SUPPLEMENT TO THE
FIDELITY TAX-FREE
BOND FUNDS'
PROSPECTUS
DATED FEBRUARY 19, 1995
The following information
replaces similar information
found on page 14.
AGGRESSIVE TAX-FREE seeks
high current income that is
free from federal income tax
by normally investing at least
65% of its total assets in
securities rated A or lower by
Moody's or S&P or, if
unrated, judged by FMR to
be of equivalent quality.
Since the fund can
emphasize lower-quality
securities, FMR's research
and analysis are an integral
part of choosing the fund's
investments. Although the
fund can invest in securities
of any maturity, it generally
invests in medium and
long-term bonds and
maintains a dollar-weighted
average maturity of 10 years
or longer. FMR normally
invests at least 80% of the
fund's assets in federally
tax-free municipal securities.
If you are subject to the
federal alternative minimum
tax, you should note that the
fund may invest up to 20% of
its assets in municipal
securities issued to finance
private activities. The interest
from these investments is a
tax- preference item for
purposes of the tax.
SUPPLEMENT TO THE
FIDELITY TAX-FREE
BOND FUNDS'
PROSPECTUS
DATED FEBRUARY 19, 1995
The following information
replaces similar information
found on page 14.
AGGRESSIVE TAX-FREE seeks
high current income that is
free from federal income tax
by normally investing at least
65% of its total assets in
securities rated A or lower by
Moody's or S&P or, if
unrated, judged by FMR to
be of equivalent quality.
Since the fund can
emphasize lower-quality
securities, FMR's research
and analysis are an integral
part of choosing the fund's
investments. Although the
fund can invest in securities
of any maturity, it generally
invests in medium and
long-term bonds and
maintains a dollar-weighted
average maturity of 10 years
or longer. FMR normally
invests at least 80% of the
fund's assets in federally
tax-free municipal securities.
If you are subject to the
federal alternative minimum
tax, you should note that the
fund may invest up to 20% of
its assets in municipal
securities issued to finance
private activities. The interest
from these investments is a
tax- preference item for
purposes of the tax.
MUB-95-1 September, 5, 1995
MUB-95-1 September, 5, 1995
