Supplement to the
Fidelity^® Convertible Securities Fund
<R>January 29, 2004</R>
Prospectus

The following information replaces the similar information found under the heading "Dividends and Capital Gain Distributions" on page 14.

Effective September 1, 2004, the fund normally pays dividends in April, July, October, and December and pays capital gain distributions in September and December.

<R>CVS-04-02September 8, 2004 </R>1.483705.112