SPARTAN(registered trademark) MASSACHUSETTS MUNICIPAL
MONEY MARKET PORTFOLIO
SUPPLEMENT TO THE MARCH 20, 1993 PROSPECTUS
The following information replaces the corresponding sections found in the
section entitled "Summary of Fund Expenses" beginning on page 2.
B. ANNUAL FUND OPERATING EXPENSES (as a percentage of average net assets)
Management Fee .50%
12b-1 Fee None
Other Expenses .00%
TOTAL FUND OPERATING EXPENSES .50%
C. EXAMPLES
1 YEAR 3 YEARS 5 YEARS 10 YEARS
You would pay the following
expenses on a $1,000 invest-
ment in the fund assuming
(1) a 5% annual return and
(2) full redemption at the end
of each time period: $10 $21 $33 $68
You would pay the following
expenses on the same invest-
ment, assuming no redemptions: $5 $16 $28 $63
B. ANNUAL FUND OPERATING EXPENSES are based on the fund's historical
expenses. Management fees are paid by the fund to FMR to provide the fund
with investment advisory and other services, such as maintaining
shareholder records, portfolio accounting, and custodial services. FMR is
responsible for all other expenses of the fund with certain exceptions.
Management fees and other expenses are reflected in the fund's share price
or dividends and are not charged directly to individual accounts. Please
refer to the section entitled "Management, Distribution, and Service Fees"
on page 10 for further information.
The following information supplements that found in the section entitled
"Exchange Privilege" on page 14.
FEES. YOU MAY BE CHARGED A FEE OF $5.00 FOR EACH EXCHANGE YOU MAKE OUT
OF THE FUNDS, unless you initiate your transaction on Fidelity's automated
exchange services. If applicable, the exchange fee will be deducted from
your exchange proceeds.
SMA-94-1 January 1, 1994
