New Funds also to offer lower-priced Fidelity Advantage Class shares

BOSTON, January 5, 2006 -- Fidelity Investments^® today announced that it has launched three low-cost Treasury bond index funds, strengthening its index fund product line and expanding the number of index funds it offers investors from nine to 12. Spartan Short-Term Treasury Bond Index Fund, Spartan Intermediate Treasury Bond Index Fund and Spartan Long-Term Treasury Bond Index Fund may be appropriate for investors who wish to avoid credit risk and are seeking the income and tax benefits that derive from Treasuries. The funds are available for purchase beginning today.

Each fund will offer the low cost Fidelity Advantage Class shares and also the standard Investor Class shares. Customers will be eligible to invest in Fidelity Advantage Class shares - at expenses contractually capped at 10 basis points - if they have a minimum of $100,000 to invest in one of the three new Treasury index funds. Investors who do not meet the $100,000 minimum will invest in the low-priced Investor Class - with expenses of 20 basis points.

"Our new Treasury Index funds have to potential to benefit two categories of investors," said John Sweeney, senior vice president, Fidelity Personal Investments. "First, the funds should appeal to investors who currently buy or ladder individual Treasury securities and might like the convenience of investing in mutual funds. In addition, investors already owning a Treasury bond fund might want to consider these low-cost alternatives. With these new funds, we are reinforcing our message to shareholders that we are firmly committed to providing them with high-quality index funds that are among the lowest cost in the market."

Each fund will normally invest at least 80% of its assets in U.S. Treasury securities included in its respective index.

•		Spartan Short-Term Treasury Bond Index Fund will seek a high level of current income in a manner consistent with preservation of capital. The fund will be managed to the Lehman Brothers 1-5 Year Treasury1 Index and will normally maintain a dollar-weighted average maturity of less than three years.
•		Spartan Intermediate Treasury Bond Index Fund will seek a high level of current income. The fund will be managed to the Lehman Brothers 5-10 Year Treasury2 Index and will normally maintain a dollar-weighted average maturity of between three and ten years.
•		Spartan Long-Term Treasury Bond Index Fund will seek a high level of current income. The fund will be managed to the Lehman Brothers Long Treasury3 Index and will normally maintain a dollar-weighted average maturity of 10 years or more.

Although bonds generally present less short-term risk and volatility than stocks, bonds do contain interest rate risk (as interest rate rise, bond prices usually fall and vice versa) and the risk of default, or the risk that an issuer will be unable to make income or principal payments. Additionally, bonds and short-term investments entail greater inflation risk, or the risk that the return of an investment will not keep up with increases in the prices of goods and services, than stocks.

William Irving will manage the three funds. Irving has been managing fixed-income portfolios since 2004 and will continue to manage the Fidelity Advisor Inflation Protected Bond Fund and co-manage Fidelity Advisor Government Investment Fund. He also manages several taxable bond portfolios including Fidelity Ginnie Mae Fund and Fidelity Inflation Protected Bond Fund. Irving joined Fidelity's Fixed-Income Division in 1999 as a quantitative analyst.

About Fidelity Investments

Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of $2.3 trillion, including managed assets of $1.1 trillion as of October 31, 2005. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to more than 20 million individuals and institutions as well as through 5,500 financial intermediary firms. 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.

¹The Index is composed of investment-grade fixed-rate public obligations of the U.S. Treasury with maturities between one and five years.

²The Index is composed of investment-grade fixed-rate public obligations of the U.S. Treasury with maturities between five and 10 years.

³The Index is composed of investment-grade fixed-rate public obligations of the U.S. Treasury with maturities of ten years or more.

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For more complete information on any Fidelity fund, including charges and expenses, call or write to Fidelity or visit fidelity.com for a free prospectus. Read it carefully before you invest or send money.

Fidelity Distributors Corporation
82 Devonshire Street, Boston, MA 02109