0000880709-13-000029.txt : 20130214 0000880709-13-000029.hdr.sgml : 20130214 20130214121843 ACCESSION NUMBER: 0000880709-13-000029 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130214 DATE AS OF CHANGE: 20130214 EFFECTIVENESS DATE: 20130214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY COURT STREET TRUST II CENTRAL INDEX KEY: 0000880709 IRS NUMBER: 000000000 FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 033-43758 FILM NUMBER: 13609015 BUSINESS ADDRESS: STREET 1: 82 DEVONSHIRE STREET CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 82 DEVONSHIRE STREET CITY: BOSTON STATE: MA ZIP: 02109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY COURT STREET TRUST II CENTRAL INDEX KEY: 0000880709 IRS NUMBER: 000000000 FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-06453 FILM NUMBER: 13609016 BUSINESS ADDRESS: STREET 1: 82 DEVONSHIRE STREET CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 82 DEVONSHIRE STREET CITY: BOSTON STATE: MA ZIP: 02109

0000880709 S000006050 Fidelity Connecticut Municipal Money Market Fund

C000016619 Fidelity Connecticut Municipal Money Market Fund FCMXX

0000880709 S000006052 Fidelity New Jersey AMT Tax-Free Money Market Fund

C000016621 Fidelity New Jersey AMT Tax-Free Money Market Fund FSJXX

C000047920 Fidelity New Jersey AMT Tax-Free Money Market Fund: Institutional Class FSKXX

C000047921 Fidelity New Jersey AMT Tax-Free Money Market Fund: Service Class FNNXX

0000880709 S000006053 Fidelity New Jersey Municipal Money Market Fund

C000016622 Fidelity New Jersey Municipal Money Market Fund FNJXX

485BPOS 1 main.htm

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A

REGISTRATION STATEMENT (No. 033-43758)
		UNDER THE SECURITIES ACT OF 1933	[X]
		Pre-Effective Amendment No. ____	[ ]
		Post-Effective Amendment No. 45	[X]
and
REGISTRATION STATEMENT (No. 811-06453)
		UNDER THE INVESTMENT COMPANY ACT OF 1940	[X]
		Amendment No. 45	[X]

Fidelity Court Street Trust II
(Exact Name of Registrant as Specified in Charter)

82 Devonshire St., Boston, Massachusetts 02109
(Address Of Principal Executive Offices) (Zip Code)

Registrant's Telephone Number: 617-563-7000

Scott C. Goebel, Secretary
82 Devonshire Street
Boston, Massachusetts 02109
(Name and Address of Agent for Service)

It is proposed that this filing will become effective
	(X)	immediately upon filing pursuant to paragraph (b).
	( )	on ( ) pursuant to paragraph (b) at 5:30 p.m. Eastern Time.
	( )	60 days after filing pursuant to paragraph (a)(1) at 5:30 p.m. Eastern Time.
	( )	on ( ) pursuant to paragraph (a)(1) of Rule 485 at 5:30 p.m. Eastern Time.
	( )	75 days after filing pursuant to paragraph (a)(2) at 5:30 p.m. Eastern Time.
	( )	on ( ) pursuant to paragraph (a)(2) of Rule 485 at 5:30 p.m. Eastern Time.

If appropriate, check the following box:
	( )	this post-effective amendment designates a new effective date for a previously filed post-effective amendment.

EXHIBIT INDEX

Exhibit	Exhibit No.
XBRL Instance Document	EX-101.INS
XBRL Taxonomy Extension Schema Document	EX-101.SCH
XBRL Taxonomy Extension Calculation Linkbase Document	EX-101.CAL
XBRL Taxonomy Extension Definition Linkbase Document	EX-101.DEF
XBRL Taxonomy Extension Labels Linkbase Document	EX-101.LAB
XBRL Taxonomy Extension Presentation Linkbase Document	EX-101.PRE

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for the effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Post-Effective Amendment No. 45 to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Boston, and Commonwealth of Massachusetts, on the 14th day of February 2013.

	Fidelity Court Street Trust II
	By	/s/Stephanie J. Dorsey
\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|		Stephanie J. Dorsey, President

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.

(Signature)		(Title)	(Date)

/s/Stephanie J. Dorsey		President and Treasurer	February 14, 2013
Stephanie J. Dorsey		(Principal Executive Officer)

/s/Christine Reynolds		Chief Financial Officer	February 14, 2013
Christine Reynolds		(Principal Financial Officer)

/s/Abigail P. Johnson		Trustee	February 14, 2013
Abigail P. Johnson

/s/James C. Curvey	*	Trustee	February 14, 2013
James C. Curvey

/s/Albert R. Gamper, Jr.	*	Trustee	February 14, 2013
Albert R. Gamper, Jr.

/s/Robert F. Gartland	*	Trustee	February 14, 2013
Robert F. Gartland

/s/Arthur E. Johnson	*	Trustee	February 14, 2013
Arthur E. Johnson

/s/Michael E. Kenneally	*	Trustee	February 14, 2013
Michael E. Kenneally

/s/James H. Keyes	*	Trustee	February 14, 2013
James H. Keyes

/s/Marie L. Knowles	*	Trustee	February 14, 2013
Marie L. Knowles

/s/Kenneth L. Wolfe	*	Trustee	February 14, 2013
Kenneth L. Wolfe

*	By:	/s/Joseph R. Fleming
		Joseph R. Fleming, pursuant to a power of attorney dated February 1, 2013 and filed herewith.

POWER OF ATTORNEY

We, the undersigned Directors or Trustees, as the case may be, of the following investment companies:

Fidelity Aberdeen Street Trust

Fidelity Advisor Series II

Fidelity Advisor Series IV

Fidelity Boylston Street Trust

Fidelity California Municipal Trust

Fidelity California Municipal Trust II

Fidelity Central Investment Portfolios II LLC

Fidelity Charles Street Trust

Fidelity Colchester Street Trust

Fidelity Court Street Trust

Fidelity Court Street Trust II

Fidelity Garrison Street Trust

Fidelity Hereford Street Trust

Fidelity Income Fund

Fidelity Massachusetts Municipal Trust

Fidelity Merrimack Street Trust

Fidelity Money Market Trust

Fidelity Municipal Trust

Fidelity Municipal Trust II

Fidelity Newbury Street Trust

Fidelity New York Municipal Trust

Fidelity New York Municipal Trust II

Fidelity Oxford Street Trust

Fidelity Phillips Street Trust

Fidelity Revere Street Trust

Fidelity Salem Street Trust

Fidelity School Street Trust

Fidelity Union Street Trust

Fidelity Union Street Trust II

Variable Insurance Products Fund V

in addition to any other investment company for which Fidelity Management & Research Company ("FMR") or an affiliate acts as investment adviser and for which the undersigned individuals serve as Directors or Trustees (collectively, the "Funds"), hereby revoke all previous powers of attorney we have given to sign and otherwise act in our names and behalf in matters involving any investment company for which FMR or an affiliate acts as investment adviser and hereby constitute and appoint Thomas C. Bogle, Joseph R. Fleming, John V. O'Hanlon, Robert W. Helm and Anthony H. Zacharski, each of them singly, our true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for us and in our names in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, or any successors thereto, any and all subsequent Amendments, Pre-Effective Amendments, or Post-Effective Amendments to said Registration Statements or any successors thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in our names and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940, and all related requirements of the Securities and Exchange Commission. We hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof. This power of attorney is effective for all documents filed on or after February 1, 2013.

WITNESS our hands on this first day of February 1, 2013.

/s/James C. Curvey	/s/Michael E. Kenneally
James C. Curvey	Michael E. Kenneally
/s/Albert R. Gamper, Jr.	/s/James H. Keyes
Albert R. Gamper, Jr.	James H. Keyes
/s/Robert F. Gartland	/s/Marie L. Knowles
Robert F. Gartland	Marie L. Knowles
/s/Arthur E. Johnson	/s/Kenneth L. Wolfe
Arthur E. Johnson	Kenneth L. Wolfe

EX-101.PRE 3 fcst5-20130128_pre.xml EX-101.INS 4 fcst5-20130128.xml 0000880709 2012-01-30 2013-01-29 0000880709 fcst5:S000006050Member 2012-01-30 2013-01-29 0000880709 fcst5:S000006050Member fcst5:C000016619Member 2012-01-30 2013-01-29 0000880709 fcst5:S000006052Member fcst5:InstMember 2012-01-30 2013-01-29 0000880709 fcst5:S000006052Member fcst5:InstMember fcst5:C000047920Member 2012-01-30 2013-01-29 0000880709 fcst5:S000006052Member fcst5:RetailMember 2012-01-30 2013-01-29 0000880709 fcst5:S000006052Member fcst5:RetailMember fcst5:C000016621Member 2012-01-30 2013-01-29 0000880709 fcst5:S000006053Member fcst5:C000016622Member 2012-01-30 2013-01-29 0000880709 fcst5:S000006053Member 2012-01-30 2013-01-29 0000880709 fcst5:S000006052Member fcst5:ServiceMember 2012-01-30 2013-01-29 0000880709 fcst5:S000006052Member fcst5:ServiceMember fcst5:C000047921Member 2012-01-30 2013-01-29 pure iso4217:USD 485BPOS 2012-11-30 FIDELITY COURT STREET TRUST II 0000880709 false 2013-01-28 2013-01-29 2013-01-29 Fund Summary Fund: Fidelity® Connecticut Municipal Money Market Fund Investment Objective The fund seeks as high a level of current income exempt from federal income tax and, to the extent possible, from Connecticut personal income tax, as is consistent with preservation of capital. Fee Table The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. Shareholder fees (fees paid directly from your investment) 0 Annual fund operating expenses (expenses that you pay each year as a % of the value of your investment) 0.0037 0 0.0012 0.0049 Fund Summary Fund/Class: Fidelity® New Jersey AMT Tax-Free Money Market Fund/Institutional 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: 50 157 274 616 Investment Objective The fund seeks as high a level of current income, exempt from federal and New Jersey personal income taxes, as is consistent with preservation of capital. Fee Table The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. 0 Shareholder fees (fees paid directly from your investment) Principal Investment Strategies Annual class operating expenses (expenses that you pay each year as a % of the value of your investment) 0.002 0 0.0005 0.0025 -0.0005 <ul><li>Normally investing in municipal money market securities.</li><li>Normally investing at least 80% of assets in municipal securities whose interest is exempt from federal and Connecticut personal income taxes.</li><li>Potentially investing up to 20% of assets in municipal securities whose interest is subject to Connecticut personal income tax.</li><li>Potentially investing more than 25% of total assets in municipal securities that finance similar types of projects. </li><li>Investing in compliance with industry-standard regulatory requirements for money market funds for the quality, maturity, and diversification of investments. </li></ul> 0.002 Principal Investment Risks 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: <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 money market security to decrease.</li><li>Foreign Exposure. Entities providing credit support or a maturity-shortening structure that are located in foreign countries can be affected by adverse political, regulatory, market, or economic developments in those countries.</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. 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 money market security to decrease.</li></ul>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. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the 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. 20 64 113 Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to 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. Past performance is not an indication of future performance. Visit www.fidelity.com for updated return information. 255 The information illustrates the changes in the performance of the fund's shares from year to year. Past performance is not an indication of future performance. Principal Investment Strategies www.fidelity.com Year-by-Year Returns Calendar Years 0.006 0.0077 0.02 0.0302 0.0325 0.0172 0.0009 0.0001 0.0001 0.0001 <ul><li> Normally investing in municipal money market securities.</li><li> Normally investing at least 80% of assets in municipal securities whose interest is exempt from federal and New Jersey personal income taxes. </li><li>Potentially investing up to 20% of assets in municipal securities whose interest is subject to New Jersey personal income tax. </li><li> Normally not investing in municipal securities whose interest is subject to the federal alternative minimum tax. </li><li> Potentially investing more than 25% of total assets in municipal securities that finance similar types of projects.</li><li> Investing in compliance with industry-standard regulatory requirements for money market funds for the quality, maturity, and diversification of investments.</li></ul> Principal Investment Risks <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">0.82% </div></td><td><div align="left">June 30, 2007</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">0.00% </div></td><td><div align="left">March 31, 2011</div></td></tr></table> Highest Quarter Return 2007-06-30 0.0082 Lowest Quarter Return 2011-03-31 0 Fund Summary Fund/Class: Fidelity® New Jersey AMT Tax-Free Money Market Fund/Fidelity New Jersey AMT Tax-Free Money Market Fund Investment Objective The fund seeks as high a level of current income, exempt from federal and New Jersey personal income taxes, as is consistent with preservation of capital. Fee Table The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. Shareholder fees (fees paid directly from your investment) Annual class operating expenses (expenses that you pay each year as a % of the value of your investment) Average Annual Returns For the periods ended December 31, 2012 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: Principal Investment Strategies <ul><li>Normally investing in municipal money market securities.</li><li>Normally investing at least 80% of assets in municipal securities whose interest is exempt from federal and New Jersey personal income taxes.</li><li>Potentially investing up to 20% of assets in municipal securities whose interest is subject to New Jersey personal income tax.</li><li>Normally not investing in municipal securities whose interest is subject to the federal alternative minimum tax.</li><li>Potentially investing more than 25% of total assets in municipal securities that finance similar types of projects.</li><li>Investing in compliance with industry-standard regulatory requirements for money market funds for the quality, maturity, and diversification of investments.</li></ul> <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 money market security to decrease. </li><li>Foreign Exposure. Entities providing credit support or a maturity-shortening structure that are located in foreign countries can be affected by adverse political, regulatory, market, or economic developments in those countries.</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. 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 money market security to decrease.</li></ul> 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. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund. 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 money market security to decrease.</li><li>Foreign Exposure. Entities providing credit support or a maturity-shortening structure that are located in foreign countries can be affected by adverse political, regulatory, market, or economic developments in those countries.</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. 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 money market security to decrease.</li></ul>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. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to 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. Past performance is not an indication of future performance. Visit www.fidelity.com for updated return information. 0.0001 0.0036 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. 0.0114 Past performance is not an indication of future performance. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the 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. 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. Past performance is not an indication of future performance. Visit www.fidelity.com or www.advisor.fidelity.com for updated return information. The information illustrates the changes in the performance of the fund's shares from year to year. Past performance is not an indication of future performance. www.fidelity.com or www.advisor.fidelity.com Year-by-Year Returns Calendar Years 0.0201 0.0029 0.0009 0.0004 0.0003 <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">0.64% </div></td><td><div align="left">March 31, 2008</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">0.00% </div></td><td><div align="left">December 31, 2011</div></td></tr></table> Highest Quarter Return 2008-03-31 0.0064 Lowest Quarter Return 2011-12-31 0 Average Annual Returns For the periods ended December 31, 2012 Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund. 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">0.87% </div></td><td><div align="left">June 30, 2007</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">0.00% </div></td><td><div align="left">March 31, 2012</div></td></tr></table> Average Annual Returns For the periods ended December 31, 2012 0.0003 Highest Quarter Return 2007-06-30 0.0049 0.0087 Lowest Quarter Return 2012-03-31 0 0.0086 Fidelity New Jersey AMT Tax-Free Money Market Fund Institutional Class Fidelity Connecticut Municipal Money Market Fund 0.0076 2007-04-18 0.0093 0.0211 0.0316 0.0341 0.0191 0.0019 0.0001 0 0.0001 0.0037 0 0 0.0014 0.0051 0.002 0 0.001 0.003 52 164 285 640 31 97 169 381 0.0003 0.0043 0.0124 0.0059 0.0073 0.0196 0.0299 0.0323 0.0167 0.0007 0.0001 0.0001 0.0001 0.0001 0.0035 0.0112 Fund Summary Fund: Fidelity® New Jersey Municipal Money Market Fund Investment Objective The fund seeks as high a level of current income, exempt from federal and New Jersey personal income taxes, as is consistent with preservation of capital. Fee Table The following table describes the fees and expenses that may be incurred when you buy and hold 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: Principal Investment Strategies <ul><li>Normally investing in municipal money market securities.</li><li>Normally investing at least 80% of assets in municipal securities whose interest is exempt from federal and New Jersey personal income taxes.</li><li>Potentially investing up to 20% of assets in municipal securities whose interest is subject to New Jersey personal income tax.</li><li>Potentially investing more than 25% of total assets in municipal securities that finance similar types of projects. </li><li>Investing in compliance with industry-standard regulatory requirements for money market funds for the quality, maturity, and diversification of investments. </li></ul> Fund Summary Fund/Class: Fidelity® New Jersey AMT Tax-Free Money Market Fund/Service The information illustrates the changes in the performance of the fund's shares from year to year. Investment Objective www.fidelity.com The fund seeks as high a level of current income, exempt from federal and New Jersey personal income taxes, as is consistent with preservation of capital. Fee Table The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. Shareholder fees (fees paid directly from your investment) 0 Annual class operating expenses (expenses that you pay each year as a % of the value of your investment) 0.002 0.0025 0.0005 0.005 -0.0005 0.0045 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 money market security to decrease.</li><li>Foreign Exposure. Entities providing credit support or a maturity-shortening structure that are located in foreign countries can be affected by adverse political, regulatory, market, or economic developments in those countries.</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. 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 money market security to decrease.</li></ul>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. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in 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: 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. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund. 46 144 252 567 The information illustrates the changes in the performance of the fund's shares from year to year. Past performance is not an indication of future performance. www.fidelity.com <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">0.82% </div></td><td><div align="left">September 30, 2007</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">0.00% </div></td><td><div align="left">March 31, 2010</div></td></tr></table> Principal Investment Strategies Highest Quarter Return 2007-09-30 0.0082 Lowest Quarter Return 2010-03-31 0 <ul><li> Normally investing in municipal money market securities.</li><li> Normally investing at least 80% of assets in municipal securities whose interest is exempt from federal and New Jersey personal income taxes.</li><li> Potentially investing up to 20% of assets in municipal securities whose interest is subject to New Jersey personal income tax.</li><li> Normally not investing in municipal securities whose interest is subject to the federal alternative minimum tax.</li><li> Potentially investing more than 25% of total assets in municipal securities that finance similar types of projects.</li><li> Investing in compliance with industry-standard regulatory requirements for money market funds for the quality, maturity, and diversification of 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 money market security to decrease.</li><li>Foreign Exposure. Entities providing credit support or a maturity-shortening structure that are located in foreign countries can be affected by adverse political, regulatory, market, or economic developments in those countries.</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. 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 money market security to decrease.</li></ul> 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. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the 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. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to 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. Past performance is not an indication of future performance. Visit www.advisor.fidelity.com for updated return information. The information illustrates the changes in the performance of the fund's shares from year to year. Past performance is not an indication of future performance. www.advisor.fidelity.com Average Annual Returns For the periods ended December 31, 2012 Year-by-Year Returns Calendar Years Fidelity New Jersey Municipal Money Market Fund 0.0175 0.0011 0.0001 0.0001 0.0003 Highest Quarter Return 2008-03-31 0.0057 Lowest Quarter Return 2010-03-31 0 <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">0.57% </div></td><td><div align="left">March 31, 2008</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">0.00% </div></td><td><div align="left">March 31, 2010</div></td></tr></table> Average Annual Returns For the periods ended December 31, 2012 0.0003 0.0038 0.0073 2007-04-18 Service Class 0.0003 <div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelityNewJerseyMunicipalMoneyMarketFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelityConnecticutMunicipalMoneyMarketFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelityNewJerseyAMTTax-FreeMoneyMarketFundServiceClass column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityNewJerseyAMTTax-FreeMoneyMarketFundServiceClass column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityNewJerseyAMTTax-FreeMoneyMarketFundServiceClassBarChart column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualClassOperatingExpensesFidelityNewJerseyAMTTaxFreeMoneyMarketFundServiceClass column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualFundOperatingExpensesFidelityNewJerseyMunicipalMoneyMarketFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualFundOperatingExpensesFidelityConnecticutMunicipalMoneyMarketFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelityNewJerseyMunicipalMoneyMarketFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelityConnecticutMunicipalMoneyMarketFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelityNewJerseyAMTTax-FreeMoneyMarketFundInstitutionalClass column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualClassOperatingExpensesFidelityNewJerseyAMTTaxFreeMoneyMarketFundInstitutionalClass column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityNewJerseyMunicipalMoneyMarketFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityConnecticutMunicipalMoneyMarketFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityNewJerseyAMTTax-FreeMoneyMarketFundInstitutionalClassBarChart column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityNewJerseyMunicipalMoneyMarketFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityConnecticutMunicipalMoneyMarketFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityNewJerseyAMTTax-FreeMoneyMarketFundInstitutionalClass column period compact * ~</div> 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. Past performance is not an indication of future performance. Visit www.fidelity.com for updated return information. Year-by-Year Returns Calendar Years Performance <div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelityNewJerseyAMTTax-FreeMoneyMarketFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualClassOperatingExpensesFidelityNewJerseyAMTTaxFreeMoneyMarketFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelityNewJerseyAMTTaxFreeMoneyMarketFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityNewJerseyAMTTax-FreeMoneyMarketFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityNewJerseyAMTTax-FreeMoneyMarketFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelityNewJerseyAMTTaxFreeMoneyMarketFundInstitutionalClass column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelityNewJerseyAMTTaxFreeMoneyMarketFundServiceClass column period compact * ~</div> at least one year from the effective date of the prospectus at least one year from the effective date of the prospectus Fidelity Management & Research Company (FMR) has contractually agreed to reimburse Institutional Class of the fund to the extent that total operating expenses (excluding interest, taxes, brokerage commissions, extraordinary expenses, and acquired fund fees and expenses, if any), as a percentage of its average net assets, exceed 0.20%. This arrangement will remain in effect for at least one year from the effective date of the prospectus. FMR may not terminate this arrangement without the approval of the Board of Trustees. From April 18, 2007. Fidelity Management & Research Company (FMR) has contractually agreed to reimburse Service Class of the fund to the extent that total operating expenses (excluding interest, taxes, brokerage commissions, extraordinary expenses, and acquired fund fees and expenses, if any), as a percentage of its average net assets, exceed 0.45%. This arrangement will remain in effect for at least one year from the effective date of the prospectus. FMR may not terminate this arrangement without the approval of the Board of Trustees. 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Exhibit

Exhibit No.