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" on page 27.
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.
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" on page 27.
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.
EQU - 94 -1 May 5, 1994
EQU - 94 -1 May 5, 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, and is unavailable if the RIA is part of an organization
principally engaged in the brokerage business; or (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.
EQUB-94-1 May 5, 1994
