UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-6453

Fidelity Court Street Trust II
(Exact name of registrant as specified in charter)

245 Summer St., Boston, Massachusetts 02210
(Address of principal executive offices) (Zip code)

Scott C. Goebel, Secretary

245 Summer St.

Boston, Massachusetts 02210
(Name and address of agent for service)

Registrant's telephone number, including area code: 617-563-7000

Date of fiscal year end:	November 30

Date of reporting period:	November 30, 2013

Item 1. Reports to Stockholders

Fidelity®

New Jersey AMT
Tax-Free Money Market Fund -

Fidelity New Jersey AMT Tax-Free
Money Market Fund

Institutional Class

Service Class

Annual Report

November 30, 2013

(Fidelity Cover Art)

Shareholder Expense Example	(Click Here)	An example of shareholder expenses.
Investment Changes/Performance	(Click Here)	A summary of major shifts in the fund's investments over the past six months and one year.
Investments	(Click Here)	A complete list of the fund's investments.
Financial Statements	(Click Here)	Statements of assets and liabilities, operations, and changes in net assets, as well as financial highlights.
Notes	(Click Here)	Notes to the financial statements.
Report of Independent Registered Public Accounting Firm	(Click Here)
Trustees and Officers	(Click Here)
Distributions	(Click Here)
Board Approval of Investment Advisory Contracts and Management Fees	(Click Here)

To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov. You may also call 1-800-544-8544 for Fidelity New Jersey AMT Tax-Free Money Market Fund or 1-877-208-0098 for Institutional Class or Service Class of the fund to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

This report and the financial statements contained herein are submitted for the general information of the shareholders of the fund. This report is not authorized for distribution to prospective investors in the fund unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC's web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC's Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330. For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.advisor.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED • MAY LOSE VALUE • NO BANK GUARANTEE

Neither the fund nor Fidelity Distributors Corporation is a bank.

Annual Report

Shareholder Expense Example

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs and (2) ongoing costs, including management fees, distribution and/or service (12b-1) fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (June 1, 2013 to November 30, 2013).

Actual Expenses

The first line of the accompanying table for each class of the Fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a class of the Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table for each class of the Fund provides information about hypothetical account values and hypothetical expenses based on a Class' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Class' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds.

Annual Report

	Annualized Expense Ratio^B	Beginning Account Value June 1, 2013	Ending Account Value November 30, 2013	Expenses Paid During Period* June 1, 2013 to November 30, 2013
New Jersey AMT Tax-Free Money Market	.12%
Actual		$ 1,000.00	$ 1,000.05	$ .60
Hypothetical^A		$ 1,000.00	$ 1,024.47	$ .61
Institutional Class	.12%
Actual		$ 1,000.00	$ 1,000.05	$ .60
Hypothetical^A		$ 1,000.00	$ 1,024.47	$ .61
Service Class	.12%
Actual		$ 1,000.00	$ 1,000.05	$ .60
Hypothetical^A		$ 1,000.00	$ 1,024.47	$ .61

^A 5% return per year before expenses

^B Annualized expense ratio reflects expenses net of applicable fee waivers.

* Expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/365 (to reflect the one-half year period).

Annual Report

Investment Changes/Performance (Unaudited)

Effective Maturity Diversification
Days	% of fund's investments 11/30/13	% of fund's investments 5/31/13	% of fund's investments 11/30/12
1 - 7	72.1	63.5	69.0
8 - 30	7.6	5.1	6.2
31 - 60	1.2	9.3	5.8
61 - 90	2.6	5.4	2.7
91 - 180	4.5	7.3	2.6
> 180	12.0	9.4	13.7

Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940.

Weighted Average Maturity
	11/30/13	5/31/13	11/30/12
Fidelity New Jersey AMT Tax-Free Money Market Fund	48 Days	47 Days	49 Days
New Jersey Tax-Free Money Market Funds Average*	49 Days	41 Days	48 Days

This is a weighted average of all the maturities of the securities held in a fund. Weighted Average Maturity (WAM) can be used as a measure of sensitivity to interest rate changes and market changes. Generally, the longer the maturity, the greater the sensitivity to such changes. WAM is based on the dollar-weighted average length of time until principal payments must be paid. Depending on the types of securities held in a fund, certain maturity shortening devices (e.g., demand features, interest rate resets, and call options) may be taken into account when calculating the WAM.

Weighted Average Life
	11/30/13	5/31/13	11/30/12
Fidelity New Jersey AMT Tax-Free Money Market Fund	48 Days	47 Days	49 Days

Weighted Average Life (WAL) is the weighted average of the life of the securities held in a fund or portfolio and can be used as a measure of sensitivity to changes in liquidity and/or credit risk. Generally, the higher the value, the greater the sensitivity. WAL is based on the dollar-weighted average length of time until principal payments must be paid, taking into account any call options exercised by the issuer and any permissible maturity shortening features other than interest rate resets. The difference between WAM and WAL is that WAM takes into account interest rate resets and WAL does not. WAL for money market funds is not the same as WAL of a mortgage- or asset-backed security.

* Source: iMoneyNet, Inc.

Asset Allocation (% of fund's net assets)
As of November 30, 2013		As of May 31, 2013
	Variable Rate Demand Notes (VRDNs) 64.7%		Variable Rate Demand Notes (VRDNs) 62.8%
	Other Municipal Debt 25.5%		Other Municipal Debt 34.6%
	Investment Companies 10.8%		Investment Companies 4.6%
	Net Other Assets (Liabilities)** (1.0)%		Net Other Assets (Liabilities)** (2.0)%

ccc613394

** Net Other Assets (Liabilities) are not included in the pie chart.

Current and Historical Seven-Day Yields

	11/30/13	8/31/13	5/31/13	2/28/13	11/30/12

New Jersey AMT Tax-Free Money Market	0.01%	0.01%	0.01%	0.01%	0.01%

Institutional Class	0.01%	0.01%	0.01%	0.01%	0.01%

Service Class	0.01%	0.01%	0.01%	0.01%	0.01%

Yield refers to the income paid by the fund over a given period. Yields for money market funds are usually for seven-day periods, as they are here, though they are expressed as annual percentage rates. Past performance is no guarantee of future results. Yield will vary and it's possible to lose money investing in the Fund. A portion of the Fund's expenses was reimbursed and/or waived. Absent such reimbursements and/or waivers the yield for the period ending November 30, 2013, the most recent period shown in the table, would have been -0.19% for New Jersey AMT Tax-Free Money Market, -0.14% for Institutional Class and -0.39% for Service Class.

Annual Report

Investments November 30, 2013

Showing Percentage of Net Assets

Variable Rate Demand Note - 64.7%
	Principal Amount		Value
Arizona - 0.3%
Eclipse Fdg. Trust Various States Participating VRDN Series Solar 06 23, 0.05% 12/6/13 (Liquidity Facility U.S. Bank NA, Cincinnati) (b)(e)	$ 1,285,000		$ 1,285,000
Delaware - 0.2%
Delaware Econ. Dev. Auth. Rev. (Delmarva Pwr. & Lt. Co. Proj.) Series 1993 C, 0.21% 12/6/13, VRDN (b)	950,000		950,000
Florida - 0.4%
Orange County Indl. Dev. Auth. Indl. Dev. Rev. (Central Florida YMCA Proj.) Series 2002 A, 0.08% 12/6/13, LOC Bank of America NA, VRDN (b)	1,590,000		1,590,000
Louisiana - 0.5%
Saint James Parish Gen. Oblig. (Nucor Steel Louisiana LLC Proj.) Series 2010 B1:
0.35% 12/6/13, VRDN (b)	500,000		500,000
0.35% 12/6/13, VRDN (b)	1,500,000		1,500,000
			2,000,000
New Jersey - 40.8%
Garden State Preservation Trust Open Space & Farmland Preservation Participating VRDN Series Putters 2865, 0.06% 12/6/13 (Liquidity Facility JPMorgan Chase Bank) (b)(e)	4,190,000		4,190,000
Hudson County Impt. Auth. Rev. (Essential Purp. Pooled Govt. Ln. Prog.) Series 1986, 0.05% 12/6/13, LOC Bank of New York, New York, VRDN (b)	27,705,000		27,705,000
New Jersey Bldg. Auth. State Bldg. Rev. Series 2003 A1, 0.04% 12/6/13, LOC Barclays Bank PLC, VRDN (b)	9,305,000		9,305,000
New Jersey Econ. Dev. Auth. Econ. Dev. Rev. (Stolt Haven Perth Amboy Proj.) Series 1998 A, 0.05% 12/6/13, LOC Citibank NA, VRDN (b)	5,400,000		5,400,000
New Jersey Econ. Dev. Auth. Natural Gas Facilities Rev. (Natural Gas Co. Proj.) Series 2011 A, 0.06% 12/2/13, VRDN (b)	6,200,000		6,200,000
New Jersey Health Care Facilities Fing. Auth. Rev.:
(AHS Hosp. Corp. Proj.):
Series 2008 B, 0.04% 12/6/13, LOC Bank of America NA, VRDN (b)	24,925,000		24,925,000
Series 2008 C, 0.04% 12/6/13, LOC JPMorgan Chase Bank, VRDN (b)	12,235,000		12,235,000
(East Orange Gen. Hosp. Proj.) Series 2006 A2, 0.05% 12/6/13, LOC PNC Bank NA, VRDN (b)	925,000		925,000
(Meridian Health Sys. Proj.):
Series 2003 A, 0.04% 12/6/13, LOC JPMorgan Chase Bank, VRDN (b)	13,335,000		13,335,000
Variable Rate Demand Note - continued
	Principal Amount		Value
New Jersey - continued
New Jersey Health Care Facilities Fing. Auth. Rev.: - continued
Series 2006 A5, 0.03% 12/6/13, LOC Wells Fargo Bank NA, VRDN (b)	$ 2,000,000		$ 2,000,000
(Robert Wood Johnson Univ. Hosp. Proj.) Series 2003 A3, 0.03% 12/6/13, LOC Wells Fargo Bank NA, VRDN (b)	3,485,000		3,485,000
(Virtua Health Proj.) Series 2009 B, 0.06% 12/2/13, LOC JPMorgan Chase Bank, VRDN (b)	6,580,000		6,580,000
New Jersey Hsg. & Mtg. Fin. Agcy. Multi-family Rev. Series 2008 B, 0.05% 12/6/13, LOC Bank of America NA, VRDN (b)	9,300,000		9,300,000
New Jersey Tpk. Auth. Tpk. Rev. Series 2009 A, 0.06% 12/6/13, LOC JPMorgan Chase Bank, VRDN (b)	16,300,000		16,300,000
New Jersey Trans. Trust Fund Auth.:
Series 2009 C, 0.04% 12/6/13, LOC Wells Fargo Bank NA, VRDN (b)	18,890,000		18,890,000
Series 2009 D, 0.06% 12/6/13, LOC Wells Fargo Bank NA, VRDN (b)	12,600,000		12,600,000
Salem County Poll. Cont. Fin. Auth. Rev. (Pub. Svc. Elec. and Gas Co. Proj.) Series 2003 B1, 0.23% 12/6/13, VRDN (b)	2,000,000		2,000,000
			175,375,000
New Jersey/Pennsylvania - 10.1%
Delaware River Port Auth. Pennsylvania & New Jersey Rev.:
Series 2008 A, 0.04% 12/6/13, LOC Bank of America NA, VRDN (b)	7,200,000		7,200,000
Series 2008 B, 0.04% 12/6/13, LOC TD Banknorth, NA, VRDN (b)	9,300,000		9,300,000
Series 2010 A, 0.04% 12/6/13, LOC Royal Bank of Canada, VRDN (b)	5,200,000		5,200,000
Series 2010 B, 0.04% 12/6/13, LOC Barclays Bank PLC, VRDN (b)	17,200,000		17,200,000
Series 2010 C, 0.07% 12/6/13, LOC Bank of New York, New York, VRDN (b)	4,550,000		4,550,000
			43,450,000
New York - 0.4%
Dutchess County Indl. Dev. Agcy. Civic Facility Rev. (Lutheran Ctr. at Poughkeepsie, Inc. Proj.) 0.14% 12/6/13, LOC KeyBank NA, VRDN (b)	100,000		100,000
New York City Gen. Oblig. Series 2008 J11, 0.11% 12/6/13 (Liquidity Facility KBC Bank NV), VRDN (b)	200,000		200,000
Variable Rate Demand Note - continued
	Principal Amount		Value
New York - continued
New York City Hsg. Dev. Corp. Multi-family Mtg. Rev. (Beekman Tower Proj.) Series 2008 A, 0.3% 12/6/13, LOC RBS Citizens NA, VRDN (b)	$ 600,000		$ 600,000
New York Dorm. Auth. Revs. (College of New Rochelle Proj.) Series 2008, 0.35% 12/6/13, LOC RBS Citizens NA, VRDN (b)	1,000,000		1,000,000
			1,900,000
New York & New Jersey - 9.7%
Port Auth. of New York & New Jersey:
Participating VRDN:
Series MS 3264, 0.07% 12/6/13 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(e)	7,650,000		7,650,000
Series Putters 1546, 0.06% 12/6/13 (Liquidity Facility JPMorgan Chase Bank) (b)(e)	8,385,000		8,385,000
Series ROC II R 664, 0.06% 12/6/13 (Liquidity Facility Citibank NA) (b)(e)	4,885,000		4,885,000
Series 1992 2, 0.1% 12/30/13, VRDN (b)(f)	6,900,000		6,900,000
Series 1997 1, 0.1% 12/30/13, VRDN (b)(f)	8,900,000		8,900,000
Series 1997 2, 0.1% 12/30/13, VRDN (b)(f)	4,900,000		4,900,000
			41,620,000
North Carolina - 0.3%
North Carolina Cap. Facilities Fin. Agcy. Edl. Facilities Rev. (Campbell Univ. Proj.) Series 2009, 0.06% 12/6/13, LOC Branch Banking & Trust Co., VRDN (b)	880,000		880,000
Parson County Indl. Facilities and Poll. Cont. Fing. Auth. (CertainTeed Gypsum NC, Inc. Proj.) Series 2010, 0.11% 12/6/13, LOC Cr. Industriel et Commercial, VRDN (b)	600,000		600,000
			1,480,000
Ohio - 0.5%
Ohio Air Quality Dev. Auth. Rev. (Cincinnati Gas & Elec. Co. Proj.):
Series A, 0.25% 12/6/13, VRDN (b)	1,800,000		1,800,000
Series B, 0.15% 12/6/13, VRDN (b)	100,000		100,000
Ohio Higher Edl. Facility Commission Rev. (Univ. Hosp. Health Sys. Proj.) Series 2008 E, 0.34% 12/6/13, LOC RBS Citizens NA, VRDN (b)	200,000		200,000
			2,100,000
Puerto Rico - 0.7%
Puerto Rico Commonwealth Pub. Impt. Gen. Oblig. Series 2003 C5-2, 0.05% 12/6/13, LOC Barclays Bank PLC, VRDN (b)	2,815,000		2,815,000
Variable Rate Demand Note - continued
	Principal Amount		Value
Tennessee - 0.3%
Clarksville Pub. Bldg. Auth. Rev. (Tennessee Muni. Bond Fund Proj.) Series 2003, 0.08% 12/2/13, LOC Bank of America NA, VRDN (b)	$ 1,215,000		$ 1,215,000
Texas - 0.5%
Northside Independent School District Participating VRDN Series ROC II R 11965, 0.05% 12/6/13 (Liquidity Facility Citibank NA) (b)(e)	2,000,000		2,000,000
Wyoming - 0.0%
Sweetwater County Poll. Cont. Rev. (PacifiCorp Proj.) Series 1984, 0.23% 12/6/13, VRDN (b)	100,000		100,000
TOTAL VARIABLE RATE DEMAND NOTE (Cost $277,880,000)		277,880,000
Other Municipal Debt - 25.5%

Massachusetts - 0.5%
Massachusetts Indl. Fin. Agcy. Poll. Cont. Rev. Bonds (New England Pwr. Co. Proj.):
Series 1992, 0.3% tender 12/6/13, CP mode	800,000		800,000
Series 1993 B, 0.35% tender 12/30/13, CP mode	1,200,000		1,200,000
			2,000,000
New Jersey - 22.7%
Belmar Gen. Oblig. BAN 1.25% 3/14/14	2,320,000		2,323,777
Burlington County Gen. Oblig. Bonds Series 2013 A, 2% 5/15/14	1,472,000		1,483,683
Clark Township Gen. Oblig. BAN 1% 3/21/14	1,700,000		1,703,468
Cranbury Township Gen. Oblig. BAN 1.5% 1/10/14	1,000,000		1,001,046
Denville Township BAN 1.25% 10/16/14	1,081,480		1,090,242
Edgewater Gen. Oblig. BAN 1.25% 7/25/14	3,200,000		3,217,926
Englewood Gen. Oblig. BAN:
Series 2013 A, 1.25% 5/2/14	4,900,684		4,916,114
1.25% 12/20/13	2,900,000		2,900,899
Essex County Gen. Oblig. BAN Series 2013 A, 1% 9/24/14	10,780,000		10,851,773
Fair Lawn Gen. Oblig. BAN 1.25% 9/19/14	1,500,000		1,511,484
Florham Park Gen. Oblig. BAN 1.25% 10/23/14	1,334,000		1,345,641
Highland Park Gen. Oblig. BAN 0.75% 12/31/13	1,461,904		1,462,313
Hopatcong Borough Gen. Oblig. BAN 1.25% 8/1/14	2,271,000		2,285,923
Hopewell Township Gen. Oblig. BAN 1% 4/11/14	4,600,000		4,613,515
Livingston Township Gen. Oblig. BAN 1.25% 2/13/14	2,500,000		2,504,950
Mahwah Township Gen. Oblig. BAN:
1.25% 8/8/14	1,200,000		1,208,359
Other Municipal Debt - continued
	Principal Amount		Value
New Jersey - continued
Mahwah Township Gen. Oblig. BAN: - continued
1.25% 10/10/14	$ 1,000,000		$ 1,008,635
Mercer County Gen. Oblig. BAN Series 2012 A, 1.5% 12/5/13	7,300,000		7,301,013
Middlesex County Gen. Oblig. BAN 1% 6/6/14	5,600,000		5,623,756
Millburn Township Gen. Oblig. BAN 1% 6/19/14	1,300,000		1,303,754
Monmouth County Impt. Auth. Rev. BAN Series 2013, 2% 12/4/14 (Monmouth County N J Guaranteed) (a)	1,600,000		1,628,656
New Jersey Econ. Dev. Auth. School Facilities Construction Rev. Bonds:
Series 2004:
5.75% 6/15/14 (Pre-Refunded to 6/15/14 @ 100)	1,000,000		1,029,984
5.75% 6/15/14 (Pre-Refunded to 6/15/14 @ 100)	1,000,000		1,029,640
Series 2005 K, 5.25% 12/15/14	1,985,000		2,088,150
Series 2009, 5% 12/15/13 (Escrowed to Maturity)	1,600,000		1,602,979
New Jersey Edl. Facilities Auth. Rev. Series 1997 A:
0.08% 12/4/13, CP	1,400,000		1,400,000
0.1% 1/23/14, CP	1,500,000		1,500,000
New Jersey Trans. Trust Fund Auth. Bonds:
Series 2003 A, 5.5% 12/15/13	345,000		345,664
Series 2004 B:
5.25% 12/15/13	500,000		500,933
5.25% 12/15/14	1,000,000		1,051,969
Series 2005 A, 5.25% 12/15/13	2,140,000		2,144,117
North Brunswick Township Gen. Oblig. BAN Series 2013 A, 1.25% 8/5/14	5,200,000		5,237,579
Oakland Gen. Oblig. BAN 1.25% 2/7/14	1,700,000		1,702,426
Ocean Township Gen. Oblig. BAN Series 2012, 1.5% 12/18/13	3,200,000		3,201,303
Parsippany Troy Hills Township Gen. Oblig. BAN Series 2013, 1.25% 10/1/14	4,600,000		4,640,113
Randolph Township Gen. Oblig. BAN 1.25% 3/26/14	1,400,000		1,404,089
Robbinsville Township Gen. Oblig. BAN Series 2013 A, 1.25% 8/4/14	2,700,000		2,718,138
Rutgers State Univ. Rev. Bonds Series 2013 J, 1% 5/1/14	2,000,000		2,006,775
Springfield Township Gen. Oblig. BAN:
1.25% 7/24/14	1,400,000		1,408,626
1.25% 8/8/14	1,500,000		1,509,107
			97,808,519
Other Municipal Debt - continued
	Principal Amount		Value
New York & New Jersey - 2.3%
Port Auth. of New York & New Jersey Series 2013 B:
0.1% 2/11/14, CP	$ 7,044,000		$ 7,044,000
0.11% 12/9/13, CP	500,000		500,000
0.11% 1/7/14, CP	1,203,500		1,203,500
0.12% 3/4/14, CP	1,216,000		1,216,000
			9,963,500
TOTAL OTHER MUNICIPAL DEBT (Cost $109,772,019)		109,772,019
Investment Company - 10.8%
	Shares
Fidelity Tax-Free Cash Central Fund, 0.06% (c)(d) (Cost $46,296,000)	46,296,000		46,296,000
TOTAL INVESTMENT PORTFOLIO - 101.0% (Cost $433,948,019)			433,948,019
NET OTHER ASSETS (LIABILITIES) - (1.0)%			(4,240,499)
NET ASSETS - 100%		$ 429,707,520

Security Type Abbreviations
BAN	-	BOND ANTICIPATION NOTE
CP	-	COMMERCIAL PAPER
VRDN	-	VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly)

Legend

(a) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(b) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

(c) Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Tax-Free Cash Central Fund.

(d) Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

(e) Provides evidence of ownership in one or more underlying municipal bonds.

(f) Restricted securities - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $20,700,000 or 4.8% of net assets.

Additional information on each restricted holding is as follows:

Security	Acquisition Date	Cost
Port Auth. of New York & New Jersey Series: 1992 2, 0.1% 12/30/13, VRDN	2/14/92	$ 6,900,000
1997 1, 0.1% 12/30/13, VRDN	8/9/02	$ 8,900,000
1997 2, 0.1% 12/30/13, VRDN	9/15/97	$ 4,900,000

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned
Fidelity Tax-Free Cash Central Fund	$ 35,680

Other Information

The date shown for securities represents the date when principal payments must be paid, taking into account any call options exercised by the issuer and any permissible maturity shortening features other than interest rate resets.

All investments are categorized as Level 2 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, please refer to the Security Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Statements

Statement of Assets and Liabilities

	November 30, 2013

Assets
Investment in securities, at value - See accompanying schedule: Unaffiliated issuers (cost $387,652,019)	$ 387,652,019
Fidelity Central Funds (cost $46,296,000)	46,296,000
Total Investments (cost $433,948,019)		$ 433,948,019
Cash		158,730
Receivable for fund shares sold		24,466
Interest receivable		759,916
Distributions receivable from Fidelity Central Funds		2,290
Receivable from investment adviser for expense reductions		11,196
Other receivables		53
Total assets		434,904,670

Liabilities
Payable for investments purchased Regular delivery	$ 3,400,000
Delayed delivery	1,628,656
Payable for fund shares redeemed	46,233
Distributions payable	234
Accrued management fee	50,936
Other affiliated payables	71,091
Total liabilities		5,197,150

Net Assets		$ 429,707,520
Net Assets consist of:
Paid in capital		$ 429,730,611
Distributions in excess of net investment income		(2,866)
Accumulated undistributed net realized gain (loss) on investments		(20,225)
Net Assets		$ 429,707,520

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Statements - continued

Statement of Assets and Liabilities - continued

	November 30, 2013

New Jersey AMT Tax-Free Money Market: Net Asset Value, offering price and redemption price per share ($176,351,844 ÷ 176,015,686 shares)		$ 1.00

Institutional Class: Net Asset Value, offering price and redemption price per share ($253,288,463 ÷ 252,905,827 shares)		$ 1.00

Service Class: Net Asset Value, offering price and redemption price per share ($67,213 ÷ 67,103 shares)		$ 1.00

See accompanying notes which are an integral part of the financial statements.

Annual Report

Statement of Operations

	Year ended November 30, 2013

Investment Income
Interest		$ 720,271
Income from Fidelity Central Funds		35,680
Total income		755,951

Expenses
Management fee	$ 928,556
Transfer agent fees	325,920
Distribution and service plan fees	168
Independent trustees' compensation	1,829
Total expenses before reductions	1,256,473
Expense reductions	(544,845)	711,628
Net investment income (loss)		44,323
Realized and Unrealized Gain (Loss) Net realized gain (loss) on:
Investment securities:
Unaffiliated issuers		3,101
Net increase in net assets resulting from operations		$ 47,424

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Statements - continued

Statement of Changes in Net Assets

	Year ended November 30, 2013	Year ended November 30, 2012
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 44,323	$ 80,871
Net realized gain (loss)	3,101	27,266
Net increase in net assets resulting from operations	47,424	108,137
Distributions to shareholders from net investment income	(48,970)	(76,249)
Distributions to shareholders from net realized gain	-	(81,856)
Total distributions	(48,970)	(158,105)
Share transactions - net increase (decrease)	(82,042,539)	(103,812,013)
Total increase (decrease) in net assets	(82,044,085)	(103,861,981)

Net Assets
Beginning of period	511,751,605	615,613,586
End of period (including distributions in excess of net investment income of $2,866 and $0, respectively)	$ 429,707,520	$ 511,751,605

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - New Jersey AMT Tax-Free Money Market

Years ended November 30,	2013	2012	2011	2010	2009
Selected Per-Share Data
Net asset value, beginning of period	$ 1.00	$ 1.00	$ 1.00	$ 1.00	$ 1.00
Income from Investment Operations
Net investment income (loss)	- ^D	- ^D	- ^D	- ^D	.003
Net realized and unrealized gain (loss) ^D	-	-	-	-	-
Total from investment operations	- ^D	- ^D	- ^D	- ^D	.003
Distributions from net investment income	- ^D	- ^D	- ^D	- ^D	(.003)
Distributions from net realized gain (loss)	-	- ^D	-	-	- ^D
Total distributions	- ^D	- ^D	- ^D	- ^D	(.003)
Net asset value, end of period	$ 1.00	$ 1.00	$ 1.00	$ 1.00	$ 1.00
Total Return ^A	.01%	.03%	.01%	.01%	.27%
Ratios to Average Net Assets ^{B, C}
Expenses before reductions	.30%	.30%	.30%	.30%	.34%
Expenses net of fee waivers, if any	.15%	.21%	.23%	.28%	.34%
Expenses net of all reductions	.15%	.21%	.23%	.28%	.34%
Net investment income (loss)	.01%	.01%	.01%	.01%	.28%
Supplemental Data
Net assets, end of period (000 omitted)	$ 176,352	$ 194,184	$ 243,463	$ 302,325	$ 433,202

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

^C Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed or waived or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement and waivers but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

^D Amount represents less than $.001 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Institutional Class

Years ended November 30,	2013	2012	2011	2010	2009
Selected Per-Share Data
Net asset value, beginning of period	$ 1.00	$ 1.00	$ 1.00	$ 1.00	$ 1.00
Income from Investment Operations
Net investment income (loss)	- ^D	- ^D	- ^D	.001	.004
Net realized and unrealized gain (loss) ^D	-	-	-	-	-
Total from investment operations	- ^D	- ^D	- ^D	.001	.004
Distributions from net investment income	- ^D	- ^D	- ^D	(.001)	(.004)
Distributions from net realized gain (loss)	-	- ^D	-	-	- ^D
Total distributions	- ^D	- ^D	- ^D	(.001)	(.004)
Net asset value, end of period	$ 1.00	$ 1.00	$ 1.00	$ 1.00	$ 1.00
Total Return ^A	.01%	.03%	.05%	.09%	.37%
Ratios to Average Net Assets ^{B, C}
Expenses before reductions	.25%	.25%	.25%	.25%	.29%
Expenses net of fee waivers, if any	.15%	.20%	.19%	.20%	.24%
Expenses net of all reductions	.15%	.20%	.19%	.20%	.24%
Net investment income (loss)	.01%	.02%	.05%	.09%	.38%
Supplemental Data
Net assets, end of period (000 omitted)	$ 253,288	$ 317,501	$ 372,083	$ 451,833	$ 624,266

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Amount represents less than $.001 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Service Class

Years ended November 30,	2013	2012	2011	2010	2009
Selected Per-Share Data
Net asset value, beginning of period	$ 1.00	$ 1.00	$ 1.00	$ 1.00	$ 1.00
Income from Investment Operations
Net investment income (loss)	- ^D	- ^D	- ^D	- ^D	.002
Net realized and unrealized gain (loss) ^D	-	-	-	-	-
Total from investment operations	- ^D	- ^D	- ^D	- ^D	.002
Distributions from net investment income	- ^D	- ^D	- ^D	- ^D	(.002)
Distributions from net realized gain (loss)	-	- ^D	-	-	- ^D
Total distributions	- ^D	- ^D	- ^D	- ^D	(.002)
Net asset value, end of period	$ 1.00	$ 1.00	$ 1.00	$ 1.00	$ 1.00
Total Return ^A	.01%	.03%	.01%	.01%	.17%
Ratios to Average Net Assets ^{B, C}
Expenses before reductions	.50%	.50%	.50%	.50%	.55%
Expenses net of fee waivers, if any	.15%	.21%	.24%	.28%	.46%
Expenses net of all reductions	.15%	.21%	.24%	.28%	.46%
Net investment income (loss)	.01%	.01%	.01%	.01%	.17%
Supplemental Data
Net assets, end of period (000 omitted)	$ 67	$ 67	$ 67	$ 107	$ 129

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Amount represents less than $.001 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Notes to Financial Statements

For the period ended November 30, 2013

1. Organization.

Fidelity New Jersey AMT Tax-Free Money Market Fund (the Fund) is a fund of Fidelity Court Street Trust II (the Trust) and is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Delaware statutory trust. The Fund offers New Jersey AMT Tax-Free Money Market, Institutional Class and Service Class shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. The Fund may be affected by economic and political developments in the state of New Jersey.

2. Investments in Fidelity Central Funds.

The Fund invests in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Fund's Schedule of Investments lists each of the Fidelity Central Funds held as of period end, if any, as an investment of the Fund, but does not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, the Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date are less than .01%.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC website or upon request.

3. Significant Accounting Policies.

The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Fund:

Security Valuation. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - quoted prices in active markets for identical investments

Annual Report

Notes to Financial Statements - continued

3. Significant Accounting Policies - continued

Security Valuation - continued

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

As permitted by compliance with certain conditions under Rule 2a-7 of the 1940 Act, securities are valued at amortized cost, which approximates fair value. The amortized cost of an instrument is determined by valuing it at its original cost and thereafter amortizing any discount or premium from its face value at a constant rate until maturity. Securities held by a money market fund are generally high quality and liquid; however, they are reflected as Level 2 because the inputs used to determine fair value are not quoted prices in an active market.

Investment Transactions and Income. The net asset value per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time. Security transactions, including the Fund's investment activity in the Fidelity Central Funds, are accounted for as of trade date. Gains and losses on securities sold are determined on the basis of identified cost. Interest income and distributions from the Fidelity Central Funds are accrued as earned. Interest income includes coupon interest and amortization of premium and accretion of discount on debt securities.

Class Allocations and Expenses. Investment income, realized and unrealized capital gains and losses, common expenses of the Fund, and certain fund-level expense reductions, if any, are allocated daily on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of the Fund. Each class differs with respect to transfer agent and distribution and service plan fees incurred. Certain expense reductions may also differ by class. For the reporting period, the allocated portion of income and expenses to each class as a percent of its average net assets may vary due to the timing of recording these transactions in relation to fluctuating net assets of the classes. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Annual Report

3. Significant Accounting Policies - continued

Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. As of November 30, 2013, the Fund did not have any unrecognized tax benefits in the financial statements; nor is the Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.

Dividends are declared and recorded daily and paid monthly from net investment income. Distributions from realized gains, if any, are declared and recorded on the ex-dividend date. Income dividends and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences will reverse in a subsequent period.

Book-tax differences are primarily due to deferred trustees compensation and capital loss carryforwards.

The Fund purchases municipal securities whose interest, in the opinion of the issuer, is free from federal income tax. There is no assurance that the IRS will agree with this opinion. In the event the IRS determines that the issuer does not comply with relevant tax requirements, interest payments from a security could become federally taxable, possibly retroactively to the date the security was issued.

The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows:

Gross unrealized appreciation	$ -
Gross unrealized depreciation	-
Net unrealized appreciation (depreciation) on securities and other investments	$ -

Tax Cost	$ 433,948,019

Annual Report

Notes to Financial Statements - continued

3. Significant Accounting Policies - continued

Income Tax Information and Distributions to Shareholders - continued

The tax-based components of distributable earnings as of period end were as follows:

Capital loss carryforward

$ (20,224)

Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. Under the Regulated Investment Company Modernization Act of 2010 (the Act), the Fund is permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period and such capital losses are required to be used prior to any losses that expire. The capital loss carryforward information presented below, including any applicable limitation, is estimated as of fiscal period end and is subject to adjustment.

Fiscal year of expiration
2017	$ (18,826)
2018	(1,398)
Total capital loss carryforward	$ (20,224)

The tax character of distributions paid was as follows:

	November 30, 2013	November 30, 2012
Tax-exempt Income	$ 48,970	$ 76,249
Long-term Capital Gains	-	81,856
Total	$ 48,970	$ 158,105

Delayed Delivery Transactions and When-Issued Securities. During the period, the Fund transacted in securities on a delayed delivery or when-issued basis. Payment and delivery may take place after the customary settlement period for that security. The price of the underlying securities and the date when the securities will be delivered and paid for are fixed at the time the transaction is negotiated. The securities purchased on a delayed delivery or when-issued basis are identified as such in the Fund's Schedule of Investments. The Fund may receive compensation for interest forgone in the purchase of a delayed delivery or when-issued security. With respect to purchase commitments, the Fund identifies securities as segregated in its records with a value at least equal to the amount of the commitment. Losses may arise due to changes in the value of the underlying securities or if the counterparty does not perform under the contract's terms, or if the issuer does not issue the securities due to political, economic, or other factors.

Annual Report

3. Significant Accounting Policies - continued

Restricted Securities. The Fund may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities is included at the end of the Fund's Schedule of Investments.

4. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. Fidelity Management & Research Company (the investment adviser) and its affiliates provide the Fund with investment management related services for which the Fund pays a monthly management fee that is based on an annual rate of .20% of the Fund's average net assets. Under the management contract, the investment adviser pays all other fund-level expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense. The management fee paid to the investment adviser by the Fund is reduced by an amount equal to the fees and expenses paid by the Fund to the independent Trustees.

In addition, under the expense contract, the investment adviser pays class-level expenses for New Jersey AMT Tax-Free Money Market so that the total expenses do not exceed .35%, expressed as a percentage of class average net assets, with certain exceptions such as interest expense.

Distribution and Service Plan Fees. In accordance with Rule 12b-1 of the 1940 Act, the Fund has adopted separate Distribution and Service Plans for each class of shares. Service Class pays Fidelity Distributors Corporation (FDC), an affiliate of the investment adviser, a Service Fee based on an annual percentage of Service Class' average net assets. In addition, FDC may pay financial intermediaries for selling shares of the Fund and providing shareholder support services. For the period, the Service Fee rate, total service fees and amounts retained by FDC were as follows:

	Service Fee	Total Fees	Retained by FDC
Service Class	.25%	$ 168	$ 1

During the period, the investment adviser or its affiliates waived a portion of these fees.

Annual Report

Notes to Financial Statements - continued

4. Fees and Other Transactions with Affiliates - continued

Transfer Agent and Accounting Fees. Citibank, N.A. (Citibank) is the custodian, transfer agent, and servicing agent for the Fund. Citibank has entered into a sub-arrangement with Fidelity Investments Institutional Operations Company, Inc. (FIIOC), an affiliate of the investment adviser, under which FIIOC performs the activities associated with the Fund's transfer agency, dividend disbursing and shareholder servicing functions. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements. The transfer agent fee for each class is paid to Citibank. For the period, transfer agent fees for each class were as follows:

	Amount	% of Average Net Assets
New Jersey AMT Tax-Free Money Market	$ 186,516	.10
Institutional Class	139,368	.05
Service Class	36	.05
	$ 325,920

During the period, the investment adviser or its affiliates waived a portion of these fees.

Citibank also has a sub-arrangement with Fidelity Service Company, Inc. (FSC), an affiliate of the investment adviser, under which FSC maintains the Fund's accounting records. The fee is paid to Citibank and is based on the level of average net assets for each month.

5. Expense Reductions.

The investment adviser contractually agreed to reimburse Institutional Class and Service Class to the extent annual operating expenses, expressed as a percentage of each class' average net assets, exceed .20% and .45%, respectively. Some expenses, for example interest expense, are excluded from this reimbursement. During the period, this reimbursement reduced Institutional Class and Service Class expenses by $139,471 and $36, respectively.

Additionally, the investment adviser or its affiliates voluntarily agreed to waive certain fees in order to maintain a minimum annualized yield of ..01%. Such arrangements may be discontinued by the investment adviser at any time. For the period, the amount of the waiver for each class was as follows:

	Amount
New Jersey AMT Tax-Free Money Market	$ 274,852
Institutional Class	127,999
Service Class	201

In addition, through arrangements with the Fund's custodian credits realized as a result of uninvested cash balances were used to reduce the Fund's expenses. During the period, these credits reduced the Fund's expenses by $2,286.

Annual Report

6. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

Years ended November 30,	2013	2012
From net investment income
New Jersey AMT Tax-Free Money Market	$ 18,614	$ 21,813
Institutional Class	30,349	54,429
Service Class	7	7
Total	$ 48,970	$ 76,249
From net realized gain
New Jersey AMT Tax-Free Money Market	$ -	$ 31,506
Institutional Class	-	50,340
Service Class	-	10
Total	$ -	$ 81,856

7. Share Transactions.

Transactions for each class of shares at a $1.00 per share were as follows:

Years ended November 30,	2013	2012
New Jersey AMT Tax-Free Money Market
Shares sold	44,454,435	40,311,655
Reinvestment of distributions	17,334	49,869
Shares redeemed	(62,323,944)	(89,600,094)
Net increase (decrease)	(17,852,175)	(49,238,570)
Institutional Class
Shares sold	15,996,641	29,156,180
Reinvestment of distributions	28,279	98,458
Shares redeemed	(80,215,291)	(83,828,098)
Net increase (decrease)	(64,190,371)	(54,573,460)
Service Class
Reinvestment of distributions	7	17
Net increase (decrease)	7	17

8. Other.

The Fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Fund. In the normal course of business, the Fund may also enter into contracts that provide general indemnifications. The Fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Fund. The risk of material loss from such claims is considered remote.

Annual Report

Report of Independent Registered Public Accounting Firm

To the Trustees of Fidelity Court Street Trust II and the Shareholders of Fidelity New Jersey AMT Tax-Free Money Market Fund:

In our opinion, the accompanying statement of assets and liabilities, including the schedule of investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Fidelity New Jersey AMT Tax-Free Money Market Fund (a fund of Fidelity Court Street Trust II) at November 30, 2013, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended and the financial highlights for each of the five years in the period then ended, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as "financial statements") are the responsibility of the Fidelity New Jersey AMT Tax-Free Money Market Fund's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at November 30, 2013 by correspondence with the custodian and brokers, provide a reasonable basis for our opinion.

PricewaterhouseCoopers LLP

Boston, Massachusetts

January 14, 2014

Annual Report

Trustees and Officers

The Trustees, Member of the Advisory Board, and officers of the trust and fund, as applicable, are listed below. The Board of Trustees governs the fund and is responsible for protecting the interests of shareholders. The Trustees are experienced executives who meet periodically throughout the year to oversee the fund's activities, review contractual arrangements with companies that provide services to the fund, oversee management of the risks associated with such activities and contractual arrangements, and review the fund's performance. Except for James C. Curvey, each of the Trustees oversees 223 funds. Mr. Curvey oversees 396 funds.

The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust. Each Trustee who is not an interested person (as defined in the 1940 Act) of the trust and the fund (Independent Trustee), shall retire not later than the last day of the month in which his or her 75th birthday occurs. The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees. The officers and Advisory Board Member hold office without limit in time, except that any officer and Advisory Board Member may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years.

Experience, Skills, Attributes, and Qualifications of the Fund's Trustees. The Governance and Nominating Committee has adopted a statement of policy that describes the experience, qualifications, attributes, and skills that are necessary and desirable for potential Independent Trustee candidates (Statement of Policy). The Board believes that each Trustee satisfied at the time he or she was initially elected or appointed a Trustee, and continues to satisfy, the standards contemplated by the Statement of Policy. The Governance and Nominating Committee also engages professional search firms to help identify potential Independent Trustee candidates who have the experience, qualifications, attributes, and skills consistent with the Statement of Policy. From time to time, additional criteria based on the composition and skills of the current Independent Trustees, as well as experience or skills that may be appropriate in light of future changes to board composition, business conditions, and regulatory or other developments, have also been considered by the professional search firms and the Governance and Nominating Committee. In addition, the Board takes into account the Trustees' commitment and participation in Board and committee meetings, as well as their leadership of standing and ad hoc committees throughout their tenure.

In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing the fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the fund, is provided below.

Annual Report

Trustees and Officers - continued

Board Structure and Oversight Function. Abigail P. Johnson is an interested person (as defined in the 1940 Act) and currently serves as Chairman. The Trustees have determined that an interested Chairman is appropriate and benefits shareholders because an interested Chairman has a personal and professional stake in the quality and continuity of services provided to the fund. Independent Trustees exercise their informed business judgment to appoint an individual of their choosing to serve as Chairman, regardless of whether the Trustee happens to be independent or a member of management. The Independent Trustees have determined that they can act independently and effectively without having an Independent Trustee serve as Chairman and that a key structural component for assuring that they are in a position to do so is for the Independent Trustees to constitute a substantial majority for the Board. The Independent Trustees also regularly meet in executive session. Albert R. Gamper, Jr. serves as Chairman of the Independent Trustees and as such (i) acts as a liaison between the Independent Trustees and management with respect to matters important to the Independent Trustees and (ii) with management prepares agendas for Board meetings.

Fidelity funds are overseen by different Boards of Trustees. The fund's Board oversees Fidelity's investment-grade bond, money market, and asset allocation funds and another Board oversees Fidelity's equity and high income funds. The asset allocation funds may invest in Fidelity funds that are overseen by such other Board. The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity funds to focus on the unique issues of the funds they oversee, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity funds overseen by each Board.

The Trustees operate using a system of committees to facilitate the timely and efficient consideration of all matters of importance to the Trustees, the fund, and fund shareholders and to facilitate compliance with legal and regulatory requirements and oversight of the fund's activities and associated risks. The Board, acting through its committees, has charged FMR and its affiliates with (i) identifying events or circumstances the occurrence of which could have demonstrably adverse effects on the fund's business and/or reputation; (ii) implementing processes and controls to lessen the possibility that such events or circumstances occur or to mitigate the effects of such events or circumstances if they do occur; and (iii) creating and maintaining a system designed to evaluate continuously business and market conditions in order to facilitate the identification and implementation processes described in (i) and (ii) above. Because the day-to-day operations and activities of the fund are carried out by or through FMR, its affiliates, and other service providers, the fund's exposure to risks is mitigated but not eliminated by the processes overseen by the Trustees. While each of the Board's committees has responsibility for overseeing different aspects of the fund's activities, oversight is exercised primarily through the Operations and Audit Committees. In addition, an ad hoc Board committee of Independent Trustees has worked with FMR to enhance the Board's oversight of investment and financial risks, legal and regulatory risks, technology risks, and operational risks, including the development of additional risk reporting to the Board. The Operations Committee also worked and continues to work with FMR to enhance the stress tests required under SEC regulations for money market funds. Appropriate personnel, including but not limited to the fund's Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the fund's Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of FMR's risk management program for the Fidelity funds. The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Fund's Trustees."

Annual Report

The fund's Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-544-8544.

Interested Trustees*:

Correspondence intended for each Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupations and Other Relevant Experience⁺
James C. Curvey (1935)
Year of Election or Appointment: 2008 Trustee
	Mr. Curvey also serves as Trustee of other Fidelity funds. Mr. Curvey is a Director of Fidelity Investments Money Management, Inc. (2009-present), Director of Fidelity Research & Analysis Co. (2009-present) and Director of FMR and FMR Co., Inc. (2007-present). Mr. Curvey is also Vice Chairman (2007-present) and Director of FMR LLC. In addition, Mr. Curvey serves as an Overseer for the Boston Symphony Orchestra and a member of the Trustees of Villanova University. Previously, Mr. Curvey was the Vice Chairman (2006-2007) and Director (2000-2007) of FMR Corp.
Abigail P. Johnson (1961)
Year of Election or Appointment: 2009 Trustee Chairman of the Board of Trustees
	Ms. Johnson also serves as Trustee of other Fidelity funds. Ms. Johnson serves as President of FMR LLC (2013-present), President of Fidelity Financial Services (2012-present) and President of Personal, Workplace and Institutional Services (2005-present). Ms. Johnson is Chairman and Director of FMR Co., Inc. (2011-present), Chairman and Director of FMR (2011-present), and the Vice Chairman and Director (2007-present) of FMR LLC. Previously, Ms. Johnson served as President and a Director of FMR (2001-2005), a Trustee of other investment companies advised by FMR, Fidelity Investments Money Management, Inc., and FMR Co., Inc. (2001-2005), Senior Vice President of the Fidelity funds (2001-2005), and managed a number of Fidelity funds. Ms. Abigail P. Johnson and Mr. Arthur E. Johnson are not related.

* Trustees have been determined to be "Interested Trustees" by virtue of, among other things, their affiliation with the trust or various entities under common control with FMR.

⁺ The information above includes each Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to each Trustee's qualifications to serve as a Trustee, which led to the conclusion that each Trustee should serve as a Trustee for the fund.

Annual Report

Independent Trustees:

Correspondence intended for each Independent Trustee (that is, the Trustees other than the Interested Trustees) may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.

Name, Year of Birth; Principal Occupations and Other Relevant Experience⁺
Albert R. Gamper, Jr. (1942)
Year of Election or Appointment: 2006 Trustee Chairman of the Independent Trustees
	Mr. Gamper also serves as Trustee of other Fidelity funds. Prior to his retirement in December 2004, Mr. Gamper served as Chairman of the Board of CIT Group Inc. (commercial finance). During his tenure with CIT Group Inc. Mr. Gamper served in numerous senior management positions, including Chairman (1987-1989; 1999-2001; 2002-2004), Chief Executive Officer (1987-2004), and President (2002-2003). Mr. Gamper currently serves as a member of the Board of Directors of Public Service Enterprise Group (utilities, 2000-present), a member of the Board of Trustees, Rutgers University (2004-present), and Chairman of the Board of Barnabas Health Care System. Previously, Mr. Gamper served as Vice Chairman of the Independent Trustees of certain Fidelity funds (2011-2012) and as Chairman of the Board of Governors, Rutgers University (2004-2007).
Robert F. Gartland (1951)
Year of Election or Appointment: 2010 Trustee
	Mr. Gartland also serves as Trustee of other Fidelity funds. Mr. Gartland is Chairman and an investor in Gartland and Mellina Group Corp. (consulting, 2009-present). Previously, Mr. Gartland served as a partner and investor of Vietnam Partners LLC (investments and consulting, 2008-2011). Prior to his retirement, Mr. Gartland held a variety of positions at Morgan Stanley (financial services, 1979-2007) including Managing Director (1987-2007).
Arthur E. Johnson (1947)
Year of Election or Appointment: 2008 Trustee
	Mr. Johnson also serves as Trustee of other Fidelity funds. Mr. Johnson serves as a member of the Board of Directors of Eaton Corporation (diversified power management, 2009-present), AGL Resources, Inc. (holding company, 2002-present) and Booz Allen Hamilton (management consulting, 2011-present). Prior to his retirement, Mr. Johnson served as Senior Vice President of Corporate Strategic Development of Lockheed Martin Corporation (defense contractor, 1999-2009). He previously served on the Board of Directors of IKON Office Solutions, Inc. (1999-2008) and Delta Airlines (2005-2007). Mr. Arthur E. Johnson is not related to Ms. Abigail P. Johnson.
Michael E. Kenneally (1954)
Year of Election or Appointment: 2009 Trustee
	Mr. Kenneally also serves as Trustee of other Fidelity funds. Mr. Kenneally served as a Member of the Advisory Board for certain Fidelity funds before joining the Board of Trustees (2008-2009). Prior to his retirement, Mr. Kenneally served as Chairman and Global Chief Executive Officer of Credit Suisse Asset Management. Before joining Credit Suisse, he was an Executive Vice President and Chief Investment Officer for Bank of America Corporation. Earlier roles at Bank of America included Director of Research, Senior Portfolio Manager and Research Analyst, and Mr. Kenneally was awarded the Chartered Financial Analyst (CFA) designation in 1991.
James H. Keyes (1940)
Year of Election or Appointment: 2007 Trustee
	Mr. Keyes also serves as Trustee of other Fidelity funds. Mr. Keyes serves as a member of the Board and Non-Executive Chairman of Navistar International Corporation (manufacture and sale of trucks, buses, and diesel engines, since 2002). Previously, Mr. Keyes served as a member of the Board of Pitney Bowes, Inc. (integrated mail, messaging, and document management solutions, 1998-2013). Prior to his retirement, Mr. Keyes served as Chairman (1993-2002) and Chief Executive Officer (1988-2002) of Johnson Controls (automotive, building, and energy) and as a member of the Board of LSI Logic Corporation (semiconductor technologies, 1984-2008).
Marie L. Knowles (1946)
Year of Election or Appointment: 2001 Trustee Vice Chairman of the Independent Trustees
	Ms. Knowles also serves as Trustee of other Fidelity funds. Prior to Ms. Knowles' retirement in June 2000, she served as Executive Vice President and Chief Financial Officer of Atlantic Richfield Company (ARCO) (diversified energy, 1996-2000). From 1993 to 1996, she was a Senior Vice President of ARCO and President of ARCO Transportation Company. She served as a Director of ARCO from 1996 to 1998. Ms. Knowles currently serves as a Director and Chairman of the Audit Committee of McKesson Corporation (healthcare service, since 2002). Ms. Knowles is a member of the Board of the Catalina Island Conservancy and of the Santa Catalina Island Company (2009-present). She also serves as a member of the Advisory Board for the School of Engineering of the University of Southern California. Previously, Ms. Knowles served as a Director of Phelps Dodge Corporation (copper mining and manufacturing, 1994-2007), URS Corporation (engineering and construction, 2000-2003) and America West (airline, 1999-2002).
Kenneth L. Wolfe (1939)
Year of Election or Appointment: 2005 Trustee
	Mr. Wolfe also serves as Trustee of other Fidelity funds. Prior to his retirement, Mr. Wolfe served as Chairman and a Director (2007-2009) and Chairman and Chief Executive Officer (1994-2001) of Hershey Foods Corporation. He also served as a member of the Boards of Adelphia Communications Corporation (telecommunications, 2003-2006), Bausch & Lomb, Inc. (medical/pharmaceutical, 1993-2007), and Revlon, Inc. (personal care products, 2004-2009). Mr. Wolfe previously served as Chairman of the Independent Trustees of other Fidelity funds (2008-2012).

Annual Report

Trustees and Officers - continued

Advisory Board Member and Officers:

Correspondence intended for Elizabeth S. Acton may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235. Correspondence intended for each officer may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210. Officers appear below in alphabetical order.

Name, Year of Birth; Principal Occupation
Elizabeth S. Acton (1951)
Year of Election or Appointment: 2013 Member of the Advisory Board
	Ms. Acton also serves as Trustee or Member of the Advisory Board of other Fidelity funds. Prior to her retirement in April 2012, Ms. Acton was Executive Vice President, Finance (2011-2012), Executive Vice President, Chief Financial Officer (2002-2011), and Treasurer (2004-2005) of Comerica Incorporated (financial services). Prior to joining Comerica, Ms. Acton held a variety of positions at Ford Motor Company (1983-2002), including Vice President and Treasurer (2000-2002) and Executive Vice President and Chief Financial Officer of Ford Motor Credit Company (1998-2000). Ms. Acton currently serves as a member of the Board of Directors and Audit and Finance Committees of Beazer Homes USA, Inc. (homebuilding, 2012-present).
Elizabeth Paige Baumann (1968)
Year of Election or Appointment: 2012 Anti-Money Laundering (AML) Officer
	Ms. Baumann also serves as AML Officer of other funds. She is Chief AML Officer of FMR LLC (2012-present) and is an employee of Fidelity Investments. Previously, Ms. Baumann served as Vice President and Deputy Anti-Money Laundering Officer (2007-2012).
Marc Bryant (1966)
Year of Election or Appointment: 2013 Assistant Secretary
	Mr. Bryant also serves as an officer of other funds. He is Senior Vice President and Deputy General Counsel of FMR LLC. Prior to joining Fidelity Investments, Mr. Bryant served as a Senior Vice President and the Head of Global Retail Legal for AllianceBernstein L.P. (2006-2010), and as the General Counsel for ProFund Advisors LLC (2001-2006).
Jonathan Davis (1968)
Year of Election or Appointment: 2010 Assistant Treasurer
	Mr. Davis also serves as Assistant Treasurer of other funds. Mr. Davis is an employee of Fidelity Investments. Previously, Mr. Davis served as Vice President and Associate General Counsel of FMR LLC (2003-2010).
Adrien E. Deberghes (1967)
Year of Election or Appointment: 2010 Assistant Treasurer
	Mr. Deberghes also serves as an officer of other funds. He is an employee of Fidelity Investments (2008-present). Prior to joining Fidelity Investments, Mr. Deberghes was Senior Vice President of Mutual Fund Administration at State Street Corporation (2007-2008), Senior Director of Mutual Fund Administration at Investors Bank & Trust (2005-2007), and Director of Finance for Dunkin' Brands (2000-2005).
Stephanie J. Dorsey (1969)
Year of Election or Appointment: 2013 President and Treasurer
	Ms. Dorsey also serves as an officer of other funds. She is an employee of Fidelity Investments (2008-present) and has served in other fund officer roles. Prior to joining Fidelity Investments, Ms. Dorsey served as Treasurer (2004-2008) of the JPMorgan Mutual Funds and Vice President (2004-2008) of JPMorgan Chase Bank.
Scott C. Goebel (1968)
Year of Election or Appointment: 2008 Secretary and Chief Legal Officer (CLO)
	Mr. Goebel serves as Secretary and CLO of other funds. Mr. Goebel also serves as Secretary of Fidelity Investments Money Management, Inc. (FIMM) (2010-present) and Fidelity Research and Analysis Company (FRAC) (2010-present); General Counsel, Secretary, and Senior Vice President of FMR (2008-present) and FMR Co., Inc. (2008-present); Chief Legal Officer of Fidelity Management & Research (Hong Kong) Limited (2008-present) and Assistant Secretary of Fidelity Management & Research (Japan) Inc. (2008-present), and Fidelity Management & Research (U.K.) Inc. (2008-present). Previously, Mr. Goebel served as Secretary and CLO of other Fidelity funds (2008-2013), Assistant Secretary of FIMM (2008-2010), FRAC (2008-2010), and certain funds (2007-2008); and as Vice President and Secretary of Fidelity Distributors Corporation (FDC) (2005-2007). Mr. Goebel has been employed by FMR LLC or an affiliate since 2001.
Chris Maher (1972)
Year of Election or Appointment: 2013 Assistant Treasurer
	Mr. Maher serves as Assistant Treasurer of other funds. Mr. Maher is Vice President of Valuation Oversight and is an employee of Fidelity Investments. Previously, Mr. Maher served as Vice President of Asset Management Compliance (2013), Vice President of FMR's Program Management Group (2010-2013), and Vice President of Valuation Oversight (2008-2010).
Charles S. Morrison (1960)
Year of Election or Appointment: 2012 Vice President
	Mr. Morrison also serves as Vice President of other funds. He serves as President, Fixed Income and is an employee of Fidelity Investments. Previously, Mr. Morrison served as Vice President of Fidelity's Money Market Funds (2005-2009), President, Money Market Group Leader of FMR (2009), and Senior Vice President, Money Market Group of FMR (2004-2009). Mr. Morrison also served as Vice President of Fidelity's Bond Funds (2002-2005), certain Balanced Funds (2002-2005), and certain Asset Allocation Funds (2002-2007), and as Senior Vice President (2002-2005) of Fidelity's Fixed Income Division.
Nancy D. Prior (1967)
Year of Election or Appointment: 2012 Vice President of Fidelity's Money Market Funds
	Ms. Prior also serves as Vice President of other funds. Ms. Prior serves as President, Money Market Group of FMR (2011-present) and is an employee of Fidelity Investments (2002-present). Previously, Ms. Prior served as Managing Director of Research (2009-2011), Senior Vice President and Deputy General Counsel (2007-2009), and Assistant Secretary of other Fidelity funds (2008-2009).
Christine Reynolds (1958)
Year of Election or Appointment: 2008 Chief Financial Officer
	Ms. Reynolds also serves as Chief Financial Officer of other funds. Ms. Reynolds became President of Fidelity Pricing and Cash Management Services (FPCMS) in August 2008. Ms. Reynolds served as Chief Operating Officer of FPCMS (2007-2008). Previously, Ms. Reynolds served as President, Treasurer, and Anti-Money Laundering officer of the Fidelity funds (2004-2007).
Kenneth B. Robins (1969)
Year of Election or Appointment: 2009 Assistant Treasurer
	Mr. Robins also serves as an officer of other funds. Mr. Robins serves as Executive Vice President of Fidelity Investments Money Management, Inc. (FIMM) (2013-present) and is an employee of Fidelity Investments (2004-present). Previously, Mr. Robins served in other fund officer roles.
Gary W. Ryan (1958)
Year of Election or Appointment: 2005 Assistant Treasurer
	Mr. Ryan also serves as Assistant Treasurer of other funds. Mr. Ryan is an employee of Fidelity Investments and has served in other fund officer roles. Previously, Mr. Ryan served as Vice President of Fund Reporting in Fidelity Pricing and Cash Management Services (FPCMS) (1999-2005).
Stephen Sadoski (1971)
Year of Election or Appointment: 2013 Deputy Treasurer
	Mr. Sadoski also serves as Deputy Treasurer of other funds. He is an employee of Fidelity Investments (2012-present) and has served in another fund officer role. Prior to joining Fidelity Investments, Mr. Sadoski served as an assistant chief accountant in the Division of Investment Management of the Securities and Exchange Commission (SEC) (2009-2012) and as a senior manager at Deloitte & Touche LLP (1997-2009).
Stacie M. Smith (1974)
Year of Election or Appointment: 2013 Assistant Treasurer
	Ms. Smith also serves as an officer of other funds. She is an employee of Fidelity Investments (2009-present) and has served in other fund officer roles. Prior to joining Fidelity Investments, Ms. Smith served as Senior Audit Manager of Ernst & Young LLP (1996-2009).
Renee Stagnone (1975)
Year of Election or Appointment: 2013 Deputy Treasurer
	Ms. Stagnone also serves as Deputy Treasurer of other funds. Ms. Stagnone is an employee of Fidelity Investments.
Michael H. Whitaker (1967)
Year of Election or Appointment: 2008 Chief Compliance Officer
	Mr. Whitaker also serves as Chief Compliance Officer of other funds. Mr. Whitaker is an employee of Fidelity Investments (2007-present). Prior to joining Fidelity Investments, Mr. Whitaker worked at MFS Investment Management where he served as Senior Vice President and Chief Compliance Officer (2004-2006), and Assistant General Counsel.
Joseph F. Zambello (1957)
Year of Election or Appointment: 2011 Deputy Treasurer
	Mr. Zambello also serves as Deputy Treasurer of other funds. Mr. Zambello is an employee of Fidelity Investments. Previously, Mr. Zambello served as Vice President of FMR's Program Management Group (2009-2011) and Vice President of the Transfer Agent Oversight Group (2005-2009).

Annual Report

Distributions (Unaudited)

During fiscal year ended 2013, 100% of the fund's income dividends was free from federal income tax.

The fund will notify shareholders in January 2014 of amounts for use in preparing 2013 income tax returns.

Annual Report

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity New Jersey AMT Tax-Free Money Market Fund

Each year, the Board of Trustees, including the Independent Trustees (together, the Board), votes on the renewal of the management contract with Fidelity Management & Research Company (FMR) and the sub-advisory agreements (together, the Advisory Contracts) for the fund. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, requests and considers a broad range of information relevant to the renewal of the Advisory Contracts throughout the year.

The Board meets regularly and, at each of its meetings, covers an extensive agenda of topics and materials and considers factors that are relevant to its annual consideration of the renewal of the fund's Advisory Contracts, including the services and support provided to the fund and its shareholders. The Board has established four standing committees, Operations, Audit, Fair Valuation, and Governance and Nominating, each composed of and chaired by Independent Trustees with varying backgrounds, to which the Board has assigned specific subject matter responsibilities in order to enhance effective decision-making by the Board. The Operations Committee, of which all of the Independent Trustees are members, meets regularly throughout the year and, among other matters, considers matters specifically related to the annual consideration of the renewal of the fund's Advisory Contracts. The Board, acting directly and through its Committees, requests and receives information concerning the annual consideration of the renewal of the fund's Advisory Contracts. The Board also meets as needed to consider matters specifically related to the Board's annual consideration of the renewal of Advisory Contracts. Members of the Board may also meet with trustees of other Fidelity funds through ad hoc joint committees to discuss certain matters relevant to the Fidelity funds.

At its September 2013 meeting, the Board, including the Independent Trustees, unanimously determined to renew the fund's Advisory Contracts. In reaching its determination, the Board considered all factors it believed relevant, including (i) the nature, extent, and quality of the services to be provided to the fund and its shareholders (including the investment performance of the fund); (ii) the competitiveness of the fund's management fee and total expense ratio relative to peer funds; (iii) the total costs of the services to be provided by and the profits to be realized by Fidelity from its relationship with the fund; (iv) the extent to which economies of scale exist and would be realized as the fund grows; and (v) whether fee levels reflect these economies of scale, if any, for the benefit of fund shareholders.

In considering whether to renew the Advisory Contracts for the fund, the Board reached a determination, with the assistance of fund counsel and Independent Trustees' counsel and through the exercise of its business judgment, that the renewal of the Advisory Contracts was in the best interests of the fund and its shareholders and that the compensation payable under the Advisory Contracts was fair and reasonable. The Board's decision to renew the Advisory Contracts was not based on any single factor, but rather was based on a comprehensive consideration of all the information provided to the Board at its meetings throughout the year. The Board, in reaching its determination to renew the Advisory Contracts, was aware that shareholders in the fund have a broad range of investment choices available to them, including a wide choice among mutual funds offered by Fidelity's competitors, and that the fund's shareholders, who have the opportunity to review and weigh the disclosure provided by the fund in its prospectus and other public disclosures, have chosen to invest in this fund, which is part of the Fidelity family of funds.

Annual Report

Nature, Extent, and Quality of Services Provided. The Board considered Fidelity's staffing as it relates to the fund, including the backgrounds of investment personnel of FMR and the sub-advisers (together, the Investment Advisers), and also considered the fund's investment objective, strategies, and related investment philosophy. The Independent Trustees also had discussions with senior management of Fidelity's investment operations and investment groups. The Board considered the structure of the portfolio manager compensation program and whether this structure provides appropriate incentives to act in the best interests of the fund.

Resources Dedicated to Investment Management and Support Services. The Board reviewed the general qualifications and capabilities of Fidelity's investment staff, including its size, education, experience, and resources, as well as Fidelity's approach to recruiting, managing, and compensating investment personnel. The Board noted that Fidelity has continued to increase the resources devoted to non-U.S. offices, including expansion of Fidelity's global investment organization. The Board also noted that Fidelity's analysts have extensive resources, tools and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board believes that Fidelity's investment professionals have sufficient access to global information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, as well as to transmit new information and research conclusions rapidly around the world. Additionally, in its deliberations, the Board considered Fidelity's trading and risk management capabilities and resources, which are an integral part of the investment management process.

Shareholder and Administrative Services. The Board considered (i) the nature, extent, quality, and cost of advisory, administrative, and shareholder services performed by the Investment Advisers and their affiliates under the Advisory Contracts and under separate agreements covering transfer agency and pricing and bookkeeping services for the fund; (ii) the nature and extent of the supervision of third party service providers, principally custodians and subcustodians; and (iii) the resources devoted to, and the record of compliance with, the fund's compliance policies and procedures.

Annual Report

Board Approval of Investment Advisory Contracts and
Management Fees - continued

The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value or convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information through telephone representatives and over the Internet, investor education materials and asset allocation tools, and the expanded availability of Fidelity Investor Centers.

Investment in a Large Fund Family. The Board considered the benefits to shareholders of investing in a Fidelity fund, including the benefits of investing in a fund that is part of a large family of funds offering a variety of investment disciplines and providing a large variety of mutual fund investor services. The Board noted that Fidelity had taken, or had made recommendations that resulted in the Fidelity funds taking, a number of actions over the previous year that benefited particular funds, including (i) continuing to dedicate additional resources to investment research and to the support of the senior management team that oversees asset management; (ii) persisting in efforts to enhance Fidelity's global research capabilities; (iii) launching new funds and making other enhancements to meet client needs for global and income-oriented solutions; (iv) continuing to launch dedicated lower cost underlying funds to meet portfolio construction needs related to expanding underlying fund options for Fidelity funds of funds, specifically for the Freedom Fund product lines; (v) rationalizing product lines and gaining increased efficiencies through the combination of several funds with other funds; (vi) strengthening Fidelity's index fund offerings by reducing investment minimums and adopting or lowering existing expense caps for certain funds and classes; (vii) enhancing Global Asset Allocation product offerings by launching new funds and strategies, including "open architecture" target date funds that utilize affiliated and unaffiliated sub-advisers; (viii) modifying the eligibility criteria for Institutional Class shares of Advisor funds to increase their marketability to a portion of the defined contribution plan market; (ix) creating a new low-cost retirement share class for certain Advisor funds to appeal to large retirement plans; (x) transitioning the management of certain Fidelity commodity funds to Geode Capital Management LLC, a registered commodity pool operator, while retaining administrative responsibilities for the funds; and (xi) taking steps toward establishing a new Fidelity adviser to manage sector-based funds and products.

Investment Performance. The Board considered whether the fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions and its performance history.

The Board took into account discussions with the Investment Advisers about fund investment performance that occur at Board meetings throughout the year. In this regard the Board noted that as part of regularly scheduled fund reviews and other reports to the Board on fund performance, the Board periodically considers annualized return information for the fund for different time periods, measured against a peer group of mutual funds with similar objectives ("peer group"). In its evaluation of fund investment performance at meetings throughout the year, the Board gave particular attention to information indicating underperformance of certain Fidelity funds for specific time periods and the Investment Advisers' explanations for such underperformance.

Annual Report

The Board recognizes that in interest rate environments where many competitors waive fees to maintain a minimum yield, relative money market fund performance on a net basis (after fees and expenses) may not be particularly meaningful due to miniscule performance differences among competitor funds. Depending on the circumstances, the Independent Trustees may be satisfied with a fund's performance notwithstanding that it lags its peer group for certain periods.

The Independent Trustees recognize that shareholders evaluate performance on a net basis over their own holding periods, for which one-, three-, and five-year periods are often used as a proxy. For this reason, the performance information reviewed by the Board also included net cumulative calendar year total return information for the fund and an appropriate peer group for the most recent one-, three-, and five-year periods.

Based on its review, the Board concluded that the nature, extent, and quality of services provided to the fund under the Advisory Contracts should benefit the fund's shareholders.

Competitiveness of Management Fee and Total Expense Ratio. The Board considered the fund's management fee and total expense ratio compared to "mapped groups" of competitive funds and classes. Fidelity creates "mapped groups" by combining similar Lipper investment objective categories that have comparable investment mandates. Combining Lipper investment objective categories aids the Board's management fee and total expense ratio comparisons by broadening the competitive group used for comparison and by reducing the number of universes to which various Fidelity funds are compared.

Management Fee. The Board considered two proprietary management fee comparisons for the 12-month periods shown in the chart below. The group of Lipper funds used by the Board for management fee comparisons is referred to below as the "Total Mapped Group" and, for the reasons explained above, is broader than the Lipper peer group used by the Board for performance comparisons. The Total Mapped Group comparison focuses on a fund's standing in terms of gross management fees before expense reimbursements or caps relative to the total universe of funds with comparable investment mandates, regardless of whether their management fee structures also are comparable. "TMG %" represents the percentage of funds in the Total Mapped Group that had management fees that were lower than the fund's. For example, a hypothetical TMG % of 50% would mean that half of the funds in the Total Mapped Group had higher, and half had lower, management fees than the fund. The fund's actual TMG %s are in the chart below. The "Asset-Size Peer Group" (ASPG) comparison focuses on a fund's standing relative to a subset of non-Fidelity funds within the Total Mapped Group that are similar in size and management fee structure. For example, if a fund is in the first quartile of the ASPG, the fund's management fee ranks in the least expensive or lowest 25% of funds in the ASPG. The ASPG represents at least 15% of the funds in the Total Mapped Group with comparable asset size and management fee structures, subject to a minimum of 50 funds (or all funds in the Total Mapped Group if fewer than 50). Additional information, such as the ASPG quartile in which the fund's management fee rate ranked, is also included in the chart and considered by the Board. Because the vast majority of competitor funds' management fees do not cover non-management expenses, for a more meaningful comparison of management fees, the fund is compared on the basis of a hypothetical "net management fee," which is derived by subtracting payments made by FMR for "fund-level" non-management expenses (including pricing and bookkeeping fees and fees paid to non-affiliated custodians) from the fund's management fee. In this regard, the Board considered that net management fees can vary from year to year because of differences in "fund-level" non-management expenses. The Board noted, however, that FMR does not pay transfer agent fees or other "class-level" expenses (including 12b-1 fees, if applicable) under the fund's management contract.

Annual Report

Board Approval of Investment Advisory Contracts and
Management Fees - continued

Fidelity New Jersey AMT Tax-Free Money Market Fund

Annual Report

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The Board noted that the fund's hypothetical net management fee rate ranked below the median of its Total Mapped Group and below the median of its ASPG for 2012.

Based on its review, the Board concluded that the fund's management fee is fair and reasonable in light of the services that the fund receives and the other factors considered.

Total Expense Ratio. In its review of each class's total expense ratio, the Board considered the fund's hypothetical net management fee as well as the fund's gross management fee. The Board also considered other "fund-level" expenses, such as pricing and bookkeeping fees and custodial, legal, and audit fees. The Board also considered other "class-level" expenses, such as transfer agent fees and fund-paid 12b-1 fees. The Board also noted the effects of any waivers and reimbursements on fees and expenses. As part of its review, the Board also considered the current and historical total expense ratios of each class of the fund compared to competitive fund median expenses. Each class of the fund is compared to those funds and classes in the Total Mapped Group (used by the Board for management fee comparisons) that have a similar sales load structure.

The Board noted that the total expense ratio of Institutional Class ranked below its competitive median for 2012 and the total expense ratio of each of retail class and Service Class ranked equal to its competitive median for 2012.

The Board considered that the current contractual arrangements for the fund (i) have the effect of setting the total "fund-level" expenses (including, among certain other expenses, the management fee) for each class at 0.20%, (ii) limit the total expenses, with certain exceptions, of the retail class to 0.35%, and (iii) limit the total expenses, with certain exceptions, of Institutional Class and Service Class to 0.20% and 0.45%, respectively. The fees and expenses payable under these contractual arrangements may not be increased without the approval of the Board and, in the case of (i) and (ii), the shareholders of the applicable class.

Annual Report

Board Approval of Investment Advisory Contracts and
Management Fees - continued

The Board considered that Fidelity has been voluntarily waiving part or all of the 12b-1 fees, transfer agent fees, and/or management fees to maintain a minimum yield, and also noted that Fidelity retains the ability to be repaid in certain circumstances.

Fees Charged to Other Fidelity Clients. The Board also considered Fidelity fee structures and other information with respect to clients of Fidelity, such as other mutual funds advised or subadvised by Fidelity, pension plan clients, and other institutional clients. The Board noted the findings of the 2013 ad hoc joint committee (created with the board of other Fidelity funds), which reviewed and compared Fidelity's institutional investment advisory business with its business of providing services to the Fidelity funds, including the differences in services provided, fees charged, and costs incurred, as well as competition in their respective marketplaces.

Based on its review of total expense ratios and fees charged to other Fidelity clients, the Board concluded that the total expense ratio of each class of the fund was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.

Costs of the Services and Profitability. The Board considered the revenues earned and the expenses incurred by Fidelity in conducting the business of developing, marketing, distributing, managing, administering and servicing the fund and servicing the fund's shareholders. The Board also considered the level of Fidelity's profits in respect of all the Fidelity funds.

On an annual basis, Fidelity presents to the Board Fidelity's profitability for the fund. Fidelity calculates the profitability for each fund, as well as aggregate profitability for groups of Fidelity funds and all Fidelity funds, using a series of detailed revenue and cost allocation methodologies which originate with the books and records of Fidelity on which Fidelity's audited financial statements are based. The Audit Committee of the Board reviews any significant changes from the prior year's methodologies.

PricewaterhouseCoopers LLP (PwC), independent registered public accounting firm and auditor to Fidelity and certain Fidelity funds, has been engaged annually by the Board as part of the Board's assessment of Fidelity's profitability analysis. PwC's engagement includes the review and assessment of the methodologies used by Fidelity in determining the revenues and expenses attributable to Fidelity's mutual fund business, and completion of agreed-upon procedures surrounding the mathematical accuracy of fund profitability and its conformity to allocation methodologies. After considering PwC's reports issued under the engagement and information provided by Fidelity, the Board concluded that while other allocation methods may also be reasonable, Fidelity's profitability methodologies are reasonable in all material respects.

Annual Report

The Board also reviewed Fidelity's non-fund businesses and fall-out benefits related to the mutual fund business as well as cases where Fidelity's affiliates may benefit from or be related to the fund's business.

The Board considered the costs of the services provided by and the profits realized by Fidelity in connection with the operation of the fund and was satisfied that the profitability was not excessive in the circumstances.

Economies of Scale. The Board considered whether there have been economies of scale in respect of the management of the Fidelity funds, whether the Fidelity funds (including the fund) have appropriately benefited from any such economies of scale, and whether there is potential for realization of any further economies of scale. The Board considered the extent to which the fund will benefit from economies of scale through increased services to the fund, through waivers or reimbursements, or through fee or expense reductions. The Board also noted that in 2009, it and the board of other Fidelity funds created an ad hoc committee (the Economies of Scale Committee) to analyze whether Fidelity attains economies of scale in respect of the management and servicing of the Fidelity funds, whether the Fidelity funds have appropriately benefited from such economies of scale, and whether there is potential for realization of any further economies of scale.

The Board concluded, taking into account the analysis of the Economies of Scale Committee, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity.

Additional Information Requested by the Board. In order to develop fully the factual basis for consideration of the Fidelity funds' Advisory Contracts, the Board requested and received additional information on certain topics, including: (i) Fidelity's fund profitability methodology, profitability trends for certain funds, and the impact of certain factors on fund profitability results; (ii) portfolio manager changes that have occurred during the past year and the amount of the investment that each portfolio manager has made in the Fidelity fund(s) that he or she manages; (iii) Fidelity's compensation structure for portfolio managers, research analysts, and other key personnel, including its effects on fund profitability, the rationale for the compensation structure, and the extent to which current market conditions have affected retention and recruitment; (iv) the arrangements with and compensation paid to certain fund sub-advisers on behalf of the Fidelity funds; (v) Fidelity's fee structures, including the group fee structure and definition of group assets, and the rationale for recommending different fees among different categories of funds and classes; (vi) Fidelity's voluntary waiver of its fees to maintain minimum yields for certain money market funds and classes as well as contractual waivers in place for certain funds; (vii) the methodology with respect to competitive fund data and peer group classifications; (viii) Fidelity's transfer agent fee, expense, and service structures for different funds and classes, and the impact of the increased use of omnibus accounts; and (ix) explanations regarding the relative total expense ratios of certain funds and classes, total expense competitive trends and methodologies for total expense competitive comparisons, and actions that might be taken by Fidelity to reduce total expense ratios for certain funds and classes or to achieve further economies of scale.

Annual Report

Board Approval of Investment Advisory Contracts and
Management Fees - continued

Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board ultimately concluded that the advisory fee structures are fair and reasonable, and that the fund's Advisory Contracts should be renewed.

Annual Report

Investment Adviser

Fidelity Management & Research Company
Boston, MA

Investment Sub-Advisers

Fidelity Investments
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(U.K.) Inc.

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(Japan) Inc.

General Distributor

Fidelity Distributors Corporation

Smithfield, RI

Transfer and Service Agents

Citibank, N.A.

New York, NY

Fidelity Investments Institutional
Operations Company, Inc.

Boston, MA

Fidelity Service Company, Inc.

Boston, MA

Custodian

Citibank, N.A.

New York, NY

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SNJ-UANN-0114
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Fidelity®

New Jersey
Municipal Income Fund

and

Fidelity
New Jersey Municipal
Money Market Fund

Annual Report

November 30, 2013

(Fidelity Cover Art)

Shareholder Expense Example	(Click Here)	An example of shareholder expenses.
Fidelity® New Jersey Municipal Income Fund
Performance	(Click Here)	How the fund has done over time.
Management's Discussion of Fund Performance	(Click Here)	The Portfolio Manager's review of fund performance and strategy.
Investment Changes	(Click Here)	A summary of major shifts in the fund's investments over the past six months.
Investments	(Click Here)	A complete list of the fund's investments with their market values.
Financial Statements	(Click Here)	Statements of assets and liabilities, operations, and changes in net assets, as well as financial highlights.
Fidelity New Jersey Municipal Money Market Fund
Investment Changes/ Performance	(Click Here)	A summary of major shifts in the fund's investments over the past six months and one year.
Investments	(Click Here)	A complete list of the fund's investments.
Financial Statements	(Click Here)	Statements of assets and liabilities, operations, and changes in net assets, as well as financial highlights.
Notes	(Click Here)	Notes to the Financial Statements.
Report of Independent Registered Public Accounting Firm	(Click Here)
Trustees and Officers	(Click Here)
Distributions	(Click Here)
Board Approval of Investment Advisory Contracts and Management Fees	(Click Here)

To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov. You may also call 1-800-544-8544 to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

Annual Report

This report and the financial statements contained herein are submitted for the general information of the shareholders of the funds. This report is not authorized for distribution to prospective investors in the funds unless preceded or accompanied by an effective prospectus.

NOT FDIC INSURED • MAY LOSE VALUE • NO BANK GUARANTEE

Neither the funds nor Fidelity Distributors Corporation is a bank.

Annual Report

Shareholder Expense Example

As a shareholder of a Fund, you incur two types of costs: (1) transaction costs, including redemption fees and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (June 1, 2013 to November 30, 2013).

Actual Expenses

The first line of the accompanying table for each fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, each Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table for each fund provides information about hypothetical account values and hypothetical expenses based on a fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, each Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Annual Report

	Annualized Expense Ratio ^B	Beginning Account Value June 1, 2013	Ending Account Value November 30, 2013	Expenses Paid During Period* June 1, 2013 to November 30, 2013
Fidelity New Jersey Municipal Income Fund	.47%
Actual		$ 1,000.00	$ 971.10	$ 2.32
Hypothetical ^A		$ 1,000.00	$ 1,022.71	$ 2.38
Fidelity New Jersey Municipal Money Market Fund	.13%
Actual		$ 1,000.00	$ 1,000.05	$ .65
Hypothetical^A		$ 1,000.00	$ 1,024.42	$ .66

^A 5% return per year before expenses

^B Annualized expense ratio reflects expenses net of applicable fee waivers.

* Expenses are equal to each Fund's annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/365 (to reflect the one-half year period).

Annual Report

Fidelity® New Jersey Municipal Income Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of the fund's distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The $10,000 table and the fund's returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund's total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended November 30, 2013	Past 1 year	Past 5 years	Past 10 years
Fidelity® New Jersey Municipal Income Fund	-3.94%	5.42%	4.00%

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity New Jersey Municipal Income Fund on November 30, 2003. The chart shows how the value of your investment would have changed, and also shows how the Barclays® Municipal Bond Index performed over the same period.

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Annual Report

Fidelity New Jersey Municipal Income Fund

Management's Discussion of Fund Performance

Market Recap: Speculation that the Federal Reserve could begin tapering its monetary stimulus program, along with the credit challenges of some high-profile issuers, weighed on municipal bonds during the 12-month period ending November 30, 2013. As a result, the Barclays® Municipal Bond Index returned -3.51% for the period. The muni market was relatively steady from December 2012 through April 2013, as interest rates remained range-bound and state tax revenues rose. But from May through August, the market came under severe pressure when U.S. bonds of all types sold off as the Fed hinted it might curtail its purchases of government bonds, stoking fears of higher interest rates. In addition, the isolated difficulties of a few prominent muni issuers - Puerto Rico with its stagnant economy, Detroit with its shrinking population and filing for bankruptcy protection, and Illinois with overwhelming unfunded pension obligations - prompted investors to sell muni bonds. Munis regained some momentum in September and October, after the Fed surprised market participants by delaying the end of its stimulus program, suggesting rates might not move higher in the near future. Although a few key muni issuers continued to face challenges, the overall market benefited from strengthening underlying credit fundamentals, most notably state revenue gains, as the period came to a close.

Comments from Jamie Pagliocco, Portfolio Manager of Fidelity® New Jersey Municipal Income Fund: For the year, the fund returned -3.94%, while the Barclays New Jersey Enhanced Modified Municipal Bond Index returned -2.99%. The fund's holdings in Puerto Rico bonds, which are free from federal income taxes nationwide, detracted from performance versus the Barclays index. They substantially lagged the New Jersey and broader municipal markets, suffering steep declines in the summer following the financial challenges facing the commonwealth. Also working against us was our "barbell" stance regarding maturity positioning, meaning that investments were concentrated in short- and long-term bonds, and underweighted in bonds with maturities between those two ranges. Given fears of rising interest rates, longer-maturity securities underperformed intermediate-term bonds during the 12-month period and the fund was hurt as a result. In contrast, the fund was aided by its larger relative exposure to state-appropriated bonds that were advance refunded during the period. Advance refunding transforms the bonds into the highest credit quality securities available in the muni market while shortening their maturity, both factors helping the securities outperform the New Jersey muni market.

The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.

Annual Report

Fidelity New Jersey Municipal Income Fund

Investment Changes (Unaudited)

Top Five Sectors as of November 30, 2013
	% of fund's net assets	% of fund's net assets 6 months ago
General Obligations	39.0	36.4
Escrowed/Pre-Refunded	13.0	19.5
Health Care	12.7	10.1
Transportation	11.9	10.2
Education	9.8	9.0
Weighted Average Maturity as of November 30, 2013
		6 months ago
Years	6.5	6.4

Duration as of November 30, 2013
		6 months ago
Years	7.5	7.0

Duration is a measure of a security's price sensitivity to changes in interest rates. Duration differs from maturity in that it considers a security's interest payments in addition to the amount of time until the security reaches maturity, and also takes into account certain maturity shortening features (e.g., demand features, interest rate resets, and call options) when applicable. Securities with longer durations generally tend to be more sensitive to interest rate changes than securities with shorter durations. A fund with a longer average duration generally can be expected to be more sensitive to interest rate changes than a fund with a shorter average duration.

Quality Diversification (% of fund's net assets)
As of November 30, 2013		As of May 31, 2013
	AAA 2.8%		AAA 4.3%
	AA,A 81.8%		AA,A 80.8%
	BBB 11.7%		BBB 8.4%
	BB and Below 1.8%		BB and Below 1.8%
	Not Rated 0.4%		Not Rated 2.5%
	Short-Term Investments and Net Other Assets 1.5%		Short-Term Investments and Net Other Assets 2.2%

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We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes.

Annual Report

Fidelity New Jersey Municipal Income Fund

Investments November 30, 2013

Showing Percentage of Net Assets

Municipal Bonds - 98.5%
	Principal Amount	Value
Guam - 0.6%
Guam Int'l. Arpt. Auth. Rev. Series 2013 C:
3% 10/1/14 (b)	$ 1,000,000	$ 1,008,370
6.375% 10/1/43 (b)	1,000,000	1,032,670
Guam Pwr. Auth. Rev. Series 2012 A, 5% 10/1/22 (FSA Insured)	1,500,000	1,657,500
		3,698,540
New Jersey - 89.4%
Atlantic City Gen. Oblig. Series 2012, 5% 11/1/19	6,425,000	7,256,845
Atlantic County Impt. Auth. Luxury Tax Rev. (Convention Ctr. Proj.) Series 1985 A, 7.4% 7/1/16 (Escrowed to Maturity)	1,985,000	2,132,565
Bayonne Gen. Oblig. 5.5% 7/1/39	5,000,000	5,186,550
Burlington County Board Commission Pooled Ln. Rev. (Govt. Ln. Prog.) Series 2004, 5.25% 12/15/22 (Pre-Refunded to 12/15/14 @ 100)	3,290,000	3,459,896
Burlington County Bridge Commission Lease Rev. Series 2002:
5.25% 8/15/16	20,000	20,069
5.25% 8/15/17	20,000	20,069
Camden County Impt. Auth. Health Care Redev. Rev. (Cooper Health Sys. Obligated Group Proj.) Series 2005 B, 5% 2/15/14	1,350,000	1,359,410
Cape May County Indl. Poll. Cont. Fing. Auth. Rev. (Atlantic City Elec. Co. Proj.) Series 1991 A, 6.8% 3/1/21 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	1,350,000	1,634,634
Casino Reinvestment Dev. Auth. Hotel Room Fee Rev. Series 2004, 5.25% 1/1/24 (AMBAC Insured)	1,600,000	1,653,168
East Brunswick Township Board of Ed.:
5% 11/1/22	1,000,000	1,157,840
5% 11/1/23	1,000,000	1,141,870
East Windsor Reg'l. School District:
5% 3/1/20	1,045,000	1,195,072
5% 3/1/21	1,000,000	1,144,670
Essex County Util. Auth. Solid Waste Rev. Series 2009, 5% 4/1/20 (Assured Guaranty Corp. Insured)	1,000,000	1,112,280
Garden State Preservation Trust Open Space & Farmland Preservation:
Series 2003 B, 0% 11/1/21 (FSA Insured)	1,635,000	1,274,957
Series 2005 A, 5.8% 11/1/19 (Pre-Refunded to 11/1/15 @ 100)	5,000,000	5,517,800
Series 2005 B, 6.375% 11/1/15 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	11,515,000	12,831,049
Series 2012 A, 5% 11/1/22	6,600,000	7,788,924
Municipal Bonds - continued
	Principal Amount	Value
New Jersey - continued
Hudson County Ctfs. of Prtn. Series 2002:
6.25% 6/1/14 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	$ 3,210,000	$ 3,282,482
6.25% 6/1/15 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	2,420,000	2,565,999
6.25% 12/1/15 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	1,525,000	1,645,948
6.25% 6/1/16 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	1,610,000	1,753,338
Jersey City Gen. Oblig.:
Series 2002 B, 5.25% 3/1/15 (AMBAC Insured)	1,250,000	1,319,050
Series 2005 C, 5% 9/1/18 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	3,500,000	3,697,295
Lenape Reg'l. High School District 7.625% 1/1/14 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	1,000,000	1,004,990
Margate City Gen. Oblig. Series 2009, 5% 2/1/18	750,000	851,205
Monroe Township Board of Ed. Series 2012:
5% 8/1/26	3,220,000	3,560,225
5% 8/1/28	4,000,000	4,341,920
Morristown Gen. Oblig. Series 2005, 6.5% 8/1/19 (FSA Insured)	20,000	24,659
New Brunswick Parking Auth. Rev. Series 2012:
5% 9/1/23	1,450,000	1,617,127
5% 9/1/26	600,000	649,842
5% 9/1/27	440,000	472,164
New Jersey Econ. Dev. Auth. School Facilities Construction Rev.:
(Goethals Bridge Replacement Proj.) Series 2013:
5.125% 1/1/34 (b)	1,500,000	1,473,195
5.375% 1/1/43 (b)	2,000,000	1,983,920
Series 2004 A, 5.25% 7/1/15 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	3,500,000	3,598,420
Series 2005 K, 5.25% 12/15/16 (AMBAC Insured)	3,000,000	3,286,230
Series 2005 N1, 5.5% 9/1/24 (AMBAC Insured)	5,000,000	5,815,600
Series 2005 O:
5% 3/1/20 (Pre-Refunded to 3/1/15 @ 100)	2,700,000	2,858,895
5.125% 3/1/30 (Pre-Refunded to 3/1/15 @ 100)	2,175,000	2,306,370
5.25% 3/1/21 (Pre-Refunded to 3/1/15 @ 100)	2,800,000	2,973,432
5.25% 3/1/26 (Pre-Refunded to 3/1/15 @ 100)	9,000,000	9,557,460
Series 2005 P:
5.125% 9/1/28 (Pre-Refunded to 9/1/15 @ 100)	6,800,000	7,369,500
5.25% 9/1/26 (Pre-Refunded to 9/1/15 @ 100)	8,000,000	8,687,360
Municipal Bonds - continued
	Principal Amount	Value
New Jersey - continued
New Jersey Econ. Dev. Auth. School Facilities Construction Rev.: - continued
Series 2006 S, 5% 9/1/36	$ 9,000,000	$ 9,068,040
Series 2007 U, 5% 9/1/37	2,000,000	2,015,440
Series 2012 II, 5% 3/1/26	5,000,000	5,409,850
Series 2012, 5% 6/15/20	5,000,000	5,508,000
Series 2013 NN, 5% 3/1/27	20,000,000	21,627,597
Series 2013:
5% 3/1/23	4,800,000	5,449,296
5% 3/1/25	700,000	772,947
6% 12/15/34	1,945,000	2,146,716
New Jersey Econ. Dev. Auth. Wtr. Facilities Rev. (American Wtr. Co., Inc. Proj.) Series 2009 A, 5.7% 10/1/39 (b)	5,000,000	5,270,050
New Jersey Edl. Facilities Auth. Rev.:
(Montclair State Univ. Proj.):
Series 2002 F, 5% 7/1/17 (FGIC Insured) (Pre-Refunded to 7/1/15 @ 100)	1,000,000	1,073,790
Series 2003 L, 5.125% 7/1/20 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	170,000	172,587
Series L, 5.125% 7/1/20 (Pre-Refunded to 7/1/14 @ 100)	1,975,000	2,030,280
(New Jersey Institute of Technology Proj.) Series 2010 H, 5% 7/1/31	2,000,000	2,115,760
(Princeton Theological Seminary Proj.) Series 2009 B:
4% 7/1/22	1,000,000	1,087,370
5% 7/1/14	235,000	241,561
5% 7/1/15	235,000	252,536
5% 7/1/17	490,000	561,824
5% 7/1/18	250,000	292,288
5% 7/1/19	200,000	236,362
(Rowan Univ. Proj.) Series 2007 B:
5.5% 7/1/16 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	2,500,000	2,757,650
5.5% 7/1/18 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	4,390,000	5,023,345
(The College of New Jersey Proj.) Series 2008 D, 5% 7/1/35 (FSA Insured)	4,000,000	4,086,720
(William Paterson College Proj.) Series 2008 C, 5% 7/1/19 (Assured Guaranty Corp. Insured)	2,570,000	2,875,573
Series 2012 A:
5% 7/1/18	1,000,000	1,151,310
5% 7/1/19	1,025,000	1,184,101
Municipal Bonds - continued
	Principal Amount	Value
New Jersey - continued
New Jersey Edl. Facilities Auth. Rev.: - continued
Series 2012 B:
5% 7/1/37	$ 750,000	$ 771,030
5% 7/1/42	1,100,000	1,121,472
New Jersey Envir. Infrastructure Trust:
Series 2012 A, 4% 9/1/20	10,000,000	11,268,700
Series 2012, 5% 9/1/17 (Pre-Refunded to 9/1/16 @ 100)	100,000	112,150
5% 9/1/17	4,750,000	5,294,018
5% 9/1/17 (Pre-Refunded to 9/1/16 @ 100)	30,000	33,645
5% 9/1/17 (Pre-Refunded to 9/1/16 @ 100)	20,000	22,430
New Jersey Health Care Facilities Fing. Auth. Rev.:
(AHS Hosp. Corp. Proj.) Series 2011, 6% 7/1/41	5,000,000	5,541,000
(AtlantiCare Reg'l. Med. Ctr. Proj.) Series 2007, 5% 7/1/17	1,000,000	1,132,200
(Chilton Memorial Hosp. Proj.) Series 2009, 5.75% 7/1/39	3,765,000	3,900,766
(Greystone Park Psychiatric Hosp. Proj.) Series 2013 B, 5% 9/15/24	8,000,000	8,695,840
(Hackensack Univ. Med. Ctr. Proj.):
Series 2010 B, 5% 1/1/22	1,725,000	1,819,064
Series 2010, 5% 1/1/34	2,000,000	2,009,280
(Robert Wood Johnson Univ. Hosp. Proj.) Series 2010, 5% 7/1/31	5,000,000	5,107,450
(Saint Mary's Hosp. - Passaic Proj.) Series 2007-1:
5% 3/1/20	2,030,000	2,206,833
5% 3/1/21	2,680,000	2,894,239
(South Jersey Hosp. Proj.) Series 2006, 5% 7/1/14	1,620,000	1,655,915
(Virtua Health Proj.) Series A, 5.25% 7/1/17 (Assured Guaranty Corp. Insured)	6,000,000	6,836,520
Series 2008 A, 5.25% 10/1/38	5,965,000	6,201,274
Series 2008, 6.625% 7/1/38	10,745,000	10,839,234
Series 2009 A, 5.75% 10/1/31	4,000,000	4,421,520
Series 2011:
5% 7/1/19	1,500,000	1,723,440
5% 7/1/23	2,500,000	2,744,575
5% 7/1/24	2,000,000	2,180,300
5% 7/1/25	2,265,000	2,450,186
Series 2012 A:
5% 7/1/18	795,000	881,488
5% 7/1/22	1,400,000	1,532,650
5% 7/1/23	1,000,000	1,084,800
Municipal Bonds - continued
	Principal Amount	Value
New Jersey - continued
New Jersey Health Care Facilities Fing. Auth. Rev.: - continued
Series 2012 A: - continued
5% 7/1/24	$ 2,000,000	$ 2,155,960
5% 7/1/25	1,000,000	1,057,080
Series 2012 II, 5% 7/1/42	1,000,000	966,040
Series 2012, 5% 7/1/21	2,325,000	2,597,862
Series 2013 A:
5% 7/1/28	1,080,000	1,142,262
5% 7/1/32	1,600,000	1,639,088
5.25% 7/1/28	3,250,000	3,482,213
Series 2013:
5% 7/1/24 (a)	1,250,000	1,374,550
5% 7/1/26	1,335,000	1,430,412
5.25% 7/1/31	4,000,000	3,835,880
5.5% 7/1/43	3,000,000	2,801,190
New Jersey Higher Ed. Student Assistance Auth. Student Ln. Rev.:
Series 2010 1A, 5% 12/1/17	2,500,000	2,847,175
Series 2013:
4% 12/1/20 (b)	2,500,000	2,553,550
5% 12/1/21 (b)	2,100,000	2,246,874
5% 12/1/22 (b)	2,250,000	2,378,453
New Jersey Institute of Technology Series 2012 A:
5% 7/1/32	1,250,000	1,320,425
5% 7/1/42	5,000,000	5,140,200
New Jersey Tobacco Settlement Fing. Corp. Series 2007 1A, 5% 6/1/15	1,000,000	1,057,080
New Jersey Tpk. Auth. Tpk. Rev.:
Series 1991 C:
6.5% 1/1/16 (Escrowed to Maturity)	1,945,000	2,028,441
6.5% 1/1/16 (Escrowed to Maturity)	4,820,000	5,131,950
Series 2005 C:
6.5% 1/1/16	385,000	431,258
6.5% 1/1/16 (Escrowed to Maturity)	190,000	214,138
Series 2009 E, 5.25% 1/1/40	10,600,000	11,098,624
Series 2009 G, 5% 1/1/17	3,745,000	4,203,538
Series 2009 I, 5% 1/1/35	5,000,000	5,171,700
Series 2012 B, 5% 1/1/24	2,650,000	2,989,677
6.5% 1/1/16 (Escrowed to Maturity)	210,000	236,210
New Jersey Trans. Trust Fund Auth.:
Series 2001 A, 6% 6/15/35	2,800,000	3,151,316
Municipal Bonds - continued
	Principal Amount	Value
New Jersey - continued
New Jersey Trans. Trust Fund Auth.: - continued
Series 2004 B, 5.5% 12/15/15 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	$ 11,000,000	$ 12,119,250
Series 2005 B:
5.25% 12/15/16 (Pre-Refunded to 12/15/15 @ 100)	9,830,000	10,805,824
5.25% 12/15/22 (AMBAC Insured)	1,200,000	1,391,604
5.5% 12/15/20 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	15,235,000	18,132,392
Series 2005 D, 5% 6/15/20 (Pre-Refunded to 6/15/15 @ 100)	4,000,000	4,286,880
Series 2006 A, 5.5% 12/15/22	8,875,000	10,464,868
Series 2006 C:
0% 12/15/26 (AMBAC Insured)	10,000,000	5,355,600
0% 12/15/34	4,000,000	1,236,760
Series 2008 A:
0% 12/15/35	12,055,000	3,479,917
0% 12/15/36	25,000,000	6,745,250
5.5% 12/15/38 (Assured Guaranty Corp. Insured)	1,710,000	1,846,013
Series 2009 A:
0% 12/15/36	1,915,000	502,994
0% 12/15/38	13,900,000	3,188,104
0% 12/15/39	18,895,000	4,065,637
Series 2010 A, 0% 12/15/30	14,750,000	6,001,923
Series 2010 A3, 0% 12/15/34	10,775,000	3,331,522
Series 2011 A, 5.25% 6/15/25	6,000,000	6,652,020
Series 2011 B:
5.25% 6/15/25	3,185,000	3,531,114
5.25% 6/15/26	2,000,000	2,189,720
New Jersey Transit Corp. Ctfs. of Prtn. Series 2003 A, 5.25% 9/15/15 (AMBAC Insured)	3,300,000	3,535,290
Newark City Hsg. Auth. City-Secured Police Facility Rev. (Southward Police Proj.) Series 2009 A, 6.75% 12/1/38 (Assured Guaranty Corp. Insured)	1,000,000	1,148,670
Newark Gen. Oblig.:
Series 2002, 5.375% 12/15/13 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	2,840,000	2,844,714
Series 2013 A:
5% 7/15/17	2,000,000	2,268,740
5% 7/15/18	3,130,000	3,598,436
Newark Port Auth. Hsg. Auth. Rev.:
(City of Newark Redev. Proj.) Series 2004, 5.5% 1/1/27 (Pre-Refunded to 1/1/14 @ 100)	2,500,000	2,510,025
Municipal Bonds - continued
	Principal Amount	Value
New Jersey - continued
Newark Port Auth. Hsg. Auth. Rev.: - continued
(Newark Redev. Proj.) Series 2007, 5.25% 1/1/18 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	$ 1,350,000	$ 1,482,030
North Bergen Township Muni. Utils. Auth. Swr. Rev. Series 2003:
5.25% 12/15/16 (Pre-Refunded to 12/15/13 @ 100)	2,800,000	2,804,396
5.25% 12/15/17 (Pre-Refunded to 12/15/13 @ 100)	1,000,000	1,001,570
North Hudson Swr. Auth. Wtr. & Swr. Rev. Series 2001 A, 0% 8/1/24 (Escrowed to Maturity)	2,000,000	1,409,520
Rutgers State Univ. Rev.:
Series 2009 F:
5% 5/1/30	1,500,000	1,584,945
5% 5/1/39	9,500,000	9,905,935
Series 2010 I, 5% 5/1/29	1,110,000	1,189,654
Series 2013 L, 5% 5/1/43	5,000,000	5,217,150
Union County Impt. Auth. (Juvenile Detention Ctr. Facility Proj.) Series 2005, 5.5% 5/1/34 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	6,000,000	6,069,300
		536,058,219
New Jersey/Pennsylvania - 2.3%
Delaware River Joint Toll Bridge Commission Pennsylvania-New Jersey Bridge Rev.:
Series 2007 A, 5% 7/1/26 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	2,855,000	3,041,146
Series 2012 A:
5% 7/1/21	600,000	684,246
5% 7/1/24	1,200,000	1,332,312
5% 7/1/25	1,100,000	1,210,165
5% 7/1/26	500,000	545,075
Delaware River Port Auth. Pennsylvania & New Jersey Rev.:
(Port District Proj.) Series 2012, 5% 1/1/24	3,000,000	3,142,530
Series 2010 D, 5% 1/1/40	4,000,000	4,111,560
		14,067,034
New York & New Jersey - 3.9%
Port Auth. of New York & New Jersey:
136th Series, 5.25% 11/1/16 (b)	2,800,000	2,881,060
141st Series:
5% 9/1/18 (b)	6,000,000	6,394,920
Municipal Bonds - continued
	Principal Amount	Value
New York & New Jersey - continued
Port Auth. of New York & New Jersey: - continued
141st Series: - continued
5% 9/1/21 (CIFG North America Insured) (b)	$ 2,400,000	$ 2,539,560
163rd Series, 5% 7/15/35	3,255,000	3,403,884
166th Series, 5% 1/15/41	5,000,000	5,153,600
Port Auth. of New York & New Jersey Spl. Oblig. Rev. (JFK Int'l. Air Term. Spl. Proj.) Series 6, 6.25% 12/1/15 (Nat'l. Pub. Fin. Guarantee Corp. Insured) (b)	3,000,000	3,174,600
		23,547,624
Puerto Rico - 1.8%
Puerto Rico Commonwealth Pub. Impt. Gen. Oblig. Series 2007 A, 5.5% 7/1/19 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	2,000,000	1,912,980
Puerto Rico Elec. Pwr. Auth. Pwr. Rev.:
Series NN, 5.25% 7/1/21 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	5,000,000	4,605,200
Series QQ:
5.5% 7/1/17 (XL Cap. Assurance, Inc. Insured)	1,700,000	1,570,460
5.5% 7/1/18 (XL Cap. Assurance, Inc. Insured)	1,000,000	903,570
Puerto Rico Sales Tax Fing. Corp. Sales Tax Rev. Series 2010 C, 6% 8/1/39	2,200,000	1,783,914
		10,776,124
Virgin Islands - 0.5%
Virgin Islands Pub. Fin. Auth.:
Series 2009 A, 6.75% 10/1/37	1,000,000	1,082,160
Series 2009 A1, 5% 10/1/24	500,000	526,255
Series 2009 B, 5% 10/1/25	1,200,000	1,253,496
		2,861,911

TOTAL INVESTMENT PORTFOLIO - 98.5%

(Cost $581,665,670)

591,009,452

NET OTHER ASSETS (LIABILITIES) - 1.5%

8,896,216

NET ASSETS - 100%

$ 599,905,668

Legend

(a) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(b) Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.

Other Information

All investments are categorized as Level 2 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

The distribution of municipal securities by revenue source, as a percentage of total net assets, is as follows (Unaudited):

General Obligations	39.0%
Escrowed/Pre-Refunded	13.0%
Health Care	12.7%
Transportation	11.9%
Education	9.8%
Special Tax	6.2%
Others* (Individually Less Than 5%)	7.4%
	100.0%

* Includes net other assets

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity New Jersey Municipal Income Fund

Financial Statements

Statement of Assets and Liabilities

	November 30, 2013

Assets
Investment in securities, at value - See accompanying schedule: Unaffiliated issuers (cost $581,665,670)		$ 591,009,452
Cash		2,186,481
Receivable for fund shares sold		79,515
Interest receivable		9,025,074
Prepaid expenses		1,494
Other receivables		432
Total assets		602,302,448

Liabilities
Payable for investments purchased on a delayed delivery basis	$ 1,378,538
Payable for fund shares redeemed	72,116
Distributions payable	575,673
Accrued management fee	181,532
Other affiliated payables	146,131
Other payables and accrued expenses	42,790
Total liabilities		2,396,780

Net Assets		$ 599,905,668
Net Assets consist of:
Paid in capital		$ 587,133,305
Distributions in excess of net investment income		(49,824)
Accumulated undistributed net realized gain (loss) on investments		3,478,405
Net unrealized appreciation (depreciation) on investments		9,343,782
Net Assets, for 51,816,385 shares outstanding		$ 599,905,668
Net Asset Value, offering price and redemption price per share ($599,905,668 ÷ 51,816,385 shares)		$ 11.58

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity New Jersey Municipal Income Fund
Financial Statements - continued

Statement of Operations

	Year ended November 30, 2013

Investment Income
Interest		$ 24,688,443

Expenses
Management fee	$ 2,367,628
Transfer agent fees	468,047
Accounting fees and expenses	153,122
Custodian fees and expenses	7,900
Independent trustees' compensation	2,520
Registration fees	18,336
Audit	50,342
Legal	3,302
Miscellaneous	5,920
Total expenses before reductions	3,077,117
Expense reductions	(7,133)	3,069,984
Net investment income (loss)		21,618,459
Realized and Unrealized Gain (Loss) Net realized gain (loss) on:
Investment securities:
Unaffiliated issuers		4,550,251
Change in net unrealized appreciation (depreciation) on investment securities		(53,817,312)
Net gain (loss)		(49,267,061)
Net increase (decrease) in net assets resulting from operations		$ (27,648,602)

See accompanying notes which are an integral part of the financial statements.

Annual Report

Statement of Changes in Net Assets

	Year ended November 30, 2013	Year ended November 30, 2012
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 21,618,459	$ 22,544,463
Net realized gain (loss)	4,550,251	1,859,123
Change in net unrealized appreciation (depreciation)	(53,817,312)	39,339,548
Net increase (decrease) in net assets resulting from operations	(27,648,602)	63,743,134
Distributions to shareholders from net investment income	(21,622,264)	(22,463,191)
Distributions to shareholders from net realized gain	(1,451,891)	-
Total distributions	(23,074,155)	(22,463,191)
Share transactions Proceeds from sales of shares	116,929,954	110,814,259
Reinvestment of distributions	15,605,957	15,452,624
Cost of shares redeemed	(184,843,521)	(72,991,867)
Net increase (decrease) in net assets resulting from share transactions	(52,307,610)	53,275,016
Redemption fees	3,966	1,512
Total increase (decrease) in net assets	(103,026,401)	94,556,471

Net Assets
Beginning of period	702,932,069	608,375,598
End of period (including distributions in excess of net investment income of $49,824 and undistributed net investment income of $281,163, respectively)	$ 599,905,668	$ 702,932,069
Other Information Shares
Sold	9,850,228	9,104,814
Issued in reinvestment of distributions	1,306,557	1,263,319
Redeemed	(15,616,432)	(5,988,962)
Net increase (decrease)	(4,459,647)	4,379,171

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights

Years ended November 30,	2013	2012	2011	2010	2009
Selected Per-Share Data
Net asset value, beginning of period	$ 12.49	$ 11.72	$ 11.54	$ 11.48	$ 10.71
Income from Investment Operations
Net investment income (loss) ^B	.397	.412	.445	.435	.431
Net realized and unrealized gain (loss)	(.884)	.769	.179	.060	.795
Total from investment operations	(.487)	1.181	.624	.495	1.226
Distributions from net investment income	(.397)	(.411)	(.444)	(.435)	(.431)
Distributions from net realized gain	(.026)	-	-	-	(.025)
Total distributions	(.423)	(.411)	(.444)	(.435)	(.456)
Redemption fees added to paid in capital ^{B, D}	-	-	-	-	-
Net asset value, end of period	$ 11.58	$ 12.49	$ 11.72	$ 11.54	$ 11.48
Total Return ^A	(3.94)%	10.21%	5.57%	4.34%	11.64%
Ratios to Average Net Assets ^C
Expenses before reductions	.47%	.47%	.48%	.48%	.48%
Expenses net of fee waivers, if any	.47%	.47%	.48%	.48%	.48%
Expenses net of all reductions	.47%	.47%	.48%	.47%	.47%
Net investment income (loss)	3.32%	3.38%	3.88%	3.74%	3.85%
Supplemental Data
Net assets, end of period (000 omitted)	$ 599,906	$ 702,932	$ 608,376	$ 666,689	$ 651,501
Portfolio turnover rate	18%	11%	7%	5%	6%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Calculated based on average shares outstanding during the period.

^C Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund.

^D Amount represents less than $.001 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity New Jersey Municipal Money Market Fund

Investment Changes/Performance (Unaudited)

Effective Maturity Diversification
Days	% of fund's investments 11/30/13	% of fund's investments 5/31/13	% of fund's investments 11/30/12
1 - 7	72.8	66.7	72.5
8 - 30	6.4	5.0	4.5
31 - 60	1.3	5.6	3.7
61 - 90	2.8	5.0	1.5
91 - 180	5.0	6.5	4.4
> 180	11.7	11.2	13.4

Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940.

Weighted Average Maturity
	11/30/13	5/31/13	11/30/12
Fidelity New Jersey Municipal Money Market Fund	47 Days	49 Days	49 Days
New Jersey Tax-Free Money Market Funds Average*	49 Days	41 Days	48 Days

Weighted Average Life
	11/30/13	5/31/13	11/30/12
Fidelity New Jersey Municipal Money Market Fund	47 Days	49 Days	49 Days

* Source: iMoneyNet, Inc.

Asset Allocation (% of fund's net assets)
As of November 30, 2013		As of May 31, 2013
	Variable Rate Demand Notes (VRDNs) 60.4%		Variable Rate Demand Notes (VRDNs) 62.3%
	Other Municipal Debt 27.8%		Other Municipal Debt 35.8%
	Investment Companies 11.2%		Investment Companies 3.6%
	Net Other Assets (Liabilities) 0.6%		Net Other Assets (Liabilities)^† (1.7)%

ccc613446

^† Net Other Assets (Liabilities) are not included in the pie chart.

Current and Historical Seven-Day Yields

	11/30/13	8/31/13	5/31/13	2/28/13	11/30/12
Fidelity New Jersey Municipal Money Market Fund	0.01%	0.01%	0.01%	0.01%	0.01%

Yield refers to the income paid by the fund over a given period. Yields for money market funds are usually for seven-day periods, as they are here, though they are expressed as annual percentage rates. Past performance is no guarantee of future results. Yield will vary and it's possible to lose money investing in the Fund. A portion of the fund's expenses was reimbursed and/or waived. Absent such reimbursements and/or waivers the yield for the period ending November 30, 2013, the most recent period shown in the table, would have been -.39%.

Annual Report

Fidelity New Jersey Municipal Money Market Fund

Investments November 30, 2013

Showing Percentage of Net Assets

Variable Rate Demand Note - 60.4%
	Principal Amount		Value
Alabama - 0.2%
Decatur Indl. Dev. Board Exempt Facilities Rev. (Nucor Steel Decatur LLC Proj.) Series 2003 A, 0.37% 12/6/13, VRDN (c)(f)	$ 1,400,000		$ 1,400,000
Mobile Indl. Dev. Board Dock & Wharf Rev. (Holnam, Inc. Proj.) Series 1999 A, 0.09% 12/6/13, LOC Bayerische Landesbank Girozentrale, VRDN (c)	2,500,000		2,500,000
			3,900,000
Delaware - 0.1%
Delaware Econ. Dev. Auth. Rev. (Delmarva Pwr. & Lt. Co. Proj.) Series 1988, 0.17% 12/2/13, VRDN (c)(f)	2,550,000		2,550,000
Delaware/New Jersey - 0.8%
Delaware River & Bay Auth. Rev. Series 2008, 0.04% 12/6/13, LOC TD Banknorth, NA, VRDN (c)	18,800,000		18,800,000
Florida - 0.3%
Florida Board of Ed. Pub. Ed. Cap. Outlay Participating VRDN Series WF11 60 C, 0.06% 12/6/13 (Liquidity Facility Wells Fargo Bank NA) (c)(g)	3,755,000		3,755,000
Miami-Dade County Indl. Dev. Auth. Rev. (Tarmac America Proj.) Series 2004, 0.1% 12/6/13, LOC Bank of America NA, VRDN (c)(f)	3,200,000		3,200,000
			6,955,000
Iowa - 0.3%
Iowa Fin. Auth. Solid Disp. Waste Rev. (MidAmerican Energy Proj.) Series 2008 A, 0.1% 12/6/13, VRDN (c)(f)	8,000,000		8,000,000
Kentucky - 0.2%
Carroll County Envir. Facilities Rev. (Kentucky Utils. Co. Proj.) Series 2006 B, 0.06% 12/6/13, LOC Sumitomo Mitsui Banking Corp., VRDN (c)(f)	5,000,000		5,000,000
Louisiana - 0.1%
Louisiana Pub. Facilities Auth. Rev. (Air Products & Chemicals, Inc. Proj.) Series 2002, 0.06% 12/6/13, VRDN (c)(f)	2,100,000		2,100,000
Saint James Parish Gen. Oblig. (Nucor Steel Louisiana LLC Proj.) Series 2010 B1:
0.35% 12/6/13, VRDN (c)	600,000		600,000
0.35% 12/6/13, VRDN (c)	400,000		400,000
			3,100,000
Nebraska - 0.1%
Stanton County Indl. Dev. Rev. (Nucor Corp. Proj.) Series 1996, 0.37% 12/6/13, VRDN (c)(f)	1,400,000		1,400,000
Variable Rate Demand Note - continued
	Principal Amount		Value
Nevada - 0.1%
Clark County Arpt. Rev.:
Series 2008 C2, 0.23% 12/6/13, LOC Landesbank Baden-Wurttemberg, VRDN (c)(f)	$ 1,700,000		$ 1,700,000
Series 2008 C3, 0.25% 12/6/13, LOC Landesbank Baden-Wurttemberg, VRDN (c)(f)	1,000,000		1,000,000
			2,700,000
New Jersey - 35.8%
Bergen County Impt. Auth. Multi-family Hsg. Rev. (Kentshire Apts. Proj.) Series 2001, 0.06% 12/6/13, LOC Fannie Mae, VRDN (c)(f)	21,000,000		21,000,000
Camden County Impt. Auth. Rev. (Parkview Redev. Hsg. Proj.) Series 2006, 0.04% 12/6/13, LOC Fannie Mae, VRDN (c)(f)	900,000		900,000
Essex County Impt. Auth. Multi-family Hsg. Rev. (Fern Sr. Hsg. Proj.) Series 2010, 0.05% 12/6/13, LOC Freddie Mac, VRDN (c)	4,000,000		4,000,000
Garden State Preservation Trust Open Space & Farmland Preservation Participating VRDN Series Putters 2865, 0.06% 12/6/13 (Liquidity Facility JPMorgan Chase Bank) (c)(g)	4,185,000		4,185,000
Hudson County Impt. Auth. Rev. (Essential Purp. Pooled Govt. Ln. Prog.) Series 1986, 0.05% 12/6/13, LOC Bank of New York, New York, VRDN (c)	43,795,000		43,795,000
Mercer County Impt. Auth. Rev. (The Atlantic Foundation Proj.) Series 2008, 0.06% 12/2/13, LOC Bank of America NA, VRDN (c)	5,740,000		5,740,000
New Jersey Bldg. Auth. State Bldg. Rev.:
Series 2003 A1, 0.04% 12/6/13, LOC Barclays Bank PLC, VRDN (c)	3,100,000		3,100,000
Series 2003 A3, 0.04% 12/6/13, LOC Barclays Bank PLC, VRDN (c)	11,800,000		11,800,000
Series 2003 A4, 0.04% 12/6/13, LOC Barclays Bank PLC, VRDN (c)	21,780,000		21,780,000
New Jersey Econ. Dev. Auth. Econ. Dev. Rev.:
(Duke Farms Foundation Proj.) Series 2009 A, 0.04% 12/2/13, LOC Northern Trust Co., VRDN (c)	1,800,000		1,800,000
(Stolt Haven Perth Amboy Proj.) Series 1998 A, 0.05% 12/6/13, LOC Citibank NA, VRDN (c)	19,600,000		19,600,000
New Jersey Econ. Dev. Auth. Natural Gas Facilities Rev.:
(Natural Gas Co. Proj.):
Series 2011 A, 0.06% 12/2/13, VRDN (c)	3,345,000		3,345,000
Series 2011 B, 0.08% 12/2/13, VRDN (c)(f)	16,600,000		16,600,000
Series 2011 C, 0.08% 12/6/13, VRDN (c)(f)	17,400,000		17,400,000
Variable Rate Demand Note - continued
	Principal Amount		Value
New Jersey - continued
New Jersey Econ. Dev. Auth. Natural Gas Facilities Rev.: - continued
(South Jersey Gas Co. Proj.) Series 2006-1, 0.08% 12/6/13, LOC JPMorgan Chase Bank, VRDN (c)(f)	$ 25,000,000		$ 25,000,000
New Jersey Econ. Dev. Auth. Rev. (Bayshore Health Ctr. Proj.) Series 1998 A, 0.05% 12/6/13, LOC JPMorgan Chase Bank, VRDN (c)	11,010,000		11,010,000
New Jersey Econ. Dev. Auth. School Facilities Construction Rev.:
(Applewood Estates Proj.) Series 2005 B, 0.04% 12/6/13, LOC TD Banknorth, NA, VRDN (c)	10,290,000		10,290,000
(Cooper Health Sys. Proj.) Series 2008 A, 0.04% 12/6/13, LOC TD Banknorth, NA, VRDN (c)	17,800,000		17,800,000
(Morris Hall/St. Lawrence, Inc. Proj.) Series 2003, 0.08% 12/6/13, LOC Wells Fargo Bank NA, VRDN (c)	17,240,541		17,240,541
(Order of St. Benedict Proj.) Series 2005, 0.03% 12/6/13, LOC Wells Fargo Bank NA, VRDN (c)	1,600,000		1,600,000
New Jersey Econ. Dev. Auth. Spl. Facilities Rev. (Port Newark Container Term. LLC Proj.) Series 2003 A, 0.07% 12/6/13, LOC Citibank NA, VRDN (c)(f)	62,500,000		62,500,000
New Jersey Econ. Dev. Auth. Thermal Energy Facilities Rev. (Marina Energy LLC Proj.):
Series 2001 A, 0.09% 12/6/13, LOC JPMorgan Chase Bank, VRDN (c)(f)	10,000,000		10,000,000
Series 2006 A, 0.09% 12/6/13, LOC JPMorgan Chase Bank, VRDN (c)(f)	5,465,000		5,465,000
New Jersey Edl. Facilities Auth. Rev. Participating VRDN Series Putters 3922, 0.06% 12/6/13 (Liquidity Facility JPMorgan Chase Bank) (c)(g)	4,335,000		4,335,000
New Jersey Envir. Infrastructure Trust Participating VRDN Series Putters 4729, 0.04% 12/6/13 (Liquidity Facility Bank of America NA) (c)(g)	2,015,000		2,015,000
New Jersey Health Care Facilities Fing. Auth. Rev.:
(AHS Hosp. Corp. Proj.):
Series 2008 B, 0.04% 12/6/13, LOC Bank of America NA, VRDN (c)	47,330,000		47,330,000
Series 2008 C, 0.04% 12/6/13, LOC JPMorgan Chase Bank, VRDN (c)	24,775,000		24,775,000
(Barnabas Health Proj.) Series 2011 B, 0.04% 12/6/13, LOC JPMorgan Chase Bank, VRDN (c)	35,610,000		35,610,000
(East Orange Gen. Hosp. Proj.) Series 2006 A2, 0.05% 12/6/13, LOC PNC Bank NA, VRDN (c)	6,620,000		6,620,000
Variable Rate Demand Note - continued
	Principal Amount		Value
New Jersey - continued
New Jersey Health Care Facilities Fing. Auth. Rev.: - continued
(Meridian Health Sys. Proj.):
Series 2003 A, 0.04% 12/6/13, LOC JPMorgan Chase Bank, VRDN (c)	$ 11,050,000		$ 11,050,000
Series 2006 A4, 0.03% 12/6/13, LOC Wells Fargo Bank NA, VRDN (c)	1,600,000		1,600,000
Series 2006 A5, 0.03% 12/6/13, LOC Wells Fargo Bank NA, VRDN (c)	2,220,000		2,220,000
(Meridian Nursing and Rehab. at Red Bank, Inc. Proj.) Series 2004 A3, 0.06% 12/6/13, LOC Wells Fargo Bank NA, VRDN (c)	9,800,000		9,800,000
(Robert Wood Johnson Univ. Hosp. Proj.):
Series 2003 A3, 0.03% 12/6/13, LOC Wells Fargo Bank NA, VRDN (c)	3,000,000		3,000,000
Series 2004, 0.03% 12/6/13, LOC Wells Fargo Bank NA, VRDN (c)	5,100,000		5,100,000
(South Jersey Hosp. Proj.) Series 2004 A4, 0.05% 12/6/13, LOC TD Banknorth, NA, VRDN (c)	1,100,000		1,100,000
(Southern Ocean County Hosp. Proj.) Series 2006, 0.03% 12/6/13, LOC Wells Fargo Bank NA, VRDN (c)	9,525,000		9,525,000
(Virtua Health Proj.):
Series 2004, 0.03% 12/6/13, LOC Wells Fargo Bank NA, VRDN (c)	25,330,000		25,330,000
Series 2009 B, 0.06% 12/2/13, LOC JPMorgan Chase Bank, VRDN (c)	3,080,000		3,080,000
Series 2009 C, 0.05% 12/2/13, LOC JPMorgan Chase Bank, VRDN (c)	13,300,000		13,300,000
Series 2009 D, 0.03% 12/6/13, LOC TD Banknorth, NA, VRDN (c)	1,610,000		1,610,000
(Virtua Health, Inc. Proj.) Series 2003 A7, 0.03% 12/6/13, LOC Wells Fargo Bank NA, VRDN (c)	2,800,000		2,800,000
Series 2006 A6, 0.06% 12/6/13, LOC TD Banknorth, NA, VRDN (c)	3,450,000		3,450,000
Series 2013 B, 0.03% 12/6/13, LOC Wells Fargo Bank NA, VRDN (c)	14,760,000		14,760,000
New Jersey Hsg. & Mtg. Fin. Agcy. Multi-family Rev.:
Series 2008 B, 0.05% 12/6/13, LOC Bank of America NA, VRDN (c)	37,290,000		37,290,000
Series 2008 F, 0.06% 12/6/13, LOC Bank of America NA, VRDN (c)(f)	88,425,000		88,425,000
New Jersey Tpk. Auth. Tpk. Rev.:
Series 2009 A, 0.06% 12/6/13, LOC JPMorgan Chase Bank, VRDN (c)	41,275,000		41,275,000
Variable Rate Demand Note - continued
	Principal Amount		Value
New Jersey - continued
New Jersey Tpk. Auth. Tpk. Rev.: - continued
Series 2009 B, 0.03% 12/6/13, LOC PNC Bank NA, VRDN (c)	$ 4,000,000		$ 4,000,000
New Jersey Trans. Trust Fund Auth. Series 2009 D, 0.06% 12/6/13, LOC Wells Fargo Bank NA, VRDN (c)	99,900,000		99,900,000
Salem County Poll. Cont. Fin. Auth. Rev. (Pub. Svc. Elec. and Gas Co. Proj.):
Series 2003 B1, 0.23% 12/6/13, VRDN (c)	1,500,000		1,500,000
Series 2012 A, 0.25% 12/6/13, VRDN (c)(f)	10,700,000		10,700,000
South Jersey Trans. Auth. Trans. Sys. Rev.:
Series 2009 A3, 0.03% 12/6/13, LOC Wells Fargo Bank NA, VRDN (c)	1,900,000		1,900,000
Series 2009 A4, 0.03% 12/6/13, LOC Wells Fargo Bank NA, VRDN (c)	1,980,000		1,980,000
Union County Utils. Resources Auth. Participating VRDN Series RBC O 7, 0.07% 12/6/13 (Liquidity Facility Royal Bank of Canada) (c)(f)(g)	7,140,000		7,140,000
Vineland Gen. Oblig. 0.05% 12/6/13, LOC Wells Fargo Bank NA, VRDN (c)(f)	23,965,000		23,965,000
			882,435,541
New Jersey/Pennsylvania - 8.9%
Delaware River Port Auth. Pennsylvania & New Jersey Rev.:
Series 2008 A, 0.04% 12/6/13, LOC Bank of America NA, VRDN (c)	51,475,000		51,475,000
Series 2008 B, 0.04% 12/6/13, LOC TD Banknorth, NA, VRDN (c)	22,200,000		22,200,000
Series 2010 A, 0.04% 12/6/13, LOC Royal Bank of Canada, VRDN (c)	23,600,000		23,600,000
Series 2010 B, 0.04% 12/6/13, LOC Barclays Bank PLC, VRDN (c)	112,400,000		112,400,000
Series 2010 C, 0.07% 12/6/13, LOC Bank of New York, New York, VRDN (c)	10,700,000		10,700,000
			220,375,000
New York - 0.8%
Dutchess County Indl. Dev. Agcy. Civic Facility Rev. (Lutheran Ctr. at Poughkeepsie, Inc. Proj.) 0.14% 12/6/13, LOC KeyBank NA, VRDN (c)	3,100,000		3,100,000
New York City Gen. Oblig. Series 2008 J11, 0.11% 12/6/13 (Liquidity Facility KBC Bank NV), VRDN (c)	1,200,000		1,200,000
Variable Rate Demand Note - continued
	Principal Amount		Value
New York - continued
New York City Hsg. Dev. Corp. Multi-family Mtg. Rev. (Beekman Tower Proj.) Series 2008 A, 0.3% 12/6/13, LOC RBS Citizens NA, VRDN (c)	$ 3,600,000		$ 3,600,000
New York Hsg. Fin. Agcy. Rev. (101 West End Hsg. Proj.) Series 1998 A, 0.05% 12/6/13, LOC Fannie Mae, VRDN (c)(f)	12,200,000		12,200,000
			20,100,000
New York & New Jersey - 9.3%
Port Auth. of New York & New Jersey:
Participating VRDN:
Series BA 07 1017, 0.12% 12/6/13 (Liquidity Facility Bank of America NA) (c)(f)(g)	27,585,000		27,585,000
Series BA 07 1043, 0.1% 12/6/13 (Liquidity Facility Bank of America NA) (c)(g)	3,725,000		3,725,000
Series BA 08 1066, 0.15% 12/6/13 (Liquidity Facility Bank of America NA) (c)(f)(g)	3,540,000		3,540,000
Series BA 08 1067, 0.12% 12/6/13 (Liquidity Facility Bank of America NA) (c)(f)(g)	5,815,000		5,815,000
Series BA 08 1107, 0.12% 12/6/13 (Liquidity Facility Bank of America NA) (c)(f)(g)	24,260,000		24,260,000
Series BC 11 17B, 0.06% 12/6/13 (Liquidity Facility Barclays Bank PLC) (a)(c)(g)	6,460,000		6,460,000
Series EGL 06 107 Class A, 0.1% 12/6/13 (Liquidity Facility Citibank NA) (c)(f)(g)	33,200,000		33,200,000
Series MS 3321, 0.05% 12/6/13 (Liquidity Facility Cr. Suisse) (c)(f)(g)	4,170,000		4,170,000
Series Putters 2945, 0.1% 12/6/13 (Liquidity Facility JPMorgan Chase Bank) (c)(f)(g)	1,670,000		1,670,000
Series Putters 3114, 0.1% 12/6/13 (Liquidity Facility JPMorgan Chase Bank) (c)(f)(g)	2,375,000		2,375,000
Series Putters 3162, 0.1% 12/6/13 (Liquidity Facility JPMorgan Chase Bank) (c)(f)(g)	22,605,000		22,605,000
Series Putters 3172, 0.1% 12/6/13 (Liquidity Facility JPMorgan Chase Bank) (c)(f)(g)	13,505,000		13,505,000
Series Putters 4001 Z, 0.1% 12/6/13 (Liquidity Facility JPMorgan Chase Bank) (c)(f)(g)	7,155,000		7,155,000
Series Putters 4129, 0.1% 12/6/13 (Liquidity Facility JPMorgan Chase Bank) (c)(f)(g)	6,170,000		6,170,000
Series RBC O 19, 0.07% 12/6/13 (Liquidity Facility Royal Bank of Canada) (c)(f)(g)	3,470,000		3,470,000
Series ROC II R 11439, 0.06% 12/6/13 (Liquidity Facility Citibank NA) (c)(g)	2,690,000		2,690,000
Variable Rate Demand Note - continued
	Principal Amount		Value
New York & New Jersey - continued
Port Auth. of New York & New Jersey: - continued
Participating VRDN: - continued
Series Solar 06 16, 0.05% 12/6/13 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g)	$ 12,610,000		$ 12,610,000
Series 1991 1, 0.13% 12/30/13, VRDN (c)(f)(h)	8,800,000		8,800,000
Series 1991 3, 0.13% 12/30/13, VRDN (c)(f)(h)	9,800,000		9,800,000
Series 1992 1, 0.1% 12/30/13, VRDN (c)(h)	6,800,000		6,800,000
Series 1995 3, 0.13% 12/30/13, VRDN (c)(f)(h)	9,400,000		9,400,000
Series 1995 4, 0.13% 12/30/13, VRDN (c)(f)(h)	10,500,000		10,500,000
Series 1997 2, 0.1% 12/30/13, VRDN (c)(h)	2,000,000		2,000,000
			228,305,000
North Carolina - 0.1%
Parson County Indl. Facilities and Poll. Cont. Fing. Auth. (CertainTeed Gypsum NC, Inc. Proj.) Series 2010, 0.11% 12/6/13, LOC Cr. Industriel et Commercial, VRDN (c)	2,600,000		2,600,000
Ohio - 0.4%
Ohio Air Quality Dev. Auth. Rev. (Cincinnati Gas & Elec. Co. Proj.):
Series A, 0.25% 12/6/13, VRDN (c)	6,900,000		6,900,000
Series B, 0.15% 12/6/13, VRDN (c)	1,600,000		1,600,000
Ohio Higher Edl. Facility Commission Rev. (Univ. Hosp. Health Sys. Proj.) Series 2008 E, 0.34% 12/6/13, LOC RBS Citizens NA, VRDN (c)	900,000		900,000
			9,400,000
Pennsylvania - 0.1%
Montgomery County Indl. Dev. Auth. Rev. (Foulkeways at Gwynedd Proj.) Series 2006 B, 0.08% 12/6/13, LOC Citizens Bank of Pennsylvania, VRDN (c)	2,300,000		2,300,000
Puerto Rico - 2.3%
Puerto Rico Commonwealth Hwy. & Trans. Auth. Trans. Rev. Series 1998 A, 0.03% 12/6/13, LOC Bank of Nova Scotia, VRDN (c)	44,250,000		44,250,000
Puerto Rico Commonwealth Pub. Impt. Gen. Oblig. Series 2003 C5-2, 0.05% 12/6/13, LOC Barclays Bank PLC, VRDN (c)	12,700,000		12,700,000
			56,950,000
South Carolina - 0.0%
Oconee County Poll. Cont. Rev. (Duke Energy Corp. Proj.) Series 1999 A, 0.11% 12/2/13, VRDN (c)	1,000,000		1,000,000
Variable Rate Demand Note - continued
	Principal Amount		Value
Tennessee - 0.3%
Henderson TN IDB Rev. (Arvin Sango, Inc. Proj.) Series 2012, 0.1% 12/6/13, LOC Bank of Tokyo-Mitsubishi UFJ Ltd., VRDN (c)(f)	$ 5,000,000		$ 5,000,000
Montgomery County Pub. Bldg. Auth. Pooled Fing. Rev. (Tennessee County Ln. Pool Prog.) Series 2002, 0.08% 12/2/13, LOC Bank of America NA, VRDN (c)	1,600,000		1,600,000
			6,600,000
Texas - 0.1%
Gulf Coast Waste Disp. Auth. Solid Waste Disp. Rev. (Waste Mgmt., Inc. Proj.) Series A, 0.07% 12/6/13, LOC JPMorgan Chase Bank, VRDN (c)(f)	1,100,000		1,100,000
Texas Gen. Oblig. Participating VRDN Series SG 152, 0.06% 12/2/13 (Liquidity Facility Societe Generale) (c)(g)	500,000		500,000
			1,600,000
Wyoming - 0.1%
Lincoln County Envir. (PacifiCorp Proj.) Series 1995, 0.21% 12/6/13, VRDN (c)(f)	1,650,000		1,650,000
Sweetwater County Poll. Cont. Rev. (PacifiCorp Proj.) Series 1984, 0.23% 12/6/13, VRDN (c)	600,000		600,000
			2,250,000
TOTAL VARIABLE RATE DEMAND NOTE (Cost $1,486,320,541)		1,486,320,541
Other Municipal Debt - 27.8%

Kentucky - 0.2%
Jefferson County Poll. Cont. Rev. Bonds (Louisville Gas & Elec. Co. Proj.) Series 2001 A, 0.2% tender 12/11/13, CP mode	900,000		900,000
Trimble County Poll. Cont. Rev. Bonds (Louisville Gas & Elec. Co. Proj.) Series 1992 A, 0.32% tender 12/17/13, CP mode (f)	3,500,000		3,500,000
			4,400,000
Massachusetts - 0.2%
Massachusetts Indl. Fin. Agcy. Poll. Cont. Rev. Bonds (New England Pwr. Co. Proj.):
Series 1992, 0.3% tender 12/6/13, CP mode	3,740,000		3,740,000
Series 1993 A, 0.3% tender 12/6/13, CP mode	200,000		200,000
Other Municipal Debt - continued
	Principal Amount		Value
Massachusetts - continued
Massachusetts Indl. Fin. Agcy. Poll. Cont. Rev. Bonds (New England Pwr. Co. Proj.): - continued
Series 1993 B, 0.35% tender 12/30/13, CP mode	$ 1,650,000		$ 1,650,000
Massachusetts State Dev. Fin. Agcy. Elec. Util. Rev. Bonds (Nantucket Elec. Co. Proj.) Series 2007, 0.32% tender 12/17/13, CP mode (f)	400,000		400,000
			5,990,000
New Hampshire - 0.2%
New Hampshire Bus. Fin. Auth. Poll. Cont. Rev. Bonds (New England Pwr. Co. Proj.):
Series 1990 A, 0.35% tender 12/6/13, CP mode (f)	2,600,000		2,600,000
Series 1990 A2, 0.32% tender 12/17/13, CP mode (f)	3,500,000		3,500,000
			6,100,000
New Jersey - 23.2%
Belmar Gen. Oblig. BAN 1.25% 3/14/14	12,200,000		12,219,864
Bergen County Gen. Oblig. Bonds Series 2012 C, 1% 12/1/13	2,100,000		2,100,000
Burlington County Gen. Oblig. BAN Series 2012 D, 1.25% 12/26/13	18,584,718		18,597,661
Chatham Township Gen. Oblig. BAN 1.25% 7/18/14	4,247,000		4,271,421
Clark Township Gen. Oblig. BAN 1% 3/21/14	8,300,000		8,316,931
Cranbury Township Gen. Oblig. BAN 1.5% 1/10/14	4,018,500		4,022,704
Denville Township BAN 1.25% 10/16/14	6,000,000		6,048,610
Edgewater Gen. Oblig. BAN 1.25% 7/25/14	17,487,000		17,584,958
Englewood Gen. Oblig. BAN Series 2013 A, 1.25% 5/2/14	25,300,000		25,379,659
Essex County Gen. Oblig. BAN Series 2013 A, 1% 9/24/14	59,800,000		60,198,150
Fair Lawn Gen. Oblig. BAN 1.25% 9/19/14	8,100,000		8,162,014
Florham Park Gen. Oblig. BAN 1.25% 10/23/14	7,600,000		7,666,318
Highland Park Gen. Oblig. BAN 0.75% 12/31/13	8,200,000		8,202,296
Hopatcong Borough Gen. Oblig. BAN 1.25% 8/1/14	12,400,000		12,481,480
Hopewell Township Gen. Oblig. BAN:
Series 2013 A, 1% 4/11/14	3,824,378		3,834,508
1% 4/11/14	23,928,783		23,999,085
Livingston Township Gen. Oblig. BAN 1.25% 2/13/14	11,900,000		11,923,563
Mahwah Township Gen. Oblig. BAN:
1.25% 8/8/14	6,750,000		6,797,019
1.25% 10/10/14	5,900,000		5,950,949
Mercer County Gen. Oblig.:
BAN Series 2012 A, 1.5% 12/5/13	31,700,000		31,704,400
Bonds Series 2012, 1% 2/1/14	2,910,000		2,914,001
Middlesex County Gen. Oblig. BAN 1% 6/6/14	29,400,000		29,524,717
Other Municipal Debt - continued
	Principal Amount		Value
New Jersey - continued
Millburn Township Gen. Oblig. BAN 1% 6/19/14	$ 7,295,000		$ 7,316,066
Monmouth County Impt. Auth. Rev. BAN Series 2013, 2% 12/4/14 (Monmouth County N J Guaranteed) (b)	9,400,000		9,568,354
New Jersey Econ. Dev. Auth. Rev. Bonds (Keystone Urban Renewal Proj.) Series 1992, 0.25% tender 12/17/13, LOC BNP Paribas SA, CP mode (f)	7,700,000		7,700,000
New Jersey Econ. Dev. Auth. School Facilities Construction Rev. Bonds:
Series 2004, 5.75% 6/15/14 (Pre-Refunded to 6/15/14 @ 100)	2,500,000		2,574,235
Series 2009, 5% 12/15/13 (Escrowed to Maturity)	6,400,000		6,411,793
New Jersey Edl. Facilities Auth. Rev. Series 1997 A:
0.08% 12/4/13, CP	7,600,000		7,600,000
0.1% 1/23/14, CP	8,500,000		8,500,000
New Jersey Envir. Infrastructure Trust Bonds Series 2005 A, 5% 9/1/14	930,000		963,254
New Jersey Trans. Trust Fund Auth. Bonds:
Series 2001 C, 5.5% 12/15/13	3,160,000		3,166,385
Series 2003 A, 5.5% 12/15/13	4,245,000		4,253,588
Series 2004 B, 5.25% 12/15/14	1,705,000		1,793,595
Series 2005 A:
5.25% 12/15/13	1,125,000		1,127,231
5.25% 12/15/13	3,455,000		3,461,660
Series 2011 A, 5% 6/15/14	1,115,000		1,143,822
Series 2013 A, 1% 12/15/13	5,960,000		5,961,797
North Brunswick Township Gen. Oblig. BAN Series 2013 A, 1.25% 8/5/14	28,378,500		28,583,585
Oakland Gen. Oblig. BAN 1.25% 2/7/14	8,103,020		8,114,585
Ocean Township Gen. Oblig. BAN Series 2012, 1.5% 12/18/13	13,941,890		13,947,568
Parsippany Troy Hills Township Gen. Oblig. BAN Series 2013, 1.25% 10/1/14	25,400,000		25,621,494
Passaic County Gen. Oblig. BAN Series 2012 A, 1.25% 12/27/13	23,500,000		23,516,349
Princeton Borough Gen. Oblig. BAN 1.25% 10/31/14	6,500,000		6,558,111
Randolph Township Gen. Oblig. BAN 1.25% 3/26/14	7,045,000		7,065,576
Robbinsville Township Gen. Oblig. BAN Series 2013 A, 1.25% 8/4/14	14,535,676		14,633,322
Rockaway Township Gen. Oblig. BAN 1.25% 11/21/14	4,400,000		4,439,200
Rutgers State Univ. Rev. Bonds Series 2013 J:
1% 5/1/14	6,740,000		6,762,832
1% 5/1/14	3,900,000		3,913,212
Other Municipal Debt - continued
	Principal Amount		Value
New Jersey - continued
Springfield Township Gen. Oblig. BAN:
1.25% 7/24/14	$ 7,890,000		$ 7,938,614
1.25% 8/8/14	8,000,000		8,048,571
Township of Bridgewater BAN 1.25% 9/11/14	4,533,019		4,565,699
Union County Gen. Oblig. Bonds Series 2012 A, 3% 3/1/14	4,060,000		4,087,788
Upper Saddle River Gen. Oblig. BAN 1.25% 2/21/14	5,007,652		5,017,963
Watchung Gen. Oblig. BAN 1.25% 2/28/14	4,381,200		4,389,490
West Milford Township Gen. Oblig. BAN 1% 4/11/14	9,382,303		9,403,753
			570,049,800
New York - 0.1%
Port Auth. of New York & New Jersey Bonds 154th Series 5% 9/1/14	1,275,000		1,321,132
New York & New Jersey - 3.8%
Port Auth. of New York & New Jersey:
Bonds:
131st Series 5% 12/15/13 (f)	1,000,000		1,000,765
172nd Series, 3% 10/1/14 (f)	3,200,000		3,273,735
Series 2013 A:
0.12% 2/5/14, CP (f)	2,395,000		2,395,000
0.12% 2/11/14, CP (f)	21,095,000		21,095,000
0.12% 2/19/14, CP (f)	3,400,000		3,400,000
0.12% 3/4/14, CP (f)	12,020,000		12,020,000
0.14% 12/2/13, CP (f)	16,105,000		16,105,000
0.14% 12/10/13, CP (f)	8,935,000		8,935,000
0.15% 1/9/14, CP (f)	2,205,000		2,205,000
Series 2013 B:
0.1% 2/11/14, CP	8,918,000		8,918,000
0.11% 1/7/14, CP	6,203,000		6,203,000
0.12% 3/4/14, CP	5,234,000		5,234,000
0.13% 1/23/14, CP (f)	2,650,000		2,650,000
			93,434,500
South Carolina - 0.1%
York County Poll. Cont. Rev. Bonds 0.3% tender 12/2/13, CP mode	2,500,000		2,500,000
Virginia - 0.0%
Halifax County Indl. Dev. Auth. Poll. Cont. Rev. Bonds (Virginia Elec. & Pwr. Co. Proj.) Series 1992, 0.7% tender 12/18/13, CP mode (f)	500,000		500,000
TOTAL OTHER MUNICIPAL DEBT (Cost $684,295,432)		684,295,432
Investment Company - 11.2%
	Principal Amount		Value
Fidelity Municipal Cash Central Fund, 0.07% (d)(e) (Cost $275,019,000)	$ 275,019,000		$ 275,019,000
TOTAL INVESTMENT PORTFOLIO - 99.4% (Cost $2,445,634,973)			2,445,634,973
NET OTHER ASSETS (LIABILITIES) - 0.6%			15,701,639
NET ASSETS - 100%		$ 2,461,336,612

Security Type Abbreviations
BAN	-	BOND ANTICIPATION NOTE
CP	-	COMMERCIAL PAPER
VRDN	-	VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly)

Legend

(a) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $6,460,000 or 0.3% of net assets.

(b) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(d) Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Municipal Cash Central Fund.

(e) Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

(f) Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.

(g) Provides evidence of ownership in one or more underlying municipal bonds.

(h) Restricted securities - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $47,300,000 or 1.9% of net assets.

Additional information on each restricted holding is as follows:

Security	Acquisition Date	Cost
Port Auth. of New York & New Jersey Series 1991 1, 0.13% 12/30/13, VRDN	6/18/91	$ 8,800,000
Port Auth. of New York & New Jersey Series 1991 3, 0.13% 12/30/13, VRDN	12/3/03	$ 9,800,000
Security	Acquisition Date	Cost
Port Auth. of New York & New Jersey Series 1992 1, 0.1% 12/30/13, VRDN	2/14/92	$ 6,800,000
Port Auth. of New York & New Jersey Series 1995 3, 0.13% 12/30/13, VRDN	9/15/95	$ 9,400,000
Port Auth. of New York & New Jersey Series 1995 4, 0.13% 12/30/13, VRDN	8/9/02	$ 10,500,000
Port Auth. of New York & New Jersey Series 1997 2, 0.1% 12/30/13, VRDN	10/26/12 - 11/8/13	$ 2,000,000

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned
Fidelity Municipal Cash Central Fund	$ 249,018

Other Information

All investments are categorized as Level 2 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity New Jersey Municipal Money Market Fund

Financial Statements

Statement of Assets and Liabilities

	November 30, 2013

Assets
Investment in securities, at value - See accompanying schedule: Unaffiliated issuers (cost $2,170,615,973)	$ 2,170,615,973
Fidelity Central Funds (cost $275,019,000)	275,019,000
Total Investments (cost $2,445,634,973)		$ 2,445,634,973
Cash		1,405,195
Receivable for investments sold Regular delivery		28,765,000
Delayed delivery		6,000,013
Receivable for fund shares sold		25,892,222
Interest receivable		3,821,250
Distributions receivable from Fidelity Central Funds		16,042
Prepaid expenses		6,397
Other receivables		196
Total assets		2,511,541,288

Liabilities
Payable for investments purchased Regular delivery	$ 20,937,034
Delayed delivery	9,568,354
Payable for fund shares redeemed	18,866,068
Distributions payable	725
Accrued management fee	212,081
Other affiliated payables	581,188
Other payables and accrued expenses	39,226
Total liabilities		50,204,676

Net Assets		$ 2,461,336,612
Net Assets consist of:
Paid in capital		$ 2,461,326,210
Accumulated undistributed net realized gain (loss) on investments		10,402
Net Assets, for 2,459,672,947 shares outstanding		$ 2,461,336,612
Net Asset Value, offering price and redemption price per share ($2,461,336,612 ÷ 2,459,672,947 shares)		$ 1.00

See accompanying notes which are an integral part of the financial statements.

Annual Report

Statement of Operations

	Year ended November 30, 2013

Investment Income
Interest		$ 3,721,067
Income from Fidelity Central Funds		249,018
Total income		3,970,085

Expenses
Management fee	$ 8,848,872
Transfer agent fees	3,117,431
Accounting fees and expenses	228,972
Custodian fees and expenses	29,766
Independent trustees' compensation	9,233
Registration fees	34,336
Audit	41,117
Legal	11,363
Miscellaneous	14,419
Total expenses before reductions	12,335,509
Expense reductions	(8,607,281)	3,728,228
Net investment income (loss)		241,857
Realized and Unrealized Gain (Loss) Net realized gain (loss) on:
Investment securities:
Unaffiliated issuers		35,639
Net increase in net assets resulting from operations		$ 277,496

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity New Jersey Municipal Money Market Fund
Financial Statements - continued

Statement of Changes in Net Assets

	Year ended November 30, 2013	Year ended November 30, 2012
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 241,857	$ 221,567
Net realized gain (loss)	35,639	44,263
Net increase in net assets resulting from operations	277,496	265,830
Distributions to shareholders from net investment income	(243,175)	(220,458)
Share transactions at net asset value of $1.00 per share Proceeds from sales of shares	6,097,340,105	5,431,216,836
Reinvestment of distributions	235,209	215,933
Cost of shares redeemed	(5,891,195,690)	(5,313,856,569)
Net increase (decrease) in net assets and shares resulting from share transactions	206,379,624	117,576,200
Total increase (decrease) in net assets	206,413,945	117,621,572

Net Assets
Beginning of period	2,254,922,667	2,137,301,095
End of period	$ 2,461,336,612	$ 2,254,922,667

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights

Years ended November 30,	2013	2012	2011	2010	2009
Selected Per-Share Data
Net asset value, beginning of period	$ 1.00	$ 1.00	$ 1.00	$ 1.00	$ 1.00
Income from Investment Operations
Net investment income (loss)	- ^D	- ^D	- ^D	- ^D	.001
Net realized and unrealized gain (loss) ^D	-	-	-	-	-
Total from investment operations	- ^D	- ^D	- ^D	- ^D	.001
Distributions from net investment income	- ^D	- ^D	- ^D	- ^D	(.001)
Net asset value, end of period	$ 1.00	$ 1.00	$ 1.00	$ 1.00	$ 1.00
Total Return ^A	.01%	.01%	.01%	.01%	.11%
Ratios to Average Net Assets ^{B, C}
Expenses before reductions	.51%	.51%	.51%	.51%	.55%
Expenses net of fee waivers, if any	.15%	.22%	.25%	.30%	.51%
Expenses net of all reductions	.15%	.22%	.25%	.30%	.51%
Net investment income (loss)	.01%	.01%	.01%	.01%	.11%
Supplemental Data
Net assets, end of period (000 omitted)	$ 2,461,337	$ 2,254,923	$ 2,137,301	$ 2,075,946	$ 2,241,592

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^C Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed or waived or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements, waivers or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement and waivers but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund.

^D Amount represents less than $.001 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Notes to Financial Statements

For the period ended November 30, 2013

1. Organization.

Fidelity New Jersey Municipal Income Fund (the Income Fund) is a fund of Fidelity Court Street Trust. Fidelity New Jersey Municipal Money Market Fund (the Money Market Fund) is a fund of Fidelity Court Street Trust II. Each Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company. Fidelity Court Street Trust and Fidelity Court Street Trust II (the Trusts) are organized as a Massachusetts business trust and a Delaware statutory trust, respectively. The Income Fund is a non-diversified fund. Each Fund is authorized to issue an unlimited number of shares. Each Fund may be affected by economic and political developments in the state of New Jersey.

2. Investments in Fidelity Central Funds.

The Funds may invest in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Funds' Schedules of Investments list each of the Fidelity Central Funds held as of period end, if any, as an investment of each Fund, but does not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, each Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds, which are not covered by the Funds' Report of Independent Registered Public Accounting Firm, are available on the SEC website or upon request.

3. Significant Accounting Policies.

Annual Report

Notes to Financial Statements - continued

3. Significant Accounting Policies - continued

the financial statements. The following summarizes the significant accounting policies of the Funds:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Income Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee), in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Income Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations.

Each Fund categorizes the inputs to valuation techniques used to value their investments into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value each Fund's investments by major category are as follows:

For the Income Fund, debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. For municipal securities, pricing vendors utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

For the Money Market Fund, as permitted by compliance with certain conditions under Rule 2a-7 of the 1940 Act, securities are valued at amortized cost, which approximates fair value. The amortized cost of an instrument is determined by valuing it at its original

Annual Report

3. Significant Accounting Policies - continued

Investment Valuation - continued

cost and thereafter amortizing any discount or premium from its face value at a constant rate until maturity. Securities held by a money market fund are generally high quality and liquid; however, they are reflected as Level 2 because the inputs used to determine fair value are not quoted prices in an active market.

For the Income Fund, changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

Investment Transactions and Income. For financial reporting purposes, the Funds' investment holdings and net asset value (NAV) include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day for the Income Fund and trades executed through the end of the current business day for the Money Market Fund. Gains and losses on securities sold are determined on the basis of identified cost. Interest income and distributions from the Fidelity Central Funds are accrued as earned. Interest income includes coupon interest and amortization of premium and accretion of discount on debt securities.

Expenses. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. As of November 30, 2013, each Fund did not have any unrecognized tax benefits in the financial statements; nor is each Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.

Dividends are declared and recorded daily and paid monthly from net investment income. Distributions from realized gains, if any, are declared and recorded on the

Annual Report

Notes to Financial Statements - continued

3. Significant Accounting Policies - continued

Income Tax Information and Distributions to Shareholders - continued

ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP. In addition, the Fund claimed a portion of the payment made to redeeming shareholders as a distribution for income tax purposes.

Book-tax differences are primarily due to market discount, deferred trustees compensation, capital loss carryforwards and losses deferred due to excise tax regulations.

The Funds purchase municipal securities whose interest, in the opinion of the issuer, is free from federal income tax. There is no assurance that the IRS will agree with this opinion. In the event the IRS determines that the issuer does not comply with relevant tax requirements, interest payments from a security could become federally taxable, possibly retroactively to the date the security was issued.

The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows for each Fund:

	Tax cost	Gross unrealized appreciation	Gross unrealized depreciation	Net unrealized appreciation (depreciation) on securities and other investments
Fidelity New Jersey Municipal Income Fund	$ 581,682,643	$ 21,228,929	$ (11,902,120)	$ 9,326,809
Fidelity New Jersey Municipal Money Market Fund	2,445,634,973	-	-	-

The tax-based components of distributable earnings as of period end were as follows for each Fund:

	Undistributed tax-exempt income	Undistributed long-term capital gain	Capital loss carryforward	Net unrealized appreciation (depreciation)
Fidelity New Jersey Municipal Income Fund	$ -	$ 3,478,406	$ -	$ 9,326,809
Fidelity New Jersey Municipal Money Market Fund	34,191	-	(23,399)	-

Annual Report

3. Significant Accounting Policies - continued

Income Tax Information and Distributions to Shareholders - continued

Capital loss carryforwards are only available to offset future capital gains of the Funds to the extent provided by regulations and may be limited. Under the Regulated Investment Company Modernization Act of 2010 (the Act), the Funds are permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period and such capital losses are required to be used prior to any losses that expire. The capital loss carryforward information presented below, including any applicable limitation, is estimated as of fiscal period end and is subject to adjustment.

Fiscal year of expiration

2017

2019

Total capital loss
carryforward

Fidelity New Jersey Municipal Money Market Fund

$ (23,360)

$ (39)

$ (23,399)

The tax character of distributions paid was as follows:

November 30, 2013
	Tax-Exempt Income	Ordinary Income	Long-term Capital Gains	Total
Fidelity New Jersey Municipal Income Fund	$ 21,622,264	$ 335,052	$ 1,116,839	$ 23,074,155
Fidelity New Jersey Municipal Money Market Fund	243,175	-	-	243,175
November 30, 2012
	Tax-Exempt Income	Ordinary Income	Long-term Capital Gains	Total
Fidelity New Jersey Municipal Income Fund	$ 22,463,191	$ -	$ -	$ 22,463,191
Fidelity New Jersey Municipal Money Market Fund	220,458	-	-	220,458

Short-Term Trading (Redemption) Fees. Shares held by investors in the Income Fund less than 30 days may be subject to a redemption fee equal to .50% of the net asset value of shares redeemed. All redemption fees, which reduce the proceeds of the shareholder redemption, are retained by the Fund and accounted for as an addition to paid in capital.

Annual Report

Notes to Financial Statements - continued

3. Significant Accounting Policies - continued

Delayed Delivery Transactions and When-Issued Securities - continued

Schedule of Investments. With respect to purchase commitments, each applicable Fund identifies securities as segregated in its records with a value at least equal to the amount of the commitment. Losses may arise due to changes in the value of the underlying securities or if the counterparty does not perform under the contract's terms, or if the issuer does not issue the securities due to political, economic, or other factors.

Restricted Securities. The Funds may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities is included at the end of each applicable Fund's Schedule of Investments.

4. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities, for the Income Fund aggregated $112,840,266 and $137,670,114, respectively.

5. Fees and Other Transactions with Affiliates.

Management Fee. Fidelity Management & Research Company (the investment adviser) and its affiliates provide the Funds with investment management related services for which the Funds pay a monthly management fee. The management fee is the sum of an individual fund fee rate and an annualized group fee rate. The individual fund fee rate is applied to each Fund's average net assets. The group fee rate is based upon the average net assets of all the mutual funds advised by the investment adviser, including any mutual funds previously advised by the investment adviser that are currently advised by Fidelity Select Co., LLC, an affiliate of the investment adviser. The group fee rate decreases as assets under management increase and increases as assets under management decrease. For the reporting period, each Fund's annual management fee rate expressed as a percentage of each Fund's average net assets was as follows:

	Individual Rate	Group Rate	Total
Fidelity New Jersey Municipal Income Fund	.25%	.11%	.36%
Fidelity New Jersey Municipal Money Market Fund	.25%	.11%	.36%

Annual Report

5. Fees and Other Transactions with Affiliates - continued

Transfer Agent and Accounting Fees - continued

an affiliate of the investment adviser, under which FIIOC performs the activities associated with the Funds' transfer agency, dividend disbursing and shareholder servicing functions. The Funds pay Citibank account fees and asset-based fees that vary according to account size and type of account. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements. For the period, the transfer agent fees were equivalent to the following annual rates expressed as a percentage of average net assets:

Fidelity New Jersey Municipal Income Fund	.07%
Fidelity New Jersey Municipal Money Market Fund	.13%

6. Committed Line of Credit.

The Income Fund participates with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The participating funds have agreed to pay commitment fees on their pro-rata portion of the line of credit, which are reflected in Miscellaneous expenses on the Statement of Operations, and are as follows:

Fidelity New Jersey Municipal Income Fund

$ 1,469

During the period, there were no borrowings on this line of credit.

7. Expense Reductions.

The investment adviser or its affiliates voluntarily agreed to waive certain fees for the Money Market Fund in order to maintain a minimum annualized yield of .01%. Such arrangements may be discontinued by the investment adviser at any time. For the period, the amount of the waiver was $8,598,564.

Annual Report

Notes to Financial Statements - continued

7. Expense Reductions - continued

Through arrangements with Citibank, credits realized as a result of uninvested cash balances were used to reduce fund expenses. These expense reductions are noted in the table below.

	Custody expense reduction	Transfer Agent expense reduction	Accounting expense reduction
Fidelity New Jersey Municipal Income Fund	$ 5,390	$ 1,738	$ 5
Fidelity New Jersey Municipal Money Market Fund	7,579	1,061	77

8. Other.

The Funds' organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Funds. In the normal course of business, the Funds may also enter into contracts that provide general indemnifications. The Funds' maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Funds. The risk of material loss from such claims is considered remote.

Annual Report

Report of Independent Registered Public Accounting Firm

To the Trustees of Fidelity Court Street Trust and Fidelity Court Street Trust II and the Shareholders of Fidelity New Jersey Municipal Income Fund and Fidelity New Jersey Municipal Money Market Fund:

In our opinion, the accompanying statements of assets and liabilities, including the schedules of investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Fidelity New Jersey Municipal Income Fund (a fund of Fidelity Court Street Trust) and Fidelity New Jersey Municipal Money Market Fund (a fund of Fidelity Court Street Trust II) at November 30, 2013 the results of each of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended and the financial highlights for each of the five years in the period then ended, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as "financial statements") are the responsibility of the Fidelity Court Street Trust's and Fidelity Court Street Trust II's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at November 30, 2013 by correspondence with the custodian and brokers, provide a reasonable basis for our opinion.

PricewaterhouseCoopers LLP

Boston, Massachusetts

January 14, 2014

Annual Report

Trustees and Officers

The Trustees, Member of the Advisory Board, and officers of the trusts and funds, as applicable, are listed below. The Board of Trustees governs each fund and is responsible for protecting the interests of shareholders. The Trustees are experienced executives who meet periodically throughout the year to oversee each fund's activities, review contractual arrangements with companies that provide services to each fund, oversee management of the risks associated with such activities and contractual arrangements, and review each fund's performance. Except for James C. Curvey, each of the Trustees oversees 223 funds. Mr. Curvey oversees 396 funds.

The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust. Each Trustee who is not an interested person (as defined in the 1940 Act) of the trust and the funds (Independent Trustee), shall retire not later than the last day of the month in which his or her 75th birthday occurs. The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees. The officers and Advisory Board Member hold office without limit in time, except that any officer and Advisory Board Member may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years.

Experience, Skills, Attributes, and Qualifications of the Funds' Trustees. The Governance and Nominating Committee has adopted a statement of policy that describes the experience, qualifications, attributes, and skills that are necessary and desirable for potential Independent Trustee candidates (Statement of Policy). The Board believes that each Trustee satisfied at the time he or she was initially elected or appointed a Trustee, and continues to satisfy, the standards contemplated by the Statement of Policy. The Governance and Nominating Committee also engages professional search firms to help identify potential Independent Trustee candidates who have the experience, qualifications, attributes, and skills consistent with the Statement of Policy. From time to time, additional criteria based on the composition and skills of the current Independent Trustees, as well as experience or skills that may be appropriate in light of future changes to board composition, business conditions, and regulatory or other developments, have also been considered by the professional search firms and the Governance and Nominating Committee. In addition, the Board takes into account the Trustees' commitment and participation in Board and committee meetings, as well as their leadership of standing and ad hoc committees throughout their tenure.

In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing each fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the funds, is provided below.

Annual Report

Board Structure and Oversight Function. Abigail P. Johnson is an interested person (as defined in the 1940 Act) and currently serves as Chairman. The Trustees have determined that an interested Chairman is appropriate and benefits shareholders because an interested Chairman has a personal and professional stake in the quality and continuity of services provided to the funds. Independent Trustees exercise their informed business judgment to appoint an individual of their choosing to serve as Chairman, regardless of whether the Trustee happens to be independent or a member of management. The Independent Trustees have determined that they can act independently and effectively without having an Independent Trustee serve as Chairman and that a key structural component for assuring that they are in a position to do so is for the Independent Trustees to constitute a substantial majority for the Board. The Independent Trustees also regularly meet in executive session. Albert R. Gamper, Jr. serves as Chairman of the Independent Trustees and as such (i) acts as a liaison between the Independent Trustees and management with respect to matters important to the Independent Trustees and (ii) with management prepares agendas for Board meetings.

Fidelity funds are overseen by different Boards of Trustees. The funds' Board oversees Fidelity's investment-grade bond, money market, and asset allocation funds and another Board oversees Fidelity's equity and high income funds. The asset allocation funds may invest in Fidelity funds that are overseen by such other Board. The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity funds to focus on the unique issues of the funds they oversee, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity funds overseen by each Board.

The Trustees operate using a system of committees to facilitate the timely and efficient consideration of all matters of importance to the Trustees, each fund, and fund shareholders and to facilitate compliance with legal and regulatory requirements and oversight of the funds' activities and associated risks. The Board, acting through its committees, has charged FMR and its affiliates with (i) identifying events or circumstances the occurrence of which could have demonstrably adverse effects on the funds' business and/or reputation; (ii) implementing processes and controls to lessen the possibility that such events or circumstances occur or to mitigate the effects of such events or circumstances if they do occur; and (iii) creating and maintaining a system designed to evaluate continuously business and market conditions in order to facilitate the identification and implementation processes described in (i) and (ii) above. Because the day-to-day operations and activities of the funds are carried out by or through FMR, its affiliates, and other service providers, the funds' exposure to risks is mitigated but not eliminated by the processes overseen by the Trustees. While each of the Board's committees has responsibility for overseeing different aspects of the funds' activities, oversight is exercised primarily through the Operations and Audit Committees. In addition, an ad hoc Board committee of Independent Trustees has worked with FMR to enhance the Board's oversight of investment and financial risks, legal and regulatory risks, technology risks, and operational risks, including the development of additional risk reporting to the Board. The Operations Committee also worked and continues to work with FMR to enhance the stress tests required under SEC regulations for money market funds. Appropriate personnel, including but not limited to the funds' Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the funds' Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of FMR's risk management program for the Fidelity funds. The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Funds' Trustees."

Annual Report

Trustees and Officers - continued

The funds' Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-544-8544.

Interested Trustees*:

Correspondence intended for each Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupations and Other Relevant Experience⁺
James C. Curvey (1935)
Year of Election or Appointment: 2008 Trustee
	Mr. Curvey also serves as Trustee of other Fidelity funds. Mr. Curvey is a Director of Fidelity Investments Money Management, Inc. (2009-present), Director of Fidelity Research & Analysis Co. (2009-present) and Director of FMR and FMR Co., Inc. (2007-present). Mr. Curvey is also Vice Chairman (2007-present) and Director of FMR LLC. In addition, Mr. Curvey serves as an Overseer for the Boston Symphony Orchestra and a member of the Trustees of Villanova University. Previously, Mr. Curvey was the Vice Chairman (2006-2007) and Director (2000-2007) of FMR Corp.
Abigail P. Johnson (1961)
Year of Election or Appointment: 2009 Trustee Chairman of the Board of Trustees
	Ms. Johnson also serves as Trustee of other Fidelity funds. Ms. Johnson serves as President of FMR LLC (2013-present), President of Fidelity Financial Services (2012-present) and President of Personal, Workplace and Institutional Services (2005-present). Ms. Johnson is Chairman and Director of FMR Co., Inc. (2011-present), Chairman and Director of FMR (2011-present), and the Vice Chairman and Director (2007-present) of FMR LLC. Previously, Ms. Johnson served as President and a Director of FMR (2001-2005), a Trustee of other investment companies advised by FMR, Fidelity Investments Money Management, Inc., and FMR Co., Inc. (2001-2005), Senior Vice President of the Fidelity funds (2001-2005), and managed a number of Fidelity funds. Ms. Abigail P. Johnson and Mr. Arthur E. Johnson are not related.

* Trustees have been determined to be "Interested Trustees" by virtue of, among other things, their affiliation with the trusts or various entities under common control with FMR.

Annual Report

Trustees and Officers - continued

Independent Trustees:

Correspondence intended for each Independent Trustee (that is, the Trustees other than the Interested Trustees) may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.

Name, Year of Birth; Principal Occupations and Other Relevant Experience⁺
Albert R. Gamper, Jr. (1942)
Year of Election or Appointment: 2006 Trustee Chairman of the Independent Trustees
	Mr. Gamper also serves as Trustee of other Fidelity funds. Prior to his retirement in December 2004, Mr. Gamper served as Chairman of the Board of CIT Group Inc. (commercial finance). During his tenure with CIT Group Inc. Mr. Gamper served in numerous senior management positions, including Chairman (1987-1989; 1999-2001; 2002-2004), Chief Executive Officer (1987-2004), and President (2002-2003). Mr. Gamper currently serves as a member of the Board of Directors of Public Service Enterprise Group (utilities, 2000-present), a member of the Board of Trustees, Rutgers University (2004-present), and Chairman of the Board of Barnabas Health Care System. Previously, Mr. Gamper served as Vice Chairman of the Independent Trustees of certain Fidelity funds (2011-2012) and as Chairman of the Board of Governors, Rutgers University (2004-2007).
Robert F. Gartland (1951)
Year of Election or Appointment: 2010 Trustee
	Mr. Gartland also serves as Trustee of other Fidelity funds. Mr. Gartland is Chairman and an investor in Gartland and Mellina Group Corp. (consulting, 2009-present). Previously, Mr. Gartland served as a partner and investor of Vietnam Partners LLC (investments and consulting, 2008-2011). Prior to his retirement, Mr. Gartland held a variety of positions at Morgan Stanley (financial services, 1979-2007) including Managing Director (1987-2007).
Arthur E. Johnson (1947)
Year of Election or Appointment: 2008 Trustee
	Mr. Johnson also serves as Trustee of other Fidelity funds. Mr. Johnson serves as a member of the Board of Directors of Eaton Corporation (diversified power management, 2009-present), AGL Resources, Inc. (holding company, 2002-present) and Booz Allen Hamilton (management consulting, 2011-present). Prior to his retirement, Mr. Johnson served as Senior Vice President of Corporate Strategic Development of Lockheed Martin Corporation (defense contractor, 1999-2009). He previously served on the Board of Directors of IKON Office Solutions, Inc. (1999-2008) and Delta Airlines (2005-2007). Mr. Arthur E. Johnson is not related to Ms. Abigail P. Johnson.
Michael E. Kenneally (1954)
Year of Election or Appointment: 2009 Trustee
	Mr. Kenneally also serves as Trustee of other Fidelity funds. Mr. Kenneally served as a Member of the Advisory Board for certain Fidelity funds before joining the Board of Trustees (2008-2009). Prior to his retirement, Mr. Kenneally served as Chairman and Global Chief Executive Officer of Credit Suisse Asset Management. Before joining Credit Suisse, he was an Executive Vice President and Chief Investment Officer for Bank of America Corporation. Earlier roles at Bank of America included Director of Research, Senior Portfolio Manager and Research Analyst, and Mr. Kenneally was awarded the Chartered Financial Analyst (CFA) designation in 1991.
James H. Keyes (1940)
Year of Election or Appointment: 2007 Trustee
	Mr. Keyes also serves as Trustee of other Fidelity funds. Mr. Keyes serves as a member of the Board and Non-Executive Chairman of Navistar International Corporation (manufacture and sale of trucks, buses, and diesel engines, since 2002). Previously, Mr. Keyes served as a member of the Board of Pitney Bowes, Inc. (integrated mail, messaging, and document management solutions, 1998-2013). Prior to his retirement, Mr. Keyes served as Chairman (1993-2002) and Chief Executive Officer (1988-2002) of Johnson Controls (automotive, building, and energy) and as a member of the Board of LSI Logic Corporation (semiconductor technologies, 1984-2008).
Marie L. Knowles (1946)
Year of Election or Appointment: 2001 Trustee Vice Chairman of the Independent Trustees
	Ms. Knowles also serves as Trustee of other Fidelity funds. Prior to Ms. Knowles' retirement in June 2000, she served as Executive Vice President and Chief Financial Officer of Atlantic Richfield Company (ARCO) (diversified energy, 1996-2000). From 1993 to 1996, she was a Senior Vice President of ARCO and President of ARCO Transportation Company. She served as a Director of ARCO from 1996 to 1998. Ms. Knowles currently serves as a Director and Chairman of the Audit Committee of McKesson Corporation (healthcare service, since 2002). Ms. Knowles is a member of the Board of the Catalina Island Conservancy and of the Santa Catalina Island Company (2009-present). She also serves as a member of the Advisory Board for the School of Engineering of the University of Southern California. Previously, Ms. Knowles served as a Director of Phelps Dodge Corporation (copper mining and manufacturing, 1994-2007), URS Corporation (engineering and construction, 2000-2003) and America West (airline, 1999-2002).
Kenneth L. Wolfe (1939)
Year of Election or Appointment: 2005 Trustee
	Mr. Wolfe also serves as Trustee of other Fidelity funds. Prior to his retirement, Mr. Wolfe served as Chairman and a Director (2007-2009) and Chairman and Chief Executive Officer (1994-2001) of Hershey Foods Corporation. He also served as a member of the Boards of Adelphia Communications Corporation (telecommunications, 2003-2006), Bausch & Lomb, Inc. (medical/pharmaceutical, 1993-2007), and Revlon, Inc. (personal care products, 2004-2009). Mr. Wolfe previously served as Chairman of the Independent Trustees of other Fidelity funds (2008-2012).

Annual Report

Advisory Board Member and Officers:

Name, Year of Birth; Principal Occupation
Elizabeth S. Acton (1951)
Year of Election or Appointment: 2013 Member of the Advisory Board
	Ms. Acton also serves as Trustee or Member of the Advisory Board of other Fidelity funds. Prior to her retirement in April 2012, Ms. Acton was Executive Vice President, Finance (2011-2012), Executive Vice President, Chief Financial Officer (2002-2011), and Treasurer (2004-2005) of Comerica Incorporated (financial services). Prior to joining Comerica, Ms. Acton held a variety of positions at Ford Motor Company (1983-2002), including Vice President and Treasurer (2000-2002) and Executive Vice President and Chief Financial Officer of Ford Motor Credit Company (1998-2000). Ms. Acton currently serves as a member of the Board of Directors and Audit and Finance Committees of Beazer Homes USA, Inc. (homebuilding, 2012-present).
Elizabeth Paige Baumann (1968)
Year of Election or Appointment: 2012 Anti-Money Laundering (AML) Officer
	Ms. Baumann also serves as AML Officer of other funds. She is Chief AML Officer of FMR LLC (2012-present) and is an employee of Fidelity Investments. Previously, Ms. Baumann served as Vice President and Deputy Anti-Money Laundering Officer (2007-2012).
Robert P. Brown (1963)
Year of Election or Appointment: 2012 Vice President of Fidelity's Bond Funds
	Mr. Brown also serves as Vice President of other funds. Mr. Brown serves as Executive Vice President of Fidelity Investments Money Management, Inc. (FIMM) (2010-present), President, Bond Group of FMR (2011-present), Director and Managing Director, Research of Fidelity Management & Research (U.K.) Inc. (2008-present), and is an employee of Fidelity Investments. Previously, Mr. Brown served as President, Money Market Group of FMR (2010-2011) and Vice President of Fidelity's Money Market Funds (2010-2012).
Marc Bryant (1966)
Year of Election or Appointment: 2013 Assistant Secretary
	Mr. Bryant also serves as an officer of other funds. He is Senior Vice President and Deputy General Counsel of FMR LLC. Prior to joining Fidelity Investments, Mr. Bryant served as a Senior Vice President and the Head of Global Retail Legal for AllianceBernstein L.P. (2006-2010), and as the General Counsel for ProFund Advisors LLC (2001-2006).
Jonathan Davis (1968)
Year of Election or Appointment: 2010 Assistant Treasurer
	Mr. Davis also serves as Assistant Treasurer of other funds. Mr. Davis is an employee of Fidelity Investments. Previously, Mr. Davis served as Vice President and Associate General Counsel of FMR LLC (2003-2010).
Adrien E. Deberghes (1967)
Year of Election or Appointment: 2010 Assistant Treasurer
	Mr. Deberghes also serves as an officer of other funds. He is an employee of Fidelity Investments (2008-present). Prior to joining Fidelity Investments, Mr. Deberghes was Senior Vice President of Mutual Fund Administration at State Street Corporation (2007-2008), Senior Director of Mutual Fund Administration at Investors Bank & Trust (2005-2007), and Director of Finance for Dunkin' Brands (2000-2005).
Stephanie J. Dorsey (1969)
Year of Election or Appointment: 2013 President and Treasurer
	Ms. Dorsey also serves as an officer of other funds. She is an employee of Fidelity Investments (2008-present) and has served in other fund officer roles. Prior to joining Fidelity Investments, Ms. Dorsey served as Treasurer (2004-2008) of the JPMorgan Mutual Funds and Vice President (2004-2008) of JPMorgan Chase Bank.
Scott C. Goebel (1968)
Year of Election or Appointment: 2008 Secretary and Chief Legal Officer (CLO)
	Mr. Goebel serves as Secretary and CLO of other funds. Mr. Goebel also serves as Secretary of Fidelity Investments Money Management, Inc. (FIMM) (2010-present) and Fidelity Research and Analysis Company (FRAC) (2010-present); General Counsel, Secretary, and Senior Vice President of FMR (2008-present) and FMR Co., Inc. (2008-present); Chief Legal Officer of Fidelity Management & Research (Hong Kong) Limited (2008-present) and Assistant Secretary of Fidelity Management & Research (Japan) Inc. (2008-present), and Fidelity Management & Research (U.K.) Inc. (2008-present). Previously, Mr. Goebel served as Secretary and CLO of other Fidelity funds (2008-2013), Assistant Secretary of FIMM (2008-2010), FRAC (2008-2010), and certain funds (2007-2008); and as Vice President and Secretary of Fidelity Distributors Corporation (FDC) (2005-2007). Mr. Goebel has been employed by FMR LLC or an affiliate since 2001.
Chris Maher (1972)
Year of Election or Appointment: 2013 Assistant Treasurer
	Mr. Maher serves as Assistant Treasurer of other funds. Mr. Maher is Vice President of Valuation Oversight and is an employee of Fidelity Investments. Previously, Mr. Maher served as Vice President of Asset Management Compliance (2013), Vice President of FMR's Program Management Group (2010-2013), and Vice President of Valuation Oversight (2008-2010).
Charles S. Morrison (1960)
Year of Election or Appointment: 2012 Vice President
	Mr. Morrison also serves as Vice President of other funds. He serves as President, Fixed Income and is an employee of Fidelity Investments. Previously, Mr. Morrison served as Vice President of Fidelity's Money Market Funds (2005-2009), President, Money Market Group Leader of FMR (2009), and Senior Vice President, Money Market Group of FMR (2004-2009). Mr. Morrison also served as Vice President of Fidelity's Bond Funds (2002-2005), certain Balanced Funds (2002-2005), and certain Asset Allocation Funds (2002-2007), and as Senior Vice President (2002-2005) of Fidelity's Fixed Income Division.
Nancy D. Prior (1967)
Year of Election or Appointment: 2012 Vice President of Fidelity's Money Market Funds
	Ms. Prior also serves as Vice President of other funds. Ms. Prior serves as President, Money Market Group of FMR (2011-present) and is an employee of Fidelity Investments (2002-present). Previously, Ms. Prior served as Managing Director of Research (2009-2011), Senior Vice President and Deputy General Counsel (2007-2009), and Assistant Secretary of other Fidelity funds (2008-2009).
Christine Reynolds (1958)
Year of Election or Appointment: 2008 Chief Financial Officer
	Ms. Reynolds also serves as Chief Financial Officer of other funds. Ms. Reynolds became President of Fidelity Pricing and Cash Management Services (FPCMS) in August 2008. Ms. Reynolds served as Chief Operating Officer of FPCMS (2007-2008). Previously, Ms. Reynolds served as President, Treasurer, and Anti-Money Laundering officer of the Fidelity funds (2004-2007).
Kenneth B. Robins (1969)
Year of Election or Appointment: 2009 Assistant Treasurer
	Mr. Robins also serves as an officer of other funds. Mr. Robins serves as Executive Vice President of Fidelity Investments Money Management, Inc. (FIMM) (2013-present) and is an employee of Fidelity Investments (2004-present). Previously, Mr. Robins served in other fund officer roles.
Gary W. Ryan (1958)
Year of Election or Appointment: 2005 Assistant Treasurer
	Mr. Ryan also serves as Assistant Treasurer of other funds. Mr. Ryan is an employee of Fidelity Investments and has served in other fund officer roles. Previously, Mr. Ryan served as Vice President of Fund Reporting in Fidelity Pricing and Cash Management Services (FPCMS) (1999-2005).
Stephen Sadoski (1971)
Year of Election or Appointment: 2013 Deputy Treasurer
	Mr. Sadoski also serves as Deputy Treasurer of other funds. He is an employee of Fidelity Investments (2012-present) and has served in another fund officer role. Prior to joining Fidelity Investments, Mr. Sadoski served as an assistant chief accountant in the Division of Investment Management of the Securities and Exchange Commission (SEC) (2009-2012) and as a senior manager at Deloitte & Touche LLP (1997-2009).
Stacie M. Smith (1974)
Year of Election or Appointment: 2013 Assistant Treasurer
	Ms. Smith also serves as an officer of other funds. She is an employee of Fidelity Investments (2009-present) and has served in other fund officer roles. Prior to joining Fidelity Investments, Ms. Smith served as Senior Audit Manager of Ernst & Young LLP (1996-2009).
Renee Stagnone (1975)
Year of Election or Appointment: 2013 Deputy Treasurer
	Ms. Stagnone also serves as Deputy Treasurer of other funds. Ms. Stagnone is an employee of Fidelity Investments.
Michael H. Whitaker (1967)
Year of Election or Appointment: 2008 Chief Compliance Officer
	Mr. Whitaker also serves as Chief Compliance Officer of other funds. Mr. Whitaker is an employee of Fidelity Investments (2007-present). Prior to joining Fidelity Investments, Mr. Whitaker worked at MFS Investment Management where he served as Senior Vice President and Chief Compliance Officer (2004-2006), and Assistant General Counsel.
Joseph F. Zambello (1957)
Year of Election or Appointment: 2011 Deputy Treasurer
	Mr. Zambello also serves as Deputy Treasurer of other funds. Mr. Zambello is an employee of Fidelity Investments. Previously, Mr. Zambello served as Vice President of FMR's Program Management Group (2009-2011) and Vice President of the Transfer Agent Oversight Group (2005-2009).

Annual Report

Distributions (Unaudited)

The Board of Trustees of each fund voted to pay to shareholders of record at the opening of business on record date, the following distributions per share derived from capital gains realized from sales of portfolio securities, and dividends derived from net investment income:

Fund	Pay Date	Record Date	Dividends	Capital Gains
Fidelity New Jersey Municipal Income Fund	12/23/13	12/20/13	$0.000	$0.063
Fidelity New Jersey Municipal Money Market Fund	12/23/13	12/20/13	$0.000	$0.000
Fidelity New Jersey Municipal Income Fund	01/13/2014	01/10/2014	$0.000	$0.007
Fidelity New Jersey Municipal Money Market Fund	01/13/2014	01/10/2014	$0.000	$0.000

The funds hereby designate as capital gain dividend the amounts noted below for the taxable year ended November 30, 2013, or, if subsequently determined to be different, the net capital gain of such year.

Fund
Fidelity New Jersey Municipal Income Fund	$4,428,807

During fiscal year ended 2013, 100% of each fund's income dividends were free from federal income tax, and 4.59% and 26.85% of Fidelity New Jersey Municipal Income Fund and Fidelity New Jersey Municipal Money Market Fund 's income dividends, respectively, were subject to the federal alternative minimum tax.

The fund will notify shareholders in January 2014 of amounts for use in preparing 2013 income tax returns.

Annual Report

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity New Jersey Municipal Income Fund / Fidelity New Jersey Municipal Money Market Fund

Each year, the Board of Trustees, including the Independent Trustees (together, the Board), votes on the renewal of the management contract with Fidelity Management & Research Company (FMR) and the sub-advisory agreements (together, the Advisory Contracts) for each fund. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, requests and considers a broad range of information relevant to the renewal of the Advisory Contracts throughout the year.

The Board meets regularly and, at each of its meetings, covers an extensive agenda of topics and materials and considers factors that are relevant to its annual consideration of the renewal of each fund's Advisory Contracts, including the services and support provided to each fund and its shareholders. The Board has established four standing committees, Operations, Audit, Fair Valuation, and Governance and Nominating, each composed of and chaired by Independent Trustees with varying backgrounds, to which the Board has assigned specific subject matter responsibilities in order to enhance effective decision-making by the Board. The Operations Committee, of which all of the Independent Trustees are members, meets regularly throughout the year and, among other matters, considers matters specifically related to the annual consideration of the renewal of each fund's Advisory Contracts. The Board, acting directly and through its Committees, requests and receives information concerning the annual consideration of the renewal of each fund's Advisory Contracts. The Board also meets as needed to consider matters specifically related to the Board's annual consideration of the renewal of Advisory Contracts. Members of the Board may also meet with trustees of other Fidelity funds through ad hoc joint committees to discuss certain matters relevant to the Fidelity funds.

At its September 2013 meeting, the Board, including the Independent Trustees, unanimously determined to renew each fund's Advisory Contracts. In reaching its determination, the Board considered all factors it believed relevant, including (i) the nature, extent, and quality of the services to be provided to each fund and its shareholders (including the investment performance of each fund); (ii) the competitiveness of each fund's management fee and total expense ratio relative to peer funds; (iii) the total costs of the services to be provided by and the profits to be realized by Fidelity from its relationship with each fund; (iv) the extent to which economies of scale exist and would be realized as each fund grows; and (v) whether fee levels reflect these economies of scale, if any, for the benefit of fund shareholders.

In considering whether to renew the Advisory Contracts for each fund, the Board reached a determination, with the assistance of fund counsel and Independent Trustees' counsel and through the exercise of its business judgment, that the renewal of the Advisory Contracts was in the best interests of each fund and its shareholders and that the compensation payable under the Advisory Contracts was fair and reasonable. The Board's decision to renew the Advisory Contracts was not based on any single factor, but rather was based on a comprehensive consideration of all the information provided to the Board at its meetings throughout the year. The Board, in reaching its determination to renew the Advisory Contracts, was aware that shareholders in each fund have a broad range of investment choices available to them, including a wide choice among mutual funds offered by Fidelity's competitors, and that each fund's shareholders, who have the opportunity to review and weigh the disclosure provided by the fund in its prospectus and other public disclosures, have chosen to invest in that fund, which is part of the Fidelity family of funds.

Annual Report

Board Approval of Investment Advisory Contracts and
Management Fees - continued

Nature, Extent, and Quality of Services Provided. The Board considered Fidelity's staffing as it relates to the funds, including the backgrounds of investment personnel of FMR and the sub-advisers (together, the Investment Advisers), and also considered the funds' investment objectives, strategies, and related investment philosophies. The Independent Trustees also had discussions with senior management of Fidelity's investment operations and investment groups. The Board considered the structure of the portfolio manager compensation program and whether this structure provides appropriate incentives to act in the best interests of each fund.

Shareholder and Administrative Services. The Board considered (i) the nature, extent, quality, and cost of advisory, administrative, and shareholder services performed by the Investment Advisers and their affiliates under the Advisory Contracts and under separate agreements covering transfer agency and pricing and bookkeeping services for each fund; (ii) the nature and extent of the supervision of third party service providers, principally custodians and subcustodians; and (iii) the resources devoted to, and the record of compliance with, each fund's compliance policies and procedures.

Annual Report

Investment Performance (for Fidelity New Jersey Municipal Income Fund). The Board considered whether the fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions and its performance history.

Annual Report

Board Approval of Investment Advisory Contracts and
Management Fees - continued

The Board took into account discussions with the Investment Advisers about fund investment performance that occur at Board meetings throughout the year. In this regard the Board noted that as part of regularly scheduled fund reviews and other reports to the Board on fund performance, the Board periodically considers annualized return information for the fund for different time periods, measured against a securities market index ("benchmark index") and a peer group of mutual funds with similar objectives ("peer group"). In its evaluation of fund investment performance at meetings throughout the year, the Board gave particular attention to information indicating underperformance of certain Fidelity funds for specific time periods and the Investment Advisers' explanations for such underperformance.

In addition to reviewing absolute and relative fund performance, the Independent Trustees periodically consider the appropriateness of fund performance metrics in evaluating the results achieved. In general, the Independent Trustees believe that fund performance should be evaluated based on gross performance (before fees and expenses but after transaction costs) compared to appropriate benchmark indices, over appropriate time periods that may include full market cycles, and on net performance (after fees and expenses) compared to peer groups, as applicable, over the same periods, taking into account relevant factors including the following: general market conditions; expectations for interest rate levels and credit conditions; issuer-specific information including credit quality; tactical opportunities for investment; the potential for incremental return versus the fund's benchmark index weighed against the risks involved in obtaining that incremental return, including the risk of diminished or negative total returns; and fund cash flows and other factors. Depending on the circumstances, the Independent Trustees may be satisfied with a fund's performance notwithstanding that it lags its benchmark index or peer group for certain periods.

The Independent Trustees recognize that shareholders evaluate performance on a net basis over their own holding periods, for which one-, three-, and five-year periods are often used as a proxy. For this reason, the performance information reviewed by the Board also included net cumulative calendar year total return information for the fund and an appropriate benchmark index and peer group for the most recent one-, three-, and five-year periods.

Investment Performance (for Fidelity New Jersey Municipal Money Market Fund). The Board considered whether the fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions and its performance history.

Annual Report

Based on its review, the Board concluded that the nature, extent, and quality of services provided to each fund under the Advisory Contracts should benefit each fund's shareholders.

Competitiveness of Management Fee and Total Expense Ratio. The Board considered each fund's management fee and total expense ratio compared to "mapped groups" of competitive funds and classes. Fidelity creates "mapped groups" by combining similar Lipper investment objective categories that have comparable investment mandates. Combining Lipper investment objective categories aids the Board's management fee and total expense ratio comparisons by broadening the competitive group used for comparison and by reducing the number of universes to which various Fidelity funds are compared.

Annual Report

Board Approval of Investment Advisory Contracts and
Management Fees - continued

Management Fee. The Board considered two proprietary management fee comparisons for the 12-month periods shown in the charts below. The group of Lipper funds used by the Board for management fee comparisons is referred to below as the "Total Mapped Group" and, for the reasons explained above, is broader than the Lipper peer group used by the Board for performance comparisons. The Total Mapped Group comparison focuses on a fund's standing in terms of gross management fees before expense reimbursements or caps relative to the total universe of funds with comparable investment mandates, regardless of whether their management fee structures also are comparable. "TMG %" represents the percentage of funds in the Total Mapped Group that had management fees that were lower than a fund's. For example, a hypothetical TMG % of 50% would mean that half of the funds in the Total Mapped Group had higher, and half had lower, management fees than a fund. The funds' actual TMG %s are in the charts below. The "Asset-Size Peer Group" (ASPG) comparison focuses on a fund's standing relative to a subset of non-Fidelity funds within the Total Mapped Group that are similar in size and management fee structure. For example, if a fund is in the first quartile of the ASPG, the fund's management fee ranks in the least expensive or lowest 25% of funds in the ASPG. The ASPG represents at least 15% of the funds in the Total Mapped Group with comparable asset size and management fee structures, subject to a minimum of 50 funds (or all funds in the Total Mapped Group if fewer than 50). Additional information, such as the ASPG quartile in which a fund's management fee rate ranked, is also included in the charts and considered by the Board.

Fidelity New Jersey Municipal Income Fund

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The Board noted that the fund's management fee rate ranked below the median of its Total Mapped Group and below the median of its ASPG for 2012.

Annual Report

Fidelity New Jersey Municipal Money Market Fund

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The Board noted that the fund's management fee rate ranked below the median of its Total Mapped Group and above the median of its ASPG for 2012.

Based on its review, the Board concluded that each fund's management fee is fair and reasonable in light of the services that the fund receives and the other factors considered.

Total Expense Ratio. In its review of each fund's total expense ratio, the Board considered the fund's management fee as well as other fund expenses, such as transfer agent fees, pricing and bookkeeping fees, and custodial, legal, and audit fees. The Board also noted the effects of any waivers and reimbursements on fees and expenses. As part of its review, the Board also considered the current and historical total expense ratios of each fund compared to competitive fund median expenses. Each fund is compared to those funds and classes in the Total Mapped Group (used by the Board for management fee comparisons) that have a similar sales load structure.

The Board noted that Fidelity New Jersey Municipal Income Fund's total expense ratio ranked below its competitive median for 2012.

The Board noted that Fidelity New Jersey Municipal Money Market Fund's total expense ratio ranked above its competitive median for 2012. The Board considered that, in general, various factors can affect total expense ratios. The Board also considered that Fidelity has been voluntarily waiving part or all of the transfer agent fees and/or management fees to maintain a minimum yield for Fidelity New Jersey Municipal Money Market Fund, and also noted that Fidelity retains the ability to be repaid in certain circumstances.

Annual Report

Board Approval of Investment Advisory Contracts and
Management Fees - continued

Based on its review of total expense ratios and fees charged to other Fidelity clients, the Board concluded that each fund's total expense ratio was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.

Costs of the Services and Profitability. The Board considered the revenues earned and the expenses incurred by Fidelity in conducting the business of developing, marketing, distributing, managing, administering and servicing each fund and servicing each fund's shareholders. The Board also considered the level of Fidelity's profits in respect of all the Fidelity funds.

On an annual basis, Fidelity presents to the Board Fidelity's profitability for each fund. Fidelity calculates the profitability for each fund, as well as aggregate profitability for groups of Fidelity funds and all Fidelity funds, using a series of detailed revenue and cost allocation methodologies which originate with the books and records of Fidelity on which Fidelity's audited financial statements are based. The Audit Committee of the Board reviews any significant changes from the prior year's methodologies.

Annual Report

The Board considered the costs of the services provided by and the profits realized by Fidelity in connection with the operation of each fund and was satisfied that the profitability was not excessive in the circumstances.

Economies of Scale. The Board considered whether there have been economies of scale in respect of the management of the Fidelity funds, whether the Fidelity funds (including each fund) have appropriately benefited from any such economies of scale, and whether there is potential for realization of any further economies of scale. The Board considered the extent to which each fund will benefit from economies of scale through increased services to the fund, through waivers or reimbursements, or through fee or expense reductions. The Board also noted that in 2009, it and the board of other Fidelity funds created an ad hoc committee (the Economies of Scale Committee) to analyze whether Fidelity attains economies of scale in respect of the management and servicing of the Fidelity funds, whether the Fidelity funds have appropriately benefited from such economies of scale, and whether there is potential for realization of any further economies of scale.

The Board recognized that each fund's management contract incorporates a "group fee" structure, which provides for lower group fee rates as total fund assets under FMR's management increase, and for higher group fee rates as total fund assets under FMR's management decrease. FMR calculates the group fee rates based on a tiered asset "breakpoint" schedule that varies based on asset class. The Board considered that the group fee is designed to deliver the benefits of economies of scale to fund shareholders when total Fidelity fund assets increase, even if assets of any particular fund are unchanged or have declined, because some portion of Fidelity's costs are attributable to services provided to all Fidelity funds, and all funds benefit if those costs can be allocated among more assets. The Board concluded that, given the group fee structure, fund shareholders will benefit from lower management fees as assets under FMR's management increase at the fund complex level, regardless of whether Fidelity achieves any such economies of scale.

The Board concluded, taking into account the analysis of the Economies of Scale Committee, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity.

Amendment to Description of Group Fee Rate. At its September 2013 meeting, the Board voted to approve an amendment to each fund's management contract to modify the description of the "group fee rate." The Board noted that under the prior description in the contract, the group fee rate was based on the average net assets of all registered investment companies with which FMR has management contracts. Under the contract's tiered asset breakpoint schedule, the group fee rate is lower as total fund assets under FMR's management increase, and higher as total fund assets under FMR's management decrease. The Board considered that the prior description would have excluded the assets of 64 Fidelity sector funds from the group fee rate calculation once Fidelity SelectCo, LLC, an affiliate of FMR, assumed management responsibilities for those funds. The Board noted that modifying the description of the group fee rate to continue to include the assets of those 64 funds for purposes of determining group fee rate breakpoints would avoid an immediate adverse impact on the group fee rate for any fund.

Annual Report

Board Approval of Investment Advisory Contracts and
Management Fees - continued

Annual Report

Investment Adviser

Fidelity Management & Research Company
Boston, MA

Investment Sub-Advisers

Fidelity Investments
Money Management, Inc.

Fidelity Management & Research
(U.K.) Inc.

Fidelity Management & Research
(Hong Kong) Limited

Fidelity Management & Research
(Japan) Inc.

General Distributor

Fidelity Distributors Corporation

Smithfield, RI

Transfer and Service Agents

Citibank, N.A.

New York, NY

Fidelity Investments Institutional
Operations Company, Inc.

Boston, MA

Fidelity Service Company, Inc.

Boston, MA

Custodian

Citibank, N.A.

New York, NY

The Fidelity Telephone Connection

Mutual Fund 24-Hour Service

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NJN-UANN-0114
1.786715.110

Fidelity®

Connecticut Municipal
Income Fund

and

Fidelity
Connecticut Municipal
Money Market Fund

Annual Report

November 30, 2013

(Fidelity Cover Art)

Shareholder Expense Example	(Click Here)	An example of shareholder expenses.
Fidelity® Connecticut Municipal Income Fund
Performance	(Click Here)	How the fund has done over time.
Management's Discussion of Fund Performance	(Click Here)	The Portfolio Manager's review of fund performance and strategy.
Investment Changes	(Click Here)	A summary of major shifts in the fund's investments over the past six months.
Investments	(Click Here)	A complete list of the fund's investments with their market values.
Financial Statements	(Click Here)	Statements of assets and liabilities, operations, and changes in net assets, as well as financial highlights.
Fidelity Connecticut Municipal Money Market Fund
Investment Changes/Performance	(Click Here)	A summary of major shifts in the fund's investments over the past six months and one year.
Investments	(Click Here)	A complete list of the fund's investments.
Financial Statements	(Click Here)	Statements of assets and liabilities, operations, and changes in net assets, as well as financial highlights.
Notes	(Click Here)	Notes to the Financial Statements.
Report of Independent Registered Public Accounting Firm	(Click Here)
Trustees and Officers	(Click Here)
Distributions	(Click Here)
Board Approval of Investment Advisory Contracts and Management Fees	(Click Here)

To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov. You may also call 1-800-544-8544 to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

Annual Report

NOT FDIC INSURED • MAY LOSE VALUE • NO BANK GUARANTEE

Neither the funds nor Fidelity Distributors Corporation is a bank.

Annual Report

Shareholder Expense Example

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (June 1, 2013 to November 30, 2013).

Actual Expenses

Hypothetical Example for Comparison Purposes

Annual Report

	Annualized Expense Ratio^B	Beginning Account Value June 1, 2013	Ending Account Value November 30, 2013	Expenses Paid During Period* June 1, 2013 to November 30, 2013
Fidelity Connecticut Municipal Income Fund	.48%
Actual		$ 1,000.00	$ 978.40	$ 2.38
Hypothetical^A		$ 1,000.00	$ 1,022.66	$ 2.43
Fidelity Connecticut Municipal Money Market Fund	.10%
Actual		$ 1,000.00	$ 1,000.10	$ .50
Hypothetical^A		$ 1,000.00	$ 1,024.57	$ .51

^A 5% return per year before expenses

^B Annualized expense ratio reflects expenses net of applicable fee waivers.

* Expenses are equal to each Fund's annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/365 (to reflect the one-half year period).

Annual Report

Fidelity® Connecticut Municipal Income Fund

Performance: The Bottom Line

Average Annual Total Returns

Periods ended November 30, 2013	Past 1 year	Past 5 years	Past 10 years
Fidelity® Connecticut Municipal Income Fund	-3.82%	5.21%	3.79%

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Connecticut Municipal Income Fund on November 30, 2003. The chart shows how the value of your investment would have changed, and also shows how the Barclays® Municipal Bond Index performed over the same period.

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Annual Report

Fidelity® Connecticut Municipal Income Fund

Management's Discussion of Fund Performance

Comments from Mark Sommer, Portfolio Manager of Fidelity® Connecticut Municipal Income Fund: For the year, the fund returned -3.82%, while the Barclays® Connecticut 4+ Year Enhanced Municipal Bond Index returned -2.96%. I continued to base my investment decisions on longer-term objectives, using the Barclays index as an analytic tool to help guide my decisions, keeping fund's duration in line with that of the index, for example. Within the context of this Connecticut-focused fund, I kept holdings diversified across many sectors and issuers. I focused on bonds that our research indicated offered a good balance between yield and risk, as well as the potential to outperform the overall Connecticut muni market. Investing outside the benchmark in Puerto Rico bonds and underweighting housing bonds were the primary forces behind the fund's underperformance. Puerto Rico bonds suffered a significant sell-off in December and again in the second half of the period. Housing bonds outperformed the index, benefiting from strong demand for higher-yielding securities prior to the muni market summer sell-off, and improving sentiment toward the sector. In contrast, having less exposure than the index to bonds with maturities of 20 years or longer was a definite plus, as these securities significantly lagged bonds in the 10-year range, where the fund was overweighted.

Annual Report

Fidelity Connecticut Municipal Income Fund

Investment Changes (Unaudited)

Top Five Sectors as of November 30, 2013
	% of fund's net assets	% of fund's net assets 6 months ago
General Obligations	47.8	51.6
Health Care	12.8	11.9
Water & Sewer	12.8	10.7
Special Tax	10.8	10.3
Education	8.1	8.2
Weighted Average Maturity as of November 30, 2013
		6 months ago
Years	6.2	6.1

Duration as of November 30, 2013
		6 months ago
Years	7.3	6.6

Quality Diversification (% of fund's net assets)
As of November 30, 2013		As of May 31, 2013
	AAA 7.6%		AAA 9.8%
	AA,A 84.4%		AA,A 82.6%
	BBB 4.8%		BBB 5.2%
	Not Rated 1.1%		Not Rated 0.9%
	Short-Term Investments and Net Other Assets 2.1%		Short-Term Investments and Net Other Assets 1.5%

ccc613480

We have used ratings from Moody's Investors Service, Inc. Where Moody's ratings are not available, we have used S&P ratings. All ratings are as of the date indicated and do not reflect subsequent changes.

Annual Report

Fidelity Connecticut Municipal Income Fund

Investments November 30, 2013

Showing Percentage of Net Assets

Municipal Bonds - 97.9%
	Principal Amount	Value
Connecticut - 92.2%
Bethany, Orange and Woodbridge Reg'l. School District #5:
4.5% 8/15/20	$ 1,315,000	$ 1,450,353
4.5% 8/15/21	1,225,000	1,343,225
4.5% 8/15/22	1,325,000	1,443,932
5% 8/15/18	1,500,000	1,706,670
5% 8/15/19	750,000	848,970
Bloomfield Gen. Oblig.:
Series 2010 A, 4% 10/15/20	750,000	831,015
Series 2010 B, 4% 10/15/19	1,110,000	1,238,749
Bridgeport Gen. Oblig.:
Series 2006 B:
5% 12/1/17 (FSA Insured)	1,830,000	2,019,533
5% 12/1/18 (FSA Insured)	1,635,000	1,790,227
Series 2012 A:
5% 2/15/23	3,510,000	3,866,441
5% 2/15/24	2,490,000	2,713,278
5% 2/15/32	5,000,000	5,093,900
Connecticut Dev. Auth. Wtr. Facilities Rev. (Aquatron Wtr. Corp., Proj.) Series 2006, 4.7% 7/1/36 (XL Cap. Assurance, Inc. Insured) (a)	5,000,000	4,676,200
Connecticut Gen. Oblig.:
Series 2006 D:
5% 11/1/24	17,980,000	19,624,271
5% 11/1/25	10,000,000	10,870,000
Series 2006 F, 5% 12/1/21	14,000,000	15,541,260
Series 2007 D, 5% 12/1/19	1,745,000	1,988,044
Series 2008 A, 5% 4/15/27	5,000,000	5,476,750
Series 2008 B, 5% 4/15/28	4,000,000	4,348,720
Series 2011 D, 5% 11/1/25	10,000,000	11,256,000
Series 2012 B, 5% 4/15/25	7,460,000	8,374,223
Series 2012 D:
5% 9/15/31	3,250,000	3,500,933
5% 9/15/32	4,860,000	5,216,578
Series 2013 A, 5% 3/1/27	11,480,000	12,752,443
5% 10/15/30	4,275,000	4,634,357
Connecticut Health & Edl. Facilities Auth. Rev.:
(Fairfield Univ. Proj.):
Series 2008 N, 5% 7/1/21	3,000,000	3,276,120
Series M, 5% 7/1/34	1,000,000	1,029,600
Series O, 5% 7/1/40	2,000,000	2,036,920
Municipal Bonds - continued
	Principal Amount	Value
Connecticut - continued
Connecticut Health & Edl. Facilities Auth. Rev.: - continued
(Hosp. for Spl. Care Proj.) Series C, 5.25% 7/1/19 (Radian Asset Assurance, Inc. Insured)	$ 1,170,000	$ 1,246,717
(Loomis Chaffee School Proj.) Series G, 5% 7/1/38	3,000,000	3,042,720
(Lutheran Gen. Health Care Sys. Proj.) 7.375% 7/1/19 (Escrowed to Maturity)	1,695,000	1,953,488
(Quinnipiac Univ. Proj.):
Series J, 5.75% 7/1/33 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	2,000,000	2,151,860
Series K1, 5% 7/1/27 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	2,000,000	2,129,240
(Sacred Heart Univ. Proj.) Series G:
5% 7/1/17	1,000,000	1,068,000
5% 7/1/18	1,000,000	1,070,740
(Stamford Hosp. Proj.) Series I, 5% 7/1/30	12,640,000	12,851,846
(Wesleyan Univ. Proj.) Series G:
5% 7/1/29	3,000,000	3,243,870
5% 7/1/30	2,000,000	2,149,260
(William W. Backus Hosp. Proj.) Series F, 5.125% 7/1/35 (FSA Insured)	1,000,000	1,018,510
(Yale Univ. Proj.) Series Z1, 5% 7/1/42	3,335,000	3,457,061
(Yale-New Haven Hosp. Proj.) Series J1:
5% 7/1/18 (AMBAC Insured)	3,020,000	3,261,268
5% 7/1/19 (AMBAC Insured)	2,035,000	2,190,637
5% 7/1/31 (AMBAC Insured)	5,000,000	5,142,000
Series 2011 M, 5.375% 7/1/41	5,485,000	5,672,532
Series 2013 N:
5% 7/1/24	400,000	450,528
5% 7/1/25	300,000	333,753
Series A:
5% 7/1/20	4,855,000	5,427,307
5% 7/1/21	800,000	884,832
5% 7/1/41	3,000,000	2,964,480
Series C:
5% 7/1/20	465,000	531,435
5% 7/1/22	425,000	482,987
5% 7/1/24	1,000,000	1,116,540
Series D:
5% 7/1/21	2,975,000	3,322,034
5% 7/1/23	3,335,000	3,661,263
Series G, 5% 7/1/39	1,000,000	1,045,520
Municipal Bonds - continued
	Principal Amount	Value
Connecticut - continued
Connecticut Health & Edl. Facilities Auth. Rev.: - continued
Series H, 5% 7/1/23 (FSA Insured)	$ 2,290,000	$ 2,505,214
Series H1, 5% 7/1/41	1,250,000	1,257,000
Series J:
5% 11/1/24	1,390,000	1,561,484
5% 11/1/25	1,465,000	1,631,673
Series N:
5% 7/1/20	1,250,000	1,394,988
5% 7/1/21	610,000	674,251
5% 7/1/21	1,940,000	2,094,579
5% 7/1/22	2,035,000	2,177,776
5% 7/1/23	1,500,000	1,624,665
Connecticut Hsg. Fin. Auth. Series 2013 B2, 4% 11/15/32	4,000,000	4,289,840
Connecticut Muni. Elec. Energy Coop. Pwr. Supply Sys. Rev. Series 2013 A:
5% 1/1/26	1,180,000	1,304,974
5% 1/1/28	1,000,000	1,084,960
Connecticut Muni. Elec. Energy Coop. Transmission Svcs. Rev. Series 2012 A:
5% 1/1/23	1,380,000	1,559,690
5% 1/1/25	875,000	969,850
Connecticut Spl. Tax Oblig. Trans. Infrastructure Rev.:
Series 2007 A:
5% 8/1/26	3,800,000	4,127,256
5% 8/1/27 (AMBAC Insured)	2,000,000	2,162,780
Series 2008 A, 5% 11/1/21	5,000,000	5,640,450
Series 2010 C, 5% 11/1/20	1,085,000	1,277,935
Series 2011 A, 5% 12/1/25	5,000,000	5,611,500
Series 2012 A:
5% 1/1/24	2,855,000	3,276,312
5% 1/1/25	4,000,000	4,546,240
5% 1/1/26	10,000,000	11,265,100
5% 1/1/28	1,000,000	1,105,090
Connecticut State Revolving Fund Gen. Rev. Series 2009 A:
5% 6/1/23	1,750,000	2,010,960
5% 6/1/25	7,210,000	8,208,873
Danbury Gen. Oblig. Series 2011:
5% 7/15/22	1,000,000	1,167,040
5% 7/15/23	1,300,000	1,498,705
Municipal Bonds - continued
	Principal Amount	Value
Connecticut - continued
Danbury Gen. Oblig. Series 2011: - continued
5% 7/15/24	$ 410,000	$ 467,831
5% 7/15/25	350,000	396,050
East Lyme Gen. Oblig. Series 2010:
4% 7/15/21	360,000	392,951
4% 7/15/22	325,000	350,019
Farmington Gen. Oblig. Series A, 4% 9/15/21	905,000	985,762
Greater New Haven Wtr. Poll. Cont. Auth. Reg'l. Wastewtr. Sys. Rev.:
Series 2005 A, 5% 8/15/35 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	1,000,000	1,022,860
Series 2008 A, 5% 11/15/37 (FSA Insured)	1,000,000	1,021,040
Hartford County Metropolitan District (Clean Wtr. Proj.) Series 2013 A, 5% 4/1/32	5,550,000	5,931,285
Hartford Gen. Oblig.:
Series 2012 A:
5% 4/1/20 (FSA Insured)	1,000,000	1,146,010
5% 4/1/21 (FSA Insured)	2,000,000	2,269,660
5% 4/1/22 (FSA Insured)	1,000,000	1,132,940
5% 4/1/24	2,500,000	2,764,875
Series 2013 A, 5% 4/1/27	1,645,000	1,778,558
Monroe Gen. Oblig. Series 2009, 5% 5/1/18	500,000	579,940
Naugatuck Gen. Oblig. 5.875% 2/15/21 (AMBAC Insured)	1,760,000	2,032,941
New Haven Gen. Oblig.:
Series 2002 C, 5.125% 11/1/16 (Escrowed to Maturity)	30,000	31,126
Series 2006, 5% 11/1/16 (AMBAC Insured)	6,750,000	7,440,053
Series 2009 A:
5% 3/1/20 (Assured Guaranty Corp. Insured)	1,000,000	1,105,490
5% 3/1/25 (Assured Guaranty Corp. Insured)	2,000,000	2,098,440
5.25% 3/1/19 (Assured Guaranty Corp. Insured)	2,000,000	2,281,220
Series 2012 A:
4% 11/1/22 (FSA Insured)	2,185,000	2,239,319
5% 11/1/17	1,900,000	2,128,437
5% 11/1/18	2,005,000	2,263,805
Series B, 5% 8/1/21 (FSA Insured)	2,225,000	2,480,630
Newtown Gen. Oblig. Series 2009 B, 5% 7/1/18	600,000	700,326
Norwalk Gen. Oblig.:
Series 2010 B:
4.5% 7/1/21	1,465,000	1,642,558
5% 7/1/23	975,000	1,105,484
Municipal Bonds - continued
	Principal Amount	Value
Connecticut - continued
Norwalk Gen. Oblig.: - continued
Series 2010 B: - continued
5% 7/1/26	$ 625,000	$ 694,344
Series 2011 A:
4% 7/1/22	1,000,000	1,079,960
4% 7/1/23	1,000,000	1,066,590
4% 7/1/24	1,000,000	1,058,940
Plainville Gen. Oblig. Series 2010 A:
4% 7/15/21	600,000	651,108
4% 7/15/22	600,000	642,432
4% 7/15/23	600,000	635,370
Reg'l. School District #15 4% 7/1/22	1,520,000	1,626,932
South Central Reg'l. Wtr. Auth. Wtr. Sys. Rev.:
Eighteenth Series B:
5.25% 8/1/31 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	1,500,000	1,582,845
5.25% 8/1/32 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	1,510,000	1,589,094
Eighteenth Series B1, 5% 8/1/28 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	4,655,000	4,727,897
Eighth Series A, 5% 8/1/33	1,110,000	1,171,361
Twentieth Series A:
5.25% 8/1/19 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	1,020,000	1,200,673
5.25% 8/1/21 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	2,795,000	3,287,116
Twenty-Second Series, 5% 8/1/38 (FSA Insured)	20,000,000	20,601,194
Twenty-Seventh Series, 5% 8/1/30	4,355,000	4,667,558
Stamford Gen. Oblig. Series 2011, 4% 7/1/23	1,045,000	1,129,300
Trumbull Gen. Oblig. Series 2009:
4% 9/15/20	525,000	575,421
4% 9/15/21	500,000	539,000
Univ. of Connecticut Gen. Oblig. Series 2011 A, 5% 2/15/27	3,000,000	3,293,970
Univ. of Connecticut Rev. Series 2012 A:
5% 11/15/21	1,000,000	1,172,870
5% 11/15/23	2,700,000	3,118,662
Vernon Gen. Oblig. Series 2012:
4% 8/1/20	1,135,000	1,255,673
4% 8/1/22	1,000,000	1,068,010
4.25% 8/1/21	1,000,000	1,100,900
Waterbury Ct Series 2007, 4.5% 4/1/22 (AMBAC Insured)	3,510,000	3,808,947
Municipal Bonds - continued
	Principal Amount	Value
Connecticut - continued
Watertown Gen. Oblig. Series 2009 B, 4.5% 7/1/20	$ 1,375,000	$ 1,538,515
West Hartford Gen. Oblig. Series 2010 A:
5% 7/1/21	1,000,000	1,167,850
5% 7/1/22	1,210,000	1,394,719
West Haven Gen. Oblig.:
Series 2005, 5% 7/1/15 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	2,480,000	2,566,924
Series 2012, 5% 8/1/21 (FSA Insured)	2,495,000	2,817,678
Westport Gen. Oblig.:
Series 2009 A, 4% 2/1/22	800,000	852,920
Series 2009, 5% 2/1/21	480,000	544,186
Series 2010:
4% 11/1/20	1,050,000	1,184,852
4% 11/1/21	1,000,000	1,108,670
		411,160,416
Guam - 0.8%
Guam Ed. Fing. Foundation Ctfs. of Prtn. Series 2006 A, 5% 10/1/14	1,000,000	1,014,090
Guam Int'l. Arpt. Auth. Rev. Series 2013 C:
4% 10/1/15 (a)	750,000	772,365
6.375% 10/1/43 (a)	800,000	826,136
Guam Pwr. Auth. Rev. Series 2012 A, 5% 10/1/24 (FSA Insured)	1,100,000	1,185,294
		3,797,885
Puerto Rico - 4.3%
Puerto Rico Commonwealth Hwy. & Trans. Auth. Hwy. Rev. Series AA, 5.5% 7/1/19 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	465,000	444,768
Puerto Rico Commonwealth Hwy. & Trans. Auth. Trans. Rev. Series E, 5.5% 7/1/17 (FSA Insured)	5,400,000	5,462,532
Puerto Rico Commonwealth Pub. Impt. Gen. Oblig.:
(Pub. Impt. Proj.) Series 2002 A, 5.5% 7/1/20 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	2,000,000	1,889,140
Series 2002 A, 5.5% 7/1/18 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	250,000	240,993
Series 2007 A, 5.5% 7/1/19 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	2,000,000	1,912,980
Puerto Rico Elec. Pwr. Auth. Pwr. Rev.:
Series JJ, 5.25% 7/1/15 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	5,000,000	4,988,600
Municipal Bonds - continued
	Principal Amount	Value
Puerto Rico - continued
Puerto Rico Elec. Pwr. Auth. Pwr. Rev.: - continued
Series QQ:
5.25% 7/1/14 (XL Cap. Assurance, Inc. Insured)	$ 1,300,000	$ 1,295,294
5.5% 7/1/18 (XL Cap. Assurance, Inc. Insured)	800,000	722,856
Puerto Rico Muni. Fin. Agcy. Series 2005 C, 5.25% 8/1/17 (FSA Insured)	2,000,000	2,007,100
		18,964,263
Virgin Islands - 0.6%
Virgin Islands Pub. Fin. Auth. Series 2009 B, 5% 10/1/17	2,250,000	2,488,545

TOTAL INVESTMENT PORTFOLIO - 97.9%

(Cost $433,359,899)

436,411,109

NET OTHER ASSETS (LIABILITIES) - 2.1%

9,347,207

NET ASSETS - 100%

$ 445,758,316

Security Type Abbreviations

Legend

(a) Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.

Other Information

All investments are categorized as Level 2 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

The distribution of municipal securities by revenue source, as a percentage of total net assets, is as follows (Unaudited):

General Obligations	47.8%
Health Care	12.8%
Water & Sewer	12.8%
Special Tax	10.8%
Education	8.1%
Others* (Individually Less Than 5%)	7.7%
	100.0%

* Includes net other assets

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Connecticut Municipal Income Fund

Financial Statements

Statement of Assets and Liabilities

	November 30, 2013

Assets
Investment in securities, at value - See accompanying schedule: Unaffiliated issuers (cost $433,359,899)		$ 436,411,109
Cash		4,042,790
Receivable for fund shares sold		14,436
Interest receivable		6,109,607
Prepaid expenses		1,221
Other receivables		268
Total assets		446,579,431

Liabilities
Payable for fund shares redeemed	$ 168,970
Distributions payable	350,446
Accrued management fee	135,041
Transfer agent fee payable	90,749
Other affiliated payables	30,231
Other payables and accrued expenses	45,678
Total liabilities		821,115

Net Assets		$ 445,758,316
Net Assets consist of:
Paid in capital		$ 438,348,825
Undistributed net investment income		65,894
Accumulated undistributed net realized gain (loss) on investments		4,292,387
Net unrealized appreciation (depreciation) on investments		3,051,210
Net Assets, for 39,142,883 shares outstanding		$ 445,758,316
Net Asset Value, offering price and redemption price per share ($445,758,316 ÷ 39,142,883 shares)		$ 11.39

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Connecticut Municipal Income Fund
Financial Statements - continued

Statement of Operations

	Year ended November 30, 2013

Investment Income
Interest		$ 18,303,899

Expenses
Management fee	$ 1,953,549
Transfer agent fees	413,926
Accounting fees and expenses	134,218
Custodian fees and expenses	6,745
Independent trustees' compensation	2,096
Registration fees	24,046
Audit	54,796
Legal	4,721
Miscellaneous	5,045
Total expenses before reductions	2,599,142
Expense reductions	(2,796)	2,596,346
Net investment income (loss)		15,707,553
Realized and Unrealized Gain (Loss) Net realized gain (loss) on:
Investment securities:
Unaffiliated issuers		5,806,463
Change in net unrealized appreciation (depreciation) on investment securities		(45,240,710)
Net gain (loss)		(39,434,247)
Net increase (decrease) in net assets resulting from operations		$ (23,726,694)

See accompanying notes which are an integral part of the financial statements.

Annual Report

Statement of Changes in Net Assets

	Year ended November 30, 2013	Year ended November 30, 2012
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 15,707,553	$ 17,124,900
Net realized gain (loss)	5,806,463	3,244,261
Change in net unrealized appreciation (depreciation)	(45,240,710)	24,324,508
Net increase (decrease) in net assets resulting from operations	(23,726,694)	44,693,669
Distributions to shareholders from net investment income	(15,707,374)	(17,069,207)
Distributions to shareholders from net realized gain	(3,083,712)	(3,724,173)
Total distributions	(18,791,086)	(20,793,380)
Share transactions Proceeds from sales of shares	78,604,845	98,924,672
Reinvestment of distributions	12,549,204	13,985,491
Cost of shares redeemed	(208,135,784)	(78,034,109)
Net increase (decrease) in net assets resulting from share transactions	(116,981,735)	34,876,054
Redemption fees	25,592	1,067
Total increase (decrease) in net assets	(159,473,923)	58,777,410

Net Assets
Beginning of period	605,232,239	546,454,829
End of period (including undistributed net investment income of $65,894 and undistributed net investment income of $65,714, respectively)	$ 445,758,316	$ 605,232,239
Other Information Shares
Sold	6,711,705	8,231,110
Issued in reinvestment of distributions	1,070,223	1,164,938
Redeemed	(17,996,979)	(6,495,294)
Net increase (decrease)	(10,215,051)	2,900,754

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights

Years ended November 30,	2013	2012	2011	2010	2009
Selected Per-Share Data
Net asset value, beginning of period	$ 12.26	$ 11.76	$ 11.49	$ 11.46	$ 10.64
Income from Investment Operations
Net investment income (loss) ^B	.343	.355	.378	.373	.407
Net realized and unrealized gain (loss)	(.808)	.579	.313	.078	.879
Total from investment operations	(.465)	.934	.691	.451	1.286
Distributions from net investment income	(.343)	(.354)	(.377)	(.372)	(.408)
Distributions from net realized gain	(.063)	(.080)	(.044)	(.049)	(.058)
Total distributions	(.406)	(.434)	(.421)	(.421)	(.466)
Redemption fees added to paid in capital ^B	.001	- ^D	- ^D	- ^D	- ^D
Net asset value, end of period	$ 11.39	$ 12.26	$ 11.76	$ 11.49	$ 11.46
Total Return ^A	(3.82)%	8.08%	6.18%	3.99%	12.31%
Ratios to Average Net Assets ^C
Expenses before reductions	.48%	.48%	.48%	.48%	.48%
Expenses net of fee waivers, if any	.48%	.48%	.48%	.48%	.48%
Expenses net of all reductions	.48%	.48%	.48%	.48%	.48%
Net investment income (loss)	2.92%	2.95%	3.29%	3.23%	3.64%
Supplemental Data
Net assets, end of period (000 omitted)	$ 445,758	$ 605,232	$ 546,455	$ 601,507	$ 587,643
Portfolio turnover rate	14%	14%	14%	12%	15%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Calculated based on average shares outstanding during the period.

^D Amount represents less than $.001 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Connecticut Municipal Money Market Fund

Investment Changes/Performance (Unaudited)

Effective Maturity Diversification
Days	% of fund's investments 11/30/13	% of fund's investments 5/31/13	% of fund's investments 11/30/12
1 - 7	72.1	74.6	75.0
8 - 30	3.5	2.3	3.6
31 - 60	8.5	1.9	7.1
61 - 90	2.2	1.7	2.0
91 - 180	5.4	7.9	5.3
> 180	8.3	11.6	7.0

Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940.

Weighted Average Maturity
	11/30/13	5/31/13	11/30/12
Fidelity Connecticut Municipal Money Market Fund	40 Days	45 Days	37 Days
Connecticut Tax-Free Money Market Funds Average*	41 Days	42 Days	37 Days

Weighted Average Life
	11/30/13	5/31/13	11/30/12
Fidelity Connecticut Municipal Money Market Fund	44 Days	51 Days	40 Days

* Source: iMoneyNet, Inc.

Annual Report

Asset Allocation (% of fund's net assets)
As of November 30, 2013		As of May 31, 2013
	Variable Rate Demand Notes (VRDNs) 55.5%		Variable Rate Demand Notes (VRDNs) 56.4%
	Other Municipal Debt 32.8%		Other Municipal Debt 28.8%
	Investment Companies 11.3%		Investment Companies 14.3%
	Net Other Assets (Liabilities) 0.4%		Net Other Assets (Liabilities) 0.5%

ccc613491

Current and Historical Seven-Day Yields

	11/30/13	8/31/13	5/31/13	2/28/13	11/30/12

Fidelity Connecticut Municipal Money Market Fund	0.01%	0.01%	0.01%	0.01%	0.01%

Yield refers to the income paid by the fund over a given period. Yields for money market funds are usually for seven-day periods, as they are here, though they are expressed as annual percentage rates. Past performance is no guarantee of future results. Yield will vary and it's possible to lose money investing in the fund. A portion of the Fund's expenses was reimbursed and/or waived. Absent such reimbursements and/or waivers the yield for the period ending November 30, 2013, the most recent period shown in the table, would have been -0.38%.

Annual Report

Fidelity Connecticut Municipal Money Market Fund

Investments November 30, 2013

Showing Percentage of Net Assets

Variable Rate Demand Note - 55.5%
	Principal Amount		Value
Alabama - 0.0%
Decatur Indl. Dev. Board Exempt Facilities Rev. (Nucor Steel Decatur LLC Proj.) Series 2003 A, 0.37% 12/6/13, VRDN (a)(d)	$ 1,100,000		$ 1,100,000
Connecticut - 48.5%
Austin Trust Various States Participating VRDN Series BA 08 1086, 0.1% 12/6/13 (Liquidity Facility Bank of America NA) (a)(e)	2,000,000		2,000,000
Connecticut Dev. Auth. Arpt. Facility Rev. (Embraer Aircraft Holding, Inc. Proj.) Series 2010 A, 0.04% 12/6/13, LOC Citibank NA, VRDN (a)	11,045,000		11,045,000
Connecticut Dev. Auth. Wtr. Facilities Rev. (Connecticut Wtr. Co. Proj.):
Series 2004 A, 0.37% 12/6/13, LOC RBS Citizens NA, VRDN (a)(d)	5,000,000		5,000,000
Series 2004 B, 0.32% 12/6/13, LOC RBS Citizens NA, VRDN (a)	4,550,000		4,550,000
Connecticut Gen. Oblig.:
Participating VRDN:
Series MT 842, 0.05% 12/6/13 (Liquidity Facility Bank of America NA) (a)(e)	6,615,000		6,615,000
Series Putters 3996, 0.06% 12/6/13 (Liquidity Facility JPMorgan Chase Bank) (a)(e)	10,000,000		10,000,000
Series Putters 4382, 0.06% 12/6/13 (Liquidity Facility JPMorgan Chase Bank) (a)(e)	6,630,000		6,630,000
Series WF 11 89C, 0.06% 12/6/13 (Liquidity Facility Wells Fargo Bank NA) (a)(e)	23,100,000		23,100,000
Series B, 0.04% 12/6/13 (Liquidity Facility Bayerische Landesbank Girozentrale), VRDN (a)	3,250,000		3,250,000
Connecticut Health & Edl. Facilities Auth. Rev.:
(Choate Rosemary Hall Proj.) Series D, 0.07% 12/6/13, LOC JPMorgan Chase Bank, VRDN (a)	1,900,000		1,900,000
(Eastern Connecticut Health Network Proj.) Series 2010 E, 0.05% 12/6/13, LOC TD Banknorth, NA, VRDN (a)	13,330,000		13,330,000
(Gaylord Hosp. Proj.) Series B, 0.1% 12/6/13, LOC Bank of America NA, VRDN (a)	15,970,000		15,970,000
(Greenwich Hosp. Proj.) Series C, 0.06% 12/6/13, LOC Bank of America NA, VRDN (a)	33,235,000		33,235,000
(Griffin Hosp. Proj.) Series C, 0.03% 12/6/13, LOC Wells Fargo Bank NA, VRDN (a)	14,325,000		14,325,000
(Hamden Hall Country Day School Proj.) Series A, 0.35% 12/6/13, LOC RBS Citizens NA, VRDN (a)	17,035,000		17,035,000
(Hosp. for Spl. Care Proj.) Series E, 0.05% 12/6/13, LOC Fed. Home Ln. Bank of Boston, VRDN (a)	5,850,000		5,850,000
Variable Rate Demand Note - continued
	Principal Amount		Value
Connecticut - continued
Connecticut Health & Edl. Facilities Auth. Rev.: - continued
(Masonicare Corp. Proj.) Series C, 0.07% 12/6/13, LOC Manufacturers & Traders Trust Co., VRDN (a)	$ 71,965,000		$ 71,965,000
(Ridgefield Academy Proj.) Series A, 0.07% 12/6/13, LOC TD Banknorth, NA, VRDN (a)	10,200,000		10,200,000
(Sacred Heart Univ. Proj.) Series F, 0.06% 12/6/13, LOC Bank of America NA, VRDN (a)	18,605,000		18,605,000
(St. Francis Hosp. & Med. Ctr. Proj.) Series F, 0.07% 12/6/13, LOC JPMorgan Chase Bank, VRDN (a)	132,530,000		132,530,000
(Trinity College Proj.) Series L, 0.05% 12/6/13, LOC JPMorgan Chase Bank, VRDN (a)	10,145,000		10,145,000
(Wesleyan Univ. Proj.) Series H, 0.04% 12/6/13, VRDN (a)	5,705,000		5,705,000
(Yale Univ. Proj.):
Series T2, 0.03% 12/6/13, VRDN (a)	6,300,000		6,300,000
Series U1, 0.04% 12/6/13, VRDN (a)	43,040,000		43,040,000
Series U2, 0.03% 12/6/13, VRDN (a)	2,830,000		2,830,000
Series X2, 0.03% 12/6/13, VRDN (a)	7,115,000		7,115,000
(Yale-New Haven Hosp. Proj.):
Series K1, 0.05% 12/6/13, LOC JPMorgan Chase Bank, VRDN (a)	5,380,000		5,380,000
Series K2, 0.05% 12/6/13, LOC JPMorgan Chase Bank, VRDN (a)	4,775,000		4,775,000
Series L1, 0.06% 12/6/13, LOC Bank of America NA, VRDN (a)	46,850,000		46,850,000
Series L2, 0.06% 12/6/13, LOC Bank of America NA, VRDN (a)	40,730,000		40,730,000
Participating VRDN:
Series BA 08 1080, 0.07% 12/6/13 (Liquidity Facility Bank of America NA) (a)(e)	13,114,000		13,114,000
Series BBT 08 17, 0.05% 12/6/13 (Liquidity Facility Branch Banking & Trust Co.) (a)(e)	10,115,000		10,115,000
Series BBT 08 32, 0.05% 12/6/13 (Liquidity Facility Branch Banking & Trust Co.) (a)(e)	14,295,000		14,295,000
Series EGL 7 05 3031, 0.05% 12/6/13 (Liquidity Facility Citibank NA) (a)(e)	51,400,000		51,400,000
Series MS 06 1884, 0.05% 12/6/13 (Liquidity Facility Wells Fargo & Co.) (a)(e)	2,670,000		2,670,000
Series Putters 3363, 0.06% 12/6/13 (Liquidity Facility JPMorgan Chase Bank) (a)(e)	5,630,000		5,630,000
Series ROC II R 11854, 0.05% 12/6/13 (Liquidity Facility Citibank NA) (a)(e)	12,710,000		12,710,000
Series Solar 07 27, 0.05% 12/6/13 (Liquidity Facility U.S. Bank NA, Cincinnati) (a)(e)	25,485,000		25,485,000
Variable Rate Demand Note - continued
	Principal Amount		Value
Connecticut - continued
Connecticut Health & Edl. Facilities Auth. Rev.: - continued
Participating VRDN: - continued
Series 2007 B, 0.06% 12/6/13, LOC TD Banknorth, NA, VRDN (a)	$ 12,160,000		$ 12,160,000
Series 2007 D, 0.1% 12/6/13, LOC Bank of America NA, VRDN (a)	10,470,000		10,470,000
Series 2011 B, 0.07% 12/6/13, LOC Bank of America NA, VRDN (a)	51,090,000		51,090,000
Series 2013 H, 0.07% 12/6/13, LOC TD Banknorth, NA, VRDN (a)	6,000,000		6,000,000
Series 2013 O, 0.06% 12/6/13, LOC Wells Fargo Bank NA, VRDN (a)	50,000,000		50,000,000
Connecticut Hsg. Fin. Auth. (CIL Realty, Inc. Proj.):
Series 2008, 0.03% 12/6/13, LOC HSBC Bank U.S.A., NA, VRDN (a)	10,375,000		10,375,000
Series 2010, 0.05% 12/6/13, LOC HSBC Bank U.S.A., NA, VRDN (a)	3,900,000		3,900,000
Connecticut Innovations, Inc. Rev. (ISO New England, Inc. Proj.) Series 2012, 0.05% 12/6/13, LOC TD Banknorth, NA, VRDN (a)	13,200,000		13,200,000
Connecticut Spl. Tax Oblig. Trans. Infrastructure Rev. Participating VRDN:
Series MS 3347, 0.05% 12/6/13 (Liquidity Facility Cr. Suisse) (a)(e)	2,500,000		2,500,000
Series ROC II R 14073, 0.05% 12/6/13 (Liquidity Facility Citibank NA) (a)(e)	8,000,000		8,000,000
Stamford Hsg. Auth. Multi-family Rev. (Fairfield Apts. Proj.) Series 2010, 0.05% 12/6/13, LOC Freddie Mac, VRDN (a)(d)	30,095,000		30,095,000
			913,214,000
Louisiana - 0.2%
Saint James Parish Gen. Oblig. (Nucor Steel Louisiana LLC Proj.) Series 2010 B1:
0.35% 12/6/13, VRDN (a)	500,000		500,000
0.35% 12/6/13, VRDN (a)	2,800,000		2,800,000
			3,300,000
Nebraska - 0.0%
Stanton County Indl. Dev. Rev. (Nucor Corp. Proj.) Series 1996, 0.37% 12/6/13, VRDN (a)(d)	1,100,000		1,100,000
Nevada - 0.0%
Clark County Arpt. Rev. Series 2008 C3, 0.25% 12/6/13, LOC Landesbank Baden-Wurttemberg, VRDN (a)(d)	800,000		800,000
Variable Rate Demand Note - continued
	Principal Amount		Value
New Jersey - 0.1%
Salem County Poll. Cont. Fin. Auth. Rev. (Pub. Svc. Elec. and Gas Co. Proj.):
Series 2003 B1, 0.23% 12/6/13, VRDN (a)	$ 300,000		$ 300,000
Series 2012 A, 0.25% 12/6/13, VRDN (a)(d)	1,100,000		1,100,000
			1,400,000
New York - 0.3%
Dutchess County Indl. Dev. Agcy. Civic Facility Rev. (Lutheran Ctr. at Poughkeepsie, Inc. Proj.) 0.14% 12/6/13, LOC KeyBank NA, VRDN (a)	2,200,000		2,200,000
New York City Hsg. Dev. Corp. Multi-family Mtg. Rev. (Beekman Tower Proj.) Series 2008 A, 0.3% 12/6/13, LOC RBS Citizens NA, VRDN (a)	2,700,000		2,700,000
			4,900,000
North Carolina - 0.1%
Parson County Indl. Facilities and Poll. Cont. Fing. Auth. (CertainTeed Gypsum NC, Inc. Proj.) Series 2010, 0.11% 12/6/13, LOC Cr. Industriel et Commercial, VRDN (a)	1,700,000		1,700,000
Ohio - 0.3%
Ohio Air Quality Dev. Auth. Rev. (Cincinnati Gas & Elec. Co. Proj.) Series B, 0.15% 12/6/13, VRDN (a)	4,200,000		4,200,000
Ohio Higher Edl. Facility Commission Rev. (Univ. Hosp. Health Sys. Proj.) Series 2008 E, 0.34% 12/6/13, LOC RBS Citizens NA, VRDN (a)	700,000		700,000
			4,900,000
Puerto Rico - 5.9%
Puerto Rico Commonwealth Hwy. & Trans. Auth. Trans. Rev. Series 1998 A, 0.03% 12/6/13, LOC Bank of Nova Scotia, VRDN (a)	76,815,000		76,815,000
Puerto Rico Commonwealth Pub. Impt. Gen. Oblig. Series 2003 C5-2, 0.05% 12/6/13, LOC Barclays Bank PLC, VRDN (a)	33,900,000		33,900,000
			110,715,000
Variable Rate Demand Note - continued
	Principal Amount		Value
Wyoming - 0.1%
Converse County Envir. Impt. Rev. Series 1995, 0.23% 12/6/13, VRDN (a)(d)	$ 1,200,000		$ 1,200,000
Sweetwater County Poll. Cont. Rev. (PacifiCorp Proj.) Series 1984, 0.23% 12/6/13, VRDN (a)	400,000		400,000
			1,600,000
TOTAL VARIABLE RATE DEMAND NOTE (Cost $1,044,729,000)		1,044,729,000
Other Municipal Debt - 32.8%

Connecticut - 32.6%
Berlin Gen. Oblig. BAN 1% 5/23/14	9,259,000		9,295,124
Bethel Gen. Oblig. BAN 1% 5/14/14	8,765,000		8,796,497
Bloomfield Gen. Oblig. BAN 1.25% 10/31/14	5,000,000		5,048,035
Branford Gen. Oblig. BAN 1% 8/14/14	2,535,000		2,549,191
Bridgeport Gen. Oblig. TAN Series 2013 B, 1% 2/18/14	19,300,000		19,333,361
Brookfield Gen. Oblig. BAN:
Series 2013, 1.25% 11/20/14	4,630,000		4,677,505
1.25% 1/24/14	8,580,000		8,593,289
Connecticut Dev. Auth. Poll. Cont. Rev. Bonds (New England Pwr. Co. Proj.) Series 1999, 0.32% tender 12/17/13, CP mode	9,000,000		9,000,000
Connecticut Gen. Oblig. Bonds:
Series 2001 C:
5.5% 12/15/13	1,300,000		1,302,623
5.5% 12/15/13	2,525,000		2,530,098
Series 2004 A, 5% 3/1/14	1,300,000		1,315,238
Series 2004 B:
5% 12/1/13	2,410,000		2,410,000
5% 6/1/14	2,555,000		2,615,944
Series 2004 C, 5% 4/1/14	4,500,000		4,571,833
Series 2004 D, 3.4% 12/1/13	750,000		750,000
Series 2006 A, 4% 12/15/13	3,100,000		3,104,558
Series 2007 B, 5% 5/1/14	600,000		611,995
Series 2007 C:
0.28% 9/15/14 (a)	250,000		250,142
5% 6/1/14	2,500,000		2,560,111
Series 2007 E, 5% 3/15/14	3,250,000		3,294,581
Series 2008 A, 3.5% 4/15/14	1,605,000		1,624,724
Other Municipal Debt - continued
	Principal Amount		Value
Connecticut - continued
Connecticut Gen. Oblig. Bonds: - continued
Series 2009 A:
2.5% 2/15/14	$ 400,000		$ 401,799
4% 1/1/14 (Escrowed to Maturity)	2,325,000		2,332,422
5% 1/1/14 (Escrowed to Maturity)	21,210,000		21,295,877
Series 2009 B, 5% 3/1/14	2,000,000		2,023,677
Series 2009 D, 5% 1/1/14	12,115,000		12,164,049
Series 2010 C, 5% 12/1/13	2,000,000		2,000,000
Series 2011 A, 0.35% 5/15/14 (a)	4,000,000		4,004,888
Series 2012 A, 0.27% 4/15/14 (a)	22,000,000		22,016,940
Series 2012 F, 4% 9/15/14	7,705,000		7,935,769
Series 2013 A, 0.04% 3/1/14 (a)	20,000,000		20,000,000
Series 2013 C, 2% 7/15/14	10,000,000		10,112,736
Series 2013 D, 0.14% 8/15/14 (a)	2,500,000		2,500,000
Series 2013 E, 1% 8/15/14	5,000,000		5,028,446
Connecticut Health & Edl. Facilities Auth. Rev. Bonds:
(Yale Univ. Proj.):
Series S1, 0.09% tender 12/6/13, CP mode	15,000,000		15,000,000
Series S2, 0.07% tender 12/11/13, CP mode	4,650,000		4,650,000
Series 2013 N, 5% 11/1/14	2,350,000		2,452,448
Series Floaters 13 TP, 0.19%, tender 12/12/13 (Liquidity Facility Wells Fargo & Co.) (a)(e)(f)	29,200,000		29,200,000
Connecticut Hsg. Fin. Auth. Bonds Series 2011 F3, 0.7%, tender 12/19/13 (a)	1,500,000		1,500,000
Connecticut Muni. Elec. Energy Coop. Transmission Svcs. Rev. Bonds Series 2012 A, 3% 1/1/14	1,585,000		1,588,674
Connecticut Spl. Tax Oblig. Trans. Infrastructure Rev. Bonds:
Series 2003 B, 5% 1/1/14	575,000		577,285
Series 2009 1, 5% 2/1/14	2,500,000		2,520,236
Series 2009 A:
5% 12/1/13	6,855,000		6,855,000
5% 12/1/14	3,750,000		3,930,151
Series 2011 A:
5% 12/1/13	1,000,000		1,000,000
5% 12/1/14	135,000		141,291
Series 2011 B:
3% 12/1/13	10,540,000		10,540,000
5% 12/1/13	5,825,000		5,825,000
5% 12/1/14	1,355,000		1,419,694
Series 2012 A, 2% 1/1/14	18,400,000		18,428,019
Series 2013 A, 2% 10/1/14	18,570,000		18,851,365
Other Municipal Debt - continued
	Principal Amount		Value
Connecticut - continued
Connecticut State Revolving Fund Gen. Rev. Bonds Series 2011 A, 3% 1/1/14	$ 1,750,000		$ 1,754,142
Danbury Gen. Oblig. BAN 1.5% 7/25/14	10,000,000		10,085,349
East Lyme Gen. Oblig. BAN 1% 7/24/14	5,120,000		5,146,312
Easton Gen. Oblig. BAN 1.25% 7/2/14	7,372,000		7,416,605
Fairfield Gen. Oblig.:
BAN 1.25% 7/18/14	15,000,000		15,101,634
Bonds 3.375% 7/15/14	1,090,000		1,111,390
Greenwich Gen. Oblig.:
BAN Series 2013, 1% 1/23/14	55,000,000		55,066,949
Bonds:
Series 2010, 4% 1/15/14	3,780,000		3,797,732
Series 2013, 4% 1/15/14	4,200,000		4,219,797
Hartford County Metropolitan District Bonds Series 2013 A, 2% 4/1/14	1,000,000		1,005,957
Hartford County Metropolitan District Gen. Oblig.:
BAN:
1.25% 3/25/14	15,500,000		15,554,903
1.25% 3/25/14	18,800,000		18,866,592
Bonds:
Series 2010, 3% 4/1/14	1,080,000		1,090,221
Series 2013 A, 4% 2/1/14	1,515,000		1,524,758
Lyme and Old Lyme Reg'l. School District #18 Gen. Oblig. BAN 1.25% 1/8/14	7,825,000		7,833,528
Naugatuck Gen. Oblig. BAN 1% 3/18/14	18,300,000		18,343,481
New Milford Gen. Oblig. BAN 1.25% 7/24/14	11,935,000		12,016,291
Redding Gen. Oblig. BAN 1% 12/19/13	4,281,000		4,282,719
Ridgefield Gen. Oblig. BAN 1.25% 12/17/13	6,200,000		6,202,818
Rocky Hill Gen. Oblig. BAN Series 2013, 1% 5/15/14	4,100,000		4,114,472
Seymour Gen. Oblig. BAN 2% 7/31/14	2,785,000		2,817,495
South Windsor Gen. Oblig. BAN 1.25% 2/19/14	10,105,000		10,128,430
Southington Gen. Oblig. BAN 0.5% 1/28/14	20,000,000		20,011,600
Stamford Gen. Oblig. Bonds:
Series 2009 B, 5% 7/1/14	1,590,000		1,633,999
Series 2013, 2% 2/1/14	1,450,000		1,454,301
Thomaston Gen. Oblig. BAN 1.5% 5/8/14	3,850,000		3,870,605
Trumbull Gen. Oblig. BAN 1.25% 9/5/14	9,521,000		9,596,915
Univ. of Connecticut Gen. Oblig. Bonds:
Series 2004 A, 5% 1/15/14	1,525,000		1,533,943
Series 2011 A:
3% 2/15/14	4,050,000		4,073,106
5% 2/15/14	1,000,000		1,009,934
Other Municipal Debt - continued
	Principal Amount		Value
Connecticut - continued
Univ. of Connecticut Gen. Oblig. Bonds: - continued
Series 2011, 5% 2/15/14	$ 945,000		$ 954,326
Series 2013 A:
2% 2/15/14	655,000		657,369
2% 8/15/14	2,880,000		2,916,651
Watertown Gen. Oblig. BAN 1.5% 3/27/14	6,700,000		6,728,035
Windsor Locks Gen. Oblig. BAN 1.25% 7/1/14	3,000,000		3,018,303
Wolcott Gen. Oblig. BAN 1.25% 10/23/14	12,325,000		12,432,513
Woodbridge Gen. Oblig. BAN 1.25% 7/24/14	5,655,000		5,692,488
			613,596,278
Kentucky - 0.2%
Trimble County Poll. Cont. Rev. Bonds (Louisville Gas & Elec. Co. Proj.) Series 1992 A, 0.32% tender 12/17/13, CP mode (d)	2,800,000		2,800,000
Massachusetts - 0.0%
Massachusetts Indl. Fin. Agcy. Poll. Cont. Rev. Bonds (New England Pwr. Co. Proj.) Series 1993 B, 0.35% tender 12/23/13, CP mode	400,000		400,000
TOTAL OTHER MUNICIPAL DEBT (Cost $616,796,278)		616,796,278
Investment Company - 11.3%
	Shares
Fidelity Municipal Cash Central Fund, 0.07% (b)(c) (Cost $213,561,000)	213,561,000		213,561,000
TOTAL INVESTMENT PORTFOLIO - 99.6% (Cost $1,875,086,278)		1,875,086,278
NET OTHER ASSETS (LIABILITIES) - 0.4%		7,971,481
NET ASSETS - 100%		$ 1,883,057,759

Security Type Abbreviations
BAN	-	BOND ANTICIPATION NOTE
CP	-	COMMERCIAL PAPER
TAN	-	TAX ANTICIPATION NOTE
VRDN	-	VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly)

Legend

(a) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

(b) Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Municipal Cash Central Fund.

(c) Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

(d) Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.

(e) Provides evidence of ownership in one or more underlying municipal bonds.

Additional information on each restricted holding is as follows:

Security	Acquisition Date	Cost
Connecticut Health & Edl. Facilities Auth. Rev. Bonds Series Floaters 13 TP, 0.19%, tender 12/12/13 (Liquidity Facility Wells Fargo & Co.)	4/2/08 - 9/5/12	$ 29,200,000

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned
Fidelity Municipal Cash Central Fund	$ 268,707

Other Information

All investments are categorized as Level 2 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Connecticut Municipal Money Market Fund

Financial Statements

Statement of Assets and Liabilities

	November 30, 2013

Assets
Investment in securities, at value - See accompanying schedule: Unaffiliated issuers (cost $1,661,525,278)	$ 1,661,525,278
Fidelity Central Funds (cost $213,561,000)	213,561,000
Total Investments (cost $1,875,086,278)		$ 1,875,086,278
Cash		152,651
Receivable for securities sold on a delayed delivery basis		1,000,004
Receivable for fund shares sold		17,291,976
Interest receivable		4,237,082
Distributions receivable from Fidelity Central Funds		11,733
Prepaid expenses		4,704
Receivable from investment adviser for expense reductions		12,075
Other receivables		131
Total assets		1,897,796,634

Liabilities
Payable for investments purchased	$ 4,775,216
Payable for fund shares redeemed	9,397,242
Distributions payable	690
Accrued management fee	144,336
Other affiliated payables	383,267
Other payables and accrued expenses	38,124
Total liabilities		14,738,875

Net Assets		$ 1,883,057,759
Net Assets consist of:
Paid in capital		$ 1,883,058,193
Distributions in excess of net investment income		(12,064)
Accumulated undistributed net realized gain (loss) on investments		11,630
Net Assets, for 1,882,281,607 shares outstanding		$ 1,883,057,759
Net Asset Value, offering price and redemption price per share ($1,883,057,759 ÷ 1,882,281,607 shares)		$ 1.00

See accompanying notes which are an integral part of the financial statements.

Annual Report

Statement of Operations

	Year ended November 30, 2013

Investment Income
Interest		$ 2,265,606
Income from Fidelity Central Funds		268,707
Total income		2,534,313

Expenses
Management fee	$ 6,853,361
Transfer agent fees	1,980,416
Accounting fees and expenses	186,121
Custodian fees and expenses	21,930
Independent trustees' compensation	7,184
Registration fees	31,204
Audit	41,064
Legal	15,311
Miscellaneous	22,873
Total expenses before reductions	9,159,464
Expense reductions	(6,813,379)	2,346,085
Net investment income (loss)		188,228
Realized and Unrealized Gain (Loss) Net realized gain (loss) on:
Investment securities:
Unaffiliated issuers		11,659
Net increase in net assets resulting from operations		$ 199,887

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Connecticut Municipal Money Market Fund
Financial Statements - continued

Statement of Changes in Net Assets

	Year ended November 30, 2013	Year ended November 30, 2012
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 188,228	$ 178,836
Net realized gain (loss)	11,659	73,596
Net increase in net assets resulting from operations	199,887	252,432
Distributions to shareholders from net investment income	(188,463)	(179,081)
Share transactions at net asset value of $1.00 per share Proceeds from sales of shares	4,062,889,017	3,812,107,186
Reinvestment of distributions	182,094	175,513
Cost of shares redeemed	(4,037,830,534)	(3,737,650,600)
Net increase (decrease) in net assets and shares resulting from share transactions	25,240,577	74,632,099
Total increase (decrease) in net assets	25,252,001	74,705,450

Net Assets
Beginning of period	1,857,805,758	1,783,100,308
End of period (including distributions in excess of net investment income of $12,064 and distributions in excess of net investment income of $11,829, respectively)	$ 1,883,057,759	$ 1,857,805,758

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights

Years ended November 30,	2013	2012	2011	2010	2009
Selected Per-Share Data
Net asset value, beginning of period	$ 1.00	$ 1.00	$ 1.00	$ 1.00	$ 1.00
Income from Investment Operations
Net investment income (loss)	- ^D	- ^D	- ^D	- ^D	.001
Net realized and unrealized gain (loss) ^D	-	-	-	-	-
Total from investment operations	- ^D	- ^D	- ^D	- ^D	.001
Distributions from net investment income	- ^D	- ^D	- ^D	- ^D	(.001)
Distributions from net realized gain	-	-	- ^D	-	-
Total distributions	- ^D	- ^D	- ^D	- ^D	(.001)
Net asset value, end of period	$ 1.00	$ 1.00	$ 1.00	$ 1.00	$ 1.00
Total Return ^A	.01%	.01%	.01%	.01%	.12%
Ratios to Average Net Assets ^B,C
Expenses before reductions	.49%	.49%	.49%	.49%	.53%
Expenses net of fee waivers, if any	.13%	.18%	.22%	.28%	.49%
Expenses net of all reductions	.12%	.18%	.22%	.28%	.48%
Net investment income (loss)	.01%	.01%	.01%	.01%	.12%
Supplemental Data
Net assets, end of period (000 omitted)	$ 1,883,058	$ 1,857,806	$ 1,783,100	$ 1,655,588	$ 1,807,770

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Amount represents less than $.001 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Notes to Financial Statements

For the period ended November 30, 2013

1. Organization.

Fidelity Connecticut Municipal Income Fund (the Income Fund) is a fund of Fidelity Court Street Trust. Fidelity Connecticut Municipal Money Market Fund and (the Money Market Fund) is a fund of Fidelity Court Street Trust II. Each Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company. Fidelity Court Street Trust and Fidelity Court Street Trust II (the Trusts) are organized as a Massachusetts business trust and a Delaware statutory trust, respectively. The Income Fund is a non-diversified fund. Each Fund is authorized to issue an unlimited number of shares. Each Fund may be affected by economic and political developments in the state of Connecticut.

2. Investments in Fidelity Central Funds.

The Funds may invest in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Funds' Schedules of Investments list each of the Fidelity Central Funds held as of period end, if any, as an investment of each Fund, but do not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, each Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds, which are not covered by the Funds' Report of Independent Registered Public Accounting Firm, are available on the SEC website or upon request.

3. Significant Accounting Policies.

Annual Report

Notes to Financial Statements - continued

3. Significant Accounting Policies - continued

the financial statements. The following summarizes the significant accounting policies of the Funds:

Each Fund categorizes the inputs to valuation techniques used to value their investments into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value each Fund's investments by major category are as follows:

Annual Report

3. Significant Accounting Policies - continued

Investment Valuation - continued

rate until maturity. Securities held by a money market fund are generally high quality and liquid; however, they are reflected as Level 2 because the inputs used to determine fair value are not quoted prices in an active market.

For the Income Fund, changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

Investment Transactions and Income. For financial reporting purposes, the Funds' investment holdings and net asset value (NAV) include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day for the Income Fund and trades executed through the end of the current business day for the Money Market Funds. Gains and losses on securities sold are determined on the basis of identified cost. Interest income and distributions from the Fidelity Central Funds are accrued as earned. Interest income includes coupon interest and amortization of premium and accretion of discount on debt securities.

Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. During the period, the Money Market Fund incurred an excise tax liability on undistributed short-term capital gain and undistributed long-term capital gain and a corporate tax liability on undistributed short-term capital gain and undistributed long-term capital gain, which are included in Miscellaneous expense on the Statement of Operations. As of November 30, 2013, each Fund did not have any unrecognized tax benefits in the financial statements; nor is each Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.

Annual Report

Notes to Financial Statements - continued

3. Significant Accounting Policies - continued

Income Tax Information and Distributions to Shareholders - continued

Dividends are declared and recorded daily and paid monthly from net investment income. Distributions from realized gains, if any, are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP. In addition, the Funds claimed a portion of the payment made to redeeming shareholders as a distribution for income tax purposes.

Book-tax differences are primarily due to deferred trustees compensation and excise tax regulations.

The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows for each Fund:

	Tax cost	Gross unrealized appreciation	Gross unrealized depreciation	Net unrealized appreciation (depreciation) on securities and other investments
Fidelity Connecticut Municipal Income Fund	$ 433,359,899	$ 11,190,124	$ (8,138,914)	$ 3,051,210
Fidelity Connecticut Municipal Money Market Fund	$ 1,875,086,278	-	-	-

Annual Report

3. Significant Accounting Policies - continued

Income Tax Information and Distributions to Shareholders - continued

The tax-based components of distributable earnings as of period end were as follows for each Fund:

	Undistributed tax-exempt income	Undistributed long-term capital gain	Net unrealized appreciation (depreciation)
Fidelity Connecticut Municipal Income Fund	$ 66,388	$ 4,838,256	$ 3,051,210

The tax character of distributions paid was as follows:

November 30, 2013
	Tax-Exempt Income	Long-term Capital Gains	Total
Fidelity Connecticut Municipal Income Fund	$ 15,707,374	$ 3,083,712	$ 18,791,086
Fidelity Connecticut Municipal Money Market Fund	188,463	-	188,463
November 30, 2012
	Tax-Exempt Income	Long-term Capital Gains	Total
Fidelity Connecticut Municipal Income Fund	$ 17,069,207	$ 3,724,173	$ 20,793,380
Fidelity Connecticut Municipal Money Market Fund	179,081	-	179,081

Delayed Delivery Transactions and When-Issued Securities. During the period, the Funds transacted in securities on a delayed delivery or when-issued basis. Payment and delivery may take place after the customary settlement period for that security. The price of the underlying securities and the date when the securities will be delivered and paid for are fixed at the time the transaction is negotiated. The Funds may receive compensation for interest forgone in the purchase of a delayed delivery or when-issued security. With respect to purchase commitments, each applicable Fund identifies securities as segregated in its records with a value at least equal to the amount of the commitment. Losses may arise due to changes in the value of the underlying securities or if the counterparty does not perform under the contract's terms, or if the issuer does not issue the securities due to political, economic, or other factors.

Annual Report

Notes to Financial Statements - continued

3. Significant Accounting Policies - continued

4. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities, for the Income Fund aggregated $75,153,778 and $180,356,298, respectively.

5. Fees and Other Transactions with Affiliates.

Management Fee. Fidelity Management & Research Company (investment adviser) and its affiliates provide the Funds with investment management related services for which the Funds pay a monthly management fee. The management fee is the sum of an individual fund fee rate and an annualized group fee rate. The individual fund fee rate is applied to each Fund's average net assets. The group fee rate is based upon the average net assets of all the mutual funds advised by the investment adviser, including any mutual funds previously advised by the investment adviser that are currently advised by Fidelity SelectCo, LLC, an affiliate of the investment adviser. The group fee rate decreases as assets under management increase and increases as assets under management decrease. For the reporting period, each Fund's annual management fee rate expressed as a percentage of each Fund's average net assets was as follows.

	Individual Rate	Group Rate	Total
Fidelity Connecticut Municipal Income Fund	.25%	.11%	.36%
Fidelity Connecticut Municipal Money Market Fund	.25%	.11%	.36%

Transfer Agent and Accounting Fees. Citibank, N.A. (Citibank) is the custodian, transfer agent and servicing agent for the Funds. Citibank has entered into a sub-arrangement with Fidelity Investments Institutional Operations Company, Inc. (FIIOC), an affiliate of the investment adviser, under which FIIOC performs the activities associated with the Funds' transfer agency, dividend disbursing and shareholder servicing functions. The Funds pay Citibank account fees and asset-based fees that vary according to account size and type of account. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements. For the period, the transfer agent fees were equivalent to the following annual rates expressed as a percentage of average net assets:

Fidelity Connecticut Municipal Income Fund	.08%
Fidelity Connecticut Municipal Money Market Fund	.11%

Annual Report

5. Fees and Other Transactions with Affiliates - continued

Transfer Agent and Accounting Fees - continued

Citibank also has a sub-arrangement with Fidelity Service Company, Inc. (FSC), an affiliate of the investment adviser, under which FSC maintains each Fund's accounting records. The fee is paid to Citibank and is based on the level of average net assets for each month.

6. Committed Line of Credit.

Fidelity Connecticut Municipal Income Fund

$ 1,243

During the period, there were no borrowings on this line of credit.

7. Expense Reductions.

The investment adviser voluntarily agreed to reimburse each Fund to the extent annual operating expenses exceeded certain levels of average net assets as noted in the table below. Some expenses, for example interest expense, including commitment fees, are excluded from this reimbursement.

The following Funds were in reimbursement during the period:

	Expense Limitations	Reimbursement
Fidelity Connecticut Municipal Money Market Fund	.48%	$ 98,411

Additionally, the investment adviser or its affiliates voluntarily agreed to waive certain fees for the Money Market Fund in order to maintain a minimum annualized yield of .01%. Such arrangements may be discontinued by the investment adviser at any time. For the period, the amount of the waiver was $6,691,825.

Annual Report

Notes to Financial Statements - continued

7. Expense Reductions - continued

In addition, through arrangements with each applicable Fund's custodian, credits realized as a result of uninvested cash balances were used to reduce each applicable Fund's expenses. All of the applicable expense reductions are noted in the table below.

	Custody expense reduction	Transfer Agent expense reduction	Accounting expense reduction
Fidelity Connecticut Municipal Income Fund	$ 2,790	$ -	$ 6
Fidelity Connecticut Municipal Money Market Fund	6,495	16,593	55

8. Other.

Annual Report

Report of Independent Registered Public Accounting Firm

To the Trustees of Fidelity Court Street Trust and Fidelity Court Street Trust II and the Shareholders of Fidelity Connecticut Municipal Income Fund and Fidelity Connecticut Municipal Money Market Fund:

In our opinion, the accompanying statements of assets and liabilities, including the schedules of investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Fidelity Connecticut Municipal Income Fund (a fund of Fidelity Court Street Trust) and Fidelity Connecticut Municipal Money Market Fund and (a fund of Fidelity Court Street Trust II) at November 30, 2013, the results of each of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended and the financial highlights for each of the five years in the period then ended, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as "financial statements") are the responsibility of the Fidelity Court Street Trust's and Fidelity Court Street Trust II's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at November 30, 2013 by correspondence with the custodian and brokers, provide a reasonable basis for our opinion.

PricewaterhouseCoopers LLP

Boston, Massachusetts

January 15, 2014

Annual Report

Trustees and Officers

The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust. Each Trustee who is not an interested person (as defined in the 1940 Act) of the trust and the funds (Independent Trustee), shall retire not later than the last day of the month in which his or her 75th birthday occurs. The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees. The officers and Advisory Board Member hold office without limit in time, except that any officer and Advisory Board Member may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years.

In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing each fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the funds, is provided below.

Annual Report

Board Structure and Oversight Function. Abigail P. Johnson is an interested person (as defined in the 1940 Act) and currently serves as Chairman. The Trustees have determined that an interested Chairman is appropriate and benefits shareholders because an interested Chairman has a personal and professional stake in the quality and continuity of services provided to the funds. Independent Trustees exercise their informed business judgment to appoint an individual of their choosing to serve as Chairman, regardless of whether the Trustee happens to be independent or a member of management. The Independent Trustees have determined that they can act independently and effectively without having an Independent Trustee serve as Chairman and that a key structural component for assuring that they are in a position to do so is for the Independent Trustees to constitute a substantial majority for the Board. The Independent Trustees also regularly meet in executive session. Albert R. Gamper, Jr. serves as Chairman of the Independent Trustees and as such (i) acts as a liaison between the Independent Trustees and management with respect to matters important to the Independent Trustees and (ii) with management prepares agendas for Board meetings.

Annual Report

Trustees and Officers - continued

The funds' Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-544-8544.

Interested Trustees*:

Correspondence intended for each Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupations and Other Relevant Experience⁺
James C. Curvey (1935)
Year of Election or Appointment: 2008 Trustee
	Mr. Curvey also serves as Trustee of other Fidelity funds. Mr. Curvey is a Director of Fidelity Investments Money Management, Inc. (2009-present), Director of Fidelity Research & Analysis Co. (2009-present) and Director of FMR and FMR Co., Inc. (2007-present). Mr. Curvey is also Vice Chairman (2007-present) and Director of FMR LLC. In addition, Mr. Curvey serves as an Overseer for the Boston Symphony Orchestra and a member of the Trustees of Villanova University. Previously, Mr. Curvey was the Vice Chairman (2006-2007) and Director (2000-2007) of FMR Corp.
Abigail P. Johnson (1961)
Year of Election or Appointment: 2009 Trustee Chairman of the Board of Trustees
	Ms. Johnson also serves as Trustee of other Fidelity funds. Ms. Johnson serves as President of FMR LLC (2013-present), President of Fidelity Financial Services (2012-present) and President of Personal, Workplace and Institutional Services (2005-present). Ms. Johnson is Chairman and Director of FMR Co., Inc. (2011-present), Chairman and Director of FMR (2011-present), and the Vice Chairman and Director (2007-present) of FMR LLC. Previously, Ms. Johnson served as President and a Director of FMR (2001-2005), a Trustee of other investment companies advised by FMR, Fidelity Investments Money Management, Inc., and FMR Co., Inc. (2001-2005), Senior Vice President of the Fidelity funds (2001-2005), and managed a number of Fidelity funds. Ms. Abigail P. Johnson and Mr. Arthur E. Johnson are not related.

* Trustees have been determined to be "Interested Trustees" by virtue of, among other things, their affiliation with the trusts or various entities under common control with FMR.

Annual Report

Trustees and Officers - continued

Independent Trustees:

Correspondence intended for each Independent Trustee (that is, the Trustees other than the Interested Trustees) may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.

Name, Year of Birth; Principal Occupations and Other Relevant Experience⁺
Albert R. Gamper, Jr. (1942)
Year of Election or Appointment: 2006 Trustee Chairman of the Independent Trustees
	Mr. Gamper also serves as Trustee of other Fidelity funds. Prior to his retirement in December 2004, Mr. Gamper served as Chairman of the Board of CIT Group Inc. (commercial finance). During his tenure with CIT Group Inc. Mr. Gamper served in numerous senior management positions, including Chairman (1987-1989; 1999-2001; 2002-2004), Chief Executive Officer (1987-2004), and President (2002-2003). Mr. Gamper currently serves as a member of the Board of Directors of Public Service Enterprise Group (utilities, 2000-present), a member of the Board of Trustees, Rutgers University (2004-present), and Chairman of the Board of Barnabas Health Care System. Previously, Mr. Gamper served as Vice Chairman of the Independent Trustees of certain Fidelity funds (2011-2012) and as Chairman of the Board of Governors, Rutgers University (2004-2007).
Robert F. Gartland (1951)
Year of Election or Appointment: 2010 Trustee
	Mr. Gartland also serves as Trustee of other Fidelity funds. Mr. Gartland is Chairman and an investor in Gartland and Mellina Group Corp. (consulting, 2009-present). Previously, Mr. Gartland served as a partner and investor of Vietnam Partners LLC (investments and consulting, 2008-2011). Prior to his retirement, Mr. Gartland held a variety of positions at Morgan Stanley (financial services, 1979-2007) including Managing Director (1987-2007).
Arthur E. Johnson (1947)
Year of Election or Appointment: 2008 Trustee
	Mr. Johnson also serves as Trustee of other Fidelity funds. Mr. Johnson serves as a member of the Board of Directors of Eaton Corporation (diversified power management, 2009-present), AGL Resources, Inc. (holding company, 2002-present) and Booz Allen Hamilton (management consulting, 2011-present). Prior to his retirement, Mr. Johnson served as Senior Vice President of Corporate Strategic Development of Lockheed Martin Corporation (defense contractor, 1999-2009). He previously served on the Board of Directors of IKON Office Solutions, Inc. (1999-2008) and Delta Airlines (2005-2007). Mr. Arthur E. Johnson is not related to Ms. Abigail P. Johnson.
Michael E. Kenneally (1954)
Year of Election or Appointment: 2009 Trustee
	Mr. Kenneally also serves as Trustee of other Fidelity funds. Mr. Kenneally served as a Member of the Advisory Board for certain Fidelity funds before joining the Board of Trustees (2008-2009). Prior to his retirement, Mr. Kenneally served as Chairman and Global Chief Executive Officer of Credit Suisse Asset Management. Before joining Credit Suisse, he was an Executive Vice President and Chief Investment Officer for Bank of America Corporation. Earlier roles at Bank of America included Director of Research, Senior Portfolio Manager and Research Analyst, and Mr. Kenneally was awarded the Chartered Financial Analyst (CFA) designation in 1991.
James H. Keyes (1940)
Year of Election or Appointment: 2007 Trustee
	Mr. Keyes also serves as Trustee of other Fidelity funds. Mr. Keyes serves as a member of the Board and Non-Executive Chairman of Navistar International Corporation (manufacture and sale of trucks, buses, and diesel engines, since 2002). Previously, Mr. Keyes served as a member of the Board of Pitney Bowes, Inc. (integrated mail, messaging, and document management solutions, 1998-2013). Prior to his retirement, Mr. Keyes served as Chairman (1993-2002) and Chief Executive Officer (1988-2002) of Johnson Controls (automotive, building, and energy) and as a member of the Board of LSI Logic Corporation (semiconductor technologies, 1984-2008).
Marie L. Knowles (1946)
Year of Election or Appointment: 2001 Trustee Vice Chairman of the Independent Trustees
	Ms. Knowles also serves as Trustee of other Fidelity funds. Prior to Ms. Knowles' retirement in June 2000, she served as Executive Vice President and Chief Financial Officer of Atlantic Richfield Company (ARCO) (diversified energy, 1996-2000). From 1993 to 1996, she was a Senior Vice President of ARCO and President of ARCO Transportation Company. She served as a Director of ARCO from 1996 to 1998. Ms. Knowles currently serves as a Director and Chairman of the Audit Committee of McKesson Corporation (healthcare service, since 2002). Ms. Knowles is a member of the Board of the Catalina Island Conservancy and of the Santa Catalina Island Company (2009-present). She also serves as a member of the Advisory Board for the School of Engineering of the University of Southern California. Previously, Ms. Knowles served as a Director of Phelps Dodge Corporation (copper mining and manufacturing, 1994-2007), URS Corporation (engineering and construction, 2000-2003) and America West (airline, 1999-2002).
Kenneth L. Wolfe (1939)
Year of Election or Appointment: 2005 Trustee
	Mr. Wolfe also serves as Trustee of other Fidelity funds. Prior to his retirement, Mr. Wolfe served as Chairman and a Director (2007-2009) and Chairman and Chief Executive Officer (1994-2001) of Hershey Foods Corporation. He also served as a member of the Boards of Adelphia Communications Corporation (telecommunications, 2003-2006), Bausch & Lomb, Inc. (medical/pharmaceutical, 1993-2007), and Revlon, Inc. (personal care products, 2004-2009). Mr. Wolfe previously served as Chairman of the Independent Trustees of other Fidelity funds (2008-2012).

Annual Report

Advisory Board Member and Officers:

Name, Year of Birth; Principal Occupation
Elizabeth S. Acton (1951)
Year of Election or Appointment: 2013 Member of the Advisory Board
	Ms. Acton also serves as Trustee or Member of the Advisory Board of other Fidelity funds. Prior to her retirement in April 2012, Ms. Acton was Executive Vice President, Finance (2011-2012), Executive Vice President, Chief Financial Officer (2002-2011), and Treasurer (2004-2005) of Comerica Incorporated (financial services). Prior to joining Comerica, Ms. Acton held a variety of positions at Ford Motor Company (1983-2002), including Vice President and Treasurer (2000-2002) and Executive Vice President and Chief Financial Officer of Ford Motor Credit Company (1998-2000). Ms. Acton currently serves as a member of the Board of Directors and Audit and Finance Committees of Beazer Homes USA, Inc. (homebuilding, 2012-present).
Elizabeth Paige Baumann (1968)
Year of Election or Appointment: 2012 Anti-Money Laundering (AML) Officer
	Ms. Baumann also serves as AML Officer of other funds. She is Chief AML Officer of FMR LLC (2012-present) and is an employee of Fidelity Investments. Previously, Ms. Baumann served as Vice President and Deputy Anti-Money Laundering Officer (2007-2012).
Robert P. Brown (1963)
Year of Election or Appointment: 2012 Vice President of Fidelity's Bond Funds
	Mr. Brown also serves as Vice President of other funds. Mr. Brown serves as Executive Vice President of Fidelity Investments Money Management, Inc. (FIMM) (2010-present), President, Bond Group of FMR (2011-present), Director and Managing Director, Research of Fidelity Management & Research (U.K.) Inc. (2008-present), and is an employee of Fidelity Investments. Previously, Mr. Brown served as President, Money Market Group of FMR (2010-2011) and Vice President of Fidelity's Money Market Funds (2010-2012).
Marc Bryant (1966)
Year of Election or Appointment: 2013 Assistant Secretary
	Mr. Bryant also serves as an officer of other funds. He is Senior Vice President and Deputy General Counsel of FMR LLC. Prior to joining Fidelity Investments, Mr. Bryant served as a Senior Vice President and the Head of Global Retail Legal for AllianceBernstein L.P. (2006-2010), and as the General Counsel for ProFund Advisors LLC (2001-2006).
Jonathan Davis (1968)
Year of Election or Appointment: 2010 Assistant Treasurer
	Mr. Davis also serves as Assistant Treasurer of other funds. Mr. Davis is an employee of Fidelity Investments. Previously, Mr. Davis served as Vice President and Associate General Counsel of FMR LLC (2003-2010).
Adrien E. Deberghes (1967)
Year of Election or Appointment: 2010 Assistant Treasurer
	Mr. Deberghes also serves as an officer of other funds. He is an employee of Fidelity Investments (2008-present). Prior to joining Fidelity Investments, Mr. Deberghes was Senior Vice President of Mutual Fund Administration at State Street Corporation (2007-2008), Senior Director of Mutual Fund Administration at Investors Bank & Trust (2005-2007), and Director of Finance for Dunkin' Brands (2000-2005).
Stephanie J. Dorsey (1969)
Year of Election or Appointment: 2013 President and Treasurer
	Ms. Dorsey also serves as an officer of other funds. She is an employee of Fidelity Investments (2008-present) and has served in other fund officer roles. Prior to joining Fidelity Investments, Ms. Dorsey served as Treasurer (2004-2008) of the JPMorgan Mutual Funds and Vice President (2004-2008) of JPMorgan Chase Bank.
Scott C. Goebel (1968)
Year of Election or Appointment: 2008 Secretary and Chief Legal Officer (CLO)
	Mr. Goebel serves as Secretary and CLO of other funds. Mr. Goebel also serves as Secretary of Fidelity Investments Money Management, Inc. (FIMM) (2010-present) and Fidelity Research and Analysis Company (FRAC) (2010-present); General Counsel, Secretary, and Senior Vice President of FMR (2008-present) and FMR Co., Inc. (2008-present); Chief Legal Officer of Fidelity Management & Research (Hong Kong) Limited (2008-present) and Assistant Secretary of Fidelity Management & Research (Japan) Inc. (2008-present), and Fidelity Management & Research (U.K.) Inc. (2008-present). Previously, Mr. Goebel served as Secretary and CLO of other Fidelity funds (2008-2013), Assistant Secretary of FIMM (2008-2010), FRAC (2008-2010), and certain funds (2007-2008); and as Vice President and Secretary of Fidelity Distributors Corporation (FDC) (2005-2007). Mr. Goebel has been employed by FMR LLC or an affiliate since 2001.
Chris Maher (1972)
Year of Election or Appointment: 2013 Assistant Treasurer
	Mr. Maher serves as Assistant Treasurer of other funds. Mr. Maher is Vice President of Valuation Oversight and is an employee of Fidelity Investments. Previously, Mr. Maher served as Vice President of Asset Management Compliance (2013), Vice President of FMR's Program Management Group (2010-2013), and Vice President of Valuation Oversight (2008-2010).
Charles S. Morrison (1960)
Year of Election or Appointment: 2012 Vice President
	Mr. Morrison also serves as Vice President of other funds. He serves as President, Fixed Income and is an employee of Fidelity Investments. Previously, Mr. Morrison served as Vice President of Fidelity's Money Market Funds (2005-2009), President, Money Market Group Leader of FMR (2009), and Senior Vice President, Money Market Group of FMR (2004-2009). Mr. Morrison also served as Vice President of Fidelity's Bond Funds (2002-2005), certain Balanced Funds (2002-2005), and certain Asset Allocation Funds (2002-2007), and as Senior Vice President (2002-2005) of Fidelity's Fixed Income Division.
Nancy D. Prior (1967)
Year of Election or Appointment: 2012 Vice President of Fidelity's Money Market Funds
	Ms. Prior also serves as Vice President of other funds. Ms. Prior serves as President, Money Market Group of FMR (2011-present) and is an employee of Fidelity Investments (2002-present). Previously, Ms. Prior served as Managing Director of Research (2009-2011), Senior Vice President and Deputy General Counsel (2007-2009), and Assistant Secretary of other Fidelity funds (2008-2009).
Christine Reynolds (1958)
Year of Election or Appointment: 2008 Chief Financial Officer
	Ms. Reynolds also serves as Chief Financial Officer of other funds. Ms. Reynolds became President of Fidelity Pricing and Cash Management Services (FPCMS) in August 2008. Ms. Reynolds served as Chief Operating Officer of FPCMS (2007-2008). Previously, Ms. Reynolds served as President, Treasurer, and Anti-Money Laundering officer of the Fidelity funds (2004-2007).
Kenneth B. Robins (1969)
Year of Election or Appointment: 2009 Assistant Treasurer
	Mr. Robins also serves as an officer of other funds. Mr. Robins serves as Executive Vice President of Fidelity Investments Money Management, Inc. (FIMM) (2013-present) and is an employee of Fidelity Investments (2004-present). Previously, Mr. Robins served in other fund officer roles.
Gary W. Ryan (1958)
Year of Election or Appointment: 2005 Assistant Treasurer
	Mr. Ryan also serves as Assistant Treasurer of other funds. Mr. Ryan is an employee of Fidelity Investments and has served in other fund officer roles. Previously, Mr. Ryan served as Vice President of Fund Reporting in Fidelity Pricing and Cash Management Services (FPCMS) (1999-2005).
Stephen Sadoski (1971)
Year of Election or Appointment: 2013 Deputy Treasurer
	Mr. Sadoski also serves as Deputy Treasurer of other funds. He is an employee of Fidelity Investments (2012-present) and has served in another fund officer role. Prior to joining Fidelity Investments, Mr. Sadoski served as an assistant chief accountant in the Division of Investment Management of the Securities and Exchange Commission (SEC) (2009-2012) and as a senior manager at Deloitte & Touche LLP (1997-2009).
Stacie M. Smith (1974)
Year of Election or Appointment: 2013 Assistant Treasurer
	Ms. Smith also serves as an officer of other funds. She is an employee of Fidelity Investments (2009-present) and has served in other fund officer roles. Prior to joining Fidelity Investments, Ms. Smith served as Senior Audit Manager of Ernst & Young LLP (1996-2009).
Renee Stagnone (1975)
Year of Election or Appointment: 2013 Deputy Treasurer
	Ms. Stagnone also serves as Deputy Treasurer of other funds. Ms. Stagnone is an employee of Fidelity Investments.
Michael H. Whitaker (1967)
Year of Election or Appointment: 2008 Chief Compliance Officer
	Mr. Whitaker also serves as Chief Compliance Officer of other funds. Mr. Whitaker is an employee of Fidelity Investments (2007-present). Prior to joining Fidelity Investments, Mr. Whitaker worked at MFS Investment Management where he served as Senior Vice President and Chief Compliance Officer (2004-2006), and Assistant General Counsel.
Joseph F. Zambello (1957)
Year of Election or Appointment: 2011 Deputy Treasurer
	Mr. Zambello also serves as Deputy Treasurer of other funds. Mr. Zambello is an employee of Fidelity Investments. Previously, Mr. Zambello served as Vice President of FMR's Program Management Group (2009-2011) and Vice President of the Transfer Agent Oversight Group (2005-2009).

Annual Report

Distributions (Unaudited)

	Pay Date	Record Date	Dividends	Capital Gains
Fidelity Connecticut Municipal Income Fund	12/23/13	12/20/13	$0.00	$0.127

Fidelity Connecticut Municipal Income Fund

$6,352,332

During fiscal year ended 2013, 100% of each fund's income dividends were free from federal income tax, and 2.15% and 7.81% of Fidelity Connecticut Municipal Income Fund and Fidelity Connecticut Municipal Money Market Fund's income dividends, respectively, were subject to the federal alternative minimum tax.

The fund will notify shareholders in January 2014 of amounts for use in preparing 2013 income tax returns.

Annual Report

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Connecticut Municipal Income Fund / Fidelity Connecticut Municipal Money Market Fund

Each year, the Board of Trustees, including the Independent Trustees (together, the Board), votes on the renewal of the management contract with Fidelity Management & Research Company (FMR) and the sub-advisory agreements (together, the Advisory Contracts) for each fund. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, requests and considers a broad range of information relevant to the renewal of the Advisory Contracts throughout the year.

The Board meets regularly and, at each of its meetings, covers an extensive agenda of topics and materials and considers factors that are relevant to its annual consideration of the renewal of each fund's Advisory Contracts, including the services and support provided to each fund and its shareholders. The Board has established four standing committees, Operations, Audit, Fair Valuation, and Governance and Nominating, each composed of and chaired by Independent Trustees with varying backgrounds, to which the Board has assigned specific subject matter responsibilities in order to enhance effective decision-making by the Board. The Operations Committee, of which all of the Independent Trustees are members, meets regularly throughout the year and, among other matters, considers matters specifically related to the annual consideration of the renewal of each fund's Advisory Contracts. The Board, acting directly and through its Committees, requests and receives information concerning the annual consideration of the renewal of each fund's Advisory Contracts. The Board also meets as needed to consider matters specifically related to the Board's annual consideration of the renewal of Advisory Contracts. Members of the Board may also meet with trustees of other Fidelity funds through ad hoc joint committees to discuss certain matters relevant to the Fidelity funds.

Annual Report

Board Approval of Investment Advisory Contracts and
Management Fees - continued

Resources Dedicated to Investment Management and Support Services. The Board reviewed the general qualifications and capabilities of Fidelity's investment staff, including its size, education, experience, and resources, as well as Fidelity's approach to recruiting, managing, and compensating investment personnel. The Board noted that Fidelity has continued to increase the resources devoted to non-U.S. offices, including expansion of Fidelity's global investment organization. The Board also noted that Fidelity's analysts have extensive resources, tools and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board believes that Fidelity's investment professionals have sufficient access to global information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, as well as to transmit new information and research conclusions rapidly around the world. Additionally, in its deliberations, the Board considered Fidelity's' trading and risk management capabilities and resources, which are an integral part of the investment management process.

Shareholder and Administrative Services. The Board considered (i) the nature, extent, quality, and cost of advisory, administrative, and shareholder services performed by the Investment Advisers and their affiliates under the Advisory Contracts and under separate agreements covering transfer agency and pricing and bookkeeping services for each fund; (ii) the nature and extent of the supervision of third party service providers, principally custodians and subcustodians; and (iii) the resources devoted to, and the record of compliance with, each fund's compliance policies and procedures.

Annual Report

Investment Performance (for Fidelity Connecticut Municipal Income Fund). The Board considered whether the fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions and its performance history.

Annual Report

Board Approval of Investment Advisory Contracts and
Management Fees - continued

The Board took into account discussions with the Investment Advisers about fund investment performance that occur at Board meetings throughout the year. In this regard the Board noted that as part of regularly scheduled fund reviews and other reports to the Board on fund performance, the Board periodically considers annualized return information for the fund for different time periods, measured against a securities market index ("benchmark index") and a peer group of mutual funds with similar objectives ("peer group"). In its evaluation of fund investment performance at meetings throughout the year, the Board gave particular attention to information indicating underperformance of certain Fidelity funds for specific time periods and the Investment Advisers' explanations for such underperformance.

The Independent Trustees recognize that shareholders evaluate performance on a net basis over their own holding periods, for which one-, three-, and five-year periods are often used as a proxy. For this reason, the performance information reviewed by the Board also included net cumulative calendar year total return information for the fund and an appropriate benchmark index and peer group for the most recent one-, three-, and five-year periods.

Investment Performance (for Fidelity Connecticut Municipal Money Market Fund). The Board considered whether the fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions and its performance history.

Annual Report

Based on its review, the Board concluded that the nature, extent, and quality of services provided to each fund under the Advisory Contracts should benefit each fund's shareholders.

Annual Report

Board Approval of Investment Advisory Contracts and
Management Fees - continued

Fidelity Connecticut Municipal Income Fund

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The Board noted that the fund's management fee rate ranked below the median of its Total Mapped Group and below the median of its ASPG for 2012.

Annual Report

Fidelity Connecticut Municipal Money Market Fund

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The Board noted that the fund's management fee rate ranked below the median of its Total Mapped Group and above the median of its ASPG for 2012.

Based on its review, the Board concluded that each fund's management fee is fair and reasonable in light of the services that the fund receives and the other factors considered.

The Board noted that each fund's total expense ratio ranked below its competitive median for 2012. The Board considered that Fidelity has been voluntarily waiving part or all of the transfer agent fees and/or management fees to maintain a minimum yield for Fidelity Connecticut Municipal Money Market Fund, and also noted that Fidelity retains the ability to be repaid in certain circumstances.

Annual Report

Board Approval of Investment Advisory Contracts and
Management Fees - continued

Costs of the Services and Profitability. The Board considered the revenues earned and the expenses incurred by Fidelity in conducting the business of developing, marketing, distributing, managing, administering and servicing each fund and servicing each fund's shareholders. The Board also considered the level of Fidelity's profits in respect of all the Fidelity funds.

Economies of Scale. The Board considered whether there have been economies of scale in respect of the management of the Fidelity funds, whether the Fidelity funds (including each fund) have appropriately benefited from any such economies of scale, and whether there is potential for realization of any further economies of scale. The Board considered the extent to which each fund will benefit from economies of scale through increased services to the fund, through waivers or reimbursements, or through fee or expense reductions. The Board also noted that in 2009, it and the board of other Fidelity funds created an ad hoc committee (the Economies of Scale Committee) to analyze whether Fidelity attains economies of scale in respect of the management and servicing of the Fidelity funds, whether the Fidelity funds have appropriately benefited from such economies of scale, and whether there is potential for realization of any further economies of scale.

Annual Report

The Board concluded, taking into account the analysis of the Economies of Scale Committee, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity.

Annual Report

Board Approval of Investment Advisory Contracts and
Management Fees - continued

Annual Report

Investment Adviser

Fidelity Management & Research Company
Boston, MA

Investment Sub-Advisers

Fidelity Investments
Money Management, Inc.

Fidelity Management & Research
(Hong Kong) Limited

Fidelity Management & Research
(Japan) Inc.

Fidelity Management & Research
(U.K.) Inc.

General Distributor

Fidelity Distributors Corporation

Smithfield, RI

Transfer and Service Agents

Citibank, N.A.

New York, NY

Fidelity Investments Institutional Operations Company, Inc.

Boston, MA

Fidelity Service Company, Inc.

Boston, MA

Custodian

Citibank, N.A.

New York, NY

The Fidelity Telephone Connection

Mutual Fund 24-Hour Service

Exchanges/Redemptions

and Account Assistance 1-800-544-6666

Product Information 1-800-544-6666

Retirement Accounts 1-800-544-4774 (8 a.m. - 9 p.m.)

TDD Service 1-800-544-0118
for the deaf and hearing impaired
(9 a.m. - 9 p.m. Eastern time)

Fidelity Automated Service
Telephone (FAST^®) ccc613398
1-800-544-5555

Automated line for quickest service

(Fidelity Investment logo)(registered trademark)
Corporate Headquarters
245 Summer St., Boston, MA 02210
www.fidelity.com

CTF-UANN-0114
1.786713.110

Item 2. Code of Ethics

As of the end of the period, November 30, 2013, Fidelity Court Street Trust II (the trust) has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its President and Treasurer and its Chief Financial Officer. A copy of the code of ethics is filed as an exhibit to this Form N-CSR.

Item 3. Audit Committee Financial Expert

The Board of Trustees of the trust has determined that James H. Keyes is an audit committee financial expert, as defined in Item 3 of Form N-CSR. Mr. Keyes is independent for purposes of Item 3 of Form N-CSR.

Item 4. Principal Accountant Fees and Services

Fees and Services

The following table presents fees billed by PricewaterhouseCoopers LLP ("PwC") in each of the last two fiscal years for services rendered to Fidelity Connecticut Municipal Money Market Fund, Fidelity New Jersey AMT Tax-Free Money Market Fund, and Fidelity New Jersey Municipal Money Market Fund (the "Funds"):

Services Billed by PwC

November 30, 2013 Fees^A

	Audit Fees	Audit-Related Fees	Tax Fees	All Other Fees
Fidelity Connecticut Municipal Money Market Fund	$36,000	$-	$2,100	$2,200
Fidelity New Jersey AMT Tax-Free Money Market Fund	$39,000	$-	$2,100	$1,700
Fidelity New Jersey Municipal Money Market Fund	$36,000	$-	$2,100	$2,400

November 30, 2012 Fees^A

	Audit Fees	Audit-Related Fees	Tax Fees	All Other Fees
Fidelity Connecticut Municipal Money Market Fund	$35,000	$-	$2,000	$2,200
Fidelity New Jersey AMT Tax-Free Money Market Fund	$38,000	$-	$2,000	$1,700
Fidelity New Jersey Municipal Money Market Fund	$35,000	$-	$2,000	$2,400

^AAmounts may reflect rounding.

The following table presents fees billed by PwC that were required to be approved by the Audit Committee for services that relate directly to the operations and financial reporting of the Funds and that are rendered on behalf of Fidelity Management & Research Company ("FMR") and entities controlling, controlled by, or under common control with FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) that provide ongoing services to the Funds ("Fund Service Providers"):

Services Billed by PwC

	November 30, 2013^A	November 30, 2012^A
Audit-Related Fees	$4,860,000	$5,130,000
Tax Fees	$-	$-
All Other Fees	$50,000	$-

^A Amounts may reflect rounding.

"Audit-Related Fees" represent fees billed for assurance and related services that are reasonably related to the performance of the fund audit or the review of the fund's financial statements and that are not reported under Audit Fees.

"Tax Fees" represent fees billed for tax compliance, tax advice or tax planning that relate directly to the operations and financial reporting of the fund.

"All Other Fees" represent fees billed for services provided to the fund or Fund Service Provider, a significant portion of which are assurance related, that relate directly to the operations and financial reporting of the fund, excluding those services that are reported under Audit Fees, Audit-Related Fees or Tax Fees.

Assurance services must be performed by an independent public accountant.

* * *

The aggregate non-audit fees billed by PwC for services rendered to the Funds, FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any Fund Service Provider for each of the last two fiscal years of the Funds are as follows:

Billed By	November 30, 2013^A	November 30, 2012^A
PwC	$5,455,000	$6,050,000

^A Amounts may reflect rounding.

The trust's Audit Committee has considered non-audit services that were not pre-approved that were provided by PwC to Fund Service Providers to be compatible with maintaining the independence of PwC in its audit of the Funds, taking into account representations from PwC, in accordance with Public Company Accounting Oversight Board rules, regarding its independence from the Funds and their related entities and FMR's review of the appropriateness and permissibility under applicable law of such non-audit services prior to their provision to the Fund Service Providers.

Audit Committee Pre-Approval Policies and Procedures

The trust's Audit Committee must pre-approve all audit and non-audit services provided by a fund's independent registered public accounting firm relating to the operations or financial reporting of the fund. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.

The Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee's consideration of non-audit services by the audit firms that audit the Fidelity funds. The policies and procedures require that any non-audit service provided by a fund audit firm to a Fidelity fund and any non-audit service provided by a fund auditor to a Fund Service Provider that relates directly to the operations and financial reporting of a Fidelity fund ("Covered Service") are subject to approval by the Audit Committee before such service is provided.

All Covered Services must be approved in advance of provision of the service either: (i) by formal resolution of the Audit Committee, or (ii) by oral or written approval of the service by the Chair of the Audit Committee (or if the Chair is unavailable, such other member of the Audit Committee as may be designated by the Chair to act in the Chair's absence). The approval contemplated by (ii) above is permitted where the Treasurer determines that action on such an engagement is necessary before the next meeting of the Audit Committee.

Non-audit services provided by a fund audit firm to a Fund Service Provider that do not relate directly to the operations and financial reporting of a Fidelity fund are reported to the Audit Committee on a periodic basis.

Non-Audit Services Approved Pursuant to Rule 2-01(c)(7)(i)(C) and (ii) of Regulation S-X ("De Minimis Exception")

There were no non-audit services approved or required to be approved by the Audit Committee pursuant to the De Minimis Exception during the Funds' last two fiscal years relating to services provided to (i) the Funds or (ii) any Fund Service Provider that relate directly to the operations and financial reporting of the Funds.

Item 5. Audit Committee of Listed Registrants

Not applicable.

Item 6. Investments

(a) Not applicable.

(b) Not applicable

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies

Not applicable.

Item 8. Portfolio Managers of Closed-End Management Investment Companies

Not applicable.

Item 9. Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers

Not applicable.

Item 10. Submission of Matters to a Vote of Security Holders

There were no material changes to the procedures by which shareholders may recommend nominees to the trust's Board of Trustees.

Item 11. Controls and Procedures

(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the trust's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.

(a)(ii) There was no change in the trust's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the trust's internal control over financial reporting.

Item 12. Exhibits

(a)	(1)	Code of Ethics pursuant to Item 2 of Form N-CSR is filed and attached hereto as EX-99.CODE ETH.
(a)	(2)	Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.
(a)	(3)	Not applicable.
(b)		Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) is furnished and attached hereto as Exhibit 99.906CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Fidelity Court Street Trust II

By:	/s/ Stephanie J. Dorsey
	Stephanie J. Dorsey
	President and Treasurer

Date:	January 27, 2014

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/Stephanie J. Dorsey
	Stephanie J. Dorsey
	President and Treasurer

Date:	January 27, 2014

By:	/s/Christine Reynolds
	Christine Reynolds
	Chief Financial Officer

Date:	January 27, 2014

Fidelity Court Street Trust Ii N-CSRCertified annual shareholder report (management investment company)

Contents

Shareholder Expense Example

Investment Changes/Performance (Unaudited)

Investments November 30, 2013

Statement of Assets and Liabilities

Statement of Assets and Liabilities - continued

Statement of Operations

Statement of Changes in Net Assets

Financial Highlights - New Jersey AMT Tax-Free Money Market

Financial Highlights - Institutional Class

Financial Highlights - Service Class

Notes to Financial Statements

Report of Independent Registered Public Accounting Firm

Trustees and Officers

Board Approval of Investment Advisory Contracts and Management Fees

Contents

Shareholder Expense Example

Performance: The Bottom Line

Management's Discussion of Fund Performance

Investment Changes (Unaudited)

Investments November 30, 2013

Statement of Assets and Liabilities

Statement of Operations

Statement of Changes in Net Assets

Financial Highlights

Investment Changes/Performance (Unaudited)

Investments November 30, 2013

Statement of Assets and Liabilities

Statement of Operations

Statement of Changes in Net Assets

Financial Highlights

Notes to Financial Statements

Report of Independent Registered Public Accounting Firm

Trustees and Officers

Board Approval of Investment Advisory Contracts and Management Fees

Contents

Shareholder Expense Example

Performance: The Bottom Line

Management's Discussion of Fund Performance

Investment Changes (Unaudited)

Investments November 30, 2013

Statement of Assets and Liabilities

Statement of Operations

Statement of Changes in Net Assets

Financial Highlights

Investment Changes/Performance (Unaudited)

Investments November 30, 2013

Statement of Assets and Liabilities

Statement of Operations

Statement of Changes in Net Assets

Financial Highlights

Notes to Financial Statements

Report of Independent Registered Public Accounting Firm

Trustees and Officers

Board Approval of Investment Advisory Contracts and Management Fees