SUPPLEMENT TO THE TREASURY FUND - ADVISOR C CLASS OCTOBER 28, 1997
PROSPECTUS
The following information replaces similar information found in "Who
May Want to Invest" on page 3.
In general, Daily Money Class shares have lower costs than Capital
Reserves Class, Class B and Class C shares because Daily Money Class
shares do not have a sales charge and have lower 12b-1 fees. Class B
shares have higher costs than Class C shares over a short holding
period because Class B shares have a higher CDSC that declines over
six years, and Class B shares have lower costs than Class C shares
over a longer period because Class B shares convert to Daily Money
Class shares after seven years. If you sell your Class B shares within
six years, you will normally pay a CDSC that varies depending on how
long you have held your shares. If you sell your Class C shares within
one year, you will normally pay a 1.00% CDSC. Class C shares do not
convert to another class of shares. See "Transaction Details," page
14, for CDSC information. Please note that purchase amounts of more
than $250,000 will not be accepted for Class B shares and purchase
amounts of more than $1,000,000 generally will not be accepted for
Class C shares. See "How to Buy Shares," page 10 for more information
on the maximum purchase amount for Class C shares.
The following information replaces similar information found in "How
to Buy Shares" on page 10.
PURCHASE AMOUNTS OF MORE THAN $1 MILLION WILL NOT BE ACCEPTED FOR
CLASS C SHARES. THIS LIMIT DOES NOT APPLY TO PURCHASES OF CLASS C
SHARES MADE BY AN EMPLOYEE BENEFIT PLAN
The following information replaces similar information found in "Sales
Charge Reductions and Waivers" on page 17.
THE CDSC ON CLASS C SHARES MAY BE WAIVED
1. In cases of disability or death, provided that the shares are
redeemed within one year following the death or the initial
determination of disability;
2. In connection with a total or partial redemption related to certain
distributions from retirement plans or accounts at age 701/2, which
are permitted without penalty pursuant to the Internal Revenue Code;
3. In connection with redemptions through the Fidelity Advisor
Systematic Withdrawal Program; or
4. In connection with any redemptions from an employee benefit plan.
Employee benefit plan investors must meet additional requirements
specified in the fund's SAI.
Your investment professional should call Fidelity for more
information.
SUPPLEMENT TO THE
TREASURY FUND ADVISOR C CLASS STATEMENT OF ADDITIONAL INFORMATION
DATED OCTOBER 28, 1997
The following information replaces similar information found under the
heading "Additional Purchase, Exchange and Redemption Information" on
page 9.
CLASS C WAIVERS. The contingent deferred sales charge (CDSC) on Class
C shares may be waived (1) in the case of disability or death,
provided that the shares are redeemed within one year following the
death or the initial determination of disability; (2) in connection
with a total or partial redemption related to certain distributions
from retirement plans or accounts at age 70 1/2 which are permitted
without penalty pursuant to the Internal Revenue Code; (3) in
connection with redemptions through the Fidelity Advisor Systematic
Withdrawal Program; or (4) in connection with any redemptions from an
employee benefit plan (including 403(b) programs, but otherwise as
defined by ERISA).
A sales load waiver form must accompany these transactions.
