BOSTON, March 3, 2008 - Fidelity Investments^®announced today that the Fidelity^® Nasdaq Composite^®Index Tracking Stock (NASDAQ: ONEQ^®) will declare a quarterly distribution payable to shareholders of record at the close of business on March 25, 2008. The amount of such distribution will be determined after the close of the market on March 19, 2007. The dividend will be paid on March 28, 2008.

Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of $3.3 trillion, including managed assets of more than $1.5 trillion as of January 31, 2008. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to 24 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.

ETFs are subject to market fluctuations of their underlying investments.

Past performance is no guarantee of future results.

Differences between the index and the ETF's portfolio, as well as costs and expenses, may cause differences in performance.

The ETF is managed by Fidelity Management & Research Company. NASDAQ is the listing market; licensor of the index and provides marketing services for the ETF.

Consistent with its investment objective, the ETF may hire or terminate money managers at any time without prior shareholder approval. ETF shares are not individually redeemable from the fund. Shares, other than Creation Units, may be sold only through a broker and may be subject to brokerage commissions.

NASDAQ^® and NASDAQ Composite^®, are registered trademarks of The Nasdaq Stock Market, Inc. (which with its Affiliates are the "Corporations") and are licensed for use by Fidelity. The product(s) have not been passed on by the Corporations as to their legality or suitability. The product(s) are not issued, endorsed, or sold by the Corporations.

THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

Fidelity and Fidelity Investments & (Pyramid) Design are registered trademarks of FMR LLC. ONEQ is a registered trademark of FMR LLC.

Please carefully consider the fund's investment objectives, risks, charges and expenses before investing. For this and other information, 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