VARIABLE INSURANCE PRODUCTS FUNDS:
ASSET MANAGER PORTFOLIO AND ASSET MANAGER: GROWTH PORTFOLIO
SUPPLEMENT TO THE PROSPECTUS
DATED APRIL 30, 1996
Effective August 1, 1996, FMR has voluntarily agreed to reduce VIP II:
Asset Manager and Asset Manager: Growth Portfolios' individual fund fee
rates from .40% to .25% and .40% to .30%, respectively.
The following information replaces the fifth paragraph under the heading
"Management Fee" in the "Breakdown of Expenses" section:
For December 1995, the group fee rate was .3097% for Asset Manager and
Asset Manager: Growth Portfolios. Effective August 1, 1996, the individual
fund fee rate is .25% for Asset Manager Portfolio and .30% for Asset
Manager: Growth Portfolio. The total management fee rate for both Asset
Manager and Asset Manager: Growth Portfolios for fiscal 1995 was .71%.
VARIABLE INSURANCE PRODUCTS FUNDS
ASSET MANAGER PORTFOLIO
SUPPLEMENT TO THE PROSPECTUS
DATED APRIL 30, 1996
Effective August 1, 1996, FMR has voluntarily agreed to reduce VIP II:
Asset Manager Portfolio's individual fund fee rate from .40% to .25% .
The following information replaces the third paragraph under the heading
"Management Fee" in the "Breakdown of Expenses" section:
For December 1995, the group fee rate was .3097% for Asset Manager
Portfolio. Effective August 1, 1996, the individual fund fee rate is .25%
for Asset Manager Portfolio. The total management fee rate for Asset
Manager Portfolio for fiscal 1995 was .71%.
VARIABLE INSURANCE PRODUCTS FUNDS:
ASSET MANAGER: GROWTH PORTFOLIO
SUPPLEMENT TO THE PROSPECTUS
DATED APRIL 30, 1996
Effective August 1, 1996, FMR has voluntarily agreed to reduce VIP II:
Asset Manager: Growth Portfolio's individual fund fee rate from .40% to
.30%.
The following information replaces the third paragraph under the heading
"Management Fee" in the "Breakdown of Expenses" section:
For December 1995, the group fee rate was .3097% for Asset Manager: Growth
Portfolio. Effective August 1, 1996, the individual fund fee rate is .30%
for Asset Manager: Growth Portfolio. The total management fee rate for
Asset Manager: Growth Portfolio for fiscal 1995 was .71%.
