FIDELITY MAGELLAN FUND INC
497, 1996-06-04
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SUPPLEMENT TO THE FIDELITY MAGELLAN FUND PROSPECTUS
   DATED MAY 22, 1996
Effective June 1996, the following information replaces the similar
information found in the "FMR and Its Affiliates" section on page 8.
Robert Stansky is manager and vice president of Magellan, which he has
managed since June 1996. Previously, he managed other Fidelity funds. Mr.
Stansky joined Fidelity in 1983.    



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