Supplement to the
Fidelity^® Advisor Leveraged Company Stock Fund
Class A, Class T, Class B, and Class C
January 29, 2008
Prospectus

The following information replaces similar information found under the heading "Dividends and Capital Gain Distributions" on page 25.

<R>The fund normally pays dividends and capital gain distributions in September and December.</R>

ALSF-08-01 June 10, 2008
1.756220.119

Supplement to the
Fidelity^® Advisor Leveraged Company Stock Fund
Institutional Class
January 29, 2008
Prospectus

The following information replaces similar information found under the heading "Dividends and Capital Gain Distributions" on page 23.

<R>The fund normally pays dividends and capital gain distributions in September and December.</R>

ALSFI-08-01 June 10, 2008
1.756219.114