SUPPLEMENT TO THE SPARTAN MARYLAND
MUNICIPAL INCOME
FUND
PROSPECTUS
DATED OCTOBER 25, 1995
Effective February 1, 1996, the following information replaces the similar
information found in the "Expenses" section on page 4.
The following are projections based on historical expenses, adjusted to
reflect current fees, and are calculated as a percentage of average net
assets.
Management fee (after reimbursement) .40%
12b-1 fee None
Other expenses .00%
Total fund operating expenses .40%
EXAMPLES: Let's say, hypothetically, that the fund's annual return is 5%
and that its operating expenses are exactly as just described. For every
$1,000 you invested, here's how much you would pay in total expenses after
the number of years indicated, first assuming that you leave your account
open, and then assuming that you close your account at the end of the
period:
Account open Account closed
After 1 year $ 4 $ 9
After 3 years $ 13 $ 18
After 5 years $ 22 $ 27
After 10 years $ 51 $ 56
These examples illustrate the effect of expenses, but are not meant to
suggest actual or expected costs or returns, all of which may vary.
FMR has voluntarily agreed to temporarily limit the fund's total operating
expenses to .40% of the fund's average net assets. If this agreement were
not in effect, the management fee, other expenses, and total operating
expenses would be .55%, .00%, and .55%, respectively. Expenses eligible for
reimbursement do not include interest, taxes, brokerage commissions, or
extraordinary expenses.
