FIDELITY (LOGO) INVESTMENTS(registered trademark) FMR Corp.
82 Devonshire Street
Boston, MA 02109-3614
(617) 563-7000
August 21, 1998
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Attention: File Room
Re: The North Carolina Capital Management (the trust):
Cash Portfolio and Term Portfolio (the funds)
File No. 2-77169 and 811-3455
_____________________________________________________________________
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Ladies and Gentlemen:
Transmitted herewith pursuant to Rule 497(j) under the Securities Act
of 1933 is certification that the Prospectus and Statement of
Additional Information with respect to the above referenced funds do
not differ from that filed in the most recent post-effective
amendment, which was filed electronically.
Very truly yours,
/s/Eric D. Roiter
Eric D. Roiter
Secretary