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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 7
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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SIGNATURE JOHN H. COSTELLO
TITLE ASSISTANT TREASURER
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<NAME> Fidelity Newbury Street Trust
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1,940
<TOTAL-LIABILITIES>
1,940
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
1,595,189
<SHARES-COMMON-STOCK>
1,284,315
<SHARES-COMMON-PRIOR>
1,801,274
<ACCUMULATED-NII-CURRENT>
0
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
(439)
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
0
<NET-ASSETS>
1,594,750
<DIVIDEND-INCOME>
0
<INTEREST-INCOME>
81,077
<OTHER-INCOME>
0
<EXPENSES-NET>
9,698
<NET-INVESTMENT-INCOME>
71,379
<REALIZED-GAINS-CURRENT>
29
<APPREC-INCREASE-CURRENT>
0
<NET-CHANGE-FROM-OPS>
71,408
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
70,367
<DISTRIBUTIONS-OF-GAINS>
0
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
7,946,019
<NUMBER-OF-SHARES-REDEEMED>
8,513,852
<SHARES-REINVESTED>
50,874
<NET-CHANGE-IN-ASSETS>
(226,568)
<ACCUMULATED-NII-PRIOR>
0
<ACCUMULATED-GAINS-PRIOR>
(371)
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
5,998
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
11,112
<AVERAGE-NET-ASSETS>
1,442,149
<PER-SHARE-NAV-BEGIN>
1.000
<PER-SHARE-NII>
.049
<PER-SHARE-GAIN-APPREC>
0
<PER-SHARE-DIVIDEND>
.049
<PER-SHARE-DISTRIBUTIONS>
0
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
1.000
<EXPENSE-RATIO>
65
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000704207
<NAME> Fidelity Newbury Street Trust
<SERIES>
<NUMBER> 22
<NAME> Treasury Fund - Advisor B Class
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
year
<FISCAL-YEAR-END>
oct-31-1997
<PERIOD-END>
Oct-31-1997
<INVESTMENTS-AT-COST>
1,590,477
<INVESTMENTS-AT-VALUE>
1,590,477
<RECEIVABLES>
2,774
<ASSETS-OTHER>
3,439
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
1,596,690
<PAYABLE-FOR-SECURITIES>
0
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
1,940
<TOTAL-LIABILITIES>
1,940
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
1,595,189
<SHARES-COMMON-STOCK>
45,979
<SHARES-COMMON-PRIOR>
20,415
<ACCUMULATED-NII-CURRENT>
0
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
(439)
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
0
<NET-ASSETS>
1,594,750
<DIVIDEND-INCOME>
0
<INTEREST-INCOME>
81,077
<OTHER-INCOME>
0
<EXPENSES-NET>
9,698
<NET-INVESTMENT-INCOME>
71,379
<REALIZED-GAINS-CURRENT>
29
<APPREC-INCREASE-CURRENT>
0
<NET-CHANGE-FROM-OPS>
71,408
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
977
<DISTRIBUTIONS-OF-GAINS>
0
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
103,033
<NUMBER-OF-SHARES-REDEEMED>
78,322
<SHARES-REINVESTED>
853
<NET-CHANGE-IN-ASSETS>
(226,568)
<ACCUMULATED-NII-PRIOR>
0
<ACCUMULATED-GAINS-PRIOR>
(371)
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
5,998
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
11,112
<AVERAGE-NET-ASSETS>
23,061
<PER-SHARE-NAV-BEGIN>
1.000
<PER-SHARE-NII>
.041
<PER-SHARE-GAIN-APPREC>
0
<PER-SHARE-DIVIDEND>
.041
<PER-SHARE-DISTRIBUTIONS>
0
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
1.000
<EXPENSE-RATIO>
139
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000704207
<NAME> Fidelity Newbury Street Trust
<SERIES>
<NUMBER> 23
<NAME> Treasury Fund - Capital Reserves Class
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
year
<FISCAL-YEAR-END>
oct-31-1997
<PERIOD-END>
Oct-31-1997
<INVESTMENTS-AT-COST>
1,590,477
<INVESTMENTS-AT-VALUE>
1,590,477
<RECEIVABLES>
2,774
<ASSETS-OTHER>
3,439
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
1,596,690
<PAYABLE-FOR-SECURITIES>
0
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
1,940
<TOTAL-LIABILITIES>
1,940
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
1,595,189
<SHARES-COMMON-STOCK>
264,844
<SHARES-COMMON-PRIOR>
0
<ACCUMULATED-NII-CURRENT>
0
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
(439)
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
0
<NET-ASSETS>
1,594,750
<DIVIDEND-INCOME>
0
<INTEREST-INCOME>
81,077
<OTHER-INCOME>
0
<EXPENSES-NET>
9,698
<NET-INVESTMENT-INCOME>
71,379
<REALIZED-GAINS-CURRENT>
29
<APPREC-INCREASE-CURRENT>
0
<NET-CHANGE-FROM-OPS>
71,408
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
36
<DISTRIBUTIONS-OF-GAINS>
0
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
281,264
<NUMBER-OF-SHARES-REDEEMED>
16,454
<SHARES-REINVESTED>
34
<NET-CHANGE-IN-ASSETS>
(226,568)
<ACCUMULATED-NII-PRIOR>
0
<ACCUMULATED-GAINS-PRIOR>
(371)
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
5,998
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
11,112
<AVERAGE-NET-ASSETS>
265,817
<PER-SHARE-NAV-BEGIN>
1.000
<PER-SHARE-NII>
.000
<PER-SHARE-GAIN-APPREC>
0
<PER-SHARE-DIVIDEND>
.000
<PER-SHARE-DISTRIBUTIONS>
0
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
1.000
<EXPENSE-RATIO>
90
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000704207
<NAME> Fidelity Newbury Street Trust
<SERIES>
<NUMBER> 31
<NAME> Prime Fund - Daily Money Class
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
year
<FISCAL-YEAR-END>
oct-31-1997
<PERIOD-END>
Oct-31-1997
<INVESTMENTS-AT-COST>
4,443,868
<INVESTMENTS-AT-VALUE>
4,443,868
<RECEIVABLES>
22,517
<ASSETS-OTHER>
1
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
4,466,386
<PAYABLE-FOR-SECURITIES>
0
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
15,581
<TOTAL-LIABILITIES>
15,581
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
4,451,597
<SHARES-COMMON-STOCK>
2,687,132
<SHARES-COMMON-PRIOR>
2,664,173
<ACCUMULATED-NII-CURRENT>
0
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
(792)
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
0
<NET-ASSETS>
4,450,805
<DIVIDEND-INCOME>
0
<INTEREST-INCOME>
141,883
<OTHER-INCOME>
0
<EXPENSES-NET>
16,476
<NET-INVESTMENT-INCOME>
125,407
<REALIZED-GAINS-CURRENT>
(2)
<APPREC-INCREASE-CURRENT>
0
<NET-CHANGE-FROM-OPS>
125,405
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
125,180
<DISTRIBUTIONS-OF-GAINS>
0
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
14,359,821
<NUMBER-OF-SHARES-REDEEMED>
14,453,130
<SHARES-REINVESTED>
116,268
<NET-CHANGE-IN-ASSETS>
1,787,396
<ACCUMULATED-NII-PRIOR>
0
<ACCUMULATED-GAINS-PRIOR>
(764)
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
9,982
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
19,085
<AVERAGE-NET-ASSETS>
2,528,088
<PER-SHARE-NAV-BEGIN>
1.000
<PER-SHARE-NII>
.050
<PER-SHARE-GAIN-APPREC>
0
<PER-SHARE-DIVIDEND>
.050
<PER-SHARE-DISTRIBUTIONS>
0
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
1.000
<EXPENSE-RATIO>
65
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000704207
<NAME> Fidelity Newbury Street Trust
<SERIES>
<NUMBER> 32
<NAME> Prime Fund - Capital Reserves Class
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
year
<FISCAL-YEAR-END>
oct-31-1997
<PERIOD-END>
Oct-31-1997
<INVESTMENTS-AT-COST>
4,443,868
<INVESTMENTS-AT-VALUE>
4,443,868
<RECEIVABLES>
22,517
<ASSETS-OTHER>
1
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
4,466,386
<PAYABLE-FOR-SECURITIES>
0
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
15,581
<TOTAL-LIABILITIES>
15,581
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
4,451,597
<SHARES-COMMON-STOCK>
1,764,453
<SHARES-COMMON-PRIOR>
0
<ACCUMULATED-NII-CURRENT>
0
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
(792)
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
0
<NET-ASSETS>
4,450,805
<DIVIDEND-INCOME>
0
<INTEREST-INCOME>
141,883
<OTHER-INCOME>
0
<EXPENSES-NET>
16,476
<NET-INVESTMENT-INCOME>
125,407
<REALIZED-GAINS-CURRENT>
(2)
<APPREC-INCREASE-CURRENT>
0
<NET-CHANGE-FROM-OPS>
125,405
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
228
<DISTRIBUTIONS-OF-GAINS>
0
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
1,881,076
<NUMBER-OF-SHARES-REDEEMED>
116,849
<SHARES-REINVESTED>
226
<NET-CHANGE-IN-ASSETS>
1,787,396
<ACCUMULATED-NII-PRIOR>
0
<ACCUMULATED-GAINS-PRIOR>
(764)
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
9,982
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
19,085
<AVERAGE-NET-ASSETS>
1,737,769
<PER-SHARE-NAV-BEGIN>
1.000
<PER-SHARE-NII>
.000
<PER-SHARE-GAIN-APPREC>
0
<PER-SHARE-DIVIDEND>
.000
<PER-SHARE-DISTRIBUTIONS>
0
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
1.000
<EXPENSE-RATIO>
90
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000704207
<NAME> Fidelity Newbury Street Trust
<SERIES>
<NUMBER> 11
<NAME> Tax#Exempt Fund - Daily Money Class
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
year
<FISCAL-YEAR-END>
oct-31-1997
<PERIOD-END>
Oct-31-1997
<INVESTMENTS-AT-COST>
650,058
<INVESTMENTS-AT-VALUE>
650,058
<RECEIVABLES>
3,812
<ASSETS-OTHER>
161
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
654,031
<PAYABLE-FOR-SECURITIES>
1,002
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
7,795
<TOTAL-LIABILITIES>
8,797
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
645,358
<SHARES-COMMON-STOCK>
468,699
<SHARES-COMMON-PRIOR>
500,192
<ACCUMULATED-NII-CURRENT>
0
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
(124)
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
0
<NET-ASSETS>
645,234
<DIVIDEND-INCOME>
0
<INTEREST-INCOME>
17,503
<OTHER-INCOME>
0
<EXPENSES-NET>
3,069
<NET-INVESTMENT-INCOME>
14,434
<REALIZED-GAINS-CURRENT>
0
<APPREC-INCREASE-CURRENT>
0
<NET-CHANGE-FROM-OPS>
14,434
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
14,420
<DISTRIBUTIONS-OF-GAINS>
0
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
1,868,631
<NUMBER-OF-SHARES-REDEEMED>
1,913,029
<SHARES-REINVESTED>
12,905
<NET-CHANGE-IN-ASSETS>
145,140
<ACCUMULATED-NII-PRIOR>
0
<ACCUMULATED-GAINS-PRIOR>
(98)
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
1,851
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
3,707
<AVERAGE-NET-ASSETS>
471,677
<PER-SHARE-NAV-BEGIN>
1.000
<PER-SHARE-NII>
.031
<PER-SHARE-GAIN-APPREC>
0
<PER-SHARE-DIVIDEND>
.031
<PER-SHARE-DISTRIBUTIONS>
0
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
1.000
<EXPENSE-RATIO>
65
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000704207
<NAME> Fidelity Newbury Street Trust
<SERIES>
<NUMBER> 12
<NAME> Tax#Exempt Fund - Capital Reserves Class
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
year
<FISCAL-YEAR-END>
oct-31-1997
<PERIOD-END>
Oct-31-1997
<INVESTMENTS-AT-COST>
650,058
<INVESTMENTS-AT-VALUE>
650,058
<RECEIVABLES>
3,812
<ASSETS-OTHER>
161
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
654,031
<PAYABLE-FOR-SECURITIES>
1,002
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
7,795
<TOTAL-LIABILITIES>
8,797
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
645,358
<SHARES-COMMON-STOCK>
176,659
<SHARES-COMMON-PRIOR>
0
<ACCUMULATED-NII-CURRENT>
0
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
(124)
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
0
<NET-ASSETS>
645,234
<DIVIDEND-INCOME>
0
<INTEREST-INCOME>
17,503
<OTHER-INCOME>
0
<EXPENSES-NET>
3,069
<NET-INVESTMENT-INCOME>
14,434
<REALIZED-GAINS-CURRENT>
0
<APPREC-INCREASE-CURRENT>
0
<NET-CHANGE-FROM-OPS>
14,434
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
14
<DISTRIBUTIONS-OF-GAINS>
0
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
185,561
<NUMBER-OF-SHARES-REDEEMED>
9,328
<SHARES-REINVESTED>
426
<NET-CHANGE-IN-ASSETS>
145,140
<ACCUMULATED-NII-PRIOR>
0
<ACCUMULATED-GAINS-PRIOR>
(98)
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
1,851
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
3,707
<AVERAGE-NET-ASSETS>
177,680
<PER-SHARE-NAV-BEGIN>
1.000
<PER-SHARE-NII>
.000
<PER-SHARE-GAIN-APPREC>
0
<PER-SHARE-DIVIDEND>
.000
<PER-SHARE-DISTRIBUTIONS>
0
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
1.000
<EXPENSE-RATIO>
90
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
