BOSTON, November 3, 2003 -- Fidelity Investments today announced a series of enhancements to its popular Advisor CHANNEL^® open technology platform, including new trading capabilities, expanded third-party interfaces and increased technology training. This integrated analysis, trading and reporting platform helps registered investment advisors realize operational efficiencies and enhance client service.

Among the major enhancements, Fidelity announced that its advisor technology platform is now available in a SQL Server version to meet the needs of large-scale advisors. The new version offers advisors faster processing¹ that is required to manage thousands of accounts and orders on a daily basis.

"Technology continues to play an important role in helping advisors more effectively service clients and drive business growth," said Jay Lanigan, president, Fidelity Registered Investment Advisor Group. "These latest enhancements reflect Fidelity's ongoing commitment to offering advisors - from the largest institutional traders to advisors who are just getting started - an open, scalable technology platform that facilitates straight-through processing² and helps meet their particular business needs."

New Trading Capabilities

Specific-Share Trading. Fidelity has added specific-share trading to its technology platform, enabling advisors to identify, track and sell specific lots of underlying equity positions. Advisors now have the ability to increase control over the tax implications of their investment strategies by helping them select specific lots when selling equity and mutual fund positions.

Enhanced Web Trading. Fidelity has expanded its web trading capabilities to provide advisors with more flexibility to manage their customers' equity, mutual fund and option portfolios in the office, from home, or on the road.

Expanded Data Interfaces

Fidelity has strengthened its data interface capabilities with third-party portfolio management systems, including Financial Information Network (FIN) and StatementOne.

Financial Information Network. Through its enhanced interface with FIN, Fidelity is enabling its advisor clients to seamlessly access their client account data custodied with Fidelity. FIN offers advisors automated order entry and placement, electronic reconciliation, cost-effective portfolio management of multiple accounts, and performance measurement and reporting as well as web reporting.

StatementOne. Fidelity's relationship with StatementOne has been expanded to include a direct data feed. Advisors who use StatementOne's services can now authorize Fidelity to send their client account data, on a daily basis, directly to StatementOne, providing them with a more complete picture of their clients' financial holdings. StatementOne is an enterprise financial data consolidation and portfolio accounting platform that allows advisors the ability to consolidate all their clients' account information from multiple institutions into a single portfolio view.

"Expanding interface capabilities with third-party systems offers advisors additional ways to access client account data, so that they can more easily deliver comprehensive, customized wealth planning strategies and performance reports based on a client's overall portfolio," said Lanigan. "Establishing multiple data interfaces is consistent with our commitment to providing advisors the flexibility to choose the interfaces that best meet their business needs."

Increased Training

Fidelity continues to strive to make it easier for advisors and their staff to adopt and maximize its technologies by expanding its online training. Advisors can now be trained virtually on new and enhanced technologies. The training capability complements existing support services, including regional, client-site and phone-based training.

About Fidelity Registered Investment Advisor Group

Fidelity is the second largest provider of custody and brokerage services to the registered investment advisor marketplace, with nearly $87.8 billion in assets on behalf of more than 1,900 advisors as of September 30, 2003. Fidelity provides access to a flexible, open technology environment, extensive practice management resources, and wealth management investments and services--all backed by the long-term commitment of a private company. Dedicated relationship professionals work consultatively to help advisors choose the products and services that are in the best interests of their clients and make the most sense for their business. For more information about Fidelity's services for advisors, please visit http://ria.fidelity.com.

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 $905.6 billion as of September 30, 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.

About Financial Information Network (FIN)

Since 1969, FIN has provided a portfolio-management solution for real-time management of thousands of portfolios in an SMA or managed-account environment. A friendly Windows-based system, it generates orders and blocks trades with integrated compliance plus electronic trading, and settles automatically. Manage-by-model, performance management and fee invoicing are included with many other capabilities. FIN easily automates tasks available only by custom programming on other systems. FIN includes corporate action automation as well as database maintenance and extensive disaster-recovery capabilities. For more information, visit www.fingps.com.

About StatementOne

Founded in 1993, StatementOne consolidates enterprise investment account data, delivering an easy-to-use Web-based portfolio accounting and performance reporting solution to financial institutions. StatementOne currently manages account data for more than 60 financial institutions, representing over $500 billion in assets, tens of thousands of financial advisors and millions of investors. Their current clients include independent broker-dealers, banks, credit unions and insurance companies.

¹ Response time may be subject to market conditions, volatility, volume or system capacity.
² Orders placed through Fidelity's trading systems are sent directly to the markets via Fidelity's computer systems that verify that the order passes standard trading and account requirements.

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Financial Information Network and StatementOne are independent organizations and not affiliated with Fidelity Investments.

Clearing, custody or other brokerage services may be provided by National Financial Services LLC or Fidelity Brokerage Services, LLC. Members NYSE, SIPC.