497 1 main.htm

Supplement to the

Fund

Class A

Class T

Class B

Class C

Institutional
Class

Fidelity Advisor® Convertible Securities Fund

FACVX

FTCVX

FCBVX

FCCVX

FICVX

Fidelity Advisor Dividend Growth Fund

FADAX

FDGTX

FADBX

FDGCX

FDGIX

Fidelity Advisor Equity Growth Fund

EPGAX

FAEGX

EPGBX

EPGCX

EQPGX

Fidelity Advisor Equity Income Fund

FEIAX

FEIRX

FEIBX

FEICX

EQPIX

Fidelity Advisor Equity Value Fund

FAVAX

FAVTX

FAVBX

FAVCX

FAIVX

Fidelity Advisor Growth & Income Fund

FGIRX

FGITX

FGISX

FGIUX

FGIOX

Fidelity Advisor Growth Opportunities Fund

FAGAX

FAGOX

FABGX

FACGX

FAGCX

Fidelity Advisor Large Cap Fund

FALAX

FALGX

FALHX

FLCCX

FALIX

Fidelity Advisor Small Cap Fund

FSCDX

FSCTX

FSCBX

FSCEX

FSCIX

Fidelity Advisor Stock Selector Mid Cap Fund

FMCDX

FMCAX

FMCBX

FMCEX

FMCCX

Fidelity Advisor Strategic Growth Fund

FTQAX

FTQTX

FTQBX

FTQCX

FTQIX

Fidelity Advisor Value Strategies Fund

FSOAX

FASPX

FASBX

FVCSX

FASOX

Fidelity Advisor Convertible Securities Fund Class A, Class T, Class B, Class C, and Institutional Class are Classes of shares of Fidelity Convertible Securities Fund

Funds of Fidelity Advisor Series I and Fidelity Financial Trust

STATEMENT OF ADDITIONAL INFORMATION

January 29, 2013

This Statement of Additional Information dated January 29, 2013 is no longer applicable for Fidelity Advisor Strategic Growth Fund.

The following information replaces similar information found in the "Buying, Selling, and Exchanging Information" section beginning on page 29.

Class A: Shares of Class A may be exchanged for Class Z or Institutional Class shares of the same fund.

Class T: Shares of Class T may be exchanged for Class A (on a load-waived basis), Class Z, or Institutional Class shares of the same fund.

Class B: Shares of Class B may be exchanged for Class A, Class T, Class Z, or Institutional Class shares of the same fund.

Class C: Shares of Class C may be exchanged for Class A, Class T, Class Z, or Institutional Class shares of the same fund.

Class Z: Shares of Class Z may be exchanged for Class A or Institutional Class shares of the same fund if you are no longer eligible for Class Z.

Institutional Class: Shares of Institutional Class may be exchanged for Class A, if you are no longer eligible for Institutional Class, or Class Z shares of the same fund.

The following information replaces similar information found in the "Management Contracts" section beginning on page 51.

The individual fund fee rates for Fidelity Advisor Equity Growth Fund, Fidelity Advisor Equity Income Fund, and Fidelity Advisor Growth & Income Fund are 0.30%, 0.20%, and 0.20%, respectively. Based on the average group net assets of the funds advised by FMR for November 2012, each fund's annual management fee rate would be calculated as follows:

Fund

Group Fee Rate

 

Individual Fund Fee Rate

 

Management Fee Rate

Fidelity Advisor Equity Growth Fund

0.2565%

+

0.3000%

=

0.5565%

Fidelity Advisor Equity Income Fund

0.2565%

+

0.2000%

=

0.4565%

Fidelity Advisor Growth & Income Fund

0.2565%

+

0.2000%

=

0.4565%

The individual fund fee rates for Fidelity Advisor Dividend Growth Fund, Fidelity Advisor Equity Value Fund, Fidelity Advisor Growth Opportunities Fund, Fidelity Advisor Large Cap Fund, Fidelity Advisor Small Cap Fund, Fidelity Advisor Stock Selector Mid Cap Fund, Fidelity Advisor Strategic Growth Fund, Fidelity Advisor Value Strategies Fund, and Fidelity Convertible Securities Fund are 0.30%, 0.30%, 0.30%, 0.30%, 0.45%, 0.30%, 0.30%, 0.30%, and 0.20%, respectively. Based on the average group net assets of the funds advised by FMR for November 2012, each fund's annual basic fee rate would be calculated as follows:

ACOM11B-13-03		August 13, 2013
1.739097.150

Fund

Group Fee Rate

 

Individual Fund Fee Rate

 

Basic Fee Rate

Fidelity Advisor Dividend Growth Fund

0.2565%

+

0.3000%

=

0.5565%

Fidelity Advisor Equity Value Fund

0.2565%

+

0.3000%

=

0.5565%

Fidelity Advisor Growth Opportunities Fund

0.2565%

+

0.3000%

=

0.5565%

Fidelity Advisor Large Cap Fund

0.2565%

+

0.3000%

=

0.5565%

Fidelity Advisor Small Cap Fund

0.2565%

+

0.4500%

=

0.7065%

Fidelity Advisor Stock Selector Mid Cap Fund

0.2565%

+

0.3000%

=

0.5565%

Fidelity Advisor Strategic Growth Fund

0.2565%

+

0.3000%

=

0.5565%

Fidelity Advisor Value Strategies Fund

0.2565%

+

0.3000%

=

0.5565%

Fidelity Convertible Securities Fund

0.2565%

+

0.2000%

=

0.4565%