0000225323 fcst4:S000006038Member 2012-01-30 2013-01-29 0000225323 2012-01-30 2013-01-29 0000225323 fcst4:S000006038Member fcst4:C000016602Member 2012-01-30 2013-01-29 0000225323 fcst4:S000006040Member 2012-01-30 2013-01-29 0000225323 fcst4:S000006040Member fcst4:C000016604Member 2012-01-30 2013-01-29 0000225323 fcst4:S000006040Member fcst4:ReturnBeforeTaxesMember fcst4:C000016604Member 2012-01-30 2013-01-29 0000225323 fcst4:S000006040Member rr:AfterTaxesOnDistributionsMember fcst4:C000016604Member 2012-01-30 2013-01-29 0000225323 fcst4:S000006040Member rr:AfterTaxesOnDistributionsAndSalesMember fcst4:C000016604Member 2012-01-30 2013-01-29 0000225323 fcst4:S000006040Member fcst4:BarclaysMunicipalBondIndexMember 2012-01-30 2013-01-29 0000225323 fcst4:S000006040Member fcst4:BarclaysNewJerseyEnhancedModifiedMunicipalBondIndexMember 2012-01-30 2013-01-29 0000225323 fcst4:S000006038Member fcst4:ReturnBeforeTaxesMember fcst4:C000016602Member 2012-01-30 2013-01-29 0000225323 fcst4:S000006038Member rr:AfterTaxesOnDistributionsMember fcst4:C000016602Member 2012-01-30 2013-01-29 0000225323 fcst4:S000006038Member rr:AfterTaxesOnDistributionsAndSalesMember fcst4:C000016602Member 2012-01-30 2013-01-29 0000225323 fcst4:S000006038Member fcst4:BarclaysMunicipalBondIndexMember 2012-01-30 2013-01-29 0000225323 fcst4:S000006038Member fcst4:BarclaysConnecticutFourYearEnhancedMunicipalBondIndexMember 2012-01-30 2013-01-29 pure iso4217:USD <div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelityConnecticutMunicipalIncomeFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualFundOperatingExpensesFidelityConnecticutMunicipalIncomeFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityConnecticutMunicipalIncomeFund column period compact * ~</div> FIDELITY COURT STREET TRUST 485BPOS 0000225323 2013-01-29 2013-01-28 false 2012-11-30 Fund Summary Fund: Fidelity® Connecticut Municipal Income Fund Investment Objective Fee Table Shareholder fees (fees paid directly from your investment) Annual fund operating expenses (expenses that you pay each year as a % of the value of your investment) -0.005 0.0037 0 0.0011 0.0048 49 154 269 604 0.05 0.0347 0.0221 0.0398 0.0378 -0.011 0.1097 0.0218 0.1002 0.0462 Fund Summary Fund: Fidelity® New Jersey Municipal Income Fund Investment Objective The fund seeks a high level of current income exempt from federal and New Jersey personal income taxes. Fee Table The following table describes the fees and expenses that may be incurred when you buy, hold, or sell shares of the fund. Shareholder fees (fees paid directly from your investment) Annual fund operating expenses (expenses that you pay each year as a % of the value of your investment) This example helps compare the cost of investing in the fund with the cost of investing in other mutual funds. Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: Portfolio Turnover The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 11% of the average value of its portfolio. Principal Investment Strategies <ul><li>Normally investing at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and New Jersey personal income taxes.</li><li>Managing the fund to have similar overall interest rate risk to an index designed to represent Fidelity Management & Research Company (FMR)'s view of how the fund's competitive universe will perform over time.</li><li>Allocating assets across different market sectors and maturities.</li><li>Potentially investing more than 25% of total assets in municipal securities that finance similar types of projects.</li><li>Analyzing the credit quality of the issuer, security-specific features, current and potential future valuation, and trading opportunities to select investments.</li></ul> Principal Investment Risks <ul><li>Municipal Market Volatility. The municipal market is volatile and can be significantly affected by adverse tax, legislative, or political changes and the financial condition of the issuers of municipal securities.</li><li>Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.</li><li>Geographic Concentration. Unfavorable political or economic conditions within New Jersey can affect the credit quality of issuers located in that state.</li><li>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease.</li></ul>In addition, the fund is considered non-diversified and can invest a greater portion of assets in securities of a smaller number of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a more diversified fund. An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Unlike individual debt securities, which typically pay principal at maturity, the value of an investment in the fund will fluctuate. You could lose money by investing in the fund. Performance The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and an additional index over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the Additional Information about the Indexes section of the prospectus. Past performance (before and after taxes) is not an indication of future performance. Visit www.fidelity.com for updated return information. Year-by-Year Returns Calendar Years <table border="1" width="95%"><tr><td><div align="left">During the periods shown in the chart: </div></td><td valign="bottom" align="center"><div align="center">Returns </div></td><td valign="bottom" align="center"><div align="center">Quarter ended</div></td></tr><tr><td><div align="left">Highest Quarter Return </div></td><td><div align="right">6.67% </div></td><td><div align="left">September 30, 2009</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">-3.89% </div></td><td><div align="left">December 31, 2010</div></td></tr></table> Average Annual Returns After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. For the periods ended December 31, 2012 -0.005 0.0037 0 0.001 0.0047 48 151 263 591 0.0542 0.0391 0.0335 0.0462 0.0366 -0.03 0.1176 0.0209 0.0971 0.0638 0.0638 0.0634 0.054 0.0678 0.0742 0.0525 0.0524 0.0504 0.0591 0.0604 <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityConnecticutMunicipalIncomeFundBarChart column period compact * ~</div> 0.0472 0.0465 0.0458 0.051 0.0517 <table border="1" width="95%"><tr><td><div align="left">During the periods shown in the chart: </div></td><td valign="bottom" align="center"><div align="center">Returns </div></td><td valign="bottom" align="center"><div align="center">Quarter ended</div></td></tr><tr><td><div align="left">Highest Quarter Return </div></td><td><div align="right">5.61% </div></td><td><div align="left">September 30, 2009</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">-3.66% </div></td><td><div align="left">December 31, 2010</div></td></tr></table> <ul><li>Normally investing at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and Connecticut personal income taxes.</li><li>Managing the fund to have similar overall interest rate risk to an index designed to represent Fidelity Management & Research Company (FMR)'s view of how the fund's competitive universe will perform over time.</li><li>Allocating assets across different market sectors and maturities.</li><li>Potentially investing more than 25% of total assets in municipal securities that finance similar types of projects.</li><li>Analyzing the credit quality of the issuer, security-specific features, current and potential future valuation, and trading opportunities to select investments.</li></ul> Portfolio Turnover Principal Investment Strategies Principal Investment Risks Performance Year-by-Year Returns Calendar Years Average Annual Returns 0.0462 0.0454 0.0416 0.0678 0.0526 0.0524 0.0516 0.0498 0.0591 0.0605 0.0446 0.0436 0.0433 0.051 0.0513 Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund Shares Barclays® Municipal Bond Index Barclays® Connecticut 4+ Year Enhanced Municipal Bond Index Fidelity Connecticut Municipal Income Fund Fidelity Connecticut Municipal Income Fund Fidelity Connecticut Municipal Income Fund Fidelity New Jersey Municipal Income Fund Fidelity New Jersey Municipal Income Fund Fidelity New Jersey Municipal Income Fund Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund Shares Barclays® Municipal Bond Index Barclays New Jersey Enhanced Modified Municipal Bond Index 0.11 In addition, the fund is considered non-diversified and can invest a greater portion of assets in securities of a smaller number of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a more diversified fund. An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and an additional index over various periods of time. Past performance (before and after taxes) is not an indication of future performance. www.fidelity.com After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Highest Quarter Return 2009-09-30 0.0667 Lowest Quarter Return 2010-12-31 -0.0389 The fund seeks a high level of current income, exempt from federal income tax and Connecticut personal income tax. The following table describes the fees and expenses that may be incurred when you buy, hold, or sell shares of the fund. This example helps compare the cost of investing in the fund with the cost of investing in other mutual funds. Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 14% of the average value of its portfolio. The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and an additional index over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the Additional Information about the Indexes section of the prospectus. Past performance (before and after taxes) is not an indication of future performance. Visit www.fidelity.com for updated return information. In addition, the fund is considered non-diversified and can invest a greater portion of assets in securities of a smaller number of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a more diversified fund. An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund. Past performance (before and after taxes) is not an indication of future performance. www.fidelity.com <ul><li>Municipal Market Volatility. The municipal market is volatile and can be significantly affected by adverse tax, legislative, or political changes and the financial condition of the issuers of municipal securities.</li><li>Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.</li><li>Geographic Concentration. Unfavorable political or economic conditions within Connecticut can affect the credit quality of issuers located in that state.</li><li>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease.</li></ul>In addition, the fund is considered non-diversified and can invest a greater portion of assets in securities of a smaller number of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a more diversified fund. An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Unlike individual debt securities, which typically pay principal at maturity, the value of an investment in the fund will fluctuate. You could lose money by investing in the fund. <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualFundOperatingExpensesFidelityNewJerseyMunicipalIncomeFund column period compact * ~</div> After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. For the periods ended December 31, 2012 After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelityNewJerseyMunicipalIncomeFund column period compact * ~</div> Highest Quarter Return 2009-09-30 0.0561 -0.0366 2010-12-31 Lowest Quarter Return <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityNewJerseyMunicipalIncomeFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityNewJerseyMunicipalIncomeFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelityNewJerseyMunicipalIncomeFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelityConnecticutMunicipalIncomeFund column period compact * ~</div> 0.14 The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and an additional index over various periods of time. 2013-01-29