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