SUPPLEMENT TO THE
FIDELITY BLUE CHIP GROWTH FUND SEPTEMBER 29, 1999 PROSPECTUS
SHAREHOLDER MEETING. On or about June 14, 2000, a meeting of
the shareholders of Fidelity Blue Chip Growth Fund will be held to
vote on various proposals, including modifications to the fund's
management contract. Shareholders of record on April 18, 2000 are
entitled to vote at the meeting. Included are proposals to the fund's
management fee calculation to provide for lower fees when FMR's assets
under management exceed $210 billion, to revise the performance
adjustment calculation by rounding the investment performance of both
the fund and the comparative index to the nearest 0.01%, rather than
the nearest 1.00%, and to allow FMR and the trust, on behalf of the
fund, to modify the management contract subject to the requirements of
the Investment Company Act of 1940.
For more detailed information concerning the proposals under
consideration, please contact Fidelity at 1-800-544-6666 to request a
free copy of the proxy statement.
The following information replaces similar information found in the
"Fund Management" section on page 14.
(small solid bullet) Fidelity Management & Research Far East Inc. (FMR
Far East) serves as a sub-adviser for the fund. FMR Far East was
organized in 1986 to provide investment research and advice to FMR.
Currently, FMR Far East provides investment research and advice on
issuers based outside the United States and may also provide
investment advisory services for the fund.
The following information supplements similar information found in the
"Fund Management" section on page 14.
(small solid bullet) Fidelity Investments Japan Ltd. (FIJ), in Tokyo,
Japan, serves as a sub-adviser for the fund. As of September 28, 1999,
FIJ had approximately $16.3 billion in discretionary assets under
management. Currently, FIJ provides investment research and advice on
issuers based outside the United States for the fund.
The following information replaces similar information found in the
"Fund Management" section on page 14.
FMR pays FMR U.K. and FMR Far East for providing sub-advisory
services. FMR Far East pays FIJ for providing sub-advisory services.
SUPPLEMENT TO THE FIDELITY BLUE CHIP GROWTH FUND SEPTEMBER 29, 1999
PROSPECTUS
SHAREHOLDER MEETING. On or about June 14, 2000, a meeting of
the shareholders of Fidelity Blue Chip Growth Fund will be held to
vote on various proposals, including modifications to the fund's
management contract. Shareholders of record on April 18, 2000 are
entitled to vote at the meeting. Included are proposals to revise the
fund's management fee calculation to provide for lower fees when FMR's
assets under management exceed $210 billion, to revise the performance
adjustment calculation by rounding the investment performance of both
the fund and the comparative index to the nearest 0.01%, rather than
the nearest 1.00%, and to allow FMR and the trust, on behalf of the
fund, to modify the management contract subject to the requirements of
the Investment Company Act of 1940.
For more detailed information concerning the proposals under
consideration, please contact Fidelity at 1-800-544-6666 to request a
free copy of the proxy statement.
The following information replaces similar information found in the
"Fund Management" section on page 21.
(small solid bullet) Fidelity Management & Research Far East Inc. (FMR
Far East) serves as a sub-adviser for the fund. FMR Far East was
organized in 1986 to provide investment research and advice to FMR.
Currently, FMR Far East provides investment research and advice on
issuers based outside the United States and may also provide
investment advisory services for the fund.
The following information supplements similar information found in the
"Fund Management" section on page 21.
(small solid bullet) Fidelity Investments Japan Ltd. (FIJ), in Tokyo,
Japan, serves as a sub-adviser for the fund. As of September 28, 1999,
FIJ had approximately $16.3 billion in discretionary assets under
management. Currently, FIJ provides investment research and advice on
issuers based outside the United States for the fund.
The following information replaces similar information found in the
"Fund Management" section on page 22.
FMR pays FMR U.K. and FMR Far East for providing sub-advisory
services. FMR Far East pays FIJ for providing sub-advisory services.
SUPPLEMENT TO THE FIDELITY DIVIDEND GROWTH FUND SEPTEMBER 29, 1999
PROSPECTUS
SHAREHOLDER MEETING. On or about June 14, 2000, a meeting of
the shareholders of Fidelity Dividend Growth Fund will be held to vote
on various proposals, including modifications to the fund's management
contract. Shareholders of record on April 18, 2000 are entitled to
vote at the meeting. Included are proposals to revise the fund's
management fee calculation to provide for lower fees when FMR's assets
under management exceed $210 billion, to revise the performance
adjustment calculation by rounding the investment performance of both
the fund and the comparative index to the nearest 0.01%, rather than
the nearest 1.00%, and to allow FMR and the trust, on behalf of the
fund, to modify the management contract subject to the requirements of
the Investment Company Act of 1940.
For more detailed information concerning the proposals under
consideration, please contact Fidelity at 1-800-544-6666 to request a
free copy of the proxy statement.
The following information replaces similar information found in the
"Fund Management" section on page 21.
(small solid bullet) Fidelity Management & Research Far East Inc. (FMR
Far East) serves as a sub-adviser for the fund. FMR Far East was
organized in 1986 to provide investment research and advice to FMR.
Currently, FMR Far East provides investment research and advice on
issuers based outside the United States and may also provide
investment advisory services for the fund.
The following information supplements similar information found in the
"Fund Management" section on page 21.
(small solid bullet) Fidelity Investments Japan Ltd. (FIJ), in Tokyo,
Japan, serves as a sub-adviser for the fund. As of September 28, 1999,
FIJ had approximately $16.3 billion in discretionary assets under
management. Currently, FIJ provides investment research and advice on
issuers based outside the United States for the fund.
The following information replaces similar information found in the
"Fund Management" section on page 22.
FMR pays FMR U.K. and FMR Far East for providing sub-advisory
services. FMR Far East pays FIJ for providing sub-advisory services.
SUPPLEMENT TO THE FIDELITY GROWTH & INCOME PORTFOLIO SEPTEMBER 29,
1999 PROSPECTUS
SHAREHOLDER MEETING. On or about June 14, 2000, a meeting of
the shareholders of Fidelity Growth & Income Portfolio will be held to
vote on various proposals. Shareholders of record on April 18, 2000
are entitled to vote at the meeting.
For more detailed information concerning the proposals under
consideration, please contact Fidelity at 1-800-544-6666 to request a
free copy of the proxy statement.
The following information replaces similar information found under the
heading "Buying Shares" in the "Shareholder Information" section on
page 10.
Effective the close of business on April 3, 1998, the fund's shares
are no longer available to new accounts. Shareholders of the fund on
that date may continue to buy shares in accounts existing on that
date. Investors who did not own shares of the fund on April 3, 1998,
generally will not be allowed to buy shares of the fund except that
new accounts may be established: 1) by participants in most group
employer retirement plans (and their successor plans) if the fund had
been established as an investment option under the plans (or under
another plan sponsored by the same employer) by April 3, 1998, and 2)
for accounts managed on a discretionary basis by certain registered
investment advisers that have discretionary assets of at least $500
million invested in mutual funds and have included the fund in their
discretionary account program since April 3, 1998. These restrictions
generally will apply to investments made directly with Fidelity and
investments made through intermediaries. Investors may be required to
demonstrate eligibility to buy shares of the fund before an investment
is accepted.
The following information replaces similar information found in the
"Fund Management" section on page 21.
(small solid bullet) Fidelity Management & Research Far East Inc. (FMR
Far East) serves as a sub-adviser for the fund. FMR Far East was
organized in 1986 to provide investment research and advice to FMR.
Currently, FMR Far East provides investment research and advice on
issuers based outside the United States and may also provide
investment advisory services for the fund.
The following information supplements similar information found in the
"Fund Management" section on page 21.
(small solid bullet) Fidelity Investments Japan Limited (FIJ), in
Tokyo, Japan, serves as a sub-adviser for the fund. As of September
28, 1999, FIJ had approximately $16.3 billion in discretionary assets
under management. Currently, FIJ provides investment research and
advice on issuers based outside the United States for the fund.
The following information replaces similar information found in the
"Fund Management" section on page 22.
FMR pays FMR U.K. and FMR Far East for providing sub-advisory
services. FMR Far East pays FIJ for providing sub-advisory services.
