SUPPLEMENT TO THE
FIDELITY ADVISOR FUNDS CLASS A
PROSPECTUS
DATED JUNE 30, 1994
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 25.
Effective July 15, 1994, the following information
replaces the discussion of portfolio manager Peter
Allegrini found in the "THE TRUSTS AND THE FIDELITY
ORGANIZATION" section beginning on page 28.
Guy E. Wickwire is a vice president and manager of
Advisor High Income Municipal, Massachusetts Tax-Free
High Yield, and Insured Tax-Free. He assumed
responsibility for Massachusetts Tax-Free High Yield in
1983, Insured Tax-Free in 1993, and Advisor High
Income Municipal in July of 1994.
The following should appear on page 18 under the
heading, "Fidelity Advisor High Income Municipal
Fund:"
It is the policy of the Fund that under normal conditions
at least 80% of its net assets will be invested in municipal
obligations whose interest is not included in gross income
for purposes of calculating federal income tax.
As of November 19, 1994, purchases of Class A shares of
Fidelity Advisor Strategic Opportunities Fund are not
available through this prospectus. Class A Shares of
Strategic Opportunities Fund must be purchased from a
separate prospectus.
FACOMA-STK-111994-5
SUPPLEMENT TO THE
FIDELITY ADVISOR FUNDS CLASS A
PROSPECTUS
DATED JUNE 30, 1994
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 25.
Effective July 15, 1994, the following information
replaces the discussion of portfolio manager Peter
Allegrini found in the "THE TRUSTS AND THE FIDELITY
ORGANIZATION" section beginning on page 28.
Guy E. Wickwire is a vice president and manager of
Advisor High Income Municipal, Massachusetts Tax-Free
High Yield, and Insured Tax-Free. He assumed
responsibility for Massachusetts Tax-Free High Yield in
1983, Insured Tax-Free in 1993, and Advisor High
Income Municipal in July of 1994.
The following should appear on page 18 under the
heading, "Fidelity Advisor High Income Municipal
Fund:"
It is the policy of the Fund that under normal conditions
at least 80% of its net assets will be invested in municipal
obligations whose interest is not included in gross income
for purposes of calculating federal income tax.
As of November 19, 1994, purchases of Class A shares of
Fidelity Advisor Strategic Opportunities Fund are not
available through this prospectus. Class A Shares of
Strategic Opportunities Fund must be purchased from a
separate prospectus.
FACOMA-STK-111994-5
SUPPLEMENT TO THE
FIDELITY ADVISOR FUNDS CLASS A
PROSPECTUS
DATED JUNE 30, 1994
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 25.
Effective July 15, 1994, the following information
replaces the discussion of portfolio manager Peter
Allegrini found in the "THE TRUSTS AND THE FIDELITY
ORGANIZATION" section beginning on page 28.
Guy E. Wickwire is a vice president and manager of
Advisor High Income Municipal, Massachusetts Tax-Free
High Yield, and Insured Tax-Free. He assumed
responsibility for Massachusetts Tax-Free High Yield in
1983, Insured Tax-Free in 1993, and Advisor High
Income Municipal in July of 1994.
The following should appear on page 18 under the
heading, "Fidelity Advisor High Income Municipal
Fund:"
It is the policy of the Fund that under normal conditions
at least 80% of its net assets will be invested in municipal
obligations whose interest is not included in gross income
for purposes of calculating federal income tax.
As of November 19, 1994, purchases of Class A shares of
Fidelity Advisor Strategic Opportunities Fund are not
available through this prospectus. Class A Shares of
Strategic Opportunities Fund must be purchased from a
separate prospectus.
FACOMA-STK-111994-5
SUPPLEMENT TO THE
FIDELITY ADVISOR FUNDS CLASS A
PROSPECTUS
DATED JUNE 30, 1994
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 25.
Effective July 15, 1994, the following information
replaces the discussion of portfolio manager Peter
Allegrini found in the "THE TRUSTS AND THE FIDELITY
ORGANIZATION" section beginning on page 28.
Guy E. Wickwire is a vice president and manager of
Advisor High Income Municipal, Massachusetts Tax-Free
High Yield, and Insured Tax-Free. He assumed
responsibility for Massachusetts Tax-Free High Yield in
1983, Insured Tax-Free in 1993, and Advisor High
Income Municipal in July of 1994.
The following should appear on page 18 under the
heading, "Fidelity Advisor High Income Municipal
Fund:"
It is the policy of the Fund that under normal conditions
at least 80% of its net assets will be invested in municipal
obligations whose interest is not included in gross income
for purposes of calculating federal income tax.
As of November 19, 1994, purchases of Class A shares of
Fidelity Advisor Strategic Opportunities Fund are not
available through this prospectus. Class A Shares of
Strategic Opportunities Fund must be purchased from a
separate prospectus.
FACOMA-STK-111994-5
FACOMB-STK-111994-4
FACOMB-STK-111994-4
SUPPLEMENT TO THE
FIDELITY ADVISOR FUNDS CLASS A
PROSPECTUS
DATED JUNE 30, 1994
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 25.
Effective July 15, 1994, the following information
replaces the discussion of portfolio manager Peter
Allegrini found in the "THE TRUSTS AND THE FIDELITY
ORGANIZATION" section beginning on page 28.
Guy E. Wickwire is a vice president and manager of
Advisor High Income Municipal, Massachusetts Tax-Free
High Yield, and Insured Tax-Free. He assumed
responsibility for Massachusetts Tax-Free High Yield in
1983, Insured Tax-Free in 1993, and Advisor High
Income Municipal in July of 1994.
The following should appear on page 18 under the
heading, "Fidelity Advisor High Income Municipal
Fund:"
It is the policy of the Fund that under normal conditions
at least 80% of its net assets will be invested in municipal
obligations whose interest is not included in gross income
for purposes of calculating federal income tax.
As of November 19, 1994, purchases of Class A shares of
Fidelity Advisor Strategic Opportunities Fund are not
available through this prospectus. Class A Shares of
Strategic Opportunities Fund must be purchased from a
separate prospectus.
FACOMA-STK-111994-5
SUPPLEMENT TO THE
FIDELITY ADVISOR FUNDS CLASS A
PROSPECTUS
DATED JUNE 30, 1994
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 25.
Effective July 15, 1994, the following information
replaces the discussion of portfolio manager Peter
Allegrini found in the "THE TRUSTS AND THE FIDELITY
ORGANIZATION" section beginning on page 28.
Guy E. Wickwire is a vice president and manager of
Advisor High Income Municipal, Massachusetts Tax-Free
High Yield, and Insured Tax-Free. He assumed
responsibility for Massachusetts Tax-Free High Yield in
1983, Insured Tax-Free in 1993, and Advisor High
Income Municipal in July of 1994.
The following should appear on page 18 under the
heading, "Fidelity Advisor High Income Municipal
Fund:"
It is the policy of the Fund that under normal conditions
at least 80% of its net assets will be invested in municipal
obligations whose interest is not included in gross income
for purposes of calculating federal income tax.
As of November 19, 1994, purchases of Class A shares of
Fidelity Advisor Strategic Opportunities Fund are not
available through this prospectus. Class A Shares of
Strategic Opportunities Fund must be purchased from a
separate prospectus.
FACOMA-STK-111994-5
FACOMB-STK-111994-4
FACOMB-STK-111994-4
