SUPPLEMENT TO THE
FIDELITY INSURED
MUNICIPAL INCOME FUND PROSPECTUS
DATED FEBRUARY 20, 1996
The following information replaces the similar information found in the
"Key Facts" section on page 4:
STRATEGY: Invests mainly in municipal securities that are covered by
insurance guaranteeing the timely payment of principal and interest.
The following information replaces the similar information found in the
"Securities and Investment Practices" section on page 10:
RESTRICTIONS: The fund invests only in investment-grade securities. A
security is considered to be investment-grade if it is judged by FMR to be
of equivalent quality to securities rated Baa or BBB or higher by Moody's
Investors Service or Standard & Poor's, respectively.
