SUPPLEMENT TO
FIDELITY GROWTH
COMPANY FUND
AND
FIDELITY EMERGING GROWTH FUND
PROSPECTUS
DATED JANUARY 26, 1996
Effective June 1996, the following information replaces the similar
information found in the section entitled "FMR and Its Affiliates,"
beginning on page 11.
Lawrence Greenberg is manager and vice president of Growth Company and
Emerging Growth, which he has managed since June 1996 and October 1993,
respectively. He also manages several other Fidelity funds. Mr. Greenberg
joined Fidelity in 1986.
