-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, sWu/CFkxmt9Jsw9oAMKl9j0sQOiBngxkSUYcJjLGUKlfIiYkM3VShl20B6gSe6Ym OlrzQaP08DDkort0CvgfVA== 0000754510-94-000031.txt : 19940608 0000754510-94-000031.hdr.sgml : 19940608 ACCESSION NUMBER: 0000754510-94-000031 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19940607 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY SECURITIES FUND CENTRAL INDEX KEY: 0000754510 STANDARD INDUSTRIAL CLASSIFICATION: 0000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-93601 FILM NUMBER: 94533280 BUSINESS ADDRESS: STREET 1: 82 DEVONSHIRE ST CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6174391706 MAIL ADDRESS: STREET 1: 82 DEVONSHIRE STREET STREET 2: MZ ZH1 CITY: BOSTON STATE: MA ZIP: 02109 497 1 OTC PORTFOLIO SUPPLEMENT TO THE PROSPECTUS DATED SEPTEMBER 25, 1993 The following information replaces the fourth paragraph of the section entitled "OTC Portfolio and the Fidelity Organization" on page 9. Abigail Johnson is manager of OTC, which she has managed since April 1994. Previously, she managed Dividend Growth and the Select Industrial Equipment, Developing Communications, and Telecommunications Portfolios. Ms. Johnson joined Fidelity in 1988. The following information replaces the fourth paragraph under the heading "Share Price" on page 11. The fund's sales charge may be reduced if you invest directly with Fidelity or through prototype or prototype-like retirement plans sponsored by FMR or FMR Corp. Purchases made with assistance or intervention from a financial intermediary are not eligible. The amount you invest, plus the value of your account, must fall within the ranges shown below. Call Fidelity to see if your purchase qualifies. Ranges Sales charge Net amount invested $0 - 249,000 3% 3.09% $250,000 - 499,999 2% 2.04% $500,000 - 999,999 1% 1.01% $1,000,000 or more none none The sales charge will also be reduced by the percentage of any sales charge you previously paid on investments in other Fidelity funds (not including Fidelity's Foreign Currency Funds). Similarly, your shares carry credit for any sales charge you would have paid if the reductions in the table above had not been available. These sales charge credits only apply if you continuously owned Fidelity fund shares or a Fidelity brokerage core account, or participated in The CORPORATEplan for Retirement Program, and only to purchases made in one of the following ways: (i) by exchange from another Fidelity fund; (ii) with proceeds of a transaction within a Fidelity brokerage core account, including any free credit balance, core money market fund, or margin availability, to the extent such proceeds were derived from redemption proceeds from another Fidelity fund; (iii) with redemption proceeds from one of Fidelity's Foreign Currency Funds, if the Foreign Currency Fund OTC PORTFOLIO SUPPLEMENT TO THE PROSPECTUS DATED SEPTEMBER 25, 1993 The following information replaces the fourth paragraph of the section entitled "OTC Portfolio and the Fidelity Organization" on page 9. Abigail Johnson is manager of OTC, which she has managed since April 1994. Previously, she managed Dividend Growth and the Select Industrial Equipment, Developing Communications, and Telecommunications Portfolios. Ms. Johnson joined Fidelity in 1988. The following information replaces the fourth paragraph under the heading "Share Price" on page 11. The fund's sales charge may be reduced if you invest directly with Fidelity or through prototype or prototype-like retirement plans sponsored by FMR or FMR Corp. Purchases made with assistance or intervention from a financial intermediary are not eligible. The amount you invest, plus the value of your account, must fall within the ranges shown below. Call Fidelity to see if your purchase qualifies. Ranges Sales charge Net amount invested $0 - 249,000 3% 3.09% $250,000 - 499,999 2% 2.04% $500,000 - 999,999 1% 1.01% $1,000,000 or more none none The sales charge will also be reduced by the percentage of any sales charge you previously paid on investments in other Fidelity funds (not including Fidelity's Foreign Currency Funds). Similarly, your shares carry credit for any sales charge you would have paid if the reductions in the table above had not been available. These sales charge credits only apply if you continuously owned Fidelity fund shares or a Fidelity brokerage core account, or participated in The CORPORATEplan for Retirement Program, and only to purchases made in one of the following ways: (i) by exchange from another Fidelity fund; (ii) with proceeds of a transaction within a Fidelity brokerage core account, including any free credit balance, core money market fund, or margin availability, to the extent such proceeds were derived from redemption proceeds from another Fidelity fund; (iii) with redemption proceeds from one of Fidelity's Foreign Currency Funds, if the Foreign Currency Fund OTC-94-2 Page 1 of 2 June 1, 1994 OTC-94-2 Page 1 of 2 June 1, 1994 shares were originally purchased with redemption proceeds from a Fidelity fund; (iv) through the Directed Dividends Option (see page 14); or (v) by participants in The CORPORATEplan for Retirement Program when shares are purchased through plan-qualified loan repayments, and for exchanges into and out of the Managed Income Portfolio. The following information replaces the corresponding section of the fifth paragraph under the heading "Share Price" beginning on page 10. The fund's sales charge will not apply...(7) if you are a current or former trustee or officer of a Fidelity fund or a current or retired officer, director, or regular employee of FMR Corp. or its direct or indirect subsidiaries (a Fidelity Trustee or employee), the spouse of a Fidelity trustee or employee, a Fidelity trustee or employee acting as custodian for a minor child, or a person acting as trustee of a trust for the sole benefit of the minor child of a Fidelity trustee or employee;...(10) if you are a registered investment adviser (RIA) purchasing for your discretionary accounts, provided you execute a Fidelity RIA load waiver agreement which specifies certain aggregate minimum and operating provisions. Except for correspondents of National Financial Services Corporation, this waiver is available only for shares purchased directly from Fidelity, and is unavailable if the RIA is part of an organization principally engaged in the brokerage business. The following information supplements the fifth paragraph under the heading "Share Price" beginning on page 10. ...(12) if you invest through a non-prototype pension or profit-sharing plan that maintains all of its mutual fund assets in Fidelity's mutual funds, provided the plan executes a Fidelity non-prototype sales charge waiver request form confirming its qualification. The following information replaces the sixth paragraph under the heading "Share Price" beginning on page 10. These waivers must be qualified through FDC in advance. More detailed information about waivers (1), (2), (5), (9), and (10) is contained in the Statement of Additional Information. A representative of your plan or organization should call Fidelity for more information. The following information supplements the seventh paragraph under the heading "Share Price" beginning on page 10. Effective February 1, 1994, the sales charge paid to qualified recipients will be 2.25% of the fund's offering price. shares were originally purchased with redemption proceeds from a Fidelity fund; (iv) through the Directed Dividends Option (see page 14); or (v) by participants in The CORPORATEplan for Retirement Program when shares are purchased through plan-qualified loan repayments, and for exchanges into and out of the Managed Income Portfolio. The following information replaces the corresponding section of the fifth paragraph under the heading "Share Price" beginning on page 10. The fund's sales charge will not apply...(7) if you are a current or former trustee or officer of a Fidelity fund or a current or retired officer, director, or regular employee of FMR Corp. or its direct or indirect subsidiaries (a Fidelity Trustee or employee), the spouse of a Fidelity trustee or employee, a Fidelity trustee or employee acting as custodian for a minor child, or a person acting as trustee of a trust for the sole benefit of the minor child of a Fidelity trustee or employee;...(10) if you are a registered investment adviser (RIA) purchasing for your discretionary accounts, provided you execute a Fidelity RIA load waiver agreement which specifies certain aggregate minimum and operating provisions. Except for correspondents of National Financial Services Corporation, this waiver is available only for shares purchased directly from Fidelity, and is unavailable if the RIA is part of an organization principally engaged in the brokerage business. The following information supplements the fifth paragraph under the heading "Share Price" beginning on page 10. ...(12) if you invest through a non-prototype pension or profit-sharing plan that maintains all of its mutual fund assets in Fidelity's mutual funds, provided the plan executes a Fidelity non-prototype sales charge waiver request form confirming its qualification. The following information replaces the sixth paragraph under the heading "Share Price" beginning on page 10. These waivers must be qualified through FDC in advance. More detailed information about waivers (1), (2), (5), (9), and (10) is contained in the Statement of Additional Information. A representative of your plan or organization should call Fidelity for more information. The following information supplements the seventh paragraph under the heading "Share Price" beginning on page 10. Effective February 1, 1994, the sales charge paid to qualified recipients will be 2.25% of the fund's offering price. Page 2 of 2 Page 2 of 2 OTC PORTFOLIO SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION DATED SEPTEMBER 25, 1993 MANAGEMENT CONTRACT. Effective November 1, 1993, FMR agreed to voluntarily adopt the revised group fee rate schedule shown below for purposes of calculating the group fee component of the management fee. The revised schedule provides for lower management fees as total assets under management increase, and it will be presented to shareholders for approval at the next shareholder meeting. GROUP FEE RATE SCHEDULE EFFECTIVE ANNUAL FEE RATES
Average Group Annualized Group Net Effective Annual Fee Assets Rate Assets Rate
0-$3 billion .520% $ 0.5 billion .5200% 3-6 .490 25 .4238 6-9 .460 50 .3823 9-12 .430 75 .3626 12-15 .400 100 .3512 15-18 .385 125 .3430 18-21 .370 150 .3371 21-24 .360 175 .3325 24-30 .350 200 .3284 30-36 .345 225 .3253 36-42 .340 250 .3223 42-48 .335 275 .3198 48-66 .325 300 .3175 66-84 .320 325 .3153 84-102 .315 350 .3133 102-138 .310 138-174 .305 174-228 .300 228-282 .295 282-336 .290 Over 336 .285 ADDITIONAL PURCHASE AND REDEMPTION INFORMATION. The fund's sales charge may be reduced to reflect sales charges previously paid, or that would have been paid absent a reduction as noted in the prospectus, in connection with investments in other Fidelity funds. This includes reductions for investments in prototype or prototype-like retirement plans sponsored by FMR or FMR Corp., which are listed on page 13. The following replaces the corresponding section under the heading "Additional Purchase and Redemption Information" on page 13. In addition, the fund's sales charge will not apply...(8) if you are a current or former Trustee or officer of a Fidelity fund or a current or retired officer, director, or regular employee of FMR Corp. or its direct or indirect subsidiaries (a Fidelity Trustee or employee), the spouse of a Fidelity Trustee or employee, a Fidelity Trustee or employee acting as custodian for a minor child, or a person acting as trustee of a trust for the sole benefit of the minor child of a Fidelity Trustee or employee; OTCB-94-2 Page 1 of 2 June 1, 1994 The following supplements the information found under the heading "Additional Purchase and Redemption Information" on page 13. In addition, the fund's sales charge will not apply.....(11) if you are a registered investment adviser (RIA) purchasing for your discretionary accounts, provided you execute a Fidelity RIA load waiver agreement which specifies certain aggregate minimum and operating provisions. This waiver is available only for shares purchased directly from Fidelity, without a broker, unless purchased through a brokerage firm which is a correspondent of National Financial Services Corporation (NFSC). The waiver is unavailable, however, if the RIA is part of an organization principally engaged in the brokerage business, unless the brokerage firm in the organization is an NFSC correspondent; (12) if you are a trust institution or bank trust department purchasing for your non-discretionary, non-retirement fiduciary accounts, provided you execute a Fidelity Trust load waiver agreement which specifies certain aggregate minimum and operating provisions. This waiver is available only for shares purchased directly from Fidelity or through a bank-affiliated broker, and is unavailable if the trust department or institution is part of an organization not principally engaged in banking or trust activities; or (13) to shares purchased as part of a pension or profit-sharing plan as defined in Section 401(a) of the Internal Revenue Code that maintains all of its mutual fund assets in Fidelity mutual funds, provided the plan executes a Fidelity non-prototype sales charge waiver request form confirming its qualification. Page 2 of 2 -----END PRIVACY-ENHANCED MESSAGE-----