SUPPLEMENT TO THE
FIDELITY TREND FUND AND
FIDELITY VALUE FUND
PROSPECTUS
DATED FEBRUARY 18, 1995
The following information
replaces that found in "The
Funds in Detail" section on
page 11.
Fergus Shiel is manager of
Trend, which he has managed
since May 1995. Previously,
he managed Dividend Growth,
Select Telecommunications,
Broadcast and Media, and
Consumer Products Portfolios.
Mr. Shiel joined Fidelity in
1989.
Bettina Doulton is manager
of Value, which she has
managed since March 1995.
She also manages VIP
Equity-Income and Advisor
Equity Income. Previously,
she managed Select
Automotive and assisted on
Magellan. Ms. Doulton also
served as an analyst
following the domestic and
European automotive and tire
manufacturing industry as
well as the gaming and
lodging industry. She joined
Fidelity in 1986.
SUPPLEMENT TO THE
FIDELITY TREND FUND AND
FIDELITY VALUE FUND
PROSPECTUS
DATED FEBRUARY 18, 1995
The following information
replaces that found in "The
Funds in Detail" section on
page 11.
Fergus Shiel is manager of
Trend, which he has managed
since May 1995. Previously,
he managed Dividend Growth,
Select Telecommunications,
Broadcast and Media, and
Consumer Products Portfolios.
Mr. Shiel joined Fidelity in
1989.
Bettina Doulton is manager
of Value, which she has
managed since March 1995.
She also manages VIP
Equity-Income and Advisor
Equity Income. Previously,
she managed Select
Automotive and assisted on
Magellan. Ms. Doulton also
served as an analyst
following the domestic and
European automotive and tire
manufacturing industry as
well as the gaming and
lodging industry. She joined
Fidelity in 1986.
TRE/VAL-95-2 May 30, 1995
TRE/VAL-95-2 May 30, 1995
