New Responsibilities for Tobias Welo

There are no changes to the BUY-HOLD-SELL recommendations for these funds based on the change below.

Effective November 1, 2011:

Tobias Welo has been named co-portfolio manager of VIP Contrafund® Portfolio, Fidelity® Series All-Sector Equity Fund and of the equity portions of Fidelity Balanced Fund and Fidelity Advisor® Balanced Fund, joining existing portfolio managers John Avery, Adam Hetnarski, Steven Kaye, Robert Lee, Peter Saperstone, Douglas Simmons, Pierre Sorel, Nathan Strik, and Robert Stansky. Welo will manage the materials sub-portfolios of those funds, succeeding John Avery and Matthew Friedman. Other fund managers will continue with their current responsibilities.