VARIABLE INSURANCE PRODUCTS FUND II:
ASSET MANAGER PORTFOLIO
SUPPLEMENT TO THE PROSPECTUS DATED APRIL 30, 1994
Andrew Offit is vice president and manager of VIPII Asset Manager
Portfolio, which he has managed since February 1995. Mr. Offit also
manages VIPII Asset Manager: Growth Portfolio and Fidelity Canada Asset
Manager. He managed Fidelity Convertible Securities Fund from 1992 to
February 1995. Mr. Offit joined Fidelity in 1987 as a research analyst for
the hospital supply, medical technology, drug distribution and retail drug
sectors. He subsequently managed the Fidelity Select Biotechnology and
Fidelity Select Health Care Portfolios. He also was assistant fund manager
for Fidelity Growth & Income Fund and Fidelity Magellan Fund.
VIPII-95-1 February 24, 1995
