BOSTON, September 9, 2003 - Fidelity Management Trust Company today announced that it has strengthened its West Coast relationship management and consultant relations teams with the appointments of Eric Winterhalter and Robert Strachan to senior vice president.

Winterhalter is responsible for managing relationships with Fidelity's defined benefit clients on the West Coast. He will focus on building strategic relationships by providing investment solutions to help meet the needs of each institutional client.

Strachan will serve as a leader on Fidelity's Consultant Relations team. He will oversee and manage the company's relationship efforts with defined benefit consultants in Fidelity's West Coast region.

"The market environment over the past few years has forced many defined benefit plan sponsors and their consultants to dedicate even greater resources to developing long-term solutions to plan funding issues," said Christopher Keating, executive vice president, Fidelity Management Trust Company. "Eric and Bob both bring extensive institutional relationship management experience that will be a tremendous benefit to our institutional clients and their consultants as we partner with them to provide innovative solutions to meet their needs."

Prior to joining Fidelity, Winterhalter held a variety of positions at Putnam Investments over his 10-year career. Most recently he served as senior vice president of institutional management, responsible for generating new business on the West Coast.

Prior to joining Fidelity, Strachan served as vice president of client service and marketing at STW Fixed Income Management, where he was responsible for client service, national sales, and new business development. From 1994 to 2000, Strachan served as senior manager research analyst at Frank Russell Company where he provided extensive evaluation and relative rankings of investment managers. Strachan is a Chartered Financial Analyst (CFA).

About Fidelity Management Trust Company

Fidelity Management Trust Company manages $72 billion for more than 482 institutional clients worldwide, including corporate and public retirement funds, endowments, foundations and other institutional investors. The company offers institutional asset management for active and risk-controlled equity, fixed-income, international equity, real estate and alternative disciplines such as market neutral. The company is affiliated with Fidelity Employer Services Company, which provides human resources administration and employee benefits solutions to more than 15 million participants in more than 11,500 retirement, pension, health and welfare, payroll and stock plans as of June 30, 2003.

About Fidelity Investments

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.

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Fidelity Distributors Corporation 82 Devonshire Street, Boston, MA 02109