SUPPLEMENT TO THE
FIDELITY EQUITY-INCOME
FUND PROSPECTUS
DATED MARCH 21, 1994
The following information
replaces the corresponding
section under the heading
"Sales Charge Reductions and
Waivers" beginning on page 26.
The fund's sales charge will not
apply:..7. If you are a current or
former trustee or officer of a
Fidelity fund or a current or
retired officer, director, or
regular employee of FMR Corp.
or its direct or indirect
subsidiaries (a Fidelity Trustee
or employee), the spouse of a
Fidelity trustee or employee, a
Fidelity trustee or employee
acting as custodian for a minor
child, or a person acting as
trustee of a trust for the sole
benefit of the minor child of a
Fidelity trustee or
employee;... 10. If you are a
registered investment adviser
(RIA) purchasing for your
discretionary accounts,
provided you execute a Fidelity
RIA load waiver agreement
which specifies certain
aggregate minimum and
operating provisions. Except for
correspondents of National
Financial Services Corporation,
this waiver is available only for
shares purchased directly from
Fidelity, and is unavailable if
the RIA is part of an
organization principally
engaged in the brokerage
business.
The following information
supplements the corresponding
section under the heading
"Sales Charge Reductions and
Waivers" beginning on page 26.
The fund's sales charge will not
apply:..12. If you invest through
a non-prototype pension or
profit-sharing plan that
maintains all of its mutual fund
assets in Fidelity mutual funds,
provided the plan executes a
Fidelity non-prototype sales
charge waiver request form
confirming its qualification.
The following information
replaces the last paragraph
under the heading "Sales
Charge Reductions and
Waivers" beginning on page 26.
These waivers must be
qualified through FDC in
advance. More detailed
information about waivers (1),
(2), (5), (9), and (10) is
contained in the Statement of
Additional Information. A
representative of your plan or
organization should call Fidelity
for more information.
SUPPLEMENT TO THE
FIDELITY EQUITY-INCOME
FUND PROSPECTUS
DATED MARCH 21, 1994
The following information
replaces the corresponding
section under the heading
"Sales Charge Reductions and
Waivers" beginning on page 26.
The fund's sales charge will not
apply:..7. If you are a current or
former trustee or officer of a
Fidelity fund or a current or
retired officer, director, or
regular employee of FMR Corp.
or its direct or indirect
subsidiaries (a Fidelity Trustee
or employee), the spouse of a
Fidelity trustee or employee, a
Fidelity trustee or employee
acting as custodian for a minor
child, or a person acting as
trustee of a trust for the sole
benefit of the minor child of a
Fidelity trustee or
employee;... 10. If you are a
registered investment adviser
(RIA) purchasing for your
discretionary accounts,
provided you execute a Fidelity
RIA load waiver agreement
which specifies certain
aggregate minimum and
operating provisions. Except for
correspondents of National
Financial Services Corporation,
this waiver is available only for
shares purchased directly from
Fidelity, and is unavailable if
the RIA is part of an
organization principally
engaged in the brokerage
business.
The following information
supplements the corresponding
section under the heading
"Sales Charge Reductions and
Waivers" beginning on page 26.
The fund's sales charge will not
apply:..12. If you invest through
a non-prototype pension or
profit-sharing plan that
maintains all of its mutual fund
assets in Fidelity mutual funds,
provided the plan executes a
Fidelity non-prototype sales
charge waiver request form
confirming its qualification.
The following information
replaces the last paragraph
under the heading "Sales
Charge Reductions and
Waivers" beginning on page 26.
These waivers must be
qualified through FDC in
advance. More detailed
information about waivers (1),
(2), (5), (9), and (10) is
contained in the Statement of
Additional Information. A
representative of your plan or
organization should call Fidelity
for more information.
EQU - 94 -2 June 1, 1994
EQU - 94 -2 June 1, 1994
FIDELITY EQUITY-INCOME FUND
SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION
DATED MARCH 21, 1994
The following replaces the corresponding section under the heading
"Additional Purchase and Redemption Information" on page 14.
In addition, the fund's sales charge will not apply...(8) if you are a
current or former Trustee or officer of a Fidelity fund or a current or
retired officer, director, or regular employee of FMR Corp. or its direct
or indirect subsidiaries (a Fidelity Trustee or employee), the spouse of a
Fidelity Trustee or employee, a Fidelity Trustee or employee acting as
custodian for a minor child, or a person acting as trustee of a trust for
the sole benefit of the minor child of a Fidelity Trustee or employee;
The following supplements the information found under the heading
"Additional Purchase and Redemption Information" on page 14.
In addition, the fund's sales charge will not apply...(11) if you are a
registered investment adviser (RIA) purchasing for your discretionary
accounts, provided you execute a Fidelity RIA load waiver agreement which
specifies certain aggregate minimum and operating provisions. This waiver
is available only for shares purchased directly from Fidelity, without a
broker, unless purchased through a brokerage firm which is a correspondent
of National Financial Services Corporation (NFSC). The waiver is
unavailable, however, if the RIA is part of an organization principally
engaged in the brokerage business, unless the brokerage firm in the
organization is an NFSC correspondent; (12) if you are a trust institution
or bank trust department purchasing for your non-discretionary,
non-retirement fiduciary accounts, provided you execute a Fidelity Trust
load waiver agreement which specifies certain aggregate minimum and
operating provisions. This waiver is available only for shares purchased
directly from Fidelity or through a bank-affiliated broker, and is
unavailable if the trust department or institution is part of an
organization not principally engaged in banking or trust activities; or
(13) to shares purchased as part of a pension or profit-sharing plan as
defined in Section 401(a) of the Internal Revenue Code that maintains all
of its mutual fund assets in Fidelity mutual funds, provided the plan
executes a Fidelity non-prototype sales charge waiver request form
confirming its qualification.
EQUB-94-2 June 1, 1994
