SUPPLEMENT TO THE FIDELITY INSTITUTIONAL SHORT-INTERMEDIATE GOVERNMENT
FUND'S JANUARY 20, 1998
PROSPECTUS
The following replaces similar information in the "Transaction
Details" section on page P-20.
WHEN YOU PLACE AN ORDER TO BUY SHARES, your shares will be
purchased at the next NAV calculated after your order is received in
proper form. Note the following:
(small solid bullet) All of your purchases must be made in U.S.
dollars and checks must be drawn on U.S. banks.
(small solid bullet) Fidelity does not accept cash.
(small solid bullet) When making a purchase with more than one
check, each check must have a value of at least $50.
(small solid bullet) The fund reserves the right to limit the
number of checks processed at one time.
(small solid bullet) If your check does not clear, your purchase
will be canceled and you could be liable for any losses or fees the
fund or Fidelity has incurred.
(small solid bullet) Automated Purchase Orders: You begin to earn
dividends as of the day your funds are received.
(small solid bullet) Confirmed Purchases: You begin to earn
dividends as of the first business day following the day your funds
are received.
(small solid bullet) Other Purchases: You begin to earn
dividends on your shares as of the first business day following the
day of your purchase.
CONFIRMED PURCHASES. Certain financial institutions that
meet FDC's creditworthiness criteria may enter confirmed purchase
orders on behalf of customers by phone, with payment to follow no
later than close of business on the next business day. If payment is
not received by the next business day, the order will be canceled and
the financial institution will be liable for any losses.
The following information replaces the similar table in the "How to
Buy Shares" section on page P-13.
MINIMUM INVESTMENTS
TO OPEN AN ACCOUNT $100,000
For certain Fidelity retirement accounts(double dagger) $500
TO ADD TO AN ACCOUNT $2,500
For certain Fidelity retirement accounts(double dagger) $250
MINIMUM BALANCE $40,000
For certain Fidelity retirement accounts(double dagger) $500
(double dagger) THESE LOWER MINIMUMS APPLY TO FIDELITY ROLLOVER IRA
AND KEOGH ACCOUNTS.
The following information has been eliminated from the "Investors
Services" section on page P-17:
SYSTEMATIC WITHDRAWAL PLANS let you set up periodic redemptions from
your account.
REGULAR INVESTMENT PLANS
One easy way to pursue your financial goals is to invest money
regularly. Fidelity offers a convenient service that lets you transfer
money between fund account, or between fund accounts, automatically.
While regular investment plans do not guarantee a profit and will not
protect you against loss in a declining market, they can be an
excellent way to invest for retirement, a home, educational expenses,
and other long-term financial goals. Certain restrictions apply for
retirement accounts. Call Fidelity Client Services for more
information.
The "Regular Investment Plans" chart has been eliminated from the
"Investor Services" section on page P-18.
