Mid-Cap Value

12/01/78

Fidelity Capital Trust 82 Devonshire Street Boston, MA 02109 USA
800-544-6666
http://www.fidelity.com

Richard B. Fentin

03/26/96

The investment seeks capital appreciation. The fund invests primarily in equity securities issued by companies that management believes are undervalued or that possess valuable fixed assets. Valuable assets may include equipment, natural resources, and real estate, as well as intangible assets such as trademarks, franchises, and transportation routes. It may invest in common stocks of foreign issuers.

N/A

$2,500.00

N/A

PG&E CORP
PNC Financial Services Group, I
PNC Financial Services Group, I
U.S. BANCORP
American Electric Power Company
WELLS FARGO & CO.
AVNET, INC.
AGILENT TECHNOLOGIES INC.
STANLEY BLACK & DECKER, INC.