SUPPLEMENT TO THE
FIDELITY CAPITAL
& INCOME FUND
PROSPECTUS
DATED JUNE 25, 1995
Effective January 19, 1996,
the following information
replaces the similar
informtion found in the
section entitled "FMR and Its
Affiliates," beginning on page
8.
David Glancy is manager of
Capital & Income, which he
has managed since January
1996. Previously, he
managed Spartan High
Income, and he served as an
analyst and had been a
portfolio assistant in the high
income group. Mr. Glancy
joined Fidelity in 1990.
SUPPLEMENT TO THE
FIDELITY CAPITAL
& INCOME FUND
PROSPECTUS
DATED JUNE 25, 1995
Effective January 19, 1996,
the following information
replaces the similar
informtion found in the
section entitled "FMR and Its
Affiliates," beginning on page
8.
David Glancy is manager of
Capital & Income, which he
has managed since January
1996. Previously, he
managed Spartan High
Income, and he served as an
analyst and had been a
portfolio assistant in the high
income group. Mr. Glancy
joined Fidelity in 1990.
CAI-96-1 January 31, 1996
CAI-96-1 January 31, 1996
