POWER OF ATTORNEY
 I, the undersigned President and Director, Trustee, or General
Partner, as the case may be, of the following investment companies:
 


                                                                                     
Fidelity Aberdeen Street Trust          Fidelity Hereford Street Trust                     
Fidelity Advisor Series I               Fidelity Income Fund                               
Fidelity Advisor Series II              Fidelity Institutional Cash Portfolios             
Fidelity Advisor Series III             Fidelity Institutional Tax-Exempt Cash Portfolios  
Fidelity Advisor Series IV              Fidelity Investment Trust                          
Fidelity Advisor Series V               Fidelity Magellan Fund                             
Fidelity Advisor Series VI              Fidelity Massachusetts Municipal Trust             
Fidelity Advisor Series VII             Fidelity Money Market Trust                        
Fidelity Advisor Series VIII            Fidelity Mt. Vernon Street Trust                   
Fidelity Beacon Street Trust            Fidelity Municipal Trust                           
Fidelity Boston Street Trust            Fidelity Municipal Trust II                        
Fidelity California Municipal Trust     Fidelity New York Municipal Trust                  
Fidelity California Municipal Trust II  Fidelity New York Municipal Trust II               
Fidelity Capital Trust                  Fidelity Phillips Street Trust                     
Fidelity Charles Street Trust           Fidelity Puritan Trust                             
Fidelity Commonwealth Trust             Fidelity Revere Street Trust                       
Fidelity Concord Street Trust           Fidelity School Street Trust                       
Fidelity Congress Street Fund           Fidelity Securities Fund                           
Fidelity Contrafund                     Fidelity Select Portfolios                         
Fidelity Corporate Trust                Fidelity Sterling Performance Portfolio, L.P.      
Fidelity Court Street Trust             Fidelity Summer Street Trust                       
Fidelity Court Street Trust II          Fidelity Trend Fund                                
Fidelity Covington Trust                Fidelity U.S. Investments-Bond Fund, L.P.          
Fidelity Daily Money Fund               Fidelity U.S. Investments-Government Securities    
Fidelity Destiny Portfolios                Fund, L.P.                                      
Fidelity Deutsche Mark Performance      Fidelity Union Street Trust                        
  Portfolio, L.P.                       Fidelity Union Street Trust II                     
Fidelity Devonshire Trust               Fidelity Yen Performance Portfolio, L.P.           
Fidelity Exchange Fund                  Newbury Street Trust                               
Fidelity Financial Trust                Variable Insurance Products Fund                   
Fidelity Fixed-Income Trust             Variable Insurance Products Fund II                
Fidelity Government Securities Fund     Variable Insurance Products Fund III               
Fidelity Hastings Street Trust                                                             
 

 
in addition to any other investment company for which Fidelity
Management & Research Company or an affiliate acts as investment
adviser and for which the undersigned individual serves as President
and Director, Trustee, or General Partner (collectively, the "Funds"),
hereby constitute and appoint Robert C. Pozen my true and lawful
attorney-in-fact, with full power of substitution, and with full power
to him to sign for me and in my name in the appropriate capacity, all
Registration Statements of the Funds on Form N-1A, Form N-8A, or any
successor thereto, any and all subsequent Amendments, Pre-Effective
Amendments, or Post-Effective Amendments to said Registration
Statements on Form N-1A, Form N-8A, or any successor thereto, any
Registration Statements on Form N-14, and any supplements or other
instruments in connection therewith, and generally to do all such
things in my name and on my behalf in connection therewith as said
attorney-in-fact deems necessary or appropriate, to comply with the
provisions of the Securities Act of 1933 and the Investment Company
Act of 1940, and all related requirements of the Securities and
Exchange Commission.  I hereby ratify and confirm all that said
attorney-in-fact or his substitutes may do or cause to be done by
virtue hereof.  This power of attorney is effective for all documents
filed on or after August 1, 1997.
 WITNESS my hand on the date set forth below.
/s/Edward C. Johnson 3d_  July 17, 1997  
 
Edward C. Johnson 3d                     
 
 
POWER OF ATTORNEY
 I, the undersigned Director, Trustee, or General Partner, as the case
may be, of the following investment companies:
 


                                                                                     
Fidelity Aberdeen Street Trust          Fidelity Government Securities Fund                
Fidelity Advisor Annuity Fund           Fidelity Hastings Street Trust                     
Fidelity Advisor Series I               Fidelity Hereford Street Trust                     
Fidelity Advisor Series II              Fidelity Income Fund                               
Fidelity Advisor Series III             Fidelity Institutional Cash Portfolios             
Fidelity Advisor Series IV              Fidelity Institutional Tax-Exempt Cash Portfolios  
Fidelity Advisor Series V               Fidelity Institutional Trust                       
Fidelity Advisor Series VI              Fidelity Investment Trust                          
Fidelity Advisor Series VII             Fidelity Magellan Fund                             
Fidelity Advisor Series VIII            Fidelity Massachusetts Municipal Trust             
Fidelity Beacon Street Trust            Fidelity Money Market Trust                        
Fidelity Boston Street Trust            Fidelity Mt. Vernon Street Trust                   
Fidelity California Municipal Trust     Fidelity Municipal Trust                           
Fidelity California Municipal Trust II  Fidelity Municipal Trust II                        
Fidelity Capital Trust                  Fidelity New York Municipal Trust                  
Fidelity Charles Street Trust           Fidelity New York Municipal Trust II               
Fidelity Commonwealth Trust             Fidelity Phillips Street Trust                     
Fidelity Congress Street Fund           Fidelity Puritan Trust                             
Fidelity Contrafund                     Fidelity Revere Street Trust                       
Fidelity Corporate Trust                Fidelity School Street Trust                       
Fidelity Court Street Trust             Fidelity Securities Fund                           
Fidelity Court Street Trust II          Fidelity Select Portfolios                         
Fidelity Covington Trust                Fidelity Sterling Performance Portfolio, L.P.      
Fidelity Daily Money Fund               Fidelity Summer Street Trust                       
Fidelity Daily Tax-Exempt Fund          Fidelity Trend Fund                                
Fidelity Destiny Portfolios             Fidelity U.S. Investments-Bond Fund, L.P.          
Fidelity Deutsche Mark Performance      Fidelity U.S. Investments-Government Securities    
  Portfolio, L.P.                          Fund, L.P.                                      
Fidelity Devonshire Trust               Fidelity Union Street Trust                        
Fidelity Exchange Fund                  Fidelity Union Street Trust II                     
Fidelity Financial Trust                Fidelity Yen Performance Portfolio, L.P.           
Fidelity Fixed-Income Trust             Variable Insurance Products Fund                   
                                        Variable Insurance Products Fund II                
 

 
plus any other investment company for which Fidelity Management &
Research Company or an affiliate acts as investment adviser and for
which the undersigned individual serves as Director, Trustee, or
General Partner (collectively, the "Funds"), hereby constitute and
appoint Arthur J. Brown, Arthur C. Delibert, Stephanie A. Djinis,
Robert C. Hacker, Thomas M. Leahey, Richard M. Phillips, and Dana L.
Platt, each of them singly, my true and lawful attorneys-in-fact, with
full power of substitution, and with full power to each of them, to
sign for me and in my name in the appropriate capacities, all
Registration Statements of the Funds on Form N-1A, Form N-8A or any
successor thereto, any and all subsequent Amendments, Pre-Effective
Amendments, or Post-Effective Amendments to said Registration
Statements on Form N-1A or any successor thereto, any Registration
Statements on Form N-14, and any supplements or other instruments in
connection therewith, and generally to do all such things in my name
and behalf in connection therewith as said attorneys-in-fact deem
necessary or appropriate, to comply with the provisions of the
Securities Act of 1933 and the Investment Company Act of 1940, and all
related requirements of the Securities and Exchange Commission.  I
hereby ratify and confirm all that said attorneys-in-fact or their
substitutes may do or cause to be done by virtue hereof.  This power
of attorney is effective for all documents filed on or after March 1,
1997.
 WITNESS my hand on the date set forth below.
/s/Robert M. Gates             March 6, 1997  
 
Robert M. Gates                               
 
 
POWER OF ATTORNEY
 We, the undersigned Directors, Trustees, or General Partners, as the
case may be, of the following investment companies:
 


                                                                                     
Fidelity Aberdeen Street Trust          Fidelity Government Securities Fund                
Fidelity Advisor Annuity Fund           Fidelity Hastings Street Trust                     
Fidelity Advisor Series I               Fidelity Hereford Street Trust                     
Fidelity Advisor Series II              Fidelity Income Fund                               
Fidelity Advisor Series III             Fidelity Institutional Cash Portfolios             
Fidelity Advisor Series IV              Fidelity Institutional Tax-Exempt Cash Portfolios  
Fidelity Advisor Series V               Fidelity Institutional Trust                       
Fidelity Advisor Series VI              Fidelity Investment Trust                          
Fidelity Advisor Series VII             Fidelity Magellan Fund                             
Fidelity Advisor Series VIII            Fidelity Massachusetts Municipal Trust             
Fidelity Beacon Street Trust            Fidelity Money Market Trust                        
Fidelity Boston Street Trust            Fidelity Mt. Vernon Street Trust                   
Fidelity California Municipal Trust     Fidelity Municipal Trust                           
Fidelity California Municipal Trust II  Fidelity Municipal Trust II                        
Fidelity Capital Trust                  Fidelity New York Municipal Trust                  
Fidelity Charles Street Trust           Fidelity New York Municipal Trust II               
Fidelity Commonwealth Trust             Fidelity Phillips Street Trust                     
Fidelity Congress Street Fund           Fidelity Puritan Trust                             
Fidelity Contrafund                     Fidelity Revere Street Trust                       
Fidelity Corporate Trust                Fidelity School Street Trust                       
Fidelity Court Street Trust             Fidelity Securities Fund                           
Fidelity Court Street Trust II          Fidelity Select Portfolios                         
Fidelity Covington Trust                Fidelity Sterling Performance Portfolio, L.P.      
Fidelity Daily Money Fund               Fidelity Summer Street Trust                       
Fidelity Daily Tax-Exempt Fund          Fidelity Trend Fund                                
Fidelity Destiny Portfolios             Fidelity U.S. Investments-Bond Fund, L.P.          
Fidelity Deutsche Mark Performance      Fidelity U.S. Investments-Government Securities    
  Portfolio, L.P.                          Fund, L.P.                                      
Fidelity Devonshire Trust               Fidelity Union Street Trust                        
Fidelity Exchange Fund                  Fidelity Union Street Trust II                     
Fidelity Financial Trust                Fidelity Yen Performance Portfolio, L.P.           
Fidelity Fixed-Income Trust             Variable Insurance Products Fund                   
                                        Variable Insurance Products Fund II                
 

 
plus any other investment company for which Fidelity Management &
Research Company or an affiliate acts as investment adviser and for
which the undersigned individual serves as Directors, Trustees, or
General Partners (collectively, the "Funds"), hereby constitute and
appoint Arthur J. Brown, Arthur C. Delibert, Stephanie A. Djinis,
Robert C. Hacker, Thomas M. Leahey, Richard M. Phillips, and Dana L.
Platt, each of them singly, our true and lawful attorneys-in-fact,
with full power of substitution, and with full power to each of them,
to sign for us and in our names in the appropriate capacities, all
Registration Statements of the Funds on Form N-1A, Form N-8A or any
successor thereto, any and all subsequent Amendments, Pre-Effective
Amendments, or Post-Effective Amendments to said Registration
Statements on Form N-1A or any successor thereto, any Registration
Statements on Form N-14, and any supplements or other instruments in
connection therewith, and generally to do all such things in our names
and behalf in connection therewith as said attorneys-in-fact deems
necessary or appropriate, to comply with the provisions of the
Securities Act of 1933 and the Investment Company Act of 1940, and all
related requirements of the Securities and Exchange Commission.  I
hereby ratify and confirm all that said attorneys-in-fact or their
substitutes may do or cause to be done by virtue hereof.  This power
of attorney is effective for all documents filed on or after January
1, 1997.
 WITNESS our hands on this nineteenth day of December, 1996.
/s/Edward C. Johnson 3d___________   /s/Peter S. Lynch________________   
 
Edward C. Johnson 3d                 Peter S. Lynch                      
                                                                         
                                                                         
                                                                         
 
/s/J. Gary Burkhead_______________   /s/William O. McCoy______________   
 
J. Gary Burkhead                     William O. McCoy                    
 
/s/Ralph F. Cox __________________  /s/Gerald C. McDonough___________   
 
Ralph F. Cox                        Gerald C. McDonough                 
 
/s/Phyllis Burke Davis_____________  /s/Marvin L. Mann________________   
 
Phyllis Burke Davis                  Marvin L. Mann                      
 
/s/E. Bradley Jones________________  /s/Thomas R. Williams ____________  
 
E. Bradley Jones                     Thomas R. Williams                  
 
/s/Donald J. Kirk __________________ 
Donald J. Kirk