FIDELITY INSTITUTIONAL CASH PORTFOLIOS
497, 1997-01-07
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   SUPPLEMENT TO THE FIDELITY INSTITUTIONAL MONEY MARKET FUNDS - CLASS I
STATEMENT OF ADDITIONAL INFORMATION
JULY 31, 1996
Effective January 2, 1997, the following information replaces the similar
information found in the third paragraph of the "Contracts with FMR
Affiliates" section on page 34.
Under this arrangement FIIOC receives an annual asset-based fee. This fee
is subject to increase based on postal rate changes.
SUPPLEMENT TO THE FIDELITY INSTITUTIONAL MONEY MARKET FUNDS - CLASS II
STATEMENT OF ADDITIONAL INFORMATION
JULY 31, 1996
Effective January 2, 1997, the following information replaces the similar
information found in the third paragraph of the "Contracts with FMR
Affiliates" section on pages 32 and 33. 
Under this arrangement FIIOC receives an annual asset-based fee. This fee
is subject to increase based on postal rate changes.
SUPPLEMENT TO THE FIDELITY INSTITUTIONAL MONEY MARKET FUNDS - CLASS III
STATEMENT OF ADDITIONAL INFORMATION
JULY 31, 1996
Effective January 2, 1997, the following information replaces the similar
information found in the third paragraph of the "Contracts with FMR
Affiliates" section on page 33.
Under this arrangement FIIOC receives an annual asset-based fee. This fee
is subject to increase based on postal rate changes.    



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