SUPPLEMENT TO THE FIDELITY ASSET MANAGER: GROWTHSM
NOVEMBER 28, 1997 PROSPECTUS
Effective April 1, 1998, the following information replaces the
similar information found under the heading "FMR and Its Affiliates"
on page 9:
Dick Habermann is Vice President and lead manager of Asset Manager:
Growth, which he has managed since March 1996. Other Fidelity
investment professionals assist Mr. Habermann in selecting investments
within each asset class for the fund. He also manages several other
Fidelity funds. Mr. Habermann is a senior vice president of FMR Co.
Previously, he was division head for international equities and
director of international research from 1993 to 1996 and joint chief
strategist for Portfolio Advisory Services from 1996 to 1997. Mr.
Habermann joined Fidelity in 1968.
The following information found under the heading "FMR and Its
Affiliates" on page 9 has been removed:
George Vanderheiden is Vice President of Asset Manager: Growth and
manager of its equity investments, which he has managed since March
1996. He also manages several other Fidelity funds. Mr. Vanderheiden
joined Fidelity in 1971; he has been a portfolio manager since 1980.
Charles Morrison is Vice President of Asset Manager: Growth and
manager of its fixed-income investments, which he has managed since
February 1997. He also manages other Fidelity funds. Since joining
Fidelity in 1987, Mr. Morrison has worked as an analyst and manager.
John Todd is Vice President of Asset Manager: Growth and manager of
its money market investments, which he has managed since December
1996. He also manages other Fidelity funds. Mr. Todd joined Fidelity
as a portfolio manager in 1981.
The following information replaces similar information under the
heading "Other Expenses" on page 17:
The fund has adopted a DISTRIBUTION AND SERVICE PLAN. This plan
recognizes that FMR may use its management fee revenues, as well as
its past profits or its resources from any other source, to pay FDC
for expenses incurred in connection with the distribution of fund
shares. FMR directly, or through FDC, may make payments to third
parties, such as banks or broker-dealers, that engage in the sale of,
or provide shareholder support services for, the fund's shares.
Currently, the Board of Trustees has authorized such payments.
SUPPLEMENT TO THE
FIDELITY ASSET MANAGER: INCOMESM
NOVEMBER 28, 1997 PROSPECTUS
Effective April 1, 1998, the following information replaces the
similar information found under the heading "FMR and Its Affiliates"
on page 9:
Dick Habermann is Vice President and lead manager of Asset Manager:
Income, which he has managed since March 1996. Other Fidelity
investment professionals assist Mr. Habermann in selecting investments
within each asset class for the fund. He also manages several other
Fidelity funds. Mr. Habermann is a senior vice president of FMR Co.
Previously, he was division head for international equities and
director of international research from 1993 to 1996 and joint chief
strategist for Portfolio Advisory Services from 1996 to 1997. Mr.
Habermann joined Fidelity in 1968.
The following information found under the heading "FMR and Its
Affiliates" on page 9 has been removed:
George Vanderheiden is Vice President of Asset Manager: Income and
manager of its equity investments, which he has managed since March
1996. He also manages several other Fidelity funds. Mr. Vanderheiden
joined Fidelity in 1971; he has been a portfolio manager since 1980.
Charles Morrison is Vice President of Asset Manager: Income and
manager of its fixed-income investments, which he has managed since
February 1997. He also manages other Fidelity funds. Since joining
Fidelity in 1987, Mr. Morrison has worked as an analyst and manager.
John Todd is Vice President of Asset Manager: Income and manager of
its money market investments, which he has managed since December
1996. He also manages other Fidelity funds. Mr. Todd joined Fidelity
as a portfolio manager in 1981.
The following information replaces similar information under the
heading "Other Expenses" on page 16:
The fund has adopted a DISTRIBUTION AND SERVICE PLAN. This plan
recognizes that FMR may use its management fee revenues, as well as
its past profits or its resources from any other source, to pay FDC
for expenses incurred in connection with the distribution of fund
shares. FMR directly, or through FDC, may make payments to third
parties, such as banks or broker-dealers, that engage in the sale of,
or provide shareholder support services for, the fund's shares.
Currently, the Board of Trustees has authorized such payments.
SUPPLEMENT TO THE
FIDELITY ASSET MANAGER(registered trademark) NOVEMBER 28, 1997
PROSPECTUS
Effective April 1, 1998, the following information replaces the
similar information found under the heading "FMR and Its Affiliates"
on page 9:
Dick Habermann is Vice President and lead manager of Asset Manager,
which he has managed since March 1996. Other Fidelity investment
professionals assist Mr. Habermann in selecting investments within
each asset class for the fund. He also manages several other Fidelity
funds. Mr. Habermann is a senior vice president of FMR Co. Previously,
he was division head for international equities and director of
international research from 1993 to 1996 and joint chief strategist
for Portfolio Advisory Services from 1996 to 1997. Mr. Habermann
joined Fidelity in 1968.
The following information found under the heading "FMR and Its
Affiliates" on page 9 has been removed:
George Vanderheiden is Vice President of Asset Manager and manager of
its equity investments, which he has managed since March 1996. He also
manages several other Fidelity funds. Mr. Vanderheiden joined Fidelity
in 1971; he has been a portfolio manager since 1980.
Charles Morrison is Vice President of Asset Manager and manager of its
fixed-income investments, which he has managed since February 1997. He
also manages other Fidelity funds. Since joining Fidelity in 1987, Mr.
Morrison has worked as an analyst and manager.
John Todd is Vice President of Asset Manager and manager of its money
market investments, which he has managed since December 1996. He also
manages other Fidelity funds. Mr. Todd joined Fidelity as a portfolio
manager in 1981.
The following information replaces similar information found under
the "Other Expenses" heading in the "Breakdown of Expenses" section on
page 17.
The fund has adopted a DISTRIBUTION AND SERVICE PLAN. This plan
recognizes that FMR may use its management fee revenues, as well as
its past profits or its resources from any other source, to pay FDC
for expenses incurred in connection with the distribution of fund
shares. FMR directly, or through FDC, may make payments to third
parties, such as banks or broker-dealers, that engage in the sale of,
or provide shareholder support services for, the fund's shares.
Currently, the Board of Trustees has authorized such payments.
SUPPLEMENT TO
THE FIDELITY ASSET
MANAGER FUNDS
NOVEMBER 28, 1997 PROSPECTUS
Effective April 1, 1998, the following information replaces the
similar information found under the heading "FMR and Its Affiliates"
on page 11:
Dick Habermann is Vice President and lead manager of the Asset
Manager funds, which he has managed since March 1996. Other Fidelity
investment professionals assist Mr. Habermann in selecting investments
within each asset class for the funds. He also manages several other
Fidelity funds. Mr. Habermann is a senior vice president of FMR Co.
Previously, he was division head for international equities and
director of international research from 1993 to 1996 and joint chief
strategist for Portfolio Advisory Services from 1996 to 1997. Mr.
Habermann joined Fidelity in 1968.
The following information found under the heading "FMR and Its
Affiliates" on page 11 has been removed:
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 several other Fidelity funds. Mr.
Vanderheiden joined Fidelity in 1971; he has been a portfolio manager
since 1980.
Charles Morrison is Vice President of the Asset Manager funds and
manager of their fixed-income investments, which he has managed since
February 1997. He also manages other Fidelity funds. Since joining
Fidelity in 1987, Mr. Morrison has worked as an analyst and
manager.
John Todd is Vice President of the Asset Manager funds and manager
of their money market investments, which he has managed since December
1996. He also manages other Fidelity funds. Mr. Todd joined Fidelity
as a portfolio manager in 1981.
The following information replaces similar information found under the
"Other Expenses" heading in the "Breakdown of Expenses" section on
page 17.
Each fund has adopted a DISTRIBUTION AND SERVICE PLAN. Each plan
recognizes that FMR may use its management fee revenues, as well as
its past profits or its resources from any other source, to pay FDC
for expenses incurred in connection with the distribution of fund
shares. FMR directly, or through FDC, may make payments to third
parties, such as banks or broker-dealers, that engage in the sale of,
or provide shareholder support services for, the fund's shares.
Currently, the Board of Trustees has authorized such payments.
