497 1 main.htm

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%

-2.11%

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>DESIIN-07-03 May 11, 2007
1.808151.107</R>