**EXHIBIT EX-99.CODE ETH**

**FIDELITY FUNDS' CODE OF ETHICS FOR**

**PRESIDENT, TREASURER AND PRINCIPAL ACCOUNTING OFFICER**

**I.  Purposes of the Code/Covered Officers**

This document constitutes the Code of Ethics ("the Code") adopted by the Fidelity Funds (the "Funds")pursuant to the provisions of Rule 30b2-1(a) under the Investment Company Act of 1940), which Ruleimplements Sections 406 of the Sarbanes-Oxley Act of 2002 with respect to registered investment companies.The Code applies to the Fidelity Funds' President and Treasurer, and Chief Financial Officer (the "CoveredOfficers").  Fidelity's Ethics Office, a part of Fidelity Corporate Compliance within the Risk Oversight Group,administers the Code.

The purposes of the Code are to deter wrongdoing and to promote, on the part of the Covered Officers:

- 	honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interestbetween personal and professional relationships; 	full, fair, accurate, timely and understandable disclosure in reports and documents that the FidelityFunds submit to the Securities and Exchange Commission ("SEC"), and in other publiccommunications by a Fidelity Fund;	compliance with applicable laws and governmental rules and regulations;
- 	the prompt internal reporting to an appropriate person or persons identified in the Code of violations ofthe Code; and 	accountability for adherence to the Code.Each Covered Officer should adhere to a high standard of business ethics and should be sensitive tosituations that may give rise to actual as well as apparent conflicts of interest.
**II.	Covered Officers Should Handle Ethically**
**Actual and Apparent Conflicts of Interest**
**Overview.**  A "conflict of interest" occurs when a Covered Officer's private interest interferes with the interestsof, or his service to, the Fidelity Funds.  For example, a conflict of interest would arise if a Covered Officer, or amember of his family, receives improper personal benefits as a result of his position with the Fidelity Funds.
Certain conflicts of interest arise out of the relationships between Covered Officers and the Fidelity Funds andalready are subject to conflict of interest provisions in the Investment Company Act of 1940 ("InvestmentCompany Act") and the Investment Advisers Act of 1940 ("Investment Advisers Act").  For example, CoveredOfficers may not individually engage in certain transactions (such as the purchase or sale of securities or otherproperty) with a Fidelity Fund because of their status as "affiliated persons" of the Fund.  Separate complianceprograms and procedures of the Fidelity Funds, Fidelity Management & Research Company ("FMR") and theother Fidelity companies are designed to prevent, or identify and correct, violations of these provisions.  ThisCode does not, and is not intended to, repeat or replace these programs and procedures, and such conflicts falloutside of the parameters of this Code.
Although typically not presenting an opportunity for improper personal benefit, conflicts arise from, or as aresult of, the contractual relationship between the Fidelity Funds and FMR (or another Fidelity company) ofwhich the Covered Officers are also officers or employees.  As a result, this Code recognizes that the CoveredOfficers will, in the normal course of their duties (whether formally for the Fidelity Funds, FMR or anotherFidelity company), be involved in establishing policies and implementing decisions that have different effectson the Fidelity Funds, FMR and other Fidelity companies.  The participation of the Covered Officers in suchactivities is inherent in the contractual relationship between the Fidelity Funds and FMR (or another Fidelitycompany), and is consistent with the performance by the Covered Officers of their duties as officers of theFidelity Funds.  Thus, if performed in conformity with the provisions of the Investment Company Act and theInvestment Advisers Act, such activities will be deemed to have been handled ethically.  In addition, it isrecognized by the Funds' Board of Trustees ("Board") that the Covered Officers also may be officers oremployees of one or more other Fidelity Funds covered by this Code.
Other conflicts of interest are covered by the Code, even if such conflicts of interest are not subject to provisionsin the Investment Company Act and the Investment Advisers Act.  The following list provides examples ofconflicts of interest under the Code, but Covered Officers should keep in mind that these examples are notexhaustive.  The overarching principle is that the personal interest of a Covered Officer should not be placedimproperly before the interest of a Fidelity Fund.
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Each Covered Officer must:
	not use his personal influence or personal relationships improperly to influence investment decisions orfinancial reporting by any Fidelity Fund whereby the Covered Officer would benefit personally to thedetriment of any Fidelity Fund;
- 	not cause a Fidelity Fund to take action, or fail to take action, for the individual personal benefit of theCovered Officer rather than the benefit the Fidelity Fund; 	not engage in any outside business activity, including serving as a director or trustee, that prevents theCovered Officer from devoting appropriate time and attention to the Covered Officer's responsibilitieswith the Fidelity Funds;	not have a consulting or employment relationship with any of the Fidelity Funds' service providers thatare not affiliated with Fidelity; and
- 	not retaliate against any employee or Covered Officer for reports of actual or potential misconduct,which are made in good faith.  With respect to other fact patterns, if a Covered Officer is in doubt, other potential conflict of interest situationsshould be described immediately to the Fidelity Ethics Office for resolution.  Similarly, any questions a CoveredOfficer has generally regarding the application or interpretation of the Code should be directed to the FidelityEthics Office immediately.  **III.  Disclosure and Compliance**  	Each Covered Officer should familiarize himself with the disclosure requirements generally applicableto the Fidelity Funds.
- 	Each Covered Officer should not knowingly misrepresent, or cause others to misrepresent, facts aboutany Fidelity Fund to others, whether within or outside Fidelity, including to the Board and auditors, andto governmental regulators and self-regulatory organizations; 	Each Covered Officer should, to the extent appropriate within his area of responsibility, consult withother officers and employees of the Fidelity Funds, FMR and the Fidelity service providers with thegoal of promoting full, fair, accurate, timely and understandable disclosure in the reports anddocuments the Fidelity Funds file with, or submit to, the SEC and in other public communicationsmade by the Fidelity Funds; and	It is the responsibility of each Covered Officer to promote compliance with the standards andrestrictions imposed by applicable laws, rules and regulations.
**IV.  Reporting and Accountability**
Each Covered Officer must:
	upon receipt of the Code, and annually thereafter, submit to the Fidelity Ethics Office anacknowledgement stating that he or she has received, read, and understands the Code; and
- 	notify the Fidelity Ethics Office promptly if he or she knows of any violation of the Code.   Failure todo so is itself a violation of this Code .  The Fidelity Ethics Office shall take all action it considers appropriate to investigate any actual or potentialviolations reported to it.  Upon completion of the investigation, if necessary, the matter will be reviewed withsenior management or other appropriate parties, and a determination will be made as to whether any sanctionshould be imposed as detailed below.  The Covered Officer will be informed of any sanction determined to beappropriate.  The Fidelity Ethics Office will inform the Ethics Oversight Committee of all Code violations andsanctions.  Without implied limitation, appropriate disciplinary or preventive action may include a writtenwarning, a letter of censure, suspension, dismissal or, in the event of criminal or other serious violations of law,notification of the SEC or other appropriate law enforcement authorities.  Additionally, other legal remediesmay be pursued.  The policies and procedures described in the Code do not create any obligations to any person or entity otherthan the Fidelity Funds.  The Code is intended solely for the internal use by the Fidelity Funds and does notconstitute a promise, contract or an admission by or on behalf of any Fidelity Fund as to any fact, circumstance,or legal conclusion.  The Fidelity Funds, the Fidelity companies and the Fidelity Ethics Officer retain thediscretion to decide whether the Code applies to a specific situation, and how it should be interpreted.  **V.  Oversight**  At least once each year, FMR will provide a written report to the Board, which describes any issues arisingunder the Code since the last report to the Board, including, but not limited to, information about materialviolations of the Code and sanctions imposed in response to the material violations.