SUPPLEMENT TO THE
FIDELITY INTERMEDIATE
BOND FUND
PROSPECTUS
DATED DECEMBER 1, 1994
The following information
replaces the similar
information found in the
Expenses section beginning
on page 4.
SHAREHOLDER TRANSACTION
EXPENSES are charges you
pay when you buy, s ell, or
hold shares of a fund. See
page 23 for more information
about these fees.
Maximum sales charge on
purchases and
reinvested distributions None
Deferred sales charge on
redemptions None
Exchange fee None
Annual account maintenance fee
(for accounts under $2,500) $12.
00
The following paragraph
supplements the information
found in the section entitled
Transaction Details beginning
on page 23.
FIDELITY RESERVES THE RIGHT
TO DEDUCT AN ANNUAL
MAINTENANCE FEE of $12.00
from accounts with a value of
less than $2,500, subject to
an annual maximum charge
of $60.00 per shareholder. It
is expected that accounts will
be valued on the second
Friday in November of each
year. Accounts opened after
September 30 will not be
subject to the fee for that
year. The fee, which is
payable to the transfer agent,
is designed to offset in part
the relatively higher costs of
servicing smaller accounts.
The fee will not be deducted
from retirement accounts,
accounts using regular
investment plans, or if total
assets in Fidelity funds
exceed $50,000. Eligibility for
the $50,000 waiver is
determined by aggregating
Fidelity mutual fund accounts
maintained by FSC or FBSI
which are registered under
the same social security
number or which list the
same social security number
for the custodian of a
Uniform Gifts/Transfers to
Minors Act account.
The following information
replaces the similar
information found in the
Management Fee section
beginning on page 12.
Effective December 1, 1994,
the individual fund fee rate is
.30%.
SUPPLEMENT TO THE
FIDELITY INTERMEDIATE
BOND FUND
PROSPECTUS
DATED DECEMBER 1, 1994
The following information
replaces the similar
information found in the
Expenses section beginning
on page 4.
SHAREHOLDER TRANSACTION
EXPENSES are charges you
pay when you buy, s ell, or
hold shares of a fund. See
page 23 for more information
about these fees.
Maximum sales charge on
purchases and
reinvested distributions None
Deferred sales charge on
redemptions None
Exchange fee None
Annual account maintenance fee
(for accounts under $2,500) $12.
00
The following paragraph
supplements the information
found in the section entitled
Transaction Details beginning
on page 23.
FIDELITY RESERVES THE RIGHT
TO DEDUCT AN ANNUAL
MAINTENANCE FEE of $12.00
from accounts with a value of
less than $2,500, subject to
an annual maximum charge
of $60.00 per shareholder. It
is expected that accounts will
be valued on the second
Friday in November of each
year. Accounts opened after
September 30 will not be
subject to the fee for that
year. The fee, which is
payable to the transfer agent,
is designed to offset in part
the relatively higher costs of
servicing smaller accounts.
The fee will not be deducted
from retirement accounts,
accounts using regular
investment plans, or if total
assets in Fidelity funds
exceed $50,000. Eligibility for
the $50,000 waiver is
determined by aggregating
Fidelity mutual fund accounts
maintained by FSC or FBSI
which are registered under
the same social security
number or which list the
same social security number
for the custodian of a
Uniform Gifts/Transfers to
Minors Act account.
The following information
replaces the similar
information found in the
Management Fee section
beginning on page 12.
Effective December 1, 1994,
the individual fund fee rate is
.30%.
IBF-95-1 January 23, 1995
IBF-95-1 January 23, 1995
FIDELITY INTERMEDIATE BOND FUND
A FUND OF FIDELITY COMMONWEALTH TRUST
SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION
DATED DECEMBER 1, 1994
The following information replaces the fourth paragraph on page 18 under
the section entitled "MANAGEMENT CONTRACT."
FMR is the fund's manager pursuant to a management contract dated
December 1, 1994 which was approved by shareholders on November
16, 1994. For the services of FMR under the contract, the fund pays FMR
a monthly management fee composed of the sum of two elements: a group fee
rate and an individual fund fee rate.
The following information replaces the first paragraph on page 19 under the
section entitled "MANAGEMENT CONTRACT."
Prior to December 1, 1994, the group fee rate was based on a
schedule with breakpoints ending at .1500% for average group assets in
excess of $84 billion. The group fee rate breakpoints shown above for
average group assets in excess of $120 billion and under $228 billion were
voluntarily adopted by FMR on January 1, 1992. The additional breakpoints
shown above for average group assets in excess of $228 billion were
voluntarily adopted by FMR on November 1, 1993.
The following information replaces the last paragraph on page 19 under the
section entitled "MANAGEMENT CONTRACT."
On November 16, 1994, shareholders of the fund approved an increase
in the individual fund fee rate from .15% to .30%. Based on the average net
assets of funds advised by FMR for September 1994, the annual management
fee would have been calculated as follows:
Group Fee Rate Individual Fund Fee Rate Management Fee Rate
.1563% + .30% = .4563%
IBFB-95-1 January 20, 1995
SUPPLEMENT TO THE
FIDELITY INTERMEDIATE
BOND FUND
PROSPECTUS
DATED DECEMBER 1, 1994
The following information
replaces the similar information
found in the Expenses section
beginning on page 4.
SHAREHOLDER TRANSACTION
EXPENSES are charges you pay
when you buy, s ell, or hold
shares of a fund. See page 23
for more information about
these fees.
Maximum sales charge on
purchases and
reinvested distributions None
Deferred sales charge on
redemptions None
Exchange fee None
Annual account maintenance fee
(for accounts under $2,500) $12.00
The following paragraph
supplements the information
found in the section entitled
Transaction Details beginning
on page 23.
FIDELITY RESERVES THE RIGHT TO
DEDUCT AN ANNUAL
MAINTENANCE FEE of $12.00
from accounts with a value of
less than $2,500, subject to an
annual maximum charge of
$60.00 per shareholder. It is
expected that accounts will be
valued on the second Friday in
November of each
year. Accounts opened after
September 30 will not be
subject to the fee for that year.
The fee, which is payable to
the transfer agent, is designed
to offset in part the relatively
higher costs of servicing
smaller accounts. The fee will
not be deducted from
retirement accounts, accounts
using regular investment plans,
or if total assets in Fidelity
funds exceed $50,000.
Eligibility for the $50,000 waiver
is determined by aggregating
Fidelity mutual fund accounts
maintained by FSC or FBSI
which are registered under the
same social security number or
which list the same social
security number for the
custodian of a Uniform
Gifts/Transfers to Minors Act
account.
The following information
replaces the similar information
found in the Management Fee
section beginning on page 12.
Effective December 1, 1994,
the individual fund fee rate is
.30%.
SUPPLEMENT TO THE
FIDELITY INTERMEDIATE
BOND FUND
PROSPECTUS
DATED DECEMBER 1, 1994
The following information
replaces the similar information
found in the Expenses section
beginning on page 4.
SHAREHOLDER TRANSACTION
EXPENSES are charges you pay
when you buy, s ell, or hold
shares of a fund. See page 23
for more information about
these fees.
Maximum sales charge on
purchases and
reinvested distributions None
Deferred sales charge on
redemptions None
Exchange fee None
Annual account maintenance fee
(for accounts under $2,500) $12.00
The following paragraph
supplements the information
found in the section entitled
Transaction Details beginning
on page 23.
FIDELITY RESERVES THE RIGHT TO
DEDUCT AN ANNUAL
MAINTENANCE FEE of $12.00
from accounts with a value of
less than $2,500, subject to an
annual maximum charge of
$60.00 per shareholder. It is
expected that accounts will be
valued on the second Friday in
November of each
year. Accounts opened after
September 30 will not be
subject to the fee for that year.
The fee, which is payable to
the transfer agent, is designed
to offset in part the relatively
higher costs of servicing
smaller accounts. The fee will
not be deducted from
retirement accounts, accounts
using regular investment plans,
or if total assets in Fidelity
funds exceed $50,000.
Eligibility for the $50,000 waiver
is determined by aggregating
Fidelity mutual fund accounts
maintained by FSC or FBSI
which are registered under the
same social security number or
which list the same social
security number for the
custodian of a Uniform
Gifts/Transfers to Minors Act
account.
The following information
replaces the similar information
found in the Management Fee
section beginning on page 12.
Effective December 1, 1994,
the individual fund fee rate is
.30%.
IBF-95-1 January 23, 1995
IBF-95-1 January 23, 1995
SUPPLEMENT TO THE
FIDELITY INTERMEDIATE
BOND FUND
PROSPECTUS
DATED DECEMBER 1, 1994
The following information
replaces the similar
information found in the
Expenses section beginning
on page 4.
SHAREHOLDER TRANSACTION
EXPENSES are charges you
pay when you buy, s ell, or
hold shares of a fund. See
page 23 for more information
about these fees.
Maximum sales charge on
purchases and
reinvested distributions None
Deferred sales charge on
redemptions None
Exchange fee None
Annual account maintenance fee
(for accounts under $2,500) $12.
00
The following paragraph
supplements the information
found in the section entitled
Transaction Details beginning
on page 23.
FIDELITY RESERVES THE RIGHT
TO DEDUCT AN ANNUAL
MAINTENANCE FEE of $12.00
from accounts with a value of
less than $2,500, subject to
an annual maximum charge
of $60.00 per shareholder. It
is expected that accounts will
be valued on the second
Friday in November of each
year. Accounts opened after
September 30 will not be
subject to the fee for that
year. The fee, which is
payable to the transfer agent,
is designed to offset in part
the relatively higher costs of
servicing smaller accounts.
The fee will not be deducted
from retirement accounts,
accounts using regular
investment plans, or if total
assets in Fidelity funds
exceed $50,000. Eligibility for
the $50,000 waiver is
determined by aggregating
Fidelity mutual fund accounts
maintained by FSC or FBSI
which are registered under
the same social security
number or which list the
same social security number
for the custodian of a
Uniform Gifts/Transfers to
Minors Act account.
The following information
replaces the similar
information found in the
Management Fee section
beginning on page 12.
Effective December 1, 1994,
the individual fund fee rate is
.30%.
SUPPLEMENT TO THE
FIDELITY INTERMEDIATE
BOND FUND
PROSPECTUS
DATED DECEMBER 1, 1994
The following information
replaces the similar
information found in the
Expenses section beginning
on page 4.
SHAREHOLDER TRANSACTION
EXPENSES are charges you
pay when you buy, s ell, or
hold shares of a fund. See
page 23 for more information
about these fees.
Maximum sales charge on
purchases and
reinvested distributions None
Deferred sales charge on
redemptions None
Exchange fee None
Annual account maintenance fee
(for accounts under $2,500) $12.
00
The following paragraph
supplements the information
found in the section entitled
Transaction Details beginning
on page 23.
FIDELITY RESERVES THE RIGHT
TO DEDUCT AN ANNUAL
MAINTENANCE FEE of $12.00
from accounts with a value of
less than $2,500, subject to
an annual maximum charge
of $60.00 per shareholder. It
is expected that accounts will
be valued on the second
Friday in November of each
year. Accounts opened after
September 30 will not be
subject to the fee for that
year. The fee, which is
payable to the transfer agent,
is designed to offset in part
the relatively higher costs of
servicing smaller accounts.
The fee will not be deducted
from retirement accounts,
accounts using regular
investment plans, or if total
assets in Fidelity funds
exceed $50,000. Eligibility for
the $50,000 waiver is
determined by aggregating
Fidelity mutual fund accounts
maintained by FSC or FBSI
which are registered under
the same social security
number or which list the
same social security number
for the custodian of a
Uniform Gifts/Transfers to
Minors Act account.
The following information
replaces the similar
information found in the
Management Fee section
beginning on page 12.
Effective December 1, 1994,
the individual fund fee rate is
.30%.
IBF-95-1 January 23, 1995
IBF-95-1 January 23, 1995
