Exhibit (g)(22)

FORM OF

FIDELITY GROUP

REPO CUSTODIAN AGREEMENT

FOR JOINT TRADING ACCOUNT

	AGREEMENT dated as of ________ __, 200_, among **CHEMICAL BANK**, a bankingcorporation organized under the laws of the State of New York ("Repo Custodian"), **GREENWICHCAPITAL MARKETS, INC.** ("Seller") and each of the entities listed on Schedule A-1, A-2, A-3and A-4 hereto acting on behalf of itself or (i) in the case of a series company, on behalf of one ormore of its portfolios or series listed on Schedule A-1 or A-2 hereto, (ii) in the case of the accountslisted on Schedule A-3 hereto, acting through Fidelity Management & Research Company, and (iii) inthe case of the commingled or individual accounts listed on Schedule A-4 hereto, acting throughFidelity Management Trust Company (collectively, the "Funds" and each, a "Fund").

WITNESSETH

	WHEREAS, each of the Funds has entered into a master repurchase agreement dated as ofNovember 13, 1995, (the "Master Agreement") with Seller pursuant to which from time to time oneor more of the Funds, as buyers, and Seller, as seller, may enter into repurchase transactions effectedthrough one or more joint trading accounts (collectively, the "Joint Trading Account") established andadministered by one or more custodians of the Funds identified on Schedule C hereto (each a"Custodian"); and,

	WHEREAS, in each such repurchase transaction Seller will sell to such Funds certainSecurities (as hereinafter defined) selected from Eligible Securities (as hereinafter defined) held byRepo Custodian , subject to an agreement by Seller to repurchase such Securities; and

	WHEREAS, Repo Custodian currently maintains a cash and securities account (the "SellerAccount") for Seller for the purpose of, among other things, effecting repurchase transactionshereunder; and

	WHEREAS, the Funds desire that the Repo Custodian serve as the custodian for each of theFunds in connection with the repurchase transactions effected hereunder, and that the Repo Custodianhold cash, Cash Collateral (as hereinafter defined) and Securities for each of the Funds for thepurpose of effecting repurchase transactions hereunder.

	NOW THEREFORE, the parties hereto hereby agree as follows:

	1.	Definitions.

	Whenever used in this Agreement, the following terms shall have the meanings set forthbelow:

	(a)	"Banking Day" shall mean any day on which the Funds, Seller Custodian, RepoCustodian, and the Federal Reserve Banks where the Custodian and the Repo Custodian arelocated, are each open for business.

	(b)	"Cash Collateral" shall mean all cash, denominated in U.S. Dollars, credited byRepo Custodian to a Transaction Account pursuant to Paragraphs 3, 6, 8 or 9 of the MasterAgreement.

	(c)	"Custodian" shall have the meaning set forth in the preamble of thisAgreement.

	(d)	"Eligible Securities" shall mean those securities which are identified aspermissible securities for a particular Transaction Category.

	(e)	"FICASH I Transaction" and "FICASH III Transaction" shall mean arepurchase transaction in which the Repurchase Date is the Banking Day next following theSale Date and for which securities issued by the government of the United States of Americathat are direct obligations of the government of the United States of America shall constituteEligible Securities.

	(f)	"FICASH II Transaction" shall mean a repurchase transaction in which theRepurchase Date is the Banking Day next following the Sale Date and for which one or moreof the following two categories of securities, as specified by the Funds, shall constituteEligible Securities:  (x) securities issued by the government of the United States of Americathat are direct obligations of the government of the United States of America, or (y) securitiesissued by or guaranteed as to principal and interest by the government of the United States ofAmerica, or by its agencies and/or instrumentalities, including, but not limited to, the FederalHome Loan Bank, Federal Home Loan Mortgage Corp., Government National MortgageAssociation, Federal National Mortgage Association, Federal Farm Credit Bank, FederalIntermediate Credit Bank, Banks for Cooperatives, and Federal Land Banks.

	(g)	"FITERM I Transaction" and "FITERM III Transaction" shall mean arepurchase transaction in which the Repurchase Date is a date fixed by agreement betweenSeller and the Participating Funds which is not the Banking Day next following the Sale Date,or if applicable, the date fixed upon exercise of an Unconditional Resale Right (as hereinafterdefined) by the Participating Funds and for which securities issued by the government of theUnited States of America that are direct obligations of the government of the United States ofAmerica shall constitute Eligible Securities.

	(h)	"FITERM II Transaction" shall mean a repurchase transaction in which theRepurchase Date is a date fixed by agreement between Seller and the Participating Fundswhich is not the Banking Day next following the Sale Date, or, if applicable, the date fixedupon exercise of an Unconditional Resale Right (as hereinafter defined) by the ParticipatingFunds and for which one or more of the following two categories of securities, as specified bythe Funds, shall constitute Eligible Securities:  (x) securities issued by the government of theUnited States of America that are direct obligations of the government of the United States ofAmerica, or (y) securities issued by or guaranteed as to principal and interest by thegovernment of the United States of America, or by its agencies and/or instrumentalities,including, but not limited to, the Federal Home Loan Bank, Federal Home Loan MortgageCorp., Government National Mortgage Association, Federal National Mortgage Association,Federal Farm Credit Bank, Federal Intermediate Credit Bank, Banks for Cooperatives, andFederal Land Banks.

	(i)	"Fund" shall have the meaning set forth in the preamble of this Agreement.

	(j)	"Fund Agent" shall mean the agent for the Participating Funds designated inParagraph 18 of the Master Agreement.

	(k)	"Joint Trading Account" shall have the meaning set forth in the preamble ofthis Agreement.

	(l)	"Margin Percentage" with respect to any repurchase transaction shall be 102%or such other percentage as is agreed to by Seller and the Participating Funds (except that inno event shall the Margin Percentage be less than 100%).

	(m)	"Market Value" shall have the meaning set forth in Paragraph 4 of the MasterAgreement.

	(n)	"Master Agreement" shall have the meaning set forth in the preamble of thisAgreement.

	(o)	"1940 Act" shall mean have the meaning set forth in Paragraph 3(c) of thisAgreement.

	(p)	"Partial Payment" shall have the meaning set forth in Section 4(g) of thisAgreement.

	(q)	"Participating Funds" shall mean those Funds that are parties to a particularrepurchase transaction effected through the Joint Trading Account.

	(r)	"Pricing Rate" shall mean the per annum percentage rate agreed to by Sellerand the Participating Funds for a particular repurchase transaction.

	(s)	"Pricing Services" shall have the meaning set forth in Paragraph 7 of thisAgreement.

	(t)	"Repo Custodian" shall have the meaning set forth in the preamble of thisAgreement.

	(u)	"Repurchase Date" shall mean the date fixed by agreement between Seller andthe Participating Funds on which the Seller is to repurchase Securities and Cash Collateral, ifany, from the Participating Funds and the Participating Funds are to resell the Securities andCash Collateral, if any, including any date determined by application of the provisions ofParagraphs 7(a) and 15 of the Master Agreement.

	(v)	"Repurchase Price" for each repurchase transaction shall mean the Sale Price,plus an incremental amount determined by applying the Pricing Rate to the Sale Price,calculated on the basis of a 360-day year and the number of actual days elapsed from (andincluding) the Sale Date to (but excluding) the Repurchase Date.

	(w)	"Sale Date" shall mean the Banking Day on which Securities and CashCollateral, if any, are to be sold to the Participating Funds by Seller pursuant to a repurchasetransaction hereunder.

	(x)	"Sale Price" shall mean the price agreed upon by the Participating Funds andSeller at which the Securities and Cash Collateral, if any, are to be sold to the ParticipatingFunds by Seller.

	(y)	"Securities" shall mean all Eligible Securities delivered by Seller or to bedelivered by Seller to the Participating Funds pursuant to a particular repurchase transactionand not yet repurchased hereunder, together with all rights related thereto and all proceedsthereof.

	(z)	"Securities System" shall have the meaning set forth in Paragraph 3(c) of thisAgreement.

	(aa)	"Seller" shall have the meaning set forth in the preamble to this Agreement.

	(bb)	"Seller Account" shall have the meaning set forth in the preamble of thisAgreement.

		(cc)	"Transaction Account" shall mean a cash account established and maintainedby Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

		(dd)	"Transaction Category" shall mean the particular type of repurchase transactioneffected hereunder, as determined with reference to the term of the transaction and the categories ofSecurities that constitute Eligible Securities therefor, which term shall include FICASH ITransactions, FICASH II Transactions, FICASH III Transactions, FITERM I Transactions, FITERMII Transactions, FITERM III Transactions, and such other transaction categories as may from time totime be designated by the Funds by notice to Seller, Custodian and Repo Custodian.

		(ee)	"Unconditional Resale Right" shall have the meaning set forth in Paragraph7(b) of the Master Agreement.

		(ff)	"Valuation Day" shall mean any day on which Repo Custodian is open forbusiness.

	2.	Appointment of Repo Custodian.  Upon the terms and conditions set forth in thisAgreement, Repo Custodian is hereby appointed by the Funds to act as the custodian for theParticipating Funds to hold cash, Cash Collateral and Securities for the purpose of effectingrepurchase transactions for the Participating Funds through the Joint Trading Account pursuant to theMaster Agreement.  Repo Custodian hereby acknowledges the terms of the Master Agreementbetween the Funds and Seller (attached as an Exhibit hereto), as amended from time to time, andagrees to abide by the provisions thereof to the extent such provisions relate to the responsibilities andoperations of Repo Custodian hereunder.

	3.	Maintenance of Transaction Accounts.

	(a)	Repo Custodian shall establish and maintain one or more Transaction Accountsfor the purpose of effecting repurchase transactions hereunder for the Funds, in each casepursuant to the Master Agreement.  From time to time the Funds may cause Custodian, onbehalf of the Funds, to deposit Securities and cash with Repo Custodian in the designatedTransaction Account, in each case in accordance with Paragraph 3 of the Master Agreement.

	(b)	Repo Custodian shall keep all Securities, cash and Cash Collateral received forthe Participating Funds segregated at all times from those of any other person, firm orcorporation in its possession and shall identify all such Securities, cash and Cash Collateral assubject to this Agreement and the Master Agreement.  Segregation may be accomplished byphysical segregation with respect to certificated securities held by the Repo Custodian and, inaddition, by appropriate identification on the books and records of Repo Custodian in the caseof all other Securities, cash and Cash Collateral.  Title to all Securities and Cash Collateralunder a repurchase transaction shall pass to the Participating Funds that are parties to suchrepurchase transaction.  All such Securities and Cash Collateral shall be held by RepoCustodian for the Participating Funds, and shall be subject at all times to the properinstructions of the Participating Funds, or the Custodian on behalf of the Participating Funds,with respect to the holding, transfer or disposition of such Securities and Cash Collateral.Repo Custodian shall include in its records for each Transaction Account all instructionsreceived by it which evidence an interest of the Participating Funds in the Securities and CashCollateral and shall hold physically segregated any written agreement, receipt or other writingreceived by it which evidences an interest of the Participating Funds in the Securities and CashCollateral.

	(c)	Any requirement to "deliver" or "transfer" cash or Cash Collateral to theParticipating Funds or to "credit" a Transaction Account under this or any other paragraph ofthis Agreement shall be made in immediately available funds.  If Repo Custodian is requiredto "deliver" or "transfer" Securities to the Participating Funds under this or any otherparagraph of this Agreement, Repo Custodian shall take, or cause to be taken, the followingactions to perfect the Participating Funds' interest in such Securities as an outright purchaser:(i) in the case of certificated securities and instruments held by Seller, by physical delivery ofthe share certificates or other instruments representing the Securities and by physicalsegregation of such certificates or instruments from the Repo Custodian's other assets in amanner indicating that the Securities are being held for the Participating Funds (such securitiesand instruments to be delivered in form suitable for transfer or accompanied by duly executedinstruments of transfer or assignment in blank and accompanied by such other documentationas the Participating Funds may request), (ii) in the case of Securities held in a customer onlyaccount in a clearing agency or federal book-entry system authorized for use by the Funds andmeeting the requirements of Rule 17f-4 under the Investment Company Act of 1940, asamended (the "1940 Act") (such authorized agency or system being referred to herein as a"Securities System"), by appropriate entry on the books and records of Repo Custodianidentifying the Securities as belonging to the Participating Funds, or (iii) in the case ofSecurities held in Repo Custodian's own account in a Securities System, by transfer to acustomer only account in the Securities System and by appropriate entry on the books andrecords of Repo Custodian identifying such Securities as belonging to the Participating Funds;provided, further, that Repo Custodian shall confirm to the Participating Funds the identity ofthe Securities transferred or delivered.  Acceptance of a "due bill", "trust receipt" or similarreceipt or notification of segregation issued by a third party with respect to Securities held bysuch third party shall not constitute good delivery of Securities to Repo Custodian forpurposes of this Agreement or the Master Agreement and shall expressly violate the terms ofthis Agreement and the Master Agreement.  The Funds shall identify by notice to RepoCustodian and Seller those agencies or systems which have been approved by the Funds foruse under this Agreement and the Master Agreement.  The Funds hereby notify RepoCustodian and Seller that the following agencies and systems have been approved by theFunds for use under this Agreement and the Master Agreement, until such time as RepoCustodian and Seller shall have been notified by the Funds to the contrary:  (i) ParticipantsTrust Company; (ii) The Depository Trust Company; and (iii) any book-entry system asprovided in (A) Subpart O of Treasury Circular No. 300, 31 CFR 306.115, (B) Subpart B ofTreasury Circular Public Debt Series No. 27-76, 31 CFR 350.2, or (C) the book-entryregulations of federal agencies substantially in the form of 31 CFR 306.115.

	4.	Repurchase Transactions.

	(a)	Repo Custodian shall make all credits and debits to the Transaction Accountand effect the transfer of Securities to or from the Participating Funds upon proper instructionsreceived from the Participating Funds, or the Custodian on behalf of the Participating Funds,and shall make all credits and debits to the Seller Account and effect the transfer of Securitiesto or from the Seller upon proper instructions received from Seller.  In the event that RepoCustodian receives conflicting proper instructions from Seller and the Participating Funds, orthe Custodian on behalf of the Participating Funds, Repo Custodian shall follow theParticipating Funds' or the Custodian's proper instructions.  The Participating Funds shall giveRepo Custodian only such instructions as shall be permitted by the Master Agreement.Notwithstanding the preceding sentence, the Participating Funds, or the Custodian on behalfof the Participating Funds, may from time to time instruct Repo Custodian to transfer cashfrom the Transaction Account to Custodian so long as such transfer is not in contravention ofthe Master Agreement.

(b)	(i)	Whenever on any Banking Day one or more Funds and Seller agree toenter into a repurchase transaction, Seller and the Participating Funds, or the Custodianon behalf of the Participating Funds, will give Repo Custodian proper instructions bytelephone or otherwise by 5:00 p.m. New York time on the Sale Date, specifying theTransaction Category, Repurchase Date, Sale Price, Repurchase Price or the applicablePricing Rate and the Margin Percentage for each such repurchase transaction.

	(ii)	In the case of repurchase transactions in which the Repurchase Date isthe Banking Day next following the Sale Date (x) the Participating Funds may increaseor decrease the Sale Price for any such repurchase transaction by no more than 10% ofthe initial Sale Price by causing to be delivered further proper instructions by telephoneor otherwise to Repo Custodian by 5:15 p.m. New York time (or at such later time asmay be agreed upon by the parties) on the Sale Date and (y) Seller and theParticipating Funds may by mutual consent agree to increase or decrease the Sale Priceby more than 10% of the initial Sale Price by causing to be provided further properinstructions to Repo Custodian by the close of business on the Sale Date.   In anyevent, Repo Custodian shall not be responsible for determining whether any suchincrease or decrease of the Sale Price exceeds the 10% limitation.

	(c)	Seller will take such actions as are necessary to ensure that on the Sale Date theaggregate Market Value of all Securities held by Repo Custodian for Seller and cash in theSeller Account equals or exceeds the Margin Percentage of the Sale Price.  Seller shall giveRepo Custodian proper instructions specifying with respect to each of the Securities which isto be the subject of a repurchase transaction (a) the name of the issuer and the title of theSecurities, and (b) the Market Value of such Securities.  Such instructions shall constituteSeller's instructions to Repo Custodian to transfer the Securities to the Participating Fundsand/or Cash Collateral from the Seller Account to the Transaction Account.

	(d)	By 5:00 p.m. New York Time on the Sale Date, the Participating Funds shalltransfer to, or maintain on deposit with, Repo Custodian in the Transaction Accountimmediately available funds in an amount equal to the Sale Price with respect to a particularrepurchase transaction.

	(e)	Prior to the close of business on the Sale Date, Repo Custodian shall transferSecurities from Seller to the Participating Funds and/or cash held in the Seller Account to theTransaction Account and shall transfer to the Seller Account immediately available funds fromthe Transaction Account in accordance with the following provisions:

	(i)	Repo Custodian shall determine that all securities to be transferred bySeller to the Participating Funds are Eligible Securities.  Any securities which are notEligible Securities for a particular repurchase transaction hereunder shall not beincluded in the calculations set forth below and shall not be transferred to theParticipating Funds.

	(ii)	Repo Custodian shall then calculate the aggregate Market Value of theSecurities and cash, if any, to be so transferred.

	(iii)	Repo Custodian shall notify Seller in the event that the aggregateMarket Value of Securities and cash, if any, applicable to the repurchase transaction isless than the Margin Percentage of the Sale Price and Seller shall transfer, by the closeof business on the Sale Date, to Repo Custodian additional Securities and/or cash inthe amount of such deficiency.  If Seller does not, by the close of business on the SaleDate, transfer additional Securities and/or cash, the Market Value of which equals orexceeds such deficiency, Repo Custodian may, at its option, without notice to Seller,advance the amount of such deficiency to Seller in order to effectuate the repurchasetransaction.  It is expressly agreed that Repo Custodian is not obligated to make anadvance to Seller to enable it to complete any repurchase transaction.

	(iv)	Subject to the provisions of Subparagraph (v) below, Repo Custodianshall cause the Securities applicable to the repurchase transaction received from Sellerto be transferred to the Participating Funds and shall cause any cash received fromSeller to be transferred to the Transaction Account, against transfer of the Sale Pricefrom the Transaction Account to the Seller Account, such transfers of Securities and/orcash and funds to be deemed to occur simultaneously.

	(v)	Notwithstanding anything to the contrary, if, for any repurchasetransaction, the amount of immediately available funds in the Transaction Account isless than the agreed upon Sale Price in connection with the repurchase transactionimmediately prior to effectuating such repurchase transaction, or if the aggregateMarket Value of the Securities and cash, if any, applicable to such repurchasetransaction is less than the Sale Price multiplied by the Margin Percentage immediatelyprior to effectuating such repurchase transaction, Repo Custodian shall effect therepurchase transaction to the best of its ability by transferring Securities from Seller tothe Participating Funds and/or cash from the Seller Account to the TransactionAccount with an aggregate Market Value equal to the lesser of (x) the amount ofimmediately available funds in the Transaction Account multiplied by the MarginPercentage and (y) the aggregate Market Value of the Securities available for transferfrom Seller to the Participating Funds and cash, if any, in the Seller Account, againstthe transfer of immediately available funds from the Transaction Account to the SellerAccount in an amount equal to the aggregate Market Value of the Securities and/orcash to be transferred divided by the Margin Percentage; provided, however, that ineither such event Repo Custodian shall have the right not to transfer to theParticipating Funds such Securities and not to transfer such cash, if any, to theTransaction Account and not to transfer from the designated Transaction Account suchfunds as Repo Custodian determines, in its sole discretion, will not be the subject of arepurchase transaction.  The actions of Repo Custodian pursuant to thissubparagraph (e)(v) shall not affect the obligations and liabilities of the parties to eachother pursuant to the Master Agreement with regard to such repurchase transaction.

	(f)	In the event that on a Banking Day Seller desires to substitute Securitiesapplicable to such repurchase transaction with Eligible Securities and/or Cash Collateral (tothe extent provided in the Master Agreement), Repo Custodian shall perform such substitutionin accordance with the following provisions:

	(i)	Repo Custodian shall determine that all securities to be transferred tothe Participating Funds are Eligible Securities.  Any securities which are not eligiblefor repurchase transactions hereunder shall not be included in the calculations set forthbelow and shall not be transferred to the Participating Funds.

	(ii)	Repo Custodian shall then calculate the aggregate Market Value of theEligible Securities and/or Cash Collateral to be transferred.  Repo Custodian shall notmake any substitution if, at the time of substitution, the aggregate Market Value of allSecurities and any Cash Collateral applicable to such repurchase transactionimmediately after such substitution would be less than the Margin Percentage of theRepurchase Price (calculated as if the Repurchase Date were the date of substitution).

	(iii)	Repo Custodian shall then deliver to the Seller, subject to thequalifications set forth above, the Securities to be substituted against the delivery byRepo Custodian of substitute Eligible Securities to the Participating Funds and/or thecrediting of the Transaction Account with Cash Collateral.

	(iv)	In the event Seller has caused Repo Custodian to credit the TransactionAccount with Cash Collateral in lieu of substitute Eligible Securities, and has failed todeliver Eligible Securities against such Cash Collateral not later than the close ofbusiness on such Banking Day in accordance with the terms of the Master Agreement,Repo Custodian shall promptly, but in no event later than 10:00 a.m. the followingBanking Day, notify the Participating Funds and Seller of such failure.

	(g)	With respect to each repurchase transaction, at 9:00 a.m. New York time, or atsuch other time as specified in proper instructions of the Participating Funds (or the Custodianon behalf of the Participating Funds) on the Repurchase Date, Repo Custodian shall debit theSeller Account and credit the Transaction Account in the amount of the Repurchase Price andshall transfer Securities from the Participating Funds to the Seller and Cash Collateral, if any,from the Transaction Account to the Seller Account in accordance with the followingprovisions:

	(i)	If the amount of available funds in the Seller Account equals or exceedsthe Repurchase Price, Repo Custodian shall debit the Seller Account and credit theTransaction Account in the amount of the Repurchase Price and shall transfer allSecurities applicable to such repurchase transaction from the Participating Funds to theSeller and debit the Transaction Account and credit the Seller Account in the amountof any Cash Collateral applicable to such repurchase transaction.

	(ii)	If the amount of available funds in the Seller Account is less than theRepurchase Price, then Repo Custodian shall notify the Seller of the amount of thedeficiency and Seller shall promptly cause such amount to be transferred to the SellerAccount.  If Seller fails to cause the transfer of the entire amount of the deficiency tothe Seller Account, then Repo Custodian may, at its option and without notice to Seller,advance to Seller the amount of such remaining deficiency.  It is expressly agreed thatRepo Custodian is not obligated to make any advance to Seller.  If, following suchtransfer and/or advance, the amount of available funds in the Seller Account equals orexceeds the Repurchase Price then Repo Custodian shall debit the Seller Account andcredit the Transaction Account in the amount of the Repurchase Price and shalltransfer from the Participating Funds to the Seller all Securities applicable to suchrepurchase transaction and debit the Transaction Account and credit the Seller Accountin the amount of any Cash Collateral applicable to such repurchase transaction.

	(iii)	If the Seller fails to cause the transfer of the entire amount of thedeficiency, as required by (ii) above, and Repo Custodian fails to advance to Seller anamount sufficient to eliminate the entire deficiency, then Repo Custodian shall debitthe Seller Account in the amount of all immediately available funds designated bySeller as applicable to the repurchase transaction and credit the Transaction Account insuch amount (such amount being referred to as the "Partial Payment") and shalltransfer Securities from the Participating Funds to the Seller such that the aggregateMarket Value of all remaining Securities and Cash Collateral in the TransactionAccount with respect to such repurchase transaction shall at least equal the differencebetween Margin Percentage of the Repurchase Price and the Partial Payment.

	5.	Payments on Securities.  Repo Custodian shall credit to the Seller Account as soon asreceived, all principal, interest and other sums paid by or on behalf of the issuer in respect of theSecurities and collected by Repo Custodian, except as otherwise provided in Paragraph 8 of theMaster Agreement.

	6.	Daily Statement.  On each Banking Day on which any Participating Funds have anoutstanding repurchase transaction, Repo Custodian shall deliver by facsimile, or other electronicmeans acceptable to the Participating Funds, the Custodian and the Repo Custodian, to Custodian andto the Participating Funds a statement identifying the Securities held by Repo Custodian with respectto such repurchase transaction and the cash and Cash Collateral, if any, held by Repo Custodian in theTransaction Account, including a statement of the then current Market Value of such Securities andthe amounts, if any, credited to the Transaction Account as of the close of trading on the previousBanking Day.  Repo Custodian shall also deliver to Custodian and the Participating Funds suchadditional statements as the Repo Custodian and the Participating Funds may agree upon from time totime.

	7.	Valuation.

	(a)	Repo Custodian shall confirm the Market Value of Securities and the amount ofCash Collateral, if any (i) on the Sale Date prior to transferring the Sale Price out of theTransaction Account to the Seller Account against the receipt from Seller of the Securities andCash Collateral, if any, and (ii) on each Valuation Day on which such repurchase transaction isoutstanding.  If on any Valuation Day the aggregate Market Value of the Securities and CashCollateral with respect to any repurchase transaction is less than the Margin Percentage of theRepurchase Price (calculated as if the Repurchase Date were such Valuation Day) for suchtransaction, Repo Custodian shall promptly, but in any case no later than 10:00 a.m. thefollowing Valuation Day, notify Seller.  If on any Valuation Day the aggregate market value ofthe Securities and Cash Collateral with respect to any repurchase transaction is less than theMargin Percentage of the Repurchase Price (calculated as if the Repurchase Date were suchValuation Day) for such transaction, and Seller fails to deliver additional Eligible Securitiesapplicable to such repurchase transaction or an additional amount of Cash Collateral by theclose of business on such Valuation Day such that the aggregate market value of the Securitiesand Cash Collateral at least equals the Margin Percentage of the Repurchase Price (calculatedas if the Repurchase Date were such Valuation Day), Repo Custodian shall promptly, but inany event no later than 10:00 a.m. the following Valuation Day, notify the Participating Fundsof such failure.

	(b)	Repo Custodian shall determine the bid side portion of the Market Value of theSecurities by reference to the independent pricing services ("Pricing Services") set forth onSchedule B.  It is understood and agreed that Repo Custodian shall use the prices madeavailable by the Pricing Services at the close of business of the preceding Valuation Day.  Inthe event that Repo Custodian is unable to obtain a valuation of any Securities from thePricing Services, Repo Custodian shall request a bid quotation from a broker's broker or abroker dealer, set forth in Schedule B, other than Seller.  In the event Repo Custodian is unableto obtain a bid quotation for any Securities from such a broker's broker or a broker dealer,Repo Custodian (i) shall not include any such Securities in the determination of whether theaggregate Market Value of the Securities and any Cash Collateral equals at least the MarginPercentage of the Repurchase Price and (ii) shall redeliver such Securities to Seller if theMarket Value of all other Securities and any Cash Collateral with respect to such repurchasetransaction equals at least the Margin Percentage of the Repurchase Price (calculated as if theRepurchase Date were such Valuation Day).  The Repo Custodian may rely on prices quotedby Pricing Services, broker's brokers or broker dealers, except Seller, as set forth inSchedule B.

(c)	(i)	If, on any Valuation Day, the aggregate Market Value of the Securitiesand any Cash Collateral with respect to a repurchase transaction is less than the MarginPercentage of the Repurchase Price (calculated as if the Repurchase Date were suchValuation Day) applicable to such repurchase transaction, Repo Custodian shall deliverto the Participating Funds an amount of additional Eligible Securities applicable tosuch repurchase transaction and/or debit the Seller Account and credit the TransactionAccount with an additional amount of Cash Collateral, such that the aggregate MarketValue of all Securities and any Cash Collateral with respect to such repurchasetransaction shall equal at least the Margin Percentage of the Repurchase Price(calculated as if the Repurchase Date were such Valuation Day) applicable to suchrepurchase transaction.

	(ii) 	If, on any Valuation Day, the aggregate Market Value of the Securitiesand any Cash Collateral with respect to a repurchase transaction exceeds the MarginPercentage of the Repurchase Price (calculated as if the Repurchase Date were suchValuation Day) applicable to such repurchase transaction, Repo Custodian shall returnto the Seller all or a portion of such Securities or Cash Collateral, if any; provided thatthe Market Value of the remaining Securities and any Cash Collateral with respect tothe repurchase transaction shall be at least equal to the Margin Percentage of theRepurchase Price (calculated as if the Repurchase Date were such Valuation Day)applicable to such repurchase transaction.  At any time and from time to time withrespect to any repurchase transaction, if authorized by the Participating Funds, or theCustodian on behalf of the Participating Funds, the Repo Custodian shall debit theTransaction Account by an amount of Cash Collateral and credit the Seller Account bythe same amount of Cash Collateral against simultaneous delivery from Seller to theParticipating Funds of Eligible Securities applicable to such repurchase transactionwith a Market Value at least equal to the amount of Cash Collateral credited anddebited.

	8.	Authorized Persons.  Schedule C hereto sets forth those persons who are authorized to act forRepo Custodian, Custodian, Seller and the Funds, respectively, under this Agreement.

	9.	Proper Instructions.  Proper instructions shall mean a tested telex, facsimile, a written request,direction, instruction or certification signed or initialed by or on behalf of the party giving theinstructions by one or more authorized persons (as provided in Paragraph 8); provided, however, thatno instructions directing the delivery of Securities or the payment of funds to any individual who is anauthorized signatory of Custodian or Repo Custodian shall be signed by that individual.  Telephonic,other oral or electro-mechanical or electronic instructions (including the code which may be assignedby Repo Custodian to Custodian from time to time) given by one of the above authorized personsshall also be considered proper instructions if the party receiving such instructions reasonablybelieves them to have been given by an authorized person with respect to the transaction involved.Oral instructions will be confirmed by tested telex, facsimile or in writing in the manner set forthabove.  The Funds and Seller authorize Repo Custodian to tape record any and all telephonic or otheroral instructions given to Repo Custodian.  Proper instructions may relate to specific transactions or totypes or classes of transactions, and may be in the form of standing instructions.

	10.	Standard of Care.

	(a)	Repo Custodian shall be obligated to use reasonable care and diligence incarrying out the provisions of this Agreement and the Master Agreement and shall be liable tothe Funds and/or Seller only for direct damages resulting from the negligence or willfulmisconduct of the Repo Custodian or its officers, employees or agents.  The parties herebyagree that Repo Custodian shall not be liable for consequential, special or indirect damages,even if Repo Custodians has been advised as to the possibility thereof.  So long as and to theextent that Repo Custodian exercises reasonable care and diligence and acts withoutnegligence, misfeasance or misconduct, Repo Custodian shall not be liable to Seller or theFunds for (i) any action taken or omitted in good faith in reliance upon proper instructions, (ii)any action taken or omitted in good faith upon any notice, request, certificate or otherinstrument reasonably believed by it to be genuine and to be signed by the proper party orparties, (iii) any delay or failure to act as may be required under this Agreement or under theMaster Agreement when such delay or failure is due to any act of God or war, (iv) the actionsor omissions of a Securities System, (v) the title, validity or genuineness of any securityreceived, delivered or held by it pursuant to this Agreement or the Master Agreement, (vi) thelegality of the purchase or sale of any Securities by or to the Participating Funds or Seller orthe propriety of the amount for which the same are purchased or sold (except to the extent ofRepo Custodian's obligations hereunder to determine whether securities are Eligible Securitiesand to calculate the Market Value of Securities and any Cash Collateral), (vii) the dueauthority of any person listed on Schedule C to act on behalf of Custodian, Seller or the Funds,as the case may be, with respect to this Agreement or (viii) the errors of the Pricing Services,broker's brokers or broker dealers set forth in Schedule B.

	(b)	Repo Custodian shall not be liable to Seller or the Funds for, or considered tobe the custodian of, any Eligible Securities or any money to be used in a repurchasetransaction, whether or not such money is represented by any check, draft, or other instrumentfor the payment of money, until the Eligible Securities have been delivered in accordance withParagraph 3 or until Repo Custodian actually receives and collects such money on behalf ofSeller or the Funds directly or by the final crediting of the Seller Account or a TransactionAccount through the Securities System, except that this Paragraph 10(b) shall not be deemedto limit the liability of Repo Custodian to Seller or the Funds if the non-delivery of suchEligible Securities or the failure to receive and collect such money results from the breach byRepo Custodian of its obligations under this Agreement or the Master Agreement.

	(c)	Repo Custodian shall not be under any duty or obligation to ascertain whetherany Securities at any time delivered to or held by it are such as properly may be held by theParticipating Funds; provided that notwithstanding anything to the contrary herein, RepoCustodian shall be obligated to act in accordance with the guidelines and proper instructionsof the Participating Funds, or the Custodian on behalf of the Participating Funds, with respectto the types of Eligible Securities and the issuers of such Eligible Securities that may be usedin specific repurchase transactions.

	(d)	Repo Custodian promptly shall notify the Fund Agent and the Custodian ifSecurities held by Repo Custodian are in default or if payment on any Securities has beenrefused after due demand and presentation and Repo Custodian shall take action to effectcollection of any such amounts upon the proper instructions of the Participating Funds, or theCustodian on behalf of the Participating Funds, and assurances satisfactory to it that it will bereimbursed for its costs and expenses in connection with any such action.

	(e)	Repo Custodian shall have no duties, other than such duties as are necessary toeffectuate repurchase transactions in accordance with this Agreement and the MasterAgreement within the standard of care set forth in Paragraph 10(a) above and in acommercially reasonable manner.

	11.	Representations and Additional Covenants of Repo Custodian.

	(a)	Repo Custodian represents and warrants that (i) it is duly authorized to executeand deliver this Agreement and to perform its obligations hereunder and has taken allnecessary action to authorize such execution, delivery and performance, (ii) the execution,delivery and performance of this Agreement do not and will not violate any ordinance,declaration of trust, partnership agreement, articles of incorporation, charter, rule or statuteapplicable to it or any agreement by which it is bound or by which any of its assets areaffected, (iii) the person executing this Agreement on its behalf is duly and properlyauthorized to do so, (iv) it has (and will maintain) a copy of this Agreement and evidence ofits authorization in its official books and records, and (v) this Agreement has been executed byone of its duly authorized officers at the level of Vice President or higher.

	(b)	Repo Custodian further represents and warrants that (i) it has not pledged,encumbered, hypothecated, transferred, disposed of, or otherwise granted, any third party aninterest in any Securities, (ii) it does not have any security interest, lien or right of setoff in theSecurities, and (iii) it has not received notification from any third party, in its capacity as RepoCustodian, custodian bank or clearing bank, of any lien, claim, charge or encumbrance withrespect to any Securities that are the subject of such repurchase transaction.  Repo Custodianagrees that (i) it will not pledge, encumber, hypothecate, transfer, dispose of, or otherwisegrant, any third party an interest in any Securities, (ii) it will not acquire any security interest,lien or right of setoff in the Securities, and (iii) it will promptly notify the Fund Agent, if,during the term of any outstanding repurchase transaction, it is notified by any third party, inits capacity as Repo Custodian, custodian bank or clearing bank, of the Participating Funds orSeller, of the existence of any lien, claim, charge or encumbrance with respect to anySecurities that are the subject of such repurchase transaction.

	12.	Indemnification.

	(a)	Notwithstanding the Participating Fund's obligation to the Repo Custodianunder Paragraph 12(b) below, so long as and to the extent that Repo Custodian is in theexercise of reasonable care and diligence and acts without negligence, misfeasance ormisconduct, Seller will indemnify Repo Custodian and hold it harmless against any and alllosses, claims, damages, liabilities or actions to which it may become subject, and reimburse itfor any expenses (including attorneys' fees and expenses) incurred by it in connectiontherewith, insofar as such losses, claims, damages, liabilities or actions arise out of or arebased upon or in any way related to this Agreement, the Master Agreement or any transactionscontemplated hereby or thereby or effected hereunder or thereunder.  Without limiting thegenerality of the foregoing indemnification, Repo Custodian shall be indemnified by Seller forall costs and expenses, including attorneys' fees, for its successful defense against claims thatRepo Custodian breached its standard of care and was negligent or engaged in misfeasance ormisconduct.

	(b)	So long as and to the extent that Repo Custodian is in the exercise ofreasonable care and diligence and acts without negligence, misconduct or misfeasance, theParticipating Funds will indemnify Repo Custodian and hold it harmless against any and alllosses, claims, damages, liabilities or actions to which it may become subject, and reimburse itfor any expenses (including attorneys' fees and expenses) incurred by it in connectiontherewith, insofar as such losses, claims, damages, liabilities or actions result from thenegligence, misconduct or misfeasance of the Participating Funds under this Agreement.

	13.	Rights and Remedies.  The rights and remedies conferred upon the parties hereto shall becumulative, and the exercise or waiver of any thereof shall not preclude or inhibit the exercise of anyadditional rights and remedies.

	14.	Modification or Amendment.  Except as otherwise provided in this Paragraph 14, nomodification, waiver or amendment of this Agreement shall be binding unless in writing and executedby the parties hereto.  Schedule A, listing the Funds, may be amended from time to time to add ordelete Funds by the Funds (i) delivering an executed copy of an addendum to Schedule A to Sellerand  Repo Custodian, and (ii) amending Schedule A to the Master Agreement in accordance with theprovisions therein.  The amendment of Schedule A as provided above shall constitute appointment ofRepo Custodian as a custodian for such Fund.  Schedule B may be amended from time to time by aninstrument in writing, or counterpart thereof, executed by Repo Custodian, Seller and the Funds.Schedule C may be amended from time to time to change an authorized person of:  (i) the Funds, bywritten notice to Repo Custodian and Seller by Ms. Sarah Zenoble or the Treasurer of the Funds (orsuch persons who may be authorized from time to time in writing by Ms. Zenoble or the President orTreasurer of Fidelity Management and Research Company to trade on behalf of Fidelity's taxablemoney market funds); (ii) Seller, by written notice to Repo Custodian and the Funds by any VicePresident of Seller; (iii) Repo Custodian, by written notice to Seller, Custodian and the Funds by anyVice President of Repo Custodian; and (iv) Custodian, by written notice to Repo Custodian by anyVice President of Custodian.  Schedule D may be amended from time to time by any party hereto bydelivery of written notice to the other parties hereto.  Repo Custodian shall receive notice of anyamendment to the Master Agreement at the address set forth in Schedule D hereto; and, if suchamendment would have a material adverse effect on the rights of, or would materially increase theobligations of  Repo Custodian under this Agreement, any such amendment shall also require theconsent of Repo Custodian.  Any such amendment shall be deemed not to be material if RepoCustodian fails to object in writing within 21 days after receipt of notice thereof.  No amendment tothis Agreement shall affect the rights or obligations of any Fund with respect to any outstandingrepurchase transaction entered into under this Agreement and the Master Agreement prior to suchamendment or with respect to any actions or omissions by any party hereto prior to such amendment.In the event of conflict between this Agreement and the Master Agreement, the Master Agreementshall control.

	15.	Termination.  This Agreement shall terminate forthwith upon termination of the MasterAgreement or may be terminated by any party hereto on ten Valuation Days' written notice to theother parties; provided, however, that any such termination shall not affect any repurchase transactionthen outstanding or any rights or obligations under this Agreement or the Master Agreement withrespect to any actions or omissions of any party hereto prior to termination.  In the event oftermination, Repo Custodian will deliver any Securities, Cash Collateral or cash held by it or anyagent to Custodian or to such successor custodian or custodian or subcustodian as the ParticipatingFunds shall instruct.

	16.	Compensation.  Seller agrees to pay Repo Custodian compensation for the services to berendered hereunder, based upon rates which shall be agreed upon from time to time.

	17.	Notices.  Except with respect to communications between Custodian and the Funds whichshall be governed by the custodian agreement or subcustodian agreement between such parties, as thecase may be, and except as otherwise provided herein or as the parties to the Agreement shall fromtime to time otherwise agree, all instructions, notices, reports and other communications contemplatedby this Agreement shall be given to the party entitled to receive such notice at the telephone numberand address listed on Schedule D hereto.

	18.	Severability.  If any provision of this Agreement is held to be unenforceable as a matter of law,the other terms and provisions hereof shall not be affected thereby and shall remain in full force andeffect.

	19.	Binding Nature.  This Agreement shall be binding upon and shall inure to the benefit of theparties hereto and their successors and assignees; provided that, no party hereto may assign thisAgreement or any of the rights or obligations hereunder without the prior written consent of the otherparties.

	20.	Headings.  Section headings are for reference purposes only and shall not be construed as apart of this Agreement.

	21.	Counterparts.  This Agreement may be executed in one or more counterparts, all of whichtaken together shall constitute one instrument.

	22.	Governing Law.  THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUEDIN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT GIVINGEFFECT TO THE CONFLICT OF LAW PRINCIPLES THEREOF.

	23.	Limitation of Liability.  Repo Custodian and Seller are hereby expressly put on notice of thelimitation of liability set forth in the Declarations of Trust and in the Certificates and Agreements ofLimited Partnership of the Funds and agree that the obligations assumed by any Fund hereunder shallbe limited in all cases to a Fund and its assets or, in the case of a series Fund, to the assets of thatseries only, and neither Seller, Repo Custodian nor their respective agents or assigns shall seeksatisfaction of any such obligation from the officers, agents, employees, directors, trustees,shareholders or partners of any such Fund or series.

	24.	Rights and Obligations of Each Fund.  The rights and obligations set forth in this Agreementwith respect to each repurchase transaction shall accrue only to the Participating Funds in accordancewith their respective interests therein.  No other Fund shall receive any rights or have any liabilitiesarising from any action or inaction of any Participating Fund under this Agreement with respect tosuch repurchase transaction.

	25.	General Provisions.  This Agreement supersedes any other custodian agreement by and amongSeller, the Funds, and Repo Custodian concerning repurchase transactions effected through the JointTrading Account.  It is understood and agreed that time is of the essence with respect to theperformance of each party's respective obligations hereunder.

	IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as ofthe day and year first above written.

SCHEDULE B

PRICING SOURCES

PRICING SERVICES

U.S. Government Securities		Interactive Data Services orMellon Data Services (or any other pricing service mutuallyagreed upon by Seller and the Funds)

GNMA - The Bond Buyer

FHLMC - The Bond Buyer

All other U.S. Government

and Agency Securities		Interactive Data Services orMellon Data Services (or any other pricing service mutuallyagreed upon by Seller and the Funds)

BROKERS' BROKERS AND BROKER DEALERS

U.S. Government Securities - Any Primary Dealer

GNMA - Any Primary Broker-Dealer's bid rate for such security

FHLMC - Any Primary Broker-Dealer's bid rate for such security

All other U.S. Government and Agency Securities - Any Primary

	Broker-Dealer's bid rate for such security

	Prices shall be as of the business day immediately preceding the date of  determination or the lastquote available.  The pricing services, Brokers' Brokers and Broker Dealers may be changed fromtime to time by agreement of all the parties.

SCHEDULE C

AUTHORIZED PERSONS

Repo Custodian

Anthony Isola

Raymond Stancil

William Mosca

Leonardo Nichols

Alan Mann

Allen B. Clark

Custodian

Ken Rindos

Kurt Woetzel

Seller

Gary F. Holloway

Konrad R. Kruger

Stephen M. Peet

Raymond E. Humiston

P. Michael Florio

Ben Carpenter

Blake S. Drexler

Derick B. Burgher

Lyn Kratovil

The Funds

Leland Barron

Wickliffe Curtis

Dorothy Egan

David Glocke

Katharyn Harlow

Timothy Huyck

Jon Jamen

Robert Litterst

Sam Silver

Burnell Stehman

Jeffrey St. Peters

Deborah Todd

John Todd

Joseph Torres

Richard Williams

SCHEDULE D

NOTICES

If to Custodian:          Morgan Guaranty Trust Co. of New York

			          15 Broad Street, 16th Floor

			          New York, New York  10015

			          Telephone:  (212) 483-4150

			          Attention:  Ms. Kimberly Smith

				or

			          The Bank of New York

			          One Wall Street, 4th Floor

			          New York, NY  10286

			          Telephone:  (312) 635-4808

			          Attention:  Claire Meskovic

			With a copy to the Fund Agent

If to Repo Custodian:   Chemical Bank

			           4 New York Plaza

			           21st Floor

			           New York, NY 10004-2477

			           Telephone:  (212) 623-6446

			           Attention:  Anthony Isola

If to Seller:	           Greenwich Capital Markets, Inc.

			           600 Steamboat Road

			           Greenwich, Connecticut 06830

			           Telephone:  (203) 625-7909

			           Attention:  Peter Sanchez

If to any of the Funds:  FMR Texas Inc.

			           400 East Las Colinas Blvd., CP9M

			           Irving, Texas  75039

			           Telephone:  (214) 584-7800

			           Attention:  Ms. Deborah R. Todd or

			                         Mr. Samuel Silver

If to the Fund Agent:    Fidelity Investments

			           [Name of Fund]

			           400 East Las Colinas Blvd., CP9E

			           Irving, Texas 75039

			           Telephone:  (214) 584-4071

			           Attention:  Mr. Mark Mufler

277262.c1