SUPPLEMENT TO THE SPARTAN(Registered trademark)
SHORT-TERM INCOME AND
SPARTAN INVESTMENT GRADE(Registered trademark)
BOND PROSPECTUS
DATED NOVEMBER 19, 1993
The following information
replaces the first paragraph in
the "TRANSACTIONS SERVICES"
section on page 16.
EXCHANGE PRIVILEGE. You may
sell your fund shares and buy
shares of other Fidelity funds by
telephone or in writing. There
may be a $5.00 fee for each
exchange out of the funds
unless you place your
transaction on Fidelity's
automated exchange services.
The following information
replaces similar information for
Spartan Short-Term Income
found in the "EXPENSES"
section on page 5:
ANNUAL FUND OPERATING
EXPENSES are paid out of each
fund's assets. Each fund pays
a management fee to FMR.
Expenses are factored into
each fund's share price or
dividends and are not charged
directly to shareholder
accounts (see page 24).
The following are projections
based on historical expenses,
and are calculated as a
percentage of average net
assets.
SPARTAN SHORT-TERM
Management fee (after
reimbursement) 0. 55 %
12b-1 fee None
Other expenses None
Total fund operating expenses 0. 55
%
E XAMPLES: Let's say,
hypothetically, that each 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:
SPARTAN SHORT-TERM
Account open Account
closed
After 1 year $ 6 $ 11
After 3 years $ 18 $ 23
After 5 years $ 31 $ 36
After 10 years $ 69 $ 74
These examples illustrate the
effect of expenses, but are not
meant to suggest actual or
expected costs or returns, all of
which may vary.
Effectiv e February 1, 1994, FMR
has voluntarily agreed to
temporarily limit Spartan
Short-Term Income's total
op erating expenses to .55% of
its average net assets. If this
agreement were not in effect,
the management fee, other
expenses, and total operating
expenses would be .65%, .00%,
and .65%, respectively.
Expenses eligible for
reimbursement do not include
interest, taxes, brokerage
commissions, or extraordinary
expenses.
SUPPLEMENT TO THE SPARTAN(Registered trademark)
SHORT-TERM INCOME AND
SPARTAN INVESTMENT GRADE(Registered trademark)
BOND PROSPECTUS
DATED NOVEMBER 19, 1993
The following information
replaces the first paragraph in
the "TRANSACTIONS SERVICES"
section on page 16.
EXCHANGE PRIVILEGE. You may
sell your fund shares and buy
shares of other Fidelity funds by
telephone or in writing. There
may be a $5.00 fee for each
exchange out of the funds
unless you place your
transaction on Fidelity's
automated exchange services.
The following information
replaces similar information for
Spartan Short-Term Income
found in the "EXPENSES"
section on page 5:
ANNUAL FUND OPERATING
EXPENSES are paid out of each
fund's assets. Each fund pays
a management fee to FMR.
Expenses are factored into
each fund's share price or
dividends and are not charged
directly to shareholder
accounts (see page 24).
The following are projections
based on historical expenses,
and are calculated as a
percentage of average net
assets.
SPARTAN SHORT-TERM
Management fee (after
reimbursement) 0. 55 %
12b-1 fee None
Other expenses None
Total fund operating expenses 0. 55
%
E XAMPLES: Let's say,
hypothetically, that each 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:
SPARTAN SHORT-TERM
Account open Account
closed
After 1 year $ 6 $ 11
After 3 years $ 18 $ 23
After 5 years $ 31 $ 36
After 10 years $ 69 $ 74
These examples illustrate the
effect of expenses, but are not
meant to suggest actual or
expected costs or returns, all of
which may vary.
Effectiv e February 1, 1994, FMR
has voluntarily agreed to
temporarily limit Spartan
Short-Term Income's total
op erating expenses to .55% of
its average net assets. If this
agreement were not in effect,
the management fee, other
expenses, and total operating
expenses would be .65%, .00%,
and .65%, respectively.
Expenses eligible for
reimbursement do not include
interest, taxes, brokerage
commissions, or extraordinary
expenses.
SST/SIG-94-2 February 1, 1994
SST/SIG-94-2 February 1, 1994
