SUPPLEMENT TO THE
FIDELITY NEW MILLENNIUM FUND JANUARY 28, 1998 PROSPECTUS
THE FOLLOWING INFORMATION REPLACES SIMILAR INFORMATION FOUND IN "WHO
MAY WANT TO INVEST" ON PAGE 3.
Effective the close of business on May 15, 1996, the fund's shares are
no longer available to new accounts. Shareholders of the fund on that
date may continue to purchase shares in accounts existing on that
date. Investors who did not own shares of the fund on May 15, 1996,
generally will not be allowed to purchase shares of the fund except
new accounts may be established: 1) by 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), or 2) for accounts managed on a
discretionary basis by certain registered investment advisors that
have discretionary assets of at least $500 million invested in mutual
funds and have included the fund in their discretionary account
program since May 15, 1996.
