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Boston MA 02210
617 563 7000

||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| August 15, 2014

U.S. Securities & Exchange Commission

100 F Street, N.E.

Washington, D.C. 20549

Re:	Variable Insurance Products Fund V (the trust):
	Freedom 2005 Portfolio Freedom 2010 Portfolio Freedom 2015 Portfolio Freedom 2020 Portfolio Freedom 2025 Portfolio Freedom 2030 Portfolio Freedom 2035 Portfolio Freedom 2040 Portfolio Freedom 2045 Portfolio Freedom 2050 Portfolio Freedom Income Portfolio Investor Freedom 2005 Portfolio Investor Freedom 2010 Portfolio Investor Freedom 2015 Portfolio Investor Freedom 2020 Portfolio Investor Freedom 2025 Portfolio Investor Freedom 2030 Portfolio Investor Freedom Income Portfolio (the funds)
	File Nos. 033-17704 and 811-05361

__________________________________________________________________________

Ladies and Gentlemen:

Transmitted herewith for filing pursuant to Rule 497(e) under the Securities Act of 1933 (33 Act), as amended, are exhibits containing interactive data format risk/return summary information for supplements to the registration statement for the funds listed above. The purpose of this filing is to submit the 497 filing in XBRL for the funds.

||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||	Very truly yours,
	/s/Jamie Plourde
	Jamie Plourde
	Legal Product Group