Exhibit (n)(2)

SCHEDULE I, DATED MAY 17, 2007, TO MULTIPLE CLASS OF SHARES PLAN FOR VIP FUNDS, DATED MAY 19, 2005

Variable Insurance Products Fund

FUND/CLASS	SALES CHARGE	DISTRIBUTION FEE (as a percentage of average net assets)	SHAREHOLDER SERVICE FEE (as a percentage of average net assets)	CLASS LEVEL REDEMPTION FEE (as a percentage of amount redeemed)
Equity-Income Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Service Class 2 R	none	0.00	0.25	1.00*
Growth Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Service Class 2 R	none	0.00	0.25	1.00*
High Income Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Initial Class R	none	none	none	1.00*
Service Class R	none	0.00	0.10	1.00*
Service Class 2 R	none	0.00	0.25	1.00*
Money Market Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
FUND/CLASS	SALES CHARGE	DISTRIBUTION FEE (as a percentage of average net assets)	SHAREHOLDER SERVICE FEE (as a percentage of average net assets)	CLASS LEVEL REDEMPTION FEE (as a percentage of amount redeemed)
Overseas Portfolio:
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Investor Class R	none	none	none	1.00*
Initial Class R	none	none	none	1.00*
Service Class R	none	0.00	0.10	1.00*
Service Class 2 R	none	0.00	0.25	1.00*
Value Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none

* On shares held for less than 60 days.

Variable Insurance Products Fund II

FUND/CLASS	SALES CHARGE	DISTRIBUTION FEE (as a percentage of average net assets)	SHAREHOLDER SERVICE FEE (as a percentage of average net assets)	CLASS LEVEL REDEMPTION FEE (as a percentage of amount redeemed)
Asset Manager Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Asset Manager: Growth Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Contrafund Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Service Class 2 R	none	0.00	0.25	1.00*
Disciplined Small Cap Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Index 500 Portfolio:
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
FUND/CLASS	SALES CHARGE	DISTRIBUTION FEE (as a percentage of average net assets)	SHAREHOLDER SERVICE FEE (as a percentage of average net assets)	CLASS LEVEL REDEMPTION FEE (as a percentage of amount redeemed)
Investment Grade Bond Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none

* On shares held for less than 60 days.

Variable Insurance Products Fund III

FUND/CLASS	SALES CHARGE	DISTRIBUTION FEE (as a percentage of average net assets)	SHAREHOLDER SERVICE FEE (as a percentage of average net assets)	CLASS LEVEL REDEMPTION FEE (as a percentage of amount redeemed)
Aggressive Growth Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Balanced Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Dynamic Capital Appreciation Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Growth & Income Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Growth Opportunities Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
FUND/CLASS	SALES CHARGE	DISTRIBUTION FEE (as a percentage of average net assets)	SHAREHOLDER SERVICE FEE (as a percentage of average net assets)	CLASS LEVEL REDEMPTION FEE (as a percentage of amount redeemed)
Mid Cap Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Value Strategies Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none

Variable Insurance Products Fund IV

FUND/CLASS	SALES CHARGE	DISTRIBUTION FEE (as a percentage of average net assets)	SHAREHOLDER SERVICE FEE (as a percentage of average net assets)	CLASS LEVEL REDEMPTION FEE (as a percentage of amount redeemed)
Consumer Discretionary Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Consumer Staples Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Energy Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Service Class 2	none	0.00	0.25	none
Financial Services Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Freedom 2005 Portfolio:
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Freedom 2010 Portfolio:
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
FUND/CLASS	SALES CHARGE	DISTRIBUTION FEE (as a percentage of average net assets)	SHAREHOLDER SERVICE FEE (as a percentage of average net assets)	CLASS LEVEL REDEMPTION FEE (as a percentage of amount redeemed)
Freedom 2015 Portfolio:
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Freedom 2020 Portfolio:
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Freedom 2025 Portfolio:
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Freedom 2030 Portfolio:
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Freedom Income Portfolio:
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
FundsManager 20% Portfolio:
Investor Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
FUND/CLASS	SALES CHARGE	DISTRIBUTION FEE (as a percentage of average net assets)	SHAREHOLDER SERVICE FEE (as a percentage of average net assets)	CLASS LEVEL REDEMPTION FEE (as a percentage of amount redeemed)
FundsManager 50% Portfolio:
Investor Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
FundsManager 70% Portfolio:
Investor Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
FundsManager 85% Portfolio:
Investor Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Growth Stock Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Health Care Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Industrials Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
FUND/CLASS	SALES CHARGE	DISTRIBUTION FEE (as a percentage of average net assets)	SHAREHOLDER SERVICE FEE (as a percentage of average net assets)	CLASS LEVEL REDEMPTION FEE (as a percentage of amount redeemed)
International Capital Appreciation Portfolio:
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Investor Class R	none	none	none	1.00*
Initial Class R	none	none	none	1.00*
Service Class R	none	0.00	0.10	1.00*
Service Class 2 R	none	0.00	0.25	1.00*
Materials Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Real Estate Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Strategic Income Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none
Technology Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
FUND/CLASS	SALES CHARGE	DISTRIBUTION FEE (as a percentage of average net assets)	SHAREHOLDER SERVICE FEE (as a percentage of average net assets)	CLASS LEVEL REDEMPTION FEE (as a percentage of amount redeemed)
Telecommunications Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Utilities Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Value Leaders Portfolio:
Investor Class	none	none	none	none
Initial Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none

* On shares held for less than 60 days.

Variable Insurance Products Fund V

FUND/CLASS	SALES CHARGE	DISTRIBUTION FEE (as a percentage of average net assets)	SHAREHOLDER SERVICE FEE (as a percentage of average net assets)	CLASS LEVEL REDEMPTION FEE (as a percentage of amount redeemed)
FundsManager 60% Portfolio:
Investor Class	none	none	none	none
Service Class	none	0.00	0.10	none
Service Class 2	none	0.00	0.25	none