FIDELITY COMMONWEALTH TRUST
497, 1995-11-03
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SUPPLEMENT TO THE
FIDELITY SMALL CAP STOCK 
FUND, FIDELITY MID-CAP 
STOCK FUND AND FIDELITY 
LARGE CAP STOCK FUND 
PROSPECTUS
DATED JUNE 22, 1995
The Board of Trustees of 
Fidelity Small Cap Stock Fund 
has authorized adoption of a 
redemption fee of 0.75% 
(payable to the fund) on shares 
purchased after December 4, 
1995 and held less than 90 
days.
The following information 
replaces corresponding 
sections with respect to Fidelity 
Small Cap Stock Fund under 
the heading "Expenses" on 
page 6.
SHAREHOLDER TRANSACTION 
EXPENSES are charges you pay 
when you buy, sell or hold 
shares of a fund. See pages 24 
and 31-37 for an explanation of 
how and when these charges 
apply. Lower sales charges 
may be available for accounts 
under $250,000.
Maximum sales charge on 
purchases
(as a % of offering price) 
for Small Cap Stock 3.00%
for Mid-Cap Stock None
for Large Cap Stock None
Maximum sales charge on 
reinvested 
distributions  None
Deferred sales charge on 
redemptions None
Exchange fee None
Redemption fee on shares held 
less than
90 days for shares purchased  
after
December 4, 1995
(Small Cap Stock only) 0.75%
Annual account maintenance fee
(for accounts under $2,500) $12.00
The following information 
supplements information in the 
section entitled "Transaction 
Details" beginning on page 31.
The redemption fee for Small 
Cap Stock, if applicable, will be 
deducted from the amount of 
your redemption. This fee is 
paid to the fund rather than 
FMR, and it does not apply to 
shares that were acquired 
through reinvestment of 
distributions. If shares were not 
all held for the same length of 
time, those shares you held 
longest will be redeemed first 
for purposes of determining 
whether the fee applies.
SUPPLEMENT TO THE
FIDELITY SMALL CAP STOCK 
FUND, FIDELITY MID-CAP 
STOCK FUND AND FIDELITY 
LARGE CAP STOCK FUND 
PROSPECTUS
DATED JUNE 22, 1995
The Board of Trustees of 
Fidelity Small Cap Stock Fund 
has authorized adoption of a 
redemption fee of 0.75% 
(payable to the fund) on shares 
purchased after December 4, 
1995 and held less than 90 
days.
The following information 
replaces corresponding 
sections with respect to Fidelity 
Small Cap Stock Fund under 
the heading "Expenses" on 
page 6.
SHAREHOLDER TRANSACTION 
EXPENSES are charges you pay 
when you buy, sell or hold 
shares of a fund. See pages 24 
and 31-37 for an explanation of 
how and when these charges 
apply. Lower sales charges 
may be available for accounts 
under $250,000.
Maximum sales charge on 
purchases
(as a % of offering price) 
for Small Cap Stock 3.00%
for Mid-Cap Stock None
for Large Cap Stock None
Maximum sales charge on 
reinvested 
distributions  None
Deferred sales charge on 
redemptions None
Exchange fee None
Redemption fee on shares held 
less than
90 days for shares purchased  
after
December 4, 1995
(Small Cap Stock only) 0.75%
Annual account maintenance fee
(for accounts under $2,500) $12.00
The following information 
supplements information in the 
section entitled "Transaction 
Details" beginning on page 31.
The redemption fee for Small 
Cap Stock, if applicable, will be 
deducted from the amount of 
your redemption. This fee is 
paid to the fund rather than 
FMR, and it does not apply to 
shares that were acquired 
through reinvestment of 
distributions. If shares were not 
all held for the same length of 
time, those shares you held 
longest will be redeemed first 
for purposes of determining 
whether the fee applies.
SML-95-1 September 20, 1995
SML-95-1 September 20, 1995



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