SUPPLEMENT TO THE
FIDELITY NEW MILLENNIUM(trademark) FUND
PROSPECTUS
DATED JANUARY 26, 1996
The following information supplements that found in the "Transaction
Details" section beginning on page 25.
Effective the close of business on May 15, 1996, the fund's shares will no
longer be available to new accounts. Shareholders of the fund on or prior
to that date, including participants in an employee benefit plan which
offered the fund on or prior to that date (except participants in an
employee benefit plan for which an affiliate of FMR maintains the accounts
at the participant level other than pursuant to a recordkeeping agreement),
will continue to be able to purchase shares of the fund.
The following information supplements that found in the "Securities and
Investment Practices" section beginning on page 10.
CASH MANAGEMENT. The fund may invest in money market securities, in
a pooled account of repurchase agreements, and in a money market fund
available only to funds and accounts managed by FMR or its affiliates,
whose goal is to seek a high level of current income while maintaining a
stable $1.00 share price. A major change in interest rates or a default on
the money market fund's investments could cause its share price to change.
The following information supplements that found in the "Sales Charge
Reductions and Waivers" section beginning on page 29.
The fund's sales charge will not apply:
2. To shares in a Fidelity account purchased with the proceeds of a
distribution from an employee benefit plan, provided that at the time of
the distribution, the employer or its affiliate maintained a plan that both
qualified for waiver (1) above and had at least some of its assets invested
in Fidelity-managed products. (Distributions transferred to an IRA account
must be transferred within 60 days from the date of the distribution. All
other distributions must be transferred directly into a Fidelity
account.)
