<PAGE> PAGE 1
000 A000000 05/31/95
000 C000000 0000702533
000 D000000 N
000 E000000 NF
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000 J000000 A
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001 C000000 6175639003
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002 C000000 MA
002 D010000 02109
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
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007 C020100 FIDELITY ADVISOR EQUITY INCOME FUND
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007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
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019 A00AA00 Y
019 B00AA00 221
019 C00AA00 FIDELITYZZ
020 A000001 FIDELITY BROKERAGE SERVICES, INC.
020 B000001 04-2653569
020 C000001 247
020 A000002 MORGAN STANLEY &CO., INC.
020 B000002 13-2655998
020 C000002 27
020 A000003 WERTHEIM SCHRODER & CO.
020 B000003 13-2697272
020 C000003 18
020 A000004 LEHMAN BROTHERS, INC.
020 B000004 13-2518466
020 C000004 18
020 A000005 GOLDMAN SACHS & CO.
<PAGE> PAGE 2
020 B000005 13-5108880
020 C000005 16
020 A000006 CJ LAWRENCE MORGAN GRENFEL, INC.
020 B000006 00-0000000
020 C000006 13
020 A000007 DONALSON LUFKIN & JENRETTE
020 B000007 00-0000000
020 C000007 12
020 A000008 FIRST BOSTON CORP. (THE)
020 B000008 13-5659485
020 C000008 12
020 A000009 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000009 13-2674085
020 C000009 12
020 A000010 ROBINSON HUMPHREY CO., INC. (THE)
020 B000010 58-1472560
020 C000010 12
021 000000 643
022 A000001 SALOMON BROTHERS, INC.
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022 C000001 14505
022 D000001 10189
022 A000002 FIDELITY MAGELLAN FUND
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022 C000002 12566
022 D000002 4978
022 A000003 FIDELITY BLUE CHIP GROWTH FUND
022 B000003 04-2987623
022 C000003 8952
022 D000003 993
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022 C000004 5358
022 D000004 1698
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022 C000005 4281
022 D000005 2490
022 A000006 BT SECURITIES CORP.
022 B000006 22-2608045
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022 D000006 3102
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022 C000007 3495
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022 C000008 1513
022 D000008 1341
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<PAGE> PAGE 3
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022 C000009 1479
022 D000009 1212
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022 D000010 2471
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023 D000000 43537
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008 D050102 ENGLAND
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008 D010103 TOKYO
008 D050103 JAPAN
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<PAGE> PAGE 4
011 C010101 BOSTON
011 C020101 MA
011 C030101 02109
012 A000101 FIDELITY INVESTMENTS INSTITUTIONAL OPERATIONS
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014 A000102 FIDELITY DISTRIBUTORS CORPORATION
014 B000102 8-8775
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014 B000103 8-0000
014 A000104 DELETE
015 A000101 THE CHASE MANHATTAN BANK, N.A.
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015 C020101 NY
015 C030101 10015
015 E010101 X
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
073 A010100 0.0000
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<PAGE> PAGE 10
SIGNATURE JOHN H. COSTELLO
TITLE ASST. TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<CIK> 0000702533
<NAME> Fidelity Advisor Series III
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> Fidelity Advisor Series III
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