FIDELITY COMMONWEALTH TRUST
497, 1996-12-27
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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       
 



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