SUPPLEMENT TO THE SPARTAN(registered trademark) CALIFORNIA MUNICIPAL FUNDS'
APRIL 19, 1997 PROSPECTUS
As of August 21, 1997, Spartan California Intermediate Municipal Income
Fund was merged into Fidelity California Municipal Income Fund and
shareholders of Spartan California Intermediate Municipal Income Fund
became shareholders of Fidelity California Municipal Income Fund. The
merger was voted on and approved at a shareholder meeting on August 4,
1997. Spartan California Intermediate Municipal Income Fund ceased to exist
and is not offered.
As of August 14, 1997, Spartan California Municipal Income Fund was merged
into Fidelity California Municipal Income Fund and shareholders of Spartan
California Municipal Income Fund became shareholders of Fidelity California
Municipal Income Fund. The merger was voted on and approved at a
shareholder meeting on August 4, 1997. Spartan California Municipal Income
Fund ceased to exist and is not offered.
The following information replaces similar information found in the
"Expenses" section beginning on page 5.
The following figures are based on historical expenses, adjusted to reflect
current fees, and are calculated as a percentage of average net assets. FMR
has entered into arrangements on behalf of each fund with the fund's
custodian and transfer agent whereby credits realized as a result of
uninvested cash balances are used to reduce fund expenses. Including these
reductions, the total operating expenses presented in the table would have
been 0.49% for Spartan California Money Market, 0.54% for Spartan
California Intermediate and 0.54% for Spartan California Income.
SPARTAN CA MONEY MARKET
Management fee 0.50
%
12b-1 fee None
Other expenses 0.00
%
Total fund operating expenses 0.50
%
SPARTAN CA MONEY MARKET
Account Account
open closed
After 1 year $ 5 $ 10
After 3 years $ 16 $ 21
After 5 years $ 28 $ 33
After 10 years $ 63 $ 68
The following information found in the "Expenses" section beginning on page
5 has been removed.
FMR has voluntarily agreed to reimburse Spartan California Money Market to
the extent that total operating expenses exceed 0.35% of its average net
assets. If this agreement were not in effect, the management fee, other
expenses, and total operating expenses would have been 0.50%, 0.00%, and
0.50%, respectively. Expenses eligible for reimbursement do not include
interest, taxes, brokerage commissions, or extraordinary expenses.
