FIDELITY SECURITIES FUND
497, 1994-05-23
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SUPPLEMENT TO THE
BLUE CHIP GROWTH
PROSPECTUS
   
DATED SEPTEMBER 25, 1993
   The following information     
   replaces that found under the     
   "Waivers" heading in the "Sales     
   Charge Reductions and     
   Waivers" section on page 21.    
   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.    
   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 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 o    r   ganization not     
   principally engaged in banking     
   or trust activities.    
The following information 
supplements the second 
paragraph on page 20.
Effective February 1, 1994, the 
sales charge paid to qualified 
recipients will be 2.25% of the 
fund's offering price.
The following information 
replaces that found under the 
"Reductions" heading in the 
"Sales Charge Reductions and 
Waivers" section on page 21.
REDUCTIONS. The fund's sales 
charge may be reduced if you 
invest directly with Fidelity or 
through prototype or 
prototype-like retirement plans 
sponsored by FMR or FMR 
Corp. Purchases made with 
assistance or intervention from 
a financial intermediary are not 
eligible. The amount you invest, 
plus the value of your account, 
must fall within the ranges 
shown below. Call Fidelity to 
see if your purchase qualifies.
  Net 
amount
Ranges Sales charge invested
$0 - 249,000 3% 3.09
%
$250,000 - 499,999 2% 2.04
%
$500,000 - 999,999 1% 1.01
%
$1,000,000 or more none none
   
   
SUPPLEMENT TO THE
BLUE CHIP GROWTH
PROSPECTUS
   
DATED SEPTEMBER 25, 1993
   The following information     
   replaces that found under the     
   "Waivers" heading in the "Sales     
   Charge Reductions and     
   Waivers" section on page 21.    
   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.    
   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 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 o    r   ganization not     
   principally engaged in banking     
   or trust activities.    
The following information 
supplements the second 
paragraph on page 20.
Effective February 1, 1994, the 
sales charge paid to qualified 
recipients will be 2.25% of the 
fund's offering price.
The following information 
replaces that found under the 
"Reductions" heading in the 
"Sales Charge Reductions and 
Waivers" section on page 21.
REDUCTIONS. The fund's sales 
charge may be reduced if you 
invest directly with Fidelity or 
through prototype or 
prototype-like retirement plans 
sponsored by FMR or FMR 
Corp. Purchases made with 
assistance or intervention from 
a financial intermediary are not 
eligible. The amount you invest, 
plus the value of your account, 
must fall within the ranges 
shown below. Call Fidelity to 
see if your purchase qualifies.
  Net 
amount
Ranges Sales charge invested
$0 - 249,000 3% 3.09
%
$250,000 - 499,999 2% 2.04
%
$500,000 - 999,999 1% 1.01
%
$1,000,000 or more none none
   
   
BCF-94-1                                                   (Page 1 of 2)   
                  
                May 5, 1994
BCF-94-1                                                   (Page 1 of 2)   
               
                   May 5, 1994
   
 
SUPPLEMENT TO THE
BLUE CHIP GROWTH
PROSPECTUS
   
DATED SEPTEMBER 25, 1993
   The following information     
   replaces that found under the     
   "Waivers" heading in the "Sales     
   Charge Reductions and     
   Waivers" section on page 21.    
   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.    
   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 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 o    r   ganization not     
   principally engaged in banking     
   or trust activities.    
The following information 
supplements the second 
paragraph on page 20.
Effective February 1, 1994, the 
sales charge paid to qualified 
recipients will be 2.25% of the 
fund's offering price.
The following information 
replaces that found under the 
"Reductions" heading in the 
"Sales Charge Reductions and 
Waivers" section on page 21.
REDUCTIONS. The fund's sales 
charge may be reduced if you 
invest directly with Fidelity or 
through prototype or 
prototype-like retirement plans 
sponsored by FMR or FMR 
Corp. Purchases made with 
assistance or intervention from 
a financial intermediary are not 
eligible. The amount you invest, 
plus the value of your account, 
must fall within the ranges 
shown below. Call Fidelity to 
see if your purchase qualifies.
  Net 
amount
Ranges Sales charge invested
$0 - 249,000 3% 3.09
%
$250,000 - 499,999 2% 2.04
%
$500,000 - 999,999 1% 1.01
%
$1,000,000 or more none none
   
   
SUPPLEMENT TO THE
BLUE CHIP GROWTH
PROSPECTUS
   
DATED SEPTEMBER 25, 1993
   The following information     
   replaces that found under the     
   "Waivers" heading in the "Sales     
   Charge Reductions and     
   Waivers" section on page 21.    
   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.    
   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 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 o    r   ganization not     
   principally engaged in banking     
   or trust activities.    
The following information 
supplements the second 
paragraph on page 20.
Effective February 1, 1994, the 
sales charge paid to qualified 
recipients will be 2.25% of the 
fund's offering price.
The following information 
replaces that found under the 
"Reductions" heading in the 
"Sales Charge Reductions and 
Waivers" section on page 21.
REDUCTIONS. The fund's sales 
charge may be reduced if you 
invest directly with Fidelity or 
through prototype or 
prototype-like retirement plans 
sponsored by FMR or FMR 
Corp. Purchases made with 
assistance or intervention from 
a financial intermediary are not 
eligible. The amount you invest, 
plus the value of your account, 
must fall within the ranges 
shown below. Call Fidelity to 
see if your purchase qualifies.
  Net 
amount
Ranges Sales charge invested
$0 - 249,000 3% 3.09
%
$250,000 - 499,999 2% 2.04
%
$500,000 - 999,999 1% 1.01
%
$1,000,000 or more none none
   
   
BCF-94-1                                                   (Page 1 of 2)   
                  
                May 5, 1994
BCF-94-1                                                   (Page 1 of 2)   
               
                   May 5, 1994



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