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					                                                                                                                                                                         Fund Code: 00312
BLUE CHIP GROWTH FUND                                                                                                                                                    Trading Symbol: FBGRX
                                                                                                                                                                         CUSIP: 316389303

INFORMATION                                                              9/30/08      NAV: 35.13                                                           Quarterly Low-High: $33.67 - $40.24
Inception: 12/31/87
Fiscal Year End: 7/31
Objective: Seeks growth of capital over the                              TOP 10 HOLDINGS                              9/30/08
                                                                                                                       9/30/08     ASSET ALLOCATION
long term.                                                               MICROSOFT CORP                                Software                             9/30/08      6/30/08     9/30/07
Strategy:                                                                CISCO SYSTEMS INC          Communications Equipment                                 Russell                     Russell
• Normally invests primarily in common stocks                            INTL BUS MACH CORP             Computers & Peripherals                        Fund 1000® Gr     Fund      Fund 1000®Gr
   of well-known and established companies.                              WAL MART STORES INC            Food & Staples Retailing
   Normally invests at least 80% of total assets                                                                                   Equities           98.3% 100.0%       97.9%     98.1% 100.0%
   in blue chip companies (those with a market                           COCA COLA CO                                Beverages     Converts            0.0    0.0         0.0       0.0    0.0
   capitalization of at least $200 million, if the                       EXXON MOBIL CORP          Oil, Gas & Consumable Fuels     Bonds               0.0    0.0         0.0       0.0    0.0
   company’s stock is included in the Standard                           ORACLE CORP                                   Software    Cash&Other          1.7    0.0         2.1       1.9    0.0
   & Poor’s 500 ® Index or the Dow Jones                                 SCHLUMBERGER LTD          Energy Equipment & Services
   Industrial Average ® , or $1 billion if not                           PROCTER & GAMBLE CO                Household Products     FOREIGN            12.5%       3.8%   15.7%     15.3%     3.3%
   included in either index). Invests in securities                      QUALCOMM INC               Communications Equipment
   of domestic and foreign issuers.                                                                                                FUND’S TOP TEN INDUSTRY SECTORS       (% of TNA)
                                                                         27.8% of total assets
• Invests in companies that FMR believes have                            Total holdings: 169                                       Info. Technology    28.1% 28.6%        27.3% 33.1%       27.6%
   above-average growth potential (stocks of                                                                                       Consumer Staples 16.4     13.7         13.3    11.5       9.8
   these companies are often called “growth”                                                                                       Consumer Discretion.15.4   9.5         15.3      9.8     12.7
   stocks).                                                              Holdings do not include money market investments
                                                                                                                                   Health Care         14.2  14.1         11.9    13.1      15.7
• Uses fundamental analysis of each issuer’s                             or futures contracts.
                                                                                                                                   Energy              10.7  10.2         13.6      8.8      8.4
   financial condition and industry position and                                                                                   Industrials          5.9  13.1          6.4      8.4     13.1
   market and economic conditions to select
   investments.                                                                                                                    Financials           4.9   4.5          5.8      8.7      7.1
                                                                         TURNOVER & EXPENSES                                       Materials            2.2   3.8          3.2      2.0      3.2
Risk: Stock values fluctuate in response to the
                                                                                                                                   Utilities            0.0   1.7          0.0      1.2      1.6
activities of individual companies and general                                                                  Growth
market and economic conditions. You may have                                                                                       Telecom. Services    0.0   0.8          0.0      1.5      0.8
                                                                                                    Fund    Funds Average*
a gain or loss when you sell your shares.
Foreign investments involve greater risks than                           Turnover Rate (7/08):       82%         83%
U.S. investments. Share price may be volatile                            Expense Ratio (9/29/2008):0.58%         1.30%
due to the fund’s aggressive investment
approach.                                                                *Data for Lipper Growth Average as of 9/30/2008.
Sales Charge: None
Short-term Trading Fee: None
Dividends: September and December
                                                                         LIPPER RANKINGS                              9/30/08
Capital Gains (if any): September and December
                                                                         Growth Fund Category
MANAGER
Jennifer Uhrig                                                                       1 Year: 454 out of 2809 funds
Tenure on Fund: 11/06                                                                5 Year: 1174 out of 1624 funds
STYLE MAP                                                                           10 Year: 458 out of 610 funds

        Value Blend Growth                                               See the table on page 13 for other Lipper classifica-
Large                              Portfolio Date (5/31/08)              tion rankings.
 Mid                               Historical

Small                        See Equity Legend for details.
                             Fund assets covered: 99.56%


RISK & RETURN MEASURES                  9/30/08
Return Per Unit of Risk:         0.03
Standard Deviation:             12.00
            Vs. S&P 500® Vs. Russell 1000® Gr
R 2:            0.90               0.96
Beta:           1.00               0.93
Alpha:         -0.48              -0.41
As of 9/30/08
Volatility Relative to S&P 500®: Middle 1.07
                                                                         As you review this update, please remember the performance data listed here represents past performance, which
AVG ANNUAL TOTAL RETURNS                                9/30/08          does not guarantee future results. Investment return and principal value of an investment will fluctuate; therefore,
                                                                         you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the perfor-
   1 Year: -18.93%                    5 Year:           3.13%
                                                                         mance data quoted. Periods of market strength may not be repeated. To learn more or obtain the most recent month-
   3 Year: -0.34%                    10 Year:           1.28%            end performance figures, call Fidelity at 1-877-648-7283 or visit www.Fidelity.com.
                                                                                                                                                                                           9/30/08
HISTORY                                         1998              1999             2000          2001      2002           2003       2004          2005         2006       2007        YTD
Total Return %                               34.76               24.26         -10.54        -16.55       -25.32         24.80    6.26              4.03         5.54   11.83  -18.41
Russell 1000 Growth                          38.71               33.16         -22.42        -20.42       -27.88         29.75    6.30              5.26         9.07   11.81  -20.27
Lipper Growth Fund Avg.                      22.86               29.27          -7.61        -16.76       -24.97         29.63    9.70              6.53        11.08    8.83  -21.45
Capital Gains $                               2.06                2.07           2.52          n. a
                                                                                                /           n. a
                                                                                                             /            n. a
                                                                                                                           /      n. a
                                                                                                                                   /                n. a
                                                                                                                                                     /           0.93    4.95    0.71
Dividends $                                   0.10                0.14           n. a
                                                                                  /            0.06         0.13          0.22    0.39              0.23         0.24    0.33    0.17
Net Assets $MM                            19904.1             27876.3        26646.7       21958.6      16682.4       22383.8 23578.1           22311.7      20649.9 16516.6 12130.3

Total Returns are net of fees and expenses. Total returns are historical and include change in share/unit value and reinvestment of dividends and capital gains, if any. Cumulative
total returns are reported as of the period indicated. These figures do not include the effect of sales charges, if any, as these charges are waived for contributions made through
your company’s employee benefit plans. If sales charges were included, returns would have been lower.                                                            all numbers are unaudited
MIT GUIDE                                                                                                                                                                SEPTEMBER 2008

				
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