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FOR IMMEDIATE RELEASE	CONTACT: Corporate Communications (617) 563-5800
NATIONAL FINANCIAL EXPANDS BROKER/DEALER SALES TEAM

BOSTON, June 29, 2004 - National Financial, a Fidelity Investments company, today announced that it has expanded its correspondent clearing sales team with the appointments of David R. Wisneski and Joseph Foley as vice presidents.

With these appointments, National Financial now has a team of 58 professionals serving nearly 300 broker/dealer clients across the country from five regional offices-New York City, Boston, Atlanta, Chicago, and San Francisco.

In their new positions, Wisneski and Foley are responsible for expanding National Financial's market coverage and developing the company's clearing business in the Midwest region. They both are based in National Financial's Chicago office.

"These appointments demonstrate National Financial's commitment to building a skilled team of sales professionals who understand the unique needs of broker/dealers," said George H. Keith, executive vice president and national sales manager. "Their experience in the broker/dealer marketplace and extensive sales skills will help us continue to provide the highest levels of service to our clients."

Prior to joining National Financial, Wisneski served as senior vice president of sales and marketing for The Rock Island Company, responsible for increasing order flow amongst specialists, index trading and brokerage units. From 1998 to 2000, he was vice president of sales clearing services for Weiss, Peck & Greer. Prior to this, Wisneski was regional vice president for Fidelity's Investment Advisor Group from where he provided client service to registered investment advisors within the Midwest region. Wisneski also held sales positions at The Chicago Stock Exchange and Everen Clearing. He holds a Series 7 NASD license.

Prior to his appointment, Foley served as vice president of institutional product sales in Fidelity Capital Markets division where he was responsible for growing the firm's agency trading business. His experience in Fidelity Capital Markets also includes managing the intermediary block trading desk and overseeing execution of listed equity and option order flow of internal business partners. Before joining Fidelity, Foley held trading positions with Garban Brokerage, Sanwa Securities and Lehman Brothers. Foley holds Series 4, 7, 8, 24, 55 and 63 NASD licenses.

About National Financial

National Financial provides broker/dealers, ranging from institutional and full-service firms to independent contractors, banks and discount brokers, with clearing and execution products and integrated productivity tools to help enhance firm profitability, drive business growth and forge deeper customer relationships. National Financial also offers an online brokerage platform, compliance support, middle-office outsourcing, consolidated record keeping tools, fee-based solutions, and retirement and high-net-worth products, all supported by dedicated client service professionals. The company currently provides clearing services for 290 financial institutions representing nearly 3.3 million client accounts and approximately $333.1 billion in assets, as of April 30, 2004.

About Fidelity Investments

Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of $1.8 trillion, including managed assets of $1.0 trillion as of April 30, 2004. Fidelity offers investment management, retirement planning, brokerage, human resources and benefits outsourcing services to 18 million individuals and institutions as well as through 5,500 financial intermediaries. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, one of the largest mutual fund supermarkets and a leading online brokerage firm. For more information about Fidelity Investments, visit www.fidelity.com.

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Fidelity Capital Markets is a division of National Financial Services, LLC.
National Financial Services LLC, Member NYSE, SIPC.
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