Fidelity to Offer College Planning Seminars in 91 Investor Centers Nationwide

BOSTON, August 21, 2003 - Fidelity Investments today announced a number of enhancements to its award-winning¹ college planning Web site. The site, available at www.fidelity.com/college, provides information and useful tools to help families plan for a child's college education. The College Planner tool allows parents to compare costs of specific colleges, such as their alma mater versus another school, calculate the potential growth of existing savings and identify where savings may fall short. Using built-in Instant Messenger technology, parents can communicate with a financial representative, in real-time, as they evaluate costs and identify savings options.

"With costs steadily rising² at institutions of higher education throughout the country, it is more important than ever for parents to have a plan to help them save so they are better prepared for the significant costs associated with sending a child to college," said Bob Corcoran, vice president, Fidelity Investments. "As millions of children head back to school in the coming weeks, Fidelity is providing a host of solutions to help families establish and maintain an effective college savings plan."

Parents who prefer to learn in person are invited to attend a free financial seminar entitled, "College Planning: Options for Your College Savings." The seminar will teach parents how to gauge their college savings readiness, discuss strategies to achieve their goals and learn more about the benefits of tax savings available through a Fidelity 529 Plan³. College planning seminars that are open to the public will take place at investor center locations nationwide in the coming months.

About Fidelity-Managed 529 College Savings Plans

Fidelity-managed 529 Plans offer residents of any state the opportunity to save federal income tax for their children's future college education at accredited colleges and universities nationwide⁴. The plans offer professional money management, high contribution limits, no income restrictions and the ability for parents to maintain control of an account specifically dedicated for college savings. Fidelity currently manages more than $3 billion in college savings dollars in 529 Plans including the UNIQUE College Investing Plan, the U.Fund College Investing Plan, the Delaware College Investment Plan and the Fidelity Advisor 529 Plan.

For more information on 529 Plans, including a list of College Planning seminars, families may visit www.fidelity.com/college, call 1-800-544-1914 or consult their employer or financial advisor.

Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of $1.6 trillion, including managed assets of $889.9 billion as of July 31, 2003. Fidelity offers investment management, retirement planning, brokerage, human resources and benefits outsourcing services to 18 million individuals and institutions as well as through 5,500 financial intermediaries. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, one of the largest mutual fund supermarkets and a leading online brokerage firm. For more information about Fidelity Investments, visit www.fidelity.com.

¹ Kasina, "2003 Top Web Sites - 529 Plans"
² The College Board, "Trends in College Pricing," 2002
³ The UNIQUE College Investing Plan, U.Fund College Investing Plan, and Delaware College Investment Plan are offered by the State of New Hampshire, Massachusetts Educational Financing Authority, and State of Delaware, respectively. If you are not a New Hampshire, Massachusetts, or Delaware resident, you may want to investigate whether your state offers its residents a plan with alternate tax advantages. Units of the Portfolios are municipal securities and may be subject to market fluctuation and volatility. Provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 ("EGTRRA") will expire on December 31, 2010. Unless the law is extended by Congress and the President, the federal tax treatment of 529 plans will revert to its status prior to January 1, 2002.
⁴Ibid.

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