FIDELITY INSTITUTIONAL TAX EXEMPT CASH PORTFOLIOS
497, 1995-01-19
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Effective December 7, 1994 the following changes have been made to the
INVESTING IN THE FUND section on page 3 and the MINIMUM INVESTMENT AND
ACCOUNT BALANCE section on page 8.
INVESTING IN THE FUND.  The Fund's shares may be purchased at the next
determined net asset  value per share (NAV) without a sales charge.  The
Fund requires a minimum initial investment of $1 million.  Additional
investments may be made in any amount.  For immediate acceptance of
purchase orders, federal funds must be transmitted.  See "How to Invest,"
page 8.
MINIMUM INVESTMENT AND ACCOUNT BALANCE.  The minimum initial investment to
establish a new account in the Fund is $1 million.  Subsequent investments
may be made in any amount.  To keep an account open, please leave $1
million in it.  If an account balance falls below $1 million due to
redemption, the account may be closed and the proceeds wired to the bank
account of record.  An investor will be given 30 days' notice that the
account will be closed unless an additional investment is made to increase
the account balance to the $1 million minimum.
 
 
Effective December 7, 1994 the following changes have been made to the
INVESTING IN THE FUND section on page 3 and the MINIMUM INVESTMENT AND
ACCOUNT BALANCE section on page 8.
INVESTING IN THE FUND.  The Fund's shares may be purchased at the next
determined net asset  value per share (NAV) without a sales charge.  The
Fund requires a minimum initial investment of $1 million.  Additional
investments may be made in any amount.  For immediate acceptance of
purchase orders, federal funds must be transmitted.  See "How to Invest,"
page 8.
MINIMUM INVESTMENT AND ACCOUNT BALANCE.  The minimum initial investment to
establish a new account in the Fund is $1 million.  Subsequent investments
may be made in any amount.  To keep an account open, please leave $1
million in it.  If an account balance falls below $1 million due to
redemption, the account may be closed and the proceeds wired to the bank
account of record.  An investor will be given 30 days' notice that the
account will be closed unless an additional investment is made to increase
the account balance to the $1 million minimum.
 
Effective December 7, 1994 the following changes have been made to the
INVESTING IN THE FUND section on page 3 and the MINIMUM INVESTMENT AND
ACCOUNT BALANCE section on page 8.
Effective December 7, 1994 the following changes have been made to the
INVESTING IN THE FUND section on page 3 and the MINIMUM INVESTMENT AND
ACCOUNT BALANCE section on page 8.



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