FIDELITY CONTRAFUND
497, 1996-10-09
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SUPPLEMENT TO 
FIDELITY CONTRAFUND
PROSPECTUS
DATED FEBRUARY 17, 1995
   The following information 
replaces similar information 
found under the "Transaction 
Details" section beginning on 
page 26:
FDC collects the proceeds 
from the fund's     3   % sales 
charge and may pay a 
portion of them to securities 
dealers who have sold the 
fund's 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 1.50% 
of the fund's offering price.    
The following information 
replaces similar information 
found under the "Waivers" 
section beginning on page 28:
       6.    To shares purchased 
through Portfolio Advisory 
Services or Fidelity 
Charitable Advisory Services.    
9. If you invest as part of a 
payroll deduction program 
through an employer who 
also maintains a 
Fidelity-sponsored employee 
benefit plan or is a member 
of the Fidelity Retail Advisory 
Group, provided the 
employer enters into a load 
waiver agreement which 
specifies certain qualifying 
restrictions and operating 
provisions.
   
 
   
   
   
   
SUPPLEMENT TO 
FIDELITY CONTRAFUND
PROSPECTUS
DATED FEBRUARY 17, 1995
   The following information 
replaces similar information 
found under the "Transaction 
Details" section beginning on 
page 26:
FDC collects the proceeds 
from the fund's     3   % sales 
charge and may pay a 
portion of them to securities 
dealers who have sold the 
fund's 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 1.50% 
of the fund's offering price.    
The following information 
replaces similar information 
found under the "Waivers" 
section beginning on page 28:
       6.    To shares purchased 
through Portfolio Advisory 
Services or Fidelity 
Charitable Advisory Services.    
9. If you invest as part of a 
payroll deduction program 
through an employer who 
also maintains a 
Fidelity-sponsored employee 
benefit plan or is a member 
of the Fidelity Retail Advisory 
Group, provided the 
employer enters into a load 
waiver agreement which 
specifies certain qualifying 
restrictions and operating 
provisions.
   
 
   
   
   
   
   CON-96-1 January 1, 1996
CON-96-1 January 1, 1996    



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