Firm Strengthens Commitment to Helping Retail Investors Diversify
Through Fixed Income;
First Major Brokerage to Integrate Real-Time Bond Trading Information;
Six New Bond Types Added

BOSTON, Sept. 27, 2006 - As part of its ongoing effort to help individuals diversify their portfolios through fixed-income investments, Fidelity Investments today introduced significant enhancements to its Open Bond Market site. This information center is Fidelity's online destination for comprehensive tools and information on fixedincome securities, helping make the trading of individual bonds more accessible, affordable and easier to understand.

Retail customers now have access to an expanded fixed-income inventory including six new bond types, integrated real-time buy/sell trading data for municipal and corporate bonds, information about material events that may affect specific bonds, customizable execution alerts, and in-depth information about Fidelity's inventory of Certificates of Deposit (CDs).

Fidelity launched the industry's first municipal bond fund in 1976, and has been helping retail investors diversify their portfolios through the fixed-income markets ever since. The firm now manages 42 bond mutual funds with more than $69 billion in assets. Fidelity has offered investors access to individual bonds since 1985.

"Two years ago, Fidelity became the first major retail brokerage firm to begin demystifying the traditional process of selecting and trading bonds by simplifying and disclosing trading charges, offering bond price transparency, along with an extensive suite of sophisticated tools," said Sanjiv Mirchandani, executive vice president of Fidelity Personal Investments. "Since then, we've seen a tremendous response to our bond offering with retail customers making 80 percent of bond trades online up from 30 percent in early 2004."

Enhancements include six new bond types that can be viewed and traded online - Treasury Inflation Protected Securities, Principal Protected Notes, Inflation Protected Certificates of Deposit, secondary Certificates of Deposit (CDs), Municipal Resets and Corporate high yield bonds. Fidelity's inventory, now more than 10,000 fixed-income securities, focuses on bonds which have been pre-screened using methodologies to help ensure access to reasonably priced offerings.

Additionally, Fidelity is the first major retail brokerage firm to offer fully integrated access to data on recent bond trades - buy/sell, quantity and price per bond updated in real-time - from the Municipal Securities Rulemaking Board (MSRB) and the NASD's Trade Reporting and Compliance Engine (TRACE) for municipal and corporate bonds, respectively.

The firm also has added new e-mail alerts that enable retail investors to receive notification of material events affecting bonds and execution alerts that confirm when a trade has been executed. Execution alerts are particularly useful for investors trading new issues and primary CDs since these fixed-income securities may not trade daily. In addition, Fidelity has added more information about the CDs in its inventory. This new information includes settlement dates, quantities available, bank states, expected yields and information related to FDIC and Blue Sky laws.

"Fixed-income investments are an important part of a balanced and diversified investment portfolio," added Mirchandani. "We believe that, for most investors, professionally managed bond funds offer the most effective and convenient way to invest in fixed-income securities. At the same time, we recognize that portfolios of individual bonds may be appropriate for some investors who are willing and able to spend time analyzing numerous factors such as bond type, yield, maturity date and tax treatment. In the end, we want to make diversifying through fixed-income as easy and understandable as possible for all investors."

The new fixed-income functionality enhancements are the latest bond-related initiatives introduced by Fidelity. Earlier this year, the firm launched three low-cost Treasury bond index funds - Spartan Short-Term Treasury Bond Index Fund, Spartan Intermediate Treasury Bond Index Fund, and Spartan Long-Term Treasury Bond Index Fund. In June 2005, the firm announced new fixed-income pricing initiatives for retail investors. Expenses on Fidelity's 12 taxable, investment-grade bond funds available directly to investors were lowered to 0.45 percent, representing reductions of up to 31 percent. Expenses for these funds also were fixed at this level contractually, meaning they cannot be raised without a vote of the funds' Board of Trustees.

In September 2004, Fidelity introduced:

•		Simplified and disclosed pricing ranging from $1 to $5 per bond, regardless of the number of bonds selected, the value of the bond or the date at which the bond will mature (US Treasuries - $1/bond; Government Agencies, Treasuries Strips and Certificates of Deposit - $2/bond; Municipals - $3/bond; Investment grade Corporates - $4/bond; Non-Investment grad Corporates, Mortgage Backed Securities and others - $5/bond). In addition to those fees, the offering broker, which may be Fidelity Brokerage Services' affiliate, National Financial Services, or a participant on the BondDesk platform, may realize a profit or loss on the transaction.
•		Detailed and historical trade pricing information for municipal bonds from the Municipal Securities Rulemaking Board and for corporate bonds from the NASD's Trade Reporting and Compliance Engine.
•		Sophisticated trading data including Bid-side quotes, when available, estimated bond market value and convexity and duration information.
•		Online tools that simplify bond comparisons and analysis including Fidelity's inventory Scatter Graph, Bond Ladder tool and Bond Compare functionality.
•		Expanded inventory of approximately 5,000 investment-grade bonds. In November 2004, Fidelity reduced concession schedules for online bond trades by half, established pricing caps and added the ability for customers to sell bonds online.

About Fidelity Investments

Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of more than $2.7 trillion, including managed assets of $1.3 trillion as of August 31, 2006. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to more than 22 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.

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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

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