SUPPLEMENT TO THE
SPARTAN NEW YORK
MUNICIPAL FUNDS
PROSPECTUS
DATED MARCH 20, 1995
The following replaces similar
information found under
"Expenses" on page 6.
SPARTAN NY INTERMEDIATE
Management fee (after
reimbursement) .25 %
12b-1 fee None
Other expenses .00 %
Total fund operating expenses . 2
5 %
SPARTAN NY INTERMEDIATE
Account open Account
closed
After 1 year $3 $8
After 3 years $8 $13
After 5 years $14 $19
After 10 years $32 $37
FMR has voluntarily agreed
to temporarily limit Spartan
NY Intermediate Municipal's
operating expenses to .25%
of its average net assets. If
this agreement was not in
effect, the management fee,
other expenses, and total
operating expenses would be
.55%, .00%, and .55%,
respectively. Expenses
eligible for reimbursement do
not include interest, taxes,
brokerage commissions, or
extraordinary expenses.
SUPPLEMENT TO THE
SPARTAN NEW YORK
MUNICIPAL FUNDS
PROSPECTUS
DATED MARCH 20, 1995
The following replaces similar
information found under
"Expenses" on page 6.
SPARTAN NY INTERMEDIATE
Management fee (after
reimbursement) .25 %
12b-1 fee None
Other expenses .00 %
Total fund operating expenses . 2
5 %
SPARTAN NY INTERMEDIATE
Account open Account
closed
After 1 year $3 $8
After 3 years $8 $13
After 5 years $14 $19
After 10 years $32 $37
FMR has voluntarily agreed
to temporarily limit Spartan
NY Intermediate Municipal's
operating expenses to .25%
of its average net assets. If
this agreement was not in
effect, the management fee,
other expenses, and total
operating expenses would be
.55%, .00%, and .55%,
respectively. Expenses
eligible for reimbursement do
not include interest, taxes,
brokerage commissions, or
extraordinary expenses.
SNR-95-2 May 1, 1995
SNR-95-2 May 1, 1995
