FIDELITY ADVISOR FUNDS INSTITUTIONAL CLASS
SUPPLEMENT TO THE PROSPECTUS DATED JUNE 30, 1994
FIDELITY ADVISOR EQUITY PORTFOLIO GROWTH
Effective August 1, 1994, FMR has voluntarily agreed to implement
management fee reductions for Fidelity Advisor Equity Portfolio Growth
which will lower the individual fund fee rate from .33% to .30%. For an
explanation of how the management fee is calculated, please see the
"Fees" section beginning on page 10.
FIDELITY ADVISOR LIMITED TERM BOND FUND
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 supplements the seventh full paragraph on page
6:
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
SUPPLEMENT TO THE PROSPECTUS DATED JUNE 30, 1994
FIDELITY ADVISOR EQUITY PORTFOLIO GROWTH
Effective August 1, 1994, FMR has voluntarily agreed to implement
management fee reductions for Fidelity Advisor Equity Portfolio Growth
which will lower the individual fund fee rate from .33% to .30%. For an
explanation of how the management fee is calculated, please see the
"Fees" section beginning on page 10.
FIDELITY ADVISOR LIMITED TERM BOND FUND
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 supplements the seventh full paragraph on page
6:
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-694-2 August 16, 1994
FACOM-694-2 August 16, 1994
FIDELITY ADVISOR FUNDS
INSTITUTIONAL CLASS
SUPPLEMENT TO THE PROSPECTUS DATED JUNE 30, 1994
FIDELITY ADVISOR EQUITY PORTFOLIO GROWTH
Effective August 1, 1994, FMR has voluntarily agreed to
implement management fee reductions for Fidelity
Advisor Equity Portfolio Growth which will lower the
individual fund fee rate from .33% to .30%. For an
explanation of how the management fee is calculated,
please see the "Fees" section beginning on page 10.
FIDELITY ADVISOR LIMITED TERM BOND FUND
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 supplements the seventh full
paragraph on page 6:
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
SUPPLEMENT TO THE PROSPECTUS DATED JUNE 30, 1994
FIDELITY ADVISOR EQUITY PORTFOLIO GROWTH
Effective August 1, 1994, FMR has voluntarily agreed to
implement management fee reductions for Fidelity
Advisor Equity Portfolio Growth which will lower the
individual fund fee rate from .33% to .30%. For an
explanation of how the management fee is calculated,
please see the "Fees" section beginning on page 10.
FIDELITY ADVISOR LIMITED TERM BOND FUND
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 supplements the seventh full
paragraph on page 6:
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-694-2 August 16, 1994
FACOM-694-2 August 16, 1994
FIDELITY ADVISOR FUNDS
INSTITUTIONAL CLASS
SUPPLEMENT TO THE PROSPECTUS DATED JUNE 30, 1994
FIDELITY ADVISOR EQUITY PORTFOLIO GROWTH
Effective August 1, 1994, FMR has voluntarily agreed to
implement management fee reductions for Fidelity
Advisor Equity Portfolio Growth which will lower the
individual fund fee rate from .33% to .30%. For an
explanation of how the management fee is calculated,
please see the "Fees" section beginning on page 10.
FIDELITY ADVISOR LIMITED TERM BOND FUND
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 supplements the seventh full
paragraph on page 6:
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
SUPPLEMENT TO THE PROSPECTUS DATED JUNE 30, 1994
FIDELITY ADVISOR EQUITY PORTFOLIO GROWTH
Effective August 1, 1994, FMR has voluntarily agreed to
implement management fee reductions for Fidelity
Advisor Equity Portfolio Growth which will lower the
individual fund fee rate from .33% to .30%. For an
explanation of how the management fee is calculated,
please see the "Fees" section beginning on page 10.
FIDELITY ADVISOR LIMITED TERM BOND FUND
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 supplements the seventh full
paragraph on page 6:
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-694-2 August 16, 1994
FACOM-694-2 August 16, 1994
