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