<SEC-DOCUMENT>0001379491-17-002624-index.html : 20170428
<SEC-HEADER>0001379491-17-002624.hdr.sgml : 20170428
<ACCEPTANCE-DATETIME>20170428105023
ACCESSION NUMBER:		0001379491-17-002624
CONFORMED SUBMISSION TYPE:	497K
PUBLIC DOCUMENT COUNT:		5
FILED AS OF DATE:		20170428
DATE AS OF CHANGE:		20170428
EFFECTIVENESS DATE:		20170428

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Variable Insurance Products Fund V
		CENTRAL INDEX KEY:			0000823535
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497K
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	033-17704
		FILM NUMBER:		17792415

	BUSINESS ADDRESS:	
		STREET 1:		245 SUMMER STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02210
		BUSINESS PHONE:		617-563-7000

	MAIL ADDRESS:	
		STREET 1:		245 SUMMER STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02210

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIDELITY BOSTON STREET TRUST
		DATE OF NAME CHANGE:	19951101

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SPARTAN U S TREASURY MONEY MARKET FUND
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIDELITY U S TREASURY MONEY MARKET FUND L P
		DATE OF NAME CHANGE:	19900828
<SERIES-AND-CLASSES-CONTRACTS-DATA>
<EXISTING-SERIES-AND-CLASSES-CONTRACTS>
<SERIES>
<OWNER-CIK>0000823535
<SERIES-ID>S000025269
<SERIES-NAME>Freedom 2040 Portfolio
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000075277
<CLASS-CONTRACT-NAME>Initial Class
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000075278
<CLASS-CONTRACT-NAME>Service Class
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000075279
<CLASS-CONTRACT-NAME>Service Class 2
</CLASS-CONTRACT>
</SERIES>
</EXISTING-SERIES-AND-CLASSES-CONTRACTS>
</SERIES-AND-CLASSES-CONTRACTS-DATA>
</SEC-HEADER>
<DOCUMENT>
<TYPE>497K
<SEQUENCE>1
<FILENAME>filing237791363.htm
<TEXT>
Document 1 - file: filing237791363.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>fipro_logo.jpg
<TEXT>
Document 2 - file: fipro_logo.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>img79014083.jpg
<TEXT>
Document 3 - file: img79014083.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>img237382425.jpg
<TEXT>
Document 4 - file: img237382425.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>img237382672.jpg
<TEXT>
Document 5 - file: img237382672.jpg

</DOCUMENT>
</SEC-DOCUMENT>