| (logo) Fidelity Investments® | Fidelity Pricing & Cash Management Services 245 Summer Street Boston, MA 02210–1129 617–563–7000 | |
| January 30, 2015 | ||
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
RE: | Variable Insurance Products Fund V (the trust): Asset Manager Portfolio Asset Manager: Growth Portfolio Freedom 2005 Portfolio Freedom 2010 Portfolio Freedom 2015 Portfolio Freedom 2020 Portfolio Freedom 2025 Portfolio Freedom 2030 Portfolio Freedom 2035 Portfolio Freedom 2040 Portfolio Freedom 2045 Portfolio Freedom 2050 Portfolio Freedom Income Portfolio Freedom Lifetime Income I Portfolio Freedom Lifetime Income II Portfolio Freedom Lifetime Income III Portfolio FundsManager 20% Portfolio FundsManager 50% Portfolio FundsManager 60% Portfolio FundsManager 70% Portfolio FundsManager 85% Portfolio Investment Grade Bond Portfolio Investor Freedom 2005 Portfolio Investor Freedom 2010 Portfolio Investor Freedom 2015 Portfolio Investor Freedom 2020 Portfolio Investor Freedom 2025 Portfolio Investor Freedom 2030 Portfolio Investor Freedom Income Portfolio Money Market Portfolio Strategic Income Portfolio Target Volatility Portfolio (the funds) File No. 811-05361 |
Ladies and Gentlemen:
On behalf of the above referenced funds, transmitted herewith for filing pursuant to Rule 14a–6(a) of Regulation 14A under the Securities Exchange Act of 1934 is a preliminary copy of the Notice, Proxy Statement, and Forms of Proxy to be sent to shareholders in connection with a Special Meeting of Shareholders of the funds to be held on May 12, 2015. Pursuant to Rule 14a–3(c), the required informational copy of each fund’s Annual Report for the fiscal period ended December 31, 2013 has been previously furnished to the commission.
We anticipate mailing definitive proxy materials to shareholders on or about March 16, 2015. In order to allow sufficient time to meet this schedule, we would greatly appreciate receiving comments (if any) from the Staff no later than February 9, 2015.
Please contact Jamie Plourde at (817) 474–7037 with any questions or comments relating to this filing.
| Sincerely, |
| /s/ Jamie Plourde |
| Jamie Plourde |
| Legal Product Group |
