With the changing of the guard at the $50.6 billion, flagship Fidelity Magellan Fund, mutual fund analysts have been busy speculating what direction its new portfolio manager, Harry W. Lange, will bring to the poorly performing behemoth.

Magellan, which has traditionally invested in large-cap, blue-chip stocks, clearly is in need of an infusion of new ideas, as it has languished in the bottom fifth of its peer group for the five years ended Oct. 31.

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