Fidelity low price stock fund reopens to investors

Fidelity Investments is pleased to announce that Fidelity Low-Priced Stock Fund, which has been closed to new plan participants since July 2004, will be available to all participants in retirement plans that currently offer Fidelity Low-Priced Stock Fund, effective May 13, 2008. Your plan offers Fidelity Low-Priced Stock Fund, so you will now have the opportunity to invest in this fund if you wish.

Below is a description of the fund:

Fidelity Low-Priced Stock Fund

What it is: A growth mutual fund.
Goal: Seeks to provide capital appreciation.
What it invests in: Primarily invests at least 80% of its assets in low-priced stocks (those priced at or below $35 per share), which can lead to investments in small and medium-sized companies. The fund may potentially invest in stocks not considered low priced. Investments in smaller companies may involve greater risk than those in larger, more well known companies. The fund may invest in securities of domestic and foreign issuers. The fund may invest in "growth" or "value" stocks, or both. If you sell any of your shares after holding them for less than 90 days, the fund will deduct a short-term trading fee from your account equal to 1.5% of the value of the shares sold. Share price and return will vary.

Who may want to invest:

• Someone with a conservative portfolio who is interested in investing part of his or her money more aggressively.
• Someone who is comfortable taking the increased investment risk that comes with investing in smaller, lesser-known companies, and who can invest over the long term.

No action is required on your part. If you have questions, or wish to review the investment options in your plan, please visit 401k.fidelity.com or fidelity.com/atwork, or contact Fidelity.