497 1 main.htm

Supplement to the
Fidelity Advisor California Municipal Income Fund
Class A, Class T, Class B, and Class C
April 29, 2006
Prospectus

<R>At its January 2007 meeting, the Board of Trustees approved the following modifications: (i) a decrease in the sales loads charged for purchases of Class A shares, (ii) a 0.10% increase in the Distribution and/or Service (12b-1) fee charged for Class A shares, and (iii) an increase in the sales loads charged for purchases of Class T shares. These changes will take effect on April 1, 2007. Details regarding these changes can be found below.</R>

The following information replaces the information in the second bullet under the heading "Principal Investment Strategies" in the "Fund Summary" section on page 3.

  • Managing the fund to have similar overall interest rate risk to a California bond index.

<R>Effective April 1, 2007, the following information replaces the similar information found under the heading "Fee Table" in the "Fund Summary" section on page 6.</R>

<R>Shareholder fees (paid by the investor directly)</R>

<R>Class A</R>

<R>Class T</R>

<R>Class B</R>

<R>Class C</R>

<R>Maximum sales charge (load) on purchases (as a % of offering price)A</R>

<R>4.00%B</R>

<R>4.00%C</R>

<R>None</R>

<R>None</R>

ASCM-07-01 January 24, 2007
1.777540.113

<R>Effective April 1, 2007, the following information replaces the similar information found under the heading "Fee Table" in the "Fund Summary" section on page 6.</R>

<R>Annual operating expenses (paid from class assets)</R>

<R>Class A</R>

<R>Class T</R>

<R>Class B</R>

<R>Class C</R>

<R>Management fee</R>

<R>0.37%</R>

<R>0.37%</R>

<R>0.37%</R>

<R>0.37%</R>

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

<R>0.25%</R>

<R>0.25%</R>

<R>0.90%</R>

<R>1.00%</R>

<R>Other expenses</R>

<R>0.13%</R>

<R>0.15%</R>

<R>0.15%</R>

<R>0.15%</R>

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

<R>0.75%</R>

<R>0.77%</R>

<R>1.42%</R>

<R>1.52%</R>

<R>A FMR has voluntarily agreed to reimburse Class A, Class T, Class B, and Class C 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 their respective average net assets, exceed the following rates:</R>

<R>Class A</R>

<R>Effective
Date</R>

<R>Class T</R>

<R>Effective
Date</R>

<R>Class B</R>

<R>Effective
Date</R>

<R>Class C</R>

<R>Effective
Date</R>

<R>Advisor California Municipal Income</R>

<R>0.80%</R>

<R>4/1/07</R>

<R>0.80%</R>

<R>08/1/02</R>

<R>1.45%</R>

<R>08/1/02</R>

<R>1.55%</R>

<R>8/1/02</R>

<R>These arrangements may be discontinued by FMR at any time.</R>

<R>Effective April 1, 2007, the following information replaces the similar information for Class A, Class T, and Class B found under the heading "Fee Table" in the "Fund Summary" section on page 7.</R>

<R>Class A</R>

<R>Class T</R>

<R>Class B</R>

<R>Sell All
Shares</R>

<R>Hold
Shares</R>

<R>Sell All
Shares</R>

<R>Hold
Shares</R>

<R>Sell All
Shares</R>

<R>Hold
Shares</R>

<R>1 year</R>

<R>$ 474</R>

<R>$ 474</R>

<R>$ 475</R>

<R>$ 475</R>

<R>$ 645</R>

<R>$ 145</R>

<R>3 years</R>

<R>$ 630</R>

<R>$ 630</R>

<R>$ 636</R>

<R>$ 636</R>

<R>$ 749</R>

<R>$ 449</R>

<R>5 years</R>

<R>$ 800</R>

<R>$ 800</R>

<R>$ 811</R>

<R>$ 811</R>

<R>$ 976</R>

<R>$ 776</R>

<R>10 years</R>

<R>$ 1,293</R>

<R>$ 1,293</R>

<R>$ 1,316</R>

<R>$ 1,316</R>

<R>$ 1,434A</R>

<R>$ 1,434A</R>

<R>A Reflects conversion to Class A shares after a maximum of seven years.</R>

The following information replaces the information in the third paragraph under the heading "Principal Investment Strategies" in the "Fund Basics" section on page 8.

FMR uses a California bond index as a guide in structuring the fund and selecting its investments. This index is designed to represent FMR's view of how the fund's competitive universe will perform over time. FMR manages the fund to have similar overall interest rate risk to the index. FMR may, from time to time, change the index or the characteristics of the index in response to changes in the market or the fund's peer group, such as when the observed interest rate sensitivity or credit composition of the fund's competitive universe deviates from that of the index.

FMR considers other factors when selecting the fund's investments, including the credit quality of the issuer, security-specific features, current valuation relative to alternatives in the market, short-term trading opportunities resulting from market inefficiencies, and potential future valuation. In managing the fund's exposure to various risks, including interest rate risk, FMR considers, among other things, the market's overall risk characteristics, the market's current pricing of those risks, information on the fund's competitive universe and internal views of potential future market conditions.

The following information replaces the biographical information for Doug McGinley found in the "Fund Management" section on page 30.

Jamie Pagliocco is manager of Advisor California Municipal Income Fund, which he has managed since its inception in July 2006. He also manages other Fidelity funds. Since joining Fidelity Investments in 2001, Mr. Pagliocco has worked as a municipal bond trader, assistant fixed income head trader and manager.

<R>Effective April 1, 2007, the following information replaces similar information found in the "Fund Distribution" section on page 32.</R>

<R>Sales Charges and Concessions - Class A</R>

<R>Sales Charge</R>

<R>As a % of
offering
priceA</R>

<R>As an
approximate % of net amount
investedA</R>

<R>Investment
professional
concession as % of offering price</R>

<R>Up to $49,999B</R>

<R> 4.00%</R>

<R> 4.17%</R>

<R> 3.75%</R>

<R>$50,000 to $99,999</R>

<R> 3.75%</R>

<R> 3.90%</R>

<R> 3.50%</R>

<R>$100,000 to $249,999</R>

<R> 3.00%</R>

<R> 3.09%</R>

<R> 2.75%</R>

<R>$250,000 to $499,999</R>

<R> 2.25%</R>

<R> 2.30%</R>

<R> 2.00%</R>

<R>$500,000 to $999,999</R>

<R> 1.75%</R>

<R> 1.78%</R>

<R> 1.50%</R>

<R>$1,000,000 to $3,999,999</R>

<R> None</R>

<R> None</R>

<R> 0.75%</R>

<R>$4,000,000 to $24,999,999</R>

<R> None</R>

<R> None</R>

<R> 0.50%</R>

<R>$25,000,000 or more</R>

<R> None</R>

<R> None</R>

<R> 0.25%</R>

<R>A The actual sales charge you pay may be higher or lower than those calculated using these percentages due to rounding. The impact of rounding may vary with the amount of your investment and the size of the class's NAV.</R>

<R>B Purchases of $5.00 or less will not pay a sales charge.</R>

<R>Effective April 1, 2007, the following information replaces similar information found in the "Fund Distribution" section on page 33.</R>

<R>Sales Charges and Concessions - Class T</R>

<R>Sales Charge</R>

<R>As a % of
offering
priceA</R>

<R>As an
approximate % of net amount
investedA</R>

<R>Investment
professional
concession as % of offering price</R>

<R>Up to $49,999</R>

<R> 4.00%</R>

<R> 4.17%</R>

<R> 3.75%</R>

<R>$50,000 to $99,999</R>

<R> 3.75%</R>

<R> 3.90%</R>

<R> 3.50%</R>

<R>$100,000 to $249,999</R>

<R> 3.00%</R>

<R> 3.09%</R>

<R> 2.75%</R>

<R>$250,000 to $499,999</R>

<R> 2.25%</R>

<R> 2.30%</R>

<R> 2.00%</R>

<R>$500,000 to $999,999</R>

<R> 1.75%</R>

<R> 1.78%</R>

<R> 1.50%</R>

<R>$1,000,000 or more</R>

<R> None</R>

<R> None</R>

<R> 0.25%</R>

<R>A The actual sales charge you pay may be higher or lower than those calculated using these percentages due to rounding. The impact of rounding may vary with the amount of your investment and the size of the class's NAV.</R>

The following information replaces the similar information for Class A and Class T found in the "Fund Distribution" section beginning on page 36.

A front-end sales charge will not apply to the following Class A shares:

1. Purchased for an employee benefit plan. For this purpose, employee benefit plans generally include profit sharing, 401(k), and 403(b) plans, but do not include: IRAs; SIMPLE, SEP, or SARSEP plans; plans covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans); health savings accounts; or plans investing through the Fidelity Advisor 403(b) program;

2. Purchased for an insurance company separate account used to fund annuity contracts for employee benefit plans (as defined above);

3. Purchased by broker-dealer, registered investment adviser, insurance company, trust institution or bank trust department managed account programs that charge an asset-based fee;

4. Purchased with proceeds from the sale of front-end load shares of a non-Advisor mutual fund for an account participating in the FundSelect by Nationwide program;

5. Purchased by a bank trust officer, registered representative, or other employee (or a member of one of their immediate families) of intermediaries having agreements with FDC. A member of the immediate family of a bank trust officer, a registered representative, or other employee of intermediaries having agreements with FDC, is a spouse of one of those individuals, an account for which one of those individuals is acting as custodian for a minor child, and a trust account that is registered for the sole benefit of a minor child of one of those individuals;

6. Purchased by the Fidelity Investments Charitable Gift Fund;

7. Purchased to repay a loan against Class A or Class B shares held in the investor's Fidelity Advisor 403(b) program; or

8. Purchased by broker-dealer, registered investment adviser, insurance company, trust institution or bank trust department health savings account programs.

A waiver form must accompany these transactions.

A front-end sales charge will not apply to the following Class T shares:

1. Purchased for an employee benefit plan. For this purpose, employee benefit plans generally include profit sharing, 401(k), and 403(b) plans, but do not include: IRAs; SIMPLE, SEP, or SARSEP plans; plans covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans); health savings accounts; or plans investing through the Fidelity Advisor 403(b) program;

2. Purchased for an insurance company separate account used to fund annuity contracts for employee benefit plans (as defined above);

3. Purchased by broker-dealer, registered investment adviser, insurance company, trust institution or bank trust department managed account programs that charge an asset-based fee;

4. Purchased for a Fidelity or Fidelity Advisor account (including purchases by exchange) with the proceeds of a distribution from (i) an insurance company separate account used to fund annuity contracts for employee benefit plans, 403(b) programs, or plans covering sole-proprietors (formerly Keogh/H.R. 10 plans) that are invested in Fidelity Advisor or Fidelity funds, or (ii) an employee benefit plan, a 403(b) program other than a Fidelity Advisor 403(b) program, or plan covering a sole-proprietor (formerly Keogh/H.R. 10 plan) that is invested in Fidelity Advisor or Fidelity funds. (Distributions other than those transferred to an IRA account must be transferred directly into a Fidelity account.);

5. Purchased for any state, county, or city, or any governmental instrumentality, department, authority or agency;

6. Purchased by a current or former Trustee or officer of a Fidelity fund or a current or retired officer, director or regular employee of FMR Corp. or Fidelity International Limited (FIL) or their direct or indirect subsidiaries (a Fidelity Trustee or employee), the spouse of a Fidelity Trustee or employee, a Fidelity Trustee or employee acting as custodian for a minor child, or a person acting as trustee of a trust for the sole benefit of the minor child of a Fidelity Trustee or employee;

7. Purchased by a charitable organization (as defined for purposes of Section 501(c)(3) of the Internal Revenue Code) investing $100,000 or more;

8. Purchased by the Fidelity Investments Charitable Gift Fund;

9. Purchased by a bank trust officer, registered representative, or other employee (or a member of one of their immediate families) of intermediaries having agreements with FDC. A member of the immediate family of a bank trust officer, a registered representative, or other employee of intermediaries having agreements with FDC, is a spouse of one of those individuals, an account for which one of those individuals is acting as custodian for a minor child, and a trust account that is registered for the sole benefit of a minor child of one of those individuals;

10. Purchased for a charitable remainder trust or life income pool established for the benefit of a charitable organization (as defined for purposes of Section 501(c)(3) of the Internal Revenue Code);

11. Purchased with distributions of income, principal, and capital gains from Fidelity Defined Trusts;

12. Purchased to repay a loan against Class T shares held in the investor's Fidelity Advisor 403(b) program; or

13. Purchased by broker-dealer, registered investment adviser, insurance company, trust institution or bank trust department health savings account programs.

Effective April 1, 2007, the following information replaces similar information found in the "Fund Distribution" section on page 40.

In addition, pursuant to the Class A plan, Class A pays FDC a monthly 12b-1 (service) fee at an annual rate of 0.25% of Class A's average net assets throughout the month for providing shareholder support services.