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Supplement to the
Fidelity
® Large Cap Growth Fund,
Fidelity Large Cap
Value Fund,
Fidelity Mid Cap Growth Fund, and Fidelity Mid Cap Value Fund
March 31, 2007
Prospectus

The following information replaces the biographical information for the Large Cap Growth Fund found in the Fund Management section on page 33.

Edward Best is vice president and portfolio manager of Large Cap Growth Fund, which he has managed since June 2007. Prior to joining Fidelity in 2007, Mr. Best spent nine years at Trusco Capital Management, leaving the firm as a managing director and quantitative portfolio manager. During his time at Trusco Capital, Mr. Best served as a senior fundamental equity analyst, a senior quantitative equity analyst and portfolio manager.

LMC-07-02 July 5, 2007
1.766529.116

Supplement to the
Fidelity Advisor Large Cap Growth Fund
Class A, Class T, Class B, and Class C
January 28, 2007
Prospectus

The following information replaces the similar information found in the 3rd bullet in the "Fidelity Advisor Systematic Withdrawal Program" table on page 23.

  • Aggregate redemptions per 12-month period from your account may not exceed 12% of the account value and are not subject to a CDSC; and you may set your withdrawal amount as a percentage of the value of your account or a fixed dollar amount.

<R>The following information replaces the biographical information for Bahaa Fam found in the "Fund Management" section on page 28.</R>

<R>Edward Best is vice president and portfolio manager of Large Cap Growth Fund, which he has managed since June 2007. Prior to joining Fidelity in 2007, Mr. Best spent nine years at Trusco Capital Management, leaving the firm as a managing director and quantitative portfolio manager. During his time at Trusco Capital, Mr. Best served as a senior fundamental equity analyst, a senior quantitative equity analyst and portfolio manager.</R>

The following information replaces similar CDSC waiver information found in the "Fund Distribution" section beginning on page 29.

The CDSC may be waived on the redemption of shares (applies to Class A, Class B, Class C and Class T, unless otherwise noted):

A form may be required.

1. For disability or death;

2. From employer-sponsored retirement plans (except SIMPLE IRAs, SEPs, and SARSEPs) starting the year in which age 70 1/2 is attained;

3. For minimum required distributions from Traditional IRAs, Rollover IRAs, SIMPLE IRAs, SEPs, and SARSEPs (excludes Roth accounts) starting the year in which age 70 1/2 is attained;

4. Through the Fidelity Advisor Systematic Withdrawal Program, if the amount does not exceed 12% of the account balance in a rolling 12-month period;

5. (Applicable to Class A and Class T only) Held by insurance company separate accounts;

6. (Applicable to Class A and Class T only) From an employee benefit plan (except SIMPLE IRAs, SEPs, SARSEPs and plans covering self-employed individuals and their employees) or 403(b) programs (except Fidelity Advisor 403(b) programs for which Fidelity or an affiliate serves as custodian);

<R>ALCG-07-02 July 5, 2007
1.847518.101</R>

7. (Applicable to Class A and Class T only) Purchased by the Fidelity Investments Charitable Gift Fund;

8. (Applicable to Class A and Class T only) On which a finder's fee was eligible to be paid to an investment professional at the time of purchase, but was not paid because payment was declined (to determine your eligibility for this CDSC waiver, please ask your investment professional if he or she received a finder's fee at the time of purchase);

9. (Applicable to Class C only) On which investment professionals did not receive a concession at the time of purchase.

Supplement to the
Fidelity Advisor
Large Cap
Growth Fund
Institutional Class
January 28, 2007
Prospectus

<R>The following information replaces the biographical information for Bahaa Fam found in the "Fund Management" section on page 26.</R>

<R>Edward Best is vice president and portfolio manager of Large Cap Growth Fund, which he has managed since June 2007. Prior to joining Fidelity in 2007, Mr. Best spent nine years at Trusco Capital Management, leaving the firm as a managing director and quantitative portfolio manager. During his time at Trusco Capital, Mr. Best served as a senior fundamental equity analyst, a senior quantitative equity analyst and portfolio manager.</R>

ALCGI-07-01 July 5, 2007
1.850949.100