f-2:
3,639,746
$
40,414,341
</TABLE>
Note (1) : Pursuant to Rule 24f-2(c), the filing fee, calculated in the
manner specified in Section 6(b) of the Securities Act
of 1933, amounted to: $8,082.87
Fidelity Union Street Trust
:
Spartan Intermediate Municipal Fund
By John H. Costello
Assistant Treasurer
</PAGE>
<PAGE>
FILE NO. 2-50318
Fidelity Union Street Trust
: Spartan Maryland Municipal Income Fund
RULE 24F-2 - FILED PURSUANT TO RULE
24f-2(b)(1) OF THE INVESTMENT COMPANY ACT OF 1940
(i) Fiscal Year for Which Notice Filed
Fiscal year ended August 31, 1994
(ii) Number of Securities Which Remained Unsold at Beginning of Fiscal Year
Registered Other Than Pursuant to Rule 24f-2
No shares
(iii) Number of Securities Registered During Fiscal Year Other Than Pursuant
to Rule 24f-2
No shares
(iv) Number of Securities Sold During Fiscal Year
2,692,013 shares
For information relating to the calculation of the filing fee,
see Note (1) below.
(v) Number of Securities Sold During Fiscal Year Pursuant to Rule 24f-2
2,692,013 shares
<TABLE>
<CAPTION>
Number of Shares
Aggregate Price
<S>
<C>
<C>
Sales Pursuant to Rule 24f-2:
2,692,013
$
27,396,237
Redemptions:
(1,360,016)
$
(13,513,074)
Net Sales Pursuant to Rule 24f-2:
1,331,997
$
13,883,163
</TABLE>
Note (1) : Pursuant to Rule 24f-2(c), the filing fee, calculated in the
manner specified in Section 6(b) of the Securities Act
of 1933, amounted to: $2,776.63
Fidelity Union Street Trust
:
Spartan Maryland Municipal Income Fund
By John H. Costello
Assistant Treasurer
</PAGE>
<PAGE>
FILE NO. 2-50318
Fidelity Union Street Trust
: Spartan Municipal Income Fund
RULE 24F-2 - FILED PURSUANT TO RULE
24f-2(b)(1) OF THE INVESTMENT COMPANY ACT OF 1940
(i) Fiscal Year for Which Notice Filed
Fiscal year ended August 31, 1994
(ii) Number of Securities Which Remained Unsold at Beginning of Fiscal Year
Registered Other Than Pursuant to Rule 24f-2
No shares
(iii) Number of Securities Registered During Fiscal Year Other Than Pursuant
to Rule 24f-2
5,280,074 shares
(iv) Number of Securities Sold During Fiscal Year
13,609,404 shares
For information relating to the calculation of the filing fee,
see Note (1) below.
(v) Number of Securities Sold During Fiscal Year Pursuant to Rule 24f-2
13,609,404 shares
<TABLE>
<CAPTION>
Number of Shares
Aggregate Price
<S>
<C>
<C>
Sales Pursuant to Rule 24f-2:
13,609,404
$
144,360,608
Redemptions See Note (2) :
(13,609,404)
$
(144,360,608)
Note (2) : The total number of shares redeemed for the total dollar amount of
redemptions for the fiscal period ended August 31, 1994
, aggregated
32,895,616
and $346,734,933
, respectively. An additional filing
pursuant to Rule 24e-2 can be made to register a number of shares
that will include the share redemptions not utilized under Rule 24f-2.
Net Sales Pursuant to Rule 24f-2:
0
$
0
</TABLE>
Note (1) : Pursuant to Rule 24f-2(c), the filing fee, calculated in the
manner specified in Section 6(b) of the Securities Act
of 1933, amounted to: $0
Fidelity Union Street Trust
:
Spartan Municipal Income Fund
By John H. Costello
Assistant Treasurer
</PAGE>
<PAGE>
FILE NO. 2-50318
Fidelity Union Street Trust
: Spartan Short-Intermediate Municipal Fund
RULE 24F-2 - FILED PURSUANT TO RULE
24f-2(b)(1) OF THE INVESTMENT COMPANY ACT OF 1940
(i) Fiscal Year for Which Notice Filed
Fiscal year ended August 31, 1994
(ii) Number of Securities Which Remained Unsold at Beginning of Fiscal Year
Registered Other Than Pursuant to Rule 24f-2
No shares
(iii) Number of Securities Registered During Fiscal Year Other Than Pursuant
to Rule 24f-2
No shares
(iv) Number of Securities Sold During Fiscal Year
120,279,629 shares
For information relating to the calculation of the filing fee,
see Note (1) below.
(v) Number of Securities Sold During Fiscal Year Pursuant to Rule 24f-2
120,279,629 shares
<TABLE>
<CAPTION>
Number of Shares
Aggregate Price
<S>
<C>
<C>
Sales Pursuant to Rule 24f-2:
120,279,629
$
1,202,474,504
Redemptions:
(110,516,450)
$
(1,098,806,237)
Net Sales Pursuant to Rule 24f-2:
9,763,179
$
103,668,267
</TABLE>
Note (1) : Pursuant to Rule 24f-2(c), the filing fee, calculated in the
manner specified in Section 6(b) of the Securities Act
of 1933, amounted to: $20,733.65
Fidelity Union Street Trust
:
Spartan Short-Intermediate Municipal Fund
By John H. Costello
Assistant Treasurer
</PAGE>
Fidelity (logo) Investments
FMR Corp.
82 Devonshire Street
Boston MA 02109-3614
617 570 7000
October 5, 1994
Mr. John Costello, Assistant Treasurer
Fidelity Union Street Trust (the trust):
Fidelity Spartan Ginnie Mae Fund
Fidelity Spartan Maryland Municipal Income Fund
Fidelity Spartan Short-Intermediate Municipal Fund
Fidelity Spartan Intermediate Municipal Fund
Fidelity Spartan Municipal Income Portfolio
Fidelity Spartan Aggressive Municipal Fund (the funds)
82 Devonshire Street
Boston, Massachusetts 02109
Dear Mr. Costello:
Fidelity Union Street Trust (the Trust) is a Massachusetts business
trust initially created under the name of Fidelity Daily Income Trust
under a written Declaration of Trust dated March 1, 1974 and
executed and delivered in Boston, Massachusetts. A supplement to
the Declaration of Trust was adopted March 6, 1975 and delivered
in Boston Massachusetts. A supplement to the Declaration of Trust
was adopted by the Trustees of the Trust on October 12, 1979 and
filed with the Secretary of the Commonwealth of Massachusetts on
December 26, 1979. A Supplement to the Declaration of Trust was
adopted by the Trust's Trustees on July 17, 1980 and executed on
January 20, 1981. A supplement to the Declaration of Trust was
adopted by the Trust's Trustees on October 22, 1982 and filed with
the City of Boston on May 11, 1983. The Declaration of Trust was
amended, restated and executed on November 18, 1986 and
delivered in Boston, Massachusetts on November 21, 1986. A
supplement to the Declaration of Trust was executed and filed with
the Secretary of the Commonwealth of Massachusetts on January
12, 1990. An additional supplement to the Declaration of Trust,
changing the name of the Trust from Fidelity Daily Income Trust to
Fidelity Union Street Trust was dated and filed the Secretary of the
Commonwealth of Massachusetts on April 30, 1990.
I have conducted such legal and factual inquiry as I have deemed
necessary for the purpose of rendering this opinion.
Capitalized terms used herein, and not otherwise herein defined, are
used as defined in the Declaration of Trust.
Under Article III, Section 1, of the Declaration of Trust, the
beneficial interest in the Trust shall be divided into such transferable
Shares of one or more separate and distinct Series as the Trustees
shall from time to time create and establish. The number of Shares
is unlimited and each Share shall be without par value and shall be
fully paid and non assessable. The Trustees shall have full power
and authority, in their sole discretion and without obtaining any
prior authorization or vote of the Shareholders of the Trust to
create and establish (and to change in any manner) Shares with such
preferences, voting powers, rights, and privileges as the Trustees
may from time to time determine, to divide or combine the Shares
into a greater or lesser number, to classify or reclassify any issued
Shares into one or more Series of Shares, to abolish any one or
more Series of Shares, and to take such other action with respect to
the Shares as the Trustees may deem desirable.
Under Article III, Section 4, the Trustees shall accept investments
in the Trust from such persons and on such terms as they may from
time to time authorize. Such investments may be in the form of
cash or securities in which the appropriate Series is authorized to
invest, valued as provided in Article X, Section 3. After the date of
the initial contribution of capital, the number of Shares to represent
the initial contribution may in the Trustees' discretion be considered
as outstanding and the amount received by the Trustees on account
of the contribution shall be treated as an asset of the Trust.
Subsequent investments in the Trust shall be credited to each
Shareholder's account in the form of full Shares of the Trust at the
Net Asset Value per Share next determined after the investment is
received; provided, however, that the Trustees may, in their sole
discretion, (a) impose a sales charge upon investments in the Trust
and (b) issue fractional Shares.
By a vote adopted on October 1, 1984, and amended on February
22, 1985, the Board of Trustees authorized the issue and sale, from
time to time, of an unlimited number of shares of beneficial interest
of the trust in accordance with the terms included in the current
Registration Statement and subject to the limitations of the
Declaration of Trust and any amendments thereto.
I understand from you that, pursuant to Rule 24f-2 under the
Investment Company Act of 1940, the trust has registered an
indefinite amount of shares of beneficial interest under the
Securities Act of 1933. I further understand that, pursuant to the
provisions of Rule 24f-2, the trust intends to file with the
Securities and Exchange Commision a Notice making definite the
registration of 185,351,776 shares of the trust (the "Shares") sold in
reliance upon Rule 24f-2 during the fiscal year ended August 31,
1994 .
I am of the opinion that all necessary trust action precedent to the
issue of Shares has been duly taken, and that all the Shares were
legally and validly issued, and are fully paid and non assessable,
except as described in the funds' Statements of Additional
Information under the heading "Shareholder and Trustee Liability"
for Fidelity Spartan Ginnie Mae Fund and Fidelity Spartan
Maryland Municipal Income Fund and "Shareholder and Trustee
Liability - Massachusetts Trust" for Fidelity Spartan
Short-Intermediate Municipal Fund, Fidelity Spartan Intermediate
Municipal Fund, Fidelity Spartan Municipal Income Portfolio, and
Fidelity Spartan Aggressive Municipal Fund. In rendering this
opinion, I rely on the representation by the trust that it or its agent
received consideration for the Shares in accordance with the
Declaration of Trust and I express no opinion as to compliance with
the Securities Act of 1933, the Investment Company Act of 1940 or
applicable state "Blue Sky" or securities laws in connection with
sales of the Shares.
I hereby consent to the filing of this opinion with the Securities and
Exchange Commission in connection with a Rule 24f-2 Notice
which you are about to file under the 1940 Act with said
commission.
Sincerely,
/s/Judith R. Hogan
Judith R. Hogan
Sr. Legal Counsel
