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SUPPLEMENT TO THE NORTH CAROLINA CAPITAL MANAGEMENT TRUST'S AUGUST 19, 1997 STATEMENT OF ADDITIONAL INFORMATION The following information found in the "Trustees and Officers" section beginning on page S-18 has been removed. BURNELL R. STEHMAN (65), VICE PRESIDENT of Cash Portfolio (1991), is Vice President of FMR Texas (1989) and of other funds advised by FMR.
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