SUPPLEMENT TO THE 
SPARTAN 
SHORT-TERM 
INCOME FUND 
AND 
SPARTAN INVESTMENT 
GRADE BOND FUND
PROSPECTUS
DATED NOVEMBER 28, 1994
As of January 23, 1995, the 
following information replaces 
the similar information found 
in the Expenses section 
beginning on page 5.
SHAREHOLDER TRANSACTION 
EXPENSES are charges you 
pay when you buy,    sell, or     
   hold shares of a fund. See     
   page 27 for more information     
   about these fees.    
Maximum sales charge on 
purchases and  reinvested 
distributions None
Deferred sales charge on 
redemptions None
Exchange and wire transaction 
fees $5.00
Checkwriting fee, per check 
written $2.00
Account closeout fee $5.00
A   nnual account maintenance fee      
   (for accounts under $2,500)     $12.
00       
As of January 23, 1995, the 
following paragraph 
supplements the information 
found in the section entitled 
Transaction Details beginning 
on page 23.
       FIDELITY RESERVES THE RIGHT 
TO DEDUCT AN ANNUAL 
MAINTENANCE FEE    of $12.00     
   from accounts with a value of     
   less than $2,500, subject to     
   an annual maximum charge     
   of $60.00 per shareholder. It     
   is expected that accounts will     
   be valued on the second     
   Friday in November of each     
   year. Accounts opened after     
   September 30 will not be     
   subject to the fee for that     
   year. The fee, which is     
   payable to the transfer agent,     
   is designed to offset in part     
   the relatively higher costs of     
   servicing smaller accounts.     
   The fee will not be deducted     
   from retirement accounts,     
   accounts using regular     
   investment plans, or if total     
   assets in Fidelity funds     
   exceed $50,000. Eligibility for     
   the $50,000 waiver is     
   determined by aggregating     
   Fidelity mutual fund accounts     
   maintained by FSC or FBSI     
   which are registered under     
   the same social security     
   number or which list the     
   same social security number     
   for the custodian of a     
   Uniform Gifts/Transfers to     
   Minors Act account.    
   
SUPPLEMENT TO THE 
SPARTAN 
SHORT-TERM 
INCOME FUND 
AND 
SPARTAN INVESTMENT 
GRADE BOND FUND
PROSPECTUS
DATED NOVEMBER 28, 1994
As of January 23, 1995, the 
following information replaces 
the similar information found 
in the Expenses section 
beginning on page 5.
SHAREHOLDER TRANSACTION 
EXPENSES are charges you 
pay when you buy,    sell, or     
   hold shares of a fund. See     
   page 27 for more information     
   about these fees.    
Maximum sales charge on 
purchases and  reinvested 
distributions None
Deferred sales charge on 
redemptions None
Exchange and wire transaction 
fees $5.00
Checkwriting fee, per check 
written $2.00
Account closeout fee $5.00
A   nnual account maintenance fee      
   (for accounts under $2,500)     $12.
00       
As of January 23, 1995, the 
following paragraph 
supplements the information 
found in the section entitled 
Transaction Details beginning 
on page 23.
       FIDELITY RESERVES THE RIGHT 
TO DEDUCT AN ANNUAL 
MAINTENANCE FEE    of $12.00     
   from accounts with a value of     
   less than $2,500, subject to     
   an annual maximum charge     
   of $60.00 per shareholder. It     
   is expected that accounts will     
   be valued on the second     
   Friday in November of each     
   year. Accounts opened after     
   September 30 will not be     
   subject to the fee for that     
   year. The fee, which is     
   payable to the transfer agent,     
   is designed to offset in part     
   the relatively higher costs of     
   servicing smaller accounts.     
   The fee will not be deducted     
   from retirement accounts,     
   accounts using regular     
   investment plans, or if total     
   assets in Fidelity funds     
   exceed $50,000. Eligibility for     
   the $50,000 waiver is     
   determined by aggregating     
   Fidelity mutual fund accounts     
   maintained by FSC or FBSI     
   which are registered under     
   the same social security     
   number or which list the     
   same social security number     
   for the custodian of a     
   Uniform Gifts/Transfers to     
   Minors Act account.    
   
SST/SIG-95-1 (PAGE 1 OF 2) February 13, 1995
SST/SIG-95-1 (PAGE 1 OF 2) February 13, 1995
 
As of February 13, 1995, the 
following information 
replaces the second 
paragraph under the 
subheading "FMR and Its 
Affiliates" on page 10.
   Charles Morrison is manager     
   of Spartan Short-Term     
   Income, which he has     
   managed since February     
   1995. He also manages     
   Short-Term Bond and     
   Advisor Short Fixed-Income.     
   Mr. Morrison is vice president     
   of Fidelity Management Trust     
   Company. He joined Fidelity     
   in 1987.    
   
As of February 13, 1995, the 
following information replaces 
the second paragraph under 
the subheading "FMR and Its 
Affiliates" on page 10.
   Charles Morrison is manager     
   of Spartan Short-Term     
   Income, which he has     
   managed since February     
   1995. He also manages     
   Short-Term Bond and Advisor     
   Short Fixed-Income. Mr.     
   Morrison is vice president of     
   Fidelity Management Trust     
   Company. He joined Fidelity     
   in 1987.    
   
 (PAGE 2 OF _) 
 (PAGE 2 OF _)