SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(a)
OF THE SECURITIES EXCHANGE ACT OF 1934
Filed by the [X]
Registrant
Filed by a [ ]
Party other than the
Registrant
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential, for Use of the
Commission Only (as
permitted by Rule 14a-6(e)(2))
[ ] Definitive Proxy Statement
[X] Definitive Additional Materials
[ ] Soliciting Material Pursuant
to Sec. 240.14a-11(c) or
Sec. 240.14a-12
(Name of Registrant as
Specified In Its Charter)
Fidelity Securities
Fund
Name of Person(s) Filing
Proxy Statement, if other
than the Registrant)
Payment of Filing Fee (Check the appropriate box):
[X] No fee required.
[ ] Fee computed on table below
per Exchange Act Rules
14a-6(i)(1) and 0-11.
(1) Title of each class of
securities to which
transaction applies:
(2) Aggregate number of
securities to which
transaction applies:
(3) Per unit price or other
underlying value of
transaction
computed pursuant to Exchange
Act Rule 0-11:
(4) Proposed maximum aggregate
value of transaction:
(5) Total Fee Paid:
[ ] Fee paid previously with
preliminary materials.
[ ] Check box if any part of the
fee is offset as provided by
Exchange Act Rule 0-11(a) (2)
and identify the filing for
which the offsetting fee was
paid previously. Identify the
previous filing by
registration statement
number, or the Form or
Schedule and the date of
its filing.
(1) Amount Previously Paid:
(2) Form, Schedule or
Registration Statement No.:
(3) Filing Party:
(4) Date Filed:
FIDELITY OTC PORTFOLIO
June 5, 2000 [FIRST
CLASS MAIL
ICON
APPEARS
HERE]
WE ARE WRITING TO LET YOU KNOW ABOUT POSSIBLE CHANGES TO
THE DIVERSIFICATION AND CONCENTRATION POLICIES OF FIDELITY
OTC PORTFOLIO, AN INVESTMENT OPTION OFFERED BY YOUR
RETIREMENT PLAN. THESE CHANGES ARE SUBJECT TO SHAREHOLDER
APPROVAL AT A SPECIAL SHAREHOLDERS' MEETING TO BE HELD ON
JUNE 14, 2000. The proposals are designed to allow the fund
to keep up with the increasing concentration in the OTC
market, and to allow the fund to match or over-weight
investments relative to its benchmark, the NASDAQ
Composite Index.
These proposals would give OTC Portfolio the ability to invest
in a more concentrated (and less diversified) manner, and would
give the fund more flexibility to invest in technology stocks,
which dominate the OTC market. The DIVERSIFICATION proposal
would allow the fund to invest more than 5% of its assets in a
larger number of companies, by granting the flexibility to invest
more of its portfolio (50%, compared to 25% currently) in
positions that individually represent more than 5% of its assets.
The CONCENTRATION proposal would require the fund to invest more
than 25% of its assets in the technology-related sector. If adopted,
the new diversification and concentration policies may pose
additional risks for investors.
FOR MORE COMPLETE INFORMATION ABOUT ANY OF THE FUNDS AVAILABLE
THROUGH THE PLAN, INCLUDING FEES AND EXPENSES, CALL OR WRITE FIDELITY
FOR A COPY OF THE PROXY STATEMENT OR FREE PROSPECTUSES. READ THEM
CAREFULLY BEFORE YOU MAKE YOUR INVESTMENT CHOICES.
Fidelity Investments Institutional Services Company, Inc.
82 Devonshire St., Boston, MA 02109
103527 1.741334.100
