FIDELITY PURITAN TRUST
497, 1996-08-05
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SUPPLEMENT TO THE
FIDELITY PURITAN(registered trademark)  FUND
PROSPECTUS
DATED SEPTEMBER 29, 1995
Effective August 1, 1996, FMR has voluntarily agreed to reduce Fidelity
Puritan Fund's individual fund fee rate from .20% to .15%.
The following information replaces the similar information found in the
Expenses section beginning on page 4.
The following are projections based on historical expenses, adjusted to
reflect current fees, and are calculated as a percentage of average net
assets.
Management fee          .46%   
 
12b-1 fee               None   
 
Other expenses          .25%   
 
Total fund operating    .71%   
expenses                       
 
EXAMPLES: Let's say, hypothetically, that the fund's annual return is 5%
and that its operating expenses are exactly as just described. For every
$1,000 you invested, here's how much you would pay in total expenses if you
close your account after the number of years indicated:
After 1 year     $ 7    
 
After 3 years    $ 23   
 
After 5 years    $ 40   
 
After 10 years   $ 88   
 
The following information replaces the third paragraph under the heading
"Management Fee" in the Breakdown of Expenses section beginning on page 14.
For July 1995, the group fee rate was .3129%. Effective August 1, 1996, the
individual fund fee rate is .15%. The total management fee rate for fiscal
1995 was .52%.
The following information replaces the similar information found in the
Charter section beginning on page 8.
Bettina Doulton is lead manager and vice president of Puritan, which she
has managed since March 1996. She also manages Advisor Income & Growth, and
Advisor Annuity Income & Growth. Previously, she managed Value, Select
Automotive and served as a research analyst. Ms. Doulton joined Fidelity in
1986.
Kevin Grant is vice president of Puritan and manager of its fixed-income
investments, which he has managed since March 1996. He also manages Ginnie
Mae, Spartan Ginnie Mae, and Mortgage Securities. In addition, he manages
the fixed-income investments of Advisor Income & Growth and Advisor Annuity
Income & Growth. Previously, he was a vice president and chief mortgage
strategist for Morgan Stanley, and he served as an investment director at
Aetna Bond Investors. Mr. Grant joined Fidelity in 1993.



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