SUPPLEMENT TO THE FIDELITY ASSET MANAGER FUNDS PROSPECTUS
DATED NOVEMBER 20, 1995
The following information replaces the similar information found in the
Charter section on page 11.
Richard Habermann is vice president and lead manager of the Asset
Manager Funds, which he has managed since March 1996. He also manages VIP
II: Asset Manager and VIP II: Asset Manager Growth. Mr. Habermann also
serves as managing director and senior vice president of Fidelity
Management & Research Company. Previously, he served as director of
international research and chief investment officer of Fidelity
International, Limited. Mr. Habermann joined Fidelity in 1968.
Michael Gray is vice president of the Asset Manager Funds and manager of
their fixed-income investments, which he has managed since March 1996. He
also manages Investment Grade Bond, Spartan Investment Grade Bond, and VIP
II: Investment Grade Bond. In addition, he manages the fixed-income
investments of Balanced, VIP II: Asset Manager, and VIP II: Asset Manager
Growth. Mr. Gray joined Fidelity in 1982.
George Vanderheiden is vice president of the Asset Manager Funds and
manager of their equity investments, which he has managed since March 1996.
He also manages Destiny I, Destiny II, Advisor Growth Opportunities, and
Advisor Annuity Growth Opportunities. In addition, he manages the equity
investments of VIP II: Asset Manager and VIP II: Asset Manager Growth. Mr.
Vanderheiden joined Fidelity in 1971.
SUPPLEMENT TO THE FIDELITY ASSET MANAGERTM PROSPECTUS
DATED NOVEMBER 20, 1995
The following information replaces the similar information found in the
Charter section beginning on page 8.
Richard Habermann is vice president and lead manager of Asset Manager,
which he has managed since March1996. He also manages Asset Manager:
Growth, Asset Manager: Income, VIP II: Asset Manager, and VIP II: Asset
Manager Growth. Mr. Habermann also serves as managing director and senior
vice president of Fidelity Management & Research Company. Previously, he
served as director of international research and chief investment officer
of Fidelity International, Limited. Mr. Habermann joined Fidelity in 1968.
Michael Gray is vice president of Asset Manager and manager of its
fixed-income investments, which he has managed since March 1996. He also
manages Investment Grade Bond, Spartan Investment Grade Bond, and VIP II:
Investment Grade Bond. In addition, he manages the fixed-income investments
of Balanced, Asset Manager: Growth, Asset Manager: Income, VIP II: Asset
Manager, and VIP II: Asset Manager Growth. Mr. Gray joined Fidelity in
1982.
George Vanderheiden is vice president of Asset Manager and manager of its
equity investments, which he has managed since March 1996. He also manages
Destiny I, Destiny II, Advisor Growth Opportunities, and Advisor Annuity
Growth Opportunities. In addition, he manages the equity investments of
Asset Manager: Growth, Asset Manager: Income, VIP II: Asset Manager, and
VIP II: Asset Manager Growth. Mr. Vanderheiden joined Fidelity in 1971.
