05/06/96 TABLE: Moving Down the Ladder

Moving Down the Ladder

Fidelity's performance is falling compared with its largest rivals CUMULATIVE AVERAGE TOTAL RETURNS* FUND GROUP 10-YEAR TWENTIETH CENTURY 338.4% FIDELITY 297.1 PUTNAM 267.4 AMERICAN 245.8 DEAN WITTER 233.1 IDS 232.2 T. ROWE PRICE 227.4 VANGUARD 223.8 FRANKLIN 195.7 MERRILL LYNCH 170.8 FUND GROUP 5-YEAR PUTNAM 134.5% FIDELITY 119.0 T. ROWE PRICE 115.7 TWENTIETH CENTURY 108.0 VANGUARD 100.0 DEAN WITTER 95.6 AMERICAN 93.1 IDS 91.6 MERRILL LYNCH 91.5 FRANKLIN 82.4 FUND GROUP 3-YEAR PUTNAM 70.3% T. ROWE PRICE 63.9 FIDELITY 59.0 FRANKLIN 56.7 VANGUARD 54.9 DEAN WITTER 54.3 TWENTIETH CENTURY 53.1 AMERICAN 48.7 MERRILL LYNCH 47.6 IDS 44.5 FUND GROUP 1-YEAR PUTNAM 35.8% DEAN WITTER 35.3 T. ROWE PRICE 33.3 VANGUARD 30.7 FIDELITY 29.8 TWENTIETH CENTURY 27.4 AMERICAN 27.1 IDS 26.6 MERRILL LYNCH 26.0 FRANKLIN 26.0 Ten largest fund companies (excluding money-market funds). Averages are for U.S. diversified equity funds; excludes index funds. *Appreciation plus reinvestment of dividends and capital gains for time period ending Mar. 31, 1996. DATA: MORNINGSTAR INC.