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Supplement to the

Fidelity® Low-Priced Stock Fund and Fidelity Value Discovery Fund

Funds of Fidelity Puritan Trust

Fidelity Dividend Growth Fund, Fidelity Growth & Income Portfolio, Fidelity Leveraged Company Stock Fund,
Fidelity OTC Portfolio, and Fidelity Real Estate Income Fund

Funds of Fidelity Securities Fund

STATEMENT OF ADDITIONAL INFORMATION

October 9, 2009

Fidelity Real Estate Income Fund is comprised of multiple classes of shares. References to the fund are deemed to include class where applicable.

PSTSB-10-01		April 14, 2010
1.798487.111

Supplement to the
Fidelity® Real Estate Income Fund
October 9, 2009
Prospectus

Fidelity® Real Estate Income Fund is comprised of multiple classes of shares. References to the fund are deemed to include class where applicable.

The following information replaces the similar information found under the heading "Year-by-Year Returns" in the "Fund Summary" section on page 4.

Real Estate Income

Calendar Years

 

 

 

 

2004

2005

2006

2007

2008

2009

 

 

 

 

 

11.70%

5.07%

11.72%

-6.45%

-31.02%

46.82%

fid4339

During the periods shown in the chart for Real Estate Income:

Returns

Quarter ended

Highest Quarter Return

20.55%

June 30, 2009

Lowest Quarter Return

-23.19%

December 31, 2008

Year-to-Date Return

6.31%

March 31, 2010

The following information replaces the similar information found under the heading "Average Annual Returns" in the "Fund Summary" section on page 5.

For the periods ended
December 31, 2009

Past 1
year

Past 5
years

Life of
fund
A

Fidelity Real Estate Income Fund

 

 

 

  Return Before Taxes

46.82%

2.15%

5.68%

  Return After Taxes on Distributions

45.68%

1.07%

4.48%

  Return After Taxes on Distributions and Sale of Fund Shares

31.73%

1.77%

4.70%

S&P 500® Index
(reflects no deduction for fees, expenses, or taxes)

26.46%

0.42%

6.14%

Fidelity Real Estate Income Composite Index
(reflects no deduction for sales charges or taxes)

53.48%

4.40%

7.02%

A From February 4, 2003.

REI-10-01		April 14, 2010
1.798339.108