Fidelity Helps Investors Maximize Savings with No-fee IRA and New Rewards Card

New Survey Reveals:

•		The majority of Americans surveyed (61 percent) are more encouraged about saving for retirement.
•		Three out of four (78 percent) IRA and workplace savings plan owners are confident that current investments will provide solid returns for their retirement.
•		More than half (56 percent) of all retirement savers and IRA owners believe that missing one year of contributing $3,000 would impact their savings.

BOSTON, January 12, 2004 - With the stock market's improved performance in 2003, the majority of Americans surveyed (61 percent) are more encouraged about saving for retirement according to a recent Fidelity poll. In fact, of the more than 27 million Americans who contributed to an IRA last year and have either contributed or plan to contribute for tax year 2003, virtually all (94 percent) report that their IRA contribution amount will stay the same (62 percent) or increase (32 percent).

The Fidelity survey shows that American retirement savers have a positive outlook and recognize the importance of regular contributions. Three out of four (78 percent) are confident that their current investments will provide solid returns for their retirement. Furthermore, more than half (56 percent) of all retirement savers and IRA owners recognize that missing one year of contributing $3,000 would have an impact on their retirement savings.

"As the IRA turns 30 this year, saving for retirement remains one of the most important financial goals that investors face," said Jeff Carney, President, Fidelity Personal Investments. "Investors who contribute to retirement accounts early on and take advantage of every opportunity to maximize savings can improve their chances for generating a steady stream of income throughout retirement."

Today, 64 million Americans own a contributory IRA. According to Carney, as investors become more confident about the market and their retirement future, it is more important than ever that they take action.

Fidelity Offers Investors Additional Ways to Save

To help investors maximize their retirement savings, beginning in January Fidelity will eliminate its $50 annual brokerage fee for both new and existing IRA customers¹. Whether they establish a Roth, Traditional, SEP or Rollover IRA, customers will have access to a broad selection of investment tools and services.

Fidelity is also offering a new Investment Rewards MasterCard which can help investors add to their existing retirement savings² . Card holders can earn 1.5 percent on all eligible purchases, which can be deposited directly into a designated Fidelity brokerage account with an individual, joint, Traditional IRA, Roth IRA or Rollover IRA registration.

Investors interested in learning more about Fidelity's new offers or discussing retirement savings options can visit one of Fidelity's 91 local investor centers to meet one-on-one with a financial representative, call 1-800-FIDELITY or visit Fidelity's online Retirement Resource Center at www.fidelity.com/retirement/.

About the Survey

A telephone survey was conducted for Fidelity Investments by Opinion Research Corporation International among a national probability sample of 606 American household financial decision-makers who are saving for retirement. Interviews were completed between December 19-22, 2003. The margin of error is +/- 4% and results were tested at the 95% confidence level.

About Fidelity

Fidelity Investments is one of the world's largest providers of financial services with custodied assets of $1.7 trillion, including managed assets of $954.3 billion as of November 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.

¹ Other fees still apply, including mutual fund management fees and expenses, low-balance fees and short-term trading fees on certain mutual funds, brokerage commissions and account closing fees.
² MasterCard is an independent entity, not affiliated with Fidelity Investments.

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Fidelity Brokerage Services LLC, Member NYSE, SIPC,
100 Summer Street, Boston, MA 02110