INDEPENDENT AUDITORS' REPORT
To the Trustees and Shareholders of Fidelity Garrison Street
Trust:
In planning and performing our audit of the financial
statements of Fidelity Money Market Central Cash Fund (the
"Fund"), a fund of the Fidelity Garrison Street Trust (the
"Trust"), for the year ended September 30, 2000 (on which we
have issued our report dated November 2, 2000), we
considered its internal control, including control
activities for safeguarding securities, in order to
determine our auditing procedures for the purpose of
expressing our opinion on the financial statements and to
comply with the requirements of Form N-SAR, and not to
provide assurance on the Fund's internal control.
The management of the Fund is responsible for establishing
and maintaining internal control. In fulfilling this
responsibility, estimates and judgments by management are
required to assess the expected benefits and related costs
of controls. Generally, controls that are relevant to an
audit pertain to the entity's objective of preparing
financial statements for external purposes that are fairly
presented in conformity with accounting principles generally
accepted in the United States of America. Those controls
include the safeguarding of assets against unauthorized
acquisition, use, or disposition.
Because of inherent limitations in any internal control,
misstatements due to error or fraud may occur and not be
detected. Also, projections of any evaluation of internal
control to future periods are subject to the risk that the
internal control may become inadequate because of changes in
conditions or that the degree of compliance with policies or
procedures may deteriorate.
Our consideration of the Fund's internal control would not
necessarily disclose all matters in the internal control
that might be material weaknesses under standards
established by the American Institute of Certified Public
Accountants. A material weakness is a condition in which
the design or operation of one or more of the internal
control components does not reduce to a relatively low level
the risk that misstatements caused by error or fraud in
amounts that would be material in relation to the financial
statements being audited may occur and not be detected
within a timely period by employees in the normal course of
performing their assigned functions. However, we noted no
matters involving the Fund's internal control and its
operation, including controls for safeguarding securities
that we consider to be material weaknesses as defined above
as of September 30, 2000.
This report is intended solely for the information and use
of management, the Board of Trustees and Shareholders of
Fidelity Garrison Street Trust, and the Securities and
Exchange Commission and is not intended to be and should not
be used by anyone other than these specified parties.
DELOITTE & TOUCHE LLP
November 2, 2000
