SUPPLEMENT TO THE
SPARTAN(registered trademark)MUNICIPAL
FUNDS' PROSPECTUS
DATED OCTOBER 20, 1994
The following information
replaces the similar
information found in the
Expenses section on page 5:
SHAREHOLDER TRANSACTION
EXPENSES are charges you
pay when you buy, sell, or
hold shares of a fund. See
page 29 for more information
about these fees.
Maximum sales charge on
purchases and
reinvested distributions None
Deferred sales charge on
redemptions None
Redemption fee (as a % of
amount redeemed
on shares held less than 180
days)
for Spartan Municipal Income .50
%
for Spartan Aggressive Municipal
1.00%
for all other funds None
Exchange and wire transaction
fees $5.00
Checkwriting fee, per check
written
(available for Spartan Municipal
Money,
Spartan Short-Intermediate
Municipal, and
Spartan Intermediate Municipal)
$2.00
Annual account maintenance fee
(for accounts under $2,500) $12.
00
The following information
replaces information with
respect to Spartan
Intermediate Municipal in the
Expenses and Performance
sections on pages 5 and 6:
FMR has voluntarily agreed
to temporarily limit operating
expenses of Spartan
Intermediate Municipal to
.45% of the fund's average
net assets. If this agreement
were not in effect, the
management fee and total
operating expenses would be
.55%. Expenses eligible for
reimbursement do not
include interest, taxes,
brokerage commissions, or
extraordinary expenses.
SPARTAN INTERMEDIATE MUNICIPAL
Operating Expenses:
Management fee (after
reimbursement) 0.45%
12b-1 fee
None
Other expenses
0.00%
Total fund operating expenses
0.45%
SPARTAN INTERMEDIATE MUNICIPAL
Examples:
Account open
Acount closed
After 1 year $5 $10
After 3 years $14 $19
After 5 years $25 $30
After 10 years $57 $62
SUPPLEMENT TO THE
SPARTAN(registered trademark)MUNICIPAL
FUNDS' PROSPECTUS
DATED OCTOBER 20, 1994
The following information
replaces the similar
information found in the
Expenses section on page 5:
SHAREHOLDER TRANSACTION
EXPENSES are charges you
pay when you buy, sell, or
hold shares of a fund. See
page 29 for more information
about these fees.
Maximum sales charge on
purchases and
reinvested distributions None
Deferred sales charge on
redemptions None
Redemption fee (as a % of
amount redeemed
on shares held less than 180
days)
for Spartan Municipal Income .50
%
for Spartan Aggressive Municipal
1.00%
for all other funds None
Exchange and wire transaction
fees $5.00
Checkwriting fee, per check
written
(available for Spartan Municipal
Money,
Spartan Short-Intermediate
Municipal, and
Spartan Intermediate Municipal)
$2.00
Annual account maintenance fee
(for accounts under $2,500) $12.
00
The following information
replaces information with
respect to Spartan
Intermediate Municipal in the
Expenses and Performance
sections on pages 5 and 6:
FMR has voluntarily agreed
to temporarily limit operating
expenses of Spartan
Intermediate Municipal to
.45% of the fund's average
net assets. If this agreement
were not in effect, the
management fee and total
operating expenses would be
.55%. Expenses eligible for
reimbursement do not
include interest, taxes,
brokerage commissions, or
extraordinary expenses.
SPARTAN INTERMEDIATE MUNICIPAL
Operating Expenses:
Management fee (after
reimbursement) 0.45%
12b-1 fee
None
Other expenses
0.00%
Total fund operating expenses
0.45%
SPARTAN INTERMEDIATE MUNICIPAL
Examples:
Account open
Acount closed
After 1 year $5 $10
After 3 years $14 $19
After 5 years $25 $30
After 10 years $57 $62
SMU-95-2 (PAGE 1 OF 2) February 1, 1995
SMU-95-2 (PAGE 1 OF 2) February 1, 1995
The following paragraph
supplements the information
found in the section entitled
Transaction Details beginning
on page 33:
FIDELITY RESERVES THE RIGHT
TO DEDUCT AN ANNUAL
MAINTENANCE FEE of $12.00
from accounts with a value of
less than $2,500, subject to
an annual maximum charge
of $60.00 per shareholder. It
is expected that accounts will
be valued on the second
Friday in November of each
year. Accounts opened after
September 30 will not be
subject to the fee for that
year. The fee, which is
payable to the transfer agent,
is designed to offset in part
the relatively higher costs of
servicing smaller accounts.
The fee will not be deducted
from retirement accounts,
accounts using regular
investment plans, or if total
assets in Fidelity funds
exceed $50,000. Eligibility for
the $50,000 waiver is
determined by aggregating
Fidelity mutual fund accounts
maintained by FSC or FBSI
which are registered under
the same social security
number or which list the
same social security number
for the custodian of a
Uniform Gifts/Transfers to
Minors Act account.
The following paragraph
supplements the information
found in the section entitled
Transaction Details beginning
on page 33:
FIDELITY RESERVES THE RIGHT
TO DEDUCT AN ANNUAL
MAINTENANCE FEE of $12.00
from accounts with a value of
less than $2,500, subject to
an annual maximum charge
of $60.00 per shareholder. It
is expected that accounts will
be valued on the second
Friday in November of each
year. Accounts opened after
September 30 will not be
subject to the fee for that
year. The fee, which is
payable to the transfer agent,
is designed to offset in part
the relatively higher costs of
servicing smaller accounts.
The fee will not be deducted
from retirement accounts,
accounts using regular
investment plans, or if total
assets in Fidelity funds
exceed $50,000. Eligibility for
the $50,000 waiver is
determined by aggregating
Fidelity mutual fund accounts
maintained by FSC or FBSI
which are registered under
the same social security
number or which list the
same social security number
for the custodian of a Uniform
Gifts/Transfers to Minors Act
account.
(PAGE 2 OF 2)
(PAGE 2 OF 2)
