<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
"Rule 24f-2 Notice"
Fidelity California Municipal Trust
(Name of Registrant)
File No. 2-83367
</PAGE>
<PAGE>
FILE NO. 2-83367
Fidelity California Municipal Trust
: Fidelity California Tax-Free High Yield Portfolio
RULE 24F-2 - FILED PURSUANT TO RULE
24f-2(b)(1) OF THE INVESTMENT COMPANY ACT OF 1940
(i) Fiscal Year for Which Notice Filed
Fiscal year ended February 28, 1995
(ii) Number of Securities Which Remained Unsold at Beginning of Fiscal Year
Registered Other Than Pursuant to Rule 24f-2
9,717,907 shares
(iii) Number of Securities Registered During Fiscal Year Other Than Pursuant
to Rule 24f-2
2,424,108 shares
(iv) Number of Securities Sold During Fiscal Year
8,082,007 shares
For information relating to the calculation of the filing fee,
see Note (1) below.
(v) Number of Securities Sold During Fiscal Year Pursuant to Rule 24f-2
8,082,007 shares
<TABLE>
<CAPTION>
Number of Shares
Aggregate Price
<S>
<C>
<C>
Sales Pursuant to Rule 24f-2:
8,082,007
$
88,981,948
Redemptions See Note (2) :
(8,082,007)
$
(88,981,948)
Note (2) : The total number of shares redeemed for the total dollar amount of
redemptions for the fiscal period ended February 28, 1995
, aggregated
15,215,484
and $166,997,663
, respectively. An additional filing
pursuant to Rule 24e-2 can be made to register a number of shares
that will include the share redemptions not utilized under Rule 24f-2.
Net Sales Pursuant to Rule 24f-2:
0
$
0
</TABLE>
Note (1) : Pursuant to Rule 24f-2(c), the filing fee, calculated in the
manner specified in Section 6(b) of the Securities Act
of 1933, amounted to: $0
Fidelity California Municipal Trust
:
Fidelity California Tax-Free High Yield Portfolio
By John H. Costello
Assistant Treasurer
</PAGE>
<PAGE>
FILE NO. 2-83367
Fidelity California Municipal Trust
: Fidelity California Tax-Free Insured Portfolio
RULE 24F-2 - FILED PURSUANT TO RULE
24f-2(b)(1) OF THE INVESTMENT COMPANY ACT OF 1940
(i) Fiscal Year for Which Notice Filed
Fiscal year ended February 28, 1995
(ii) Number of Securities Which Remained Unsold at Beginning of Fiscal Year
Registered Other Than Pursuant to Rule 24f-2
No shares
(iii) Number of Securities Registered During Fiscal Year Other Than Pursuant
to Rule 24f-2
No shares
(iv) Number of Securities Sold During Fiscal Year
9,161,615 shares
For information relating to the calculation of the filing fee,
see Note (1) below.
(v) Number of Securities Sold During Fiscal Year Pursuant to Rule 24f-2
9,161,615 shares
<TABLE>
<CAPTION>
Number of Shares
Aggregate Price
<S>
<C>
<C>
Sales Pursuant to Rule 24f-2:
9,161,615
$
89,403,793
Redemptions See Note (2) :
(9,161,615)
$
(89,403,793)
Note (2) : The total number of shares redeemed for the total dollar amount of
redemptions for the fiscal period ended February 28, 1995
, aggregated
15,615,632
and $152,246,558
, respectively. An additional filing
pursuant to Rule 24e-2 can be made to register a number of shares
that will include the share redemptions not utilized under Rule 24f-2.
Net Sales Pursuant to Rule 24f-2:
0
$
0
</TABLE>
Note (1) : Pursuant to Rule 24f-2(c), the filing fee, calculated in the
manner specified in Section 6(b) of the Securities Act
of 1933, amounted to: $0
Fidelity California Municipal Trust
:
Fidelity California Tax-Free Insured Portfolio
By John H. Costello
Assistant Treasurer
</PAGE>
<PAGE>
FILE NO. 2-83367
Fidelity California Municipal Trust
: Spartan California Municipal High Yield Portfolio
RULE 24F-2 - FILED PURSUANT TO RULE
24f-2(b)(1) OF THE INVESTMENT COMPANY ACT OF 1940
(i) Fiscal Year for Which Notice Filed
Fiscal year ended February 28, 1995
(ii) Number of Securities Which Remained Unsold at Beginning of Fiscal Year
Registered Other Than Pursuant to Rule 24f-2
No shares
(iii) Number of Securities Registered During Fiscal Year Other Than Pursuant
to Rule 24f-2
2,993,592 shares
(iv) Number of Securities Sold During Fiscal Year
8,049,380 shares
For information relating to the calculation of the filing fee,
see Note (1) below.
(v) Number of Securities Sold During Fiscal Year Pursuant to Rule 24f-2
8,049,380 shares
<TABLE>
<CAPTION>
Number of Shares
Aggregate Price
<S>
<C>
<C>
Sales Pursuant to Rule 24f-2:
8,049,380
$
80,085,080
Redemptions See Note (2) :
(8,049,380)
$
(80,085,080)
Note (2) : The total number of shares redeemed for the total dollar amount of
redemptions for the fiscal period ended February 28, 1995
, aggregated
23,261,421
and $231,670,779
, respectively. An additional filing
pursuant to Rule 24e-2 can be made to register a number of shares
that will include the share redemptions not utilized under Rule 24f-2.
Net Sales Pursuant to Rule 24f-2:
0
$
0
</TABLE>
Note (1) : Pursuant to Rule 24f-2(c), the filing fee, calculated in the
manner specified in Section 6(b) of the Securities Act
of 1933, amounted to: $0
Fidelity California Municipal Trust
:
Spartan California Municipal High Yield Portfolio
By John H. Costello
Assistant Treasurer
</PAGE>
<PAGE>
FILE NO. 2-83367
Fidelity California Municipal Trust
: Spartan California Intermediate Municipal Portfolio
RULE 24F-2 - FILED PURSUANT TO RULE
24f-2(b)(1) OF THE INVESTMENT COMPANY ACT OF 1940
(i) Fiscal Year for Which Notice Filed
Fiscal year ended February 28, 1995
(ii) Number of Securities Which Remained Unsold at Beginning of Fiscal Year
Registered Other Than Pursuant to Rule 24f-2
No shares
(iii) Number of Securities Registered During Fiscal Year Other Than Pursuant
to Rule 24f-2
No shares
(iv) Number of Securities Sold During Fiscal Year
5,689,086 shares
For information relating to the calculation of the filing fee,
see Note (1) below.
(v) Number of Securities Sold During Fiscal Year Pursuant to Rule 24f-2
5,689,086 shares
<TABLE>
<CAPTION>
Number of Shares
Aggregate Price
<S>
<C>
<C>
Sales Pursuant to Rule 24f-2:
5,689,086
$
53,135,545
Redemptions:
(3,327,012)
$
(30,710,334)
Net Sales Pursuant to Rule 24f-2:
2,362,074
$
22,425,211
</TABLE>
Note (1) : Pursuant to Rule 24f-2(c), the filing fee, calculated in the
manner specified in Section 6(b) of the Securities Act
of 1933, amounted to: $7,732.89
Fidelity California Municipal Trust
:
Spartan California Intermediate Municipal Portfolio
By John H. Costello
Assistant Treasurer
</PAGE>
April 19, 1995
Mr. John Costello, Assistant Treasurer
Fidelity California Municipal Trust (the trust):
Fidelity California Tax-Free Insured Portfolio
Fidelity California Tax-Free High Yield Portfolio
Spartan California Intermediate Municipal Portfolio
Spartan California Municipal High Yield Portfolio (the funds)
82 Devonshire Street
Boston, MA 02109
Dear Mr. Costello:
Fidelity California Municipal Trust (the trust) is a Massachusetts
business trust created under the name "Fidelity California Tax-
Exempt Money Market Trust" under a written Declaration of Trust
dated April 28, 1983 and executed and delivered in Boston,
Massachusetts on April 28, 1983. Its name was changed to
"Fidelity California Tax-Free Fund" by a supplement to the
Declaration of Trust adopted by the Board of Trustees on February
27, 1984 (there being no shareholders of this Trust) and delivered
in Boston, Massachusetts on March 1, 1984. The Declaration of
Trust was amended and restated on June 20, 1984 and delivered in
Boston, Massachusetts on July 11, 1984. A supplement to the
Declaration of Trust dated April 9, 1985 was filed with the
Secretary of the Commonwealth of Massachusetts on April 10,
1985. An additional supplement to the Declaration of Trust dated
November 30, 1987 was filed with the Secretary of the
Commonwealth of Massachusetts on December 2, 1987. The
Trust's name was changed to "Fidelity California Municipal Trust"
by a Supplement to the Declaration of Trust adopted by the Board
of Trustees and delivered in Boston, Massachusetts on October 13,
1989. The Declaration of Trust was amended and restated on
March 17, 1994 and filed with the Secretary of the Commonwealth
of Massachusetts on April 14, 1994.
I have conducted such legal and factual inquiry as I deem necessary
for the purpose of rendering this opinion.
Capitalized terms used herein, and not otherwise herein defined, are
used as defined in the Declaration of Trust.
Under Article III, Section 1 of the Declaration of Trust, the
beneficial interest in the Trust shall be divided into such transferable
Shares of one or more separate and distinct Series as the Trustees
shall from time to time create and establish. The number of Shares
is unlimited and each Share shall be without par value and shall be
fully paid and nonassessable. The Trustees shall have full power
and authority, in their sole discretion and, so far as provided in the
Declaration of Trust, without obtaining any prior authorization or
vote of the Shareholders of the trust to create and establish (and to
change in any manner) Shares with such preferences, voting
powers, rights and privileges as the Trustees may from time to time
determine, to divide or combine the Shares into a greater or lesser
number, to classify or reclassify any issued Shares into one or more
Series of Shares, to abolish any one or more Series of Shares, and
to take such other action with respect to the Shares as the Trustees
may deem desirable.
Under Article III, Section 4, the Trustees are empowered to accept
investments in the trust in cash or securities from such persons and
on such terms as they may from time to time authorize. Such
investments in the Trust, subsequent to the initial contribution of
capital, shall be credited to each Shareholder's account in the form
of full Shares at the Net Asset Value per Share next determined
after the investment is received; provided, however that the
Trustees may, in their sole discretion, (a) impose a sales charge
upon investments in the trust and (b) issue fractional Shares.
By a vote adopted on December 14, 1984, and amended on
February 22, 1985, the Board of Trustees authorized the issue and
sale of an unlimited number of shares of beneficial interest of this
Trust in accordance with the terms included in the Registration
Statement and subject to the limitations of the Declaration of Trust
and any amendments thereto.
I understand from you that, pursuant to Rule 24f-2 under the
Investment Company Act of 1940, the trust has registered an
indefinite number of shares of beneficial interest under the
Securities Act of 1933. I further understand that, pursuant to the
provisions of Rule 24f-2, the trust is about to file with the
Securities and Exchange Commission a Notice making definite the
registration of 30,982,088 shares of the trust (the "Shares") sold in
reliance upon Rule 24f-2 during the fiscal year ended February 28,
1995.
I am of the opinion that all necessary Trust action precedent to the
issue of the Shares has been duly taken, and that all the Shares were
legally and validly issued, and are fully paid and nonassessable,
except as described in the funds' Statements of Additional
Information under the heading "Shareholder and Trustee Liability-
Massachusetts Trust." In rendering this opinion, I rely on the
representation by the trust that it or its agent received consideration
for the Shares in accordance with the Declaration of Trust and I
express no opinion as to compliance with the Securities Act of
1933, the Investment Company Act of 1940, or applicable state
"Blue Sky" or securities laws in connection with sales of the Shares.
I hereby consent to the filing of this opinion with the Securities and
Exchange Commission in connection with a Rule 24f-2 Notice
which you are about to file under the 1940 Act with said
commission.
Sincerely,
/s/Arthur S. Loring, Esq.
Arthur S. Loring, Esq.
Vice President - Legal
