VARIABLE INSURANCE PRODUCTS FUND II:
ASSET MANAGER
PORTFOLIO AND
ASSET MANAGER:
GROWTH PORTFOLIO
SUPPLEMENT TO THE
PROSPECTUS
DATED APRIL 30, 1995
The following information supplements that found under the section entitled
"FMR and its Affiliates . "
Michael S. Gray, Richard C. Habermann and George Vanderheiden are managers
of VIPII: Asset Manager Portfolio and Asset Manager: Growth Portfolio.
Mr. Gray is vice president of VIPII: Asset Manager Portfolio and Asset
Manager: Growth Portfolio and manger of the funds' fixed-income investments
since March 1996. He co-manages Fidelity Balanced Fund, Fidelity
Puritan Fund, Fidelity Asset Manager, Fidelity Asset Manager: Growth
and Fidelity Asset Manager: Income. He also manages Fidelity Investment
Grade Bond Fund and Spartan Investment Grade Bond Fund. Previously he
managed Fidelity Advisor Limited Term Bond Fund, Fidelity Mortgage
Securities Fund , Fidelity Ginnie Mae Fund , Fidelity
Government Securities Fund and Fidelity Intermediate Bond Fund. Mr.
Gray joined Fidelity in 1982.
Mr. Habermann is vice president and lead manger of VIPII: Asset
Manager Portfolio and Asset Manager: Growth Portfolio, which he has managed
since March 1996. He co-manages Fidelity Asset Manager, Fidelity
Asset Manager: Growth and Fidelity Asset Manager: Income. Mr.
Habermann is the division head for international equities and director
of international research for the company . He joined Fidelity in
1968.
Mr Vanderheiden is vice president of VIPII: Asset Manager Portfolio and
Asset Manager: Growth Portfolio and manager of the funds' equity
investments since March 1996. He co-manages Fidelity Asset Manager,
Fidelity Asset Manager: Growth and Fidelity Asset Manager: Income. He also
manages Fidelity Destiny I and II and Fidelity Advisor Growth Opportunities
Fund. Mr. Vanderheiden serves as leader of the growth funds group
and joined Fidelity in 1971.
