Fidelity Eliminates Tiered Brokerage Pricing; Cuts Online Trade Commissions By Up To 60 Percent To Low Flat Rate Of $7.95

New Simplified Pricing Available to All Customers, Regardless of Assets or Number of Trades, For Online U.S. Equity Trades

BOSTON  - Fidelity Investments today announced it will reduce U.S. online equity commissions to $7.95 for all customers beginning February 3, 2010. The new commission rate both eliminates tiered pricing, and reduces some customers' commissions by as much as 60 percent.

This new pricing complements the announcement today that all new and existing customers can also take advantage of the best ETF deal among major brokerage companies by allowing investors to trade the most commission-free iShares® ETFs online - 25 in all -- online at Fidelity.*

"In today's challenging market environment, customers expect more from their brokerage firm, in terms of institutional-grade resources such as trading tools, stock research, and certainly price," said James C. Burton, president of Fidelity's retail brokerage business. "Our new $7.95 online commission is a great value and will automatically reduce and simplify trading costs for millions of investors, whether they place hundreds of trades per year with Fidelity or just a handful. And, when a new brokerage customer joins Fidelity, they will know exactly what they will pay per trade from day one."

The $7.95 U.S. online equity commissions are available to customers making U.S. trades online at Fidelity.com, through Active Trader Pro or Wealth-Lab Pro and on Fidelity's mobile trading platform, Fidelity Anywhere. This new simple pricing structure is reduced from a previous tiered range of $19.95 to $8 per trade, depending on asset level and trading volume¹.

Customers placing trades through Fidelity's Automated Service Telephone (FAST) will pay an additional $5 per trade ($12.95 total), and those placing trades through a representative will pay an additional $25 ($32.95 total) per trade.

Fidelity is also reducing online option commissions on the same schedule as equities, plus $0.75 per contract.

For investors not currently trading at Fidelity who want to take advantage of the firm's robust trading and research tools, and the new $7.95 pricing, it is easy and quick to open an account on Fidelity.com.

"For years, Fidelity has set the bar in online brokerage by providing its customers with critical product and service advantages they can't get anywhere else," said Burton. "The combination of today's new low pricing and Fidelity's new industry leading commission-free ETF offering, along with innovative platform services such as direct international trading and extensive independent research ratings and reports, are what consistently set us apart from the competition," said Burton.

Fidelity's other recent price reductions include cutting foreign trade commissions by roughly half, when it introduced direct international trading to 12 foreign markets last October. The firm has also made online U.S. Treasury trades commission-free to all investors.

About Fidelity Investments

Fidelity Investments is one of the world's largest providers of financial services, with assets under administration of over $3.2 trillion, including managed assets of $1.5 trillion as of Dec. 31, 2009. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to over 20 million individuals and institutions as well as through 5,000 financial intermediary firms. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, the largest mutual fund supermarket, a leading online brokerage firm and one of the largest providers of custody and clearing services to financial professionals. For more information about Fidelity Investments, visit Fidelity.com.

1Fidelity's previous U.S. equity online commissions: - $8 for customers with $1 million in household assets, or who make 120 trades per year and have $250,000 in household assets (Gold level) - $10.95 plus varied per share pricing for customers who trade 36 times per year and have $50,000 in assets, or who trade at least 72 per year. (Silver level) - $19.95 plus per share pricing for all other customers (Bronze level)

Before investing, consider the fund's investment objectives, risks, charges and expenses. Contact Fidelity for a prospectus containing this information. Read it carefully.
 
Options trading entails significant risk and is not appropriate for all investors. Prior to trading options, you must receive a copy of "Characteristics and Risks of Standardized Options. Opens in a new window.", which is available from Fidelity Investments, and be approved for options trading. Supporting documentation for any claims, if applicable, will be furnished upon request.
 
Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations, all of which may be magnified in emerging markets.
 
Fidelity's $7.95 flat commission applies to online trades in all U.S. equity securities for Fidelity Brokerage Services LLC retail clients. It does not apply to foreign stock transactions or restricted securities transactions. Additional fees may be charged on orders that require special handling. A minimum deposit of $2,500 is required to open most Fidelity brokerage accounts. Waivers may apply. Commission schedules may vary for employee stock plan services transactions. See Fidelity.comfor details.

Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with a marketing program that includes promotion of iShares ETFs and certain commission waivers. Additional information about the sources, amounts, and terms of compensation is described in the ETF's prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice. 

Fidelity Investments, Fidelity, the Fidelity Pyramid design logo, Active Trader Pro, Wealth-Lab Pro, and Fidelity Anywhere are registered service marks of FMR LLC. 

The third party trademarks appearing herein are the property of their respective owners FMR LLC, all rights reserved. 

Fidelity Brokerage Services LLC, Member NYSE, SIPC 900 Salem Street, Smithfield, RI 02917 

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