-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TJPX6OA/6ekRzkGNQ1GpdyP3aqDgJiL0224IfoIl96UUq+QMHCpsDP0ertN1OqaZ RAMSx8kveQgOGSD/wXMAjQ== 0000278001-01-500019.txt : 20010604 0000278001-01-500019.hdr.sgml : 20010604 ACCESSION NUMBER: 0000278001-01-500019 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010601 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY PHILLIPS STREET TRUST CENTRAL INDEX KEY: 0000278001 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 042667982 STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: SEC FILE NUMBER: 811-02890 FILM NUMBER: 1652505 BUSINESS ADDRESS: STREET 1: 82 DEVONSHIRE ST CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 2142816360 MAIL ADDRESS: STREET 1: FIDLEITY INVESTMENTS MAILZONE DW4B STREET 2: P.O. BOX 650471 CITY: DALLAS STATE: TX ZIP: 75265-0471 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY CASH RESERVES DATE OF NAME CHANGE: 19930122 DEFA14A 1 defa.htm

SCHEDULE 14A INFORMATION

PROXY STATEMENT PURSUANT TO SECTION 14(a)

OF THE SECURITIES EXCHANGE ACT OF 1934

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May 29, 2001

IMPORTANT INFORMATION REGARDING FIDELITY DAILY INCOME TRUST

We are writing to inform you of a possible change to one of the investments in your retirement plan. As you may know, there is a proposal to merge Fidelity Daily Income Trust (FDIT) into another money market fund, Fidelity Cash Reserves (Cash Reserves). Your Plan Sponsor has directed that if the merger is approved, balances now in FDIT will be moved into Cash Reserves. In addition, future contributions and loan repayments will be redirected to Cash Reserves. This requires no action on your part.

The proposed merger would provide shareholders with an opportunity to invest in a fund with broader investment policies and a lower management fee. A proxy statement providing details of the proposed merger was mailed on May 7, 2001. The merger, if approved at the Special Shareholder Meeting scheduled for June 13, 2001, should be completed on or about June 21, 2001.

The Board of Trustees of the Fidelity Funds involved believes the merger is in the best interest of investors. The investment objective of both FDIT and Cash Reserves is to provide a high level of current income consistent with preserving capital and providing liquidity.

You may wish to use this opportunity to review your investments. To do this, you can visit the Fidelity NetBenefits(SM) website or contact Fidelity to evaluate your investment options.

An investment in a money market fund is not insured or guaranteed by the FDIC or any other government agency. Although money market funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in these funds.

For more complete information about any of the mutual funds available through the plan, including fees and expenses, call or write Fidelity for free prospectuses. Read them carefully before you make your investment choices.

Fidelity Investments Institutional Services Company, Inc. 82 Devonshire St., Boston, MA 02109

136375

May 29, 2001

IMPORTANT INFORMATION REGARDING FIDELITY DAILY INCOME TRUST

We are writing to inform you of a possible change to one of the investments in your retirement plan. As you may know, there is a proposal to merge Fidelity Daily Income Trust (FDIT) into another money market fund, Fidelity Cash Reserves (Cash Reserves). A proxy statement providing details of the proposed merger was mailed on May 7, 2001.

However, your Plan Sponsor has directed that if the merger is approved, balances now in FDIT will be moved into the Fidelity Retirement Money Market Portfolio (Retirement MM). In addition, future contributions and loan repayments will be redirected to Retirement MM. This requires no action on your part.

The proposed move into Retirement MM would provide shareholders with an opportunity to invest in a fund with broader investment policies and a lower management fee. The investment objective of both FDIT and Retirement MM is high current income consistent with preserving capital and providing liquidity. The merger, if approved at the Special Shareholder Meeting scheduled for June 13, 2001, should be completed on or about June 21, 2001.

You may wish to use this opportunity to review your investments. To do this, you can visit the

Fidelity NetBenefits(SM) website or contact Fidelity to evaluate your investment options.

An investment in a money market fund is not insured or guaranteed by the FDIC or any other government agency. Although money market funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in these funds.

For more complete information about any of the mutual funds available through the plan, including fees and expenses, call or write Fidelity for free prospectuses. Read them carefully before you make your investment choices.

Fidelity Investments Institutional Services Company, Inc. 82 Devonshire St., Boston, MA 02109

136376

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