SUPPLEMENT TO THE
SPARTAN
SHORT-TERM
INCOME FUND
AND
SPARTAN INVESTMENT
GRADE BOND FUND
PROSPECTUS
DATED NOVEMBER 28, 1994
As of January 23, 1995, the
following information replaces
the similar information found
in the Expenses section
beginning on page 5.
SHAREHOLDER TRANSACTION
EXPENSES are charges you
pay when you buy, sell, or
hold shares of a fund. See
page 27 for more information
about these fees.
Maximum sales charge on
purchases and reinvested
distributions None
Deferred sales charge on
redemptions None
Exchange and wire transaction
fees $5.00
Checkwriting fee, per check
written $2.00
Account closeout fee $5.00
A nnual account maintenance fee
(for accounts under $2,500) $12.
00
As of January 23, 1995, the
following paragraph
supplements the information
found in the section entitled
Transaction Details beginning
on page 23.
FIDELITY RESERVES THE RIGHT
TO DEDUCT AN ANNUAL
MAINTENANCE FEE of $12.00
from accounts with a value of
less than $2,500, subject to
an annual maximum charge
of $60.00 per shareholder. It
is expected that accounts will
be valued on the second
Friday in November of each
year. Accounts opened after
September 30 will not be
subject to the fee for that
year. The fee, which is
payable to the transfer agent,
is designed to offset in part
the relatively higher costs of
servicing smaller accounts.
The fee will not be deducted
from retirement accounts,
accounts using regular
investment plans, or if total
assets in Fidelity funds
exceed $50,000. Eligibility for
the $50,000 waiver is
determined by aggregating
Fidelity mutual fund accounts
maintained by FSC or FBSI
which are registered under
the same social security
number or which list the
same social security number
for the custodian of a
Uniform Gifts/Transfers to
Minors Act account.
SUPPLEMENT TO THE
SPARTAN
SHORT-TERM
INCOME FUND
AND
SPARTAN INVESTMENT
GRADE BOND FUND
PROSPECTUS
DATED NOVEMBER 28, 1994
As of January 23, 1995, the
following information replaces
the similar information found
in the Expenses section
beginning on page 5.
SHAREHOLDER TRANSACTION
EXPENSES are charges you
pay when you buy, sell, or
hold shares of a fund. See
page 27 for more information
about these fees.
Maximum sales charge on
purchases and reinvested
distributions None
Deferred sales charge on
redemptions None
Exchange and wire transaction
fees $5.00
Checkwriting fee, per check
written $2.00
Account closeout fee $5.00
A nnual account maintenance fee
(for accounts under $2,500) $12.
00
As of January 23, 1995, the
following paragraph
supplements the information
found in the section entitled
Transaction Details beginning
on page 23.
FIDELITY RESERVES THE RIGHT
TO DEDUCT AN ANNUAL
MAINTENANCE FEE of $12.00
from accounts with a value of
less than $2,500, subject to
an annual maximum charge
of $60.00 per shareholder. It
is expected that accounts will
be valued on the second
Friday in November of each
year. Accounts opened after
September 30 will not be
subject to the fee for that
year. The fee, which is
payable to the transfer agent,
is designed to offset in part
the relatively higher costs of
servicing smaller accounts.
The fee will not be deducted
from retirement accounts,
accounts using regular
investment plans, or if total
assets in Fidelity funds
exceed $50,000. Eligibility for
the $50,000 waiver is
determined by aggregating
Fidelity mutual fund accounts
maintained by FSC or FBSI
which are registered under
the same social security
number or which list the
same social security number
for the custodian of a
Uniform Gifts/Transfers to
Minors Act account.
SST/SIG-95-1 (PAGE 1 OF 2) February 13, 1995
SST/SIG-95-1 (PAGE 1 OF 2) February 13, 1995
As of February 13, 1995, the
following information
replaces the second
paragraph under the
subheading "FMR and Its
Affiliates" on page 10.
Charles Morrison is manager
of Spartan Short-Term
Income, which he has
managed since February
1995. He also manages
Short-Term Bond and
Advisor Short Fixed-Income.
Mr. Morrison is vice president
of Fidelity Management Trust
Company. He joined Fidelity
in 1987.
As of February 13, 1995, the
following information replaces
the second paragraph under
the subheading "FMR and Its
Affiliates" on page 10.
Charles Morrison is manager
of Spartan Short-Term
Income, which he has
managed since February
1995. He also manages
Short-Term Bond and Advisor
Short Fixed-Income. Mr.
Morrison is vice president of
Fidelity Management Trust
Company. He joined Fidelity
in 1987.
(PAGE 2 OF _)
(PAGE 2 OF _)
