SUPPLEMENT TO THE
FIDELITY GROWTH
COMPANY FUND AND
FIDELITY EMERGING GROWTH
FUND
PROSPECTUS
DATED JANUARY 20, 1994
The following information
supplements the "Minimum
Investments" table on page 12.
These minimums for Growth
Company may vary for a
Fidelity Payroll Deduction
Program account in the fund.
Refer to the program's
materials for details.
The following information
replaces information in the
section entitled "Transaction
Details" beginning on page 21.
FDC collects the proceeds from
each fund's 3% sales charge
and may pay a portion of them
to securities dealers who have
sold fund shares, or to others,
including banks and other
financial institutions (qualified
recipients), under special
arrangements in connection
with FDC's sales activities. The
sales charge paid to qualified
recipients is 2.25% of a fund's
offering price.
The following information
replaces information found in
the section entitled "Sales
Charge Reductions and
Waivers" beginning on page 23.
7. If you are a current or former
trustee or officer of a Fidelity
fund or a current or retired
officer, director, or regular
employee of FMR Corp. or its
direct or indirect subsidiaries (a
Fidelity Trustee or employee),
the spouse of a Fidelity trustee
or employee, a Fidelity trustee
or employee acting as
custodian for a minor child, or a
person acting as trustee of a
trust for the sole benefit of the
minor child of a Fidelity trustee
or employee.
10. If you are a registered
investment adviser (RIA)
purchasing for your
discretionary accounts,
provided you execute a Fidelity
RIA load waiver agreement
which specifies certain
aggregate minimum and
operating provisions. Except for
correspondents of National
Financial Services Corporation,
this waiver is available only for
shares purchased directly from
Fidelity, and is unavailable if
the RIA is part of an
organization principally
engaged in the brokerage
business.
11. If you are a trust institution
or bank trust department
purchasing for your
non-discretionary,
non-retirement fiduciary
accounts, provided you execute
a Fidelity Trust load waiver
agreement which specifies
certain aggregate minimum and
operating provisions. This
waiver is
SUPPLEMENT TO THE
FIDELITY GROWTH
COMPANY FUND AND
FIDELITY EMERGING GROWTH
FUND
PROSPECTUS
DATED JANUARY 20, 1994
The following information
supplements the "Minimum
Investments" table on page 12.
These minimums for Growth
Company may vary for a
Fidelity Payroll Deduction
Program account in the fund.
Refer to the program's
materials for details.
The following information
replaces information in the
section entitled "Transaction
Details" beginning on page 21.
FDC collects the proceeds from
each fund's 3% sales charge
and may pay a portion of them
to securities dealers who have
sold fund shares, or to others,
including banks and other
financial institutions (qualified
recipients), under special
arrangements in connection
with FDC's sales activities. The
sales charge paid to qualified
recipients is 2.25% of a fund's
offering price.
The following information
replaces information found in
the section entitled "Sales
Charge Reductions and
Waivers" beginning on page 23.
7. If you are a current or former
trustee or officer of a Fidelity
fund or a current or retired
officer, director, or regular
employee of FMR Corp. or its
direct or indirect subsidiaries (a
Fidelity Trustee or employee),
the spouse of a Fidelity trustee
or employee, a Fidelity trustee
or employee acting as
custodian for a minor child, or a
person acting as trustee of a
trust for the sole benefit of the
minor child of a Fidelity trustee
or employee.
10. If you are a registered
investment adviser (RIA)
purchasing for your
discretionary accounts,
provided you execute a Fidelity
RIA load waiver agreement
which specifies certain
aggregate minimum and
operating provisions. Except for
correspondents of National
Financial Services Corporation,
this waiver is available only for
shares purchased directly from
Fidelity, and is unavailable if
the RIA is part of an
organization principally
engaged in the brokerage
business.
11. If you are a trust institution
or bank trust department
purchasing for your
non-discretionary,
non-retirement fiduciary
accounts, provided you execute
a Fidelity Trust load waiver
agreement which specifies
certain aggregate minimum and
operating provisions. This
waiver is
GCF/FEG-94-2 (PAGE 1 OF 2) June, 1, 1994
GCF/FEG-94-2 (PAGE 1 OF 2) June, 1, 1994
available only for shares
purchased either directly from
Fidelity or through a
bank-affiliated broker, and is
unavailable, if the trust
department or institution is part
of an organization not
principally engaged in banking
or trust activities.
The following information
supplements information found
in the section entitled "Sales
Charge Reductions and
Waivers" beginning on page 23.
12. If you invest through a
non-prototype pension or
profit-sharing plan that
maintains all of its mutual fund
assets in Fidelity mutual funds,
provided the plan executes a
Fidelity non-prototype sales
charge waiver request form
confirming its qualification.
13. (Growth Company only) If
you invest as part of a payroll
deduction program through an
employer who is a member of
the Fidelity Retirement Client
Advisory Group of the Fidelity
Retail Advisory Group,
provided the employer enters
into a Fidelity payroll deduction
load waiver agreement which
specifies certain qualifying
restrictions and operating
provisions.
The following information
replaces information found in
the section entitled "Sales
Charge Reductions and
Waivers" beginning on page 23.
These waivers must be
qualified through FDC in
advance. More detailed
information about waivers (1),
(2), (5), (9), (10), and (13) is
contained in the Statement of
Additional Information. A
representative of your plan or
organization should call Fidelity
for more information.
available only for shares
purchased either directly from
Fidelity or through a
bank-affiliated broker, and is
unavailable, if the trust
department or institution is part
of an organization not
principally engaged in banking
or trust activities.
The following information
supplements information found
in the section entitled "Sales
Charge Reductions and
Waivers" beginning on page 23.
12. If you invest through a
non-prototype pension or
profit-sharing plan that
maintains all of its mutual fund
assets in Fidelity mutual funds,
provided the plan executes a
Fidelity non-prototype sales
charge waiver request form
confirming its qualification.
13. (Growth Company only) If
you invest as part of a payroll
deduction program through an
employer who is a member of
the Fidelity Retirement Client
Advisory Group of the Fidelity
Retail Advisory Group,
provided the employer enters
into a Fidelity payroll deduction
load waiver agreement which
specifies certain qualifying
restrictions and operating
provisions.
The following information
replaces information found in
the section entitled "Sales
Charge Reductions and
Waivers" beginning on page 23.
These waivers must be
qualified through FDC in
advance. More detailed
information about waivers (1),
(2), (5), (9), (10), and (13) is
contained in the Statement of
Additional Information. A
representative of your plan or
organization should call Fidelity
for more information.
(PAGE 2 OF 2)
(PAGE 2 OF 2)
This is the third page of your
sticker.
Your text goes here
This is the third page of your
sticker.
Your text goes here
(PAGE 3 OF _)
(PAGE 3 OF _)
This is the fourth page of your
sticker. If you need more
pages, follow the instructions
below.
INSTRUCTIONS: (1) type in all
the text, (2) go outside all of the
frames, (3) copy the "top.level"
component on page 4 and
paste it after the original, (4) on
page 5, select the left-hand
column, and edit "props," (5) go
to "custom" and set "shared" to
"no," (6) still in the property
sheet, go to "basic," change
name to "page 5," and apply,
(7) still in the property sheet, go
back to "custom," set "shared"
back to "yes," and apply,
choosing "master" when
prompted,
(8) edit the property sheet of
the right column, changing the
name to "page 5" and apply, (9)
go to "custom" and verify that
"shared" is set to "yes," (10)
exit property sheet, go to page
4, and delete all text that
exceeds the required length,
(11) go to page 5 and delete all
text that appears on the
previous page, and (12) adjust
the footers as appropriate,
using the same process of
turning of editing property sheet
described in steps 5-9, but
using "code 5" rather than
"page 5." Repeat for any
additional pages you need.
That wasn't so difficult, now
was it?
This is the fourth page of your
sticker. If you need more
pages, follow the instructions
below.
INSTRUCTIONS: (1) type in all
the text, (2) go outside all of the
frames, (3) copy the "top.level"
component on page 4 and
paste it after the original, (4) on
page 5, select the left-hand
column, and edit "props," (5) go
to "custom" and set "shared" to
"no," (6) still in the property
sheet, go to "basic," change
name to "page 5," and apply,
(7) still in the property sheet, go
back to "custom," set "shared"
back to "yes," and apply,
choosing "master" when
prompted,
(8) edit the property sheet of
the right column, changing the
name to "page 5" and apply, (9)
go to "custom" and verify that
"shared" is set to "yes," (10)
exit property sheet, go to page
4, and delete all text that
exceeds the required length,
(11) go to page 5 and delete all
text that appears on the
previous page, and (12) adjust
the footers as appropriate,
using the same process of
turning of editing property sheet
described in steps 5-9, but
using "code 5" rather than
"page 5." Repeat for any
additional pages you need.
That wasn't so difficult, now
was it?
(PAGE 4 OF 4)
(PAGE 4 OF 4)
FIDELITY GROWTH COMPANY FUND
FIDELITY EMERGING GROWTH FUND
FUNDS OF FIDELITY MT. VERNON STREET TRUST
SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION
DATED JANUARY 20, 1994
The following information replaces example 8 found in the section entitled
"Additional Purchase and Redemption Information" beginning on page 14.
(8) if you are a current or former Trustee or officer of a Fidelity fund or
a current or retired officer, director, or regular employee of FMR Corp. or
its direct or indirect subsidiaries (a Fidelity Trustee or employee), the
spouse of a Fidelity Trustee or employee, a Fidelity Trustee or employee
acting as custodian for a minor child, or a person acting as trustee of a
trust for the sole benefit of the minor child of a Fidelity Trustee or
employee;
The following information supplements that found in the section entitled
"Additional Purchase and Redemption Information" beginning on page 14.
(11) if you are a registered investment adviser (RIA) purchasing for your
discretionary accounts, provided you execute a Fidelity RIA load waiver
agreement which specifies certain aggregate minimum and operating
provisions. This waiver is available only for shares purchased directly
from Fidelity, without a broker, unless purchased through a brokerage
firm which is a correspondent of National Financial Services Corporation
(NFSC). The waiver is unavailable , however, if the RIA is part
of an organization principally engaged in the brokerage business , unless
the brokerage firm in the organization is an NFSC correspondent ;
(12) if you are a trust institution or bank trust department purchasing for
your non-discretionary, non-retirement fiduciary accounts, provided you
execute a Fidelity Trust load waiver agreement which specifies certain
aggregate minimum and operating provisions. This waiver is available only
for shares purchased either directly from Fidelity or through a
bank-affiliated broker, and is unavailable if the trust department or
institution is part of an organization not principally engaged in banking
or trust activities ;
(13) to shares purchased as part of a pension or profit-sharing plan as
defined in Section 401(a) of the Internal Revenue Code that maintains all
of its mutual fund assets in Fidelity mutual funds, provided the plan
executes a Fidelity non-prototype sales charge waiver request form
confirming its qualification; or
(14) (Growth Company only) to shares purchased as part of a payroll
deduction program (including shares purchased in an amount not greater than
$5,000 by participants in the program within three months of the
commencement of their participation in the program from sources other than
payroll deduction) through an employer who has entered into a Fidelity
payroll deduction load waiver agreement and who (i) is a member of the
Fidelity Retirement Client Advisory Group and maintains an employee benefit
plan that either qualifies for exemptions (1) above or is in the
CORPORATEplan for Retirement Program and has at least some of its plan
assets in Fidelity-managed products, or (ii) is a member of the Fidelity
Retail Advisory Group and has more than 500 employees.
GCF/FEGB-94-2 June 1, 1994
