VARIABLE INSURANCE PRODUCTS FUND:
MONEY MARKET PORTFOLIO AND
HIGH INCOME PORTFOLIO
SUPPLEMENT TO THE PROSPECTUS
DATED APRIL 30, 1993
On December 15, 1993, shareholders of Money Market Portfolio and High
Income Portfolio approved modifications to each Portfolio's respective
management contract. The following amends the management fee discussion for
each Portfolio found in the section entitled Management, Distribution and
Service Fees:
MONEY MARKET PORTFOLIO'S management fee is calculated as follows: (a) the
sum of a group fee rate and an individual fund fee rate of .03%, and (b)
the addition of an income component of 6% of the Portfolio's gross income
in excess of a 5% annual yield. The result is multiplied by the Portfolio's
average net assets. The group fee rate, which is based on the average net
assets of all of the mutual funds advised by FMR, cannot rise above .37%,
and it drops as total assets under management increase. The income
component cannot rise above .24%.
HIGH INCOME PORTFOLIO'S individual fund fee rate is 0.45%.
N.VIP-94-1 January 3, 1994
