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NASL SERIES TRUST
Supplement to Prospectus dated May 1, 1996
David Felman has replaced Robert Stansky as the person primarily
responsible for the day-to-day management of the Equity Trust. Mr. Felman has
been employed by Fidelity since June, 1993. Prior to managing the Equity Trust,
Mr. Felman held the following positions at Fidelity: portfolio manager of the
Select Telecommunications portfolio (April, 1994 to June, 1996), portfolio
manager of the Select Chemical portfolio (January, 1995 to July, 1995),
assistant to the portfolio manager of the Magellan Fund (December, 1994 to June,
1996) and research analyst (prior to April, 1994). Mr. Felman received an A.M.
from Harvard in 1993, a M.B.A. from NYU in 1991 and a B.A. from Columbia in
1988.
THE DATE OF THIS SUPPLEMENT IS JUNE 11, 1996
