FIDELITY ADVISOR SERIES V
DEFA14A, 1997-05-22
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FIDELITY ADVISOR STRATEGIC OPPORTUNITIES FUND, FIDELITY ADVISOR STRATEGIC
INCOME FUND, FIDELITY ADVISOR EMERGING MARKETS INCOME FUND, FIDELITY
ADVISOR NATURAL RESOURCES FUND
 
Telephone Voting Script
Introduction
HELLO, MR./MS. (SHAREHOLDER).  MY NAME IS ___________.  I AM CALLING ON
BEHALF OF FIDELITY INVESTMENTS FOLLOWING UP ON A RECENT PROXY MAILING THEY
SENT YOU REGARDING THE ______ (FOUR OPTIONS HERE: FIDELITY ADVISOR
STRATEGIC OPPORTUNITIES FUND, FIDELITY ADVISOR STRATEGIC INCOME FUND,
FIDELITY EMERGING MARKETS INCOME FUND, FIDELITY ADVISOR NATURAL RESOURCES
FUND ).  I'M ASSISTING FIDELITY IN CONNECTION WITH THE PROXY VOTE TO
APPROVE SEVERAL IMPORTANT PROPOSALS THAT AFFECT THE FUND AND YOUR
INVESTMENT IN IT.   I AM CALLING YOU TO ENCOURAGE YOU TO VOTE YOUR PROXY IF
YOU HAVE NOT YET DONE SO.
HAVE YOU RECEIVED THE ______ (FOUR OPTIONS: FIDELITY ADVISOR STRATEGIC
OPPORTUNITIES FUND, FIDELITY ADVISOR STRATEGIC INCOME FUND, FIDELITY
EMERGING MARKETS INCOME FUND, FIDELITY ADVISOR NATURAL RESOURCES FUND)
PROXY MATERIAL?  THE PACKAGE WAS DATED EARLY MAY.  (Describe the mailings
to the shareholder if he/she does not recall it ==> 8"x11" envelope
(Natural Resources proxy material is in a "6x9" envelope) with yellow and
black bar down the side.)
If NO: Confirm shareholder's address for the purpose of sending proxy
materials.  
Q:  COULD I PLEASE CONFIRM YOUR ADDRESS FOR THE PURPOSE OF SENDING PROXY
MATERIALS TO YOU?
(If address is incorrect, please write down correct address at end of
script under "Comments" and forward to Fidelity.)
Tell the shareholder that a new package will be mailed to him/her.  Ask the
shareholder to review the material upon receipt and vote his/her shares by
signing, dating and mailing the proxy card in the return envelope provided,
before the shareholder meeting June 18, 1997.  Inform the shareholder that
if he/she wishes to vote by fax, he/she may do so.  Thank the shareholder
for his/ her time.  (End phone call.)
I WILL HAVE A NEW PROXY PACKAGE MAILED TO YOU.  PLEASE REVIEW THE MATERIAL
WHEN YOU RECEIVE IT AND VOTE YOUR SHARES BY SIGNING, DATING AND MAILING THE
PROXY CARD IN THE RETURN ENVELOPE PROVIDED, TO ENSURE THAT YOUR VOTE IS
COUNTED AT THE SHAREHOLDER MEETING SCHEDULED FOR JUNE 18TH (9:00 am for
Advisor VIII and 9:45 am for Advisor V, in case someone asks the time).  IF
YOU WOULD LIKE TO VOTE BY FAX, YOU MAY FAX YOUR SIGNED PROXY CARD TO
617-871-2569.  THANK YOU FOR YOUR TIME THIS EVENING.  (End call.)
If YES: Q:  HAVE YOU REVIEWED THE MATERIAL?
If NO: PLEASE REVIEW THE MATERIAL AT YOUR EARLIEST CONVENIENCE AND VOTE
YOUR SHARES BY SIGNING, DATING AND MAILING THE PROXY CARD IN THE RETURN
ENVELOPE PROVIDED, TO ENSURE THAT YOUR VOTE IS COUNTED AT THE SHAREHOLDER
MEETING SCHEDULED ON JUNE 18.  IF YOU WOULD LIKE TO VOTE BY FAX, YOU MAY
FAX BOTH SIDES OF YOUR SIGNED PROXY CARD TO 617-871-2569.
If YES: DO YOU HAVE ANY QUESTIONS?
If YES: Only answer questions using the proxy material.  (See attached list
of approved Q&A).  (DO NOT GUESS).  If the shareholder has questions that
are account-specific and outside the scope of the proxy statement, ask if
they would like to be transferred to a Fidelity representative.
If YES: Conference in Fidelity at 1-800-522-7297, introduce the customer,
and transfer the call. (End call.)
 I'D BE GLAD TO TRANSFER YOU TO A FIDELITY REPRESENTATIVE RIGHT NOW TO HELP
ANSWER YOUR QUESTIONS.  PLEASE HOLD WHILE I CALL FIDELITY.  (Once Fidelity
rep answers and customer is still on hold ==>  THIS IS ______FROM DF KING. 
WE ARE ASSISTING FIDELITY IN CALLING  ________ (FOUR OPTIONS: FIDELITY
ADVISOR STRATEGIC OPPORTUNITIES FUND, FIDELITY ADVISOR STRATEGIC INCOME
FUND, FIDELITY EMERGING MARKETS INCOME FUND, FIDELITY ADVISOR NATURAL
RESOURCES FUND) SHAREHOLDERS TO ENCOURAGE THEM TO VOTE THE PROXY THAT WAS
RECENTLY MAILED TO THEM.  I HAVE A SHAREHOLDER ON HOLD AND THEY HAVE
FURTHER QUESTIONS I AM UNABLE TO ANSWER.  COULD YOU PLEASE SPEAK TO
HIM/HER?  (Then conference call in customer and introduce customer to
Fidelity rep ==>  HELLO, MR./MS. ______, I HAVE ________ FROM FIDELITY ON
THE LINE AND HE/SHE'LL BE HAPPY TO HELP ANSWER YOUR QUESTIONS.  THANK YOU. 
(Transfer customer and end call.)
If NO: Politely refer them to Fidelity at 1-800-522-7297.  Thank the
shareholder for his/ her time. (End phone call.) 
If shareholder sounds hostile: 
 Thank the shareholder for his/her time. (End phone call.)
 OKAY, I WILL GIVE YOU FIDELITY'S PHONE NUMBER IN CASE YOU'D LIKE TO 
 CALL THEM AT ANOTHER TIME.  THE PHONE NUMBER IS 1-800-522-7297.  
 THANK YOU FOR YOUR TIME THIS EVENING. (End call.)
If not hostile:  After answering all questions, offer the shareholder the
opportunity to vote by telephone.  Let the shareholder know that you will
be recording the next part of the call, to ensure accuracy in his/her vote. 
Confirm the shareholder's identity by having him/her repeat his/her full
name, address and the last 4 digits of his/her social security number. 
Record the shareholder's vote on the proposal.
 If the shareholder asks how the Board of Trustees voted, 
 inform him/her that the Board of Trustees recommends a vote in favor of
the proposals.  
  
 Inform the shareholder that a confirmation letter will be sent to him/her,
with a phone number to call if an error was made in recording his/her vote,
or if he/she wishes to change his/her vote for any reason.  Thank the
shareholder for his/her time, and end the phone call.
   
 TO FACILITATE YOUR VOTING OF THE PROXY, YOU CAN VOTE BY TELEPHONE.  IF YOU
WOULD LIKE TO VOTE BY TELEPHONE, THE NEXT PART OF OUR CALL WILL BE
RECORDED.  THIS IS TO ENSURE THE ACCURACY OF YOUR VOTE.  ALSO, WE WILL BE
SENDING YOU A CONFIRMATION LETTER FOR YOUR RECORDS WITH A PHONE NUMBER TO
CALL IN CASE ANY ERROR WAS MADE IN RECORDING YOUR VOTE, OR IF YOU WISH TO
CHANGE YOUR VOTE FOR ANY REASON.
 WOULD YOU LIKE TO VOTE BY TELEPHONE?
  If NO: Politely refer him/her to Fidelity at 1-800-522-7297.  (end call)
  If YES: Confirm the shareholder's identity by having him/her repeat their
full name, address and the last 4 digits of his/her social security number.
Record the shareholder's vote on the proposal(s).
  COULD I PLEASE HAVE THE LAST FOUR DIGITS OF YOUR SOCIAL SECURITY NUMBER? 
(If it doesn't match, ask for the last four digits of the social security
number on the account.) 
 (If customer does not feel comfortable giving any part of his/her social
security number, empathize and say that we require identification through
this method to take a vote over the phone.  If the customer is still
uncomfortable, explain that while you cannot take the vote over the phone,
you can mail him/her proxy materials and they can vote by mail.)
 I UNDERSTAND THAT YOU MAY FEEL UNCOMFORTABLE GIVING PART OF YOUR SOCIAL
SECURITY NUMBER OVER THE PHONE.  IT IS PART OF OUR REQUIRED PROCEDURES,
HOWEVER, TO ENSURE PROPER IDENTIFICATION BEFORE WE TAKE ANY VOTES OVER THE
PHONE.  IS THIS OK WITH YOU?  (If customer agrees, proceed with vote. If
customer doesn't agree, offer to send proxy materials.)
 
 AGREES TO GIVE LAST FOUR DIGITS OF SSN:
 NOW I WILL READ YOU THE PROPOSALS AND ASK YOU WHETHER YOU VOTE "FOR",
"AGAINST", OR "ABSTAIN." (TWO OPTIONS):
FIDELITY ADVISOR STRATEGIC OPPORTUNITIES FUND, FIDELITY ADVISOR STRATEGIC
INCOME FUND, FIDELITY ADVISOR EMERGING MARKETS INCOME FUND
    Please see the following grid for the applicable proposals to each fund
and share
    class.
 
<TABLE>
<CAPTION>
<S>   <C>                                          <C>                                     <C>                         
      FIDELITY ADVISOR                             FIDELITY ADVISOR                        FIDELITY ADVISOR EMERGING   
      STRATEGIC OPPORTUNITIES FUND                 STRATEGIC INCOME FUND                   MARKETS INCOME FUND         
 
</TABLE>
<TABLE>
<CAPTION>
<S><C>    <C>     <C>     <C>       <C>             <C>     <C>     <C>     <C>             <C>     <C>     <C>     <C>             
  Class   Class   Class   Initial   Institutional   Class   Class   Class   Institutional   Class   Class   Class   Institutional 
  A       B       T       Class     Class           A       B       T       Class           A       B       T       Class        
 
(1) To elect a board of              
  X       X       X       X         X               X       X       X       X               X       X       X       X               
Trustees                          
 
(2) To ratify the selection of       
  X       X       X       X         X               X       X       X       X               X       X       X       X               
Coopers & Lybrand L.L.P. as       
independent accountants of        
the trust                  
 
(3) To amend the Declaration         
  X       X       X       X         X               X       X       X       X               X       X       X       X               
of Trust to provide               
dollar-based voting rights for    
shareholders of the trust          
 
(4) To amend the Declaration         
  X       X       X       X         X               X       X       X       X               X       X       X       X               
of Trust regarding shareholder    
notification of appointment of    
Trustees                          
 
(5) To amend the Declaration         
  X       X       X       X         X               X       X       X       X               X       X       X       X               
of Trust to provide each fund       
with the ability to invest all of   
its assets in another open-end      
investment company with           
substantially the same             
investment objective and          
policies                          
 
</TABLE>
 
 
<TABLE>
<CAPTION>
<S>   <C>                                            <C>                                      <C>                         
      FIDELITY ADVISOR                               FIDELITY ADVISOR                         FIDELITY ADVISOR EMERGING   
      STRATEGIC OPPORTUNITIES FUND                   STRATEGIC INCOME FUND                    MARKETS INCOME FUND         
 
</TABLE>
<TABLE>
<CAPTION>
<S><C>     <C>     <C>     <C>       <C>             <C>     <C>     <C>     <C>             <C>     <C>     <C>     <C>            
 
  Class   Class   Class   Initial   Institutional   Class   Class   Class   Institutional   Class   Class   Class   Institutional   
  A       B       T       Class     Class           A       B       T       Class           A       B       T       Class           
 
(6) To adopt a new                 
  X       X       X       X         X                                                                                               
fundamental investment policy    
for Strategic Opportunities     
Fund to permit the fund to      
invest all of its assets in     
another open-end investment     
company with substantially      
the same investment objective   
and policies                    
 
(7) To approve an amended          
  X       X       X       X         X                                                                                               
management contract for        
Strategic Opportunities Fund 
 
(8) To approve an amended                           X       X       X       X                                                       
management contract for                             
Strategic Income Fund                               
 
(9) To approve an amended                                                                   X       X       X       X               
management contract for          
Emerging Markets Income         
Fund                            
 
(10) To approve an amended         
  X       X       X       X         X                                                                                               
Sub-Advisory Agreement           
between Strategic               
Opportunities Fund and FMR      
Far East                        
 
(11) To approve an amended         
  X       X       X       X         X                                                                                               
Sub-Advisory Agreement          
between Strategic               
Opportunities Fund and FMR      
U.K.                            
 
(12) To amend the Class B                  
          X                                                                                         X                               
Distribution and Service Plan   
for Strategic Opportunities     
Fund and Emerging Markets       
Income Fund                      
 
(13) To amend the Class T                          
                  X                                                                                         X                       
Distribution and Service Plan  
for Strategic Opportunities     
Fund and Emerging Markets       
Income Fund                     
 
(14) To approve an agreement       
  X       X       X       X         X                                                                                               
and plan providing for the     
reorganization of Strategic     
Opportunities Fund              
 
(15) To approve an agreement                        X       X       X       X                                                       
and plan providing for the                          
reorganization of Strategic                         
Income Fund                                         
 
(16) To amend the                  
  X       X       X       X         X                                                                                               
fundamental investment            
limitation on diversification      
for Strategic Opportunities       
Fund to permit increased          
investment in the securities of   
any single issuer                 
 
(17) To amend Strategic            
  X       X       X       X         X                                                                                               
Opportunities Fund's            
fundamental investment          
limitation concerning           
diversification to exclude       
investments in other            
investment companies from       
the limtation                   
 
(18) To amend the                  
X         X       X       X         X                                                   
fundamental investment                                                                                 
limitation concerning real                                                                             
estate for Strategic                                                                                   
Opportunities Fund                                                                                     
 
(19) To amend Strategic            
X         X       X       X         X                                                   
Opportunities Fund's                                                                                   
fundamental investment                                                                                 
limitation concerning senior                                                                           
securities                                                                                             
 
(20) To eliminate Strategic        
X         X       X       X         X                                                   
Opportunities Fund's                                                                                   
fundamental investment                                                                                 
limitation concerning short                                                                            
sales of securities and replace                                                                        
it with a similar                                                                                      
non-fundamental investment                                                                             
limitation                                                                                             
 
(21) To eliminate Strategic      
X         X       X       X         X           
Opportunities Fund's                                                                                   
fundamental investment                                                                                 
limitation concerning margin                                                                           
purchases and replace it with a                                                                        
similar non-fundamental                                                                                
investment limitation                                                                                  
 
(22)  To amend Strategic           
X         X       X       X         X           
Opportunities Fund's                                                                                   
fundamental investment                                                                                 
limitation concerning                                                                                  
borrowing                                                                                              
 
(23) To amend Strategic   
X         X       X       X         X                                                                
Opportunities Fund's                                                                                   
fundamental investment                                                                                 
limitation concerning the                                                                              
underwriting of securities                                                                             
 
(24) To amend Strategic  
X         X       X       X         X                                                                    
Opportunities Fund's                                                                                   
fundamental investment                                                                                 
limitation concerning the                                                                              
concentration of its                                                                                   
investments in a single                                                                                
industry                                                                                               
 
(25) To emend Strategic      
X         X       X       X         X    
Opportunities Fund's                                                                                   
fundamental investment                                                                                 
limitation concerning lending                                                                          
 
(26) To eliminate Strategic 
X         X       X       X         X   
Opportunities Fund's                                                                                   
fundamental investment                                                                                 
limitation concerning                                                                                  
investments in other                                                                                   
investment companies                                                                                   
 
(27) To eliminate Strategic      
X         X       X       X         X   
Opportunities Fund's                                                                                   
fundamental investment                                                                                 
limitation concerning                                                                                  
investing in oil, gas, and                                                                             
mineral exploration programs                                                                           
 
(28) To eliminate Strategic    
X         X       X       X         X     
Opportunities Fund's                                                                                   
fundamental investment                                                                                 
limitation concerning                                                                                  
investments in securities of                                                                           
newly-formed issuers.                                                                                  
 
</TABLE>
 
FIDELITY ADVISOR NATURAL RESOURCES FUND
THE PROPOSALS ARE "(1) TO APPROVE AN AMENDED MANAGEMENT CONTRACT FOR THE
FUND; (2) TO AMEND THE FUND'S FUNDAMENTAL INVESTMENT LIMITATION CONCERNING
THE CONCENTRATION OF ITS INVESTMENTS IN A SINGLE INDUSTRY; (3) TO ELIMINATE
THE FUND'S FUNDAMENTAL INVESTMENT LIMITATION CONCERNING DIVERSIFICATION AND
TO CHANGE THE FUND'S CLASSIFICATION TO A NON-DIVERSIFIED FUND; (4) TO
APPROVE AN AGREEMENT AND PLAN OF REORGANIZATION OF THE FUND FROM A SEPARATE
SERIES OF ONE MASSACHUSETTS BUSINESS TRUST TO ANOTHER."  DO YOU VOTE "FOR,"
"AGAINST" OR "ABSTAIN?"
 THANK YOU.  AS I MENTIONED, I'LL BE SURE TO SEND A CONFIRMATION OF YOUR
VOTE TO YOU BY MAIL.   THANKS FOR YOUR TIME THIS EVENING. (End call.)
 DOES NOT AGREE TO GIVE LAST FOUR DIGITS OF SSN:  UNFORTUNATELY, I WILL NOT
BE ABLE TO TAKE YOUR VOTE OVER THE PHONE.  WHAT I CAN DO IS HAVE A NEW
PROXY PACKAGE MAILED TO YOU.  PLEASE REVIEW THE MATERIAL WHEN YOU RECEIVE
IT AND VOTE YOUR SHARES BY SIGNING, AND MAILING THE PROXY CARD IN THE
RETURN ENVELOPE PROVIDED, TO ENSURE THAT YOUR VOTE IS COUNTED AT THE
SHAREHOLDER MEETING SCHEDULED FOR JUNE 18TH.  IF YOU WOULD LIKE TO VOTE BY
FAX, YOU MAY FAX THE FRONT AND BACK OF YOUR SIGNED PROXY CARD TO
617-871-2569.  THANK YOU FOR YOUR TIME THIS EVENING.  (End call.)
 
FIDELITY ADVISOR STRATEGIC OPPORTUNITIES FUND, FIDELITY ADVISOR STRATEGIC
INCOME FUND, FIDELITY ADVISOR EMERGING MARKETS INCOME FUND, 
FIDELITY ADVISOR NATURAL RESOURCES FUND
LOG SHEET
                                             Date__________________
                                             DF King Rep_________________
Address Correction
Social Security No.(record from database; do not ask shareholder)________
Shareholder Name_______________________________________________________
Street Address _________________________________________________________
City_________________________State_____________Zip Code_________________
Materials to Be Sent Advisor V Advisor VIII
Proxy Card Only ________ ____________ ___________
Full Proxy Kit  __________ ____________ ___________
Comments
Notable Shareholder Response____________________________________________
_____________________________________________________________________
_____________________________________________________________________
Other Comments________________________________________________________
______________________________________________________________________
______________________________________________________________________
Was Shareholder Transferred to Fidelity Representative?    
Yes_______No________
 
FIDELITY ADVISOR STRATEGIC OPPORTUNITIES FUND, FIDELITY ADVISOR STRATEGIC
INCOME FUND, FIDELITY ADVISOR EMERGING MARKETS INCOME FUND, 
FIDELITY ADVISOR NATURAL RESOURCES FUND
Script for Leaving a Message on an Answering Machine
HELLO, MR./MS. (SHAREHOLDER).  MY NAME IS ___________.  I AM CALLING ON
BEHALF OF FIDELITY INVESTMENTS FOLLOWING UP ON A RECENT PROXY MAILING THEY
SENT YOU REGARDING THE ______ (FOUR OPTIONS: FIDELITY ADVISOR STRATEGIC
OPPORTUNITIES FUND, FIDELITY ADVISOR STRATEGIC INCOME FUND, FIDELITY
EMERGING MARKETS INCOME FUND, FIDELITY ADVISOR NATURAL RESOURCES FUND). 
I'M ASSISTING FIDELITY IN CONNECTION WITH THE PROXY VOTE TO APPROVE SEVERAL
IMPORTANT PROPOSALS THAT AFFECT THE FUND AND YOUR INVESTMENT IN IT.
AS AN OWNER OF THE ______ (FOUR OPTIONS: FIDELITY ADVISOR STRATEGIC
OPPORTUNITIES FUND, FIDELITY ADVISOR STRATEGIC INCOME FUND, FIDELITY
EMERGING MARKETS INCOME FUND, FIDELITY ADVISOR NATURAL RESOURCES FUND), YOU
SHOULD HAVE RECEIVED PROXY MATERIALS IN THE MAIL.  AT YOUR EARLIEST
CONVENIENCE, PLEASE SIGN, DATE AND MAIL THE PROXY CARD IN THE RETURN
ENVELOPE PROVIDED TO YOU.  IF YOU HAVE ANY QUESTIONS ABOUT THE PROPOSALS OR
DID NOT RECEIVE ANY PROXY MATERIAL, PLEASE CALL ME AT 1-800-848-3155 . 
THANK YOU FOR YOUR TIME.
 
 



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