FIDELITY ADVISOR SERIES IV
NSAR-B, 1996-01-29
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<PAGE>      PAGE  1
000 B000000 11/30/95
000 C000000 0000719451
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 FIDELITY ADVISOR SERIES IV
001 B000000 811-3737
001 C000000 6175639003
002 A000000 82 DEVONSHIRE STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C020100 FIDELITY INTERMEDIATE BOND FUND
007 C030100 N
007 C010200  2
007 C020200 FID. INSTIT. SHORT-INTERMEDIATE GOVT. FUND
007 C030200 N
007 C010300  3
007 C020300 FIDELITY REAL ESTATE HIGH INCOME FUND
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
011 A00AA01 FIDELITY DISTRIBUTORS CORPORATION
011 B00AA01 8-8775
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02109
013 A00AA01 COOPERS & LYBRAND L.L.P.
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
018  00AA00 Y
019 A00AA00 Y
019 B00AA00  223
019 C00AA00 FIDELITYZZ
<PAGE>      PAGE  2
020 A000001 DOMINION SECURITIES CORP.
020 B000001 13-5033225
020 C000001      3
020 A000002 GORDON CAPITAL CORP.
020 B000002 00-0000000
020 C000002      1
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020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        4
022 A000001 SHEARSON LEHMAN GOVERNMENT SECURITIES
022 B000001 13-2518466
022 C000001    365299
022 D000001    356285
022 A000002 BEAR STEARNS & COMPANY
022 B000002 13-3299429
022 C000002    297483
022 D000002    236697
022 A000003 GOLDMAN SACHS & COMPANY
022 B000003 13-5108880
022 C000003    219850
022 D000003    144813
022 A000004 SALOMON BROTHERS, INC.
022 B000004 13-3082694
022 C000004    125673
022 D000004     60225
022 A000005 MORGAN GUARANTY TRUST COMPANY
022 B000005 13-2655998
022 C000005    122516
022 D000005     46441
022 A000006 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000006 13-5674085
022 C000006     87160
022 D000006     80028
022 A000007 MORGAN STANLEY & COMPANY
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022 C000007     43658
022 D000007     44463
022 A000008 GREENWICH CAPITAL MARKET
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022 C000008     52468
022 D000008     33706
022 A000009 CITIBANK
022 B000009 13-5266470
022 C000009     39385
022 D000009     42032
<PAGE>      PAGE  3
022 A000010 UBS SECURITIES, INC.
022 B000010 13-2932996
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077 E000000 N
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077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
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077 P000000 N
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077 Q020000 N
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080 B00AA00 NATIONAL UNION INSURANCE COMPANY
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083 A00AA00 N
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<PAGE>      PAGE  4
084 B00AA00        0
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008 B000101 A
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008 D010101 BOSTON
008 D020101 MA
008 D030101 02109
008 A000102 FIDELITY MANAGEMENT & RESEARCH (U.K.) INC.
008 B000102 S
008 C000102 801-28773
008 D010102 LONDON
008 D050102 ENGLAND
008 A000103 FIDELITY MANAGEMENT & RESEARCH (FAR EAST)
008 B000103 S
008 C000103 801-28774
008 D010103 TOKYO
008 D050103 JAPAN
012 A000101 FIDELITY INVESTMENTS INST'L OPERATIONS CO.
012 B000101 84-00216
012 C010101 BOSTON
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012 C030101 02109
012 A000102 STATE STREET BANK & TRUST COMPANY
012 B000102 84-00000
012 C010102 BOSTON
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012 C030102 02110
014 A000101 FIDELITY BROKERAGE SERVICES, INC.
014 B000101 8-23292
014 A000102 FIDELITY DISTRIBUTORS CORPORATION
014 B000102 8-8755
014 A000103 FIDELITY BROKERAGE SERVICES
014 B000103 8-0000
015 A000101 THE BANK OF NEW YORK
015 B000101 C
015 C010101 NEW YORK
015 C020101 NY
<PAGE>      PAGE  5
015 C030101 10286
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
053 C000100 N
054 A000100 Y
054 B000100 Y
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054 D000100 N
054 E000100 N
054 F000100 N
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070 B020100 N
<PAGE>      PAGE  8
070 C010100 Y
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070 G020100 Y
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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008 A000201 FIDELITY MANAGEMENT & RESEARCH COMPANY
008 B000201 A
008 C000201 801-7884
008 D010201 BOSTON
008 D020201 MA
008 D030201 02109
012 A000201 FIDELITY INVESTMENTS INST'L OPERATIONS CO.
012 B000201 84-00216
012 C010201 BOSTON
012 C020201 MA
012 C030201 02109
014 A000201 FIDELITY BROKERAGE SERVICES INC.
014 B000201 8-23292
014 A000202 FIDELITY DISTRIBUTORS CORPORATION
014 B000202 8-8775
014 A000203 FIDELITY BROKERAGE SERVICES
014 B000203 8-0000
015 A000201 THE BANK OF NEW YORK
015 B000201 C
015 C010201 NEW YORK
015 C020201 NY
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<PAGE>      PAGE  11
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033  000200      0
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038  000200      0
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<PAGE>      PAGE  12
048 H020200 0.000
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048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200        0
048 K020200 0.000
049  000200 N
050  000200 N
051  000200 N
052  000200 N
053 A000200 N
054 A000200 Y
054 B000200 Y
054 C000200 Y
054 D000200 Y
054 E000200 Y
054 F000200 Y
054 G000200 Y
054 H000200 Y
054 I000200 N
054 J000200 Y
054 K000200 Y
054 L000200 Y
054 M000200 Y
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<PAGE>      PAGE  13
062 P000200   0.0
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070 A020200 Y
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070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 N
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
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070 R020200 N
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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008 D030301 02109
012 A000301 FIDELITY INVESTMENT INST'L OPERATIONS CO.
012 B000301 84-00216
012 C010301 BOSTON
012 C020301 MA
012 C030301 02109
014 A000301 FIDELITY BROKERAGE SERVICES INC.
014 B000301 8-23292
014 A000302 FIDELITY DISTRIBUTORS CORPORATION
014 B000302 8-8775
014 A000303 FIDELITY BROKERAGE SERVICES
014 B000303 8-0000
015 A000301 THE BANK OF NEW YORK
015 B000301 C
015 C010301 NEW YORK
015 C020301 NY
015 C030301 10286
015 E010301 X
024  000300 Y
025 A000301 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
025 B000301 13-5674085
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025 A000302 MORGAN STANLEY & COMPANY
025 B000302 13-2655998
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<PAGE>      PAGE  16
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033  000300      0
034  000300 N
035  000300      0
036 B000300      0
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039  000300 N
040  000300 Y
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<PAGE>      PAGE  17
042 E000300   0
042 F000300   0
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043  000300      0
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045  000300 Y
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054 D000300 N
054 E000300 N
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<PAGE>      PAGE  18
054 O000300 Y
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070 I020300 N
070 J010300 Y
<PAGE>      PAGE  19
070 J020300 Y
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 N
070 M010300 Y
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300     85037
071 B000300     20647
071 C000300     46571
071 D000300   44
072 A000300 12
072 B000300     4673
072 C000300       55
072 D000300        0
072 E000300        0
072 F000300      347
072 G000300        0
072 H000300        0
072 I000300       69
072 J000300        4
072 K000300        0
072 L000300        0
072 M000300        0
072 N000300       24
072 O000300        0
072 P000300        0
072 Q000300       41
072 R000300       17
072 S000300        0
072 T000300        0
072 U000300        0
072 V000300        0
072 W000300        0
072 X000300      502
072 Y000300        0
072 Z000300     4226
072AA000300     1654
072BB000300        0
072CC010300     3147
072CC020300        0
<PAGE>      PAGE  20
072DD010300     4680
072DD020300        0
072EE000300        0
073 A010300   0.9270
073 A020300   0.0000
073 B000300   0.0000
073 C000300   0.0000
074 A000300        0
074 B000300      976
074 C000300        0
074 D000300    67951
074 E000300      382
074 F000300      860
074 G000300        0
074 H000300        0
074 I000300        0
074 J000300     1783
074 K000300        0
074 L000300      583
074 M000300        0
074 N000300    72535
074 O000300        0
074 P000300       44
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300       62
074 S000300        0
074 T000300    72429
074 U010300     6560
074 U020300        0
074 V010300    11.04
074 V020300     0.00
074 W000300   0.0000
074 X000300        1
074 Y000300        0
075 A000300        0
075 B000300    51147
076  000300     0.00
SIGNATURE   JOHN H. COSTELLO                             
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

<ARTICLE> 6
 

<CIK>     0000719451


<NAME>      Fidelity Advisor Series IV


<SERIES>

        <NUMBER>        11


        <NAME>      Fidelity Advisor Intermediate Bond Fund - Class A


<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

year


<FISCAL-YEAR-END>

nov-30-1995


<PERIOD-END>

nov-30-1995


<INVESTMENTS-AT-COST>

507,862


<INVESTMENTS-AT-VALUE>

511,029


<RECEIVABLES>

17,977


<ASSETS-OTHER>

0


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

529,006


<PAYABLE-FOR-SECURITIES>

74,761


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

1,116


<TOTAL-LIABILITIES>

75,877


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

456,510


<SHARES-COMMON-STOCK>

21,225


<SHARES-COMMON-PRIOR>

13,830


<ACCUMULATED-NII-CURRENT>

0


<OVERDISTRIBUTION-NII>

2,113


<ACCUMULATED-NET-GAINS>

(4,435)


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

3,167


<NET-ASSETS>

453,129


<DIVIDEND-INCOME>

0


<INTEREST-INCOME>

27,111


<OTHER-INCOME>

0


<EXPENSES-NET>

3,125


<NET-INVESTMENT-INCOME>

23,986


<REALIZED-GAINS-CURRENT>

2,071


<APPREC-INCREASE-CURRENT>

15,816


<NET-CHANGE-FROM-OPS>

41,873


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

11,359


<DISTRIBUTIONS-OF-GAINS>

0


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

13,973


<NUMBER-OF-SHARES-REDEEMED>

7,555


<SHARES-REINVESTED>

977


<NET-CHANGE-IN-ASSETS>

135,986


<ACCUMULATED-NII-PRIOR>

0


<ACCUMULATED-GAINS-PRIOR>

(7,577)


<OVERDISTRIB-NII-PRIOR>

1,751


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

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0


<GROSS-EXPENSE>

3,315


<AVERAGE-NET-ASSETS>

186,149


<PER-SHARE-NAV-BEGIN>

10.260


<PER-SHARE-NII>

 .649


<PER-SHARE-GAIN-APPREC>

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<PER-SHARE-DIVIDEND>

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<PER-SHARE-DISTRIBUTIONS>

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<RETURNS-OF-CAPITAL>

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<PER-SHARE-NAV-END>

10.760


<EXPENSE-RATIO>

94


<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>

year


<FISCAL-YEAR-END>

nov-30-1995


<PERIOD-END>

nov-30-1995


<INVESTMENTS-AT-COST>

507,862


<INVESTMENTS-AT-VALUE>

511,029


<RECEIVABLES>

17,977


<ASSETS-OTHER>

0


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

529,006


<PAYABLE-FOR-SECURITIES>

74,761


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

1,116


<TOTAL-LIABILITIES>

75,877


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

456,510


<SHARES-COMMON-STOCK>

1,472


<SHARES-COMMON-PRIOR>

308


<ACCUMULATED-NII-CURRENT>

0


<OVERDISTRIBUTION-NII>

2,113


<ACCUMULATED-NET-GAINS>

(4,435)


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

3,167


<NET-ASSETS>

453,129


<DIVIDEND-INCOME>

0


<INTEREST-INCOME>

27,111


<OTHER-INCOME>

0


<EXPENSES-NET>

3,125


<NET-INVESTMENT-INCOME>

23,986


<REALIZED-GAINS-CURRENT>

2,071


<APPREC-INCREASE-CURRENT>

15,816


<NET-CHANGE-FROM-OPS>

41,873


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

469


<DISTRIBUTIONS-OF-GAINS>

0


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

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<NUMBER-OF-SHARES-REDEEMED>

370


<SHARES-REINVESTED>

35


<NET-CHANGE-IN-ASSETS>

135,986


<ACCUMULATED-NII-PRIOR>

0


<ACCUMULATED-GAINS-PRIOR>

(7,577)


<OVERDISTRIB-NII-PRIOR>

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<OVERDIST-NET-GAINS-PRIOR>

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<INTEREST-EXPENSE>

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<GROSS-EXPENSE>

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<AVERAGE-NET-ASSETS>

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<PER-SHARE-NAV-BEGIN>

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<PER-SHARE-NII>

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<PER-SHARE-DIVIDEND>

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<RETURNS-OF-CAPITAL>

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<PER-SHARE-NAV-END>

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<EXPENSE-RATIO>

170


<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


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<S>

<C>

<PERIOD-TYPE>

year


<FISCAL-YEAR-END>

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<PERIOD-END>

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507,862


<INVESTMENTS-AT-VALUE>

511,029


<RECEIVABLES>

17,977


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0


<OTHER-ITEMS-ASSETS>

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<TOTAL-ASSETS>

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<PAYABLE-FOR-SECURITIES>

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<TOTAL-LIABILITIES>

75,877


<SENIOR-EQUITY>

0


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<SHARES-COMMON-STOCK>

19,394


<SHARES-COMMON-PRIOR>

16,767


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<OVERDISTRIBUTION-GAINS>

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<NET-ASSETS>

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<DIVIDEND-INCOME>

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<INTEREST-INCOME>

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<OTHER-INCOME>

0


<EXPENSES-NET>

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<NET-INVESTMENT-INCOME>

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<REALIZED-GAINS-CURRENT>

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<APPREC-INCREASE-CURRENT>

15,816


<NET-CHANGE-FROM-OPS>

41,873


<EQUALIZATION>

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<DISTRIBUTIONS-OF-GAINS>

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<DISTRIBUTIONS-OTHER>

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<NUMBER-OF-SHARES-SOLD>

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<NUMBER-OF-SHARES-REDEEMED>

8,321


<SHARES-REINVESTED>

374


<NET-CHANGE-IN-ASSETS>

135,986


<ACCUMULATED-NII-PRIOR>

0


<ACCUMULATED-GAINS-PRIOR>

(7,577)


<OVERDISTRIB-NII-PRIOR>

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<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

1,704


<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

3,315


<AVERAGE-NET-ASSETS>

185,001


<PER-SHARE-NAV-BEGIN>

10.270


<PER-SHARE-NII>

 .671


<PER-SHARE-GAIN-APPREC>

 .499


<PER-SHARE-DIVIDEND>

 .670


<PER-SHARE-DISTRIBUTIONS>

0


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

10.770


<EXPENSE-RATIO>

67


<AVG-DEBT-OUTSTANDING>

0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
 

<CIK>     0000719451


<NAME>      Fidelity Advisor Series IV


<SERIES>

        <NUMBER>        22


        <NAME>      Fidelity Institutional Short-Intermediate Government Portfolio # 
Class II


<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

year


<FISCAL-YEAR-END>

nov-30-1995


<PERIOD-END>

nov-30-1995


<INVESTMENTS-AT-COST>

359,641


<INVESTMENTS-AT-VALUE>

364,585


<RECEIVABLES>

4,734


<ASSETS-OTHER>

0


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

369,319


<PAYABLE-FOR-SECURITIES>

20,331


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

418


<TOTAL-LIABILITIES>

20,749


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

361,322


<SHARES-COMMON-STOCK>

0


<SHARES-COMMON-PRIOR>

10


<ACCUMULATED-NII-CURRENT>

484


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

(18,180)


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

4,944


<NET-ASSETS>

348,570


<DIVIDEND-INCOME>

0


<INTEREST-INCOME>

26,048


<OTHER-INCOME>

0


<EXPENSES-NET>

1,546


<NET-INVESTMENT-INCOME>

24,502


<REALIZED-GAINS-CURRENT>

(3,161)


<APPREC-INCREASE-CURRENT>

16,819


<NET-CHANGE-FROM-OPS>

38,160


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

7


<DISTRIBUTIONS-OF-GAINS>

0


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

5


<NUMBER-OF-SHARES-REDEEMED>

16


<SHARES-REINVESTED>

1


<NET-CHANGE-IN-ASSETS>

8,683


<ACCUMULATED-NII-PRIOR>

219


<ACCUMULATED-GAINS-PRIOR>

(15,141)


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

1,542


<INTEREST-EXPENSE>

2


<GROSS-EXPENSE>

1,546


<AVERAGE-NET-ASSETS>

105


<PER-SHARE-NAV-BEGIN>

9.210


<PER-SHARE-NII>

 .647


<PER-SHARE-GAIN-APPREC>

 .392


<PER-SHARE-DIVIDEND>

 .639


<PER-SHARE-DISTRIBUTIONS>

0


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

0


<EXPENSE-RATIO>

70


<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 # 
Class I


<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

year


<FISCAL-YEAR-END>

nov-30-1995


<PERIOD-END>

nov-30-1995


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359,641


<INVESTMENTS-AT-VALUE>

364,585


<RECEIVABLES>

4,734


<ASSETS-OTHER>

0


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

369,319


<PAYABLE-FOR-SECURITIES>

20,331


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

418


<TOTAL-LIABILITIES>

20,749


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

361,322


<SHARES-COMMON-STOCK>

36,300


<SHARES-COMMON-PRIOR>

36,879


<ACCUMULATED-NII-CURRENT>

484


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

(18,180)


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

4,944


<NET-ASSETS>

348,570


<DIVIDEND-INCOME>

0


<INTEREST-INCOME>

26,048


<OTHER-INCOME>

0


<EXPENSES-NET>

1,546


<NET-INVESTMENT-INCOME>

24,502


<REALIZED-GAINS-CURRENT>

(3,161)


<APPREC-INCREASE-CURRENT>

16,819


<NET-CHANGE-FROM-OPS>

38,160


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

24,109


<DISTRIBUTIONS-OF-GAINS>

0


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

12,333


<NUMBER-OF-SHARES-REDEEMED>

15,234


<SHARES-REINVESTED>

2,322


<NET-CHANGE-IN-ASSETS>

8,683


<ACCUMULATED-NII-PRIOR>

219


<ACCUMULATED-GAINS-PRIOR>

(15,141)


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

1,542


<INTEREST-EXPENSE>

2


<GROSS-EXPENSE>

1,546


<AVERAGE-NET-ASSETS>

343,033


<PER-SHARE-NAV-BEGIN>

9.210


<PER-SHARE-NII>

 .669


<PER-SHARE-GAIN-APPREC>

 .383


<PER-SHARE-DIVIDEND>

 .662


<PER-SHARE-DISTRIBUTIONS>

0


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

9.600


<EXPENSE-RATIO>

45


<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>

year


<FISCAL-YEAR-END>

nov-30-1995


<PERIOD-END>

nov-30-1995


<INVESTMENTS-AT-COST>

67,020


<INVESTMENTS-AT-VALUE>

70,169


<RECEIVABLES>

2,366


<ASSETS-OTHER>

0


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

72,535


<PAYABLE-FOR-SECURITIES>

0


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

106


<TOTAL-LIABILITIES>

106


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

68,082


<SHARES-COMMON-STOCK>

6,560


<SHARES-COMMON-PRIOR>

0


<ACCUMULATED-NII-CURRENT>

0


<OVERDISTRIBUTION-NII>

32


<ACCUMULATED-NET-GAINS>

1,230


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

3,149


<NET-ASSETS>

72,429


<DIVIDEND-INCOME>

54


<INTEREST-INCOME>

4,673


<OTHER-INCOME>

0


<EXPENSES-NET>

502


<NET-INVESTMENT-INCOME>

4,225


<REALIZED-GAINS-CURRENT>

1,655


<APPREC-INCREASE-CURRENT>

3,149


<NET-CHANGE-FROM-OPS>

9,029


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

4,680


<DISTRIBUTIONS-OF-GAINS>

0


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

6,269


<NUMBER-OF-SHARES-REDEEMED>

144


<SHARES-REINVESTED>

434


<NET-CHANGE-IN-ASSETS>

72,429


<ACCUMULATED-NII-PRIOR>

0


<ACCUMULATED-GAINS-PRIOR>

0


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

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<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

502


<AVERAGE-NET-ASSETS>

51,147


<PER-SHARE-NAV-BEGIN>

10.000


<PER-SHARE-NII>

 .922


<PER-SHARE-GAIN-APPREC>

1.045


<PER-SHARE-DIVIDEND>

 .927


<PER-SHARE-DISTRIBUTIONS>

0


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

11.040


<EXPENSE-RATIO>

109


<AVG-DEBT-OUTSTANDING>

0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>


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