SUPPLEMENT TO THE FIDELITY ADVISOR FUNDSSM
CLASS A, CLASS T, CLASS B, AND CLASS C FEBRUARY 28, 1998 PROSPECTUS
AS OF MAY 28, 1998, Fidelity Advisor Short-Intermediate Municipal
Income Fund was merged into Fidelity Advisor Intermediate Municipal
Income Fund and shareholders of Fidelity Advisor Short-Intermediate
Municipal Income Fund became shareholders of Fidelity Advisor
Intermediate Municipal Income Fund. The merger was voted on and
approved at a shareholder meeting on May 4, 1998. Fidelity Advisor
Short-Intermediate Municipal Income Fund ceased to exist and is not
offered.
The following information replaces similar information found in "Who
May Want to Invest" on page 3.
Each fund is composed of multiple classes of shares. All classes of a
fund have a common investment objective and investment portfolio.
Class A and Class T shares have a front-end sales charge and pay a
12b-1 fee. Class A and Class T shares may be subject to a contingent
deferred sales charge (CDSC). Class B and Class C shares do not have a
front-end sales charge, but do have a CDSC, and pay a 12b-1 fee.
Institutional Class shares have no sales charge and do not pay a 12b-1
fee, but are available only to certain types of investors. See "Sales
Charge Reductions and Waivers," page 82, for Institutional Class
eligibility information. You may obtain more information about
Institutional Class shares, which are not offered through this
prospectus, by calling 1-800-522-7297 if you are investing through a
broker-dealer or insurance representative, 1-800-843-3001 if you are
investing through a bank representative, or from your investment
professional.
The following information replaces similar information for TECHNOQUANT
GROWTH, MID CAP, EQUITY GROWTH, STRATEGIC OPPORTUNITIES, LARGE CAP,
GROWTH & INCOME, EQUITY INCOME, and BALANCED found in "Expenses" on
page 6.
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
EQUITY FUNDS
Operating Expenses Class A Class T Class B Class C
TECHNOQUANT Management fee 0.60% 0.60% 0.60% 0.60%
GROWTH
12b-1 fee (including 0.25% Shareholder
Service Fee for Class B and Class C 0.25% 0.50% 1.00% 1.00%
shares)
Other expenses (after reimbursement) 0.45% 0.45% 0.45% 0.45%[A]
Total operating expenses 1.30% 1.55% 2.05% 2.05%
MID CAP Management fee 0.60% 0.60% 0.60% 0.60%
12b-1 fee (including 0.25% Shareholder
Service Fee for Class B and Class C 0.25% 0.50% 1.00% 1.00%
shares)
Other expenses 1.43% 0.38% 0.43% 1.11%[A]
Total operating expenses 2.28% 1.48% 2.03% 2.71%
EQUITY Management fee 0.60% 0.60% 0.60% 0.60%
GROWTH
12b-1 fee (including 0.25% Shareholder
Service Fee for Class B and Class C 0.25% 0.50% 1.00% 1.00%
Other expenses 0.49% 0.21% 0.35% 0.56%[A]
Total operating expenses 1.34% 1.31% 1.95% 2.16%
S TRATEGIC Management fee 0.40% 0.40% 0.40% *
OPPORTUNITIES
12b-1 fee (including 0.25% Shareholder
Service Fee for Class B shares) 0.25% 0.50% 1.00 *
Other expenses 3.06% 0.34% 0.38% *
Total operating expenses 3.71% 1.24% 1.78% *
LARGE CAP Management fee 0.60% 0.60% 0.60% 0.60%
12b-1 fee (including 0.25% Shareholder
Service Fee for Class B and Class C 0.25% 0.50% 1.00% 1.00%
shares)
Other expenses (after reimbursement) 0.45% 0.45% 0.45% 0.45%[A]
Total operating expenses 1.30% 1.55% 2.05% 2.05%
GROWTH & Management fee 0.50% 0.50% 0.50% 0.50%
INCOME
12b-1 fee (including 0.25% Shareholder
Service Fee for Class B and Class C 0.25% 0.50% 1.00% 1.00%
shares)
Other expenses 1.71% 0.59% 0.79% 0.92%[A]
Total operating expenses 2.46% 1.59% 2.29% 2.42%
EQUITY Management fee 0.50% 0.50% 0.50% 0.50%
INCOME
12b-1 fee (including 0.25% Shareholder
Service Fee for Class B and Class C 0.25% 0.50% 1.00% 1.00%
shares)
Other expenses 0.53% 0.23% 0.24% 0.38%[A]
Total operating expenses 1.28% 1.23% 1.74% 1.88%
BALANCED Management fee 0.45% 0.45% 0.45% 0.45%
12b-1 fee (including 0.25% Shareholder
Service Fee for Class B and Class C 0.25% 0.50% 1.00% 1.00%
shares)
Other expenses 0.97% 0.22% 0.67% 0.94%[A]
Total operating expenses 1.67% 1.17% 2.12% 2.39%
</TABLE>
* FUND DOES NOT OFFER CLASS C SHARES.
[A] BASED ON ESTIMATED EXPENSES FOR FIRST YEAR.
The following information replaces similar information for STRATEGIC
INCOME found in "Expenses" on page 7.
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
TAXABLE INCOME FUNDS
Operating Expenses Class A Class T Class B Class C
STRATEGIC Management fee 0.59% 0.59% 0.59% 0.59%
INCOME
12b-1 fee (including 0.25% Shareholder Service Fee for Class B and Class C 0.15% 0.25% 0.90% 1.00%
shares)
Other expenses 2.14% 0.36% 0.37% 0.85%[A]
Total operating expenses 2.88% 1.20% 1.86% 2.44%
</TABLE>
[A] BASED ON ESTIMATED EXPENSES FOR FIRST YEAR.
The following information replaces similar information for
INTERMEDIATE MUNICIPAL INCOME found in "Expenses" on page 8.
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
MUNICIPAL FUNDS
Operating Expenses Class A Class T Class B Class C
INTERMEDIATE MUNICIPAL INCOME Management fee 0.39% 0.39% 0.39% 0.39%
12b-1 fee (including 0.25% Shareholder
Service Fee for Class B and Class C 0.15% 0.25% 0.90% 1.00%
shares)
Other expenses (after reimbursement) 0.31% 0.26% 0.31% 0.31%[A]
Total operating expenses 0.85% 0.90% 1.60% 1.70%
</TABLE>
[A] BASED ON ESTIMATED EXPENSES FOR THE FIRST YEAR.
The following information replaces similar information for MID CAP,
EQUITY GROWTH, STRATEGIC OPPORTUNITIES, LARGE CAP, EQUITY INCOME,
BALANCED, and STRATEGIC INCOME found in "Expenses" on page 8.
A portion of the brokerage commissions that certain of the funds pay
is used to reduce fund expenses. In addition, certain funds have
entered into arrangements with their custodian and transfer agent
whereby credits realized as a result of uninvested cash balances are
used to reduce custodian and transfer agent expenses. Including these
reductions, the total operating expenses presented in the preceding
tables for the applicable class would have been:
Class A Class T Class B
Mid Cap 2.24% 1.44% 1.98%
Equity Growth 1.32% 1.29% 1.92%
Strategic Opportunities 3.69% 1.23% 1.77%
Large Cap 1.27% 1.53% 2.03%
Equity Income 1.27% 1.21% 1.73%
Balanced 1.66% 1.17% 2.11%
Strategic Income 2.87% 1.19% 1.85%
(dagger) IMPACT OF CREDITS NOT APPLIED TO FIRST YEAR ESTIMATES.
The following information replaces similar information for TECHNOQUANT
GROWTH, MID CAP, EQUITY GROWTH, GROWTH OPPORTUNITIES, STRATEGIC
OPPORTUNITIES, LARGE CAP, GROWTH & INCOME, EQUITY INCOME, and BALANCED
found in "Expenses" on page 9.
EXPENSE TABLE EXAMPLE: You would pay the following amount in total
expenses on a $1,000 investment, assuming a 5% annual return and
either (1) full redemption or (2) no redemption at the end of each
time period. Total expenses shown below include your shareholder
transaction expenses, such as the maximum front-end sales charge or
CDSC, as applicable, and a class's annual operating expenses.
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C>
EQUITY FUNDS
Examples
Full Redemption No Redemption
Class A Class T Class B Class C Class B Class C
TECHNOQUANT GROWTH 1 year $ 70 $ 50 $ 71[A] $ 31[A] $ 21 $ 21
3 years $ 96 $ 82 $ 94[A] $ 64 $ 64 $ 64
5 years $ 125 $ 117 $ 130[A] $ 110 $ 110 $ 110
10 years[B] $ 205 $ 213 $ 210 $ 238 $ 210 $ 238
MID CAP 1 year $ 79 $ 50 $ 71[A] $ 37[A] $ 21 $ 27
3 years $ 125 $ 80 $ 94[A] $ 84 $ 64 $ 84
5 years $ 172 $ 113 $ 129[A] $ 143 $ 109 $ 143
10 $ 304 $ 206 $ 245 $ 304 $ 245 $ 304
years[B]
EQUITY GROWTH 1 year $ 70 $ 48 $ 70[A] $ 32[A] $ 20 $ 22
3 years $ 98 $ 75 $ 91[A] $ 68 $ 61 $ 68
5 years $ 127 $ 104 $ 125[A] $ 116 $ 105 $ 116
10 $ 209 $ 187 $ 204 $ 249 $ 204 $ 249
years[B]
STRATEGIC OPPORTUNITIES 1 year $ 93 $ 47 $ 68[A] * $ 18 *
3 years $ 164 $ 73 $ 86[A] * $ 56 *
5 years $ 238 $ 101 $ 116[A] * $ 96 *
10 $ 431 $ 180 $ 281 * $ 281 *
years[B]
LARGE CAP 1 year $ 70 $ 50 $ 71[A] $ 31[A] $ 21 $ 21
3 years $ 96 $ 82 $ 94[A] $ 64 $ 64 $ 64
5 years $ 125 $ 117 $ 130[A] $ 110 $ 110 $ 110
10 $ 205 $ 213 $ 210 $ 238 $ 210 $ 238
years[B]
GROWTH & INCOME 1 year $ 81 $ 51 $ 73[A] $ 35[A] $ 23 $ 25
3 years $ 130 $ 83 $ 102[A] $ 75 $ 72 $ 75
5 years $ 181 $ 119 $ 143[A] $ 129 $ 123 $ 129
10 $ 321 $ 217 $ 269 $ 276 $ 269 $ 276
years[B]
EQUITY INCOME 1 year $ 70 $ 47 $ 68[A] $ 29[A] $ 18 $ 19
3 years $ 96 $ 73 $ 85[A] $ 59 $ 65 $ 59
5 years $ 124 $ 100 $ 114[A] $ 102 $ 94 $ 102
10 $ 203 $ 179 $ 187 $ 220 $ 187 $ 220
years[B]
BALANCED 1 year $ 74 $ 47 $ 72[A] $ 34[A] $ 22 $ 24
3 years $ 107 $ 71 $ 96[A] $ 75 $ 66 $ 75
5 years $ 143 $ 97 $ 134[A] $ 128 $ 114 $ 128
10 $ 244 $ 172 $ 228 $ 273 $ 228 $ 273
years[B]
</TABLE>
* FUND DOES NOT OFFER CLASS C SHARES.
[A] REFLECTS DEDUCTION OF APPLICABLE CDSC.
[B] REFLECTS CONVERSION OF CLASS B SHARES TO CLASS A SHARES AFTER
SEVEN YEARS.
The following information replaces similar information for STRATEGIC
INCOME found in "Expenses" on page 10.
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C>
TAXABLE INCOME FUNDS
Examples
Full Redemption No Redemption
Class A Class T Class B Class C Class B Class C
STRATEGIC INCOME 1 year $ 75 $ 47 $ 69[A] $ 35[A] $ 19 $ 25
3 years $ 132 $ 72 $ 88[A] $ 76 $ 58 $ 76
5 years $ 192 $ 99 $ 121[A] $ 130 $ 101 $ 130
10 years[B] $ 353 $ 175 $ 256 $ 278 $ 256 $ 278
</TABLE>
[A] REFLECTS DEDUCTION OF APPLICABLE CDSC.
[B] REFLECTS CONVERSION OF CLASS B SHARES TO CLASS A SHARES AFTER
SEVEN YEARS.
The following information replaces similar information for
INTERMEDIATE MUNICIPAL INCOME found in "Expenses" on page 11.
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C>
MUNICIPAL FUNDS
Examples
Full Redemption No Redemption
Class A Class T Class B Class C Class B Class C
INTERMEDIATE MUNICIPAL 1 year $ 46 $ 36 $ 46[A] $ 27[A] $ 16 $ 17
INCOME
3 years $ 64 $ 55 $ 60[A] $ 54 $ 50 $ 54
5 years[C] $ 83 $ 76 $ 78 $ 92 $ 78 $ 92
10 years[C] $ 138 $ 135 $ 135 $ 201 $ 135 $ 201
</TABLE>
[A] REFLECTS DEDUCTION OF APPLICABLE CDSC.
[C] REFLECTS CONVERSION OF CLASS B SHARES TO CLASS A SHARES AFTER FOUR
YEARS.
THESE EXAMPLES ILLUSTRATE THE EFFECT OF EXPENSES, BUT ARE NOT MEANT TO
SUGGEST ACTUAL OR EXPECTED EXPENSES OR RETURNS, ALL OF WHICH MAY VARY.
The following information replaces the second table found in
"Expenses" on page 11.
FMR has voluntarily agreed to reimburse Class A, Class T, Class B, and
Class C of each fund to the extent that total operating expenses, as a
percentage of their respective average net assets, exceed the
following rates:
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class A Effective Date Class T Effective Date Class B Effective Date Class C Effective Date
TechnoQuant Growth 1.30% 12/1/98 1.55% 12/1/98 2.05% 12/1/98 2.05% 12/1/98
Large Cap 1.30% 12/1/98 1.55% 12/1/98 2.05% 12/1/98 2.05% 12/1/98
Mortgage Securities 0.90% 3/1/97 1.00% 3/1/97 1.65% 3/1/97 * *
Government Investment 0.90% 8/30/96 1.00% 7/1/95 1.65% 1/1/96 1.75% 11/1/97
Intermediate Bond 0.90% 8/30/96 1.00% 7/1/95 1.65% 1/1/96 1.75% 11/1/97
Short Fixed-Income 0.90% 8/30/96 0.90% 8/30/96 ** ** 1.75% 11/1/97
Municipal Income 0.90% 8/30/96 1.00% 7/1/95 1.65% 1/1/96 1.75% 11/1/97
Intermediate Municipal 0.85% 12/1/98 0.90% 5/29/98 1.60% 12/1/98 1.70% 12/1/98
Income
</TABLE>
* FUND DOES NOT OFFER CLASS C SHARES.
** FUND DOES NOT OFFER CLASS B SHARES.
The following information replaces similar information found in
"Expenses" on page 12.
If these agreements were not in effect, other expenses and total
operating expenses, as a percentage of average net assets, would have
been the following amounts:
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Other Expenses Total Operating Expenses
Class A Class T Class B Class C[A] Class A Class T Class B Class C[A]
TechnoQuant Growth 1.56% 1.11% 1.27% 5.85% 2.41% 2.21% 2.87% 7.45%
Large Cap 2.28% 0.52% 0.56% 1.49% 3.13% 1.62% 2.16% 3.09%
Mortgage Securities 3.05%[A] 0.92%[A] 4.24%[A] * 3.64%[A] 1.61%[A] 5.58%[A] *
Government Investment 4.39% 0.34% 0.39% 2.35% 4.98% 1.03% 1.73% 3.79%
Intermediate Bond 1.83% (dagger) 0.40% 1.78% 2.42% (dagger) 1.74% 3.22%
Short Fixed-Income 1.23% (dagger) ** 1.29% 1.82% (dagger) ** 2.73%
Municipal Income 1.62% (dagger) (dagger) 1.54% 2.16% (dagger) (dagger) 2.93%
Intermediate Municipal Income 8.83% 0.40% 0.56% 5.71% 9.37% 1.04% 1.85% 7.10%
</TABLE>
* FUND DOES NOT OFFER CLASS C SHARES.
** FUND DOES NOT OFFER CLASS B SHARES.
[A] BASED ON ESTIMATED EXPENSES FOR THE FIRST YEAR.
(dagger) TOTAL OPERATING EXPENSES WERE LESS THAN THE VOLUNTARY EXPENSE
CAPS SHOWN IN THE TABLE ON THE PREVIOUS PAGE.
Expenses eligible for reimbursement do not include interest, taxes,
brokerage commissions, and extraordinary expenses.
The following information replaces the biographical information for
John Carlson and Brian Hogan found in the "Charter" section on pages
55 and 56.
John Carlson is Vice President and lead manager of Advisor Strategic
Income, which he has managed since August 1995. He also manages the
emerging markets investments of Advisor Strategic Income and manages
other Fidelity funds. Prior to joining Fidelity in 1995, Mr. Carlson
was executive director of emerging markets at Lehman Brothers
International from 1992 through 1995.
The following information replaces similar information found under the
heading "FMR and Its Affiliates" in the "Charter" section beginning on
page 55.
John Avery is lead manager of Advisor Balanced, which he has managed
since January 1998; he had been associate manager of the fund since
September 1997. He also manages another Fidelity fund. Mr. Avery
joined Fidelity in 1995 as an analyst. Previously, he was an analyst
for Putnam Investments from 1993 to 1994.
Kevin Grant is Vice President and manager of Advisor Balanced,
Advisor Strategic Income, and Advisor Intermediate Bond, which he has
managed since March 1996, December 1998, and October 1995,
respectively. Mr. Grant manages the fixed-income investments for
Advisor Balanced and the domestic investment-grade and U.S. Government
investments for Advisor Strategic Income. He also manages several
other Fidelity funds. Prior to joining Fidelity in 1993 as portfolio
manager.
Thomas Silvia is Vice President and manager of Advisor Mortgage
Securities and Advisor Government Investment which he has managed
since October 1997 and December 1998, respectively. He was a
co-manager of Advisor Mortgage Securities since February 1997. He also
manages other Fidelity funds. Mr. Silvia joined Fidelity as a senior
mortgage trader in 1993. Previously, he was a quantitative analyst
with Donaldson, Lufkin & Jenrette in New York from 1990 to 1993.
Ian Spreadbury is manager of Advisor Strategic Income's foreign bond
investments, which he has managed since May 1998. He also co-manages
another Fidelity fund. Additionally, Mr. Spreadbury is a director of
fixed income and a portfolio manager for Fidelity International
Limited (FIL). Prior to joining Fidelity in 1995, Mr. Spreadbury was a
senior manager with Legal & General, Limited, from 1981 to 1995.
Christine Thompson is Vice President and manager of Advisor Municipal
Income, which she has managed since July 1998. She also manages
several other Fidelity funds. Since joining Fidelity in 1985, Ms.
Thompson has worked as a senior analyst and portfolio manager.
The following information replaces the last paragraph found under the
heading "FMR and Its Affiliates" in the "Charter" section on page 57.
FMR may allocate brokerage transactions to its broker-dealer
affiliates and in a manner that takes into account the sale of shares
of Fidelity Advisor Funds, provided that the fund receives brokerage
services and commission rates comparable to those of other
broker-dealers.
The following information replaces similar information found under the
heading "Strategic Income Fund" in "Investment Principles and Risks"
on page 59.
The fund invests primarily in debt securities, including lower-quality
securities, allocated among four general investment categories: high
yield securities, U.S. Government and investment-grade securities,
emerging market securities, and foreign developed market securities.
The fund's neutral mix, or the benchmark for its combination of
investments in each category over time, is approximately 40% high
yield, 30% U.S. Government and investment-grade, 15% emerging markets
and 15% foreign developed markets. The fund also may invest a portion
of its assets in convertible securities and common and preferred
stocks.
The HIGH YIELD category includes high-yielding, lower-quality
securities consisting mainly of U.S. securities. The U.S. GOVERNMENT
AND INVESTMENT-GRADE category includes mortgage securities, U.S.
Government securities, government agency securities and other U.S.
dollar-denominated securities of investment-grade quality. The
EMERGING MARKET category includes corporate and governmental
securities of any quality of issuers located in emerging markets. The
FOREIGN DEVELOPED MARKET category includes corporate and governmental
securities of any quality of issuers located in developed foreign
markets. These investment categories are only general guidelines, and
FMR may use its judgment as to which category an investment falls
within. The fund may also make investments that do not fall within
these categories.
The following information replaces the "Restrictions" found under the
heading "Equity Securities" in the "Investment Principles and Risks"
section on page 62.
RESTRICTIONS: With respect to 75% of its total assets, each of the
Equity Funds, High Yield, Mortgage Securities, Government Investment,
Intermediate Bond, Short Fixed-Income, Municipal Income, and
Intermediate Municipal Income may not purchase more than 10% of the
outstanding voting securities of a single issuer. For TechnoQuant
Growth, Mid Cap, Equity Growth, Growth Opportunities, Strategic
Opportunities, Large Cap, Growth & Income, and Equity Income, this
limitation does not apply to securities of other investment companies.
The following information replaces the similar information found under
the heading "Diversification" in the "Investment Principles and Risks"
section on page 65.
RESTRICTIONS: With respect to 75% of its total assets, each of the
Equity Funds, High Yield, Mortgage Securities, Government Investment,
Intermediate Bond, Short Fixed-Income, Municipal Income, and
Intermediate Municipal Income may not purchase a security if, as a
result, more than 5% would be invested in the securities of any
issuer. This limitation does not apply to U.S. Government securities
or, for TechnoQuant Growth, Mid Cap, Equity Growth, Growth
Opportunities, Strategic Opportunities, Large Cap, Growth & Income,
and Equity Income, to securities of other investment companies.
The following information replaces the similar information found under
the heading "Fundamental Investment Policies and Restrictions" in the
"Investment Principles and Risks" section on page 66.
With respect to 75% of its total assets, each of the Equity Funds,
High Yield, Mortgage Securities, Government Investment, Intermediate
Bond, Short Fixed-Income, Municipal Income, and Intermediate Municipal
Income may not purchase a security if, as a result, more than 5% would
be invested in the securities of any one issuer and may not purchase
more than 10% of the outstanding voting securities of a single issuer.
These limitations do not apply to U.S. Government securities or, for
TechnoQuant Growth, Mid Cap, Equity Growth, Growth Opportunities,
Strategic Opportunities, Large Cap, Growth & Income, and Equity
Income, to securities of other investment companies.
The following information replaces the first three paragraphs found
under the heading "Management Fee" in the "Breakdown of Expenses"
section on page 67.
The management fee is calculated and paid to FMR every month.
For each of TechnoQuant Growth, Mid Cap, Equity Growth, Large Cap,
Growth & Income, Equity Income, Balanced, High Yield, Strategic
Income, Mortgage Securities, Government Investment, Intermediate Bond,
Short Fixed-Income, Municipal Income, Intermediate Municipal Income,
and Short-Intermediate Municipal Income, the fee is calculated by
adding a group fee rate to an individual fund fee rate, multiplying
the result by the fund's monthly average net assets, and dividing by
twelve.
The following information replaces similar information found under the
heading "Management Fee" in the "Breakdown of Expenses" section on
page 67.
The group fee rate is based on the average net assets of all the
mutual funds advised by FMR. This rate cannot rise above 0.52% for
TechnoQuant Growth, Mid Cap, Equity Growth, Growth Opportunities,
Strategic Opportunities, Large Cap, Growth & Income, Equity Income,
and Balanced or 0.37% for High Yield, Strategic Income, Mortgage
Securities, Government Investment, Intermediate Bond, Short
Fixed-Income, Municipal Income, Intermediate Municipal Income, and
Short-Intermediate Municipal Income, and it drops as total assets
under management increase. For December 1997, the group fee rate for
the Equity Funds was 0.29%, and the group fee rate for the Bond Funds,
the Intermediate-Term Bond Funds, and the Short-Term Bond Funds was
0.14%.
The individual fund fee rates for each of TechnoQuant Growth, Mid Cap,
Equity Growth, Growth Opportunities, Strategic Opportunities, Large
Cap, Mortgage Securities, Government Investment, Intermediate Bond,
and Short Fixed-Income is 0.30%. The individual fund fee rate for each
of Growth & Income and Equity Income is 0.20%. The individual fund fee
rate for Balanced is 0.15%. The individual fund fee rate for each of
High Yield and Strategic Income is 0.45%. The individual fund fee rate
for each of Municipal Income, Intermediate Municipal Income, and
Short-Intermediate Municipal Income is 0.25%.
The following information replaces the thirteenth paragraph found
under the heading "Other Expenses" in the "Breakdown of Expenses"
section beginning on page 69.
In addition, pursuant to each Class B plan, Class B of each fund pays
FDC a monthly service fee at an annual rate of 0.25% of Class B's
average net assets throughout the month. Up to the full amount of the
Class B service fee may be reallowed to investment professionals for
providing personal service to and/or maintenance of Class B
shareholder accounts.
The following information replaces the fourteenth and fifteenth
paragraphs found under the heading "Other Expenses" in the "Breakdown
of Expenses" section beginning on page 69.
Class C shares of each fund (except Strategic Opportunities, Mortgage
Securities, and Short-Intermediate Municipal Income) have adopted a
DISTRIBUTION AND SERVICE PLAN. Under the plans, Class C of each fund
is authorized to pay FDC a monthly distribution fee as compensation
for its services and expenses in connection with the distribution of
Class C shares. Class C of each fund may pay FDC a distribution fee at
an annual rate of 0.75% of its average net assets, or such lesser
amount as the Trustees may determine from time to time. Class C of
each fund currently pays FDC a monthly distribution fee at an annual
rate of 0.75% of its average net assets throughout the month.
Normally, after the first year of investment, up to the full amount of
the Class C distribution fee may be reallowed to investment
professionals as compensation for their services in connection with
the distribution of Class C shares.
In addition, pursuant to each Class C plan, Class C of each fund pays
FDC a monthly service fee at an annual rate of 0.25% of Class C's
average net assets throughout the month. Normally, after the first
year of investment, up to the full amount of the Class C service fee
may be reallowed to investment professionals for providing personal
service to and/or maintenance of Class C shareholder accounts.
For purchases of Class C shares made for an employee benefit plan or
through reinvested dividends or capital gain distributions, during the
first year of investment and thereafter, up to the full amount of the
Class C distribution fee and Class C service fee paid by such shares
may be reallowed to investment professionals as compensation for their
services in connection with the distribution of Class C shares and for
providing personal service to and/or maintenance of Class C
shareholder accounts.
The following information replaces similar information found in "How
to Buy Shares" on page 72.
IF YOU ARE NEW TO THE FIDELITY ADVISOR FUNDS, complete and sign an
account application and mail it along with your check. If there is no
account application accompanying this prospectus, call your investment
professional or, if you are investing through a broker-dealer or
insurance representative, call 1-800-522-7297 or, if you are investing
through a bank representative, call 1-800-843-3001.
The following information replaces similar information found in "How
to Buy Shares" on page 72.
MINIMUM INVESTMENTS
TO OPEN AN ACCOUNT $2,500
For certain Fidelity Advisor retirement accounts(double dagger) $500
Through regular investment plans* $100
TO ADD TO AN ACCOUNT $100
MINIMUM BALANCE $1,000
For certain Fidelity Advisor retirement accounts(double dagger) None
(double dagger) THESE LOWER MINIMUMS APPLY TO FIDELITY TRADITIONAL
IRA, ROTH IRA, ROTH CONVERSION IRA, ROLLOVER IRA, SEP-IRA, AND KEOGH
ACCOUNTS.
* AN ACCOUNT MAY BE OPENED WITH A MINIMUM OF $100, PROVIDED THAT A
REGULAR INVESTMENT PLAN IS ESTABLISHED AT THE TIME THE ACCOUNT IS
OPENED. FOR MORE INFORMATION ABOUT REGULAR INVESTMENT PLANS, PLEASE
REFER TO "INVESTOR SERVICES," PAGE 75.
The following information replaces similar information found in
"Investor Services" on page 76.
REGULAR INVESTMENT PLANS
FIDELITY ADVISOR SYSTEMATIC INVESTMENT PROGRAM
TO MOVE MONEY FROM YOUR BANK ACCOUNT TO A FIDELITY ADVISOR FUND
MINIMUM INITIAL
$100
The following information replaces the second paragraph found under
the heading "Finders Fee" in the "Transaction Details" section
beginning on page 79.
Except as provided below, any assets on which a finder's fee has been
paid will bear a CDSC (Class A or Class T CDSC) if they do not remain
in Class A or Class T shares of the Fidelity Advisor funds, or Daily
Money Class shares of Treasury Fund, Prime Fund, or Tax-Exempt Fund,
for a period of at least one uninterrupted year. The Class A or Class
T CDSC will be 0.25% of the lesser of the cost of the Class A or Class
T shares, as applicable, at the initial date of purchase or the value
of the Class A or Class T shares, as applicable, at redemption, not
including any reinvested dividends or capital gains. Class A and Class
T shares acquired through distributions (dividends or capital gains)
will not be subject to a Class A or Class T CDSC. In determining the
applicability and rate of any Class A or Class T CDSC at redemption,
Class A or Class T shares representing reinvested dividends and
capital gains, if any, will be redeemed first, followed by those Class
A or Class T shares that have been held for the longest period of
time.
The following information supplements the information found under the
heading "Finder's Fee" in the "Transaction Details" section on page
80.
Investment professionals must notify FDC in advance of a purchase
eligible for a finder's fee, and may be required to enter into an
agreement with FDC in order to receive the finder's fee.
The following information replaces the last paragraph found under the
heading "Finder's Fee" in the "Transaction Details" section on page
80.
With respect to shares held by an insurance company separate account,
the Class A or Class T CDSC does not apply.
With respect to employee benefit plans, the Class A or Class T CDSC
does not apply to the following types of redemptions; (i) plan loans
or distributions or (ii) exchanges to non-Advisor fund investment
options. With respect to Individual Retirement Accounts, the Class A
or Class T CDSC does not apply to redemptions made for disability,
payment of death benefits, or required partial distributions starting
at age 701/2. Your investment professional should advise Fidelity at
the time your redemption order is placed if you qualify for a waiver
of the Class A or Class T CDSC.
The following information replaces the third paragraph under the
heading "Contingent Deferred Sales Charge" in the "Transaction
Details" section on page 80.
Except as provided below, investment professionals with whom FDC has
agreements receive as compensation from FDC, at the time of the sale,
a concession equal to 4.00% (2.00% for the Intermediate-Term Bond
Funds) of your purchase of Class B shares. For purchases of Class B
shares through reinvested dividends or capital gain distributions,
investment professionals do not receive a concession at the time of
sale.
The following information replaces the fifth paragraph under the
heading "Contingent Deferred Sales Charge" in the "Transactions
Details" section on page 80.
Except as provided below, investment professionals with whom FDC has
agreements receive as compensation from FDC, at the time of the sale,
a concession equal to 1.00% of your purchase of Class C shares. For
purchases of Class C shares made for an employee benefit plan or
through reinvested dividends or capital gain distributions, investment
professionals do not receive a concession at the time of sale.
The following information replaces similar information found in
"Exchange Restrictions" on page 82.
As a shareholder, you have the privilege of exchanging Class A, Class
T, Class B, or Class C shares of a fund for the same class of shares
of other Fidelity Advisor funds at NAV; Class A or Class T shares for
Daily Money Class shares of Treasury Fund, Prime Fund, or Tax-Exempt
Fund; Class B shares for Advisor B Class shares of Treasury Fund; and
Class C shares for Advisor C Class shares of Treasury Fund. If you
purchased your Class T shares through certain investment professionals
that have signed an agreement with FDC, you also have the privilege of
exchanging your Class T shares for shares of Fidelity Capital
Appreciation Fund. However, you should note the following:
The following information found in "Exchange Restrictions" on page 82
is no longer applicable.
(small solid bullet) If you have held Class A or Class T shares of
Short Fixed-Income or Short-Intermediate Municipal Income for less
than six months and you exchange into Class A or Class T of another
Advisor fund, you pay the difference between that fund's Class A or
Class T front-end sales charge and any Class A or Class T front-end
sales charge you may have previously paid in connection with the
shares you are exchanging.
The following information replaces the Class A waivers found in "Sales
Charge Reductions and Waivers" on page 83.
A FRONT-END SALES CHARGE WILL NOT APPLY TO THE FOLLOWING CLASS A
SHARES:
1. Purchased for an employee benefit plan with at least $25 million or
more in plan assets;
2. Purchased for an employee benefit plan investing through an
insurance company separate account used to fund annuity contracts;
3. Purchased for an employee benefit plan investing through a trust
institution, bank trust department or insurance company, or any such
institution's broker-dealer affiliate that is not part of an
organization primarily engaged in the brokerage business. Employee
benefit plans that participate in the Advisor Retirement Connection do
not qualify for this waiver;
4. Purchased for an employee benefit plan investing through an
investment professional sponsored program that requires the
participating employee benefit plan to initially invest in Class C or
Class B shares and, upon meeting certain criteria, subsequently
requires the plan to invest in Class A shares;
5. Purchased by a trust institution or bank trust department for a
managed account that is charged an asset-based fee. Employee benefit
plans and accounts managed by third parties do not qualify for this
waiver;
6. Purchased by a broker-dealer for a managed account that is charged
an asset-based fee. Employee benefit plans do not qualify for this
waiver;
7. Purchased by a registered investment advisor that is not part of an
organization primarily engaged in the brokerage business for an
account that is managed on a discretionary basis and is charged an
asset-based fee. Employee benefit plans do not qualify for this
waiver;
8. Purchased by a bank trust officer, registered representative, or
other employee (or a member of one of their immediate families) of
investment professionals having agreements with FDC; or
9. Purchased prior to December 31, 1998 by shareholders who have
closed their Class A Municipal Bond, Class A California Municipal
Income, or Class A New York Municipal Income accounts prior to
December 31, 1997. This waiver is limited to purchases of up to
$10,000; shareholders are entitled to this waiver after the original
load waiver certificate is received in proper form by FIIOC.
SUPPLEMENT TO THE FIDELITY ADVISOR FUNDSSM
INSTITUTIONAL CLASS FEBRUARY 28,1998 PROSPECTUS
AS OF MAY 28, 1998, Fidelity Advisor Short-Intermediate Municipal
Income Fund was merged into the corresponding class of Fidelity
Advisor Intermediate Municipal Income Fund and shareholders of
Fidelity Advisor Short-Intermediate Municipal Income Fund became
shareholders of Fidelity Advisor Intermediate Municipal Income Fund.
The merger was voted on and approved at a shareholder meeting on May
4, 1998. Fidelity Advisor Short-Intermediate Municipal Income Fund
ceased to exist and is not offered.
The following information replaces each reference to 1-800-843-3001.
If you are investing through a broker-dealer or insurance
representative, call 1-800-522-7297. If you are investing through a
bank representative, call 1-800-843-3001.
The following information supplements similar information found in
"Who May Want to Invest" on page 3.
6. Insurance company employee benefit plan programs that (i) charge an
asset-based fee and (ii) will have at least $1 million invested in the
Institutional Class of the Advisor funds. Insurance company employee
benefit plan programs include such programs offered by a broker-dealer
affiliate of an insurance company, provided that the affiliate is not
a part of an organization primarily engaged in the brokerage business.
The following information replaces similar information found in "Who
May Want to Invest" on page 3.
For purchase made by managed account programs, insurance company
separate accounts or insurance company employee benefit plan programs,
FDC reserves the right to waive the requirement that $1 million be
invested in the Institutional Class of the Advisor funds. Employee
benefit plan investors must meet additional requirements specified in
the funds' SAI.
The following information replaces similar information for TECHNOQUANT
GROWTH AND LARGE CAP found in "Expenses" beginning on page 4.
EXPENSE TABLE EXAMPLE: You would pay the following amount in total
expenses on a $1,000 investment in Institutional Class shares of a
fund, assuming a 5% annual return and full redemption at the end of
each time period. Total expenses shown on the next page include any
shareholder transaction expenses and Institutional Class's annual
operating expenses.
EQUITY FUNDS
OPERATING EXPENSES EXAMPLES
TECHNOQUANT MANAGEMENT FEE 0.60% 1 YEAR $ 11
GROWTH
12B-1 FEE NONE 3 YEARS $ 33
OTHER EXPENSES 0.45% 5 YEARS $ 58
(AFTER
REIMBURSEMENT)
TOTAL OPERATING 1.05% 10 YEARS $ 128
EXPENSES
LARGE CAP MANAGEMENT FEE 0.60% 1 YEAR $ 11
12B-1 FEE NONE 3 YEARS $ 33
OTHER EXPENSES 0.45% 5 YEARS $ 58
(AFTER
REIMBURSEMENT)
TOTAL OPERATING 1.05% 10 YEARS $ 128
EXPENSES
The following information replaces similar information for STRATEGIC
INCOME and INTERMEDIATE MUNICIPAL INCOME found in "Expenses" on page
6.
TAXABLE INCOME FUNDS
OPERATING EXPENSES EXAMPLES
STRATEGIC INCOME MANAGEMENT FEE 0.59% 1 YEAR $ 12
12B-1 FEE NONE 3 YEARS $ 38
OTHER EXPENSES 0.62% 5 YEARS $ 66
TOTAL OPERATING 1.21% 10 YEARS $ 147
EXPENSES
MUNICIPAL FUNDS
INTERMEDIATE MUNICIPAL MANAGEMENT FEE 0.39% 1 YEAR $ 7
INCOME
12B-1 FEE NONE 3 YEARS $ 22
OTHER EXPENSES 0.31% 5 YEARS $ 39
(AFTER
REIMBURSEMENT)
TOTAL OPERATING 0.70% 10 YEARS $ 87
EXPENSES
THESE EXAMPLES ILLUSTRATE THE EFFECT OF EXPENSES, BUT ARE NOT MEANT TO
SUGGEST ACTUAL OR EXPECTED EXPENSES OR RETURNS, ALL OF WHICH MAY VARY.
The following information replaces similar information found in
"Expenses" on page 7.
A portion of the brokerage commissions that certain of the funds pay
is used to reduce fund expenses. In addition, certain funds have
entered into arrangements with their custodian and transfer agent
whereby credits realized as a result of uninvested cash balances are
used to reduce custodian and transfer agent expenses. Including these
reductions, the total Institutional Class operating expenses presented
in the preceding tables would have been:
INSTITUTIONAL CLASS
MID CAP 0.84%
EQUITY GROWTH 0.75%
GROWTH OPPORTUNITIES 0.65%
STRATEGIC OPPORTUNITIES 1.05%
LARGE CAP 1.02%
EQUITY INCOME 0.67%
STRATEGIC INCOME 1.20%
FMR has voluntarily agreed to reimburse the Institutional Class of
each fund to the extent that total operating expenses, as a percentage
of their respective average net assets, exceed the following rates:
EFFECTIVE
DATE
TECHNOQUANT GROWTH 1.05% 12/1/98
LARGE CAP 1.05% 12/1/98
MORTGAGE SECURITIES 0.75% 3/1/97
GOVERNMENT INVESTMENT 0.75% 7/1/95
INTERMEDIATE BOND 0.75% 7/1/95
SHORT FIXED-INCOME 0.75% 8/30/96
MUNICIPAL INCOME 0.75% 7/1/95
INTERMEDIATE MUNICIPAL INCOME 0.70% 12/1/98
If these agreements were not in effect, other expenses and total
operating expenses of the Institutional Class of each fund, as a
percentage of average net assets, would have been the following
amounts:
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
OTHER EXPENSES TOTAL OPERATING
EXPENSES
TECHNOQUANT GROWTH 3.84% 4.44%
LARGE CAP 0.55% 1.15%
MORTGAGE SECURITIES 0.69%[A] 1.13%[A]
GOVERNMENT INVESTMENT 0.34% 0.78%
SHORT FIXED-INCOME 0.58% 1.02%
MUNICIPAL INCOME 1.56% 1.95%
INTERMEDIATE MUNICIPAL INCOME 0.58% 0.97%
SHORT-INTERMEDIATE MUNICIPAL INCOME 3.84% 4.23%
</TABLE>
[A] BASED ON ESTIMATED EXPENSES FOR FIRST YEAR.
The following information replaces the third paragraph under the
heading "FMR and Its Affiliates" in the "Charter" section on page 22.
Beginning January 1, 1999, Fidelity Investments Money Management, Inc.
(FIMM), located in Merrimack, New Hampshire, will select certain types
of investments for Balanced and Strategic Income. Beginning January 1,
1999, FIMM will have primary responsibility for providing investment
management services for Mortgage Securities, Government Investment,
Intermediate Bond, Short Fixed-Income, Municipal Income, Intermediate
Municipal Income, and Short-Intermediate Municipal Income.
The following information replaces the biographical information for
John H. Carlson and Brian Hogan found in the "Charter" section on
pages 22 and 23.
John Carlson is Vice President and lead manager of Advisor Strategic
Income, which he has managed since August 1995. He also manages the
emerging markets investments of Advisor Strategic Income and manages
other Fidelity funds. Prior to joining Fidelity in 1995, Mr. Carlson
was executive director of emerging markets at Lehman Brothers
International from 1992 through 1995.
The following information replaces similar information found under the
heading "FMR and Its Affiliates" in the "Charter" section beginning on
page 22.
John Avery is lead manager of Advisor Balanced, which he has managed
since January 1998; he had been associate manager of the fund since
September 1997. He also manages another Fidelity fund. Mr. Avery
joined Fidelity in 1995 as an analyst. Previously, he was an analyst
for Putnam Investments from 1993 to 1994.
Kevin Grant is Vice President and manager of Advisor Balanced,
Advisor Strategic Income, and Advisor Intermediate Bond, which he has
managed since March 1996, December 1998, and October 1995,
respectively. Mr. Grant manages the fixed-income investments for
Advisor Balanced and the domestic investment-grade and U.S. Government
investments for Advisor Strategic Income. He also manages several
other Fidelity funds. Prior to joining Fidelity in 1993, as a
portfolio manager.
Thomas Silvia is Vice President and manager of Advisor Mortgage
Securities and Advisor Government Investment which he has managed
since October 1997 and December 1998, respectively. He was a
co-manager of Advisor Mortgage Securities since February 1997. He also
manages other Fidelity funds. Mr. Silvia joined Fidelity as a senior
mortgage trader in 1993. Previously, he was a quantitative analyst
with Donaldson, Lufkin & Jenrette in New York from 1990 to 1993.
Ian Spreadbury is manager of Advisor Strategic Income's foreign bond
investments, which he has managed since May 1998. He also co-manages
another Fidelity fund. Additionally, Mr. Spreadbury is a director of
fixed income and a portfolio manager for Fidelity International,
Limited (FIL). Prior to joining Fidelity in 1995, Mr. Spreadbury was a
senior manager with Legal & General, Limited, from 1981 to 1995.
Christine Thompson is Vice President and manager of Advisor Municipal
Income, which she has managed since July 1998. She also manages
several other Fidelity funds. Since joining Fidelity in 1985, Ms.
Thompson has worked as a senior analyst and portfolio manager.
The following information replaces the last paragraph found under the
heading "FMR and Its Affiliates" in the "Charter" section on page 24.
FMR may allocate brokerage transactions to its broker-dealer
affiliates and in a manner that takes into account the sale of shares
of Fidelity Advisor Funds, provided that the fund receives brokerage
services and commission rates comparable to those of other
broker-dealers.
The following information replaces the second and fourth paragraphs,
respectively, under the heading "Strategic Income Fund" in "Investment
Principles and Risks" on page 26.
The fund invests primarily in debt securities including lower-quality
securities, allocated among four general investment categories: high
yield securities, U.S. Government and investment-grade securities,
emerging market securities, and foreign developed market securities.
The fund's neutral mix, or the benchmark for its combination of
investments in each category over time, is approximately 40% high
yield, 30% U.S. Government and investment-grade, 15% emerging markets
and 15% foreign developed markets. The fund also may invest a portion
of its assets in convertible securities and common and preferred
stocks.
The HIGH YIELD category includes high-yielding, lower-quality
securities consisting mainly of U.S. securities. The U.S. GOVERNMENT
AND INVESTMENT-GRADE category includes mortgage securities, U.S.
Government securities, government agency securities and other U.S.
dollar-denominated securities of investment-grade quality. The
EMERGING MARKET category includes corporate and governmental
securities of any quality of issuers located in emerging markets. The
FOREIGN DEVELOPED MARKET category includes corporate and governmental
securities of any quality of issuers located in developed foreign
markets. These investment categories are only general guidelines, and
FMR may use its judgment as to which category an investment falls
within. The fund may also make investments that do not fall within
these categories.
The following information replaces the "Restrictions" found under the
heading "Equity Securities" in the "Investment Principles and Risks"
section on page 29.
RESTRICTIONS: With respect to 75% of its total assets, each of the
Equity Funds, High Yield, Mortgage Securities, Government Investment,
Intermediate Bond, Short Fixed-Income, Municipal Income, and
Intermediate Municipal Income may not purchase more than 10% of the
outstanding voting securities of a single issuer. For TechnoQuant
Growth, Mid Cap, Equity Growth, Growth Opportunities, Strategic
Opportunities, Large Cap, Growth & Income, and Equity Income, this
limitation does not apply to securities of other investment companies.
The following information replaces the similar information found under
the heading "Diversification" in the "Investment Principles and Risks"
section on page 32.
RESTRICTIONS: With respect to 75% of its total assets, each of the
Equity Funds, High Yield, Mortgage Securities, Government Investment,
Intermediate Bond, Short Fixed-Income, Municipal Income, and
Intermediate Municipal Income may not purchase a security if, as a
result, more than 5% would be invested in the securities of any
issuer. This limitation does not apply to U.S. Government securities
or, for TechnoQuant Growth, Mid Cap, Equity Growth, Growth
Opportunities, Strategic Opportunities, Large Cap, Growth & Income,
and Equity Income, to securities of other investment companies.
The following information replaces the similar information found under
the heading "Fundamental Investment Policies and Restrictions" in the
"Investment Principles and Risks" section on page 33.
With respect to 75% of its total assets, each of the Equity Funds,
High Yield, Mortgage Securities, Government Investment, Intermediate
Bond, Short Fixed-Income, Municipal Income, and Intermediate Municipal
Income may not purchase a security if, as a result, more than 5% would
be invested in the securities of any one issuer and may not purchase
more than 10% of the outstanding voting securities of a single issuer.
These limitations do not apply to U.S. Government securities or, for
TechnoQuant Growth, Mid Cap, Equity Growth, Growth Opportunities,
Strategic Opportunities, Large Cap, Growth & Income, and Equity
Income, to securities of other investment companies.
The following information replaces the first three paragraphs found
under the heading "Management Fee" in the "Charter" section on page
34.
MANAGEMENT FEE
The management fee is calculated and paid to FMR every month.
For each of TechnoQuant Growth, Mid Cap, Equity Growth, Large Cap,
Growth & Income, Equity Income, Balanced, High Yield, Strategic
Income, Mortgage Securities, Government Investment, Intermediate Bond,
Short Fixed-Income, Municipal Income, Intermediate Municipal Income,
and Short-Intermediate Municipal Income, the fee is calculated by
adding a group fee rate to an individual fund fee rate, multiplying
the result by the fund's monthly average net assets, and dividing by
twelve.
The following information replaces similar information found under the
heading"Management Fee" in the "Breakdown of Expenses" section on page
34.
The group fee rate is based on the average net assets of all the
mutual funds advised by FMR. This rate cannot rise above 0.52% for
TechnoQuant Growth, Mid Cap, Equity Growth, Growth Opportunities,
Strategic Opportunities, Large Cap, Growth & Income, Equity Income,
and Balanced or 0.37% for High Yield, Strategic Income, Mortgage
Securities, Government Investment, Intermediate Bond, Short
Fixed-Income, Municipal Income, Intermediate Municipal Income, and
Short-Intermediate Municipal Income, and it drops as total assets
under management increase. For December 1997, the group fee rate for
the Equity Funds was 0.29%, and the group fee rate for the Bond Funds,
the Intermediate-Term Bond Funds, and the Short-Term Bond Funds was
0.14%.
The individual fund fee rates for each of TechnoQuant Growth, Mid Cap,
Equity Growth, Growth Opportunities, Strategic Opportunities, Large
Cap, Mortgage Securities, Government Investment, Intermediate Bond,
and Short Fixed-Income is 0.30%. The individual fund fee rate for each
of Growth & Income and Equity Income is 0.20%. The individual fund fee
rate for Balanced is 0.15%. The individual fund fee rate for each of
High Yield and Strategic Income is 0.45%. The individual fund fee rate
for each of Municipal Income, Intermediate Municipal Income, and
Short-Intermediate Municipal Income is 0.25%.
The following information replaces similar information found in "How
to Buy Shares" on page 38.
MINIMUM INVESTMENTS
TO OPEN AN ACCOUNT $2,500
For certain Fidelity Advisor retirement accounts(double dagger) $500
Through regular investment plans* $100
TO ADD TO AN ACCOUNT $100
MINIMUM BALANCE $1,000
For certain Fidelity Advisor retirement accounts(double dagger) None
(double dagger)THESE LOWER MINIMUMS APPLY TO FIDELITY TRADITIONAL IRA,
ROTH IRA, ROTH CONVERSION IRA, ROLLOVER IRA, SEP-IRA, AND KEOGH
ACCOUNTS.
*AN ACCOUNT MAY BE OPENED WITH A MINIMUM OF $100, PROVIDED THAT A
REGULAR INVESTMENT PLAN IS ESTABLISHED AT THE TIME THE ACCOUNT IS
OPENED. FOR MORE INFORMATION ABOUT REGULAR INVESTMENT PLANS, PLEASE
REFER TO "INVESTOR SERVICES," PAGE 41.
The following information replaces similar information found in
"Investor Services" on page 41.
REGULAR INVESTMENT PLANS
FIDELITY ADVISOR SYSTEMATIC INVESTMENT PROGRAM
TO MOVE MONEY FROM YOUR BANK ACCOUNT TO A FIDELITY ADVISOR FUND
MINIMUM INITIAL
$100
