New Interfaces to Trust Accounting Systems Complement Existing Trustee Capabilities,
Allowing Advisors to Choose Service That Meets Their Unique Needs

BOSTON, April 26, 2004 - Fidelity Investments today announced that it has expanded its Fidelity Trustee Services platform to include interfaces to SunGard's AddVantage and Charlotte trust accounting and asset management systems, a service that offers independent registered investment advisors managing assets within a trust environment access to the unique combination of trust and brokerage capabilities.

Through an exclusive relationship between Fidelity and Birmingham, Alabama-based SunGard Asset Management Systems, an operating group of SunGard (NYSE: SDS), advisors now have access to an integrated brokerage platform as well as sophisticated personal trust accounting capabilities, including cash management, trust statements, and client access to portfolio and account information.

For those advisors not affiliated with a trust institution, Fidelity Trustee Services offers them the ability to delegate administrative and reporting capabilities to Fidelity Personal Trust Company, FSB (the Trust Company)¹, while maintaining investment management control.

"High-net-worth households continue to face a variety of sophisticated and complex planning needs - from estate planning to intergenerational transfer of wealth," said Jay Lanigan, president, Fidelity Registered Investment Advisor Group. "Advisors who are able to offer a range of personal trust services, as part of a comprehensive wealth management platform, will be in an excellent position to strengthen existing client relationships, while extending those relationships into future generations.

"With the addition of interfaces to SunGard's trust accounting and asset management systems, we are able to offer advisors the ability to choose the trust services that are consistent with the way they do business and how they choose to service their affluent clients," added Lanigan.

Through this offering, advisors working within a trust environment can choose from a fully disclosed or an omnibus model, depending on their needs and preferences. The fully disclosed account model will provide access to Fidelity's comprehensive brokerage capabilities, including check writing, margin, options and other services. The omnibus account model will facilitate trading as well as provide access to expanded investment choice.

In addition to the new trust accounting interface capabilities, Fidelity Trustee Services offers a range of other trustee services:

•		Agent for Trustee Services. Through this service, a trustee 2 can hire the Trust Company to act on their behalf and perform certain trust administration activities under the guidelines of the trust document. The trustee retains fiduciary responsibility, while the advisor retains investment management responsibility.
•		Trustee Reporting Services 3. This service allows advisors to provide their clients with enhanced accounting and reporting - principal and income separation, tax lot accounting, marketable and non-marketable securities - for their investment portfolios held at Fidelity.
•		Administrative Trustee Services. Introduced in 2001, this service allows an advisor's client to appoint the Trust Company as corporate trustee. The Trust Company assumes administrative responsibilities, including custody, accounting, tax filing and reporting, while the advisor maintains investment management responsibility.

These services are integrated with Fidelity's brokerage platform, increasing the breadth of investment products available to the trusts.

About SunGard Asset Management Systems

SunGard Asset Management Systems provides a comprehensive range of asset management solutions to global financial institutions, regional asset management institutions, community banks, investment advisors, foundations, and fiduciaries. SunGard delivers integrated solutions for investment management, personal trust, institutional trust, employee benefits, private banking, custody operations, and securities lending that help institutions to profitably serve their high net worth clients.

About SunGard

SunGard is a global leader in integrated software and processing solutions, primarily for financial services. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 20,000 customers in more than 50 countries, including the world's 50 largest financial services companies. SunGard (NYSE:SDS) is a member of the S&P 500 and has annual revenue of $3 billion. Visit SunGard at www.sungard.com.

About Fidelity Registered Investment Advisor Group

Fidelity is the second largest provider of custody and brokerage services to the registered investment advisor marketplace, with $106.7 billion in assets on behalf of more than 2,130 advisors as of March 31, 2004. 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 $1.9 trillion, including managed assets of $1,021.3 billion as of March 31, 2004. 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 Fidelity Personal Trust Company, FSB (FPT) is a federal savings bank, a registered investment advisor, and a Fidelity Investments company. Non-deposit investment products offered through FPT and other affiliates of Fidelity Investments are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency, are not obligations of any bank, and are subject to risk, including possible loss of principal.

² Under this service an advisor, client or family member can act as trustee.

³ Fiduciary Reporting Services (FRS) are provided by National Financial Services LLC and Fidelity Brokerage Services LLC. These firms also provide custody, accounting, and reporting, but do not provide fiduciary services to trustees or trust accounts. Under FRS, Fidelity will not review governing trust documents and does not provide advice to trustees. If a trustee desires to delegate or outsource any non-discretionary administrative functions of a trustee, Fidelity provides Agent for Trustee Services offered through Fidelity Personal Trust Company, FSB.

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

Estate planning and tax information provided by Fidelity is general in nature and should not be considered legal or tax advice. Fidelity does not provide legal or tax advice. Clients should consult with an attorney or tax professional regarding any specific legal or tax situation.

SunGard is an independent company and is not affiliated with Fidelity Investments.