497 1 main.htm

Supplement to the
Fidelity Asset Manager^® Funds
December 17, 2008
Prospectus

<R>The following information replaces the introductory paragraph found under the heading "Fee Table" on page 10.</R>

<R>The following table describes the fees and expenses that may be incurred when you buy, hold, or sell shares of a fund. The following fees and expenses are based on the average net assets during the fund's most recent fiscal year. To the extent that current net assets are less or greater than the average during the most recent fiscal year, total annual operating expenses for the current fiscal year may be higher or lower than the information presented.</R>

<R>Effective September 14, 2009, the following information replaces the "Minimums" table found in the "Buying and Selling Shares" section on page 22.</R>

<R>Minimums</R>
<R>Initial Purchase	$2,500</R>
<R>For Fidelity Simplified Employee Pension-IRA and Keogh accounts, and Non-Fidelity Prototype Retirement accounts	$500</R>
<R>Through regular investment plans in Fidelity Traditional IRAs, Roth IRAs, and Rollover IRAs^A	$200</R>
<R>Balance	$2,000</R>
<R>For Fidelity Simplified Employee Pension-IRA and Keogh accounts, and Non-Fidelity Prototype Retirement accounts	$500</R>

<R>^ARequires monthly purchases of $200 until fund balance is $2,500 worth of shares.</R>

<R>Effective September 14, 2009, the following information replaces the similar information found in the "Buying and Selling Shares" section beginning on page 22.</R>

<R>There is no minimum balance or initial purchase minimum for investments through Portfolio Advisory Services, a mutual fund or a qualified tuition program for which FMR or an affiliate serves as investment manager, certain Fidelity retirement accounts funded through salary deduction, or fund positions opened with the proceeds of distributions from such retirement accounts, or a Fidelity systematic withdrawal service. In addition, each fund may waive or lower purchase minimums in other circumstances.</R>

<R>The following information replaces the similar information found in the "Selling Shares" section beginning on page 24.</R>

<R>A signature guarantee is designed to protect you and Fidelity from fraud. If you hold your shares in a Fidelity mutual fund account and submit your request to Fidelity by mail, Fidelity may require that your request be made in writing and include a signature guarantee in certain circumstances, such as:</R>

<R>You wish to sell more than $100,000 worth of shares;</R>
<R>When the address on your account (record address) has changed within the last 15 days, or you are requesting that a check be mailed to a different address than the record address;</R>
<R>You are requesting that redemption proceeds be paid to someone other than the account owner; or </R>
<R>In certain situations when the redemption proceeds are being transferred to a Fidelity mutual fund account with a different registration.</R>

<R>You should be able to obtain a signature guarantee from a bank, broker (including Fidelity Investor Centers), dealer, credit union (if authorized under state law), securities exchange or association, clearing agency, or savings association. A notary public cannot provide a signature guarantee. </R>

The following information replaces the biographical information for Derek Young found in the "Fund Management" section on page 28.

Geoffrey Stein is manager of the Fidelity Asset Manager Funds, which he has managed since June 2009. He also manages other Fidelity funds. Since joining Fidelity Investments in 1994, Mr. Stein has served as director of the Portfolio Analysis Group, director of Portfolio Strategy for Strategic Advisers, Inc., and as a portfolio manager.

AR-09-02 July 30, 2009
1.899421.101

Supplement to the
Fidelity Asset Manager Funds
Fidelity Advisor Asset Manager^® 20%
Fidelity Advisor Asset Manager 30%
Fidelity Advisor Asset Manager 40%
Fidelity Advisor Asset Manager 50%
Fidelity Advisor Asset Manager 60%
Fidelity Advisor Asset Manager 70%
Fidelity Advisor Asset Manager 85%
Class A, Class T, Class B, and Class C
December 17, 2008
Prospectus

<R>The following information replaces the introductory paragraph found under the heading "Fee Table" on page 10.</R>

<R>The following table describes the fees and expenses that may be incurred when you buy, hold, or sell Class A, Class T, Class B, and Class C shares of a fund. The following fees and expenses are based on the average net assets during the fund's most recent fiscal year. To the extent that current net assets are less or greater than the average during the most recent fiscal year, total annual operating expenses for the current fiscal year may be higher or lower than the information presented.</R>

<R>Effective September 14, 2009, the following information replaces the "Minimums" table found in the "Buying and Selling Shares" section on page 21.</R>

<R>Minimums</R>
<R>To Open an Account	$2,500</R>
<R>For certain Fidelity Advisor retirement accounts^A	$500</R>
<R>Through regular investment plans^B	$100</R>
<R>Minimum Balance	$1,000</R>
<R>For certain Fidelity Advisor retirement accounts^A	None</R>

<R>^AFidelity Advisor Traditional IRA, Roth IRA, Rollover IRA, SEP-IRA, and Keogh accounts.</R>

<R>^BAn account may be opened with a minimum of $100, provided that a regular investment plan is established at the time the account is opened.</R>

<R>Effective September 14, 2009, the following information replaces the similar information found in the "Buying and Selling Shares" section on page 21.</R>

<R>There is no minimum account balance or initial purchase minimum for (i) certain Fidelity retirement accounts funded through salary deduction, or accounts opened with the proceeds of distributions from such retirement accounts, or a Fidelity systematic withdrawal service, or (ii) certain mutual fund wrap program accounts. An eligible wrap program must offer asset allocation services, charge an asset-based fee to its participants for asset allocation and/or other advisory services, and meet trading and other operational requirements under an appropriate agreement with Fidelity Distributors Corporation (FDC). In addition, each fund may waive or lower purchase minimums in other circumstances.</R>

<R>The following information replaces the similar information found in the "Selling Shares" section on page 23.</R>

<R>A signature guarantee is designed to protect you and Fidelity from fraud. Fidelity may require that your request be made in writing and include a signature guarantee in certain circumstances, such as:</R>

<R>You wish to sell more than $100,000 worth of shares;</R>
<R>When the address on your account (record address) has changed within the last 15 days, or you are requesting that a check be mailed to a different address than the record address;</R>
<R>You are requesting that redemption proceeds be paid to someone other than the account owner; or </R>
<R>In certain situations when the redemption proceeds are being transferred to a Fidelity account with a different registration.</R>

<R>You should be able to obtain a signature guarantee from a bank, broker-dealer, credit union (if authorized under state law), securities exchange or association, clearing agency, or savings association. A notary public cannot provide a signature guarantee.</R>

The following information replaces the biographical information for Derek Young found in the "Fund Management" section on page 27.

Effective after the close of business on December 19, 2008, the following information replaces similar sales charge waiver information for Class A and Class T found in the "Fund Distribution" section beginning on page 30.

A front-end sales charge will not apply to the following Class A or Class T shares:

1. Purchased for an employee benefit plan other than a plan investing through the Fidelity Advisor 403(b) program. For this purpose, employee benefit plans generally include 401(a), 401(k), 403(b), and 457(b) governmental plans, but do not include: IRAs; SIMPLE, SEP, or SARSEP plans; or health savings accounts;

2. Purchased for an insurance company separate account;

3. Purchased for managed account programs that charge an asset-based fee by a broker-dealer, registered investment adviser, insurance company, trust institution or bank trust department;

4. Purchased with the proceeds of a redemption of Fidelity or Fidelity Advisor fund shares held in (i) an insurance company separate account, or (ii) an employee benefit plan (as described in waiver number 1 above, including the Fidelity Advisor 403(b) program), the proceeds of which must be reinvested directly into Fidelity Advisor fund shares;

5. Purchased with any proceeds of a distribution from a Fidelity recordkept employee benefit plan (as described in waiver number 1 above, including the Fidelity Advisor 403(b) program) that is rolled directly into a Fidelity Advisor IRA.

6. Purchased for any state, county, or city, or any governmental instrumentality, department, authority or agency;

7. Purchased by a current or former Trustee or officer of a Fidelity fund or a current or retired officer, director or regular employee of FMR LLC or FIL Limited or their direct or indirect subsidiaries (a Fidelity Trustee or employee), the spouse of a Fidelity Trustee or employee, a Fidelity Trustee or employee acting as custodian for a minor child, or a person acting as trustee of a trust for the sole benefit of the minor child of a Fidelity Trustee or employee;

8. Purchased by a charitable organization (as defined for purposes of Section 501(c)(3) of the Internal Revenue Code) investing $100,000 or more, or, a charitable remainder trust or life income pool established for the benefit of a charitable organization;

9. Purchased by the Fidelity Investments Charitable Gift Fund;

10. Purchased by a bank trust officer, registered representative, or other employee (or a member of one of their immediate families) of intermediaries having agreements with FDC. A member of the immediate family of a bank trust officer, a registered representative, or other employee of intermediaries having agreements with FDC, is a spouse of one of those individuals, an account for which one of those individuals is acting as custodian for a minor child, and a trust account that is registered for the sole benefit of a minor child of one of those individuals;

11. Purchased with distributions of income, principal, and capital gains from Fidelity Defined Trusts;

12. Purchased to repay a loan against Class A, Class T or Class B shares held in the investor's Fidelity Advisor 403(b) program; or

13. Purchased for health savings account programs by a broker-dealer, registered investment adviser, insurance company, trust institution, or bank trust department.

Supplement to the
Fidelity Asset Manager Funds
Fidelity Advisor Asset Manager^® 20%
Fidelity Advisor Asset Manager 30%
Fidelity Advisor Asset Manager 40%
Fidelity Advisor Asset Manager 50%
Fidelity Advisor Asset Manager 60%
Fidelity Advisor Asset Manager 70%
Fidelity Advisor Asset Manager 85%
Institutional Class
December 17, 2008
Prospectus

<R>The following information replaces the introductory paragraph found under the heading "Fee Table" on page 10.</R>

<R>The following table describes the fees and expenses that may be incurred when you buy, hold, or sell Institutional Class shares of a fund. The following fees and expenses are based on the average net assets during the fund's most recent fiscal year. To the extent that current net assets are less or greater than the average during the most recent fiscal year, total annual operating expenses for the current fiscal year may be higher or lower than the information presented.</R>

<R>Effective September 14, 2009, the following information replaces the "Minimums" table found in the "Buying and Selling Shares" section on page 20.</R>

<R>Minimums</R>
<R>To Open an Account	$2,500</R>
<R>For certain Fidelity Advisor retirement accounts^A	$500</R>
<R>Through regular investment plans^B	$100</R>
<R>Minimum Balance	$1,000</R>
<R>For certain Fidelity Advisor retirement accounts^A	None</R>

<R>^AFidelity Advisor Traditional IRA, Roth IRA, Rollover IRA, SEP-IRA, and Keogh accounts.</R>

<R>^BAn account may be opened with a minimum of $100, provided that a regular investment plan is established at the time the account is opened.</R>

<R>Effective September 14, 2009, the following information replaces the similar information found in the "Buying and Selling Shares" section on page 20.</R>

<R>There is no minimum account balance or initial purchase minimum for (i) investments through Portfolio Advisory Services, (ii) certain Fidelity retirement accounts funded through salary deduction, or accounts opened with the proceeds of distributions from such retirement accounts, or a Fidelity systematic withdrawal service, (iii) investments through a mutual fund or a qualified tuition program for which FMR or an affiliate serves as investment manager, or (iv) certain mutual fund wrap program accounts. An eligible wrap program must offer asset allocation services, charge an asset-based fee to its participants for asset allocation and/or other advisory services, and meet trading and other operational requirements under an appropriate agreement with Fidelity Distributors Corporation (FDC). In addition, each fund may waive or lower purchase minimums in other circumstances.</R>

<R>The following information replaces the similar information found in the "Selling Shares" section on page 22.</R>

<R>You wish to sell more than $100,000 worth of shares;</R>
<R>When the address on your account (record address) has changed within the last 15 days or you are requesting that a check be mailed to a different address than the record address; </R>
<R>You are requesting that redemption proceeds be paid to someone other than the account owner; or </R>
<R>In certain situations when the redemption proceeds are being transferred to a Fidelity account with a different registration.</R>

The following information replaces the biographical information for Derek Young found in the "Fund Management" section on page 25.

Supplement to the
Fidelity^® Broad Market Opportunities Fund
December 17, 2008
Prospectus

Effective on April 1, 2009, Fidelity Broad Market Opportunities Fund will be renamed Fidelity Series Broad Market Opportunities Fund.

The following information replaces the introductory paragraph found under the heading "Fee Table" on page 4.

<R>The following table describes the fees and expenses that may be incurred when you buy, hold, or sell shares of the fund. The following fees and expenses are based on the average net assets during the fund's most recent fiscal year. To the extent that current net assets are less or greater than the average during the most recent fiscal year, total annual operating expenses for the current fiscal year may be higher or lower than the information presented.</R>

The following information replaces the biographical information for Derek Young and Henry Jaung found in the "Fund Management" section on page 15.

Christopher Sharpe is co-manager of Series Broad Market Opportunities Fund, which he has managed since June 2009. He also manages other Fidelity funds. Since joining Fidelity Investments in 2002, Mr. Sharpe has worked as an asset allocation director and portfolio manager.

Geoffrey Stein is co-manager of Series Broad Market Opportunities Fund, which he has managed since June 2009. He also manages other Fidelity funds. Since joining Fidelity Investments in 1994, Mr. Stein has served as director of the Portfolio Analysis Group, director of Portfolio Strategy for Strategic Advisers, Inc., and as a portfolio manager.

Supplement to the
Fidelity^® Global Balanced Fund
December 30, 2008
Prospectus

Fidelity Global Balanced Fund is composed of multiple classes of shares. References to the fund are deemed to include class where applicable.

The following information replaces the similar information found under the heading "Year-by-Year Returns" in the "Fund Summary" section on page 4.

Global Balanced
Calendar Years	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008
	23.03%	-5.97%	-8.15%	-6.14%	29.90%	13.67%	9.00%	13.70%	13.77%	-23.27%

fid64292

During the periods shown in the chart for Global Balanced:	Returns	Quarter ended
Highest Quarter Return	14.26%	December 31, 1999
Lowest Quarter Return	-12.35%	September 30, 2008

The following information replaces the similar information found under the heading "Average Annual Returns" in the "Fund Summary" section on page 5.

For the periods ended December 31, 2008	Past 1 year	Past 5 years	Past 10 years
Global Balanced
Return Before Taxes	-23.27%	4.22%	4.77%
Return After Taxes on Distributions	-23.95%	2.83%	3.63%
Return After Taxes on Distributions and Sale of Fund Shares	-14.93%	3.33%	3.75%
MSCI^® World Index (reflects no deduction for fees, expenses, or taxes)	-40.46%	-0.13%	-0.37%
Citigroup^® World Government Bond Index (reflects no deduction for fees, expenses, or taxes)	10.89%	6.05%	5.90%
Fidelity Global Balanced Composite Index (reflects no deduction for fees, expenses, or taxes)	-22.78%	2.52%	2.35%

<R>The following information replaces the introductory paragraph found under the heading "Fee Table" on page 5.</R>

<R>Effective September 14, 2009, the following information replaces the "Minimums" table found in the "Buying and Selling Shares" section on page 13.</R>

<R>Minimums</R>
<R>Initial Purchase	$2,500</R>
<R>For Fidelity Simplified Employee Pension-IRA and Keogh accounts, and Non-Fidelity Prototype Retirement accounts	$500</R>
<R>Through regular investment plans in Fidelity Traditional IRAs, Roth IRAs, and Rollover IRAs^A	$200</R>
<R>Balance	$2,000</R>
<R>For Fidelity Simplified Employee Pension-IRA and Keogh accounts, and Non-Fidelity Prototype Retirement accounts	$500</R>

<R>^ARequires monthly purchases of $200 until fund balance is $2,500 worth of shares.</R>

<R>Effective September 14, 2009, the following information replaces the similar information found in the "Buying and Selling Shares" section on page 13.</R>

<R>There is no minimum balance or initial purchase minimum for investments through Portfolio Advisory Services, a mutual fund or a qualified tuition program for which FMR or an affiliate serves as investment manager, certain Fidelity retirement accounts funded through salary deduction, or fund positions opened with the proceeds of distributions from such retirement accounts, or a Fidelity systematic withdrawal service. In addition, the fund may waive or lower purchase minimums in other circumstances.</R>

<R>The following information replaces the similar information found in the "Selling Shares" section beginning on page 17.</R>

<R>You wish to sell more than $100,000 worth of shares;</R>
<R>When the address on your account (record address) has changed within the last 15 days, or you are requesting that a check be mailed to a different address than the record address;</R>
<R>You are requesting that redemption proceeds be paid to someone other than the account owner; or </R>
<R>In certain situations when the redemption proceeds are being transferred to a Fidelity mutual fund account with a different registration.</R>

The following information replaces the biographical information for Derek Young and Ruben Calderon found in the "Fund Management" section on page 24.

Geoffrey Stein is co-manager of Global Balanced Fund, which he has managed since June 2009. He also manages other Fidelity funds. Since joining Fidelity Investments in 1994, Mr. Stein has served as director of the Portfolio Analysis Group, director of Portfolio Strategy for Strategic Advisers, Inc., and as a portfolio manager.

Ruben Calderon is co-lead manager of Global Balanced Fund, which he has managed since December 2006. Since joining Fidelity Investments in 1995, Mr. Calderon has worked as a research analyst and asset allocation strategist.

The following information replaces the similar information found in the "Fund Management" section beginning on page 24.

The statement of additional information (SAI) provides additional information about the compensation of accounts managed by, and any fund shares held by Messrs. Calderon, Stein, Tucker, Dufour, Lo, Weir and Ms. Reilly.

Supplement to the
Fidelity Advisor Global Balanced Fund
Class A, Class T, Class B, and Class C
February 17, 2009
Prospectus

<R>The following information replaces the introductory paragraph found under the heading "Fee Table" on page 5.</R>

<R>The following table describes the fees and expenses that may be incurred when you buy, hold, or sell Class A, Class T, Class B, and Class C shares of the fund. The following fees and expenses are based on the average net assets during the fund's most recent fiscal year. To the extent that current net assets are less or greater than the average during the most recent fiscal year, total annual operating expenses for the current fiscal year may be higher or lower than the information presented.</R>

<R>Effective September 14, 2009, the following information replaces the "Minimums" table found in the "Buying and Selling Shares" section beginning on page 12.</R>

<R>Minimums</R>
<R>To Open an Account	$2,500</R>
<R>For certain Fidelity Advisor retirement accounts^A	$500</R>
<R>Through regular investment plans^B	$100</R>
<R>Minimum Balance	$1,000</R>
<R>For certain Fidelity Advisor retirement accounts^A	None</R>

<R>^AFidelity Advisor Traditional IRA, Roth IRA, Rollover IRA, SEP-IRA, and Keogh accounts.</R>

<R>^BAn account may be opened with a minimum of $100, provided that a regular investment plan is established at the time the account is opened.</R>

<R>Effective September 14, 2009, the following information replaces the similar information found in the "Buying and Selling Shares" section beginning on page 12.</R>

<R>There is no minimum account balance or initial purchase minimum for (i) certain Fidelity retirement accounts funded through salary deduction, or accounts opened with the proceeds of distributions from such retirement accounts, or a Fidelity systematic withdrawal service, or (ii) certain mutual fund wrap program accounts. An eligible wrap program must offer asset allocation services, charge an asset-based fee to its participants for asset allocation and/or other advisory services, and meet trading and other operational requirements under an appropriate agreement with Fidelity Distributors Corporation (FDC). In addition, the fund may waive or lower purchase minimums in other circumstances.</R>

<R>The following information replaces the similar information found in the "Selling Shares" section beginning on page 16.</R>

<R>You wish to sell more than $100,000 worth of shares;</R>
<R>When the address on your account (record address) has changed within the last 15 days, or you are requesting that a check be mailed to a different address than the record address;</R>
<R>You are requesting that redemption proceeds be paid to someone other than the account owner; or </R>
<R>In certain situations when the redemption proceeds are being transferred to a Fidelity account with a different registration.</R>

The following information replaces the biographical information for Derek Young found in the "Fund Management" section on page 24. All references to Mr. Young are no longer applicable.

Geoffrey Stein is co-manager of the fund, which he has managed since June 2009. He also manages other Fidelity funds. Since joining Fidelity Investments in 1994, Mr. Stein has served as director of the Portfolio Analysis Group, director of Portfolio Strategy for Strategic Advisers, Inc., and as a portfolio manager.

Supplement to the
Fidelity Advisor Global Balanced Fund
Institutional Class
February 17, 2009
Prospectus

<R>The following information replaces the introductory paragraph found under the heading "Fee Table" on page 5.</R>

<R>The following table describes the fees and expenses that may be incurred when you buy, hold, or sell Institutional Class shares of the fund. The following fees and expenses are based on the average net assets during the fund's most recent fiscal year. To the extent that current net assets are less or greater than the average during the most recent fiscal year, total annual operating expenses for the current fiscal year may be higher or lower than the information presented.</R>

<R>Effective September 14, 2009, the following information replaces the "Minimums" table found in the "Buying and Selling Shares" section beginning on page 12.</R>

<R>Minimums</R>
<R>To Open an Account	$2,500</R>
<R>For certain Fidelity Advisor retirement accounts^A	$500</R>
<R>Through regular investment plans^B	$100</R>
<R>Minimum Balance	$1,000</R>
<R>For certain Fidelity Advisor retirement accounts^A	None</R>

<R>^AFidelity Advisor Traditional IRA, Roth IRA, Rollover IRA, SEP-IRA, and Keogh accounts.</R>

<R>^BAn account may be opened with a minimum of $100, provided that a regular investment plan is established at the time the account is opened.</R>

<R>Effective September 14, 2009, the following information replaces the similar information found in the "Buying and Selling Shares" section beginning on page 12.</R>

<R>AGBLI-09-02 July 30, 2009
1.899424.101</R>

<R>There is no minimum account balance or initial purchase minimum for (i) investments through Portfolio Advisory Services, (ii) certain Fidelity retirement accounts funded through salary deduction, or accounts opened with the proceeds of distributions from such retirement accounts, or a Fidelity systematic withdrawal service, (iii) investments through a mutual fund or a qualified tuition program for which FMR or an affiliate serves as investment manager, or (iv) certain mutual fund wrap program accounts. An eligible wrap program must offer asset allocation services, charge an asset-based fee to its participants for asset allocation and/or other advisory services, and meet trading and other operational requirements under an appropriate agreement with Fidelity Distributors Corporation (FDC). In addition, the fund may waive or lower purchase minimums in other circumstances.</R>

<R>The following information replaces the similar information found in the "Selling Shares" section beginning on page 16.</R>

<R>You wish to sell more than $100,000 worth of shares;</R>
<R>When the address on your account (record address) has changed within the last 15 days, or you are requesting that a check be mailed to a different address than the record address;</R>
<R>You are requesting that redemption proceeds be paid to someone other than the account owner; or </R>
<R>In certain situations when the redemption proceeds are being transferred to a Fidelity account with a different registration.</R>

The following information replaces the biographical information for Derek Young found in the "Fund Management" section on page 24. All references to Mr. Young are no longer applicable.

Supplement to the Fidelity Asset Manager® Funds December 17, 2008 Prospectus

Supplement to the Fidelity® Broad Market Opportunities Fund December 17, 2008 Prospectus

Supplement to the Fidelity® Global Balanced Fund December 30, 2008 Prospectus

Calendar Years

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

During the periods shown in the chart for Global Balanced:

Returns

Quarter ended

For the periods ended December 31, 2008

Past 1 year

Past 5 years

Past 10 years

Supplement to the Fidelity Advisor Global Balanced Fund Class A, Class T, Class B, and Class C February 17, 2009 Prospectus

Supplement to the Fidelity Advisor Global Balanced Fund Institutional Class February 17, 2009 Prospectus

Supplement to the
Fidelity Asset Manager^® Funds
December 17, 2008
Prospectus

Supplement to the
Fidelity^® Broad Market Opportunities Fund
December 17, 2008
Prospectus

Supplement to the
Fidelity^® Global Balanced Fund
December 30, 2008
Prospectus

For the periods ended
December 31, 2008

Past 1
year

Past 5
years

Past 10
years

Supplement to the
Fidelity Advisor Global Balanced Fund
Class A, Class T, Class B, and Class C
February 17, 2009
Prospectus

Supplement to the
Fidelity Advisor Global Balanced Fund
Institutional Class
February 17, 2009
Prospectus