FIDELITY RETIREMENT RESERVES
SUPPLEMENT TO
THE PROSPECTUS
DATED APRIL 30, 1998
In the DEATH BENEFIT section on page 29 of the Fidelity Retirement
Reserves prospectus, the phrase "70th birthday" is being replaced by
"85th birthday. The text of the DEATH BENEFIT section amended by this
supplement now reads as follows:
DEATH BENEFIT
If the Annuitant dies on or before his or her 85th birthday, the DEATH
BENEFIT will equal the greater of: (1) the purchase payments paid,
less any partial withdrawals and charges thereon; and (2) the Contract
Value as of the end of the Valuation Period in which proof of death is
received at our Annuity Service Center. If the Annuitant dies after
his or her 85th birthday, the Death Benefit will equal the Contract
Value as of the end of the Valuation Period in which proof of death is
received at our Annuity Service Center.
This change will not apply to Contracts issued in Montana until
approved by the Montana Insurance Commissioner.
All other text in the DEATH BENEFIT section of the prospectus remains
unaffected by this supplement.
Regarding the ANNUITY DATE section on page 30 of the prospectus, you
may request that the company allow the ANNUITY DATE to be the first
day of the calendar month following the Annuitant's 90th birthday. The
ANNUITY DATE section, as amended, now reads as follows:
ANNUITY DATE
When your Contract is issued, it will generally provide for the
Annuity Date to be the first day of the calendar month following the
Annuitant's 85th birthday or, if later, the first day of the calendar
month following the Contract's fifth Anniversary. You may request that
the company allow the Annuity Date to be as late as the first day of
the calendar month following the Annuitant's 90th birthday. You may
change the Annuity Date by written notice received at the Annuity
Service Center at least 30 days prior to the current Annuity Date then
in effect. The Annuity Date must be the first day of a month. The
earliest permissible Annuity Date is the first day of the calendar
month following the expiration of the free look period.
This change will not apply to Contracts issued in Montana until
approved by the Montana Insurance Commissioner.
