FIDELITY MUNICIPAL TRUST II
497, 1996-01-05
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FIDELITY MICHIGAN MUNICIPAL MONEY MARKET PORTFOLIO
FIDELITY OHIO MUNICIPAL MONEY MARKET PORTFOLIO
FUNDS OF FIDELITY MUNICIPAL TRUST II
FIDELITY MICHIGAN TAX-FREE HIGH YIELD PORTFOLIO
FIDELITY MINNESOTA TAX-FREE PORTFOLIO
FIDELITY OHIO TAX-FREE HIGH YIELD PORTFOLIO
FUNDS OF FIDELITY MUNICIPAL TRUST 
SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION
DATED FEBRUARY 19, 1995
 
   MANAGEMENT CONTRACT.  Effective January 1, 1996, FMR agreed to
voluntarily adopt the revised group fee rate schedule shown below for
purposes of calculating the group fee component of the management fee.  The
revised schedule provides for lower management fees as total assets under
management increase, and it will be presented to shareholders for approval
at the next shareholder meeting.
The following information replaces the "Group Fee Rate" and "Effective
Annual Fee Rate" schedules found on page 36.    
          GROUP FEE RATE SCHEDULE                                    
EFFECTIVE ANNUAL FEE RATES
     Average Group   Annualized   Group Net    Effective Annual Fee   
 Assets               Rate         Assets      Rate                   
 
0 - $  3 billion          .3700%    $ 0.5 billion   .5200%   
 
3 -    6                  .3400      25             .4238    
 
6 -    9                  .3100      50             .3823    
 
9 -    12                 .2800      75             .3626    
 
12 -   15                 .2500     100             .3512    
 
15 -   18                 .2200     125             .3430    
 
18 -   21                 .2000     150             .3371    
 
21 -   24                 .1900     175             .3325    
 
24 -   30                 .1800     200             .3284    
 
30 -   36                 .1750     225             .3249    
 
36 -   42                 .1700     250             .3219    
 
42 -   48                 .1650     275             .3190    
 
48 -   66                 .1600     300             .3163    
 
66 -   84                 .1550     325             .3137    
 
84 -   120                .1500     350             .3113    
 
120 -   156               .1450     375             .3090    
 
156 -   192               .1400     400             .3067    
 
192 -   228               .1350        425          .1443    
 
228 -   264               .1300        45    0      .1427    
 
264 -   300               .1275     4   75          .1413    
 
300 -   336               .1250     5   00          .1399    
 
336 -   372               .1225     5   25          .1385    
 
   372     -   408        .1200     5   50          .1372    
 
4   0    8 -   444        .1175                              
 
44   4     -   480        .1150                              
 
4   80     -   516        .1125                              
 
        Ov   er 5    16   .1100                              
 
 
 
 
   OMMB-96-1                                                               
         January 1, 1996



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