Fidelity mutual fund investors approve proposal to change the basis of
charging operating expenses to funds

TORONTO, Oct. 27 /CNW/ - Fidelity Investments Canada ULC announced today that mutual fund investors have voted in favour of its proposal to replace operating expenses with fixed rate administration fees. See Appendix A to this release for a list of funds and series that are covered by this proposal. The change to fixed rate administration fees will be effective as of November 1, 2009.

About Fidelity Investments

Fidelity Investments Canada ULC is the country's 6th largest mutual fund company and part of the Fidelity Investments organization of Boston, one of the world's largest providers of financial services. In Canada, Fidelity manages a total of $51 billion in mutual fund and institutional assets. This includes $9 billion in assets for institutional clients including public and corporate defined benefit pension plans, endowments, foundations and other corporate assets on behalf of clients across Canada.

Fidelity Canada provides Canadian investors a full range of domestic, international and income oriented mutual funds. Fidelity funds are available through a number of advice-based distribution channels including financial planners, investment dealers, banks, and insurance companies.

Fidelity is a proud supporter of the Boys and Girls Clubs of Canada and we are dedicated to helping young Canadians realize their full potential as productive, responsible and caring citizens.

    
    Appendix A
    -------------------------------------------------------------------------
    Fidelity Canadian Disciplined        Fidelity Income Replacement 2019
    Equity(R) Fund                       Portfolio
    -------------------------------------------------------------------------
    Fidelity Canadian Growth Company     Fidelity Income Replacement 2021
    Fund                                 Portfolio
    -------------------------------------------------------------------------
    Fidelity Canadian Large Cap Fund     Fidelity Income Replacement 2023
                                         Portfolio
    -------------------------------------------------------------------------
    Fidelity Canadian Opportunities      Fidelity Income Replacement 2025
    Fund                                 Portfolio
    -------------------------------------------------------------------------
    Fidelity Dividend Fund               Fidelity Income Replacement 2027
                                         Portfolio
    -------------------------------------------------------------------------
    Fidelity Greater Canada Fund         Fidelity Income Replacement 2029
                                         Portfolio
    -------------------------------------------------------------------------
    Fidelity Special Situations Fund     Fidelity Income Replacement 2031
                                         Portfolio
    -------------------------------------------------------------------------
    Fidelity True North(R) Fund          Fidelity Income Replacement 2033
                                         Portfolio
    -------------------------------------------------------------------------
    Fidelity American Disciplined        Fidelity Income Replacement 2035
    Equity(R) Fund                       Portfolio
    -------------------------------------------------------------------------
    Fidelity American Opportunities      Fidelity Income Replacement 2037
    Fund                                 Portfolio
    -------------------------------------------------------------------------
    Fidelity American Value Fund         Fidelity Canadian Bond Fund
    -------------------------------------------------------------------------
    Fidelity Growth America Fund         Fidelity Canadian Short Term Bond
                                         Fund
    -------------------------------------------------------------------------
    Fidelity Small Cap America Fund      Fidelity American High Yield Fund
    -------------------------------------------------------------------------
    Fidelity AsiaStar(TM) Fund           Fidelity American High Yield
                                         Currency Neutral Fund
    -------------------------------------------------------------------------
    Fidelity China Fund                  Fidelity Global Bond Fund
    -------------------------------------------------------------------------
    Fidelity Emerging Markets Fund       Fidelity Global Bond Currency
                                         Neutral Fund
    -------------------------------------------------------------------------
    Fidelity Europe Fund                 Fidelity Income Trust Fund
    -------------------------------------------------------------------------
    Fidelity Far East Fund               Fidelity Monthly High Income Fund
    -------------------------------------------------------------------------
    Fidelity Global Fund                 Fidelity Canadian Disciplined
                                         Equity(R) Class
    -------------------------------------------------------------------------
    Fidelity Global Disciplined          Fidelity Canadian Growth Company
    Equity(R) Fund                       Class
    -------------------------------------------------------------------------
    Fidelity Global Dividend Fund        Fidelity Canadian Opportunities
                                         Class
    -------------------------------------------------------------------------
    Fidelity Global Opportunities Fund   Fidelity Dividend Class
    -------------------------------------------------------------------------
    Fidelity International Disciplined   Fidelity Greater Canada Class
    Equity(TM) Fund
    -------------------------------------------------------------------------
    Fidelity International Value Fund    Fidelity Special Situations Class
    -------------------------------------------------------------------------
    Fidelity Japan Fund                  Fidelity True North(R) Class
    -------------------------------------------------------------------------
    Fidelity Latin America Fund          Fidelity American Disciplined
                                         Equity(R) Class
    -------------------------------------------------------------------------
    Fidelity Northstar(R) Fund           Fidelity American Opportunities
                                         Class
    -------------------------------------------------------------------------
    Fidelity Overseas Fund               Fidelity Growth America Class
    -------------------------------------------------------------------------
    Fidelity Global Consumer Industries  Fidelity Small Cap America Class
    Fund
    -------------------------------------------------------------------------
    Fidelity Global Financial Services   Fidelity AsiaStar(TM) Class
    Fund
    -------------------------------------------------------------------------
    Fidelity Global Health Care Fund     Fidelity China Class
    -------------------------------------------------------------------------
    Fidelity Global Natural Resources    Fidelity Emerging Markets Class
    Fund
    -------------------------------------------------------------------------
    Fidelity Global Real Estate Fund     Fidelity Europe Class
    -------------------------------------------------------------------------
    Fidelity Global Technology Fund      Fidelity Far East Class
    -------------------------------------------------------------------------
    Fidelity Global Telecommunications   Fidelity Global Class
    Fund
    -------------------------------------------------------------------------
    Fidelity Canadian Asset Allocation   Fidelity Global Disciplined
    Fund                                 Equity(R) Class
    -------------------------------------------------------------------------
    Fidelity Canadian Balanced Fund      Fidelity Global Dividend Class
    -------------------------------------------------------------------------
    Fidelity Monthly Income Fund         Fidelity International Disciplined
                                         Equity(TM) Class
    -------------------------------------------------------------------------
    Fidelity Global Asset Allocation     Fidelity Japan Class
    Fund
    -------------------------------------------------------------------------
    Fidelity Global Monthly Income Fund  Fidelity Northstar(R) Class
    -------------------------------------------------------------------------
    Fidelity Income Portfolio            Fidelity Global Consumer Industries
                                         Class
    -------------------------------------------------------------------------
    Fidelity Global Income Portfolio     Fidelity Global Financial Services
                                         Class
    -------------------------------------------------------------------------
    Fidelity Balanced Portfolio          Fidelity Global Health Care Class
    -------------------------------------------------------------------------
    Fidelity Global Balanced Portfolio   Fidelity Global Natural Resources
                                         Class
    -------------------------------------------------------------------------
    Fidelity Growth Portfolio            Fidelity Global Real Estate Class
    -------------------------------------------------------------------------
    Fidelity Global Growth Portfolio     Fidelity Global Technology Class
    -------------------------------------------------------------------------
    Fidelity Clearpath(TM) 2005          Fidelity Global Telecommunications
    Portfolio                            Class
    -------------------------------------------------------------------------
    Fidelity Clearpath(TM) 2010          Fidelity Canadian Asset Allocation
    Portfolio                            Class
    -------------------------------------------------------------------------
    Fidelity Clearpath(TM) 2015          Fidelity Canadian Balanced Class
    Portfolio
    -------------------------------------------------------------------------
    Fidelity Clearpath(TM) 2020          Fidelity Income Class Portfolio
    Portfolio
    -------------------------------------------------------------------------
    Fidelity Clearpath(TM) 2025          Fidelity Global Income Class
    Portfolio                            Portfolio
    -------------------------------------------------------------------------
    Fidelity Clearpath(TM) 2030          Fidelity Balanced Class Portfolio
    Portfolio
    -------------------------------------------------------------------------
    Fidelity Clearpath(TM) 2035          Fidelity Global Balanced Class
    Portfolio                            Portfolio
    -------------------------------------------------------------------------
    Fidelity Clearpath(TM) 2040          Fidelity Growth Class Portfolio
    Portfolio
    -------------------------------------------------------------------------
    Fidelity Clearpath(TM) 2045          Fidelity Global Growth Class
    Portfolio                            Portfolio
    -------------------------------------------------------------------------
    Fidelity Clearpath(TM) Income        Fidelity Canadian Short Term
    Portfolio                            Income Class
    -------------------------------------------------------------------------
    Fidelity Income Replacement 2017
    Portfolio
    -------------------------------------------------------------------------
    

SOURCE Fidelity Investments Canada Limited

For further information: For further information: Chris Pepper, Director, Corporate Affairs, Office: (416) 307-5388, Mobile: (416) 795-7762, Email: chris.pepper@fmr.com


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