SUPPLEMENT TO THE
FIDELITY ADVISOR FUNDS CLASS A AND CLASS B
PROSPECTUS
DATED FEBRUARY 24, 1995
Effective March 27, 1995, the following information
updates the discussion of portfolio managers found in the
"FMR AND ITS AFFILIATES" section on page 21.
David Murphy is manager of Advisor Limited Term
Tax-Exempt and Advisor Short-Intermediate Tax-Exempt.
Mr. Murphy also manages Limited Term Municipal,
Spartan Intermediate Municipal, Spartan New Jersey
Municipal High Yield, Spartan New York Intermediate
Municipal, and Spartan Short-Intermediate Municipal.
Previously, he managed Spartan California Intermediate
Municipal. Mr. Murphy joined Fidelity in 1989.
The following should replace the current disclosure on
page 25 under the heading, "Short Fixed-Income Fund:"
SHORT FIXED-INCOME FUND seeks to obtain a high level of
current income, consistent with the preservation of
capital, by investing primarily in a broad range of
investment-grade fixed-income securities. Where
appropriate the fund will take advantage of opportunities
to realize capital appreciation. The fund, under normal
conditions, will invest primarily in investment-grade
fixed-income securities of all types. Fixed-income
securities in which the fund may invest include, in any
proportion, bonds, notes, mortgage-related and
asset-backed securities, U.S. government and U.S.
government agency obligations, zero coupon securities
and convertible securities, and short-term obligations
such as certificates of deposit, repurchase agreements,
bankers' acceptances and commercial paper. Under
normal conditions, at least 65% of the fund's total assets
will be invested in bonds. The fund may invest a portion
of its assets in securities issued by foreign companies and
foreign governments. Under normal conditions, the fund
maintains a dollar-weighted average maturity of three
years or less, but individual securities may be of any
maturity. In determining a security's maturity for
purposes of calculating the funds' average maturity,
estimates of the expected time for its principal to be
repaid may be used. This can be substantially shorter
than its stated final maturity.
SUPPLEMENT TO THE
FIDELITY ADVISOR FUNDS CLASS A AND CLASS B
PROSPECTUS
DATED FEBRUARY 24, 1995
Effective March 27, 1995, the following information
updates the discussion of portfolio managers found in the
"FMR AND ITS AFFILIATES" section on page 21.
David Murphy is manager of Advisor Limited Term
Tax-Exempt and Advisor Short-Intermediate Tax-Exempt.
Mr. Murphy also manages Limited Term Municipal,
Spartan Intermediate Municipal, Spartan New Jersey
Municipal High Yield, Spartan New York Intermediate
Municipal, and Spartan Short-Intermediate Municipal.
Previously, he managed Spartan California Intermediate
Municipal. Mr. Murphy joined Fidelity in 1989.
The following should replace the current disclosure on
page 25 under the heading, "Short Fixed-Income Fund:"
SHORT FIXED-INCOME FUND seeks to obtain a high level of
current income, consistent with the preservation of
capital, by investing primarily in a broad range of
investment-grade fixed-income securities. Where
appropriate the fund will take advantage of opportunities
to realize capital appreciation. The fund, under normal
conditions, will invest primarily in investment-grade
fixed-income securities of all types. Fixed-income
securities in which the fund may invest include, in any
proportion, bonds, notes, mortgage-related and
asset-backed securities, U.S. government and U.S.
government agency obligations, zero coupon securities
and convertible securities, and short-term obligations
such as certificates of deposit, repurchase agreements,
bankers' acceptances and commercial paper. Under
normal conditions, at least 65% of the fund's total assets
will be invested in bonds. The fund may invest a portion
of its assets in securities issued by foreign companies and
foreign governments. Under normal conditions, the fund
maintains a dollar-weighted average maturity of three
years or less, but individual securities may be of any
maturity. In determining a security's maturity for
purposes of calculating the funds' average maturity,
estimates of the expected time for its principal to be
repaid may be used. This can be substantially shorter
than its stated final maturity.
ACOM-STK-0395-01 March 27, 1995
ACOM-STK-0395-01 March 27, 1995
SUPPLEMENT TO THE
FIDELITY ADVISOR FUNDS CLASS A AND CLASS B
PROSPECTUS
DATED FEBRUARY 24, 1995
Effective March 27, 1995, the following information
updates the discussion of portfolio managers found in the
"FMR AND ITS AFFILIATES" section on page 21.
David Murphy is manager of Advisor Limited Term
Tax-Exempt and Advisor Short-Intermediate Tax-Exempt.
Mr. Murphy also manages Limited Term Municipal,
Spartan Intermediate Municipal, Spartan New Jersey
Municipal High Yield, Spartan New York Intermediate
Municipal, and Spartan Short-Intermediate Municipal.
Previously, he managed Spartan California Intermediate
Municipal. Mr. Murphy joined Fidelity in 1989.
The following should replace the current disclosure on
page 25 under the heading, "Short Fixed-Income Fund:"
SHORT FIXED-INCOME FUND seeks to obtain a high level of
current income, consistent with the preservation of
capital, by investing primarily in a broad range of
investment-grade fixed-income securities. Where
appropriate the fund will take advantage of opportunities
to realize capital appreciation. The fund, under normal
conditions, will invest primarily in investment-grade
fixed-income securities of all types. Fixed-income
securities in which the fund may invest include, in any
proportion, bonds, notes, mortgage-related and
asset-backed securities, U.S. government and U.S.
government agency obligations, zero coupon securities
and convertible securities, and short-term obligations
such as certificates of deposit, repurchase agreements,
bankers' acceptances and commercial paper. Under
normal conditions, at least 65% of the fund's total assets
will be invested in bonds. The fund may invest a portion
of its assets in securities issued by foreign companies and
foreign governments. Under normal conditions, the fund
maintains a dollar-weighted average maturity of three
years or less, but individual securities may be of any
maturity. In determining a security's maturity for
purposes of calculating the funds' average maturity,
estimates of the expected time for its principal to be
repaid may be used. This can be substantially shorter
than its stated final maturity.
SUPPLEMENT TO THE
FIDELITY ADVISOR FUNDS CLASS A AND CLASS B
PROSPECTUS
DATED FEBRUARY 24, 1995
Effective March 27, 1995, the following information
updates the discussion of portfolio managers found in the
"FMR AND ITS AFFILIATES" section on page 21.
David Murphy is manager of Advisor Limited Term
Tax-Exempt and Advisor Short-Intermediate Tax-Exempt.
Mr. Murphy also manages Limited Term Municipal,
Spartan Intermediate Municipal, Spartan New Jersey
Municipal High Yield, Spartan New York Intermediate
Municipal, and Spartan Short-Intermediate Municipal.
Previously, he managed Spartan California Intermediate
Municipal. Mr. Murphy joined Fidelity in 1989.
The following should replace the current disclosure on
page 25 under the heading, "Short Fixed-Income Fund:"
SHORT FIXED-INCOME FUND seeks to obtain a high level of
current income, consistent with the preservation of
capital, by investing primarily in a broad range of
investment-grade fixed-income securities. Where
appropriate the fund will take advantage of opportunities
to realize capital appreciation. The fund, under normal
conditions, will invest primarily in investment-grade
fixed-income securities of all types. Fixed-income
securities in which the fund may invest include, in any
proportion, bonds, notes, mortgage-related and
asset-backed securities, U.S. government and U.S.
government agency obligations, zero coupon securities
and convertible securities, and short-term obligations
such as certificates of deposit, repurchase agreements,
bankers' acceptances and commercial paper. Under
normal conditions, at least 65% of the fund's total assets
will be invested in bonds. The fund may invest a portion
of its assets in securities issued by foreign companies and
foreign governments. Under normal conditions, the fund
maintains a dollar-weighted average maturity of three
years or less, but individual securities may be of any
maturity. In determining a security's maturity for
purposes of calculating the funds' average maturity,
estimates of the expected time for its principal to be
repaid may be used. This can be substantially shorter
than its stated final maturity.
ACOM-STK-0395-01 March 27, 1995
ACOM-STK-0395-01 March 27, 1995
SUPPLEMENT TO THE
FIDELITY ADVISOR FUNDS CLASS A AND CLASS B
PROSPECTUS
DATED FEBRUARY 24, 1995
Effective March 27, 1995, the following information
updates the discussion of portfolio managers found in the
"FMR AND ITS AFFILIATES" section on page 21.
David Murphy is manager of Advisor Limited Term
Tax-Exempt and Advisor Short-Intermediate Tax-Exempt.
Mr. Murphy also manages Limited Term Municipal,
Spartan Intermediate Municipal, Spartan New Jersey
Municipal High Yield, Spartan New York Intermediate
Municipal, and Spartan Short-Intermediate Municipal.
Previously, he managed Spartan California Intermediate
Municipal. Mr. Murphy joined Fidelity in 1989.
The following should replace the current disclosure on
page 25 under the heading, "Short Fixed-Income Fund:"
SHORT FIXED-INCOME FUND seeks to obtain a high level of
current income, consistent with the preservation of
capital, by investing primarily in a broad range of
investment-grade fixed-income securities. Where
appropriate the fund will take advantage of opportunities
to realize capital appreciation. The fund, under normal
conditions, will invest primarily in investment-grade
fixed-income securities of all types. Fixed-income
securities in which the fund may invest include, in any
proportion, bonds, notes, mortgage-related and
asset-backed securities, U.S. government and U.S.
government agency obligations, zero coupon securities
and convertible securities, and short-term obligations
such as certificates of deposit, repurchase agreements,
bankers' acceptances and commercial paper. Under
normal conditions, at least 65% of the fund's total assets
will be invested in bonds. The fund may invest a portion
of its assets in securities issued by foreign companies and
foreign governments. Under normal conditions, the fund
maintains a dollar-weighted average maturity of three
years or less, but individual securities may be of any
maturity. In determining a security's maturity for
purposes of calculating the funds' average maturity,
estimates of the expected time for its principal to be
repaid may be used. This can be substantially shorter
than its stated final maturity.
SUPPLEMENT TO THE
FIDELITY ADVISOR FUNDS CLASS A AND CLASS B
PROSPECTUS
DATED FEBRUARY 24, 1995
Effective March 27, 1995, the following information
updates the discussion of portfolio managers found in the
"FMR AND ITS AFFILIATES" section on page 21.
David Murphy is manager of Advisor Limited Term
Tax-Exempt and Advisor Short-Intermediate Tax-Exempt.
Mr. Murphy also manages Limited Term Municipal,
Spartan Intermediate Municipal, Spartan New Jersey
Municipal High Yield, Spartan New York Intermediate
Municipal, and Spartan Short-Intermediate Municipal.
Previously, he managed Spartan California Intermediate
Municipal. Mr. Murphy joined Fidelity in 1989.
The following should replace the current disclosure on
page 25 under the heading, "Short Fixed-Income Fund:"
SHORT FIXED-INCOME FUND seeks to obtain a high level of
current income, consistent with the preservation of
capital, by investing primarily in a broad range of
investment-grade fixed-income securities. Where
appropriate the fund will take advantage of opportunities
to realize capital appreciation. The fund, under normal
conditions, will invest primarily in investment-grade
fixed-income securities of all types. Fixed-income
securities in which the fund may invest include, in any
proportion, bonds, notes, mortgage-related and
asset-backed securities, U.S. government and U.S.
government agency obligations, zero coupon securities
and convertible securities, and short-term obligations
such as certificates of deposit, repurchase agreements,
bankers' acceptances and commercial paper. Under
normal conditions, at least 65% of the fund's total assets
will be invested in bonds. The fund may invest a portion
of its assets in securities issued by foreign companies and
foreign governments. Under normal conditions, the fund
maintains a dollar-weighted average maturity of three
years or less, but individual securities may be of any
maturity. In determining a security's maturity for
purposes of calculating the funds' average maturity,
estimates of the expected time for its principal to be
repaid may be used. This can be substantially shorter
than its stated final maturity.
ACOM-STK-0395-01 March 27, 1995
ACOM-STK-0395-01 March 27, 1995
