SUPPLEMENT TO THE 
FIDELITY FIFTY
PROSPECTUS
DATED AUGUST 19, 1996
Effective November 1, 1996, the following information replaces the similar
information found in the "WAIVERS" section on page 28.
2. To shares in a Fidelity account purchased with the proceeds of a
distribution from an employee benefit plan, provided that at the time of
the distribution, the employer or its affiliate maintained a plan that both
qualified for waiver (1) above and had at least some of its assets invested
in Fidelity-managed products. (Distributions transferred to an IRA account
must be transferred within 60 days from the date of the distribution. All
other distributions must be transferred directly into a Fidelity account.)
 
SUPPLEMENT TO THE FIDELITY FIFTY FUND
A FUND OF FIDELITY HASTINGS STREET TRUST 
STATEMENT OF ADDITIONAL INFORMATION
DATED AUGUST 19, 1996
The following information replaces the similar information found in the
"Additional Purchase And Redemption Information" section on page 14.
3.  to shares in a Fidelity account purchased (including purchases by
exchange) with the proceeds of a distribution from an employee benefit plan
provided that: (i) at the time of the distribution, the employer, or an
affiliate (as described in exemption 1 above) of such employer, maintained
at least one employee benefit plan that qualified for exemption 1 and that
had at least some portion of its assets invested in one or more mutual
funds advised by FMR, or in one or more accounts or pools advised by
Fidelity Management Trust Company; and (ii) either (a) the distribution is
transferred from the plan to a Fidelity IRA account within 60 days from the
date of the distribution, or (b) the distribution is transferred directly
from the plan into another Fidelity account.