0000081205 fpt1:S000007151Member fpt1:RetailMember fpt1:C000019555Member 2011-10-31 2012-10-30 0000081205 fpt1:S000007151Member fpt1:KMember fpt1:C000064274Member 2011-10-31 2012-10-30 0000081205 fpt1:S000007151Member fpt1:RetailMember 2011-10-31 2012-10-30 0000081205 fpt1:S000007153Member fpt1:KMember fpt1:C000064276Member 2011-10-31 2012-10-30 0000081205 fpt1:S000007151Member fpt1:KMember 2011-10-31 2012-10-30 0000081205 fpt1:S000007153Member fpt1:RetailMember fpt1:C000019557Member 2011-10-31 2012-10-30 0000081205 fpt1:S000007153Member fpt1:KMember 2011-10-31 2012-10-30 0000081205 fpt1:S000007153Member fpt1:RetailMember 2011-10-31 2012-10-30 0000081205 fpt1:S000007153Member fpt1:KMember fpt1:SAndPFiveHundredIndexMember 2011-10-31 2012-10-30 0000081205 fpt1:S000007153Member fpt1:KMember fpt1:FidelityPuritanCompositeIndexMember 2011-10-31 2012-10-30 0000081205 fpt1:S000007151Member fpt1:KMember fpt1:SAndPFiveHundredIndexMember 2011-10-31 2012-10-30 0000081205 fpt1:S000007151Member fpt1:KMember fpt1:FidelityBalancedHybridCompositeIndexMember 2011-10-31 2012-10-30 0000081205 2011-10-31 2012-10-30 0000081205 fpt1:S000007151Member fpt1:RetailMember rr:AfterTaxesOnDistributionsMember fpt1:C000019555Member 2011-10-31 2012-10-30 0000081205 fpt1:S000007151Member fpt1:RetailMember fpt1:ReturnBeforeTaxesMember fpt1:C000019555Member 2011-10-31 2012-10-30 0000081205 fpt1:S000007151Member fpt1:RetailMember rr:AfterTaxesOnDistributionsAndSalesMember fpt1:C000019555Member 2011-10-31 2012-10-30 0000081205 fpt1:S000007151Member fpt1:RetailMember fpt1:SAndPFiveHundredIndexMember 2011-10-31 2012-10-30 0000081205 fpt1:S000007151Member fpt1:RetailMember fpt1:FidelityBalancedHybridCompositeIndexMember 2011-10-31 2012-10-30 0000081205 fpt1:S000007153Member fpt1:RetailMember fpt1:ReturnBeforeTaxesMember fpt1:C000019557Member 2011-10-31 2012-10-30 0000081205 fpt1:S000007153Member fpt1:RetailMember rr:AfterTaxesOnDistributionsMember fpt1:C000019557Member 2011-10-31 2012-10-30 0000081205 fpt1:S000007153Member fpt1:RetailMember rr:AfterTaxesOnDistributionsAndSalesMember fpt1:C000019557Member 2011-10-31 2012-10-30 0000081205 fpt1:S000007153Member fpt1:RetailMember fpt1:SAndPFiveHundredIndexMember 2011-10-31 2012-10-30 0000081205 fpt1:S000007153Member fpt1:RetailMember fpt1:FidelityPuritanCompositeIndexMember 2011-10-31 2012-10-30 pure iso4217:USD 2012-09-30 2012-09-30 <div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelityBalancedFund column period compact * ~</div> 2012-09-30 <div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelityBalancedFundClassK column period compact * ~</div> 2012-09-30 335 0.2824 269 269 329 0.222 <div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelityPuritanFundClassK column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelityPuritanFund column period compact * ~</div> Fund Summary Fund/Class: Fidelity® Balanced Fund/Fidelity Balanced Fund The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 155% of the average value of its portfolio. www.fidelity.com 0.1266 Fund Summary Fund/Class: Fidelity® Puritan® Fund/Fidelity Puritan Fund The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 141% of the average value of its portfolio. Fund Summary Fund/Class: Fidelity® Balanced Fund/K The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 155% of the average value of its portfolio. www.fidelity.com www.401k.com and log in for updated return information 0.1278 0.1376 www.401k.com and log in for updated return information Fund Summary Fund/Class: Fidelity® Puritan® Fund/K The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 141% of the average value of its portfolio. 0.1362 Shareholder fees (fees paid directly from your investment) Annual class operating expenses (expenses that you pay each year as a % of the value of your investment) <table border="1" width="95%"><tr><td><div align="left">During the periods shown in the chart: </div></td><td valign="bottom" align="center"><div align="center">Returns </div></td><td valign="bottom" align="center"><div align="center">Quarter ended</div></td></tr><tr><td><div align="left">Highest Quarter Return </div></td><td><div align="right">14.94% </div></td><td><div align="left">June 30, 2003</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">-15.88% </div></td><td><div align="left">December 31, 2008</div></td></tr><tr><td><div align="left">Year-to-Date Return </div></td><td><div align="right">12.66% </div></td><td><div align="left">September 30, 2012</div></td></tr></table> The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time. Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares. 61 <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualClassOperatingExpensesFidelityBalancedFund column period compact * ~</div> 49 2008-05-09 2008-05-09 2008-05-09 Shareholder fees (fees paid directly from your investment) Annual class operating expenses (expenses that you pay each year as a % of the value of your investment) Shareholder fees (fees paid directly from your investment) Annual class operating expenses (expenses that you pay each year as a % of the value of your investment) <table border="1" width="95%"><tr><td><div align="left">During the periods shown in the chart: </div></td><td valign="bottom" align="center"><div align="center">Returns </div></td><td valign="bottom" align="center"><div align="center">Quarter ended</div></td></tr><tr><td><div align="left">Highest Quarter Return </div></td><td><div align="right">12.81% </div></td><td><div align="left">June 30, 2009</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">-15.49% </div></td><td><div align="left">December 31, 2008</div></td></tr><tr><td><div align="left">Year-to-Date Return </div></td><td><div align="right">13.62% </div></td><td><div align="left">September 30, 2012</div></td></tr></table> <table border="1" width="95%"><tr><td><div align="left">During the periods shown in the chart: </div></td><td valign="bottom" align="center"><div align="center">Returns </div></td><td valign="bottom" align="center"><div align="center">Quarter ended</div></td></tr><tr><td><div align="left">Highest Quarter Return </div></td><td><div align="right">13.70% </div></td><td><div align="left">June 30, 2009</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">-8.44% </div></td><td><div align="left">September 30, 2011</div></td></tr><tr><td><div align="left">Year-to-Date Return </div></td><td><div align="right">12.78% </div></td><td><div align="left">September 30, 2012</div></td></tr></table> The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time. Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time. 49 2008-05-09 2008-05-09 2008-05-09 The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time. Shareholder fees (fees paid directly from your investment) Annual class operating expenses (expenses that you pay each year as a % of the value of your investment) <table border="1" width="95%"><tr><td><div align="left">During the periods shown in the chart: </div></td><td valign="bottom" align="center"><div align="center">Returns </div></td><td valign="bottom" align="center"><div align="center">Quarter ended</div></td></tr><tr><td><div align="left">Highest Quarter Return </div></td><td><div align="right">12.77% </div></td><td><div align="left">June 30, 2009</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">-9.68% </div></td><td><div align="left">September 30, 2011</div></td></tr><tr><td><div align="left">Year-to-Date Return </div></td><td><div align="right">13.76% </div></td><td><div align="left">September 30, 2012</div></td></tr></table> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualClassOperatingExpensesFidelityBalancedFundClassK column period compact * ~</div> 60 <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualClassOperatingExpensesFidelityPuritanFundClassK column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualclassoperatingexpensesFidelityPuritanFund column period compact * ~</div> 485BPOS 2012-08-31 FIDELITY PURITAN TRUST 2012-10-29 Investment Objective The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. This example helps compare the cost of investing in the fund with the cost of investing in other mutual funds. Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: Principal Investment Strategies Average Annual Returns After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares. For the periods ended December 31, 2011 You could lose money by investing in the fund. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. 192 -0.0849 0.0168 0.0505 0.0596 0.0483 0.0292 0.0514 0.1494 2008-12-31 <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityBalancedFundBarChart column period compact * ~</div> 154 0.0074 Investment Objective The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. This example helps compare the cost of investing in the fund with the cost of investing in other mutual funds. Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: Principal Investment Strategies Investment Objective The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. Average Annual Returns Principal Investment Strategies After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares. For the periods ended December 31, 2011 Average Annual Returns For the periods ended December 31, 2011 This example helps compare the cost of investing in the fund with the cost of investing in other mutual funds. Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: You could lose money by investing in the fund. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. You could lose money by investing in the fund. 0.137 2011-09-30 154 0.0176 0.1277 2011-09-30 You could lose money by investing in the fund. Investment Objective The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. This example helps compare the cost of investing in the fund with the cost of investing in other mutual funds. Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: Principal Investment Strategies Average Annual Returns For the periods ended December 31, 2011 189 -0.0791 <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityBalancedFundClassKBarChart column period compact * ~</div> 0.0067 0.1281 2008-12-31 0.0492 0.0381 0.0382 0.0292 0.0536 <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityPuritanFundClassKBarChart column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityPuritanFundBarChart column period compact * ~</div> 0000081205 false 2012-10-30 2012-10-30 Fee Table Portfolio Turnover <ul><li>Investing approximately 60% of assets in stocks and other equity securities and the remainder in bonds and other debt securities, including lower-quality debt securities, when its outlook is neutral.</li><li>Investing at least 25% of total assets in fixed-income senior securities (including debt securities and preferred stock).</li><li>Investing in domestic and foreign issuers.</li><li>With respect to the fund's equity investments, allocating the fund's assets across different market sectors (at present, consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, telecom services, and utilities), using different Fidelity managers.</li><li>With respect to the fund's equity investments, investing in either "growth" stocks or "value" stocks or both.</li><li>Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.</li><li>Investing in Fidelity's central funds (specialized investment vehicles used by Fidelity funds to invest in particular security types or investment disciplines).</li></ul> <ul><li>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.</li><li>Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.</li><li>Foreign Exposure. Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market.</li><li>Prepayment. The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.</li><li>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</li></ul>An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund. Performance Year-by-Year Returns Calendar Years Past performance (before and after taxes) is not an indication of future performance. After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. 0 0 0.0019 0.006 0.1094 0.1068 0.0899 -0.3131 0.2805 0.1376 0.0168 0.0139 0.0148 0.0211 0.0469 2003-06-30 Lowest Quarter Return Year-to-Date Return Fidelity Balanced Fund Fidelity Balanced Fund Fidelity Balanced Fund Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund Shares S&P 500® Index Fidelity Balanced Hybrid Composite IndexSM <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelityBalancedFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityBalancedFund column period compact * ~</div> 0 0 0.0007 0.0048 0.2698 0.1418 0.0074 0.0211 0.0469 0.0198 -0.0047 0.0242 Fee Table Portfolio Turnover <ul><li>Investing approximately 60% of assets in stocks and other equity securities and the remainder in bonds and other debt securities, including lower-quality debt securities, when its outlook is neutral. </li><li>Investing at least 25% of total assets in fixed-income senior securities (including debt securities and preferred stock). </li><li>Investing in domestic and foreign issuers.</li><li>With respect to the fund's equity investments, investing in either "growth" stocks or "value" stocks or both. </li><li>Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.</li><li>Investing in Fidelity's central funds (specialized investment vehicles used by Fidelity funds to invest in particular security types or investment disciplines). </li></ul> <ul><li>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.</li><li>Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.</li><li>Foreign Exposure. Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market.</li><li>Prepayment. The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.</li><li>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</li></ul>An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund. Performance Year-by-Year Returns Calendar Years Fee Table Portfolio Turnover Year-by-Year Returns Calendar Years Performance <ul><li>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.</li><li>Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.</li><li>Foreign Exposure. Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market.</li><li>Prepayment. The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.</li><li>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</li></ul>An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund. <ul><li>Investing approximately 60% of assets in stocks and other equity securities and the remainder in bonds and other debt securities, including lower-quality debt securities, when its outlook is neutral.</li><li>Investing at least 25% of total assets in fixed-income senior securities (including debt securities and preferred stock).</li><li>Investing in domestic and foreign issuers.</li><li>With respect to the fund's equity investments, allocating the fund's assets across different market sectors (at present, consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, telecom services, and utilities), using different Fidelity managers.</li><li>With respect to the fund's equity investments, investing in either "growth" stocks or "value" stocks or both.</li><li>Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.</li><li>Investing in Fidelity's central funds (specialized investment vehicles used by Fidelity funds to invest in particular security types or investment disciplines).</li></ul> Past performance (before and after taxes) is not an indication of future performance. After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Past performance is not an indication of future performance. 2009-06-30 Lowest Quarter Return Year-to-Date Return S&P 500® Index Fidelity Balanced Hybrid Composite IndexSM 0 0 0.0007 0.0048 0.2829 0.1392 0.0176 0.0211 0.0469 0.0119 -0.0047 0.0289 Year-to-Date Return 2009-06-30 Lowest Quarter Return Past performance is not an indication of future performance. Fee Table Portfolio Turnover Year-by-Year Returns Calendar Years Performance 0.00 0 Class K 0.0018 0.0059 S&P 500® Index Fidelity Puritan Composite IndexSM 0.0928 0.0467 0.0617 -0.2916 0.2669 0.1404 <div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityBalancedFundClassK column period compact * ~</div> 2009-06-30 Lowest Quarter Return Year-to-Date Return 0.0067 0.0038 0.0083 0.0211 0.0469 Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund Shares S&P 500® Index Fidelity Puritan Composite IndexSM Fidelity Puritan Fund Fidelity Puritan Fund Fidelity Puritan Fund <ul><li>Investing approximately 60% of assets in stocks and other equity securities and the remainder in bonds and other debt securities, including lower-quality debt securities, when its outlook is neutral.</li><li>Investing at least 25% of total assets in fixed-income senior securities (including debt securities and preferred stock).</li><li>Investing in domestic and foreign issuers.</li><li>With respect to the fund's equity investments, investing in either "growth" stocks or "value" stocks or both.</li><li>Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.</li><li>Investing in Fidelity's central funds (specialized investment vehicles used by Fidelity funds to invest in particular security types or investment disciplines).</li></ul> <ul><li>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.</li><li>Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.</li><li>Foreign Exposure. Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market.</li><li>Prepayment. The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.</li><li>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</li></ul>An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund. <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelityPuritanFundClassK column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityPuritanFundClassK column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityPuritanFund column period compact * ~</div> Class K The fund seeks income and capital growth consistent with reasonable risk. Principal Investment Risks The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the Additional Information about the Indexes section of the prospectus. Past performance (before and after taxes) is not an indication of future performance. Visit www.fidelity.com for updated return information. 1.55 An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. 0.0041 750 0.1165 0.0209 0.0131 0.0149 -0.0025 0.0258 Highest Quarter Return -0.1588 0.0041 604 The fund seeks income and capital growth consistent with reasonable risk. Principal Investment Risks The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the Additional Information about the Indexes section of the prospectus. Past performance (before and after taxes) is not an indication of future performance. Visit www.fidelity.com for updated return information. The fund seeks income and capital growth consistent with reasonable risk. Principal Investment Risks 1.41 An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the Additional Information about the Indexes section of the prospectus. Past performance is not an indication of future performance. Visit www.401k.com and log in for updated return information. 1.55 An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Highest Quarter Return -0.0844 0.0041 604 Highest Quarter Return -0.0968 An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. 1.41 The fund seeks income and capital growth consistent with reasonable risk. Principal Investment Risks The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the Additional Information about the Indexes section of the prospectus. Past performance is not an indication of future performance. Visit www.401k.com and log in for updated return information. 0.0041 738 0.1478 Highest Quarter Return -0.1549 0.0181 0.0089 0.0123 -0.0025 0.0188 <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelityPuritanFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelityBalancedFundClassK column period compact * ~</div> From May 9, 2008.