Supplement To The

Fidelity^® Contrafund^®

A Fund Of Fidelity Contrafund

Fidelity Trend Fund

A Fund Of Fidelity Trend Fund

STATEMENT OF ADDITIONAL INFORMATION

February 28, 2006

Effective January 20, 2006, Fidelity Management & Research Company (FMR), FMR Co., Inc. (FMRC), Fidelity Investments Money Management, Inc. (FIMM), and Fidelity Research & Analysis Company (FRAC) (formerly FMR Far East) have entered into a general research services agreement pursuant to which FRAC may provide general research and investment advisory support services to FMRC and FIMM. The funds' management fees are not impacted by these arrangements.

<R>CTFB-06-01 July 19, 2006
1.799798.104</R>