FI's Manager of the Decade takes on a new fund

Effective February 1, 2011:

Matthew W. Fruhan (Fidelity Investor's Manager of the Decade -see your January 2011 issue) has been named portfolio manager of Fidelity Growth & Income Portfolio, Fidelity Advisor Growth & Income Fund, and VIP Growth & Income Portfolio, succeeding James F. Catudal. Fruhan will continue to manage Fidelity Large Cap Stock Fund, Fidelity Advisor Large Cap Fund and Fidelity Mega Cap Stock Fund. He joined Fidelity's high-yield research group in 1995, and followed the specialty retail, automotive supply and transportation industries. In 1999, Fruhan joined Fidelity's equity division as an analyst following the food and supermarket industries. He managed Fidelity Select Food and Agriculture Portfolio from 1999 to 2001. He also managed Fidelity Select Air Transportation Portfolio from 2001 to 2002 and Fidelity Select Defense and Aerospace Portfolios form 2001 to 2003. In addition, Fruhan managed Fidelity Advisor Cyclical Industries Fund, Fidelity Select Cyclical Industries Portfolio, and VIP Cyclical Industries Portfolio, and served as cyclical industries sector leader, from 2002 to 2004. He managed Fidelity Advisor Financial Services Fund, Fidelity Select Financial Services Portfolio, and VIP Financial Services Portfolio from 2004 until 2005, when he assumed responsibility for Fidelity Large Cap Stock Fund and Fidelity Advisor Large Cap Fund. Fruhan began managing Fidelity Mega Cap Stock Fund in 2009.