<PAGE> PAGE 1
000 B000000 04/07/98
000 C000000 0000803013
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 FIDELITY ADVISOR SERIES V
001 B000000 811-4861
001 C000000 6037917486
002 A000000 82 DEVONSHIRE STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C010200 2
007 C010300 3
007 C020300 FIDELITY ADVISOR NY MUNICIPAL INCOME FUND
007 C030300 Y
007 C010400 4
007 C020400 FIDELITY ADVISOR CAL. MUNICIPAL INCOME FUND
007 C030400 Y
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
011 A00AA01 FIDELITY DISTRIBUTORS CORPORATION
011 B00AA01 8-8775
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02109
013 A00AA01 COOPERS AND LYBRAND L.L.P.
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 230
019 C00AA00 FIDELITYZZ
020 C000001 0
020 C000002 0
<PAGE> PAGE 2
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 LEHMAN BROTHERS, INC.
022 B000001 13-2518466
022 C000001 800
022 D000001 1574
022 A000002 FIDELITY NEW YORK INCOME FUND
022 B000002 04-2850005
022 C000002 0
022 D000002 1830
022 A000003 MORGAN (J.P.) SECURITIES, INC.
022 B000003 13-3224016
022 C000003 900
022 D000003 900
022 A000004 PAINE WEBBER INC.
022 B000004 13-2638166
022 C000004 300
022 D000004 1415
022 A000005 MERRIL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000005 13-5674085
022 C000005 800
022 D000005 854
022 A000006 GOLDMAN SACHS & CO.
022 B000006 13-5108880
022 C000006 1200
022 D000006 303
022 A000007 SMITH BARNEY SHEARSON, INC.
022 B000007 13-1912900
022 C000007 0
022 D000007 1379
022 A000008 SPARTAN CALIFORNIA MUNICIPAL INCOME FUND
022 B000008 04-3070870
022 C000008 0
022 D000008 863
022 A000009 FIRST ALBANY
022 B000009 00-0000000
022 C000009 200
022 D000009 569
022 A000010 SUTRO AND COMPANY, INC.
022 B000010 94-1704902
022 C000010 0
022 D000010 685
023 C000000 5600
023 D000000 19828
<PAGE> PAGE 3
026 A000000 Y
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 Y
026 G020000 N
026 H000000 Y
027 000000 Y
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 Y
041 00AA00 Y
045 00AA00 Y
046 00AA00 N
047 00AA00 N
048 00AA00 0.000
048 A01AA00 0
048 A02AA00 0.000
048 B01AA00 0
048 B02AA00 0.000
048 C01AA00 0
048 C02AA00 0.000
048 D01AA00 0
048 D02AA00 0.000
048 E01AA00 0
048 E02AA00 0.000
048 F01AA00 0
048 F02AA00 0.000
048 G01AA00 0
048 G02AA00 0.000
048 H01AA00 0
048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 0
048 K02AA00 0.000
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
<PAGE> PAGE 4
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
077 A000000 Y
077 B000000 N
077 C000000 Y
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A00AA00 AMERICAN INTERNATIONAL GROUP
080 B00AA00 FEDERAL INSURANCE CO.
080 C00AA00 220000
081 A00AA00 Y
081 B00AA00 225
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
008 A000301 FIDELITY MANAGEMENT & RESEARCH COMPANY
<PAGE> PAGE 5
008 B000301 A
008 C000301 801-7884
008 D010301 BOSTON
008 D020301 MA
008 D030301 02109
012 A000301 UMB BANK, NA
012 B000301 84-0000
012 C010301 KANSAS CITY
012 C020301 MO
012 C030301 64106
012 A000302 FIDELITY INVEST. INSTIT. OPERATIONS CO., INC.
012 B000302 84-00216
012 C010302 BOSTON
012 C020302 MA
012 C030302 02109
012 A000303 DELETE
014 A000301 FIDELITY BROKERAGE SERVICES, INC.
014 B000301 8-23292
014 A000302 FIDELITY DISTRIBUTORS CORPORATION
014 B000302 8-8775
014 A000303 FIDELITY BROKERAGE SERVICES
014 B000303 8-0000
014 A000304 NATIONAL FINANCIAL SERVICES CORP.
014 B000304 8-26740
015 A000301 UMB BANK, NA
015 B000301 C
015 C010301 KANSAS CITY
015 C020301 MO
015 C030301 64106
015 E010301 X
024 000300 N
028 A010300 0
028 A020300 17
028 A030300 0
028 A040300 1408
028 B010300 0
028 B020300 34
028 B030300 0
028 B040300 1542
028 C010300 0
028 C020300 9
028 C030300 0
028 C040300 1248
028 D010300 0
028 D020300 8
028 D030300 0
028 D040300 230
028 E010300 0
028 E020300 8
028 E030300 0
028 E040300 285
<PAGE> PAGE 6
028 F010300 0
028 F020300 0
028 F030300 0
028 F040300 3523
028 G010300 0
028 G020300 76
028 G030300 0
028 G040300 8236
028 H000300 0
029 000300 N
030 A000300 0
030 B000300 0.00
030 C000300 0.00
031 A000300 0
031 B000300 0
032 000300 0
033 000300 0
034 000300 Y
035 000300 0
036 A000300 N
036 B000300 0
042 A000300 0
042 B000300 0
042 C000300 100
042 D000300 0
042 E000300 0
042 F000300 0
042 G000300 0
042 H000300 0
043 000300 2
044 000300 0
049 000300 N
050 000300 N
051 000300 N
052 000300 Y
053 A000300 Y
053 B000300 Y
053 C000300 N
055 A000300 N
055 B000300 N
056 000300 Y
057 000300 N
058 A000300 N
059 000300 Y
060 A000300 N
060 B000300 N
061 000300 2500
062 A000300 Y
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
<PAGE> PAGE 7
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 0
063 B000300 0.0
064 A000300 N
064 B000300 N
066 A000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 N
070 B010300 N
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 Y
070 E020300 Y
070 F010300 N
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 N
<PAGE> PAGE 8
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 Y
070 Q010300 Y
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300 0
071 B000300 7012
071 C000300 4922
071 D000300 0
072 A000300 5
072 B000300 126
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 9
072 G000300 0
072 H000300 0
072 I000300 4
072 J000300 2
072 K000300 0
072 L000300 0
072 M000300 0
072 N000300 29
072 O000300 0
072 P000300 0
072 Q000300 27
072 R000300 13
072 S000300 4
072 T000300 2
072 U000300 0
072 V000300 15
072 W000300 5
072 X000300 101
072 Y000300 61
072 Z000300 86
072AA000300 0
072BB000300 0
072CC010300 0
072CC020300 375
072DD010300 63
072DD020300 12
072EE000300 25
073 A010300 0.0000
073 A020300 0.0000
073 B000300 0.0400
073 C000300 0.0000
074 A000300 0
074 B000300 0
<PAGE> PAGE 9
074 C000300 0
074 D000300 0
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 0
074 L000300 0
074 M000300 0
074 N000300 0
074 O000300 0
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 0
074 S000300 0
074 T000300 0
074 U010300 0
074 U020300 0
074 V010300 0.00
074 V020300 0.00
074 W000300 0.0000
074 X000300 0
074 Y000300 0
075 A000300 0
075 B000300 5417
076 000300 0.00
008 A000401 FIDELITY MANAGEMENT & RESEARCH COMPANY
008 B000401 A
008 C000401 801-7884
008 D010401 BOSTON
008 D020401 MA
008 D030401 02109
012 A000401 UMB BANK, NA
012 B000401 84-0000
012 C010401 KANSAS CITY
012 C020401 MO
012 C030401 64106
012 A000402 FIDELITY INVEST. INSTIT. OPERATIONS CO., INC.
012 B000402 84-00216
012 C010402 BOSTON
012 C020402 MA
012 C030402 02109
012 A000403 DELETE
014 A000401 FIDELITY BROKERAGE SERVICES, INC.
014 B000401 8-23292
014 A000402 FIDELITY DISTRIBUTORS CORPORATION
<PAGE> PAGE 10
014 B000402 8-8775
014 A000403 FIDELITY BROKERAGE SERVICES
014 B000403 8-0000
014 A000404 NATIONAL FINANCIAL SERVICES CORP.
014 B000404 8-26740
015 A000401 UMB BANK, NA
015 B000401 C
015 C010401 KANSAS CITY
015 C020401 MO
015 C030401 64106
015 E010401 X
024 000400 N
028 A010400 0
028 A020400 13
028 A030400 0
028 A040400 906
028 B010400 0
028 B020400 28
028 B030400 0
028 B040400 1060
028 C010400 0
028 C020400 7
028 C030400 0
028 C040400 335
028 D010400 0
028 D020400 7
028 D030400 0
028 D040400 218
028 E010400 0
028 E020400 7
028 E030400 0
028 E040400 301
028 F010400 0
028 F020400 0
028 F030400 0
028 F040400 2649
028 G010400 0
028 G020400 62
028 G030400 0
028 G040400 5469
028 H000400 0
029 000400 N
030 A000400 0
030 B000400 0.00
030 C000400 0.00
031 A000400 0
031 B000400 0
032 000400 0
033 000400 0
034 000400 Y
035 000400 2
<PAGE> PAGE 11
036 A000400 N
036 B000400 0
042 A000400 0
042 B000400 0
042 C000400 100
042 D000400 0
042 E000400 0
042 F000400 0
042 G000400 0
042 H000400 0
043 000400 9
044 000400 0
049 000400 N
050 000400 N
051 000400 N
052 000400 Y
053 A000400 Y
053 B000400 Y
053 C000400 N
055 A000400 N
055 B000400 N
056 000400 Y
057 000400 N
058 A000400 N
059 000400 Y
060 A000400 N
060 B000400 N
061 000400 2500
062 A000400 Y
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
063 A000400 0
063 B000400 0.0
064 A000400 N
064 B000400 N
066 A000400 N
<PAGE> PAGE 12
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 N
070 B010400 N
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 Y
070 E020400 Y
070 F010400 N
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 Y
070 Q010400 Y
070 Q020400 N
070 R010400 Y
070 R020400 N
071 A000400 300
071 B000400 4923
071 C000400 3284
071 D000400 21
072 A000400 5
072 B000400 83
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 6
072 G000400 0
<PAGE> PAGE 13
072 H000400 0
072 I000400 3
072 J000400 1
072 K000400 0
072 L000400 0
072 M000400 0
072 N000400 29
072 O000400 0
072 P000400 0
072 Q000400 27
072 R000400 3
072 S000400 3
072 T000400 9
072 U000400 0
072 V000400 1
072 W000400 0
072 X000400 76
072 Y000400 52
072 Z000400 58
072AA000400 0
072BB000400 0
072CC010400 0
072CC020400 195
072DD010400 26
072DD020400 29
072EE000400 18
073 A010400 0.0000
073 A020400 0.0000
073 B000400 0.0400
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 0
074 D000400 0
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 0
074 M000400 0
074 N000400 0
074 O000400 0
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 0
<PAGE> PAGE 14
074 S000400 0
074 T000400 0
074 U010400 0
074 U020400 0
074 V010400 0.00
074 V020400 0.00
074 W000400 0.0000
074 X000400 0
074 Y000400 0
075 A000400 0
075 B000400 3795
076 000400 0.00
SIGNATURE JOHN H. COSTELLO
TITLE ASST. TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000803013
<NAME> Fidelity Advisor Series V
<SERIES>
<NUMBER> 44
<NAME> Fidelity Advisor California Municipal Income Fund Class A
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
5-MOS
<FISCAL-YEAR-END>
OCT-31-1998
<PERIOD-END>
APR-7-1998
<INVESTMENTS-AT-COST>
0
<INVESTMENTS-AT-VALUE>
0
<RECEIVABLES>
0
<ASSETS-OTHER>
0
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
0
<PAYABLE-FOR-SECURITIES>
0
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
0
<TOTAL-LIABILITIES>
0
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
0
<SHARES-COMMON-STOCK>
0
<SHARES-COMMON-PRIOR>
17
<ACCUMULATED-NII-CURRENT>
0
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
0
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
0
<NET-ASSETS>
0
<DIVIDEND-INCOME>
0
<INTEREST-INCOME>
83
<OTHER-INCOME>
0
<EXPENSES-NET>
25
<NET-INVESTMENT-INCOME>
58
<REALIZED-GAINS-CURRENT>
224
<APPREC-INCREASE-CURRENT>
0
<NET-CHANGE-FROM-OPS>
0
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
2
<DISTRIBUTIONS-OF-GAINS>
1
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
0
<NUMBER-OF-SHARES-REDEEMED>
19
<SHARES-REINVESTED>
0
<NET-CHANGE-IN-ASSETS>
0
<ACCUMULATED-NII-PRIOR>
0
<ACCUMULATED-GAINS-PRIOR>
0
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
6
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
76
<AVERAGE-NET-ASSETS>
3,795
<PER-SHARE-NAV-BEGIN>
10.26
<PER-SHARE-NII>
.155
<PER-SHARE-GAIN-APPREC>
0
<PER-SHARE-DIVIDEND>
.04
<PER-SHARE-DISTRIBUTIONS>
.155
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
0
<EXPENSE-RATIO>
0
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000803013
<NAME> Fidelity Advisor Series V
<SERIES>
<NUMBER> 42
<NAME> Fidelity Advisor California Municipal Income Fund Class B
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
5-MOS
<FISCAL-YEAR-END>
OCT-31-1998
<PERIOD-END>
APR-7-1998
<INVESTMENTS-AT-COST>
0
<INVESTMENTS-AT-VALUE>
0
<RECEIVABLES>
0
<ASSETS-OTHER>
0
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
0
<PAYABLE-FOR-SECURITIES>
0
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
0
<TOTAL-LIABILITIES>
0
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
0
<SHARES-COMMON-STOCK>
0
<SHARES-COMMON-PRIOR>
98
<ACCUMULATED-NII-CURRENT>
0
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
0
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
0
<NET-ASSETS>
0
<DIVIDEND-INCOME>
0
<INTEREST-INCOME>
83
<OTHER-INCOME>
0
<EXPENSES-NET>
25
<NET-INVESTMENT-INCOME>
58
<REALIZED-GAINS-CURRENT>
224
<APPREC-INCREASE-CURRENT>
0
<NET-CHANGE-FROM-OPS>
0
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
5
<DISTRIBUTIONS-OF-GAINS>
3
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
0
<NUMBER-OF-SHARES-REDEEMED>
99
<SHARES-REINVESTED>
1
<NET-CHANGE-IN-ASSETS>
0
<ACCUMULATED-NII-PRIOR>
0
<ACCUMULATED-GAINS-PRIOR>
0
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
6
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
76
<AVERAGE-NET-ASSETS>
3,795
<PER-SHARE-NAV-BEGIN>
10.25
<PER-SHARE-NII>
.123
<PER-SHARE-GAIN-APPREC>
0
<PER-SHARE-DIVIDEND>
.04
<PER-SHARE-DISTRIBUTIONS>
.123
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
0
<EXPENSE-RATIO>
0
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000803013
<NAME> Fidelity Advisor Series V
<SERIES>
<NUMBER> 41
<NAME> Fidelity Advisor California Municipal Income Fund Class T
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
5-MOS
<FISCAL-YEAR-END>
OCT-31-1998
<PERIOD-END>
APR-7-1998
<INVESTMENTS-AT-COST>
0
<INVESTMENTS-AT-VALUE>
0
<RECEIVABLES>
0
<ASSETS-OTHER>
0
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
0
<PAYABLE-FOR-SECURITIES>
0
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
0
<TOTAL-LIABILITIES>
0
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
0
<SHARES-COMMON-STOCK>
0
<SHARES-COMMON-PRIOR>
232
<ACCUMULATED-NII-CURRENT>
0
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
0
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
0
<NET-ASSETS>
0
<DIVIDEND-INCOME>
0
<INTEREST-INCOME>
83
<OTHER-INCOME>
0
<EXPENSES-NET>
25
<NET-INVESTMENT-INCOME>
58
<REALIZED-GAINS-CURRENT>
224
<APPREC-INCREASE-CURRENT>
0
<NET-CHANGE-FROM-OPS>
0
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
18
<DISTRIBUTIONS-OF-GAINS>
7
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
0
<NUMBER-OF-SHARES-REDEEMED>
234
<SHARES-REINVESTED>
2
<NET-CHANGE-IN-ASSETS>
0
<ACCUMULATED-NII-PRIOR>
0
<ACCUMULATED-GAINS-PRIOR>
0
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
6
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
76
<AVERAGE-NET-ASSETS>
3,795
<PER-SHARE-NAV-BEGIN>
10.27
<PER-SHARE-NII>
.151
<PER-SHARE-GAIN-APPREC>
0
<PER-SHARE-DIVIDEND>
.04
<PER-SHARE-DISTRIBUTIONS>
.151
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
0
<EXPENSE-RATIO>
0
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000803013
<NAME> Fidelity Advisor Series V
<SERIES>
<NUMBER> 43
<NAME> Fidelity Advisor California Municipal Income Fund Institutional Class
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
5-MOS
<FISCAL-YEAR-END>
OCT-31-1998
<PERIOD-END>
APR-7-1998
<INVESTMENTS-AT-COST>
0
<INVESTMENTS-AT-VALUE>
0
<RECEIVABLES>
0
<ASSETS-OTHER>
0
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
0
<PAYABLE-FOR-SECURITIES>
0
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
0
<TOTAL-LIABILITIES>
0
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
0
<SHARES-COMMON-STOCK>
0
<SHARES-COMMON-PRIOR>
196
<ACCUMULATED-NII-CURRENT>
0
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
0
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
0
<NET-ASSETS>
0
<DIVIDEND-INCOME>
0
<INTEREST-INCOME>
83
<OTHER-INCOME>
0
<EXPENSES-NET>
25
<NET-INVESTMENT-INCOME>
58
<REALIZED-GAINS-CURRENT>
224
<APPREC-INCREASE-CURRENT>
0
<NET-CHANGE-FROM-OPS>
0
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
29
<DISTRIBUTIONS-OF-GAINS>
8
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
0
<NUMBER-OF-SHARES-REDEEMED>
200
<SHARES-REINVESTED>
4
<NET-CHANGE-IN-ASSETS>
0
<ACCUMULATED-NII-PRIOR>
0
<ACCUMULATED-GAINS-PRIOR>
0
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
6
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
76
<AVERAGE-NET-ASSETS>
3,795
<PER-SHARE-NAV-BEGIN>
10.21
<PER-SHARE-NII>
.162
<PER-SHARE-GAIN-APPREC>
0
<PER-SHARE-DIVIDEND>
.04
<PER-SHARE-DISTRIBUTIONS>
.162
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
0
<EXPENSE-RATIO>
0
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000803013
<NAME> Fidelity Advisor Series V
<SERIES>
<NUMBER> 14
<NAME> Fidelity Advisor New York Municipal Income Fund Class A
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
5-MOS
<FISCAL-YEAR-END>
OCT-31-1998
<PERIOD-END>
APR-7-1998
<INVESTMENTS-AT-COST>
0
<INVESTMENTS-AT-VALUE>
0
<RECEIVABLES>
0
<ASSETS-OTHER>
0
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
0
<PAYABLE-FOR-SECURITIES>
0
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
0
<TOTAL-LIABILITIES>
0
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
0
<SHARES-COMMON-STOCK>
0
<SHARES-COMMON-PRIOR>
13
<ACCUMULATED-NII-CURRENT>
0
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
0
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
0
<NET-ASSETS>
0
<DIVIDEND-INCOME>
0
<INTEREST-INCOME>
126
<OTHER-INCOME>
0
<EXPENSES-NET>
40
<NET-INVESTMENT-INCOME>
86
<REALIZED-GAINS-CURRENT>
445
<APPREC-INCREASE-CURRENT>
0
<NET-CHANGE-FROM-OPS>
0
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
2
<DISTRIBUTIONS-OF-GAINS>
2
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
0
<NUMBER-OF-SHARES-REDEEMED>
13
<SHARES-REINVESTED>
0
<NET-CHANGE-IN-ASSETS>
0
<ACCUMULATED-NII-PRIOR>
0
<ACCUMULATED-GAINS-PRIOR>
0
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
9
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
98
<AVERAGE-NET-ASSETS>
5,417
<PER-SHARE-NAV-BEGIN>
10.79
<PER-SHARE-NII>
.175
<PER-SHARE-GAIN-APPREC>
0
<PER-SHARE-DIVIDEND>
.04
<PER-SHARE-DISTRIBUTIONS>
.175
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
0
<EXPENSE-RATIO>
0
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000803013
<NAME> Fidelity Advisor Series V
<SERIES>
<NUMBER> 12
<NAME> Fidelity Advisor New York Municipal Income Fund Class B
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
5-MOS
<FISCAL-YEAR-END>
OCT-31-1998
<PERIOD-END>
APR-7-1998
<INVESTMENTS-AT-COST>
0
<INVESTMENTS-AT-VALUE>
0
<RECEIVABLES>
0
<ASSETS-OTHER>
0
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
0
<PAYABLE-FOR-SECURITIES>
0
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
0
<TOTAL-LIABILITIES>
0
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
0
<SHARES-COMMON-STOCK>
0
<SHARES-COMMON-PRIOR>
324
<ACCUMULATED-NII-CURRENT>
0
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
0
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
0
<NET-ASSETS>
0
<DIVIDEND-INCOME>
0
<INTEREST-INCOME>
126
<OTHER-INCOME>
0
<EXPENSES-NET>
40
<NET-INVESTMENT-INCOME>
86
<REALIZED-GAINS-CURRENT>
445
<APPREC-INCREASE-CURRENT>
0
<NET-CHANGE-FROM-OPS>
0
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
29
<DISTRIBUTIONS-OF-GAINS>
12
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
0
<NUMBER-OF-SHARES-REDEEMED>
326
<SHARES-REINVESTED>
2
<NET-CHANGE-IN-ASSETS>
0
<ACCUMULATED-NII-PRIOR>
0
<ACCUMULATED-GAINS-PRIOR>
0
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
9
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
98
<AVERAGE-NET-ASSETS>
5,417
<PER-SHARE-NAV-BEGIN>
10.79
<PER-SHARE-NII>
.140
<PER-SHARE-GAIN-APPREC>
0
<PER-SHARE-DIVIDEND>
.04
<PER-SHARE-DISTRIBUTIONS>
.140
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
0
<EXPENSE-RATIO>
0
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000803013
<NAME> Fidelity Advisor Series V
<SERIES>
<NUMBER> 11
<NAME> Fidelity Advisor New York Municipal Income Fund Class T
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
5-MOS
<FISCAL-YEAR-END>
OCT-31-1998
<PERIOD-END>
APR-7-1998
<INVESTMENTS-AT-COST>
0
<INVESTMENTS-AT-VALUE>
0
<RECEIVABLES>
0
<ASSETS-OTHER>
0
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
0
<PAYABLE-FOR-SECURITIES>
0
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
0
<TOTAL-LIABILITIES>
0
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
0
<SHARES-COMMON-STOCK>
376
<SHARES-COMMON-PRIOR>
0
<ACCUMULATED-NII-CURRENT>
0
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
0
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
0
<NET-ASSETS>
0
<DIVIDEND-INCOME>
0
<INTEREST-INCOME>
126
<OTHER-INCOME>
0
<EXPENSES-NET>
40
<NET-INVESTMENT-INCOME>
86
<REALIZED-GAINS-CURRENT>
445
<APPREC-INCREASE-CURRENT>
0
<NET-CHANGE-FROM-OPS>
0
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
32
<DISTRIBUTIONS-OF-GAINS>
9
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
0
<NUMBER-OF-SHARES-REDEEMED>
380
<SHARES-REINVESTED>
4
<NET-CHANGE-IN-ASSETS>
0
<ACCUMULATED-NII-PRIOR>
0
<ACCUMULATED-GAINS-PRIOR>
0
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
9
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
98
<AVERAGE-NET-ASSETS>
5,417
<PER-SHARE-NAV-BEGIN>
10.80
<PER-SHARE-NII>
.170
<PER-SHARE-GAIN-APPREC>
0
<PER-SHARE-DIVIDEND>
.04
<PER-SHARE-DISTRIBUTIONS>
.170
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
0
<EXPENSE-RATIO>
0
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000803013
<NAME> Fidelity Advisor Series V
<SERIES>
<NUMBER> 13
<NAME> Fidelity Advisor New York Municipal Income Fund Institutional Class
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
5-MOS
<FISCAL-YEAR-END>
OCT-31-1998
<PERIOD-END>
APR-7-1998
<INVESTMENTS-AT-COST>
0
<INVESTMENTS-AT-VALUE>
0
<RECEIVABLES>
0
<ASSETS-OTHER>
0
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
0
<PAYABLE-FOR-SECURITIES>
0
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
0
<TOTAL-LIABILITIES>
0
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
0
<SHARES-COMMON-STOCK>
0
<SHARES-COMMON-PRIOR>
72
<ACCUMULATED-NII-CURRENT>
0
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
0
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
0
<NET-ASSETS>
0
<DIVIDEND-INCOME>
0
<INTEREST-INCOME>
126
<OTHER-INCOME>
0
<EXPENSES-NET>
40
<NET-INVESTMENT-INCOME>
86
<REALIZED-GAINS-CURRENT>
445
<APPREC-INCREASE-CURRENT>
0
<NET-CHANGE-FROM-OPS>
0
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
12
<DISTRIBUTIONS-OF-GAINS>
3
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
0
<NUMBER-OF-SHARES-REDEEMED>
74
<SHARES-REINVESTED>
1
<NET-CHANGE-IN-ASSETS>
0
<ACCUMULATED-NII-PRIOR>
0
<ACCUMULATED-GAINS-PRIOR>
0
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
9
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
98
<AVERAGE-NET-ASSETS>
5,147
<PER-SHARE-NAV-BEGIN>
10.80
<PER-SHARE-NII>
.182
<PER-SHARE-GAIN-APPREC>
0
<PER-SHARE-DIVIDEND>
.04
<PER-SHARE-DISTRIBUTIONS>
.182
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
0
<EXPENSE-RATIO>
0
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>