FIDELITY (LOGO) INVESTMENTS(registered trademark) FMR Corp.
82 Devonshire Street
Boston MA
02109-3614
617 563 7000
December 27, 1996
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, DC 20549
Attention: File Room
Re: Fidelity Commonwealth Trust (the trust):
Fidelity Small Cap Stock Fund
Fidelity Large Cap Stock Fund (the funds)
File No. 2-52322 and 811-2546
__________________________________________________________________________
Ladies and Gentlemen:
Transmitted herewith for filing pursuant to Rule 497 under the Securities
Act of 1933 are Supplements dated December 22, 1996 to the funds'
Prospectus and Statement of Additional information dated June 21, 1996.
The documents have been marked to indicate changes made since the last
filing.
Very truly yours,
/s/Lisa Nisbet Proch
Lisa Nisbet Proch
Legal Department