You will be receiving a letter from the DAP announcing changes to the Directed Account Plan Fidelity  Window Option. This letter has been posted below:

11/4/11 – DAP letter to Participants – Changes to the Directed Account Plan

Here is a general explanation of the change to K Shares in the Fidelity Window Option:

Effective as of the market close (generally 4:00 p.m. Eatern Time) on December 7, 2011, the share class of 27 investment options offered through the DAP will change from their current share class to Class K. As a result of this change, the fund codes, ticker symbols, and expense ratios will change. The new share class will offer you the same investment strategy and risk, but the overall expense will be lower.

You will be receiving a letter from the DAP announcing changes to the Directed Account Fidelity Window Option. This letter is posted below:

11/4/11 – DAP Letter to Participants – Changes to the Directed Account Plan

Here is a general explanation of the new investment options in the Fidelity Fund Window:

Effective as of market close (generally 4:00 p.m. Eastern Time) on December 7, 2011, two new investment options will be added to the investment lineup of the Fidelity Window Option – 1)Fidelity Balanced Fund – Class K and 2)Fidelity Leveraged Company Stock Fund – Class K. The investment description for these funds can be found on the Fidelity Fund Window page in the Knowledge Center section of this web site.