FIDELITY ADVISOR
ANNUITY FUND
SUPPLEMENT TO THE PROSPECTUS AND STATEMENT OF ADDITIONAL
INFORMATION DATED APRIL 30, 1996
The following information supplements the information found in the
Prospectus under "The Funds in Detail" section and in the Statement of
Additional Information under the "Description of the Trust" section:
Effective December 30, 1996, the Declaration of Trust for Fidelity Advisor
Annuity Fund was amended to reflect a name change of the trust to Variable
Insurance Products Fund III.
On December 30, 1996 two funds of the trust: Fidelity Advisor Annuity
Income & Growth Fund and Fidelity Advisor Annuity Growth Opportunities
Fund, changed their names to VIP III Balanced Portfolio and VIP III Growth
Opportunities Portfolio, respectively.
