FIDELITY COMMONWEALTH TRUST, 497, 1994-08-29

FIDELITY COMMONWEALTH TRUST
497, 1994-08-29
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SUPPLEMENT TO THE
FIDELITY INTERMEDIATE 
BOND FUND
PROSPECTUS
DATED JUNE 18, 1994
   The Board of Trustees has     
   unanimously approved a     
   proposal to hold a special     
   meeting of shareholders of     
   Fidelity Intermediate Bond     
   Fund on October 26, 1994, to     
   approve revisions to the fund's     
   current management contract     
   and other matters related to the     
   fund's management. If     
   shareholders approve the new     
   management contract,     
   Intermediate Bond Fund will     
   adopt the revised        management     
   contract effective November 1,     
   1994, or the first day of the     
   month following approval. The     
   proposed management     
   contract would lower the group     
   fee component of the fund's     
   management fee as FMR's     
   mutual fund assets under     
   management increase and     
   increase the individual fund fee     
   rate from .15% to .30% of the     
   fund's monthly average net     
   assets. The revised group fee     
   component that is being     
   submitted to shareholders has     
   been voluntarily adopted by     
   FMR on August 1, 1994. These     
   proposed changes would     
   increase the fund's     
   management fee to make it     
   consistent with fees paid by     
   comparable Fidelity funds.     
   Please contact Fidelity if you     
   would like to receive a        copy of     
   the proxy statement.    
 
 
 
   
   
SUPPLEMENT TO THE
FIDELITY INTERMEDIATE 
BOND FUND
PROSPECTUS
DATED JUNE 18, 1994
   The Board of Trustees has     
   unanimously approved a     
   proposal to hold a special     
   meeting of shareholders of     
   Fidelity Intermediate Bond     
   Fund on October 26, 1994, to     
   approve revisions to the fund's     
   current management contract     
   and other matters related to the     
   fund's management. If     
   shareholders approve the new     
   management contract,     
   Intermediate Bond Fund will     
   adopt the revised        management     
   contract effective November 1,     
   1994, or the first day of the     
   month following approval. The     
   proposed management     
   contract would lower the group     
   fee component of the fund's     
   management fee as FMR's     
   mutual fund assets under     
   management increase and     
   increase the individual fund fee     
   rate from .15% to .30% of the     
   fund's monthly average net     
   assets. The revised group fee     
   component that is being     
   submitted to shareholders has     
   been voluntarily adopted by     
   FMR on August 1, 1994. These     
   proposed changes would     
   increase the fund's     
   management fee to make it     
   consistent with fees paid by     
   comparable Fidelity funds.     
   Please contact Fidelity if you     
   would like to receive a        copy of     
   the proxy statement.    
 
 
 
   
   
IBF-94-1 August 29, 1994
IBF-94-1 August 29, 1994