FIDELITY NEW YORK MUNICIPAL MONEY MARKET FUND
A FUND OF FIDELITY NEW YORK MUNICIPAL TRUST II
FIDELITY NEW YORK INSURED MUNICIPAL INCOME FUND
FIDELITY NEW YORK MUNICIPAL INCOME FUND
FUNDS OF FIDELITY NEW YORK MUNICIPAL TRUST
MARCH 31, 1997
SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION
The following information replaces similar information found in the
"Trustees and Officers" section beginning on page 29.
The following table sets forth information describing the compensation of
each Trustee of each fund for his or her services for the fiscal year ended
January 31, 1997, or calendar year ended December 31, 1996, as applicable.
COMPENSATION TABLE
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Trustees Aggregate Aggregate Aggregate Total
Compensation Compensation from Compensation Compensation
from New York from from the
New York InsuredA,C New York Fund Complex*A
MoneyA,B IncomeA,D
J. Gary Burkhead ** $ 0 $ 0 $ 0 $ 0
Ralph F. Cox 289 113 144 137,700
Phyllis Burke Davis 283 112 143 134,700
Richard J. Flynn*** 312 124 158 168,000
Edward C. Johnson 3d ** 0 0 0 0
E. Bradley Jones 283 112 143 134,700
Donald J. Kirk 286 113 144 136,200
Peter S. Lynch ** 0 0 0 0
William O. McCoy**** 168 79 100 85,333
Gerald C. McDonough 296 117 149 136,200
Edward H. Malone*** 252 99 126 136,200
Marvin L. Mann 283 111 141 134,700
Thomas R. Williams 286 113 144 136,200
</TABLE>
* Information for calendar year ended December 31, 1996 for 235 funds in
the complex.
** Interested Trustees of the fund are compensated by FMR.
*** Richard J. Flynn and Edward H. Malone served on the Board of Trustees
through December 31, 1996.
****During the period from May 1, 1996 through December 31, 1996, William
O. McCoy served as a Member of the Advisory Board of each trust. Mr. McCoy
was appointed to the Board of Trustees of Fidelity New York Municipal Trust
effective January 1, 1997. Mr. McCoy was elected to the Board of Trustees
of Fidelity New York Municipal Trust II on March 24, 1997.
A Compensation figures include cash, a pro rata portion of benefits accrued
under the retirement program for the period ended December 30, 1996 and
required to be deferred, and may include amounts deferred at the election
of Trustees.
B The following amounts are required to be deferred by each non-interested
Trustee, most of which is subject to vesting: Ralph F. Cox, $9, Phyllis
Burke Davis, $9, Richard J. Flynn, $0, E. Bradley Jones, $9, Donald J.
Kirk, $9, William O. McCoy, $0, Gerald C. McDonough, $9, Edward H. Malone,
$9, Marvin L. Mann, $9, and Thomas R. Williams, $9.
C The following amounts are required to be deferred by each non-interested
Trustee, most of which is subject to vesting: Ralph F. Cox, $1, Phyllis
Burke Davis, $1, Richard J. Flynn, $0, E. Bradley Jones, $1, Donald J.
Kirk, $1, William O. McCoy, $0, Gerald C. McDonough, $1, Edward H. Malone,
$1, Marvin L. Mann, $1, and Thomas R. Williams, $1.
D The following amounts are required to be deferred by each non-interested
Trustee, most of which is subject to vesting: Ralph F. Cox, $4, Phyllis
Burke Davis, $4, Richard J. Flynn, $0, E. Bradley Jones, $4, Donald J.
Kirk, $4, William O. McCoy, $0, Gerald C. McDonough, $4, Edward H. Malone,
$4, Marvin L. Mann, $4, and Thomas R. Williams, $4.
SPARTAN(registered trademark) NEW YORK MUNICIPAL MONEY MARKET FUND
A FUND OF FIDELITY NEW YORK MUNICIPAL TRUST
SPARTAN(registered trademark) NEW YORK INTERMEDIATE MUNICIPAL INCOME FUND
SPARTAN(registered trademark) NEW YORK MUNICIPAL INCOME FUND
FUNDS OF FIDELITY NEW YORK MUNICIPAL TRUST
MARCH 31, 1997
SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION
The following information replaces similar information found in the
"Trustees and Officers" section beginning on page 33.
The following table sets forth information describing the compensation of
each Trustee of each fund for his or her services for the fiscal year ended
January 31, 1997, or calendar year ended December 31, 1996, as applicable.
COMPENSATION TABLE
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Trustees Aggregate Aggregate Aggregate Total
Compensation Compensation Compensation Compensation
from from from from the
Spartan New York Spartan New York Spartan New York Fund Complex*A
MoneyA,B IntermediateA,C IncomeA,D
J. Gary Burkhead ** $ 0 $ 0 $ 0 $ 0
Ralph F. Cox 247 19 110 137,700
Phyllis Burke Davis 239 19 109 134,700
Richard J. Flynn*** 263 21 120 168,000
Edward C. Johnson 3d ** 0 0 0 0
E. Bradley Jones 239 19 109 134,700
Donald J. Kirk 242 19 110 136,200
Peter S. Lynch ** 0 0 0 0
William O. McCoy**** 144 13 76 85,333
Gerald C. McDonough 251 20 114 136,200
Edward H. Malone*** 213 17 96 136,200
Marvin L. Mann 240 19 108 134,700
Thomas R. Williams 242 19 110 136,200
</TABLE>
* Information for calendar year ended December 31, 1996 for 235 funds in
the complex.
** Interested Trustees of the fund are compensated by FMR.
*** Richard J. Flynn and Edward H. Malone served on the Board of Trustees
through December 31, 1996.
****During the period from May 1, 1996 through December 31, 1996, William
O. McCoy served as a Member of the Advisory Board of each trust. Mr. McCoy
was appointed to the Board of Trustees of Fidelity New York Municipal Trust
effective January 1, 1997. Mr. McCoy was elected to the Board of Trustees
of Fidelity New York Municipal Trust II on March 24, 1997.
A Compensation figures include cash, a pro rata portion of benefits accrued
under the retirement program for the period ended December 30, 1996 and
required to be deferred, and may include amounts deferred at the election
of Trustees.
B The following amounts are required to be deferred by each non-interested
Trustee, most of which is subject to vesting: Ralph F. Cox, $9, Phyllis
Burke Davis, $9, Richard J. Flynn, $0, E. Bradley Jones, $9, Donald J.
Kirk, $9, William O. McCoy, $0, Gerald C. McDonough, $9, Edward H. Malone,
$9, Marvin L. Mann, $9, and Thomas R. Williams, $9.
C The following amounts are required to be deferred by each non-interested
Trustee, most of which is subject to vesting: Ralph F. Cox, $1, Phyllis
Burke Davis, $1, Richard J. Flynn, $0, E. Bradley Jones, $1, Donald J.
Kirk, $1, William O. McCoy, $0, Gerald C. McDonough, $1, Edward H. Malone,
$1, Marvin L. Mann, $1, and Thomas R. Williams, $1.
D The following amounts are required to be deferred by each non-interested
Trustee, most of which is subject to vesting: Ralph F. Cox, $4, Phyllis
Burke Davis, $4, Richard J. Flynn, $0, E. Bradley Jones, $4, Donald J.
Kirk, $4, William O. McCoy, $0, Gerald C. McDonough, $4, Edward H. Malone,
$4, Marvin L. Mann, $4, and Thomas R. Williams, $4.
