FIDELITY LAUNCHES TWO NEW FUNDS:
1. FIDELITY FUNDS - GLOBAL FOCUS FUND and
2. FIDELITY FUNDS ll - EURO CORPORATE BOND FUND

Stockholm, January 17 2003: Fidelity Investments launches two new funds
Fidelity Funds - Global Focus Fund and Fidelity Funds ll - Euro
Corporate Bond Fund.

1. Fidelity Funds - Global Focus Fund is a specialist global equity
fund, designed to appeal to experienced investors who want concentrated
exposure to global investment stockpicking opportunities and who have a
stronger appetite for risk.

The fund will differ from Fidelity's existing global funds, as its
portfolio construction will not be bound by traditional geographic and
regional constraints. Instead it will have a "go-anywhere" investment
approach and will look at a combination of global sector and stock
specific factors and seek to take advantage of the impact these factors
have on stockmarket returns.