Fidelity has announced the following portfolio manager appointments, effective November 1, 2009:

Fidelity Stock Selector Fund

Fidelity Small Cap Independence Fund

Fidelity Large Cap Growth Fund

Fidelity International Small Cap Fund

For more information, see the Fidelity Window

Buffalo Small Cap has been added to the Diversified Small Company Option with a 10% allocation. iShares Morningstar has been eliminated from the Diversified Small Company Option, and the allocation for BGI Small Company Index has been decreased from 30% to 25%

The Directed Account Plan has made the following change to the options available to its participants:

• Allocation Change: The International Stock Option was rebalanced to decrease the target allocation of Oppenheimer Intl. Small Co. to 8% and to increase the target allocation to Royce Global Value to 6%.

Please review the following three documents on the topic of Minimum Required Distributions.  These documents were recently mailed out to our participants in an effort to communicate the new minimum required distribution changes.

• Standard letter to participants explaining the 2009 MRD change and addresses participants who first became eligible for MRDs in 2008 and deferred the 2008 MRD to 2009
• Letter to participants who have established scheduled installment payments from your retirement plan, perhaps to help satisfy your annual MRD.
• Questions and Answers on the topic of minimum required distributions (MRDs)

Effective January 16, 2009, Fidelity Utilities Fund will also be renamed Fidelity Telecom and Utilities Fund.

The name chang is being made to better reflect the composition of the fund while continuing to differentiate its positioning.

Plan participants with balances in the fund will be notified of the change by email or regular mail.

• Fidelity will “shut off” automatic generation of MRD payments in 2009.
• Participants who have initiated systematic monthly withdraw payments (SWPs) to satisfy their annual MRD, will still receive their installment payments as scheduled. Participants who do not want to receive these payments will need to initiate the change.
• Fidelity will inform affected participants about this 2009 MRD change and their options in February.

Fidelity is announcing name changes for two funds:

• Fidelity Aggressive International Fund will be renamed Fidelity International Capital Appreciation Fund on or about December 30, 2008.
• Fidelity Aggressive Growth Fund is to be renamed Fidelity Growth Strategies Fund on or about January 29, 2009.

The fund names are being changed to create more consistency across the equity fund product line. No change is indicated in each fund’s investment objective and strategy, or in fund management. Also, ticker symbols and CUSIP numbers will remain the same.

Plan participants with balances in wither fund will be notified of the name change by email or regular mail.

Portfolio Manager Appointment

Fidelity is announcing the appointment of Nicholas Price as co-manager of Fidelity Japan Smaller Companies Fund with existing manager Kenichi Mizushita, effective October 21, 2008. He will become sole manager on or about December 30, 2008. Price joined Fidelity in 1993, and since 1999, he has been managing funds investing in Japanese equities available exclusively to non-US investors.

Performance Benchmark Change

Effective on or about December 30, 2008, Fidelity Japan Smaller Companies Fund will change its benchmark from the Russell/Nomura Small Cap Index^TM to the Russell/Nomura Mid-Small Cap Index^TM. The new benchmark includes a broader universe of securities, representing approximately the bottom 50% of investable Japanese securities by market capitalization.  It is also one of the two indexes used to define the fund’s investment universe.

Fund Reopening

Also effective on or about December 30, 2008, the fund will reopen to new plans. It has been closed to new plans since February 2006.

Please click here for a fact sheet on this fund.

The following manager changes took place in September 2008. In the Stable Value Option, the Dreyfus Govt. Money Market Fund was replaced with the Dreyfus Cash Management Fund. The Value Stock Option was rebalanced to decrease the target allocation of JP Morgan Large Cap Value from 20 percent to 15 percent. As a result, T. Rowe Price Value was increased from a 15 percent to 20 percent allocation. A new fund, Brown Capital Mgmt. Small Co. Instl. was added to the Diversified Small Co. Stock Option.  This new fund was given a 10 percent allocation in the option while iShares Morningstar Small Cap Growth Index was reduced from a 15 percent to 5 percent allocation. These recent manager changes are shown in the tables below:

The Primco GIC fund, in the Stable Value Option, has changed its name to Invesco Interest Income Fund. There was also a name change in the Value Stock Option. The Morgan Value Strategy Fund’s name was changed to JP Morgan Large Cap Value Fund.

This is only a name change and the underlying management and investments remain the same with these two funds.