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<PAGE> PAGE 6
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 19
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SIGNATURE JOHN H. COSTELLO
TITLE ASSISTANT TREASURER
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<CIK> 0000719451
<NAME> Fidelity Advisor Series IV
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<S>
<C>
<PERIOD-TYPE>
6-mos
<FISCAL-YEAR-END>
Nov-30-1996
<PERIOD-END>
may-31-1996
<INVESTMENTS-AT-COST>
525,445
<INVESTMENTS-AT-VALUE>
510,878
<RECEIVABLES>
11,768
<ASSETS-OTHER>
1
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
522,647
<PAYABLE-FOR-SECURITIES>
12,963
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
1,168
<TOTAL-LIABILITIES>
14,131
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
530,119
<SHARES-COMMON-STOCK>
25,878
<SHARES-COMMON-PRIOR>
21,225
<ACCUMULATED-NII-CURRENT>
0
<OVERDISTRIBUTION-NII>
2,128
<ACCUMULATED-NET-GAINS>
(4,909)
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
(14,566)
<NET-ASSETS>
508,516
<DIVIDEND-INCOME>
0
<INTEREST-INCOME>
18,004
<OTHER-INCOME>
0
<EXPENSES-NET>
2,043
<NET-INVESTMENT-INCOME>
15,961
<REALIZED-GAINS-CURRENT>
(475)
<APPREC-INCREASE-CURRENT>
(17,733)
<NET-CHANGE-FROM-OPS>
(2,247)
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
8,091
<DISTRIBUTIONS-OF-GAINS>
0
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
9,700
<NUMBER-OF-SHARES-REDEEMED>
5,746
<SHARES-REINVESTED>
699
<NET-CHANGE-IN-ASSETS>
55,386
<ACCUMULATED-NII-PRIOR>
0
<ACCUMULATED-GAINS-PRIOR>
(4,434)
<OVERDISTRIB-NII-PRIOR>
2,113
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
1,083
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
2,081
<AVERAGE-NET-ASSETS>
249,081
<PER-SHARE-NAV-BEGIN>
10.760
<PER-SHARE-NII>
.345
<PER-SHARE-GAIN-APPREC>
(.379)
<PER-SHARE-DIVIDEND>
.346
<PER-SHARE-DISTRIBUTIONS>
0
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
10.380
<EXPENSE-RATIO>
96
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000719451
<NAME> Fidelity Advisor Series IV
<SERIES>
<NUMBER> 12
<NAME> Fidelity Advisor Intermediate Bond Fund-Class
B
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
6-mos
<FISCAL-YEAR-END>
Nov-30-1996
<PERIOD-END>
may-31-1996
<INVESTMENTS-AT-COST>
525,445
<INVESTMENTS-AT-VALUE>
510,878
<RECEIVABLES>
11,768
<ASSETS-OTHER>
1
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
522,647
<PAYABLE-FOR-SECURITIES>
12,963
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
1,168
<TOTAL-LIABILITIES>
14,131
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
530,119
<SHARES-COMMON-STOCK>
1,813
<SHARES-COMMON-PRIOR>
1,472
<ACCUMULATED-NII-CURRENT>
0
<OVERDISTRIBUTION-NII>
2,128
<ACCUMULATED-NET-GAINS>
(4,909)
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
(14,566)
<NET-ASSETS>
508,516
<DIVIDEND-INCOME>
0
<INTEREST-INCOME>
18,004
<OTHER-INCOME>
0
<EXPENSES-NET>
2,043
<NET-INVESTMENT-INCOME>
15,961
<REALIZED-GAINS-CURRENT>
(475)
<APPREC-INCREASE-CURRENT>
(17,733)
<NET-CHANGE-FROM-OPS>
(2,247)
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
516
<DISTRIBUTIONS-OF-GAINS>
0
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
813
<NUMBER-OF-SHARES-REDEEMED>
510
<SHARES-REINVESTED>
38
<NET-CHANGE-IN-ASSETS>
55,386
<ACCUMULATED-NII-PRIOR>
0
<ACCUMULATED-GAINS-PRIOR>
(4,434)
<OVERDISTRIB-NII-PRIOR>
2,113
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
1,083
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
2,081
<AVERAGE-NET-ASSETS>
17,678
<PER-SHARE-NAV-BEGIN>
10.750
<PER-SHARE-NII>
.309
<PER-SHARE-GAIN-APPREC>
(.388)
<PER-SHARE-DIVIDEND>
.311
<PER-SHARE-DISTRIBUTIONS>
0
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
10.360
<EXPENSE-RATIO>
167
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000719451
<NAME> Fidelity Advisor Series IV
<SERIES>
<NUMBER> 13
<NAME> Fidelity Adviosor Intermediate Bond Fund-
Institutional Class
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
6-mos
<FISCAL-YEAR-END>
Nov-30-1996
<PERIOD-END>
may-31-1996
<INVESTMENTS-AT-COST>
525,445
<INVESTMENTS-AT-VALUE>
510,878
<RECEIVABLES>
11,768
<ASSETS-OTHER>
1
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
522,647
<PAYABLE-FOR-SECURITIES>
12,963
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
1,168
<TOTAL-LIABILITIES>
14,131
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
530,119
<SHARES-COMMON-STOCK>
21,300
<SHARES-COMMON-PRIOR>
19,394
<ACCUMULATED-NII-CURRENT>
0
<OVERDISTRIBUTION-NII>
2,128
<ACCUMULATED-NET-GAINS>
(4,909)
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
(14,566)
<NET-ASSETS>
508,516
<DIVIDEND-INCOME>
0
<INTEREST-INCOME>
18,004
<OTHER-INCOME>
0
<EXPENSES-NET>
2,043
<NET-INVESTMENT-INCOME>
15,961
<REALIZED-GAINS-CURRENT>
(475)
<APPREC-INCREASE-CURRENT>
(17,733)
<NET-CHANGE-FROM-OPS>
(2,247)
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
7,369
<DISTRIBUTIONS-OF-GAINS>
0
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
5,394
<NUMBER-OF-SHARES-REDEEMED>
3,772
<SHARES-REINVESTED>
286
<NET-CHANGE-IN-ASSETS>
55,386
<ACCUMULATED-NII-PRIOR>
0
<ACCUMULATED-GAINS-PRIOR>
(4,434)
<OVERDISTRIB-NII-PRIOR>
2,113
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
1,083
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
2,081
<AVERAGE-NET-ASSETS>
218,214
<PER-SHARE-NAV-BEGIN>
10.770
<PER-SHARE-NII>
.360
<PER-SHARE-GAIN-APPREC>
(.389)
<PER-SHARE-DIVIDEND>
0
<PER-SHARE-DISTRIBUTIONS>
0
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
10.380
<EXPENSE-RATIO>
66
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000719451
<NAME> Fidelity Advisor Series IV
<SERIES>
<NUMBER> 21
<NAME> Fidelity Institutional Short-Intermediate Government Portfolio
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
6-mos
<FISCAL-YEAR-END>
Nov-30-1996
<PERIOD-END>
may-31-1996
<INVESTMENTS-AT-COST>
342,607
<INVESTMENTS-AT-VALUE>
340,715
<RECEIVABLES>
4,073
<ASSETS-OTHER>
33
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
344,821
<PAYABLE-FOR-SECURITIES>
3,600
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
296
<TOTAL-LIABILITIES>
3,896
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
363,439
<SHARES-COMMON-STOCK>
36,516
<SHARES-COMMON-PRIOR>
36,300
<ACCUMULATED-NII-CURRENT>
843
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
(21,465)
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
(1,892)
<NET-ASSETS>
340,925
<DIVIDEND-INCOME>
0
<INTEREST-INCOME>
13,205
<OTHER-INCOME>
0
<EXPENSES-NET>
662
<NET-INVESTMENT-INCOME>
12,543
<REALIZED-GAINS-CURRENT>
(3,285)
<APPREC-INCREASE-CURRENT>
(6,836)
<NET-CHANGE-FROM-OPS>
2,422
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
12,184
<DISTRIBUTIONS-OF-GAINS>
0
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
5,774
<NUMBER-OF-SHARES-REDEEMED>
6,723
<SHARES-REINVESTED>
1,165
<NET-CHANGE-IN-ASSETS>
(7,646)
<ACCUMULATED-NII-PRIOR>
484
<ACCUMULATED-GAINS-PRIOR>
(18,180)
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
784
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
785
<AVERAGE-NET-ASSETS>
348,738
<PER-SHARE-NAV-BEGIN>
9.600
<PER-SHARE-NII>
.340
<PER-SHARE-GAIN-APPREC>
(.270)
<PER-SHARE-DIVIDEND>
(.330)
<PER-SHARE-DISTRIBUTIONS>
0
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
9.340
<EXPENSE-RATIO>
38
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000719451
<NAME> Fidelity Advisor Series IV
<SERIES>
<NUMBER> 31
<NAME> Fidelity Real Estate High Income Fund
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
6-mos
<FISCAL-YEAR-END>
Nov-30-1996
<PERIOD-END>
may-31-1996
<INVESTMENTS-AT-COST>
75,154
<INVESTMENTS-AT-VALUE>
75,971
<RECEIVABLES>
546
<ASSETS-OTHER>
267
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
76,784
<PAYABLE-FOR-SECURITIES>
171
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
660
<TOTAL-LIABILITIES>
831
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
73,849
<SHARES-COMMON-STOCK>
7,076
<SHARES-COMMON-PRIOR>
6,560
<ACCUMULATED-NII-CURRENT>
190
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
977
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
937
<NET-ASSETS>
75,953
<DIVIDEND-INCOME>
74
<INTEREST-INCOME>
3,837
<OTHER-INCOME>
0
<EXPENSES-NET>
371
<NET-INVESTMENT-INCOME>
3,540
<REALIZED-GAINS-CURRENT>
1,012
<APPREC-INCREASE-CURRENT>
(2,212)
<NET-CHANGE-FROM-OPS>
2,340
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
3,319
<DISTRIBUTIONS-OF-GAINS>
1,264
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
1,387
<NUMBER-OF-SHARES-REDEEMED>
1,125
<SHARES-REINVESTED>
254
<NET-CHANGE-IN-ASSETS>
3,524
<ACCUMULATED-NII-PRIOR>
0
<ACCUMULATED-GAINS-PRIOR>
1,230
<OVERDISTRIB-NII-PRIOR>
32
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
302
<INTEREST-EXPENSE>
3
<GROSS-EXPENSE>
375
<AVERAGE-NET-ASSETS>
80,776
<PER-SHARE-NAV-BEGIN>
11.040
<PER-SHARE-NII>
.476
<PER-SHARE-GAIN-APPREC>
(.162)
<PER-SHARE-DIVIDEND>
.444
<PER-SHARE-DISTRIBUTIONS>
.180
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
10.730
<EXPENSE-RATIO>
93
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
