FIDELITY UNION STREET TRUST
485B24E, 1996-12-05
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<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM N-1A 
REGISTRATION STATEMENT  (NO. 2-50318)
UNDER THE SECURITIES ACT OF 1933           [   ]    
 
Pre-Effective Amendment No. ____________   [   ]    
 
Post-Effective Amendment No. _____95____   [ X  ]   
 
and                                                 
 
REGISTRATION STATEMENT UNDER THE INVESTMENT
COMPANY ACT OF 1940          [   ]   
 
Amendment No. ____________   [   ]   
 
Fidelity Union Street Trust                                                
                                                                         
(Exact Name of Registrant as Specified in Charter)
82 Devonshire Street, Boston, MA  02109                                    
                                                            
(Address of Principal Executive Offices)
Registrant's Telephone Number:     (617) 563-7000                          
                                                         
 
Arthur S. Loring, Esq., 82 Devonshire Street, Boston, MA  02109            
                                                  
(Name and Address of Agent for Service)
It is proposed that this filing will become effective on December 5, 1996,
pursuant to Paragraph (b) of Rule 485.
CALCULATION OF REGISTRATION FEE
 
<TABLE>
<CAPTION>
<S>             <C>                <C>                        <C>                   <C>                
Title                                                                                                  
of                                                            Proposed                                 
Securities      Amount             Proposed                   Maximum                                  
Being           of Shares          Maximum                    Aggregate             Amount of          
Registered      Being Registered   Offering per Unit          Offering Price        Registration Fee   
 
See Attached         27,137,606*             See Attached            $364,436,667               $100   
Schedule                           Schedule                                                            
 
                                                                                                       
 
</TABLE>
 
See attached schedule for detailed portfolio listings.
 
The fee for the above shares to be registered by this filing has been
computed on the basis of the average of the bid and ask prices in effect on
November 29, 1996.
* This calculation has been made pursuant to Rule 24e-2 under the
Investment Company Act of 1940.  Registrant, during its fiscal year ended
August 31, 1996, redeemed or repurchased 127,119,277 shares.  32,598,393
shares are being utilized for the purpose of reduction pursuant to
Paragraph (2) of such rule.  94,520,884 redeemed or repurchased shares were
used for reduction pursuant to Paragraph (a) of Rule 24e-2 or Paragraph (c)
of Rule 24f-2 in previous filings of post-effective amendments during the
current year.
 
 
 
 
 
FIDELITY UNION STREET TRUST
NO.  2-50318
FORM N-1A
DETAIL SCHEDULE
 
 
<TABLE>
<CAPTION>
<S>                 <C>          <C>              <C>            <C>           <C>              <C>                   
                                                                                                SHARES REDEEMED OR    
                                                                                                REPURCHASED USED      
                                                                                                FOR REDUCTION         
                                 PROPOSED                                      SHARES           PURSUANT TO           
                                 MAXIMUM                                       BEING            PARAGRAPH (A) OF      
                                 OFFERING         PROPOSED       SHARES         UTILIZED FOR    RULE 24E-2 OR         
                    AMOUNT OF    PRICE PER        MAXIMUM        REDEEMED      REDUCTION        PARAGRAPH (C) OF      
PORTFOLIO           SHARES       UNIT             AGGREGATE      YEAR-END      PURSUANT TO      RULE 24F-2            
                    BEING                         OFFERING       8/31/96       PARAGRAPH                              
                    REGISTERED                    PRICE                        (2) OF RULE                            
                                                                               24E-2                                  
 
Export Fund         12,152,108         $17.47     $212,297,341   64,106,331    17,418,567             46,687,764      
 
Sp. Intermediate    301,328           $10.31      $3,106,689     13,034,511    340,315                12,694,196      
Muni                                                                                                                  
 
Sp. Muni Income     3,340,767            $10.52   35,144,866     10,923,817    3,419,446        7,504,371             
                                                                                                                      
 
Sp. Short Int       11,343,403           10.04    113,887,771    39,054,618    11,420,065          27,634,553         
Muni                                                                                                                  
 
     Total          27,137,606                    $364,436,667   127,119,277   32,598,393           94,520,884        
 
                                                                                                                      
 
</TABLE>
 
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, the Registrant certifies that it meets all
of the requirements for the effectiveness of this Registration Statement
pursuant to Rule 485(b) under the Securities Act of 1933 and has duly
caused this Post-Effective Amendment No. 95 to the Registration Statement
to be signed on its behalf by the undersigned, thereunto duly authorized,
in the City of Boston, and Commonwealth of Massachusetts, on the 5th day of
December 1996.
      FIDELITY UNION STREET TRUST
      By /s/Edward C. Johnson 3d (dagger)
        Edward C. Johnson 3d, President
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons in
the capacities and on the dates indicated.
     (Signature)    (Title)   (Date)   
 
 
<TABLE>
<CAPTION>
<S>                               <C>                             <C>                 
/s/Edward C. Johnson 3d(dagger)   President and Trustee           December 5, 1996    
 
    Edward C. Johnson 3d          (Principal Executive Officer)                       
 
                                                                                      
 
</TABLE>
 
/s/Kenneth A. Rathgeber ***    Treasurer   December 5, 1996   
 
    Kenneth A. Rathgeber               
 
/s/J. Gary Burkhead    Trustee   December 5, 1996   
 
    J. Gary Burkhead               
 
                                                               
/s/Ralph F. Cox               *   Trustee   December 5, 1996   
 
   Ralph F. Cox               
 
                                                            
/s/Phyllis Burke Davis    **   Trustee   December 5, 1996   
 
    Phyllis Burke Davis               
 
                                                              
/s/Richard J. Flynn          *   Trustee   December 5, 1996   
 
    Richard J. Flynn               
 
                                                              
/s/E. Bradley Jones         **   Trustee   December 5, 1996   
 
    E. Bradley Jones               
 
                                                                
/s/Donald J. Kirk             *   Trustee   December  5, 1996   
 
    Donald J. Kirk               
 
                                                                
/s/Peter S. Lynch             **   Trustee   December 5, 1996   
 
    Peter S. Lynch               
 
                                                          
/s/Edward H. Malone      *   Trustee   December 5, 1996   
 
   Edward H. Malone                
 
                                                         
/s/Marvin L. Mann_____ *    Trustee   December 5, 1996   
 
   Marvin L. Mann                
 
/s/Gerald C. McDonough *   Trustee   December 5, 1996   
 
    Gerald C. McDonough               
 
/s/Thomas R. Williams     *   Trustee   December 5, 1996   
 
   Thomas R. Williams               
 
(dagger) Signatures affixed by J. Gary Burkhead pursuant to a power of
attorney dated October 17, 1996 and filed herewith.
* Signature affixed by Robert C. Hacker pursuant to a power of attorney
dated October 17, 1996 and filed herewith.
**  Signature affixed by Robert C. Hacker pursuant to a power of attorney
dated December 15, 1994 and filed herewith.
*** Signature affixed by John Costello pursuant to a power of attorney
dated October 17, 1996 and filed herewith.
 
 
POWER OF ATTORNEY
 We, the undersigned Directors, Trustees, or General Partners, as the case
may be, of the following investment companies:
 
<TABLE>
<CAPTION>
<S>                                   <C>                                               
Fidelity Advisor Annuity Fund         Fidelity Income Fund                              
Fidelity Advisor Series I             Fidelity Institutional Trust                      
Fidelity Advisor Series II            Fidelity Investment Trust                         
Fidelity Advisor Series III           Fidelity Magellan Fund                            
Fidelity Advisor Series IV            Fidelity Massachusetts Municipal Trust            
Fidelity Advisor Series V             Fidelity Mt. Vernon Street Trust                  
Fidelity Advisor Series VI            Fidelity Municipal Trust                          
Fidelity Advisor Series VII           Fidelity New York Municipal Trust                 
Fidelity Advisor Series VIII          Fidelity Puritan Trust                            
Fidelity Boston Street Trust          Fidelity School Street Trust                      
Fidelity California Municipal Trust   Fidelity Securities Fund                          
Fidelity Capital Trust                Fidelity Select Portfolios                        
Fidelity Charles Street Trust         Fidelity Sterling Performance Portfolio, L.P.     
Fidelity Commonwealth Trust           Fidelity Summer Street Trust                      
Fidelity Congress Street Fund         Fidelity Trend Fund                               
Fidelity Contrafund                   Fidelity U.S. Investments-Bond Fund, L.P.         
Fidelity Corporate Trust              Fidelity U.S. Investments-Government Securities   
Fidelity Court Street Trust              Fund, L.P.                                     
Fidelity Covington Trust              Fidelity Union Street Trust                       
Fidelity Deutsche Mark Performance    Fidelity Yen Performance Portfolio, L.P.          
  Portfolio, L.P.                     Variable Insurance Products Fund                  
Fidelity Devonshire Trust             Variable Insurance Products Fund II               
Fidelity Exchange Fund                                                                  
Fidelity Financial Trust                                                                
Fidelity Fixed-Income Trust                                                             
Fidelity Government Securities Fund                                                     
Fidelity Hastings Street Trust                                                          
 
</TABLE>
 
plus any other investment company for which Fidelity Management & Research
Company or an affiliate acts as investment adviser and for which the
undersigned individuals serve as Directors, Trustees, or General Partners 
(collectively, the "Funds"), hereby severally constitute and appoint Arthur
J. Brown, Arthur C. Delibert, Stephanie A. Djinis, Robert C. Hacker, Thomas
M. Leahey, Richard M. Phillips and Dana L. Platt,  each of them singly, our
true and lawful attorneys-in-fact, with full power of substitution, and
with full power to each of them, to sign for us and in our names in the
appropriate capacities, all Registration Statements of the Funds on Form
N-1A, Form N-8A or any successor thereto, any and all subsequent
Amendments, Pre-Effective Amendments, or Post-Effective Amendments to said
Registration Statements on Form N-1A or any successor thereto, any
Registration Statements on Form N-14, and any supplements or other
instruments in connection therewith, and generally to do all such things in
our names and behalf in connection therewith as said attorneys-in-fact deem
necessary or appropriate, to comply with the provisions of the Securities
Act of 1933 and the Investment Company Act of 1940, and all related
requirements of the Securities and Exchange Commission, hereby ratifying
and confirming all that said attorneys-in-fact or their substitutes may do
or cause to be done by virtue hereof.
 WITNESS our hands on this seventeenth day of October, 1996.
/s/Edward C. Johnson 3d              /s/Donald J. Kirk                     
 
Edward C. Johnson 3d                 Donald J. Kirk                        
 
                                                                           
 
/s/J. Gary Burkhead                  ____________________                  
 
J. Gary Burkhead                     Peter S. Lynch                        
 
/s/Ralph F. Cox                      /s/Gerald C. McDonough                
 
Ralph F. Cox                         Gerald C. McDonough                   
 
                                                                           
 
                                                                           
 
___________________                  /s/Edward H. Malone                   
 
Phyllis Burke Davis                  Edward H. Malone                      
 
                                                                           
 
                                                                           
 
/s/Richard J. Flynn                  /s/Marvin L. Mann                     
 
Richard J. Flynn                     Marvin L. Mann                        
 
                                                                           
 
                                                                           
 
___________________                  /s/Thomas R. Williams                 
 
E. Bradley Jones                     Thomas R. Williams                    
 
                                                                           
 
POWER OF ATTORNEY
 I, the undersigned President and Director, Trustee, or General Partner, as
the case may be, of the following investment companies:
 
<TABLE>
<CAPTION>
<S>                                   <C>                                               
Fidelity Advisor Annuity Fund         Fidelity Institutional Trust                      
Fidelity Advisor Series I             Fidelity Investment Trust                         
Fidelity Advisor Series II            Fidelity Magellan Fund                            
Fidelity Advisor Series III           Fidelity Massachusetts Municipal Trust            
Fidelity Advisor Series IV            Fidelity Mt. Vernon Street Trust                  
Fidelity Advisor Series V             Fidelity Municipal Trust                          
Fidelity Advisor Series VI            Fidelity New York Municipal Trust                 
Fidelity Advisor Series VII           Fidelity Puritan Trust                            
Fidelity Advisor Series VIII          Fidelity School Street Trust                      
Fidelity Boston Street Trust          Fidelity Securities Fund                          
Fidelity California Municipal Trust   Fidelity Select Portfolios                        
Fidelity Capital Trust                Fidelity Sterling Performance Portfolio, L.P.     
Fidelity Charles Street Trust         Fidelity Summer Street Trust                      
Fidelity Commonwealth Trust           Fidelity Trend Fund                               
Fidelity Congress Street Fund         Fidelity U.S. Investments-Bond Fund, L.P.         
Fidelity Contrafund                   Fidelity U.S. Investments-Government Securities   
Fidelity Corporate Trust                 Fund, L.P.                                     
Fidelity Court Street Trust           Fidelity Union Street Trust                       
Fidelity Covington Trust              Fidelity Yen Performance Portfolio, L.P.          
Fidelity Destiny Portfolios           Variable Insurance Products Fund                  
Fidelity Deutsche Mark Performance    Variable Insurance Products Fund II               
  Portfolio, L.P.                                                                       
Fidelity Devonshire Trust                                                               
Fidelity Exchange Fund                                                                  
Fidelity Financial Trust                                                                
Fidelity Fixed-Income Trust                                                             
Fidelity Government Securities Fund                                                     
Fidelity Hastings Street Trust                                                          
Fidelity Income Fund                                                                    
 
</TABLE>
 
plus any other investment company for which Fidelity Management & Research
Company or an affiliate acts as investment adviser and for which the
undersigned individual serves as President and Director, Trustee, or
General Partner (collectively, the "Funds"), hereby constitute and appoint
J. Gary Burkhead my true and lawful attorney-in-fact, with full power of
substitution, and with full power to him to sign for me and in my name in
the appropriate capacity, all Registration Statements of the Funds on Form
N-1A, Form N-8A or any successor thereto, any and all subsequent
Amendments, Pre-Effective Amendments, or Post-Effective Amendments to said
Registration Statements on Form N-1A or any successor thereto, any
Registration Statements on Form N-14, and any supplements or other
instruments in connection therewith, and generally to do all such things in
my name and behalf in connection therewith as said attorney-in-fact deems
necessary or appropriate, to comply with the provisions of the Securities
Act of 1933 and the Investment Company Act of 1940, and all related
requirements of the Securities and Exchange Commission.  I hereby ratify
and confirm all that said attorney-in-fact or his substitutes may do or
cause to be done by virtue hereof.
 WITNESS my hand on the date set forth below.
/s/Edward C. Johnson 3d          October 17, 1996   
 
Edward C. Johnson 3d                                
 
 
POWER OF ATTORNEY
 I, the undersigned Treasurer and principal financial and accounting
officer of the following investment companies:
 
<TABLE>
<CAPTION>
<S>                                   <C>                                               
Fidelity Advisor Annuity Fund         Fidelity Institutional Trust                      
Fidelity Advisor Series I             Fidelity Investment Trust                         
Fidelity Advisor Series II            Fidelity Magellan Fund                            
Fidelity Advisor Series III           Fidelity Massachusetts Municipal Trust            
Fidelity Advisor Series IV            Fidelity Mt. Vernon Street Trust                  
Fidelity Advisor Series V             Fidelity Municipal Trust                          
Fidelity Advisor Series VI            Fidelity New York Municipal Trust                 
Fidelity Advisor Series VII           Fidelity Puritan Trust                            
Fidelity Advisor Series VIII          Fidelity School Street Trust                      
Fidelity Boston Street Trust          Fidelity Securities Fund                          
Fidelity California Municipal Trust   Fidelity Select Portfolios                        
Fidelity Capital Trust                Fidelity Sterling Performance Portfolio, L.P.     
Fidelity Charles Street Trust         Fidelity Summer Street Trust                      
Fidelity Commonwealth Trust           Fidelity Trend Fund                               
Fidelity Congress Street Fund         Fidelity U.S. Investments-Bond Fund, L.P.         
Fidelity Contrafund                   Fidelity U.S. Investments-Government Securities   
Fidelity Corporate Trust                 Fund, L.P.                                     
Fidelity Court Street Trust           Fidelity Union Street Trust                       
Fidelity Covington Trust              Fidelity Yen Performance Portfolio, L.P.          
Fidelity Destiny Portfolios           Variable Insurance Products Fund                  
Fidelity Deutsche Mark Performance    Variable Insurance Products Fund II               
  Portfolio, L.P.                                                                       
Fidelity Devonshire Trust                                                               
Fidelity Exchange Fund                                                                  
Fidelity Financial Trust                                                                
Fidelity Fixed-Income Trust                                                             
Fidelity Government Securities Fund                                                     
Fidelity Hastings Street Trust                                                          
Fidelity Income Fund                                                                    
 
</TABLE>
 
plus any other investment company for which Fidelity Management & Research
Company or an affiliate acts as investment adviser and for which the
undersigned individuals serve as Treasurer and principal financial and
accounting officer (collectively, the "Funds"), hereby severally constitute
and appoint John H. Costello and John E. Ferris each of them singly, my
true and lawful attorneys-in-fact, with full power of substitution, and
with full power to each of them to sign for me and in my name in the
appropriate capacity, all Registration Statements of the Funds on Form
N-1A, Form N-8A or any successor thereto, any and all subsequent
Amendments, Pre-Effective Amendments, or Post-Effective Amendments to said
Registration Statements on Form N-1A or any successor thereto, any
Registration Statements on Form N-14, and any supplements or other
instruments in connection therewith, and generally to do all such things in
my name and behalf in connection therewith as said attorneys-in-fact deem
necessary or appropriate, to comply with the provisions of the Securities
Act of 1933 and the Investment Company Act of 1940, and all related
requirements of the Securities and Exchange Commission.  I hereby ratify
and confirm all that said attorneys-in-fact or their substitutes may do or
cause to be done by virtue hereof.
 WITNESS my hand on the date set forth below.
/s/Kenneth A. Rathgeber    October 17, 1996   
 
Kenneth A. Rathgeber                          
 
 
POWER OF ATTORNEY
 We, the undersigned Directors, Trustees or General Partners, as the case
may be, of the following investment companies:
 
<TABLE>
<CAPTION>
<S>                                   <C>                                               
Fidelity Advisor Annuity Fund         Fidelity Income Fund                              
Fidelity Advisor Series I             Fidelity Institutional Trust                      
Fidelity Advisor Series II            Fidelity Investment Trust                         
Fidelity Advisor Series III           Fidelity Magellan Fund                            
Fidelity Advisor Series IV            Fidelity Massachusetts Municipal Trust            
Fidelity Advisor Series V             Fidelity Mt. Vernon Street Trust                  
Fidelity Advisor Series VI            Fidelity Municipal Trust                          
Fidelity Advisor Series VII           Fidelity New York Municipal Trust                 
Fidelity Advisor Series VIII          Fidelity Puritan Trust                            
Fidelity California Municipal Trust   Fidelity School Street Trust                      
Fidelity Capital Trust                Fidelity Securities Fund                          
Fidelity Charles Street Trust         Fidelity Select Portfolios                        
Fidelity Commonwealth Trust           Fidelity Sterling Performance Portfolio, L.P.     
Fidelity Congress Street Fund         Fidelity Summer Street Trust                      
Fidelity Contrafund                   Fidelity Trend Fund                               
Fidelity Corporate Trust              Fidelity U.S. Investments-Bond Fund, L.P.         
Fidelity Court Street Trust           Fidelity U.S. Investments-Government Securities   
Fidelity Deutsche Mark Performance       Fund, L.P.                                     
  Portfolio, L.P.                     Fidelity Union Street Trust                       
Fidelity Devonshire Trust             Fidelity Yen Performance Portfolio, L.P.          
Fidelity Exchange Fund                Spartan U.S. Treasury Money Market                
Fidelity Financial Trust                 Fund                                           
Fidelity Fixed-Income Trust           Variable Insurance Products Fund                  
Fidelity Government Securities Fund   Variable Insurance Products Fund II               
Fidelity Hastings Street Trust                                                          
 
</TABLE>
 
plus any other investment company for which Fidelity Management & Research
Company acts as investment adviser and for which the undersigned
individuals serve as Board Members (collectively, the "Funds"), hereby
severally constitute and appoint Arthur J. Brown, Arthur C. Delibert,
Robert C. Hacker, Richard M. Phillips, Dana L. Platt and Stephanie A.
Djinis, each of them singly, our true and lawful attorneys-in-fact, with
full power of substitution, and with full power to each of them, to sign
for us and in our names in the appropriate capacities, all Pre-Effective
Amendments to any Registration Statements of the Funds, any and all
subsequent Post-Effective Amendments to said Registration Statements, any
Registration Statements on Form N-14, and any supplements or other
instruments in connection therewith, and generally to do all such things in
our names and behalf in connection therewith as said attorneys-in-fact deem
necessary or appropriate, to comply with the provisions of the Securities
Act of 1933 and Investment Company Act of 1940, and all related
requirements of the Securities and Exchange Commission, hereby ratifying
and confirming all that said attorneys-in-fact or their substitutes may do
or cause to be done by virtue hereof.
 WITNESS our hands on this fifteenth day of December, 1994.
/s/Edward C. Johnson 3d         /s/Donald J. Kirk              
 
Edward C. Johnson 3d            Donald J. Kirk                 
 
                                                               
 
                                                               
 
/s/J. Gary Burkhead             /s/Peter S. Lynch              
 
J. Gary Burkhead                Peter S. Lynch                 
 
                                                               
 
                                                               
 
/s/Ralph F. Cox                 /s/Marvin L. Mann              
 
Ralph F. Cox                    Marvin L. Mann                 
 
                                                               
 
                                                               
 
/s/Phyllis Burke Davis          /s/Edward H. Malone            
 
Phyllis Burke Davis             Edward H. Malone               
 
                                                               
 
                                                               
 
/s/Richard J. Flynn             /s/Gerald C. McDonough         
 
Richard J. Flynn                Gerald C. McDonough            
 
                                                               
 
                                                               
 
/s/E. Bradley Jones             /s/Thomas R. Williams          
 
E. Bradley Jones                Thomas R. Williams             
 



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