Expense ratios are as of 12/31/2009.

The Gift Fund has contracted with Fidelity Investments to perform a range of administrative and financial advisory services. These materials are provided to you pursuant to the Gift Fund's agreements with Fidelity Investments.

Underlying mutual fund performance fluctuates and currently may be significantly lower than stated. Periods of market strength may not be repeated. The performance data and commentary featured represent past performance, which is no guarantee of future results. Share price, yield and return will vary and you may have a gain or loss when you sell your shares.

Average annual returns are calculated as a steady compounded rate of return over the period of time indicated. Returns are historical and include changes in share value and reinvestment of dividends and capital gains, if any. Fund prices, yields and returns may vary over time.

Lower-quality debt securities involve greater risk of default or price changes due to potential changes in the credit quality of the issuer.

Stock values fluctuate in response to the activities of individual companies and general market and economic conditions.

Interest rate increases can cause the price of a debt security to decrease. Increases in real interest rates can cause the price of inflation-protected debt securities to decrease. Interest payments on inflation-protected debt securities can be unpredictable. In addition, non-diversified funds that focus on a relatively small number of stocks tend to be more volatile than diversified funds and the market as a whole.

Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry.

Pooled Income Fund (PIF) returns are based on the total returns of the mutual funds and are net of the annual administrative fee of 0.50% of PIF assets.

Past performance is no guarantee of future results. Actual value may vary over time.

Pooled Income Fund (PIF) returns are based on the total returns of the mutual funds and are net of the annual administrative fee of 0.50% of PIF assets. Fees will be reduced for account assets above certain amounts. Benchmarks are not adjusted for fees.

The total return of each mutual fund is as of 12/31/09 and includes change in share price and reinvestment of dividend and capital gains, and the effect of the fund's management fee and other expenses. Share price and return will vary. During some of the periods reported, Fidelity was reimbursing a portion of fund expenses. Absent such reimbursement, total returns would have been lower.

Pooled Income Fund figures shown are since inception.

The Pooled Income Fund Blended Benchmark consists of the Russell 3000^® Index (20%), Barclays Capital Aggregate Bond Index (40%), Merrill Lynch High Yield Master II Constrained Index (10%), and the Barclays Capital 1-3 Year Government/Corporate Benchmark (30%) from 12/31/1994 through October 31, 2007. Effective November 1, 2007, the Pooled Income Fund Blended Benchmark consists of the Russell 3000^® Index (20%), the Barclays Capital Aggregate Bond Index (64%), and the Merrill Lynch High Yield Master II Constrained Index(16%).

Life-of-fund figures are reported as of the commencement date to the period indicated. Life-of-fund figures are used where the fund has not been in existence for ten years. The inception date of the Fidelity Real Estate Income Fund is February 2003. The inception date of the Western Asset Core Plus Bond Fund is January 2002. The inception date of the T. Rowe Price High Yield Fund is March 2000. The inception date of the PIMCO Real Return Fund is April 2000.

The Merrill Lynch U.S. High Yield Master II Constrained Index is a market value-weighted index of all domestic and yankee high-yield bonds, including deferred interest bonds and payment-in-kind securities. Issues included in the index have maturities of one year or more and have a credit rating lower than BBB-/Baa3, but are not in default. The Merrill Lynch U.S. High Yield Master II Constrained Index limits any individual issuer to a maximum of 2% benchmark exposure.

The Barclays Capital Aggregate Bond Index is a market value-weighted index of taxable investment-grade fixed-rate debt issues, including government, corporate, asset-backed, and mortgage-backed securities, with maturities of one year or more. The index is designed to represent the performance of the U.S. investment-grade fixed-rate bond market.

The Barclays Capital 1–3 Year Government/Corporate is a market value-weighted index of government and taxable investment-grade corporate fixed-rate debt issues with maturities between one and three years.

The Russell 3000^® Index is a market-capitalization-weighted index of stocks of the 3,000 largest U.S. domiciled companies.

You cannot invest directly in an index/benchmark.

The inception date of the Pooled Income Fund is November 1994.

Fidelity mutual funds are managed by Fidelity Management Research Company.

Strategic Advisers, Inc., a registered investment adviser, is the investment manager for the Pooled Income Fund.