A T B C | Fidelity Advisor High Income Advantage Fund

Fund Summary

Fund/Class:

Fidelity Advisor^® High Income Advantage Fund/A, T, B, C

Investment Objective

The fund seeks a combination of a high level of income and the potential for capital gains.

Fee Table

The following table describes the fees and expenses that may be incurred when you buy, hold, or sell shares of the fund.

You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the fund or certain other Fidelity funds. More information about these and other discounts is available from your investment professional and in the Fund Distribution section beginning on page (Click Here) of the prospectus.

Shareholder fees (fees paid directly from your investment)

Shareholder Fees A T B C Fidelity Advisor High Income Advantage Fund		Fidelity Advisor High Income Advantage Fund - Class A		Fidelity Advisor High Income Advantage Fund - Class T		Fidelity Advisor High Income Advantage Fund - Class B		Fidelity Advisor High Income Advantage Fund - Class C
Maximum sales charge (load) on purchases (as a % of offering price)		4.00%		4.00%		none		none
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption proceeds)		none	[1]	none	[1]	5.00%	[2]	1.00%	[3]
Redemption fee on shares held (as a % of amount redeemed)	[4]	1.00%		1.00%		1.00%		1.00%

Annual class operating expenses (expenses that you pay each year as a % of the value of your investment)

Annual Class Operating Expenses A T B C Fidelity Advisor High Income Advantage Fund	Fidelity Advisor High Income Advantage Fund - Class A	Fidelity Advisor High Income Advantage Fund - Class T	Fidelity Advisor High Income Advantage Fund - Class B	Fidelity Advisor High Income Advantage Fund - Class C
Management fee	0.57%	0.57%	0.57%	0.57%
Distribution and/or Service (12b-1) fees	0.25%	0.25%	0.90%	1.00%
Other expenses	0.21%	0.20%	0.28%	0.20%
Total annual operating expenses	1.03%	1.02%	1.75%	1.77%

This example helps compare the cost of investing in the fund with the cost of investing in other mutual funds.

Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated and if you hold your shares:

Sell All Shares

Expense Example A T B C Fidelity Advisor High Income Advantage Fund (USD $)	Fidelity Advisor High Income Advantage Fund - Class A	Fidelity Advisor High Income Advantage Fund - Class T	Fidelity Advisor High Income Advantage Fund - Class B	Fidelity Advisor High Income Advantage Fund - Class C
1 year	501	500	678	280
3 years	715	712	851	557
5 years	946	941	1,149	959
10 years	1,609	1,598	1,783	2,084

Hold Shares

Expense Example, No Redemption A T B C Fidelity Advisor High Income Advantage Fund (USD $)	Fidelity Advisor High Income Advantage Fund - Class A	Fidelity Advisor High Income Advantage Fund - Class T	Fidelity Advisor High Income Advantage Fund - Class B	Fidelity Advisor High Income Advantage Fund - Class C
1 year	501	500	178	180
3 years	715	712	551	557
5 years	946	941	949	959
10 years	1,609	1,598	1,783	2,084

Portfolio Turnover

The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 68% of the average value of its portfolio.

Principal Investment Strategies

• Normally investing primarily in income-producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities.

• Potentially investing in non-income producing securities, including defaulted securities and common stocks.

• Investing up to 20% of total assets in common stocks.

• Investing in companies in troubled or uncertain financial condition.

• Investing in domestic and foreign issuers.

• Using fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.

Principal Investment Risks

• Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.

• Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.

• Foreign Exposure. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market.

• Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. Lower-quality debt securities (those of less than investment-grade quality) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments and can be difficult to resell.

An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund.

Performance

The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. The index description appears in the Additional Information about the Index section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.

Visit www.advisor.fidelity.com for updated return information.

Year-by-Year Returns

The returns in the bar chart do not reflect any applicable sales charges; if sales charges were reflected, returns would be lower than those shown.

Calendar Years

During the periods shown in the chart for Class A:	Returns	Quarter ended
Highest Quarter Return	34.47%	June 30, 2009
Lowest Quarter Return	-26.81%	December 31, 2008
Year-to-Date Return	-6.09%	September 30, 2011

Average Annual Returns

Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement.

For the periods ended

December 31, 2010

Average Annual Total Returns A T B C Fidelity Advisor High Income Advantage Fund	Past 1 year	Past 5 years	Past 10 years
Return Before Taxes Fidelity Advisor High Income Advantage Fund - Class A	13.08%	6.70%	8.54%
Return Before Taxes Fidelity Advisor High Income Advantage Fund - Class T	13.14%	6.69%	8.50%
Return Before Taxes Fidelity Advisor High Income Advantage Fund - Class B	11.96%	6.51%	8.41%
Return Before Taxes Fidelity Advisor High Income Advantage Fund - Class C	16.09%	6.78%	8.14%
Return After Taxes on Distributions Fidelity Advisor High Income Advantage Fund - Class A	10.44%	4.16%	5.52%
Return After Taxes on Distributions and Sale of Fund Shares Fidelity Advisor High Income Advantage Fund - Class A	8.39%	4.15%	5.43%
The BofA Merrill Lynch℠ US High Yield Constrained Index (reflects no deduction for fees, expenses, or taxes)	15.07%	8.83%	8.75%

[1] Class A and Class T purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class T purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% or 0.25%, respectively.

[2] Declines over 6 years from 5.00% to 0%.

[3] On Class C shares redeemed less than one year after purchase.

[4] Held less than 90 days