Article: Fidelity Investments Creates New Organization to Focus All Brokerage and Direct Mutual Fund Sales Efforts.

Business Editors

BOSTON--(BUSINESS WIRE)--March 29, 2001

Fidelity Brokerage Company to be Headed by Kevin J. Kelly, Includes

Personal Investments, Institutional Brokerage, Brokerage Operations;

Ellyn A. McColgan To Succeed Kelly as Head of Financial Intermediary

Services

Fidelity Investments(R) today announced creation of a new organization, Fidelity Brokerage Company, designed to further integrate its retail and institutional brokerage and direct mutual fund businesses.

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