which is managed by a Bermuda-based fund manager's Ireland office.

S & P gave a triple-`Am' money market fund rating to the United States Dollar Fund, a subfund of the Dublin-based umbrella fund, Fidelity Institutional Cash Fund PLC.

The rating is based on Standard & Poor's analysis of the fund's credit quality, investment policies, market price exposure, and conservative management. The rating signifies that the safety of the invested principal is excellent, and that there is a superior capacity to maintain a stable or rising net asset value at all times.

This is achieved through conservative investment practices and strict internal controls. Standard & Poor's reviews pertinent fund information, including net assets, weighted-average maturities, net asset values, and redemptions on a weekly basis.

Fidelity International Ltd. the Bermuda-based investment manager (with total assets under management of more than $100 billion, as of June 2000) has appointed its UK-based subsidiary, Fidelity Investments International, as investment adviser to the United States Dollar Fund.