SUPPLEMENT TO THE
FIDELITY(registered trademark) AGGRESSIVE
GROWTH FUND
JANUARY 29, 2000
PROSPECTUS
The following information replaces similar information under the
heading "Average Annual Returns" found in the "Performance" section on
page 4.
For the periods ended Past 1 year Past 5 years Life of fund
December 31, 1999
Aggressive Growth 103.02% 40.47% 31.65%A
Russell Midcap Growth Index 51.30% 28.02% 21.98%B
Lipper Mid Cap Funds Average 39.18% 23.24% n/a
A FROM DECEMBER 28, 1990.
B FROM DECEMBER 31, 1990.
The following information replaces similar information fund in the
"Fund Management" section on page 21.
Robert Bertelson, is vice president and manager of Aggressive
Growth Fund, which he has managed since February 2000. Previously, he
managed other Fidelity funds. Since joining Fidelity in 1991, Mr.
Bertelson has worked as an analyst and manager.
SUPPLEMENT TO THE
FIDELITY(registered trademark) GROWTH COMPANY FUND
JANUARY 29, 2000
STATEMENT OF ADDITIONAL INFORMATION
THE FOLLOWING INFORMATION HAS BEEN REMOVED FROM THE "TRUSTEES AND
OFFICERS" SECTION BEGINNING ON PAGE 16.
J. GARY BURKHEAD (58), Member of the Advisory Board (1997), is Vice
Chairman and a Member of the Board of Directors of FMR Corp. (1997)
and President of Fidelity Personal Investments and Brokerage Group
(1997). Previously, Mr. Burkhead served as President of Fidelity
Management & Research Company.
RICHARD A. SILVER (52), Treasurer (1997), is Treasurer of the Fidelity
funds and is an employee of FMR (1997). Before joining FMR, Mr. Silver
served as Executive Vice President, Fund Accounting & Administration
at First Data Investor Services Group, Inc. (1996-1997). Prior to
1996, Mr. Silver was Senior Vice President and Chief Financial Officer
at The Colonial Group, Inc. Mr. Silver also served as Chairman of the
Accounting/Treasurer's Committee of the Investment Company Institute
(1987-1993).
THE FOLLOWING INFORMATION SUPPLEMENTS THE INFORMATION FOUND IN THE
"TRUSTEES AND OFFICERS" SECTION BEGINNING ON PAGE 16.
ROBERT A. DWIGHT (41),Treasurer (2000), is Treasurer of the Fidelity
funds and is an employee of FMR. Prior to becoming Treasurer of the
Fidelity funds, he served as President of Fidelity Accounting and
Custody Services (FACS). Before joining Fidelity, Mr. Dwight was
Senior Vice President of fund accounting operations for The Boston
Company.
THE FOLLOWING INFORMATION REPLACES THE COMPENSATION TABLE FOUND IN THE
"TRUSTEES AND OFFICERS" SECTION BEGINNING ON PAGE 16.
The following table sets forth information describing the compensation
of each Trustee and Member of the Advisory Board of the fund for his
or her services for the fiscal year ended November 30, 1999, or
calendar year ended December 31, 1999, as applicable.
COMPENSATION TABLE
<TABLE>
<CAPTION>
<S> <C> <C>
Trustees and Members of the Aggregate Compensation from Total Compensation from the
Advisory Board Growth CompanyB,C,D Fund Complex*,A
Edward C. Johnson 3d** $ 0 $ 0
Ralph F. Cox $ 3,751 $ 217,500
Phyllis Burke Davis $ 3,604 $ 211,500
Robert M. Gates $ 3,727 $ 217,500
E. Bradley Jones**** $ 3,728 $ 217,500
Donald J. Kirk $ 3,733 $ 217,500
Ned C. Lautenbach*** $ 734 $ 54,000
Peter S. Lynch** $ 0 $ 0
William O. McCoy $ 3,668 $ 214,500
Gerald C. McDonough $ 4,614 $ 269,000
Marvin L. Mann $ 3,727 $ 217,500
Robert C. Pozen** $ 0 $ 0
Thomas R. Williams $ 3,653 $ 213,000
</TABLE>
* Information is for the calendar year ended December 31, 1999 for 236
funds in the complex.
** Interested Trustees of the fund are compensated by FMR.
*** During the period from October 14, 1999 through December 31, 1999,
Mr. Lautenbach served as a Member of the Advisory Board. Effective
January 1, 2000, Mr. Lautenbach serves as a Member of the Board of
Trustees.
**** Mr. Jones served on the Board of Trustees through December 31,
1999.
A Compensation figures include cash, amounts required to be deferred,
and may include amounts deferred at the election of Trustees. For the
calendar year ended December 31, 1999, the Trustees accrued required
deferred compensation from the funds as follows: Ralph F. Cox,
$75,000; Phyllis Burke Davis, $75,000; Robert M. Gates, $75,000; E.
Bradley Jones, $75,000; Donald J. Kirk, $75,000; William O. McCoy,
$75,000; Gerald C. McDonough, $87,500; Marvin L. Mann, $75,000; and
Thomas R. Williams, $75,000. Certain of the non-interested Trustees
elected voluntarily to defer a portion of their compensation as
follows: Ralph F. Cox, $53,735; William O. McCoy, $53,735; and Thomas
R. Williams, $62,319.
B Compensation figures include cash, and may include amounts required
to be deferred and amounts deferred at the election of Trustees.
C The following amounts are required to be deferred by each
non-interested Trustee: Ralph F. Cox, $1,739; Phyllis Burke Davis,
$1,739; Robert M. Gates, $1,739; E. Bradley Jones, $1,739; Donald J.
Kirk, $1,739; William O. McCoy, $1,739; Gerald C. McDonough, $1,739;
Marvin L. Mann, $1,739; and Thomas R. Williams, $1,739.
D Certain of the non-interested Trustees' aggregate compensation from
the fund includes accrued voluntary deferred compensation as follows:
Ralph F. Cox, $1,448; Marvin L. Mann, $110; William O. McCoy, $1,448;
and Thomas R. Williams, $1,448.
