Supplement to the
Fidelity^® Retirement Government Money Market Portfolio
October 29, 2005
Prospectus

The following information replaces the similar information found in the "Valuing Shares" section on page 7.

The fund is open for business each day the New York Stock Exchange (NYSE) is open. The fund is open for business on Good Friday, and may be open in the event of an unexpected close of the NYSE if the Federal Reserve Bank of New York (New York Fed) and/or the principal bond markets (as recommended by the Bond Market Association) are open.

The following information replaces the similar information found under "Earning Dividends" in the "Dividends and Capital Gains Distributions" section on page 14.

Neither Good Friday nor any day a fund is open despite an unexpected close of the NYSE will be considered a business day for purposes of exchanges into or out of any fund that is not open for business that day.

RGM-06-01 October 13, 2006
1.478079.109

Supplement to the
Fidelity^® Retirement Money Market Portfolio
October 29, 2005
Prospectus

The following information replaces the similar information found in the "Valuing Shares" section on page 7.

The fund is open for business each day the New York Stock Exchange (NYSE) is open. The fund is open for business on Good Friday, and may be open in the event of an unexpected close of the NYSE if the Federal Reserve Bank of New York (New York Fed) and/or the principal bond markets (as recommended by the Bond Market Association) are open.

The following information replaces the similar information found under "Earning Dividends" in the "Dividends and Capital Gains Distributions" section on page 14.

Neither Good Friday nor any day a fund is open despite an unexpected close of the NYSE will be considered a business day for purposes of exchanges into or out of any fund that is not open for business that day.

RMM-06-01 October 13, 2006
1.478064.109