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     
Fidelity Advisor Series III     Portfolios                      
Fidelity Advisor Series IV      Fidelity Institutional          
Fidelity Advisor Series V       Tax-Exempt Cash Portfolios      
Fidelity Advisor Series VI      Fidelity Investment Trust       
Fidelity Advisor Series VII     Fidelity Magellan Fund          
Fidelity Advisor Series VIII    Fidelity Massachusetts          
Fidelity Beacon Street Trust    Municipal Trust                 
Fidelity Boston Street Trust    Fidelity Money Market Trust     
Fidelity California Municipal   Fidelity Mt. Vernon Street      
Trust                           Trust                           
Fidelity California Municipal   Fidelity Municipal Trust        
Trust II                        Fidelity Municipal Trust II     
Fidelity Capital Trust          Fidelity New York Municipal     
Fidelity Charles Street Trust   Trust                           
Fidelity Commonwealth Trust     Fidelity New York Municipal     
Fidelity Concord Street Trust   Trust II                        
Fidelity Congress Street Fund   Fidelity Phillips Street Trust  
Fidelity Contrafund             Fidelity Puritan Trust          
Fidelity Corporate Trust        Fidelity Revere Street Trust    
Fidelity Court Street Trust     Fidelity School Street Trust    
Fidelity Court Street Trust II  Fidelity Securities Fund        
Fidelity Covington Trust        Fidelity Select Portfolios      
Fidelity Daily Money Fund       Fidelity Sterling Performance   
Fidelity Destiny Portfolios     Portfolio, L.P.                 
Fidelity Deutsche Mark          Fidelity Summer Street Trust    
Performance                     Fidelity Trend Fund             
  Portfolio, L.P.               Fidelity U.S.                   
Fidelity Devonshire Trust       Investments-Bond Fund, L.P.     
Fidelity Exchange Fund          Fidelity U.S.                   
Fidelity Financial Trust        Investments-Government          
Fidelity Fixed-Income Trust     Securities                      
Fidelity Government                Fund, L.P.                   
Securities Fund                 Fidelity Union Street Trust     
Fidelity Hastings Street Trust  Fidelity Union Street Trust II  
                                Fidelity Yen Performance        
                                Portfolio, L.P.                 
                                Newbury Street Trust            
                                Variable Insurance Products     
                                Fund                            
                                Variable Insurance Products     
                                Fund II                         
                                Variable Insurance Products     
                                Fund III                        
 
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             
Fidelity Advisor Annuity Fund   Securities Fund                 
Fidelity Advisor Series I       Fidelity Hastings Street Trust  
Fidelity Advisor Series II      Fidelity Hereford Street Trust  
Fidelity Advisor Series III     Fidelity Income Fund            
Fidelity Advisor Series IV      Fidelity Institutional Cash     
Fidelity Advisor Series V       Portfolios                      
Fidelity Advisor Series VI      Fidelity Institutional          
Fidelity Advisor Series VII     Tax-Exempt Cash Portfolios      
Fidelity Advisor Series VIII    Fidelity Institutional Trust    
Fidelity Beacon Street Trust    Fidelity Investment Trust       
Fidelity Boston Street Trust    Fidelity Magellan Fund          
Fidelity California Municipal   Fidelity Massachusetts          
Trust                           Municipal Trust                 
Fidelity California Municipal   Fidelity Money Market Trust     
Trust II                        Fidelity Mt. Vernon Street      
Fidelity Capital Trust          Trust                           
Fidelity Charles Street Trust   Fidelity Municipal Trust        
Fidelity Commonwealth Trust     Fidelity Municipal Trust II     
Fidelity Congress Street Fund   Fidelity New York Municipal     
Fidelity Contrafund             Trust                           
Fidelity Corporate Trust        Fidelity New York Municipal     
Fidelity Court Street Trust     Trust II                        
Fidelity Court Street Trust II  Fidelity Phillips Street Trust  
Fidelity Covington Trust        Fidelity Puritan Trust          
Fidelity Daily Money Fund       Fidelity Revere Street Trust    
Fidelity Daily Tax-Exempt Fund  Fidelity School Street Trust    
Fidelity Destiny Portfolios     Fidelity Securities Fund        
Fidelity Deutsche Mark          Fidelity Select Portfolios      
Performance                     Fidelity Sterling Performance   
  Portfolio, L.P.               Portfolio, L.P.                 
Fidelity Devonshire Trust       Fidelity Summer Street Trust    
Fidelity Exchange Fund          Fidelity Trend Fund             
Fidelity Financial Trust        Fidelity U.S.                   
Fidelity Fixed-Income Trust     Investments-Bond Fund, L.P.     
                                Fidelity U.S.                   
                                Investments-Government          
                                Securities                      
                                   Fund, L.P.                   
                                Fidelity Union Street Trust     
                                Fidelity Union Street Trust II  
                                Fidelity Yen Performance        
                                Portfolio, L.P.                 
                                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             
Fidelity Advisor Annuity Fund   Securities Fund                 
Fidelity Advisor Series I       Fidelity Hastings Street Trust  
Fidelity Advisor Series II      Fidelity Hereford Street Trust  
Fidelity Advisor Series III     Fidelity Income Fund            
Fidelity Advisor Series IV      Fidelity Institutional Cash     
Fidelity Advisor Series V       Portfolios                      
Fidelity Advisor Series VI      Fidelity Institutional          
Fidelity Advisor Series VII     Tax-Exempt Cash Portfolios      
Fidelity Advisor Series VIII    Fidelity Institutional Trust    
Fidelity Beacon Street Trust    Fidelity Investment Trust       
Fidelity Boston Street Trust    Fidelity Magellan Fund          
Fidelity California Municipal   Fidelity Massachusetts          
Trust                           Municipal Trust                 
Fidelity California Municipal   Fidelity Money Market Trust     
Trust II                        Fidelity Mt. Vernon Street      
Fidelity Capital Trust          Trust                           
Fidelity Charles Street Trust   Fidelity Municipal Trust        
Fidelity Commonwealth Trust     Fidelity Municipal Trust II     
Fidelity Congress Street Fund   Fidelity New York Municipal     
Fidelity Contrafund             Trust                           
Fidelity Corporate Trust        Fidelity New York Municipal     
Fidelity Court Street Trust     Trust II                        
Fidelity Court Street Trust II  Fidelity Phillips Street Trust  
Fidelity Covington Trust        Fidelity Puritan Trust          
Fidelity Daily Money Fund       Fidelity Revere Street Trust    
Fidelity Daily Tax-Exempt Fund  Fidelity School Street Trust    
Fidelity Destiny Portfolios     Fidelity Securities Fund        
Fidelity Deutsche Mark          Fidelity Select Portfolios      
Performance                     Fidelity Sterling Performance   
  Portfolio, L.P.               Portfolio, L.P.                 
Fidelity Devonshire Trust       Fidelity Summer Street Trust    
Fidelity Exchange Fund          Fidelity Trend Fund             
Fidelity Financial Trust        Fidelity U.S.                   
Fidelity Fixed-Income Trust     Investments-Bond Fund, L.P.     
                                Fidelity U.S.                   
                                Investments-Government          
                                Securities                      
                                   Fund, L.P.                   
                                Fidelity Union Street Trust     
                                Fidelity Union Street Trust II  
                                Fidelity Yen Performance        
                                Portfolio, L.P.                 
                                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     /s/Peter S.            
3d___________            Lynch________________  
 
Edward C. Johnson 3d     Peter S. Lynch         
                                                
 
/s/J. Gary               /s/William O.          
Burkhead_______________  McCoy______________    
 
J. Gary Burkhead         William O. McCoy       
 
/s/Ralph F. Cox          /s/Gerald C.           
__________________       McDonough___________   
 
Ralph F. Cox             Gerald C. McDonough    
 
/s/Phyllis Burke         /s/Marvin L.           
Davis_____________       Mann________________   
 
Phyllis Burke Davis      Marvin L. Mann         
 
/s/E. Bradley            /s/Thomas R. Williams  
Jones________________    ____________           
 
E. Bradley Jones         Thomas R. Williams     
 
/s/Donald J. Kirk __________________ 
Donald J. Kirk
 
POWER OF ATTORNEY
 
 I, the undersigned Treasurer and principal financial and accounting
officer 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     
Fidelity Advisor Series III     Portfolios                      
Fidelity Advisor Series IV      Fidelity Institutional          
Fidelity Advisor Series V       Tax-Exempt Cash Portfolios      
Fidelity Advisor Series VI      Fidelity Investment Trust       
Fidelity Advisor Series VII     Fidelity Magellan Fund          
Fidelity Advisor Series VIII    Fidelity Massachusetts          
Fidelity Beacon Street Trust    Municipal Trust                 
Fidelity Boston Street Trust    Fidelity Money Market Trust     
Fidelity California Municipal   Fidelity Mt. Vernon Street      
Trust                           Trust                           
Fidelity California Municipal   Fidelity Municipal Trust        
Trust II                        Fidelity Municipal Trust II     
Fidelity Capital Trust          Fidelity New York Municipal     
Fidelity Charles Street Trust   Trust                           
Fidelity Commonwealth Trust     Fidelity New York Municipal     
Fidelity Concord Street Trust   Trust II                        
Fidelity Congress Street Fund   Fidelity Phillips Street Trust  
Fidelity Contrafund             Fidelity Puritan Trust          
Fidelity Corporate Trust        Fidelity Revere Street Trust    
Fidelity Court Street Trust     Fidelity School Street Trust    
Fidelity Court Street Trust II  Fidelity Securities Fund        
Fidelity Covington Trust        Fidelity Select Portfolios      
Fidelity Daily Money Fund       Fidelity Sterling Performance   
Fidelity Destiny Portfolios     Portfolio, L.P.                 
Fidelity Deutsche Mark          Fidelity Summer Street Trust    
Performance                     Fidelity Trend Fund             
  Portfolio, L.P.               Fidelity U.S.                   
Fidelity Devonshire Trust       Investments-Bond Fund, L.P.     
Fidelity Exchange Fund          Fidelity U.S.                   
Fidelity Financial Trust        Investments-Government          
Fidelity Fixed-Income Trust     Securities                      
Fidelity Government                Fund, L.P.                   
Securities Fund                 Fidelity Union Street Trust     
Fidelity Hastings Street Trust  Fidelity Union Street Trust II  
                                Fidelity Yen Performance        
                                Portfolio, L.P.                 
                                Newbury Street Trust            
                                Variable Insurance Products     
                                Fund                            
                                Variable Insurance Products     
                                Fund II                         
                                Variable Insurance Products     
                                Fund III                        
 
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 President and Director,
Trustee, or General Partner (collectively, the "Funds"), hereby
constitute and appoint John H. Costello my true and lawful
attorney-in-fact, with full power of substitution, and with full power
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 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 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 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 July 1,
1997.
 
 WITNESS my hand on the date set forth below.
 
 
/s/Richard A. Silver   June 30, 1997  
 
Richard A. Silver