497 1 main.htm

Supplement to the
Fidelity Destiny
® Portfolios:
Fidelity
® Advisor Diversified Stock Fund
(formerly Destiny I) - Class A
January 29, 2007
Prospectus

The following information replaces the similar information found under the heading "Average Annual Returns - Plan" in the "Fund Summary" section on page F-4.

For the periods ended
December 31, 2005

Past 1
year

Past 5
years

Life of
Plan
A

Destiny Plans I: N

-44.26%

-3.61%

-5.47%

A From April 30, 1999.

I.DESIN-07-01 June 1, 2007
1.848427.100

Supplement to the
Fidelity Destiny
® Portfolios:
Fidelity
® Advisor Diversified Stock Fund
(formerly Destiny I) - Class A
January 29, 2007
Prospectus

The following information replaces the similar information found under the heading "Average Annual Returns - Plan" in the "Fund Summary" section on page F-4.

For the periods ended
December 31, 2005

Past 1
year

Past 5
years

Life of
Plan
A

<R>Destiny Plans I: N</R>

<R> -44.26%</R>

<R> -3.61%</R>

<R> -5.47%</R>

A From April 30, 1999.

<R>DESIN-07-02 June 1, 2007
1.808150.109</R>

Supplement to the
Fidelity Destiny
® Portfolios:
Fidelity
® Advisor Capital Development Fund (formerly Destiny II) - Class A
January 29, 2007
Prospectus

The following information replaces the similar information found under the heading "Average Annual Returns - Plan" in the "Fund Summary" section on page F-4.

For the periods ended
December 31, 2005

Past 1
year

Past 5
years

Life of
Plan
A

Destiny Plans II: N

-49.07%

-1.98%

-1.24%

A From April 30, 1999.

<R>The following information replaces the similar information found under the heading "Annual operating expenses (paid from class assets)" in the "Fund Summary" section on page F-4.</R>

<R>Class A</R>

<R>Management fee</R>

<R>0.57%</R>

<R>Distribution and/or Service (12b-1) fees</R>

<R>0.25%</R>

<R>Other expenses</R>

<R>0.24%</R>

<R>Total annual class operating expensesB</R>

<R>1.06%</R>

<R>A Class A shares are sold to Destiny Plans without a sales charge.</R>

<R>B Effective July 12, 2005 FMR has voluntarily agreed to reimburse Class A of the fund to the extent that total operating expenses (excluding interest, taxes, certain securities lending costs, brokerage commissions, and extraordinary expenses), as a percentage of its average net assets, exceed 1.25%. This arrangement may be discontinued by FMR at any time.</R>

<R>I.DESIIN-07-03 June 1, 2007
1.848219.101</R>

Supplement to the
Fidelity Destiny
® Portfolios:
Fidelity
® Advisor Capital Development Fund (formerly Destiny II) - Class A
January 29, 2007
Prospectus

The following information replaces the similar information found under the heading "Average Annual Returns - Plan" in the "Fund Summary" section on page F-4.

<R>For the periods ended
December 31, 2005
</R>

<R>Past 1
year
</R>

<R>Past 5
years
</R>

<R>Life of
Plan
A</R>

<R>Destiny Plans II: N</R>

<R> -49.07%</R>

<R> -1.98%</R>

<R> -1.24%</R>

A From April 30, 1999.

The following information replaces the similar information found under the heading "Annual operating expenses (paid from class assets)" in the "Fund Summary" section on page F-4.

Class A

Management fee

0.57%

Distribution and/or Service (12b-1) fees

0.25%

Other expenses

0.24%

Total annual class operating expensesB

1.06%

A Class A shares are sold to Destiny Plans without a sales charge.

B Effective July 12, 2005 FMR has voluntarily agreed to reimburse Class A of the fund to the extent that total operating expenses (excluding interest, taxes, certain securities lending costs, brokerage commissions, and extraordinary expenses), as a percentage of its average net assets, exceed 1.25%. This arrangement may be discontinued by FMR at any time.

<R>DESIIN-07-04 June 1, 2007
1.808151.108</R>