FIDELITY INSTITUTIONAL TAX EXEMPT CASH PORTFOLIOS
NSAR-A, 1997-11-25
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<PAGE>      PAGE  1
000 A000000 09/30/97
000 C000000 0000700859
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000 F000000 Y
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000 H000000 N
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000 J000000 A
001 A000000 FIDELITY INSTITUTIONAL TAX-EXEMPT CASH PORT.
001 B000000 811-3407
001 C000000 6037917486
002 A000000 1201 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
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007 C020100 TAX-EXEMPT
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022 B000001 13-5108880
022 C000001   1951950
022 D000001    357250
022 A000002 MERRILL LYNCH, INC.
022 B000002 13-5674085
022 C000002    848536
022 D000002    546624
022 A000003 MORGAN STANLEY & CO., INC.
022 B000003 13-2655998
022 C000003    560091
022 D000003    411242
022 A000004 SMITH BARNEY, INC.
022 B000004 13-1912900
022 C000004    357520
022 D000004    473396
022 A000005 LEHMAN BROTHERS, INC.
022 B000005 13-2518466
022 C000005    469796
022 D000005    170556
022 A000006 MORGAN (J.P.) SECURITIES, INC.
022 B000006 13-3224016
022 C000006    434098
022 D000006    165235
022 A000007 JOHN NUVEEN & CO., INC.
022 B000007 36-2639476
022 C000007    290845
022 D000007    301945
022 A000008 FIRST COMMERCE CAPITAL
022 B000008 00-0000000
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022 D000008    211225
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022 D000009    158658
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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SIGNATURE   JOHN H. COSTELLO                             
TITLE       ASSISTANT TREASURER 
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
 

<CIK>     0000700859


<NAME>      Fidelity Institutional Tax-Exempt Cash Portfolios


<SERIES>

        <NUMBER>        11


        <NAME>      Fidelity Institutional Tax-Exempt Cash Portfolio
                Class I

<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

6-MOS


<FISCAL-YEAR-END>

MAR-31-1998


<PERIOD-END>

SEPT-30-1997


<INVESTMENTS-AT-COST>

2,176,900


<INVESTMENTS-AT-VALUE>

2,176,900


<RECEIVABLES>

18,674


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8


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0


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2,195,582


<PAYABLE-FOR-SECURITIES>

76,951


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0


<OTHER-ITEMS-LIABILITIES>

6,966


<TOTAL-LIABILITIES>

83,917


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

2,112,075


<SHARES-COMMON-STOCK>

2,030,913

<SHARES-COMMON-PRIOR>

2,022,575

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0


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

(413)


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

3


<NET-ASSETS>

2,111,665


<DIVIDEND-INCOME>

0


<INTEREST-INCOME>

43,925


<OTHER-INCOME>

0


<EXPENSES-NET>

2,350


<NET-INVESTMENT-INCOME>

41,575


<REALIZED-GAINS-CURRENT>

(13)


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<NET-CHANGE-FROM-OPS>

41,565


<EQUALIZATION>

0

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0


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0


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6,203,069

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6,205,188

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10,457

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2,914


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0


<ACCUMULATED-GAINS-PRIOR>

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0


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0


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2,302


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0


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3,156


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2,212,823

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1.000


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0.018

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0


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0


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0.018

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0


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1.000


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0.20

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0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
 

<CIK>     0000700859


<NAME>      Fidelity Institutional Tax-Exempt Cash Portfolios


<SERIES>

        <NUMBER>        12

        <NAME>      Fidelity Institutional Tax-Exempt Cash Portfolios
                Class II 

<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

6-MOS


<FISCAL-YEAR-END>

MAR-31-1998


<PERIOD-END>

SEPT-30-1997


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2,176,900


<INVESTMENTS-AT-VALUE>

2,176,900


<RECEIVABLES>

18,674


<ASSETS-OTHER>

8


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0


<TOTAL-ASSETS>

2,195,582


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76,951


<SENIOR-LONG-TERM-DEBT>

0


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6,966


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83,917


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

2,112,075


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41,254

<SHARES-COMMON-PRIOR>

60,258

<ACCUMULATED-NII-CURRENT>

0


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

(413)


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

3


<NET-ASSETS>

2,111,665


<DIVIDEND-INCOME>

0


<INTEREST-INCOME>

43,925


<OTHER-INCOME>

0


<EXPENSES-NET>

2,350


<NET-INVESTMENT-INCOME>

41,575


<REALIZED-GAINS-CURRENT>

(13)


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3


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41,565


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0

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813

<DISTRIBUTIONS-OF-GAINS>

0


<DISTRIBUTIONS-OTHER>

0


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193,811

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213,601

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786

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2,914

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0


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(400)


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0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

2,302


<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

3,156


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46,625

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1.000


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0.017

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0


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0


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0.017

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0


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1.000


<EXPENSE-RATIO>

0.35

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0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
 

<CIK>     0000700859


<NAME>      Fidelity Institutional Tax-Exempt Cash Portfolios


<SERIES>

        <NUMBER>        13

        <NAME>      Fidelity Institutional Tax-Exempt Cash Portfolios
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<S>

<C>

<PERIOD-TYPE>

6-MOS


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<PERIOD-END>

SEPT-30-1997


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2,176,900


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2,176,900


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18,674


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8


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0


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2,195,582


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76,951


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0


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6,966


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83,917


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0


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2,112,075


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39,908

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26,318

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0


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0


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(413)


<OVERDISTRIBUTION-GAINS>

0


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3


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2,111,665


<DIVIDEND-INCOME>

0


<INTEREST-INCOME>

43,925


<OTHER-INCOME>

0


<EXPENSES-NET>

2,350


<NET-INVESTMENT-INCOME>

41,575


<REALIZED-GAINS-CURRENT>

(13)


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3


<NET-CHANGE-FROM-OPS>

41,565


<EQUALIZATION>

0

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602

<DISTRIBUTIONS-OF-GAINS>

0


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

72,168

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59,162

<SHARES-REINVESTED>

585

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2,914


<ACCUMULATED-NII-PRIOR>

0


<ACCUMULATED-GAINS-PRIOR>

(400)


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0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

2,302


<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

3,156


<AVERAGE-NET-ASSETS>

35,917

<PER-SHARE-NAV-BEGIN>

1.000


<PER-SHARE-NII>

0.017

<PER-SHARE-GAIN-APPREC>

0


<PER-SHARE-DIVIDEND>

0


<PER-SHARE-DISTRIBUTIONS>

0.017

<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

1.000


<EXPENSE-RATIO>

0.45

<AVG-DEBT-OUTSTANDING>

0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>


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