SUPPLEMENT TO THE
FIDELITY U.S. EQUITY
INDEX PORTFOLIO
PROSPECTUS
DATED APRIL 19, 1996
Effective October 21, 1996, the following disclosure supplements the
information found in the section entitled "Securities and Investment
Practices" beginning on page P-9:
CASH MANAGEMENT. The fund may invest in money market securities,
in a pooled account of repurchase agreements, and in a money market fund
available only to funds and accounts managed by FMR or its affiliates,
whose goal is to seek a high level of current income while maintaining a
stable $1.00 share price. A major change in interest rates or a default on
the money market fund's investments could cause its share price to
change.
Effective September 30, 1996, the following disclosure replaces the similar
information in the "Selling Shares in Writing" discussion in the "How to
Sell Shares" section found on page P-14 of the fund's prospectus.
Mail your letter to the following address:
Fidelity Investments
P.O. Box 770002
Cincinnati, OH 45277-0081
SUPPLEMENT TO THE FIDELITY U.S. EQUITY INDEX PORTFOLIO
A FUND OF FIDELITY INSTITUTIONAL TRUST
STATEMENT OF ADDITIONAL INFORMATION
DATED APRIL 19, 1996
Effective October 21, 1996, the following information replaces the fund's
non-fundamental limitation (v) found in the "Investment Policies and
Limitations" section on page 3.
The fund does not currently intend to (a) purchase securities of other
investment companies, except in the open market where no commission except
the ordinary broker's commission is paid, or (b) purchase or retain
securities issued by other open-end investment companies. Limitations (a)
and (b) do not apply (i) to securities received as dividends, through
offers of exchange, or as a result of a reorganization, consolidation or
merger, or (ii) to securities of other open-end investment companies
managed by FMR or a successor or affiliate purchased pursuant to an
exemptive order granted by the SEC.
