A processor capable of fetching and executing variable length instructions is described having instructions of at least two lengths. The processor operates in multiple modes. One of the modes restricts instructions that can be fetched and executed to the longer length instructions. An instruction cache is used for storing variable length instructions and their associated predecode bit fields in an instruction cache line and storing the instruction address and processor operating mode state information at the time of the fetch in a tag line. The processor operating mode state information indicates the program specified mode of operation of the processor. The processor fetches instructions from the instruction cache for execution. As a result of an instruction fetch operation, the instruction cache may selectively enable the writing of predecode bit fields in the instruction cache and may selectively enable the reading of predecode bit fields stored in the instruction cache based on the processor state at the time of the fetch.