Fidelity Perpetual Global Funds provide investors with

      the best of both worlds: local knowledge combined 

      with the expertise of a world-wide investment network.

          The following global funds are offered in New Zealand: 

                 Fidelity Perpetual International Fund
                 Fidelity Perpetual Split Growth Fund
                 Fidelity Perpetual Balanced Growth Fund
                 Fidelity Perpetual America Fund
                 Fidelity Perpetual Europe Fund
                 Fidelity Perpetual Japan Fund
                 Fidelity Perpetual South East Asia Fund

          For more information call Perpetual Investments on 0800 441 656 and ask for a 

         copy of the Fidelity Perpetual Global Funds Prospectus and Investment Statement.

                    The offer to invest in the Fund will be made in a copy of the current prospectus. Anyone wishing to invest in the Fund will need to complete the
                    application form in the current prospectus.  New Zealand residents and citizens must complete the application forms in both the Australian prospectus and the

                    New Zealand investment statement to invest in the Fund.  This information was prepared by Perpetual Investments, a division o f Perpetual Investment 

                    Management Limited (ABN 18 000 866 535). Morningstar Research Pty Ltd ACN 83 062 096 342 has consented to Perpetual Investments using the

                    Morningstar Fund Manager of the Year Awards 2000 subject to its disclaimer provided 22 March 2001.