SUPPLEMENT TO THE SPARTAN(Registered trademark)
MUNICIPAL
FUNDS PROSPECTUS
DATED OCTOBER 18, 1993
The following information
replaces information on
Expenses and Performance on
pages 6 and 7, respectively.
FMR has voluntarily agreed to
temporarily limit total operating
expenses of Spartan Municipal
Money, Spartan
Short-Intermediate Municipal ,
and Spartan Intermediate
Municipal to .32%, .40% , and
.20% respectively, of each
fund's average net assets. If
these agreements were not in
effect, the management fees
and total operating expenses
would be .50%, .55%, and
.55%, respectively. Expenses
eligible for reimbursement do
not include interest, taxes,
brokerage commissions, or
extraordinary expenses.
(continued)
SMU-94-2 January 10, 1994
SUPPLEMENT TO THE SPARTAN(Registered trademark)
MUNICIPAL
FUNDS PROSPECTUS
DATED OCTOBER 18, 1993
The following information
replaces information on
Expenses and Performance on
pages 6 and 7, respectively.
FMR has voluntarily agreed to
temporarily limit total operating
expenses of Spartan Municipal
Money, Spartan
Short-Intermediate Municipal ,
and Spartan Intermediate
Municipal to .32%, .40% , and
.20% respectively, of each
fund's average net assets. If
these agreements were not in
effect, the management fees
and total operating expenses
would be .50%, .55%, and
.55%, respectively. Expenses
eligible for reimbursement do
not include interest, taxes,
brokerage commissions, or
extraordinary expenses.
(continued)
SMU-94-2 January 10, 1994
SPARTAN SHORT-INTERMEDIATE MUNICIPAL
Operating expenses Examples
Account Account
open closed
Management fee (after .40% After 1 $ 4 $ 9
reimbursement) year
12b-1 fee None After 3 $ 13 $18
years
Other expenses .00% After 5 $22 $27
years
Total fund operating .40% After 10 $51 $56
expenses years
SPARTAN SHORT-INTERMEDIATE MUNICIPAL
Operating expenses Examples
Account Account
open closed
Management fee (after .40% After 1 $ 4 $ 9
reimbursement) year
12b-1 fee None After 3 $ 13 $18
years
Other expenses .00% After 5 $22 $27
years
Total fund operating .40% After 10 $51 $56
expenses years
SPARTAN INTERMEDIATE MUNICIPAL
Operating expenses Examples
Account Account
open closed
Management fee (after .20% After 1 $ 2 $ 7
reimbursement) year
12b-1 fee None After 3 $ 6 $11
years
Other expenses .00% After 5 $11 $16
years
Total fund operating .20% After 10 $26 $31
expenses years
The following information
replaces the first paragraph in
the Transactions Services
section on page 17.
EXCHANGE PRIVILEGE. You may
sell your fund shares and buy
shares of other Fidelity funds
by telephone or in writing.
There may be a $5.00 fee for
each exchange out of the funds
unless you place your
transaction on Fidelity's
automated exchange services.
(page 2)
The following information
replaces the first paragraph in
the Transactions Services
section on page 17.
EXCHANGE PRIVILEGE. You may
sell your fund shares and buy
shares of other Fidelity funds
by telephone or in writing.
There may be a $5.00 fee for
each exchange out of the funds
unless you place your
transaction on Fidelity's
automated exchange services.
(page 2)
SPARTAN INTERMEDIATE MUNICIPAL
Operating expenses Examples
Account Account
open closed
Management fee (after .20% After 1 $ 2 $ 7
reimbursement) year
12b-1 fee None After 3 $ 6 $11
years
Other expenses .00% After 5 $11 $16
years
Total fund operating .20% After 10 $26 $31
expenses years
