SUPPLEMENT TO THE
SPARTAN(registered trademark) ARIZONA
MUNICIPAL FUNDS
PROSPECTUS
DATED OCTOBER 25, 1995
Effective February 1, 1996, the following information replaces similar
information found under "Expenses" beginning on page 6.
SPARTAN ARIZONA MONEY MARKET
Management fee (after reimbursement) .20%
12b-1 fee None
Other expenses .00%
Total fund operating expenses .20%
SPARTAN ARIZONA INCOME
Management fee (after reimbursement) .25%
12b-1 fee None
Other expenses .00%
Total fund operating expenses .25%
SPARTAN ARIZONA MONEY MARKET
Account open Account closed
After 1 year $ 2 $ 7
After 3 years $ 6 $ 11
After 5 years $ 11 $ 16
After 10 years $ 26 $ 31
SPARTAN ARIZONA INCOME
Account open Account closed
After 1 year $ 1 $ 8
After 3 years $ 3 $ 13
After 5 years $ 6 $ 19
After 10 years $ 13 $ 37
FMR has voluntarily agreed to temporarily limit Spartan Arizona Municipal
Money Market Portfolio's operating expenses to .20% of its average net
assets and Spartan Arizona Municipal Income Portfolio's operating expenses
to .25% of its average net assets. If these agreements were not in effect,
the management fee, other expenses, and total operating expenses would be
.50%, .00%, and .50%, respectively, for Spartan Arizona Municipal Money
Market and .55%, .00%, and .55%, respectively, for Spartan Arizona
Municipal Income. Expenses eligible for reimbursement do not include
interest, taxes, brokerage commissions, or extraordinary expenses.
