Former Thomson Reuters Senior Executive
To Oversee Fidelity Management & Research Company,
Pyramis Global Advisors, Strategic Advisers

BOSTON, June 12, 2008 - Fidelity Investments announced today that Michael E. Wilens, a senior executive at Thomson Reuters, was joining the firm as head of Asset Management.

"For some time now, we have been looking for an exceptional executive to provide cohesive oversight of Fidelity's three major investment divisions," said Fidelity President Rodger A. Lawson, to whom Wilens will report. "As the range of investment products and services offered by these groups grows more diverse, we need a highly experienced business leader who can offer in-depth management expertise and guidance to the executives directly in charge of our investment experts."

Lawson said Wilens will join Fidelity in mid-July and be a member of the firm's Executive Committee. He will oversee Fidelity Management & Research Company (FMRCo), Pyramis Global Advisors and Strategic Advisers. Among his responsibilities, Wilens will provide management oversight to the asset management groups, work closely with Fund Trustees and direct the firm's investment technology and operations areas.

Wilens was a member of the seven-person Executive Committee at Thomson Reuters, a leading source of intelligent information for businesses and professionals in the financial, legal, tax and accounting, scientific and healthcare markets that was formed recently by the merger of The Thomson Corporation and Reuters Group PLC. He reported directly to the firm's chief executive, with responsibility for growth strategies, particularly as they relate to new technologies; corporate-level projects that leveraged the firm's knowledge; and managing ongoing corporate technology functions.

"Amid rapid changes in the world's investing environment, I am confident that Mike's broad business, management and leadership skills will help Fidelity not only meet the many challenges we face but take advantage of a host of growth opportunities," said Lawson.

FMRCo acts as the investment advisor to Fidelity's family of mutual funds. Pyramis is an investment management firm focused on serving institutional investors, including corporate and public retirement funds, endowments, foundations, and other institutions, as well as non-U.S. investors. Strategic Advisers is a registered investment advisor providing investment management services through Fidelity's retail, institutional and intermediary distribution channels.

About Fidelity Investments

Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of more than $3.3 trillion, including managed assets of more than $1.5 trillion as of April 30, 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 Fidelity.com.

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