-----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, NaIe87I/Fce7qj3NS+CG9vdeoE2oQAYu2M3IUmJw4GmAVDBZ4trUm0y0IRNYVkjr nCGQ1v3aiOBrPerYonmlig== 0000878662-08-000014.txt : 20080129 0000878662-08-000014.hdr.sgml : 20080129 20080129161505 ACCESSION NUMBER: 0000878662-08-000014 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20071130 FILED AS OF DATE: 20080129 DATE AS OF CHANGE: 20080129 EFFECTIVENESS DATE: 20080129 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY PHILLIPS STREET TRUST CENTRAL INDEX KEY: 0000278001 IRS NUMBER: 042667982 STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-02890 FILM NUMBER: 08558155 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 0000278001 S000007149 Fidelity Cash Reserves C000019553 Fidelity Cash Reserves FDRXX 0000278001 S000007150 Fidelity U.S. Government Reserves C000019554 Fidelity U.S. Government Reserves FGRXX NSAR-B 1 answer2890.fil ANSWER FILE PAGE 1 000 B000000 11/30/2007 000 C000000 0000278001 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 FIDELITY PHILLIPS STREET TRUST 001 B000000 811-02890 001 C000000 6037917481 002 A000000 82 DEVONSHIRE STREET 002 B000000 BOSTON 002 C000000 MA 002 D010000 02109 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 2 007 C010100 1 007 C020100 Fidelity Cash Reserves 007 C030100 N 007 C010200 2 007 C020200 Fidelity U.S. Government Reserves 007 C030200 N 008 A00AA01 FIDELITY MANAGEMENT & RESEARCH COMPANY (FMR) 008 B00AA01 A 008 C00AA01 801-7884 008 D01AA01 BOSTON 008 D02AA01 MA 008 D03AA01 02109 008 A00AA02 FIDELITY INVESTMENTS MONEY MANAGEMENT, INC. 008 B00AA02 S 008 C00AA02 801-34590 008 D01AA02 MERRIMACK 008 D02AA02 NH 008 D03AA02 03054 008 A00AA03 FIDELITY INTL INVESTMENT ADVISORS, INC (FIIA) 008 B00AA03 S 008 C00AA03 801-0000 008 D01AA03 PEMBROKE 008 D05AA03 BERMUDA 008 A00AA04 FIDELITY INTL INVESTMENT ADVISORS (U.K.) LTD. 008 B00AA04 S 008 C00AA04 801-00 008 D01AA04 LONDON 008 D05AA04 ENGLAND 008 A00AA05 FIDELITY RESEARCH & ANALYSIS COMPANY (FRAC) PAGE 2 008 B00AA05 S 008 C00AA05 801-28774 008 D01AA05 BOSTON 008 D02AA05 MA 008 D03AA05 02109 011 A00AA01 FIDELITY DISTRIBUTORS CORPORATION 011 B00AA01 8-8775 011 C01AA01 BOSTON 011 C02AA01 MA 011 C03AA01 02109 012 A00AA01 FIDELITY SERVICE COMPANY, INC. 012 B00AA01 84-5679 012 C01AA01 BOSTON 012 C02AA01 MA 012 C03AA01 02109 013 A00AA01 PRICEWATERHOUSECOOPERS LLP 013 B01AA01 BOSTON 013 B02AA01 MA 013 B03AA01 02110 014 A00AA01 FIDELITY BROKERAGE SERVICES LLC 014 B00AA01 8-23292 014 A00AA02 FIDELITY DISTRIBUTORS CORPORATION 014 B00AA02 8-8775 014 A00AA03 NATIONAL FINANCIAL SERVICES LLC 014 B00AA03 8-26740 014 A00AA04 FIDELITY INVESTMENTS CANADA LTD. 014 B00AA04 8-0000 014 A00AA05 FIDELITY BROKERAGE SERVICES JAPAN LLC 014 B00AA05 8-00000 015 A000101 THE BANK OF NEW YORK COMPANY, INC. 015 B000101 C 015 C010101 NEW YORK 015 C020101 NY 015 C030101 10286 015 E010101 X 015 A000102 JPMORGAN CHASE BANK 015 B000102 C 015 C010102 NEW YORK 015 C020102 NY 015 C030102 10022 015 E010102 X 015 A000103 THE BANK OF NEW YORK COMPANY, INC. 015 B000103 S 015 C010103 NEW YORK 015 C020103 NY 015 C030103 10286 015 E010103 X 015 A000104 CITIBANK ARGENTINA 015 B000104 S 015 C010104 BUENOS AIRES 015 D010104 ARGENTINA PAGE 3 015 E040104 X 015 A000105 NATIONAL AUSTRALIA BANK 015 B000105 S 015 C010105 MELBOURNE 015 D010105 AUSTRALIA 015 E040105 X 015 A000106 BANK AUSTRIA CREDITANSTALT AG 015 B000106 S 015 C010106 VIENNA 015 D010106 AUSTRIA 015 E040106 X 015 A000107 HSBC BANK MIDDLE EAST LIMITED 015 B000107 S 015 C010107 MANAMA 015 D010107 BAHRAIN 015 E040107 X 015 A000108 HONGKONG & SHANGHAI BANKING CORPORATION 015 B000108 S 015 C010108 DHAKA 015 D010108 BANGLADESH 015 E040108 X 015 A000109 ING BELGIUM SA/NV 015 B000109 S 015 C010109 BRUSSELS 015 D010109 BELGIUM 015 E040109 X 015 A000110 BUTTERFIELD TRUST BERMUDA LIMITED 015 B000110 S 015 C010110 HAMILTON 015 D010110 BERMUDA 015 E040110 X 015 A000111 BARCLAYS BANK OF BOTSWANA LTD. 015 B000111 S 015 C010111 GABARONE 015 D010111 BOTSWANA 015 E040111 X 015 A000112 CITIBANK, N.A. 015 B000112 S 015 C010112 SAO PAULO 015 D010112 BRAZIL 015 E040112 X 015 A000113 ING BANK N.V. 015 B000113 S 015 C010113 SOFIA BRANCH 015 D010113 BULGARIA 015 E040113 X 015 A000114 ROYAL BANK OF CANADA 015 B000114 S 015 C010114 TORONTO 015 D010114 CANADA 015 E040114 X PAGE 4 015 A000115 CITIBANK, N.A. 015 B000115 S 015 C010115 SANTIAGO 015 D010115 CHILE 015 E040115 X 015 A000116 HONGKONG & SHANGHAI BANKING CORPORATION 015 B000116 S 015 C010116 SHANGHAI 015 D010116 CHINA 015 E040116 X 015 A000117 BARCLAYS BANK OF ZIMBABWE LTD. 015 B000117 S 015 C010117 HARARE 015 D010117 ZIMBABWE 015 E040117 X 015 A000118 CITITRUST S.A. 015 B000118 S 015 C010118 BOGOTA 015 D010118 COLOMBIA 015 E040118 X 015 A000119 BANCO BCT S.A. 015 B000119 S 015 C010119 SAN JOSE 015 D010119 COSTA RICA 015 E040119 X 015 A000120 PRIVREDNA BANKA ZAGREB D.D. 015 B000120 S 015 C010120 ZAGREB 015 D010120 CROATIA 015 E040120 X 015 A000121 BNP PARIBAS SECURITIES SERVICES ATHENS 015 B000121 S 015 C010121 NICOSIA 015 D010121 CYPRUS 015 E040121 X 015 A000122 ING BANK N.V. 015 B000122 S 015 C010122 PRAGUE 015 D010122 CZECH REPUBLIC 015 E040122 X 015 A000123 DANSKE BANK 015 B000123 S 015 C010123 COPENHAGEN 015 D010123 DENMARK 015 E040123 X 015 A000124 BANCO DE LA PRODUCCION 015 B000124 S 015 C010124 QUITO 015 D010124 ECUADOR 015 E040124 X 015 A000125 CITIBANK, N.A. PAGE 5 015 B000125 S 015 C010125 CAIRO 015 D010125 EGYPT 015 E040125 X 015 A000126 HANSABANK LTD. ESTONIA 015 B000126 S 015 C010126 TALLINN 015 D010126 ESTONIA 015 E040126 X 015 A000127 NORDEA BANK FINLAND PLC 015 B000127 S 015 C010127 HELSINKI 015 D010127 FINLAND 015 E040127 X 015 A000128 ING BANK (EURASIA) ZAO 015 B000128 S 015 C010128 MOSCOW 015 D010128 RUSSIA 015 E040128 X 015 A000129 CACEIS BANK 015 B000129 S 015 C010129 PARIS 015 D010129 FRANCE 015 E040129 X 015 A000130 BHF-BANK 015 B000130 S 015 C010130 FRANKFURT 015 D010130 GERMANY 015 E040130 X 015 A000131 BARCLAYS BANK OF GHANA LTD. 015 B000131 S 015 C010131 ACCRA 015 D010131 GHANA 015 E040131 X 015 A000132 BNP PARIBAS SECURITIES SERVICES 015 B000132 S 015 C010132 ATHENS 015 D010132 GREECE 015 E040132 X 015 A000133 HONG KONG & SHANGHAI BANKING CORPORATION 015 B000133 S 015 C010133 HONG KONG 015 D010133 HONG KONG 015 E040133 X 015 A000134 LANDSBANKI ISLANDS 015 B000134 S 015 C010134 REYKJAVIK 015 D010134 ICELAND 015 E040134 X 015 A000135 DEUTSCHE BANK AG 015 B000135 S PAGE 6 015 C010135 MUMBAI 015 D010135 INDIA 015 E040135 X 015 A000136 HONGKONG & SHANGHAI BANKING CORPORATION 015 B000136 S 015 C010136 HO CHI MINH CITY 015 D010136 VIETNAM 015 E040136 X 015 A000137 HONGKONG & SHANGHAI BANKING CORPORATION 015 B000137 S 015 C010137 JAKARTA 015 D010137 INDONESIA 015 E040137 X 015 A000138 EUROCLEAR BANK 015 B000138 S 015 C010138 DUBLIN 015 D010138 IRELAND 015 E040138 X 015 A000139 BANK HAPOALIM B.M. 015 B000139 S 015 C010139 TEL AVIV 015 D010139 ISRAEL 015 E040139 X 015 A000140 BANCA INTESA 015 B000140 S 015 C010140 MILAN 015 D010140 ITALY 015 E040140 X 015 A000141 SOCIETE GENERALE DE BANQUES COTE D'LVOIRE 015 B000141 S 015 C010141 ABIDJAN 015 D010141 BENIN 015 E040141 X 015 A000142 MIZUHO CORPORATE BANK LTD. 015 B000142 S 015 C010142 TOKYO 015 D010142 JAPAN 015 E040142 X 015 A000143 THE BANK OF TOKYO MITSUBISHI UFJ LTD. 015 B000143 S 015 C010143 TOKYO 015 D010143 JAPAN 015 E040143 X 015 A000144 HSBC BANK MIDDLE EAST LIMITED 015 B000144 S 015 C010144 AMMAN 015 D010144 JORDAN 015 E040144 X 015 A000145 HSBC BANK KAZAKHSTAN 015 B000145 S 015 C010145 ALMATY PAGE 7 015 D010145 KAZAKHSTAN 015 E040145 X 015 A000146 BARCLAYS BANK OF KENYA LTD. 015 B000146 S 015 C010146 NAIROBI 015 D010146 KENYA 015 E040146 X 015 A000147 HANSABANKA 015 B000147 S 015 C010147 RIGA 015 D010147 LATVIA 015 E040147 X 015 A000148 HSBC BANK MIDDLE EAST LIMITED 015 B000148 S 015 C010148 BEIRUT 015 D010148 LEBANON 015 E040148 X 015 A000149 SEB VILNIAUS BANKAS 015 B000149 S 015 C010149 VILNIUS 015 D010149 LITHUANIA 015 E040149 X 015 A000150 BANQUE ET CAISSE D'EPARGNE DE L'ETAT 015 B000150 S 015 C010150 LUXEMBOURG 015 D010150 LUXEMBOURG 015 E040150 X 015 A000151 HSBC BANK MALAYSIA BERHAD 015 B000151 S 015 C010151 KUALA LUMPUR 015 D010151 MALAYSIA 015 E040151 X 015 A000152 HSBC BANK MALTA PLC 015 B000152 S 015 C010152 VALLETTA 015 D010152 MALTA 015 E040152 X 015 A000153 HONGKONG & SHANGHAI BANKING CORPORATION 015 B000153 S 015 C010153 PORT LOUIS 015 D010153 MAURITIUS 015 E040153 X 015 A000154 BANCO NACIONAL DE MEXICO (BANAMEX) 015 B000154 S 015 C010154 MEXICO CITY 015 D010154 MEXICO 015 E040154 X 015 A000155 ATTIJARIWAFA BANK 015 B000155 S 015 C010155 CASABLANCA 015 D010155 MOROCCO PAGE 8 015 E040155 X 015 A000156 STANDARD BANK NAMIBIA LTD. 015 B000156 S 015 C010156 WINDHOEK 015 D010156 NAMIBIA 015 E040156 X 015 A000157 ING BANK 015 B000157 S 015 C010157 AMSTERDAM 015 D010157 NETHERLANDS 015 E040157 X 015 A000158 NATIONAL AUSTRALIA BANK OF NEW ZEALAND 015 B000158 S 015 C010158 AUCKLAND 015 D010158 NEW ZEALAND 015 E040158 X 015 A000159 IBTC CHARTERED BANK PLC 015 B000159 S 015 C010159 LAGOS 015 D010159 NIGERIA 015 E040159 X 015 A000160 DNB NOR BANK ASA 015 B000160 S 015 C010160 OSLO 015 D010160 NORWAY 015 E040160 X 015 A000161 HSBC BANK MIDDLE EAST LIMITED 015 B000161 S 015 C010161 RUWI 015 D010161 OMAN 015 E040161 X 015 A000162 STANDARD CHARTERED BANK 015 B000162 S 015 C010162 KARACHI 015 D010162 PAKISTAN 015 E040162 X 015 A000163 HSBC BANK MIDDLE EAST LIMITED 015 B000163 S 015 C010163 RAMALLAH 015 D010163 PALESTINE 015 E040163 X 015 A000164 CITIBANK, N.A. 015 B000164 S 015 C010164 LIMA 015 D010164 PERU 015 E040164 X 015 A000165 HONGKONG & SHANGHAI BANKING CORPORATION 015 B000165 S 015 C010165 MANILA 015 D010165 PHILIPPINES 015 E040165 X PAGE 9 015 A000166 ING BANK SLASKI, S.A. 015 B000166 S 015 C010166 KATOWICE 015 D010166 POLAND 015 E040166 X 015 A000167 BANCO COMERCIAL PORTUGUES 015 B000167 S 015 C010167 LISBON 015 D010167 PORTUGAL 015 E040167 X 015 A000168 HSBC BANK MIDDLE EAST LIMITED 015 B000168 S 015 C010168 DOHA 015 D010168 QATAR 015 E040168 X 015 A000169 ING BANK N.V., BUCHAREST BRANCH 015 B000169 S 015 C010169 BUCHAREST 015 D010169 ROMANIA 015 E040169 X 015 A000170 VNESHTORGBANK (BANK FOR FOREIGN TRADE) 015 B000170 S 015 C010170 MOSCOW 015 D010170 RUSSIA 015 E040170 X 015 A000171 BARCLAYS BANK OF ZAMBIA PLC 015 B000171 S 015 C010171 LUSAKA 015 D010171 ZAMBIA 015 E040171 X 015 A000172 UNITED OVERSEAS BANK 015 B000172 S 015 C010172 SINGAPORE 015 D010172 SINGAPORE 015 E040172 X 015 A000173 ING BANK N.V. 015 B000173 S 015 C010173 BRATISLAVA 015 D010173 SLOVAK REPUBLIC 015 E040173 X 015 A000174 UNICREDIT BANK SLOVENIA D.D. 015 B000174 S 015 C010174 LJUBLJANA 015 D010174 SLOVENIA 015 E040174 X 015 A000175 STANDARD BANK OF SOUTH AFRICA 015 B000175 S 015 C010175 JOHANNESBURG 015 D010175 SOUTH AFRICA 015 E040175 X 015 A000176 BANCO ITAU URUGUAY S.A. PAGE 10 015 B000176 S 015 C010176 MONTEVIDEO 015 D010176 URUGUAY 015 E040176 X 015 A000177 HONGKONG & SHANGHAI BANKING CORPORATION 015 B000177 S 015 C010177 SEOUL 015 D010177 SOUTH KOREA 015 E040177 X 015 A000178 SANTANDER INVESTMENT S.A. 015 B000178 S 015 C010178 MADRID 015 D010178 SPAIN 015 E040178 X 015 A000179 BANCO BILBAO VIZCAYA ARGENTARIA 015 B000179 S 015 C010179 MADRID 015 D010179 SPAIN 015 E040179 X 015 A000180 HONGKONG & SHANGHAI BANKING CORPORATION 015 B000180 S 015 C010180 COLOMBO 015 D010180 SRI LANKA 015 E040180 X 015 A000181 STANDARD BANK SWAZILAND LTD. 015 B000181 S 015 C010181 MBABANE 015 D010181 SWAZILAND 015 E040181 X 015 A000182 SKANDINAVISKA ENSKILDA BANKEN 015 B000182 S 015 C010182 STOCKHOLM 015 D010182 SWEDEN 015 E040182 X 015 A000183 HONGKONG & SHANGHAI BANKING CORPORATION 015 B000183 S 015 C010183 TAIPEI 015 D010183 TAIWAN 015 E040183 X 015 A000184 HONGKONG & SHANGHAI BANKING CORPORATION 015 B000184 S 015 C010184 BANGKOK 015 D010184 THAILAND 015 E040184 X 015 A000185 CITIBANK, N.A., SURCUSAL VENEZUELA 015 B000185 S 015 C010185 CARACAS 015 D010185 VENEZUELA 015 E040185 X 015 A000186 REPUBLIC BANK LTD. 015 B000186 S PAGE 11 015 C010186 PORT OF SPAIN 015 D010186 TRINIDAD & TOBAGO 015 E040186 X 015 A000187 BANQUE INTERNATIONALE ARABE DE TUNISIE 015 B000187 S 015 C010187 TUNIS 015 D010187 TUNISIA 015 E040187 X 015 A000188 GARANTI BANK, ISTANBUL 015 B000188 S 015 C010188 ISTANBUL 015 D010188 TURKEY 015 E040188 X 015 A000189 ING BANK UKRAINE 015 B000189 S 015 C010189 KIEV 015 D010189 UKRAINE 015 E040189 X 015 A000190 HSBC BANK MIDDLE EAST LIMITED 015 B000190 S 015 C010190 DUBAI 015 D010190 UNITED ARAB EMIRATES 015 E040190 X 015 A000191 BNP PARIBAS SECURITIES SERVICES 015 B000191 S 015 C010191 PARIS 015 D010191 FRANCE 015 E040191 X 015 A000192 DBS BANK LIMITED 015 B000192 S 015 C010192 SINGAPORE 015 D010192 SINGAPORE 015 E040192 X 015 A000193 BANGKOK BANK LTD. 015 B000193 S 015 C010193 BANGKOK 015 D010193 THAILAND 015 E040193 X 015 A000194 SOCIETE GENERALE DE BANQUES COTE D'LVOIRE 015 B000194 S 015 C010194 ABIDJAN 015 D010194 IVORY COAST 015 E040194 X 015 A000195 SOCIETE GENERALE DE BANQUES COTE D'LVOIRE 015 B000195 S 015 C010195 ABIDJAN 015 D010195 BURKINA FASO 015 E040195 X 015 A000196 FIRST CARIBBEAN INTERNATIONAL SECURITIES LTD. 015 B000196 S 015 C010196 KINGSTON PAGE 12 015 D010196 JAMAICA 015 E040196 X 015 A000197 FORTIS BANK (NEDERLAND) N.V. 015 B000197 S 015 C010197 AMSTERDAM 015 D010197 NETHERLANDS 015 E040197 X 015 A000198 THE BANK OF NEW YORK, LONDON BRANCH 015 B000198 S 015 C010198 DUBLIN 015 D010198 IRELAND 015 E040198 X 015 A000199 THE BANK OF NEW YORK, LONDON BRANCH 015 B000199 S 015 C010199 LONDON 015 D010199 UNITED KINGDOM 015 E040199 X 015 A000201 JPMORGAN CHASE BANK 015 B000201 C 015 C010201 NEW YORK 015 C020201 NY 015 C030201 10022 015 E010201 X 015 A000202 THE BANK OF NEW YORK COMPANY, INC. 015 B000202 C 015 C010202 NEW YORK 015 C020202 NY 015 C030202 10286 015 E010202 X 015 A000203 JPMORGAN CHASE BANK 015 B000203 S 015 C010203 NEW YORK 015 C020203 NY 015 C030203 10022 015 E010203 X 015 A000204 HSBC BANK ARGENTINA S.A. 015 B000204 S 015 C010204 BUENOS AIRES 015 D010204 ARGENTINA 015 E040204 X 015 A000205 JPMORGAN CHASE BANK 015 B000205 S 015 C010205 SYDNEY 015 D010205 AUSTRALIA 015 E040205 X 015 A000206 BANK AUSTRIA CREDITANSTALT AG 015 B000206 S 015 C010206 VIENNA 015 D010206 AUSTRIA 015 E040206 X 015 A000207 HSBC BANK MIDDLE EAST LIMITED PAGE 13 015 B000207 S 015 C010207 AL SEEF 015 D010207 BAHRAIN 015 E040207 X 015 A000208 STANDARD CHARTERED BANK 015 B000208 S 015 C010208 DHAKA 015 D010208 BANGLADESH 015 E040208 X 015 A000209 FORTIS BANK (NEDERLAND) N.V. 015 B000209 S 015 C010209 AMSTERDAM 015 D010209 BELGIUM 015 E040209 X 015 A000210 THE BANK OF BERMUDA LIMITED 015 B000210 S 015 C010210 HAMILTON 015 D010210 BERMUDA 015 E040210 X 015 A000211 BARCLAYS BANK OF BOTSWANA LTD. 015 B000211 S 015 C010211 GABORONE 015 D010211 BOTSWANA 015 E040211 X 015 A000212 HSBC BANK BRASIL S.A. BANCO MULTIPLO 015 B000212 S 015 C010212 SAO PAULO 015 D010212 BRAZIL 015 E040212 X 015 A000213 ING BANK N.V. 015 B000213 S 015 C010213 SOFIA 015 D010213 BULGARIA 015 E040213 X 015 A000214 CANADIAN IMPERIAL BANK OF COMMERCE 015 B000214 S 015 C010214 TORONTO 015 D010214 CANADA 015 E040214 X 015 A000215 ROYAL BANK OF CANADA 015 B000215 S 015 C010215 TORONTO 015 D010215 CANADA 015 E040215 X 015 A000216 CITIBANK, N.A. 015 B000216 S 015 C010216 SANTIAGO 015 D010216 CHILE 015 E040216 X 015 A000217 HSBC BANK (CHINA) COMPANY LIMITED 015 B000217 S PAGE 14 015 C010217 SHANGHAI 015 D010217 CHINA 015 E040217 X 015 A000218 SANTANDER INVESTMENT TRUST COLOMBIA S.A. 015 B000218 S 015 C010218 BOGOTA 015 D010218 COLOMBIA 015 E040218 X 015 A000219 PRIVREDNA BANKA ZAGREB D.D. 015 B000219 S 015 C010219 ZAGREB 015 D010219 CROATIA 015 E040219 X 015 A000220 UNICREDIT BANK CZECH REPUBLIC A.S. 015 B000220 S 015 C010220 PRAGUE 015 D010220 CZECH REPUBLIC 015 E040220 X 015 A000221 HONGKONG & SHANGHAI BANKING CORPORATION 015 B000221 S 015 C010221 HO CHI MINH CITY 015 D010221 VIETNAM 015 E040221 X 015 A000222 DANSKE BANK A/S 015 B000222 S 015 C010222 COPENHAGEN 015 D010222 DENMARK 015 E040222 X 015 A000223 MARFIN POPULAR BANK PUBLIC COMPANY LTD. 015 B000223 S 015 C010223 NICOSIA 015 D010223 CYPRUS 015 E040223 X 015 A000224 HANSABANK 015 B000224 S 015 C010224 TALLINN 015 D010224 ESTONIA 015 E040224 X 015 A000225 SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) 015 B000225 S 015 C010225 HELSINKI 015 D010225 FINLAND 015 E040225 X 015 A000226 BNP PARIBAS SECURITIES SERVICES S.A. 015 B000226 S 015 C010226 PARIS 015 D010226 FRANCE 015 E040226 X 015 A000227 CITIBANK, N.A. 015 B000227 S 015 C010227 CARACAS PAGE 15 015 D010227 VENEZUELA 015 E040227 X 015 A000228 SOCIETE GENERALE 015 B000228 S 015 C010228 PARIS 015 D010228 FRANCE 015 E040228 X 015 A000229 DEUTSCHE BANK AG 015 B000229 S 015 C010229 ESCHBORN 015 D010229 GERMANY 015 E040229 X 015 A000230 BARCLAYS BANK OF GHANA LIMITED 015 B000230 S 015 C010230 ACCRA 015 D010230 GHANA 015 E040230 X 015 A000231 HSBC BANK PLC 015 B000231 S 015 C010231 ATHENS 015 D010231 GREECE 015 E040231 X 015 A000232 HONGKONG & SHANGHAI BANKING CORPORATION 015 B000232 S 015 C010232 WAN CHAI 015 D010232 HONG KONG 015 E040232 X 015 A000233 DEUTSCHE BANK ZRT. 015 B000233 S 015 C010233 BUDAPEST 015 D010233 HUNGARY 015 E040233 X 015 A000234 GLITNIR BANKI HF 015 B000234 S 015 C010234 REYKJAVIK 015 D010234 ICELAND 015 E040234 X 015 A000235 HONGKONG & SHANGHAI BANKING CORPORATION 015 B000235 S 015 C010235 MUMBAI 015 D010235 INDIA 015 E040235 X 015 A000236 STANDARD CHARTERED BANK 015 B000236 S 015 C010236 MUMBAI 015 D010236 INDIA 015 E040236 X 015 A000237 HONGKONG & SHANGHAI BANKING CORPORATION 015 B000237 S 015 C010237 JAKARTA 015 D010237 INDONESIA PAGE 16 015 E040237 X 015 A000238 BANK OF IRELAND 015 B000238 S 015 C010238 DUBLIN 015 D010238 IRELAND 015 E040238 X 015 A000239 BARCLAYS BANK OF ZAMBIA PLC 015 B000239 S 015 C010239 LUSAKA 015 D010239 ZAMBIA 015 E040239 X 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086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 SIGNATURE KENNETH ROBINS TITLE DEPUTY TREASURER EX-99.77B ACCT LTTR 2 q77b_pwcauditletter.htm AUDIT LETTER

 

 

REPORT OF INDEPENDENT REGISTERED ACCOUNTING FIRM

ON INTERNAL CONTROL REQUIRED BY FORM N-SAR

____

 

To the Board of Trustees and Shareholders of Fidelity Phillips Street Trust:

In planning and performing our audits of the financial statements of Fidelity Phillips Street Trust: Fidelity Cash Reserves and Fidelity U.S. Government Reserves (collectively, the "Trust") as of and for the year ended November 30, 2007, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Trust's internal control over financial reporting, including control activities for safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, but not for the purpose of expressing an opinion on the effectiveness of the Trust's internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Trust's internal control over financial reporting.

The management of the Trust is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the Trust are being made only in accordance with authorizations of management and trustees of the Trust; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a Trust's assets that could have a material effect on the financial statements.

 

 

 

 

 

Because of inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in

conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Trust's annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Trust's internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Trust's internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be material weaknesses as defined above as of November 30, 2007.

This report is intended solely for the information and use of management and the Board of Trustees of Fidelity Phillips Street Trust and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

 

 

 

 

PricewaterhouseCoopers LLP

January 15, 2008

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