SUPPLEMENT TO THE
NEW YORK TAX-FREE
FUNDS PROSPECTUS
DATED MARCH 22, 1994
The following information
replaces the similar information
found in the Expenses section
beginning on page 4.
SHAREHOLDER TRANSACTION
EXPENSES are charges you pay
when you buy, sell, or hold
shares of a fund. See page 27
for more information about
these fees.
Maximum sales charge on
purchases and
reinvested dividends None
Deferred sales charge on
redemptions None
Exchange fee None
Annual account maintenance fee
(for accounts under $2,500) $12.00
The following information
replaces similar information
found in the Taxes section
beginning on page 26.
The interest from some
municipal securities is subject
to the federal alternative
minimum tax. Each fund may
invest so that up to 20% of its
income is derived from these
securities. Individuals who are
subject to the tax must report
this interest on their tax returns.
The following paragraph
supplements the information
found in the section entitled
Transaction Details beginning
on page 27.
Fidelity reserves the right to
deduct an annual maintenance
fee of $12.00 from accounts
with a value of less than
$2,500, subject to an annual
maximum charge of $60.00 per
shareholder. It is expected that
accounts will be valued on the
second Friday in November of
each year. Accounts opened
after September 30 will not be
subject to the fee for that year.
The fee, which is payable to
the transfer agent, is designed
to offset in part the relatively
higher costs of servicing
smaller accounts. The fee will
not be deducted from
retirement accounts, accounts
using regular investment plans,
core accounts for a Fidelity
Ultra Service Account or a
FidelityPlus brokerage account,
or if total assets in Fidelity
funds exceed $50,000.
Eligibility for the $50,000 waiver
is determined by aggregating
Fidelity mutual fund accounts
maintained by FSC or FBSI
which are registered under the
same social security number or
which list the same social
security number for the
custodian of a Uniform
Gifts/Transfers to Minors Act
account.
SUPPLEMENT TO THE
NEW YORK TAX-FREE
FUNDS PROSPECTUS
DATED MARCH 22, 1994
The following information
replaces the similar information
found in the Expenses section
beginning on page 4.
SHAREHOLDER TRANSACTION
EXPENSES are charges you pay
when you buy, sell, or hold
shares of a fund. See page 27
for more information about
these fees.
Maximum sales charge on
purchases and
reinvested dividends None
Deferred sales charge on
redemptions None
Exchange fee None
Annual account maintenance fee
(for accounts under $2,500) $12.00
The following information
replaces similar information
found in the Taxes section
beginning on page 26.
The interest from some
municipal securities is subject
to the federal alternative
minimum tax. Each fund may
invest so that up to 20% of its
income is derived from these
securities. Individuals who are
subject to the tax must report
this interest on their tax returns.
The following paragraph
supplements the information
found in the section entitled
Transaction Details beginning
on page 27.
Fidelity reserves the right to
deduct an annual maintenance
fee of $12.00 from accounts
with a value of less than
$2,500, subject to an annual
maximum charge of $60.00 per
shareholder. It is expected that
accounts will be valued on the
second Friday in November of
each year. Accounts opened
after September 30 will not be
subject to the fee for that year.
The fee, which is payable to
the transfer agent, is designed
to offset in part the relatively
higher costs of servicing
smaller accounts. The fee will
not be deducted from
retirement accounts, accounts
using regular investment plans,
core accounts for a Fidelity
Ultra Service Account or a
FidelityPlus brokerage account,
or if total assets in Fidelity
funds exceed $50,000.
Eligibility for the $50,000 waiver
is determined by aggregating
Fidelity mutual fund accounts
maintained by FSC or FBSI
which are registered under the
same social security number or
which list the same social
security number for the
custodian of a Uniform
Gifts/Transfers to Minors Act
account.
NFR-95-1 January 23, 1995
NFR-95-1 January 23, 1995
SUPPLEMENT TO THE
NEW YORK TAX-FREE
FUNDS PROSPECTUS
DATED MARCH 22, 1994
The following information
replaces the similar
information found in the
Expenses section beginning
on page 4.
SHAREHOLDER TRANSACTION
EXPENSES are charges you
pay when you buy, sell, or
hold shares of a fund. See
page 27 for more information
about these fees.
Maximum sales charge on
purchases and
reinvested dividends None
Deferred sales charge on
redemptions None
Exchange fee None
Annual account maintenance fee
(for accounts under $2,500) $12.
00
The following information
replaces similar information
found in the Taxes section
beginning on page 26.
The interest from some
municipal securities is
subject to the federal
alternative minimum tax.
Each fund may invest so that
up to 20% of its income is
derived from these securities.
Individuals who are subject to
the tax must report this
interest on their tax returns.
The following paragraph
supplements the information
found in the section entitled
Transaction Details
beginning on page 27.
Fidelity reserves the right to
deduct an annual
maintenance fee of $12.00
from accounts with a value of
less than $2,500, subject to
an annual maximum charge
of $60.00 per shareholder. It
is expected that accounts will
be valued on the second
Friday in November of each
year. Accounts opened after
September 30 will not be
subject to the fee for that
year. The fee, which is
payable to the transfer agent,
is designed to offset in part
the relatively higher costs of
servicing smaller accounts.
The fee will not be deducted
from retirement accounts,
accounts using regular
investment plans, core
accounts for a Fidelity Ultra
Service Account or a
FidelityPlus brokerage
account, or if total assets in
Fidelity funds exceed
$50,000. Eligibility for the
$50,000 waiver is determined
by aggregating Fidelity
mutual fund accounts
maintained by FSC or FBSI
which are registered under
the same social security
number or which list the
same social security number
for the custodian of a
Uniform Gifts/Transfers to
Minors Act account.
SUPPLEMENT TO THE
NEW YORK TAX-FREE
FUNDS PROSPECTUS
DATED MARCH 22, 1994
The following information
replaces the similar
information found in the
Expenses section beginning
on page 4.
SHAREHOLDER TRANSACTION
EXPENSES are charges you
pay when you buy, sell, or
hold shares of a fund. See
page 27 for more information
about these fees.
Maximum sales charge on
purchases and
reinvested dividends None
Deferred sales charge on
redemptions None
Exchange fee None
Annual account maintenance fee
(for accounts under $2,500) $12.
00
The following information
replaces similar information
found in the Taxes section
beginning on page 26.
The interest from some
municipal securities is
subject to the federal
alternative minimum tax.
Each fund may invest so that
up to 20% of its income is
derived from these securities.
Individuals who are subject to
the tax must report this
interest on their tax returns.
The following paragraph
supplements the information
found in the section entitled
Transaction Details
beginning on page 27.
Fidelity reserves the right to
deduct an annual
maintenance fee of $12.00
from accounts with a value of
less than $2,500, subject to
an annual maximum charge
of $60.00 per shareholder. It
is expected that accounts will
be valued on the second
Friday in November of each
year. Accounts opened after
September 30 will not be
subject to the fee for that
year. The fee, which is
payable to the transfer agent,
is designed to offset in part
the relatively higher costs of
servicing smaller accounts.
The fee will not be deducted
from retirement accounts,
accounts using regular
investment plans, core
accounts for a Fidelity Ultra
Service Account or a
FidelityPlus brokerage
account, or if total assets in
Fidelity funds exceed
$50,000. Eligibility for the
$50,000 waiver is determined
by aggregating Fidelity
mutual fund accounts
maintained by FSC or FBSI
which are registered under
the same social security
number or which list the
same social security number
for the custodian of a
Uniform Gifts/Transfers to
Minors Act account.
NFR-95-1 January 23, 1995
NFR-95-1 January 23, 1995
The following information
replaces similar information
found in the section entitled
"How to Buy Shares" on
page 20.
Shares are purchased at the
next share price calculated
after your investment is
received and accepted.
Share price is normally
calculated at 4 p.m. Eastern
time.
The following information
replaces similar information
found in the section entitled
"How to Sell Shares" on page
22.
You can arrange to take
money out of your fund
account at any time by selling
(redeeming) some or all of
your shares. Your shares will
be sold at the next share price
calculated after your order is
received and accepted. Share
price is normally calculated at
4 p.m. Eastern time.
The following information
supplements the information
found in the section entitled
"Transaction Details"
beginning on page 27.
FIDELITY RESERVES THE RIGHT
TO DEDUCT AN ANNUAL
MAINTENANCE FEE of $12.00
from accounts with a value of
less than $2,500, subject to
an annual maximum charge
of $60.00 per shareholder. It
is expected that accounts will
be valued on the second
Friday in November of each
year. Accounts opened after
September 30 will not be
subject to the fee for that
year. The fee, which is
payable to the transfer agent,
is designed to offset in part
the relatively higher costs of
servicing smaller accounts.
The fee will not be deducted
from retirement accounts,
accounts using regular
investment plans, or if total
assets in Fidelity funds
exceed $50,000. Eligibility for
the $50,000 waiver is
determined by aggregating
Fidelity mutual fund accounts
maintained by FSC or FBSI
which are registered under
the same social security
number or which list the
same social security number
for the custodian of a
Uniform Gifts/Transfers to
Minors Act account.
The following information
replaces similar information
found in the section entitled
"How to Buy Shares" on page
20.
Shares are purchased at the
next share price calculated
after your investment is
received and accepted.
Share price is normally
calculated at 4 p.m. Eastern
time.
The following information
replaces similar information
found in the section entitled
"How to Sell Shares" on page
22.
You can arrange to take
money out of your fund
account at any time by selling
(redeeming) some or all of
your shares. Your shares will
be sold at the next share price
calculated after your order is
received and accepted. Share
price is normally calculated at
4 p.m. Eastern time.
The following information
supplements the information
found in the section entitled
"Transaction Details"
beginning on page 27.
FIDELITY RESERVES THE RIGHT
TO DEDUCT AN ANNUAL
MAINTENANCE FEE of $12.00
from accounts with a value of
less than $2,500, subject to
an annual maximum charge
of $60.00 per shareholder. It
is expected that accounts will
be valued on the second
Friday in November of each
year. Accounts opened after
September 30 will not be
subject to the fee for that
year. The fee, which is
payable to the transfer agent,
is designed to offset in part
the relatively higher costs of
servicing smaller accounts.
The fee will not be deducted
from retirement accounts,
accounts using regular
investment plans, or if total
assets in Fidelity funds
exceed $50,000. Eligibility for
the $50,000 waiver is
determined by aggregating
Fidelity mutual fund accounts
maintained by FSC or FBSI
which are registered under
the same social security
number or which list the
same social security number
for the custodian of a Uniform
Gifts/Transfers to Minors Act
account.
(PAGE 2 OF 2)
(PAGE 2 OF 2)
