SECOND-QUARTER 2008 BROKERAGE RESULTS:

•		Fidelity Investments today announced total client assets across its three brokerage units (Fidelity Retail Brokerage, Fidelity Institutional Wealth ServicesSM and National Financial®) increased 2 percent to $1.919 trillion in the second quarter of 2008 compared to one year ago. The company attributed the growth to consistent positive net new client assets over the past year.
•		Market conditions contributed to increased trading activity across Fidelity's three brokerage units resulting in daily average commissionable trades reaching 416,085 in the second quarter of 2008, up 19 percent from one year ago.
•		Despite the negative macro economic factors currently affecting the market, Fidelity added $23.5 billion in net new client assets under administration across all its brokerage businesses in the second quarter. The firm also added more than 130,000 new brokerage accounts, totaling 18.1 million, which is a 1 percent increase over last year.
•		Fidelity Institutional Wealth Services experienced double-digit growth during the second quarter, with daily average commissionable trades up 41 percent, total client ending assets up 22 percent, total client accounts up 11 percent, and net new client assets up 10 percent compared to the second quarter of 2007.

FIRST HALF 2008 BROKERAGE RESULTS

For the first half ended June 30, 2008, compared to the same period in 2007:

•		Daily average commissionable trades across the three brokerage units reached a first-half record of 428,607, a 21 percent increase.
•		Reflecting Fidelity's competitive retail strength, the Retail Brokerage unit's daily average commissionable trades grew 33 percent.
•		Clients added more than $64 billion in net new assets under administration.

HIGHLIGHTS OF SECOND-QUARTER 2008 INITIATIVES:

•		Fidelity enhanced its retail brokerage offering for individual investors with the release of version 8.0 of its leading trading platform, Active Trader Pro. Version 8.0 delivers tools for better monitoring of current or potential investments, new choices to view the application across single or multiple monitors, and new trading tools to help investors protect their investments. Fidelity also enhanced its best-of-class research platform with environmental, social and governance (ESG) ratings, independently provided by KLD Research & Analytics, Inc. and Audit Integrity, Inc.
•		Fidelity launched a 130/30 mutual fund, which engages in "short" sales as well as "long" investments, fulfilling growing demand among individual investors and financial advisors for institutional-like investment strategies. Fidelity 130/30 Large Cap Fund is managed by Keith Quinton, who has nearly 25-years of investment management experience including specific expertise in quantitative analysis.
•		Fidelity Institutional Wealth Services and National Financial launched HybridOneSM to help meet the distinct needs of firms and advisors that conduct both commission- and fee-based business. HybridOne leverages the combined experience and broad resources of two industry-leading businesses to offer broker/dealers, RIA firms and individual brokers and advisors access to leading-edge technology, investment products, practice management solutions and the service support they need to more efficiently manage their clients' commission- and fee-based accounts.
•		National Financial launched the National Financial Broker & Advisor CenterSM, a comprehensive multimedia portal designed to provide brokers and advisors working on National Financial's Streetscape® workstation exclusive access to a broad range of business building and training resources. The site integrates more than 100 timely broker- and advisor-specific resources, including more than 30 multimedia pieces and more than 40 continuing education (CE) modules1, into one central location.
•		Fidelity Institutional Wealth Services launched its Fidelity WealthCentral Portfolio Modeling and Rebalancing tool, a Web-based system that was designed to allow RIAs to use sophisticated rules and risk-based factors to help them identify, measure and control overall portfolio risk for their client accounts. Fidelity is the first RIA-focused custodian to integrate a rebalancing system, along with other core applications, such as customer relationship management (CRM), into a single workstation.
•		Fidelity Institutional Wealth Services published its annual "Fidelity Millionaire OutlookSM" study, which measures millionaire's confidence in the both the current as well as future state of the U.S. economy. The study found that while the existing U.S. economic outlook among millionaires was negative, millionaire respondents were anticipating a significant improvement one year from now.

About Fidelity Investments

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 June 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 www.fidelity.com.

¹Provided by Forefield Inc. through an alliance with National Financial.

Before investing, consider the fund's investment objectives, risks, charges and expenses. Contact Fidelity for a prospectus containing this information. Read it carefully.

Trademarks and service marks are the property of FMR LLC or its affiliated companies.

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

National Financial Services LLC, Member NYSE, SIPC
200 Liberty Street, NY4F, New York, NY 10281

Fidelity Distributors Corporation
82 Devonshire Street, Boston, MA 02109