Questions Raised about Auditor Independence

Shareholders of four Fidelity funds are being asked to reconsider approval of PricewaterhouseCoopers of New York as the funds' independent auditor in light of new revelations that raise questions about the independence of the accounting firm in its role as auditor to the funds.

Investors of the Fidelity Balanced Fund, Fidelity Global Balanced Fund, Fidelity Low-Priced Stock Fund and Fidelity Puritan Trust were originally asked to ratify reappointment of PricewaterhouseCoopers as auditor to the four funds at a shareholder meeting on July 14th. But voting on the auditor's appointment was postponed by the Boston-based fund company when Fidelity executives and members of the board of directors were informed of the results of an internal PwC review that revealed a potential conflict of interest.