Fidelity Congress Street Fund (CNGRX) N-CSRS Certified semi-annual shareholder report (management investment company)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-971

Fidelity Congress Street Fund
(Exact name of registrant as specified in charter)

82 Devonshire St., Boston, Massachusetts 02109
(Address of principal executive offices) (Zip code)

Eric D. Roiter, Secretary

82 Devonshire St.

Boston, Massachusetts 02109
(Name and address of agent for service)

Registrant's telephone number, including area code: 617-563-7000

Date of fiscal year end:	December 31
Date of reporting period:	June 30, 2003

Item 1. Reports to Stockholders

Fidelity®

Congress Street

Fund

Semiannual Report

June 30, 2003

(2_fidelity_logos) (Registered_Trademark)

Contents

Chairman's Message	<Click Here>	Ned Johnson's message to shareholders.
Investment Changes	<Click Here>	A summary of major shifts in the fund's investments over the past six months.
Investments	<Click Here>	A complete list of the fund's investments with their market values.
Financial Statements	<Click Here>	Statements of assets and liabilities, operations, and changes in net assets, as well as financial highlights.
Notes	<Click Here>	Notes to the financial statements.

Other marks appearing herein are registered or unregistered trademarks or service marks of FMR Corp. or an affiliated company.

(Recycle graphic)   This report is printed on recycled paper using soy-based inks.

This report and the financial statements contained herein are submitted for the general information of the shareholders of the fund.

Mutual fund shares are not deposits or obligations of, or guaranteed by, any depository institution. Shares are not insured by the FDIC, Federal Reserve Board or any other agency, and are subject to investment risks, including possible loss of principal amount invested.

Neither the fund nor Fidelity Distributors Corporation is a bank.

For more information on any Fidelity fund, including charges and expenses, call 1-800-544-6666 for a free prospectus. Read it carefully before you invest or send money.

Chairman's Message

(photo_of_Edward_C_Johnson_3d)

Dear Shareholder:

This shareholder update and report on the performance of your fund is among the first to be produced under the new Sarbanes-Oxley Public Company Accounting and Investor Protection Act of 2002. This act requires that public companies certify, under penalty of law, the financial information they report to shareholders. It was adopted by Congress in reaction to several incidents of corporate malfeasance that brought the integrity of management of some publicly traded companies into question.

After the act was signed into law, the Securities and Exchange Commission interpreted it as applying to mutual funds as well as public companies. Thus, every mutual fund now is required to certify that the financial information provided in annual and semiannual reports to shareholders fully and fairly presents its financial position.

There is little doubt that the intent of Congress and regulators in this matter is a noble one - to improve the accuracy and accountability of financial reporting to investors by corporate America. We in no way condone any of the activities that brought about these requirements, and we welcome any and every reasonable proposal to strengthen investor protection and information disclosure.

That said, we are proud that mutual funds have always provided full and fair disclosure. Governed by the Investment Company Act of 1940 - and monitored and regulated by federal and state agencies, industry oversight associations, and independent directors - mutual funds are among the most transparent of all financial products. For example, the prices of mutual fund shares are established and published every business day, and the majority of members of the Board of Trustees that oversees our funds are not affiliated with the business of Fidelity. The disclosure standards of mutual funds actually have become models for governance and transparency across corporate America.

We are, of course, complying in full with the letter of this new requirement and hope that any future efforts by Congress to reassure investors about the honesty of corporate America will focus on practical and substantive solutions of genuine value to shareholders.

This sort of careful consideration was evident as Congress deliberated President Bush's tax cut package this spring, then enacted legislation that contains a variety of benefits for American families, investors and businesses. Although the final bill did not completely eliminate the tax that individual investors pay when they receive dividends from companies, it still will benefit American investors, and we applaud it in the spirit of compromise that marked the debate in Congress.

At Fidelity, we are committed to acting at all times in accordance with the highest standards of integrity and in the best interests of our fund shareholders. We are proud of the amount of information we provide to those who invest in our funds and pleased to continue that level of communication with you in these reports.

Semiannual Report

President's Message - continued

Best regards,

/s/Edward C. Johnson 3d

Edward C. Johnson 3d

Semiannual Report

Investment Changes

Top Ten Stocks as of June 30, 2003
	% of fund's net assets	% of fund's net assets 6 months ago
General Electric Co.	7.3	6.8
United Technologies Corp.	7.3	6.9
Johnson & Johnson	6.6	7.5
Exxon Mobil Corp.	6.3	6.7
Knight-Ridder, Inc.	5.7	5.6
Anheuser-Busch Companies, Inc.	5.6	6.0
Merck & Co., Inc.	5.3	5.3
Verizon Communications, Inc.	4.6	4.8
International Paper Co.	4.2	4.5
Guidant Corp.	3.8	2.8
	56.7
Top Five Market Sectors as of June 30, 2003
	% of fund's net assets	% of fund's net assets 6 months ago
Health Care	23.7	23.2
Industrials	17.5	17.2
Consumer Staples	16.3	16.9
Information Technology	12.3	11.9
Energy	8.7	9.0

Asset Allocation (% of fund's net assets)
As of June 30, 2003		As of December 31, 2002
	Stocks 99.3%		Stocks 99.4%
	Short-Term Investments and Net Other Assets 0.7%		Short-Term Investments and Net Other Assets 0.6%

Semiannual Report

Investments June 30, 2003 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.3%
	Shares		Value (Note 1)
CONSUMER DISCRETIONARY - 6.3%
Leisure Equipment & Products - 0.6%
Eastman Kodak Co.	15,643		$ 427,836
Media - 5.7%
Knight-Ridder, Inc.	57,400		3,956,582
TOTAL CONSUMER DISCRETIONARY			4,384,418
CONSUMER STAPLES - 16.3%
Beverages - 9.4%
Anheuser-Busch Companies, Inc.	76,306		3,895,421
The Coca-Cola Co.	56,153		2,606,061
			6,501,482
Food Products - 1.3%
Del Monte Foods Co. (a)	12,822		113,346
H.J. Heinz Co.	23,464		773,843
			887,189
Household Products - 2.4%
Colgate-Palmolive Co.	28,064		1,626,309
Tobacco - 3.2%
Altria Group, Inc.	49,273		2,238,965
TOTAL CONSUMER STAPLES			11,253,945
ENERGY - 8.7%
Oil & Gas - 8.7%
ChevronTexaco Corp.	22,358		1,614,248
Exxon Mobil Corp.	121,632		4,367,805
			5,982,053
FINANCIALS - 4.1%
Commercial Banks - 0.6%
Bank One Corp.	11,100		412,698
Diversified Financial Services - 3.3%
Citigroup, Inc.	53,400		2,285,520
Common Stocks - continued
	Shares		Value (Note 1)
FINANCIALS - continued
Insurance - 0.2%
Travelers Property Casualty Corp.:
Class A	2,307		$ 36,681
Class B	4,740		74,750
			111,431
TOTAL FINANCIALS			2,809,649
HEALTH CARE - 23.7%
Health Care Equipment & Supplies - 3.8%
Guidant Corp.	59,347		2,634,413
Pharmaceuticals - 19.9%
Eli Lilly & Co.	15,807		1,090,209
Johnson & Johnson	88,351		4,567,747
Merck & Co., Inc.	60,873		3,685,860
Pfizer, Inc.	52,904		1,806,672
Wyeth	56,860		2,589,973
			13,740,461
TOTAL HEALTH CARE			16,374,874
INDUSTRIALS - 17.5%
Aerospace & Defense - 8.9%
Boeing Co.	33,401		1,146,322
United Technologies Corp.	70,860		5,019,014
			6,165,336
Commercial Services & Supplies - 0.5%
Waste Management, Inc.	14,500		349,305
Industrial Conglomerates - 7.3%
General Electric Co.	175,232		5,025,654
Road & Rail - 0.8%
Union Pacific Corp.	9,660		560,473
TOTAL INDUSTRIALS			12,100,768
INFORMATION TECHNOLOGY - 12.3%
Communications Equipment - 2.0%
Motorola, Inc.	149,739		1,412,039
Common Stocks - continued
	Shares		Value (Note 1)
INFORMATION TECHNOLOGY - continued
Computers & Peripherals - 7.1%
Hewlett-Packard Co.	107,408		$ 2,287,790
International Business Machines Corp.	31,444		2,594,130
			4,881,920
Electronic Equipment & Instruments - 0.6%
Agilent Technologies, Inc. (a)	21,436		419,074
Semiconductors & Semiconductor Equipment - 1.7%
Intel Corp.	55,300		1,149,355
Software - 0.9%
Microsoft Corp.	25,200		645,372
TOTAL INFORMATION TECHNOLOGY			8,507,760
MATERIALS - 4.8%
Chemicals - 0.6%
Eastman Chemical Co.	8,793		278,474
Monsanto Co.	6,548		141,699
			420,173
Paper & Forest Products - 4.2%
International Paper Co.	81,522		2,912,781
TOTAL MATERIALS			3,332,954
TELECOMMUNICATION SERVICES - 4.6%
Diversified Telecommunication Services - 4.6%
Verizon Communications, Inc.	80,103		3,160,063
UTILITIES - 1.0%
Electric Utilities - 1.0%
Consolidated Edison, Inc.	14,160		612,845
Pepco Holdings, Inc.	5,635		107,967
			720,812
TOTAL COMMON STOCKS (Cost $15,782,749)		68,627,296
Cash Equivalents - 0.6%
	Maturity Amount		Value (Note 1)
Investments in repurchase agreements (Collateralized by U.S. Treasury Obligations, in a joint trading account at 1.02%, dated 6/30/03 due 7/1/03) (Cost $409,000)	$ 409,012		$ 409,000
TOTAL INVESTMENT PORTFOLIO - 99.9% (Cost $16,191,749)			69,036,296
NET OTHER ASSETS - 0.1%			38,356
NET ASSETS - 100%		$ 69,074,652

Legend

(a) Non-income producing

Other Information

Sales of securities, other than short-term securities, aggregated $1,643,465, which represents the value of securities delivered in redemption of the fund shares. The realized gain of $1,424,493 on securities delivered in redemption of fund shares is not taxable to the fund. There were no purchases of securities during the period.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Statements

Statement of Assets and Liabilities

		June 30, 2003 (Unaudited)
Assets
Investment in securities, at value (including repurchase agreements of $409,000) (cost $16,191,749) - See accompanying schedule		$ 69,036,296
Cash		975
Receivable for investments sold		2,552
Dividends receivable		142,515
Total assets		69,182,338
Liabilities
Payable for fund shares redeemed	$ 4,867
Accrued management fee	74,890
Other payables and accrued expenses	27,929
Total liabilities		107,686
Net Assets		$ 69,074,652
Net Assets consist of:
Paid in capital		$ 16,183,414
Undistributed net investment income		46,726
Accumulated undistributed net realized gain (loss) on investments		(35)
Net unrealized appreciation (depreciation) on investments		52,844,547
Net Assets, for 203,202 shares outstanding		$ 69,074,652
Net Asset Value, offering price and redemption price per share ($69,074,652 ÷ 203,202 shares)		$ 339.93

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Statements - continued

Statement of Operations

		Six months ended June 30, 2003 (Unaudited)
Investment Income
Dividends		$ 736,500
Interest		2,968
Total income		739,468
Expenses
Management fee	$ 145,767
Transfer agent fees	27,897
Accounting fees and expenses	30,482
Non-interested trustees' compensation	19
Custodian fees and expenses	4,900
Audit	16,482
Legal	536
Miscellaneous	414
Total expenses before reductions	226,497
Expense reductions	(60)	226,437
Net investment income (loss)		513,031
Realized and Unrealized Gain (Loss) Net realized gain (loss) on investment securities		1,424,493
Change in net unrealized appreciation (depreciation) on investment securities		4,433,466
Net gain (loss)		5,857,959
Net increase (decrease) in net assets resulting from operations		$ 6,370,990

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Statement of Changes in Net Assets

	Six months ended June 30, 2003 (Unaudited)	Year ended December 31, 2002
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 513,031	$ 988,982
Net realized gain (loss)	1,424,493	6,087,147
Change in net unrealized appreciation (depreciation)	4,433,466	(19,883,510)
Net increase (decrease) in net assets resulting from operations	6,370,990	(12,807,381)
Distributions to shareholders from net investment income	(476,905)	(989,621)
Share transactions
Reinvestment of distributions	101,541	284,604
Cost of shares redeemed	(1,698,939)	(6,872,836)
Net increase (decrease) in net assets resulting from share transactions	(1,597,398)	(6,588,232)
Total increase (decrease) in net assets	4,296,687	(20,385,234)
Net Assets
Beginning of period	64,777,965	85,163,199
End of period (including undistributed net investment income of $46,726 and undistributed net investment income of $10,600, respectively)	$ 69,074,652	$ 64,777,965
Other Information
Shares
Issued in reinvestment of distributions	293	853
Redeemed	(5,298)	(18,775)
Net increase (decrease)	(5,005)	(17,922)

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights

	Six months ended June 30, 2003	Years ended December 31,
	(Unaudited)	2002	2001	2000	1999	1998
Selected Per-Share Data
Net asset value, beginning of period	$ 311.12	$ 376.61	$ 418.88	$ 412.27	$ 375.34	$ 305.02
Income from Investment Operations
Net investment income (loss) D	2.52	4.62	4.75	4.70	4.34	4.50
Net realized and unrealized gain (loss)	28.64	(65.36)	(42.22)	6.71	36.94	70.41
Total from investment operations	31.16	(60.74)	(37.47)	11.41	41.28	74.91
Distributions from net investment income	(2.35)	(4.75)	(4.80)	(4.80)	(4.35)	(4.59)
Net asset value, end of period	$ 339.93	$ 311.12	$ 376.61	$ 418.88	$ 412.27	$ 375.34
Total Return B, C	10.01%	(16.19)%	(8.99)%	2.79%	11.05%	24.66%
Ratios to Average Net Assets E
Expenses before expense reductions	.70% A	.69%	.64%	.63%	.61%	.64%
Expenses net of voluntary waivers, if any	.70% A	.69%	.64%	.63%	.61%	.64%
Expenses net of all reductions	.70% A	.69%	.64%	.63%	.61%	.64%
Net investment income (loss)	1.58% A	1.34%	1.23%	1.15%	1.10%	1.34%
Supplemental Data
Net assets, end of period (000 omitted)	$ 69,075	$ 64,778	$ 85,163	$ 106,175	$ 112,344	$ 105,258
Portfolio turnover rate	0%	0%	4%	0%	1%	0%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower had certain expenses not been reduced during the periods shown.

^D Calculated based on average shares outstanding during the period.

^E Expense ratios reflect operating expenses of the fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from brokerage service arrangements or other expense offset arrangements and do not represent the amount paid by the fund during periods when reimbursements or reductions occur. Expenses net of any voluntary waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from brokerage service arrangements or other expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the fund.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Notes to Financial Statements

For the period ended June 30, 2003 (Unaudited)

1. Significant Accounting Policies.

Fidelity Congress Street Fund (the fund) is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust and is authorized to issue 3.8 million shares. Shares of the fund are not currently available for purchase. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which require management to make certain estimates and assumptions at the date of the financial statements. The following summarizes the significant accounting policies of the fund:

Security Valuation. Net asset value per share (NAV calculation) is calculated as of the close of business of the New York Stock Exchange, normally 4:00 p.m. Eastern time. Equity securities for which market quotations are available are valued at the last sale price or official closing price (closing bid price or last evaluated quote if no sale has occurred) on the primary market or exchange on which they trade. If an event that is expected to materially affect the value of a security occurs after the close of an exchange or market on which that security trades, but prior to the NAV calculation, then that security will be fair valued taking the event into account. Securities (including restricted securities) for which market quotations are not readily available are valued at their fair value as determined in good faith under consistently applied procedures under the general supervision of the Board of Trustees. Price movements in futures contracts and ADRs, market and trading trends, the bid/ask quotes of brokers and off-exchange institutional trading may be reviewed in the course of making a good faith determination of a security's fair value. Short-term securities with remaining maturities of sixty days or less for which quotations are not readily available are valued on the basis of amortized cost. Investments in open-end investment companies are valued at their net asset value each business day.

Investment Transactions and Income. Security transactions are accounted for as of trade date. Gains and losses on securities sold are determined on the basis of identified cost. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Interest income, which includes amortization of premium and accretion of discount on debt securities, as required, is accrued as earned.

Income Tax Information and Distributions to Shareholders. Each year the fund intends to qualify as a regulated investment company by distributing all of its taxable income and realized gains under Subchapter M of the Internal Revenue Code. As a result, no provision for income taxes is required in the accompanying financial statements. The

Semiannual Report

Notes to Financial Statements (Unaudited) - continued

1. Significant Accounting Policies - continued

Income Tax Information and Distributions to Shareholders - continued

fund intends to retain and pay federal income taxes at year-end on undistributed net long-term capital gains. Distributions are recorded on the ex-dividend date.

Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from generally accepted accounting principles. Capital accounts within the financial statements are adjusted for permanent and temporary book and tax differences. These adjustments have no impact on net assets or the results of operations. Temporary differences will reverse in a subsequent period. These differences are primarily due to redemptions in kind and capital loss carryforwards.

The federal tax cost of investments including unrealized appreciation (depreciation) as of period end was as follows:

Unrealized appreciation	$ 54,285,048	|
Unrealized depreciation	(1,440,501)
Net unrealized appreciation (depreciation)	$ 52,844,547
Cost for federal income tax purposes	$ 16,191,749

2. Operating Policies.

Repurchase Agreements. Fidelity Management & Research Company (FMR) has received an Exemptive Order from the Securities and Exchange Commission (the SEC) which permits the fund and other affiliated entities of FMR to transfer uninvested cash balances into joint trading accounts. These accounts are then invested in repurchase agreements that are collateralized by U.S. Treasury or Government obligations. The fund may also invest directly with institutions, in repurchase agreements that are collateralized by commercial paper obligations and corporate obligations. The custodian bank receives the collateral, which is marked-to-market daily and maintained at a value at least equal to the principal amount of the repurchase agreement (including accrued interest).

3. Purchases and Sales of Investments.

Information regarding purchases and sales of securities is included under the caption "Other Information" at the end of the fund's Schedule of Investments.

Semiannual Report

4. Fees and Other Transactions with Affiliates.

Management Fee. FMR and its affiliates provide the fund with investment management related services for which the fund pays a quarterly fee that is computed monthly at an annual rate of .50% of the fund's average net assets. The management fee is subject to a reduction to the extent that the monthly average net assets of all mutual funds advised by FMR exceed $4 billion in any month. The management fee payable by the fund on its portion of the excess is reduced by 10%. For the period, the fund's annualized management fee rate was .45% of average net assets.

Transfer Agent Fees. Fidelity Service Company, Inc. (FSC), an affiliate of FMR, is the fund's transfer, dividend disbursing and shareholder servicing agent. FSC receives account fees and asset-based fees that vary according to account size and type of account. FSC pays for typesetting, printing and mailing of all shareholder reports, except proxy statements. For the period, the transfer agent fees were equivalent to an annualized rate of .09% of average net assets.

Accounting Fees. FSC maintains the fund's accounting records. The fee is based on the level of average net assets for the month plus out-of-pocket expenses.

5. Expense Reductions.

In addition, through arrangements with the fund's custodian and transfer agent, credits realized as a result of uninvested cash balances were used to reduce the fund's expenses. During the period, these credits reduced the fund's custody and transfer agent expenses by $7 and $53, respectively.

6. Other Information.

At the end of the period, one unaffiliated shareholder was the owner of record of 12% of the total outstanding shares of the fund.

Semiannual Report

Managing Your Investments

Fidelity offers several ways to conveniently manage your personal investments via your telephone or PC. You can access your account information, conduct trades and research your investments 24 hours a day.

By Phone

Fidelity Automated Service Telephone provides a single toll-free number to access account balances, positions, quotes and trading. It's easy to navigate the service, and on your first call, the system will help you create a personal identification number (PIN) for security.

(phone_graphic)Fidelity Automated
Service Telephone (FAST®)
1-800-544-5555

Press

1   For mutual fund and brokerage trading.

2   For quotes.*

3   For account balances and holdings.

4   To review orders and mutual
fund activity.

5   To change your PIN.

*0   To speak to a Fidelity representative.

By PC

Fidelity's web site on the Internet provides a wide range of information, including daily financial news, fund performance, interactive planning tools and news about Fidelity products and services.

(computer_graphic)Fidelity's Web Site
www.fidelity.com

* When you call the quotes line, please remember that a fund's yield and return will vary and, except for money market funds, share price will also vary. This means that you may have a gain or loss when you sell your shares. There is no assurance that money market funds will be able to maintain a stable $1 share price; an investment in a money market fund is not insured or guaranteed by the U.S. government. Total returns are historical and include changes in share price, reinvestment of dividends and capital gains, and the effects of any sales charges.

Semiannual Report

To Write Fidelity

We'll give your correspondence immediate attention and send you written confirmation upon completion of your request.

(letter_graphic)Making Changes
To Your Account

(such as changing name, address, bank, etc.)

Fidelity Investments
P.O. Box 770001
Cincinnati, OH 45277-0002

(letter_graphic)For Non-Retirement
Accounts

Buying shares

Fidelity Investments
P.O. Box 770001
Cincinnati, OH 45277-0003

Overnight Express
Fidelity Investments
2300 Litton Lane - KH2B
Hebron, KY 41048

Selling shares

Fidelity Investments
P.O. Box 770001
Cincinnati, OH 45277-0035

Overnight Express
Fidelity Investments
Attn: Distribution Services
2300 Litton Lane - KH2GC
Hebron, KY 41048-9397

General Correspondence

Fidelity Investments
P.O. Box 500
Merrimack, NH 03054-0500

(letter_graphic)For Retirement
Accounts

Buying shares

Fidelity Investments
P.O. Box 770001
Cincinnati, OH 45277-0003

Selling shares

Fidelity Investments
P.O. Box 770001
Cincinnati, OH 45277-0035

Overnight Express
Fidelity Investments
Attn: Distribution Services
2300 Litton Lane - KH2GC
Hebron, KY 41048-9397

General Correspondence

Fidelity Investments
P.O. Box 500
Merrimack, NH 03054-0500

Semiannual Report

Investment Adviser

Fidelity Management &
Research Company

Boston, MA

Investment Sub-Adviser

FMR Co., Inc.

Transfer and Shareholder
Servicing Agent

Fidelity Service Company, Inc.

Boston, MA

Custodian

Brown Brothers Harriman & Co.

Boston, MA

Fidelity's Growth and Income Funds

Balanced Fund

Convertible Securities Fund

Equity-Income Fund

Equity-Income II Fund

Fidelity® Fund

Global Balanced Fund

Growth & Income Portfolio

Growth & Income II Portfolio

Puritan® Fund

Real Estate Investment Portfolio

Utilities Fund

The Fidelity Telephone Connection

Mutual Fund 24-Hour Service

Exchanges/Redemptions
and Account Assistance 1-800-544-6666

Product Information 1-800-544-6666

Retirement Accounts 1-800-544-4774
(8 a.m. - 9 p.m.)

TDD Service 1-800-544-0118
for the deaf and hearing impaired
(9 a.m. - 9 p.m. Eastern time)

Fidelity Automated Service
Telephone (FAST®) (automated graphic)    1-800-544-5555

(automated graphic)    Automated line for quickest service

(Fidelity Investment logo)(registered trademark)
Corporate Headquarters
82 Devonshire St., Boston, MA 02109
www.fidelity.com

CST-USAN-0803
1.788742.100

Item 2. Code of Ethics

Not applicable.

Item 3. Audit Committee Financial Expert

Not applicable.

Item 4. Principal Accountant Fees and Services

Not applicable.

Item 5. Audit Committee of Listed Registrants

Not applicable.

Item 6. Reserved

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies

Not applicable.

Item 8. Reserved

Item 9. Controls and Procedures

(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Congress Street Fund's (the "Trust") disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.

(a)(ii) There was no change in the Trust's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the Trust's last fiscal half-year that has materially affected, or is reasonably likely to materially affect, the Trust's internal control over financial reporting.

Item 10. Exhibits

(a)	(1)	Not applicable.
(a)	(2)	Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) attached hereto as Exhibit 99.CERT.
(b)		Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) attached hereto as Exhibit 99.906CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Fidelity Congress Street Fund

By:	/s/Maria Dwyer
	Maria Dwyer
	President and Treasurer
Date:	August 25, 2003

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/Maria Dwyer
	Maria Dwyer
	President and Treasurer
Date:	August 25, 2003

By:	/s/Timothy F. Hayes
	Timothy F. Hayes
	Chief Financial Officer
Date:	August 25, 2003