FIDELITY INSTITUTIONAL CASH PORTFOLIOS: CLASS B
TREASURY, TREASURY II, GOVERNMENT, DOMESTIC, AND MONEY MARKET
SUPPLEMENT TO THE PROSPECTUS
DATED JULY 1, 1995
Beginning August 1, 1995, the 12b-1 distribution fee of FICP Class B shares
will be reduced by .07%, from .32% to .25%. This fee reduction applies to
all of the FICP Class B funds, with the exception of FICP Government, for
which the 12b-1 distribution fee is already at .25%. The fee table on page
4 of the prospectus describes the Fund expenses which are effective as of
August 1, including the reduction in 12b-1 distribution fees. The table
below gives the Fund expenses until August 1.
TREASURY Management fee .16
%A
12b-1 fee (Distribution fee) .32
%
Other expenses .04
%
Total operating expenses .52
%A
TREASURY II Management fee .15%
A
12b-1 fee (Distribution fee) .32
%
Other expenses .05
%
Total operating expenses .52
%A
GOVERNMENT Management fee .16
%A
12b-1 fee (Distribution fee) .25
%
Other expenses .04
%
Total operating expenses .45
%A
DOMESTIC Management fee .13%
A
12b-1 fee (Distribution fee) .32
%
Other expenses .07
%
Total operating expenses .52
%A
MONEY MARKET Management fee .14
%A
12b-1 fee (Distribution fee) .32
%
Other expenses .04
%
Total operating expenses .50
%A
A AFTER EXPENSE REDUCTIONS.
THESE EXAMPLES ILLUSTRATE THE EFFECT OF EXPENSES, BUT ARE NOT MEANT TO
SUGGEST ACTUAL OR EXPECTED COSTS OR RETURNS, ALL OF WHICH MAY VARY.
FMR has voluntarily agreed to reimburse Class B of each fund to the extent
that total operating expenses (not including interest, taxes, brokerage
commissions, extraordinary expenses and 12b-1 fees) are in excess of .20%
for Treasury; .20% for Treasury II; .20% for Government; .20% for Domestic;
and .18% for Money Market, respectively, of its average net assets. If this
agreement were not in effect, the total operating expenses of Class B of
each fund would have been the following amounts, as a percentage of average
net assets, .56% for Treasury; .81% for Treasury II; .66% for Government;
.79% for Domestic; and .59% for Money Market, respectively.
FICPB-STK-070195-02 July 1, 1995
