SUPPLEMENT TO THE
FIDELITY TREND FUND AND
FIDELITY VALUE FUND
PROSPECTUS
DATED FEBRUARY 18, 1995
The following infromation
replaces that found in "The
Funds in Detail" section on
page 11.
Bettina Doulton has been
manager of Value since
March 1995. She also
manages VIP Equity-Income
and Advisor Equity Income.
Previously, she managed
Select Automotive and
assisted on Magellan. Ms.
Doulton also served as an
analyst following the
domestic and European
automotive and tire
manufacturing industry as
well as the gaming and
lodging industry. She joined
Fidelity in 1986.
SUPPLEMENT TO THE
FIDELITY TREND FUND AND
FIDELITY VALUE FUND
PROSPECTUS
DATED FEBRUARY 18, 1995
The following infromation
replaces that found in "The
Funds in Detail" section on
page 11.
Bettina Doulton has been
manager of Value since
March 1995. She also
manages VIP Equity-Income
and Advisor Equity Income.
Previously, she managed
Select Automotive and
assisted on Magellan. Ms.
Doulton also served as an
analyst following the
domestic and European
automotive and tire
manufacturing industry as
well as the gaming and
lodging industry. She joined
Fidelity in 1986.
TRE/VAL-95-1 April 5, 1995
TRE/VAL-95-1 April 5, 1995
