SUPPLEMENT TO THE
FIDELITY MID-CAP STOCK
FUND PROSPECTUS
DATED FEBRUARY 25, 1994
FINANCIAL HIGHLIGHTS: The following information supplements the
information set forth in the Prospectus. The table reports selected data
for
a share outstanding throughout the period March 29, 1994
(commencement of operations) to July 31, 1994:
SUPPLEMENT TO THE
FIDELITY MID-CAP STOCK
FUND PROSPECTUS
DATED FEBRUARY 25, 1994
FINANCIAL HIGHLIGHTS: The following information supplements the
information set forth in the Prospectus. The table reports selected data
for
a share outstanding throughout the period March 29, 1994
(commencement of operations) to July 31, 1994:
MCS-94-1 September 1994
MCS-94-1 September 1994
FINANCIAL HIGHLIGHTS
<TABLE>
<CAPTION>
<S> <C>
MARCH 29, 1994
(COMMENCEMENT OF
OPERATIONS) TO
JULY 31, 1994
(UNAUDITED)
SELECTED PER-SHARE DATA
Net asset value, beginning of period $ 10.00
Income from Investment Operations
Net investment income (.02)
Net realized and unrealized gain (loss) (.05)C
Total from investment operations (.07)
Net asset value, end of period $ 9.93
TOTAL RETURN B (.70)%
RATIOS AND SUPPLEMENTAL DATA
Net assets, end of period (000 omitted) $ 29,471
Ratio of expenses to average net assets 2.06% A, D
Ratio of expenses to average net assets before expense 2.07% A, D
reductions
Ratio of net investment income to average net assets (.75)% A
Portfolio turnover rate 170% A
</TABLE>
A ANNUALIZED
B THE TOTAL RETURN WOULD HAVE BEEN LOWER HAD CERTAIN EXPENSES NOT BEEN
REDUCED DURING THE PERIOD SHOWN AND FOR PERIODS OF LESS THAN ONE YEAR ARE
NOT ANNUALIZED.
C THE AMOUNT SHOWN FOR A SHARE OUTSTANDING DOES NOT CORRESPOND WITH THE
AGGREGATE NET GAIN ON INVESTMENTS FOR THE PERIOD ENDED DUE TO THE TIMING OF
SALES AND REPURCHASES OF FUND SHARES IN RELATION TO FLUCTUATING MARKET
VALUES OF THE INVESTMENTS OF THE FUND.
D FMR HAS DIRECTED CERTAIN PORTFOLIO TRADES TO BROKERS WHO PAID A
PORTION OF THE FUND'S EXPENSES.
FINANCIAL HIGHLIGHTS
<TABLE>
<CAPTION>
<S> <C>
MARCH 29, 1994
(COMMENCEMENT OF
OPERATIONS) TO
JULY 31, 1994
(UNAUDITED)
SELECTED PER-SHARE DATA
Net asset value, beginning of period $ 10.00
Income from Investment Operations
Net investment income (.02)
Net realized and unrealized gain (loss) (.05)C
Total from investment operations (.07)
Net asset value, end of period $ 9.93
TOTAL RETURN B (.70)%
RATIOS AND SUPPLEMENTAL DATA
Net assets, end of period (000 omitted) $ 29,471
Ratio of expenses to average net assets 2.06% A, D
Ratio of expenses to average net assets before expense 2.07% A, D
reductions
Ratio of net investment income to average net assets (.75)% A
Portfolio turnover rate 170% A
</TABLE>
A ANNUALIZED
B THE TOTAL RETURN WOULD HAVE BEEN LOWER HAD CERTAIN EXPENSES NOT BEEN
REDUCED DURING THE PERIOD SHOWN AND FOR PERIODS OF LESS THAN ONE YEAR ARE
NOT ANNUALIZED.
C THE AMOUNT SHOWN FOR A SHARE OUTSTANDING DOES NOT CORRESPOND WITH THE
AGGREGATE NET GAIN ON INVESTMENTS FOR THE PERIOD ENDED DUE TO THE TIMING OF
SALES AND REPURCHASES OF FUND SHARES IN RELATION TO FLUCTUATING MARKET
VALUES OF THE INVESTMENTS OF THE FUND.
D FMR HAS DIRECTED CERTAIN PORTFOLIO TRADES TO BROKERS WHO PAID A
PORTION OF THE FUND'S EXPENSES.
