SUPPLEMENT TO THE FIDELITY SMALL CAP STOCK FUND, FIDELITY MID-CAP
STOCK FUND AND FIDELITY LARGE CAP STOCK FUND JUNE 26, 1999 PROSPECTUS
The following information replaces similar information found in the
"Fee Table" section beginning on page 6.
ANNUAL FUND OPERATING EXPENSES (PAID FROM FUND ASSETS)
SMALL CAP STOCK Management fee 0.73%
Distribution and Service None
(12b-1) fee
Other expenses 0.31%
Total annual fund operating 1.04%
expenses
MID-CAP STOCK Management fee 0.50%
Distribution and Service None
(12b-1) fee
Other expenses 0.27%
Total annual fund operating 0.77%
expenses
LARGE CAP STOCK Management fee 0.54%
Distribution and Service None
(12b-1) fee
Other expenses 0.39%
Total annual fund operating 0.93%
expenses
The following information replaces similar information found in the
"Fund Management" section on page 25.
(small solid bullet) Fidelity Management & Research Far East Inc. (FMR
Far East) serves as a sub-adviser for each fund. FMR Far East was
organized in 1986 to provide investment research and advice to FMR.
Currently, FMR Far East provides investment research and advice on
issuers based outside the United States and may also provide
investment advisory services for each fund.
The following information supplements similar information found in the
"Fund Management" section on page 25.
(small solid bullet) Fidelity Investments Japan Ltd. (FIJ), in Tokyo,
Japan, serves as a sub-adviser for each fund. As of September 28,
1999, FIJ had approximately $16.3 billion in discretionary assets
under management. Currently, FIJ provides investment research and
advice on issuers based outside the United States for each fund.
The following information replaces similar information found in the
"Fund Management" section on page 25.
FMR pays FMR U.K. and FMR Far East for providing sub-advisory
services. FMR Far East pays FIJ for providing sub-advisory services.
Effective August 2, 1999, the following information replaces similar
information found in the "Fund Management" section on page 25.
David Felman is vice president and manager of Mid-Cap Stock Fund. He
also manages other Fidelity funds. Mr. Felman joined Fidelity as an
analyst in 1993.
