BOSTON, April 23, 2003 - Fidelity Management Trust Company today announced that it has been selected by Chicopee (Mass.) Contributory Retirement System to manage $3.9 million in an international growth strategy on behalf of its defined benefit pension plan.

The portfolio will be invested in Fidelity's International Growth discipline, which seeks to provide long-term capital growth via a diversified portfolio of large-, medium-, and small-cap companies in Europe, Japan and the Pacific Basin. 

Fidelity manages more than $10 billion in international equity assets on behalf of approximately 120 institutional clients as of March 31, 2003.

Fidelity Management Trust Company manages $61 billion for more than 1,200 institutional clients¹ worldwide, including corporate and public retirement funds, endowments, foundations and other institutional investors.  The company offers institutional asset management for active and risk-controlled equity, fixed-income, international equity and alternative disciplines such as real estate.  The company is affiliated with Fidelity Employer Services Company, which provides retirement, human resources and other employee benefits solutions to 14.4 million participants by providing administrative services for more than 11,500 retirement, pension, health and welfare, human resources administration, payroll and stock plans as of December 31, 2002. 

Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of $1.4 trillion, including managed assets of $755.4 billion as of February 28, 2003. Fidelity offers investment management, retirement planning, brokerage, human resources and benefits outsourcing services to 18 million individuals and institutions as well as through 5,500 financial intermediaries. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, one of the largest mutual fund supermarkets and a leading online brokerage firm.  For more information about Fidelity Investments, visit www.fidelity.com.

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