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Magellan's Returns Haven't Kept Up

        Assets                    Total Return*
       (Billions)   Fidelity Magellan       S&P 500
1990    $12.3            -4.5%              -3.1%
1991    19.3              41.0               30.5
1992    22.3              7.0                7.6
1993    31.7              24.7               10.1
1994    36.4             -1.8                1.3
1995    53.7              36.8               37.6
1996    54.0              11.7               23.0
1997  **60.9              21.7               24.1

*Appreciation plus reinvestment of dividends and capital gains, before taxes   
**Aug. 26

DATA: FIDELITY INVESTMENTS, BUSINESS WEEK


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Updated Aug. 28, 1997 by bwwebmaster
Copyright 1997, by The McGraw-Hill Companies Inc. All rights reserved.
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