FIDELITY INSTITUTIONAL TAX EXEMPT CASH PORTFOLIOS
497, 1996-09-30
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SUPPLEMENT TO THE 
FIDELITY INSTITUTIONAL MONEY MARKET FUNDS - CLASS I
PROSPECTUS
DATED JULY 31, 1996
Effective September 30, 1996, the following information replaces the
similar information in the "How to Buy Shares" section on page 18 of the
funds' prospectus:
IF YOU ARE NEW TO FIDELITY, an initial investment must be preceded or
accompanied by a completed, signed application, which should be forwarded
to:
Fidelity Investments
P.O. Box 770002
Cincinnati, OH 45277-0081
SUPPLEMENT TO THE 
FIDELITY INSTITUTIONAL MONEY MARKET FUNDS - CLASS II
PROSPECTUS
DATED JULY 31, 1996
Effective September 30, 1996, the following information replaces the
similar information in the "How to Buy Shares" section on page 18 of the
funds' prospectus:
IF YOU ARE NEW TO FIDELITY, an initial investment must be preceded or
accompanied by a completed, signed application, which should be forwarded
to:
Fidelity Investments
P.O. Box 770002
Cincinnati, OH 45277-0081
SUPPLEMENT TO THE 
FIDELITY INSTITUTIONAL MONEY MARKET FUNDS - CLASS III
PROSPECTUS
DATED JULY 31, 1996
Effective September 30, 1996, the following information replaces the
similar information in the "How to Buy Shares" section on page 18 of the
funds' prospectus:
IF YOU ARE NEW TO FIDELITY, an initial investment must be preceded or
accompanied by a completed, signed application, which should be forwarded
to:
Fidelity Investments
P.O. Box 770002
Cincinnati, OH 45277-0081



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