As Demand for Fixed-Income Products Increases,
Auto Roll Program Helps Customers Implement Continuous Investment Strategy

BOSTON, March 25, 2009 - At a time when many investors are seeking more conservative investment options, Fidelity Investments^® today announced it is the first major online brokerage firm to offer a program that can help customers remain properly allocated in fixed income products, automatically, in accordance with their investment objective. Fidelity's online Auto Roll Program allows customers to have the principal of their matured new-issue U.S. Treasury Bills, Notes and FDIC-insured Certificates of Deposit (CDs) automatically reinvested into similar new-issue instruments, making it easier for customers to remain fully invested.

The Auto Roll Program's disciplined methodology takes into consideration the original instrument's security type, size, term to maturity, and coupon frequency to ensure the new purchase matches the customer's existing investment objective. Customers can verify that the pending trade matches their objectives through a Fidelity e-mail alert. If they decide not to reinvest, there is an option to cancel the trade.

"At Fidelity, we've seen a substantial increase of new money flowing into bonds and CDs over the past 12 months," said Richard Carter, vice president in Fidelity's retail brokerage business. "Short maturity bonds and CDs of one year or less are receiving a large portion of these flows, and these investments by their very nature require more investor attention, as they must track short-term maturity dates and be ready to take action. Auto Roll's automatic reinvestment feature, which is not currently offered by other brokerage firms, should make it easier and more efficient for customers to buy and manage shorter term bonds."

Flexibility of the Auto Roll Program

Once a customer subscribes to the Auto Roll Program, Fidelity will continue reinvesting their Treasury or CD principal until the customer cancels the Auto Roll feature, making it essentially a one-step decision to make sure they continue to have a portion of their portfolio invested in these products indefinitely.

•		Auto Roll is available for new-issue Treasuries and CDs with a term to maturity of five years or less. Over sixty percent of Fidelity's CD customers currently choose a maturity date of eighteen months or less.
•		Customers check "yes" to subscribe to the Auto Roll Program online, directly from any Treasury or CD trade screen, and are brought to the online Auto Roll Service Agreement.
•		Once subscribed, customers can choose on a trade-by-trade basis to have their Treasury and CD securities participate in the Auto Roll Program indefinitely.
•		Customers can cancel Auto Roll at any time, clearing it from all existing holdings and future trades.
•		If a Treasury or CD is not found that matches the original investment, Fidelity will alert the customer and move the principal of the mature instrument to the default cash position in his or her brokerage account. Customers can then discuss fixed-income alternatives with a Fidelity representative.

"Fidelity is a leader in bond and CD pricing, transparency and inventory," Carter continued. "Auto Roll is one more way we are making investing easier for our customers."

About Fidelity Investments

Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of $2.4 trillion, including managed assets of nearly $1.2 trillion as of February 28, 2009. 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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Bond funds entail interest rate risk (as interest rates rise bond prices usually fall), the risk of issuer default, issuer credit risk and inflation risk.

CDs issued by FDIC-insured institutions and held in Fidelity accounts are generally insured up to the following limits: Up to $250,000 per account owner per institution. On October 3, 2008, certain FDIC insurance coverage limits for non-retirement accounts were temporarily increased from $100,000 to $250,000. These temporary increases will remain in effect until December 31, 2009. Additional information can be found on the FDIC website. CDs held in non-retirement accounts which mature after 12/31/2009 will be eligible for up to $250,000 in coverage up to the 12/31/2009 date. After that the insurance will revert to the $100,000 level.

If you want to buy or sell a CD, Fidelity Brokerage Services LLC ("FBS") may charge you a fee. This concession will be applied to your order, and you will be provided the opportunity to review it prior to submission for execution. CDs are made available through our affiliate National Financial Services LLC ("NFS") and from various third-party providers, including participants on the BondDesk platform, with FBS normally acting as riskless principal or agent. These offering brokers, including NFS, may separately mark up or mark down the price of the security and may realize a trading profit or loss on the transaction.

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