FIDELITY CONTRAFUND
497, 1994-03-23
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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.    
CONB-94-1 March 21, 1994



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