Fidelity Nasdaq Composite Index Tracking Stock Declares Quarterly Income Dividend

Business Wire, June 16, 2005

BOSTON -- Fidelity Investments announced today that the Fidelity(R) Nasdaq Composite Index(R) Tracking Stock (NASDAQ: ONEQ) will pay a quarterly dividend of $0.10 per share from net investment income. The dividend is payable on Friday, June 24, 2005, to shareholders of record at the close of business on Tuesday, June 21, 2005. The ex-dividend date is Friday, June 17.

Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of $2.1 trillion, including managed assets of $1.1 trillion as of April 30, 2005. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to more than 19 million individuals and institutions as well as through 5,500 financial intermediary firms. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, one of the largest mutual fund supermarkets and a leading online brokerage firm. For more information about Fidelity Investments, visit www.fidelity.com.

The ETF may trade at a discount to NAV.

Differences between the index and the ETF's portfolio, as well as costs and expenses, may cause differences in performance.

The ETF is managed by Fidelity Management and Research Co. NASDAQ is the listing market; licensor of the index and provides marketing services for the ETF.

Consistent with its investment objective, the ETF may hire or terminate money managers at any time without prior notification. ETF shares are not individually redeemable from the fund. Shares, other than Creation Units, may be sold only through a broker and may be subject to brokerage commissions.

ETFs are subject to market fluctuations of their underlying investments.

NASDAQ(R), NASDAQ Composite(R), and NASDAQ Composite Index(R) are registered trademarks of The Nasdaq Stock Market, Inc. (which with its Affiliates are the "Corporations") and are licensed for use by Fidelity. The product(s) have not been passed on by the Corporations as to their legality or suitability. The product(s) are not issued, endorsed, or sold by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

Fidelity and Fidelity Investments & Pyramid (design) are registered trademarks of FMR Corp. ONEQ is a trademark of FMR Corp.

Please carefully consider the fund's investment objectives, risks, charges and expenses before investing. For this and other information, call or write to Fidelity or visit fidelity.com for a free prospectus. Read it carefully before you invest or send money.

Fidelity Distributors Corporation,

82 Devonshire Street, Boston, MA 02109