FIDELITY ADVISOR FUNDS INSTITUTIONAL CLASS
FIDELITY ADVISOR LIMITED TERM BOND FUND
SUPPLEMENT TO THE PROSPECTUS DATED JUNE 30, 1994
Effective July 1, 1994, FMR has voluntarily agreed to reimburse Fidelity
Advisor Limited Term Bond Fund to the extent that total operating
expenses for Institutional Shares (exclusive of taxes, interest, brokerage
commissions and extraordinary expenses) are in excess of an annual rate
of .65% of average net assets.
Also effective July 1, 1994, FMR voluntarily agreed to reimburse total
expenses (exclusive of taxes, interests, brokerage commissions and
extraordinary expenses) of Class A and Class B shares of Fidelity Advisor
Limited Term Bond Fund in excess of .90% (Class A) and 1.65% (Class
B).
The following disclosure supplements the seventh full paragraph on page
6:
For purposes of the Fund's investment policies, those instruments
described in this paragraph and in (i) through (v) above are considered
"bonds."
The following disclosure replaces the last sentence of the fifth paragraph
under the heading "Investment Limitations - Diversification:" on page 7:
Limited Term Bond may, however, invest more than 25% of its total assets
in obligations of banks, although it has no current intention of so doing.
FIDELITY ADVISOR FUNDS INSTITUTIONAL CLASS
FIDELITY ADVISOR LIMITED TERM BOND FUND
SUPPLEMENT TO THE PROSPECTUS DATED JUNE 30, 1994
Effective July 1, 1994, FMR has voluntarily agreed to reimburse Fidelity
Advisor Limited Term Bond Fund to the extent that total operating
expenses for Institutional Shares (exclusive of taxes, interest, brokerage
commissions and extraordinary expenses) are in excess of an annual rate
of .65% of average net assets.
Also effective July 1, 1994, FMR voluntarily agreed to reimburse total
expenses (exclusive of taxes, interests, brokerage commissions and
extraordinary expenses) of Class A and Class B shares of Fidelity Advisor
Limited Term Bond Fund in excess of .90% (Class A) and 1.65% (Class
B).
The following disclosure supplements the seventh full paragraph on page
6:
For purposes of the Fund's investment policies, those instruments
described in this paragraph and in (i) through (v) above are considered
"bonds."
The following disclosure replaces the last sentence of the fifth paragraph
under the heading "Investment Limitations - Diversification:" on page 7:
Limited Term Bond may, however, invest more than 25% of its total assets
in obligations of banks, although it has no current intention of so doing.
FACOM-694-1 July 11, 1994
FACOM-694-1 July 11, 1994
