BOSTON, October 18, 2006 - Fidelity Investments today announced third-quarter results for Fidelity Brokerage Company showing that total client assets increased 17 percent, daily average revenue trades rose five percent and total client accounts remained steady for the three months ending September 30, 2006, compared with the third quarter of 2005.

For the third quarter of 2006, total client assets under administration were $1.6 trillion, an increase of 17 percent from $1.4 trillion one year ago, while daily average commissionable trades were 277,746, up five percent from 263,267 in the third quarter of 2005. Total client accounts increased to 16.6 million.

Fidelity Brokerage Company also reported that net new client assets, which include sales of Fidelity and non-Fidelity mutual funds and individual securities, were $27.8 billion, a decrease of 58 percent compared with $66.7 billion in the third quarter of 2005, resulting from several large institutional client implementations in the same period a year ago.

First Nine Months Results

For the nine months ended September 30, 2006, Fidelity Brokerage Company retail net new client assets were $48.9 billion, an increase of 61 percent compared with $30.3 billion during the first nine months of 2005. Daily average commissionable trades were 303,610 in the first nine months of 2006, an increase of 21 percent over the same period in 2005.

"Despite a normal seasonal slowdown, we saw growth in both our retail and institutional businesses, with client assets rising by $228 billion year over year driven in part by our continued strength in retail retirement flows," said Ellyn A. McColgan, president, Fidelity Brokerage Company. "We will continue to expand and enhance our broad range of brokerage services for individual investors, registered investment advisors and broker/dealers to ensure we remain at the forefront of service, value and technology."

Third Quarter Business Highlights

Fidelity Personal Investments, the company's retail brokerage business, strengthened its offering to active traders by integrating economic data within its strategic trading tool for active traders, Wealth-Lab Pro^®, and enhanced its Open Bond Market site with an expanded online inventory of fixed-income securities and real-time buy/sell trading data for municipal and corporate bonds.

During the quarter, Fidelity's Registered Investment Advisor business announced collaboration with SunGard to integrate its brokerage services with the transaction processing capabilities of the SunGard Transaction Network (STN). Through the joint offering, nearly 600 financial intermediary customers with assets of approximately $100 billion, currently using STN, will gain access to an enhanced set of services accessible through a single connection, helping them to more effectively process their clients' wealth management and retirement plan needs. Fidelity also expanded its support for registered investment advisors with new retirement business planning resources that enable advisors to offer a wide range of retirement information and support to clients and prospects including retirement seminars.

National Financial, Fidelity's correspondent broker/dealer business, introduced an imaging platform during the third quarter that will provide brokerage firms and their brokers the ability to more efficiently store, manage and view account documents such as new accounts, distributions and transfer of accounts. This initiative is part of National Financial's ongoing effort to invest in technology, products and services that help its clients streamline workflow and create operational efficiency.

About Fidelity Brokerage Company

Fidelity Brokerage Company, one of the nation's leading brokerage firms, has more than $1.6 trillion in assets under administration, provides investment products, services and technology to 10.6 million individual investor accounts, more than 3,300 registered investment advisors and about 350 broker/dealers and their approximately 70,000 brokers. As of September 30, 2006, it served 16.6 million client accounts and executed more than 277,000 daily average commissionable trades.

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 September 30, 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, the largest mutual fund supermarket 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
National Financial Services LLC, Member NYSE, SIPC