<PAGE> PAGE 1
000 A000000 01/31/97
000 C000000 0000315700
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000 F000000 Y
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000 I000000 3.0.a
000 J000000 A
001 A000000 FIDELITY ADVISOR SERIES VII
001 B000000 811-3010
001 C000000 6175631610
002 A000000 82 DEVONSHIRE STREET
002 B000000 BOSTON
002 C000000 MA
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003 000000 N
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007 C010200 2
007 C010300 3
007 C010400 4
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007 C030400 N
007 C010500 5
007 C020500 FIDELITY ADVISOR FINANCIAL SERVICES FUND
007 C030500 N
007 C010600 6
007 C020600 FIDELITY ADVISOR CYCLICAL INDUSTRIES FUND
007 C030600 N
007 C010700 7
007 C020700 FIDELITY ADVISOR CONSUMER INDUSTRIES FUND
007 C030700 N
007 C010800 8
007 C020800 FIDELITY ADVISOR UTILITIES GROWTH FUND
007 C030800 N
007 C010900 9
007 C020900 FIDELITY ADVISOR TECHNOLOGY FUND
007 C030900 N
007 C011000 10
008 A00AA01 FIDELITY MANAGEMENT & RESEARCH CO.
008 B00AA01 A
008 C00AA01 801-7884
008 D01AA01 BOSTON
008 D02AA01 MA
008 D03AA01 02109
008 A00AA02 FIDELITY MANAGEMENT & RESEARCH (U.K.), INC.
<PAGE> PAGE 2
008 B00AA02 S
008 C00AA02 801-28773
008 D01AA02 LONDON
008 D05AA02 ENGLAND
008 D06AA02 EC3R8LL
008 A00AA03 FIDELITY MANAGEMENT & RESEARCH (FAR EAST)INC.
008 B00AA03 S
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008 D01AA03 TOKYO
008 D05AA03 JAPAN
011 A00AA01 FIDELITY DISTRIBUTORS CORPORATION
011 B00AA01 8-8775
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02109
012 A00AA01 STATE STREET BANK & TRUST COMPANY
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012 C01AA01 BOSTON
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012 A00AA02 FIDELITY INVEST. INSTITUTIONAL OPERATIONS CO.
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012 C01AA02 BOSTON
012 C02AA02 MA
012 C03AA02 02109
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013 B02AA01 MA
013 B03AA01 02109
014 A00AA01 FIDELITY DISTRIBUTORS CORPORATION
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014 A00AA02 FIDELITY BROKERAGE SERVICES, INC.
014 B00AA02 8-23292
014 A00AA03 FIDELITY BROKERAGE SERVICES
014 B00AA03 8-0000
015 A00AA01 CHASE MANHATTAN BANK, N.A.
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020 B000001 04-2653569
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020 A000002 BEAR, STEARNS & CO.
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<PAGE> PAGE 3
020 A000003 MORGAN STANLEY & CO., INC.
020 B000003 13-2655998
020 C000003 4
020 A000004 PAINEWEBBER INC.
020 B000004 13-2638166
020 C000004 4
020 A000005 INSTINET CORP.
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020 A000006 BROWN (ALEX) & SONS INC.
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020 A000007 SALOMON BROTHERS INC.
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020 A000008 SCHRODER WERTHIEM & CO. INC.
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020 A000009 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
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022 B000003 13-5515160
022 C000003 4605
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022 A000004 GOLDMAN SACHS & CO.
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022 C000004 3637
022 D000004 1739
022 A000005 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000005 13-5674085
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022 B000006 13-2655998
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022 A000007 BROWN (ALEX) & SONS INC.
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<PAGE> PAGE 4
022 C000007 2099
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022 A000008 CS FIRST BOSTON CORP.
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<PAGE> PAGE 5
048 K02AA00 0.000
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050 00AA00 N
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053 B00AA00 Y
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054 B00AA00 Y
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054 D00AA00 N
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054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
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054 O00AA00 Y
055 A00AA00 N
055 B00AA00 N
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<PAGE> PAGE 6
077 E000000 N
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025 B000401 04-3331103
025 C000401 E
025 D000401 1882
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<PAGE> PAGE 7
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035 000400 0
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042 C000400 100
042 D000400 0
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043 000400 20
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058 A000400 N
059 000400 Y
060 A000400 N
060 B000400 N
061 000400 1000
066 A000400 Y
066 B000400 Y
066 C000400 N
066 D000400 N
066 E000400 N
066 F000400 N
066 G000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 Y
070 B010400 Y
<PAGE> PAGE 8
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 Y
070 I020400 N
070 J010400 Y
070 J020400 Y
070 K010400 Y
070 K020400 Y
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 Y
070 R010400 Y
070 R020400 N
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071 B000400 2759
071 C000400 12773
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<PAGE> PAGE 9
072 O000400 0
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072 Z000400 -33
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<PAGE> PAGE 10
074 X000400 1082
074 Y000400 0
075 A000400 0
075 B000400 11564
076 000400 0.00
024 000500 Y
025 A000501 TAXABLE CENTRAL CASH FUND
025 B000501 04-3331103
025 C000501 E
025 D000501 1467
025 A000502 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
025 B000502 13-5674085
025 C000502 E
025 D000502 32
025 A000503 MORGAN STANLEY & CO., INC.
025 B000503 13-2655998
025 C000503 E
025 D000503 23
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<PAGE> PAGE 11
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042 C000500 100
042 D000500 0
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043 000500 17
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058 A000500 N
059 000500 Y
060 A000500 Y
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061 000500 1000
066 A000500 Y
066 B000500 Y
066 C000500 N
066 D000500 N
066 E000500 N
066 F000500 N
066 G000500 N
067 000500 N
068 A000500 N
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069 000500 N
070 A010500 Y
070 A020500 Y
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
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<PAGE> PAGE 12
070 E010500 Y
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
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070 H010500 Y
070 H020500 N
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070 I020500 N
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<PAGE> PAGE 13
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<PAGE> PAGE 14
024 000600 Y
025 A000601 TAXABLE CENTRAL CASH FUND
025 B000601 04-3331103
025 C000601 E
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<PAGE> PAGE 15
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<PAGE> PAGE 16
070 J020600 N
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<PAGE> PAGE 17
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024 000700 Y
025 A000701 TAXABLE CENTRAL CASH FUND
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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066 C000800 N
066 D000800 N
066 E000800 N
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070 B010800 Y
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070 D020800 N
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070 H020800 N
070 I010800 Y
070 I020800 N
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070 K020800 Y
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070 L020800 Y
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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025 A000901 TAXABLE CENTRAL CASH FUND
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<PAGE> PAGE 26
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066 F000900 N
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067 000900 N
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070 A010900 Y
<PAGE> PAGE 27
070 A020900 Y
070 B010900 Y
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070 E020900 N
070 F010900 Y
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070 G010900 Y
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070 H010900 Y
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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SIGNATURE JOHN H. COSTELLO
TITLE ASST. TREASURER
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<EXPENSE-RATIO>
150
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000315700
<NAME> Fidelity Advisor Series VII
<SERIES>
<NUMBER> 32
<NAME> Fidelity Advisor Financial Services Fund
- Class T
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
6-mos
<FISCAL-YEAR-END>
Jul-31-1997
<PERIOD-END>
jan-31-1997
<INVESTMENTS-AT-COST>
20,149
<INVESTMENTS-AT-VALUE>
21,685
<RECEIVABLES>
1,318
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35
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
23,038
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328
<SENIOR-LONG-TERM-DEBT>
0
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40
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368
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0
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21,092
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1,519
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0
<ACCUMULATED-NII-CURRENT>
3
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0
<ACCUMULATED-NET-GAINS>
39
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
1,536
<NET-ASSETS>
22,670
<DIVIDEND-INCOME>
67
<INTEREST-INCOME>
29
<OTHER-INCOME>
0
<EXPENSES-NET>
79
<NET-INVESTMENT-INCOME>
17
<REALIZED-GAINS-CURRENT>
54
<APPREC-INCREASE-CURRENT>
1,536
<NET-CHANGE-FROM-OPS>
1,607
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
11
<DISTRIBUTIONS-OF-GAINS>
11
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
1,551
<NUMBER-OF-SHARES-REDEEMED>
33
<SHARES-REINVESTED>
2
<NET-CHANGE-IN-ASSETS>
22,670
<ACCUMULATED-NII-PRIOR>
0
<ACCUMULATED-GAINS-PRIOR>
0
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
25
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
128
<AVERAGE-NET-ASSETS>
7,765
<PER-SHARE-NAV-BEGIN>
10.000
<PER-SHARE-NII>
.020
<PER-SHARE-GAIN-APPREC>
2.300
<PER-SHARE-DIVIDEND>
.010
<PER-SHARE-DISTRIBUTIONS>
.010
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
12.300
<EXPENSE-RATIO>
200
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000315700
<NAME> Fidelity Advisor Series VII
<SERIES>
<NUMBER> 21
<NAME> Fidelity Advisor Cyclical Industries Fund
- Class A
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
6-mos
<FISCAL-YEAR-END>
Jul-31-1997
<PERIOD-END>
jan-31-1997
<INVESTMENTS-AT-COST>
6,852
<INVESTMENTS-AT-VALUE>
7,516
<RECEIVABLES>
158
<ASSETS-OTHER>
35
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
7,709
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72
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
21
<TOTAL-LIABILITIES>
93
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
6,894
<SHARES-COMMON-STOCK>
24
<SHARES-COMMON-PRIOR>
0
<ACCUMULATED-NII-CURRENT>
0
<OVERDISTRIBUTION-NII>
5
<ACCUMULATED-NET-GAINS>
64
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
663
<NET-ASSETS>
7,616
<DIVIDEND-INCOME>
33
<INTEREST-INCOME>
9
<OTHER-INCOME>
0
<EXPENSES-NET>
36
<NET-INVESTMENT-INCOME>
6
<REALIZED-GAINS-CURRENT>
110
<APPREC-INCREASE-CURRENT>
663
<NET-CHANGE-FROM-OPS>
779
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
0
<DISTRIBUTIONS-OF-GAINS>
2
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
26
<NUMBER-OF-SHARES-REDEEMED>
2
<SHARES-REINVESTED>
0
<NET-CHANGE-IN-ASSETS>
7,616
<ACCUMULATED-NII-PRIOR>
0
<ACCUMULATED-GAINS-PRIOR>
0
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
14
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
93
<AVERAGE-NET-ASSETS>
213
<PER-SHARE-NAV-BEGIN>
10.000
<PER-SHARE-NII>
0
<PER-SHARE-GAIN-APPREC>
1.550
<PER-SHARE-DIVIDEND>
.010
<PER-SHARE-DISTRIBUTIONS>
.080
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
11.460
<EXPENSE-RATIO>
175
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000315700
<NAME> Fidelity Advisor Series VII
<SERIES>
<NUMBER> 23
<NAME> Fidelity Advisor Cyclical Industries Fund
- Institutional Class
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
6-mos
<FISCAL-YEAR-END>
Jul-31-1997
<PERIOD-END>
jan-31-1997
<INVESTMENTS-AT-COST>
6,852
<INVESTMENTS-AT-VALUE>
7,516
<RECEIVABLES>
158
<ASSETS-OTHER>
35
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
7,709
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72
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
21
<TOTAL-LIABILITIES>
93
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
6,894
<SHARES-COMMON-STOCK>
529
<SHARES-COMMON-PRIOR>
0
<ACCUMULATED-NII-CURRENT>
0
<OVERDISTRIBUTION-NII>
5
<ACCUMULATED-NET-GAINS>
64
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
663
<NET-ASSETS>
7,616
<DIVIDEND-INCOME>
33
<INTEREST-INCOME>
9
<OTHER-INCOME>
0
<EXPENSES-NET>
36
<NET-INVESTMENT-INCOME>
6
<REALIZED-GAINS-CURRENT>
110
<APPREC-INCREASE-CURRENT>
663
<NET-CHANGE-FROM-OPS>
779
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
10
<DISTRIBUTIONS-OF-GAINS>
39
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
553
<NUMBER-OF-SHARES-REDEEMED>
29
<SHARES-REINVESTED>
4
<NET-CHANGE-IN-ASSETS>
7,616
<ACCUMULATED-NII-PRIOR>
0
<ACCUMULATED-GAINS-PRIOR>
0
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
14
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
93
<AVERAGE-NET-ASSETS>
5,109
<PER-SHARE-NAV-BEGIN>
10.000
<PER-SHARE-NII>
.010
<PER-SHARE-GAIN-APPREC>
1.550
<PER-SHARE-DIVIDEND>
.020
<PER-SHARE-DISTRIBUTIONS>
.080
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
11.460
<EXPENSE-RATIO>
150
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000315700
<NAME> Fidelity Advisor Series VII
<SERIES>
<NUMBER> 22
<NAME> Fidelity Advisor Cyclical Industries Fund
- Class T
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
6-mos
<FISCAL-YEAR-END>
Jul-31-1997
<PERIOD-END>
jan-31-1997
<INVESTMENTS-AT-COST>
6,852
<INVESTMENTS-AT-VALUE>
7,516
<RECEIVABLES>
158
<ASSETS-OTHER>
35
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
7,709
<PAYABLE-FOR-SECURITIES>
72
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
21
<TOTAL-LIABILITIES>
93
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
6,894
<SHARES-COMMON-STOCK>
112
<SHARES-COMMON-PRIOR>
0
<ACCUMULATED-NII-CURRENT>
0
<OVERDISTRIBUTION-NII>
5
<ACCUMULATED-NET-GAINS>
64
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
663
<NET-ASSETS>
7,616
<DIVIDEND-INCOME>
33
<INTEREST-INCOME>
9
<OTHER-INCOME>
0
<EXPENSES-NET>
36
<NET-INVESTMENT-INCOME>
6
<REALIZED-GAINS-CURRENT>
110
<APPREC-INCREASE-CURRENT>
663
<NET-CHANGE-FROM-OPS>
779
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
1
<DISTRIBUTIONS-OF-GAINS>
5
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
112
<NUMBER-OF-SHARES-REDEEMED>
1
<SHARES-REINVESTED>
1
<NET-CHANGE-IN-ASSETS>
7,616
<ACCUMULATED-NII-PRIOR>
0
<ACCUMULATED-GAINS-PRIOR>
0
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
14
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
93
<AVERAGE-NET-ASSETS>
501
<PER-SHARE-NAV-BEGIN>
10.000
<PER-SHARE-NII>
(.010)
<PER-SHARE-GAIN-APPREC>
1.550
<PER-SHARE-DIVIDEND>
.010
<PER-SHARE-DISTRIBUTIONS>
.080
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
11.450
<EXPENSE-RATIO>
200
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000315700
<NAME> Fidelity Advisor Series VII
<SERIES>
<NUMBER> 11
<NAME> Fidelity Advisor Consumer Industries Fund
- Class A
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
6-mos
<FISCAL-YEAR-END>
Jul-31-1997
<PERIOD-END>
jan-31-1997
<INVESTMENTS-AT-COST>
5,744
<INVESTMENTS-AT-VALUE>
6,122
<RECEIVABLES>
168
<ASSETS-OTHER>
35
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
6,325
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238
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
35
<TOTAL-LIABILITIES>
273
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
5,663
<SHARES-COMMON-STOCK>
78
<SHARES-COMMON-PRIOR>
0
<ACCUMULATED-NII-CURRENT>
0
<OVERDISTRIBUTION-NII>
2
<ACCUMULATED-NET-GAINS>
13
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
378
<NET-ASSETS>
6,052
<DIVIDEND-INCOME>
15
<INTEREST-INCOME>
14
<OTHER-INCOME>
0
<EXPENSES-NET>
29
<NET-INVESTMENT-INCOME>
0
<REALIZED-GAINS-CURRENT>
40
<APPREC-INCREASE-CURRENT>
378
<NET-CHANGE-FROM-OPS>
418
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
1
<DISTRIBUTIONS-OF-GAINS>
4
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
78
<NUMBER-OF-SHARES-REDEEMED>
0
<SHARES-REINVESTED>
0
<NET-CHANGE-IN-ASSETS>
6,052
<ACCUMULATED-NII-PRIOR>
0
<ACCUMULATED-GAINS-PRIOR>
0
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
9
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
94
<AVERAGE-NET-ASSETS>
528
<PER-SHARE-NAV-BEGIN>
10.000
<PER-SHARE-NII>
0
<PER-SHARE-GAIN-APPREC>
1.360
<PER-SHARE-DIVIDEND>
.010
<PER-SHARE-DISTRIBUTIONS>
.060
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
11.290
<EXPENSE-RATIO>
175
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000315700
<NAME> Fidelity Advisor Series VII
<SERIES>
<NUMBER> 13
<NAME> Fidelity Advisor Consumer Industries Fund
- Institutional Class
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
6-mos
<FISCAL-YEAR-END>
Jul-31-1997
<PERIOD-END>
jan-31-1997
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5,744
<INVESTMENTS-AT-VALUE>
6,122
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168
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35
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0
<TOTAL-ASSETS>
6,325
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238
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0
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35
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273
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
5,663
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115
<SHARES-COMMON-PRIOR>
0
<ACCUMULATED-NII-CURRENT>
0
<OVERDISTRIBUTION-NII>
2
<ACCUMULATED-NET-GAINS>
13
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
378
<NET-ASSETS>
6,052
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15
<INTEREST-INCOME>
14
<OTHER-INCOME>
0
<EXPENSES-NET>
29
<NET-INVESTMENT-INCOME>
0
<REALIZED-GAINS-CURRENT>
40
<APPREC-INCREASE-CURRENT>
378
<NET-CHANGE-FROM-OPS>
418
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0
<DISTRIBUTIONS-OF-INCOME>
1
<DISTRIBUTIONS-OF-GAINS>
6
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0
<NUMBER-OF-SHARES-SOLD>
115
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0
<SHARES-REINVESTED>
1
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6,052
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0
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0
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
9
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0
<GROSS-EXPENSE>
94
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1,040
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10.000
<PER-SHARE-NII>
.010
<PER-SHARE-GAIN-APPREC>
1.370
<PER-SHARE-DIVIDEND>
.010
<PER-SHARE-DISTRIBUTIONS>
.060
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0
<PER-SHARE-NAV-END>
11.310
<EXPENSE-RATIO>
150
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000315700
<NAME> Fidelity Advisor Series VII
<SERIES>
<NUMBER> 12
<NAME> Fidelity Advisor Consumer Industries Fund
- Class T
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
6-mos
<FISCAL-YEAR-END>
Jul-31-1997
<PERIOD-END>
jan-31-1997
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5,744
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6,122
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168
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35
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0
<TOTAL-ASSETS>
6,325
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238
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
35
<TOTAL-LIABILITIES>
273
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
5,663
<SHARES-COMMON-STOCK>
343
<SHARES-COMMON-PRIOR>
0
<ACCUMULATED-NII-CURRENT>
0
<OVERDISTRIBUTION-NII>
2
<ACCUMULATED-NET-GAINS>
13
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
378
<NET-ASSETS>
6,052
<DIVIDEND-INCOME>
15
<INTEREST-INCOME>
14
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0
<EXPENSES-NET>
29
<NET-INVESTMENT-INCOME>
0
<REALIZED-GAINS-CURRENT>
40
<APPREC-INCREASE-CURRENT>
378
<NET-CHANGE-FROM-OPS>
418
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0
<DISTRIBUTIONS-OF-INCOME>
0
<DISTRIBUTIONS-OF-GAINS>
17
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
383
<NUMBER-OF-SHARES-REDEEMED>
42
<SHARES-REINVESTED>
2
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6,052
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0
<ACCUMULATED-GAINS-PRIOR>
0
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
9
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
94
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2,252
<PER-SHARE-NAV-BEGIN>
10.000
<PER-SHARE-NII>
(.010)
<PER-SHARE-GAIN-APPREC>
1.360
<PER-SHARE-DIVIDEND>
0
<PER-SHARE-DISTRIBUTIONS>
.060
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
11.290
<EXPENSE-RATIO>
200
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000315700
<NAME> Fidelity Advisor Series VII
<SERIES>
<NUMBER> 61
<NAME> Fidelity Advisor Utilities Growth Fund
- Class A
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
6-mos
<FISCAL-YEAR-END>
Jul-31-1997
<PERIOD-END>
jan-31-1997
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5,724
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6,209
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215
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35
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0
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6,459
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153
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0
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19
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172
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0
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5,795
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35
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0
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2
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0
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5
<OVERDISTRIBUTION-GAINS>
0
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485
<NET-ASSETS>
6,287
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35
<INTEREST-INCOME>
5
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0
<EXPENSES-NET>
25
<NET-INVESTMENT-INCOME>
15
<REALIZED-GAINS-CURRENT>
49
<APPREC-INCREASE-CURRENT>
485
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549
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0
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1
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3
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0
<NUMBER-OF-SHARES-SOLD>
38
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4
<SHARES-REINVESTED>
1
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6,287
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0
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0
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0
<OVERDIST-NET-GAINS-PRIOR>
0
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8
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
89
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268
<PER-SHARE-NAV-BEGIN>
10.000
<PER-SHARE-NII>
.050
<PER-SHARE-GAIN-APPREC>
1.770
<PER-SHARE-DIVIDEND>
.030
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.110
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0
<PER-SHARE-NAV-END>
11.680
<EXPENSE-RATIO>
175
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000315700
<NAME> Fidelity Advisor Series VII
<SERIES>
<NUMBER> 63
<NAME> Fidelity Advisor Utilities Growth Fund
- Institutional Class
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
6-mos
<FISCAL-YEAR-END>
Jul-31-1997
<PERIOD-END>
jan-31-1997
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5,724
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6,209
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215
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35
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0
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6,459
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153
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0
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19
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172
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0
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5,795
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161
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0
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0
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5
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0
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485
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6,287
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35
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5
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0
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25
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15
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49
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485
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549
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0
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6
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17
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0
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161
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1
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1
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6,287
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0
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0
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0
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0
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8
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0
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89
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1,487
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10.000
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.060
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1.780
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0
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11.690
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150
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0
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0
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6,209
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215
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35
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153
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344
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35
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0
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142
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<NAME> Fidelity Advisor Series VII
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35
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0
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142
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142
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200
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0
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