FIDELITY ADVISOR SERIES V
497, 1996-09-05
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SUPPLEMENT TO THE PROSPECTUS
FIDELITY ADVISOR FOCUS FUNDS
INSTITUTIONAL CLASS
DATED AUGUST 30, 1996
Effective until September 30, 1996, the following replaces the information
found in the "How to Sell Shares" section under the heading "Selling Shares
in Writing" on page 17:
   Deliver your letter to your investment professional, or mail it to the
following address:
Fidelity Investments Institutional Operations Company
P.O. Box 1182
Boston, MA 02103-1182    
 
SUPPLEMENT TO THE PROSPECTUS
FIDELITY ADVISOR FOCUS FUNDS
CLASS A AND CLASS T
DATED AUGUST 30, 1996
Effective until September 30, 1996, the following replaces the information
found in the "How to Sell Shares" section under the heading "Selling Shares
in Writing" on page 19:
   (medium solid bullet) If you purchased your shares through a bank
representative:
Fidelity Investments Institutional Operations Company
P.O. Box 1182
Boston, MA 02103-1182    



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