SUPPLEMENT TO
FIDELITY DISCIPLINED EQUITY FUND,
FIDELITY STOCK SELECTOR, AND
FIDELITY TECHNOQUANTTM GROWTH FUND
DECEMBER 21, 1996 PROSPECTUS
The following information replaces the similar information found in "Key
Facts" on page 10.
DISCIPLINED EQUITY
Fiscal years 1988 1996
Row: 1, Col: 1, Value: 10000.0
Row: 2, Col: 1, Value: 10110.0
Row: 3, Col: 1, Value: 10980.0
Row: 4, Col: 1, Value: 10970.0
Row: 5, Col: 1, Value: 11330.0
Row: 6, Col: 1, Value: 11920.0
Row: 7, Col: 1, Value: 12360.0
Row: 8, Col: 1, Value: 12150.0
Row: 9, Col: 1, Value: 13130.0
Row: 10, Col: 1, Value: 13610.0
Row: 11, Col: 1, Value: 13680.0
Row: 12, Col: 1, Value: 13250.0
Row: 13, Col: 1, Value: 13440.0
Row: 14, Col: 1, Value: 13784.1
Row: 15, Col: 1, Value: 12825.74
Row: 16, Col: 1, Value: 13131.6
Row: 17, Col: 1, Value: 13661.76
Row: 18, Col: 1, Value: 13274.34
Row: 19, Col: 1, Value: 14497.78
Row: 20, Col: 1, Value: 14650.71
Row: 21, Col: 1, Value: 14599.73
Row: 22, Col: 1, Value: 13182.58
Row: 23, Col: 1, Value: 12428.12
Row: 24, Col: 1, Value: 12254.8
Row: 25, Col: 1, Value: 13233.55
Row: 26, Col: 1, Value: 13676.69
Row: 27, Col: 1, Value: 14479.98
Row: 28, Col: 1, Value: 15637.96
Row: 29, Col: 1, Value: 16013.52
Row: 30, Col: 1, Value: 16159.57
Row: 31, Col: 1, Value: 16785.5
Row: 32, Col: 1, Value: 15909.2
Row: 33, Col: 1, Value: 16702.05
Row: 34, Col: 1, Value: 17098.47
Row: 35, Col: 1, Value: 17035.88
Row: 36, Col: 1, Value: 17463.6
Row: 37, Col: 1, Value: 16806.37
Row: 38, Col: 1, Value: 18603.46
Row: 39, Col: 1, Value: 18983.82
Row: 40, Col: 1, Value: 19444.88
Row: 41, Col: 1, Value: 19202.82
Row: 42, Col: 1, Value: 19444.88
Row: 43, Col: 1, Value: 19479.46
Row: 44, Col: 1, Value: 19283.51
Row: 45, Col: 1, Value: 20205.61
Row: 46, Col: 1, Value: 19721.51
Row: 47, Col: 1, Value: 19848.3
Row: 48, Col: 1, Value: 19905.93
Row: 49, Col: 1, Value: 20620.56
Row: 50, Col: 1, Value: 21063.98
Row: 51, Col: 1, Value: 21471.19
Row: 52, Col: 1, Value: 21335.45
Row: 53, Col: 1, Value: 21989.46
Row: 54, Col: 1, Value: 21261.41
Row: 55, Col: 1, Value: 21915.42
Row: 56, Col: 1, Value: 22310.29
Row: 57, Col: 1, Value: 22199.24
Row: 58, Col: 1, Value: 23211.1
Row: 59, Col: 1, Value: 23939.14
Row: 60, Col: 1, Value: 24037.86
Row: 61, Col: 1, Value: 23297.48
Row: 62, Col: 1, Value: 23999.42
Row: 63, Col: 1, Value: 25174.3
Row: 64, Col: 1, Value: 24870.68
Row: 65, Col: 1, Value: 23629.79
Row: 66, Col: 1, Value: 24329.44
Row: 67, Col: 1, Value: 24184.23
Row: 68, Col: 1, Value: 23497.78
Row: 69, Col: 1, Value: 24078.62
Row: 70, Col: 1, Value: 25306.31
Row: 71, Col: 1, Value: 24580.26
Row: 72, Col: 1, Value: 25002.69
Row: 73, Col: 1, Value: 24250.23
Row: 74, Col: 1, Value: 24721.07
Row: 75, Col: 1, Value: 24335.23
Row: 76, Col: 1, Value: 25534.08
Row: 77, Col: 1, Value: 26167.95
Row: 78, Col: 1, Value: 26843.16
Row: 79, Col: 1, Value: 27669.96
Row: 80, Col: 1, Value: 28910.14
Row: 81, Col: 1, Value: 30660.18
Row: 82, Col: 1, Value: 30770.42
Row: 83, Col: 1, Value: 32024.39
Row: 84, Col: 1, Value: 31748.79
Row: 85, Col: 1, Value: 32217.31
Row: 86, Col: 1, Value: 31892.82
Row: 87, Col: 1, Value: 32449.09
Row: 88, Col: 1, Value: 32804.48
Row: 89, Col: 1, Value: 32959.0
Row: 90, Col: 1, Value: 33623.44
Row: 91, Col: 1, Value: 34504.2
Row: 92, Col: 1, Value: 34009.73
Row: 93, Col: 1, Value: 32109.14
Row: 94, Col: 1, Value: 32758.13
Row: 95, Col: 1, Value: 34318.77
Row: 96, Col: 1, Value: 35338.6
$
$35,339
STOCK SELECTOR
Fiscal years 1990 1996
Row: 1, Col: 1, Value: 10000.0
Row: 2, Col: 1, Value: 9800.0
Row: 3, Col: 1, Value: 10660.0
Row: 4, Col: 1, Value: 11150.69
Row: 5, Col: 1, Value: 12313.89
Row: 6, Col: 1, Value: 13376.82
Row: 7, Col: 1, Value: 13948.39
Row: 8, Col: 1, Value: 14179.02
Row: 9, Col: 1, Value: 14800.74
Row: 10, Col: 1, Value: 13988.5
Row: 11, Col: 1, Value: 14640.29
Row: 12, Col: 1, Value: 14921.07
Row: 13, Col: 1, Value: 14870.93
Row: 14, Col: 1, Value: 15231.92
Row: 15, Col: 1, Value: 14670.38
Row: 16, Col: 1, Value: 16273.85
Row: 17, Col: 1, Value: 16763.21
Row: 18, Col: 1, Value: 17408.75
Row: 19, Col: 1, Value: 17065.16
Row: 20, Col: 1, Value: 16940.21
Row: 21, Col: 1, Value: 17002.68
Row: 22, Col: 1, Value: 16721.56
Row: 23, Col: 1, Value: 17398.34
Row: 24, Col: 1, Value: 16940.21
Row: 25, Col: 1, Value: 17127.63
Row: 26, Col: 1, Value: 17460.81
Row: 27, Col: 1, Value: 18210.47
Row: 28, Col: 1, Value: 18783.92
Row: 29, Col: 1, Value: 19306.58
Row: 30, Col: 1, Value: 19263.92
Row: 31, Col: 1, Value: 19957.25
Row: 32, Col: 1, Value: 19338.58
Row: 33, Col: 1, Value: 19882.58
Row: 34, Col: 1, Value: 20277.25
Row: 35, Col: 1, Value: 20234.58
Row: 36, Col: 1, Value: 21119.91
Row: 37, Col: 1, Value: 21706.57
Row: 38, Col: 1, Value: 21493.24
Row: 39, Col: 1, Value: 20767.91
Row: 40, Col: 1, Value: 21408.36
Row: 41, Col: 1, Value: 22447.38
Row: 42, Col: 1, Value: 22344.62
Row: 43, Col: 1, Value: 21339.85
Row: 44, Col: 1, Value: 21945.0
Row: 45, Col: 1, Value: 21750.89
Row: 46, Col: 1, Value: 21088.66
Row: 47, Col: 1, Value: 21408.36
Row: 48, Col: 1, Value: 22607.23
Row: 49, Col: 1, Value: 21785.15
Row: 50, Col: 1, Value: 22207.6
Row: 51, Col: 1, Value: 21134.33
Row: 52, Col: 1, Value: 21574.27
Row: 53, Col: 1, Value: 20851.51
Row: 54, Col: 1, Value: 22176.56
Row: 55, Col: 1, Value: 22995.69
Row: 56, Col: 1, Value: 23814.81
Row: 57, Col: 1, Value: 24212.33
Row: 58, Col: 1, Value: 26091.49
Row: 59, Col: 1, Value: 28091.12
Row: 60, Col: 1, Value: 28295.9
Row: 61, Col: 1, Value: 29645.04
Row: 62, Col: 1, Value: 29211.39
Row: 63, Col: 1, Value: 30006.42
Row: 64, Col: 1, Value: 29442.18
Row: 65, Col: 1, Value: 29813.69
Row: 66, Col: 1, Value: 30211.73
Row: 67, Col: 1, Value: 30463.83
Row: 68, Col: 1, Value: 31472.21
Row: 69, Col: 1, Value: 31949.87
Row: 70, Col: 1, Value: 31445.68
Row: 71, Col: 1, Value: 30092.32
Row: 72, Col: 1, Value: 30662.85
Row: 73, Col: 1, Value: 32321.38
Row: 74, Col: 1, Value: 33157.28
$
$33,157
The following information replaces similar information found in "How to Buy
Shares" on page 22.
MINIMUM INVESTMENTS
TO OPEN AN ACCOUNT $2,500
For Fidelity IRA, Rollover IRA,
SEP-IRA and Keogh accounts $500
TO ADD TO AN ACCOUNT $250
For Fidelity IRA, Rollover IRA,
SEP-IRA and Keogh accounts $250
Through regular investment plans* $100
MINIMUM BALANCE $2,000
For Fidelity IRA, Rollover IRA,
SEP-IRA and Keogh accounts $500
* FOR MORE INFORMATION ABOUT REGULAR INVESTMENT PLANS, PLEASE REFER TO
INVESTOR SERVICES, PAGE 26.
These minimums may vary for investments through Fidelity Portfolio Advisory
Services. There is no minimum account balance or initial or subsequent
investments minimums for certain retirement accounts funded through salary
reduction, or accounts opened with the proceeds of distributions from such
Fidelity retirement accounts. Refer to the program materials for details.
The following information replaces similar information found in "How to
Sell Shares" on page 24.
IF YOU ARE SELLING SOME BUT NOT ALL OF YOUR SHARES, leave at least $2,000
worth of shares in the account to keep it open ($500 for retirement
accounts).
The following information replaces similar information found in
"Transaction Details" on pages 31-32.
FIDELITY RESERVES THE RIGHT TO DEDUCT AN ANNUAL MAINTENANCE FEE of $12.00
from accounts with a value of less than $2,500 (including any amount paid
as a sales charge), subject to an annual maximum charge of $24.00 per
shareholder. It is expected that accounts will be valued on the second
Friday in November of each year. Accounts opened after September 30 will
not be subject to the fee for that year. The fee, which is payable to the
transfer agent, is designed to offset in part the relatively higher costs
of servicing smaller accounts. This fee will not be deducted from Fidelity
brokerage accounts, retirement accounts (except non-prototype retirement
accounts), accounts using regular investment plans, or if total assets
with Fidelity exceed $30,000. Eligibility for the $30,000 waiver is
determined by aggregating Fidelity accounts maintained by FSC or FBSI which
are registered under the same social security number or which list the same
social security number for the custodian of a Uniform Gifts/Transfers to
Minors Act account.
IF YOUR ACCOUNT BALANCE FALLS BELOW $2,000, you will be given 30 days'
notice to reestablish the minimum balance. If you do not increase your
balance, Fidelity reserves the right to close your account and send the
proceeds to you. Your shares will be redeemed at the NAV on the day your
account is closed.
