FIDELITY INSTITUTIONAL TAX EXEMPT CASH PORTFOLIOS
NSAR-B, 1997-06-06
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<PAGE>      PAGE  1
000 B000000 03/31/97
000 C000000 0000700859
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 FIDELITY INSTITUTIONAL TAX-EXEMPT CASH PORT.
001 B000000 811-3407
001 C000000 9725844082
002 A000000 1201 N. MARKET STREET P.O. BOX 1347
002 B000000 WILMINGTON
002 C000000 DE
002 D010000 19899
002 D020000 1347
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  1
007 C010100  1
007 C020100 TAX-EXEMPT
007 C030100 N
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
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007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
018  00AA00 Y
019 A00AA00 Y
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019 C00AA00 FIDELITYZZ
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<PAGE>      PAGE  2
020 C000003      0
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020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 A000001 GOLDMAN SACHS & CO.
022 B000001 13-5108880
022 C000001   2427185
022 D000001    513332
022 A000002 MORGAN STANLEY & CO., INC.
022 B000002 13-2655998
022 C000002   1045992
022 D000002    879874
022 A000003 MERRILL LYNCH, INC.
022 B000003 13-5674085
022 C000003    998664
022 D000003    546008
022 A000004 MORGAN (J.P.) SECURITIES, INC.
022 B000004 13-3224016
022 C000004    768312
022 D000004    623739
022 A000005 SMITH BARNEY, INC.
022 B000005 13-1912900
022 C000005    625087
022 D000005    615619
022 A000006 LEHMAN BROTHERS INC.
022 B000006 13-2518466
022 C000006    763359
022 D000006    224858
022 A000007 PAINE WEBBER INC.
022 B000007 13-2638166
022 C000007    443669
022 D000007    496719
022 A000008 BT SECURITIES INC.
022 B000008 13-3311934
022 C000008    454516
022 D000008    439745
022 A000009 FIRST COMMERCE CAPITAL
022 B000009 00-0000000
022 C000009    372755
022 D000009    346900
022 A000010 FIRST CHICAGO CAPITAL MARKETS
022 B000010 00-0000000
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<PAGE>      PAGE  3
026 A000000 Y
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026 H000000 Y
027  000000 Y
077 A000000 Y
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077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078  000000 N
080 A00AA00 AMERICAN INTERNATIONAL SPECIALTY LINES
080 B00AA00 FEDERAL INSURANCE COMPANY
080 C00AA00   220000
081 A00AA00 Y
081 B00AA00 233
082 A00AA00 N
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083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 N
085 B00AA00 N
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008 B000101 A
008 C000101 801-7884
008 D010101 BOSTON
008 D020101 MA
008 D030101 02109
008 A000102 FMR TEXAS INC.
008 B000102 S
<PAGE>      PAGE  4
008 C000102 801-3720
008 D010102 IRVING
008 D020102 TX
008 D030102 75039
011 A000101 FIDELITY DISTRIBUTORS CORPORATION
011 B000101 8-8755
011 C010101 BOSTON
011 C020101 MA
011 C030101 02109
012 A000101 UMB BANK N.A.
012 B000101 84-0000
012 C010101 KANSAS CITY
012 C020101 MO
012 C030101 64106
012 A000102 FIDELITY INVESTMENTS INST'L. OPERATIONS CO.
012 B000102 84-00216
012 C010102 BOSTON
012 C020102 MA
012 C030102 02109
013 A000101 COOPERS & LYBRAND L.L.P.
013 B010101 DALLAS
013 B020101 TX
013 B030101 75201
014 A000101 FIDELITY BROKERAGE SERVICES, INC.
014 B000101 8-23292
014 A000102 FIDELITY DISTRIBUTORS CORPORATION
014 B000102 8-8775
015 A000101 UMB BANK, N.A.
015 B000101 C
015 C010101 KANSAS CITY
015 C020101 MO
015 C030101 64106
015 E010101 X
024  000100 N
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<PAGE>      PAGE  5
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039  000100 N
040  000100 Y
041  000100 Y
042 A000100   0
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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062 Q000100   0.0
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063 A000100  33
063 B000100  0.0
064 A000100 Y
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070 B020100 N
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070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 Y
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070 P010100 Y
<PAGE>      PAGE  8
070 P020100 Y
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070 R010100 N
070 R020100 N
071 A000100         0
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072 V000100        0
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072DD020100     4357
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<PAGE>      PAGE  9
074 F000100        0
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074 M000100        0
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074 O000100    87988
074 P000100      310
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074 R010100        0
074 R020100        0
074 R030100        0
074 R040100     4676
074 S000100        0
074 T000100  2108751
074 U010100  2022575
074 U020100    86576
074 V010100     1.00
074 V020100     1.00
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SIGNATURE   JOHN H. COSTELLO                             
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

<ARTICLE> 6
 

<CIK>     0000700859


<NAME>      Fidelity Institutional Tax-Exempt Cash Portfolios


<SERIES>

        <NUMBER>        11


        <NAME>      Fidelity Institutional Tax-Exempt Cash  Portfolios 
I

<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

year


<FISCAL-YEAR-END>

Mar-31-1997


<PERIOD-END>

Mar-31-1997


<INVESTMENTS-AT-COST>

2,182,495


<INVESTMENTS-AT-VALUE>

2,182,495


<RECEIVABLES>

19,182


<ASSETS-OTHER>

48


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

2,201,725


<PAYABLE-FOR-SECURITIES>

87,988


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

4,986


<TOTAL-LIABILITIES>

92,974


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

2,109,151


<SHARES-COMMON-STOCK>

2,022,575


<SHARES-COMMON-PRIOR>

1,806,909


<ACCUMULATED-NII-CURRENT>

0


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

(400)


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

0


<NET-ASSETS>

2,108,751


<DIVIDEND-INCOME>

0


<INTEREST-INCOME>

75,514


<OTHER-INCOME>

0


<EXPENSES-NET>

4,413


<NET-INVESTMENT-INCOME>

71,101


<REALIZED-GAINS-CURRENT>

(409)


<APPREC-INCREASE-CURRENT>

0


<NET-CHANGE-FROM-OPS>

70,692


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

66,744


<DISTRIBUTIONS-OF-GAINS>

0


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

11,513,516


<NUMBER-OF-SHARES-REDEEMED>

11,315,011


<SHARES-REINVESTED>

17,161


<NET-CHANGE-IN-ASSETS>

299,877


<ACCUMULATED-NII-PRIOR>

0


<ACCUMULATED-GAINS-PRIOR>

9


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

4,269


<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

6,180


<AVERAGE-NET-ASSETS>

1,998,444


<PER-SHARE-NAV-BEGIN>

1.000


<PER-SHARE-NII>

 .033


<PER-SHARE-GAIN-APPREC>

0


<PER-SHARE-DIVIDEND>

0


<PER-SHARE-DISTRIBUTIONS>

 .033


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

1.000


<EXPENSE-RATIO>

20


<AVG-DEBT-OUTSTANDING>

0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
 

<CIK>     0000700859


<NAME>      Fidelity Institutional Tax-Exempt Cash Portfolios


<SERIES>

        <NUMBER>        12

        <NAME>      Fidelity Institutional Tax Exempt Cash Portfolios 
II

<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

year


<FISCAL-YEAR-END>

Mar-31-1997


<PERIOD-END>

Mar-31-1997


<INVESTMENTS-AT-COST>

2,182,495


<INVESTMENTS-AT-VALUE>

2,182,495


<RECEIVABLES>

19,182


<ASSETS-OTHER>

48


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

2,201,725


<PAYABLE-FOR-SECURITIES>

87,988


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

4,986


<TOTAL-LIABILITIES>

92,974


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

2,109,151


<SHARES-COMMON-STOCK>

60,258


<SHARES-COMMON-PRIOR>

968


<ACCUMULATED-NII-CURRENT>

0


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

(400)


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

0


<NET-ASSETS>

2,108,751


<DIVIDEND-INCOME>

0


<INTEREST-INCOME>

75,514


<OTHER-INCOME>

0


<EXPENSES-NET>

4,413


<NET-INVESTMENT-INCOME>

71,101


<REALIZED-GAINS-CURRENT>

(409)


<APPREC-INCREASE-CURRENT>

0


<NET-CHANGE-FROM-OPS>

70,692


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

3,926


<DISTRIBUTIONS-OF-GAINS>

0


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

560,463


<NUMBER-OF-SHARES-REDEEMED>

504,814


<SHARES-REINVESTED>

3,641


<NET-CHANGE-IN-ASSETS>

299,877


<ACCUMULATED-NII-PRIOR>

0


<ACCUMULATED-GAINS-PRIOR>

9


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

4,269


<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

6,180


<AVERAGE-NET-ASSETS>

122,351


<PER-SHARE-NAV-BEGIN>

1.000


<PER-SHARE-NII>

 .032


<PER-SHARE-GAIN-APPREC>

0


<PER-SHARE-DIVIDEND>

0


<PER-SHARE-DISTRIBUTIONS>

 .032


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

1.000


<EXPENSE-RATIO>

35


<AVG-DEBT-OUTSTANDING>

0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
 

<CIK>     0000700859


<NAME>      Fidelity Institutional Tax-Exempt Cash Portfolios


<SERIES>

        <NUMBER>        13

        <NAME>      Fidelity Institutional Tax Exempt Cash Portfolios 
III

<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

year


<FISCAL-YEAR-END>

Mar-31-1997


<PERIOD-END>

Mar-31-1997


<INVESTMENTS-AT-COST>

2,182,495


<INVESTMENTS-AT-VALUE>

2,182,495


<RECEIVABLES>

19,182


<ASSETS-OTHER>

48


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

2,201,725


<PAYABLE-FOR-SECURITIES>

87,988


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

4,986


<TOTAL-LIABILITIES>

92,974


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

2,109,151


<SHARES-COMMON-STOCK>

26,318


<SHARES-COMMON-PRIOR>

988


<ACCUMULATED-NII-CURRENT>

0


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

(400)


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

0


<NET-ASSETS>

2,108,751


<DIVIDEND-INCOME>

0


<INTEREST-INCOME>

75,514


<OTHER-INCOME>

0


<EXPENSES-NET>

4,413


<NET-INVESTMENT-INCOME>

71,101


<REALIZED-GAINS-CURRENT>

(409)


<APPREC-INCREASE-CURRENT>

0


<NET-CHANGE-FROM-OPS>

70,692


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

431


<DISTRIBUTIONS-OF-GAINS>

0


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

114,946


<NUMBER-OF-SHARES-REDEEMED>

89,979


<SHARES-REINVESTED>

363


<NET-CHANGE-IN-ASSETS>

299,877


<ACCUMULATED-NII-PRIOR>

0


<ACCUMULATED-GAINS-PRIOR>

9


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

4,269


<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

6,180


<AVERAGE-NET-ASSETS>

13,929


<PER-SHARE-NAV-BEGIN>

1.000


<PER-SHARE-NII>

 .031


<PER-SHARE-GAIN-APPREC>

0


<PER-SHARE-DIVIDEND>

0


<PER-SHARE-DISTRIBUTIONS>

 .031


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

1.000


<EXPENSE-RATIO>

45


<AVG-DEBT-OUTSTANDING>

0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>


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