Vanguard Prime Money Market Fund Investor Class

MONEY MARKET

FOURTH QUARTER 2010 | TICKER: VMMXX

Vanguard Prime Money Market Fund Investor Class

Fund Information as of 12/31/10

Inception Date: Total Net Assets ($Millions): Short-term Trading Fee /

Holding Period: Morningstar Category :

Money Market-Tax able NAV:

Fund Manager (Tenure on Fund): Dav id Glocke (05/98)

06/04/ 75 $89, 139. 83 -

Performance as of 12/31/10

Fund CG 3-Month Treasury Bill Mstar Cat Av g: Money Market-Tax able

CUMULATIVE RET. (%)

3 Mo.

YTD

0.02

0. 06

0.04

0. 13

AVERAGE ANNUAL RET. (%) 1 Year 3 Year 5 Year 10 Year LOF 0.06 1.11 2.66 2.41 5.99 0.13 0.69 2.30 2.26

0.01

0. 04

0.04 0.74 2.25 2.02

$1.00

Fund CG 3-Month Treasury Bill Mstar Cat Av g: Money Market-Taxable

Gross Exp. Ratio

0.23

0. 71

CALENDAR YEAR RET. (%) 2010 2009 2008 2007 2006 0.06 0.53 2.77 5.14 4.88 0.13 0.16 1.80 4.74 4.76

0.04 0.17 2.00 4.63 4.42

The Morningstar Category Average is the average return for the peer group based on the returns of each individual fund within the group. It assumes reinvestment of dividends and capital gains, if any, and excludes sales charges.

Morningstar Category Average Gross Expense Ratio: This figure is calculated by Morningstar and represents the mean average of the gross expense ratio paid by each fund in the Morningstar category. Each share class of a fund is treated as a separate fund. Morningstar uses each fund's most current, publicly available prospectus at the time the average is calculated.

The performance data shown represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance stated. To learn more or to obtain the most recent month-end performance, call Fidelity at 1-800-343-3548.

Total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of Fund figures are reported as of the inception date to the period indicated. These figures do not include the effect of sales charges, if any, as these charges are waived for contributions made through your company's employee benefit plans. If sales charges were included, returns would have been lower.

Indices are unmanaged and you cannot invest directly in an index.

The gross expense ratio is the total annual fund or class operating expenses (before waivers or reimbursements) paid by the fund and stated as a percent of the fund's total net assets. For mutual funds, the values were drawn from their respective prospectuses.

An investment in a money market fund is not insured or guaranteed by the FDIC or any other government agency. Although money market funds seek to preserve the value of your investment at $1 per share, it is possible to lose money by investing in these funds.

Portfolio Yield as of 12/31/10

Compound Effectiv e Yield 7-Day Yield*

0. 06%

*The current yield of the money market mutual fund listed to the left reflects the current earnings of the fund, while the total return refers to a specific past holding period.

Morningstar does not provide information on funds in reimbursement. Please contact the applicable fund company for such information. The returns of funds with reimbursed expenses would be lower if their expenses had not been reimbursed.

FOURTH QUARTER 2010 | TICKER: VMMXX

Vanguard Prime Money Market Fund Investor Class

Objective: A Money Mkt - Taxable mutual fund; the Morningstar Category is Money MarketTaxable.

Strategy: The investment seeks to provide current income while maintaining liquidity and a stable share price of $1. The fund invests primarily in high-quality, short-term money market instruments, including certificates of deposit, banker's acceptances, commercial paper, and other money market securities. To be considered high-quality, a security generally must be rated in one of the two highest creditquality categories for short-term securities by at least two nationally recognized rating services. The fund invests more than 25% of assets in securities issued by companies in the financial services industry.

Risk: An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund. Please consult the prospectus for additional risk information specific to this fund.

This section was intentionally left blank.

All numbers are unaudited.

511812.4.1

1.884604.265

Data shown is based on information available at the time of publication. More current information may be available on the fund company's own website.

The Citigroup 3-Month Treasury Bill Index is an unmanaged index designed to represent the average of T-bill rates for each of the prior three months, adjusted to a bond-equivalent basis.

Morningstar, Inc., provided data on the non-Fidelity mutual funds.

?2011 Morningstar, Inc. All rights reserved. The Morningstar information contained herein: 1) is proprietary to Morningstar and/or its content providers; 2) may not be copied or distributed; 3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Fidelity does not review the Morningstar data.

?2011 FMR, LLC for all non-Morningstar content. All rights reserved.

Before investing in any mutual fund, please carefully consider the investment objectives, risks, charges and expenses. For this and other information, call or write Fidelity for a free prospectus or, if available, a summary prospectus. Read it carefully before you invest.

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917.

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