SUPPLEMENT TO THE
SPARTAN(registered trademark) MUNICIPAL FUNDS'
PROSPECTUS
DATED OCTOBER 25, 1995
Effective February 1, 1996, the following information replaces the
similar information found in the EXPENSES section beginning on page 6:
The operating expenses on page 7 are projections based on historical
expenses, and are calculated as a percentage of average net assets. FMR has
voluntarily agreed to temporarily limit the total operating expenses of
Spartan Municipal Money to .40% of average net ass ets. If this
agreement was not in effect, the management fee, other expenses, and
total operating expenses for Spartan Municipal Money would be .50%,
.00 %, and .50%, respectively. Expenses eligible for reimbursement do
not include interest, taxes, brokerage commissions, or extraordinary
expenses.
SPARTAN INTERMEDIATE MUNICIPAL
Operating Expenses Examples
Account Account
open closed
Management fee .55% After 1 $ 6 $11
year
12b-1 fee None After 3 $18 $23
years
Other expenses .00 After 5 $31 $36
% years
Total fund operating .55% After 10 $ 69 $74
expenses years
