N-CSR 1 main.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-6440

Fidelity Aberdeen Street Trust
(Exact name of registrant as specified in charter)

245 Summer St., Boston, Massachusetts 02210
(Address of principal executive offices) (Zip code)

Scott C. Goebel, Secretary

245 Summer St.

Boston, Massachusetts 02210
(Name and address of agent for service)

Registrant's telephone number, including area code: 617-563-7000

Date of fiscal year end:	March 31

Date of reporting period:	March 31, 2014

Item 1. Reports to Stockholders

Fidelity Advisor Freedom Funds®-

Income, 2005, 2010, 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050 - Class A, Class T, Class B and Class C

Fidelity Advisor Freedom® 2055 Fund -

Class A, Class T, and Class C

Annual Report

March 31, 2014

(Fidelity Cover Art)

Performance	(Click Here)	How the fund has done over time.
Management's Discussion of Fund Performance	(Click Here)	The Portfolio Managers' review of fund performance and strategy.
Shareholder Expense Example	(Click Here)	An example of shareholder expenses.
Fidelity Advisor Freedom Income Fund®	(Click Here) (Click Here) (Click Here)	Investment Changes Investments Financial Statements
Fidelity Advisor Freedom 2005 Fund®	(Click Here) (Click Here) (Click Here)	Investment Changes Investments Financial Statements
Fidelity Advisor Freedom 2010 Fund®	(Click Here) (Click Here) (Click Here)	Investment Changes Investments Financial Statements
Fidelity Advisor Freedom 2015 Fund®	(Click Here) (Click Here) (Click Here)	Investment Changes Investments Financial Statements
Fidelity Advisor Freedom 2020 Fund®	(Click Here) (Click Here) (Click Here)	Investment Changes Investments Financial Statements
Fidelity Advisor Freedom 2025 Fund®	(Click Here) (Click Here) (Click Here)	Investment Changes Investments Financial Statements
Fidelity Advisor Freedom 2030 Fund®	(Click Here) (Click Here) (Click Here)	Investment Changes Investments Financial Statements
Fidelity Advisor Freedom 2035 Fund®	(Click Here) (Click Here) (Click Here)	Investment Changes Investments Financial Statements
Fidelity Advisor Freedom 2040 Fund®	(Click Here) (Click Here) (Click Here)	Investment Changes Investments Financial Statements
Fidelity Advisor Freedom 2045 Fund®	(Click Here) (Click Here) (Click Here)	Investment Changes Investments Financial Statements
Fidelity Advisor Freedom 2050 Fund®	(Click Here) (Click Here) (Click Here)	Investment Changes Investments Financial Statements
Fidelity Advisor Freedom® 2055 Fund	(Click Here) (Click Here) (Click Here)	Investment Changes Investments Financial Statements
Notes	(Click Here)	Notes to the financial statements.
Report of Independent Registered Public Accounting Firm	(Click Here)
Trustees and Officers	(Click Here)
Distributions	(Click Here)

Annual Report

To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov. You may also call 1-877-208-0098 to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

This report and the financial statements contained herein are submitted for the general information of the shareholders of the funds. This report is not authorized for distribution to prospective investors in the funds unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC's web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC's Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330. For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.advisor.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED • MAY LOSE VALUE • NO BANK GUARANTEE

Neither the funds nor Fidelity Distributors Corporation is a bank.

Annual Report

Fidelity Advisor Freedom Income Fund® - Class A, T, B, and C

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of the class' distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The $10,000 table and the fund's returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund's total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow. Returns reflect the conversion of Class B shares to Class A shares after a maximum of seven years.

Average Annual Total Returns

Periods ended March 31, 2014	Past 1 year	Past 5 years	Past 10 years
Class A (incl. 5.75% sales charge)	-2.31%	6.59%	3.27%
Class T (incl. 3.50% sales charge)	-0.22%	6.84%	3.25%
Class B (incl. contingent deferred sales charge) ^A	-2.14%	6.76%	3.33%
Class C (incl. contingent deferred sales charge) ^B	1.89%	7.06%	3.10%

^AClass B shares' contingent deferred sales charges included in the past one year, past five years, and past ten years total return figures are 5%, 2%, and 0%, respectively.

^BClass C shares' contingent deferred sales charges included in the past one year, past five years, and past ten years total return figures are 1%, 0%, and 0%, respectively.

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom Income Fund® - Class A on March 31, 2004, and the current 5.75% sales charge was paid. The chart shows how the value of your investment would have changed, and also shows how the Barclays® U.S. Aggregate Bond Index performed over the same period.

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Annual Report

Fidelity Advisor Freedom 2005 Fund ®- Class A, T, B, and C

Performance: The Bottom Line

Average Annual Total Returns

Periods ended March 31, 2014	Past 1 year	Past 5 years	Past 10 years
Class A (incl. 5.75% sales charge)	-0.12%	9.94%	3.84%
Class T (incl. 3.50% sales charge)	1.98%	10.18%	3.83%
Class B (incl. contingent deferred sales charge) ^A	0.22%	10.16%	3.92%
Class C (incl. contingent deferred sales charge) ^B	4.28%	10.42%	3.69%

^AClass B shares' contingent deferred sales charges included in the past one year, past five years, and past ten years total return figures are 5%, 2%, and 0%, respectively.

^BClass C shares' contingent deferred sales charges included in the past one year, past five years, and past ten years total return figures are 1%, 0%, and 0%, respectively.

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom 2005 Fund® - Class A on March 31, 2004, and the current 5.75% sales charge was paid. The chart shows how the value of your investment would have changed, and also shows how the Barclays U.S. Aggregate Bond Index performed over the same period.

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Annual Report

Fidelity Advisor Freedom 2010 Fund ®- Class A, T, B, and C

Performance: The Bottom Line

Average Annual Total Returns

Periods ended March 31, 2014	Past 1 year	Past 5 years	Past 10 years
Class A (incl. 5.75% sales charge)	1.66%	11.40%	4.36%
Class T (incl. 3.50% sales charge)	3.86%	11.65%	4.35%
Class B (incl. contingent deferred sales charge) ^A	2.01%	11.63%	4.43%
Class C (incl. contingent deferred sales charge) ^B	6.04%	11.86%	4.19%

^AClass B shares' contingent deferred sales charges included in the past one year, past five years, and past ten years total return figures are 5%, 2%, and 0%, respectively.

^BClass C shares' contingent deferred sales charges included in the past one year, past five years, and past ten years total return figures are 1%, 0%, and 0%, respectively.

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom 2010 Fund® - Class A on March 31, 2004, and the current 5.75% sales charge was paid. The chart shows how the value of your investment would have changed, and also shows how the Barclays U.S. Aggregate Bond Index performed over the same period.

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Annual Report

Fidelity Advisor Freedom 2015 Fund®- Class A, T, B, and C

Performance: The Bottom Line

Average Annual Total Returns

Periods ended March 31, 2014	Past 1 year	Past 5 years	Past 10 years
Class A (incl. 5.75% sales charge)	2.30%	11.84%	4.64%
Class T (incl. 3.50% sales charge)	4.41%	12.08%	4.63%
Class B (incl. contingent deferred sales charge) ^A	2.68%	12.05%	4.71%
Class C (incl. contingent deferred sales charge) ^B	6.65%	12.33%	4.47%

^AClass B shares' contingent deferred sales charges included in the past one year, past five years, and past ten years total return figures are 5%, 2%, and 0%, respectively.

^BClass C shares' contingent deferred sales charges included in the past one year, past five years, and past ten years total return figures are 1%, 0%, and 0%, respectively.

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom 2015 Fund® - Class A on March 31, 2004, and the current 5.75% sales charge was paid. The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.

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Annual Report

Fidelity Advisor Freedom 2020 Fund®- Class A, T, B, and C

Performance: The Bottom Line

Average Annual Total Returns

Periods ended March 31, 2014	Past 1 year	Past 5 years	Past 10 years
Class A (incl. 5.75% sales charge)	3.09%	13.29%	4.63%
Class T (incl. 3.50% sales charge)	5.30%	13.56%	4.61%
Class B (incl. contingent deferred sales charge) ^A	3.49%	13.55%	4.70%
Class C (incl. contingent deferred sales charge) ^B	7.57%	13.81%	4.47%

^AClass B shares' contingent deferred sales charges included in the past one year, past five years, and past ten years total return figures are 5%, 2%, and 0%, respectively.

^BClass C shares' contingent deferred sales charges included in the past one year, past five years, and past ten years total return figures are 1%, 0%, and 0%, respectively.

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom 2020 Fund® - Class A on March 31, 2004, and the current 5.75% sales charge was paid. The chart shows how the value of your investment would have changed, and also shows how the S&P 500 Index performed over the same period.

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Annual Report

Fidelity Advisor Freedom 2025 Fund®- Class A, T, B, and C

Performance: The Bottom Line

Average Annual Total Returns

Periods ended March 31, 2014	Past 1 year	Past 5 years	Past 10 years
Class A (incl. 5.75% sales charge)	5.13%	14.48%	4.97%
Class T (incl. 3.50% sales charge)	7.37%	14.74%	4.97%
Class B (incl. contingent deferred sales charge) ^A	5.71%	14.75%	5.05%
Class C (incl. contingent deferred sales charge) ^B	9.71%	14.98%	4.81%

^AClass B shares' contingent deferred sales charges included in the past one year, past five years, and past ten years total return figures are 5%, 2%, and 0%, respectively.

^BClass C shares' contingent deferred sales charges included in the past one year, past five years, and past ten years total return figures are 1%, 0%, and 0%, respectively.

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom 2025 Fund® - Class A on March 31, 2004, and the current 5.75% sales charge was paid. The chart shows how the value of your investment would have changed, and also shows how the S&P 500 Index performed over the same period.

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Annual Report

Fidelity Advisor Freedom 2030 Fund®- Class A, T, B, and C

Performance: The Bottom Line

Average Annual Total Returns

Periods ended March 31, 2014	Past 1 year	Past 5 years	Past 10 years
Class A (incl. 5.75% sales charge)	6.12%	15.24%	4.84%
Class T (incl. 3.50% sales charge)	8.36%	15.48%	4.81%
Class B (incl. contingent deferred sales charge)^A	6.69%	15.50%	4.90%
Class C (incl. contingent deferred sales charge) ^B	10.77%	15.74%	4.67%

^AClass B shares' contingent deferred sales charges included in the past one year, past five years, and past ten years total return figures are 5%, 2%, and 0%, respectively.

^BClass C shares' contingent deferred sales charges included in the past one year, past five years, and past ten years total return figures are 1%, 0%, and 0%, respectively.

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom 2030 Fund® - Class A on March 31, 2004, and the current 5.75% sales charge was paid. The chart shows how the value of your investment would have changed, and also shows how the S&P 500 Index performed over the same period.

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Annual Report

Fidelity Advisor Freedom 2035 Fund®- Class A, T, B, and C

Performance: The Bottom Line

Average Annual Total Returns

Periods ended March 31, 2014	Past 1 year	Past 5 years	Past 10 years
Class A (incl. 5.75% sales charge)	7.59%	15.90%	5.05%
Class T (incl. 3.50% sales charge)	9.83%	16.15%	5.02%
Class B (incl. contingent deferred sales charge)^A	8.32%	16.19%	5.11%
Class C (incl. contingent deferred sales charge) ^B	12.27%	16.38%	4.87%

^AClass B shares' contingent deferred sales charges included in the past one year, past five years, and past ten years total return figures are 5%, 2%, and 0%, respectively.

^BClass C shares' contingent deferred sales charges included in the past one year, past five years, and past ten years total return figures are 1%, 0%, and 0%, respectively.

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom 2035 Fund® - Class A on March 31, 2004, and the current 5.75% sales charge was paid. The chart shows how the value of your investment would have changed, and also shows how the S&P 500 Index performed over the same period.

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Annual Report

Fidelity Advisor Freedom 2040 Fund®- Class A, T, B, and C

Performance: The Bottom Line

Average Annual Total Returns

Periods ended March 31, 2014	Past 1 year	Past 5 years	Past 10 years
Class A (incl. 5.75% sales charge)	7.80%	16.22%	5.04%
Class T (incl. 3.50% sales charge)	10.07%	16.48%	5.02%
Class B (incl. contingent deferred sales charge) ^A	8.49%	16.50%	5.11%
Class C (incl. contingent deferred sales charge) ^B	12.57%	16.74%	4.87%

^AClass B shares' contingent deferred sales charges included in the past one year, past five years, and past ten years total return figures are 5%, 2%, and 0%, respectively.

^BClass C shares' contingent deferred sales charges included in the past one year, past five years, and past ten years total return figures are 1%, 0%, and 0%, respectively.

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom 2040 Fund® - Class A on March 31, 2004, and the current 5.75% sales charge was paid. The chart shows how the value of your investment would have changed, and also shows how the S&P 500 Index performed over the same period.

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Annual Report

Fidelity Advisor Freedom 2045 Fund®- Class A, T, B, and C

Performance: The Bottom Line

Average Annual Total Returns

Periods ended March 31, 2014	Past 1 year	Past 5 years	Life of fund^A
Class A (incl. 5.75% sales charge)	8.14%	16.45%	3.98%
Class T (incl. 3.50% sales charge)	10.45%	16.73%	4.04%
Class B (incl. contingent deferred sales charge) ^B	8.93%	16.75%	4.08%
Class C (incl. contingent deferred sales charge) ^C	12.95%	17.02%	4.01%

^AFrom June 1, 2006.

^BClass B shares' contingent deferred sales charges included in the past one year, past five years, and life of fund total return figures are 5%, 2%, and 0%, respectively.

^CClass C shares' contingent deferred sales charges included in the past one year, past five years, and life of fund total return figures are 1%, 0%, and 0%, respectively.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom 2045 Fund® - Class A on June 1, 2006, when the fund started, and the current 5.75% sales charge was paid. The chart shows how the value of your investment would have changed, and also shows how the S&P 500 Index performed over the same period.

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Annual Report

Fidelity Advisor Freedom 2050 Fund®- Class A, T, B, and C

Performance: The Bottom Line

Average Annual Total Returns

Periods ended March 31, 2014	Past 1 year	Past 5 years	Life of fund^A
Class A (incl. 5.75% sales charge)	8.30%	16.79%	3.84%
Class T (incl. 3.50% sales charge)	10.60%	17.05%	3.90%
Class B (incl. contingent deferred sales charge) ^B	9.06%	17.09%	3.95%
Class C (incl. contingent deferred sales charge) ^C	13.06%	17.37%	3.88%

^AFrom June 1, 2006.

^BClass B shares' contingent deferred sales charges included in the past one year, past five years, and life of fund total return figures are 5%, 2%, and 0%, respectively.

^CClass C shares' contingent deferred sales charges included in the past one year, past five years, and life of fund total return figures are 1%, 0%, and 0%, respectively.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom 2050 Fund® - Class A on June 1, 2006, when the fund started, and the current 5.75% sales charge was paid. The chart shows how the value of your investment would have changed, and also shows how the S&P 500 Index performed over the same period.

aff4019871

Annual Report

Fidelity Advisor Freedom® 2055 Fund - Class A, T, and C

Performance: The Bottom Line

Average Annual Total Returns

Periods ended March 31, 2014	Past 1 year	Life of fund ^A
Class A (incl. 5.75% sales charge)	8.81%	6.83%
Class T (incl. 3.50% sales charge)	11.04%	7.44%
Class C (incl. contingent deferred sales charge) ^B	13.46%	8.26%

^A From June 1, 2011.

^B Class C shares' contingent deferred sales charges included in the past one year and life of fund total return figures are 1% and 0%, respectively.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom 2055 Fund - Class A on June 1, 2011, when the fund started, and the current 5.75% sales charge was paid. The chart shows how the value of your investment would have changed, and also shows how the S&P 500 Index performed over the same period.

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Annual Report

Management's Discussion of Fund Performance

Market Recap: U.S. stocks overcame fears of higher rates and a volatile January to post their strongest gains in four years. The S&P 500® Index returned 21.86% for the 12 months ending March 31, 2014, amid the lowest volatility since before the 2007-2008 financial crisis. The index ended the period near all-time highs, buoyed by U.S. Federal Reserve policies that balanced stimulus reductions with low interest rates. Stock valuations remained only slightly above long-term averages, supported by corporate profits that more than doubled in the past five years. Most defensive groups lagged in a risk-taking environment; although that changed in the first quarter of 2014 when historically defensive utility stocks led a tepid market advance amid rising tension in Ukraine, fear of a slowing economy in China and a late-January decline for momentum stocks. Health care stocks within the S&P 500® led all sectors over the 12-month period for the first time since the corresponding 2009 year, as new insurance programs and a favorable drug-approval environment raised earnings-growth expectations. Aerospace and defense achieved one of its strongest returns in more than two decades. Reflecting economic optimism, the growth-oriented Nasdaq Composite Index® rose 30.18% and the small-cap Russell 2000® Index rose 24.90%, the latter posting a record 7th-straight quarterly gain.

While stocks rose, bonds with a high sensitivity to interest rate changes performed poorly for much of the period as the Fed made plans to cut back on its asset purchases aimed at stimulating the economy. The Barclays® U.S. Aggregate Bond Index, representing investment-grade debt, returned -0.10%, compared with its long-term average annual return of 8.13%. High-yield investments led all fixed-income sectors as they continued to rally alongside equities; The BofA Merrill Lynch^SM US High Yield Constrained Index returned 7.52%, as investors accepted more risk in exchange for typically higher yields.

Comments from Chris Sharpe and Andrew Dierdorf, Co-Portfolio Managers of Fidelity Advisor Freedom Funds®: On an absolute basis, the Class A, Class T, Class B and Class C shares of each Advisor Freedom Fund posted a positive return (excluding sales charges) for the 12 months ending March 31, 2014. The longer-dated Funds delivered the highest absolute returns; however, each Fund's class shares lagged their respective Composite indexes. The Funds' U.S. equity holdings, in aggregate, finished behind the 22.58% return of their asset-class benchmark, the Dow Jones U.S. Total Stock Market Index^SM. An out-of-benchmark allocation to Fidelity® Series Commodity Strategy Fund hurt relative results. Other notable detractors included Fidelity Advisor® Series Equity-Income Fund and Fidelity Advisor® Series Stock Selector Large Cap Value Fund. On the positive side, the growth-oriented Fidelity Advisor Equity Growth Fund and Fidelity Advisor Series Opportunistic Insights Fund were among the leading contributors. The Funds' non-U.S. holdings, in aggregate, also underperformed their asset-class benchmark. Fidelity® Series Emerging Markets Fund was the biggest detractor; Fidelity Series International Growth Fund also hurt. Fidelity Series International Small Cap Fund helped. Note: On January 1, 2014, the non-U.S. equity asset-class benchmark was changed from the MSCI EAFE Index to the MSCI ACWI (All Country World Index) ex USA Index, which includes exposure to emerging markets. In bonds, the Funds' underlying investments, in aggregate, exceeded the slightly negative result for the fixed-income asset-class benchmark, the Barclays® U.S. Aggregate Bond Index. Here, the Funds' allocation to Fidelity Series Investment Grade Bond Fund helped, as did allocations to Fidelity Series High Income Fund, Fidelity Series Floating Rate High Income Fund and Fidelity Series Real Estate Income Fund. Conversely, the Funds' investment in Fidelity Series Emerging Markets Debt Fund and Fidelity Series Inflation-Protected Bond Index Fund detracted.

The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.

Annual Report

Shareholder Expense Example

As a shareholder of a Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments or redemption proceeds, and (2) ongoing costs, including distribution and/or service (12b-1) fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (October 1, 2013 to March 31, 2014).

Actual Expenses

The first line of the accompanying table for each class of each fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a class of the fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. In addition, each Fund, as a shareholder in underlying Fidelity Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Funds. These fees and expenses are not included in each Fund's annualized expense ratio used to calculate the expense estimates in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table for each class of each fund provides information about hypothetical account values and hypothetical expenses based on a Class' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Class' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. In addition, each Fund, as a shareholder in underlying Fidelity Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Funds. These fees and expenses are not included in each Fund's annualized expense ratio used to calculate the expense estimates in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

	Annualized Expense Ratio ^B	Beginning Account Value October 1, 2013	Ending Account Value March 31, 2014	Expenses Paid During Period* October 1, 2013 to March 31, 2014
Advisor Freedom Income
Class A	.25%
Actual		$ 1,000.00	$ 1,031.30	$ 1.27
Hypothetical^A		$ 1,000.00	$ 1,023.68	$ 1.26
Class T	.50%
Actual		$ 1,000.00	$ 1,030.10	$ 2.53
Hypothetical^A		$ 1,000.00	$ 1,022.44	$ 2.52
Class B	1.00%
Actual		$ 1,000.00	$ 1,027.30	$ 5.05
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Class C	1.00%
Actual		$ 1,000.00	$ 1,026.60	$ 5.05
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,032.50	$ .00
Hypothetical^A		$ 1,000.00	$ 1,024.93	$ .00
	Annualized Expense Ratio ^B	Beginning Account Value October 1, 2013	Ending Account Value March 31, 2014	Expenses Paid During Period* October 1, 2013 to March 31, 2014
Advisor Freedom 2005
Class A	.25%
Actual		$ 1,000.00	$ 1,041.30	$ 1.27
Hypothetical^A		$ 1,000.00	$ 1,023.68	$ 1.26
Class T	.50%
Actual		$ 1,000.00	$ 1,039.80	$ 2.54
Hypothetical^A		$ 1,000.00	$ 1,022.44	$ 2.52
Class B	1.00%
Actual		$ 1,000.00	$ 1,038.10	$ 5.08
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Class C	1.00%
Actual		$ 1,000.00	$ 1,037.80	$ 5.08
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,043.00	$ .00
Hypothetical^A		$ 1,000.00	$ 1,024.93	$ .00
Advisor Freedom 2010
Class A	.25%
Actual		$ 1,000.00	$ 1,050.50	$ 1.28
Hypothetical^A		$ 1,000.00	$ 1,023.68	$ 1.26
Class T	.50%
Actual		$ 1,000.00	$ 1,048.80	$ 2.55
Hypothetical^A		$ 1,000.00	$ 1,022.44	$ 2.52
Class B	1.00%
Actual		$ 1,000.00	$ 1,045.70	$ 5.10
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Class C	1.00%
Actual		$ 1,000.00	$ 1,045.80	$ 5.10
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,051.50	$ .00
Hypothetical^A		$ 1,000.00	$ 1,024.93	$ .00
Advisor Freedom 2015
Class A	.25%
Actual		$ 1,000.00	$ 1,054.60	$ 1.28
Hypothetical^A		$ 1,000.00	$ 1,023.68	$ 1.26
Class T	.50%
Actual		$ 1,000.00	$ 1,053.60	$ 2.56
Hypothetical^A		$ 1,000.00	$ 1,022.44	$ 2.52
Class B	1.00%
Actual		$ 1,000.00	$ 1,050.50	$ 5.11
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Class C	1.00%
Actual		$ 1,000.00	$ 1,051.00	$ 5.11
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,056.20	$ .00
Hypothetical^A		$ 1,000.00	$ 1,024.93	$ .00
	Annualized Expense Ratio ^B	Beginning Account Value October 1, 2013	Ending Account Value March 31, 2014	Expenses Paid During Period* October 1, 2013 to March 31, 2014
Advisor Freedom 2020
Class A	.25%
Actual		$ 1,000.00	$ 1,058.70	$ 1.28
Hypothetical^A		$ 1,000.00	$ 1,023.68	$ 1.26
Class T	.50%
Actual		$ 1,000.00	$ 1,057.50	$ 2.56
Hypothetical^A		$ 1,000.00	$ 1,022.44	$ 2.52
Class B	1.00%
Actual		$ 1,000.00	$ 1,054.30	$ 5.12
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Class C	1.00%
Actual		$ 1,000.00	$ 1,055.00	$ 5.12
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,060.20	$ .00
Hypothetical^A		$ 1,000.00	$ 1,024.93	$ .00
Advisor Freedom 2025
Class A	.25%
Actual		$ 1,000.00	$ 1,067.50	$ 1.29
Hypothetical^A		$ 1,000.00	$ 1,023.68	$ 1.26
Class T	.50%
Actual		$ 1,000.00	$ 1,066.40	$ 2.58
Hypothetical^A		$ 1,000.00	$ 1,022.44	$ 2.52
Class B	1.00%
Actual		$ 1,000.00	$ 1,063.70	$ 5.15
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Class C	1.00%
Actual		$ 1,000.00	$ 1,064.30	$ 5.15
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,068.90	$ .00
Hypothetical^A		$ 1,000.00	$ 1,024.93	$ .00
Advisor Freedom 2030
Class A	.25%
Actual		$ 1,000.00	$ 1,073.20	$ 1.29
Hypothetical^A		$ 1,000.00	$ 1,023.68	$ 1.26
Class T	.50%
Actual		$ 1,000.00	$ 1,071.60	$ 2.58
Hypothetical^A		$ 1,000.00	$ 1,022.44	$ 2.52
Class B	1.00%
Actual		$ 1,000.00	$ 1,068.70	$ 5.16
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Class C	1.00%
Actual		$ 1,000.00	$ 1,069.20	$ 5.16
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,074.80	$ .00
Hypothetical^A		$ 1,000.00	$ 1,024.93	$ .00
	Annualized Expense Ratio ^B	Beginning Account Value October 1, 2013	Ending Account Value March 31, 2014	Expenses Paid During Period* October 1, 2013 to March 31, 2014
Advisor Freedom 2035
Class A	.25%
Actual		$ 1,000.00	$ 1,077.60	$ 1.29
Hypothetical^A		$ 1,000.00	$ 1,023.68	$ 1.26
Class T	.50%
Actual		$ 1,000.00	$ 1,075.50	$ 2.59
Hypothetical^A		$ 1,000.00	$ 1,022.44	$ 2.52
Class B	1.00%
Actual		$ 1,000.00	$ 1,073.10	$ 5.17
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Class C	1.00%
Actual		$ 1,000.00	$ 1,072.60	$ 5.17
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,078.30	$ .00
Hypothetical^A		$ 1,000.00	$ 1,024.93	$ .00
Advisor Freedom 2040
Class A	.25%
Actual		$ 1,000.00	$ 1,077.70	$ 1.30
Hypothetical^A		$ 1,000.00	$ 1,023.68	$ 1.26
Class T	.50%
Actual		$ 1,000.00	$ 1,076.00	$ 2.59
Hypothetical^A		$ 1,000.00	$ 1,022.44	$ 2.52
Class B	1.00%
Actual		$ 1,000.00	$ 1,073.40	$ 5.17
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Class C	1.00%
Actual		$ 1,000.00	$ 1,074.00	$ 5.17
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,079.20	$ .00
Hypothetical^A		$ 1,000.00	$ 1,024.93	$ .00
Advisor Freedom 2045
Class A	.25%
Actual		$ 1,000.00	$ 1,078.30	$ 1.30
Hypothetical^A		$ 1,000.00	$ 1,023.68	$ 1.26
Class T	.50%
Actual		$ 1,000.00	$ 1,078.00	$ 2.59
Hypothetical^A		$ 1,000.00	$ 1,022.44	$ 2.52
Class B	1.00%
Actual		$ 1,000.00	$ 1,074.90	$ 5.17
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Class C	1.00%
Actual		$ 1,000.00	$ 1,074.90	$ 5.17
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,080.80	$ .00
Hypothetical^A		$ 1,000.00	$ 1,024.93	$ .00
	Annualized Expense Ratio ^B	Beginning Account Value October 1, 2013	Ending Account Value March 31, 2014	Expenses Paid During Period* October 1, 2013 to March 31, 2014
Advisor Freedom 2050
Class A	.25%
Actual		$ 1,000.00	$ 1,079.50	$ 1.30
Hypothetical^A		$ 1,000.00	$ 1,023.68	$ 1.26
Class T	.50%
Actual		$ 1,000.00	$ 1,078.00	$ 2.59
Hypothetical^A		$ 1,000.00	$ 1,022.44	$ 2.52
Class B	1.00%
Actual		$ 1,000.00	$ 1,074.90	$ 5.17
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Class C	1.00%
Actual		$ 1,000.00	$ 1,075.90	$ 5.18
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,080.90	$ .00
Hypothetical^A		$ 1,000.00	$ 1,024.93	$ .00
Advisor Freedom 2055
Class A	.25%
Actual		$ 1,000.00	$ 1,080.70	$ 1.30
Hypothetical^A		$ 1,000.00	$ 1,023.68	$ 1.26
Class T	.50%
Actual		$ 1,000.00	$ 1,078.60	$ 2.59
Hypothetical^A		$ 1,000.00	$ 1,022.44	$ 2.52
Class C	1.00%
Actual		$ 1,000.00	$ 1,076.10	$ 5.18
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,081.00	$ .00
Hypothetical^A		$ 1,000.00	$ 1,024.93	$ .00

^A 5% return per year before expenses

^B Annualized expense ratio reflects expenses net of applicable fee waivers.

* Expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/ 365 (to reflect the one-half year period). The fees and expenses of the underlying Fidelity Funds in which each Fund invests are not included in each Class' annualized expense ratio.

Annual Report

Fidelity Advisor Freedom Income Fund

Investment Changes (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of March 31, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Domestic Equity Funds
Fidelity Advisor Equity Growth Fund Institutional Class	1.5	1.9
Fidelity Advisor Series Equity-Income Fund	2.9	1.3
Fidelity Advisor Series Growth & Income Fund	2.3	1.3
Fidelity Advisor Series Growth Opportunities Fund	1.4	0.0
Fidelity Advisor Series Opportunistic Insights Fund	1.3	1.0
Fidelity Advisor Series Small Cap Fund	0.8	0.0
Fidelity Advisor Series Stock Selector Large Cap Value Fund	1.9	1.3
Fidelity Series 100 Index Fund	0.8	0.3
Fidelity Series 1000 Value Index Fund	0.3	0.0
Fidelity Series All-Sector Equity Fund	1.9	2.3
Fidelity Series Commodity Strategy Fund	1.1	1.9
Fidelity Series Real Estate Equity Fund	0.2	0.2
Fidelity Series Small Cap Opportunities Fund	1.0	0.8
Fidelity Advisor Large Cap Fund Institutional Class	0.0	0.9
Fidelity Advisor Small Cap Fund Institutional Class	0.0	0.7
Fidelity Series Large Cap Value Fund	0.0	1.2
	17.4	15.1
International Equity Funds
Fidelity Series Emerging Markets Fund	1.5	1.2
Fidelity Series International Growth Fund	2.6	2.0
Fidelity Series International Small Cap Fund	0.6	0.4
Fidelity Series International Value Fund	2.5	2.1
	7.2	5.7
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.5	0.5
Fidelity Series Floating Rate High Income Fund	1.2	1.1
Fidelity Series High Income Fund	5.0	4.9
Fidelity Series Inflation-Protected Bond Index Fund	2.7	11.1
Fidelity Series Investment Grade Bond Fund	35.9	21.6
Fidelity Series Real Estate Income Fund	0.4	0.4
	45.7	39.6
Short-Term Funds
Fidelity Advisor Short Fixed-Income Fund Institutional Class	13.4	17.8
Fidelity Institutional Money Market Portfolio Institutional Class	16.3	21.8
	29.7	39.6
Net Other Assets (Liabilities)*	0.0	0.0
	100.0	100.0

* Amount represents less than 0.1%

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds**	17.4%
	International Equity Funds	7.2%
	Bond Funds	45.7%
	Short-Term Funds	29.7%

aff4019883

Six months ago
	Domestic Equity Funds**	15.1%
	International Equity Funds	5.7%
	Bond Funds	39.6%
	Short-Term Funds	39.6%

aff4019889

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Annual Report

Fidelity Advisor Freedom Income Fund

Investments March 31, 2014

Showing Percentage of Net Assets

Domestic Equity Funds - 17.4%
	Shares		Value
Fidelity Advisor Equity Growth Fund Institutional Class (a)(c)	47,144		$ 4,369,329
Fidelity Advisor Series Equity-Income Fund (c)	671,445		8,419,925
Fidelity Advisor Series Growth & Income Fund (c)	497,155		6,522,670
Fidelity Advisor Series Growth Opportunities Fund (c)	387,083		4,134,051
Fidelity Advisor Series Opportunistic Insights Fund (c)	270,527		3,784,677
Fidelity Advisor Series Small Cap Fund (c)	222,047		2,344,812
Fidelity Advisor Series Stock Selector Large Cap Value Fund (c)	429,442		5,436,742
Fidelity Series 100 Index Fund (c)	199,410		2,426,817
Fidelity Series 1000 Value Index Fund (c)	92,129		983,936
Fidelity Series All-Sector Equity Fund (c)	390,384		5,512,223
Fidelity Series Commodity Strategy Fund (a)(c)	367,846		3,108,298
Fidelity Series Real Estate Equity Fund (c)	45,820		591,989
Fidelity Series Small Cap Opportunities Fund (c)	205,023		2,782,159
TOTAL DOMESTIC EQUITY FUNDS (Cost $41,032,636)		50,417,628
International Equity Funds - 7.2%

Fidelity Series Emerging Markets Fund (c)	260,040		4,459,691
Fidelity Series International Growth Fund (c)	530,057		7,505,601
Fidelity Series International Small Cap Fund (c)	107,933		1,747,432
Fidelity Series International Value Fund (c)	654,337		7,276,232
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $16,857,741)		20,988,956
Bond Funds - 45.7%
	Shares		Value
Fidelity Series Emerging Markets Debt Fund (c)	133,489		$ 1,361,591
Fidelity Series Floating Rate High Income Fund (c)	323,797		3,386,915
Fidelity Series High Income Fund (c)	1,388,046		14,699,403
Fidelity Series Inflation-Protected Bond Index Fund (c)	815,177		8,029,494
Fidelity Series Investment Grade Bond Fund (c)	9,244,855		104,097,064
Fidelity Series Real Estate Income Fund (c)	95,359		1,075,648
TOTAL BOND FUNDS (Cost $129,848,407)		132,650,115
Short-Term Funds - 29.7%

Fidelity Advisor Short Fixed-Income Fund Institutional Class (c)	4,146,787		38,772,455
Fidelity Institutional Money Market Portfolio Institutional Class 0.09% (b)(c)	47,424,506		47,424,506
TOTAL SHORT-TERM FUNDS (Cost $85,373,557)		86,196,961
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $273,112,341)			290,253,660
NET OTHER ASSETS (LIABILITIES) - 0.0%			(67,612)
NET ASSETS - 100%		$ 290,186,048

Legend

(a) Non-income producing

(b) The rate quoted is the annualized seven-day yield of the fund at period end.

Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Equity Growth Fund Institutional Class	$ 5,710,077	$ 317,534	$ 3,062,949	$ -	$ 4,369,329
Fidelity Advisor Growth & Income Fund Institutional Class	3,030,254	42,439	3,331,738	-	-
Fidelity Advisor Large Cap Fund Institutional Class	3,065,549	69,172	3,679,715	-	-
Fidelity Advisor Series Equity-Income Fund	4,217,999	6,934,937	3,386,004	104,531	8,419,925
Fidelity Advisor Series Growth & Income Fund (formerly Fidelity Advisor Series Mega Cap Fund)	944,641	8,264,590	3,318,929	40,680	6,522,670
Fidelity Advisor Series Growth Opportunities Fund	-	4,394,436	540,615	1,671	4,134,051
Fidelity Advisor Series Opportunistic Insights Fund	2,977,939	1,265,653	1,220,124	-	3,784,677
Fidelity Advisor Series Small Cap Fund	-	2,515,145	303,186	1,839	2,344,812
Fidelity Advisor Series Stock Selector Large Cap Value Fund	4,236,726	2,060,182	1,416,129	43,845	5,436,742
Fidelity Advisor Short Fixed-Income Fund Institutional Class	58,469,712	4,806,053	24,425,530	402,263	38,772,455
Fidelity Advisor Small Cap Fund Institutional Class	2,340,665	146,493	2,845,340	-	-
Fidelity Institutional Money Market Portfolio Institutional Class	71,120,992	5,593,013	29,289,501	61,974	47,424,506
Fidelity Series 100 Index Fund	930,494	1,608,468	329,753	29,410	2,426,817
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Series 1000 Value Index Fund	$ -	$ 990,644	$ 69,293	$ 3,813	$ 983,936
Fidelity Series All-Sector Equity Fund	7,623,707	923,870	3,841,241	50,564	5,512,223
Fidelity Series Commodity Strategy Fund	6,348,249	1,340,584	4,266,492	-	3,108,298
Fidelity Series Emerging Markets Debt Fund	1,617,547	206,463	359,139	78,481	1,361,591
Fidelity Series Emerging Markets Fund	3,933,471	1,394,569	955,901	44,965	4,459,691
Fidelity Series Floating Rate High Income Fund	3,606,153	519,415	682,951	151,382	3,386,915
Fidelity Series High Income Fund	16,077,152	2,036,629	3,512,106	810,971	14,699,403
Fidelity Series Inflation-Protected Bond Index Fund	37,364,057	2,911,029	29,678,713	7,288	8,029,494
Fidelity Series International Growth Fund	6,557,246	2,236,542	2,008,774	52,025	7,505,601
Fidelity Series International Small Cap Fund	1,343,743	616,175	439,496	13,843	1,747,432
Fidelity Series International Value Fund	6,535,805	3,564,909	3,646,756	160,023	7,276,232
Fidelity Series Investment Grade Bond Fund	70,566,759	52,068,111	17,093,012	1,993,310	104,097,064
Fidelity Series Large Cap Value Fund	4,366,121	2,209,566	6,032,788	55,790	-
Fidelity Series Real Estate Equity Fund	651,607	95,855	148,850	9,081	591,989
Fidelity Series Real Estate Income Fund	1,201,698	170,920	257,386	61,483	1,075,648
Fidelity Series Small Cap Opportunities Fund	2,720,966	1,206,119	1,425,326	638	2,782,159
Total	$ 327,559,329	$ 110,509,515	$ 151,567,737	$ 4,179,870	$ 290,253,660

Other Information

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom Income Fund

Financial Statements

Statement of Assets and Liabilities

	March 31, 2014

Assets
Investment in securities, at value (cost $273,112,341) - See accompanying schedule		$ 290,253,660
Receivable for investments sold		871,075
Receivable for fund shares sold		393,232
Total assets		291,517,967

Liabilities
Payable for investments purchased	$ 666,323
Payable for fund shares redeemed	598,167
Distribution and service plan fees payable	67,429
Total liabilities		1,331,919

Net Assets		$ 290,186,048
Net Assets consist of:
Paid in capital		$ 268,306,836
Undistributed net investment income		341,248
Accumulated undistributed net realized gain (loss) on investments		4,396,645
Net unrealized appreciation (depreciation) on investments		17,141,319
Net Assets		$ 290,186,048

Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($147,817,614 ÷ 13,199,844 shares)		$ 11.20

Maximum offering price per share (100/94.25 of $11.20)		$ 11.88
Class T: Net Asset Value and redemption price per share ($53,019,056 ÷ 4,738,880 shares)		$ 11.19

Maximum offering price per share (100/96.50 of $11.19)		$ 11.60
Class B: Net Asset Value and offering price per share ($1,681,353 ÷ 150,356 shares)^A		$ 11.18

Class C: Net Asset Value and offering price per share ($15,734,693 ÷ 1,408,340 shares)^A		$ 11.17

Institutional Class: Net Asset Value, offering price and redemption price per share ($71,933,332 ÷ 6,406,719 shares)		$ 11.23

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

	Year ended March 31, 2014

Investment Income
Income distributions from underlying funds		$ 4,179,870

Expenses
Distribution and service plan fees	$ 851,153
Independent trustees' compensation	1,188
Total expenses before reductions	852,341
Expense reductions	(1,188)	851,153
Net investment income (loss)		3,328,717
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	5,952,496
Capital gain distributions from underlying funds	3,580,795
Total net realized gain (loss)		9,533,291
Change in net unrealized appreciation (depreciation) on underlying funds		(2,199,958)
Net gain (loss)		7,333,333
Net increase (decrease) in net assets resulting from operations		$ 10,662,050

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom Income Fund
Financial Statements - continued

Statement of Changes in Net Assets

	Year ended March 31, 2014	Year ended March 31, 2013
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 3,328,717	$ 3,306,001
Net realized gain (loss)	9,533,291	6,963,470
Change in net unrealized appreciation (depreciation)	(2,199,958)	3,721,536
Net increase (decrease) in net assets resulting from operations	10,662,050	13,991,007
Distributions to shareholders from net investment income	(3,238,481)	(3,274,495)
Distributions to shareholders from net realized gain	(8,061,375)	(4,055,113)
Total distributions	(11,299,856)	(7,329,608)
Share transactions - net increase (decrease)	(36,661,667)	17,611,622
Total increase (decrease) in net assets	(37,299,473)	24,273,021

Net Assets
Beginning of period	327,485,521	303,212,500
End of period (including undistributed net investment income of $341,248 and undistributed net investment income of $251,012, respectively)	$ 290,186,048	$ 327,485,521

Financial Highlights - Class A

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.21	$ 10.98	$ 10.85	$ 10.35	$ 8.74
Income from Investment Operations
Net investment income (loss) ^C	.12	.12	.15	.16	.22
Net realized and unrealized gain (loss)	.28	.37	.21	.57	1.66
Total from investment operations	.40	.49	.36	.73	1.88
Distributions from net investment income	(.12)	(.12)	(.15)	(.16)	(.22)
Distributions from net realized gain	(.29)	(.14)	(.08)	(.07)	(.06)
Total distributions	(.41)	(.26)	(.23)	(.23)	(.27)^F
Net asset value, end of period	$ 11.20	$ 11.21	$ 10.98	$ 10.85	$ 10.35
Total Return^A,B	3.65%	4.53%	3.34%	7.11%	21.74%
Ratios to Average Net Assets^D,E
Expenses before reductions	.25%	.25%	.25%	.25%	.25%
Expenses net of fee waivers, if any	.25%	.25%	.25%	.25%	.25%
Expenses net of all reductions	.25%	.25%	.25%	.25%	.25%
Net investment income (loss)	1.10%	1.08%	1.37%	1.48%	2.19%
Supplemental Data
Net assets, end of period (000 omitted)	$ 147,818	$ 176,876	$ 166,658	$ 157,695	$ 142,691
Portfolio turnover rate ^D	36%	17%	24%	35%	31%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the sales charges.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the investment companies in which the Fund invests.

^F Total distributions of $.27 per share is comprised of distributions from net investment income of $.217 and distributions from net realized gain of $.056 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Class T

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.20	$ 10.96	$ 10.84	$ 10.34	$ 8.73
Income from Investment Operations
Net investment income (loss) ^C	.09	.09	.12	.13	.19
Net realized and unrealized gain (loss)	.28	.38	.20	.57	1.67
Total from investment operations	.37	.47	.32	.70	1.86
Distributions from net investment income	(.09)	(.09)	(.12)	(.13)	(.19)
Distributions from net realized gain	(.29)	(.14)	(.08)	(.07)	(.06)
Total distributions	(.38)	(.23)	(.20)	(.20)	(.25)^F
Net asset value, end of period	$ 11.19	$ 11.20	$ 10.96	$ 10.84	$ 10.34
Total Return^A,B	3.40%	4.35%	3.01%	6.85%	21.47%
Ratios to Average Net Assets^D,E
Expenses before reductions	.50%	.50%	.50%	.50%	.50%
Expenses net of fee waivers, if any	.50%	.50%	.50%	.50%	.50%
Expenses net of all reductions	.50%	.50%	.50%	.50%	.50%
Net investment income (loss)	.85%	.83%	1.12%	1.23%	1.94%
Supplemental Data
Net assets, end of period (000 omitted)	$ 53,019	$ 53,734	$ 56,246	$ 57,404	$ 52,047
Portfolio turnover rate ^D	36%	17%	24%	35%	31%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the sales charges.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.25 per share is comprised of distributions from net investment income of $.193 and distributions from net realized gain of $.056 per share.

Financial Highlights - Class B

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.19	$ 10.96	$ 10.84	$ 10.33	$ 8.72
Income from Investment Operations
Net investment income (loss) ^C	.04	.04	.07	.08	.14
Net realized and unrealized gain (loss)	.28	.37	.19	.58	1.67
Total from investment operations	.32	.41	.26	.66	1.81
Distributions from net investment income	(.04)	(.04)	(.07)	(.08)	(.14)
Distributions from net realized gain	(.29)	(.14)	(.08)	(.07)	(.06)
Total distributions	(.33)	(.18)	(.14)^G	(.15)	(.20)^F
Net asset value, end of period	$ 11.18	$ 11.19	$ 10.96	$ 10.84	$ 10.33
Total Return^A,B	2.86%	3.80%	2.47%	6.39%	20.86%
Ratios to Average Net Assets^D,E
Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.35%	.33%	.62%	.73%	1.44%
Supplemental Data
Net assets, end of period (000 omitted)	$ 1,681	$ 2,294	$ 2,889	$ 3,938	$ 5,319
Portfolio turnover rate ^D	36%	17%	24%	35%	31%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the contingent deferred sales charge.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.20 per share is comprised of distributions from net investment income of $.142 and distributions from net realized gain of $.056 per share.

^G Total distributions of $.14 per share is comprised of distributions from net investment income of $.065 and distributions from net realized gain of $.079 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Class C

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.18	$ 10.96	$ 10.84	$ 10.33	$ 8.72
Income from Investment Operations
Net investment income (loss) ^C	.04	.04	.07	.08	.14
Net realized and unrealized gain (loss)	.28	.36	.20	.58	1.67
Total from investment operations	.32	.40	.27	.66	1.81
Distributions from net investment income	(.04)	(.04)	(.07)	(.08)	(.14)
Distributions from net realized gain	(.29)	(.14)	(.08)	(.07)	(.06)
Total distributions	(.33)	(.18)	(.15)	(.15)	(.20)^F
Net asset value, end of period	$ 11.17	$ 11.18	$ 10.96	$ 10.84	$ 10.33
Total Return^A,B	2.89%	3.70%	2.50%	6.42%	20.83%
Ratios to Average Net Assets^D,E
Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.35%	.33%	.62%	.73%	1.44%
Supplemental Data
Net assets, end of period (000 omitted)	$ 15,735	$ 16,606	$ 17,170	$ 16,581	$ 14,697
Portfolio turnover rate ^D	36%	17%	24%	35%	31%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the contingent deferred sales charge.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.20 per share is comprised of distributions from net investment income of $.140 and distributions from net realized gain of $.056 per share.

Financial Highlights - Institutional Class

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.23	$ 11.00	$ 10.87	$ 10.37	$ 8.75
Income from Investment Operations
Net investment income (loss) ^B	.15	.15	.18	.18	.24
Net realized and unrealized gain (loss)	.29	.37	.20	.57	1.68
Total from investment operations	.44	.52	.38	.75	1.92
Distributions from net investment income	(.15)	(.14)	(.17)	(.19)	(.24)
Distributions from net realized gain	(.29)	(.14)	(.08)	(.07)	(.06)
Total distributions	(.44)	(.29)^H	(.25)	(.25)^G	(.30)^F
Net asset value, end of period	$ 11.23	$ 11.23	$ 11.00	$ 10.87	$ 10.37
Total Return^A	3.98%	4.75%	3.58%	7.36%	22.16%
Ratios to Average Net Assets^C,E
Expenses before reductions ^D	.00%	.00%	.00%	.00%	.00%
Expenses net of fee waivers, if any	.00%	.00%	.00%	.00%	.00%
Expenses net of all reductions	.00%	.00%	.00%	.00%	.00%
Net investment income (loss)	1.35%	1.33%	1.62%	1.73%	2.44%
Supplemental Data
Net assets, end of period (000 omitted)	$ 71,933	$ 77,976	$ 60,248	$ 32,640	$ 18,137
Portfolio turnover rate ^C	36%	17%	24%	35%	31%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Calculated based on average shares outstanding during the period.

^C Amounts do not include the activity of the Underlying Funds.

^D Amount represents less than .01%.

^F Total distributions of $.30 per share is comprised of distributions from net investment income of $.243 and distributions from net realized gain of $.056 per share.

^G Total distributions of $.25 per share is comprised of distributions from net investment income of $.186 and distributions from net realized gain of $.067 per share.

^H Total distributions of $.29 per share is comprised of distributions from net investment income of $.144 and distributions from net realized gain of $.141 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2005 Fund

Investment Changes (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of March 31, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Domestic Equity Funds
Fidelity Advisor Equity Growth Fund Institutional Class	2.4	3.0
Fidelity Advisor Series Equity-Income Fund	5.1	2.0
Fidelity Advisor Series Growth & Income Fund	3.5	2.0
Fidelity Advisor Series Growth Opportunities Fund	2.4	0.0
Fidelity Advisor Series Opportunistic Insights Fund	2.2	1.6
Fidelity Advisor Series Small Cap Fund	1.4	0.0
Fidelity Advisor Series Stock Selector Large Cap Value Fund	3.4	2.0
Fidelity Series 100 Index Fund	1.4	0.5
Fidelity Series 1000 Value Index Fund	0.6	0.0
Fidelity Series All-Sector Equity Fund	3.3	3.8
Fidelity Series Commodity Strategy Fund	1.2	3.5
Fidelity Series Real Estate Equity Fund	0.4	0.3
Fidelity Series Small Cap Opportunities Fund	1.6	1.4
Fidelity Advisor Large Cap Fund Institutional Class	0.0	1.5
Fidelity Advisor Small Cap Fund Institutional Class	0.0	1.2
Fidelity Series Large Cap Value Fund	0.0	2.0
	28.9	24.8
International Equity Funds
Fidelity Series Emerging Markets Fund	2.5	2.0
Fidelity Series International Growth Fund	4.2	3.3
Fidelity Series International Small Cap Fund	1.0	0.7
Fidelity Series International Value Fund	4.3	3.3
	12.0	9.3
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.6	0.6
Fidelity Series Floating Rate High Income Fund	1.1	1.1
Fidelity Series High Income Fund	5.4	4.8
Fidelity Series Inflation-Protected Bond Index Fund	2.1	8.9
Fidelity Series Investment Grade Bond Fund	30.0	17.9
Fidelity Series Real Estate Income Fund	0.5	0.5
	39.7	33.8
Short-Term Funds
Fidelity Advisor Short Fixed-Income Fund Institutional Class	8.6	14.5
Fidelity Institutional Money Market Portfolio Institutional Class	10.8	17.6
	19.4	32.1
Net Other Assets (Liabilities)*	0.0	0.0
	100.0	100.0

* Amount represents less than 0.1%

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds**	28.9%
	International Equity Funds	12.0%
	Bond Funds	39.7%
	Short-Term Funds	19.4%

aff4019897

Six months ago
	Domestic Equity Funds**	24.8%
	International Equity Funds	9.3%
	Bond Funds	33.8%
	Short-Term Funds	32.1%

aff4019903

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Annual Report

Fidelity Advisor Freedom 2005 Fund

Investments March 31, 2014

Showing Percentage of Net Assets

Domestic Equity Funds - 28.9%
	Shares		Value
Fidelity Advisor Equity Growth Fund Institutional Class (a)(c)	77,671		$ 7,198,520
Fidelity Advisor Series Equity-Income Fund (c)	1,200,962		15,060,068
Fidelity Advisor Series Growth & Income Fund (c)	792,232		10,394,081
Fidelity Advisor Series Growth Opportunities Fund (c)	669,930		7,154,850
Fidelity Advisor Series Opportunistic Insights Fund (c)	462,899		6,475,954
Fidelity Advisor Series Small Cap Fund (c)	381,217		4,025,656
Fidelity Advisor Series Stock Selector Large Cap Value Fund (c)	783,411		9,917,977
Fidelity Series 100 Index Fund (c)	345,212		4,201,227
Fidelity Series 1000 Value Index Fund (c)	159,141		1,699,627
Fidelity Series All-Sector Equity Fund (c)	688,679		9,724,154
Fidelity Series Commodity Strategy Fund (a)(c)	423,409		3,577,803
Fidelity Series Real Estate Equity Fund (c)	87,304		1,127,969
Fidelity Series Small Cap Opportunities Fund (c)	351,159		4,765,222
TOTAL DOMESTIC EQUITY FUNDS (Cost $71,286,500)		85,323,108
International Equity Funds - 12.0%

Fidelity Series Emerging Markets Fund (c)	426,942		7,322,048
Fidelity Series International Growth Fund (c)	881,595		12,483,392
Fidelity Series International Small Cap Fund (c)	177,318		2,870,780
Fidelity Series International Value Fund (c)	1,138,340		12,658,344
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $28,867,696)		35,334,564
Bond Funds - 39.7%
	Shares		Value
Fidelity Series Emerging Markets Debt Fund (c)	168,386		$ 1,717,539
Fidelity Series Floating Rate High Income Fund (c)	324,497		3,394,235
Fidelity Series High Income Fund (c)	1,504,082		15,928,232
Fidelity Series Inflation-Protected Bond Index Fund (c)	623,391		6,140,401
Fidelity Series Investment Grade Bond Fund (c)	7,844,916		88,333,757
Fidelity Series Real Estate Income Fund (c)	119,579		1,348,853
TOTAL BOND FUNDS (Cost $114,852,048)		116,863,017
Short-Term Funds - 19.4%

Fidelity Advisor Short Fixed-Income Fund Institutional Class (c)	2,719,698		25,429,176
Fidelity Institutional Money Market Portfolio Institutional Class 0.09% (b)(c)	31,651,439		31,651,439
TOTAL SHORT-TERM FUNDS (Cost $56,553,113)		57,080,615
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $271,559,357)			294,601,304
NET OTHER ASSETS (LIABILITIES) - 0.0%			(60,167)
NET ASSETS - 100%		$ 294,541,137

Legend

(a) Non-income producing

(b) The rate quoted is the annualized seven-day yield of the fund at period end.

Affiliated Underlying Funds

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Equity Growth Fund Institutional Class	$ 9,259,781	$ 862,025	$ 5,194,586	$ -	$ 7,198,520
Fidelity Advisor Growth & Income Fund Institutional Class	4,932,891	199,148	5,560,081	-	-
Fidelity Advisor Large Cap Fund Institutional Class	4,939,271	290,298	6,093,574	-	-
Fidelity Advisor Series Equity-Income Fund	6,678,206	12,388,968	5,083,678	166,469	15,060,068
Fidelity Advisor Series Growth & Income Fund (formerly Fidelity Advisor Series Mega Cap Fund)	1,486,283	10,986,617	3,019,189	63,041	10,394,081
Fidelity Advisor Series Growth Opportunities Fund	-	7,131,014	438,564	2,636	7,154,850
Fidelity Advisor Series Opportunistic Insights Fund	4,718,776	3,021,391	2,493,945	-	6,475,954
Fidelity Advisor Series Small Cap Fund	-	4,174,908	372,780	2,992	4,025,656
Fidelity Advisor Series Stock Selector Large Cap Value Fund	6,717,864	4,918,177	2,591,712	79,711	9,917,977
Fidelity Advisor Short Fixed-Income Fund Institutional Class	42,520,470	7,528,770	24,578,176	295,151	25,429,176
Fidelity Advisor Small Cap Fund Institutional Class	3,791,219	301,071	4,664,672	-	-
Fidelity Institutional Money Market Portfolio Institutional Class	51,920,042	8,764,776	29,033,378	45,858	31,651,439
Fidelity Series 100 Index Fund	1,544,268	2,997,451	675,313	49,131	4,201,227
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Series 1000 Value Index Fund	$ -	$ 1,716,729	$ 116,922	$ 6,160	$ 1,699,627
Fidelity Series All-Sector Equity Fund	12,345,820	2,385,507	6,312,716	81,822	9,724,154
Fidelity Series Commodity Strategy Fund	11,606,286	2,120,155	9,263,831	-	3,577,803
Fidelity Series Emerging Markets Debt Fund	1,922,638	303,888	387,086	96,082	1,717,539
Fidelity Series Emerging Markets Fund	6,352,622	2,335,470	1,506,744	71,062	7,322,048
Fidelity Series Floating Rate High Income Fund	3,388,054	736,407	676,771	146,790	3,394,235
Fidelity Series High Income Fund	14,966,543	4,249,888	3,416,836	799,503	15,928,232
Fidelity Series Inflation-Protected Bond Index Fund	28,253,550	3,775,425	23,968,474	5,533	6,140,401
Fidelity Series International Growth Fund	10,396,703	4,270,031	3,346,419	82,280	12,483,392
Fidelity Series International Small Cap Fund	2,144,791	1,076,977	724,025	21,889	2,870,780
Fidelity Series International Value Fund	10,285,665	6,197,045	5,130,720	253,221	12,658,344
Fidelity Series Investment Grade Bond Fund	55,981,719	49,159,722	15,724,877	1,648,570	88,333,757
Fidelity Series Large Cap Value Fund	7,189,173	3,710,984	10,078,509	87,144	-
Fidelity Series Real Estate Equity Fund	1,108,307	288,053	266,119	15,517	1,127,969
Fidelity Series Real Estate Income Fund	1,458,849	223,852	288,387	75,382	1,348,853
Fidelity Series Small Cap Opportunities Fund	4,413,628	2,071,912	2,188,688	1,037	4,765,222
Total	$ 310,323,419	$ 148,186,659	$ 173,196,772	$ 4,096,981	$ 294,601,304

Other Information

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2005 Fund

Financial Statements

Statement of Assets and Liabilities

	March 31, 2014

Assets
Investment in securities, at value (cost $271,559,357) - See accompanying schedule		$ 294,601,304
Cash		9
Receivable for investments sold		1,471,569
Receivable for fund shares sold		157,828
Total assets		296,230,710

Liabilities
Payable for investments purchased	$ 738,523
Payable for fund shares redeemed	890,959
Distribution and service plan fees payable	60,091
Total liabilities		1,689,573

Net Assets		$ 294,541,137
Net Assets consist of:
Paid in capital		$ 266,925,118
Undistributed net investment income		773,351
Accumulated undistributed net realized gain (loss) on investments		3,800,721
Net unrealized appreciation (depreciation) on investments		23,041,947
Net Assets		$ 294,541,137

Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($187,224,188 ÷ 15,381,338 shares)		$ 12.17

Maximum offering price per share (100/94.25 of $12.17)		$ 12.91
Class T: Net Asset Value and redemption price per share ($29,912,387 ÷ 2,459,077 shares)		$ 12.16

Maximum offering price per share (100/96.50 of $12.16)		$ 12.60
Class B: Net Asset Value and offering price per share ($1,059,126 ÷ 86,837 shares)^A		$ 12.20

Class C: Net Asset Value and offering price per share ($8,910,274 ÷ 734,196 shares)^A		$ 12.14

Institutional Class: Net Asset Value, offering price and redemption price per share ($67,435,162 ÷ 5,506,122 shares)		$ 12.25

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

	Year ended March 31, 2014

Investment Income
Income distributions from underlying funds		$ 4,096,981

Expenses
Distribution and service plan fees	$ 729,991
Independent trustees' compensation	1,155
Total expenses before reductions	731,146
Expense reductions	(1,155)	729,991
Net investment income (loss)		3,366,990
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	5,741,185
Capital gain distributions from underlying funds	5,003,367
Total net realized gain (loss)		10,744,552
Change in net unrealized appreciation (depreciation) on underlying funds		3,546,846
Net gain (loss)		14,291,398
Net increase (decrease) in net assets resulting from operations		$ 17,658,388

See accompanying notes which are an integral part of the financial statements.

Annual Report

Statement of Changes in Net Assets

	Year ended March 31, 2014	Year ended March 31, 2013
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 3,366,990	$ 3,323,059
Net realized gain (loss)	10,744,552	12,719,737
Change in net unrealized appreciation (depreciation)	3,546,846	462,584
Net increase (decrease) in net assets resulting from operations	17,658,388	16,505,380
Distributions to shareholders from net investment income	(3,050,354)	(3,357,002)
Distributions to shareholders from net realized gain	(7,700,556)	(1,779,655)
Total distributions	(10,750,910)	(5,136,657)
Share transactions - net increase (decrease)	(22,629,477)	26,042,535
Total increase (decrease) in net assets	(15,721,999)	37,411,258

Net Assets
Beginning of period	310,263,136	272,851,878
End of period (including undistributed net investment income of $773,351 and undistributed net investment income of $456,715, respectively)	$ 294,541,137	$ 310,263,136

Financial Highlights - Class A

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.90	$ 11.45	$ 11.45	$ 10.57	$ 8.10
Income from Investment Operations
Net investment income (loss) ^C	.13	.13	.15	.15	.20
Net realized and unrealized gain (loss)	.57	.53	.13	.97	2.53
Total from investment operations	.70	.66	.28	1.12	2.73
Distributions from net investment income	(.12)	(.13)	(.15)	(.15)	(.19)
Distributions from net realized gain	(.31)	(.07)	(.13)	(.09)	(.07)
Total distributions	(.43)	(.21)^F	(.28)	(.24)	(.26)
Net asset value, end of period	$ 12.17	$ 11.90	$ 11.45	$ 11.45	$ 10.57
Total Return^A,B	5.98%	5.79%	2.53%	10.72%	33.91%
Ratios to Average Net Assets^D,E
Expenses before reductions	.25%	.25%	.25%	.25%	.25%
Expenses net of fee waivers, if any	.25%	.25%	.25%	.25%	.25%
Expenses net of all reductions	.25%	.25%	.25%	.25%	.25%
Net investment income (loss)	1.10%	1.16%	1.37%	1.37%	2.01%
Supplemental Data
Net assets, end of period (000 omitted)	$ 187,224	$ 204,418	$ 193,977	$ 177,385	$ 155,482
Portfolio turnover rate ^D	49%	23%	28%	41%	35%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the sales charges.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.21 per share is comprised of distributions from net investment income of $.134 and distributions from net realized gain of $.071 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Class T

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.90	$ 11.45	$ 11.45	$ 10.57	$ 8.10
Income from Investment Operations
Net investment income (loss) ^C	.10	.11	.13	.12	.17
Net realized and unrealized gain (loss)	.57	.52	.12	.97	2.54
Total from investment operations	.67	.63	.25	1.09	2.71
Distributions from net investment income	(.10)	(.11)	(.12)	(.12)	(.17)
Distributions from net realized gain	(.31)	(.07)	(.13)	(.09)	(.07)
Total distributions	(.41)	(.18)	(.25)	(.21)	(.24)
Net asset value, end of period	$ 12.16	$ 11.90	$ 11.45	$ 11.45	$ 10.57
Total Return^A,B	5.68%	5.56%	2.25%	10.42%	33.61%
Ratios to Average Net Assets^D,E
Expenses before reductions	.50%	.50%	.50%	.50%	.50%
Expenses net of fee waivers, if any	.50%	.50%	.50%	.50%	.50%
Expenses net of all reductions	.50%	.50%	.50%	.50%	.50%
Net investment income (loss)	.85%	.91%	1.12%	1.12%	1.76%
Supplemental Data
Net assets, end of period (000 omitted)	$ 29,912	$ 26,201	$ 22,316	$ 21,658	$ 23,113
Portfolio turnover rate ^D	49%	23%	28%	41%	35%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the sales charges.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

Financial Highlights - Class B

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.93	$ 11.47	$ 11.45	$ 10.56	$ 8.09
Income from Investment Operations
Net investment income (loss) ^C	.04	.05	.07	.07	.12
Net realized and unrealized gain (loss)	.58	.52	.12	.97	2.53
Total from investment operations	.62	.57	.19	1.04	2.65
Distributions from net investment income	(.04)	(.04)	(.05)	(.07)	(.11)
Distributions from net realized gain	(.31)	(.07)	(.12)	(.09)	(.07)
Total distributions	(.35)	(.11)	(.17)	(.15)^F	(.18)
Net asset value, end of period	$ 12.20	$ 11.93	$ 11.47	$ 11.45	$ 10.56
Total Return^A,B	5.22%	5.00%	1.73%	9.94%	32.90%
Ratios to Average Net Assets^D,E
Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.35%	.41%	.62%	.62%	1.26%
Supplemental Data
Net assets, end of period (000 omitted)	$ 1,059	$ 1,162	$ 1,571	$ 2,338	$ 2,986
Portfolio turnover rate ^D	49%	23%	28%	41%	35%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the contingent deferred sales charge.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.15 per share is comprised of distributions from net investment income of $.065 and distributions from net realized gain of $.087 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Class C

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.87	$ 11.42	$ 11.42	$ 10.54	$ 8.08
Income from Investment Operations
Net investment income (loss) ^C	.04	.05	.07	.07	.12
Net realized and unrealized gain (loss)	.58	.52	.11	.97	2.53
Total from investment operations	.62	.57	.18	1.04	2.65
Distributions from net investment income	(.04)	(.05)	(.07)	(.07)	(.12)
Distributions from net realized gain	(.31)	(.07)	(.12)	(.09)	(.07)
Total distributions	(.35)	(.12)	(.18)^F	(.16)	(.19)
Net asset value, end of period	$ 12.14	$ 11.87	$ 11.42	$ 11.42	$ 10.54
Total Return^A,B	5.28%	5.01%	1.66%	9.91%	32.90%
Ratios to Average Net Assets^D,E
Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.35%	.41%	.62%	.62%	1.26%
Supplemental Data
Net assets, end of period (000 omitted)	$ 8,910	$ 8,118	$ 8,053	$ 8,679	$ 9,377
Portfolio turnover rate ^D	49%	23%	28%	41%	35%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the contingent deferred sales charge.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.18 per share is comprised of distributions from net investment income of $.065 and distributions from net realized gain of $.115 per share.

Financial Highlights - Institutional Class

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.97	$ 11.51	$ 11.52	$ 10.63	$ 8.14
Income from Investment Operations
Net investment income (loss) ^B	.16	.16	.18	.18	.22
Net realized and unrealized gain (loss)	.58	.53	.11	.98	2.55
Total from investment operations	.74	.69	.29	1.16	2.77
Distributions from net investment income	(.15)	(.16)	(.18)	(.18)	(.21)
Distributions from net realized gain	(.31)	(.07)	(.13)	(.09)	(.07)
Total distributions	(.46)	(.23)	(.30)^F	(.27)	(.28)
Net asset value, end of period	$ 12.25	$ 11.97	$ 11.51	$ 11.52	$ 10.63
Total Return^A	6.29%	6.11%	2.67%	11.02%	34.28%
Ratios to Average Net Assets^C,E
Expenses before reductions ^D	.00%	.00%	.00%	.00%	.00%
Expenses net of fee waivers, if any	.00%	.00%	.00%	.00%	.00%
Expenses net of all reductions	.00%	.00%	.00%	.00%	.00%
Net investment income (loss)	1.35%	1.41%	1.62%	1.62%	2.26%
Supplemental Data
Net assets, end of period (000 omitted)	$ 67,435	$ 70,364	$ 46,935	$ 35,069	$ 18,775
Portfolio turnover rate ^C	49%	23%	28%	41%	35%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Calculated based on average shares outstanding during the period.

^C Amounts do not include the activity of the Underlying Funds.

^D Amount represents less than .01%.

^F Total distributions of $.30 per share is comprised of distributions from net investment income of $.175 and distributions from net realized gain of $.128 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2010 Fund

Investment Changes (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of March 31, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Domestic Equity Funds
Fidelity Advisor Equity Growth Fund Institutional Class	3.1	4.3
Fidelity Advisor Series Equity-Income Fund	6.0	2.9
Fidelity Advisor Series Growth & Income Fund	4.7	2.8
Fidelity Advisor Series Growth Opportunities Fund	3.0	0.0
Fidelity Advisor Series Opportunistic Insights Fund	2.7	2.3
Fidelity Advisor Series Small Cap Fund	1.6	0.0
Fidelity Advisor Series Stock Selector Large Cap Value Fund	3.9	2.9
Fidelity Series 100 Index Fund	1.7	0.7
Fidelity Series 1000 Value Index Fund	0.7	0.0
Fidelity Series All-Sector Equity Fund	4.2	5.3
Fidelity Series Commodity Strategy Fund	1.2	5.0
Fidelity Series Real Estate Equity Fund	0.4	0.4
Fidelity Series Small Cap Opportunities Fund	2.0	1.9
Fidelity Advisor Large Cap Fund Institutional Class	0.0	2.1
Fidelity Advisor Small Cap Fund Institutional Class	0.0	1.7
Fidelity Series Large Cap Value Fund	0.0	2.9
	35.2	35.2
International Equity Funds
Fidelity Series Emerging Markets Fund	3.0	2.8
Fidelity Series International Growth Fund	5.2	4.7
Fidelity Series International Small Cap Fund	1.2	1.0
Fidelity Series International Value Fund	5.3	4.7
	14.7	13.2
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.6	0.6
Fidelity Series Floating Rate High Income Fund	1.1	1.1
Fidelity Series High Income Fund	5.6	4.7
Fidelity Series Inflation-Protected Bond Index Fund	1.7	9.7
Fidelity Series Investment Grade Bond Fund	26.6	21.5
Fidelity Series Real Estate Income Fund	0.5	0.5
	36.1	38.1
Short-Term Funds
Fidelity Advisor Short Fixed-Income Fund Institutional Class	6.2	6.1
Fidelity Institutional Money Market Portfolio Institutional Class	7.8	7.4
	14.0	13.5
Net Other Assets (Liabilities)*	0.0	0.0
	100.0	100.0

* Amount represents less than 0.1%

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds**	35.2%
	International Equity Funds	14.7%
	Bond Funds	36.1%
	Short-Term Funds	14.0%

aff4019909

Six months ago
	Domestic Equity Funds**	35.2%
	International Equity Funds	13.2%
	Bond Funds	38.1%
	Short-Term Funds	13.5%

aff4019915

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Annual Report

Fidelity Advisor Freedom 2010 Fund

Investments March 31, 2014

Showing Percentage of Net Assets

Domestic Equity Funds - 35.2%
	Shares		Value
Fidelity Advisor Equity Growth Fund Institutional Class (a)(c)	287,565		$ 26,651,508
Fidelity Advisor Series Equity-Income Fund (c)	4,098,668		51,397,293
Fidelity Advisor Series Growth & Income Fund (c)	3,100,591		40,679,760
Fidelity Advisor Series Growth Opportunities Fund (c)	2,401,895		25,652,239
Fidelity Advisor Series Opportunistic Insights Fund (c)	1,635,480		22,880,359
Fidelity Advisor Series Small Cap Fund (c)	1,313,124		13,866,591
Fidelity Advisor Series Stock Selector Large Cap Value Fund (c)	2,618,068		33,144,735
Fidelity Series 100 Index Fund (c)	1,220,772		14,856,796
Fidelity Series 1000 Value Index Fund (c)	564,071		6,024,276
Fidelity Series All-Sector Equity Fund (c)	2,578,769		36,412,220
Fidelity Series Commodity Strategy Fund (a)(c)	1,220,969		10,317,190
Fidelity Series Real Estate Equity Fund (c)	296,066		3,825,175
Fidelity Series Small Cap Opportunities Fund (c)	1,249,211		16,951,796
TOTAL DOMESTIC EQUITY FUNDS (Cost $250,555,835)		302,659,938
International Equity Funds - 14.7%

Fidelity Series Emerging Markets Fund (c)	1,512,934		25,946,811
Fidelity Series International Growth Fund (c)	3,146,611		44,556,018
Fidelity Series International Small Cap Fund (c)	641,411		10,384,441
Fidelity Series International Value Fund (c)	4,055,184		45,093,645
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $102,522,930)		125,980,915
Bond Funds - 36.1%
	Shares		Value
Fidelity Series Emerging Markets Debt Fund (c)	485,809		$ 4,955,256
Fidelity Series Floating Rate High Income Fund (c)	915,860		9,579,900
Fidelity Series High Income Fund (c)	4,563,589		48,328,406
Fidelity Series Inflation-Protected Bond Index Fund (c)	1,498,653		14,761,732
Fidelity Series Investment Grade Bond Fund (c)	20,319,117		228,793,251
Fidelity Series Real Estate Income Fund (c)	367,055		4,140,386
TOTAL BOND FUNDS (Cost $306,084,232)		310,558,931
Short-Term Funds - 14.0%

Fidelity Advisor Short Fixed-Income Fund Institutional Class (c)	5,736,301		53,634,412
Fidelity Institutional Money Market Portfolio Institutional Class 0.09% (b)(c)	67,008,658		67,008,658
TOTAL SHORT-TERM FUNDS (Cost $120,517,341)		120,643,070
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $779,680,338)			859,842,854
NET OTHER ASSETS (LIABILITIES) - 0.0%			(192,253)
NET ASSETS - 100%		$ 859,650,601

Legend

(a) Non-income producing

(b) The rate quoted is the annualized seven-day yield of the fund at period end.

Affiliated Underlying Funds

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Equity Growth Fund Institutional Class	$ 37,256,333	$ 2,212,637	$ 21,954,464	$ -	$ 26,651,508
Fidelity Advisor Growth & Income Fund Institutional Class	19,844,540	464,881	22,020,009	-	-
Fidelity Advisor Large Cap Fund Institutional Class	20,021,126	608,263	24,176,130	-	-
Fidelity Advisor Series Equity-Income Fund	27,797,031	29,030,153	9,433,397	645,082	51,397,293
Fidelity Advisor Series Growth & Income Fund (formerly Fidelity Advisor Series Mega Cap Fund)	6,212,935	42,444,082	11,761,367	249,838	40,679,760
Fidelity Advisor Series Growth Opportunities Fund	-	27,994,309	4,091,061	10,005	25,652,239
Fidelity Advisor Series Opportunistic Insights Fund	19,617,134	4,330,708	5,998,504	-	22,880,359
Fidelity Advisor Series Small Cap Fund	-	15,508,758	2,431,247	11,066	13,866,591
Fidelity Advisor Series Stock Selector Large Cap Value Fund	27,908,639	10,374,157	8,695,462	268,058	33,144,735
Fidelity Advisor Short Fixed-Income Fund Institutional Class	51,871,108	13,754,253	11,935,629	440,148	53,634,412
Fidelity Advisor Small Cap Fund Institutional Class	15,266,503	723,877	18,334,928	-	-
Fidelity Institutional Money Market Portfolio Institutional Class	63,172,497	20,001,900	16,165,740	65,819	67,008,658
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Series 100 Index Fund	$ 6,173,658	$ 9,482,184	$ 2,063,747	$ 138,561	$ 14,856,796
Fidelity Series 1000 Value Index Fund	-	6,083,290	440,993	25,037	6,024,276
Fidelity Series All-Sector Equity Fund	49,620,547	6,328,279	24,953,530	327,395	36,412,220
Fidelity Series Commodity Strategy Fund	46,125,134	8,863,013	40,655,961	-	10,317,190
Fidelity Series Emerging Markets Debt Fund	5,750,850	613,710	1,043,333	283,140	4,955,256
Fidelity Series Emerging Markets Fund	25,236,844	5,029,761	4,945,243	264,052	25,946,811
Fidelity Series Floating Rate High Income Fund	10,542,272	1,218,712	2,022,285	431,396	9,579,900
Fidelity Series High Income Fund	43,273,952	12,954,302	8,284,239	2,359,629	48,328,406
Fidelity Series Inflation-Protected Bond Index Fund	91,127,240	8,765,103	79,244,487	14,075	14,761,732
Fidelity Series International Growth Fund	42,059,080	7,258,248	9,540,013	304,980	44,556,018
Fidelity Series International Small Cap Fund	8,602,872	2,420,537	2,134,541	81,200	10,384,441
Fidelity Series International Value Fund	41,792,652	10,785,299	12,821,298	932,321	45,093,645
Fidelity Series Investment Grade Bond Fund	196,591,693	80,506,955	43,920,669	5,019,054	228,793,251
Fidelity Series Large Cap Value Fund	28,205,834	14,916,472	39,427,267	372,532	-
Fidelity Series Real Estate Equity Fund	4,145,322	543,986	819,784	59,323	3,825,175
Fidelity Series Real Estate Income Fund	4,736,681	526,457	970,472	239,210	4,140,386
Fidelity Series Small Cap Opportunities Fund	17,772,438	4,490,075	7,107,145	3,807	16,951,796
Total	$ 910,724,915	$ 348,234,361	$ 437,392,945	$ 12,545,728	$ 859,842,854

Other Information

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2010 Fund

Financial Statements

Statement of Assets and Liabilities

	March 31, 2014

Assets
Investment in securities, at value (cost $779,680,338) - See accompanying schedule		$ 859,842,854
Receivable for investments sold		4,287,430
Receivable for fund shares sold		619,730
Total assets		864,750,014

Liabilities
Payable for investments purchased	$ 2,328,922
Payable for fund shares redeemed	2,578,660
Distribution and service plan fees payable	191,831
Total liabilities		5,099,413

Net Assets		$ 859,650,601
Net Assets consist of:
Paid in capital		$ 763,297,453
Undistributed net investment income		1,958,102
Accumulated undistributed net realized gain (loss) on investments		14,232,530
Net unrealized appreciation (depreciation) on investments		80,162,516
Net Assets		$ 859,650,601

Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($502,833,984 ÷ 38,957,831 shares)		$ 12.91

Maximum offering price per share (100/94.25 of $12.91)		$ 13.70
Class T: Net Asset Value and redemption price per share ($124,997,313 ÷ 9,713,910 shares)		$ 12.87

Maximum offering price per share (100/96.50 of $12.87)		$ 13.34
Class B: Net Asset Value and offering price per share ($3,921,487 ÷ 303,691 shares)^A		$ 12.91

Class C: Net Asset Value and offering price per share ($36,622,126 ÷ 2,862,388 shares)^A		$ 12.79

Institutional Class: Net Asset Value, offering price and redemption price per share ($191,275,691 ÷ 14,756,561 shares)		$ 12.96

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

	Year ended March 31, 2014

Investment Income
Income distributions from underlying funds		$ 12,545,728

Expenses
Distribution and service plan fees	$ 2,374,946
Independent trustees' compensation	3,410
Total expenses before reductions	2,378,356
Expense reductions	(3,410)	2,374,946
Net investment income (loss)		10,170,782
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	17,423,906
Capital gain distributions from underlying funds	18,747,159
Total net realized gain (loss)		36,171,065
Change in net unrealized appreciation (depreciation) on underlying funds		20,852,752
Net gain (loss)		57,023,817
Net increase (decrease) in net assets resulting from operations		$ 67,194,599

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2010 Fund
Financial Statements - continued

Statement of Changes in Net Assets

	Year ended March 31, 2014	Year ended March 31, 2013
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 10,170,782	$ 11,478,269
Net realized gain (loss)	36,171,065	54,501,265
Change in net unrealized appreciation (depreciation)	20,852,752	(4,153,489)
Net increase (decrease) in net assets resulting from operations	67,194,599	61,826,045
Distributions to shareholders from net investment income	(9,511,361)	(11,763,830)
Distributions to shareholders from net realized gain	(28,968,103)	(6,303,241)
Total distributions	(38,479,464)	(18,067,071)
Share transactions - net increase (decrease)	(79,585,074)	(22,088,856)
Total increase (decrease) in net assets	(50,869,939)	21,670,118

Net Assets
Beginning of period	910,520,540	888,850,422
End of period (including undistributed net investment income of $1,958,102 and undistributed net investment income of $1,298,681, respectively)	$ 859,650,601	$ 910,520,540

Financial Highlights - Class A

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.50	$ 11.89	$ 11.92	$ 10.87	$ 8.19
Income from Investment Operations
Net investment income (loss) ^C	.15	.16	.17	.15	.21
Net realized and unrealized gain (loss)	.82	.70	.12	1.17	2.76
Total from investment operations	.97	.86	.29	1.32	2.97
Distributions from net investment income	(.14)	(.16)	(.17)	(.17)	(.21)
Distributions from net realized gain	(.42)	(.09)	(.16)	(.10)	(.08)
Total distributions	(.56)	(.25)	(.32)^G	(.27)	(.29)^F
Net asset value, end of period	$ 12.91	$ 12.50	$ 11.89	$ 11.92	$ 10.87
Total Return^A,B	7.86%	7.33%	2.63%	12.27%	36.51%
Ratios to Average Net Assets^D,E
Expenses before reductions	.25%	.25%	.25%	.25%	.25%
Expenses net of fee waivers, if any	.25%	.25%	.25%	.25%	.25%
Expenses net of all reductions	.25%	.25%	.25%	.25%	.25%
Net investment income (loss)	1.15%	1.33%	1.48%	1.38%	2.04%
Supplemental Data
Net assets, end of period (000 omitted)	$ 502,834	$ 540,980	$ 552,770	$ 536,999	$ 478,025
Portfolio turnover rate ^D	39%	26%	25%	41%	42%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the sales charges.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.29 per share is comprised of distributions from net investment income of $.211 and distributions from net realized gain of $.083 per share.

^G Total distributions of $.32 per share is comprised of distributions from net investment income of $.169 and distributions from net realized gain of $.155 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Class T

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.46	$ 11.86	$ 11.88	$ 10.83	$ 8.16
Income from Investment Operations
Net investment income (loss) ^C	.11	.13	.14	.13	.18
Net realized and unrealized gain (loss)	.83	.69	.13	1.15	2.76
Total from investment operations	.94	.82	.27	1.28	2.94
Distributions from net investment income	(.11)	(.13)	(.14)	(.13)	(.19)
Distributions from net realized gain	(.42)	(.09)	(.16)	(.10)	(.08)
Total distributions	(.53)	(.22)	(.29)^G	(.23)	(.27)^F
Net asset value, end of period	$ 12.87	$ 12.46	$ 11.86	$ 11.88	$ 10.83
Total Return^A,B	7.62%	6.98%	2.43%	11.95%	36.19%
Ratios to Average Net Assets^D,E
Expenses before reductions	.50%	.50%	.50%	.50%	.50%
Expenses net of fee waivers, if any	.50%	.50%	.50%	.50%	.50%
Expenses net of all reductions	.50%	.50%	.50%	.50%	.50%
Net investment income (loss)	.90%	1.08%	1.23%	1.13%	1.79%
Supplemental Data
Net assets, end of period (000 omitted)	$ 124,997	$ 127,353	$ 132,044	$ 152,126	$ 204,059
Portfolio turnover rate ^D	39%	26%	25%	41%	42%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the sales charges.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.27 per share is comprised of distributions from net investment income of $.186 and distributions from net realized gain of $.083 per share.

^G Total distributions of $.29 per share is comprised of distributions from net investment income of $.137 and distributions from net realized gain of $.155 per share.

Financial Highlights - Class B

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.49	$ 11.87	$ 11.87	$ 10.82	$ 8.15
Income from Investment Operations
Net investment income (loss) ^C	.05	.07	.08	.07	.13
Net realized and unrealized gain (loss)	.82	.70	.13	1.15	2.76
Total from investment operations	.87	.77	.21	1.22	2.89
Distributions from net investment income	(.03)	(.06)	(.07)	(.07)	(.13)
Distributions from net realized gain	(.41)	(.09)	(.15)	(.10)	(.08)
Total distributions	(.45)^H	(.15)	(.21)^G	(.17)	(.22)^F
Net asset value, end of period	$ 12.91	$ 12.49	$ 11.87	$ 11.87	$ 10.82
Total Return^A,B	7.01%	6.51%	1.90%	11.37%	35.54%
Ratios to Average Net Assets^D,E
Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.41%	.58%	.73%	.63%	1.29%
Supplemental Data
Net assets, end of period (000 omitted)	$ 3,921	$ 6,474	$ 9,154	$ 15,842	$ 22,468
Portfolio turnover rate ^D	39%	26%	25%	41%	42%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the contingent deferred sales charge.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.22 per share is comprised of distributions from net investment income of $.134 and distributions from net realized gain of $.083 per share.

^G Total distributions of $.21 per share is comprised of distributions from net investment income of $.065 and distributions from net realized gain of $.148 per share.

^H Total distributions of $.45 per share is comprised of distributions from net investment income of $.032 and distributions from net realized gain of $.413 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Class C

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.39	$ 11.79	$ 11.81	$ 10.78	$ 8.13
Income from Investment Operations
Net investment income (loss) ^C	.05	.07	.08	.07	.13
Net realized and unrealized gain (loss)	.81	.69	.13	1.14	2.74
Total from investment operations	.86	.76	.21	1.21	2.87
Distributions from net investment income	(.05)	(.07)	(.08)	(.08)	(.14)
Distributions from net realized gain	(.41)	(.09)	(.15)	(.10)	(.08)
Total distributions	(.46)	(.16)	(.23)	(.18)	(.22)^F
Net asset value, end of period	$ 12.79	$ 12.39	$ 11.79	$ 11.81	$ 10.78
Total Return^A,B	7.04%	6.49%	1.90%	11.33%	35.45%
Ratios to Average Net Assets^D,E
Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.40%	.58%	.73%	.63%	1.29%
Supplemental Data
Net assets, end of period (000 omitted)	$ 36,622	$ 38,562	$ 38,423	$ 44,764	$ 47,178
Portfolio turnover rate ^D	39%	26%	25%	41%	42%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the contingent deferred sales charge.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.22 per share is comprised of distributions from net investment income of $.139 and distributions from net realized gain of $.083 per share.

Financial Highlights - Institutional Class

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.55	$ 11.94	$ 11.96	$ 10.91	$ 8.22
Income from Investment Operations
Net investment income (loss) ^B	.18	.19	.20	.18	.23
Net realized and unrealized gain (loss)	.82	.70	.13	1.17	2.78
Total from investment operations	1.00	.89	.33	1.35	3.01
Distributions from net investment income	(.17)	(.19)	(.20)	(.20)	(.23)
Distributions from net realized gain	(.42)	(.09)	(.16)	(.10)	(.08)
Total distributions	(.59)	(.28)	(.35)^G	(.30)	(.32)^F
Net asset value, end of period	$ 12.96	$ 12.55	$ 11.94	$ 11.96	$ 10.91
Total Return^A	8.10%	7.56%	2.97%	12.50%	36.80%
Ratios to Average Net Assets^C,E
Expenses before reductions ^D	.00%	.00%	.00%	.00%	.00%
Expenses net of fee waivers, if any	.00%	.00%	.00%	.00%	.00%
Expenses net of all reductions	.00%	.00%	.00%	.00%	.00%
Net investment income (loss)	1.40%	1.58%	1.73%	1.63%	2.29%
Supplemental Data
Net assets, end of period (000 omitted)	$ 191,276	$ 197,152	$ 156,459	$ 115,490	$ 75,569
Portfolio turnover rate ^C	39%	26%	25%	41%	42%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Calculated based on average shares outstanding during the period.

^C Amounts do not include the activity of the Underlying Funds.

^D Amount represents less than .01%.

^F Total distributions of $.32 per share is comprised of distributions from net investment income of $.234 and distributions from net realized gain of $.083 per share.

^G Total distributions of $.35 per share is comprised of distributions from net investment income of $.199 and distributions from net realized gain of $.155 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2015 Fund

Investment Changes (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of March 31, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Domestic Equity Funds
Fidelity Advisor Equity Growth Fund Institutional Class	3.6	4.5
Fidelity Advisor Series Equity-Income Fund	7.0	3.0
Fidelity Advisor Series Growth & Income Fund	5.4	3.0
Fidelity Advisor Series Growth Opportunities Fund	3.4	0.0
Fidelity Advisor Series Opportunistic Insights Fund	3.1	2.3
Fidelity Advisor Series Small Cap Fund	1.9	0.0
Fidelity Advisor Series Stock Selector Large Cap Value Fund	4.5	3.0
Fidelity Series 100 Index Fund	1.9	0.7
Fidelity Series 1000 Value Index Fund	0.7	0.0
Fidelity Series All-Sector Equity Fund	4.9	5.6
Fidelity Series Commodity Strategy Fund	1.2	5.3
Fidelity Series Real Estate Equity Fund	0.5	0.4
Fidelity Series Small Cap Opportunities Fund	2.3	2.0
Fidelity Advisor Large Cap Fund Institutional Class	0.0	2.3
Fidelity Advisor Small Cap Fund Institutional Class	0.0	1.8
Fidelity Series Large Cap Value Fund	0.0	3.0
	40.4	36.9
International Equity Funds
Fidelity Series Emerging Markets Fund	3.5	2.9
Fidelity Series International Growth Fund	5.9	5.0
Fidelity Series International Small Cap Fund	1.4	1.0
Fidelity Series International Value Fund	6.0	5.0
	16.8	13.9
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.5	0.6
Fidelity Series Floating Rate High Income Fund	1.1	1.1
Fidelity Series High Income Fund	5.8	4.7
Fidelity Series Inflation-Protected Bond Index Fund	1.3	9.9
Fidelity Series Investment Grade Bond Fund	23.8	22.6
Fidelity Series Real Estate Income Fund	0.5	0.5
	33.0	39.4
Short-Term Funds
Fidelity Advisor Short Fixed-Income Fund Institutional Class	4.3	4.4
Fidelity Institutional Money Market Portfolio Institutional Class	5.5	5.4
	9.8	9.8
Net Other Assets (Liabilities)*	0.0	0.0
	100.0	100.0

* Amount represents less than 0.1%

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds**	40.4%
	International Equity Funds	16.8%
	Bond Funds	33.0%
	Short-Term Funds	9.8%

aff4019921

Six months ago
	Domestic Equity Funds**	36.9%
	International Equity Funds	13.9%
	Bond Funds	39.4%
	Short-Term Funds	9.8%

aff4019927

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Annual Report

Fidelity Advisor Freedom 2015 Fund

Investments March 31, 2014

Showing Percentage of Net Assets

Domestic Equity Funds - 40.4%
	Shares		Value
Fidelity Advisor Equity Growth Fund Institutional Class (a)(c)	734,457		$ 68,069,520
Fidelity Advisor Series Equity-Income Fund (c)	10,550,849		132,307,650
Fidelity Advisor Series Growth & Income Fund (c)	7,765,472		101,882,993
Fidelity Advisor Series Growth Opportunities Fund (c)	6,020,806		64,302,206
Fidelity Advisor Series Opportunistic Insights Fund (c)	4,227,582		59,143,879
Fidelity Advisor Series Small Cap Fund (c)	3,410,179		36,011,492
Fidelity Advisor Series Stock Selector Large Cap Value Fund (c)	6,702,531		84,854,048
Fidelity Series 100 Index Fund (c)	2,980,934		36,277,966
Fidelity Series 1000 Value Index Fund (c)	1,224,991		13,082,904
Fidelity Series All-Sector Equity Fund (c)	6,535,259		92,277,856
Fidelity Series Commodity Strategy Fund (a)(c)	2,642,768		22,331,388
Fidelity Series Real Estate Equity Fund (c)	669,105		8,644,837
Fidelity Series Small Cap Opportunities Fund (c)	3,208,552		43,540,057
TOTAL DOMESTIC EQUITY FUNDS (Cost $631,500,403)		762,726,796
International Equity Funds - 16.8%

Fidelity Series Emerging Markets Fund (c)	3,820,433		65,520,421
Fidelity Series International Growth Fund (c)	7,935,915		112,372,553
Fidelity Series International Small Cap Fund (c)	1,642,517		26,592,348
Fidelity Series International Value Fund (c)	10,215,888		113,600,676
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $258,146,968)		318,085,998
Bond Funds - 33.0%
	Shares		Value
Fidelity Series Emerging Markets Debt Fund (c)	1,040,583		$ 10,613,949
Fidelity Series Floating Rate High Income Fund (c)	2,005,878		20,981,485
Fidelity Series High Income Fund (c)	10,374,732		109,868,417
Fidelity Series Inflation-Protected Bond Index Fund (c)	2,473,670		24,365,652
Fidelity Series Investment Grade Bond Fund (c)	39,943,788		449,767,050
Fidelity Series Real Estate Income Fund (c)	803,731		9,066,091
TOTAL BOND FUNDS (Cost $614,227,773)		624,662,644
Short-Term Funds - 9.8%

Fidelity Advisor Short Fixed-Income Fund Institutional Class (c)	8,745,118		81,766,853
Fidelity Institutional Money Market Portfolio Institutional Class 0.09% (b)(c)	102,948,070		102,948,070
TOTAL SHORT-TERM FUNDS (Cost $183,260,494)		184,714,923
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $1,687,135,638)			1,890,190,361
NET OTHER ASSETS (LIABILITIES) - 0.0%			(396,312)
NET ASSETS - 100%		$ 1,889,794,049

Legend

(a) Non-income producing

(b) The rate quoted is the annualized seven-day yield of the fund at period end.

Affiliated Underlying Funds

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Equity Growth Fund Institutional Class	$ 84,657,466	$ 2,646,933	$ 40,460,852	$ -	$ 68,069,520
Fidelity Advisor Growth & Income Fund Institutional Class	44,873,207	488,411	49,209,139	-	-
Fidelity Advisor Large Cap Fund Institutional Class	45,274,051	582,756	53,855,519	-	-
Fidelity Advisor Series Equity-Income Fund	61,416,234	97,955,790	36,562,926	1,558,483	132,307,650
Fidelity Advisor Series Growth & Income Fund (formerly Fidelity Advisor Series Mega Cap Fund)	13,693,032	96,259,078	16,860,447	590,325	101,882,993
Fidelity Advisor Series Growth Opportunities Fund	-	63,560,901	3,489,194	24,875	64,302,206
Fidelity Advisor Series Opportunistic Insights Fund	43,357,108	21,086,879	16,708,750	-	59,143,879
Fidelity Advisor Series Small Cap Fund	-	37,062,712	3,016,639	28,376	36,011,492
Fidelity Advisor Series Stock Selector Large Cap Value Fund	61,668,338	31,679,340	16,586,741	721,726	84,854,048
Fidelity Advisor Short Fixed-Income Fund Institutional Class	86,474,459	11,249,679	15,856,609	689,646	81,766,853
Fidelity Advisor Small Cap Fund Institutional Class	34,707,632	1,111,372	41,122,318	-	-
Fidelity Institutional Money Market Portfolio Institutional Class	105,198,514	16,488,085	18,738,529	103,382	102,948,070
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Series 100 Index Fund	$ 13,918,390	$ 23,334,184	$ 4,106,494	$ 510,112	$ 36,277,966
Fidelity Series 1000 Value Index Fund	-	13,031,555	792,862	55,809	13,082,904
Fidelity Series All-Sector Equity Fund	112,351,689	13,172,689	45,005,556	799,958	92,277,856
Fidelity Series Commodity Strategy Fund	105,007,756	16,278,683	90,129,886	-	22,331,388
Fidelity Series Emerging Markets Debt Fund	12,205,213	1,156,030	1,977,140	599,472	10,613,949
Fidelity Series Emerging Markets Fund	56,762,125	16,516,480	9,221,716	575,015	65,520,421
Fidelity Series Floating Rate High Income Fund	21,465,667	3,076,694	3,226,567	923,287	20,981,485
Fidelity Series High Income Fund	92,367,830	31,016,693	14,412,272	5,148,189	109,868,417
Fidelity Series Inflation-Protected Bond Index Fund	195,025,325	20,162,890	179,209,673	22,999	24,365,652
Fidelity Series International Growth Fund	94,342,991	23,246,421	16,322,796	749,886	112,372,553
Fidelity Series International Small Cap Fund	19,264,544	7,712,027	3,855,435	198,009	26,592,348
Fidelity Series International Value Fund	93,717,826	32,304,808	24,576,536	2,377,165	113,600,676
Fidelity Series Investment Grade Bond Fund	443,590,585	84,871,112	68,191,487	10,578,439	449,767,050
Fidelity Series Large Cap Value Fund	63,335,231	32,713,071	87,641,494	841,419	-
Fidelity Series Real Estate Equity Fund	9,445,628	892,476	1,616,799	133,091	8,644,837
Fidelity Series Real Estate Income Fund	11,099,419	1,167,428	2,827,322	545,178	9,066,091
Fidelity Series Small Cap Opportunities Fund	40,393,393	13,650,039	14,748,078	9,760	43,540,057
Total	$ 1,965,613,653	$ 714,475,216	$ 880,329,776	$ 27,784,601	$ 1,890,190,361

Other Information

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2015 Fund

Financial Statements

Statement of Assets and Liabilities

	March 31, 2014

Assets
Investment in securities, at value (cost $1,687,135,638) - See accompanying schedule		$ 1,890,190,361
Receivable for investments sold		4,342,559
Receivable for fund shares sold		2,279,742
Receivable from affiliate for expense reductions		31
Total assets		1,896,812,693

Liabilities
Payable for investments purchased	$ 3,367,516
Payable for fund shares redeemed	3,255,446
Distribution and service plan fees payable	395,682
Total liabilities		7,018,644

Net Assets		$ 1,889,794,049
Net Assets consist of:
Paid in capital		$ 1,648,721,373
Undistributed net investment income		3,962,527
Accumulated undistributed net realized gain (loss) on investments		34,055,426
Net unrealized appreciation (depreciation) on investments		203,054,723
Net Assets		$ 1,889,794,049
Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($1,086,605,929 ÷ 84,442,196 shares)		$ 12.87

Maximum offering price per share (100/94.25 of $12.87)		$ 13.66
Class T: Net Asset Value and redemption price per share ($226,663,425 ÷ 17,640,621 shares)		$ 12.85

Maximum offering price per share (100/96.50 of $12.85)		$ 13.32
Class B: Net Asset Value and offering price per share ($12,231,724 ÷ 952,279 shares)^A		$ 12.84

Class C: Net Asset Value and offering price per share ($75,682,000 ÷ 5,926,591 shares)^A		$ 12.77

Institutional Class: Net Asset Value, offering price and redemption price per share ($488,610,971 ÷ 37,701,361 shares)		$ 12.96

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

	Year ended March 31, 2014

Investment Income
Income distributions from underlying funds		$ 27,784,601

Expenses
Distribution and service plan fees	$ 4,875,626
Independent trustees' compensation	7,369
Total expenses before reductions	4,882,995
Expense reductions	(7,369)	4,875,626
Net investment income (loss)		22,908,975
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	37,255,666
Capital gain distributions from underlying funds	43,661,642
Total net realized gain (loss)		80,917,308
Change in net unrealized appreciation (depreciation) on underlying funds		53,175,889
Net gain (loss)		134,093,197
Net increase (decrease) in net assets resulting from operations		$ 157,002,172

See accompanying notes which are an integral part of the financial statements.

Annual Report

Statement of Changes in Net Assets

	Year ended March 31, 2014	Year ended March 31, 2013
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 22,908,975	$ 24,573,510
Net realized gain (loss)	80,917,308	92,864,023
Change in net unrealized appreciation (depreciation)	53,175,889	17,904,608
Net increase (decrease) in net assets resulting from operations	157,002,172	135,342,141
Distributions to shareholders from net investment income	(21,780,486)	(24,816,448)
Distributions to shareholders from net realized gain	(75,463,568)	(13,437,037)
Total distributions	(97,244,054)	(38,253,485)
Share transactions - net increase (decrease)	(135,136,394)	111,574,961
Total increase (decrease) in net assets	(75,378,276)	208,663,617

Net Assets
Beginning of period	1,965,172,325	1,756,508,708
End of period (including undistributed net investment income of $3,962,527 and undistributed net investment income of $2,834,039, respectively)	$ 1,889,794,049	$ 1,965,172,325

Financial Highlights - Class A

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.47	$ 11.85	$ 11.87	$ 10.81	$ 8.05
Income from Investment Operations
Net investment income (loss) ^C	.15	.16	.17	.16	.20
Net realized and unrealized gain (loss)	.89	.71	.13	1.16	2.84
Total from investment operations	1.04	.87	.30	1.32	3.04
Distributions from net investment income	(.15)	(.16)	(.17)	(.16)	(.20)
Distributions from net realized gain	(.50)	(.09)	(.15)	(.10)	(.08)
Total distributions	(.64)^G	(.25)	(.32)	(.26)	(.28)^F
Net asset value, end of period	$ 12.87	$ 12.47	$ 11.85	$ 11.87	$ 10.81
Total Return^A,B	8.54%	7.45%	2.71%	12.36%	37.95%
Ratios to Average Net Assets^D,E
Expenses before reductions	.25%	.25%	.25%	.25%	.25%
Expenses net of fee waivers, if any	.25%	.25%	.25%	.25%	.25%
Expenses net of all reductions	.25%	.25%	.25%	.25%	.25%
Net investment income (loss)	1.19%	1.36%	1.50%	1.42%	2.02%
Supplemental Data
Net assets, end of period (000 omitted)	$ 1,086,606	$ 1,181,020	$ 1,101,302	$ 1,004,955	$ 830,024
Portfolio turnover rate ^D	37%	20%	19%	33%	29%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the sales charges.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.28 per share is comprised of distributions from net investment income of $.197 and distributions from net realized gain of $.082 per share.

^G Total distributions of $.64 per share is comprised of distributions from net investment income of $.146 and distributions from net realized gain of $.498 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Class T

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.46	$ 11.83	$ 11.85	$ 10.79	$ 8.04
Income from Investment Operations
Net investment income (loss) ^C	.12	.13	.14	.13	.18
Net realized and unrealized gain (loss)	.88	.72	.13	1.16	2.82
Total from investment operations	1.00	.85	.27	1.29	3.00
Distributions from net investment income	(.11)	(.13)	(.14)	(.13)	(.17)
Distributions from net realized gain	(.50)	(.09)	(.15)	(.10)	(.08)
Total distributions	(.61)	(.22)	(.29)	(.23)	(.25)^F
Net asset value, end of period	$ 12.85	$ 12.46	$ 11.83	$ 11.85	$ 10.79
Total Return^A,B	8.20%	7.28%	2.44%	12.09%	37.53%
Ratios to Average Net Assets^D,E
Expenses before reductions	.50%	.50%	.50%	.50%	.50%
Expenses net of fee waivers, if any	.50%	.50%	.50%	.50%	.50%
Expenses net of all reductions	.50%	.50%	.50%	.50%	.50%
Net investment income (loss)	.94%	1.11%	1.25%	1.17%	1.77%
Supplemental Data
Net assets, end of period (000 omitted)	$ 226,663	$ 227,022	$ 213,366	$ 236,106	$ 225,384
Portfolio turnover rate ^D	37%	20%	19%	33%	29%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the sales charges.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.25 per share is comprised of distributions from net investment income of $.172 and distributions from net realized gain of $.082 per share.

Financial Highlights - Class B

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.44	$ 11.81	$ 11.82	$ 10.76	$ 8.02
Income from Investment Operations
Net investment income (loss) ^C	.06	.07	.09	.07	.13
Net realized and unrealized gain (loss)	.88	.71	.13	1.16	2.82
Total from investment operations	.94	.78	.22	1.23	2.95
Distributions from net investment income	(.05)	(.06)	(.07)	(.07)	(.12)
Distributions from net realized gain	(.49)	(.09)	(.15)	(.10)	(.08)
Total distributions	(.54)	(.15)	(.23)^G	(.17)	(.21)^F
Net asset value, end of period	$ 12.84	$ 12.44	$ 11.81	$ 11.82	$ 10.76
Total Return^A,B	7.68%	6.65%	1.95%	11.51%	36.85%
Ratios to Average Net Assets^D,E
Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.44%	.61%	.75%	.67%	1.27%
Supplemental Data
Net assets, end of period (000 omitted)	$ 12,232	$ 17,411	$ 23,552	$ 32,762	$ 35,932
Portfolio turnover rate ^D	37%	20%	19%	33%	29%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the contingent deferred sales charge.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.21 per share is comprised of distributions from net investment income of $.124 and distributions from net realized gain of $.082 per share.

^G Total distributions of $.23 per share is comprised of distributions from net investment income of $.073 and distributions from net realized gain of $.154 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Class C

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.39	$ 11.77	$ 11.79	$ 10.74	$ 8.00
Income from Investment Operations
Net investment income (loss) ^C	.05	.07	.09	.07	.13
Net realized and unrealized gain (loss)	.88	.71	.13	1.15	2.82
Total from investment operations	.93	.78	.22	1.22	2.95
Distributions from net investment income	(.06)	(.07)	(.09)	(.07)	(.13)
Distributions from net realized gain	(.49)	(.09)	(.15)	(.10)	(.08)
Total distributions	(.55)	(.16)	(.24)	(.17)	(.21)^F
Net asset value, end of period	$ 12.77	$ 12.39	$ 11.77	$ 11.79	$ 10.74
Total Return^A,B	7.65%	6.70%	1.98%	11.49%	36.97%
Ratios to Average Net Assets^D,E
Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.44%	.61%	.75%	.67%	1.27%
Supplemental Data
Net assets, end of period (000 omitted)	$ 75,682	$ 72,115	$ 70,220	$ 70,396	$ 64,801
Portfolio turnover rate ^D	37%	20%	19%	33%	29%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the contingent deferred sales charge.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.21 per share is comprised of distributions from net investment income of $.126 and distributions from net realized gain of $.082 per share.

Financial Highlights - Institutional Class

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.56	$ 11.93	$ 11.94	$ 10.87	$ 8.09
Income from Investment Operations
Net investment income (loss) ^B	.18	.19	.20	.19	.23
Net realized and unrealized gain (loss)	.90	.72	.14	1.17	2.85
Total from investment operations	1.08	.91	.34	1.36	3.08
Distributions from net investment income	(.18)	(.19)	(.19)	(.19)	(.22)
Distributions from net realized gain	(.50)	(.09)	(.15)	(.10)	(.08)
Total distributions	(.68)	(.28)	(.35)^G	(.29)	(.30)^F
Net asset value, end of period	$ 12.96	$ 12.56	$ 11.93	$ 11.94	$ 10.87
Total Return^A	8.75%	7.74%	3.01%	12.67%	38.30%
Ratios to Average Net Assets^C,E
Expenses before reductions ^D	.00%	.00%	.00%	.00%	.00%
Expenses net of fee waivers, if any	.00%	.00%	.00%	.00%	.00%
Expenses net of all reductions	.00%	.00%	.00%	.00%	.00%
Net investment income (loss)	1.44%	1.61%	1.75%	1.67%	2.27%
Supplemental Data
Net assets, end of period (000 omitted)	$ 488,611	$ 467,604	$ 348,068	$ 238,655	$ 137,487
Portfolio turnover rate ^C	37%	20%	19%	33%	29%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Calculated based on average shares outstanding during the period.

^C Amounts do not include the activity of the Underlying Funds.

^D Amount represents less than .01%.

^F Total distributions of $.30 per share is comprised of distributions from net investment income of $.219 and distributions from net realized gain of $.082 per share.

^G Total distributions of $.35 per share is comprised of distributions from net investment income of $.194 and distributions from net realized gain of $.154 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2020 Fund

Investment Changes (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of March 31, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Domestic Equity Funds
Fidelity Advisor Equity Growth Fund Institutional Class	4.1	4.8
Fidelity Advisor Series Equity-Income Fund	7.8	3.3
Fidelity Advisor Series Growth & Income Fund	6.0	3.2
Fidelity Advisor Series Growth Opportunities Fund	3.6	0.0
Fidelity Advisor Series Opportunistic Insights Fund	3.5	2.5
Fidelity Advisor Series Small Cap Fund	2.0	0.0
Fidelity Advisor Series Stock Selector Large Cap Value Fund	4.8	3.3
Fidelity Series 100 Index Fund	2.2	0.8
Fidelity Series 1000 Value Index Fund	0.9	0.0
Fidelity Series All-Sector Equity Fund	5.3	6.0
Fidelity Series Commodity Strategy Fund	1.2	5.7
Fidelity Series Real Estate Equity Fund	0.5	0.5
Fidelity Series Small Cap Opportunities Fund	2.6	2.2
Fidelity Advisor Large Cap Fund Institutional Class	0.0	2.4
Fidelity Advisor Small Cap Fund Institutional Class	0.0	1.9
Fidelity Series Large Cap Value Fund	0.0	3.2
	44.5	39.8
International Equity Funds
Fidelity Series Emerging Markets Fund	3.9	3.2
Fidelity Series International Growth Fund	6.6	5.3
Fidelity Series International Small Cap Fund	1.5	1.1
Fidelity Series International Value Fund	6.6	5.4
	18.6	15.0
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.7	0.7
Fidelity Series Floating Rate High Income Fund	1.0	1.1
Fidelity Series High Income Fund	6.0	5.1
Fidelity Series Inflation-Protected Bond Index Fund	0.9	8.3
Fidelity Series Investment Grade Bond Fund	21.5	22.2
Fidelity Series Real Estate Income Fund	0.5	0.5
	30.6	37.9
Short-Term Funds
Fidelity Advisor Short Fixed-Income Fund Institutional Class	2.8	3.3
Fidelity Institutional Money Market Portfolio Institutional Class	3.5	4.0
	6.3	7.3
Net Other Assets (Liabilities)*	0.0	0.0
	100.0	100.0

* Amount represents less than 0.1%

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds**	44.5%
	International Equity Funds	18.6%
	Bond Funds	30.6%
	Short-Term Funds	6.3%

aff4019933

Six months ago
	Domestic Equity Funds**	39.8%
	International Equity Funds	15.0%
	Bond Funds	37.9%
	Short-Term Funds	7.3%

aff4019939

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Annual Report

Fidelity Advisor Freedom 2020 Fund

Investments March 31, 2014

Showing Percentage of Net Assets

Domestic Equity Funds - 44.5%
	Shares		Value
Fidelity Advisor Equity Growth Fund Institutional Class (a)(c)	1,499,271		$ 138,952,414
Fidelity Advisor Series Equity-Income Fund (c)	20,988,283		263,193,072
Fidelity Advisor Series Growth & Income Fund (c)	15,597,599		204,640,504
Fidelity Advisor Series Growth Opportunities Fund (c)	11,465,573		122,452,317
Fidelity Advisor Series Opportunistic Insights Fund (c)	8,386,895		117,332,657
Fidelity Advisor Series Small Cap Fund (c)	6,589,385		69,583,906
Fidelity Advisor Series Stock Selector Large Cap Value Fund (c)	12,885,009		163,124,211
Fidelity Series 100 Index Fund (c)	6,107,258		74,325,330
Fidelity Series 1000 Value Index Fund (c)	2,815,960		30,074,450
Fidelity Series All-Sector Equity Fund (c)	12,627,108		178,294,761
Fidelity Series Commodity Strategy Fund (a)(c)	4,836,002		40,864,214
Fidelity Series Real Estate Equity Fund (c)	1,361,434		17,589,729
Fidelity Series Small Cap Opportunities Fund (c)	6,401,660		86,870,526
TOTAL DOMESTIC EQUITY FUNDS (Cost $1,258,941,090)		1,507,298,091
International Equity Funds - 18.6%

Fidelity Series Emerging Markets Fund (c)	7,766,320		133,192,392
Fidelity Series International Growth Fund (c)	15,747,459		222,984,013
Fidelity Series International Small Cap Fund (c)	3,133,464		50,730,785
Fidelity Series International Value Fund (c)	20,195,752		224,576,763
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $523,874,293)		631,483,953
Bond Funds - 30.6%
	Shares		Value
Fidelity Series Emerging Markets Debt Fund (c)	2,224,562		$ 22,690,533
Fidelity Series Floating Rate High Income Fund (c)	3,408,116		35,648,893
Fidelity Series High Income Fund (c)	19,239,011		203,741,125
Fidelity Series Inflation-Protected Bond Index Fund (c)	3,069,587		30,235,429
Fidelity Series Investment Grade Bond Fund (c)	64,719,353		728,739,921
Fidelity Series Real Estate Income Fund (c)	1,438,886		16,230,635
TOTAL BOND FUNDS (Cost $1,030,720,265)		1,037,286,536
Short-Term Funds - 6.3%

Fidelity Advisor Short Fixed-Income Fund Institutional Class (c)	10,221,690		95,572,803
Fidelity Institutional Money Market Portfolio Institutional Class 0.09% (b)(c)	118,288,330		118,288,330
TOTAL SHORT-TERM FUNDS (Cost $212,795,731)		213,861,133
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $3,026,331,379)			3,389,929,713
NET OTHER ASSETS (LIABILITIES) - 0.0%			(704,291)
NET ASSETS - 100%		$ 3,389,225,422

Legend

(a) Non-income producing

(b) The rate quoted is the annualized seven-day yield of the fund at period end.

Affiliated Underlying Funds

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Equity Growth Fund Institutional Class	$ 154,490,981	$ 7,080,470	$ 62,736,748	$ -	$ 138,952,414
Fidelity Advisor Growth & Income Fund Institutional Class	82,252,688	1,179,659	90,548,966	-	-
Fidelity Advisor Large Cap Fund Institutional Class	82,897,919	1,489,293	99,191,680	-	-
Fidelity Advisor Series Equity-Income Fund	112,102,324	187,171,613	53,873,571	2,953,152	263,193,072
Fidelity Advisor Series Growth & Income Fund (formerly Fidelity Advisor Series Mega Cap Fund)	25,056,657	185,293,488	23,015,032	1,132,631	204,640,504
Fidelity Advisor Series Growth Opportunities Fund	-	119,975,228	5,407,209	46,422	122,452,317
Fidelity Advisor Series Opportunistic Insights Fund	79,114,060	39,086,958	22,233,196	-	117,332,657
Fidelity Advisor Series Small Cap Fund	-	69,192,481	3,314,767	53,392	69,583,906
Fidelity Advisor Series Stock Selector Large Cap Value Fund	112,492,720	61,819,774	26,010,022	1,367,707	163,124,211
Fidelity Advisor Short Fixed-Income Fund Institutional Class	99,769,271	18,729,879	22,821,098	827,838	95,572,803
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Small Cap Fund Institutional Class	$ 63,218,442	$ 2,242,507	$ 75,261,971	$ -	$ -
Fidelity Institutional Money Market Portfolio Institutional Class	121,613,151	22,445,569	25,770,389	124,388	118,288,330
Fidelity Series 100 Index Fund	25,520,060	50,854,382	7,982,728	1,341,643	74,325,330
Fidelity Series 1000 Value Index Fund	-	29,350,637	1,152,546	109,853	30,074,450
Fidelity Series All-Sector Equity Fund	206,104,762	26,564,719	75,925,432	1,522,681	178,294,761
Fidelity Series Commodity Strategy Fund	192,966,991	30,217,831	166,275,567	-	40,864,214
Fidelity Series Emerging Markets Debt Fund	24,323,444	3,170,745	3,259,970	1,232,719	22,690,533
Fidelity Series Emerging Markets Fund	104,167,314	41,982,710	15,669,028	1,165,817	133,192,392
Fidelity Series Floating Rate High Income Fund	35,417,859	5,257,591	4,463,884	1,529,117	35,648,893
Fidelity Series High Income Fund	176,298,804	52,510,587	26,649,489	9,635,795	203,741,125
Fidelity Series Inflation-Protected Bond Index Fund	270,384,921	38,335,391	262,522,053	28,694	30,235,429
Fidelity Series International Growth Fund	172,481,169	54,836,729	24,971,175	1,411,701	222,984,013
Fidelity Series International Small Cap Fund	35,093,991	14,949,768	5,829,401	327,080	50,730,785
Fidelity Series International Value Fund	170,880,200	57,055,418	25,903,782	4,303,513	224,576,763
Fidelity Series Investment Grade Bond Fund	714,114,976	119,269,129	87,256,198	17,284,265	728,739,921
Fidelity Series Large Cap Value Fund	117,278,679	61,460,009	163,054,730	1,568,977	-
Fidelity Series Real Estate Equity Fund	17,572,853	2,556,866	2,436,999	255,328	17,589,729
Fidelity Series Real Estate Income Fund	19,257,908	3,041,865	5,373,782	979,295	16,230,635
Fidelity Series Small Cap Opportunities Fund	73,572,021	26,524,342	21,176,552	19,228	86,870,526
Total	$ 3,288,444,165	$ 1,333,645,638	$ 1,410,087,965	$ 49,221,236	$ 3,389,929,713

Other Information

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2020 Fund

Financial Statements

Statement of Assets and Liabilities

	March 31, 2014

Assets
Investment in securities, at value (cost $3,026,331,379) - See accompanying schedule		$ 3,389,929,713
Receivable for investments sold		7,154,573
Receivable for fund shares sold		3,217,872
Receivable from affiliate for expense reductions		213
Total assets		3,400,302,371

Liabilities
Payable for investments purchased	$ 4,936,551
Payable for fund shares redeemed	5,434,450
Distribution and service plan fees payable	705,948
Total liabilities		11,076,949

Net Assets		$ 3,389,225,422
Net Assets consist of:
Paid in capital		$ 2,967,919,045
Undistributed net investment income		6,557,183
Accumulated undistributed net realized gain (loss) on investments		51,150,860
Net unrealized appreciation (depreciation) on investments		363,598,334
Net Assets		$ 3,389,225,422

Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($1,910,164,436 ÷ 141,072,599 shares)		$ 13.54

Maximum offering price per share (100/94.25 of $13.54)		$ 14.37
Class T: Net Asset Value and redemption price per share ($465,828,283 ÷ 34,409,341 shares)		$ 13.54

Maximum offering price per share (100/96.50 of $13.54)		$ 14.03
Class B: Net Asset Value and offering price per share ($24,059,924 ÷ 1,777,847 shares)^A		$ 13.53

Class C: Net Asset Value and offering price per share ($113,193,999 ÷ 8,415,260 shares)^A		$ 13.45

Institutional Class: Net Asset Value, offering price and redemption price per share ($875,978,780 ÷ 64,254,705 shares)		$ 13.63

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

	Year ended March 31, 2014

Investment Income
Income distributions from underlying funds		$ 49,221,236

Expenses
Distribution and service plan fees	$ 8,453,404
Independent trustees' compensation	12,664
Total expenses before reductions	8,466,068
Expense reductions	(12,664)	8,453,404
Net investment income (loss)		40,767,832
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	49,726,144
Capital gain distributions from underlying funds	80,704,536
Total net realized gain (loss)		130,430,680
Change in net unrealized appreciation (depreciation) on underlying funds		128,202,291
Net gain (loss)		258,632,971
Net increase (decrease) in net assets resulting from operations		$ 299,400,803

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2020 Fund
Financial Statements - continued

Statement of Changes in Net Assets

	Year ended March 31, 2014	Year ended March 31, 2013
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 40,767,832	$ 42,540,294
Net realized gain (loss)	130,430,680	163,159,519
Change in net unrealized appreciation (depreciation)	128,202,291	31,602,843
Net increase (decrease) in net assets resulting from operations	299,400,803	237,302,656
Distributions to shareholders from net investment income	(39,035,868)	(42,626,632)
Distributions to shareholders from net realized gain	(136,956,119)	(20,099,722)
Total distributions	(175,991,987)	(62,726,354)
Share transactions - net increase (decrease)	(21,965,032)	290,138,617
Total increase (decrease) in net assets	101,443,784	464,714,919

Net Assets
Beginning of period	3,287,781,638	2,823,066,719
End of period (including undistributed net investment income of $6,557,183 and undistributed net investment income of $4,825,219, respectively)	$ 3,389,225,422	$ 3,287,781,638

Financial Highlights - Class A

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.05	$ 12.35	$ 12.45	$ 11.21	$ 7.97
Income from Investment Operations
Net investment income (loss)^C	.16	.18	.19	.16	.20
Net realized and unrealized gain (loss)	1.04	.78	.06	1.36	3.32
Total from investment operations	1.20	.96	.25	1.52	3.52
Distributions from net investment income	(.16)	(.18)	(.18)	(.17)	(.19)
Distributions from net realized gain	(.55)	(.08)	(.18)	(.11)	(.09)
Total distributions	(.71)	(.26)	(.35)^G	(.28)	(.28)^F
Net asset value, end of period	$ 13.54	$ 13.05	$ 12.35	$ 12.45	$ 11.21
Total Return^A,B	9.38%	7.91%	2.23%	13.73%	44.32%
Ratios to Average Net Assets^D,E
Expenses before reductions	.25%	.25%	.25%	.25%	.25%
Expenses net of fee waivers, if any	.25%	.25%	.25%	.25%	.25%
Expenses net of all reductions	.25%	.25%	.25%	.25%	.25%
Net investment income (loss)	1.22%	1.44%	1.55%	1.43%	1.92%
Supplemental Data
Net assets, end of period (000 omitted)	$ 1,910,164	$ 1,944,691	$ 1,740,500	$ 1,557,402	$ 1,238,015
Portfolio turnover rate ^D	40%	21%	18%	39%	26%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the sales charges.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.28 per share is comprised of distributions from net investment income of $.189 and distributions from net realized gain of $.087 per share.

^G Total distributions of $.35 per share is comprised of distributions from net investment income of $.178 and distributions from net realized gain of $.175 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Class T

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.05	$ 12.34	$ 12.45	$ 11.20	$ 7.96
Income from Investment Operations
Net investment income (loss) ^C	.13	.15	.16	.13	.17
Net realized and unrealized gain (loss)	1.03	.79	.05	1.37	3.32
Total from investment operations	1.16	.94	.21	1.50	3.49
Distributions from net investment income	(.13)	(.15)	(.15)	(.13)	(.16)
Distributions from net realized gain	(.55)	(.08)	(.18)	(.11)	(.09)
Total distributions	(.67)^I	(.23)	(.32)^H	(.25)^G	(.25)^F
Net asset value, end of period	$ 13.54	$ 13.05	$ 12.34	$ 12.45	$ 11.20
Total Return^A,B	9.11%	7.72%	1.86%	13.50%	44.02%
Ratios to Average Net Assets^D,E
Expenses before reductions	.50%	.50%	.50%	.50%	.50%
Expenses net of fee waivers, if any	.50%	.50%	.50%	.50%	.50%
Expenses net of all reductions	.50%	.50%	.50%	.50%	.50%
Net investment income (loss)	.97%	1.19%	1.30%	1.18%	1.67%
Supplemental Data
Net assets, end of period (000 omitted)	$ 465,828	$ 430,153	$ 386,416	$ 424,707	$ 488,097
Portfolio turnover rate ^D	40%	21%	18%	39%	26%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the sales charges.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.25 per share is comprised of distributions from net investment income of $.163 and distributions from net realized gain of $.087 per share.

^G Total distributions of $.25 per share is comprised of distributions from net investment income of $.134 and distributions from net realized gain of $.111 per share.

^H Total distributions of $.32 per share is comprised of distributions from net investment income of $.145 and distributions from net realized gain of $.175 per share.

^I Total distributions of $.67 per share is comprised of distributions from net investment income of $.125 and distributions from net realized gain of $.549 per share.

Financial Highlights - Class B

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.04	$ 12.32	$ 12.41	$ 11.17	$ 7.94
Income from Investment Operations
Net investment income (loss) ^C	.06	.09	.10	.08	.12
Net realized and unrealized gain (loss)	1.03	.79	.06	1.35	3.31
Total from investment operations	1.09	.88	.16	1.43	3.43
Distributions from net investment income	(.05)	(.08)	(.08)	(.08)	(.12)
Distributions from net realized gain	(.54)	(.08)	(.17)	(.11)	(.09)
Total distributions	(.60)^G	(.16)	(.25)	(.19)	(.20)^F
Net asset value, end of period	$ 13.53	$ 13.04	$ 12.32	$ 12.41	$ 11.17
Total Return^A,B	8.49%	7.19%	1.39%	12.87%	43.34%
Ratios to Average Net Assets^D,E
Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.48%	.69%	.80%	.68%	1.17%
Supplemental Data
Net assets, end of period (000 omitted)	$ 24,060	$ 33,074	$ 43,138	$ 61,856	$ 71,888
Portfolio turnover rate ^D	40%	21%	18%	39%	26%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the contingent deferred sales charge.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.20 per share is comprised of distributions from net investment income of $.115 and distributions from net realized gain of $.087 per share.

^G Total distributions of $.60 per share is comprised of distributions from net investment income of $.052 and distributions from net realized gain of $.544 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Class C

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.97	$ 12.27	$ 12.37	$ 11.14	$ 7.92
Income from Investment Operations
Net investment income (loss) ^C	.06	.09	.10	.08	.12
Net realized and unrealized gain (loss)	1.03	.78	.06	1.34	3.31
Total from investment operations	1.09	.87	.16	1.42	3.43
Distributions from net investment income	(.07)	(.08)	(.09)	(.08)	(.12)
Distributions from net realized gain	(.54)	(.08)	(.17)	(.11)	(.09)
Total distributions	(.61)	(.17)^G	(.26)	(.19)	(.21)^F
Net asset value, end of period	$ 13.45	$ 12.97	$ 12.27	$ 12.37	$ 11.14
Total Return^A,B	8.57%	7.13%	1.43%	12.89%	43.38%
Ratios to Average Net Assets^D,E
Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.47%	.69%	.80%	.68%	1.17%
Supplemental Data
Net assets, end of period (000 omitted)	$ 113,194	$ 102,576	$ 97,550	$ 101,019	$ 93,237
Portfolio turnover rate ^D	40%	21%	18%	39%	26%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the contingent deferred sales charge.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.21 per share is comprised of distributions from net investment income of $.119 and distributions from net realized gain of $.087 per share.

^G Total distributions of $.17 per share is comprised of distributions from net investment income of $.084 and distributions from net realized gain of $.083 per share.

Financial Highlights - Institutional Class

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.14	$ 12.42	$ 12.53	$ 11.27	$ 8.01
Income from Investment Operations
Net investment income (loss) ^B	.20	.21	.22	.19	.22
Net realized and unrealized gain (loss)	1.03	.80	.05	1.38	3.34
Total from investment operations	1.23	1.01	.27	1.57	3.56
Distributions from net investment income	(.19)	(.21)	(.21)	(.20)	(.21)
Distributions from net realized gain	(.55)	(.08)	(.18)	(.11)	(.09)
Total distributions	(.74)	(.29)	(.38)^G	(.31)	(.30)^F
Net asset value, end of period	$ 13.63	$ 13.14	$ 12.42	$ 12.53	$ 11.27
Total Return^A	9.58%	8.28%	2.39%	14.09%	44.65%
Ratios to Average Net Assets^C,E
Expenses before reductions ^D	.00%	.00%	.00%	.00%	.00%
Expenses net of fee waivers, if any	.00%	.00%	.00%	.00%	.00%
Expenses net of all reductions	.00%	.00%	.00%	.00%	.00%
Net investment income (loss)	1.47%	1.69%	1.80%	1.68%	2.17%
Supplemental Data
Net assets, end of period (000 omitted)	$ 875,979	$ 777,288	$ 555,462	$ 365,157	$ 214,905
Portfolio turnover rate ^C	40%	21%	18%	39%	26%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Calculated based on average shares outstanding during the period.

^C Amounts do not include the activity of the Underlying Funds.

^D Amount represents less than .01%.

^F Total distributions of $.30 per share is comprised of distributions from net investment income of $.211 and distributions from net realized gain of $.087 per share.

^G Total distributions of $.38 per share is comprised of distributions from net investment income of $.208 and distributions from net realized gain of $.175 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2025 Fund

Investment Changes (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of March 31, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Domestic Equity Funds
Fidelity Advisor Equity Growth Fund Institutional Class	5.0	6.0
Fidelity Advisor Series Equity-Income Fund	9.0	4.0
Fidelity Advisor Series Growth & Income Fund	6.7	3.9
Fidelity Advisor Series Growth Opportunities Fund	4.3	0.0
Fidelity Advisor Series Opportunistic Insights Fund	3.9	3.1
Fidelity Advisor Series Small Cap Fund	2.4	0.0
Fidelity Advisor Series Stock Selector Large Cap Value Fund	5.8	4.0
Fidelity Series 100 Index Fund	2.6	0.9
Fidelity Series 1000 Value Index Fund	1.0	0.0
Fidelity Series All-Sector Equity Fund	6.2	7.4
Fidelity Series Commodity Strategy Fund	1.3	7.1
Fidelity Series Real Estate Equity Fund	0.6	0.6
Fidelity Series Small Cap Opportunities Fund	3.0	2.7
Fidelity Advisor Large Cap Fund Institutional Class	0.0	2.9
Fidelity Advisor Small Cap Fund Institutional Class	0.0	2.3
Fidelity Series Large Cap Value Fund	0.0	3.9
	51.8	48.8
International Equity Funds
Fidelity Series Emerging Markets Fund	4.7	3.8
Fidelity Series International Growth Fund	7.7	6.5
Fidelity Series International Small Cap Fund	1.7	1.3
Fidelity Series International Value Fund	7.7	6.6
	21.8	18.2
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.7	0.7
Fidelity Series Floating Rate High Income Fund	0.9	0.9
Fidelity Series High Income Fund	6.3	6.8
Fidelity Series Inflation-Protected Bond Index Fund	0.5	5.6
Fidelity Series Investment Grade Bond Fund	17.1	17.5
Fidelity Series Real Estate Income Fund	0.5	0.5
	26.0	32.0
Short-Term Funds
Fidelity Advisor Short Fixed-Income Fund Institutional Class	0.2	0.5
Fidelity Institutional Money Market Portfolio Institutional Class	0.2	0.5
	0.4	1.0
Net Other Assets (Liabilities)*	0.0	0.0
	100.0	100.0

* Amount represents less than 0.1%

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds**	51.8%
	International Equity Funds	21.8%
	Bond Funds	26.0%
	Short-Term Funds	0.4%

aff4019945

Six months ago
	Domestic Equity Funds**	48.8%
	International Equity Funds	18.2%
	Bond Funds	32.0%
	Short-Term Funds	1.0%

aff4019951

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Annual Report

Fidelity Advisor Freedom 2025 Fund

Investments March 31, 2014

Showing Percentage of Net Assets

Domestic Equity Funds - 51.8%
	Shares		Value
Fidelity Advisor Equity Growth Fund Institutional Class (a)(c)	1,739,057		$ 161,175,772
Fidelity Advisor Series Equity-Income Fund (c)	23,346,189		292,761,215
Fidelity Advisor Series Growth & Income Fund (c)	16,641,014		218,330,109
Fidelity Advisor Series Growth Opportunities Fund (c)	13,139,761		140,332,644
Fidelity Advisor Series Opportunistic Insights Fund (c)	9,132,154		127,758,835
Fidelity Advisor Series Small Cap Fund (c)	7,353,988		77,658,110
Fidelity Advisor Series Stock Selector Large Cap Value Fund (c)	14,828,127		187,724,084
Fidelity Series 100 Index Fund (c)	6,848,963		83,351,878
Fidelity Series 1000 Value Index Fund (c)	3,157,590		33,723,065
Fidelity Series All-Sector Equity Fund (c)	14,146,509		199,748,704
Fidelity Series Commodity Strategy Fund (a)(c)	4,940,441		41,746,724
Fidelity Series Real Estate Equity Fund (c)	1,567,115		20,247,127
Fidelity Series Small Cap Opportunities Fund (c)	7,200,883		97,715,981
TOTAL DOMESTIC EQUITY FUNDS (Cost $1,405,839,607)		1,682,274,248
International Equity Funds - 21.8%

Fidelity Series Emerging Markets Fund (c)	8,868,347		152,092,142
Fidelity Series International Growth Fund (c)	17,793,395		251,954,473
Fidelity Series International Small Cap Fund (c)	3,496,376		56,606,327
Fidelity Series International Value Fund (c)	22,455,493		249,705,079
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $592,982,653)		710,358,021
Bond Funds - 26.0%
	Shares		Value
Fidelity Series Emerging Markets Debt Fund (c)	2,118,533		$ 21,609,039
Fidelity Series Floating Rate High Income Fund (c)	2,810,985		29,402,899
Fidelity Series High Income Fund (c)	19,451,354		205,989,836
Fidelity Series Inflation-Protected Bond Index Fund (c)	1,653,910		16,291,016
Fidelity Series Investment Grade Bond Fund (c)	49,290,452		555,010,492
Fidelity Series Real Estate Income Fund (c)	1,378,022		15,544,088
TOTAL BOND FUNDS (Cost $834,912,782)		843,847,370
Short-Term Funds - 0.4%

Fidelity Advisor Short Fixed-Income Fund Institutional Class (c)	541,268		5,060,855
Fidelity Institutional Money Market Portfolio Institutional Class 0.09% (b)(c)	8,293,580		8,293,580
TOTAL SHORT-TERM FUNDS (Cost $13,315,844)		13,354,435
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $2,847,050,886)			3,249,834,074
NET OTHER ASSETS (LIABILITIES) - 0.0%			(646,841)
NET ASSETS - 100%		$ 3,249,187,233

Legend

(a) Non-income producing

(b) The rate quoted is the annualized seven-day yield of the fund at period end.

Affiliated Underlying Funds

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Equity Growth Fund Institutional Class	$ 168,222,574	$ 13,479,942	$ 65,838,832	$ -	$ 161,175,772
Fidelity Advisor Growth & Income Fund Institutional Class	89,324,444	2,811,266	99,939,107	-	-
Fidelity Advisor Large Cap Fund Institutional Class	90,137,343	3,660,575	110,306,363	-	-
Fidelity Advisor Series Equity-Income Fund	118,699,060	179,039,606	24,290,238	3,239,331	292,761,215
Fidelity Advisor Series Growth & Income Fund (formerly Fidelity Advisor Series Mega Cap Fund)	26,284,215	196,123,896	22,539,075	1,233,577	218,330,109
Fidelity Advisor Series Growth Opportunities Fund	-	136,848,221	5,528,074	53,012	140,332,644
Fidelity Advisor Series Opportunistic Insights Fund	83,888,742	35,132,758	14,538,510	-	127,758,835
Fidelity Advisor Series Small Cap Fund	-	76,819,587	3,318,480	59,050	77,658,110
Fidelity Advisor Series Stock Selector Large Cap Value Fund	119,562,234	72,814,876	21,075,960	1,496,503	187,724,084
Fidelity Advisor Short Fixed-Income Fund Institutional Class	9,663,635	4,902,850	9,499,422	74,527	5,060,855
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Small Cap Fund Institutional Class	$ 68,924,591	$ 4,099,143	$ 83,998,637	$ -	$ -
Fidelity Institutional Money Market Portfolio Institutional Class	11,776,143	7,502,371	10,984,934	12,013	8,293,580
Fidelity Series 100 Index Fund	27,794,239	55,631,173	6,286,898	970,990	83,351,878
Fidelity Series 1000 Value Index Fund	-	32,960,182	1,241,077	124,831	33,723,065
Fidelity Series All-Sector Equity Fund	223,124,251	35,178,604	82,813,123	1,690,245	199,748,704
Fidelity Series Commodity Strategy Fund	209,981,372	44,701,054	195,124,504	-	41,746,724
Fidelity Series Emerging Markets Debt Fund	21,302,722	3,841,520	2,186,971	1,126,153	21,609,039
Fidelity Series Emerging Markets Fund	111,535,501	48,599,656	11,036,020	1,379,300	152,092,142
Fidelity Series Floating Rate High Income Fund	26,695,868	5,881,598	2,740,662	1,195,341	29,402,899
Fidelity Series High Income Fund	202,125,088	35,081,775	32,949,570	10,965,986	205,989,836
Fidelity Series Inflation-Protected Bond Index Fund	157,454,593	30,736,810	162,635,573	15,706	16,291,016
Fidelity Series International Growth Fund	184,869,495	64,033,670	20,351,922	1,610,157	251,954,473
Fidelity Series International Small Cap Fund	37,686,968	15,983,022	4,420,315	395,173	56,606,327
Fidelity Series International Value Fund	183,537,602	62,458,944	21,487,332	5,094,831	249,705,079
Fidelity Series Investment Grade Bond Fund	501,358,646	114,909,069	49,297,880	12,700,638	555,010,492
Fidelity Series Large Cap Value Fund	126,349,210	72,904,036	180,844,898	1,793,967	-
Fidelity Series Real Estate Equity Fund	18,637,135	3,647,305	1,993,606	285,847	20,247,127
Fidelity Series Real Estate Income Fund	15,704,734	2,738,428	2,381,354	851,783	15,544,088
Fidelity Series Small Cap Opportunities Fund	80,339,838	28,414,586	19,845,458	21,691	97,715,981
Total	$ 2,914,980,243	$ 1,390,936,523	$ 1,269,494,795	$ 46,390,652	$ 3,249,834,074

Other Information

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2025 Fund

Financial Statements

Statement of Assets and Liabilities

	March 31, 2014

Assets
Investment in securities, at value (cost $2,847,050,886) - See accompanying schedule		$ 3,249,834,074
Cash		8
Receivable for investments sold		11,514,174
Receivable for fund shares sold		2,960,987
Receivable from affiliate for expense reductions		452
Total assets		3,264,309,695

Liabilities
Payable for investments purchased	$ 7,472,970
Payable for fund shares redeemed	7,002,258
Distribution and service plan fees payable	647,234
Total liabilities		15,122,462

Net Assets		$ 3,249,187,233
Net Assets consist of:
Paid in capital		$ 2,791,452,566
Undistributed net investment income		5,332,978
Accumulated undistributed net realized gain (loss) on investments		49,618,501
Net unrealized appreciation (depreciation) on investments		402,783,188
Net Assets		$ 3,249,187,233

Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($1,907,797,170 ÷ 143,148,888 shares)		$ 13.33

Maximum offering price per share (100/94.25 of $13.33)		$ 14.14
Class T: Net Asset Value and redemption price per share ($387,918,522 ÷ 29,054,520 shares)		$ 13.35

Maximum offering price per share (100/96.50 of $13.35)		$ 13.83
Class B: Net Asset Value and offering price per share ($17,697,976 ÷ 1,334,020 shares)^A		$ 13.27

Class C: Net Asset Value and offering price per share ($89,401,884 ÷ 6,780,076 shares)^A		$ 13.19

Institutional Class: Net Asset Value, offering price and redemption price per share ($846,371,681 ÷ 63,032,449 shares)		$ 13.43

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

	Year ended March 31, 2014

Investment Income
Income distributions from underlying funds		$ 46,390,652

Expenses
Distribution and service plan fees	$ 7,481,700
Independent trustees' compensation	11,651
Total expenses before reductions	7,493,351
Expense reductions	(11,651)	7,481,700
Net investment income (loss)		38,908,952
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	33,894,711
Capital gain distributions from underlying funds	88,503,422
Total net realized gain (loss)		122,398,133
Change in net unrealized appreciation (depreciation) on underlying funds		179,518,027
Net gain (loss)		301,916,160
Net increase (decrease) in net assets resulting from operations		$ 340,825,112

See accompanying notes which are an integral part of the financial statements.

Annual Report

Statement of Changes in Net Assets

	Year ended March 31, 2014	Year ended March 31, 2013
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 38,908,952	$ 39,243,788
Net realized gain (loss)	122,398,133	155,185,524
Change in net unrealized appreciation (depreciation)	179,518,027	39,571,192
Net increase (decrease) in net assets resulting from operations	340,825,112	234,000,504
Distributions to shareholders from net investment income	(37,620,928)	(38,848,941)
Distributions to shareholders from net realized gain	(153,387,663)	(14,347,444)
Total distributions	(191,008,591)	(53,196,385)
Share transactions - net increase (decrease)	184,975,743	370,631,756
Total increase (decrease) in net assets	334,792,264	551,435,875

Net Assets
Beginning of period	2,914,394,969	2,362,959,094
End of period (including undistributed net investment income of $5,332,978 and undistributed net investment income of $4,044,954, respectively)	$ 3,249,187,233	$ 2,914,394,969

Financial Highlights - Class A

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.72	$ 11.91	$ 12.09	$ 10.76	$ 7.51
Income from Investment Operations
Net investment income (loss) ^C	.16	.18	.18	.16	.18
Net realized and unrealized gain (loss)	1.26	.88	(.01)	1.43	3.32
Total from investment operations	1.42	1.06	.17	1.59	3.50
Distributions from net investment income	(.16)	(.18)	(.17)	(.16)	(.17)
Distributions from net realized gain	(.66)	(.07)	(.18)	(.11)	(.09)
Total distributions	(.81) ^H	(.25)	(.35)	(.26)^G	(.25)^F
Net asset value, end of period	$ 13.33	$ 12.72	$ 11.91	$ 12.09	$ 10.76
Total Return ^{A, B}	11.54%	9.00%	1.61%	14.97%	46.86%
Ratios to Average Net Assets ^{D, E}
Expenses before reductions	.25%	.25%	.25%	.25%	.25%
Expenses net of fee waivers, if any	.25%	.25%	.25%	.25%	.25%
Expenses net of all reductions	.25%	.25%	.25%	.25%	.25%
Net investment income (loss)	1.25%	1.54%	1.56%	1.42%	1.82%
Supplemental Data
Net assets, end of period (000 omitted)	$ 1,907,797	$ 1,806,028	$ 1,539,333	$ 1,290,255	$ 999,687
Portfolio turnover rate ^D	41%	22%	14%	34%	19%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the sales charges.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.25 per share is comprised of distributions from net investment income of $.169 and distributions from net realized gain of $.085 per share.

^G Total distributions of $.26 per share is comprised of distributions from net investment income of $.155 and distributions from net realized gain of $.106 per share.

^H Total distributions of $.81 per share is comprised of distributions from net investment income of $.157 and distributions from net realized gain of $.657 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Class T

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.74	$ 11.93	$ 12.11	$ 10.78	$ 7.52
Income from Investment Operations
Net investment income (loss) ^C	.13	.15	.15	.13	.15
Net realized and unrealized gain (loss)	1.26	.88	(.01)	1.43	3.34
Total from investment operations	1.39	1.03	.14	1.56	3.49
Distributions from net investment income	(.13)	(.15)	(.14)	(.13)	(.15)
Distributions from net realized gain	(.66)	(.07)	(.18)	(.11)	(.09)
Total distributions	(.78)^H	(.22)	(.32)	(.23)^G	(.23)^F
Net asset value, end of period	$ 13.35	$ 12.74	$ 11.93	$ 12.11	$ 10.78
Total Return ^{A, B}	11.27%	8.74%	1.33%	14.67%	46.60%
Ratios to Average Net Assets ^{D, E}
Expenses before reductions	.50%	.50%	.50%	.50%	.50%
Expenses net of fee waivers, if any	.50%	.50%	.50%	.50%	.50%
Expenses net of all reductions	.50%	.50%	.50%	.50%	.50%
Net investment income (loss)	1.00%	1.29%	1.31%	1.17%	1.57%
Supplemental Data
Net assets, end of period (000 omitted)	$ 387,919	$ 324,352	$ 257,594	$ 258,166	$ 230,003
Portfolio turnover rate ^D	41%	22%	14%	34%	19%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the sales charges.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.23 per share is comprised of distributions from net investment income of $.146 and distributions from net realized gain of $.085 per share.

^G Total distributions of $.23 per share is comprised of distributions from net investment income of $.128 and distributions from net realized gain of $.106 per share.

^H Total distributions of $.78 per share is comprised of distributions from net investment income of $.127 and distributions from net realized gain of $.657 per share.

Financial Highlights - Class B

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.66	$ 11.84	$ 12.01	$ 10.70	$ 7.47
Income from Investment Operations
Net investment income (loss) ^C	.06	.09	.09	.07	.10
Net realized and unrealized gain (loss)	1.26	.88	(.01)	1.42	3.32
Total from investment operations	1.32	.97	.08	1.49	3.42
Distributions from net investment income	(.06)	(.08)	(.08)	(.07)	(.10)
Distributions from net realized gain	(.65)	(.07)	(.17)	(.11)	(.09)
Total distributions	(.71)	(.15)	(.25)	(.18)	(.19)^F
Net asset value, end of period	$ 13.27	$ 12.66	$ 11.84	$ 12.01	$ 10.70
Total Return ^{A, B}	10.71%	8.26%	.82%	14.02%	45.83%
Ratios to Average Net Assets ^{D, E}
Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.50%	.79%	.81%	.67%	1.07%
Supplemental Data
Net assets, end of period (000 omitted)	$ 17,698	$ 23,061	$ 29,202	$ 38,946	$ 38,816
Portfolio turnover rate ^D	41%	22%	14%	34%	19%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the contingent deferred sales charge.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.19 per share is comprised of distributions from net investment income of $.100 and distributions from net realized gain of $.085 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Class C

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.60	$ 11.80	$ 11.98	$ 10.68	$ 7.46
Income from Investment Operations
Net investment income (loss) ^C	.06	.09	.09	.07	.10
Net realized and unrealized gain (loss)	1.25	.87	(.01)	1.41	3.31
Total from investment operations	1.31	.96	.08	1.48	3.41
Distributions from net investment income	(.07)	(.10)	(.09)	(.08)	(.11)
Distributions from net realized gain	(.65)	(.07)	(.17)	(.11)	(.09)
Total distributions	(.72)	(.16)^H	(.26)	(.18)^G	(.19)^F
Net asset value, end of period	$ 13.19	$ 12.60	$ 11.80	$ 11.98	$ 10.68
Total Return ^{A, B}	10.71%	8.23%	.86%	14.01%	45.83%
Ratios to Average Net Assets ^{D, E}
Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.50%	.79%	.81%	.67%	1.07%
Supplemental Data
Net assets, end of period (000 omitted)	$ 89,402	$ 74,415	$ 66,126	$ 61,640	$ 52,756
Portfolio turnover rate ^D	41%	22%	14%	34%	19%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the contingent deferred sales charge.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.19 per share is comprised of distributions from net investment income of $.105 and distributions from net realized gain of $.085 per share.

^G Total distributions of $.18 per share is comprised of distributions from net investment income of $.077 and distributions from net realized gain of $.106 per share.

^H Total distributions of $.16 per share is comprised of distributions from net investment income of $.096 and distributions from net realized gain of $.066 per share.

Financial Highlights - Institutional Class

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.81	$ 11.99	$ 12.17	$ 10.83	$ 7.55
Income from Investment Operations
Net investment income (loss) ^B	.19	.22	.21	.19	.20
Net realized and unrealized gain (loss)	1.28	.88	(.02)	1.44	3.35
Total from investment operations	1.47	1.10	.19	1.63	3.55
Distributions from net investment income	(.19)	(.21)	(.20)	(.18)	(.19)
Distributions from net realized gain	(.66)	(.07)	(.18)	(.11)	(.09)
Total distributions	(.85)	(.28)	(.37)^G	(.29)	(.27)^F
Net asset value, end of period	$ 13.43	$ 12.81	$ 11.99	$ 12.17	$ 10.83
Total Return ^A	11.81%	9.29%	1.84%	15.23%	47.31%
Ratios to Average Net Assets ^{C, E}
Expenses before reductions ^D	.00%	.00%	.00%	.00%	.00%
Expenses net of fee waivers, if any	.00%	.00%	.00%	.00%	.00%
Expenses net of all reductions	.00%	.00%	.00%	.00%	.00%
Net investment income (loss)	1.50%	1.79%	1.81%	1.67%	2.07%
Supplemental Data
Net assets, end of period (000 omitted)	$ 846,372	$ 686,540	$ 470,704	$ 284,309	$ 140,948
Portfolio turnover rate ^C	41%	22%	14%	34%	19%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Calculated based on average shares outstanding during the period.

^C Amounts do not include the activity of the Underlying Funds.

^D Amount represents less than .01%.

^F Total distributions of $.27 per share is comprised of distributions from net investment income of $.189 and distributions from net realized gain of $.085 per share.

^G Total distributions of $.37 per share is comprised of distributions from net investment income of $.195 and distributions from net realized gain of $.179 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2030 Fund

Investment Changes (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of March 31, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Domestic Equity Funds
Fidelity Advisor Equity Growth Fund Institutional Class	5.6	6.3
Fidelity Advisor Series Equity-Income Fund	10.9	4.3
Fidelity Advisor Series Growth & Income Fund	7.2	4.1
Fidelity Advisor Series Growth Opportunities Fund	5.0	0.0
Fidelity Advisor Series Opportunistic Insights Fund	4.9	3.2
Fidelity Advisor Series Small Cap Fund	2.9	0.0
Fidelity Advisor Series Stock Selector Large Cap Value Fund	7.2	4.2
Fidelity Series 100 Index Fund	3.0	1.0
Fidelity Series 1000 Value Index Fund	1.2	0.0
Fidelity Series All-Sector Equity Fund	7.1	7.8
Fidelity Series Commodity Strategy Fund	1.2	7.5
Fidelity Series Real Estate Equity Fund	0.7	0.6
Fidelity Series Small Cap Opportunities Fund	3.6	2.8
Fidelity Advisor Large Cap Fund Institutional Class	0.0	3.1
Fidelity Advisor Small Cap Fund Institutional Class	0.0	2.5
Fidelity Series Large Cap Value Fund	0.0	4.2
	60.5	51.6
International Equity Funds
Fidelity Series Emerging Markets Fund	5.5	4.1
Fidelity Series International Growth Fund	9.1	6.8
Fidelity Series International Small Cap Fund	2.1	1.5
Fidelity Series International Value Fund	9.0	6.9
	25.7	19.3
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.7	0.7
Fidelity Series Floating Rate High Income Fund	0.8	0.8
Fidelity Series High Income Fund	6.6	6.9
Fidelity Series Inflation-Protected Bond Index Fund	0.1	2.8
Fidelity Series Investment Grade Bond Fund	5.1	17.4
Fidelity Series Real Estate Income Fund	0.5	0.5
	13.8	29.1
Net Other Assets (Liabilities)*	0.0	0.0
	100.0	100.0

* Amount represents less than 0.1%

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds**	60.5%
	International Equity Funds	25.7%
	Bond Funds	13.8%

aff4019956

Six months ago
	Domestic Equity Funds**	51.6%
	International Equity Funds	19.3%
	Bond Funds	29.1%

aff4019961

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Annual Report

Fidelity Advisor Freedom 2030 Fund

Investments March 31, 2014

Showing Percentage of Net Assets

Domestic Equity Funds - 60.5%
	Shares		Value
Fidelity Advisor Equity Growth Fund Institutional Class (a)(b)	1,948,548		$ 180,591,438
Fidelity Advisor Series Equity-Income Fund (b)	28,073,758		352,044,918
Fidelity Advisor Series Growth & Income Fund (b)	17,751,221		232,896,023
Fidelity Advisor Series Growth Opportunities Fund (b)	15,312,656		163,539,168
Fidelity Advisor Series Opportunistic Insights Fund (b)	11,480,523		160,612,516
Fidelity Advisor Series Small Cap Fund (b)	8,787,153		92,792,339
Fidelity Advisor Series Stock Selector Large Cap Value Fund (b)	18,467,694		233,801,000
Fidelity Series 100 Index Fund (b)	7,990,821		97,248,296
Fidelity Series 1000 Value Index Fund (b)	3,683,487		39,339,638
Fidelity Series All-Sector Equity Fund (b)	16,204,956		228,813,984
Fidelity Series Commodity Strategy Fund (a)(b)	4,563,486		38,561,460
Fidelity Series Real Estate Equity Fund (b)	1,696,586		21,919,897
Fidelity Series Small Cap Opportunities Fund (b)	8,661,364		117,534,715
TOTAL DOMESTIC EQUITY FUNDS (Cost $1,664,705,473)		1,959,695,392
International Equity Funds - 25.7%

Fidelity Series Emerging Markets Fund (b)	10,337,089		177,281,078
Fidelity Series International Growth Fund (b)	20,904,830		296,012,399

	Shares		Value
Fidelity Series International Small Cap Fund (b)	4,151,274		$ 67,209,134
Fidelity Series International Value Fund (b)	26,211,522		291,472,129
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $708,319,504)		831,974,740
Bond Funds - 13.8%

Fidelity Series Emerging Markets Debt Fund (b)	2,161,316		22,045,419
Fidelity Series Floating Rate High Income Fund (b)	2,615,386		27,356,941
Fidelity Series High Income Fund (b)	20,167,270		213,571,385
Fidelity Series Inflation-Protected Bond Index Fund (b)	311,685		3,070,098
Fidelity Series Investment Grade Bond Fund (b)	14,666,791		165,148,062
Fidelity Series Real Estate Income Fund (b)	1,370,243		15,456,345
TOTAL BOND FUNDS (Cost $430,765,610)		446,648,250
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $2,803,790,587)			3,238,318,382
NET OTHER ASSETS (LIABILITIES) - 0.0%			(648,366)
NET ASSETS - 100%		$ 3,237,670,016

Legend

(a) Non-income producing

(b) Affiliated Fund

Affiliated Underlying Funds

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Equity Growth Fund Institutional Class	$ 179,689,389	$ 22,725,237	$ 70,472,399	$ -	$ 180,591,438
Fidelity Advisor Growth & Income Fund Institutional Class	95,214,795	1,721,067	105,161,542	-	-
Fidelity Advisor Large Cap Fund Institutional Class	96,135,812	2,330,496	115,915,404	-	-
Fidelity Advisor Series Equity-Income Fund	126,635,001	235,533,940	31,148,734	3,652,450	352,044,918
Fidelity Advisor Series Growth & Income Fund (formerly Fidelity Advisor Series Mega Cap Fund)	28,043,155	204,024,756	17,992,900	1,284,377	232,896,023
Fidelity Advisor Series Growth Opportunities Fund	-	159,502,689	6,071,488	59,260	163,539,168
Fidelity Advisor Series Opportunistic Insights Fund	89,481,574	62,673,317	16,986,525	-	160,612,516
Fidelity Advisor Series Small Cap Fund	-	91,884,139	4,177,197	63,856	92,792,339
Fidelity Advisor Series Stock Selector Large Cap Value Fund	127,546,729	117,827,301	28,327,728	2,045,772	233,801,000
Fidelity Advisor Small Cap Fund Institutional Class	73,801,869	2,755,842	88,170,659	-	-
Fidelity Series 100 Index Fund	29,526,733	70,727,501	10,048,668	1,785,489	97,248,296
Fidelity Series 1000 Value Index Fund	-	38,689,244	1,563,480	135,799	39,339,638
Fidelity Series All-Sector Equity Fund	237,970,708	43,419,262	77,310,366	1,891,174	228,813,984
Fidelity Series Commodity Strategy Fund	223,024,825	41,838,466	207,285,081	-	38,561,460
Fidelity Series Emerging Markets Debt Fund	21,567,139	4,265,550	2,434,213	1,134,665	22,045,419
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Series Emerging Markets Fund	$ 119,091,201	$ 72,312,658	$ 17,349,901	$ 1,730,315	$ 177,281,078
Fidelity Series Floating Rate High Income Fund	24,857,076	5,887,215	2,990,678	1,110,447	27,356,941
Fidelity Series High Income Fund	206,384,861	36,840,217	31,392,199	11,239,062	213,571,385
Fidelity Series Inflation-Protected Bond Index Fund	75,072,305	18,941,560	86,810,888	3,816	3,070,098
Fidelity Series International Growth Fund	197,193,583	104,188,063	30,326,724	1,994,725	296,012,399
Fidelity Series International Small Cap Fund	40,156,611	24,085,769	5,307,036	411,482	67,209,134
Fidelity Series International Value Fund	195,575,080	98,990,321	29,375,800	5,913,342	291,472,129
Fidelity Series Investment Grade Bond Fund	513,272,085	108,777,838	442,817,838	8,698,079	165,148,062
Fidelity Series Large Cap Value Fund	134,229,504	74,944,915	189,628,457	1,898,181	-
Fidelity Series Real Estate Equity Fund	19,848,733	4,547,452	2,422,447	299,900	21,919,897
Fidelity Series Real Estate Income Fund	14,357,770	3,143,422	1,595,388	807,403	15,456,345
Fidelity Series Small Cap Opportunities Fund	85,867,813	40,107,262	18,181,634	23,162	117,534,715
Total	$ 2,954,544,351	$ 1,692,685,499	$ 1,641,265,374	$ 46,182,756	$ 3,238,318,382

Other Information

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2030 Fund

Financial Statements

Statement of Assets and Liabilities

	March 31, 2014

Assets
Investment in securities, at value (cost $2,803,790,587) - See accompanying schedule		$ 3,238,318,382
Cash		4
Receivable for investments sold		6,865,609
Receivable for fund shares sold		3,740,442
Receivable from affiliate for expense reductions		404
Total assets		3,248,924,841

Liabilities
Payable for investments purchased	$ 2,323,533
Payable for fund shares redeemed	8,282,509
Distribution and service plan fees payable	648,783
Total liabilities		11,254,825

Net Assets		$ 3,237,670,016
Net Assets consist of:
Paid in capital		$ 2,764,003,246
Undistributed net investment income		2,666,670
Accumulated undistributed net realized gain (loss) on investments		36,472,305
Net unrealized appreciation (depreciation) on investments		434,527,795
Net Assets		$ 3,237,670,016

Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($1,777,132,158 ÷ 125,634,798 shares)		$ 14.15

Maximum offering price per share (100/94.25 of $14.15)		$ 15.01
Class T: Net Asset Value and redemption price per share ($453,943,760 ÷ 32,195,162 shares)		$ 14.10

Maximum offering price per share (100/96.50 of $14.10)		$ 14.61
Class B: Net Asset Value and offering price per share ($21,329,583 ÷ 1,515,479 shares)^A		$ 14.07

Class C: Net Asset Value and offering price per share ($87,866,672 ÷ 6,277,982 shares)^A		$ 14.00

Institutional Class: Net Asset Value, offering price and redemption price per share ($897,397,843 ÷ 63,116,515 shares)		$ 14.22

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

	Year ended March 31, 2014

Investment Income
Income distributions from underlying funds		$ 46,182,756

Expenses
Distribution and service plan fees	$ 7,601,815
Independent trustees' compensation	11,676
Total expenses before reductions	7,613,491
Expense reductions	(11,676)	7,601,815
Net investment income (loss)		38,580,941
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	19,134,162
Capital gain distributions from underlying funds	97,012,567
Total net realized gain (loss)		116,146,729
Change in net unrealized appreciation (depreciation) on underlying funds		213,220,407
Net gain (loss)		329,367,136
Net increase (decrease) in net assets resulting from operations		$ 367,948,077

See accompanying notes which are an integral part of the financial statements.

Annual Report

Statement of Changes in Net Assets

	Year ended March 31, 2014	Year ended March 31, 2013
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 38,580,941	$ 41,214,791
Net realized gain (loss)	116,146,729	166,007,236
Change in net unrealized appreciation (depreciation)	213,220,407	37,190,757
Net increase (decrease) in net assets resulting from operations	367,948,077	244,412,784
Distributions to shareholders from net investment income	(40,012,043)	(40,765,226)
Distributions to shareholders from net realized gain	(149,090,135)	(13,074,704)
Total distributions	(189,102,178)	(53,839,930)
Share transactions - net increase (decrease)	104,883,603	314,631,239
Total increase (decrease) in net assets	283,729,502	505,204,093

Net Assets
Beginning of period	2,953,940,514	2,448,736,421
End of period (including undistributed net investment income of $2,666,670 and undistributed net investment income of $4,097,771, respectively)	$ 3,237,670,016	$ 2,953,940,514

Financial Highlights - Class A

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.36	$ 12.48	$ 12.72	$ 11.29	$ 7.69
Income from Investment Operations
Net investment income (loss) ^C	.17	.20	.19	.16	.16
Net realized and unrealized gain (loss)	1.47	.94	(.06)	1.54	3.68
Total from investment operations	1.64	1.14	.13	1.70	3.84
Distributions from net investment income	(.18)	(.20)	(.18)	(.16)	(.15)
Distributions from net realized gain	(.67)	(.06)	(.19)	(.11)	(.09)
Total distributions	(.85)	(.26)	(.37)	(.27)	(.24) ^F
Net asset value, end of period	$ 14.15	$ 13.36	$ 12.48	$ 12.72	$ 11.29
Total Return ^{A, B}	12.60%	9.25%	1.25%	15.27%	50.17%
Ratios to Average Net Assets ^{D, E}
Expenses before reductions	.25%	.25%	.25%	.25%	.25%
Expenses net of fee waivers, if any	.25%	.25%	.25%	.25%	.25%
Expenses net of all reductions	.25%	.25%	.25%	.25%	.25%
Net investment income (loss)	1.24%	1.58%	1.57%	1.38%	1.61%
Supplemental Data
Net assets, end of period (000 omitted)	$ 1,777,132	$ 1,747,549	$ 1,506,827	$ 1,340,583	$ 1,030,972
Portfolio turnover rate ^D	53%	23%	16%	38%	20%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the sales charges.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.24 per share is comprised of distributions from net investment income of $.151 and distributions from net realized gain of $.093 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Class T

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.32	$ 12.44	$ 12.68	$ 11.25	$ 7.67
Income from Investment Operations
Net investment income (loss) ^C	.14	.17	.16	.13	.14
Net realized and unrealized gain (loss)	1.46	.94	(.06)	1.54	3.66
Total from investment operations	1.60	1.11	.10	1.67	3.80
Distributions from net investment income	(.15)	(.17)	(.15)	(.13)	(.13)
Distributions from net realized gain	(.67)	(.06)	(.19)	(.11)	(.09)
Total distributions	(.82)	(.23)	(.34)	(.24)	(.22) ^F
Net asset value, end of period	$ 14.10	$ 13.32	$ 12.44	$ 12.68	$ 11.25
Total Return ^{A, B}	12.29%	9.02%	.98%	14.98%	49.72%
Ratios to Average Net Assets ^{D, E}
Expenses before reductions	.50%	.50%	.50%	.50%	.50%
Expenses net of fee waivers, if any	.50%	.50%	.50%	.50%	.50%
Expenses net of all reductions	.50%	.50%	.50%	.50%	.50%
Net investment income (loss)	.99%	1.33%	1.32%	1.12%	1.36%
Supplemental Data
Net assets, end of period (000 omitted)	$ 453,944	$ 387,102	$ 335,407	$ 348,443	$ 382,092
Portfolio turnover rate ^D	53%	23%	16%	38%	20%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the sales charges.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.22 per share is comprised of distributions from net investment income of $.128 and distributions from net realized gain of $.093 per share.

Financial Highlights - Class B

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.29	$ 12.41	$ 12.63	$ 11.21	$ 7.64
Income from Investment Operations
Net investment income (loss) ^C	.07	.10	.10	.07	.09
Net realized and unrealized gain (loss)	1.45	.94	(.06)	1.53	3.65
Total from investment operations	1.52	1.04	.04	1.60	3.74
Distributions from net investment income	(.07)	(.10)	(.08)	(.07)	(.08)
Distributions from net realized gain	(.66)	(.06)	(.18)	(.11)	(.09)
Total distributions	(.74) ^G	(.16)	(.26)	(.18)	(.17) ^F
Net asset value, end of period	$ 14.07	$ 13.29	$ 12.41	$ 12.63	$ 11.21
Total Return ^{A, B}	11.69%	8.44%	.52%	14.38%	49.07%
Ratios to Average Net Assets ^{D, E}
Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.49%	.83%	.82%	.62%	.86%
Supplemental Data
Net assets, end of period (000 omitted)	$ 21,330	$ 27,191	$ 34,324	$ 47,275	$ 51,360
Portfolio turnover rate ^D	53%	23%	16%	38%	20%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the contingent deferred sales charge.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.17 per share is comprised of distributions from net investment income of $.080 and distributions from net realized gain of $.092 per share.

^G Total distributions of $.74 per share is comprised of distributions from net investment income of $.074 and distributions from net realized gain of $.663 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Class C

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.23	$ 12.37	$ 12.60	$ 11.19	$ 7.63
Income from Investment Operations
Net investment income (loss) ^C	.07	.10	.10	.07	.09
Net realized and unrealized gain (loss)	1.45	.93	(.05)	1.53	3.65
Total from investment operations	1.52	1.03	.05	1.60	3.74
Distributions from net investment income	(.09)	(.11)	(.09)	(.08)	(.08)
Distributions from net realized gain	(.66)	(.06)	(.18)	(.11)	(.09)
Total distributions	(.75)	(.17)	(.28) ^G	(.19)	(.18) ^F
Net asset value, end of period	$ 14.00	$ 13.23	$ 12.37	$ 12.60	$ 11.19
Total Return ^{A, B}	11.77%	8.39%	.55%	14.38%	49.06%
Ratios to Average Net Assets ^{D, E}
Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.49%	.83%	.82%	.63%	.86%
Supplemental Data
Net assets, end of period (000 omitted)	$ 87,867	$ 75,384	$ 66,418	$ 68,349	$ 63,700
Portfolio turnover rate ^D	53%	23%	16%	38%	20%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the contingent deferred sales charge.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.18 per share is comprised of distributions from net investment income of $.083 and distributions from net realized gain of $.093 per share.

^G Total distributions of $.28 per share is comprised of distributions from net investment income of $.094 and distributions from net realized gain of $.182 per share.

Financial Highlights - Institutional Class

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.42	$ 12.54	$ 12.77	$ 11.33	$ 7.72
Income from Investment Operations
Net investment income (loss) ^B	.20	.23	.22	.19	.19
Net realized and unrealized gain (loss)	1.48	.94	(.05)	1.55	3.69
Total from investment operations	1.68	1.17	.17	1.74	3.88
Distributions from net investment income	(.21)	(.23)	(.21)	(.19)	(.17)
Distributions from net realized gain	(.67)	(.06)	(.19)	(.11)	(.09)
Total distributions	(.88)	(.29)	(.40)	(.30)	(.27) ^F
Net asset value, end of period	$ 14.22	$ 13.42	$ 12.54	$ 12.77	$ 11.33
Total Return ^A	12.89%	9.47%	1.57%	15.56%	50.42%
Ratios to Average Net Assets ^{C, E}
Expenses before reductions ^D	.00%	.00%	.00%	.00%	.00%
Expenses net of fee waivers, if any	.00%	.00%	.00%	.00%	.00%
Expenses net of all reductions	.00%	.00%	.00%	.00%	.00%
Net investment income (loss)	1.49%	1.83%	1.82%	1.62%	1.86%
Supplemental Data
Net assets, end of period (000 omitted)	$ 897,398	$ 716,715	$ 505,761	$ 321,529	$ 178,232
Portfolio turnover rate ^C	53%	23%	16%	38%	20%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Calculated based on average shares outstanding during the period.

^C Amounts do not include the activity of the Underlying Funds.

^D Amount represents less than .01%.

^F Total distributions of $.27 per share is comprised of distributions from net investment income of $.173 and distributions from net realized gain of $.093 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2035 Fund

Investment Changes (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of March 31, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Domestic Equity Funds
Fidelity Advisor Equity Growth Fund Institutional Class	5.9	7.2
Fidelity Advisor Series Equity-Income Fund	11.4	4.8
Fidelity Advisor Series Growth & Income Fund	7.6	4.7
Fidelity Advisor Series Growth Opportunities Fund	5.3	0.0
Fidelity Advisor Series Opportunistic Insights Fund	4.8	3.7
Fidelity Advisor Series Small Cap Fund	3.0	0.0
Fidelity Advisor Series Stock Selector Large Cap Value Fund	7.5	4.8
Fidelity Series 100 Index Fund	3.1	1.1
Fidelity Series 1000 Value Index Fund	1.3	0.0
Fidelity Series All-Sector Equity Fund	7.8	9.0
Fidelity Series Commodity Strategy Fund	1.0	8.7
Fidelity Series Real Estate Equity Fund	0.8	0.7
Fidelity Series Small Cap Opportunities Fund	3.7	3.2
Fidelity Advisor Large Cap Fund Institutional Class	0.0	3.6
Fidelity Advisor Small Cap Fund Institutional Class	0.0	2.8
Fidelity Series Large Cap Value Fund	0.0	4.8
	63.2	59.1
International Equity Funds
Fidelity Series Emerging Markets Fund	5.7	4.8
Fidelity Series International Growth Fund	9.5	7.8
Fidelity Series International Small Cap Fund	2.1	1.6
Fidelity Series International Value Fund	9.5	7.9
	26.8	22.1
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.7	0.7
Fidelity Series Floating Rate High Income Fund	0.7	0.7
Fidelity Series High Income Fund	6.6	6.9
Fidelity Series Investment Grade Bond Fund	1.5	10.1
Fidelity Series Real Estate Income Fund	0.5	0.4
Fidelity Series Inflation-Protected Bond Index Fund	0.0	0.0*
	10.0	18.8
Net Other Assets (Liabilities)*	0.0	0.0
	100.0	100.0

* Amount represents less than 0.1%

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds**	63.2%
	International Equity Funds	26.8%
	Bond Funds	10.0%

aff4019966

Six months ago
	Domestic Equity Funds**	59.1%
	International Equity Funds	22.1%
	Bond Funds	18.8%

aff4019971

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Annual Report

Fidelity Advisor Freedom 2035 Fund

Investments March 31, 2014

Showing Percentage of Net Assets

Domestic Equity Funds - 63.2%
	Shares		Value
Fidelity Advisor Equity Growth Fund Institutional Class (a)(b)	1,524,543		$ 141,294,616
Fidelity Advisor Series Equity-Income Fund (b)	21,730,910		272,505,609
Fidelity Advisor Series Growth & Income Fund (b)	13,881,591		182,126,478
Fidelity Advisor Series Growth Opportunities Fund (b)	11,775,100		125,758,071
Fidelity Advisor Series Opportunistic Insights Fund (b)	8,240,511		115,284,750
Fidelity Advisor Series Small Cap Fund (b)	6,717,717		70,939,088
Fidelity Advisor Series Stock Selector Large Cap Value Fund (b)	14,204,033		179,823,059
Fidelity Series 100 Index Fund (b)	6,182,085		75,235,973
Fidelity Series 1000 Value Index Fund (b)	2,849,495		30,432,611
Fidelity Series All-Sector Equity Fund (b)	13,106,992		185,070,728
Fidelity Series Commodity Strategy Fund (a)(b)	2,704,934		22,856,693
Fidelity Series Real Estate Equity Fund (b)	1,441,867		18,628,918
Fidelity Series Small Cap Opportunities Fund (b)	6,584,063		89,345,729
TOTAL DOMESTIC EQUITY FUNDS (Cost $1,272,142,080)		1,509,302,323
International Equity Funds - 26.8%

Fidelity Series Emerging Markets Fund (b)	7,889,057		135,297,323
Fidelity Series International Growth Fund (b)	16,065,082		227,481,559

	Shares		Value
Fidelity Series International Small Cap Fund (b)	3,055,991		$ 49,476,492
Fidelity Series International Value Fund (b)	20,340,403		226,185,277
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $538,353,050)		638,440,651
Bond Funds - 10.0%

Fidelity Series Emerging Markets Debt Fund (b)	1,596,271		16,281,964
Fidelity Series Floating Rate High Income Fund (b)	1,679,621		17,568,838
Fidelity Series High Income Fund (b)	14,953,510		158,357,676
Fidelity Series Investment Grade Bond Fund (b)	3,124,949		35,186,927
Fidelity Series Real Estate Income Fund (b)	1,010,732		11,401,057
TOTAL BOND FUNDS (Cost $228,223,240)		238,796,462
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $2,038,718,370)			2,386,539,436
NET OTHER ASSETS (LIABILITIES) - 0.0%			(450,752)
NET ASSETS - 100%		$ 2,386,088,684

Legend

(a) Non-income producing

(b) Affiliated Fund

Affiliated Underlying Funds

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Equity Growth Fund Institutional Class	$ 146,037,675	$ 12,179,944	$ 56,676,014	$ -	$ 141,294,616
Fidelity Advisor Growth & Income Fund Institutional Class	77,536,597	2,512,472	86,810,609	-	-
Fidelity Advisor Large Cap Fund Institutional Class	78,302,498	3,348,667	96,086,314	-	-
Fidelity Advisor Series Equity-Income Fund	101,253,648	172,998,113	18,245,730	2,818,697	272,505,609
Fidelity Advisor Series Growth & Income Fund (formerly Fidelity Advisor Series Mega Cap Fund)	22,423,472	158,314,206	13,708,808	1,025,751	182,126,478
Fidelity Advisor Series Growth Opportunities Fund	-	123,198,969	5,445,988	46,798	125,758,071
Fidelity Advisor Series Opportunistic Insights Fund	71,567,575	34,606,656	10,836,568	-	115,284,750
Fidelity Advisor Series Small Cap Fund	-	70,481,915	3,334,004	52,378	70,939,088
Fidelity Advisor Series Stock Selector Large Cap Value Fund	101,988,948	81,044,624	16,779,630	1,506,611	179,823,059
Fidelity Advisor Small Cap Fund Institutional Class	60,006,024	3,301,305	72,928,093	-	-
Fidelity Series 100 Index Fund	24,100,686	50,989,943	5,317,378	866,703	75,235,973
Fidelity Series 1000 Value Index Fund	-	29,898,373	1,235,146	110,897	30,432,611
Fidelity Series All-Sector Equity Fund	193,432,696	33,148,745	61,979,774	1,569,650	185,070,728
Fidelity Series Commodity Strategy Fund	182,349,768	37,784,551	180,780,983	-	22,856,693
Fidelity Series Emerging Markets Debt Fund	15,061,340	3,635,702	1,476,009	814,344	16,281,964
Fidelity Series Emerging Markets Fund	96,441,362	48,079,784	12,065,205	1,309,643	135,297,323
Fidelity Series Floating Rate High Income Fund	15,821,013	3,725,154	1,718,903	711,946	17,568,838
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Series High Income Fund	$ 143,718,637	$ 30,279,690	$ 17,014,483	$ 8,077,738	$ 158,357,676
Fidelity Series Inflation-Protected Bond Index Fund	-	337,603	335,204	9	-
Fidelity Series International Growth Fund	159,255,463	68,304,288	20,596,213	1,519,242	227,481,559
Fidelity Series International Small Cap Fund	32,344,142	14,807,771	4,158,562	342,963	49,476,492
Fidelity Series International Value Fund	157,641,894	64,143,961	17,336,424	4,450,466	226,185,277
Fidelity Series Investment Grade Bond Fund	200,160,305	47,292,474	206,282,458	3,338,193	35,186,927
Fidelity Series Large Cap Value Fund	109,701,861	64,514,597	157,777,784	1,584,675	-
Fidelity Series Real Estate Equity Fund	16,098,520	4,275,095	1,731,238	250,346	18,628,918
Fidelity Series Real Estate Income Fund	9,212,263	3,421,649	968,738	557,146	11,401,057
Fidelity Series Small Cap Opportunities Fund	69,819,611	26,121,697	14,305,116	18,406	89,345,729
Total	$ 2,084,275,998	$ 1,192,747,948	$ 1,085,931,376	$ 30,972,602	$ 2,386,539,436

Other Information

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2035 Fund

Financial Statements

Statement of Assets and Liabilities

	March 31, 2014

Assets
Investment in securities, at value (cost $2,038,718,370) - See accompanying schedule		$ 2,386,539,436
Cash		8
Receivable for investments sold		3,388,455
Receivable for fund shares sold		2,475,884
Receivable from affiliate for expense reductions		360
Total assets		2,392,404,143

Liabilities
Payable for investments purchased	$ 26
Payable for fund shares redeemed	5,864,344
Distribution and service plan fees payable	451,089
Total liabilities		6,315,459

Net Assets		$ 2,386,088,684
Net Assets consist of:
Paid in capital		$ 2,005,087,597
Undistributed net investment income		1,543,708
Accumulated undistributed net realized gain (loss) on investments		31,636,313
Net unrealized appreciation (depreciation) on investments		347,821,066
Net Assets		$ 2,386,088,684

Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($1,348,499,821 ÷ 99,608,546 shares)		$ 13.54

Maximum offering price per share (100/94.25 of $13.54)		$ 14.37
Class T: Net Asset Value and redemption price per share ($276,112,728 ÷ 20,508,815 shares)		$ 13.46

Maximum offering price per share (100/96.50 of $13.46)		$ 13.95
Class B: Net Asset Value and offering price per share ($14,453,642 ÷ 1,081,103 shares)^A		$ 13.37

Class C: Net Asset Value and offering price per share ($51,930,901 ÷ 3,897,378 shares)^A		$ 13.32

Institutional Class: Net Asset Value, offering price and redemption price per share ($695,091,592 ÷ 51,063,872 shares)		$ 13.61

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

	Year ended March 31, 2014

Investment Income
Income distributions from underlying funds		$ 30,972,602

Expenses
Distribution and service plan fees	$ 5,191,761
Independent trustees' compensation	8,447
Total expenses before reductions	5,200,208
Expense reductions	(8,447)	5,191,761
Net investment income (loss)		25,780,841
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	14,078,194
Capital gain distributions from underlying funds	77,818,329
Total net realized gain (loss)		91,896,523
Change in net unrealized appreciation (depreciation) on underlying funds		181,369,240
Net gain (loss)		273,265,763
Net increase (decrease) in net assets resulting from operations		$ 299,046,604

See accompanying notes which are an integral part of the financial statements.

Annual Report

Statement of Changes in Net Assets

	Year ended March 31, 2014	Year ended March 31, 2013
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 25,780,841	$ 27,744,686
Net realized gain (loss)	91,896,523	116,307,027
Change in net unrealized appreciation (depreciation)	181,369,240	38,369,090
Net increase (decrease) in net assets resulting from operations	299,046,604	182,420,803
Distributions to shareholders from net investment income	(26,415,277)	(27,167,238)
Distributions to shareholders from net realized gain	(132,187,659)	(5,583,432)
Total distributions	(158,602,936)	(32,750,670)
Share transactions - net increase (decrease)	161,766,995	289,056,044
Total increase (decrease) in net assets	302,210,663	438,726,177

Net Assets
Beginning of period	2,083,878,021	1,645,151,844
End of period (including undistributed net investment income of $1,543,708 and undistributed net investment income of $2,178,145, respectively)	$ 2,386,088,684	$ 2,083,878,021

Financial Highlights - Class A

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.74	$ 11.80	$ 12.11	$ 10.65	$ 7.18
Income from Investment Operations
Net investment income (loss)^C	.15	.18	.16	.14	.14
Net realized and unrealized gain (loss)	1.59	.97	(.13)	1.56	3.55
Total from investment operations	1.74	1.15	.03	1.70	3.69
Distributions from net investment income	(.15)	(.18)	(.15)	(.13)	(.14)
Distributions from net realized gain	(.79)	(.04)	(.19)	(.11)	(.08)
Total distributions	(.94)	(.21)^F	(.34)	(.24)	(.22)
Net asset value, end of period	$ 13.54	$ 12.74	$ 11.80	$ 12.11	$ 10.65
Total Return^A,B	14.15%	9.89%	.47%	16.13%	51.59%
Ratios to Average Net Assets^D,E
Expenses before reductions	.25%	.25%	.25%	.25%	.25%
Expenses net of fee waivers, if any	.25%	.25%	.25%	.25%	.25%
Expenses net of all reductions	.25%	.25%	.25%	.25%	.25%
Net investment income (loss)	1.13%	1.54%	1.39%	1.26%	1.51%
Supplemental Data
Net assets, end of period (000 omitted)	$ 1,348,500	$ 1,258,797	$ 1,057,102	$ 906,896	$ 669,450
Portfolio turnover rate ^D	48%	25%	13%	30%	16%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the sales charges.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.21 per share is comprised of distributions from net investment income of $.175 and distributions from net realized gain of $.036 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Class T

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.68	$ 11.74	$ 12.05	$ 10.60	$ 7.15
Income from Investment Operations
Net investment income (loss) ^C	.11	.15	.13	.11	.12
Net realized and unrealized gain (loss)	1.58	.97	(.13)	1.55	3.53
Total from investment operations	1.69	1.12	-	1.66	3.65
Distributions from net investment income	(.12)	(.15)	(.12)	(.11)	(.12)
Distributions from net realized gain	(.79)	(.04)	(.19)	(.11)	(.08)
Total distributions	(.91)	(.18)^G	(.31)	(.21)^F	(.20)
Net asset value, end of period	$ 13.46	$ 12.68	$ 11.74	$ 12.05	$ 10.60
Total Return^A,B	13.81%	9.69%	.19%	15.84%	51.17%
Ratios to Average Net Assets^D,E
Expenses before reductions	.50%	.50%	.50%	.50%	.50%
Expenses net of fee waivers, if any	.50%	.50%	.50%	.50%	.50%
Expenses net of all reductions	.50%	.50%	.50%	.50%	.50%
Net investment income (loss)	.88%	1.29%	1.14%	1.01%	1.26%
Supplemental Data
Net assets, end of period (000 omitted)	$ 276,113	$ 216,701	$ 166,843	$ 169,442	$ 143,106
Portfolio turnover rate ^D	48%	25%	13%	30%	16%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the sales charges.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.21 per share is comprised of distributions from net investment income of $.106 and distributions from net realized gain of $.105 per share.

^G Total distributions of $.18 per share is comprised of distributions from net investment income of $.148 and distributions from net realized gain of $.036 per share.

Financial Highlights - Class B

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.59	$ 11.67	$ 11.96	$ 10.52	$ 7.10
Income from Investment Operations
Net investment income (loss) ^C	.05	.09	.07	.05	.07
Net realized and unrealized gain (loss)	1.57	.95	(.12)	1.55	3.50
Total from investment operations	1.62	1.04	(.05)	1.60	3.57
Distributions from net investment income	(.06)	(.09)	(.07)	(.06)	(.07)
Distributions from net realized gain	(.78)	(.04)	(.17)	(.10)	(.08)
Total distributions	(.84)	(.12)^F	(.24)	(.16)	(.15)
Net asset value, end of period	$ 13.37	$ 12.59	$ 11.67	$ 11.96	$ 10.52
Total Return^A,B	13.32%	9.02%	(.23)%	15.28%	50.43%
Ratios to Average Net Assets^D,E
Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.38%	.79%	.64%	.51%	.76%
Supplemental Data
Net assets, end of period (000 omitted)	$ 14,454	$ 17,884	$ 22,013	$ 28,360	$ 27,408
Portfolio turnover rate ^D	48%	25%	13%	30%	16%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the contingent deferred sales charge.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.12 per share is comprised of distributions from net investment income of $.088 and distributions from net realized gain of $.036 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Class C

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.56	$ 11.65	$ 11.96	$ 10.52	$ 7.11
Income from Investment Operations
Net investment income (loss) ^C	.05	.09	.07	.06	.07
Net realized and unrealized gain (loss)	1.56	.95	(.13)	1.54	3.50
Total from investment operations	1.61	1.04	(.06)	1.60	3.57
Distributions from net investment income	(.07)	(.10)	(.08)	(.06)	(.08)
Distributions from net realized gain	(.78)	(.04)	(.18)	(.10)	(.08)
Total distributions	(.85)	(.13)^G	(.25)^F	(.16)	(.16)
Net asset value, end of period	$ 13.32	$ 12.56	$ 11.65	$ 11.96	$ 10.52
Total Return^A,B	13.27%	9.04%	(.29)%	15.33%	50.28%
Ratios to Average Net Assets^D,E
Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.38%	.79%	.64%	.51%	.76%
Supplemental Data
Net assets, end of period (000 omitted)	$ 51,931	$ 43,447	$ 38,614	$ 36,389	$ 30,994
Portfolio turnover rate ^D	48%	25%	13%	30%	16%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the contingent deferred sales charge.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.25 per share is comprised of distributions from net investment income of $.076 and distributions from net realized gain of $.176 per share.

^G Total distributions of $.13 per share is comprised of distributions from net investment income of $.098 and distributions from net realized gain of $.036 per share.

Financial Highlights - Institutional Class

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.80	$ 11.86	$ 12.17	$ 10.69	$ 7.21
Income from Investment Operations
Net investment income (loss) ^B	.18	.21	.19	.17	.17
Net realized and unrealized gain (loss)	1.60	.97	(.14)	1.57	3.55
Total from investment operations	1.78	1.18	.05	1.74	3.72
Distributions from net investment income	(.18)	(.20)	(.17)	(.16)	(.16)
Distributions from net realized gain	(.79)	(.04)	(.19)	(.11)	(.08)
Total distributions	(.97)	(.24)	(.36)	(.26)^F	(.24)
Net asset value, end of period	$ 13.61	$ 12.80	$ 11.86	$ 12.17	$ 10.69
Total Return^A	14.44%	10.10%	.71%	16.51%	51.81%
Ratios to Average Net Assets^C,E
Expenses before reductions ^D	.00%	.00%	.00%	.00%	.00%
Expenses net of fee waivers, if any	.00%	.00%	.00%	.00%	.00%
Expenses net of all reductions	.00%	.00%	.00%	.00%	.00%
Net investment income (loss)	1.38%	1.79%	1.64%	1.51%	1.76%
Supplemental Data
Net assets, end of period (000 omitted)	$ 695,092	$ 547,049	$ 360,580	$ 218,092	$ 97,629
Portfolio turnover rate ^C	48%	25%	13%	30%	16%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Calculated based on average shares outstanding during the period.

^C Amounts do not include the activity of the Underlying Funds.

^D Amount represents less than .01%.

^F Total distributions of $.26 per share is comprised of distributions from net investment income of $.157 and distributions from net realized gain of $.105 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2040 Fund

Investment Changes (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of March 31, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Domestic Equity Funds
Fidelity Advisor Equity Growth Fund Institutional Class	6.1	7.4
Fidelity Advisor Series Equity-Income Fund	11.4	5.0
Fidelity Advisor Series Growth & Income Fund	7.8	4.8
Fidelity Advisor Series Growth Opportunities Fund	5.3	0.0
Fidelity Advisor Series Opportunistic Insights Fund	4.6	3.8
Fidelity Advisor Series Small Cap Fund	3.0	0.0
Fidelity Advisor Series Stock Selector Large Cap Value Fund	7.5	4.9
Fidelity Series 100 Index Fund	3.1	1.1
Fidelity Series 1000 Value Index Fund	1.3	0.0
Fidelity Series All-Sector Equity Fund	7.7	9.2
Fidelity Series Commodity Strategy Fund	1.0	8.8
Fidelity Series Real Estate Equity Fund	0.8	0.7
Fidelity Series Small Cap Opportunities Fund	3.7	3.3
Fidelity Advisor Large Cap Fund Institutional Class	0.0	3.7
Fidelity Advisor Small Cap Fund Institutional Class	0.0	2.9
Fidelity Series Large Cap Value Fund	0.0	4.9
	63.3	60.5
International Equity Funds
Fidelity Series Emerging Markets Fund	5.7	5.0
Fidelity Series International Growth Fund	9.4	8.0
Fidelity Series International Small Cap Fund	2.1	1.7
Fidelity Series International Value Fund	9.5	8.0
	26.7	22.7
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.7	0.6
Fidelity Series Floating Rate High Income Fund	0.7	0.7
Fidelity Series High Income Fund	6.6	6.8
Fidelity Series Investment Grade Bond Fund	1.5	8.3
Fidelity Series Real Estate Income Fund	0.5	0.4
	10.0	16.8
Net Other Assets (Liabilities)*	0.0	0.0
	100.0	100.0

* Amount represents less than 0.1%

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds**	63.3%
	International Equity Funds	26.7%
	Bond Funds	10.0%

aff4019976

Six months ago
	Domestic Equity Funds**	60.5%
	International Equity Funds	22.7%
	Bond Funds	16.8%

aff4019981

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Annual Report

Fidelity Advisor Freedom 2040 Fund

Investments March 31, 2014

Showing Percentage of Net Assets

Domestic Equity Funds - 63.3%
	Shares		Value
Fidelity Advisor Equity Growth Fund Institutional Class (a)(b)	1,499,370		$ 138,961,629
Fidelity Advisor Series Equity-Income Fund (b)	20,863,697		261,630,767
Fidelity Advisor Series Growth & Income Fund (b)	13,631,526		178,845,619
Fidelity Advisor Series Growth Opportunities Fund (b)	11,409,906		121,857,798
Fidelity Advisor Series Opportunistic Insights Fund (b)	7,565,689		105,843,986
Fidelity Advisor Series Small Cap Fund (b)	6,422,694		67,823,649
Fidelity Advisor Series Stock Selector Large Cap Value Fund (b)	13,644,224		172,735,870
Fidelity Series 100 Index Fund (b)	5,900,634		71,810,712
Fidelity Series 1000 Value Index Fund (b)	2,712,120		28,965,437
Fidelity Series All-Sector Equity Fund (b)	12,487,854		176,328,497
Fidelity Series Commodity Strategy Fund (a)(b)	2,571,818		21,731,866
Fidelity Series Real Estate Equity Fund (b)	1,373,247		17,742,353
Fidelity Series Small Cap Opportunities Fund (b)	6,321,784		85,786,605
TOTAL DOMESTIC EQUITY FUNDS (Cost $1,229,093,999)		1,450,064,788
International Equity Funds - 26.7%

Fidelity Series Emerging Markets Fund (b)	7,579,690		129,991,691
Fidelity Series International Growth Fund (b)	15,290,704		216,516,370

	Shares		Value
Fidelity Series International Small Cap Fund (b)	3,017,277		$ 48,849,717
Fidelity Series International Value Fund (b)	19,589,184		217,831,731
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $513,035,445)		613,189,509
Bond Funds - 10.0%

Fidelity Series Emerging Markets Debt Fund (b)	1,532,383		15,630,303
Fidelity Series Floating Rate High Income Fund (b)	1,463,336		15,306,495
Fidelity Series High Income Fund (b)	14,367,566		152,152,524
Fidelity Series Investment Grade Bond Fund (b)	3,163,329		35,619,081
Fidelity Series Real Estate Income Fund (b)	971,409		10,957,496
TOTAL BOND FUNDS (Cost $220,839,113)		229,665,899
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $1,962,968,557)			2,292,920,196
NET OTHER ASSETS (LIABILITIES) - 0.0%			(464,595)
NET ASSETS - 100%		$ 2,292,455,601

Legend

(a) Non-income producing

(b) Affiliated Fund

Affiliated Underlying Funds

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Equity Growth Fund Institutional Class	$ 143,673,712	$ 10,853,187	$ 54,782,923	$ -	$ 138,961,629
Fidelity Advisor Growth & Income Fund Institutional Class	75,975,139	2,089,336	84,711,075	-	-
Fidelity Advisor Large Cap Fund Institutional Class	76,812,641	2,755,612	93,831,945	-	-
Fidelity Advisor Series Equity-Income Fund	100,676,220	162,708,013	18,002,272	2,753,808	261,630,767
Fidelity Advisor Series Growth & Income Fund (formerly Fidelity Advisor Series Mega Cap Fund)	22,294,860	155,772,879	14,127,035	1,011,034	178,845,619
Fidelity Advisor Series Growth Opportunities Fund	-	120,112,289	6,098,294	46,298	121,857,798
Fidelity Advisor Series Opportunistic Insights Fund	71,158,645	25,722,343	10,680,372	-	105,843,986
Fidelity Advisor Series Small Cap Fund	-	67,713,230	3,504,950	51,553	67,823,649
Fidelity Advisor Series Stock Selector Large Cap Value Fund	101,402,797	75,394,700	17,605,347	1,409,937	172,735,870
Fidelity Advisor Small Cap Fund Institutional Class	59,092,069	2,731,926	71,334,284	-	-
Fidelity Series 100 Index Fund	23,560,024	47,857,675	4,915,388	776,052	71,810,712
Fidelity Series 1000 Value Index Fund	-	28,533,426	1,272,239	108,649	28,965,437
Fidelity Series All-Sector Equity Fund	189,472,856	30,750,019	64,575,680	1,498,496	176,328,497
Fidelity Series Commodity Strategy Fund	180,115,990	34,851,907	176,863,389	-	21,731,866
Fidelity Series Emerging Markets Debt Fund	14,730,822	3,343,589	1,525,103	785,105	15,630,303
Fidelity Series Emerging Markets Fund	94,763,737	44,071,705	11,989,097	1,261,826	129,991,691
Fidelity Series Floating Rate High Income Fund	13,987,354	3,146,768	1,596,688	634,084	15,306,495
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Series High Income Fund	$ 141,548,587	$ 26,316,322	$ 16,966,917	$ 7,823,444	$ 152,152,524
Fidelity Series International Growth Fund	156,546,342	59,637,194	19,741,959	1,463,870	216,516,370
Fidelity Series International Small Cap Fund	31,795,611	14,856,147	4,237,725	330,036	48,849,717
Fidelity Series International Value Fund	154,936,713	60,276,465	18,807,781	4,286,675	217,831,731
Fidelity Series Investment Grade Bond Fund	167,049,065	31,216,696	157,776,843	2,773,347	35,619,081
Fidelity Series Large Cap Value Fund	106,490,192	63,167,719	153,226,005	1,572,181	-
Fidelity Series Real Estate Equity Fund	15,629,519	3,844,073	1,711,554	245,586	17,742,353
Fidelity Series Real Estate Income Fund	8,218,795	3,908,904	949,106	515,617	10,957,496
Fidelity Series Small Cap Opportunities Fund	68,837,714	23,581,168	14,175,507	18,033	85,786,605
Total	$ 2,018,769,404	$ 1,105,213,292	$ 1,025,009,478	$ 29,365,631	$ 2,292,920,196

Other Information

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2040 Fund

Financial Statements

Statement of Assets and Liabilities

	March 31, 2014

Assets
Investment in securities, at value (cost $1,962,968,557) - See accompanying schedule		$ 2,292,920,196
Cash		7
Receivable for investments sold		1,391,301
Receivable for fund shares sold		2,974,232
Receivable from affiliate for expense reductions		310
Total assets		2,297,286,046

Liabilities
Payable for investments purchased	$ 944
Payable for fund shares redeemed	4,364,595
Distribution and service plan fees payable	464,906
Total liabilities		4,830,445

Net Assets		$ 2,292,455,601
Net Assets consist of:
Paid in capital		$1,931,411,119
Undistributed net investment income		1,306,611
Accumulated undistributed net realized gain (loss) on investments		29,786,232
Net unrealized appreciation (depreciation) on investments		329,951,639
Net Assets		$ 2,292,455,601

Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($1,195,640,736 ÷ 82,388,027 shares)		$ 14.51

Maximum offering price per share (100/94.25 of $14.51)		$ 15.40
Class T: Net Asset Value and redemption price per share ($341,607,852 ÷ 23,601,670 shares)		$ 14.47

Maximum offering price per share (100/96.50 of $14.47)		$ 14.99
Class B: Net Asset Value and offering price per share ($18,270,436 ÷ 1,272,081 shares)^A		$ 14.36

Class C: Net Asset Value and offering price per share ($72,247,373 ÷ 5,052,463 shares)^A		$ 14.30

Institutional Class: Net Asset Value, offering price and redemption price per share ($664,689,204 ÷ 45,565,249 shares)		$ 14.59

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

	Year ended March 31, 2014

Investment Income
Income distributions from underlying funds		$ 29,365,631

Expenses
Distribution and service plan fees	$ 5,426,310
Independent trustees' compensation	8,166
Total expenses before reductions	5,434,476
Expense reductions	(8,166)	5,426,310
Net investment income (loss)		23,939,321
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	10,939,552
Capital gain distributions from underlying funds	75,571,354
Total net realized gain (loss)		86,510,906
Change in net unrealized appreciation (depreciation) on underlying funds		183,007,985
Net gain (loss)		269,518,891
Net increase (decrease) in net assets resulting from operations		$ 293,458,212

See accompanying notes which are an integral part of the financial statements.

Annual Report

Statement of Changes in Net Assets

	Year ended March 31, 2014	Year ended March 31, 2013
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 23,939,321	$ 26,992,967
Net realized gain (loss)	86,510,906	90,179,730
Change in net unrealized appreciation (depreciation)	183,007,985	62,667,913
Net increase (decrease) in net assets resulting from operations	293,458,212	179,840,610
Distributions to shareholders from net investment income	(24,578,250)	(26,501,610)
Distributions to shareholders from net realized gain	(126,026,952)	(5,287,230)
Total distributions	(150,605,202)	(31,788,840)
Share transactions - net increase (decrease)	131,257,777	198,765,979
Total increase (decrease) in net assets	274,110,787	346,817,749

Net Assets
Beginning of period	2,018,344,814	1,671,527,065
End of period (including undistributed net investment income of $1,306,611 and undistributed net investment income of $1,945,539, respectively)	$ 2,292,455,601	$ 2,018,344,814

Financial Highlights - Class A

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.61	$ 12.60	$ 12.95	$ 11.37	$ 7.59
Income from Investment Operations
Net investment income (loss)^C	.15	.19	.17	.15	.15
Net realized and unrealized gain (loss)	1.74	1.05	(.15)	1.69	3.87
Total from investment operations	1.89	1.24	.02	1.84	4.02
Distributions from net investment income	(.16)	(.19)	(.16)	(.15)	(.15)
Distributions from net realized gain	(.83)	(.04)	(.21)	(.11)	(.09)
Total distributions	(.99)	(.23)	(.37)	(.26)	(.24)
Net asset value, end of period	$ 14.51	$ 13.61	$ 12.60	$ 12.95	$ 11.37
Total Return^A,B	14.37%	9.94%	.38%	16.38%	53.15%
Ratios to Average Net Assets^D,E
Expenses before reductions	.25%	.25%	.25%	.25%	.25%
Expenses net of fee waivers, if any	.25%	.25%	.25%	.25%	.25%
Expenses net of all reductions	.25%	.25%	.25%	.25%	.25%
Net investment income (loss)	1.10%	1.53%	1.38%	1.25%	1.52%
Supplemental Data
Net assets, end of period (000 omitted)	$ 1,195,641	$ 1,133,722	$ 967,348	$ 865,008	$ 670,673
Portfolio turnover rate ^D	47%	26%	14%	38%	18%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the sales charges.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Class T

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.58	$ 12.57	$ 12.92	$ 11.34	$ 7.57
Income from Investment Operations
Net investment income (loss) ^C	.12	.16	.14	.12	.13
Net realized and unrealized gain (loss)	1.73	1.04	(.16)	1.68	3.86
Total from investment operations	1.85	1.20	(.02)	1.80	3.99
Distributions from net investment income	(.13)	(.16)	(.13)	(.11)	(.13)
Distributions from net realized gain	(.83)	(.04)	(.21)	(.11)	(.09)
Total distributions	(.96)	(.19)^G	(.33) ^F	(.22)	(.22)
Net asset value, end of period	$ 14.47	$ 13.58	$ 12.57	$ 12.92	$ 11.34
Total Return^A,B	14.06%	9.69%	.12%	16.06%	52.83%
Ratios to Average Net Assets^D,E
Expenses before reductions	.50%	.50%	.50%	.50%	.50%
Expenses net of fee waivers, if any	.50%	.50%	.50%	.50%	.50%
Expenses net of all reductions	.50%	.50%	.50%	.50%	.50%
Net investment income (loss)	.85%	1.28%	1.13%	1.00%	1.27%
Supplemental Data
Net assets, end of period (000 omitted)	$ 341,608	$ 288,886	$ 262,944	$ 276,335	$ 300,594
Portfolio turnover rate ^D	47%	26%	14%	38%	18%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the sales charges.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.33 per share is comprised of distributions from net investment income of $.127 and distributions from net realized gain of $.207 per share.

^G Total distributions of $.19 per share is comprised of distributions from net investment income of $.156 and distributions from net realized gain of $.037 per share.

Financial Highlights - Class B

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.48	$ 12.48	$ 12.82	$ 11.26	$ 7.52
Income from Investment Operations
Net investment income (loss) ^C	.05	.10	.08	.06	.08
Net realized and unrealized gain (loss)	1.71	1.03	(.15)	1.66	3.83
Total from investment operations	1.76	1.13	(.07)	1.72	3.91
Distributions from net investment income	(.06)	(.09)	(.07)	(.06)	(.08)
Distributions from net realized gain	(.82)	(.04)	(.20)	(.10)	(.09)
Total distributions	(.88)	(.13)	(.27)	(.16)	(.17)
Net asset value, end of period	$ 14.36	$ 13.48	$ 12.48	$ 12.82	$ 11.26
Total Return^A,B	13.49%	9.14%	(.36)%	15.43%	52.08%
Ratios to Average Net Assets^D,E
Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.35%	.78%	.63%	.50%	.77%
Supplemental Data
Net assets, end of period (000 omitted)	$ 18,270	$ 24,481	$ 31,574	$ 41,935	$ 43,773
Portfolio turnover rate ^D	47%	26%	14%	38%	18%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the contingent deferred sales charge.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Class C

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.43	$ 12.45	$ 12.80	$ 11.25	$ 7.51
Income from Investment Operations
Net investment income (loss) ^C	.05	.10	.08	.06	.08
Net realized and unrealized gain (loss)	1.71	1.02	(.15)	1.66	3.83
Total from investment operations	1.76	1.12	(.07)	1.72	3.91
Distributions from net investment income	(.07)	(.11)	(.08)	(.07)	(.08)
Distributions from net realized gain	(.82)	(.04)	(.20)	(.10)	(.09)
Total distributions	(.89)	(.14)^F	(.28)	(.17)	(.17)
Net asset value, end of period	$ 14.30	$ 13.43	$ 12.45	$ 12.80	$ 11.25
Total Return^A,B	13.57%	9.09%	(.35)%	15.39%	52.18%
Ratios to Average Net Assets^D,E
Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.35%	.78%	.63%	.50%	.77%
Supplemental Data
Net assets, end of period (000 omitted)	$ 72,247	$ 62,893	$ 56,910	$ 58,416	$ 53,334
Portfolio turnover rate ^D	47%	26%	14%	38%	18%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the contingent deferred sales charge.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.14 per share is comprised of distributions from net investment income of $.105 and distributions from net realized gain of $.037 per share.

Financial Highlights - Institutional Class

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.67	$ 12.65	$ 13.00	$ 11.42	$ 7.62
Income from Investment Operations
Net investment income (loss) ^B	.19	.23	.20	.18	.18
Net realized and unrealized gain (loss)	1.75	1.05	(.16)	1.69	3.88
Total from investment operations	1.94	1.28	.04	1.87	4.06
Distributions from net investment income	(.19)	(.22)	(.19)	(.18)	(.17)
Distributions from net realized gain	(.83)	(.04)	(.21)	(.11)	(.09)
Total distributions	(1.02)	(.26)	(.39)^F	(.29)	(.26)
Net asset value, end of period	$ 14.59	$ 13.67	$ 12.65	$ 13.00	$ 11.42
Total Return^A	14.73%	10.24%	.61%	16.57%	53.53%
Ratios to Average Net Assets^C,E
Expenses before reductions ^D	.00%	.00%	.00%	.00%	.00%
Expenses net of fee waivers, if any	.00%	.00%	.00%	.00%	.00%
Expenses net of all reductions	.00%	.00%	.00%	.00%	.00%
Net investment income (loss)	1.35%	1.78%	1.63%	1.50%	1.77%
Supplemental Data
Net assets, end of period (000 omitted)	$ 664,689	$ 508,363	$ 352,751	$ 229,228	$ 126,440
Portfolio turnover rate ^C	47%	26%	14%	38%	18%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Calculated based on average shares outstanding during the period.

^C Amounts do not include the activity of the Underlying Funds.

^D Amount represents less than .01%.

^F Total distributions of $.39 per share is comprised of distributions from net investment income of $.186 and distributions from net realized gain of $.207 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2045 Fund

Investment Changes (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of March 31, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Domestic Equity Funds
Fidelity Advisor Equity Growth Fund Institutional Class	6.1	7.6
Fidelity Advisor Series Equity-Income Fund	11.1	4.9
Fidelity Advisor Series Growth & Income Fund	8.4	4.9
Fidelity Advisor Series Growth Opportunities Fund	5.4	0.0
Fidelity Advisor Series Opportunistic Insights Fund	4.5	3.8
Fidelity Advisor Series Small Cap Fund	3.0	0.0
Fidelity Advisor Series Stock Selector Large Cap Value Fund	7.5	5.0
Fidelity Series 100 Index Fund	3.1	1.2
Fidelity Series 1000 Value Index Fund	1.3	0.0
Fidelity Series All-Sector Equity Fund	7.4	9.5
Fidelity Series Commodity Strategy Fund	0.9	9.1
Fidelity Series Real Estate Equity Fund	0.8	0.7
Fidelity Series Small Cap Opportunities Fund	3.7	3.4
Fidelity Advisor Large Cap Fund Institutional Class	0.0	3.8
Fidelity Advisor Small Cap Fund Institutional Class	0.0	3.0
Fidelity Series Large Cap Value Fund	0.0	5.1
	63.2	62.0
International Equity Funds
Fidelity Series Emerging Markets Fund	5.7	5.2
Fidelity Series International Growth Fund	9.4	8.2
Fidelity Series International Small Cap Fund	2.2	1.7
Fidelity Series International Value Fund	9.5	8.2
	26.8	23.3
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.7	0.6
Fidelity Series Floating Rate High Income Fund	0.3	0.4
Fidelity Series High Income Fund	6.6	8.8
Fidelity Series Investment Grade Bond Fund	1.9	4.6
Fidelity Series Real Estate Income Fund	0.5	0.3
	10.0	14.7
Net Other Assets (Liabilities)*	0.0	0.0
	100.0	100.0

* Amount represents less than 0.1%

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds**	63.2%
	International Equity Funds	26.8%
	Bond Funds	10.0%

aff4019986

Six months ago
	Domestic Equity Funds**	62.0%
	International Equity Funds	23.3%
	Bond Funds	14.7%

aff4019991

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Annual Report

Fidelity Advisor Freedom 2045 Fund

Investments March 31, 2014

Showing Percentage of Net Assets

Domestic Equity Funds - 63.2%
	Shares		Value
Fidelity Advisor Equity Growth Fund Institutional Class (a)(b)	756,244		$ 70,088,664
Fidelity Advisor Series Equity-Income Fund (b)	10,120,856		126,915,534
Fidelity Advisor Series Growth & Income Fund (b)	7,301,377		95,794,060
Fidelity Advisor Series Growth Opportunities Fund (b)	5,791,353		61,851,647
Fidelity Advisor Series Opportunistic Insights Fund (b)	3,661,805		51,228,659
Fidelity Advisor Series Small Cap Fund (b)	3,247,390		34,292,434
Fidelity Advisor Series Stock Selector Large Cap Value Fund (b)	6,743,579		85,373,705
Fidelity Series 100 Index Fund (b)	2,943,778		35,825,775
Fidelity Series 1000 Value Index Fund (b)	1,351,761		14,436,807
Fidelity Series All-Sector Equity Fund (b)	5,957,541		84,120,484
Fidelity Series Commodity Strategy Fund (a)(b)	1,262,939		10,671,834
Fidelity Series Real Estate Equity Fund (b)	726,488		9,386,219
Fidelity Series Small Cap Opportunities Fund (b)	3,125,349		42,410,988
TOTAL DOMESTIC EQUITY FUNDS (Cost $609,246,976)		722,396,810
International Equity Funds - 26.8%

Fidelity Series Emerging Markets Fund (b)	3,764,348		64,558,566
Fidelity Series International Growth Fund (b)	7,613,440		107,806,317

	Shares		Value
Fidelity Series International Small Cap Fund (b)	1,517,183		$ 24,563,196
Fidelity Series International Value Fund (b)	9,770,855		108,651,909
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $259,242,287)		305,579,988
Bond Funds - 10.0%

Fidelity Series Emerging Markets Debt Fund (b)	764,055		7,793,362
Fidelity Series Floating Rate High Income Fund (b)	378,876		3,963,047
Fidelity Series High Income Fund (b)	7,157,166		75,794,389
Fidelity Series Investment Grade Bond Fund (b)	1,897,452		21,365,314
Fidelity Series Real Estate Income Fund (b)	483,749		5,456,690
TOTAL BOND FUNDS (Cost $109,528,392)		114,372,802
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $978,017,655)			1,142,349,600
NET OTHER ASSETS (LIABILITIES) - 0.0%			(197,977)
NET ASSETS - 100%		$ 1,142,151,623

Legend

(a) Non-income producing

(b) Affiliated Fund

Affiliated Underlying Funds

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Equity Growth Fund Institutional Class	$ 66,669,108	$ 10,365,170	$ 25,945,321	$ -	$ 70,088,664
Fidelity Advisor Growth & Income Fund Institutional Class	35,481,306	2,174,951	40,817,196	-	-
Fidelity Advisor Large Cap Fund Institutional Class	35,845,261	3,014,855	45,776,796	-	-
Fidelity Advisor Series Equity-Income Fund	44,779,464	82,111,374	7,658,142	1,279,105	126,915,534
Fidelity Advisor Series Growth & Income Fund (formerly Fidelity Advisor Series Mega Cap Fund)	9,921,685	84,770,098	6,639,713	514,724	95,794,060
Fidelity Advisor Series Growth Opportunities Fund	-	60,780,509	2,812,013	22,915	61,851,647
Fidelity Advisor Series Opportunistic Insights Fund	31,656,678	15,305,969	4,766,501	-	51,228,659
Fidelity Advisor Series Small Cap Fund	-	34,147,413	1,655,058	25,256	34,292,434
Fidelity Advisor Series Stock Selector Large Cap Value Fund	45,101,687	41,107,698	7,115,645	663,397	85,373,705
Fidelity Advisor Small Cap Fund Institutional Class	27,435,072	2,699,812	34,736,157	-	-
Fidelity Series 100 Index Fund	11,099,125	24,616,220	2,470,125	332,485	35,825,775
Fidelity Series 1000 Value Index Fund	-	14,196,104	604,868	53,739	14,436,807
Fidelity Series All-Sector Equity Fund	88,201,459	20,601,320	34,856,308	699,012	84,120,484
Fidelity Series Commodity Strategy Fund	83,502,801	21,490,742	86,517,312	-	10,671,834
Fidelity Series Emerging Markets Debt Fund	6,420,091	2,427,208	654,590	365,663	7,793,362
Fidelity Series Emerging Markets Fund	44,075,777	25,125,509	6,155,216	606,933	64,558,566
Fidelity Series Floating Rate High Income Fund	2,952,479	1,442,615	378,000	150,980	3,963,047
Fidelity Series High Income Fund	82,180,603	22,781,495	29,722,482	4,420,799	75,794,389
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Series International Growth Fund	$ 72,337,325	$ 34,091,621	$ 8,302,553	$ 672,815	$ 107,806,317
Fidelity Series International Small Cap Fund	14,681,753	8,726,427	1,906,941	164,056	24,563,196
Fidelity Series International Value Fund	71,628,283	36,454,796	9,642,954	2,141,800	108,651,909
Fidelity Series Investment Grade Bond Fund	40,856,148	14,057,283	32,363,327	824,606	21,365,314
Fidelity Series Large Cap Value Fund	50,091,676	33,415,278	75,265,232	777,482	-
Fidelity Series Real Estate Equity Fund	7,335,896	2,738,322	707,077	120,785	9,386,219
Fidelity Series Real Estate Income Fund	3,123,821	2,780,798	383,358	227,388	5,456,690
Fidelity Series Small Cap Opportunities Fund	32,003,872	13,220,487	6,422,180	8,985	42,410,988
Total	$ 907,381,370	$ 614,644,074	$ 474,275,065	$ 14,072,925	$ 1,142,349,600

Other Information

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2045 Fund

Financial Statements

Statement of Assets and Liabilities

	March 31, 2014

Assets
Investment in securities, at value (cost $978,017,655) - See accompanying schedule		$ 1,142,349,600
Cash		4
Receivable for investments sold		1,708,852
Receivable for fund shares sold		1,845,797
Receivable from affiliate for expense reductions		241
Total assets		1,145,904,494

Liabilities
Payable for investments purchased	$ 15,718
Payable for fund shares redeemed	3,538,893
Distribution and service plan fees payable	198,260
Total liabilities		3,752,871

Net Assets		$ 1,142,151,623
Net Assets consist of:
Paid in capital		$ 947,000,154
Undistributed net investment income		765,788
Accumulated undistributed net realized gain (loss) on investments		30,053,736
Net unrealized appreciation (depreciation) on investments		164,331,945
Net Assets		$ 1,142,151,623

Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($612,734,565 ÷ 54,167,398 shares)		$ 11.31

Maximum offering price per share (100/94.25 of $11.31)		$ 12.00
Class T: Net Asset Value and redemption price per share ($128,619,204 ÷ 11,423,094 shares)		$ 11.26

Maximum offering price per share (100/96.50 of $11.26)		$ 11.67
Class B: Net Asset Value and offering price per share ($3,564,796 ÷ 317,355 shares)^A		$ 11.23

Class C: Net Asset Value and offering price per share ($18,456,949 ÷ 1,649,960 shares)^A		$ 11.19

Institutional Class: Net Asset Value, offering price and redemption price per share ($378,776,109 ÷ 33,326,954 shares)		$ 11.37

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

	Year ended March 31, 2014

Investment Income
Income distributions from underlying funds		$ 14,072,925

Expenses
Distribution and service plan fees	$ 2,195,251
Independent trustees' compensation	3,841
Total expenses before reductions	2,199,092
Expense reductions	(3,841)	2,195,251
Net investment income (loss)		11,877,674
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	26,921,620
Capital gain distributions from underlying funds	36,504,408
Total net realized gain (loss)		63,426,028
Change in net unrealized appreciation (depreciation) on underlying funds		67,677,843
Net gain (loss)		131,103,871
Net increase (decrease) in net assets resulting from operations		$ 142,981,545

See accompanying notes which are an integral part of the financial statements.

Annual Report

Statement of Changes in Net Assets

	Year ended March 31, 2014	Year ended March 31, 2013
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 11,877,674	$ 12,046,883
Net realized gain (loss)	63,426,028	21,385,492
Change in net unrealized appreciation (depreciation)	67,677,843	48,075,115
Net increase (decrease) in net assets resulting from operations	142,981,545	81,507,490
Distributions to shareholders from net investment income	(12,078,309)	(11,684,331)
Distributions to shareholders from net realized gain	(50,000,600)	(10,873,978)
Total distributions	(62,078,909)	(22,558,309)
Share transactions - net increase (decrease)	154,026,864	205,501,582
Total increase (decrease) in net assets	234,929,500	264,450,763

Net Assets
Beginning of period	907,222,123	642,771,360
End of period (including undistributed net investment income of $765,788 and undistributed net investment income of $966,423, respectively)	$ 1,142,151,623	$ 907,222,123

Financial Highlights - Class A

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 10.46	$ 9.79	$ 10.08	$ 8.82	$ 5.86
Income from Investment Operations
Net investment income (loss) ^C	.12	.16	.13	.12	.12
Net realized and unrealized gain (loss)	1.39	.81	(.14)	1.33	3.02
Total from investment operations	1.51	.97	(.01)	1.45	3.14
Distributions from net investment income	(.12)	(.15)	(.12)	(.11)	(.11)
Distributions from net realized gain	(.54)	(.15)	(.16)	(.08)	(.07)
Total distributions	(.66)	(.30)	(.28)	(.19)	(.18)
Net asset value, end of period	$ 11.31	$ 10.46	$ 9.79	$ 10.08	$ 8.82
Total Return^A,B	14.74%	10.21%	.12%	16.67%	53.81%
Ratios to Average Net Assets^D,E
Expenses before reductions	.25%	.25%	.25%	.25%	.25%
Expenses net of fee waivers, if any	.25%	.25%	.25%	.25%	.25%
Expenses net of all reductions	.25%	.25%	.25%	.25%	.25%
Net investment income (loss)	1.12%	1.59%	1.41%	1.35%	1.53%
Supplemental Data
Net assets, end of period (000 omitted)	$ 612,735	$ 527,525	$ 403,850	$ 320,731	$ 205,405
Portfolio turnover rate ^D	46%	25%	11%	32%	14%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the sales charges.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Class T

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 10.42	$ 9.75	$ 10.04	$ 8.79	$ 5.84
Income from Investment Operations
Net investment income (loss) ^C	.09	.13	.11	.10	.10
Net realized and unrealized gain (loss)	1.39	.82	(.15)	1.32	3.02
Total from investment operations	1.48	.95	(.04)	1.42	3.12
Distributions from net investment income	(.10)	(.12)	(.10)	(.09)	(.10)
Distributions from net realized gain	(.54)	(.15)	(.16)	(.08)	(.07)
Total distributions	(.64)	(.28)^G	(.25)^F	(.17)	(.17)
Net asset value, end of period	$ 11.26	$ 10.42	$ 9.75	$ 10.04	$ 8.79
Total Return^A,B	14.45%	10.02%	(.15)%	16.36%	53.52%
Ratios to Average Net Assets^D,E
Expenses before reductions	.50%	.50%	.50%	.50%	.50%
Expenses net of fee waivers, if any	.50%	.50%	.50%	.50%	.50%
Expenses net of all reductions	.50%	.50%	.50%	.50%	.50%
Net investment income (loss)	.87%	1.34%	1.16%	1.10%	1.28%
Supplemental Data
Net assets, end of period (000 omitted)	$ 128,619	$ 92,998	$ 62,438	$ 60,268	$ 43,326
Portfolio turnover rate ^D	46%	25%	11%	32%	14%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the sales charges.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.25 per share is comprised of distributions from net investment income of $.096 and distributions from net realized gain of $.155 per share.

^G Total distributions of $.28 per share is comprised of distributions from net investment income of $.124 and distributions from net realized gain of $.153 per share.

Financial Highlights - Class B

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 10.39	$ 9.73	$ 10.01	$ 8.77	$ 5.83
Income from Investment Operations
Net investment income (loss) ^C	.04	.08	.06	.05	.06
Net realized and unrealized gain (loss)	1.38	.81	(.14)	1.32	3.01
Total from investment operations	1.42	.89	(.08)	1.37	3.07
Distributions from net investment income	(.05)	(.08)	(.05)	(.05)	(.06)
Distributions from net realized gain	(.53)	(.15)	(.15)	(.08)	(.07)
Total distributions	(.58)	(.23)	(.20)	(.13)	(.13)
Net asset value, end of period	$ 11.23	$ 10.39	$ 9.73	$ 10.01	$ 8.77
Total Return^A,B	13.93%	9.40%	(.62)%	15.71%	52.74%
Ratios to Average Net Assets^D,E
Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.37%	.84%	.66%	.60%	.78%
Supplemental Data
Net assets, end of period (000 omitted)	$ 3,565	$ 3,651	$ 3,786	$ 4,612	$ 4,089
Portfolio turnover rate ^D	46%	25%	11%	32%	14%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the contingent deferred sales charge.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Class C

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 10.36	$ 9.71	$ 10.00	$ 8.76	$ 5.82
Income from Investment Operations
Net investment income (loss) ^C	.04	.08	.06	.05	.06
Net realized and unrealized gain (loss)	1.38	.81	(.14)	1.32	3.01
Total from investment operations	1.42	.89	(.08)	1.37	3.07
Distributions from net investment income	(.06)	(.09)	(.06)	(.06)	(.06)
Distributions from net realized gain	(.53)	(.15)	(.15)	(.08)	(.07)
Total distributions	(.59)	(.24)	(.21)	(.13)^F	(.13)
Net asset value, end of period	$ 11.19	$ 10.36	$ 9.71	$ 10.00	$ 8.76
Total Return^A,B	13.95%	9.42%	(.62)%	15.80%	52.90%
Ratios to Average Net Assets^D,E
Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.37%	.84%	.66%	.60%	.78%
Supplemental Data
Net assets, end of period (000 omitted)	$ 18,457	$ 13,415	$ 9,926	$ 8,753	$ 6,199
Portfolio turnover rate ^D	46%	25%	11%	32%	14%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the contingent deferred sales charge.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.13 per share is comprised of distributions from net investment income of $.057 and distributions from net realized gain of $.076 per share.

Financial Highlights - Institutional Class

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 10.50	$ 9.83	$ 10.11	$ 8.85	$ 5.87
Income from Investment Operations
Net investment income (loss) ^B	.15	.18	.16	.15	.14
Net realized and unrealized gain (loss)	1.41	.81	(.14)	1.32	3.04
Total from investment operations	1.56	.99	.02	1.47	3.18
Distributions from net investment income	(.15)	(.17)	(.14)	(.13)	(.13)
Distributions from net realized gain	(.54)	(.15)	(.16)	(.08)	(.07)
Total distributions	(.69)	(.32)	(.30)	(.21)	(.20)
Net asset value, end of period	$ 11.37	$ 10.50	$ 9.83	$ 10.11	$ 8.85
Total Return^A	15.14%	10.43%	.45%	16.86%	54.35%
Ratios to Average Net Assets^C,E
Expenses before reductions ^D	.00%	.00%	.00%	.00%	.00%
Expenses net of fee waivers, if any	.00%	.00%	.00%	.00%	.00%
Expenses net of all reductions	.00%	.00%	.00%	.00%	.00%
Net investment income (loss)	1.37%	1.84%	1.66%	1.60%	1.78%
Supplemental Data
Net assets, end of period (000 omitted)	$ 378,776	$ 269,633	$ 162,772	$ 83,240	$ 32,842
Portfolio turnover rate ^C	46%	25%	11%	32%	14%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Calculated based on average shares outstanding during the period.

^C Amounts do not include the activity of the Underlying Funds.

^D Amount represents less than .01%.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2050 Fund

Investment Changes (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of March 31, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Domestic Equity Funds
Fidelity Advisor Equity Growth Fund Institutional Class	6.2	7.6
Fidelity Advisor Series Equity-Income Fund	11.1	5.1
Fidelity Advisor Series Growth & Income Fund	8.4	5.0
Fidelity Advisor Series Growth Opportunities Fund	5.4	0.0
Fidelity Advisor Series Opportunistic Insights Fund	4.5	3.9
Fidelity Advisor Series Small Cap Fund	3.0	0.0
Fidelity Advisor Series Stock Selector Large Cap Value Fund	7.5	5.1
Fidelity Series 100 Index Fund	3.1	1.2
Fidelity Series 1000 Value Index Fund	1.3	0.0
Fidelity Series All-Sector Equity Fund	7.3	9.5
Fidelity Series Commodity Strategy Fund	0.9	9.0
Fidelity Series Real Estate Equity Fund	0.8	0.7
Fidelity Series Small Cap Opportunities Fund	3.7	3.4
Fidelity Advisor Large Cap Fund Institutional Class	0.0	3.8
Fidelity Advisor Small Cap Fund Institutional Class	0.0	3.0
Fidelity Series Large Cap Value Fund	0.0	5.1
	63.2	62.4
International Equity Funds
Fidelity Series Emerging Markets Fund	5.7	5.3
Fidelity Series International Growth Fund	9.4	8.3
Fidelity Series International Small Cap Fund	2.2	1.7
Fidelity Series International Value Fund	9.5	8.2
	26.8	23.5
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.7	0.7
Fidelity Series Floating Rate High Income Fund	0.1	0.1
Fidelity Series High Income Fund	6.6	9.1
Fidelity Series Investment Grade Bond Fund	2.1	3.9
Fidelity Series Real Estate Income Fund	0.5	0.3
	10.0	14.1
Net Other Assets (Liabilities)*	0.0	0.0
	100.0	100.0

* Amount represents less than 0.1%

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds**	63.2%
	International Equity Funds	26.8%
	Bond Funds	10.0%

aff4019996

Six months ago
	Domestic Equity Funds**	62.4%
	International Equity Funds	23.5%
	Bond Funds	14.1%

aff4020002

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Annual Report

Fidelity Advisor Freedom 2050 Fund

Investments March 31, 2014

Showing Percentage of Net Assets

Domestic Equity Funds - 63.2%
	Shares		Value
Fidelity Advisor Equity Growth Fund Institutional Class (a)(b)	551,012		$ 51,067,793
Fidelity Advisor Series Equity-Income Fund (b)	7,337,897		92,017,234
Fidelity Advisor Series Growth & Income Fund (b)	5,262,424		69,043,002
Fidelity Advisor Series Growth Opportunities Fund (b)	4,173,312		44,570,967
Fidelity Advisor Series Opportunistic Insights Fund (b)	2,642,520		36,968,854
Fidelity Advisor Series Small Cap Fund (b)	2,354,987		24,868,661
Fidelity Advisor Series Stock Selector Large Cap Value Fund (b)	4,868,427		61,634,290
Fidelity Series 100 Index Fund (b)	2,129,569		25,916,855
Fidelity Series 1000 Value Index Fund (b)	978,594		10,451,384
Fidelity Series All-Sector Equity Fund (b)	4,294,706		60,641,247
Fidelity Series Commodity Strategy Fund (a)(b)	912,090		7,707,162
Fidelity Series Real Estate Equity Fund (b)	523,095		6,758,383
Fidelity Series Small Cap Opportunities Fund (b)	2,258,729		30,650,952
TOTAL DOMESTIC EQUITY FUNDS (Cost $437,267,697)		522,296,784
International Equity Funds - 26.8%

Fidelity Series Emerging Markets Fund (b)	2,726,085		46,752,364
Fidelity Series International Growth Fund (b)	5,497,929		77,850,676

	Shares		Value
Fidelity Series International Small Cap Fund (b)	1,108,622		$ 17,948,594
Fidelity Series International Value Fund (b)	7,056,338		78,466,476
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $185,942,166)		221,018,110
Bond Funds - 10.0%

Fidelity Series Emerging Markets Debt Fund (b)	552,409		5,634,570
Fidelity Series Floating Rate High Income Fund (b)	74,644		780,777
Fidelity Series High Income Fund (b)	5,173,951		54,792,146
Fidelity Series Investment Grade Bond Fund (b)	1,553,109		17,488,007
Fidelity Series Real Estate Income Fund (b)	349,677		3,944,361
TOTAL BOND FUNDS (Cost $79,684,001)		82,639,861
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $702,893,864)			825,954,755
NET OTHER ASSETS (LIABILITIES) - 0.0%			(152,232)
NET ASSETS - 100%		$ 825,802,523

Legend

(a) Non-income producing

(b) Affiliated Fund

Affiliated Underlying Funds

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Equity Growth Fund Institutional Class	$ 49,195,874	$ 7,666,605	$ 19,791,379	$ -	$ 51,067,793
Fidelity Advisor Growth & Income Fund Institutional Class	26,225,977	1,639,698	30,192,915	-	-
Fidelity Advisor Large Cap Fund Institutional Class	26,484,651	2,174,337	33,719,826	-	-
Fidelity Advisor Series Equity-Income Fund	33,840,493	59,240,079	6,816,129	955,249	92,017,234
Fidelity Advisor Series Growth & Income Fund (formerly Fidelity Advisor Series Mega Cap Fund)	7,498,583	61,946,386	6,057,931	377,174	69,043,002
Fidelity Advisor Series Growth Opportunities Fund	-	44,146,520	2,410,919	16,689	44,570,967
Fidelity Advisor Series Opportunistic Insights Fund	23,924,742	10,510,254	4,288,257	-	36,968,854
Fidelity Advisor Series Small Cap Fund	-	24,932,788	1,383,100	18,461	24,868,661
Fidelity Advisor Series Stock Selector Large Cap Value Fund	34,081,404	29,180,551	6,366,718	481,792	61,634,290
Fidelity Advisor Small Cap Fund Institutional Class	20,231,800	2,039,669	25,646,907	-	-
Fidelity Series 100 Index Fund	8,202,815	17,974,279	2,165,852	238,083	25,916,855
Fidelity Series 1000 Value Index Fund	-	10,333,053	496,642	39,017	10,451,384
Fidelity Series All-Sector Equity Fund	65,230,846	14,564,123	26,693,147	508,667	60,641,247
Fidelity Series Commodity Strategy Fund	62,055,569	14,939,403	63,503,733	-	7,707,162
Fidelity Series Emerging Markets Debt Fund	4,719,827	1,804,514	575,480	272,751	5,634,570
Fidelity Series Emerging Markets Fund	32,667,017	17,843,966	4,958,570	443,251	46,752,364
Fidelity Series Floating Rate High Income Fund	496,860	400,761	104,395	29,812	780,777
Fidelity Series High Income Fund	61,428,717	18,129,448	25,178,864	3,293,846	54,792,146
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Series International Growth Fund	$ 53,789,744	$ 24,586,319	$ 7,702,439	$ 509,600	$ 77,850,676
Fidelity Series International Small Cap Fund	10,942,294	6,446,759	1,720,170	118,908	17,948,594
Fidelity Series International Value Fund	53,369,497	25,453,746	7,976,423	1,510,423	78,466,476
Fidelity Series Investment Grade Bond Fund	23,478,771	11,148,679	16,429,803	550,699	17,488,007
Fidelity Series Large Cap Value Fund	37,173,024	24,339,210	55,549,714	565,977	-
Fidelity Series Real Estate Equity Fund	5,424,779	2,027,969	692,041	89,041	6,758,383
Fidelity Series Real Estate Income Fund	2,040,650	2,271,671	326,652	160,677	3,944,361
Fidelity Series Small Cap Opportunities Fund	23,559,633	9,956,241	5,501,195	6,570	30,650,952
Total	$ 666,063,567	$ 445,697,028	$ 356,249,201	$ 10,186,687	$ 825,954,755

Other Information

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2050 Fund

Financial Statements

Statement of Assets and Liabilities

	March 31, 2014

Assets
Investment in securities, at value (cost $702,893,864) - See accompanying schedule		$ 825,954,755
Receivable for investments sold		839,132
Receivable for fund shares sold		1,480,798
Receivable from affiliate for expense reductions		138
Total assets		828,274,823

Liabilities
Payable to custodian bank	$ 2
Payable for investments purchased	4,368
Payable for fund shares redeemed	2,315,524
Distribution and service plan fees payable	152,406
Total liabilities		2,472,300

Net Assets		$ 825,802,523
Net Assets consist of:
Paid in capital		$ 679,503,212
Undistributed net investment income		513,822
Accumulated undistributed net realized gain (loss) on investments		22,724,598
Net unrealized appreciation (depreciation) on investments		123,060,891
Net Assets		$ 825,802,523

Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($401,588,853 ÷ 35,726,645 shares)		$ 11.24

Maximum offering price per share (100/94.25 of $11.24)		$ 11.93
Class T: Net Asset Value and redemption price per share ($115,391,221 ÷ 10,301,653 shares)		$ 11.20

Maximum offering price per share (100/96.50 of $11.20)		$ 11.61
Class B: Net Asset Value and offering price per share ($5,038,330 ÷ 451,995 shares)^A		$ 11.15

Class C: Net Asset Value and offering price per share ($21,189,620 ÷ 1,902,887 shares)^A		$ 11.14

Institutional Class: Net Asset Value, offering price and redemption price per share ($282,594,499 ÷ 25,011,300 shares)		$ 11.30

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

	Year ended March 31, 2014

Investment Income
Income distributions from underlying funds		$ 10,186,687

Expenses
Distribution and service plan fees	$ 1,721,051
Independent trustees' compensation	2,811
Total expenses before reductions	1,723,862
Expense reductions	(2,811)	1,721,051
Net investment income (loss)		8,465,636
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	21,606,531
Capital gain distributions from underlying funds	26,530,156
Total net realized gain (loss)		48,136,687
Change in net unrealized appreciation (depreciation) on underlying funds		48,837,052
Net gain (loss)		96,973,739
Net increase (decrease) in net assets resulting from operations		$ 105,439,375

See accompanying notes which are an integral part of the financial statements.

Annual Report

Statement of Changes in Net Assets

	Year ended March 31, 2014	Year ended March 31, 2013
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 8,465,636	$ 8,705,827
Net realized gain (loss)	48,136,687	15,586,075
Change in net unrealized appreciation (depreciation)	48,837,052	35,894,143
Net increase (decrease) in net assets resulting from operations	105,439,375	60,186,045
Distributions to shareholders from net investment income	(8,609,427)	(8,370,984)
Distributions to shareholders from net realized gain	(37,277,454)	(2,615,729)
Total distributions	(45,886,881)	(10,986,713)
Share transactions - net increase (decrease)	100,312,280	126,263,908
Total increase (decrease) in net assets	159,864,774	175,463,240

Net Assets
Beginning of period	665,937,749	490,474,509
End of period (including undistributed net investment income of $513,822 and undistributed net investment income of $657,613, respectively)	$ 825,802,523	$ 665,937,749

Financial Highlights - Class A

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 10.39	$ 9.61	$ 9.93	$ 8.66	$ 5.67
Income from Investment Operations
Net investment income (loss)^C	.12	.15	.12	.11	.11
Net realized and unrealized gain (loss)	1.40	.82	(.17)	1.34	3.05
Total from investment operations	1.52	.97	(.05)	1.45	3.16
Distributions from net investment income	(.12)	(.14)	(.11)	(.11)	(.10)
Distributions from net realized gain	(.55)	(.05)	(.16)	(.08)	(.07)
Total distributions	(.67)	(.19)	(.27)	(.18)^F	(.17)
Net asset value, end of period	$ 11.24	$ 10.39	$ 9.61	$ 9.93	$ 8.66
Total Return^A,B	14.91%	10.23%	(.22)%	16.99%	55.94%
Ratios to Average Net Assets^D,E
Expenses before reductions	.25%	.25%	.25%	.25%	.25%
Expenses net of fee waivers, if any	.25%	.25%	.25%	.25%	.25%
Expenses net of all reductions	.25%	.25%	.25%	.25%	.25%
Net investment income (loss)	1.10%	1.56%	1.32%	1.23%	1.43%
Supplemental Data
Net assets, end of period (000 omitted)	$ 401,589	$ 352,814	$ 280,478	$ 220,549	$ 137,716
Portfolio turnover rate ^D	47%	28%	12%	36%	15%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the sales charges.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.18 per share is comprised of distributions from net investment income of $.105 and distributions from net realized gain of $.079 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Class T

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 10.36	$ 9.58	$ 9.90	$ 8.64	$ 5.66
Income from Investment Operations
Net investment income (loss) ^C	.09	.13	.10	.09	.09
Net realized and unrealized gain (loss)	1.39	.81	(.17)	1.33	3.05
Total from investment operations	1.48	.94	(.07)	1.42	3.14
Distributions from net investment income	(.10)	(.12)	(.09)	(.09)	(.09)
Distributions from net realized gain	(.55)	(.05)	(.16)	(.08)	(.07)
Total distributions	(.64)^H	(.16)^G	(.25)	(.16)^F	(.16)
Net asset value, end of period	$ 11.20	$ 10.36	$ 9.58	$ 9.90	$ 8.64
Total Return^A,B	14.61%	9.99%	(.48)%	16.66%	55.57%
Ratios to Average Net Assets^D,E
Expenses before reductions	.50%	.50%	.50%	.50%	.50%
Expenses net of fee waivers, if any	.50%	.50%	.50%	.50%	.50%
Expenses net of all reductions	.50%	.50%	.50%	.50%	.50%
Net investment income (loss)	.85%	1.31%	1.07%	.98%	1.18%
Supplemental Data
Net assets, end of period (000 omitted)	$ 115,391	$ 89,196	$ 64,512	$ 61,195	$ 46,449
Portfolio turnover rate ^D	47%	28%	12%	36%	15%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the sales charges.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.16 per share is comprised of distributions from net investment income of $.085 and distributions from net realized gain of $.079 per share.

^G Total distributions of $.16 per share is comprised of distributions from net investment income of $.117 and distributions from net realized gain of $.046 per share.

^H Total distributions of $.64 per share is comprised of distributions from net investment income of $.097 and distributions from net realized gain of $.546 per share.

Financial Highlights - Class B

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 10.31	$ 9.54	$ 9.86	$ 8.60	$ 5.64
Income from Investment Operations
Net investment income (loss) ^C	.04	.08	.05	.04	.05
Net realized and unrealized gain (loss)	1.38	.81	(.17)	1.34	3.03
Total from investment operations	1.42	.89	(.12)	1.38	3.08
Distributions from net investment income	(.05)	(.08)	(.05)	(.05)	(.05)
Distributions from net realized gain	(.54)	(.05)	(.15)	(.07)	(.07)
Total distributions	(.58)^G	(.12)^F	(.20)	(.12)	(.12)
Net asset value, end of period	$ 11.15	$ 10.31	$ 9.54	$ 9.86	$ 8.60
Total Return^A,B	14.06%	9.47%	(1.06)%	16.16%	54.72%
Ratios to Average Net Assets^D,E
Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.35%	.81%	.57%	.48%	.68%
Supplemental Data
Net assets, end of period (000 omitted)	$ 5,038	$ 5,532	$ 5,643	$ 6,704	$ 5,847
Portfolio turnover rate ^D	47%	28%	12%	36%	15%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the contingent deferred sales charge.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.12 per share is comprised of distributions from net investment income of $.077 and distributions from net realized gain of $.046 per share.

^G Total distributions of $.58 per share is comprised of distributions from net investment income of $.047 and distributions from net realized gain of $.536 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Class C

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 10.31	$ 9.54	$ 9.87	$ 8.61	$ 5.63
Income from Investment Operations
Net investment income (loss) ^C	.04	.08	.05	.04	.05
Net realized and unrealized gain (loss)	1.38	.82	(.18)	1.34	3.05
Total from investment operations	1.42	.90	(.13)	1.38	3.10
Distributions from net investment income	(.06)	(.08)	(.05)	(.05)	(.05)
Distributions from net realized gain	(.54)	(.05)	(.15)	(.07)	(.07)
Total distributions	(.59)^F	(.13)	(.20)	(.12)	(.12)
Net asset value, end of period	$ 11.14	$ 10.31	$ 9.54	$ 9.87	$ 8.61
Total Return^A,B	14.06%	9.53%	(1.08)%	16.16%	55.15%
Ratios to Average Net Assets^D,E
Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.35%	.81%	.57%	.48%	.68%
Supplemental Data
Net assets, end of period (000 omitted)	$ 21,190	$ 16,188	$ 13,344	$ 12,014	$ 9,646
Portfolio turnover rate ^D	47%	28%	12%	36%	15%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the contingent deferred sales charge.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.59 per share is comprised of distributions from net investment income of $.056 and distributions from net realized gain of $.536 per share.

Financial Highlights - Institutional Class

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 10.44	$ 9.65	$ 9.97	$ 8.70	$ 5.68
Income from Investment Operations
Net investment income (loss) ^B	.15	.18	.15	.13	.13
Net realized and unrealized gain (loss)	1.40	.82	(.18)	1.34	3.08
Total from investment operations	1.55	1.00	(.03)	1.47	3.21
Distributions from net investment income	(.15)	(.16)	(.13)	(.13)	(.12)
Distributions from net realized gain	(.55)	(.05)	(.16)	(.08)	(.07)
Total distributions	(.69)^G	(.21)	(.29)	(.20)^F	(.19)
Net asset value, end of period	$ 11.30	$ 10.44	$ 9.65	$ 9.97	$ 8.70
Total Return^A	15.20%	10.55%	.02%	17.17%	56.66%
Ratios to Average Net Assets^C,E
Expenses before reductions ^D	.00%	.00%	.00%	.00%	.00%
Expenses net of fee waivers, if any	.00%	.00%	.00%	.00%	.00%
Expenses net of all reductions	.00%	.00%	.00%	.00%	.00%
Net investment income (loss)	1.35%	1.81%	1.57%	1.48%	1.68%
Supplemental Data
Net assets, end of period (000 omitted)	$ 282,594	$ 202,208	$ 126,497	$ 62,785	$ 40,214
Portfolio turnover rate ^C	47%	28%	12%	36%	15%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Calculated based on average shares outstanding during the period.

^C Amounts do not include the activity of the Underlying Funds.

^D Amount represents less than .01%.

^F Total distributions of $.20 per share is comprised of distributions from net investment income of $.125 and distributions from net realized gain of $.078 per share.

^G Total distributions of $.69 per share is comprised of distributions from net investment income of $.147 and distributions from net realized gain of $.546 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2055 Fund

Investment Changes (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of March 31, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Domestic Equity Funds
Fidelity Advisor Equity Growth Fund Institutional Class	5.7	7.9
Fidelity Advisor Series Equity-Income Fund	11.4	5.3
Fidelity Advisor Series Growth & Income Fund	8.4	5.2
Fidelity Advisor Series Growth Opportunities Fund	5.1	0.0
Fidelity Advisor Series Opportunistic Insights Fund	4.9	4.1
Fidelity Advisor Series Small Cap Fund	3.1	0.0
Fidelity Advisor Series Stock Selector Large Cap Value Fund	7.5	5.3
Fidelity Series 100 Index Fund	3.2	1.3
Fidelity Series 1000 Value Index Fund	1.3	0.0
Fidelity Series All-Sector Equity Fund	7.1	9.9
Fidelity Series Commodity Strategy Fund	0.9	9.5
Fidelity Series Real Estate Equity Fund	1.0	0.8
Fidelity Series Small Cap Opportunities Fund	3.7	3.6
Fidelity Advisor Large Cap Fund Institutional Class	0.0	4.0
Fidelity Advisor Small Cap Fund Institutional Class	0.0	3.1
Fidelity Series Large Cap Value Fund	0.0	5.5
	63.3	65.5
International Equity Funds
Fidelity Series Emerging Markets Fund	5.6	5.4
Fidelity Series International Growth Fund	9.5	8.7
Fidelity Series International Small Cap Fund	2.3	1.8
Fidelity Series International Value Fund	9.5	8.6
	26.9	24.5
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.7	0.6
Fidelity Series Floating Rate High Income Fund *	0.0	0.0
Fidelity Series High Income Fund	6.6	9.1
Fidelity Series Investment Grade Bond Fund	2.2	0.1
Fidelity Series Real Estate Income Fund	0.3	0.2
	9.8	10.0
Net Other Assets (Liabilities) *	0.0	0.0
	100.0	100.0

* Amount represents less than 0.1%

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds **	63.3%
	International Equity Funds	26.9%
	Bond Funds	9.8%

aff4020007

Six months ago
	Domestic Equity Funds**	65.5%
	International Equity Funds	24.5%
	Bond Funds	10.0%

aff4020012

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Annual Report

Fidelity Advisor Freedom 2055 Fund

Investments March 31, 2014

Showing Percentage of Net Assets

Domestic Equity Funds - 63.3%
	Shares		Value
Fidelity Advisor Equity Growth Fund Institutional Class (a)(b)	95,818		$ 8,880,395
Fidelity Advisor Series Equity-Income Fund (b)	1,427,043		17,895,119
Fidelity Advisor Series Growth & Income Fund (b)	1,011,064		13,265,158
Fidelity Advisor Series Growth Opportunities Fund (b)	751,547		8,026,517
Fidelity Advisor Series Opportunistic Insights Fund (b)	552,716		7,732,493
Fidelity Advisor Series Small Cap Fund (b)	459,454		4,851,837
Fidelity Advisor Series Stock Selector Large Cap Value Fund (b)	936,121		11,851,287
Fidelity Series 100 Index Fund (b)	411,404		5,006,785
Fidelity Series 1000 Value Index Fund (b)	190,028		2,029,502
Fidelity Series All-Sector Equity Fund (b)	789,795		11,151,907
Fidelity Series Commodity Strategy Fund (a)(b)	173,632		1,467,193
Fidelity Series Real Estate Equity Fund (b)	124,732		1,611,534
Fidelity Series Small Cap Opportunities Fund (b)	433,190		5,878,390
TOTAL DOMESTIC EQUITY FUNDS (Cost $90,932,040)		99,648,117
International Equity Funds - 26.9%

Fidelity Series Emerging Markets Fund (b)	514,722		8,827,477
Fidelity Series International Growth Fund (b)	1,052,128		14,898,127

	Shares		Value
Fidelity Series International Small Cap Fund (b)	220,028		$ 3,562,259
Fidelity Series International Value Fund (b)	1,349,466		15,006,060
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $38,728,279)		42,293,923
Bond Funds - 9.8%

Fidelity Series Emerging Markets Debt Fund (b)	105,324		1,074,301
Fidelity Series Floating Rate High Income Fund (b)	1,541		16,117
Fidelity Series High Income Fund (b)	984,469		10,425,524
Fidelity Series Investment Grade Bond Fund (b)	308,691		3,475,861
Fidelity Series Real Estate Income Fund (b)	37,553		423,596
TOTAL BOND FUNDS (Cost $15,119,372)		15,415,399
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $144,779,691)			157,357,439
NET OTHER ASSETS (LIABILITIES) - 0.0%			(26,143)
NET ASSETS - 100%		$ 157,331,296

Legend

(a) Non-income producing

(b) Affiliated Fund

Affiliated Underlying Funds

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Equity Growth Fund Institutional Class	$ 4,717,573	$ 5,045,565	$ 2,789,204	$ -	$ 8,880,395
Fidelity Advisor Growth & Income Fund Institutional Class	2,595,183	971,502	3,818,648	-	-
Fidelity Advisor Large Cap Fund Institutional Class	2,597,322	1,558,537	4,798,398	-	-
Fidelity Advisor Series Equity-Income Fund	2,664,286	15,141,536	808,989	130,240	17,895,119
Fidelity Advisor Series Growth & Income Fund (formerly Fidelity Advisor Series Mega Cap Fund)	597,982	12,496,932	696,180	60,373	13,265,158
Fidelity Advisor Series Growth Opportunities Fund	-	7,807,695	219,353	2,588	8,026,517
Fidelity Advisor Series Opportunistic Insights Fund	1,895,518	5,370,707	464,629	-	7,732,493
Fidelity Advisor Series Small Cap Fund	-	4,747,884	124,733	2,908	4,851,837
Fidelity Advisor Series Stock Selector Large Cap Value Fund	2,677,427	9,178,962	658,443	74,248	11,851,287
Fidelity Advisor Small Cap Fund Institutional Class	1,939,859	1,335,542	3,707,829	-	-
Fidelity Series 100 Index Fund	873,917	4,049,808	217,843	35,883	5,006,785
Fidelity Series 1000 Value Index Fund	-	1,962,994	44,774	6,523	2,029,502
Fidelity Series All-Sector Equity Fund	6,287,353	7,141,979	3,149,208	80,017	11,151,907
Fidelity Series Commodity Strategy Fund	5,784,182	5,669,442	9,307,025	-	1,467,193
Fidelity Series Emerging Markets Debt Fund	356,627	796,137	52,926	36,434	1,074,301
Fidelity Series Emerging Markets Fund	3,113,335	5,967,475	489,081	65,572	8,827,477
Fidelity Series Floating Rate High Income Fund	1,943	15,386	1,039	393	16,117
Fidelity Series High Income Fund	5,468,666	8,311,036	3,474,784	455,133	10,425,524
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Series International Growth Fund	$ 5,007,955	$ 9,651,096	$ 806,168	$ 80,244	$ 14,898,127
Fidelity Series International Small Cap Fund	1,011,976	2,395,228	178,896	20,810	3,562,259
Fidelity Series International Value Fund	4,963,040	9,816,201	807,650	240,495	15,006,060
Fidelity Series Investment Grade Bond Fund	68,328	3,578,710	183,941	31,134	3,475,861
Fidelity Series Large Cap Value Fund	3,698,707	5,608,444	8,219,945	89,457	-
Fidelity Series Real Estate Equity Fund	544,808	1,128,956	92,828	14,508	1,611,534
Fidelity Series Real Estate Income Fund	134,922	316,097	24,155	14,390	423,596
Fidelity Series Small Cap Opportunities Fund	2,255,121	3,955,933	689,440	1,037	5,878,390
Total	$ 59,256,030	$ 134,019,784	$ 45,826,109	$ 1,442,387	$ 157,357,439

Other Information

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2055 Fund

Financial Statements

Statement of Assets and Liabilities

	March 31, 2014

Assets
Investment in securities, at value (cost $144,779,691) - See accompanying schedule		$ 157,357,439
Receivable for investments sold		16,444
Receivable for fund shares sold		736,554
Receivable from affiliate for expense reductions		88
Total assets		158,110,525

Liabilities
Payable for investments purchased	$ 250,390
Payable for fund shares redeemed	502,578
Distribution and service plan fees payable	26,261
Total liabilities		779,229

Net Assets		$ 157,331,296
Net Assets consist of:
Paid in capital		$ 142,593,135
Undistributed net investment income		94,984
Accumulated undistributed net realized gain (loss) on investments		2,065,429
Net unrealized appreciation (depreciation) on investments		12,577,748
Net Assets		$ 157,331,296

Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($81,217,040 ÷ 6,937,887 shares)		$ 11.71

Maximum offering price per share (100/94.25 of $11.71)		$ 12.42
Class T: Net Asset Value and redemption price per share ($19,133,789 ÷ 1,638,059 shares)		$ 11.68

Maximum offering price per share (100/96.50 of $11.68)		$ 12.10
Class C: Net Asset Value and offering price per share ($2,490,824 ÷ 213,064 shares)^A		$ 11.69

Institutional Class: Net Asset Value, offering price and redemption price per share ($54,489,643 ÷ 4,641,179 shares)		$ 11.74

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

	Year ended March 31, 2014

Investment Income
Income distributions from underlying funds		$ 1,442,387

Expenses
Distribution and service plan fees	$ 223,426
Independent trustees' compensation	374
Total expenses before reductions	223,800
Expense reductions	(374)	223,426
Net investment income (loss)		1,218,961
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	523,476
Capital gain distributions from underlying funds	4,225,946
Total net realized gain (loss)		4,749,422
Change in net unrealized appreciation (depreciation) on underlying funds		9,384,388
Net gain (loss)		14,133,810
Net increase (decrease) in net assets resulting from operations		$ 15,352,771

See accompanying notes which are an integral part of the financial statements.

Annual Report

Statement of Changes in Net Assets

	Year ended March 31, 2014	Year ended March 31, 2013
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 1,218,961	$ 516,037
Net realized gain (loss)	4,749,422	755,707
Change in net unrealized appreciation (depreciation)	9,384,388	3,283,912
Net increase (decrease) in net assets resulting from operations	15,352,771	4,555,656
Distributions to shareholders from net investment income	(1,169,063)	(473,172)
Distributions to shareholders from net realized gain	(3,355,879)	(129,809)
Total distributions	(4,524,942)	(602,981)
Share transactions - net increase (decrease)	87,257,338	47,565,310
Total increase (decrease) in net assets	98,085,167	51,517,985

Net Assets
Beginning of period	59,246,129	7,728,144
End of period (including undistributed net investment income of $94,984 and undistributed net investment income of $45,086, respectively)	$ 157,331,296	$ 59,246,129

Financial Highlights - Class A

Years ended March 31,	2014	2013	2012 ^G
Selected Per-Share Data
Net asset value, beginning of period	$ 10.56	$ 9.75	$ 10.00
Income from Investment Operations
Net investment income (loss) ^E	.12	.18	.11
Net realized and unrealized gain (loss)	1.49	.83	(.11)
Total from investment operations	1.61	1.01	-
Distributions from net investment income	(.11)	(.13)	(.11)
Distributions from net realized gain	(.36)	(.07)	(.15)
Total distributions	(.46) ^J	(.20)	(.25) ^I
Net asset value, end of period	$ 11.71	$ 10.56	$ 9.75
Total Return ^{B, C, D}	15.45%	10.51%	.29%
Ratios to Average Net Assets ^{F, H}
Expenses before reductions	.25%	.25%	.25% ^A
Expenses net of fee waivers, if any	.25%	.25%	.25% ^A
Expenses net of all reductions	.25%	.25%	.25% ^A
Net investment income (loss)	1.11%	1.82%	1.44% ^A
Supplemental Data
Net assets, end of period (000 omitted)	$ 81,217	$ 32,476	$ 2,655
Portfolio turnover rate ^F	43%	29%	18% ^A

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the sales charges.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^G For the period June 1, 2011 (commencement of operations) to March 31, 2012.

^H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the investment companies in which the Fund invests.

^I Total distributions of $.25 per share is comprised of distributions from net investment income of $.105 and distributions from net realized gain of $.146 per share.

^J Total distributions of $.46 per share is comprised of distributions from net investment income of $.106 and distributions from net realized gain of $.355 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Class T

Years ended March 31,	2014	2013	2012 ^G
Selected Per-Share Data
Net asset value, beginning of period	$ 10.55	$ 9.75	$ 10.00
Income from Investment Operations
Net investment income (loss) ^E	.10	.16	.09
Net realized and unrealized gain (loss)	1.47	.82	(.10)
Total from investment operations	1.57	.98	(.01)
Distributions from net investment income	(.09)	(.11)	(.09)
Distributions from net realized gain	(.36)	(.07)	(.15)
Total distributions	(.44) ^I	(.18)	(.24)
Net asset value, end of period	$ 11.68	$ 10.55	$ 9.75
Total Return ^{B, C, D}	15.07%	10.24%	.12%
Ratios to Average Net Assets ^{F, H}
Expenses before reductions	.50%	.50%	.50% ^A
Expenses net of fee waivers, if any	.50%	.50%	.50% ^A
Expenses net of all reductions	.50%	.50%	.50% ^A
Net investment income (loss)	.86%	1.57%	1.19% ^A
Supplemental Data
Net assets, end of period (000 omitted)	$ 19,134	$ 7,239	$ 1,444
Portfolio turnover rate ^F	43%	29%	18% ^A

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the sales charges.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^G For the period June 1, 2011 (commencement of operations) to March 31, 2012.

^I Total distributions of $.44 per share is comprised of distributions from net investment income of $.086 and distributions from net realized gain of $.355 per share.

Financial Highlights - Class C

Years ended March 31,	2014	2013	2012 ^G
Selected Per-Share Data
Net asset value, beginning of period	$ 10.57	$ 9.74	$ 10.00
Income from Investment Operations
Net investment income (loss) ^E	.04	.10	.05
Net realized and unrealized gain (loss)	1.47	.83	(.10)
Total from investment operations	1.51	.93	(.05)
Distributions from net investment income	(.05)	(.03)	(.06)
Distributions from net realized gain	(.35)	(.07)	(.15)
Total distributions	(.39) ^I	(.10)	(.21)
Net asset value, end of period	$ 11.69	$ 10.57	$ 9.74
Total Return ^{B, C, D}	14.46%	9.69%	(.27)%
Ratios to Average Net Assets ^{F, H}
Expenses before reductions	1.00%	1.00%	1.00% ^A
Expenses net of fee waivers, if any	1.00%	1.00%	1.00% ^A
Expenses net of all reductions	1.00%	1.00%	1.00% ^A
Net investment income (loss)	.36%	1.07%	.69% ^A
Supplemental Data
Net assets, end of period (000 omitted)	$ 2,491	$ 1,094	$ 1,127
Portfolio turnover rate ^F	43%	29%	18% ^A

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the contingent deferred sales charge.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^G For the period June 1, 2011 (commencement of operations) to March 31, 2012.

^I Total distributions of $.39 per share is comprised of distributions from net investment income of $.048 and distributions from net realized gain of $.345 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Institutional Class

Years ended March 31,	2014	2013	2012 ^G
Selected Per-Share Data
Net asset value, beginning of period	$ 10.59	$ 9.76	$ 10.00
Income from Investment Operations
Net investment income (loss) ^D	.15	.21	.13
Net realized and unrealized gain (loss)	1.48	.83	(.11)
Total from investment operations	1.63	1.04	.02
Distributions from net investment income	(.13)	(.14)	(.12)
Distributions from net realized gain	(.36)	(.07)	(.15)
Total distributions	(.48) ^J	(.21)	(.26) ^I
Net asset value, end of period	$ 11.74	$ 10.59	$ 9.76
Total Return ^{B, C}	15.61%	10.84%	.51%
Ratios to Average Net Assets ^{E, H}
Expenses before reductions ^F	.00%	.00%	.00% ^A
Expenses net of fee waivers, if any	.00%	.00%	.00% ^A
Expenses net of all reductions	.00%	.00%	.00% ^A
Net investment income (loss)	1.36%	2.07%	1.69% ^A
Supplemental Data
Net assets, end of period (000 omitted)	$ 54,490	$ 18,438	$ 2,503
Portfolio turnover rate ^E	43%	29%	18% ^A

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^E Amounts do not include the activity of the Underlying Funds.

^F Amount represents less than .01%.

^G For the period June 1, 2011 (commencement of operations) to March 31, 2012.

^I Total distributions of $.26 per share is comprised of distributions from net investment income of $.116 and distributions from net realized gain of $.146 per share.

^J Total distributions of $.48 per share is comprised of distributions from net investment income of $.127 and distributions from net realized gain of $.355 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Notes to Financial Statements

For the period ended March 31, 2014

1. Organization.

Fidelity Advisor Freedom Income Fund, Fidelity Advisor Freedom 2005 Fund, Fidelity Advisor Freedom 2010 Fund, Fidelity Advisor Freedom 2015 Fund, Fidelity Advisor Freedom 2020 Fund, Fidelity Advisor Freedom 2025 Fund, Fidelity Advisor Freedom 2030 Fund, Fidelity Advisor Freedom 2035 Fund, Fidelity Advisor Freedom 2040 Fund, Fidelity Advisor Freedom 2045 Fund, Fidelity Advisor Freedom 2050 Fund and Fidelity Advisor Freedom 2055 (the Funds) are funds of Fidelity Aberdeen Street Trust (the Trust). The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Delaware statutory trust. Each Fund is authorized to issue an unlimited number of shares. The Funds invest primarily in a combination of other Fidelity equity, bond, and short-term funds (the Underlying Funds) managed by Fidelity Management & Research Company (FMR).

Each Fund offers Class A, Class T, Class C, and Institutional Class shares, each of which, along with Class B shares, has equal rights as to assets and voting privileges. Effective after the close of business on September 1, 2010, Class B shares were closed to new accounts and additional purchases, except for exchanges and reinvestments. Each class has exclusive voting rights with respect to matters that affect that class. Class B shares will automatically convert to Class A shares after a holding period of seven years from the initial date of purchase.

2. Significant Accounting Policies.

The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Funds:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Each Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value each Fund's investments by major category are as follows. Investments in the Underlying Funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Investment Transactions and Income. For financial reporting purposes, the Funds' investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Income and capital gain distributions from the Underlying Funds, if any, are recorded on the ex-dividend date.

Class Allocations and Expenses. Investment income, realized and unrealized capital gains and losses, common expenses of each Fund, and certain fund-level expense reductions, if any, are allocated daily on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of each Fund. Each class differs with respect to distribution and service plan fees incurred. Certain expense reductions may also differ by class. For the reporting period, the allocated portion of income and expenses to each class as a percent of its average net assets may vary due to the timing of recording these transactions in relation to fluctuating net assets of the classes. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expenses included in the accompanying financial statements reflect the expenses of each Fund and do not include any expenses associated with the Underlying Funds. Although not included in each Fund's expenses, each Fund indirectly bears its proportionate share of the Underlying Funds' expenses through the impact of these expenses on each Underlying Fund's NAV. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. As of March 31, 2014, each Fund did not have any unrecognized tax benefits in the financial statements; nor is each Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. Each Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.

Annual Report

2. Significant Accounting Policies - continued

Income Tax Information and Distributions to Shareholders - continued

Distributions are declared and recorded on the ex-dividend date. Income dividends and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to the short-term gain distributions from the Underlying Funds and losses deferred due to wash sales.

The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows for each Fund:

	Tax cost	Gross unrealized appreciation	Gross unrealized depreciation	Net unrealized appreciation (depreciation) on securities and other investments
Advisor Freedom Income	$ 273,472,304	$ 17,984,557	$ (1,203,201)	$ 16,781,356
Advisor Freedom 2005	271,942,847	23,824,421	(1,165,964)	22,658,457
Advisor Freedom 2010	780,164,124	84,021,308	(4,342,578)	79,678,730
Advisor Freedom 2015	1,688,846,755	210,137,580	(8,793,974)	201,343,606
Advisor Freedom 2020	3,029,180,449	380,762,379	(20,013,115)	360,749,264
Advisor Freedom 2025	2,850,331,291	415,095,746	(15,592,963)	399,502,783
Advisor Freedom 2030	2,806,754,218	437,657,908	(6,093,744)	431,564,164
Advisor Freedom 2035	2,041,169,527	349,182,835	(3,812,926)	345,369,909
Advisor Freedom 2040	1,965,339,418	331,308,663	(3,727,885)	327,580,778
Advisor Freedom 2045	979,594,916	164,769,390	(2,014,706)	162,754,684
Advisor Freedom 2050	704,111,147	123,486,941	(1,643,333)	121,843,608
Advisor Freedom 2055	144,875,900	12,703,169	(221,630)	12,481,539

The tax-based components of distributable earnings as of period end were as follows for each Fund:

	Undistributed ordinary income	Undistributed long-term capital gain	Net unrealized appreciation (depreciation)
Advisor Freedom Income	$ 588,439	$ 4,509,417	$ 16,781,356
Advisor Freedom 2005	1,178,665	3,778,896	22,658,457
Advisor Freedom 2010	3,558,546	13,115,871	79,678,730
Advisor Freedom 2015	7,185,151	32,543,917	201,343,606
Advisor Freedom 2020	10,683,907	49,873,206	360,749,264
Advisor Freedom 2025	10,166,591	48,065,293	399,502,783
Advisor Freedom 2030	6,711,392	35,391,213	431,564,164
Advisor Freedom 2035	3,732,787	31,898,391	345,369,909
Advisor Freedom 2040	4,341,858	29,121,846	327,580,778
Advisor Freedom 2045	2,448,411	29,948,375	162,754,684
Advisor Freedom 2050	1,816,262	22,639,441	121,843,608
Advisor Freedom 2055	237,703	2,018,921	12,481,539

Annual Report

Notes to Financial Statements - continued

2. Significant Accounting Policies - continued

Income Tax Information and Distributions to Shareholders - continued

The tax character of distributions paid was as follows:

March 31, 2014
	Ordinary Income	Long-term Capital Gains	Total
Advisor Freedom Income	$ 5,477,302	$ 5,822,554	$ 11,299,856
Advisor Freedom 2005	6,110,862	4,640,048	10,750,910
Advisor Freedom 2010	20,888,700	17,590,764	38,479,464
Advisor Freedom 2015	46,628,978	50,615,076	97,244,054
Advisor Freedom 2020	83,459,191	92,532,796	175,991,987
Advisor Freedom 2025	83,535,739	107,472,852	191,008,591
Advisor Freedom 2030	90,111,149	98,991,029	189,102,178
Advisor Freedom 2035	67,580,156	91,022,780	158,602,936
Advisor Freedom 2040	63,483,756	87,121,446	150,605,202
Advisor Freedom 2045	29,992,159	32,086,750	62,078,909
Advisor Freedom 2050	21,768,582	24,118,299	45,886,881
Advisor Freedom 2055	3,373,590	1,151,352	4,524,942
March 31, 2013
	Ordinary Income	Long-term Capital Gains	Total
Advisor Freedom Income	$ 5,414,666	$ 1,914,942	$ 7,329,608
Advisor Freedom 2005	5,136,657	-	5,136,657
Advisor Freedom 2010	18,067,071	-	18,067,071
Advisor Freedom 2015	38,253,485	-	38,253,485
Advisor Freedom 2020	62,726,354	-	62,726,354
Advisor Freedom 2025	53,196,385	-	53,196,385
Advisor Freedom 2030	53,839,930	-	53,839,930
Advisor Freedom 2035	32,750,670	-	32,750,670
Advisor Freedom 2040	31,788,840	-	31,788,840
Advisor Freedom 2045	13,679,345	8,878,964	22,558,309
Advisor Freedom 2050	9,440,533	1,546,180	10,986,713
Advisor Freedom 2055	507,335	95,646	602,981

3. Purchases and Redemptions of Underlying Fund Shares.

Purchases and redemptions of the Underlying Fund shares and in-kind transactions are noted in the table below.

	Purchases ($)	Redemptions ($)
Advisor Freedom Income	110,509,515	151,567,737
Advisor Freedom 2005	148,186,659	173,196,772
Advisor Freedom 2010	348,234,361	437,392,945
Advisor Freedom 2015	714,475,216	880,329,776
Advisor Freedom 2020	1,333,645,638	1,410,087,965
Advisor Freedom 2025	1,390,936,523	1,269,494,795
Advisor Freedom 2030	1,692,685,499	1,641,265,374
Advisor Freedom 2035	1,192,747,948	1,085,931,376
Advisor Freedom 2040	1,105,213,292	1,025,009,478
Advisor Freedom 2045	614,644,074	474,275,065
Advisor Freedom 2050	445,697,028	356,249,201
Advisor Freedom 2055	134,019,784	45,826,109

4. Fees and Other Transactions with Affiliates.

Management Fee. Strategic Advisers, Inc. (the investment adviser), an affiliate of FMR, provides the Funds with investment management related services. The Funds do not pay any fees for these services.

Annual Report

4. Fees and Other Transactions with Affiliates - continued

Other Transactions. The investment adviser has entered into an administration agreement with FMR under which FMR provides management and administrative services (other than investment advisory services) necessary for the operation of each Fund. Pursuant to this agreement, FMR pays all expenses of each Fund, excluding the distribution and service fees, the compensation of the independent Trustees and certain other expenses such as interest expense. FMR also contracts with other Fidelity companies to perform the services necessary for the operation of each Fund. The Funds do not pay any fees for these services.

Distribution and Service Plan Fees. In accordance with Rule 12b-1 of the 1940 Act, the Fund has adopted separate Distribution and Service Plans for each class of shares, except for the Institutional Class. Certain classes pay Fidelity Distributors Corporation (FDC), an affiliate of the investment adviser, separate Distribution and Service Fees, each of which is based on an annual percentage of each class' average net assets. In addition, FDC may pay financial intermediaries for selling shares of the Fund and providing shareholder support services. For the period, the Distribution and Service Fee rates, total fees and amounts retained by FDC were as follows:

Advisor Freedom Income	Distribution Fee	Service Fee	Total Fees	Retained by FDC
Class A	-%	.25%	$ 411,081	$ 17,600
Class T	.25%	.25%	260,333	605
Class B	.75%	.25%	19,512	14,917
Class C	.75%	.25%	160,227	21,088
			$ 851,153	$ 54,210
Advisor Freedom 2005
Class A	-%	.25%	$ 486,370	$ 50,064
Class T	.25%	.25%	142,834	274
Class B	.75%	.25%	11,432	8,644
Class C	.75%	.25%	89,355	7,517
			$ 729,991	$ 66,499
Advisor Freedom 2010
Class A	-%	.25%	$ 1,306,630	$ 119,231
Class T	.25%	.25%	642,541	5,572
Class B	.75%	.25%	50,296	38,259
Class C	.75%	.25%	375,479	29,316
			$ 2,374,946	$ 192,378
Advisor Freedom 2015
Class A	-%	.25%	$ 2,852,486	$ 242,558
Class T	.25%	.25%	1,143,706	4,608
Class B	.75%	.25%	145,496	109,696
Class C	.75%	.25%	733,938	82,620
			$ 4,875,626	$ 493,482
Advisor Freedom 2020
Class A	-%	.25%	$ 4,838,060	$ 400,052
Class T	.25%	.25%	2,263,839	3,354
Class B	.75%	.25%	280,529	212,663
Class C	.75%	.25%	1,070,976	119,710
			$ 8,453,404	$ 735,779
Advisor Freedom 2025
Class A	-%	.25%	$ 4,668,339	$ 453,058
Class T	.25%	.25%	1,795,218	1,897
Class B	.75%	.25%	201,805	152,720
Class C	.75%	.25%	816,338	101,623
			$ 7,481,700	$ 709,298
Advisor Freedom 2030
Class A	-%	.25%	$ 4,446,177	$ 355,830
Class T	.25%	.25%	2,107,866	907
Class B	.75%	.25%	241,199	182,957
Class C	.75%	.25%	806,573	97,813
			$ 7,601,815	$ 637,507

Annual Report

Notes to Financial Statements - continued

4. Fees and Other Transactions with Affiliates - continued

Distribution and Service Plan Fees - continued

Advisor Freedom 2035	Distribution Fee	Service Fee	Total Fees	Retained by FDC
Class A	-%	.25%	$ 3,303,549	$ 291,185
Class T	.25%	.25%	1,240,867	235
Class B	.75%	.25%	162,173	122,775
Class C	.75%	.25%	485,172	61,185
			$ 5,191,761	$ 475,380
Advisor Freedom 2040
Class A	-%	.25%	$ 2,966,869	$ 214,631
Class T	.25%	.25%	1,574,773	5,726
Class B	.75%	.25%	210,815	159,630
Class C	.75%	.25%	673,853	76,469
			$ 5,426,310	$ 456,456
Advisor Freedom 2045
Class A	-%	.25%	$ 1,439,795	$ 124,462
Class T	.25%	.25%	559,889	-
Class B	.75%	.25%	36,233	27,325
Class C	.75%	.25%	159,334	33,316
			$ 2,195,251	$ 185,103
Advisor Freedom 2050
Class A	-%	.25%	$ 959,769	$ 52,468
Class T	.25%	.25%	519,165	-
Class B	.75%	.25%	54,183	40,733
Class C	.75%	.25%	187,934	30,843
			$ 1,721,051	$ 124,044
Advisor Freedom 2055
Class A	-%	.25%	$ 141,577	$ 13,490
Class T	.25%	.25%	64,941	-
Class C	.75%	.25%	16,908	9,926
			$ 223,426	$ 23,416

Sales Load. FDC may receive a front-end sales charge of up to 5.75% for selling Class A shares and 3.50% for selling Class T shares, some of which is paid to financial intermediaries for selling shares of the Fund. Depending on the holding period, FDC may receive contingent deferred sales charges levied on Class A, Class T, Class B, and Class C redemptions. The deferred sales charges range from 5.00% to 1.00% for Class B shares, 1.00% for Class C shares, 1.00% for certain purchases of Class A shares and .25% for certain purchases of Class T shares.

For the period, sales charge amounts retained by FDC were as follows:

Advisor Freedom Income	Retained by FDC
Class A	$ 8,876
Class T	2,378
Class B*	5,260
Class C*	2,266
	$ 18,780
Advisor Freedom 2005
Class A	$ 4,169
Class T	1,008
Class B*	514
Class C*	350
	$ 6,041
Advisor Freedom 2010
Class A	$ 14,676
Class T	6,739
Class B*	6,896
Class C*	2,672
	$ 30,983

Annual Report

4. Fees and Other Transactions with Affiliates - continued

Sales Load - continued

Advisor Freedom 2015	Retained by FDC
Class A	$ 36,442
Class T	15,460
Class B*	9,407
Class C*	4,023
	$ 65,332
Advisor Freedom 2020
Class A	$ 87,581
Class T	37,238
Class B*	23,902
Class C*	9,422
	$ 158,143
Advisor Freedom 2025
Class A	$ 169,702
Class T	39,977
Class B*	19,120
Class C*	8,558
	$ 237,357
Advisor Freedom 2030
Class A	$ 85,166
Class T	39,549
Class B*	13,021
Class C*	11,061
	$ 148,797
Advisor Freedom 2035
Class A	$ 62,340
Class T	36,446
Class B*	7,998
Class C*	8,335
	$ 115,119
Advisor Freedom 2040
Class A	$ 83,127
Class T	39,019
Class B*	17,214
Class C*	9,948
	$ 149,308
Advisor Freedom 2045
Class A	$ 35,303
Class T	18,653
Class B*	3,171
Class C*	4,978
	$ 62,105
Advisor Freedom 2050
Class A	$ 32,502
Class T	12,639
Class B*	5,631
Class C*	5,659
	$ 56,431
Advisor Freedom 2055
Class A	$ 11,286
Class T	7,346
Class C*	466
	$ 19,098

* When Class B and Class C shares are initially sold, FDC pays commissions from its own resources to financial intermediaries through which the sales are made.

Annual Report

Notes to Financial Statements - continued

4. Fees and Other Transactions with Affiliates - continued

Reallocation of Underlying Fund Investments. During the period, the investment adviser reallocated investments of the Funds. This involved taxable redemptions of the Funds' interest in Fidelity Advisor Equity Growth Fund Institutional Class, Fidelity Advisor Growth & Income Fund Institutional Class, Fidelity Advisor Large Cap Fund Institutional Class, Fidelity Advisor Small Cap Fund Institutional Class, Fidelity Series All-Sector Equity Fund, Fidelity Series Large Cap Value Fund ("selected Underlying Funds") for investments, including accrued interest, and non-taxable exchanges of those investments for shares of Fidelity Advisor Series Equity-Income Fund, Fidelity Series 1000 Value Index Fund, Fidelity Advisor Series Small Cap Fund, Fidelity Series Large Cap Value Fund, Fidelity Advisor Series Growth Opportunities Fund and Fidelity Advisor Series Growth & Income Fund all of which are affiliated investment companies managed by FMR. Realized gains and losses on the redemptions of the selected Underlying Funds in connection with the reallocation are included in the accompanying Statements of Operations as "Realized gain (loss) on sale of underlying fund shares."

Details of these transactions with the related gain (loss) for the Funds are presented in the accompanying table:

	Value of Investments, including accrued interest, reallocated	Realized Gain (Loss) on redemptions of selected Underlying Funds
Advisor Freedom Income	$ 15,623,622	$ 4,478,952
Advisor Freedom 2005	24,289,541	5,021,212
Advisor Freedom 2010	102,067,968	17,460,023
Advisor Freedom 2015	231,296,554	39,005,204
Advisor Freedom 2020	429,704,080	70,205,011
Advisor Freedom 2025	489,340,391	67,376,784
Advisor Freedom 2030	517,397,965	72,571,695
Advisor Freedom 2035	431,841,119	54,288,535
Advisor Freedom 2040	427,611,864	49,969,582
Advisor Freedom 2045	210,601,404	43,255,758
Advisor Freedom 2050	153,808,872	32,952,426
Advisor Freedom 2055	23,353,309	1,318,830

5. Expense Reductions.

FMR voluntarily agreed to reimburse the funds to the extent annual operating expenses exceeded certain levels of average net assets as noted in the table below. Some expenses, for example interest expense, are excluded from this reimbursement.

The following classes of each applicable Fund were in reimbursement during the period:

	Expense Limitations	Reimbursement
Advisor Freedom Income
Class A	.25%	$ 632
Class T	.50%	200
Class B	1.00%	7
Class C	1.00%	61
Institutional Class	.00%	288
Advisor Freedom 2005
Class A	.25%	742
Class T	.50%	109
Class B	1.00%	4
Class C	1.00%	34
Institutional Class	.00%	266
Advisor Freedom 2010
Class A	.25%	1,995
Class T	.50%	490
Class B	1.00%	19
Class C	1.00%	143
Institutional Class	.00%	763

Annual Report

5. Expense Reductions - continued

	Expense Limitations	Reimbursement
Advisor Freedom 2015
Class A	.25%	$ 4,352
Class T	.50%	872
Class B	1.00%	55
Class C	1.00%	280
Institutional Class	.00%	1,810
Advisor Freedom 2020
Class A	.25%	7,338
Class T	.50%	1,717
Class B	1.00%	106
Class C	1.00%	407
Institutional Class	.00%	3,096
Advisor Freedom 2025
Class A	.25%	7,036
Class T	.50%	1,353
Class B	1.00%	76
Class C	1.00%	308
Institutional Class	.00%	2,878
Advisor Freedom 2030
Class A	.25%	6,710
Class T	.50%	1,591
Class B	1.00%	91
Class C	1.00%	305
Institutional Class	.00%	2,979
Advisor Freedom 2035
Class A	.25%	4,969
Class T	.50%	933
Class B	1.00%	61
Class C	1.00%	182
Institutional Class	.00%	2,302
Advisor Freedom 2040
Class A	.25%	4,465
Class T	.50%	1,186
Class B	1.00%	79
Class C	1.00%	254
Institutional Class	.00%	2,182
Advisor Freedom 2045
Class A	.25%	2,150
Class T	.50%	418
Class B	1.00%	13
Class C	1.00%	59
Institutional Class	.00%	1,201
Advisor Freedom 2050
Class A	.25%	1,436
Class T	.50%	388
Class B	1.00%	20
Class C	1.00%	70
Institutional Class	.00%	897

Annual Report

Notes to Financial Statements - continued

5. Expense Reductions - continued

	Expense Limitations	Reimbursement
Advisor Freedom 2055
Class A	.25%	$ 200
Class T	.50%	46
Class C	1.00%	6
Institutional Class	.00%	122

6. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

Years ended March 31,	2014	2013
Advisor Freedom Income
From net investment income
Class A	$ 1,766,405	$ 1,869,112
Class T	429,308	433,735
Class B	5,610	9,453
Class C	53,835	61,486
Institutional Class	983,323	900,709
Total	$ 3,238,481	$ 3,274,495
From net realized gain
Class A	$ 4,306,389	$ 2,240,481
Class T	1,357,064	669,554
Class B	51,287	32,437
Class C	416,779	210,904
Institutional Class	1,929,856	901,737
Total	$ 8,061,375	$ 4,055,113
Advisor Freedom 2005
From net investment income
Class A	$ 1,934,390	$ 2,280,196
Class T	244,035	219,973
Class B	3,650	4,601
Class C	32,429	31,434
Institutional Class	835,850	820,798
Total	$ 3,050,354	$ 3,357,002
From net realized gain
Class A	$ 4,953,300	$ 1,208,263
Class T	765,045	146,502
Class B	29,817	8,377
Class C	234,996	47,485
Institutional Class	1,717,398	369,028
Total	$ 7,700,556	$ 1,779,655
Advisor Freedom 2010
From net investment income
Class A	$ 5,617,013	$ 7,248,480
Class T	1,081,956	1,357,322
Class B	11,082	35,114
Class C	138,094	221,866
Institutional Class	2,663,216	2,901,048
Total	$ 9,511,361	$ 11,763,830

Annual Report

6. Distributions to Shareholders - continued

Years ended March 31,	2014	2013
Advisor Freedom 2010
From net realized gain
Class A	$ 16,966,458	$ 3,797,581
Class T	4,171,832	877,542
Class B	159,058	49,505
Class C	1,212,875	264,617
Institutional Class	6,457,880	1,313,996
Total	$ 28,968,103	$ 6,303,241
Advisor Freedom 2015
From net investment income
Class A	$ 12,813,208	$ 15,443,272
Class T	2,012,565	2,370,199
Class B	47,108	95,446
Class C	333,834	437,291
Institutional Class	6,573,771	6,470,240
Total	$ 21,780,486	$ 24,816,448
From net realized gain
Class A	$ 44,722,592	$ 8,264,610
Class T	8,884,016	1,548,591
Class B	568,951	133,932
Class C	2,861,846	514,113
Institutional Class	18,426,163	2,975,791
Total	$ 75,463,568	$ 13,437,037
Advisor Freedom 2020
From net investment income
Class A	$ 22,719,462	$ 26,237,034
Class T	4,214,567	4,698,779
Class B	101,181	207,668
Class C	534,801	650,444
Institutional Class	11,465,857	10,832,707
Total	$ 39,035,868	$ 42,626,632
From net realized gain
Class A	$ 80,113,960	$ 12,221,481
Class T	18,426,540	2,642,164
Class B	1,172,886	229,820
Class C	4,359,115	642,700
Institutional Class	32,883,618	4,363,557
Total	$ 136,956,119	$ 20,099,722
Advisor Freedom 2025
From net investment income
Class A	$ 22,477,566	$ 24,790,567
Class T	3,528,131	3,595,303
Class B	84,463	163,792
Class C	457,022	561,745
Institutional Class	11,073,746	9,737,534
Total	$ 37,620,928	$ 38,848,941
From net realized gain
Class A	$ 93,759,806	$ 9,143,726
Class T	17,601,291	1,563,144
Class B	1,050,076	130,245
Class C	4,011,074	386,200
Institutional Class	36,965,416	3,124,129
Total	$ 153,387,663	$ 14,347,444

Annual Report

Notes to Financial Statements - continued

6. Distributions to Shareholders - continued

Years ended March 31,	2014	2013
Advisor Freedom 2030
From net investment income
Class A	$ 22,820,261	$ 24,782,410
Class T	4,478,364	4,552,485
Class B	122,601	210,414
Class C	511,433	585,019
Institutional Class	12,079,384	10,634,898
Total	$ 40,012,043	$ 40,765,226
From net realized gain
Class A	$ 86,607,833	$ 7,915,192
Class T	20,188,786	1,715,030
Class B	1,192,790	137,323
Class C	3,878,775	342,181
Institutional Class	37,221,951	2,964,978
Total	$ 149,090,135	$ 13,074,704
Advisor Freedom 2035
From net investment income
Class A	$ 15,154,993	$ 16,875,467
Class T	2,367,982	2,349,822
Class B	70,000	135,304
Class C	268,078	332,280
Institutional Class	8,554,224	7,474,365
Total	$ 26,415,277	$ 27,167,238
From net realized gain
Class A	$ 78,751,944	$ 3,487,770
Class T	14,374,167	574,019
Class B	1,007,862	55,352
Class C	2,858,485	122,062
Institutional Class	35,195,201	1,344,229
Total	$ 132,187,659	$ 5,583,432
Advisor Freedom 2040
From net investment income
Class A	$ 13,352,673	$ 15,416,805
Class T	2,834,561	3,246,224
Class B	78,732	187,384
Class C	342,692	477,964
Institutional Class	7,969,592	7,173,233
Total	$ 24,578,250	$ 26,501,610
From net realized gain
Class A	$ 69,904,502	$ 3,045,286
Class T	18,244,340	769,855
Class B	1,302,421	73,757
Class C	3,941,198	168,492
Institutional Class	32,634,491	1,229,840
Total	$ 126,026,952	$ 5,287,230
Advisor Freedom 2045
From net investment income
Class A	$ 6,527,056	$ 6,957,403
Class T	1,043,078	988,121
Class B	16,381	27,566
Class C	85,939	101,775
Institutional Class	4,405,855	3,609,466
Total	$ 12,078,309	$ 11,684,331

Annual Report

6. Distributions to Shareholders - continued

Years ended March 31,	2014	2013
Advisor Freedom 2045
From net realized gain
Class A	$ 28,311,703	$ 6,744,595
Class T	5,432,484	1,044,959
Class B	177,930	57,582
Class C	768,912	162,607
Institutional Class	15,309,571	2,864,235
Total	$ 50,000,600	$ 10,873,978
Advisor Freedom 2050
From net investment income
Class A	$ 4,293,626	$ 4,634,192
Class T	948,674	923,527
Class B	22,749	42,092
Class C	101,098	123,643
Institutional Class	3,243,280	2,647,530
Total	$ 8,609,427	$ 8,370,984
From net realized gain
Class A	$ 19,244,490	$ 1,465,892
Class T	5,189,025	345,032
Class B	268,767	25,867
Class C	927,947	67,326
Institutional Class	11,647,225	711,612
Total	$ 37,277,454	$ 2,615,729
Advisor Freedom 2055
From net investment income
Class A	$ 616,684	$ 273,976
Class T	116,529	55,233
Class C	8,049	2,070
Institutional Class	427,801	141,893
Total	$ 1,169,063	$ 473,172
From net realized gain
Class A	$ 1,825,764	$ 68,154
Class T	413,891	17,814
Class C	51,905	6,257
Institutional Class	1,064,319	37,584
Total	$ 3,355,879	$ 129,809

7. Share Transactions.

Transactions for each class of shares were as follows:

	Shares		Dollars
Years ended March 31,	2014	2013	2014	2013
Advisor Freedom Income
Class A
Shares sold	4,084,387	5,667,328	$ 45,396,706	$ 62,675,823
Reinvestment of distributions	539,600	368,047	5,992,117	4,049,319
Shares redeemed	(7,206,233)	(5,438,505)	(80,024,311)	(60,152,423)
Net increase (decrease)	(2,582,246)	596,870	$ (28,635,488)	$ 6,572,719
Class T
Shares sold	2,344,429	1,752,672	$ 26,072,453	$ 19,341,827
Reinvestment of distributions	157,567	97,192	1,748,382	1,067,874
Shares redeemed	(2,562,031)	(2,181,141)	(28,429,859)	(24,078,105)
Net increase (decrease)	(60,035)	(331,277)	$ (609,024)	$ (3,668,404)

Annual Report

Notes to Financial Statements - continued

7. Share Transactions - continued

	Shares		Dollars
Years ended March 31,	2014	2013	2014	2013
Advisor Freedom Income
Class B
Shares sold	2,503	13,728	$ 27,616	$ 151,709
Reinvestment of distributions	4,670	3,419	51,823	37,528
Shares redeemed	(61,802)	(75,727)	(686,727)	(836,079)
Net increase (decrease)	(54,629)	(58,580)	$ (607,288)	$ (646,842)
Class C
Shares sold	255,147	326,072	$ 2,828,803	$ 3,593,856
Reinvestment of distributions	35,486	19,976	393,433	219,246
Shares redeemed	(367,267)	(428,327)	(4,069,265)	(4,730,145)
Net increase (decrease)	(76,634)	(82,279)	$ (847,029)	$ (917,043)
Institutional Class
Shares sold	2,849,137	3,768,736	$ 31,746,378	$ 41,751,702
Reinvestment of distributions	261,319	161,577	2,907,972	1,781,582
Shares redeemed	(3,644,830)	(2,467,458)	(40,617,188)	(27,262,092)
Net increase (decrease)	(534,374)	1,462,855	$ (5,962,838)	$ 16,271,192
Advisor Freedom 2005
Class A
Shares sold	4,655,166	5,950,479	$ 55,830,174	$ 69,001,688
Reinvestment of distributions	562,432	296,966	6,741,672	3,414,979
Shares redeemed	(7,016,437)	(6,013,562)	(84,207,322)	(69,615,909)
Net increase (decrease)	(1,798,839)	233,883	$ (21,635,476)	$ 2,800,758
Class T
Shares sold	1,406,394	1,289,243	$ 16,873,346	$ 14,935,857
Reinvestment of distributions	82,906	30,601	993,902	352,432
Shares redeemed	(1,232,550)	(1,066,736)	(14,759,346)	(12,303,077)
Net increase (decrease)	256,750	253,108	$ 3,107,902	$ 2,985,212
Class B
Shares sold	14,599	652	$ 174,760	$ 7,549
Reinvestment of distributions	2,727	1,083	32,819	12,534
Shares redeemed	(27,943)	(41,276)	(335,271)	(481,200)
Net increase (decrease)	(10,617)	(39,541)	$ (127,692)	$ (461,117)
Class C
Shares sold	187,567	173,944	$ 2,241,261	$ 2,021,586
Reinvestment of distributions	20,209	6,077	242,068	70,003
Shares redeemed	(157,344)	(201,333)	(1,891,449)	(2,316,273)
Net increase (decrease)	50,432	(21,312)	$ 591,880	$ (224,684)
Institutional Class
Shares sold	2,751,622	3,014,914	$ 33,153,579	$ 35,073,813
Reinvestment of distributions	209,954	102,306	2,529,659	1,182,672
Shares redeemed	(3,334,415)	(1,314,929)	(40,249,329)	(15,314,119)
Net increase (decrease)	(372,839)	1,802,291	$ (4,566,091)	$ 20,942,366
Advisor Freedom 2010
Class A
Shares sold	10,336,177	12,708,869	$ 130,803,213	$ 153,017,064
Reinvestment of distributions	1,764,561	915,288	22,358,331	10,935,441
Shares redeemed	(16,430,945)	(16,811,351)	(208,087,550)	(202,005,316)
Net increase (decrease)	(4,330,207)	(3,187,194)	$ (54,926,006)	$ (38,052,811)
Class T
Shares sold	3,281,268	3,712,396	$ 41,296,464	$ 44,524,286
Reinvestment of distributions	410,639	183,018	5,188,315	2,182,056
Shares redeemed	(4,197,400)	(4,809,687)	(52,884,945)	(57,632,993)
Net increase (decrease)	(505,493)	(914,273)	$ (6,400,166)	$ (10,926,651)

Annual Report

7. Share Transactions - continued

	Shares		Dollars
Years ended March 31,	2014	2013	2014	2013
Advisor Freedom 2010
Class B
Shares sold	4,359	9,563	$ 54,665	$ 115,968
Reinvestment of distributions	12,614	6,587	159,920	78,910
Shares redeemed	(231,730)	(268,639)	(2,924,345)	(3,216,272)
Net increase (decrease)	(214,757)	(252,489)	$ (2,709,760)	$ (3,021,394)
Class C
Shares sold	447,126	499,095	$ 5,605,749	$ 5,991,309
Reinvestment of distributions	98,158	36,663	1,234,594	435,812
Shares redeemed	(794,639)	(681,672)	(9,965,133)	(8,150,135)
Net increase (decrease)	(249,355)	(145,914)	$ (3,124,790)	$ (1,723,014)
Institutional Class
Shares sold	6,363,961	7,292,808	$ 80,690,745	$ 88,270,797
Reinvestment of distributions	717,236	351,077	9,117,775	4,208,551
Shares redeemed	(8,035,471)	(5,034,949)	(102,232,872)	(60,844,334)
Net increase (decrease)	(954,274)	2,608,936	$ (12,424,352)	$ 31,635,014
Advisor Freedom 2015
Class A
Shares sold	22,489,270	28,506,295	$ 283,126,217	$ 342,099,746
Reinvestment of distributions	4,519,282	1,974,621	56,944,636	23,498,680
Shares redeemed	(37,248,204)	(28,730,020)	(469,301,306)	(344,939,129)
Net increase (decrease)	(10,239,652)	1,750,896	$ (129,230,453)	$ 20,659,297
Class T
Shares sold	6,303,601	7,048,273	$ 79,104,026	$ 84,377,992
Reinvestment of distributions	847,786	321,618	10,675,072	3,825,959
Shares redeemed	(7,736,690)	(7,173,479)	(97,285,238)	(85,670,361)
Net increase (decrease)	(585,303)	196,412	$ (7,506,140)	$ 2,533,590
Class B
Shares sold	34,014	18,918	$ 427,275	$ 230,299
Reinvestment of distributions	45,663	17,784	574,653	211,983
Shares redeemed	(526,603)	(631,455)	(6,609,199)	(7,538,504)
Net increase (decrease)	(446,926)	(594,753)	$ (5,607,271)	$ (7,096,222)
Class C
Shares sold	1,198,350	1,112,764	$ 14,962,978	$ 13,243,553
Reinvestment of distributions	236,720	73,853	2,966,039	876,636
Shares redeemed	(1,330,512)	(1,330,728)	(16,641,623)	(15,851,708)
Net increase (decrease)	104,558	(144,111)	$ 1,287,394	$ (1,731,519)
Institutional Class
Shares sold	15,218,153	16,268,843	$ 192,651,271	$ 196,562,251
Reinvestment of distributions	1,957,749	782,959	24,850,867	9,370,557
Shares redeemed	(16,707,286)	(8,997,016)	(211,582,062)	(108,722,993)
Net increase (decrease)	468,616	8,054,786	$ 5,920,076	$ 97,209,815
Advisor Freedom 2020
Class A
Shares sold	37,875,371	44,416,958	$ 499,708,170	$ 555,194,594
Reinvestment of distributions	7,715,244	3,073,389	101,833,461	38,099,250
Shares redeemed	(53,499,262)	(39,485,922)	(706,085,629)	(494,297,897)
Net increase (decrease)	(7,908,647)	8,004,425	$ (104,543,998)	$ 98,995,947
Class T
Shares sold	11,814,695	12,011,989	$ 155,626,547	$ 150,203,034
Reinvestment of distributions	1,686,654	579,475	22,276,384	7,192,079
Shares redeemed	(12,049,762)	(10,936,020)	(159,248,035)	(136,699,168)
Net increase (decrease)	1,451,587	1,655,444	$ 18,654,896	$ 20,695,945

Annual Report

Notes to Financial Statements - continued

7. Share Transactions - continued

	Shares		Dollars
Years ended March 31,	2014	2013	2014	2013
Advisor Freedom 2020
Class B
Shares sold	30,377	23,018	$ 402,320	$ 283,038
Reinvestment of distributions	90,003	32,154	1,186,806	399,675
Shares redeemed	(879,412)	(1,019,496)	(11,576,323)	(12,664,560)
Net increase (decrease)	(759,032)	(964,324)	$ (9,987,197)	$ (11,981,847)
Class C
Shares sold	1,846,934	1,650,086	$ 24,173,360	$ 20,539,871
Reinvestment of distributions	344,681	95,759	4,527,030	1,184,544
Shares redeemed	(1,682,149)	(1,789,596)	(22,026,418)	(22,192,952)
Net increase (decrease)	509,466	(43,751)	$ 6,673,972	$ (468,537)
Institutional Class
Shares sold	24,830,823	25,904,119	$ 329,988,794	$ 326,561,698
Reinvestment of distributions	3,330,002	1,214,162	44,259,859	15,144,940
Shares redeemed	(23,073,768)	(12,665,795)	(307,011,358)	(158,809,529)
Net increase (decrease)	5,087,057	14,452,486	$ 67,237,295	$ 182,897,109
Advisor Freedom 2025
Class A
Shares sold	42,336,074	46,832,812	$ 544,836,932	$ 564,656,133
Reinvestment of distributions	8,980,977	2,817,136	115,368,644	33,682,400
Shares redeemed	(50,182,999)	(36,915,729)	(647,564,921)	(445,620,144)
Net increase (decrease)	1,134,052	12,734,219	$ 12,640,655	$ 152,718,389
Class T
Shares sold	11,279,406	10,475,315	$ 145,595,680	$ 126,787,508
Reinvestment of distributions	1,611,890	421,842	20,769,490	5,059,334
Shares redeemed	(9,292,943)	(7,029,069)	(120,291,981)	(84,713,362)
Net increase (decrease)	3,598,353	3,868,088	$ 46,073,189	$ 47,133,480
Class B
Shares sold	18,435	33,837	$ 237,832	$ 402,830
Reinvestment of distributions	83,763	22,745	1,068,884	271,803
Shares redeemed	(590,150)	(700,042)	(7,554,066)	(8,354,336)
Net increase (decrease)	(487,952)	(643,460)	$ (6,247,350)	$ (7,679,703)
Class C
Shares sold	1,737,317	1,362,294	$ 22,105,326	$ 16,242,141
Reinvestment of distributions	332,872	75,516	4,237,083	897,881
Shares redeemed	(1,198,006)	(1,133,462)	(15,248,728)	(13,531,664)
Net increase (decrease)	872,183	304,348	$ 11,093,681	$ 3,608,358
Institutional Class
Shares sold	25,761,490	24,213,764	$ 334,359,446	$ 294,374,445
Reinvestment of distributions	3,699,489	1,063,922	47,917,135	12,801,944
Shares redeemed	(20,040,038)	(10,933,983)	(260,861,013)	(132,325,157)
Net increase (decrease)	9,420,941	14,343,703	$ 121,415,568	$ 174,851,232
Advisor Freedom 2030
Class A
Shares sold	35,163,430	41,613,890	$ 479,754,505	$ 525,837,935
Reinvestment of distributions	7,936,793	2,585,181	108,270,707	32,378,742
Shares redeemed	(48,268,332)	(34,146,152)	(659,744,933)	(432,000,548)
Net increase (decrease)	(5,168,109)	10,052,919	$ (71,719,721)	$ 126,216,129
Class T
Shares sold	11,453,954	11,109,856	$ 155,598,895	$ 139,954,510
Reinvestment of distributions	1,780,942	492,157	24,245,358	6,152,559
Shares redeemed	(10,098,141)	(9,495,122)	(137,447,373)	(119,272,485)
Net increase (decrease)	3,136,755	2,106,891	$ 42,396,880	$ 26,834,584

Annual Report

7. Share Transactions - continued

	Shares		Dollars
Years ended March 31,	2014	2013	2014	2013
Advisor Freedom 2030
Class B
Shares sold	19,423	20,379	$ 262,817	$ 253,313
Reinvestment of distributions	91,135	25,911	1,235,310	324,148
Shares redeemed	(640,819)	(766,318)	(8,680,850)	(9,575,940)
Net increase (decrease)	(530,261)	(720,028)	$ (7,182,723)	$ (8,998,479)
Class C
Shares sold	1,567,826	1,523,134	$ 21,161,811	$ 19,092,460
Reinvestment of distributions	306,706	69,617	4,146,937	867,428
Shares redeemed	(1,293,656)	(1,266,642)	(17,444,366)	(15,862,398)
Net increase (decrease)	580,876	326,109	$ 7,864,382	$ 4,097,490
Institutional Class
Shares sold	25,486,532	22,913,292	$ 349,828,449	$ 291,232,690
Reinvestment of distributions	3,591,064	1,079,513	49,271,553	13,569,835
Shares redeemed	(19,352,622)	(10,947,359)	(265,575,217)	(138,321,010)
Net increase (decrease)	9,724,974	13,045,446	$ 133,524,785	$ 166,481,515
Advisor Freedom 2035
Class A
Shares sold	30,839,841	34,835,056	$ 401,061,956	$ 415,484,819
Reinvestment of distributions	7,206,612	1,706,155	93,096,733	20,199,297
Shares redeemed	(37,264,321)	(27,311,897)	(486,151,077)	(326,166,700)
Net increase (decrease)	782,132	9,229,314	$ 8,007,612	$ 109,517,416
Class T
Shares sold	9,103,150	8,091,085	$ 117,542,744	$ 96,019,491
Reinvestment of distributions	1,282,500	243,254	16,509,548	2,870,268
Shares redeemed	(6,972,585)	(5,444,520)	(90,278,682)	(64,446,129)
Net increase (decrease)	3,413,065	2,889,819	$ 43,773,610	$ 34,443,630
Class B
Shares sold	17,251	11,260	$ 221,872	$ 131,688
Reinvestment of distributions	80,993	15,412	1,030,251	181,095
Shares redeemed	(437,598)	(493,168)	(5,620,878)	(5,777,414)
Net increase (decrease)	(339,354)	(466,496)	$ (4,368,755)	$ (5,464,631)
Class C
Shares sold	1,025,354	873,123	$ 13,080,890	$ 10,285,137
Reinvestment of distributions	235,491	36,956	2,998,763	433,119
Shares redeemed	(822,478)	(766,094)	(10,571,839)	(8,970,033)
Net increase (decrease)	438,367	143,985	$ 5,507,814	$ 1,748,223
Institutional Class
Shares sold	22,169,723	19,774,112	$ 290,282,504	$ 237,955,566
Reinvestment of distributions	3,355,907	738,822	43,645,383	8,780,433
Shares redeemed	(17,193,773)	(8,196,096)	(225,081,173)	(97,924,593)
Net increase (decrease)	8,331,857	12,316,838	$ 108,846,714	$ 148,811,406
Advisor Freedom 2040
Class A
Shares sold	26,414,040	28,004,111	$ 366,925,342	$ 355,673,696
Reinvestment of distributions	5,965,581	1,447,450	82,476,062	18,293,644
Shares redeemed	(33,301,232)	(22,935,436)	(464,565,679)	(292,260,264)
Net increase (decrease)	(921,611)	6,516,125	$ (15,164,275)	$ 81,707,076
Class T
Shares sold	8,535,793	7,602,047	$ 118,572,330	$ 96,328,995
Reinvestment of distributions	1,506,248	312,761	20,796,167	3,950,120
Shares redeemed	(7,718,886)	(7,559,551)	(107,319,576)	(95,678,684)
Net increase (decrease)	2,323,155	355,257	$ 32,048,921	$ 4,600,431

Annual Report

Notes to Financial Statements - continued

7. Share Transactions - continued

	Shares		Dollars
Years ended March 31,	2014	2013	2014	2013
Advisor Freedom 2040
Class B
Shares sold	9,646	6,103	$ 131,453	$ 76,395
Reinvestment of distributions	96,072	19,509	1,308,927	245,030
Shares redeemed	(650,407)	(739,626)	(8,923,151)	(9,293,767)
Net increase (decrease)	(544,689)	(714,014)	$ (7,482,771)	$ (8,972,342)
Class C
Shares sold	1,054,739	962,998	$ 14,462,997	$ 12,120,904
Reinvestment of distributions	300,354	49,059	4,094,533	614,213
Shares redeemed	(985,080)	(901,869)	(13,520,722)	(11,261,526)
Net increase (decrease)	370,013	110,188	$ 5,036,808	$ 1,473,591
Institutional Class
Shares sold	19,251,431	16,906,391	$ 269,819,548	$ 216,610,718
Reinvestment of distributions	2,915,076	660,482	40,584,686	8,377,157
Shares redeemed	(13,782,709)	(8,263,973)	(193,585,140)	(105,030,652)
Net increase (decrease)	8,383,798	9,302,900	$ 116,819,094	$ 119,957,223
Advisor Freedom 2045
Class A
Shares sold	21,813,137	22,348,428	$ 237,123,868	$ 218,037,471
Reinvestment of distributions	3,161,418	1,428,096	34,584,656	13,620,503
Shares redeemed	(21,252,864)	(14,594,828)	(231,331,936)	(143,000,136)
Net increase (decrease)	3,721,691	9,181,696	$ 40,376,588	$ 88,657,838
Class T
Shares sold	5,854,847	5,253,099	$ 63,282,990	$ 51,047,511
Reinvestment of distributions	592,260	213,016	6,461,727	2,024,121
Shares redeemed	(3,953,073)	(2,939,816)	(42,870,592)	(28,557,658)
Net increase (decrease)	2,494,034	2,526,299	$ 26,874,125	$ 24,513,974
Class B
Shares sold	8,016	3,515	$ 88,545	$ 31,735
Reinvestment of distributions	17,385	8,787	188,888	82,887
Shares redeemed	(59,379)	(49,903)	(641,697)	(482,094)
Net increase (decrease)	(33,978)	(37,601)	$ (364,264)	$ (367,472)
Class C
Shares sold	622,113	518,274	$ 6,663,065	$ 5,021,009
Reinvestment of distributions	78,062	27,552	846,436	259,896
Shares redeemed	(345,364)	(272,934)	(3,720,315)	(2,637,588)
Net increase (decrease)	354,811	272,892	$ 3,789,186	$ 2,643,317
Institutional Class
Shares sold	16,898,017	13,436,841	$ 184,576,521	$ 132,476,916
Reinvestment of distributions	1,791,522	671,239	19,712,009	6,432,276
Shares redeemed	(11,037,062)	(4,998,582)	(120,937,301)	(48,855,267)
Net increase (decrease)	7,652,477	9,109,498	$ 83,351,229	$ 90,053,925
Advisor Freedom 2050
Class A
Shares sold	15,559,859	15,759,974	$ 168,186,336	$ 152,322,278
Reinvestment of distributions	2,139,053	630,390	23,255,133	6,034,537
Shares redeemed	(15,927,070)	(11,627,846)	(172,752,977)	(112,817,332)
Net increase (decrease)	1,771,842	4,762,518	$ 18,688,492	$ 45,539,483
Class T
Shares sold	4,952,273	4,570,956	$ 53,263,754	$ 44,088,375
Reinvestment of distributions	563,429	131,758	6,111,429	1,260,447
Shares redeemed	(3,823,850)	(2,827,192)	(41,331,820)	(27,249,174)
Net increase (decrease)	1,691,852	1,875,522	$ 18,043,363	$ 18,099,648

Annual Report

7. Share Transactions - continued

	Shares		Dollars
Years ended March 31,	2014	2013	2014	2013
Advisor Freedom 2050
Class B
Shares sold	6,070	330	$ 62,698	$ 3,096
Reinvestment of distributions	26,115	6,911	281,437	65,663
Shares redeemed	(116,795)	(62,118)	(1,260,526)	(591,359)
Net increase (decrease)	(84,610)	(54,877)	$ (916,391)	$ (522,600)
Class C
Shares sold	576,662	469,493	$ 6,162,264	$ 4,511,086
Reinvestment of distributions	92,687	19,364	1,001,088	184,167
Shares redeemed	(337,180)	(316,364)	(3,617,246)	(3,039,772)
Net increase (decrease)	332,169	172,493	$ 3,546,106	$ 1,655,481
Institutional Class
Shares sold	13,460,852	10,323,520	$ 146,409,293	$ 100,853,706
Reinvestment of distributions	1,361,462	347,891	14,889,948	3,344,639
Shares redeemed	(9,180,695)	(4,410,206)	(100,348,531)	(42,706,449)
Net increase (decrease)	5,641,619	6,261,205	$ 60,950,710	$ 61,491,896
Advisor Freedom 2055
Class A
Shares sold	6,413,613	3,664,304	$ 71,666,130	$ 36,168,205
Reinvestment of distributions	212,805	35,066	2,422,593	341,179
Shares redeemed	(2,762,885)	(897,204)	(31,087,783)	(8,919,848)
Net increase (decrease)	3,863,533	2,802,166	$ 43,000,940	$ 27,589,536
Class T
Shares sold	1,441,153	865,233	$ 16,075,315	$ 8,537,245
Reinvestment of distributions	46,640	7,527	530,234	73,047
Shares redeemed	(535,943)	(334,621)	(6,022,756)	(3,311,442)
Net increase (decrease)	951,850	538,139	$ 10,582,793	$ 5,298,850
Class C
Shares sold	139,814	90,384	$ 1,564,294	$ 903,238
Reinvestment of distributions	5,264	877	59,878	8,307
Shares redeemed	(35,519)	(103,499)	(399,907)	(1,002,740)
Net increase (decrease)	109,559	(12,238)	$ 1,224,265	$ (91,195)
Institutional Class
Shares sold	4,049,210	1,958,189	$ 45,422,502	$ 19,433,573
Reinvestment of distributions	130,689	18,452	1,492,120	179,477
Shares redeemed	(1,280,405)	(491,376)	(14,465,282)	(4,844,931)
Net increase (decrease)	2,899,494	1,485,265	$ 32,449,340	$ 14,768,119

8. Other.

The Funds' organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Funds. In the normal course of business, the Funds may also enter into contracts that provide general indemnifications. The Funds' maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Funds. The risk of material loss from such claims is considered remote.

The Funds do not invest in the Underlying Funds for the purpose of exercising management or control; however, investments by the Funds within their principal investment strategies may represent a significant portion of the Underlying Fund's net assets. At the end of the period, the following Advisor Freedom Funds were the owners of record of 10% or more of the total outstanding shares of the Underlying Funds.

Fund	Advisor Freedom 2020 Fund	Advisor Freedom 2025 Fund	Advisor Freedom 2030 Fund	Advisor Freedom 2035 Fund	Advisor Freedom 2040 Fund
Fidelity Advisor Series Equity-Income Fund	14%	16%	19%	14%	14%
Fidelity Advisor Series Growth & Income Fund	15%	16%	17%	13%	13%
Fidelity Advisor Growth Opportunities Fund.	14%	16%	18%	14%	14%
Fidelity Advisor Series Opportunistic Insights Fund	14%	16%	20%	14%	13%
Fidelity Advisor Series Small Cap Fund	14%	16%	19%	14%	14%
Fidelity Advisor Series Stock Selector Large Cap Value Fund	13%	15%	19%	15%	14%

Annual Report

Notes to Financial Statements - continued

8. Other - continued

The Funds, in aggregate, were the owners of record of more than 20% of the total outstanding shares of the following Underlying Funds.

Fund	% of shares held
Fidelity Advisor Equity Growth Fund	26%
Fidelity Advisor Series Equity-Income Fund	100%
Fidelity Advisor Series Growth & Income Fund	100%
Fidelity Advisor Series Growth Opportunities Fund	100%
Fidelity Advisor Series Opportunistic Insights Fund	100%
Fidelity Advisor Series Small Cap Fund	100%
Fidelity Advisor Series Stock Selector Large Cap Value Fund	100%
Fidelity Advisor Short Fixed-Income Fund	30%

Annual Report

Report of Independent Registered Public Accounting Firm

To the Trustees of Fidelity Aberdeen Street Trust and the Shareholders of Fidelity Advisor Freedom Income Fund, Fidelity Advisor Freedom 2005 Fund, Fidelity Advisor Freedom 2010 Fund, Fidelity Advisor Freedom 2015 Fund, Fidelity Advisor Freedom 2020 Fund, Fidelity Advisor Freedom 2025 Fund, Fidelity Advisor Freedom 2030 Fund, Fidelity Advisor Freedom 2035 Fund, Fidelity Advisor Freedom 2040 Fund, Fidelity Advisor Freedom 2045 Fund, Fidelity Advisor Freedom 2050 Fund and Fidelity Advisor Freedom 2055 Fund:

We have audited the accompanying statements of assets and liabilities of Fidelity Advisor Freedom Income Fund, Fidelity Advisor Freedom 2005 Fund, Fidelity Advisor Freedom 2010 Fund, Fidelity Advisor Freedom 2015 Fund, Fidelity Advisor Freedom 2020 Fund, Fidelity Advisor Freedom 2025 Fund, Fidelity Advisor Freedom 2030 Fund, Fidelity Advisor Freedom 2035 Fund, Fidelity Advisor Freedom 2040 Fund, Fidelity Advisor Freedom 2045 Fund, Fidelity Advisor Freedom 2050 Fund and Fidelity Advisor Freedom 2055 Fund (the Funds) each a fund of Fidelity Aberdeen Street Trust, including the schedules of investments, as of March 31, 2014, and the related statements of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Funds' management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. The Funds are not required to have, nor were we engaged to perform, an audit of their internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of March 31, 2014, by correspondence with the custodians. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of Fidelity Advisor Freedom Income Fund, Fidelity Advisor Freedom 2005 Fund, Fidelity Advisor Freedom 2010 Fund, Fidelity Advisor Freedom 2015 Fund, Fidelity Advisor Freedom 2020 Fund, Fidelity Advisor Freedom 2025 Fund, Fidelity Advisor Freedom 2030 Fund, Fidelity Advisor Freedom 2035 Fund, Fidelity Advisor Freedom 2040 Fund, Fidelity Advisor Freedom 2045 Fund, Fidelity Advisor Freedom 2050 Fund and Fidelity Advisor Freedom 2055 as of March 31, 2014, the results of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with accounting principles generally accepted in the United States of America.

DELOITTE & TOUCHE LLP

Boston, Massachusetts

May 16, 2014

Annual Report

Trustees and Officers

The Trustees and officers of the trust and funds, as applicable, are listed below. The Board of Trustees governs each Fidelity Advisor Freedom Fund and is responsible for protecting the interests of shareholders. The Trustees are experienced executives who meet periodically throughout the year to oversee each Fidelity Advisor Freedom Fund's activities, review contractual arrangements with companies that provide services to each Fidelity Advisor Freedom Fund, oversee management of the risks associated with such activities and contractual arrangements, and review each Fidelity Advisor Freedom Fund's performance. If the interests of a Fidelity Advisor Freedom Fund and an underlying Fidelity fund were to diverge, a conflict of interest could arise and affect how the Trustees fulfill their fiduciary duties to the affected funds. Strategic Advisers has structured the Fidelity Advisor Freedom Funds® to avoid these potential conflicts, although there may be situations where a conflict of interest is unavoidable. In such instances, Strategic Advisers and the Trustees would take reasonable steps to minimize and, if possible, eliminate the conflict. Except for Elizabeth S. Acton and James C. Curvey, each of the Trustees oversees 223 funds. Ms. Acton oversees 205 funds. Mr. Curvey oversees 395 funds.

The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust. Each Trustee who is not an interested person (as defined in the 1940 Act) of the trust and the funds (Independent Trustee), shall retire not later than the last day of the month in which his or her 75th birthday occurs. The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees. The officers hold office without limit in time, except that any officer may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years.

Experience, Skills, Attributes, and Qualifications of the Funds' Trustees. The Governance and Nominating Committee has adopted a statement of policy that describes the experience, qualifications, attributes, and skills that are necessary and desirable for potential Independent Trustee candidates (Statement of Policy). The Board believes that each Trustee satisfied at the time he or she was initially elected or appointed a Trustee, and continues to satisfy, the standards contemplated by the Statement of Policy. The Governance and Nominating Committee also engages professional search firms to help identify potential Independent Trustee candidates who have the experience, qualifications, attributes, and skills consistent with the Statement of Policy. From time to time, additional criteria based on the composition and skills of the current Independent Trustees, as well as experience or skills that may be appropriate in light of future changes to board composition, business conditions, and regulatory or other developments, have also been considered by the professional search firms and the Governance and Nominating Committee. In addition, the Board takes into account the Trustees' commitment and participation in Board and committee meetings, as well as their leadership of standing and ad hoc committees throughout their tenure.

In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing each fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the funds, is provided below.

Board Structure and Oversight Function. Abigail P. Johnson is an interested person (as defined in the 1940 Act) and currently serves as Chairman. The Trustees have determined that an interested Chairman is appropriate and benefits shareholders because an interested Chairman has a personal and professional stake in the quality and continuity of services provided to the funds. Independent Trustees exercise their informed business judgment to appoint an individual of their choosing to serve as Chairman, regardless of whether the Trustee happens to be independent or a member of management. The Independent Trustees have determined that they can act independently and effectively without having an Independent Trustee serve as Chairman and that a key structural component for assuring that they are in a position to do so is for the Independent Trustees to constitute a substantial majority for the Board. The Independent Trustees also regularly meet in executive session. Albert R. Gamper, Jr. serves as Chairman of the Independent Trustees and as such (i) acts as a liaison between the Independent Trustees and management with respect to matters important to the Independent Trustees and (ii) with management prepares agendas for Board meetings.

Fidelity funds are overseen by different Boards of Trustees. The funds' Board oversees Fidelity's investment-grade bond, money market, and asset allocation funds and another Board oversees Fidelity's equity and high income funds. The asset allocation funds may invest in Fidelity funds that are overseen by such other Board. The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity funds to focus on the unique issues of the funds they oversee, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity funds overseen by each Board.

The Trustees operate using a system of committees to facilitate the timely and efficient consideration of all matters of importance to the Trustees, each fund, and fund shareholders and to facilitate compliance with legal and regulatory requirements and oversight of the funds' activities and associated risks. The Board, acting through its committees, has charged FMR and its affiliates with (i) identifying events or circumstances the occurrence of which could have demonstrably adverse effects on the funds' business and/or reputation; (ii) implementing processes and controls to lessen the possibility that such events or circumstances occur or to mitigate the effects of such events or circumstances if they do occur; and (iii) creating and maintaining a system designed to evaluate continuously business and market conditions in order to facilitate the identification and implementation processes described in (i) and (ii) above. Because the day-to-day operations and activities of the funds are carried out by or through FMR, its affiliates, and other service providers, the funds' exposure to risks is mitigated but not eliminated by the processes overseen by the Trustees. While each of the Board's committees has responsibility for overseeing different aspects of the funds' activities, oversight is exercised primarily through the Operations and Audit Committees. In addition, an ad hoc Board committee of Independent Trustees has worked with FMR to enhance the Board's oversight of investment and financial risks, legal and regulatory risks, technology risks, and operational risks, including the development of additional risk reporting to the Board. Appropriate personnel, including but not limited to the funds' Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the funds' Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of FMR's risk management program for the Fidelity funds. The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Funds' Trustees."

Annual Report

The funds' Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-877-208-0098.

Interested Trustees*:

Correspondence intended for each Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupations and Other Relevant Experience⁺
James C. Curvey (1935)
Year of Election or Appointment: 2007 Trustee
	Mr. Curvey also serves as Trustee of other Fidelity funds. Mr. Curvey is a Director of Fidelity Investments Money Management, Inc. (2009-present), Director of Fidelity Research & Analysis Co. (2009-present) and Director of FMR and FMR Co., Inc. (2007-present). Mr. Curvey is also Vice Chairman (2007-present) and Director of FMR LLC. In addition, Mr. Curvey serves as an Overseer for the Boston Symphony Orchestra and a member of the Trustees of Villanova University. Previously, Mr. Curvey was the Vice Chairman (2006-2007) and Director (2000-2007) of FMR Corp.
Abigail P. Johnson (1961)
Year of Election or Appointment: 2009 Trustee Chairman of the Board of Trustees
	Ms. Johnson also serves as Trustee of other Fidelity funds. Ms. Johnson serves as President of FMR LLC (2013-present), President of Fidelity Financial Services (2012-present) and President of Personal, Workplace and Institutional Services (2005-present). Ms. Johnson is Chairman and Director of FMR Co., Inc. (2011-present), Chairman and Director of FMR (2011-present), and the Vice Chairman and Director (2007-present) of FMR LLC. Previously, Ms. Johnson served as President and a Director of FMR (2001-2005), a Trustee of other investment companies advised by FMR, Fidelity Investments Money Management, Inc., and FMR Co., Inc. (2001-2005), Senior Vice President of the Fidelity funds (2001-2005), and managed a number of Fidelity funds. Ms. Abigail P. Johnson and Mr. Arthur E. Johnson are not related.

* Trustees have been determined to be "Interested Trustees" by virtue of, among other things, their affiliation with the trust or various entities under common control with FMR.

⁺ The information above includes each Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to each Trustee's qualifications to serve as a Trustee, which led to the conclusion that each Trustee should serve as a Trustee for each fund.

Independent Trustees:

Correspondence intended for each Independent Trustee (that is, the Trustees other than the Interested Trustees) may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.

Name, Year of Birth; Principal Occupations and Other Relevant Experience⁺
Elizabeth S. Acton (1951)
Year of Election or Appointment: 2013 Trustee
	Ms. Acton also serves as Trustee or Member of the Advisory Board of other Fidelity funds. Prior to her retirement in April 2012, Ms. Acton was Executive Vice President, Finance (2011-2012), Executive Vice President, Chief Financial Officer (2002-2011), and Treasurer (2004-2005) of Comerica Incorporated (financial services). Prior to joining Comerica, Ms. Acton held a variety of positions at Ford Motor Company (1983-2002), including Vice President and Treasurer (2000-2002) and Executive Vice President and Chief Financial Officer of Ford Motor Credit Company (1998-2000). Ms. Acton currently serves as a member of the Board of Directors and Audit and Finance Committees of Beazer Homes USA, Inc. (homebuilding, 2012-present).
Albert R. Gamper, Jr. (1942)
Year of Election or Appointment: 2006 Trustee Chairman of the Independent Trustees
	Mr. Gamper also serves as Trustee of other Fidelity funds. Prior to his retirement in December 2004, Mr. Gamper served as Chairman of the Board of CIT Group Inc. (commercial finance). During his tenure with CIT Group Inc. Mr. Gamper served in numerous senior management positions, including Chairman (1987-1989; 1999-2001; 2002-2004), Chief Executive Officer (1987-2004), and President (2002-2003). Mr. Gamper currently serves as a member of the Board of Directors of Public Service Enterprise Group (utilities, 2000-present), a member of the Board of Trustees, Rutgers University (2004-present), and Chairman of the Board of Barnabas Health Care System. Previously, Mr. Gamper served as Vice Chairman of the Independent Trustees of certain Fidelity funds (2011-2012) and as Chairman of the Board of Governors, Rutgers University (2004-2007).
Robert F. Gartland (1951)
Year of Election or Appointment: 2010 Trustee
	Mr. Gartland also serves as Trustee of other Fidelity funds. Mr. Gartland is Chairman and an investor in Gartland and Mellina Group Corp. (consulting, 2009-present). Previously, Mr. Gartland served as a partner and investor of Vietnam Partners LLC (investments and consulting, 2008-2011). Prior to his retirement, Mr. Gartland held a variety of positions at Morgan Stanley (financial services, 1979-2007) including Managing Director (1987-2007).
Arthur E. Johnson (1947)
Year of Election or Appointment: 2008 Trustee
	Mr. Johnson also serves as Trustee of other Fidelity funds. Mr. Johnson serves as a member of the Board of Directors of Eaton Corporation (diversified power management, 2009-present), AGL Resources, Inc. (holding company, 2002-present) and Booz Allen Hamilton (management consulting, 2011-present). Prior to his retirement, Mr. Johnson served as Senior Vice President of Corporate Strategic Development of Lockheed Martin Corporation (defense contractor, 1999-2009). He previously served on the Board of Directors of IKON Office Solutions, Inc. (1999-2008) and Delta Airlines (2005-2007). Mr. Arthur E. Johnson is not related to Ms. Abigail P. Johnson.
Michael E. Kenneally (1954)
Year of Election or Appointment: 2009 Trustee
	Mr. Kenneally also serves as Trustee of other Fidelity funds. Mr. Kenneally served as a Member of the Advisory Board for certain Fidelity funds before joining the Board of Trustees (2008-2009). Prior to his retirement, Mr. Kenneally served as Chairman and Global Chief Executive Officer of Credit Suisse Asset Management. Before joining Credit Suisse, he was an Executive Vice President and Chief Investment Officer for Bank of America Corporation. Earlier roles at Bank of America included Director of Research, Senior Portfolio Manager and Research Analyst, and Mr. Kenneally was awarded the Chartered Financial Analyst (CFA) designation in 1991.
James H. Keyes (1940)
Year of Election or Appointment: 2007 Trustee
	Mr. Keyes also serves as Trustee of other Fidelity funds. Mr. Keyes serves as a member of the Board and Non-Executive Chairman of Navistar International Corporation (manufacture and sale of trucks, buses, and diesel engines, since 2002). Previously, Mr. Keyes served as a member of the Board of Pitney Bowes, Inc. (integrated mail, messaging, and document management solutions, 1998-2013). Prior to his retirement, Mr. Keyes served as Chairman (1993-2002) and Chief Executive Officer (1988-2002) of Johnson Controls (automotive, building, and energy) and as a member of the Board of LSI Logic Corporation (semiconductor technologies, 1984-2008).
Marie L. Knowles (1946)
Year of Election or Appointment: 2001 Trustee Vice Chairman of the Independent Trustees
	Ms. Knowles also serves as Trustee of other Fidelity funds. Prior to Ms. Knowles' retirement in June 2000, she served as Executive Vice President and Chief Financial Officer of Atlantic Richfield Company (ARCO) (diversified energy, 1996-2000). From 1993 to 1996, she was a Senior Vice President of ARCO and President of ARCO Transportation Company. She served as a Director of ARCO from 1996 to 1998. Ms. Knowles currently serves as a Director and Chairman of the Audit Committee of McKesson Corporation (healthcare service, since 2002). Ms. Knowles is a member of the Board of the Catalina Island Conservancy and of the Santa Catalina Island Company (2009-present). She also serves as a member of the Advisory Board for the School of Engineering of the University of Southern California. Previously, Ms. Knowles served as a Director of Phelps Dodge Corporation (copper mining and manufacturing, 1994-2007), URS Corporation (engineering and construction, 2000-2003) and America West (airline, 1999-2002).
Kenneth L. Wolfe (1939)
Year of Election or Appointment: 2005 Trustee
	Mr. Wolfe also serves as Trustee of other Fidelity funds. Prior to his retirement, Mr. Wolfe served as Chairman and a Director (2007-2009) and Chairman and Chief Executive Officer (1994-2001) of Hershey Foods Corporation. He also served as a member of the Boards of Adelphia Communications Corporation (telecommunications, 2003-2006), Bausch & Lomb, Inc. (medical/pharmaceutical, 1993-2007), and Revlon, Inc. (personal care products, 2004-2009). Mr. Wolfe previously served as Chairman of the Independent Trustees of other Fidelity funds (2008-2012).

Officers:

Correspondence intended for each officer may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210. Officers appear below in alphabetical order.

Name, Year of Birth; Principal Occupation
Elizabeth Paige Baumann (1968)
Year of Election or Appointment: 2012 Anti-Money Laundering (AML) Officer
	Ms. Baumann also serves as AML Officer of other funds. She is Chief AML Officer of FMR LLC (2012-present) and is an employee of Fidelity Investments. Previously, Ms. Baumann served as Vice President and Deputy Anti-Money Laundering Officer (2007-2012).
Marc Bryant (1966)
Year of Election or Appointment: 2013 Assistant Secretary
	Mr. Bryant also serves as an officer of other funds. He is Senior Vice President and Deputy General Counsel of FMR LLC. Prior to joining Fidelity Investments, Mr. Bryant served as a Senior Vice President and the Head of Global Retail Legal for AllianceBernstein L.P. (2006-2010), and as the General Counsel for ProFund Advisors LLC (2001-2006).
Jonathan Davis (1968)
Year of Election or Appointment: 2010 Assistant Treasurer
	Mr. Davis also serves as Assistant Treasurer of other funds. Mr. Davis is an employee of Fidelity Investments. Previously, Mr. Davis served as Vice President and Associate General Counsel of FMR LLC (2003-2010).
Adrien E. Deberghes (1967)
Year of Election or Appointment: 2010 Assistant Treasurer
	Mr. Deberghes also serves as an officer of other funds. He is an employee of Fidelity Investments (2008-present). Prior to joining Fidelity Investments, Mr. Deberghes was Senior Vice President of Mutual Fund Administration at State Street Corporation (2007-2008), Senior Director of Mutual Fund Administration at Investors Bank & Trust (2005-2007), and Director of Finance for Dunkin' Brands (2000-2005).
Stephanie J. Dorsey (1969)
Year of Election or Appointment: 2013 President and Treasurer
	Ms. Dorsey also serves as an officer of other funds. She is an employee of Fidelity Investments (2008-present) and has served in other fund officer roles. Prior to joining Fidelity Investments, Ms. Dorsey served as Treasurer (2004-2008) of the JPMorgan Mutual Funds and Vice President (2004-2008) of JPMorgan Chase Bank.
Scott C. Goebel (1968)
Year of Election or Appointment: 2008 Secretary and Chief Legal Officer (CLO)
	Mr. Goebel serves as Secretary and CLO of other funds. Mr. Goebel also serves as Secretary of Fidelity SelectCo, LLC (2013-present), Fidelity Investments Money Management, Inc. (FIMM) (2010-present) and Fidelity Research and Analysis Company (FRAC) (2010-present); General Counsel, Secretary, and Senior Vice President of FMR (2008-present) and FMR Co., Inc. (2008-present); Chief Legal Officer of Fidelity Management & Research (Hong Kong) Limited (2008-present); and Assistant Secretary of Fidelity Management & Research (Japan) Inc. (2008-present) and Fidelity Management & Research (U.K.) Inc. (2008-present). Previously, Mr. Goebel served as Secretary and CLO of other Fidelity funds (2008-2013), Assistant Secretary of FIMM (2008-2010), FRAC (2008-2010), and certain funds (2007-2008); and as Vice President and Secretary of Fidelity Distributors Corporation (FDC) (2005-2007). Mr. Goebel has been employed by FMR LLC or an affiliate since 2001.
Bruce T. Herring (1965)
Year of Election or Appointment: 2013 Vice President of Fidelity's Asset Allocation Funds
	Mr. Herring also serves as Vice President of other funds. He serves as Chief Investment Officer of Fidelity Global Asset Allocation (GAA) (2013-present), Group Chief Investment Officer of FMR, and President of Fidelity Research & Analysis Company (2010-present). Previously, Mr. Herring served as Chief Investment Officer and Director of Fidelity Management & Research (U.K.) Inc. (2010-2013), Vice President (2005-2006) and Senior Vice President (2006-2007) of Fidelity Management & Research Company, Vice President of FMR Co., Inc. (2001-2007), and as a portfolio manager for Fidelity U.S. Equity Funds.
Chris Maher (1972)
Year of Election or Appointment: 2013 Assistant Treasurer
	Mr. Maher serves as Assistant Treasurer of other funds. Mr. Maher is Vice President of Valuation Oversight and is an employee of Fidelity Investments. Previously, Mr. Maher served as Vice President of Asset Management Compliance (2013), Vice President of FMR's Program Management Group (2010-2013), and Vice President of Valuation Oversight (2008-2010).
Charles S. Morrison (1960)
Year of Election or Appointment: 2012 Vice President
	Mr. Morrison also serves as Trustee or Vice President of other funds. He serves as President, Asset Management (2014-present) and is an employee of Fidelity Investments. Previously, Mr. Morrison served as President, Fixed Income (2011-2014), Vice President of Fidelity's Money Market Funds (2005-2009), President, Money Market Group Leader of FMR (2009), and Senior Vice President, Money Market Group of FMR (2004-2009). Mr. Morrison also served as Vice President of Fidelity's Bond Funds (2002-2005), certain Balanced Funds (2002-2005), and certain Asset Allocation Funds (2002-2007), and as Senior Vice President (2002-2005) of Fidelity's Bond Division.
Christine Reynolds (1958)
Year of Election or Appointment: 2008 Chief Financial Officer
	Ms. Reynolds also serves as Chief Financial Officer of other funds. Ms. Reynolds became President of Fidelity Pricing and Cash Management Services (FPCMS) in August 2008. Ms. Reynolds served as Chief Operating Officer of FPCMS (2007-2008). Previously, Ms. Reynolds served as President, Treasurer, and Anti-Money Laundering officer of the Fidelity funds (2004-2007).
Kenneth B. Robins (1969)
Year of Election or Appointment: 2009 Assistant Treasurer
	Mr. Robins also serves as an officer of other funds. Mr. Robins serves as Executive Vice President of Fidelity Investments Money Management, Inc. (FIMM) (2013-present) and is an employee of Fidelity Investments (2004-present). Previously, Mr. Robins served in other fund officer roles.
Stephen Sadoski (1971)
Year of Election or Appointment: 2013 Deputy Treasurer
	Mr. Sadoski also serves as Deputy Treasurer of other funds. He is an employee of Fidelity Investments (2012-present) and has served in another fund officer role. Prior to joining Fidelity Investments, Mr. Sadoski served as an assistant chief accountant in the Division of Investment Management of the Securities and Exchange Commission (SEC) (2009-2012) and as a senior manager at Deloitte & Touche LLP (1997-2009).
Stacie M. Smith (1974)
Year of Election or Appointment: 2013 Assistant Treasurer
	Ms. Smith also serves as an officer of other funds. She is an employee of Fidelity Investments (2009-present) and has served in other fund officer roles. Prior to joining Fidelity Investments, Ms. Smith served as Senior Audit Manager of Ernst & Young LLP (1996-2009).
Renee Stagnone (1975)
Year of Election or Appointment: 2013 Deputy Treasurer
	Ms. Stagnone also serves as Deputy Treasurer of other funds. Ms. Stagnone is an employee of Fidelity Investments.
Michael H. Whitaker (1967)
Year of Election or Appointment: 2008 Chief Compliance Officer
	Mr. Whitaker also serves as Chief Compliance Officer of other funds. Mr. Whitaker is an employee of Fidelity Investments (2007-present). Prior to joining Fidelity Investments, Mr. Whitaker worked at MFS Investment Management where he served as Senior Vice President and Chief Compliance Officer (2004-2006), and Assistant General Counsel.
Derek L. Young (1964)
Year of Election or Appointment: 2009 Vice President of Fidelity's Asset Allocation Funds
	Mr. Young also serves as Trustee or an officer of other funds. He is President and a Director of Strategic Advisers, Inc. (2011-present), President of Fidelity Global Asset Allocation (GAA) (2011-present), and Vice Chairman of Pyramis Global Advisors, LLC (2011-present). Previously, Mr. Young served as Chief Investment Officer of GAA (2009-2011) and as a portfolio manager.
Joseph F. Zambello (1957)
Year of Election or Appointment: 2011 Deputy Treasurer
	Mr. Zambello also serves as Deputy Treasurer of other funds. Mr. Zambello is an employee of Fidelity Investments. Previously, Mr. Zambello served as Vice President of FMR's Program Management Group (2009-2011) and Vice President of the Transfer Agent Oversight Group (2005-2009).

Annual Report

Distributions (Unaudited)

The Board of Trustees of each fund voted to pay to shareholders of record at the opening of business on record date, the following distributions per share derived from capital gains realized from sales of portfolio securities and dividends derived from net investment income:

	Pay Date	Record Date	Dividends	Capital Gains
Fidelity Advisor Freedom Income Fund
Class A	05/05/14	05/02/14	$0.013	$0.192
Class T	05/05/14	05/02/14	$0.011	$0.192
Class B	05/05/14	05/02/14	$0.007	$0.192
Class C	05/05/14	05/02/14	$0.007	$0.192
Fidelity Advisor Freedom 2005 Fund
Class A	05/05/14	05/02/14	$0.032	$0.177
Class T	05/05/14	05/02/14	$0.024	$0.177
Class B	05/05/14	05/02/14	$0.008	$0.177
Class C	05/05/14	05/02/14	$0.009	$0.177
Fidelity Advisor Freedom 2010 Fund
Class A	05/05/14	05/02/14	$0.031	$0.230
Class T	05/05/14	05/02/14	$0.022	$0.230
Class B	05/05/14	05/02/14	$0.002	$0.230
Class C	05/05/14	05/02/14	$0.007	$0.230
Fidelity Advisor Freedom 2015 Fund
Class A	05/05/14	05/02/14	$0.028	$0.252
Class T	05/05/14	05/02/14	$0.020	$0.252
Class B	05/05/14	05/02/14	$0.000	$0.252
Class C	05/05/14	05/02/14	$0.004	$0.252
Fidelity Advisor Freedom 2020 Fund
Class A	05/05/14	05/02/14	$0.027	$0.222
Class T	05/05/14	05/02/14	$0.018	$0.222
Class B	05/05/14	05/02/14	$0.000	$0.219
Class C	05/05/14	05/02/14	$0.002	$0.222
Fidelity Advisor Freedom 2025 Fund
Class A	05/05/14	05/02/14	$0.022	$0.222
Class T	05/05/14	05/02/14	$0.014	$0.222
Class B	05/05/14	05/02/14	$0.000	$0.216
Class C	05/05/14	05/02/14	$0.000	$0.221
Fidelity Advisor Freedom 2030 Fund
Class A	05/05/14	05/02/14	$0.011	$0.178
Class T	05/05/14	05/02/14	$0.002	$0.178
Class B	05/05/14	05/02/14	$0.000	$0.157
Class C	05/05/14	05/02/14	$0.000	$0.164
Fidelity Advisor Freedom 2035 Fund
Class A	05/05/14	05/02/14	$0.008	$0.199
Class T	05/05/14	05/02/14	$0.000	$0.199
Class B	05/05/14	05/02/14	$0.000	$0.184
Class C	05/05/14	05/02/14	$0.000	$0.184
Fidelity Advisor Freedom 2040 Fund
Class A	05/05/14	05/02/14	$0.007	$0.211
Class T	05/05/14	05/02/14	$0.000	$0.209
Class B	05/05/14	05/02/14	$0.000	$0.188
Class C	05/05/14	05/02/14	$0.000	$0.192
	Pay Date	Record Date	Dividends	Capital Gains
Fidelity Advisor Freedom 2045 Fund
Class A	05/05/14	05/02/14	$0.006	$0.324
Class T	05/05/14	05/02/14	$0.000	$0.324
Class B	05/05/14	05/02/14	$0.000	$0.308
Class C	05/05/14	05/02/14	$0.000	$0.311
Fidelity Advisor Freedom 2050 Fund
Class A	05/05/14	05/02/14	$0.006	$0.338
Class T	05/05/14	05/02/14	$0.000	$0.338
Class B	05/05/14	05/02/14	$0.000	$0.322
Class C	05/05/14	05/02/14	$0.000	$0.325
Fidelity Advisor Freedom 2055 Fund
Class A	05/05/14	05/02/14	$0.006	$0.162
Class T	05/05/14	05/02/14	$0.000	$0.162
Class C	05/05/14	05/02/14	$0.000	$0.149

The funds hereby designate as capital gain dividend the amounts noted below for the taxable year ended March 31, 2014, or, if subsequently determined to be different, the net capital gain of such year.

Fidelity Advisor Freedom Income Fund	$6,948,475
Fidelity Advisor Freedom 2005 Fund	$6,580,235
Fidelity Advisor Freedom 2010 Fund	$21,978,382
Fidelity Advisor Freedom 2015 Fund	$51,836,264
Fidelity Advisor Freedom 2020 Fund	$80,492,875
Fidelity Advisor Freedom 2025 Fund	$70,955,893
Fidelity Advisor Freedom 2030 Fund	$61,154,237
Fidelity Advisor Freedom 2035 Fund	$47,339,326
Fidelity Advisor Freedom 2040 Fund	$43,534,958
Fidelity Advisor Freedom 2045 Fund	$43,556,034
Fidelity Advisor Freedom 2050 Fund	$33,349,316
Fidelity Advisor Freedom 2055 Fund	$2,455,375

A percentage of the dividends distributed during the fiscal year for the following funds were derived from interest on U.S. Government securities which is generally exempt from state income tax:

Fidelity Advisor Freedom Income Fund
Class A	14.14%
Class T	14.14%
Class B	14.14%
Class C	14.14%
Fidelity Advisor Freedom 2005 Fund
Class A	9.40%
Class T	9.40%
Class B	9.40%
Class C	9.40%
Fidelity Advisor Freedom 2010 Fund
Class A	7.11%
Class T	7.11%
Class B	7.11%
Class C	7.11%
Fidelity Advisor Freedom 2015 Fund
Class A	5.62%
Class T	5.62%
Class B	5.62%
Class C	5.62%
Fidelity Advisor Freedom 2020 Fund
Class A	4.30%
Class T	4.30%
Class B	4.30%
Class C	4.30%
Fidelity Advisor Freedom 2025 Fund
Class A	2.60%
Class T	2.60%
Class B	2.60%
Class C	2.60%
Fidelity Advisor Freedom 2030 Fund
Class A	1.23%
Class T	1.23%
Class B	1.23%
Class C	1.23%
Fidelity Advisor Freedom 2035 Fund
Class A	0.54%
Class T	0.54%
Class B	0.54%
Class C	0.54%
Fidelity Advisor Freedom 2040 Fund
Class A	0.47%
Class T	0.47%
Class B	0.47%
Class C	0.47%
Fidelity Advisor Freedom 2045 Fund
Class A	0.29%
Class T	0.29%
Class B	0.29%
Class C	0.29%
Fidelity Advisor Freedom 2050 Fund
Class A	0.26%
Class T	0.26%
Class B	0.26%
Class C	0.26%
Fidelity Advisor Freedom 2055 Fund
Class A	0.09%
Class T	0.09%
Class B	0.09%
Class C	0.09%

Annual Report

A percentage of the dividends distributed during the fiscal year for the following funds qualify for the dividends-received deduction for corporate shareholders:

	Class A	Class T	Class B	Class C
Fidelity Advisor Freedom Income Fund
May 2013	4%	4%	6%	6%
June 2013	9%	16%	0%	0%
July 2013	9%	16%	0%	0%
August 2013	9%	13%	0%	63%
September 2013	9%	13%	0%	0%
October 2013	10%	14%	0%	0%
November 2013	9%	11%	40%	40%
December 2013	9%	10%	11%	10%
February 2014	7%	8%	22%	17%
March 2014	7%	8%	22%	22%
Fidelity Advisor Freedom 2005 Fund
May 2013	9%	14%	0%	0
December 2013	12%	13%	18%	17%
Fidelity Advisor Freedom 2010 Fund
May 2013	14%	21%	0%	0%
December 2013	13%	15%	19%	18%
Fidelity Advisor Freedom 2015 Fund
May 2013	14%	22%	0%	0%
December 2013	15%	17%	21%	20%
Fidelity Advisor Freedom 2020 Fund
May 2013	14%	21%	0%	0%
December 2013	17%	18%	23%	22%
Fidelity Advisor Freedom 2025 Fund
May 2013	17%	25%	0%	0%
December 2013	18%	19%	24%	22%
Fidelity Advisor Freedom 2030 Fund
May 2013	18%	27%	0%	0%
December 2013	20%	21%	25%	24%
Fidelity Advisor Freedom 2035 Fund
May 2013	25%	40%	0%	0%
December 2013	19%	21%	25%	24%
Fidelity Advisor Freedom 2040 Fund
May 2013	27%	49%	0%	0%
December 2013	20%	21%	25%	24%
Fidelity Advisor Freedom 2045 Fund
May 2013	25%	40%	0%	0%
December 2013	20%	21%	25%	25%
Fidelity Advisor Freedom 2050 Fund
May 2013	22%	29%	0%	0%
December 2013	20%	22%	26%	25%
Fidelity Advisor Freedom 2055 Fund
May 2013	20%	29%	0%	0%
December 2013	19%	30%	0%	23%

Annual Report

Distributions (Unaudited) - continued

A percentage of the dividends distributed during the fiscal year for the following funds may be taken into account as a dividend for purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.

	Class A	Class T	Class B	Class C
Fidelity Advisor Freedom Income Fund
May 2013	6%	7%	11%	11%
June 2013	16%	27%	0%	0%
July 2013	16%	27%	0%	0%
August 2013	16%	22%	0%	100%
September 2013	16%	23%	0%	0%
October 2013	17%	23%	0%	0%
November 2013	15%	20%	68%	68%
December 2013	16%	16%	18%	18%
February 2014	2%	3%	7%	5%
March 2014	2%	3%	7%	7%
Fidelity Advisor Freedom 2005 Fund
May 2013	5%	8%	0%	0%
December 2013	20%	22%	29%	28%
Fidelity Advisor Freedom 2010 Fund
May 2013	8%	12%	0%	0%
December 2013	22%	24%	32%	29%
Fidelity Advisor Freedom 2015 Fund
May 2013	9%	14%	0%	0%
December 2013	25%	27%	34%	32%
Fidelity Advisor Freedom 2020 Fund
May 2013	8%	12%	0%	0%
December 2013	26%	29%	36%	34%
Fidelity Advisor Freedom 2025 Fund
May 2013	11%	15%	0%	0%
December 2013	29%	31%	38%	36%
Fidelity Advisor Freedom 2030 Fund
May 2013	11%	16%	0%	0%
December 2013	32%	34%	41%	39%
Fidelity Advisor Freedom 2035 Fund
May 2013	15%	23%	0%	0%
December 2013	32%	34%	40%	39%
Fidelity Advisor Freedom 2040 Fund
May 2013	16%	29%	0%	0%
December 2013	32%	34%	41%	40%
Fidelity Advisor Freedom 2045 Fund
May 2013	16%	25%	0%	0%
December 2013	33%	35%	42%	40%
Fidelity Advisor Freedom 2050 Fund
May 2013	13%	18%	0%	0%
December 2013	33%	35%	42%	41%
Fidelity Advisor Freedom 2055 Fund
May 2013	14%	20%	0%	0%
December 2013	32%	34%	0%	39%

The funds will notify shareholders in January 2015 of amounts for use in preparing 2014 income tax returns.

Annual Report

Investment Adviser

Strategic Advisers, Inc.

Boston, MA

Administrator

Fidelity Management & Research Company

Boston, MA

General Distributor

Fidelity Distributors Corporation

Smithfield, RI

Transfer and Service Agents

Fidelity Investments Institutional Operations Company, Inc.

Boston, MA

Fidelity Service Company, Inc.

Boston, MA

Custodian

The Bank of New York Mellon

New York, NY

(Fidelity Investment logo)(registered trademark)

AFF-UANN-0514
1.792134.110

Fidelity Advisor Freedom Funds®-

Income, 2005, 2010, 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050, 2055 - Institutional Class

Annual Report

March 31, 2014

(Fidelity Cover Art)

Performance	(Click Here)	How the fund has done over time.
Management's Discussion of Fund Performance	(Click Here)	The Portfolio Managers' review of fund performance and strategy.
Shareholder Expense Example	(Click Here)	An example of shareholder expenses.
Fidelity Advisor Freedom Income Fund®	(Click Here) (Click Here) (Click Here)	Investment Changes Investments Financial Statements
Fidelity Advisor Freedom 2005 Fund®	(Click Here) (Click Here) (Click Here)	Investment Changes Investments Financial Statements
Fidelity Advisor Freedom 2010 Fund®	(Click Here) (Click Here) (Click Here)	Investment Changes Investments Financial Statements
Fidelity Advisor Freedom 2015 Fund®	(Click Here) (Click Here) (Click Here)	Investment Changes Investments Financial Statements
Fidelity Advisor Freedom 2020 Fund®	(Click Here) (Click Here) (Click Here)	Investment Changes Investments Financial Statements
Fidelity Advisor Freedom 2025 Fund®	(Click Here) (Click Here) (Click Here)	Investment Changes Investments Financial Statements
Fidelity Advisor Freedom 2030 Fund®	(Click Here) (Click Here) (Click Here)	Investment Changes Investments Financial Statements
Fidelity Advisor Freedom 2035 Fund®	(Click Here) (Click Here) (Click Here)	Investment Changes Investments Financial Statements
Fidelity Advisor Freedom 2040 Fund®	(Click Here) (Click Here) (Click Here)	Investment Changes Investments Financial Statements
Fidelity Advisor Freedom 2045 Fund®	(Click Here) (Click Here) (Click Here)	Investment Changes Investments Financial Statements
Fidelity Advisor Freedom 2050 Fund®	(Click Here) (Click Here) (Click Here)	Investment Changes Investments Financial Statements
Fidelity Advisor Freedom® 2055 Fund	(Click Here) (Click Here) (Click Here)	Investment Changes Investments Financial Statements
Notes	(Click Here)	Notes to the financial statements.
Report of Independent Registered Public Accounting Firm	(Click Here)
Trustees and Officers	(Click Here)
Distributions	(Click Here)

Annual Report

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

NOT FDIC INSURED • MAY LOSE VALUE • NO BANK GUARANTEE

Neither the funds nor Fidelity Distributors Corporation is a bank.

Annual Report

Fidelity Advisor Freedom Income Fund® - Institutional Class

Performance: The Bottom Line

Average Annual Total Returns

Periods ended March 31, 2014	Past 1 year	Past 5 years	Past 10 years
Institutional Class	3.98%	8.15%	4.14%

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom Income Fund® - Institutional Class on March 31, 2004. The chart shows how the value of your investment would have changed, and also shows how the Barclays® U.S. Aggregate Bond Index performed over the same period.

ffi1219661

Annual Report

Fidelity Advisor Freedom 2005 Fund ® - Institutional Class

Performance: The Bottom Line

Average Annual Total Returns

Periods ended March 31, 2014	Past 1 year	Past 5 years	Past 10 years
Institutional Class	6.29%	11.54%	4.74%

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom 2005 Fund® - Institutional Class on March 31, 2004. The chart shows how the value of your investment would have changed, and also shows how the Barclays U.S. Aggregate Bond Index performed over the same period.

ffi1219663

Annual Report

Fidelity Advisor Freedom 2010 Fund ® - Institutional Class

Performance: The Bottom Line

Average Annual Total Returns

Periods ended March 31, 2014	Past 1 year	Past 5 years	Past 10 years
Institutional Class	8.10%	13.00%	5.25%

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom 2010 Fund® - Institutional Class on March 31, 2004. The chart shows how the value of your investment would have changed, and also shows how the Barclays U.S. Aggregate Bond Index performed over the same period.

ffi1219665

Annual Report

Fidelity Advisor Freedom 2015 Fund ® - Institutional Class

Performance: The Bottom Line

Average Annual Total Returns

Periods ended March 31, 2014	Past 1 year	Past 5 years	Past 10 years
Institutional Class	8.75%	13.47%	5.52%

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom 2015 Fund® - Institutional Class on March 31, 2004. The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.

ffi1219667

Annual Report

Fidelity Advisor Freedom 2020 Fund ® - Institutional Class

Performance: The Bottom Line

Average Annual Total Returns

Periods ended March 31, 2014	Past 1 year	Past 5 years	Past 10 years
Institutional Class	9.58%	14.93%	5.51%

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom 2020 Fund® - Institutional Class on March 31, 2004. The chart shows how the value of your investment would have changed, and also shows how the S&P 500 Index performed over the same period.

ffi1219669

Annual Report

Fidelity Advisor Freedom 2025 Fund ® - Institutional Class

Performance: The Bottom Line

Average Annual Total Returns

Periods ended March 31, 2014	Past 1 year	Past 5 years	Past 10 years
Institutional Class	11.81%	16.13%	5.87%

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom 2025 Fund® - Institutional Class on March 31, 2004. The chart shows how the value of your investment would have changed, and also shows how the S&P 500 Index performed over the same period.

ffi1219671

Annual Report

Fidelity Advisor Freedom 2030 Fund ® - Institutional Class

Performance: The Bottom Line

Average Annual Total Returns

Periods ended March 31, 2014	Past 1 year	Past 5 years	Past 10 years
Institutional Class	12.89%	16.89%	5.71%

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom 2030 Fund® - Institutional Class on March 31, 2004. The chart shows how the value of your investment would have changed, and also shows how the S&P 500 Index performed over the same period.

ffi1219673

Annual Report

Fidelity Advisor Freedom 2035 Fund ® - Institutional Class

Performance: The Bottom Line

Average Annual Total Returns

Periods ended March 31, 2014	Past 1 year	Past 5 years	Past 10 years
Institutional Class	14.44%	17.55%	5.92%

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom 2035 Fund® - Institutional Class on March 31, 2004. The chart shows how the value of your investment would have changed, and also shows how the S&P 500 Index performed over the same period.

ffi1219675

Annual Report

Fidelity Advisor Freedom 2040 Fund® - Institutional Class

Performance: The Bottom Line

Average Annual Total Returns

Periods ended March 31, 2014	Past 1 year	Past 5 years	Past 10 years
Institutional Class	14.73%	17.89%	5.92%

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom 2040 Fund® - Institutional Class on March 31, 2004. The chart shows how the value of your investment would have changed, and also shows how the S&P 500 Index performed over the same period.

ffi1219677

Annual Report

Fidelity Advisor Freedom 2045 Fund® - Institutional Class

Performance: The Bottom Line

Average Annual Total Returns

Periods ended March 31, 2014	Past 1 year	Past 5 years	Life of fund^A
Institutional Class	15.14%	18.17%	5.03%

^AFrom June 1, 2006.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom 2045 Fund® - Institutional Class on June 1, 2006, when the fund started. The chart shows how the value of your investment would have changed, and also shows how the S&P 500 Index performed over the same period.

ffi1219679

Annual Report

Fidelity Advisor Freedom 2050 Fund® - Institutional Class

Performance: The Bottom Line

Average Annual Total Returns

Periods ended March 31, 2014	Past 1 year	Past 5 years	Life of fund^A
Institutional Class	15.20%	18.52%	4.90%

^AFrom June 1, 2006.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom 2050 Fund® - Institutional Class on June 1, 2006, when the fund started. The chart shows how the value of your investment would have changed, and also shows how the S&P 500 Index performed over the same period.

ffi1219681

Annual Report

Fidelity Advisor Freedom® 2055 Fund - Institutional Class

Performance: The Bottom Line

Average Annual Total Returns

Periods ended March 31, 2014	Past 1 year	Life of fund ^A
Institutional Class	15.61%	9.35%

^A From June 1, 2011.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity Advisor Freedom 2055 Fund - Institutional Class on June 1, 2011, when the fund started. The chart shows how the value of your investment would have changed, and also shows how the S&P 500 Index performed over the same period.

ffi1219683

Annual Report

Management's Discussion of Fund Performance

Comments from Chris Sharpe and Andrew Dierdorf, Co-Portfolio Managers of Fidelity Advisor Freedom Funds®: On an absolute basis, the Institutional Class shares of each Advisor Freedom Fund posted a positive return (excluding sales charges) for the 12 months ending March 31, 2014. The longer-dated Funds delivered the highest absolute returns; however, on a relative basis, each Fund lagged its respective Composite index. The Funds' U.S. equity holdings, in aggregate, finished behind the 22.58% return of their asset-class benchmark, the Dow Jones U.S. Total Stock Market Index^SM. An out-of-benchmark allocation to Fidelity® Series Commodity Strategy Fund hurt relative results. Other notable detractors included Fidelity Advisor® Series Equity-Income Fund and Fidelity Advisor® Series Stock Selector Large Cap Value Fund. On the positive side, the growth-oriented Fidelity Advisor Equity Growth Fund and Fidelity Advisor Series Opportunistic Insights Fund were among the leading contributors. The Funds' non-U.S. holdings, in aggregate, also underperformed their asset-class benchmark. Fidelity® Series Emerging Markets Fund was the biggest detractor; Fidelity Series International Growth Fund also hurt. Fidelity Series International Small Cap Fund helped. Note: On January 1, 2014, the non-U.S. equity asset-class benchmark was changed from the MSCI EAFE Index to the MSCI ACWI (All Country World Index) ex USA Index, which includes exposure to emerging markets. In bonds, the Funds' underlying investments, in aggregate, exceeded the slightly negative result for the fixed-income asset-class benchmark, the Barclays® U.S. Aggregate Bond Index. Here, the Funds' allocation to Fidelity Series Investment Grade Bond Fund helped, as did allocations to Fidelity Series High Income Fund, Fidelity Series Floating Rate High Income Fund and Fidelity Series Real Estate Income Fund. Conversely, the Funds' investments in Fidelity Series Emerging Markets Debt Fund and Fidelity Series Inflation-Protected Bond Index Fund detracted.

Annual Report

Shareholder Expense Example

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (October 1, 2013 to March 31, 2014).

Actual Expenses

Hypothetical Example for Comparison Purposes

	Annualized Expense Ratio ^B	Beginning Account Value October 1, 2013	Ending Account Value March 31, 2014	Expenses Paid During Period* October 1, 2013 to March 31, 2014
Advisor Freedom Income
Class A	.25%
Actual		$ 1,000.00	$ 1,031.30	$ 1.27
Hypothetical^A		$ 1,000.00	$ 1,023.68	$ 1.26
Class T	.50%
Actual		$ 1,000.00	$ 1,030.10	$ 2.53
Hypothetical^A		$ 1,000.00	$ 1,022.44	$ 2.52
Class B	1.00%
Actual		$ 1,000.00	$ 1,027.30	$ 5.05
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Class C	1.00%
Actual		$ 1,000.00	$ 1,026.60	$ 5.05
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,032.50	$ .00
Hypothetical^A		$ 1,000.00	$ 1,024.93	$ .00
	Annualized Expense Ratio ^B	Beginning Account Value October 1, 2013	Ending Account Value March 31, 2014	Expenses Paid During Period* October 1, 2013 to March 31, 2014
Advisor Freedom 2005
Class A	.25%
Actual		$ 1,000.00	$ 1,041.30	$ 1.27
Hypothetical^A		$ 1,000.00	$ 1,023.68	$ 1.26
Class T	.50%
Actual		$ 1,000.00	$ 1,039.80	$ 2.54
Hypothetical^A		$ 1,000.00	$ 1,022.44	$ 2.52
Class B	1.00%
Actual		$ 1,000.00	$ 1,038.10	$ 5.08
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Class C	1.00%
Actual		$ 1,000.00	$ 1,037.80	$ 5.08
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,043.00	$ .00
Hypothetical^A		$ 1,000.00	$ 1,024.93	$ .00
Advisor Freedom 2010
Class A	.25%
Actual		$ 1,000.00	$ 1,050.50	$ 1.28
Hypothetical^A		$ 1,000.00	$ 1,023.68	$ 1.26
Class T	.50%
Actual		$ 1,000.00	$ 1,048.80	$ 2.55
Hypothetical^A		$ 1,000.00	$ 1,022.44	$ 2.52
Class B	1.00%
Actual		$ 1,000.00	$ 1,045.70	$ 5.10
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Class C	1.00%
Actual		$ 1,000.00	$ 1,045.80	$ 5.10
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,051.50	$ .00
Hypothetical^A		$ 1,000.00	$ 1,024.93	$ .00
Advisor Freedom 2015
Class A	.25%
Actual		$ 1,000.00	$ 1,054.60	$ 1.28
Hypothetical^A		$ 1,000.00	$ 1,023.68	$ 1.26
Class T	.50%
Actual		$ 1,000.00	$ 1,053.60	$ 2.56
Hypothetical^A		$ 1,000.00	$ 1,022.44	$ 2.52
Class B	1.00%
Actual		$ 1,000.00	$ 1,050.50	$ 5.11
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Class C	1.00%
Actual		$ 1,000.00	$ 1,051.00	$ 5.11
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,056.20	$ .00
Hypothetical^A		$ 1,000.00	$ 1,024.93	$ .00
	Annualized Expense Ratio ^B	Beginning Account Value October 1, 2013	Ending Account Value March 31, 2014	Expenses Paid During Period* October 1, 2013 to March 31, 2014
Advisor Freedom 2020
Class A	.25%
Actual		$ 1,000.00	$ 1,058.70	$ 1.28
Hypothetical^A		$ 1,000.00	$ 1,023.68	$ 1.26
Class T	.50%
Actual		$ 1,000.00	$ 1,057.50	$ 2.56
Hypothetical^A		$ 1,000.00	$ 1,022.44	$ 2.52
Class B	1.00%
Actual		$ 1,000.00	$ 1,054.30	$ 5.12
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Class C	1.00%
Actual		$ 1,000.00	$ 1,055.00	$ 5.12
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,060.20	$ .00
Hypothetical^A		$ 1,000.00	$ 1,024.93	$ .00
Advisor Freedom 2025
Class A	.25%
Actual		$ 1,000.00	$ 1,067.50	$ 1.29
Hypothetical^A		$ 1,000.00	$ 1,023.68	$ 1.26
Class T	.50%
Actual		$ 1,000.00	$ 1,066.40	$ 2.58
Hypothetical^A		$ 1,000.00	$ 1,022.44	$ 2.52
Class B	1.00%
Actual		$ 1,000.00	$ 1,063.70	$ 5.15
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Class C	1.00%
Actual		$ 1,000.00	$ 1,064.30	$ 5.15
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,068.90	$ .00
Hypothetical^A		$ 1,000.00	$ 1,024.93	$ .00
Advisor Freedom 2030
Class A	.25%
Actual		$ 1,000.00	$ 1,073.20	$ 1.29
Hypothetical^A		$ 1,000.00	$ 1,023.68	$ 1.26
Class T	.50%
Actual		$ 1,000.00	$ 1,071.60	$ 2.58
Hypothetical^A		$ 1,000.00	$ 1,022.44	$ 2.52
Class B	1.00%
Actual		$ 1,000.00	$ 1,068.70	$ 5.16
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Class C	1.00%
Actual		$ 1,000.00	$ 1,069.20	$ 5.16
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,074.80	$ .00
Hypothetical^A		$ 1,000.00	$ 1,024.93	$ .00
	Annualized Expense Ratio ^B	Beginning Account Value October 1, 2013	Ending Account Value March 31, 2014	Expenses Paid During Period* October 1, 2013 to March 31, 2014
Advisor Freedom 2035
Class A	.25%
Actual		$ 1,000.00	$ 1,077.60	$ 1.29
Hypothetical^A		$ 1,000.00	$ 1,023.68	$ 1.26
Class T	.50%
Actual		$ 1,000.00	$ 1,075.50	$ 2.59
Hypothetical^A		$ 1,000.00	$ 1,022.44	$ 2.52
Class B	1.00%
Actual		$ 1,000.00	$ 1,073.10	$ 5.17
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Class C	1.00%
Actual		$ 1,000.00	$ 1,072.60	$ 5.17
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,078.30	$ .00
Hypothetical^A		$ 1,000.00	$ 1,024.93	$ .00
Advisor Freedom 2040
Class A	.25%
Actual		$ 1,000.00	$ 1,077.70	$ 1.30
Hypothetical^A		$ 1,000.00	$ 1,023.68	$ 1.26
Class T	.50%
Actual		$ 1,000.00	$ 1,076.00	$ 2.59
Hypothetical^A		$ 1,000.00	$ 1,022.44	$ 2.52
Class B	1.00%
Actual		$ 1,000.00	$ 1,073.40	$ 5.17
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Class C	1.00%
Actual		$ 1,000.00	$ 1,074.00	$ 5.17
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,079.20	$ .00
Hypothetical^A		$ 1,000.00	$ 1,024.93	$ .00
Advisor Freedom 2045
Class A	.25%
Actual		$ 1,000.00	$ 1,078.30	$ 1.30
Hypothetical^A		$ 1,000.00	$ 1,023.68	$ 1.26
Class T	.50%
Actual		$ 1,000.00	$ 1,078.00	$ 2.59
Hypothetical^A		$ 1,000.00	$ 1,022.44	$ 2.52
Class B	1.00%
Actual		$ 1,000.00	$ 1,074.90	$ 5.17
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Class C	1.00%
Actual		$ 1,000.00	$ 1,074.90	$ 5.17
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,080.80	$ .00
Hypothetical^A		$ 1,000.00	$ 1,024.93	$ .00
	Annualized Expense Ratio ^B	Beginning Account Value October 1, 2013	Ending Account Value March 31, 2014	Expenses Paid During Period* October 1, 2013 to March 31, 2014
Advisor Freedom 2050
Class A	.25%
Actual		$ 1,000.00	$ 1,079.50	$ 1.30
Hypothetical^A		$ 1,000.00	$ 1,023.68	$ 1.26
Class T	.50%
Actual		$ 1,000.00	$ 1,078.00	$ 2.59
Hypothetical^A		$ 1,000.00	$ 1,022.44	$ 2.52
Class B	1.00%
Actual		$ 1,000.00	$ 1,074.90	$ 5.17
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Class C	1.00%
Actual		$ 1,000.00	$ 1,075.90	$ 5.18
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,080.90	$ .00
Hypothetical^A		$ 1,000.00	$ 1,024.93	$ .00
Advisor Freedom 2055
Class A	.25%
Actual		$ 1,000.00	$ 1,080.70	$ 1.30
Hypothetical^A		$ 1,000.00	$ 1,023.68	$ 1.26
Class T	.50%
Actual		$ 1,000.00	$ 1,078.60	$ 2.59
Hypothetical^A		$ 1,000.00	$ 1,022.44	$ 2.52
Class C	1.00%
Actual		$ 1,000.00	$ 1,076.10	$ 5.18
Hypothetical^A		$ 1,000.00	$ 1,019.95	$ 5.04
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,081.00	$ .00
Hypothetical^A		$ 1,000.00	$ 1,024.93	$ .00

^A 5% return per year before expenses

^B Annualized expense ratio reflects expenses net of applicable fee waivers.

Annual Report

Fidelity Advisor Freedom Income Fund

Investment Changes (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of March 31, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Domestic Equity Funds
Fidelity Advisor Equity Growth Fund Institutional Class	1.5	1.9
Fidelity Advisor Series Equity-Income Fund	2.9	1.3
Fidelity Advisor Series Growth & Income Fund	2.3	1.3
Fidelity Advisor Series Growth Opportunities Fund	1.4	0.0
Fidelity Advisor Series Opportunistic Insights Fund	1.3	1.0
Fidelity Advisor Series Small Cap Fund	0.8	0.0
Fidelity Advisor Series Stock Selector Large Cap Value Fund	1.9	1.3
Fidelity Series 100 Index Fund	0.8	0.3
Fidelity Series 1000 Value Index Fund	0.3	0.0
Fidelity Series All-Sector Equity Fund	1.9	2.3
Fidelity Series Commodity Strategy Fund	1.1	1.9
Fidelity Series Real Estate Equity Fund	0.2	0.2
Fidelity Series Small Cap Opportunities Fund	1.0	0.8
Fidelity Advisor Large Cap Fund Institutional Class	0.0	0.9
Fidelity Advisor Small Cap Fund Institutional Class	0.0	0.7
Fidelity Series Large Cap Value Fund	0.0	1.2
	17.4	15.1
International Equity Funds
Fidelity Series Emerging Markets Fund	1.5	1.2
Fidelity Series International Growth Fund	2.6	2.0
Fidelity Series International Small Cap Fund	0.6	0.4
Fidelity Series International Value Fund	2.5	2.1
	7.2	5.7
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.5	0.5
Fidelity Series Floating Rate High Income Fund	1.2	1.1
Fidelity Series High Income Fund	5.0	4.9
Fidelity Series Inflation-Protected Bond Index Fund	2.7	11.1
Fidelity Series Investment Grade Bond Fund	35.9	21.6
Fidelity Series Real Estate Income Fund	0.4	0.4
	45.7	39.6
Short-Term Funds
Fidelity Advisor Short Fixed-Income Fund Institutional Class	13.4	17.8
Fidelity Institutional Money Market Portfolio Institutional Class	16.3	21.8
	29.7	39.6
Net Other Assets (Liabilities)*	0.0	0.0
	100.0	100.0

* Amount represents less than 0.1%

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds**	17.4%
	International Equity Funds	7.2%
	Bond Funds	45.7%
	Short-Term Funds	29.7%

ffi1219693

Six months ago
	Domestic Equity Funds**	15.1%
	International Equity Funds	5.7%
	Bond Funds	39.6%
	Short-Term Funds	39.6%

ffi1219700

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Annual Report

Fidelity Advisor Freedom Income Fund

Investments March 31, 2014

Showing Percentage of Net Assets

Domestic Equity Funds - 17.4%
	Shares		Value
Fidelity Advisor Equity Growth Fund Institutional Class (a)(c)	47,144		$ 4,369,329
Fidelity Advisor Series Equity-Income Fund (c)	671,445		8,419,925
Fidelity Advisor Series Growth & Income Fund (c)	497,155		6,522,670
Fidelity Advisor Series Growth Opportunities Fund (c)	387,083		4,134,051
Fidelity Advisor Series Opportunistic Insights Fund (c)	270,527		3,784,677
Fidelity Advisor Series Small Cap Fund (c)	222,047		2,344,812
Fidelity Advisor Series Stock Selector Large Cap Value Fund (c)	429,442		5,436,742
Fidelity Series 100 Index Fund (c)	199,410		2,426,817
Fidelity Series 1000 Value Index Fund (c)	92,129		983,936
Fidelity Series All-Sector Equity Fund (c)	390,384		5,512,223
Fidelity Series Commodity Strategy Fund (a)(c)	367,846		3,108,298
Fidelity Series Real Estate Equity Fund (c)	45,820		591,989
Fidelity Series Small Cap Opportunities Fund (c)	205,023		2,782,159
TOTAL DOMESTIC EQUITY FUNDS (Cost $41,032,636)		50,417,628
International Equity Funds - 7.2%

Fidelity Series Emerging Markets Fund (c)	260,040		4,459,691
Fidelity Series International Growth Fund (c)	530,057		7,505,601
Fidelity Series International Small Cap Fund (c)	107,933		1,747,432
Fidelity Series International Value Fund (c)	654,337		7,276,232
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $16,857,741)		20,988,956
Bond Funds - 45.7%
	Shares		Value
Fidelity Series Emerging Markets Debt Fund (c)	133,489		$ 1,361,591
Fidelity Series Floating Rate High Income Fund (c)	323,797		3,386,915
Fidelity Series High Income Fund (c)	1,388,046		14,699,403
Fidelity Series Inflation-Protected Bond Index Fund (c)	815,177		8,029,494
Fidelity Series Investment Grade Bond Fund (c)	9,244,855		104,097,064
Fidelity Series Real Estate Income Fund (c)	95,359		1,075,648
TOTAL BOND FUNDS (Cost $129,848,407)		132,650,115
Short-Term Funds - 29.7%

Fidelity Advisor Short Fixed-Income Fund Institutional Class (c)	4,146,787		38,772,455
Fidelity Institutional Money Market Portfolio Institutional Class 0.09% (b)(c)	47,424,506		47,424,506
TOTAL SHORT-TERM FUNDS (Cost $85,373,557)		86,196,961
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $273,112,341)			290,253,660
NET OTHER ASSETS (LIABILITIES) - 0.0%			(67,612)
NET ASSETS - 100%		$ 290,186,048

Legend

(a) Non-income producing

(b) The rate quoted is the annualized seven-day yield of the fund at period end.

Affiliated Underlying Funds

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Equity Growth Fund Institutional Class	$ 5,710,077	$ 317,534	$ 3,062,949	$ -	$ 4,369,329
Fidelity Advisor Growth & Income Fund Institutional Class	3,030,254	42,439	3,331,738	-	-
Fidelity Advisor Large Cap Fund Institutional Class	3,065,549	69,172	3,679,715	-	-
Fidelity Advisor Series Equity-Income Fund	4,217,999	6,934,937	3,386,004	104,531	8,419,925
Fidelity Advisor Series Growth & Income Fund (formerly Fidelity Advisor Series Mega Cap Fund)	944,641	8,264,590	3,318,929	40,680	6,522,670
Fidelity Advisor Series Growth Opportunities Fund	-	4,394,436	540,615	1,671	4,134,051
Fidelity Advisor Series Opportunistic Insights Fund	2,977,939	1,265,653	1,220,124	-	3,784,677
Fidelity Advisor Series Small Cap Fund	-	2,515,145	303,186	1,839	2,344,812
Fidelity Advisor Series Stock Selector Large Cap Value Fund	4,236,726	2,060,182	1,416,129	43,845	5,436,742
Fidelity Advisor Short Fixed-Income Fund Institutional Class	58,469,712	4,806,053	24,425,530	402,263	38,772,455
Fidelity Advisor Small Cap Fund Institutional Class	2,340,665	146,493	2,845,340	-	-
Fidelity Institutional Money Market Portfolio Institutional Class	71,120,992	5,593,013	29,289,501	61,974	47,424,506
Fidelity Series 100 Index Fund	930,494	1,608,468	329,753	29,410	2,426,817
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Series 1000 Value Index Fund	$ -	$ 990,644	$ 69,293	$ 3,813	$ 983,936
Fidelity Series All-Sector Equity Fund	7,623,707	923,870	3,841,241	50,564	5,512,223
Fidelity Series Commodity Strategy Fund	6,348,249	1,340,584	4,266,492	-	3,108,298
Fidelity Series Emerging Markets Debt Fund	1,617,547	206,463	359,139	78,481	1,361,591
Fidelity Series Emerging Markets Fund	3,933,471	1,394,569	955,901	44,965	4,459,691
Fidelity Series Floating Rate High Income Fund	3,606,153	519,415	682,951	151,382	3,386,915
Fidelity Series High Income Fund	16,077,152	2,036,629	3,512,106	810,971	14,699,403
Fidelity Series Inflation-Protected Bond Index Fund	37,364,057	2,911,029	29,678,713	7,288	8,029,494
Fidelity Series International Growth Fund	6,557,246	2,236,542	2,008,774	52,025	7,505,601
Fidelity Series International Small Cap Fund	1,343,743	616,175	439,496	13,843	1,747,432
Fidelity Series International Value Fund	6,535,805	3,564,909	3,646,756	160,023	7,276,232
Fidelity Series Investment Grade Bond Fund	70,566,759	52,068,111	17,093,012	1,993,310	104,097,064
Fidelity Series Large Cap Value Fund	4,366,121	2,209,566	6,032,788	55,790	-
Fidelity Series Real Estate Equity Fund	651,607	95,855	148,850	9,081	591,989
Fidelity Series Real Estate Income Fund	1,201,698	170,920	257,386	61,483	1,075,648
Fidelity Series Small Cap Opportunities Fund	2,720,966	1,206,119	1,425,326	638	2,782,159
Total	$ 327,559,329	$ 110,509,515	$ 151,567,737	$ 4,179,870	$ 290,253,660

Other Information

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom Income Fund

Financial Statements

Statement of Assets and Liabilities

	March 31, 2014

Assets
Investment in securities, at value (cost $273,112,341) - See accompanying schedule		$ 290,253,660
Receivable for investments sold		871,075
Receivable for fund shares sold		393,232
Total assets		291,517,967

Liabilities
Payable for investments purchased	$ 666,323
Payable for fund shares redeemed	598,167
Distribution and service plan fees payable	67,429
Total liabilities		1,331,919

Net Assets		$ 290,186,048
Net Assets consist of:
Paid in capital		$ 268,306,836
Undistributed net investment income		341,248
Accumulated undistributed net realized gain (loss) on investments		4,396,645
Net unrealized appreciation (depreciation) on investments		17,141,319
Net Assets		$ 290,186,048

Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($147,817,614 ÷ 13,199,844 shares)		$ 11.20

Maximum offering price per share (100/94.25 of $11.20)		$ 11.88
Class T: Net Asset Value and redemption price per share ($53,019,056 ÷ 4,738,880 shares)		$ 11.19

Maximum offering price per share (100/96.50 of $11.19)		$ 11.60
Class B: Net Asset Value and offering price per share ($1,681,353 ÷ 150,356 shares)^A		$ 11.18

Class C: Net Asset Value and offering price per share ($15,734,693 ÷ 1,408,340 shares)^A		$ 11.17

Institutional Class: Net Asset Value, offering price and redemption price per share ($71,933,332 ÷ 6,406,719 shares)		$ 11.23

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

	Year ended March 31, 2014

Investment Income
Income distributions from underlying funds		$ 4,179,870

Expenses
Distribution and service plan fees	$ 851,153
Independent trustees' compensation	1,188
Total expenses before reductions	852,341
Expense reductions	(1,188)	851,153
Net investment income (loss)		3,328,717
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	5,952,496
Capital gain distributions from underlying funds	3,580,795
Total net realized gain (loss)		9,533,291
Change in net unrealized appreciation (depreciation) on underlying funds		(2,199,958)
Net gain (loss)		7,333,333
Net increase (decrease) in net assets resulting from operations		$ 10,662,050

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom Income Fund
Financial Statements - continued

Statement of Changes in Net Assets

	Year ended March 31, 2014	Year ended March 31, 2013
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 3,328,717	$ 3,306,001
Net realized gain (loss)	9,533,291	6,963,470
Change in net unrealized appreciation (depreciation)	(2,199,958)	3,721,536
Net increase (decrease) in net assets resulting from operations	10,662,050	13,991,007
Distributions to shareholders from net investment income	(3,238,481)	(3,274,495)
Distributions to shareholders from net realized gain	(8,061,375)	(4,055,113)
Total distributions	(11,299,856)	(7,329,608)
Share transactions - net increase (decrease)	(36,661,667)	17,611,622
Total increase (decrease) in net assets	(37,299,473)	24,273,021

Net Assets
Beginning of period	327,485,521	303,212,500
End of period (including undistributed net investment income of $341,248 and undistributed net investment income of $251,012, respectively)	$ 290,186,048	$ 327,485,521

Financial Highlights - Class A

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.21	$ 10.98	$ 10.85	$ 10.35	$ 8.74
Income from Investment Operations
Net investment income (loss) ^C	.12	.12	.15	.16	.22
Net realized and unrealized gain (loss)	.28	.37	.21	.57	1.66
Total from investment operations	.40	.49	.36	.73	1.88
Distributions from net investment income	(.12)	(.12)	(.15)	(.16)	(.22)
Distributions from net realized gain	(.29)	(.14)	(.08)	(.07)	(.06)
Total distributions	(.41)	(.26)	(.23)	(.23)	(.27)^F
Net asset value, end of period	$ 11.20	$ 11.21	$ 10.98	$ 10.85	$ 10.35
Total Return^A,B	3.65%	4.53%	3.34%	7.11%	21.74%
Ratios to Average Net Assets^D,E
Expenses before reductions	.25%	.25%	.25%	.25%	.25%
Expenses net of fee waivers, if any	.25%	.25%	.25%	.25%	.25%
Expenses net of all reductions	.25%	.25%	.25%	.25%	.25%
Net investment income (loss)	1.10%	1.08%	1.37%	1.48%	2.19%
Supplemental Data
Net assets, end of period (000 omitted)	$ 147,818	$ 176,876	$ 166,658	$ 157,695	$ 142,691
Portfolio turnover rate ^D	36%	17%	24%	35%	31%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the sales charges.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.27 per share is comprised of distributions from net investment income of $.217 and distributions from net realized gain of $.056 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Class T

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.20	$ 10.96	$ 10.84	$ 10.34	$ 8.73
Income from Investment Operations
Net investment income (loss) ^C	.09	.09	.12	.13	.19
Net realized and unrealized gain (loss)	.28	.38	.20	.57	1.67
Total from investment operations	.37	.47	.32	.70	1.86
Distributions from net investment income	(.09)	(.09)	(.12)	(.13)	(.19)
Distributions from net realized gain	(.29)	(.14)	(.08)	(.07)	(.06)
Total distributions	(.38)	(.23)	(.20)	(.20)	(.25)^F
Net asset value, end of period	$ 11.19	$ 11.20	$ 10.96	$ 10.84	$ 10.34
Total Return^A,B	3.40%	4.35%	3.01%	6.85%	21.47%
Ratios to Average Net Assets^D,E
Expenses before reductions	.50%	.50%	.50%	.50%	.50%
Expenses net of fee waivers, if any	.50%	.50%	.50%	.50%	.50%
Expenses net of all reductions	.50%	.50%	.50%	.50%	.50%
Net investment income (loss)	.85%	.83%	1.12%	1.23%	1.94%
Supplemental Data
Net assets, end of period (000 omitted)	$ 53,019	$ 53,734	$ 56,246	$ 57,404	$ 52,047
Portfolio turnover rate ^D	36%	17%	24%	35%	31%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the sales charges.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.25 per share is comprised of distributions from net investment income of $.193 and distributions from net realized gain of $.056 per share.

Financial Highlights - Class B

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.19	$ 10.96	$ 10.84	$ 10.33	$ 8.72
Income from Investment Operations
Net investment income (loss) ^C	.04	.04	.07	.08	.14
Net realized and unrealized gain (loss)	.28	.37	.19	.58	1.67
Total from investment operations	.32	.41	.26	.66	1.81
Distributions from net investment income	(.04)	(.04)	(.07)	(.08)	(.14)
Distributions from net realized gain	(.29)	(.14)	(.08)	(.07)	(.06)
Total distributions	(.33)	(.18)	(.14)^G	(.15)	(.20)^F
Net asset value, end of period	$ 11.18	$ 11.19	$ 10.96	$ 10.84	$ 10.33
Total Return^A,B	2.86%	3.80%	2.47%	6.39%	20.86%
Ratios to Average Net Assets^D,E
Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.35%	.33%	.62%	.73%	1.44%
Supplemental Data
Net assets, end of period (000 omitted)	$ 1,681	$ 2,294	$ 2,889	$ 3,938	$ 5,319
Portfolio turnover rate ^D	36%	17%	24%	35%	31%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the contingent deferred sales charge.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.20 per share is comprised of distributions from net investment income of $.142 and distributions from net realized gain of $.056 per share.

^G Total distributions of $.14 per share is comprised of distributions from net investment income of $.065 and distributions from net realized gain of $.079 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Class C

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.18	$ 10.96	$ 10.84	$ 10.33	$ 8.72
Income from Investment Operations
Net investment income (loss) ^C	.04	.04	.07	.08	.14
Net realized and unrealized gain (loss)	.28	.36	.20	.58	1.67
Total from investment operations	.32	.40	.27	.66	1.81
Distributions from net investment income	(.04)	(.04)	(.07)	(.08)	(.14)
Distributions from net realized gain	(.29)	(.14)	(.08)	(.07)	(.06)
Total distributions	(.33)	(.18)	(.15)	(.15)	(.20)^F
Net asset value, end of period	$ 11.17	$ 11.18	$ 10.96	$ 10.84	$ 10.33
Total Return^A,B	2.89%	3.70%	2.50%	6.42%	20.83%
Ratios to Average Net Assets^D,E
Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.35%	.33%	.62%	.73%	1.44%
Supplemental Data
Net assets, end of period (000 omitted)	$ 15,735	$ 16,606	$ 17,170	$ 16,581	$ 14,697
Portfolio turnover rate ^D	36%	17%	24%	35%	31%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the contingent deferred sales charge.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.20 per share is comprised of distributions from net investment income of $.140 and distributions from net realized gain of $.056 per share.

Financial Highlights - Institutional Class

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.23	$ 11.00	$ 10.87	$ 10.37	$ 8.75
Income from Investment Operations
Net investment income (loss) ^B	.15	.15	.18	.18	.24
Net realized and unrealized gain (loss)	.29	.37	.20	.57	1.68
Total from investment operations	.44	.52	.38	.75	1.92
Distributions from net investment income	(.15)	(.14)	(.17)	(.19)	(.24)
Distributions from net realized gain	(.29)	(.14)	(.08)	(.07)	(.06)
Total distributions	(.44)	(.29)^H	(.25)	(.25)^G	(.30)^F
Net asset value, end of period	$ 11.23	$ 11.23	$ 11.00	$ 10.87	$ 10.37
Total Return^A	3.98%	4.75%	3.58%	7.36%	22.16%
Ratios to Average Net Assets^C,E
Expenses before reductions ^D	.00%	.00%	.00%	.00%	.00%
Expenses net of fee waivers, if any	.00%	.00%	.00%	.00%	.00%
Expenses net of all reductions	.00%	.00%	.00%	.00%	.00%
Net investment income (loss)	1.35%	1.33%	1.62%	1.73%	2.44%
Supplemental Data
Net assets, end of period (000 omitted)	$ 71,933	$ 77,976	$ 60,248	$ 32,640	$ 18,137
Portfolio turnover rate ^C	36%	17%	24%	35%	31%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Calculated based on average shares outstanding during the period.

^C Amounts do not include the activity of the Underlying Funds.

^D Amount represents less than .01%.

^F Total distributions of $.30 per share is comprised of distributions from net investment income of $.243 and distributions from net realized gain of $.056 per share.

^G Total distributions of $.25 per share is comprised of distributions from net investment income of $.186 and distributions from net realized gain of $.067 per share.

^H Total distributions of $.29 per share is comprised of distributions from net investment income of $.144 and distributions from net realized gain of $.141 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2005 Fund

Investment Changes (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of March 31, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Domestic Equity Funds
Fidelity Advisor Equity Growth Fund Institutional Class	2.4	3.0
Fidelity Advisor Series Equity-Income Fund	5.1	2.0
Fidelity Advisor Series Growth & Income Fund	3.5	2.0
Fidelity Advisor Series Growth Opportunities Fund	2.4	0.0
Fidelity Advisor Series Opportunistic Insights Fund	2.2	1.6
Fidelity Advisor Series Small Cap Fund	1.4	0.0
Fidelity Advisor Series Stock Selector Large Cap Value Fund	3.4	2.0
Fidelity Series 100 Index Fund	1.4	0.5
Fidelity Series 1000 Value Index Fund	0.6	0.0
Fidelity Series All-Sector Equity Fund	3.3	3.8
Fidelity Series Commodity Strategy Fund	1.2	3.5
Fidelity Series Real Estate Equity Fund	0.4	0.3
Fidelity Series Small Cap Opportunities Fund	1.6	1.4
Fidelity Advisor Large Cap Fund Institutional Class	0.0	1.5
Fidelity Advisor Small Cap Fund Institutional Class	0.0	1.2
Fidelity Series Large Cap Value Fund	0.0	2.0
	28.9	24.8
International Equity Funds
Fidelity Series Emerging Markets Fund	2.5	2.0
Fidelity Series International Growth Fund	4.2	3.3
Fidelity Series International Small Cap Fund	1.0	0.7
Fidelity Series International Value Fund	4.3	3.3
	12.0	9.3
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.6	0.6
Fidelity Series Floating Rate High Income Fund	1.1	1.1
Fidelity Series High Income Fund	5.4	4.8
Fidelity Series Inflation-Protected Bond Index Fund	2.1	8.9
Fidelity Series Investment Grade Bond Fund	30.0	17.9
Fidelity Series Real Estate Income Fund	0.5	0.5
	39.7	33.8
Short-Term Funds
Fidelity Advisor Short Fixed-Income Fund Institutional Class	8.6	14.5
Fidelity Institutional Money Market Portfolio Institutional Class	10.8	17.6
	19.4	32.1
Net Other Assets (Liabilities)*	0.0	0.0
	100.0	100.0

* Amount represents less than 0.1%

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds**	28.9%
	International Equity Funds	12.0%
	Bond Funds	39.7%
	Short-Term Funds	19.4%

ffi1219708

Six months ago
	Domestic Equity Funds**	24.8%
	International Equity Funds	9.3%
	Bond Funds	33.8%
	Short-Term Funds	32.1%

ffi1219714

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Annual Report

Fidelity Advisor Freedom 2005 Fund

Investments March 31, 2014

Showing Percentage of Net Assets

Domestic Equity Funds - 28.9%
	Shares		Value
Fidelity Advisor Equity Growth Fund Institutional Class (a)(c)	77,671		$ 7,198,520
Fidelity Advisor Series Equity-Income Fund (c)	1,200,962		15,060,068
Fidelity Advisor Series Growth & Income Fund (c)	792,232		10,394,081
Fidelity Advisor Series Growth Opportunities Fund (c)	669,930		7,154,850
Fidelity Advisor Series Opportunistic Insights Fund (c)	462,899		6,475,954
Fidelity Advisor Series Small Cap Fund (c)	381,217		4,025,656
Fidelity Advisor Series Stock Selector Large Cap Value Fund (c)	783,411		9,917,977
Fidelity Series 100 Index Fund (c)	345,212		4,201,227
Fidelity Series 1000 Value Index Fund (c)	159,141		1,699,627
Fidelity Series All-Sector Equity Fund (c)	688,679		9,724,154
Fidelity Series Commodity Strategy Fund (a)(c)	423,409		3,577,803
Fidelity Series Real Estate Equity Fund (c)	87,304		1,127,969
Fidelity Series Small Cap Opportunities Fund (c)	351,159		4,765,222
TOTAL DOMESTIC EQUITY FUNDS (Cost $71,286,500)		85,323,108
International Equity Funds - 12.0%

Fidelity Series Emerging Markets Fund (c)	426,942		7,322,048
Fidelity Series International Growth Fund (c)	881,595		12,483,392
Fidelity Series International Small Cap Fund (c)	177,318		2,870,780
Fidelity Series International Value Fund (c)	1,138,340		12,658,344
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $28,867,696)		35,334,564
Bond Funds - 39.7%
	Shares		Value
Fidelity Series Emerging Markets Debt Fund (c)	168,386		$ 1,717,539
Fidelity Series Floating Rate High Income Fund (c)	324,497		3,394,235
Fidelity Series High Income Fund (c)	1,504,082		15,928,232
Fidelity Series Inflation-Protected Bond Index Fund (c)	623,391		6,140,401
Fidelity Series Investment Grade Bond Fund (c)	7,844,916		88,333,757
Fidelity Series Real Estate Income Fund (c)	119,579		1,348,853
TOTAL BOND FUNDS (Cost $114,852,048)		116,863,017
Short-Term Funds - 19.4%

Fidelity Advisor Short Fixed-Income Fund Institutional Class (c)	2,719,698		25,429,176
Fidelity Institutional Money Market Portfolio Institutional Class 0.09% (b)(c)	31,651,439		31,651,439
TOTAL SHORT-TERM FUNDS (Cost $56,553,113)		57,080,615
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $271,559,357)			294,601,304
NET OTHER ASSETS (LIABILITIES) - 0.0%			(60,167)
NET ASSETS - 100%		$ 294,541,137

Legend

(a) Non-income producing

(b) The rate quoted is the annualized seven-day yield of the fund at period end.

Affiliated Underlying Funds

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Equity Growth Fund Institutional Class	$ 9,259,781	$ 862,025	$ 5,194,586	$ -	$ 7,198,520
Fidelity Advisor Growth & Income Fund Institutional Class	4,932,891	199,148	5,560,081	-	-
Fidelity Advisor Large Cap Fund Institutional Class	4,939,271	290,298	6,093,574	-	-
Fidelity Advisor Series Equity-Income Fund	6,678,206	12,388,968	5,083,678	166,469	15,060,068
Fidelity Advisor Series Growth & Income Fund (formerly Fidelity Advisor Series Mega Cap Fund)	1,486,283	10,986,617	3,019,189	63,041	10,394,081
Fidelity Advisor Series Growth Opportunities Fund	-	7,131,014	438,564	2,636	7,154,850
Fidelity Advisor Series Opportunistic Insights Fund	4,718,776	3,021,391	2,493,945	-	6,475,954
Fidelity Advisor Series Small Cap Fund	-	4,174,908	372,780	2,992	4,025,656
Fidelity Advisor Series Stock Selector Large Cap Value Fund	6,717,864	4,918,177	2,591,712	79,711	9,917,977
Fidelity Advisor Short Fixed-Income Fund Institutional Class	42,520,470	7,528,770	24,578,176	295,151	25,429,176
Fidelity Advisor Small Cap Fund Institutional Class	3,791,219	301,071	4,664,672	-	-
Fidelity Institutional Money Market Portfolio Institutional Class	51,920,042	8,764,776	29,033,378	45,858	31,651,439
Fidelity Series 100 Index Fund	1,544,268	2,997,451	675,313	49,131	4,201,227
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Series 1000 Value Index Fund	$ -	$ 1,716,729	$ 116,922	$ 6,160	$ 1,699,627
Fidelity Series All-Sector Equity Fund	12,345,820	2,385,507	6,312,716	81,822	9,724,154
Fidelity Series Commodity Strategy Fund	11,606,286	2,120,155	9,263,831	-	3,577,803
Fidelity Series Emerging Markets Debt Fund	1,922,638	303,888	387,086	96,082	1,717,539
Fidelity Series Emerging Markets Fund	6,352,622	2,335,470	1,506,744	71,062	7,322,048
Fidelity Series Floating Rate High Income Fund	3,388,054	736,407	676,771	146,790	3,394,235
Fidelity Series High Income Fund	14,966,543	4,249,888	3,416,836	799,503	15,928,232
Fidelity Series Inflation-Protected Bond Index Fund	28,253,550	3,775,425	23,968,474	5,533	6,140,401
Fidelity Series International Growth Fund	10,396,703	4,270,031	3,346,419	82,280	12,483,392
Fidelity Series International Small Cap Fund	2,144,791	1,076,977	724,025	21,889	2,870,780
Fidelity Series International Value Fund	10,285,665	6,197,045	5,130,720	253,221	12,658,344
Fidelity Series Investment Grade Bond Fund	55,981,719	49,159,722	15,724,877	1,648,570	88,333,757
Fidelity Series Large Cap Value Fund	7,189,173	3,710,984	10,078,509	87,144	-
Fidelity Series Real Estate Equity Fund	1,108,307	288,053	266,119	15,517	1,127,969
Fidelity Series Real Estate Income Fund	1,458,849	223,852	288,387	75,382	1,348,853
Fidelity Series Small Cap Opportunities Fund	4,413,628	2,071,912	2,188,688	1,037	4,765,222
Total	$ 310,323,419	$ 148,186,659	$ 173,196,772	$ 4,096,981	$ 294,601,304

Other Information

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2005 Fund

Financial Statements

Statement of Assets and Liabilities

	March 31, 2014

Assets
Investment in securities, at value (cost $271,559,357) - See accompanying schedule		$ 294,601,304
Cash		9
Receivable for investments sold		1,471,569
Receivable for fund shares sold		157,828
Total assets		296,230,710

Liabilities
Payable for investments purchased	$ 738,523
Payable for fund shares redeemed	890,959
Distribution and service plan fees payable	60,091
Total liabilities		1,689,573

Net Assets		$ 294,541,137
Net Assets consist of:
Paid in capital		$ 266,925,118
Undistributed net investment income		773,351
Accumulated undistributed net realized gain (loss) on investments		3,800,721
Net unrealized appreciation (depreciation) on investments		23,041,947
Net Assets		$ 294,541,137

Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($187,224,188 ÷ 15,381,338 shares)		$ 12.17

Maximum offering price per share (100/94.25 of $12.17)		$ 12.91
Class T: Net Asset Value and redemption price per share ($29,912,387 ÷ 2,459,077 shares)		$ 12.16

Maximum offering price per share (100/96.50 of $12.16)		$ 12.60
Class B: Net Asset Value and offering price per share ($1,059,126 ÷ 86,837 shares)^A		$ 12.20

Class C: Net Asset Value and offering price per share ($8,910,274 ÷ 734,196 shares)^A		$ 12.14

Institutional Class: Net Asset Value, offering price and redemption price per share ($67,435,162 ÷ 5,506,122 shares)		$ 12.25

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

	Year ended March 31, 2014

Investment Income
Income distributions from underlying funds		$ 4,096,981

Expenses
Distribution and service plan fees	$ 729,991
Independent trustees' compensation	1,155
Total expenses before reductions	731,146
Expense reductions	(1,155)	729,991
Net investment income (loss)		3,366,990
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	5,741,185
Capital gain distributions from underlying funds	5,003,367
Total net realized gain (loss)		10,744,552
Change in net unrealized appreciation (depreciation) on underlying funds		3,546,846
Net gain (loss)		14,291,398
Net increase (decrease) in net assets resulting from operations		$ 17,658,388

See accompanying notes which are an integral part of the financial statements.

Annual Report

Statement of Changes in Net Assets

	Year ended March 31, 2014	Year ended March 31, 2013
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 3,366,990	$ 3,323,059
Net realized gain (loss)	10,744,552	12,719,737
Change in net unrealized appreciation (depreciation)	3,546,846	462,584
Net increase (decrease) in net assets resulting from operations	17,658,388	16,505,380
Distributions to shareholders from net investment income	(3,050,354)	(3,357,002)
Distributions to shareholders from net realized gain	(7,700,556)	(1,779,655)
Total distributions	(10,750,910)	(5,136,657)
Share transactions - net increase (decrease)	(22,629,477)	26,042,535
Total increase (decrease) in net assets	(15,721,999)	37,411,258

Net Assets
Beginning of period	310,263,136	272,851,878
End of period (including undistributed net investment income of $773,351 and undistributed net investment income of $456,715, respectively)	$ 294,541,137	$ 310,263,136

Financial Highlights - Class A

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.90	$ 11.45	$ 11.45	$ 10.57	$ 8.10
Income from Investment Operations
Net investment income (loss) ^C	.13	.13	.15	.15	.20
Net realized and unrealized gain (loss)	.57	.53	.13	.97	2.53
Total from investment operations	.70	.66	.28	1.12	2.73
Distributions from net investment income	(.12)	(.13)	(.15)	(.15)	(.19)
Distributions from net realized gain	(.31)	(.07)	(.13)	(.09)	(.07)
Total distributions	(.43)	(.21)^F	(.28)	(.24)	(.26)
Net asset value, end of period	$ 12.17	$ 11.90	$ 11.45	$ 11.45	$ 10.57
Total Return^A,B	5.98%	5.79%	2.53%	10.72%	33.91%
Ratios to Average Net Assets^D,E
Expenses before reductions	.25%	.25%	.25%	.25%	.25%
Expenses net of fee waivers, if any	.25%	.25%	.25%	.25%	.25%
Expenses net of all reductions	.25%	.25%	.25%	.25%	.25%
Net investment income (loss)	1.10%	1.16%	1.37%	1.37%	2.01%
Supplemental Data
Net assets, end of period (000 omitted)	$ 187,224	$ 204,418	$ 193,977	$ 177,385	$ 155,482
Portfolio turnover rate ^D	49%	23%	28%	41%	35%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the sales charges.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.21 per share is comprised of distributions from net investment income of $.134 and distributions from net realized gain of $.071 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Class T

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.90	$ 11.45	$ 11.45	$ 10.57	$ 8.10
Income from Investment Operations
Net investment income (loss) ^C	.10	.11	.13	.12	.17
Net realized and unrealized gain (loss)	.57	.52	.12	.97	2.54
Total from investment operations	.67	.63	.25	1.09	2.71
Distributions from net investment income	(.10)	(.11)	(.12)	(.12)	(.17)
Distributions from net realized gain	(.31)	(.07)	(.13)	(.09)	(.07)
Total distributions	(.41)	(.18)	(.25)	(.21)	(.24)
Net asset value, end of period	$ 12.16	$ 11.90	$ 11.45	$ 11.45	$ 10.57
Total Return^A,B	5.68%	5.56%	2.25%	10.42%	33.61%
Ratios to Average Net Assets^D,E
Expenses before reductions	.50%	.50%	.50%	.50%	.50%
Expenses net of fee waivers, if any	.50%	.50%	.50%	.50%	.50%
Expenses net of all reductions	.50%	.50%	.50%	.50%	.50%
Net investment income (loss)	.85%	.91%	1.12%	1.12%	1.76%
Supplemental Data
Net assets, end of period (000 omitted)	$ 29,912	$ 26,201	$ 22,316	$ 21,658	$ 23,113
Portfolio turnover rate ^D	49%	23%	28%	41%	35%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the sales charges.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

Financial Highlights - Class B

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.93	$ 11.47	$ 11.45	$ 10.56	$ 8.09
Income from Investment Operations
Net investment income (loss) ^C	.04	.05	.07	.07	.12
Net realized and unrealized gain (loss)	.58	.52	.12	.97	2.53
Total from investment operations	.62	.57	.19	1.04	2.65
Distributions from net investment income	(.04)	(.04)	(.05)	(.07)	(.11)
Distributions from net realized gain	(.31)	(.07)	(.12)	(.09)	(.07)
Total distributions	(.35)	(.11)	(.17)	(.15)^F	(.18)
Net asset value, end of period	$ 12.20	$ 11.93	$ 11.47	$ 11.45	$ 10.56
Total Return^A,B	5.22%	5.00%	1.73%	9.94%	32.90%
Ratios to Average Net Assets^D,E
Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.35%	.41%	.62%	.62%	1.26%
Supplemental Data
Net assets, end of period (000 omitted)	$ 1,059	$ 1,162	$ 1,571	$ 2,338	$ 2,986
Portfolio turnover rate ^D	49%	23%	28%	41%	35%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the contingent deferred sales charge.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.15 per share is comprised of distributions from net investment income of $.065 and distributions from net realized gain of $.087 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Class C

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.87	$ 11.42	$ 11.42	$ 10.54	$ 8.08
Income from Investment Operations
Net investment income (loss) ^C	.04	.05	.07	.07	.12
Net realized and unrealized gain (loss)	.58	.52	.11	.97	2.53
Total from investment operations	.62	.57	.18	1.04	2.65
Distributions from net investment income	(.04)	(.05)	(.07)	(.07)	(.12)
Distributions from net realized gain	(.31)	(.07)	(.12)	(.09)	(.07)
Total distributions	(.35)	(.12)	(.18)^F	(.16)	(.19)
Net asset value, end of period	$ 12.14	$ 11.87	$ 11.42	$ 11.42	$ 10.54
Total Return^A,B	5.28%	5.01%	1.66%	9.91%	32.90%
Ratios to Average Net Assets^D,E
Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.35%	.41%	.62%	.62%	1.26%
Supplemental Data
Net assets, end of period (000 omitted)	$ 8,910	$ 8,118	$ 8,053	$ 8,679	$ 9,377
Portfolio turnover rate ^D	49%	23%	28%	41%	35%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the contingent deferred sales charge.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.18 per share is comprised of distributions from net investment income of $.065 and distributions from net realized gain of $.115 per share.

Financial Highlights - Institutional Class

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.97	$ 11.51	$ 11.52	$ 10.63	$ 8.14
Income from Investment Operations
Net investment income (loss) ^B	.16	.16	.18	.18	.22
Net realized and unrealized gain (loss)	.58	.53	.11	.98	2.55
Total from investment operations	.74	.69	.29	1.16	2.77
Distributions from net investment income	(.15)	(.16)	(.18)	(.18)	(.21)
Distributions from net realized gain	(.31)	(.07)	(.13)	(.09)	(.07)
Total distributions	(.46)	(.23)	(.30)^F	(.27)	(.28)
Net asset value, end of period	$ 12.25	$ 11.97	$ 11.51	$ 11.52	$ 10.63
Total Return^A	6.29%	6.11%	2.67%	11.02%	34.28%
Ratios to Average Net Assets^C,E
Expenses before reductions ^D	.00%	.00%	.00%	.00%	.00%
Expenses net of fee waivers, if any	.00%	.00%	.00%	.00%	.00%
Expenses net of all reductions	.00%	.00%	.00%	.00%	.00%
Net investment income (loss)	1.35%	1.41%	1.62%	1.62%	2.26%
Supplemental Data
Net assets, end of period (000 omitted)	$ 67,435	$ 70,364	$ 46,935	$ 35,069	$ 18,775
Portfolio turnover rate ^C	49%	23%	28%	41%	35%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Calculated based on average shares outstanding during the period.

^C Amounts do not include the activity of the Underlying Funds.

^D Amount represents less than .01%.

^F Total distributions of $.30 per share is comprised of distributions from net investment income of $.175 and distributions from net realized gain of $.128 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2010 Fund

Investment Changes (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of March 31, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Domestic Equity Funds
Fidelity Advisor Equity Growth Fund Institutional Class	3.1	4.3
Fidelity Advisor Series Equity-Income Fund	6.0	2.9
Fidelity Advisor Series Growth & Income Fund	4.7	2.8
Fidelity Advisor Series Growth Opportunities Fund	3.0	0.0
Fidelity Advisor Series Opportunistic Insights Fund	2.7	2.3
Fidelity Advisor Series Small Cap Fund	1.6	0.0
Fidelity Advisor Series Stock Selector Large Cap Value Fund	3.9	2.9
Fidelity Series 100 Index Fund	1.7	0.7
Fidelity Series 1000 Value Index Fund	0.7	0.0
Fidelity Series All-Sector Equity Fund	4.2	5.3
Fidelity Series Commodity Strategy Fund	1.2	5.0
Fidelity Series Real Estate Equity Fund	0.4	0.4
Fidelity Series Small Cap Opportunities Fund	2.0	1.9
Fidelity Advisor Large Cap Fund Institutional Class	0.0	2.1
Fidelity Advisor Small Cap Fund Institutional Class	0.0	1.7
Fidelity Series Large Cap Value Fund	0.0	2.9
	35.2	35.2
International Equity Funds
Fidelity Series Emerging Markets Fund	3.0	2.8
Fidelity Series International Growth Fund	5.2	4.7
Fidelity Series International Small Cap Fund	1.2	1.0
Fidelity Series International Value Fund	5.3	4.7
	14.7	13.2
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.6	0.6
Fidelity Series Floating Rate High Income Fund	1.1	1.1
Fidelity Series High Income Fund	5.6	4.7
Fidelity Series Inflation-Protected Bond Index Fund	1.7	9.7
Fidelity Series Investment Grade Bond Fund	26.6	21.5
Fidelity Series Real Estate Income Fund	0.5	0.5
	36.1	38.1
Short-Term Funds
Fidelity Advisor Short Fixed-Income Fund Institutional Class	6.2	6.1
Fidelity Institutional Money Market Portfolio Institutional Class	7.8	7.4
	14.0	13.5
Net Other Assets (Liabilities)*	0.0	0.0
	100.0	100.0

* Amount represents less than 0.1%

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds**	35.2%
	International Equity Funds	14.7%
	Bond Funds	36.1%
	Short-Term Funds	14.0%

ffi1219720

Six months ago
	Domestic Equity Funds**	35.2%
	International Equity Funds	13.2%
	Bond Funds	38.1%
	Short-Term Funds	13.5%

ffi1219726

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Annual Report

Fidelity Advisor Freedom 2010 Fund

Investments March 31, 2014

Showing Percentage of Net Assets

Domestic Equity Funds - 35.2%
	Shares		Value
Fidelity Advisor Equity Growth Fund Institutional Class (a)(c)	287,565		$ 26,651,508
Fidelity Advisor Series Equity-Income Fund (c)	4,098,668		51,397,293
Fidelity Advisor Series Growth & Income Fund (c)	3,100,591		40,679,760
Fidelity Advisor Series Growth Opportunities Fund (c)	2,401,895		25,652,239
Fidelity Advisor Series Opportunistic Insights Fund (c)	1,635,480		22,880,359
Fidelity Advisor Series Small Cap Fund (c)	1,313,124		13,866,591
Fidelity Advisor Series Stock Selector Large Cap Value Fund (c)	2,618,068		33,144,735
Fidelity Series 100 Index Fund (c)	1,220,772		14,856,796
Fidelity Series 1000 Value Index Fund (c)	564,071		6,024,276
Fidelity Series All-Sector Equity Fund (c)	2,578,769		36,412,220
Fidelity Series Commodity Strategy Fund (a)(c)	1,220,969		10,317,190
Fidelity Series Real Estate Equity Fund (c)	296,066		3,825,175
Fidelity Series Small Cap Opportunities Fund (c)	1,249,211		16,951,796
TOTAL DOMESTIC EQUITY FUNDS (Cost $250,555,835)		302,659,938
International Equity Funds - 14.7%

Fidelity Series Emerging Markets Fund (c)	1,512,934		25,946,811
Fidelity Series International Growth Fund (c)	3,146,611		44,556,018
Fidelity Series International Small Cap Fund (c)	641,411		10,384,441
Fidelity Series International Value Fund (c)	4,055,184		45,093,645
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $102,522,930)		125,980,915
Bond Funds - 36.1%
	Shares		Value
Fidelity Series Emerging Markets Debt Fund (c)	485,809		$ 4,955,256
Fidelity Series Floating Rate High Income Fund (c)	915,860		9,579,900
Fidelity Series High Income Fund (c)	4,563,589		48,328,406
Fidelity Series Inflation-Protected Bond Index Fund (c)	1,498,653		14,761,732
Fidelity Series Investment Grade Bond Fund (c)	20,319,117		228,793,251
Fidelity Series Real Estate Income Fund (c)	367,055		4,140,386
TOTAL BOND FUNDS (Cost $306,084,232)		310,558,931
Short-Term Funds - 14.0%

Fidelity Advisor Short Fixed-Income Fund Institutional Class (c)	5,736,301		53,634,412
Fidelity Institutional Money Market Portfolio Institutional Class 0.09% (b)(c)	67,008,658		67,008,658
TOTAL SHORT-TERM FUNDS (Cost $120,517,341)		120,643,070
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $779,680,338)			859,842,854
NET OTHER ASSETS (LIABILITIES) - 0.0%			(192,253)
NET ASSETS - 100%		$ 859,650,601

Legend

(a) Non-income producing

(b) The rate quoted is the annualized seven-day yield of the fund at period end.

Affiliated Underlying Funds

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Equity Growth Fund Institutional Class	$ 37,256,333	$ 2,212,637	$ 21,954,464	$ -	$ 26,651,508
Fidelity Advisor Growth & Income Fund Institutional Class	19,844,540	464,881	22,020,009	-	-
Fidelity Advisor Large Cap Fund Institutional Class	20,021,126	608,263	24,176,130	-	-
Fidelity Advisor Series Equity-Income Fund	27,797,031	29,030,153	9,433,397	645,082	51,397,293
Fidelity Advisor Series Growth & Income Fund (formerly Fidelity Advisor Series Mega Cap Fund)	6,212,935	42,444,082	11,761,367	249,838	40,679,760
Fidelity Advisor Series Growth Opportunities Fund	-	27,994,309	4,091,061	10,005	25,652,239
Fidelity Advisor Series Opportunistic Insights Fund	19,617,134	4,330,708	5,998,504	-	22,880,359
Fidelity Advisor Series Small Cap Fund	-	15,508,758	2,431,247	11,066	13,866,591
Fidelity Advisor Series Stock Selector Large Cap Value Fund	27,908,639	10,374,157	8,695,462	268,058	33,144,735
Fidelity Advisor Short Fixed-Income Fund Institutional Class	51,871,108	13,754,253	11,935,629	440,148	53,634,412
Fidelity Advisor Small Cap Fund Institutional Class	15,266,503	723,877	18,334,928	-	-
Fidelity Institutional Money Market Portfolio Institutional Class	63,172,497	20,001,900	16,165,740	65,819	67,008,658
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Series 100 Index Fund	$ 6,173,658	$ 9,482,184	$ 2,063,747	$ 138,561	$ 14,856,796
Fidelity Series 1000 Value Index Fund	-	6,083,290	440,993	25,037	6,024,276
Fidelity Series All-Sector Equity Fund	49,620,547	6,328,279	24,953,530	327,395	36,412,220
Fidelity Series Commodity Strategy Fund	46,125,134	8,863,013	40,655,961	-	10,317,190
Fidelity Series Emerging Markets Debt Fund	5,750,850	613,710	1,043,333	283,140	4,955,256
Fidelity Series Emerging Markets Fund	25,236,844	5,029,761	4,945,243	264,052	25,946,811
Fidelity Series Floating Rate High Income Fund	10,542,272	1,218,712	2,022,285	431,396	9,579,900
Fidelity Series High Income Fund	43,273,952	12,954,302	8,284,239	2,359,629	48,328,406
Fidelity Series Inflation-Protected Bond Index Fund	91,127,240	8,765,103	79,244,487	14,075	14,761,732
Fidelity Series International Growth Fund	42,059,080	7,258,248	9,540,013	304,980	44,556,018
Fidelity Series International Small Cap Fund	8,602,872	2,420,537	2,134,541	81,200	10,384,441
Fidelity Series International Value Fund	41,792,652	10,785,299	12,821,298	932,321	45,093,645
Fidelity Series Investment Grade Bond Fund	196,591,693	80,506,955	43,920,669	5,019,054	228,793,251
Fidelity Series Large Cap Value Fund	28,205,834	14,916,472	39,427,267	372,532	-
Fidelity Series Real Estate Equity Fund	4,145,322	543,986	819,784	59,323	3,825,175
Fidelity Series Real Estate Income Fund	4,736,681	526,457	970,472	239,210	4,140,386
Fidelity Series Small Cap Opportunities Fund	17,772,438	4,490,075	7,107,145	3,807	16,951,796
Total	$ 910,724,915	$ 348,234,361	$ 437,392,945	$ 12,545,728	$ 859,842,854

Other Information

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2010 Fund

Financial Statements

Statement of Assets and Liabilities

	March 31, 2014

Assets
Investment in securities, at value (cost $779,680,338) - See accompanying schedule		$ 859,842,854
Receivable for investments sold		4,287,430
Receivable for fund shares sold		619,730
Total assets		864,750,014

Liabilities
Payable for investments purchased	$ 2,328,922
Payable for fund shares redeemed	2,578,660
Distribution and service plan fees payable	191,831
Total liabilities		5,099,413

Net Assets		$ 859,650,601
Net Assets consist of:
Paid in capital		$ 763,297,453
Undistributed net investment income		1,958,102
Accumulated undistributed net realized gain (loss) on investments		14,232,530
Net unrealized appreciation (depreciation) on investments		80,162,516
Net Assets		$ 859,650,601

Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($502,833,984 ÷ 38,957,831 shares)		$ 12.91

Maximum offering price per share (100/94.25 of $12.91)		$ 13.70
Class T: Net Asset Value and redemption price per share ($124,997,313 ÷ 9,713,910 shares)		$ 12.87

Maximum offering price per share (100/96.50 of $12.87)		$ 13.34
Class B: Net Asset Value and offering price per share ($3,921,487 ÷ 303,691 shares)^A		$ 12.91

Class C: Net Asset Value and offering price per share ($36,622,126 ÷ 2,862,388 shares)^A		$ 12.79

Institutional Class: Net Asset Value, offering price and redemption price per share ($191,275,691 ÷ 14,756,561 shares)		$ 12.96

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

	Year ended March 31, 2014

Investment Income
Income distributions from underlying funds		$ 12,545,728

Expenses
Distribution and service plan fees	$ 2,374,946
Independent trustees' compensation	3,410
Total expenses before reductions	2,378,356
Expense reductions	(3,410)	2,374,946
Net investment income (loss)		10,170,782
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	17,423,906
Capital gain distributions from underlying funds	18,747,159
Total net realized gain (loss)		36,171,065
Change in net unrealized appreciation (depreciation) on underlying funds		20,852,752
Net gain (loss)		57,023,817
Net increase (decrease) in net assets resulting from operations		$ 67,194,599

See accompanying notes which are an integral part of the financial statements.

Annual Report

Fidelity Advisor Freedom 2010 Fund
Financial Statements - continued

Statement of Changes in Net Assets

	Year ended March 31, 2014	Year ended March 31, 2013
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 10,170,782	$ 11,478,269
Net realized gain (loss)	36,171,065	54,501,265
Change in net unrealized appreciation (depreciation)	20,852,752	(4,153,489)
Net increase (decrease) in net assets resulting from operations	67,194,599	61,826,045
Distributions to shareholders from net investment income	(9,511,361)	(11,763,830)
Distributions to shareholders from net realized gain	(28,968,103)	(6,303,241)
Total distributions	(38,479,464)	(18,067,071)
Share transactions - net increase (decrease)	(79,585,074)	(22,088,856)
Total increase (decrease) in net assets	(50,869,939)	21,670,118

Net Assets
Beginning of period	910,520,540	888,850,422
End of period (including undistributed net investment income of $1,958,102 and undistributed net investment income of $1,298,681, respectively)	$ 859,650,601	$ 910,520,540

Financial Highlights - Class A

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.50	$ 11.89	$ 11.92	$ 10.87	$ 8.19
Income from Investment Operations
Net investment income (loss) ^C	.15	.16	.17	.15	.21
Net realized and unrealized gain (loss)	.82	.70	.12	1.17	2.76
Total from investment operations	.97	.86	.29	1.32	2.97
Distributions from net investment income	(.14)	(.16)	(.17)	(.17)	(.21)
Distributions from net realized gain	(.42)	(.09)	(.16)	(.10)	(.08)
Total distributions	(.56)	(.25)	(.32)^G	(.27)	(.29)^F
Net asset value, end of period	$ 12.91	$ 12.50	$ 11.89	$ 11.92	$ 10.87
Total Return^A,B	7.86%	7.33%	2.63%	12.27%	36.51%
Ratios to Average Net Assets^D,E
Expenses before reductions	.25%	.25%	.25%	.25%	.25%
Expenses net of fee waivers, if any	.25%	.25%	.25%	.25%	.25%
Expenses net of all reductions	.25%	.25%	.25%	.25%	.25%
Net investment income (loss)	1.15%	1.33%	1.48%	1.38%	2.04%
Supplemental Data
Net assets, end of period (000 omitted)	$ 502,834	$ 540,980	$ 552,770	$ 536,999	$ 478,025
Portfolio turnover rate ^D	39%	26%	25%	41%	42%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the sales charges.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.29 per share is comprised of distributions from net investment income of $.211 and distributions from net realized gain of $.083 per share.

^G Total distributions of $.32 per share is comprised of distributions from net investment income of $.169 and distributions from net realized gain of $.155 per share.

See accompanying notes which are an integral part of the financial statements.

Annual Report

Financial Highlights - Class T

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.46	$ 11.86	$ 11.88	$ 10.83	$ 8.16
Income from Investment Operations
Net investment income (loss) ^C	.11	.13	.14	.13	.18
Net realized and unrealized gain (loss)	.83	.69	.13	1.15	2.76
Total from investment operations	.94	.82	.27	1.28	2.94
Distributions from net investment income	(.11)	(.13)	(.14)	(.13)	(.19)
Distributions from net realized gain	(.42)	(.09)	(.16)	(.10)	(.08)
Total distributions	(.53)	(.22)	(.29)^G	(.23)	(.27)^F
Net asset value, end of period	$ 12.87	$ 12.46	$ 11.86	$ 11.88	$ 10.83
Total Return^A,B	7.62%	6.98%	2.43%	11.95%	36.19%
Ratios to Average Net Assets^D,E
Expenses before reductions	.50%	.50%	.50%	.50%	.50%
Expenses net of fee waivers, if any	.50%	.50%	.50%	.50%	.50%
Expenses net of all reductions	.50%	.50%	.50%	.50%	.50%
Net investment income (loss)	.90%	1.08%	1.23%	1.13%	1.79%
Supplemental Data
Net assets, end of period (000 omitted)	$ 124,997	$ 127,353	$ 132,044	$ 152,126	$ 204,059
Portfolio turnover rate ^D	39%	26%	25%	41%	42%

^A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^B Total returns do not include the effect of the sales charges.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^F Total distributions of $.27 per share is comprised of distributions from net investment income of $.186 and distributions from net realized gain of $.083 per share.

^G Total distributions of $.29 per share is comprised of distributions from net investment income of $.137 and distributions from net realized gain of $.155 per share.

Financial Highlights - Class B

Years ended March 31,	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.49	$ 11.87	$ 11.87	$ 10.82	$ 8.15
Income from Investment Operations
Net investment income (loss) ^C	.05	.07	.08	.07	.13
Net realized and unrealized gain (loss)	.82	.70	.13	1.15	2.76
Total from investment operations	.87	.77	.21	1.22	2.89
Distributions from net investment income	(.03)	(.06)	(.07)	(.07)	(.13)
Distributions from net realized gain	(.41)	(.09)	(.15)	(.10)	(.08)
Total distributions	(.45)^H	(.15)	(.21)^G	(.17)	(.22)^F
Net asset value, end of period	$ 12.91	$ 12.49	$ 11.87	$ 11.87	$ 10.82
Total Return^A,B	7.01%	6.51%	1.90%	11.37%	35.54%
Ratios to Average Net Assets^D,E
Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.41%	.58%	.73%	.63%	1.29%
Supplemental Data
Net assets, end of period (000 omitted)	$ 3,921	$ 6,474	$ 9,154	$ 15,842	$ 22,468
Portfolio turnover rate ^D	39%	26%	25%	41%	42%