BOSTON, September 23, 2003 -- Fidelity Management Trust Company today announced it has been selected by the State of Connecticut Retirement Plans & Trust Funds to manage approximately $200 million in a risk-controlled international equity portfolio on behalf of its defined benefit pension plan.  CRA RogersCasey assisted the plan in the selection process.

The portfolio will be invested in Fidelity's Select International discipline, which seeks to capitalize on Fidelity's fundamental research by combining qualitative stock selection with quantitative risk control to provide excess return over the MSCI EAFE Index^®.

Fidelity manages more than $14 billion in international equity assets, including approximately $8 billion in risk-controlled international equity assets on behalf of 43 institutional clients as of June 30, 2003.

Fidelity Management Trust Company manages $72 billion for more than 460 institutional clients 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, real estate and alternative disciplines such as market neutral.  The company is affiliated with Fidelity Employer Services Company, which provides human resources administration and employee benefits solutions to more than 15 million participants in more than 11,500 retirement, pension, health and welfare, payroll and stock plans as of July 31, 2003.

Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of $1.6 trillion, including managed assets of $906.0 billion as of August 31, 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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