497 1 main.htm

Supplement to the

Fidelity^® Series Inflation-Protected Bond Index Fund

A Class of shares of Fidelity Series Inflation-Protected Bond Index Fund

A Fund of Fidelity Salem Street Trust (formerly Fidelity Fixed-Income Trust)

STATEMENT OF ADDITIONAL INFORMATION

February 29, 2012

The following information supplements information found in the "Management Contract" section beginning on page 29.

The following table provides information relating to other accounts managed by Mr. Bembenek as of March 31, 2012:

	Registered Investment Companies*	Other Pooled Investment Vehicles	Other Accounts
Number of Accounts Managed	6	2	none
Number of Accounts Managed with Performance-Based Advisory Fees	none	none	none
Assets Managed (in millions)	$ 24,384	$ 1,359	none
Assets Managed with Performance-Based Advisory Fees (in millions)	none	none	none

* Includes Fidelity Series Inflation-Protected Bond Index Fund ($7,556 (in millions) assets managed).

As of March 31, 2012, the dollar range of shares of Fidelity Series Inflation-Protected Bond Index Fund beneficially owned by Mr. Bembenek was none.

SIB-SB-12-01		May 10, 2012
1.918643.103

Supplement to the

Fidelity^® Series Inflation-Protected Bond Index Fund
Class F

A Fund of Fidelity Salem Street Trust (formerly Fidelity Fixed-Income Trust)

STATEMENT OF ADDITIONAL INFORMATION

February 29, 2012

The following information supplements information found in the "Management Contract" section beginning on page 29.

The following table provides information relating to other accounts managed by Mr. Bembenek as of March 31, 2012:

	Registered Investment Companies*	Other Pooled Investment Vehicles	Other Accounts
Number of Accounts Managed	6	2	none
Number of Accounts Managed with Performance-Based Advisory Fees	none	none	none
Assets Managed (in millions)	$ 24,384	$ 1,359	none
Assets Managed with Performance-Based Advisory Fees (in millions)	none	none	none

* Includes Fidelity Series Inflation-Protected Bond Index Fund ($7,556 (in millions) assets managed).

As of March 31, 2012, the dollar range of shares of Fidelity Series Inflation-Protected Bond Index Fund beneficially owned by Mr. Bembenek was none.

SIB-FB-12-01		May 10, 2012
1.918645.103

Supplement to the

Fidelity^® Inflation-Protected Bond Fund (FINPX)

A Class of shares of Fidelity Inflation-Protected Bond Fund

A Fund of Fidelity Fixed-Income Trust

STATEMENT OF ADDITIONAL INFORMATION

May 28, 2011

Effective October 14, 2011, Fidelity Fixed-Income Trust was renamed Fidelity Salem Street Trust.

Franco Castagliuolo serves as co-manager of the fund. The following information supplements similar information found in the "Management Contract" section beginning on page 28.

Franco Castagliuolo is co-manager of Fidelity^® Inflation-Protected Bond Fund and receives compensation for his services. As of March 31, 2012, portfolio manager compensation generally consists of a fixed base salary determined periodically (typically annually), a bonus, in certain cases, participation in several types of equity-based compensation plans, and, if applicable, relocation plan benefits. A portion of the portfolio manager's compensation may be deferred based on criteria established by FMR or at the election of the portfolio manager.

The portfolio manager's base salary is determined by level of responsibility and tenure at FMR or its affiliates. The primary components of the portfolio manager's bonus are based on (i) the pre-tax investment performance of the portfolio manager's fund(s) and account(s) measured against a benchmark index assigned to each fund or account, and (ii) the investment performance of other FMR taxable bond funds and accounts. The pre-tax investment performance of the portfolio manager's fund(s) and account(s) is weighted according to his tenure on those fund(s) and account(s) and the average asset size of those fund(s) and account(s) over his tenure. Each component is calculated separately over the portfolio manager's tenure on those fund(s) and account(s) over a measurement period that initially is contemporaneous with his tenure, but that eventually encompasses rolling periods of up to three years for the comparison to a benchmark index. A smaller, subjective component of the portfolio manager's bonus is based on the portfolio manager's overall contribution to management of FMR. The portion of the portfolio manager's bonus that is linked to the investment performance of Fidelity Inflation-Protected Bond Fund is based on the pre-tax investment performance of the fund measured against the Barclays^® U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). The portfolio manager also is compensated under equity-based compensation plans linked to increases or decreases in the net asset value of the stock of FMR LLC, FMR's parent company. FMR LLC is a diverse financial services company engaged in various activities that include fund management, brokerage, retirement and employer administrative services. If requested to relocate their primary residence, portfolio managers also may be eligible to receive benefits, such as home sale assistance and payment of certain moving expenses, under relocation plans for most full-time employees of FMR LLC and its affiliates.

The portfolio manager's compensation plan may give rise to potential conflicts of interest. Although investors in the fund may invest through either tax-deferred accounts or taxable accounts, the portfolio manager's compensation is linked to the pre-tax performance of the fund, rather than its after-tax performance. The portfolio manager's base pay tends to increase with additional and more complex responsibilities that include increased assets under management and a portion of the bonus relates to marketing efforts, which together indirectly link compensation to sales. When a portfolio manager takes over a fund or an account, the time period over which performance is measured may be adjusted to provide a transition period in which to assess the portfolio. The management of multiple funds and accounts (including proprietary accounts) may give rise to potential conflicts of interest if the funds and accounts have different objectives, benchmarks, time horizons, and fees as the portfolio manager must allocate his time and investment ideas across multiple funds and accounts. In addition, a fund's trade allocation policies and procedures may give rise to conflicts of interest if the fund's orders do not get fully executed due to being aggregated with those of other accounts managed by FMR or an affiliate. The portfolio manager may execute transactions for another fund or account that may adversely impact the value of securities held by a fund. Securities selected for other funds or accounts may outperform the securities selected for the fund. Portfolio managers may be permitted to invest in the funds they manage, even if a fund is closed to new investors. Trading in personal accounts, which may give rise to potential conflicts of interest, is restricted by a fund's Code of Ethics.

IFBB-12-01		May 10, 2012
1.778252.113

The following table provides information relating to other accounts managed by Mr. Castagliuolo as of March 31, 2012:

	Registered Investment Companies*	Other Pooled Investment Vehicles	Other Accounts
Number of Accounts Managed	12	2	3
Number of Accounts Managed with Performance-Based Advisory Fees	none	none	2
Assets Managed (in millions)	$ 41,785	$ 923	$ 511
Assets Managed with Performance-Based Advisory Fees (in millions)	none	none	$ 501

* Includes Fidelity Inflation-Protected Bond Fund ($3,661 (in millions) assets managed).

As of March 31, 2012, the dollar range of shares of Fidelity Inflation-Protected Bond Fund beneficially owned by Mr. Castagliuolo was none.

Supplement to the

Fidelity Advisor^® Inflation-Protected Bond Fund

Class A (FIPAX), Class T (FIPTX), Class B (FBIPX), Class C (FIPCX), and Institutional Class (FIPIX)

Classes of shares of Fidelity^® Inflation-Protected Bond Fund

A Fund of Fidelity Fixed-Income Trust

STATEMENT OF ADDITIONAL INFORMATION

May 28, 2011

Effective October 14, 2011, Fidelity Fixed-Income Trust was renamed Fidelity Salem Street Trust.

Franco Castagliuolo serves as co-manager of the fund. The following information supplements similar information found in the "Management Contract" section beginning on page 28.

Franco Castagliuolo is co-manager of Fidelity Advisor^® Inflation-Protected Bond Fund and receives compensation for his services. As of March 31, 2012, portfolio manager compensation generally consists of a fixed base salary determined periodically (typically annually), a bonus, in certain cases, participation in several types of equity-based compensation plans, and, if applicable, relocation plan benefits. A portion of the portfolio manager's compensation may be deferred based on criteria established by FMR or at the election of the portfolio manager.

The portfolio manager's base salary is determined by level of responsibility and tenure at FMR or its affiliates. The primary components of the portfolio manager's bonus are based on (i) the pre-tax investment performance of the portfolio manager's fund(s) and account(s) measured against a benchmark index assigned to each fund or account, and (ii) the investment performance of other FMR taxable bond funds and accounts. The pre-tax investment performance of the portfolio manager's fund(s) and account(s) is weighted according to his tenure on those fund(s) and account(s) and the average asset size of those fund(s) and account(s) over his tenure. Each component is calculated separately over the portfolio manager's tenure on those fund(s) and account(s) over a measurement period that initially is contemporaneous with his tenure, but that eventually encompasses rolling periods of up to three years for the comparison to a benchmark index. A smaller, subjective component of the portfolio manager's bonus is based on the portfolio manager's overall contribution to management of FMR. The portion of the portfolio manager's bonus that is linked to the investment performance of Fidelity Advisor Inflation-Protected Bond Fund is based on the pre-tax investment performance of the fund measured against the Barclays^® U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). The portfolio manager also is compensated under equity-based compensation plans linked to increases or decreases in the net asset value of the stock of FMR LLC, FMR's parent company. FMR LLC is a diverse financial services company engaged in various activities that include fund management, brokerage, retirement and employer administrative services. If requested to relocate their primary residence, portfolio managers also may be eligible to receive benefits, such as home sale assistance and payment of certain moving expenses, under relocation plans for most full-time employees of FMR LLC and its affiliates.

AIFB/AIFBIB-12-01		May 10, 2012
1.789511.113

The following table provides information relating to other accounts managed by Mr. Castagliuolo as of March 31, 2012:

	Registered Investment Companies*	Other Pooled Investment Vehicles	Other Accounts
Number of Accounts Managed	12	2	3
Number of Accounts Managed with Performance-Based Advisory Fees	none	none	2
Assets Managed (in millions)	$ 41,785	$ 923	$ 511
Assets Managed with Performance-Based Advisory Fees (in millions)	none	none	$ 501

* Includes Fidelity Advisor Inflation-Protected Bond Fund ($3,661 (in millions) assets managed).

As of March 31, 2012, the dollar range of shares of Fidelity Advisor Inflation-Protected Bond Fund beneficially owned by Mr. Castagliuolo was none.

Supplement to the

Spartan^® U.S. Bond Index Fund

(formerly Fidelity^® U.S. Bond Index Fund)

Investor Class (FBIDX) and Fidelity Advantage^® Class (FSITX)

A Fund of Fidelity Salem Street Trust (formerly Fidelity Fixed-Income Trust)

STATEMENT OF ADDITIONAL INFORMATION

October 29, 2011

Alan Bembenek has replaced Ford O'Neil as the co-manager of the fund. All references to Ford O'Neil are no longer applicable.

The following information supplements similar information found in the "Management Contract" section beginning on page 27.

Alan Bembenek is co-manager of Spartan U.S. Bond Index Fund and receives compensation for his services. As of March 31, 2012, portfolio manager compensation generally consists of a fixed base salary determined periodically (typically annually), a bonus, in certain cases, participation in several types of equity-based compensation plans, and, if applicable, relocation plan benefits. A portion of the portfolio manager's compensation may be deferred based on criteria established by FMR or at the election of the portfolio manager.

The portfolio manager's base salary is determined by level of responsibility and tenure at FMR or its affiliates. The primary components of the portfolio manager's bonus are based on (i) the pre-tax investment performance of the portfolio manager's fund(s) and account(s) measured against a benchmark index (which may be a customized benchmark index developed by FMR) assigned to each fund or account, and (ii) the investment performance of other FMR taxable bond funds and accounts. The pre-tax investment performance of the portfolio manager's fund(s) and account(s) is weighted according to his tenure on those fund(s) and account(s) and the average asset size of those fund(s) and account(s) over his tenure. Each component is calculated separately over the portfolio manager's tenure on those fund(s) and account(s) over a measurement period that initially is contemporaneous with his tenure, but that eventually encompasses rolling periods of up to three years for the comparison to a benchmark index. A smaller, subjective component of the portfolio manager's bonus is based on the portfolio manager's overall contribution to management of FMR. The portion of the portfolio manager's bonus that is linked to the investment performance of Spartan U.S. Bond Index Fund is based on the fund's pre-tax investment performance relative to the performance of the fund's customized benchmark index. For the three-year period, the bonus takes into account the portfolio manager's performance in terms of his management of investment risk. The portfolio manager also is compensated under equity-based compensation plans linked to increases or decreases in the net asset value of the stock of FMR LLC, FMR's parent company. FMR LLC is a diverse financial services company engaged in various activities that include fund management, brokerage, retirement, and employer administrative services. If requested to relocate their primary residence, portfolio managers also may be eligible to receive benefits, such as home sale assistance and payment of certain moving expenses, under relocation plans for most full-time employees of FMR LLC and its affiliates.

UBIB-12-01		May 10, 2012
1.720407.117

The following table provides information relating to other accounts managed by Mr. Bembenek as of March 31, 2012:

	Registered Investment Companies*	Other Pooled Investment Vehicles	Other Accounts
Number of Accounts Managed	6	2	none
Number of Accounts Managed with Performance-Based Advisory Fees	none	none	none
Assets Managed (in millions)	$ 24,384	$ 1,359	none
Assets Managed with Performance-Based Advisory Fees (in millions)	none	none	none

* Includes Spartan U.S. Bond Index Fund ($13,990 (in millions) assets managed).

As of March 31, 2012, the dollar range of shares of Spartan U.S. Bond Index Fund beneficially owned by by Mr. Bembenek was none.

Supplement to the

Spartan^® U.S. Bond Index Fund

(formerly Fidelity^® U.S. Bond Index Fund)

Class F (FUBFX)

A Fund of Fidelity Salem Street Trust (formerly Fidelity Fixed-Income Trust)

STATEMENT OF ADDITIONAL INFORMATION

October 29, 2011

Alan Bembenek has replaced Ford O'Neil as the co-manager of the fund. All references to Ford O'Neil are no longer applicable.

The following information supplements similar information found in the "Management Contract" section beginning on page 27.

The portfolio manager's base salary is determined by level of responsibility and tenure at FMR or its affiliates. The primary components of the portfolio manager's bonus are based on (i) the pre-tax investment performance of the portfolio manager's fund(s) and account(s) measured against a benchmark index (which may be a customized benchmark index developed by FMR) assigned to each fund or account, and (ii) the investment performance of other FMR taxable bond funds and accounts. The pre-tax investment performance of the portfolio manager's fund(s) and account(s) is weighted according to his tenure on those fund(s) and account(s) and the average asset size of those fund(s) and account(s) over his tenure. Each component is calculated separately over the portfolio manager's tenure on those fund(s) and account(s) over a measurement period that initially is contemporaneous with his tenure, but that eventually encompasses rolling periods of up to three years for the comparison to a benchmark index. A smaller, subjective component of the portfolio manager's bonus is based on the portfolio manager's overall contribution to management of FMR. The portion of the portfolio manager's bonus that is linked to the investment performance of Spartan U.S. Bond Index Fund is based on the fund's pre-tax investment performance relative to the performance of the fund's customized benchmark index. For the three-year period, the bonus takes into account the portfolio manager's performance in terms of his management of investment risk. The portfolio manager also is compensated under equity-based compensation plans linked to increases or decreases in the net asset value of the stock of FMR LLC, FMR's parent company. FMR LLC is a diverse financial services company engaged in various activities that include fund management, brokerage, retirement, and employer administrative services. If requested to relocate their primary residence, portfolio managers also may be eligible to receive benefits, such as home sale assistance and payment of certain moving expenses, under relocation plans for most full-time employees of FMR LLC and its affiliates.

UBI-FB-12-01		May 10, 2012
1.924939.103

The following table provides information relating to other accounts managed by Mr. Bembenek as of March 31, 2012:

	Registered Investment Companies*	Other Pooled Investment Vehicles	Other Accounts
Number of Accounts Managed	6	2	none
Number of Accounts Managed with Performance-Based Advisory Fees	none	none	none
Assets Managed (in millions)	$ 24,384	$ 1,359	none
Assets Managed with Performance-Based Advisory Fees (in millions)	none	none	none

* Includes Spartan U.S. Bond Index Fund ($13,990 (in millions) assets managed).

As of March 31, 2012, the dollar range of shares of Spartan U.S. Bond Index Fund beneficially owned by by Mr. Bembenek was none.

Supplement to the

Spartan^® U.S. Bond Index Fund

Institutional Class (FXSTX) and Fidelity Advantage Institutional Class (FXNAX)

A Fund of Fidelity Salem Street Trust (formerly Fidelity Fixed-Income Trust)

STATEMENT OF ADDITIONAL INFORMATION

October 29, 2011

Alan Bembenek has replaced Ford O'Neil as the co-manager of the fund. All references to Ford O'Neil are no longer applicable.

The following information supplements similar information found in the "Management Contract" section beginning on page 26.

The portfolio manager's base salary is determined by level of responsibility and tenure at FMR or its affiliates. The primary components of the portfolio manager's bonus are based on (i) the pre-tax investment performance of the portfolio manager's fund(s) and account(s) measured against a benchmark index (which may be a customized benchmark index developed by FMR) assigned to each fund or account, and (ii) the investment performance of other FMR taxable bond funds and accounts. The pre-tax investment performance of the portfolio manager's fund(s) and account(s) is weighted according to his tenure on those fund(s) and account(s) and the average asset size of those fund(s) and account(s) over his tenure. Each component is calculated separately over the portfolio manager's tenure on those fund(s) and account(s) over a measurement period that initially is contemporaneous with his tenure, but that eventually encompasses rolling periods of up to three years for the comparison to a benchmark index. A smaller, subjective component of the portfolio manager's bonus is based on the portfolio manager's overall contribution to management of FMR. The portion of the portfolio manager's bonus that is linked to the investment performance of Spartan U.S. Bond Index Fund is based on the fund's pre-tax investment performance relative to the performance of the fund's customized benchmark index. For the three-year period, the bonus takes into account the portfolio manager's performance in terms of his management of investment risk. The portfolio manager also is compensated under equity-based compensation plans linked to increases or decreases in the net asset value of the stock of FMR LLC, FMR's parent company. FMR LLC is a diverse financial services company engaged in various activities that include fund management, brokerage, retirement, and employer administrative services. If requested to relocate their primary residence, portfolio managers also may be eligible to receive benefits, such as home sale assistance and payment of certain moving expenses, under relocation plans for most full-time employees of FMR LLC and its affiliates.

UII-UDVB-12-01		May 10, 2012
1.931022.103

The following table provides information relating to other accounts managed by Mr. Bembenek as of March 31, 2012:

	Registered Investment Companies*	Other Pooled Investment Vehicles	Other Accounts
Number of Accounts Managed	6	2	none
Number of Accounts Managed with Performance-Based Advisory Fees	none	none	none
Assets Managed (in millions)	$ 24,384	$ 1,359	none
Assets Managed with Performance-Based Advisory Fees (in millions)	none	none	none

* Includes Spartan U.S. Bond Index Fund ($13,990 (in millions) assets managed).

As of March 31, 2012, the dollar range of shares of Spartan U.S. Bond Index Fund beneficially owned by by Mr. Bembenek was none.

Supplement to the

Fidelity^® Strategic Real Return Fund (FSRRX)

A Class of shares of Fidelity Strategic Real Return Fund

A Fund of Fidelity Salem Street Trust (formerly Fidelity Fixed-Income Trust)

STATEMENT OF ADDITIONAL INFORMATION

November 29, 2011

Franco Castagliuolo serves as co-manager of Fidelity Strategic Real Return Fund. Mr. Castagliuolo will receive compensation for his services.

The following information supplements information found in the "Management Contract"section beginning on page 38.

Franco Castagliuolo is co-manager of Fidelity Strategic Real Return Fund and receives compensation for his services. As of March 31, 2012, portfolio manager compensation generally consists of a fixed base salary determined periodically (typically annually), a bonus, in certain cases, participation in several types of equity-based compensation plans, and, if applicable, relocation plan benefits. A portion of the portfolio manager's compensation may be deferred based on criteria established by FMR or at the election of the portfolio manager.

The portfolio manager's base salary is determined by level of responsibility and tenure at FMR or its affiliates. The primary components of the portfolio manager's bonus are based on (i) the pre-tax investment performance of the portfolio manager's fund(s) and account(s) measured against a benchmark index assigned to each fund or account, and (ii) the investment performance of other FMR taxable bond funds and accounts. The pre-tax investment performance of the portfolio manager's fund(s) and account(s) is weighted according to his tenure on those fund(s) and account(s) and the average asset size of those fund(s) and account(s) over his tenure. Each component is calculated separately over the portfolio manager's tenure on those fund(s) and account(s) over a measurement period that initially is contemporaneous with his tenure, but that eventually encompasses rolling periods of up to three years for the comparison to a benchmark index. A smaller, subjective component of the portfolio manager's bonus is based on the portfolio manager's overall contribution to management of FMR. The portion of the portfolio manager's bonus that is linked to the investment performance of Fidelity Strategic Real Return Fund is based on the pre-tax investment performance of the portion of the fund's assets he manages measured against the Barclays^® U.S. TIPS Index (Series-L). The portfolio manager also is compensated under equity-based compensation plans linked to increases or decreases in the net asset value of the stock of FMR LLC, FMR's parent company. FMR LLC is a diverse financial services company engaged in various activities that include fund management, brokerage, retirement and employer administrative services. If requested to relocate their primary residence, portfolio managers also may be eligible to receive benefits, such as home sale assistance and payment of certain moving expenses, under relocation plans for most full-time employees of FMR LLC and its affiliates.

RRSB-12-02		May 10, 2012
1.832410.119

The following table provides information relating to other accounts managed by Mr. Castagliuolo as of March 31, 2012:

	Registered Investment Companies*	Other Pooled Investment Vehicles	Other Accounts
Number of Accounts Managed	12	2	3
Number of Accounts Managed with Performance-Based Advisory Fees	none	none	2
Assets Managed (in millions)	$41,785	$923	$511
Assets Managed with Performance-Based Advisory Fees (in millions)	none	none	$501

* Includes assets of Fidelity Strategic Real Return Fund managed by Mr. Castagliuolo ($362 (in millions) assets managed).

As of March 31, 2012, the dollar range of shares of Fidelity Strategic Real Return Fund beneficially owned by Mr. Castagliuolo was none.

The following information replaces the similar information found in the "Fund Holdings Information" section on page 55.

The fund will provide a full list of holdings, including its top ten holdings, monthly on www.fidelity.com 30 days after the month-end (excluding high income security holdings, which generally will be presented collectively monthly and included in a list of full holdings 60 days after its fiscal quarter-end).

Supplement to the

Fidelity Advisor^® Strategic Real Return Fund

Class A (FSRAX), Class T (FSRTX), Class B (FSBRX), Class C (FCSRX), and Institutional Class (FSIRX)

Classes of shares of Fidelity^® Strategic Real Return Fund

A Fund of Fidelity Salem Street Trust (formerly Fidelity Fixed-Income Trust)

STATEMENT OF ADDITIONAL INFORMATION

November 29, 2011

Franco Castagliuolo serves as co-manager of Fidelity Strategic Real Return Fund. Mr. Castagliuolo will receive compensation for his services.

The following information supplements information found in the "Management Contract"section beginning on page 38.

The portfolio manager's base salary is determined by level of responsibility and tenure at FMR or its affiliates. The primary components of the portfolio manager's bonus are based on (i) the pre-tax investment performance of the portfolio manager's fund(s) and account(s) measured against a benchmark index assigned to each fund or account, and (ii) the investment performance of other FMR taxable bond funds and accounts. The pre-tax investment performance of the portfolio manager's fund(s) and account(s) is weighted according to his tenure on those fund(s) and account(s) and the average asset size of those fund(s) and account(s) over his tenure. Each component is calculated separately over the portfolio manager's tenure on those fund(s) and account(s) over a measurement period that initially is contemporaneous with his tenure, but that eventually encompasses rolling periods of up to three years for the comparison to a benchmark index. A smaller, subjective component of the portfolio manager's bonus is based on the portfolio manager's overall contribution to management of FMR. The portion of the portfolio manager's bonus that is linked to the investment performance of Fidelity Strategic Real Return Fund is based on the pre-tax investment performance of the portion of the fund's assets he manages measured against the Barclays^® U.S. TIPS Index (Series-L). The portfolio manager also is compensated under equity-based compensation plans linked to increases or decreases in the net asset value of the stock of FMR LLC, FMR's parent company. FMR LLC is a diverse financial services company engaged in various activities that include fund management, brokerage, retirement and employer administrative services. If requested to relocate their primary residence, portfolio managers also may be eligible to receive benefits, such as home sale assistance and payment of certain moving expenses, under relocation plans for most full-time employees of FMR LLC and its affiliates.

ARRS/ARRSIB-12-02		May 10, 2012
1.832411.120

The following table provides information relating to other accounts managed by Mr. Castagliuolo as of March 31, 2012:

	Registered Investment Companies*	Other Pooled Investment Vehicles	Other Accounts
Number of Accounts Managed	12	2	3
Number of Accounts Managed with Performance-Based Advisory Fees	none	none	2
Assets Managed (in millions)	$41,785	$923	$511
Assets Managed with Performance-Based Advisory Fees (in millions)	none	none	$501

* Includes assets of Fidelity Strategic Real Return Fund managed by Mr. Castagliuolo ($362 (in millions) assets managed).

As of March 31, 2012, the dollar range of shares of Fidelity Strategic Real Return Fund beneficially owned by Mr. Castagliuolo was none.

The following information replaces the similar information found in the "Fund Holdings Information" section on page 57.

The fund will provide a full list of holdings, including its top ten holdings, monthly on www.advisor.fidelity.com 30 days after the month-end (excluding high income security holdings, which generally will be presented collectively monthly and included in a list of full holdings 60 days after its fiscal quarter-end).