SUPPLEMENT TO THE
FIDELITY GROWTH &
INCOME PORTFOLIO
PROSPECTUS
DATED SEPTEMBER 25, 1993
The following information
supplements the last paragraph
on page 19.
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
The sales charge will also be
reduced by the percentage of
any sales charge you
previously paid on investments
in other Fidelity funds (not
including Fidelity's Foreign
Currency Funds). Similarly,
your shares carry credit for any
sales charge you would have
paid if the reductions in the
table above had not been
available. These sales charge
credits only apply if you
continuously owned Fidelity
fund shares or a Fidelity
brokerage core account, or
participated in The
CORPORATEplan for
Retirement Program, and only
to purchases made in one of
the following ways:
1. By exchange from another
Fidel ity fund.
2. With proceeds of a
transaction within a Fidelity
brokerage core account,
including any free credit
balance, core money market
fund, or margin availability, to
the extent such proceeds were
derived from redemption
proceeds from another Fidelity
fund.
3. With redemption proceeds
from one of Fidelity's Foreign
Currency Funds, if the Foreign
Currency Fund shares were
originally purchased with
redemption proceeds from a
Fidelity fund.
4. Through the Directed
Dividends Option (see page
16).
5. By participants in The
CORPORATEplan for
Retirement Program when
shares are purchased through
plan-qualified loan repayments,
and for exchanges into and out
of the Managed Income
Portfolio.
SUPPLEMENT TO THE
FIDELITY GROWTH &
INCOME PORTFOLIO
PROSPECTUS
DATED SEPTEMBER 25, 1993
The following information
supplements the last paragraph
on page 19.
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
The sales charge will also be
reduced by the percentage of
any sales charge you
previously paid on investments
in other Fidelity funds (not
including Fidelity's Foreign
Currency Funds). Similarly,
your shares carry credit for any
sales charge you would have
paid if the reductions in the
table above had not been
available. These sales charge
credits only apply if you
continuously owned Fidelity
fund shares or a Fidelity
brokerage core account, or
participated in The
CORPORATEplan for
Retirement Program, and only
to purchases made in one of
the following ways:
1. By exchange from another
Fidel ity fund.
2. With proceeds of a
transaction within a Fidelity
brokerage core account,
including any free credit
balance, core money market
fund, or margin availability, to
the extent such proceeds were
derived from redemption
proceeds from another Fidelity
fund.
3. With redemption proceeds
from one of Fidelity's Foreign
Currency Funds, if the Foreign
Currency Fund shares were
originally purchased with
redemption proceeds from a
Fidelity fund.
4. Through the Directed
Dividends Option (see page
16).
5. By participants in The
CORPORATEplan for
Retirement Program when
shares are purchased through
plan-qualified loan repayments,
and for exchanges into and out
of the Managed Income
Portfolio.
GAI - 93 - 4 December 17, 1993
GAI - 93 - 4 December 17, 1993
FIDELITY GROWTH & INCOME PORTFOLIO
SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION
DATED SEPTEMBER 25, 1993
ADDITIONAL PURCHASE AND REDEMPTION INFORMATION. The fund's sales charge
may be reduced to reflect sales charges previously paid, or that would have
been paid absent a reduction as noted in the prospectus, in connection with
investments in other Fidelity funds. This includes reductions for
investments in prototype or prototype-like retirement plans sponsored by
FMR or FMR Corp., which are listed on page 14.
MANAGEMENT CONTRACT. Effective November 1, 1993, FMR agreed to voluntarily
adopt the revised group fee rate schedule shown below for purposes of
calculating the group fee component of the management fee. The revised
schedule provides for lower management fees as total assets under
management increase, and it will be presented to shareholders for approval
at the next shareholder meeting.
GROUP FEE RATE SCHEDULE EFFECTIVE ANNUAL FEE RATES
Average Group Annualized Group Net Effective Annual Fee
Assets Rate Assets Rate
0 - $ 3 billion .520% $ 0.5 billion .5200%
3 - 6 .490 25 .4238
6 - 9 .460 50 .3823
9 - 12 .430 75 .3626
12 - 15 .400 100 .3512
15 - 18 .385 125 .3430
18 - 21 .370 150 .3371
21 - 24 .360 175 .3325
24 - 30 .350 200 .3284
30 - 36 .345 225 .3253
36 - 42 .340 250 .3223
42 - 48 .335 275 .3198
48 - 66 .325 300 .3175
66 - 84 .320 325 .3153
84 - 102 .315 350 .3133
102 - 138 .310
138 - 174 .305
174 - 228 .300
228 - 282 .295
282 - 336 .290
Over 336 .285
GAIB-93-3 December 17, 1993
