SUPPLEMENT TO THE
CONTRAFUND
PROSPECTUS
DATED FEBRUARY 19, 1994
The following information
supplements that found in the
"Minimum Investments" table on
page 10.
These minimums may vary for a
Fidelity Payroll Deduction
Program account in the fund.
Refer to the program's materials
for details.
The following information
replaces the similar language
found on page 20.
FDC collects the proceeds from
each fund's 3% sales charge and
may pay a portion of them to
securities dealers who have sold
fund shares, or to others,
including banks and other
financial institutions (qualified
recipients), under special
arrangements in connection with
FDC's sales activities. The sales
charge paid to qualified
recipients is 2.25% of a funds
offering price.
The following information
replaces similar language found
in the following items in the
"Sales Charge Reductions and
Waivers" section beginning on
page 21.
(7) If you are a current or former
trustee or officer of a Fidelity
fund or a current or retired
officer, director. or regular
employee of FMR Corp. or its
direct or indirect subsidiaries (a
Fidelity Trustee or employee),
the spouse of a Fidelity Trustee
or employee, a Fidelity Trustee
or employee acting as custodian
for a minor child, or a person
acting as Trustee of a trust for the
sole benefit of the minor child
of a Fidelity Trustee or
employee.
( 10) If you are a registered
investment adviser (RIA)
purchasing for your discretionary
accounts, provided you execute
a Fidelity RIA load waiver
agreement which specifies
ceratin aggregate minimum and
operating provisions. Except for
correspondents of National
Financial Services Corporation,
this waiver is available only for
shares purchased directly from
Fidelity, and is unavailable if the
RIA is part of an organization
principally engaged in the
brokerage business.
(11) If you are a trust institution or
bank trust department
purchasing for your
non-discretionary,
non-retirement fiduciary
accounts, provided you execute
a Fidelity Trust load waiver
agreement which specifies
certain aggregate minimum and
operating provisions. This
waiver is available only for
shares purchased either directly
from Fidelity or through a
bank-affiliated broker and is
unavailable, if the trust
department or institution is part
of an organization not principally
engaged in banking or trust
activities.
The following information
supplements that found in the
"Sales Charge Reductions and
Waivers" section beginning on
page 21.
(12) If you invest through a
non-prototype pension or
profit-sharing plan that maintains
all of its mutual fund
SUPPLEMENT TO THE
CONTRAFUND
PROSPECTUS
DATED FEBRUARY 19, 1994
The following information
supplements that found in the
"Minimum Investments" table on
page 10.
These minimums may vary for a
Fidelity Payroll Deduction
Program account in the fund.
Refer to the program's materials
for details.
The following information
replaces the similar language
found on page 20.
FDC collects the proceeds from
each fund's 3% sales charge and
may pay a portion of them to
securities dealers who have sold
fund shares, or to others,
including banks and other
financial institutions (qualified
recipients), under special
arrangements in connection with
FDC's sales activities. The sales
charge paid to qualified
recipients is 2.25% of a funds
offering price.
The following information
replaces similar language found
in the following items in the
"Sales Charge Reductions and
Waivers" section beginning on
page 21.
(7) If you are a current or former
trustee or officer of a Fidelity
fund or a current or retired
officer, director. or regular
employee of FMR Corp. or its
direct or indirect subsidiaries (a
Fidelity Trustee or employee),
the spouse of a Fidelity Trustee
or employee, a Fidelity Trustee
or employee acting as custodian
for a minor child, or a person
acting as Trustee of a trust for
the sole benefit of the minor child
of a Fidelity Trustee or
employee.
( 10) If you are a registered
investment adviser (RIA)
purchasing for your
discretionary accounts, provided
you execute a Fidelity RIA load
waiver agreement which
specifies ceratin aggregate
minimum and operating
provisions. Except for
correspondents of National
Financial Services Corporation,
this waiver is available only for
shares purchased directly from
Fidelity, and is unavailable if the
RIA is part of an organization
principally engaged in the
brokerage business.
(11) If you are a trust institution or
bank trust department
purchasing for your
non-discretionary,
non-retirement fiduciary
accounts, provided you execute
a Fidelity Trust load waiver
agreement which specifies
certain aggregate minimum and
operating provisions. This
waiver is available only for
shares purchased either directly
from Fidelity or through a
bank-affiliated broker and is
unavailable, if the trust
department or institution is part
of an organization not principally
engaged in banking or trust
activities.
The following information
supplements that found in the
"Sales Charge Reductions and
Waivers" section beginning on
page 21.
(12) If you invest through a
non-prototype pension or
profit-sharing plan that
maintains all of its mutual fund
CON-94-2 (PAGE 1 OF 2) June 1, 1994
CON-94-2 (PAGE 1 OF 2) June 1, 1994
assets in Fidelity mutual funds,
provided the plan executes a
Fidelity non-prototype sales
charge waiver request form
confirming its qualification.
(13) If you invest as part of a
payroll deduction program
through an employer who is a
member of the Fidelity
Retirement Client Advisory
Group or the Fidelity Retail
Advisory Group, provided the
employer enters into a Fidelity
payroll deduction load waiver
agreement which specifies
certain qualifying restrictions
and operating provisions.
The following language replaces
the similar language found at the
end of the "Sales Charge
Reductions and Waivers"
section beginning on page 21.
These waivers must be qualified
through FDC in advance. More
detailed information about
waivers (1), (2), (5), (9), (10),
and (13) is contained in the
Statement of Additional
Information. A representative of
your plan or organization should
call Fidelity for more information.
assets in Fidelity mutual funds,
provided the plan executes a
Fidelity non-prototype sales
charge waiver request form
confirming its qualification.
(13) If you invest as part of a
payroll deduction program
through an employer who is a
member of the Fidelity
Retirement Client Advisory
Group or the Fidelity Retail
Advisory Group, provided the
employer enters into a Fidelity
payroll deduction load waiver
agreement which specifies
certain qualifying restrictions
and operating provisions.
The following language replaces
the similar language found at the
end of the "Sales Charge
Reductions and Waivers"
section beginning on page 21.
These waivers must be qualified
through FDC in advance. More
detailed information about
waivers (1), (2), (5), (9), (10),
and (13) is contained in the
Statement of Additional
Information. A representative of
your plan or organization should
call Fidelity for more information.
(PAGE 2 OF 2)
(PAGE 2 OF 2)
FIDELITY CONTRAFUND
SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION
DATED FEBRUARY 19, 1994
The following language supplements that found in the "Performance" section,
beginning on page 10.
The fund may be compared in advertising to Certificates of Deposit (CDs) or
other investments issued by banks. The fund differs from bank investments
in several respects. The fund may offer greater liquidity or higher
potential returns than CDs; but unlike CDs, the fund does not guarantee
your principal or your return.
The following language replaces that found in item number (8) in the
section entitled "Additional Purchase and Redemption Information"
beginning on page 12.
The fund's sales charge will not apply...(8) if you are a current or former
Trustee or officer of a Fidelity fund or a current or retired officer,
director, or regular employee of FMR Corp. or its direct or indirect
subsidiaries (a Fidelity Trustee or employee), the spouse of a Fidelity
Trustee or employee, a Fidelity Trustee or employee acting as custodian for
a minor child, or a person acting as trustee of a trust for the sole
benefit of the minor child of a Fidelity Trustee or employee;
The following language supplements that found in the section entitled
"Additional Purchase and Redemption Information" beginning on page 12.
The fund's sales charge will not apply...(11) if you are a registered
investment adviser (RIA) purchasing for your discretionary accounts,
provided you execute a Fidelity RIA load waiver agreement which specifies
certain aggregate minimum and operating provisions. This waiver is
available only for shares purchased directly from Fidelity, without a
broker, unless purchased through a brokerage firm which is a correspondent
of National Financial Services Corporation (NFSC). The waiver is
unavailable, however, if the RIA is part of an organization principally
engaged in the brokerage business, unless the brokerage firm in the
organization is an NFSC correspondent; (12) if you are a trust institution
or bank trust department purchasing for your non-discretionary,
non-retirement fiduciary accounts, provided you execute a Fidelity Trust
load waiver agreement which specifies certain aggregate minimum and
operating provisions. This waiver is available only for shares purchased
either directly from Fidelity or through a bank-affiliated broker, and is
unavailable if the trust de partment or institution is part of an
organization not principally engaged in banking or trust activities; (13)
to shares purchased as part of a pension or profit-sharing plan as defined
in Section 401(a) of the Internal Revenue Code that maintains all of its
mutual fund assets in Fidelity mutual funds, provided the plan executes a
Fidelity non-prototype sales charge waiver request form confirming its
qualification; or (14) to shares purchased as part of a payroll deduction
program (including shares purchased in an amount not greater than $5,000 by
participants in the program within three months of the commencement of
their participation in the program from sources other than payroll
deduction) through an employer who has entered into a Fidelity payroll
deduction load waiver agreement and who (i) is a member of the Fidelity
Retirement Client Advisory Group and maintains an employee benefit plan
that either qualifies for exemption (1) above or is in the CORPORATEplan
for Retirement Program and has at least some of its plan assets in
Fidelity-managed products, or (ii) is a member of the Fidelity Retail
Advisory Group and has more than 500 employees.
CONB-94-3 June 1, 1994
