It looks as if Fidelity Investments of Boston would rather switch than fight when it comes to the issue of a three percent redemption fee on one of its funds.

Executives at Fidelity are expected to recommend to the board of directors of Fidelity's Small Cap Stock Fund that they reduce the fund's three percent redemption fee to no more than two percent, according to a person familiar with the matter. The fund board's approval is necessary before the fee can be reduced.

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