FIDELITY CHARLES STREET TRUST
NSAR-A, 1998-05-28
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<PAGE>      PAGE  1
000 A000000 03/31/98
000 C000000 0000354046
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 FIDELITY CHARLES STREET TRUST
001 B000000 811-3221
001 C000000 6175631952
002 A000000 82 DEVONSHIRE STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  6
007 C010100  1
007 C010200  2
007 C020200 FIDELITY ASSET MANAGER
007 C030200 N
007 C010300  3
007 C020300 FIDELITY ASSET MANAGER:GROWTH
007 C030300 N
007 C010400  4
007 C020400 FIDELITY SHORT-INTERMEDIATE GOVERNMENT FUND
007 C030400 N
007 C010500  5
007 C020500 FIDELITY ASSET MANAGER:INCOME
007 C030500 N
007 C010600  6
007 C020600 SPARTAN INVESTMENT GRADE BOND FUND
007 C030600 N
007 C010700  7
007 C020700 SPARTAN SHORT-TERM BOND FUND
007 C030700 N
007 C010800  8
007 C010900  9
007 C011000 10
011 A00AA01 FIDELITY DISTRIBUTORS CORPORATION
011 B00AA01 8-8775
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02109
012 A00AA01 FIDELITY SERVICE COMPANY, INC.
012 B00AA01 84-00216
<PAGE>      PAGE  2
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02109
013 A00AA01 PRICE WATERHOUSE LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
014 A00AA01 FIDELITY DISTRIBUTORS CORPORATION
014 B00AA01 8-8775
014 A00AA02 FIDELITY BROKERAGE SERVICES, INC.
014 B00AA02 8-23292
014 A00AA03 FIDELITY BROKERAGE SERVICES
014 B00AA03 8-00000
014 A00AA04 NATIONAL FINANCIAL SERVICES CORPORATION
014 B00AA04 8-26740
018  00AA00 Y
019 A00AA00 Y
019 B00AA00  230
019 C00AA00 FIDELITYZZ
020 A000001 FIDELITY BROKERAGE SERVICES, INC.
020 B000001 04-2653569
020 C000001    418
020 A000002 MORGAN SRANLEY & CO INC
020 B000002 13-2655998
020 C000002    149
020 A000003 ALEX BROWM & SONS INC.
020 B000003 52-1319768
020 C000003    140
020 A000004 MONTGOMERY SECURITIES
020 B000004 94-1701676
020 C000004    130
020 A000005 BEAR STERNS & CO INC .
020 B000005 13-3299429
020 C000005    124
020 A000006 GOLDMAN SACHS & CO
020 B000006 13-5108880
020 C000006    115
020 A000007 DONLDSON LIFKIN & JENRETTE
020 B000007 13-2741729
020 C000007     85
020 A000008 CS FIRST BOSTON CORP
020 B000008 13-5659485
020 C000008     79
020 A000009 SALOMON BROTHERS INC.
020 B000009 13-3082694
020 C000009     75
020 A000010 SANFORD C BERNSTEIN & CO INC.
020 B000010 13-2625874
020 C000010     67
021  000000     2287
022 A000001 TAXABLE CENTRAL CASH FUND
<PAGE>      PAGE  3
022 B000001 04-3331103
022 C000001   2417506
022 D000001   2420159
022 A000002 SALMON BROTHERS INC.
022 B000002 13-3082694
022 C000002   1324160
022 D000002   1114198
022 A000003 MORAGN STANLEY AND CO. INC
022 B000003 13-2655998
022 C000003    881273
022 D000003    667301
022 A000004 GOLDMAN SACHS AND CO.
022 B000004 13-5510880
022 C000004   1025629
022 D000004    278270
022 A000005 MERRILL LYNCH, INC
022 B000005 13-5674085
022 C000005    819674
022 D000005    510528
022 A000006 BEAR STEARNS AND CO
022 B000006 13-3299429
022 C000006    649090
022 D000006    477067
022 A000007 LEHAMN BROTHERS INC
022 B000007 13-2518466
022 C000007    407726
022 D000007    568705
022 A000008 J.P. MORGAN
022 B000008 13-3224106
022 C000008    560871
022 D000008    277747
022 A000009 DEUTSCH BANK
022 B000009 13-6124068
022 C000009    270487
022 D000009    283698
022 A000010 FIRST BOSTON CORP.
022 B000010 13-5659485
022 C000010    347355
022 D000010    202506
023 C000000   36905893
023 D000000    7645400
026 A000000 Y
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<PAGE>      PAGE  4
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080 A00AA00 AMERICAN INTERNATIONAL SPECIALTY LINES INS.CO
080 B00AA00 FEDERAL INSURANCE COMPANY
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<PAGE>      PAGE  5
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008 D030201 02109
008 A000202 FIDELITY MANAGEMENT & RESEARCH (U.K.) INC.
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008 D050202 ENGLAND
008 A000203 FIDELITY MANAGEMENT & RESEARCH (FAR EAST)INC.
008 B000203 S
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008 D050203 JAPAN
015 A000201 THE CHASE MANHATTAN BANK, N.A.
015 B000201 C
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015 C030201 10081
015 E010201 X
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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008 A000301 FIDELITY MANAGEMENT & RESEARCH COMPANY
008 B000301 A
008 C000301 801-7884
008 D010301 BOSTON
008 D020301 MA
008 D030301 02109
008 A000302 FIDELITY MANAGEMENT & RESEARCH (U.K.) INC.
008 B000302 S
008 C000302 801-28773
008 D010302 LONDON
008 D050302 ENGLAND
008 A000303 FIDELITY MANAGEMENT & RESEARCH (FAR EAST)INC.
008 B000303 S
<PAGE>      PAGE  11
008 C000303 801-28774
008 D010303 TOKYO
008 D050303 JAPAN
015 A000301 THE CHASE MANHATTAN BANK, N.A.
015 B000301 C
015 C010301 NEW YORK
015 C020301 NY
015 C030301 10081
015 E010301 X
024  000300 Y
025 A000301 TAXABLE CENTRAL CASH FUND
025 B000301 04-3331103
025 C000301 E
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025 A000302 MORGAN STANLEY
025 B000302 13-2655998
025 C000302 D
025 D000302      10
025 A000303 MERRILL LYNCH
025 B000303 13-5674085
025 C000303 D
025 D000303       5
025 A000304 DEUTSCH BANK
025 B000304 13-6124068
025 C000304 D
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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008 A000401 FIDELITY MANAGEMENT & RESEARCH COMPANY
008 B000401 A
008 C000401 801-7884
008 D010401 BOSTON
008 D020401 MA
008 D030401 02109
015 A000401 THE BANK OF NEW YORK
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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<PAGE>      PAGE  20
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<PAGE>      PAGE  24
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<PAGE>      PAGE  25
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<PAGE>      PAGE  27
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<PAGE>      PAGE  28
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<PAGE>      PAGE  29
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<PAGE>      PAGE  30
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<PAGE>      PAGE  34
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<PAGE>      PAGE  36
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075 A000700        0
075 B000700   292291
076  000700     0.00
071 A002000         0
071 B002000         0
071 C002000         0
071 D002000    0
072 A002000  0
072 B002000        0
072 C002000        0
072 D002000        0
072 E002000        0
072 F002000        0
072 G002000        0
072 H002000        0
SIGNATURE   JOHN H. COSTELLO                             
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

<ARTICLE> 6
 

<CIK>     0000354046


<NAME>      Fidelity Charles Street Trust


<SERIES>

        <NUMBER>        31


        <NAME>      Fidelity Asset Manager: Growth


<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

6-MOS


<FISCAL-YEAR-END>

SEP-30-1998


<PERIOD-END>

MAR-31-1998


<INVESTMENTS-AT-COST>

4,063,948


<INVESTMENTS-AT-VALUE>

5,334,455


<RECEIVABLES>

43,175


<ASSETS-OTHER>

0


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

5,377,630


<PAYABLE-FOR-SECURITIES>

81,789


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

99,403


<TOTAL-LIABILITIES>

181,192


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

3,833,005


<SHARES-COMMON-STOCK>

256,769


<SHARES-COMMON-PRIOR>

223,212


<ACCUMULATED-NII-CURRENT>

25,397


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

67,540


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

1,270,496


<NET-ASSETS>

5,196,438


<DIVIDEND-INCOME>

28,219


<INTEREST-INCOME>

45,379


<OTHER-INCOME>

0


<EXPENSES-NET>

19,756


<NET-INVESTMENT-INCOME>

53,842


<REALIZED-GAINS-CURRENT>

87,882


<APPREC-INCREASE-CURRENT>

470,841


<NET-CHANGE-FROM-OPS>

612,565


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

90,145


<DISTRIBUTIONS-OF-GAINS>

394,438


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

37,682


<NUMBER-OF-SHARES-REDEEMED>

30,721


<SHARES-REINVESTED>

26,595


<NET-CHANGE-IN-ASSETS>

738,956


<ACCUMULATED-NII-PRIOR>

67,056


<ACCUMULATED-GAINS-PRIOR>

404,764


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

14,036


<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

20,047


<AVERAGE-NET-ASSETS>

4,733,326


<PER-SHARE-NAV-BEGIN>

19.970


<PER-SHARE-NII>

 .220


<PER-SHARE-GAIN-APPREC>

2.200


<PER-SHARE-DIVIDEND>

 .400


<PER-SHARE-DISTRIBUTIONS>

1.750


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

20.240


<EXPENSE-RATIO>

85


<AVG-DEBT-OUTSTANDING>

0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
 

<CIK>     0000354046


<NAME>      Fidelity Charles Street Trust


<SERIES>

        <NUMBER>        21


        <NAME>      Fidelity Asset Manager


<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

6-MOS


<FISCAL-YEAR-END>

SEP-30-1998


<PERIOD-END>

MAR-31-1998


<INVESTMENTS-AT-COST>

10,396,435


<INVESTMENTS-AT-VALUE>

13,505,559


<RECEIVABLES>

115,728


<ASSETS-OTHER>

0


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

13,621,287


<PAYABLE-FOR-SECURITIES>

507,893


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

177,889


<TOTAL-LIABILITIES>

685,782


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

9,462,902


<SHARES-COMMON-STOCK>

660,278


<SHARES-COMMON-PRIOR>

624,152


<ACCUMULATED-NII-CURRENT>

5,921


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

357,449


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

3,109,233


<NET-ASSETS>

12,935,505


<DIVIDEND-INCOME>

56,189


<INTEREST-INCOME>

182,383


<OTHER-INCOME>

0


<EXPENSES-NET>

46,024


<NET-INVESTMENT-INCOME>

192,548


<REALIZED-GAINS-CURRENT>

410,863


<APPREC-INCREASE-CURRENT>

714,185


<NET-CHANGE-FROM-OPS>

1,317,596


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

208,019


<DISTRIBUTIONS-OF-GAINS>

679,851


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

61,869


<NUMBER-OF-SHARES-REDEEMED>

73,819


<SHARES-REINVESTED>

48,076


<NET-CHANGE-IN-ASSETS>

1,069,617


<ACCUMULATED-NII-PRIOR>

21,392


<ACCUMULATED-GAINS-PRIOR>

694,773


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

33,080


<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

46,714


<AVERAGE-NET-ASSETS>

12,184,149


<PER-SHARE-NAV-BEGIN>

19.010


<PER-SHARE-NII>

 .300


<PER-SHARE-GAIN-APPREC>

1.720


<PER-SHARE-DIVIDEND>

 .330


<PER-SHARE-DISTRIBUTIONS>

1.110


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

19.590


<EXPENSE-RATIO>

77


<AVG-DEBT-OUTSTANDING>

0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
 

<CIK>     0000354046


<NAME>      Fidelity Charles Street Trust


<SERIES>

        <NUMBER>        41


        <NAME>      Fidelity Short-Intermediate Government Fund


<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

6-MOS


<FISCAL-YEAR-END>

SEP-30-1998


<PERIOD-END>

MAR-31-1998


<INVESTMENTS-AT-COST>

125,187


<INVESTMENTS-AT-VALUE>

125,549


<RECEIVABLES>

1,506


<ASSETS-OTHER>

0


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

127,055


<PAYABLE-FOR-SECURITIES>

581


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

334


<TOTAL-LIABILITIES>

915


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

136,015


<SHARES-COMMON-STOCK>

13,424


<SHARES-COMMON-PRIOR>

12,821


<ACCUMULATED-NII-CURRENT>

64


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

(10,300)


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

361


<NET-ASSETS>

126,140


<DIVIDEND-INCOME>

0


<INTEREST-INCOME>

4,196


<OTHER-INCOME>

0


<EXPENSES-NET>

498


<NET-INVESTMENT-INCOME>

3,698


<REALIZED-GAINS-CURRENT>

729


<APPREC-INCREASE-CURRENT>

(564)


<NET-CHANGE-FROM-OPS>

3,863


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

3,537


<DISTRIBUTIONS-OF-GAINS>

0


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

3,043


<NUMBER-OF-SHARES-REDEEMED>

2,762


<SHARES-REINVESTED>

322


<NET-CHANGE-IN-ASSETS>

6,002


<ACCUMULATED-NII-PRIOR>

0


<ACCUMULATED-GAINS-PRIOR>

(11,030)


<OVERDISTRIB-NII-PRIOR>

97


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

272


<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

498


<AVERAGE-NET-ASSETS>

124,660


<PER-SHARE-NAV-BEGIN>

9.370


<PER-SHARE-NII>

 .279


<PER-SHARE-GAIN-APPREC>

 .018


<PER-SHARE-DIVIDEND>

 .267


<PER-SHARE-DISTRIBUTIONS>

0


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

9.400


<EXPENSE-RATIO>

80


<AVG-DEBT-OUTSTANDING>

0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
 

<CIK>     0000354046


<NAME>      Fidelity Charles Street Trust


<SERIES>

        <NUMBER>        71


        <NAME>      Spartan Short-Term Bond Fund


<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

6-MOS


<FISCAL-YEAR-END>

SEP-30-1998


<PERIOD-END>

MAR-31-1998


<INVESTMENTS-AT-COST>

324,428


<INVESTMENTS-AT-VALUE>

324,120


<RECEIVABLES>

4,340


<ASSETS-OTHER>

0


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

328,460


<PAYABLE-FOR-SECURITIES>

3,138


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

1,439


<TOTAL-LIABILITIES>

4,577


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

407,099


<SHARES-COMMON-STOCK>

35,829


<SHARES-COMMON-PRIOR>

31,769


<ACCUMULATED-NII-CURRENT>

0


<OVERDISTRIBUTION-NII>

1,396


<ACCUMULATED-NET-GAINS>

(81,512)


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

(308)


<NET-ASSETS>

323,883


<DIVIDEND-INCOME>

0


<INTEREST-INCOME>

10,089


<OTHER-INCOME>

0


<EXPENSES-NET>

551


<NET-INVESTMENT-INCOME>

9,538


<REALIZED-GAINS-CURRENT>

208


<APPREC-INCREASE-CURRENT>

(693)


<NET-CHANGE-FROM-OPS>

9,053


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

9,422


<DISTRIBUTIONS-OF-GAINS>

0


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

12,433


<NUMBER-OF-SHARES-REDEEMED>

9,250


<SHARES-REINVESTED>

877


<NET-CHANGE-IN-ASSETS>

36,411


<ACCUMULATED-NII-PRIOR>

0


<ACCUMULATED-GAINS-PRIOR>

(81,720)


<OVERDISTRIB-NII-PRIOR>

1,512


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

946


<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

947


<AVERAGE-NET-ASSETS>

292,291


<PER-SHARE-NAV-BEGIN>

9.050


<PER-SHARE-NII>

 .295


<PER-SHARE-GAIN-APPREC>

(.013)


<PER-SHARE-DIVIDEND>

 .292


<PER-SHARE-DISTRIBUTIONS>

0


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

9.040


<EXPENSE-RATIO>

38


<AVG-DEBT-OUTSTANDING>

0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
 

<CIK>     0000354046


<NAME>      Fidelity Charles Street Trust


<SERIES>

        <NUMBER>        61


        <NAME>      Spartan Investment Grade Bond Fund


<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

6-MOS


<FISCAL-YEAR-END>

SEP-30-1998


<PERIOD-END>

MAR-31-1998


<INVESTMENTS-AT-COST>

960,762


<INVESTMENTS-AT-VALUE>

967,026


<RECEIVABLES>

11,009


<ASSETS-OTHER>

12


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

978,047


<PAYABLE-FOR-SECURITIES>

155,633


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

2,554


<TOTAL-LIABILITIES>

158,187


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

812,176


<SHARES-COMMON-STOCK>

78,868


<SHARES-COMMON-PRIOR>

53,712


<ACCUMULATED-NII-CURRENT>

0


<OVERDISTRIBUTION-NII>

245


<ACCUMULATED-NET-GAINS>

1,665


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

6,264


<NET-ASSETS>

819,860


<DIVIDEND-INCOME>

0


<INTEREST-INCOME>

22,211


<OTHER-INCOME>

0


<EXPENSES-NET>

1,293


<NET-INVESTMENT-INCOME>

20,918


<REALIZED-GAINS-CURRENT>

9,312


<APPREC-INCREASE-CURRENT>

(1,797)


<NET-CHANGE-FROM-OPS>

28,433


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

20,962


<DISTRIBUTIONS-OF-GAINS>

0


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

37,182


<NUMBER-OF-SHARES-REDEEMED>

13,776


<SHARES-REINVESTED>

1,750


<NET-CHANGE-IN-ASSETS>

269,106


<ACCUMULATED-NII-PRIOR>

0


<ACCUMULATED-GAINS-PRIOR>

(7,646)


<OVERDISTRIB-NII-PRIOR>

201


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

2,211


<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

2,212


<AVERAGE-NET-ASSETS>

682,440


<PER-SHARE-NAV-BEGIN>

10.250


<PER-SHARE-NII>

 .316


<PER-SHARE-GAIN-APPREC>

 .152


<PER-SHARE-DIVIDEND>

 .318


<PER-SHARE-DISTRIBUTIONS>

0


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

10.400


<EXPENSE-RATIO>

38


<AVG-DEBT-OUTSTANDING>

0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
 

<CIK>     0000354046


<NAME>      Fidelity Charles Street Trust


<SERIES>

        <NUMBER>        51


        <NAME>      Fidelity Asset Manager: Income


<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

6-MOS


<FISCAL-YEAR-END>

SEP-30-1998


<PERIOD-END>

MAR-31-1998


<INVESTMENTS-AT-COST>

719,632


<INVESTMENTS-AT-VALUE>

785,200


<RECEIVABLES>

17,540


<ASSETS-OTHER>

1


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

802,741


<PAYABLE-FOR-SECURITIES>

71,467


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

6,433


<TOTAL-LIABILITIES>

77,900


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

647,603


<SHARES-COMMON-STOCK>

57,801


<SHARES-COMMON-PRIOR>

52,362


<ACCUMULATED-NII-CURRENT>

2,868


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

8,803


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

65,567


<NET-ASSETS>

724,841


<DIVIDEND-INCOME>

984


<INTEREST-INCOME>

17,044


<OTHER-INCOME>

0


<EXPENSES-NET>

2,373


<NET-INVESTMENT-INCOME>

15,655


<REALIZED-GAINS-CURRENT>

10,423


<APPREC-INCREASE-CURRENT>

16,362


<NET-CHANGE-FROM-OPS>

42,440


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

15,850


<DISTRIBUTIONS-OF-GAINS>

15,719


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

17,407


<NUMBER-OF-SHARES-REDEEMED>

14,415


<SHARES-REINVESTED>

2,447


<NET-CHANGE-IN-ASSETS>

77,439


<ACCUMULATED-NII-PRIOR>

3,063


<ACCUMULATED-GAINS-PRIOR>

16,902


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

1,495


<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

2,411


<AVERAGE-NET-ASSETS>

684,898


<PER-SHARE-NAV-BEGIN>

12.360


<PER-SHARE-NII>

 .280


<PER-SHARE-GAIN-APPREC>

 .480


<PER-SHARE-DIVIDEND>

 .290


<PER-SHARE-DISTRIBUTIONS>

 .290


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

12.540


<EXPENSE-RATIO>

71


<AVG-DEBT-OUTSTANDING>

0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>


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