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Fund Objective

Normally investing in municipal money market securities, including at least 80% of assets in municipal securities whose interest is exempt from federal and New York State and City personal income taxes. Potentially investing up to 20% of assets in municipal securities subject to New York State and City personal income taxes. Normally not investing in municipal securities whose interest is subject to the federal alternative minimum tax.

Fund Manager

Mike Marchese

Mike Marchese joined Fidelity in 2003. He currently manages a number of Fidelity money market funds, including Fidelity Massachusetts AMT Tax-Free Money Market Fund, and was appointed manager of Fidelity New York AMT Tax-Free Money Market Fund in September 2003.

For more complete information, including charges and expenses, call or write for a free prospectus. Read it carefully before you invest or send money.

Past performance is no guarantee of future results. Yield will vary and an investor's shares, when redeemed, may be worth more or less than their original cost.

S&P® is a registered service mark of The McGraw-Hill Companies, Inc., and has been licensed for use by Fidelity Distributors Corporation and its affiliates.

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Money Market Funds Program
Fidelity Prime Fund
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Fidelity New York AMT Tax Free
Goldman Sachs Tax-Exempt New York Portfolio

No information on this web site should be considered a recommendation or solicitation to invest in a particular security or type of security.

Signature Securities Group Corporation ("SSG") is a registered broker dealer, registered investment adviser, and licensed insurance agency. SSG, Member FINRA/SIPC, is a wholly owned non-bank subsidiary of Signature Bank.

Securities, Insurance and Monogram Money Market Funds Program products are:

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Signature Bank, Member FDIC, is an Equal Housing Lender 

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Copyright 2007
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