-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, autRfsoPd4vesFAMqTjWsrAj8EyNMngGEtjQtIvnlcJns1fwUYuRqImJgb/cGIXB FD8Od5+34jeiN0i99fH1Mg== 0000354046-94-000018.txt : 19940118 0000354046-94-000018.hdr.sgml : 19940118 ACCESSION NUMBER: 0000354046-94-000018 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19940114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY PHILLIPS STREET TRUST CENTRAL INDEX KEY: 0000278001 STANDARD INDUSTRIAL CLASSIFICATION: 0000 IRS NUMBER: 042667982 STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 497 SEC ACT: 33 SEC FILE NUMBER: 002-63350 FILM NUMBER: 94501491 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 497 1 SUPPLEMENT TO THE FIDELITY CASH RESERVES AND FIDELITY U.S. GOVERNMENT RESERVES PROSPECTUS DATED JANUARY 24, 1993 On November 17, 1993, shareholders of Fidelity Cash Reserves voted to approve revisions to the fund's current management contract and other matters related to the fund's management. Effective December 1, 1993, Cash Reserves will adopt the revised management fee structure. The revised fee structure provides for the addition of a basic fee rate, which is the combination of a group fee rate and an individual fund fee rate, and revisions to the income-based component. These changes will result in an increase in the management fee when the fund's yield is below 5% or above approximately 9%, and a decrease in the management fee when the fund's yield is between 5% and approximately 9%. Effective September 1, 1993, Fidelity Management & Research Company has agreed to voluntarily adopt a revised management fee structure for U.S. Government Reserves. The revised structure provides for a lower individual fund fee rate (from .28% to .03%) and the addition of an income component. These changes will provide for lower management fees, and will be presented to shareholders for approval at the next shareholder meeting. The following information replaces similar information found in the "EXPENSES" section on page 4: CASH RESERVES Management fee .21% 12b-1 fee None Other expenses .31% Total fund operating expenses .52 % CASH RESERVES After 1 year $ 5 After 3 years $ 17 After 5 years $ 29 After 10 years $ 65 U.S. GOVERNMENT RESERVES Management fee .21% 12b-1 fee None Other expenses .28% Total fund operating expenses .49 % If this agreement were not in effect, the management fee, other expenses, and total operating expenses would be .45%, .28%, and .73%, respectively. U.S. GOVERNMENT RESERVES After 1 year $ 5 After 3 years $ 16 After 5 years $ 27 After 10 years $ 62 SUPPLEMENT TO THE FIDELITY CASH RESERVES AND FIDELITY U.S. GOVERNMENT RESERVES PROSPECTUS DATED JANUARY 24, 1993 On November 17, 1993, shareholders of Fidelity Cash Reserves voted to approve revisions to the fund's current management contract and other matters related to the fund's management. Effective December 1, 1993, Cash Reserves will adopt the revised management fee structure. The revised fee structure provides for the addition of a basic fee rate, which is the combination of a group fee rate and an individual fund fee rate, and revisions to the income-based component. These changes will result in an increase in the management fee when the fund's yield is below 5% or above approximately 9%, and a decrease in the management fee when the fund's yield is between 5% and approximately 9%. Effective September 1, 1993, Fidelity Management & Research Company has agreed to voluntarily adopt a revised management fee structure for U.S. Government Reserves. The revised structure provides for a lower individual fund fee rate (from .28% to .03%) and the addition of an income component. These changes will provide for lower management fees, and will be presented to shareholders for approval at the next shareholder meeting. The following information replaces similar information found in the "EXPENSES" section on page 4: CASH RESERVES Management fee .21% 12b-1 fee None Other expenses .31% Total fund operating expenses .52 % CASH RESERVES After 1 year $ 5 After 3 years $ 17 After 5 years $ 29 After 10 years $ 65 U.S. GOVERNMENT RESERVES Management fee .21% 12b-1 fee None Other expenses .28% Total fund operating expenses .49 % If this agreement were not in effect, the management fee, other expenses, and total operating expenses would be .45%, .28%, and .73%, respectively. U.S. GOVERNMENT RESERVES After 1 year $ 5 After 3 years $ 16 After 5 years $ 27 After 10 years $ 62 CAS-93-3 (Page 1 of 2) December 1, 1993 CAS-93-3 (Page 1 of 2) December 1, 1993 SUPPLEMENT TO THE FIDELITY CASH RESERVES AND FIDELITY U.S. GOVERNMENT RESERVES PROSPECTUS DATED JANUARY 24, 1993 On November 17, 1993, shareholders of Fidelity Cash Reserves voted to approve revisions to the fund's current management contract and other matters related to the fund's management. Effective December 1, 1993, Cash Reserves will adopt the revised management fee structure. The revised fee structure provides for the addition of a basic fee rate, which is the combination of a group fee rate and an individual fund fee rate, and revisions to the income-based component. These changes will result in an increase in the management fee when the fund's yield is below 5% or above approximately 9%, and a decrease in the management fee when the fund's yield is between 5% and approximately 9%. Effective September 1, 1993, Fidelity Management & Research Company has agreed to voluntarily adopt a revised management fee structure for U.S. Government Reserves. The revised structure provides for a lower individual fund fee rate (from .28% to .03%) and the addition of an income component. These changes will provide for lower management fees, and will be presented to shareholders for approval at the next shareholder meeting. The following information replaces similar information found in the "EXPENSES" section on page 4: CASH RESERVES Management fee .21% 12b-1 fee None Other expenses .31% Total fund operating expenses .52 % CASH RESERVES After 1 year $ 5 After 3 years $ 17 After 5 years $ 29 After 10 years $ 65 U.S. GOVERNMENT RESERVES Management fee .21% 12b-1 fee None Other expenses .28% Total fund operating expenses .49 % If this agreement were not in effect, the management fee, other expenses, and total operating expenses would be .45%, .28%, and .73%, respectively. U.S. GOVERNMENT RESERVES After 1 year $ 5 After 3 years $ 16 After 5 years $ 27 After 10 years $ 62 SUPPLEMENT TO THE FIDELITY CASH RESERVES AND FIDELITY U.S. GOVERNMENT RESERVES PROSPECTUS DATED JANUARY 24, 1993 On November 17, 1993, shareholders of Fidelity Cash Reserves voted to approve revisions to the fund's current management contract and other matters related to the fund's management. Effective December 1, 1993, Cash Reserves will adopt the revised management fee structure. The revised fee structure provides for the addition of a basic fee rate, which is the combination of a group fee rate and an individual fund fee rate, and revisions to the income-based component. These changes will result in an increase in the management fee when the fund's yield is below 5% or above approximately 9%, and a decrease in the management fee when the fund's yield is between 5% and approximately 9%. Effective September 1, 1993, Fidelity Management & Research Company has agreed to voluntarily adopt a revised management fee structure for U.S. Government Reserves. The revised structure provides for a lower individual fund fee rate (from .28% to .03%) and the addition of an income component. These changes will provide for lower management fees, and will be presented to shareholders for approval at the next shareholder meeting. The following information replaces similar information found in the "EXPENSES" section on page 4: CASH RESERVES Management fee .21% 12b-1 fee None Other expenses .31% Total fund operating expenses .52 % CASH RESERVES After 1 year $ 5 After 3 years $ 17 After 5 years $ 29 After 10 years $ 65 U.S. GOVERNMENT RESERVES Management fee .21% 12b-1 fee None Other expenses .28% Total fund operating expenses .49 % If this agreement were not in effect, the management fee, other expenses, and total operating expenses would be .45%, .28%, and .73%, respectively. U.S. GOVERNMENT RESERVES After 1 year $ 5 After 3 years $ 16 After 5 years $ 27 After 10 years $ 62 -----END PRIVACY-ENHANCED MESSAGE-----