<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000320254
<NAME> Fidelity Exchange Fund
<SERIES>
<NUMBER> 11
<NAME> Fidelity Exchange Fund
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
6-mos
<FISCAL-YEAR-END>
dec-31-2000
<PERIOD-END>
jun-30-2000
<INVESTMENTS-AT-COST>
29,863
<INVESTMENTS-AT-VALUE>
344,676
<RECEIVABLES>
384
<ASSETS-OTHER>
1
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
345,060
<PAYABLE-FOR-SECURITIES>
0
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
358
<TOTAL-LIABILITIES>
358
<SENIOR-EQUITY>
0
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18,788
<SHARES-COMMON-STOCK>
1,258
<SHARES-COMMON-PRIOR>
1,302
<ACCUMULATED-NII-CURRENT>
0
<OVERDISTRIBUTION-NII>
64
<ACCUMULATED-NET-GAINS>
11,165
<OVERDISTRIBUTION-GAINS>
0
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314,813
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344,702
<DIVIDEND-INCOME>
1,971
<INTEREST-INCOME>
259
<OTHER-INCOME>
0
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1,049
<NET-INVESTMENT-INCOME>
1,181
<REALIZED-GAINS-CURRENT>
11,186
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(8,997)
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3,370
<EQUALIZATION>
0
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1,267
<DISTRIBUTIONS-OF-GAINS>
0
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
0
<NUMBER-OF-SHARES-REDEEMED>
45
<SHARES-REINVESTED>
1
<NET-CHANGE-IN-ASSETS>
(9,547)
<ACCUMULATED-NII-PRIOR>
22
<ACCUMULATED-GAINS-PRIOR>
(20)
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0
<OVERDIST-NET-GAINS-PRIOR>
0
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916
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0
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1,053
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338,968
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272.160
<PER-SHARE-NII>
.920
<PER-SHARE-GAIN-APPREC>
1.950
<PER-SHARE-DIVIDEND>
1.000
<PER-SHARE-DISTRIBUTIONS>
0
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
274.030
<EXPENSE-RATIO>
62
</TABLE>
