[Ped1_1] NUMBER ONE Success System

[Tommy Lee]

http://www.noss123.com/

Mutual funds and stock brokerage

Fidelity is a privately held company founded by Edward C. Johnson 2nd in
1949 and still controlled by the Johnson Family. Fidelity Management &
Research Company, the US investment management division of Fidelity
Investments, acts as the investment adviser to Fidelity's family of mutual
funds. FMR Company has three fund divisions: Equity (headquartered in
Boston, Massachusetts), High-Income (Boston) and Fixed-Income (Merrimack,
New Hampshire). Actual day-to-day management of these funds is subcontracted
by that company to one or more of its subsidiaries. The company's
subsidiaries serve as distributors and transfer agents to the entire
Fidelity fund family.

FMR serves more than 21 million investors through individual and
institutional accounts, with more than 300 different funds. Revenues in 2005
were $11.1 billion, up 10 percent compared to 2004. Assets under management
rose nine percent to $1.2 trillion at the end of 2005. Currently, FESCo
holds almost $3 trillion in managed assets.

The company's largest mutual fund is Contrafund, which has more than $69
billion in assets, making it the largest single-manager fund in the US. The
current manager of Contrafund is Will Danoff. Magellan Fund is the second
largest fund, with $45 billion in assets. Its current manager is Harry
Lange, who previously managed the Fidelity Capital Appreciation Fund. The
Magellan Fund was for many years the largest in the United States. It was
run by Ned Johnson (May 2, 1963 to Dec. 31, 1971) and Peter Lynch (May 31,
1977 to May 31, 1990).

Fidelity Investments also operates a major online discount brokerage and has
investor centers in about 100 cities throughout the US and Canada, as well
in Europe and Asia.
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