SUPPLEMENT TO THE
FIDELITY(registered trademark) ADVISOR GROWTH & INCOME FUND
INSTITUTIONAL CLASS
JANUARY 28, 2000
PROSPECTUS
Effective June 2000, the following information replaces similar
information in the "Fund Management" section on page 20.
John Avery is vice president and manager of Advisor Growth & Income,
which he has managed since June 2000. He also manages other Fidelity
funds. Mr. Avery joined Fidelity in 1995 as an analyst. Previously, he
was an analyst for Putnam Investments from 1993 to 1994.
SUPPLEMENT TO THE
FIDELITY(registered trademark) ADVISOR GROWTH & INCOME FUND
CLASS A, CLASS T,
CLASS B, AND CLASS C
JANUARY 28, 2000
PROSPECTUS
Effective June 2000, the following information replaces similar
information in the "Fund Management" section on page 23.
John Avery is vice president and manager of Advisor Growth &
Income, which he has managed since June 2000. He also manages other
Fidelity funds. Mr. Avery joined Fidelity in 1995 as an analyst.
Previously, he was an analyst for Putnam Investments from 1993 to
1994.
The following information replaces similar information in the "Fund
Distribution" section beginning on page 30.
REINSTATEMENT PRIVILEGE. If you have sold all or part of your Class A,
Class T, Class B or Class C shares of the fund, you may reinvest an
amount equal to all or a portion of the redemption proceeds in the
same class of the fund or another Fidelity Advisor fund, at the NAV
next determined after receipt in proper form of your investment order,
provided that such reinvestment is made within 90 days of redemption.
Under these circumstances, the dollar amount of the CDSC you paid, if
any, on shares will be reimbursed to you by reinvesting that amount in
Class A, Class T, Class B or Class C shares, as applicable. You must
reinstate your Class A, Class T, Class B or Class C shares into an
account with the same registration. This privilege may be exercised
only once by a shareholder with respect to the fund and certain
restrictions may apply. For purposes of the CDSC schedule, the holding
period will continue as if the Class A, Class T, Class B or Class C
shares had not been redeemed.
To qualify for the reinstatement privilege, you must notify Fidelity
in writing in advance of your reinvestment.
