Fidelity Magellan Fund

(FMAGX)

No Transaction Fee¹

Expense Ratio: as of 05/30/2009	0.71%
Expense Ratio after Reductions: as of 09/30/2009	0.74%
Lipper Growth Avg. Most recent data available	1.29%
Small Balance Fee ²

See prospectus for more information on Fees, Expenses & Loads.

Minimum Initial Investment³	$ 2,500
Minimum Retirement	$ 2,500
Minimum Additional Investment	$ 0
Minimum Automatic Account Builder	$ 0
Minimum Balance	$ 2,000
Retirement Accounts	Yes
Check Writing	No
Direct Deposit	Yes
Direct Deposit Minimum	$0
Automatic Account Builder	Yes
Exchange Redemptions Maximum in a year	Yes
Simple IRA	Yes

You can receive a prospectus from Fidelity by mail.

as of 10/31/2009

Dividends:	May, December
Capital Gains:	May, December

Dividends (Distributed May, December)
Date	Per Share Amount	Reinvestment Price
12/07/2007	$0.340000	$95.25
05/02/2008	$0.010000	$86.42
12/05/2008	$0.104000	$42.37
05/08/2009	$0.090000	$53.14

Capital Gains (Distributed May, December)
Date	Per Share Amount	Reinvestment Price
12/01/2006	$2.550000	$89.49
05/04/2007	$5.180000	$92.19
12/07/2007	$6.500000	$95.25
05/02/2008	$2.860000	$86.42

No Transaction Fee Fidelity funds are available without paying a trading fee to Fidelity or a sales load to the fund. However, the fund may charge a short-term trading or redemption fee to protect the interests of long-term shareholders of the fund. See Expenses & Fees for more information.
Fidelity may deduct a small balance maintenance fee of $12.00 from a fund balance with a value less than $2,000. Fund positions opened after September 30 will not be subject to the fee for that calendar year. This fee will not be deducted from fund positions opened after January 1 of that calendar year if those positions use regular investment plans. Refer to the fund prospectus for details.
Minimum investment for SEP-IRAs or Keoghs is $500.




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

Expenses & Fees (FMAGX)