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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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008 A000801 FIDELITY MANAGEMENT & RESEARCH COMPANY
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008 A000802 FIDELITY MANAGEMENT & RESEARCH (U.K.) INC.
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<PAGE> PAGE 22
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<PAGE> PAGE 24
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SIGNATURE JOHN H. COSTELLO
TITLE ASSISTANT TREASURER
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1,241,471
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6,539
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134
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17,080
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0
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29,119
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0
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431,837
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1,719,507
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14,934
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11,930
<OTHER-INCOME>
0
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9,615
<NET-INVESTMENT-INCOME>
17,249
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29,400
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261,670
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308,319
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0
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67
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233
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0
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6,429
<NUMBER-OF-SHARES-REDEEMED>
40
<SHARES-REINVESTED>
16
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691,151
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11,667
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41,678
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0
<OVERDIST-NET-GAINS-PRIOR>
0
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8,011
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0
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9,695
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66,401
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19.270
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.230
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4.300
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.210
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.730
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0
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22.860
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80
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0
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0
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32
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