# EDGAR Filing Document

**Accession Number:** 0000823535
**File Stem:** 0000823535-23-000017
**Filing Date:** 2023-2
**Character Count:** 28345
**Document Hash:** 4aa949c9b5ac55934fd8e255d8a4af3e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000823535-23-000017.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0000823535-23-000017

**CONFORMED SUBMISSION TYPE**: 485APOS

**PUBLIC DOCUMENT COUNT**: 21

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Variable Insurance Products Fund V
- **CENTRAL INDEX KEY:** 0000823535
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485APOS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05361
- **FILM NUMBER:** 23619375

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY BOSTON STREET TRUST
- **DATE OF NAME CHANGE:** 19951101

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SPARTAN U S TREASURY MONEY MARKET FUND
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY U S TREASURY MONEY MARKET FUND L P
- **DATE OF NAME CHANGE:** 19900828
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Variable Insurance Products Fund V
- **CENTRAL INDEX KEY:** 0000823535
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485APOS
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-17704
- **FILM NUMBER:** 23619374

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY BOSTON STREET TRUST
- **DATE OF NAME CHANGE:** 19951101

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SPARTAN U S TREASURY MONEY MARKET FUND
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY U S TREASURY MONEY MARKET FUND L P
- **DATE OF NAME CHANGE:** 19900828

## Series and Classes Contracts Data

### FundsManager 20% Portfolio (Series ID: S000017654)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000048786 | Investor Class  |  |
| C000048787 | Service Class   |  |
| C000048788 | Service Class 2 |  |

### FundsManager 50% Portfolio (Series ID: S000017655)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000048789 | Investor Class  |  |
| C000048790 | Service Class   |  |
| C000048791 | Service Class 2 |  |

### FundsManager 70% Portfolio (Series ID: S000017656)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000048792 | Investor Class  |  |
| C000048793 | Service Class   |  |
| C000048794 | Service Class 2 |  |

### FundsManager 85% Portfolio (Series ID: S000017657)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000048795 | Investor Class  |  |
| C000048796 | Service Class   |  |
| C000048797 | Service Class 2 |  |

### FundsManager 60% Portfolio (Series ID: S000018574)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000051545 | Investor Class  |  |
| C000051546 | Service Class   |  |
| C000051547 | Service Class 2 |  |

Securities Act of 1933 Registration No. 033-17704

Investment Company Act of 1940 Registration No. 811-05361

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-1A

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 [X]

[ ] Pre-Effective Amendment No. ______

[X] Post-Effective Amendment No. <u>97</u>

and

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 [X]

[X] Amendment No. <u>97</u>

**Variable Insurance Products Fund V**

(Exact Name of Registrant as Specified in Charter)

**245 Summer Street, Boston, Massachusetts 02210**

(Address of Principal Executive Offices)(Zip Code)

Registrant's Telephone Number: **617-563-7000**

**Cynthia Lo Bessette, Secretary and Chief Legal Officer**

**245 Summer Street**

**Boston, Massachusetts 02210**

(Name and Address of Agent for Service)

***It is proposed that this filing will become effective on April 29, 2023 pursuant to paragraph (a)(1) of Rule 485 at 12:01 a.m. Eastern Time.***

## Exhibit 99.3

**Schedule A**

**Trusts and Portfolios Covered by the Amended and Restated Sub-Advisory Agreement between**

**Fidelity Management & Research Company LLC and**

**FMR Investment Management (UK) Limited**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Name of Trust** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Name of Portfolio** | &nbsp;&nbsp;&nbsp; **Type of Fund** | **Effective Date** |
| Fidelity Advisor Series II | Fidelity Advisor Limited Term Bond Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity Advisor Series II | Fidelity Advisor Mortgage Securities Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity Advisor Series II | Fidelity Advisor Strategic Income Fund | &nbsp;&nbsp;&nbsp; Asset Allocation | 06/19/2008 |
| Fidelity Advisor Series IV | Fidelity Limited Term Government Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity California Municipal Trust | Fidelity California Limited Term Tax-Free Bond Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity California Municipal Trust | Fidelity California Municipal Income Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity California Municipal Trust II | Fidelity California Municipal Money Market Fund | &nbsp;&nbsp;&nbsp; Money Market | 06/19/2008 |
| Fidelity Charles Street Trust | Fidelity Asset Manager 20% | &nbsp;&nbsp;&nbsp; Asset Allocation | &nbsp;&nbsp;&nbsp;&nbsp; 06/19/2008 |
| Fidelity Charles Street Trust | Fidelity Asset Manager 30% | &nbsp;&nbsp;&nbsp; Asset Allocation | &nbsp;&nbsp;&nbsp;&nbsp; 06/19/2008 |
| Fidelity Charles Street Trust | Fidelity Asset Manager 40% | &nbsp;&nbsp;&nbsp; Asset Allocation | &nbsp;&nbsp;&nbsp;&nbsp; 06/19/2008 |
| Fidelity Charles Street Trust | Fidelity Asset Manager 50% | &nbsp;&nbsp;&nbsp; Asset Allocation | &nbsp;&nbsp;&nbsp;&nbsp; 06/19/2008 |
| Fidelity Charles Street Trust | Fidelity Asset Manager 60% | &nbsp;&nbsp;&nbsp; Asset Allocation | &nbsp;&nbsp;&nbsp;&nbsp; 06/19/2008 |
| Fidelity Charles Street Trust | Fidelity Asset Manager 70% | &nbsp;&nbsp;&nbsp; Asset Allocation | &nbsp;&nbsp;&nbsp;&nbsp; 06/19/2008 |
| Fidelity Charles Street Trust | Fidelity Asset Manager 85% | &nbsp;&nbsp;&nbsp; Asset Allocation | &nbsp;&nbsp;&nbsp;&nbsp; 06/19/2008 |
| Fidelity Colchester Street Trust | Government Portfolio | &nbsp;&nbsp;&nbsp; Money Market | 06/19/2008 |
| Fidelity Colchester Street Trust | Money Market Portfolio | &nbsp;&nbsp;&nbsp; Money Market | 06/19/2008 |
| Fidelity Colchester Street Trust | Tax-Exempt Portfolio | &nbsp;&nbsp;&nbsp; Money Market | 06/19/2008 |
| Fidelity Colchester Street Trust | Treasury Only Portfolio | &nbsp;&nbsp;&nbsp; Money Market | 06/19/2008 |
| Fidelity Colchester Street Trust | Treasury Portfolio | &nbsp;&nbsp;&nbsp; Money Market | 06/19/2008 |
| Fidelity Court Street Trust | Fidelity Connecticut Municipal Income Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity Court Street Trust | Fidelity New Jersey Municipal Income Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity Court Street Trust II | Fidelity Connecticut Municipal Money Market Fund | &nbsp;&nbsp;&nbsp; Money Market | 06/19/2008 |
| Fidelity Court Street Trust II | Fidelity New Jersey Municipal Money Market Fund | &nbsp;&nbsp;&nbsp; Money Market | 06/19/2008 |
| Fidelity Garrison Street Trust | Fidelity Education Income Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 11/19/2020 |
| &nbsp;&nbsp; Fidelity Garrison Street Trust | Fidelity Money Market Central Fund | &nbsp;&nbsp;&nbsp; Money Market | 06/19/2008 |
| Fidelity Garrison Street Trust | VIP Investment Grade Central Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity Hereford Street Trust | Fidelity Government Money Market Fund | &nbsp;&nbsp;&nbsp; Money Market | 06/19/2008 |
| Fidelity Hereford Street Trust | Fidelity Money Market Fund | &nbsp;&nbsp;&nbsp; Money Market | 06/19/2008 |
| Fidelity Hereford Street Trust | Fidelity Treasury Only Money Market Fund | &nbsp;&nbsp;&nbsp; Money Market | 06/19/2008 |

---

---

| | | | |
|:---|:---|:---|:---|
| Fidelity Income Fund | Fidelity Environmental Bond Fund | &nbsp;&nbsp;&nbsp;&nbsp; Fixed Income | 03/11/2021 |
| Fidelity Income Fund | Fidelity GNMA Fund | &nbsp;&nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity Income Fund | Fidelity Government Income Fund | &nbsp;&nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity Income Fund | Fidelity Intermediate Government Income Fund | &nbsp;&nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity Income Fund | Fidelity Total Bond Fund | &nbsp;&nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity MA Municipal Trust | Fidelity Massachusetts Municipal Money Market Fund | &nbsp;&nbsp;&nbsp;&nbsp; Money Market | 06/19/2008 |
| Fidelity MA Municipal Trust | Fidelity Massachusetts Municipal Income Fund | &nbsp;&nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity Merrimack Street Trust | Fidelity Corporate Bond ETF | &nbsp;&nbsp;&nbsp;&nbsp; Fixed Income | 09/18/2014 |
| Fidelity Merrimack Street Trust | Fidelity Investment Grade Bond ETF | &nbsp;&nbsp;&nbsp;&nbsp; Fixed Income | 11/19/2020 |
| Fidelity Merrimack Street Trust | Fidelity Investment Grade Securitized ETF | &nbsp;&nbsp;&nbsp;&nbsp; Fixed Income | 11/19/2020 |
| Fidelity Merrimack Street Trust | Fidelity Limited Term ETF | &nbsp;&nbsp;&nbsp;&nbsp; Fixed Income | 09/18/2014 |
| Fidelity Merrimack Street Trust | Fidelity Low Duration Bond Factor ETF | &nbsp;&nbsp;&nbsp;&nbsp; Fixed Income | 03/08/2018 |
| Fidelity Merrimack Street Trust | Fidelity Total Bond ETF | &nbsp;&nbsp;&nbsp;&nbsp; Fixed Income | 09/18/2014 |
| Fidelity Municipal Trust | Fidelity Limited Term Municipal Income Fund | &nbsp;&nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity Municipal Trust | Fidelity Michigan Municipal Income Fund | &nbsp;&nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity Municipal Trust | Fidelity Minnesota Municipal Income Fund | &nbsp;&nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity Municipal Trust | Fidelity Municipal Income Fund | &nbsp;&nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity Municipal Trust | Fidelity Ohio Municipal Income Fund | &nbsp;&nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity Municipal Trust | Fidelity Pennsylvania Municipal Income Fund | &nbsp;&nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity Municipal Trust II | Fidelity Michigan Municipal Money Market Fund | &nbsp;&nbsp;&nbsp;&nbsp; Money Market | 06/19/2008 |
| Fidelity Municipal Trust II | Fidelity Ohio Municipal Money Market Fund | &nbsp;&nbsp;&nbsp;&nbsp; Money Market | 06/19/2008 |
| Fidelity Municipal Trust II | Fidelity Pennsylvania Municipal Money Market Fund | &nbsp;&nbsp;&nbsp;&nbsp; Money Market | 06/19/2008 |
| Fidelity New York Municipal Trust | Fidelity New York Municipal Income Fund | &nbsp;&nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity New York Municipal Trust II | Fidelity New York Municipal Money Market Fund | &nbsp;&nbsp;&nbsp;&nbsp; Money Market | 06/19/2008 |
| Fidelity Newbury Street Trust | Fidelity Tax-Exempt Money Market Fund | &nbsp;&nbsp;&nbsp;&nbsp; Money Market | 06/19/2008 |
| Fidelity Newbury Street Trust | Fidelity Treasury Money Market Fund | &nbsp;&nbsp;&nbsp;&nbsp; Money Market | 06/19/2008 |
| Fidelity Phillips Street Trust | Fidelity Government Cash Reserves | &nbsp;&nbsp;&nbsp;&nbsp; Money Market | 06/19/2008 |
| Fidelity Revere Street Trust | Fidelity Cash Central Fund | &nbsp;&nbsp;&nbsp;&nbsp; Money Market | 06/19/2008 |
| Fidelity Revere Street Trust | Fidelity Municipal Cash Central Fund | &nbsp;&nbsp;&nbsp;&nbsp; Money Market | 06/19/2008 |
| Fidelity Revere Street Trust | Fidelity Securities Lending Cash Central Fund | &nbsp;&nbsp;&nbsp;&nbsp; Money Market | 06/19/2008 |
| Fidelity Revere Street Trust | Fidelity Tax-Free Cash Central Fund | &nbsp;&nbsp;&nbsp;&nbsp; Money Market | 06/19/2008 |

---

---

| | | | |
|:---|:---|:---|:---|
| Fidelity Salem Street Trust | Fidelity Conservative Income Bond Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 01/20/2011 |
| Fidelity Salem Street Trust | Fidelity Corporate Bond Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 03/18/2010 |
| Fidelity Salem Street Trust | Fidelity Inflation-Protected Bond Index Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 05/16/2012 |
| Fidelity Salem Street Trust | Fidelity Intermediate Bond Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity Salem Street Trust | Fidelity Intermediate Treasury Bond Index Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity Salem Street Trust | Fidelity International Bond Index Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 09/18/2019 |
| Fidelity Salem Street Trust | Fidelity Investment Grade Bond Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity Salem Street Trust | Fidelity Long-Term Treasury Bond Index Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity Salem Street Trust | Fidelity Municipal Bond Index Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 03/07/2019 |
| Fidelity Salem Street Trust | Fidelity Municipal Income 2023 Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 01/07/2013 |
| Fidelity Salem Street Trust | Fidelity Municipal Income 2025 Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 05/31/2017 |
| Fidelity Salem Street Trust | Fidelity SAI Long-Term Treasury Bond Index Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 07/16/2015 |
| Fidelity Salem Street Trust | Fidelity SAI Low Duration Income Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 05/14/2020 |
| Fidelity Salem Street Trust | Fidelity SAI Municipal Bond Index Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 03/07/2019 |
| Fidelity Salem Street Trust | Fidelity SAI Municipal Income Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 03/08/2018 |
| Fidelity Salem Street Trust | Fidelity SAI Municipal Money Market Fund | &nbsp;&nbsp;&nbsp; Money Market | 08/29/2017 |
| Fidelity Salem Street Trust | Fidelity SAI Short-Term Bond Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 05/14/2020 |
| Fidelity Salem Street Trust | Fidelity SAI Sustainable Conservative Income Municipal Bond Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 03/10/2022 |
| Fidelity Salem Street Trust | Fidelity SAI Sustainable Core Plus Bond Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 03/10/2022 |
| Fidelity Salem Street Trust | Fidelity SAI Sustainable Low Duration Income Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 03/10/2022 |
| Fidelity Salem Street Trust | Fidelity SAI Sustainable Municipal Income Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 03/10/2022 |
| Fidelity Salem Street Trust | Fidelity SAI Tax-Free Bond Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 03/08/2018 |
| Fidelity Salem Street Trust | Fidelity SAI Total Bond Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 03/08/2018 |
| Fidelity Salem Street Trust | Fidelity SAI U.S. Treasury Bond Index Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 11/19/2015 |
| Fidelity Salem Street Trust | Fidelity Short-Term Bond Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity Salem Street Trust | Fidelity Short-Term Bond Index Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 07/20/2017 |
| Fidelity Salem Street Trust | Fidelity Short-Term Treasury Bond Index Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity Salem Street Trust | Fidelity Strategic Dividend and Income Fund | &nbsp;&nbsp;&nbsp; Asset Allocation | &nbsp;&nbsp;&nbsp;&nbsp; 06/19/2008 |
| Fidelity Salem Street Trust | Fidelity Strategic Real Return Fund | &nbsp;&nbsp;&nbsp; Asset Allocation | 06/19/2008 |
| Fidelity Salem Street Trust | Fidelity Sustainability Bond Index Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 01/18/2018 |
| Fidelity Salem Street Trust | Fidelity Sustainable Core Plus Bond Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 03/10/2022 |
| Fidelity Salem Street Trust | Fidelity Sustainable Intermediate Municipal Income Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 03/10/2022 |
| Fidelity Salem Street Trust | Fidelity Sustainable Low Duration Bond Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 03/10/2022 |
| Fidelity Salem Street Trust | Fidelity Tactical Bond Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 11/18/2021 |
| Fidelity Salem Street Trust | Fidelity Tax-Free Bond Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity Salem Street Trust | Fidelity U.S. Bond Index Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity School Street Trust | Fidelity Advisor Multi-Asset Income Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 05/14/2015 |
| Fidelity School Street Trust | Fidelity Global Credit Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 04/19/2012 |
| Fidelity School Street Trust | Fidelity Intermediate Municipal Income Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity Union Street Trust | Fidelity Arizona Municipal Income Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity Union Street Trust | Fidelity Maryland Municipal Income Fund | &nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Fidelity Union Street Trust II | Fidelity Arizona Municipal Money Market Fund | &nbsp;&nbsp;&nbsp; Money Market | 06/19/2008 |
| Fidelity Union Street Trust II | Fidelity Municipal Money Market Fund | &nbsp;&nbsp;&nbsp; Money Market | 06/19/2008 |
| Variable Insurance Products Fund V | Asset Manager Portfolio | &nbsp;&nbsp;&nbsp; Asset Allocation | &nbsp;&nbsp;&nbsp;&nbsp; 06/19/2008 |
| Variable Insurance Products Fund V | Asset Manager: Growth Portfolio | &nbsp;&nbsp;&nbsp; Asset Allocation | &nbsp;&nbsp;&nbsp;&nbsp; 06/19/2008 |
| Variable Insurance Products Fund V | Bond Index Portfolio | &nbsp;&nbsp;&nbsp; Fixed Income | 04/16/2018 |
| Variable Insurance Products Fund V | Investment Grade Bond II Portfolio | &nbsp;&nbsp;&nbsp; Fixed Income | 01/20/2022 |
| Variable Insurance Products Fund V | Government Money Market Portfolio | &nbsp;&nbsp;&nbsp; Money Market | 06/19/2008 |
| Variable Insurance Products Fund V | Investment Grade Bond Portfolio | &nbsp;&nbsp;&nbsp; Fixed Income | 06/19/2008 |
| Variable Insurance Products Fund V | Strategic Income Portfolio | &nbsp;&nbsp;&nbsp; Asset Allocation | 06/19/2008 |

---

&nbsp;&nbsp;&nbsp;&nbsp;Fidelity Management & Research Company LLC

By: <u>/s/Christopher J. Rimmer</u>

Name: Christopher J. Rimmer Title: Treasurer

FMR Investment Management (UK) Limited

By: <u>/s/Mark D. Flaherty</u>

Name: Mark D. Flaherty Title: Director

## Ex-99.E

Form Of

SERVICE CONTRACT

Variable Insurance Products Fund

Variable Insurance Products Fund II

Variable Insurance Products Fund III

Variable Insurance Products Fund IV

Variable Insurance Products Fund V

To Fidelity Distributors Corporation:

We desire to enter into a Contract with you for activities in connection with (i) the distribution of shares of the portfolios of Variable Insurance Products Fund, Variable Insurance Products Fund II, Variable Insurance Products Fund III Variable Insurance Products Fund IV and Variable Insurance Products V (collectively, the "Funds") of which you are the principal underwriter as defined in the Investment Company Act of 1940 (the "Act") and for which you are the agent for the continuous distribution of shares, and (ii) the servicing of holders of shares of the Funds and existing and prospective holders of Variable Products (as defined below).

**The terms and conditions of this Contract are as follows:**

1. We shall provide distribution and certain shareholder services for our clients who own or are considering the purchase of variable annuity contracts or variable life insurance policies for which shares of the Funds are available as underlying investment options ("Variable Products"), which services may include, without limitation, answering questions about the Funds from owners of Variable Products; receiving and answering correspondence (including requests for prospectuses and statements of additional information for the Funds); performing sub-accounting with respect to Variable Products' values allocated to the Funds; preparing, printing and distributing reports of values to owners of Variable Products who have contract values allocated to the Funds; printing and distributing prospectuses, statements of additional information, any supplements to prospectuses and statements of additional information, and shareholder reports; preparing, printing and distributing marketing materials for Variable Products; assisting customers in completing applications for Variable Products and selecting underlying mutual fund investment options; preparing, printing and distributing subaccount performance figures for subaccounts investing in Fund shares; and providing other reasonable assistance in connection with the distribution of Fund shares to insurers.

2. We shall provide such office space and equipment, telephone facilities and personnel (which may be all or any part of the space, equipment and facilities currently used in our business, or all or any personnel employed by us) as is necessary or beneficial for us to provide information and services to existing and prospective owners of Variable Products, and to assist you in providing services with respect to Variable Products.

3. We agree to indemnify and hold you, the Funds, and the agents and affiliates of each, harmless from any and all direct or indirect liabilities or losses resulting from requests, directions, actions or inactions, of or by us or our officers, employees or agents in carrying out our obligations under this Service Contract. Such indemnification shall survive the termination of this Contract.

Neither we nor any of our officers, employees or agents are authorized to make any representation concerning Fund shares except those contained in the registration statement or prospectus for the Fund shares, as such registration statement and prospectus may be amended or supplemented from time to time, or in reports or proxy statements for the Fund, or in sales literature or other promotional material approved by the Fund or its designee or by you, except with the permission of the Fund or you or the designee of either.

4. In consideration of the services and facilities described herein, we shall be entitled to receive, and you shall pay or cause to be paid to us, fees at an annual rate as set forth on the accompanying fee schedule. We understand that the payment of such fees has been authorized pursuant to, and shall be paid in accordance with, a Distribution and Service Plan approved by the Board of Trustees of the applicable Fund, by those Trustees who are not "interested persons" of the Fund (as defined in the 1940 Act) and who have no direct or indirect financial interest in the operation of the Distribution and Service Plan or in any agreements related to the Distribution and Service Plan ("Qualified Trustees"), and by shareholders of such class; and that such fees are subject to change during the term of this Contract and shall be paid only so long as this Contract is in effect. We also understand and agree that, notwithstanding anything to the contrary, if at any time payment of all such fees would, in your reasonable determination, conflict with the limitations on sales or service charges set forth in Section 2830(d) of the NASD Conduct Rules, then such fees shall not be paid; provided that in such event each Fund's Board of Trustees may, but is not required to, establish procedures to pay such fees, or a portion thereof, in such manner and amount as they shall deem appropriate.

5. We agree to conduct our activities in accordance with any applicable federal or state laws and regulations, including securities laws and any obligation thereunder to disclose to our clients the receipt of fees in connection with their investment in Variable Products.

6. This Contract shall continue in force for one year from the effective date (see below), and thereafter shall continue automatically for successive annual periods, provided such continuance is specifically subject to termination without penalty at any time if a majority of each Fund's Qualified Trustees or a majority of the outstanding voting securities (as defined in the 1940 Act) of the applicable class vote to terminate or not to continue the Distribution and Service Plan. Either of us also may cancel this Contract without penalty upon telephonic or written notice to the other; and upon telephonic or written notice to us, you may also amend or change any provision of this Contract. This Contract will also terminate automatically in the event of its assignment (as defined in the 1940 Act).

7. All communications to you shall be sent to you at your offices, 245 Summer Street, Boston, Massachusetts 02210. Any notice to us shall be duly given if mailed or telegraphed to us at the address shown in this Contract.

8. This Contract shall be construed in accordance with the laws of the Commonwealth of Massachusetts.

Very truly yours,

By:

____________________________________________

Name:

____________________________________________

Title:

____________________________________________

For:

____________________________________________

Name of Qualified Recipient (NASD Member Firm)

An affiliate of

_____________________________________

Insurance Company Name(s)

___________________________________________________

Street

___________________________________________________

City

State

Zip Code

Date: ______________________________________________

FIDELITY DISTRIBUTORS CORPORATION

By: _______________________________________________

Bill Loehning

Executive Vice President

**NOTE**: Please return TWO signed copies of this Service Contract to Fidelity Distributors Corporation. Upon acceptance, one countersigned copy will be returned to you.

**For Internal Use Only:**

**Effective Date:** ___________________

FEE SCHEDULE FOR QUALIFIED RECIPIENTS

Variable Insurance Products Fund – All Portfolios

Variable Insurance Products Fund II – All Portfolios

Variable Insurance Products Fund III – All Portfolios

Variable Insurance Products Fund IV- All Portfolios

Variable Insurance Products Fund V- All Portfolios

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Those who have signed the Service Contract and who render distribution, administrative support and recordkeeping services as described in paragraph 1 of the Service Contract will hereafter be referred to as "Qualified Recipients."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) A Qualified Recipient providing services pursuant to the Service Contract will be paid a monthly fee at an annualized rate of: (a) 10 basis points of the average aggregate net assets of its clients invested in Service Class shares of the Funds listed above; plus (b) 25 basis points of the average aggregate net assets of its clients invested in Service Class 2 shares of the Funds listed above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) In addition, a Qualified Recipient providing services pursuant to the Service Contract will be paid a quarterly fee at an annualized rate of [XXX] basis points of the average aggregate net assets of its clients invested in shares of the Funds referenced above, excluding the Money Market and Index 500 Portfolios. In order to be assured of receiving full payment under this paragraph (3) for a given calendar quarter, a Qualified Recipient must have insurance company clients with a minimum of $100 million of average net assets in the aggregate in the Funds referenced above, excluding Money Market and Index 500 Portfolios. For any calendar quarter during which assets in these Funds are in the aggregate less than $100 million, the amount of qualifying assets may be considered to be zero for the purpose of computing the payments due under this paragraph (3), and the payments under this paragraph (3) may be reduced or eliminated.

<br>