Fidelity Investments, the nation's largest mutual fund company, seems destined to be one of the highest spenders in the industry on changes to its computer system for the year 2000 date change.

Fidelity will spend at least $152 million from 1998 through 2000 updating its operations for Y2K, according to documents which the SEC made public last week. Total expenses from the start of the project in 1996 through its completion are expected to reach approximately $330 million, a Fidelity executive said.

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