FIDELITY PURITAN FUND
SUPPLEMENT TO THE PROSPECTUS DATED SEPTEMBER 18, 1993
The following information replaces the fourth paragraph under the heading
"Share Price" on page 13:
The sales charge will 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: (i) by exchange from
another Fidelity fund; (ii) 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; (iii) 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; (iv) through the Directed Dividends Option
(see page 18); or (v) 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.
The following language replaces similar language found in the fifth
paragraph in the "Share Price" section beginning on page 13:
The fund's sales charge will not apply...(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 acting as custodian for a minor child, or a person
acting as trustee of a trust for the sole benefit of the minorchild of a
Fidelity trustee or employee;...(10) if you are a registered investment
adviser (RIA) purchasing for your discretionary accounts, provided you
execute a Fidelity RIA waiver agreement which specifies certain aggregate
minimum and operating provisions. Except for correspondents of National
financial Services Corporation, this waiver is available only for shares
purchased directly from Fidelity, and is unavailable if the RIA is part of
an organization principally engaged in the brokerage business;
PUR-94- 4 (continued) September 1 , 1994
FIDELITY PURITAN FUND
SUPPLEMENT TO THE PROSPECTUS DATED SEPTEMBER 18, 1993
The following information replaces the fourth paragraph under the heading
"Share Price" on page 13:
The sales charge will 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: (i) by exchange from
another Fidelity fund; (ii) 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; (iii) 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; (iv) through the Directed Dividends Option
(see page 18); or (v) 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.
The following language replaces similar language found in the fifth
paragraph in the "Share Price" section beginning on page 13:
The fund's sales charge will not apply...(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 acting as custodian for a minor child, or a person
acting as trustee of a trust for the sole benefit of the minorchild of a
Fidelity trustee or employee;...(10) if you are a registered investment
adviser (RIA) purchasing for your discretionary accounts, provided you
execute a Fidelity RIA waiver agreement which specifies certain aggregate
minimum and operating provisions. Except for correspondents of National
Financial Services Corporation, this waiver is available only for shares
purchased directly from Fidelity, and is unavailable if the RIA is part of
an organization principally engaged in the brokerage business;
PUR-94-4 (continued) September 1 , 1994
The following language supplements that found in the fifth paragraph in the
"Share Price" section beginning on page 13:
The fund's sales charge will not apply...(12) if you invest through a
non-prototype pension or profit-sharing plan that maintains all of its
mutual fund assets in Fidelity mutual funds, provided the plan executes a
Fidelity non-prototype sales charge waiver request form confirming its
qualification; (13) if you invest as part of a payroll deduction program
through an employer who is a member of the Fidelity Retirement Client
Advisory Group or the Fidelity Retail Advisory Group, provided the employer
enters into a Fidelity payroll deduction load waiver agreement which
specifies certain qualifying restrictions and operating provisions ; or
(14) to new and subsequent purchases of shares in UGMA/UTMA accounts,
including exchanges from identically registered UGMA/UTMA accounts in other
Fidelity funds .
The following language replaces that found in the sixth paragraph in the
"Share Price" section beginning on page 13:
These waivers must be qualified through FDC in advance. More detailed
information about waivers (1), (2), (5), (9), (10), and (13) is contained
in the Statement of Additional Information. A representative of your plan
or organization should call Fidelity for more information.
The following information replaces similar language found in the seventh
paragraph under the heading "Share Price" beginning on page 13:
The sales charge paid to qualified recipients is 1.5% of the fund's
offering price.
The following information supplements the table entitled "How to Buy
Shares" on page 13:
For Uniform Gifts/Transfers to Minors (UGMA/UTMA) accounts, the minimum
initial investment is $1,000.
The following information supplements that found in the "Investment
Requirements to Remember" section beginning on page 16:
The minimum initial or subsequent investment may vary for a Fidelity
Investor Card account, a Fidelity College Savings Plan account, or a
Fidelity Payroll Deduction Program account in the fund. Refer to the
appropriate program materials for details.
The following language supplements that found in the fifth paragraph in the
"Share Price" section beginning on page 13:
The fund's sales charge will not apply...(12) if you invest through a
non-prototype pension or profit-sharing plan that maintains all of its
mutual fund assets in Fidelity mutual funds, provided the plan executes a
Fidelity non-prototype sales charge waiver request form confirming its
qualification; (13) if you invest as part of a payroll deduction program
through an employer who is a member of the Fidelity Retirement Client
Advisory Group or the Fidelity Retail Advisory Group, provided the employer
enters into a Fidelity payroll deduction load waiver agreement which
specifies certain qualifying restrictions and operating provisions ; or
(14) to new and subsequent purchases of shares in UGMA/UTMA accounts,
including exchanges from identically registered UGMA/UTMA accounts in other
Fidelity funds.
The following language replaces that found in the sixth paragraph in the
"Share Price" section beginning on page 13:
These waivers must be qualified through FDC in advance. More detailed
information about waivers (1), (2), (5), (9), (10), and (13) is contained
in the Statement of Additional Information. A representative of your plan
or organization should call Fidelity for more information.
The following information replaces similar language found in the seventh
paragraph under the heading "Share Price" beginning on page 13:
The sales charge paid to qualified recipients is 1.5% of the fund's
offering price.
The following information supplements the table entitled "How to Buy
Shares" on page 13:
For Uniform Gifts/Transfers to Minors (UGMA/UTMA) accounts, the minimum
initial investment is $1,000.
The following information supplements that found in the "Investment
Requirements to Remember" section beginning on page 16:
The minimum initial or subsequent investment may vary for a Fidelity
Investor Card account, a Fidelity College Savings Plan account, or a
Fidelity Payroll Deduction Program account in the fund. Refer to the
appropriate program materials for details.
FIDELITY PURITAN FUND
A FUND OF FIDELITY PURITAN TRUST
SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION
DATED SEPTEMBER 18, 1993
The following language supplements that found under the heading
"Performance" beginning on page 11.
The fund may be advertised as an investment choice under the Fidelity
College Savings Plan or the Fidelity Investor Card mutual fund option.
Advertising may contain illustrations of projected future college costs
based on assumed rates of inflation and examples of hypothetical
performance. Advertising for the Fidelity College Savings Plan mutual fund
option may be used in conjunction with advertising for the Fidelity College
Savings Plan brokerage option, a product offered through Fidelity Brokerage
Services, Inc. The Fidelity Investor Card is a product offered through
Fidelity Trust Company.
MANAGEMENT CONTRACT. Effective August 1, 1994, 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.
The following information replaces the "Group Fee Rate" and "Effective
Annual Fee Rate" schedules found on page 18.
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 .3249
36 - 42 .340 250 .3219
42 - 48 .335 275 .3190
48 - 66 .325 300 .3163
66 - 84 .320 325 .3137
84 - 102 .315 350 .3113
102 - 138 .310 375 .3090
138 - 174 .305 400 .3067
174 - 210 .300
210 - 246 .295
246 - 282 .290
282 - 318 .285
318 - 354 .280
354 - 390 .275
Over 390 .270
PURB-94-4 (continued) September 1, 1994
The following paragraph replaces the third paragraph under the heading
"Additional Purchase and Redemption Information" beginning on page 14.
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 above.
The following language replaces that found in item (8) under the heading
"Additional Purchase and Redemption Information" on page 14.
(8) 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;
The following language supplements that found in the second paragraph under
the heading "Additional Purchase and Redemption Information" on page 14.
(11) if you are a registered investment adviser (RIA) purchasing for your
discretionary accounts, provided you execute a Fidelity RIA load waiver
agreement which specifies certain aggregate minimum and operating
provisions. This waiver is available only for shares purchased directly
from Fidelity, without a broker, unless purchased through a brokerage firm
which is correspondent of National Financial Services Corporation (NFSC).
The waiver is unavailable, however, if the RIA is part of an organization
principally engaged in the brokerage business, unless the brokerage firm in
the organization is an NFSC correspondent; (12) 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
organization not principally engaged in banking or trust activities; (13)
to shares purchased as part of a pension or profit-sharing plan as defined
in Section 401(a) of the Internal Revenue Code that maintains all of its
mutual fund assets in Fidelity mutual funds, provided the plan executes a
Fidelity non-prototype sales charge waiver request form confirming its
qualification; (14) to shares purchased as part of a payroll deduction
program (including shares purchased in an amount not greater than $5,000 by
participants in the program within three months of the commencement of
their participation in the program from sources other than payroll
deduction) through an employer who has entered into a Fidelity payroll
deduction load waiver agreement and who (i) is a member of the Fidelity
Retirement Client Advisory Group and maintains an employee benefit plan
that either qualifies for exemption (1) above or is in the CORPORATEplan
for Retirement Program and has at least some of its plan assets in
Fidelity-managed products, or (ii) is a member of the Fidelity Retail
Advisory Group and has more than 500 employees; or (15) if you purchase
new or subsequent shares in a Uniform Gifts to Minors/Uniform Transfers to
Minors account.
