SUPPLEMENT TO THE FIDELITY INSTITUTIONAL SHORT-INTERMEDIATE GOVERNMENT
FUND'S JANUARY 20, 1998
PROSPECTUS
The following information replaces similar information found under
the heading "FMR and Its Affiliates" in the "Charter" section on page
P-7 .
Andrew Dudley is Vice President and manager of Institutional
Short-Intermediate Government, which he has managed since December
1998. He also manages other Fidelity funds. Prior to joining Fidelity
in 1996, Mr. Dudley was a portfolio manager for Putnam Investments
from 1991 to 1996.
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.
