FIDELITY ADVISOR SERIES V
497, 1995-08-23
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FIDELITY ADVISOR NEW YORK TAX-FREE FUND
CLASS A AND CLASS B
Supplement to the Prospectus
DATED AUGUST 21, 1995
In addition to the Class A load waivers  beginning on 
page 18, the following Class A load waivers are also 
available for purchases made through September 30, 
1995.
A FRONT-END SALES CHARGE WILL NOT APPLY TO THE FOLLOWING 
CLASS A SHARES:
 1. Purchased by a trust 
institution or bank trust 
department investing on its 
own behalf or on behalf of its 
clients;
 15. Purchased in an account for 
which a bank or 
broker-dealer charges an 
asset management fee, 
provided the bank or 
broker-dealer has an 
agreement with FDC;
 16. Purchased as part of an 
employee benefit plan 
having more than 200 
eligible employees or a 
minimum of $1 million of plan 
assets invested in Fidelity 
Advisor funds.
FIDELITY ADVISOR NEW YORK TAX-FREE FUND
CLASS A AND CLASS B
Supplement to the Prospectus
DATED AUGUST 21, 1995
In addition to the Class A load waivers  beginning on 
page 18, the following Class A load waivers are also 
available for purchases made through September 30, 
1995.
A FRONT-END SALES CHARGE WILL NOT APPLY TO THE FOLLOWING 
CLASS A SHARES:
 2. Purchased by a trust 
institution or bank trust 
department investing on its 
own behalf or on behalf of its 
clients;
 15. Purchased in an account for 
which a bank or 
broker-dealer charges an 
asset management fee, 
provided the bank or 
broker-dealer has an 
agreement with FDC;
 16. Purchased as part of an 
employee benefit plan 
having more than 200 
eligible employees or a 
minimum of $1 million of plan 
assets invested in Fidelity 
Advisor funds.
   
ANYAB-STK-0895  August 21, 1995
   
ANYAB-STK-0895  August 21, 1995
   
ANYAB-STK-0895  August 21, 1995
   
ANYAB-STK-0895  August 21, 1995
 
FIDELITY ADVISOR NEW YORK TAX-FREE FUND
CLASS A AND CLASS B
Supplement to the Prospectus
DATED AUGUST 21, 1995
In addition to the Class A load waivers  beginning on 
page 18, the following Class A load waivers are also 
available for purchases made through September 30, 
1995.
A FRONT-END SALES CHARGE WILL NOT APPLY TO THE FOLLOWING 
CLASS A SHARES:
 3. Purchased by a trust 
institution or bank trust 
department investing on its 
own behalf or on behalf of its 
clients;
 15. Purchased in an account for 
which a bank or 
broker-dealer charges an 
asset management fee, 
provided the bank or 
broker-dealer has an 
agreement with FDC;
 16. Purchased as part of an 
employee benefit plan 
having more than 200 
eligible employees or a 
minimum of $1 million of plan 
assets invested in Fidelity 
Advisor funds.
FIDELITY ADVISOR NEW YORK TAX-FREE FUND
CLASS A AND CLASS B
Supplement to the Prospectus
DATED AUGUST 21, 1995
In addition to the Class A load waivers  beginning on 
page 18, the following Class A load waivers are also 
available for purchases made through September 30, 
1995.
A FRONT-END SALES CHARGE WILL NOT APPLY TO THE FOLLOWING 
CLASS A SHARES:
 4. Purchased by a trust 
institution or bank trust 
department investing on its 
own behalf or on behalf of its 
clients;
 15. Purchased in an account for 
which a bank or 
broker-dealer charges an 
asset management fee, 
provided the bank or 
broker-dealer has an 
agreement with FDC;
 16. Purchased as part of an 
employee benefit plan 
having more than 200 
eligible employees or a 
minimum of $1 million of plan 
assets invested in Fidelity 
Advisor funds.
   
ANYAB-STK-0895  August 21, 1995
   
ANYAB-STK-0895  August 21, 1995
   
ANYAB-STK-0895  August 21, 1995
   
ANYAB-STK-0895  August 21, 1995



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