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<PAGE> PAGE 2
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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 10
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SIGNATURE YOHN H. COSTELLO
TITLE ASST. TREASURER
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18,091
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26.840
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.020
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3.210
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.120
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1.720
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0
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28.230
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184
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0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000702533
<NAME> Fidelity Advisor Series III
<SERIES>
<NUMBER> 13
<NAME> Fidelity Advisor Equity Income Fund
INSTITUTIONAL CLASS
<MULTIPLIER> 1,000
<S>
<C>
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YEAR
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NOV-30-1998
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NOV-30-1998
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3,118,036
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4,090,946
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28,039
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0
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0
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4,118,985
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0
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0
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10,412
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10,412
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0
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2,910,192
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17,250
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17,143
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4,229
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0
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221,226
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0
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972,926
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4,108,573
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64,563
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8,924
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0
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47,671
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25,816
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223,136
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212,047
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460,999
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0
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5,960
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29,607
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0
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4,647
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5,719
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1,179
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745,821
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3,579
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234,373
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0
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0
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19,202
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0
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48,251
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484,098
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27.070
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.340
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3.240
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1.720
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0
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28.590
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68
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0
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0
</TABLE>
