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Supplement to the

Fund

Class A

Class T

Class B

Class C

Institutional
Class

Fidelity® Advisor Emerging Markets Income Fund

FMKAX

FAEMX

FBEMX

FMKCX

FMKIX

Fidelity Advisor Mid Cap II Fund

FIIAX

FITIX

FIIBX

FIICX

FIIMX

Fidelity Advisor New Insights Fund

FNIAX

FNITX

FNIBX

FNICX

FINSX

Funds of Fidelity Advisor Series I, Fidelity Advisor Series VIII, and Fidelity Contrafund®

STATEMENT OF ADDITIONAL INFORMATION

March 1, 2010

Effective immediately, the general research services agreement with Fidelity Research & Analysis Company has been terminated on behalf of the funds.

Effective October 1, 2010, the master international research agreement with FIL Investment Advisors and the sub-research agreements with FIL Investment Advisors (U.K.) Ltd. and FIL Investments (Japan) Limited have been terminated on behalf of the funds.

ACOM12B-11-01		February 8, 2011
1.863512.105

Supplement to the

Fidelity® Contrafund®

Class K (FCNKX)

A Fund of Fidelity Contrafund

STATEMENT OF ADDITIONAL INFORMATION

March 1, 2010

Effective immediately, the general research services agreement with Fidelity Research & Analysis Company has been terminated on behalf of the fund.

Effective October 1, 2010, the master international research agreement with FIL Investment Advisors and the sub-research agreements with FIL Investment Advisors (U.K.) Ltd. and FIL Investments (Japan) Limited have been terminated on behalf of the fund.

CON-KB-11-01		February 8, 2011
1.881676.102

Supplement to the

Fidelity® Contrafund® (FCNTX)

A Fund of Fidelity Contrafund

Fidelity Contrafund is a Class of shares of Fidelity Contrafund

Fidelity Trend Fund (FTRNX)

A Fund of Fidelity Trend Fund

Fidelity Trend Fund is a Class of shares of Fidelity Trend Fund

STATEMENT OF ADDITIONAL INFORMATION

March 1, 2010

Effective immediately, the general research services agreement with Fidelity Research & Analysis Company has been terminated on behalf of the funds.

Effective October 1, 2010, the master international research agreement with FIL Investment Advisors and the sub-research agreements with FIL Investment Advisors (U.K.) Ltd. and FIL Investments (Japan) Limited have been terminated on behalf of the funds.

CTFB-11-01		February 8, 2011
1.799798.110