FIDELITY ADVISOR SERIES V
DEFA14A, 1998-02-18
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Fidelity Advisor Municipal Income Fund (formerly Advisor High Income
Municipal 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  FIDELITY ADVISOR MUNICIPAL INCOME
FUND (FORMERLY ADVISOR HIGH INCOME MUNICIPAL 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 FIDELITY ADVISOR MUNICIPAL INCOME FUND PROXY
MATERIAL?  THE PACKAGE WAS DATED MID-FEBRUARY.  (Describe the mailings
to the shareholder if he/she does not recall it ==> 6"x9" 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 April 15,
1998.  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
APRIL 15, 1998.  IF YOU WOULD LIKE TO VOTE BY FAX, YOU MAY FAX YOUR
SIGNED PROXY CARD TO 1-888-451-8683.  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 APRIL 15, 1998.  IF YOU WOULD LIKE TO
VOTE BY FAX, YOU MAY FAX BOTH SIDES OF YOUR SIGNED PROXY CARD TO
1-888-451-8683.
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 FIDELITY
ADVISOR MUNICIPAL INCOME 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 THREE PROPOSALS AND ASK YOU WHETHER YOU VOTE
"FOR", "AGAINST", OR "ABSTAIN." (TWO OPTIONS):
FIDELITY ADVISOR MUNICIPAL INCOME FUND
    
PROPOSAL
(1) TO APPROVE AN AMENDED CONTRACT FOR THE FUND.
(2) TO AMEND THE FUNDAMENTAL INVESTMENT POLICY ON DIVERSIFICATION FOR
THE FUND TO EXCLUDE INVESTMENTS IN OTHER INVESTMENT COMPANIES FROM THE
LIMITATION.
(3) TO APPROVE AN AGREEMENT AND PLAN PROVIDING FOR THE REORGANIZATION
OF THE FUND.
 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 APRIL 15, 1998. 
IF YOU WOULD LIKE TO VOTE BY FAX, YOU MAY FAX THE FRONT AND BACK OF
YOUR SIGNED PROXY CARD TO 1-888-451-8683.  THANK YOU FOR YOUR TIME
THIS EVENING.  (End call.)
FIDELITY ADVISOR MUNICIPAL INCOME FUND (FORMERLY ADVISOR HIGH INCOME
MUNICIPAL 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 
Proxy Card Only ________ 
Full Proxy Kit  __________ 
Comments
Notable Shareholder
Response____________________________________________
_____________________________________________________________________
_____________________________________________________________________
Other Comments________________________________________________________
______________________________________________________________________
______________________________________________________________________
Was Shareholder Transferred to Fidelity Representative?    
Yes_______No________
 
FIDELITY ADVISOR MUNICIPAL INCOME FUND (FORMERLY ADVISOR HIGH INCOME
MUNICIPAL 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 Fidelity Advisor Municipal Income
Fund (formerly Advisor High Income Municipal 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 Fidelity Advisor Municipal Income Fund (formerly
Advisor High Income Municipal 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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