SUPPLEMENT TO THE NORTH CAROLINA CAPITAL MANAGEMENT TRUST'S
AUGUST 19, 1999
STATEMENT OF ADDITIONAL INFORMATION
EFFECTIVE JANUARY 26, 2000, THE FOLLOWING INFORMATION REPLACES SIMILAR
INFORMATION FOUND IN THE "TRUSTEES AND OFFICERS" SECTION BEGINNING ON
PAGE S-18.
*WILLIAM L. BYRNES (77), PRESIDENT, TRUSTEE, AND CHAIRMAN OF THE
BOARD, is a Director of Fidelity International Limited and Vice
Chairman, a Director and Managing Director of FMR Corp.
BERTRAM H. WITHAM (80), TRUSTEE, is Chairman and Director of Preferred
Lodging Systems (property management), Director and member of the
Executive Committee of Bill Glass Ministries, and Trustee of other
funds advised by FMR. Previously, he served as a consultant (Treasurer
until his retirement in 1987) to IBM Corp.
EFFECTIVE FEBRUARY 1, 2000, THE FOLLOWING INFORMATION SUPPLEMENTS THE
SIMILAR INFORMATION FOUND IN THE "TRUSTEES AND OFFICERS" SECTION
BEGINNING ON PAGE S-18.
JAMES GRUBBS MARTIN (64), TRUSTEE (2000), is Vice President of
Research (1995) and Chairman of the Research Development Board (1993)
for Carolinas Medical Center. Prior to 1993, Dr. Martin served two
terms as Governor of North Carolina (1985) and six terms as U.S.
Congressman for the 9th District. Currently, he is Chairman of the
Global TransPark Foundation, Inc., a trustee of Davidson College, a
member of the North Carolina Association for Biomedical Research, and
Director of the North Carolina Biotechnology Center. Dr. Martin also
serves as a director on the boards of Duke Energy Co. (electricity,
natural gas, engineering), J.A. Jones (private construction),
Reprogenesis (biotechnology), Family Dollar Stores (discount retailer,
1996), Palomar Medical Technologies, Inc. (laser technology, 1996),
and Applied Analytical Industries, Inc. (pharmaceutical product
development, 1999).
ROBERT A. DWIGHT (41), TREASURER (2000), is Treasurer of the Fidelity
funds and is an employee of FMR. Prior to becoming Treasurer of the
Fidelity funds, he served as President of Fidelity Accounting and
Custody Services (FACS). Before joining Fidelity, Mr. Dwight was
Senior Vice President of fund accounting operations for The Boston
Company.
MARIA F. DWYER (41), DEPUTY TREASURER (2000), is Deputy Treasurer of
the Fidelity funds and is a Vice President (1999) and an employee
(1996) of FMR. Prior to joining Fidelity, Ms. Dwyer served as Director
of Compliance for MFS Investment Management.
EFFECTIVE FEBRUARY 1, 2000, THE FOLLOWING INFORMATION REPLACES THE
SIMILAR INFORMATION FOUND IN THE "TRUSTEES AND OFFICERS" SECTION
BEGINNING ON PAGE S-18.
*FRED L. HENNING, JR. (60), TRUSTEE (2000), is President of Fidelity
Investments Fixed-Income Division (1998), and Senior Vice President of
FMR and of Fidelity Investments Money Management, Inc. Mr. Henning
joined Fidelity in 1977 as portfolio manager for Fidelity Daily Income
Trust Fund. Since then, he has held a number of positions with FMR and
its affiliates and serves as an officer of other investment companies
managed or advised by FMR.
EFFECTIVE FEBRUARY 1, 2000, THE FOLLOWING INFORMATION HAS BEEN REMOVED
FROM THE "TRUSTEES AND OFFICERS" SECTION BEGINNING ON PAGE S-18.
RICHARD A. SILVER (52), TREASURER (1997), is Treasurer of the Fidelity
funds and is an employee of FMR (1997). Before joining FMR, Mr. Silver
served as Executive Vice President, Fund Accounting & Administration
at First Data Investor Services Group, Inc. (1996-1997). Prior to
1996, Mr. Silver was Senior Vice President and Chief Financial Officer
at The Colonial Group, Inc. Mr. Silver also served as Chairman of the
Accounting/Treasurer's Committee of the Investment Company Institute
(1987-1993).
THE FOLLOWING INFORMATION HAS BEEN REMOVED FROM THE "TRUSTEES AND
OFFICERS" SECTION BEGINNING ON PAGE S-18.
LEONARD M. RUSH (53), ASSISTANT TREASURER (1994), is an employee of
FMR (1994). Prior to becoming Assistant Treasurer of the Fidelity
funds, Mr. Rush was Chief Compliance Officer of FMR Corp. (1993-1994)
and Chief Financial Officer of Fidelity Brokerage Services, Inc.
(1990-1993).
