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Supplement to the
Fidelity^®
Asset Manager^SMNovember 27, 2000
Prospectus

<R>Shareholder Meeting. On or about September 19, 2001, a meeting of the shareholders of Fidelity^® Asset Manager^</R>SM will be held to vote on various proposals. Shareholders of record on July 23, 2001 are entitled to vote at the meeting.

<R>For more detailed information concerning the proposals under consideration, please contact Fidelity at 1-800-544-3198 to request a free copy of the proxy statement.</R>

The following information replaces similar information found in the "Fee Table" section on page 5.

Shareholder fees (paid by the investor directly)

Sales charge (load) on purchases and reinvested distributions	None
Deferred sales charge (load) on redemptions	None
Annual account maintenance fee (for accounts under $2,000)	$12.00

The following information replaces similar information found in the "Account Features and Policies" section on page 21.

Fidelity may deduct a small balance maintenance fee of $12.00 from a fund balance with a value of less than $2,000. It is expected that fund balances will be valued on the second Friday in November of each calendar year. Fund positions opened after September 30 will not be subject to the fee for that calendar year. The fee, which is payable to Fidelity, is designed to offset in part the relatively higher costs of servicing smaller fund positions. This fee will not be deducted from fund positions opened after January 1 of that calendar year if those positions use regular investment plans.

You will be given 30 days' notice to reestablish the minimum balance if your fund balance falls below $2,000 ($500 for fund balances in retirement accounts), except fund positions not subject to account minimums. If you do not increase your balance, Fidelity may sell all of your shares and send the proceeds to you. Your shares will be sold at the NAV on the day Fidelity closes your fund position.

FAA-01-02 July 23, 2001
1.724188.104

Supplement to the Fidelity^®Asset Manager: Aggressive<R>^®</R>
November 27, 2000
Prospectus

<R>Shareholder Meeting. On or about September 19, 2001, a meeting of the shareholders of Fidelity^®</R> Asset Manager: Aggressive^® will be held to vote on various proposals. Shareholders of record on July 23, 2001 are entitled to vote at the meeting.

<R>For more detailed information concerning the proposals under consideration, please contact Fidelity at 1-800-544-3198 to request a free copy of the proxy statement.</R>

The following information replaces similar information found in the "Fee Table" section on page 4.

Shareholder Fees (paid by the investor directly)

Sales charge (load) on purchases and reinvested distributions	None
Deferred sales charge (load) on redemptions	None
Annual account maintenance fee (for accounts under $2,000)	$12.00

The following information replaces similar information found the "Account Features and Policies" section on page 18.

You will be given 30 days' notice to reestablish the minimum balance if your fund balance falls below $2,000 ($500 for fund balances in retirement accounts), except fund positions not subject to balance minimums. If you do not increase your balance, Fidelity may sell all of your shares and send the proceeds to you. Your shares will be sold at the NAV on the day Fidelity closes your fund position.

AGG-01-02 July 23, 2001 1.734040.102

Supplement to the
Fidelity^® Asset Manager: Growth^®
November 27, 2000
Prospectus

<R>Shareholder Meeting. On or about September 19, 2001, a meeting of the shareholders of Fidelity^®</R> Asset Manager: Growth^® will be held to vote on various proposals. Shareholders of record on July 23, 2001 are entitled to vote at the meeting.

<R>For more detailed information concerning the proposals under consideration, please contact Fidelity at 1-800-544-3198 to request a free copy of the proxy statement.</R>

The following information replaces similar information found in the "Fee Table" section on page 5.

Shareholder fees (paid by the investor directly)

Sales charge (load) on purchases and reinvested distributions	None
Deferred sales charge (load) on redemptions	None
Annual account maintenance fee (for accounts under $2,000)	$12.00

The following information replaces similar information found in the "Account Features and Policies" section on page 20.

AMG-01-02 July 23, 2001
1.471579.106

Supplement to the
Fidelity^® Asset Manager: Income^®
November 27, 2000
Prospectus

<R>Shareholder Meeting. On or about September 19, 2001, a meeting of the shareholders of Fidelity^®</R> Asset Manager: Income^® will be held to vote on various proposals. Shareholders of record on July 23, 2001 are entitled to vote at the meeting.

<R>For more detailed information concerning the proposals under consideration, please contact Fidelity at 1-800-544-3198 to request a free copy of the proxy statement.</R>

The following information replaces similar information found in the "Fee Table" section on page 5.

Shareholder fees (paid by the investor directly)

Sales charge (load) on purchases and reinvested distributions	None
Deferred sales charge (load) on redemptions	None
Annual account maintenance fee (for accounts under $2,000)	$12.00

The following information replaces similar information found in the "Account Features and Policies" section on page 20.

Supplement to the
Fidelity^® Asset Manager^SM Funds
November 27, 2000
Prospectus

<R></R>Shareholder Meeting. On or about September 19, 2001, a meeting of the shareholders of the Fidelity Asset Manager Funds will be held to vote on various proposals. Shareholders of record on July 23, 2001 are entitled to vote at the meeting.

<R>For more detailed information concerning the proposals under consideration, please contact Fidelity at 1-800-544-3198 to request a free copy of the proxy statement.</R>

The following information replaces similar information found in the "Fee Table" section on page 7.

Shareholder fees (paid by the investor directly)

Sales charge (load) on purchases and reinvested distributions	None
Deferred sales charge (load) on redemptions	None
Annual account maintenance fee (for accounts under $2,000)	$12.00

The following information replaces similar information found the "Account Features and Policies" section on page 18.

Supplement to the
Spartan^® Investment Grade Bond Fund
November 27, 2000
Prospectus

Shareholder Meeting.<R> On or about September 19, 2001, a meeting of the shareholders of Spartan^®</R> Investment Grade Bond Fund will be held to vote on various proposals. Shareholders of record on July 23, 2001 are entitled to vote at the meeting.

<R>For more detailed information concerning the proposals under consideration, please contact Fidelity at 1-800-544-3198 to request a free copy of the proxy statement.</R>

The following information replaces similar information found in the "Fee Table" section on page 5.

Shareholder fees (paid by the investor directly)

Sales charge (load) on purchases and reinvested distributions	None
Deferred sales charge (load) on redemptions	None
Annual account maintenance fee (for accounts under $2,000)	$12.00

The following information replaces similar information found in the "Account Features and Policies" section on page 18.

You will be given 30 days' notice to reestablish the minimum balance if your fund balance falls below $10,000, except fund positions not subject to account minimums. If you do not increase your balance, Fidelity may sell all of your shares and send the proceeds to you. Your shares will be sold at the NAV on the day Fidelity closes your fund position.