485BPOS 1 main.htm

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A

REGISTRATION STATEMENT (No. 033-43529)
		UNDER THE SECURITIES ACT OF 1933	[X]
		Pre-Effective Amendment No.	[ ]
		Post-Effective Amendment No. 52	[X]
and
REGISTRATION STATEMENT (No. 811-06440)
		UNDER THE INVESTMENT COMPANY ACT OF 1940	[X]
		Amendment No. 52	[X]

Fidelity Aberdeen Street Trust
(Exact Name of Registrant as Specified in Charter)

82 Devonshire St., Boston, Massachusetts 02109
(Address Of Principal Executive Offices) (Zip Code)

Registrant's Telephone Number: 617-563-7000

Scott C. Goebel, Secretary
82 Devonshire Street
Boston, Massachusetts 02109
(Name and Address of Agent for Service)

It is proposed that this filing will become effective
	( )	immediately upon filing pursuant to paragraph (b).
	(X)	on (May 28, 2011) pursuant to paragraph (b) at 5:30 p.m. Eastern Time.
	( )	60 days after filing pursuant to paragraph (a)(1) at 5:30 p.m. Eastern Time.
	( )	on ( ) pursuant to paragraph (a)(1) of Rule 485 at 5:30 p.m. Eastern Time.
	( )	75 days after filing pursuant to paragraph (a)(2) at 5:30 p.m. Eastern Time.
	( )	on ( ) pursuant to paragraph (a)(2) of Rule 485 at 5:30 p.m. Eastern Time.

If appropriate, check the following box:
	( )	this post-effective amendment designates a new effective date for a previously filed post-effective amendment.

Fidelity Advisor Freedom Funds^®

Fidelity Advisor Freedom Income Fund^®
Class/Ticker
A/FAFAX	T/FTAFX	B/FBFAX	C/FCAFX
Fidelity Advisor Freedom 2005 Fund^®
Class/Ticker
A/FFAVX	T/FFTVX	B/FFBVX	C/FCFVX
Fidelity Advisor Freedom 2010 Fund^®
Class/Ticker
A/FACFX	T/FCFTX	B/FCFBX	C/FCFCX
Fidelity Advisor Freedom 2015 Fund^®
Class/Ticker
A/FFVAX	T/FFVTX	B/FFVBX	C/FFVCX
Fidelity Advisor Freedom 2020 Fund^®
Class/Ticker
A/FDAFX	T/FDTFX	B/FDBFX	C/FDCFX
Fidelity Advisor Freedom 2025 Fund^®
Class/Ticker
A/FATWX	T/FTTWX	B/FBTWX	C/FCTWX
Fidelity Advisor Freedom 2030 Fund^®
Class/Ticker
A/FAFEX	T/FTFEX	B/FBFEX	C/FCFEX
Fidelity Advisor Freedom 2035 Fund^®
Class/Ticker
A/FATHX	T/FTTHX	B/FBTHX	C/FCTHX
Fidelity Advisor Freedom 2040 Fund^®
Class/Ticker
A/FAFFX	T/FTFFX	B/FBFFX	C/FCFFX
Fidelity Advisor Freedom 2045 Fund^®
Class/Ticker
A/FFFZX	T/FFFTX	B/FFFKX	C/FFFJX
Fidelity Advisor Freedom 2050 Fund^®
Class/Ticker
A/FFFLX	T/FFFQX	B/FFFWX	C/FFFYX
<R>Fidelity Advisor Freedom^SM 2055 Fund</R>
<R>Class/Ticker</R>
<R>A/FHFAX	T/FHFTX	C/FHFCX	</R>

Prospectus

fid1603201

Fund Summary	<Click Here>	Fidelity Advisor Freedom Income Fund^®
	<Click Here>	Fidelity Advisor Freedom 2005 Fund^®
	<Click Here>	Fidelity Advisor Freedom 2010 Fund^®
	<Click Here>	Fidelity Advisor Freedom 2015 Fund^®
	<Click Here>	Fidelity Advisor Freedom 2020 Fund^®
	<Click Here>	Fidelity Advisor Freedom 2025 Fund^®
	<Click Here>	Fidelity Advisor Freedom 2030 Fund^®
	<Click Here>	Fidelity Advisor Freedom 2035 Fund^®
	<Click Here>	Fidelity Advisor Freedom 2040 Fund^®
	<Click Here>	Fidelity Advisor Freedom 2045 Fund^®
	<Click Here>	Fidelity Advisor Freedom 2050 Fund^®
<R>	<Click Here>	Fidelity Advisor Freedom^SM 2055 Fund</R>
Fund Basics	<Click Here>	Investment Details
	<Click Here>	Valuing Shares
Shareholder Information	<Click Here>	Additional Information about the Purchase and Sale of Shares
	<Click Here>	Exchanging Shares
	<Click Here>	Account Features and Policies
	<Click Here>	Dividends and Capital Gain Distributions
	<Click Here>	Tax Consequences
Fund Services	<Click Here>	Fund Management
	<Click Here>	Fund Distribution
Appendix	<Click Here>	Financial Highlights
	<Click Here>	Additional Information about the Indexes

Prospectus

Fund Summary

Fund/Class:
Fidelity Advisor Freedom Income Fund^®/A, T, B, C

Investment Objective

The fund seeks high total return with a secondary objective of principal preservation.

Fee Table

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

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

Shareholder fees (fees paid directly from your investment)
	Class A	Class T	Class B	Class C
Maximum sales charge (load) on purchases (as a % of offering price)	5.75%	3.50%	None	None
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption proceeds)	None^A	None^A	5.00%^B	1.00%^C

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

^BDeclines over 6 years from 5.00% to 0%.

^COn Class C shares redeemed less than one year after purchase.

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

<R>	Class A	Class T	Class B	Class C</R>
<R>Management fee	None	None	None	None</R>
<R>Distribution and/or Service (12b-1) fees	0.25%	0.50%	1.00%	1.00%</R>
<R>Other expenses	0.00%	0.00%	0.00%	0.00%</R>
<R>Acquired fund fees and expenses	0.49%	0.49%	0.49%	0.49%</R>
<R>Total annual operating expenses^A	0.74%	0.99%	1.49%	1.49%</R>

<R>^ADiffers from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses.</R>

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

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

<R>	Class A		Class T		Class B		Class C</R>
<R>	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares</R>
<R>1 year	$ 646	$ 646	$ 447	$ 447	$ 652	$ 152	$ 252	$ 152</R>
<R>3 years	$ 798	$ 798	$ 654	$ 654	$ 771	$ 471	$ 471	$ 471</R>
<R>5 years	$ 963	$ 963	$ 878	$ 878	$ 1,013	$ 813	$ 813	$ 813</R>
<R>10 years	$ 1,441	$ 1,441	$ 1,521	$ 1,521	$ 1,481	$ 1,481	$ 1,779	$ 1,779</R>

Prospectus

Portfolio Turnover

<R>The fund will not incur transaction costs, such as commissions, when it buys and sells shares of underlying Fidelity funds (or "turns over" its portfolio), but it could incur transaction costs if it were to buy and sell other types of securities directly. If the fund were to buy and sell other types of securities directly, a higher portfolio turnover rate could indicate higher transaction costs and could result in higher taxes when fund shares are held in a taxable account. Such costs, if incurred, would not be reflected in annual operating expenses or in the example and would affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 35% of the average value of its portfolio.</R>

Principal Investment Strategies

Investing in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds using a moderate asset allocation strategy designed for investors already in retirement.
Allocating assets among underlying Fidelity funds according to a stable target asset allocation of approximately:

Principal Investment Risks

Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.
<R>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.</R>
<R>Interest Rate Changes. Interest rate increases can cause the price of a debt or money market security to decrease.</R>
<R>Foreign Exposure. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market.</R>
<R>Industry Exposure. Market conditions, interest rates, and economic, regulatory, or financial developments could significantly affect a single industry or group of related industries.</R>
<R>Prepayment. The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.</R>
<R>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease. Lower-quality debt securities (those of less than investment-grade quality) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</R>
<R>Leverage Risk. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.</R>
<R>"Growth" Investing. "Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.</R>
<R>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</R>
<R>Inflation-Protected Debt Exposure. Increases in real interest rates can cause the price of inflation-protected debt securities to decrease. Interest payments on inflation-protected debt securities can be unpredictable.</R>
<R>Quantitative Investing. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends.</R>
<R>Small Cap Investing. The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.</R>
<R>Commodity-Linked Investing. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures and their value may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments.</R>

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

Performance

The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the Additional Information about the Indexes section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.

Prospectus

Fund Summary - continued

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

Year-by-Year Returns

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

<R>Calendar Years				2004	2005	2006	2007	2008	2009	2010</R>
<R>				3.45%	3.01%	6.03%	5.38%	-13.64%	17.82%	7.58%</R>

<R>During the periods shown in the chart for Class A:	Returns	Quarter ended</R>
<R>Highest Quarter Return	8.33%	June 30, 2009</R>
<R>Lowest Quarter Return	-7.86%	December 31, 2008</R>
<R>Year-to-Date Return	1.83%	March 31, 2011</R>

Average Annual Returns

<R>Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.</R>

<R>For the periods ended December 31, 2010	Past 1 year	Past 5 years	Life of class^A</R>
<R>Class A - Return Before Taxes	1.40%	2.89%	3.25%</R>
<R> Return After Taxes on Distributions	0.69%	1.75%	2.25%</R>
<R> Return After Taxes on Distributions and Sale of Fund Shares	0.97%	1.83%	2.23%</R>
<R>Class T - Return Before Taxes	3.65%	3.13%	3.33%</R>
<R>Class B - Return Before Taxes	1.86%	3.00%	3.35%</R>
<R>Class C - Return Before Taxes	5.79%	3.34%	3.30%</R>
<R>Barclays Capital^® U.S. Aggregate Bond Index (reflects no deduction for fees, expenses, or taxes)	6.54%	5.80%	5.07%</R>
<R>Fidelity^® Freedom Income Composite Index (reflects no deduction for fees, expenses, or taxes)	6.16%	4.16%	4.44%</R>

<R>^AFrom July 24, 2003.</R>

Investment Adviser

Strategic Advisers, Inc. (Strategic Advisers), an affiliate of Fidelity Management & Research Company (FMR), is the fund's manager.

Portfolio Manager(s)

Christopher Sharpe (co-manager) has managed the fund since September 2007.

Jonathan Shelon (co-manager) has managed the fund since July 2003.

Purchase and Sale of Shares

You may buy or sell Class A, Class T, Class B, and Class C shares of the fund through a retirement account or through an investment professional. You may buy or sell shares in various ways:

Internet www.advisor.fidelity.com
Phone To reach a Fidelity representative 1-877-208-0098
Mail
Fidelity Investments P.O. Box 770002 Cincinnati, OH 45277-0081	Overnight Express: Fidelity Investments 100 Crosby Parkway Covington, KY 41015

Subject to certain limited exceptions described in the Additional Information about the Purchase and Sale of Shares section of the prospectus, the fund no longer accepts investments in Class B shares. Any purchase order for Class B shares of the fund (other than from an existing Class B shareholder pursuant to an exchange or the reinvestment of dividends and capital gain distributions paid on Class B shares) will be deemed to be a purchase order for Class A shares of the fund and will be subject to any applicable Class A front-end sales charge.

The price to buy one share of Class A or Class T is its offering price, if you pay a front-end sales charge, or its net asset value per share (NAV), if you qualify for a front-end sales charge waiver. The price to buy one share of Class B or Class C is its NAV. Your shares will be bought at the offering price or NAV, as applicable, next calculated after your order is received in proper form.

The price to sell one share of Class A, Class T, Class B, and Class C is its NAV, minus any applicable contingent deferred sales charge (CDSC). Your shares will be sold at the NAV next calculated after your order is received in proper form, minus any applicable CDSC.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

Initial Purchase Minimum	$2,500
For Fidelity Advisor^® Traditional IRA, Roth IRA, Rollover IRA, Simplified Employee Pension-IRA, and Keogh accounts	$500
Through a regular investment plan established at the time the fund position is opened	$100

The fund may waive or lower purchase minimums in other circumstances.

After a maximum of seven years from the initial purchase date, Class B shares convert automatically to Class A shares of the fund at NAV.

Tax Information

Distributions you receive from the fund are subject to federal income tax and generally will be taxed as ordinary income or capital gains, and may also be subject to state or local taxes, unless you are investing through a tax-advantaged retirement account (in which case you may be taxed later, upon withdrawal of your investment from such account).

Payments to Broker-Dealers and Other Financial Intermediaries

The fund, Strategic Advisers, FMR, Fidelity Distributors Corporation (FDC), and/or their affiliates may pay intermediaries, including banks, broker-dealers, or other service-providers (who may be affiliated with Strategic Advisers, FMR, or FDC), for the sale of fund shares and related services. These payments may create a conflict of interest by influencing your intermediary and your investment professional to recommend the fund over another investment. Ask your investment professional or visit your intermediary's web site for more information.

Prospectus

Fund Summary

Fund/Class:
Fidelity Advisor Freedom 2005 Fund^®/A, T, B, C

Investment Objective

The fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.

Fee Table

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

Shareholder fees (fees paid directly from your investment)
	Class A	Class T	Class B	Class C
Maximum sales charge (load) on purchases (as a % of offering price)	5.75%	3.50%	None	None
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption proceeds)	None^A	None^A	5.00%^B	1.00%^C

^BDeclines over 6 years from 5.00% to 0%.

^COn Class C shares redeemed less than one year after purchase.

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

<R>	Class A	Class T	Class B	Class C</R>
<R>Management fee	None	None	None	None</R>
<R>Distribution and/or Service (12b-1) fees	0.25%	0.50%	1.00%	1.00%</R>
<R>Other expenses	0.00%	0.00%	0.00%	0.00%</R>
<R>Acquired fund fees and expenses	0.60%	0.60%	0.60%	0.60%</R>
<R>Total annual operating expenses^A	0.85%	1.10%	1.60%	1.60%</R>

<R>^ADiffers from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses.</R>

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

<R>	Class A		Class T		Class B		Class C</R>
<R>	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares</R>
<R>1 year	$ 657	$ 657	$ 458	$ 458	$ 663	$ 163	$ 263	$ 163</R>
<R>3 years	$ 831	$ 831	$ 687	$ 687	$ 805	$ 505	$ 505	$ 505</R>
<R>5 years	$ 1,019	$ 1,019	$ 935	$ 935	$ 1,071	$ 871	$ 871	$ 871</R>
<R>10 years	$ 1,564	$ 1,564	$ 1,643	$ 1,643	$ 1,605	$ 1,605	$ 1,900	$ 1,900</R>

Prospectus

Portfolio Turnover

Principal Investment Strategies

Investing in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds using a moderate asset allocation strategy designed for investors expected to have retired around the year 2005.
Allocating assets among underlying Fidelity funds according to an asset allocation strategy that becomes increasingly conservative until it reaches approximately 15% in domestic equity funds, 5% in international equity funds, 40% in bond funds, and 40% in short-term funds (approximately 10 to 15 years after the year 2005).
Using an asset allocation among underlying Fidelity funds as of March 31, 2011, of approximately:

Principal Investment Risks

Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.
<R>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.</R>
<R>Interest Rate Changes. Interest rate increases can cause the price of a debt or money market security to decrease.</R>
<R>Foreign Exposure. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.</R>
<R>Industry Exposure. Market conditions, interest rates, and economic, regulatory, or financial developments could significantly affect a single industry or group of related industries.</R>
<R>Prepayment. The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.</R>
<R>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease. Lower-quality debt securities (those of less than investment-grade quality) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</R>
<R>Leverage Risk. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.</R>
<R>"Growth" Investing. "Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.</R>
<R>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</R>
<R>Inflation-Protected Debt Exposure. Increases in real interest rates can cause the price of inflation-protected debt securities to decrease. Interest payments on inflation-protected debt securities can be unpredictable.</R>
<R>Quantitative Investing. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends.</R>
<R>Small Cap Investing. The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.</R>
<R>Commodity-Linked Investing. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures and their value may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments.</R>

Prospectus

Fund Summary - continued

Performance

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

Year-by-Year Returns

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

<R>Calendar Years				2004	2005	2006	2007	2008	2009	2010</R>
<R>				6.16%	5.04%	9.09%	7.28%	-25.62%	24.16%	10.98%</R>

<R>During the periods shown in the chart for Class A:	Returns	Quarter ended</R>
<R>Highest Quarter Return	13.03%	June 30, 2009</R>
<R>Lowest Quarter Return	-13.93%	December 31, 2008</R>
<R>Year-to-Date Return	2.78%	March 31, 2011</R>

Average Annual Returns

<R>For the periods ended December 31, 2010	Past 1 year	Past 5 years	Life of class^A</R>
<R>Class A - Return Before Taxes	4.60%	2.48%	3.76%</R>
<R> Return After Taxes on Distributions	3.89%	1.52%	2.89%</R>
<R> Return After Taxes on Distributions and Sale of Fund Shares	3.06%	1.64%	2.79%</R>
<R>Class T - Return Before Taxes	6.90%	2.72%	3.85%</R>
<R>Class B - Return Before Taxes	5.18%	2.59%	3.86%</R>
<R>Class C - Return Before Taxes	9.16%	2.93%	3.85%</R>
<R>Barclays Capital^® U.S Aggregate Bond Index (reflects no deduction for fees, expenses, or taxes)	6.54%	5.80%	5.25%</R>
<R>Fidelity^® Freedom 2005 Composite Index (reflects no deduction for fees, expenses, or taxes)	9.45%	4.10%	5.19%</R>

<R>^AFrom November 6, 2003.</R>

Investment Adviser

Strategic Advisers, Inc. (Strategic Advisers), an affiliate of Fidelity Management & Research Company (FMR), is the fund's manager.

Portfolio Manager(s)

Christopher Sharpe (co-manager) has managed the fund since September 2007.

Jonathan Shelon (co-manager) has managed the fund since November 2003.

Prospectus

Purchase and Sale of Shares

You may buy or sell Class A, Class T, Class B, and Class C shares of the fund through a retirement account or through an investment professional. You may buy or sell shares in various ways:

Internet www.advisor.fidelity.com
Phone To reach a Fidelity representative 1-877-208-0098
Mail
Fidelity Investments P.O. Box 770002 Cincinnati, OH 45277-0081	Overnight Express: Fidelity Investments 100 Crosby Parkway Covington, KY 41015

The price to sell one share of Class A, Class T, Class B, or Class C is its NAV, minus any applicable contingent deferred sales charge (CDSC). Your shares will be sold at the NAV next calculated after your order is received in proper form, minus any applicable CDSC.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

Initial Purchase Minimum	$2,500
For Fidelity Advisor^® Traditional IRA, Roth IRA, Rollover IRA, Simplified Employee Pension-IRA, and Keogh accounts	$500
Through a regular investment plan established at the time the fund position is opened	$100

The fund may waive or lower purchase minimums in other circumstances.

After a maximum of seven years from the initial purchase date, Class B shares convert automatically to Class A shares of the fund at NAV.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Prospectus

Fund Summary

Fund/Class:
Fidelity Advisor Freedom 2010 Fund^®/A, T, B, C

Investment Objective

The fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.

Fee Table

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

Shareholder fees (fees paid directly from your investment)
	Class A	Class T	Class B	Class C
Maximum sales charge (load) on purchases (as a % of offering price)	5.75%	3.50%	None	None
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption proceeds)	None^A	None^A	5.00%^B	1.00%^C

^BDeclines over 6 years from 5.00% to 0%.

^COn Class C shares redeemed less than one year after purchase.

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

<R>	Class A	Class T	Class B	Class C</R>
<R>Management fee	None	None	None	None</R>
<R>Distribution and/or Service (12b-1) fees	0.25%	0.50%	1.00%	1.00%</R>
<R>Other expenses	0.00%	0.00%	0.00%	0.00%</R>
<R>Acquired fund fees and expenses	0.64%	0.64%	0.64%	0.64%</R>
<R>Total annual operating expenses^A	0.89%	1.14%	1.64%	1.64%</R>

<R>^ADiffers from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses.</R>

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

<R>	Class A		Class T		Class B		Class C</R>
<R>	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares</R>
<R>1 year	$ 661	$ 661	$ 462	$ 462	$ 667	$ 167	$ 267	$ 167</R>
<R>3 years	$ 843	$ 843	$ 700	$ 700	$ 817	$ 517	$ 517	$ 517</R>
<R>5 years	$ 1,040	$ 1,040	$ 956	$ 956	$ 1,092	$ 892	$ 892	$ 892</R>
<R>10 years	$ 1,608	$ 1,608	$ 1,688	$ 1,688	$ 1,649	$ 1,649	$ 1,944	$ 1,944</R>

Prospectus

Fund Summary - continued

Portfolio Turnover

Principal Investment Strategies

Investing in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds using a moderate asset allocation strategy designed for investors expecting to retire around the year 2010.
Allocating assets among underlying Fidelity funds according to an asset allocation strategy that becomes increasingly conservative until it reaches approximately 15% in domestic equity funds, 5% in international equity funds, 40% in bond funds, and 40% in short-term funds (approximately 10 to 15 years after the year 2010).
Using an asset allocation among underlying Fidelity funds as of March 31, 2011, of approximately:

Principal Investment Risks

Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.
<R>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.</R>
<R>Interest Rate Changes. Interest rate increases can cause the price of a debt or money market security to decrease.</R>
<R>Foreign Exposure. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.</R>
<R>Prepayment. The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.</R>
<R>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease. Lower-quality debt securities (those of less than investment-grade quality) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</R>
<R>Leverage Risk. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.</R>
<R>"Growth" Investing. "Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.</R>
<R>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</R>
<R>Inflation-Protected Debt Exposure. Increases in real interest rates can cause the price of inflation-protected debt securities to decrease. Interest payments on inflation-protected debt securities can be unpredictable.</R>
<R>Quantitative Investing. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends.</R>
<R>Small Cap Investing. The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.</R>
<R>Commodity-Linked Investing. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures and their value may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments.</R>

Performance

Prospectus

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

Year-by-Year Returns

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

<R>Calendar Years				2004	2005	2006	2007	2008	2009	2010</R>
<R>				6.30%	4.97%	9.35%	7.33%	-26.61%	25.64%	12.20%</R>

<R>During the periods shown in the chart for Class A:	Returns	Quarter ended</R>
<R>Highest Quarter Return	13.88%	June 30, 2009</R>
<R>Lowest Quarter Return	-14.54%	December 31, 2008</R>
<R>Year-to-Date Return	3.29%	March 31, 2011</R>

Average Annual Returns

<R>For the periods ended December 31, 2010	Past 1 year	Past 5 years	Life of class^A</R>
<R>Class A - Return Before Taxes	5.75%	2.73%	4.35%</R>
<R> Return After Taxes on Distributions	4.99%	1.71%	3.45%</R>
<R> Return After Taxes on Distributions and Sale of Fund Shares	3.83%	1.83%	3.30%</R>
<R>Class T - Return Before Taxes	8.06%	2.96%	4.42%</R>
<R>Class B - Return Before Taxes	6.49%	2.83%	4.45%</R>
<R>Class C - Return Before Taxes	10.44%	3.18%	4.39%</R>
<R>Barclays Capital^® U.S. Aggregate Bond Index (reflects no deduction for fees, expenses, or taxes)	6.54%	5.80%	5.07%</R>
<R>Fidelity^® Freedom 2010 Composite Index (reflects no deduction for fees, expenses, or taxes)	10.70%	4.36%	5.86%</R>

<R>^AFrom July 24, 2003.</R>

Investment Adviser

Strategic Advisers, Inc. (Strategic Advisers), an affiliate of Fidelity Management & Research Company (FMR), is the fund's manager.

Portfolio Manager(s)

Christopher Sharpe (co-manager) has managed the fund since September 2007.

Jonathan Shelon (co-manager) has managed the fund since July 2003.

Purchase and Sale of Shares

You may buy or sell Class A, Class T, Class B, and Class C shares of the fund through a retirement account or through an investment professional. You may buy or sell shares in various ways:

Internet www.advisor.fidelity.com
Phone To reach a Fidelity representative 1-877-208-0098
Mail
Fidelity Investments P.O. Box 770002 Cincinnati, OH 45277-0081	Overnight Express: Fidelity Investments 100 Crosby Parkway Covington, KY 41015

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

Initial Purchase Minimum	$2,500
For Fidelity Advisor^® Traditional IRA, Roth IRA, Rollover IRA, Simplified Employee Pension-IRA, and Keogh accounts	$500
Through a regular investment plan established at the time the fund position is opened	$100

The fund may waive or lower purchase minimums in other circumstances.

After a maximum of seven years from the initial purchase date, Class B shares convert automatically to Class A shares of the fund at NAV.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Prospectus

Fund Summary

Fund/Class:
Fidelity Advisor Freedom 2015 Fund^®/A, T, B, C

Investment Objective

The fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.

Fee Table

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

Shareholder fees (fees paid directly from your investment)
	Class A	Class T	Class B	Class C
Maximum sales charge (load) on purchases (as a % of offering price)	5.75%	3.50%	None	None
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption proceeds)	None	None	5.00%	1.00%

^BDeclines over 6 years from 5.00% to 0%.

^COn Class C shares redeemed less than one year after purchase.

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

<R>	Class A	Class T	Class B	Class C</R>
<R>Management fee	None	None	None	None</R>
<R>Distribution and/or Service (12b-1) fees	0.25%	0.50%	1.00%	1.00%</R>
<R>Other expenses	0.00%	0.00%	0.00%	0.00%</R>
<R>Acquired fund fees and expenses	0.64%	0.64%	0.64%	0.64%</R>
<R>Total annual operating expenses^A	0.89%	1.14%	1.64%	1.64%</R>

<R>^ADiffers from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses.</R>

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

<R>	Class A		Class T		Class B		Class C</R>
<R>	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares</R>
<R>1 year	$ 661	$ 661	$ 462	$ 462	$ 667	$ 167	$ 267	$ 167</R>
<R>3 years	$ 843	$ 843	$ 700	$ 700	$ 817	$ 517	$ 517	$ 517</R>
<R>5 years	$ 1,040	$ 1,040	$ 956	$ 956	$ 1,092	$ 892	$ 892	$ 892</R>
<R>10 years	$ 1,608	$ 1,608	$ 1,688	$ 1,688	$ 1,649	$ 1,649	$ 1,944	$ 1,944</R>

Prospectus

Fund Summary - continued

Portfolio Turnover

Principal Investment Strategies

Investing in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds using a moderate asset allocation strategy designed for investors expecting to retire around the year 2015.
Allocating assets among underlying Fidelity funds according to an asset allocation strategy that becomes increasingly conservative until it reaches approximately 15% in domestic equity funds, 5% in international equity funds, 40% in bond funds, and 40% in short-term funds (approximately 10 to 15 years after the year 2015).
Using an asset allocation among underlying Fidelity funds as of March 31, 2011, of approximately:

Principal Investment Risks

Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.
<R>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.</R>
<R>Interest Rate Changes. Interest rate increases can cause the price of a debt or money market security to decrease.</R>
<R>Foreign Exposure. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.</R>
<R>Prepayment. The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.</R>
<R>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease. Lower-quality debt securities (those of less than investment-grade quality) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</R>
<R>Leverage Risk. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.</R>
<R>"Growth" Investing. "Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.</R>
<R>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</R>
<R>Inflation-Protected Debt Exposure. Increases in real interest rates can cause the price of inflation-protected debt securities to decrease. Interest payments on inflation-protected debt securities can be unpredictable.</R>
<R>Quantitative Investing. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends.</R>
<R>Small Cap Investing. The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.</R>
<R>Commodity-Linked Investing. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures and their value may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments.</R>

Performance

Prospectus

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

Year-by-Year Returns

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

<R>Calendar Years				2004	2005	2006	2007	2008	2009	2010</R>
<R>				7.48%	6.07%	10.47%	7.77%	-28.37%	26.27%	12.41%</R>

<R>During the periods shown in the chart for Class A:	Returns	Quarter ended</R>
<R>Highest Quarter Return	14.47%	June 30, 2009</R>
<R>Lowest Quarter Return	-15.47%	December 31, 2008</R>
<R>Year-to-Date Return	3.31%	March 31, 2011</R>

Average Annual Returns

<R>For the periods ended December 31, 2010	Past 1 year	Past 5 years	Life of class^A </R>
<R>Class A - Return Before Taxes	5.94%	2.67%	4.31%</R>
<R> Return After Taxes on Distributions	5.20%	1.69%	3.46%</R>
<R> Return After Taxes on Distributions and Sale of Fund Shares	3.95%	1.82%	3.31%</R>
<R>Class T - Return Before Taxes	8.20%	2.89%	4.40%</R>
<R>Class B - Return Before Taxes	6.53%	2.75%	4.43%</R>
<R>Class C - Return Before Taxes	10.51%	3.10%	4.40%</R>
<R>S&P 500^® Index (reflects no deduction for fees, expenses, or taxes)	15.06%	2.29%	4.53%</R>
<R>Fidelity^® Freedom 2015 Composite Index (reflects no deduction for fees, expenses, or taxes)	10.87%	4.35%	5.81%</R>

<R>^AFrom November 6, 2003.</R>

Investment Adviser

Strategic Advisers, Inc. (Strategic Advisers), an affiliate of Fidelity Management & Research Company (FMR), is the fund's manager.

Portfolio Manager(s)

Christopher Sharpe (co-manager) has managed the fund since September 2007.

Jonathan Shelon (co-manager) has managed the fund since November 2003.

Prospectus

Fund Summary - continued

Purchase and Sale of Shares

You may buy or sell Class A, Class T, Class B, and Class C shares of the fund through a retirement account or through an investment professional. You may buy or sell shares in various ways:

Internet www.advisor.fidelity.com
Phone To reach a Fidelity representative 1-877-208-0098
Mail
Fidelity Investments P.O. Box 770002 Cincinnati, OH 45277-0081	Overnight Express: Fidelity Investments 100 Crosby Parkway Covington, KY 41015

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

Initial Purchase Minimum	$2,500
For Fidelity Advisor^® Traditional IRA, Roth IRA, Rollover IRA, Simplified Employee Pension-IRA, and Keogh accounts	$500
Through a regular investment plan established at the time the fund position is opened	$100

The fund may waive or lower purchase minimums in other circumstances.

After a maximum of seven years from the initial purchase date, Class B shares convert automatically to Class A shares of the fund at NAV.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Prospectus

Fund Summary

Fund/Class:
Fidelity Advisor Freedom 2020 Fund^®/A, T, B, C

Investment Objective

The fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.

Fee Table

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

Shareholder fees (fees paid directly from your investment)
	Class A	Class T	Class B	Class C
Maximum sales charge (load) on purchases (as a % of offering price)	5.75%	3.50%	None	None
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption proceeds)	None^A	None^A	5.00%^B	1.00%^C

^BDeclines over 6 years from 5.00% to 0%.

^COn Class C shares redeemed less than one year after purchase.

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

<R>	Class A	Class T	Class B	Class C</R>
<R>Management fee	None	None	None	None</R>
<R>Distribution and/or Service (12b-1) fees	0.25%	0.50%	1.00%	1.00%</R>
<R>Other expenses	0.00%	0.00%	0.00%	0.00%</R>
<R>Acquired fund fees and expenses	0.70%	0.70%	0.70%	0.70%</R>
<R>Total annual operating expenses^A	0.95%	1.20%	1.70%	1.70%</R>

<R>^ADiffers from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses.</R>

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

<R>	Class A		Class T		Class B		Class C</R>
<R>	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares</R>
<R>1 year	$ 666	$ 666	$ 468	$ 468	$ 673	$ 173	$ 273	$ 173</R>
<R>3 years	$ 860	$ 860	$ 718	$ 718	$ 836	$ 536	$ 536	$ 536</R>
<R>5 years	$ 1,070	$ 1,070	$ 987	$ 987	$ 1,123	$ 923	$ 923	$ 923</R>
<R>10 years	$ 1,674	$ 1,674	$ 1,754	$ 1,754	$ 1,716	$ 1,716	$ 2,009	$ 2,009</R>

Prospectus

Fund Summary - continued

Portfolio Turnover

Principal Investment Strategies

Investing in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds using a moderate asset allocation strategy designed for investors expecting to retire around the year 2020.
Allocating assets among underlying Fidelity funds according to an asset allocation strategy that becomes increasingly conservative until it reaches approximately 15% in domestic equity funds, 5% in international equity funds, 40% in bond funds, and 40% in short-term funds (approximately 10 to 15 years after the year 2020).
Using an asset allocation among underlying Fidelity funds as of March 31, 2011, of approximately:

Principal Investment Risks

Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.
<R>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.</R>
<R>Interest Rate Changes. Interest rate increases can cause the price of a debt or money market security to decrease.</R>
<R>Foreign Exposure. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.</R>
<R>Prepayment. The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.</R>
<R>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease. Lower-quality debt securities (those of less than investment-grade quality) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</R>
<R>Leverage Risk. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.</R>
<R>"Growth" Investing. "Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.</R>
<R>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</R>
<R>Inflation-Protected Debt Exposure. Increases in real interest rates can cause the price of inflation-protected debt securities to decrease. Interest payments on inflation-protected debt securities can be unpredictable.</R>
<R>Quantitative Investing. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends.</R>
<R>Small Cap Investing. The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.</R>
<R>Commodity-Linked Investing. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures and their value may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments.</R>

Performance

Prospectus

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

Year-by-Year Returns

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

<R>Calendar Years				2004	2005	2006	2007	2008	2009	2010</R>
<R>				8.41%	6.62%	11.63%	8.36%	-33.76%	29.46%	13.78%</R>

<R>During the periods shown in the chart for Class A:	Returns	Quarter ended</R>
<R>Highest Quarter Return	16.67%	June 30, 2009</R>
<R>Lowest Quarter Return	-18.63%	December 31, 2008</R>
<R>Year-to-Date Return	3.75%	March 31, 2011</R>

Average Annual Returns

<R>For the periods ended December 31, 2010	Past 1 year	Past 5 years	Life of class^A </R>
<R>Class A - Return Before Taxes	7.24%	2.15%	4.91%</R>
<R> Return After Taxes on Distributions	6.48%	1.21%	4.10%</R>
<R> Return After Taxes on Distributions and Sale of Fund Shares	4.81%	1.44%	3.89%</R>
<R>Class T - Return Before Taxes	9.48%	2.36%	4.99%</R>
<R>Class B - Return Before Taxes	7.90%	2.25%	5.02%</R>
<R>Class C - Return Before Taxes	11.82%	2.58%	4.98%</R>
<R>S&P 500^® Index (reflects no deduction for fees, expenses, or taxes)	15.06%	2.29%	5.48%</R>
<R>Fidelity^® Freedom 2020 Composite Index (reflects no deduction for fees, expenses, or taxes)	12.08%	4.04%	6.67%</R>

<R>^AFrom July 24, 2003.</R>

Investment Adviser

Strategic Advisers, Inc. (Strategic Advisers), an affiliate of Fidelity Management & Research Company (FMR), is the fund's manager.

Portfolio Manager(s)

Christopher Sharpe (co-manager) has managed the fund since September 2007.

Jonathan Shelon (co-manager) has managed the fund since July 2003.

Purchase and Sale of Shares

You may buy or sell Class A, Class T, Class B, and Class C shares of the fund through a retirement account or through an investment professional. You may buy or sell shares in various ways:

Internet www.advisor.fidelity.com
Phone To reach a Fidelity representative 1-877-208-0098
Mail
Fidelity Investments P.O. Box 770002 Cincinnati, OH 45277-0081	Overnight Express: Fidelity Investments 100 Crosby Parkway Covington, KY 41015

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

Initial Purchase Minimum	$2,500
For Fidelity Advisor^® Traditional IRA, Roth IRA, Rollover IRA, Simplified Employee Pension-IRA, and Keogh accounts	$500
Through a regular investment plan established at the time the fund position is opened	$100

The fund may waive or lower purchase minimums in other circumstances.

After a maximum of seven years from the initial purchase date, Class B shares convert automatically to Class A shares of the fund at NAV.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Prospectus

Fund Summary

Fund/Class:
Fidelity Advisor Freedom 2025 Fund^®/A, T, B, C

Investment Objective

The fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.

Fee Table

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

Shareholder fees (fees paid directly from your investment)
	Class A	Class T	Class B	Class C
Maximum sales charge (load) on purchases (as a % of offering price)	5.75%	3.50%	None	None
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption proceeds)	None^A	None^A	5.00%^B	1.00%^C

^BDeclines over 6 years from 5.00% to 0%.

^COn Class C shares redeemed less than one year after purchase.

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

<R>	Class A	Class T	Class B	Class C</R>
<R>Management fee	None	None	None	None</R>
<R>Distribution and/or Service (12b-1) fees	0.25%	0.50%	1.00%	1.00%</R>
<R>Other expenses	0.00%	0.00%	0.00%	0.00%</R>
<R>Acquired fund fees and expenses	0.74%	0.74%	0.74%	0.74%</R>
<R>Total annual operating expenses^A	0.99%	1.24%	1.74%	1.74%</R>

<R>^ADiffers from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses.</R>

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

<R>	Class A		Class T		Class B		Class C</R>
<R>	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares</R>
<R>1 year	$ 670	$ 670	$ 472	$ 472	$ 677	$ 177	$ 277	$ 177</R>
<R>3 years	$ 872	$ 872	$ 730	$ 730	$ 848	$ 548	$ 548	$ 548</R>
<R>5 years	$ 1,091	$ 1,091	$ 1,007	$ 1,007	$ 1,144	$ 944	$ 944	$ 944</R>
<R>10 years	$ 1,718	$ 1,718	$ 1,797	$ 1,797	$ 1,760	$ 1,760	$ 2,052	$ 2,052</R>

Prospectus

Fund Summary - continued

Portfolio Turnover

Principal Investment Strategies

Investing in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds using a moderate asset allocation strategy designed for investors expecting to retire around the year 2025.
Allocating assets among underlying Fidelity funds according to an asset allocation strategy that becomes increasingly conservative until it reaches approximately 15% in domestic equity funds, 5% in international equity funds, 40% in bond funds, and 40% in short-term funds (approximately 10 to 15 years after the year 2025).
Using an asset allocation among underlying Fidelity funds as of March 31, 2011, of approximately:

Principal Investment Risks

Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.
<R>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.</R>
<R>Interest Rate Changes. Interest rate increases can cause the price of a debt or money market security to decrease.</R>
<R>Foreign Exposure. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.</R>
<R>Prepayment. The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.</R>
<R>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease. Lower-quality debt securities (those of less than investment-grade quality) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</R>
<R>Leverage Risk. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.</R>
<R>"Growth" Investing. "Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.</R>
<R>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</R>
<R>Quantitative Investing. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends.</R>
<R>Small Cap Investing. The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.</R>
<R>Commodity-Linked Investing. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures and their value may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments.</R>

Performance

Prospectus

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

Year-by-Year Returns

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

<R>Calendar Years				2004	2005	2006	2007	2008	2009	2010</R>
<R>				8.78%	7.01%	11.89%	8.57%	-35.37%	30.82%	14.68%</R>

<R>During the periods shown in the chart for Class A:	Returns	Quarter ended</R>
<R>Highest Quarter Return	17.38%	June 30, 2009</R>
<R>Lowest Quarter Return	-19.73%	December 31, 2008</R>
<R>Year-to-Date Return	4.22%	March 31, 2011</R>

Average Annual Returns

<R>For the periods ended December 31, 2010	Past 1 year	Past 5 years	Life of class^A </R>
<R>Class A - Return Before Taxes	8.09%	2.11%	4.33%</R>
<R> Return After Taxes on Distributions	7.37%	1.24%	3.58%</R>
<R> Return After Taxes on Distributions and Sale of Fund Shares	5.38%	1.45%	3.42%</R>
<R>Class T - Return Before Taxes	10.47%	2.37%	4.48%</R>
<R>Class B - Return Before Taxes	8.91%	2.22%	4.44%</R>
<R>Class C - Return Before Taxes	12.90%	2.58%	4.42%</R>
<R>S&P 500^® Index (reflects no deduction for fees, expenses, or taxes)	15.06%	2.29%	4.53%</R>
<R>Fidelity^® Freedom 2025 Composite Index (reflects no deduction for fees, expenses, or taxes)	13.09%	4.15%	6.15%</R>

<R>^AFrom November 6, 2003.</R>

Investment Adviser

Strategic Advisers, Inc. (Strategic Advisers), an affiliate of Fidelity Management & Research Company (FMR), is the fund's manager.

Portfolio Manager(s)

Christopher Sharpe (co-manager) has managed the fund since September 2007.

Jonathan Shelon (co-manager) has managed the fund since November 2003.

Purchase and Sale of Shares

You may buy or sell Class A, Class T, Class B, and Class C shares of the fund through a retirement account or through an investment professional. You may buy or sell shares in various ways:

Internet www.advisor.fidelity.com
Phone To reach a Fidelity representative 1-877-208-0098
Mail
Fidelity Investments P.O. Box 770002 Cincinnati, OH 45277-0081	Overnight Express: Fidelity Investments 100 Crosby Parkway Covington, KY 41015

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

Initial Purchase Minimum	$2,500
For Fidelity Advisor^® Traditional IRA, Roth IRA, Rollover IRA, Simplified Employee Pension-IRA, and Keogh accounts	$500
Through a regular investment plan established at the time the fund position is opened	$100

The fund may waive or lower purchase minimums in other circumstances.

After a maximum of seven years from the initial purchase date, Class B shares convert automatically to Class A shares of the fund at NAV.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Prospectus

Fund Summary

Fund/Class:
Fidelity Advisor Freedom 2030 Fund^®/A, T, B, C

Investment Objective

The fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.

Fee Table

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

Shareholder fees (fees paid directly from your investment)
	Class A	Class T	Class B	Class C
Maximum sales charge (load) on purchases (as a % of offering price)	5.75%	3.50%	None	None
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption proceeds)	None^A	None^A	5.00%^B	1.00%^C

^BDeclines over 6 years from 5.00% to 0%.

^COn Class C shares redeemed less than one year after purchase.

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

<R>	Class A	Class T	Class B	Class C</R>
<R>Management fee	None	None	None	None</R>
<R>Distribution and/or Service (12b-1) fees	0.25%	0.50%	1.00%	1.00%</R>
<R>Other expenses	0.00%	0.00%	0.00%	0.00%</R>
<R>Acquired fund fees and expenses	0.76%	0.76%	0.76%	0.76%</R>
<R>Total annual operating expenses^A	1.01%	1.26%	1.76%	1.76%</R>

<R>^ADiffers from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses.</R>

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

<R>	Class A		Class T		Class B		Class C</R>
<R>	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares</R>
<R>1 year	$ 672	$ 672	$ 474	$ 474	$ 679	$ 179	$ 279	$ 179</R>
<R>3 years	$ 878	$ 878	$ 736	$ 736	$ 854	$ 554	$ 554	$ 554</R>
<R>5 years	$ 1,101	$ 1,101	$ 1,017	$ 1,017	$ 1,154	$ 954	$ 954	$ 954</R>
<R>10 years	$ 1,740	$ 1,740	$ 1,819	$ 1,819	$ ,1,782	$ 1,782	$ 2,073	$ 2,073</R>

Prospectus

Fund Summary - continued

Portfolio Turnover

Principal Investment Strategies

Investing in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds using a moderate asset allocation strategy designed for investors expecting to retire around the year 2030.
Allocating assets among underlying Fidelity funds according to an asset allocation strategy that becomes increasingly conservative until it reaches approximately 15% in domestic equity funds, 5% in international equity funds, 40% in bond funds, and 40% in short-term funds (approximately 10 to 15 years after the year 2030).
Using an asset allocation among underlying Fidelity funds as of March 31, 2011, of approximately:

Principal Investment Risks

Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.
<R>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.</R>
<R>Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.</R>
<R>Foreign Exposure. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.</R>
<R>Prepayment. The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.</R>
<R>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease. Lower-quality debt securities (those of less than investment-grade quality) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</R>
<R>Leverage Risk. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.</R>
<R>"Growth" Investing. "Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.</R>
<R>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</R>
<R>Quantitative Investing. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends.</R>
<R>Small Cap Investing. The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.</R>
<R>Commodity-Linked Investing. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures and their value may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments.</R>

Performance

Prospectus

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

Year-by-Year Returns

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

<R>Calendar Years				2004	2005	2006	2007	2008	2009	2010</R>
<R>				9.23%	7.53%	13.14%	8.98%	-38.90%	31.57%	15.16%</R>

<R>During the periods shown in the chart for Class A:	Returns	Quarter ended</R>
<R>Highest Quarter Return	18.60%	June 30, 2009</R>
<R>Lowest Quarter Return	-21.73%	December 31, 2008</R>
<R>Year-to-Date Return	4.35%	March 31, 2011</R>

Average Annual Returns

<R>For the periods ended December 31, 2010	Past 1 year	Past 5 years	Life of class^A</R>
<R>Class A - Return Before Taxes	8.53%	1.47%	4.90%</R>
<R> Return After Taxes on Distributions	7.83%	0.67%	4.22%</R>
<R> Return After Taxes on Distributions and Sale of Fund Shares	5.68%	0.98%	3.99%</R>
<R>Class T - Return Before Taxes	10.74%	1.69%	4.96%</R>
<R>Class B - Return Before Taxes	9.24%	1.56%	4.99%</R>
<R>Class C - Return Before Taxes	13.24%	1.90%	4.95%</R>
<R>S&P 500^® Index (reflects no deduction for fees, expenses, or taxes)	15.06%	2.29%	5.48%</R>
<R>Fidelity^® Freedom 2030 Composite Index (reflects no deduction for fees, expenses, or taxes)	13.35%	3.52%	6.79%</R>

<R>^AFrom July 24, 2003.</R>

Investment Adviser

Strategic Advisers, Inc. (Strategic Advisers), an affiliate of Fidelity Management & Research Company (FMR), is the fund's manager.

Portfolio Manager(s)

Christopher Sharpe (co-manager) has managed the fund since September 2007.

Jonathan Shelon (co-manager) has managed the fund since July 2003.

Purchase and Sale of Shares

You may buy or sell Class A, Class T, Class B, and Class C shares of the fund through a retirement account or through an investment professional. You may buy or sell shares in various ways:

Internet www.advisor.fidelity.com
Phone To reach a Fidelity representative 1-877-208-0098
Mail
Fidelity Investments P.O. Box 770002 Cincinnati, OH 45277-0081	Overnight Express: Fidelity Investments 100 Crosby Parkway Covington, KY 41015

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

Initial Purchase Minimum	$2,500
For Fidelity Advisor^® Traditional IRA, Roth IRA, Rollover IRA, Simplified Employee Pension-IRA, and Keogh accounts	$500
Through a regular investment plan established at the time the fund position is opened	$100

The fund may waive or lower purchase minimums in other circumstances.

After a maximum of seven years from the initial purchase date, Class B shares convert automatically to Class A shares of the fund at NAV.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Prospectus

Fund Summary

Fund/Class:
Fidelity Advisor Freedom 2035 Fund^®/A, T, B, C

Investment Objective

The fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.

Fee Table

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

Shareholder fees (fees paid directly from your investment)
	Class A	Class T	Class B	Class C
Maximum sales charge (load) on purchases (as a % of offering price)	5.75%	3.50%	None	None
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption proceeds)	None^A	None^A	5.00%^B	1.00%^C

^BDeclines over 6 years from 5.00% to 0%.

^COn Class C shares redeemed less than one year after purchase.

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

<R>	Class A	Class T	Class B	Class C</R>
<R>Management fee	None	None	None	None</R>
<R>Distribution and/or Service (12b-1) fees	0.25%	0.50%	1.00%	1.00%</R>
<R>Other expenses	0.00%	0.00%	0.00%	0.00%</R>
<R>Acquired fund fees and expenses	0.79%	0.79%	0.79%	0.79%</R>
<R>Total annual operating expenses^A	1.04%	1.29%	1.79%	1.79%</R>

<R>^ADiffers from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses.</R>

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

<R>	Class A		Class T		Class B		Class C</R>
<R>	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares</R>
<R>1 year	$ 675	$ 675	$ 477	$ 477	$ 682	$ 182	$ 282	$ 182</R>
<R>3 years	$ 887	$ 887	$ 745	$ 745	$ 863	$ 563	$ 563	$ 563</R>
<R>5 years	$ 1,116	$ 1,116	$ 1,033	$ 1,033	$ 1,170	$ 970	$ 970	$ 970</R>
<R>10 years	$ 1,773	$ 1,773	$ 1,852	$ 1,852	$ 1,815	$ 1,815	$ 2,105	$ 2,105</R>

Prospectus

Fund Summary - continued

Portfolio Turnover

Principal Investment Strategies

Investing in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds using a moderate asset allocation strategy designed for investors expecting to retire around the year 2035.
Allocating assets among underlying Fidelity funds according to an asset allocation strategy that becomes increasingly conservative until it reaches approximately 15% in domestic equity funds, 5% in international equity funds, 40% in bond funds, and 40% in short-term funds (approximately 10 to 15 years after the year 2035).
Using an asset allocation among underlying Fidelity funds as of March 31, 2011, of approximately:

Principal Investment Risks

Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.
<R>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.</R>
<R>Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.</R>
<R>Foreign Exposure. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.</R>
<R>Prepayment. The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.</R>
<R>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease. Lower-quality debt securities (those of less than investment-grade quality) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</R>
<R>Leverage Risk. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.</R>
<R>"Growth" Investing. "Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.</R>
<R>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</R>
<R>Quantitative Investing. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends.</R>
<R>Small Cap Investing. The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.</R>
<R>Commodity-Linked Investing. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures and their value may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments.</R>

Performance

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

Prospectus

Year-by-Year Returns

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

<R>Calendar Years				2004	2005	2006	2007	2008	2009	2010</R>
<R>				9.80%	7.74%	13.17%	9.04%	-39.53%	32.08%	15.73%</R>

<R>During the periods shown in the chart for Class A:	Returns	Quarter ended</R>
<R>Highest Quarter Return	18.91%	June 30, 2009</R>
<R>Lowest Quarter Return	-22.12%	December 31, 2008</R>
<R>Year-to-Date Return	4.67%	March 31, 2011</R>

Average Annual Returns

<R>For the periods ended December 31, 2010	Past 1 year	Past 5 years	Life of class^A </R>
<R>Class A - Return Before Taxes	9.08%	1.46%	4.16%</R>
<R> Return After Taxes on Distributions	8.45%	0.72%	3.50%</R>
<R> Return After Taxes on Distributions and Sale of Fund Shares	6.05%	0.99%	3.35%</R>
<R>Class T - Return Before Taxes	11.39%	1.69%	4.22%</R>
<R>Class B - Return Before Taxes	9.84%	1.54%	4.23%</R>
<R>Class C - Return Before Taxes	13.89%	1.91%	4.24%</R>
<R>S&P 500^® Index (reflects no deduction for fees, expenses, or taxes)	15.06%	2.29%	4.53%</R>
<R>Fidelity^® Freedom 2035 Composite Index (reflects no deduction for fees, expenses, or taxes)	14.10%	3.62%	6.06%</R>

<R>^AFrom November 6, 2003.</R>

Investment Adviser

Strategic Advisers, Inc. (Strategic Advisers), an affiliate of Fidelity Management & Research Company (FMR), is the fund's manager.

Portfolio Manager(s)

Christopher Sharpe (co-manager) has managed the fund since September 2007.

Jonathan Shelon (co-manager) has managed the fund since November 2003.

Purchase and Sale of Shares

You may buy or sell Class A, Class T, Class B, and Class C shares of the fund through a retirement account or through an investment professional. You may buy or sell shares in various ways:

Internet www.advisor.fidelity.com
Phone To reach a Fidelity representative 1-877-208-0098
Mail
Fidelity Investments P.O. Box 770002 Cincinnati, OH 45277-0081	Overnight Express: Fidelity Investments 100 Crosby Parkway Covington, KY 41015

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

Initial Purchase Minimum	$2,500
For Fidelity Advisor^® Traditional IRA, Roth IRA, Rollover IRA, Simplified Employee Pension-IRA, and Keogh accounts	$500
Through a regular investment plan established at the time the fund position is opened	$100

The fund may waive or lower purchase minimums in other circumstances.

After a maximum of seven years from the initial purchase date, Class B shares convert automatically to Class A shares of the fund at NAV.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Prospectus

Fund Summary

Fund/Class:
Fidelity Advisor Freedom 2040 Fund^®/A, T, B, C

Investment Objective

The fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.

Fee Table

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

Shareholder fees (fees paid directly from your investment)
	Class A	Class T	Class B	Class C
Maximum sales charge (load) on purchases (as a % of offering price)	5.75%	3.50%	None	None
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption proceeds)	None^A	None^A	5.00%^B	1.00%^C

^BDeclines over 6 years from 5.00% to 0%.

^COn Class C shares redeemed less than one year after purchase.

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

<R>	Class A	Class T	Class B	Class C</R>
<R>Management fee	None	None	None	None</R>
<R>Distribution and/or Service (12b-1) fees	0.25%	0.50%	1.00%	1.00%</R>
<R>Other expenses	0.00%	0.00%	0.00%	0.00%</R>
<R>Acquired fund fees and expenses	0.80%	0.80%	0.80%	0.80%</R>
<R>Total annual operating expenses^A	1.05%	1.30%	1.80%	1.80%</R>

<R>^ADiffers from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses.</R>

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

<R>	Class A		Class T		Class B		Class C</R>
<R>	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares</R>
<R>1 year	$ 676	$ 676	$ 478	$ 478	$ 683	$ 183	$ 283	$ 183</R>
<R>3 years	$ 890	$ 890	$ 748	$ 748	$ 866	$ 566	$ 566	$ 566</R>
<R>5 years	$ 1,121	$ 1,121	$ 1,038	$ 1,038	$ 1,175	$ 975	$ 975	$ 975</R>
<R>10 years	$ 1,784	$ 1,784	$ 1,863	$ 1,863	$ 1,826	$ 1,826	$ 2,116	$ 2,116</R>

Prospectus

Fund Summary - continued

Portfolio Turnover

Principal Investment Strategies

Investing in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds using a moderate asset allocation strategy designed for investors expecting to retire around the year 2040.
Allocating assets among underlying Fidelity funds according to an asset allocation strategy that becomes increasingly conservative until it reaches approximately 15% in domestic equity funds, 5% in international equity funds, 40% in bond funds, and 40% in short-term funds (approximately 10 to 15 years after the year 2040).
Using an asset allocation among underlying Fidelity funds as of March 31, 2011, of approximately:

Principal Investment Risks

Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.
<R>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.</R>
<R>Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.</R>
<R>Foreign Exposure. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.</R>
<R>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. Lower-quality debt securities (those of less than investment-grade quality) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</R>
<R>"Growth" Investing. "Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.</R>
<R>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</R>
<R>Quantitative Investing. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends.</R>
<R>Small Cap Investing. The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.</R>
<R>Commodity-Linked Investing. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures and their value may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments.</R>

Performance

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

Prospectus

Year-by-Year Returns

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

<R>Calendar Years				2004	2005	2006	2007	2008	2009	2010</R>
<R>				10.04%	7.81%	13.78%	9.08%	-40.76%	32.98%	15.86%</R>

<R>During the periods shown in the chart for Class A:	Returns	Quarter ended</R>
<R>Highest Quarter Return	19.62%	June 30, 2009</R>
<R>Lowest Quarter Return	-22.94%	December 31, 2008</R>
<R>Year-to-Date Return	4.77%	March 31, 2011</R>

Average Annual Returns

<R>For the periods ended December 31, 2010	Past 1 year	Past 5 years	Life of class^A</R>
<R>Class A - Return Before Taxes	9.20%	1.32%	5.10%</R>
<R> Return After Taxes on Distributions	8.56%	0.54%	4.44%</R>
<R> Return After Taxes on Distributions and Sale of Fund Shares	6.13%	0.87%	4.19%</R>
<R>Class T - Return Before Taxes	11.60%	1.54%	5.17%</R>
<R>Class B - Return Before Taxes	10.08%	1.39%	5.20%</R>
<R>Class C - Return Before Taxes	14.14%	1.77%	5.15%</R>
<R>S&P 500^® Index (reflects no deduction for fees, expenses, or taxes)	15.06%	2.29%	5.48%</R>
<R>Fidelity^® Freedom 2040 Composite Index (reflects no deduction for fees, expenses, or taxes)	14.15%	3.47%	7.07%</R>

<R>^AFrom July 24, 2003.</R>

Investment Adviser

Strategic Advisers, Inc. (Strategic Advisers), an affiliate of Fidelity Management & Research Company (FMR), is the fund's manager.

Portfolio Manager(s)

Christopher Sharpe (co-manager) has managed the fund since September 2007.

Jonathan Shelon (co-manager) has managed the fund since July 2003.

Purchase and Sale of Shares

You may buy or sell Class A, Class T, Class B, and Class C shares of the fund through a retirement account or through an investment professional. You may buy or sell shares in various ways:

Internet www.advisor.fidelity.com
Phone To reach a Fidelity representative 1-877-208-0098
Mail
Fidelity Investments P.O. Box 770002 Cincinnati, OH 45277-0081	Overnight Express: Fidelity Investments 100 Crosby Parkway Covington, KY 41015

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

Initial Purchase Minimum	$2,500
For Fidelity Advisor^® Traditional IRA, Roth IRA, Rollover IRA, Simplified Employee Pension-IRA, and Keogh accounts	$500
Through a regular investment plan established at the time the fund position is opened	$100

The fund may waive or lower purchase minimums in other circumstances.

After a maximum of seven years from the initial purchase date, Class B shares convert automatically to Class A shares of the fund at NAV.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Prospectus

Fund Summary

Fund/Class:
Fidelity Advisor Freedom 2045 Fund^®/A, T, B, C

Investment Objective

The fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.

Fee Table

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

Shareholder fees (fees paid directly from your investment)
	Class A	Class T	Class B	Class C
Maximum sales charge (load) on purchases (as a % of offering price)	5.75%	3.50%	None	None
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption proceeds)	None^A	None^A	5.00%^B	1.00%^C

^BDeclines over 6 years from 5.00% to 0%.

^COn Class C shares redeemed less than one year after purchase.

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

<R>	Class A	Class T	Class B	Class C</R>
<R>Management fee	None	None	None	None</R>
<R>Distribution and/or Service (12b-1) fees	0.25%	0.50%	1.00%	1.00%</R>
<R>Other expenses	0.00%	0.00%	0.00%	0.00%</R>
<R>Acquired fund fees and expenses	0.80%	0.80%	0.80%	0.80%</R>
<R>Total annual operating expenses^A	1.05%	1.30%	1.80%	1.80%</R>

<R>^ADiffers from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses.</R>

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

<R>	Class A		Class T		Class B		Class C</R>
<R>	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares</R>
<R>1 year	$ 676	$ 676	$ 478	$ 478	$ 683	$ 183	$ 283	$ 183</R>
<R>3 years	$ 890	$ 890	$ 748	$ 748	$ 866	$ 566	$ 566	$ 566</R>
<R>5 years	$ 1,121	$ 1,121	$ 1,038	$ 1,038	$ 1,175	$ 975	$ 975	$ 975</R>
<R>10 years	$ 1,784	$ 1,784	$ 1,863	$ 1,863	$ 1,826	$ 1,826	$ 2,116	$ 2,116</R>

Prospectus

Fund Summary - continued

Portfolio Turnover

Principal Investment Strategies

Investing in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds using a moderate asset allocation strategy designed for investors expecting to retire around the year 2045.
Allocating assets among underlying Fidelity funds according to an asset allocation strategy that becomes increasingly conservative until it reaches approximately 15% in domestic equity funds, 5% in international equity funds, 40% in bond funds, and 40% in short-term funds (approximately 10 to 15 years after the year 2045).
Using an asset allocation among underlying Fidelity funds as of March 31, 2011, of approximately:

Principal Investment Risks

Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.
<R>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.</R>
<R>Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.</R>
<R>Foreign Exposure. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.</R>
<R>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. Lower-quality debt securities (those of less than investment-grade quality) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</R>
<R>"Growth" Investing. "Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.</R>
<R>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</R>
<R>Quantitative Investing. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends.</R>
<R>Small Cap Investing. The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.</R>
<R>Commodity-Linked Investing. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures and their value may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments.</R>

Performance

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

Prospectus

Year-by-Year Returns

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

<R>Calendar Years							2007	2008	2009	2010</R>
<R>							9.43%	-41.34%	33.10%	16.24%</R>

<R>During the periods shown in the chart for Class A:	Returns	Quarter ended</R>
<R>Highest Quarter Return	19.71%	June 30, 2009</R>
<R>Lowest Quarter Return	-23.29%	December 31, 2008</R>
<R>Year-to-Date Return	4.89%	March 31, 2011</R>

Average Annual Returns

<R>For the periods ended December 31, 2010	Past 1 year	Life of class^A</R>
<R>Class A - Return Before Taxes	9.56%	0.49%</R>
<R> Return After Taxes on Distributions	8.95%	-0.12%</R>
<R> Return After Taxes on Distributions and Sale of Fund Shares	6.37%	0.19%</R>
<R>Class T - Return Before Taxes	11.85%	0.76%</R>
<R>Class B - Return Before Taxes	10.24%	0.62%</R>
<R>Class C - Return Before Taxes	14.19%	1.04%</R>
<R>S&P 500^® Index (reflects no deduction for fees, expenses, or taxes)	15.06%	1.66%</R>
<R>Fidelity^® Freedom 2045 Composite Index (reflects no deduction for fees, expenses, or taxes)	14.29%	2.71%</R>

<R>^AFrom June 1, 2006.</R>

Investment Adviser

Strategic Advisers, Inc. (Strategic Advisers), an affiliate of Fidelity Management & Research Company (FMR), is the fund's manager.

Portfolio Manager(s)

Christopher Sharpe (co-manager) has managed the fund since September 2007.

Jonathan Shelon (co-manager) has managed the fund since June 2006.

Purchase and Sale of Shares

You may buy or sell Class A, Class T, Class B, and Class C shares of the fund through a retirement account or through an investment professional. You may buy or sell shares in various ways:

Internet www.advisor.fidelity.com
Phone To reach a Fidelity representative 1-877-208-0098
Mail
Fidelity Investments P.O. Box 770002 Cincinnati, OH 45277-0081	Overnight Express: Fidelity Investments 100 Crosby Parkway Covington, KY 41015

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

Initial Purchase Minimum	$2,500
For Fidelity Advisor^® Traditional IRA, Roth IRA, Rollover IRA, Simplified Employee Pension-IRA, and Keogh accounts	$500
Through a regular investment plan established at the time the fund position is opened	$100

The fund may waive or lower purchase minimums in other circumstances.

After a maximum of seven years from the initial purchase date, Class B shares convert automatically to Class A shares of the fund at NAV.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Prospectus

Fund Summary

Fund/Class:
Fidelity Advisor Freedom 2050 Fund^®/A, T, B, C

Investment Objective

The fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.

Fee Table

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

Shareholder fees (fees paid directly from your investment)
	Class A	Class T	Class B	Class C
Maximum sales charge (load) on purchases (as a % of offering price)	5.75%	3.50%	None	None
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption proceeds)	None^A	None^A	5.00%^B	1.00%^C

^BDeclines over 6 years from 5.00% to 0%.

^COn Class C shares redeemed less than one year after purchase.

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

<R>	Class A	Class T	Class B	Class C</R>
<R>Management fee	None	None	None	None</R>
<R>Distribution and/or Service (12b-1) fees	0.25%	0.50%	1.00%	1.00%</R>
<R>Other expenses	0.00%	0.00%	0.00%	0.00%</R>
<R>Acquired fund fees and expenses	0.82%	0.82%	0.82%	0.82%</R>
<R>Total annual operating expenses^A	1.07%	1.32%	1.82%	1.82%</R>

<R>^ADiffers from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses.</R>

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

<R>	Class A		Class T		Class B		Class C</R>
<R>	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares</R>
<R>1 year	$ 678	$ 678	$ 480	$ 480	$ 685	$ 185	$ 285	$ 185</R>
<R>3 years	$ 896	$ 896	$ 754	$ 754	$ 873	$ 573	$ 573	$ 573</R>
<R>5 years	$ 1,131	$ 1,131	$ 1,048	$ 1,048	$ 1,185	$ 985	$ 985	$ 985</R>
<R>10 years	$ 1,806	$ 1,806	$ 1,885	$ 1,885	$ 1,848	$ 1,848	$ 2,137	$ 2,137</R>

Prospectus

Fund Summary - continued

Portfolio Turnover

Principal Investment Strategies

Investing in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds using a moderate asset allocation strategy designed for investors expecting to retire around the year 2050.
Allocating assets among underlying Fidelity funds according to an asset allocation strategy that becomes increasingly conservative until it reaches approximately 15% in domestic equity funds, 5% in international equity funds, 40% in bond funds, and 40% in short-term funds (approximately 10 to 15 years after the year 2050).
Using an asset allocation among underlying Fidelity funds as of March 31, 2011, of approximately:

Principal Investment Risks

Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.
<R>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.</R>
<R>Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.</R>
<R>Foreign Exposure. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.</R>
<R>Subsidiary Risk. Investment in an unregistered subsidiary is not subject to the investor protections of the Investment Company Act of 1940 (1940 Act) and is subject to the risks associated with investing in derivatives and commodity-linked investing in general. Changes in tax and other laws could negatively affect investments in the subsidiary.</R>
<R>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. Lower-quality debt securities (those of less than investment-grade quality) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</R>
<R>"Growth" Investing. "Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.</R>
<R>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</R>
<R>Quantitative Investing. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends.</R>
<R>Small Cap Investing. The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.</R>
<R>Commodity-Linked Investing. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures and their value may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments.</R>

Performance

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

Prospectus

Year-by-Year Returns

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

<R>Calendar Years							2007	2008	2009	2010</R>
<R>							9.63%	-42.44%	33.71%	16.43%</R>

<R>During the periods shown in the chart for Class A:	Returns	Quarter ended</R>
<R>Highest Quarter Return	20.65%	June 30, 2009</R>
<R>Lowest Quarter Return	-24.07%	December 31, 2008</R>
<R>Year-to-Date Return	4.97%	March 31, 2011</R>

Average Annual Returns

<R>For the periods ended December 31, 2010	Past 1 year	Life of class^A</R>
<R>Class A - Return Before Taxes	9.73%	0.27%</R>
<R> Return After Taxes on Distributions	9.15%	-0.32%</R>
<R> Return After Taxes on Distributions and Sale of Fund Shares	6.49%	0.03%</R>
<R>Class T - Return Before Taxes	11.89%	0.54%</R>
<R>Class B - Return Before Taxes	10.44%	0.43%</R>
<R>Class C - Return Before Taxes	14.44%	0.86%</R>
<R>S&P 500^® Index (reflects no deduction for fees, expenses, or taxes)	15.06%	1.66%</R>
<R>Fidelity^® Freedom 2050 Composite Index (reflects no deduction for fees, expenses, or taxes)	14.46%	2.43%</R>

<R>^AFrom June 1, 2006.</R>

Investment Adviser

Strategic Advisers, Inc. (Strategic Advisers), an affiliate of Fidelity Management & Research Company (FMR), is the fund's manager.

Portfolio Manager(s)

Christopher Sharpe (co-manager) has managed the fund since September 2007.

Jonathan Shelon (co-manager) has managed the fund since June 2006.

Purchase and Sale of Shares

You may buy or sell Class A, Class T, Class B, and Class C shares of the fund through a retirement account or through an investment professional. You may buy or sell shares in various ways:

Internet www.advisor.fidelity.com
Phone To reach a Fidelity representative 1-877-208-0098
Mail
Fidelity Investments P.O. Box 770002 Cincinnati, OH 45277-0081	Overnight Express: Fidelity Investments 100 Crosby Parkway Covington, KY 41015

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

Initial Purchase Minimum	$2,500
For Fidelity Advisor^® Traditional IRA, Roth IRA, Rollover IRA, Simplified Employee Pension-IRA, and Keogh accounts	$500
Through a regular investment plan established at the time the fund position is opened	$100

The fund may waive or lower purchase minimums in other circumstances.

After a maximum of seven years from the initial purchase date, Class B shares convert automatically to Class A shares of the fund at NAV.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Prospectus

Fund Summary

<R>Fund/Class:
Fidelity Advisor Freedom^SM 2055 Fund/A, T, C</R>

Investment Objective

The fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.

Fee Table

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

Shareholder fees (fees paid directly from your investment)
	Class A	Class T	Class C
Maximum sales charge (load) on purchases (as a % of offering price)	5.75%	3.50%	None
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption proceeds)	None^A	None^A	1.00%^B

^BOn Class C shares redeemed less than one year after purchase.

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

	Class A	Class T	Class C
Management fee	None	None	None
Distribution and/or Service (12b-1) fees	0.25%	0.50%	1.00%
Other expenses^A	0.00%	0.00%	0.00%
Acquired fund fees and expenses^A	0.82%	0.82%	0.82%
Total annual operating expenses	1.07%	1.32%	1.82%

^ABased on estimated amounts for the current fiscal year.

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

	Class A		Class T		Class C
	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares
1 year	$ 678	$ 678	$ 480	$ 480	$ 285	$ 573
3 years	$ 896	$ 896	$ 754	$ 754	$ 185	$ 573

Portfolio Turnover

The fund will not incur transaction costs, such as commissions, when it buys and sells shares of underlying Fidelity funds (or "turns over" its portfolio), but it could incur transaction costs if it were to buy and sell other types of securities directly. If the fund were to buy and sell other types of securities directly, a higher portfolio turnover rate could indicate higher transaction costs and could result in higher taxes when fund shares are held in a taxable account. Such costs, if incurred, would not be reflected in annual operating expenses or in the example and would affect the fund's performance.

Prospectus

Fund Summary - continued

Principal Investment Strategies

Investing in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds using a moderate asset allocation strategy designed for investors expecting to retire around the year 2055.
Allocating assets among underlying Fidelity funds according to an asset allocation strategy that becomes increasingly conservative until it reaches approximately 15% in domestic equity funds, 5% in international equity funds, 40% in bond funds, and 40% in short-term funds (approximately 10 to 15 years after the year 2055).
Using a target allocation as of the fund's inception of approximately:

Principal Investment Risks

Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.
Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.
Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.
Foreign Exposure. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.
Subsidiary Risk. Investment in an unregistered subsidiary is not subject to the investor protections of the Investment Company Act of 1940 (1940 Act) and is subject to the risks associated with investing in derivatives and commodity-linked investing in general. Changes in tax and other laws could negatively affect investments in the subsidiary.
Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. Lower-quality debt securities (those of less than investment-grade quality) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments and can be difficult to resell.
"Growth" Investing. "Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.
"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.
Quantitative Investing. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends.
Small Cap Investing. The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.
Commodity-Linked Investing. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures and their value may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments.

Performance

Performance history will be available for the fund after the fund has been in operation for one calendar year.

Investment Adviser

Strategic Advisers, Inc. (Strategic Advisers), an affiliate of Fidelity Management & Research Company (FMR), is the fund's manager.

Portfolio Manager(s)

Christopher Sharpe (co-manager) and Jonathan Shelon (co-manager) have managed the fund since June 2011.

Purchase and Sale of Shares

You may buy or sell Class A, Class T, and Class C shares of the fund through a retirement account or through an investment professional. You may buy or sell shares in various ways:

Internet www.advisor.fidelity.com
Phone To reach a Fidelity representative 1-877-208-0098
Mail
Fidelity Investments P.O. Box 770002 Cincinnati, OH 45277-0081	Overnight Express: Fidelity Investments 100 Crosby Parkway Covington, KY 41015

The price to buy one share of Class A or Class T is its offering price, if you pay a front-end sales charge, or its net asset value per share (NAV), if you qualify for a front-end sales charge waiver. The price to buy one share of Class C is its NAV. Your shares will be bought at the offering price or NAV, as applicable, next calculated after your order is received in proper form.

The price to sell one share of Class A, Class T, or Class C is its NAV, minus any applicable contingent deferred sales charge (CDSC). Your shares will be sold at the NAV next calculated after your order is received in proper form, minus any applicable CDSC.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

Initial Purchase Minimum	$2,500
For Fidelity Advisor^® Traditional IRA, Roth IRA, Rollover IRA, Simplified Employee Pension-IRA, and Keogh accounts	$500
Through a regular investment plan established at the time the fund position is opened	$100

The fund may waive or lower purchase minimums in other circumstances.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Prospectus

Fund Basics

Investment Details

Investment Objective

Fidelity Advisor Freedom Income Fund seeks high total return with a secondary objective of principal preservation.

Each of 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 seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.

Principal Investment Strategies

Strategic Advisers invests each Fidelity Advisor Freedom Fund's assets in a combination of Fidelity funds: domestic equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity funds). The Fidelity Advisor Freedom Funds^® differ primarily due to their asset allocations among these fund types. Because each Fidelity Advisor Freedom Fund allocates its assets among the underlying Fidelity funds based on fund types rather than on the actual holdings of the underlying Fidelity funds, each Fidelity Advisor Freedom Fund may have greater exposure to an asset class to the extent that an underlying Fidelity fund holds securities of more than one asset class. The target asset allocation strategy for each Fidelity Advisor Freedom Fund is designed to provide an approach to asset allocation that is neither overly aggressive nor overly conservative.

Strategic Advisers allocates the assets of each Fidelity Advisor Freedom Fund with a target retirement date (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) among underlying Fidelity funds according to an asset allocation strategy that becomes increasingly conservative over time. Each fund's name refers to the approximate retirement year of the investors for whom the fund's asset allocation strategy is designed. For example, Fidelity Advisor Freedom 2055 Fund, which is designed for investors planning to retire around the year 2055, has a relatively aggressive target asset allocation, with a substantial portion of its assets invested in domestic equity funds and international equity funds and a modest portion of its assets invested in bond funds. By contrast, Fidelity Advisor Freedom 2005 Fund, which has reached its target retirement year, has a relatively conservative target asset allocation, with less than half of its assets invested in domestic equity and international equity funds and the majority of its assets invested in bond funds and short-term funds.

Fidelity Advisor Freedom Income Fund is designed for investors in their retirement years. Strategic Advisers allocates the fund's assets according to a stable target asset allocation that emphasizes bond funds and short-term funds but also includes a small amount of domestic equity funds and international equity funds.

The following table contains guidelines designed to help investors select an appropriate Fidelity Advisor Freedom Fund. The guidelines are based on the year in which the investor anticipates his or her retirement to begin and assume a retirement age of 65 and that the investor will withdraw the value of his or her account in the fund gradually after retirement.

Retirement Year	Fund
Retired before 2003	Fidelity Advisor Freedom Income Fund
2003 - 2007	Fidelity Advisor Freedom 2005 Fund
2008 - 2012	Fidelity Advisor Freedom 2010 Fund
2013 - 2017	Fidelity Advisor Freedom 2015 Fund
2018 - 2022	Fidelity Advisor Freedom 2020 Fund
2023 - 2027	Fidelity Advisor Freedom 2025 Fund
2028 - 2032	Fidelity Advisor Freedom 2030 Fund
2033 - 2037	Fidelity Advisor Freedom 2035 Fund
2038 - 2042	Fidelity Advisor Freedom 2040 Fund
2043 - 2047	Fidelity Advisor Freedom 2045 Fund
2048 - 2052	Fidelity Advisor Freedom 2050 Fund
2053 - 2057	Fidelity Advisor Freedom 2055 Fund

The following table lists the underlying Fidelity funds in which each Fidelity Advisor Freedom Fund currently may invest and each Fidelity Advisor Freedom Fund's (other than Fidelity Advisor Freedom 2055 Fund's) approximate asset allocation to each underlying Fidelity fund as of March 31, 2011. Fidelity Advisor Freedom 2055 Fund's approximate target asset allocation to each underlying Fidelity fund is as of the fund's inception. Strategic Advisers may change these percentages over time.

Prospectus

Fund Basics - continued

<R>Fund Categories	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	Fidelity Advisor Freedom 2055 Fund</R>
<R>DOMESTIC EQUITY FUNDS Domestic Equity Funds												</R>
<R>Fidelity Advisor^® Equity Growth Fund	1.4%	2.6%	3.2%	3.2%	3.8%	4.4%	4.6%	5.2%	5.3%	5.4%	5.6%	5.6%</R>
<R>Fidelity Advisor Growth & Income Fund	1.9%	3.7%	4.4%	4.5%	5.3%	6.1%	6.5%	7.3%	7.3%	7.5%	7.8%	7.9%</R>
<R>Fidelity Advisor Large Cap Fund	1.9%	3.6%	4.3%	4.5%	5.2%	6.1%	6.4%	7.2%	7.3%	7.4%	7.8%	7.8%</R>
<R>Fidelity Advisor Small Cap Fund	0.7%	1.4%	1.6%	1.7%	2.0%	2.3%	2.4%	2.7%	2.7%	2.8%	2.9%	2.8%</R>
<R>Fidelity^® Series 100 Index Fund	1.6%	3.2%	3.8%	3.9%	4.5%	5.2%	5.6%	6.2%	6.3%	6.4%	6.7%	6.7%</R>
<R>Fidelity Series All-Sector Equity Fund	2.7%	5.3%	6.3%	6.4%	7.6%	8.8%	9.3%	10.4%	10.5%	10.7%	11.2%	11.2%</R>
<R>Fidelity Series Large Cap Value Fund	2.7%	5.3%	6.4%	6.5%	7.7%	8.8%	9.4%	10.5%	10.6%	10.9%	11.3%	11.2%</R>
<R>Fidelity Series Small Cap Opportunities Fund	0.7%	1.3%	1.6%	1.6%	1.9%	2.2%	2.3%	2.6%	2.7%	2.7%	2.8%	2.8%</R>
<R>Commodity Fund												</R>
<R>Fidelity Series Commodity Strategy Fund	0.8%	3.6%	4.4%	4.5%	5.6%	6.8%	7.4%	8.7%	8.8%	9.2%	9.9%	9.9%</R>
<R>INTERNATIONAL EQUITY FUNDS Developed International Equity Funds												</R>
<R>Fidelity Advisor Diversified International Fund	0.8%	1.5%	1.8%	1.9%	2.2%	2.6%	2.7%	3.0%	3.1%	3.2%	3.3%	2.4%</R>
<R>Fidelity Advisor Overseas Fund	0.7%	1.5%	1.8%	1.9%	2.2%	2.5%	2.7%	3.0%	3.1%	3.1%	3.3%	2.4%</R>
<R>Fidelity Series International Growth Fund	1.4%	2.9%	3.5%	3.5%	4.2%	4.9%	5.1%	5.8%	5.8%	5.9%	6.2%	6.8%</R>
<R>Fidelity Series International Small Cap Fund	0.3%	0.5%	0.7%	0.7%	0.8%	0.9%	1.0%	1.1%	1.1%	1.2%	1.2%	1.5%</R>
<R>Fidelity Series International Value Fund	1.4%	2.8%	3.3%	3.4%	4.0%	4.7%	5.0%	5.6%	5.7%	5.8%	6.0%	6.8%</R>
<R>Emerging Markets Equity Fund												</R>
<R>Fidelity Series Emerging Markets Fund	0.8%	1.7%	2.0%	2.1%	2.5%	2.8%	3.0%	3.4%	3.4%	3.5%	3.6%	4.1%</R>
<R>BOND FUNDS Investment-Grade Bond Funds												</R>
<R>Fidelity Advisor Strategic Real Return Fund^A	4.4%	4.0%	4.7%	4.7%	4.2%	3.5%	3.3%	1.8%	1.4%	0.8%	0.1%	0.0%</R>
<R>Fidelity Series Investment Grade Bond Fund	20.0%	18.3%	21.0%	21.7%	19.2%	16.3%	15.6%	8.3%	6.8%	4.1%	0.9%	0.1%</R>
<R>Inflation-Protected Bond Fund												</R>
<R>Fidelity Series Inflation-Protected Bond Index Fund	10.9%	9.0%	9.5%	8.8%	6.7%	3.7%	0.4%	0.0%	0.0%	0.0%	0.0%	0.0%</R>
<R>High Yield Bond Funds												</R>
<R>Fidelity Series Emerging Markets Debt Fund^B	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.2%</R>
<R>Fidelity Series High Income Fund^B	4.9%	4.8%	4.9%	4.9%	6.3%	7.2%	7.2%	7.1%	8.0%	9.3%	9.3%	9.8%</R>
<R>SHORT-TERM FUNDS												</R>
<R>Fidelity Advisor Short Fixed-Income Fund	19.7%	10.9%	5.3%	4.7%	1.9%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%</R>
<R>Money Market Portfolio	20.2%	12.0%	5.4%	4.8%	2.1%	0.1%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%</R>
<R> Note: The allocation percentages may not add to 100% due to rounding.												</R>

<R>^AFidelity Advisor Strategic Real Return Fund is an Institutional Class of Fidelity Strategic Real Return Fund.</R>

<R>^BNew underlying fund added on or about March 14, 2011.</R>

Prospectus

<R>The following chart illustrates each Fidelity Advisor Freedom Fund's (other than Fidelity Advisor Freedom 2055 Fund) approximate current asset allocation among domestic equity funds, international equity funds, bond funds, and short-term funds. The approximate asset allocation for Fidelity Advisor Freedom 2055 Fund is as of the fund's inception. The chart also illustrates how these allocations may change over time. The Fidelity Advisor Freedom Funds' target asset allocations may differ from this illustration.</R>

When the target asset allocation of a Fidelity Advisor Freedom Fund with a target retirement date matches Fidelity Advisor Freedom Income Fund's target asset allocation (approximately 10 to 15 years after the fund's retirement date), the Board of Trustees may combine the fund with Fidelity Advisor Freedom Income Fund, without shareholder approval, and the fund's shareholders will become shareholders of Fidelity Advisor Freedom Income Fund.

Strategic Advisers intends to manage each Fidelity Advisor Freedom Fund according to its target asset allocation strategy, and does not intend to trade actively among underlying Fidelity funds or intend to attempt to capture short-term market opportunities. However, Strategic Advisers may modify the target asset allocation strategy for any Fidelity Advisor Freedom Fund and modify the selection of underlying Fidelity funds for any Fidelity Advisor Freedom Fund from time to time.

Description of Underlying Fidelity Funds

Each Fidelity Advisor Freedom Fund will purchase Institutional Class shares of any underlying Fidelity fund that offers Advisor classes of shares. Each Fidelity Advisor Freedom Fund will purchase Institutional Class shares of Money Market Portfolio.

<R>Although the underlying Fidelity funds are categorized generally as domestic equity, international equity, bond, and short-term funds, many of the underlying Fidelity funds may invest in a mix of securities of foreign and domestic issuers, investment-grade and high yield bonds, and other securities.</R>

Domestic Equity Funds

Fidelity Advisor Equity Growth Fund seeks capital appreciation.

FMR normally invests at least 80% of the fund's assets in equity securities. FMR normally invests the fund's assets primarily in common stocks.

FMR invests the fund's assets in companies it believes have above-average growth potential. Growth may be measured by factors such as earnings or revenue.

Companies with high growth potential tend to be companies with higher than average price/earnings (P/E) or price/book (P/B) ratios. Companies with strong growth potential often have new products, technologies, distribution channels, or other opportunities, or have a strong industry or market position. The stocks of these companies are often called "growth" stocks.

FMR may invest the fund's assets in securities of foreign issuers in addition to securities of domestic issuers.

In buying and selling securities for the fund, FMR relies on fundamental analysis, which involves a bottom-up assessment of a company's potential for success in light of factors including its financial condition, earnings outlook, strategy, management, industry position, and economic and market conditions.

In addition to the principal investment strategies discussed above, FMR may lend the fund's securities to broker-dealers or other institutions to earn income for the fund.

Prospectus

Fund Basics - continued

If FMR's strategies do not work as intended, the fund may not achieve its objective.

Fidelity Advisor Growth & Income Fund seeks high total return through a combination of current income and capital appreciation.

FMR normally invests a majority of the fund's assets in common stocks with a focus on those that pay current dividends and show potential for capital appreciation. FMR may also invest the fund's assets in bonds, including lower-quality debt securities, as well as stocks that are not currently paying dividends, but offer prospects for future income or capital appreciation.

FMR may invest the fund's assets in securities of foreign issuers in addition to securities of domestic issuers.

FMR is not constrained by any particular investment style. At any given time, FMR may tend to buy "growth" stocks or "value" stocks, or a combination of both types. In buying and selling securities for the fund, FMR relies on fundamental analysis, which involves a bottom-up assessment of a company's potential for success in light of factors including its financial condition, earnings outlook, strategy, management, industry position, and economic and market conditions.

In addition to the principal investment strategies discussed above, FMR may lend the fund's securities to broker-dealers or other institutions to earn income for the fund.

If FMR's strategies do not work as intended, the fund may not achieve its objective.

Fidelity Advisor Large Cap Fund seeks long-term growth of capital.

FMR normally invests the fund's assets primarily in common stocks.

FMR normally invests at least 80% of the fund's assets in securities of companies with large market capitalizations. Although a universal definition of large market capitalization companies does not exist, for purposes of this fund, FMR generally defines large market capitalization companies as those whose market capitalization is similar to the market capitalization of companies in the Russell 1000^® Index or the S&P 500^® Index. A company's market capitalization is based on its current market capitalization or its market capitalization at the time of the fund's investment. The size of the companies in each index changes with market conditions and the composition of the index.

FMR may invest the fund's assets in securities of foreign issuers in addition to securities of domestic issuers.

FMR is not constrained by any particular investment style. At any given time, FMR may tend to buy "growth" stocks or "value" stocks, or a combination of both types. In buying and selling securities for the fund, FMR relies on fundamental analysis, which involves a bottom-up assessment of a company's potential for success in light of factors including its financial condition, earnings outlook, strategy, management, industry position, and economic and market conditions.

In addition to the principal investment strategies discussed above, FMR may lend the fund's securities to broker-dealers or other institutions to earn income for the fund.

If FMR's strategies do not work as intended, the fund may not achieve its objective.

Fidelity Advisor Small Cap Fund seeks long-term growth of capital.

FMR normally invests the fund's assets primarily in common stocks.

FMR normally invests at least 80% of the fund's assets in securities of companies with small market capitalizations. Although a universal definition of small market capitalization companies does not exist, for purposes of this fund, FMR generally defines small market capitalization companies as those whose market capitalization is similar to the market capitalization of companies in the Russell 2000^® Index or the S&P SmallCap 600^® Index. A company's market capitalization is based on its current market capitalization or its market capitalization at the time of the fund's investment. The size of the companies in each index changes with market conditions and the composition of the index.

FMR may invest the fund's assets in securities of foreign issuers in addition to securities of domestic issuers.

FMR is not constrained by any particular investment style. At any given time, FMR may tend to buy "growth" stocks or "value" stocks, or a combination of both types. In buying and selling securities for the fund, FMR relies on fundamental analysis, which involves a bottom-up assessment of a company's potential for success in light of factors including its financial condition, earnings outlook, strategy, management, industry position, and economic and market conditions.

In addition to the principal investment strategies discussed above, FMR may lend the fund's securities to broker-dealers or other institutions to earn income for the fund.

If FMR's strategies do not work as intended, the fund may not achieve its objective.

Prospectus

Fidelity^® Series 100 Index Fund seeks to provide investment results that correspond to the total return of stocks of large capitalization United States companies.

Geode Capital Management, LLC (Geode) normally invests at least 80% of the fund's assets in common stocks included in the S&P 100^® Index. The S&P 100 Index, a subset of the S&P 500 Index, is composed of 100 leading U.S. stocks with exchange-listed options. The stocks in the S&P 100 Index are generally among the largest and most established companies in the S&P 500 Index, sometimes referred to as mega cap stocks.

The fund may not always hold all of the same securities as the S&P 100 Index. Geode may use statistical sampling techniques to attempt to replicate the returns of the S&P 100 Index. Statistical sampling techniques attempt to match the investment characteristics of the index and the fund by taking into account such factors as capitalization, industry exposures, dividend yield, P/E ratio, P/B ratio, and earnings growth.

The fund may not track the index perfectly because differences between the index and the fund's portfolio can cause differences in performance. In addition, expenses and transaction costs, the size and frequency of cash flows into and out of the fund, and differences between how and when the fund and the index are valued can cause differences in performance.

In addition to the principal investment strategies discussed above, the fund may lend securities to broker-dealers or other institutions to earn income.

<R>Geode may also use various techniques, such as buying and selling futures contracts, swaps, and exchange traded funds, to increase or decrease the fund's exposure to changing security prices or other factors that affect security values.</R>

<R>If Geode's strategies do not work as intended, the fund may not achieve its objective.</R>

Fidelity Series All-Sector Equity Fund seeks capital appreciation.

FMR normally invests the fund's assets primarily in common stocks.

FMR normally invests at least 80% of the fund's assets in equity securities.

FMR may invest the fund's assets in securities of foreign issuers in addition to securities of domestic issuers.

FMR allocates the fund's assets across different market sectors, using different Fidelity managers to handle investments within each sector. At present, these sectors include consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, telecom services, and utilities.

FMR expects the fund's sector allocations will approximate the sector weightings of the S&P 500 Index. While FMR may overweight or underweight one or more sectors from time to time, FMR expects the returns of the fund to be driven primarily by the security selections of the managers of each sector.

FMR is not constrained by any particular investment style. At any given time, FMR may tend to buy "growth" stocks or "value" stocks, or a combination of both types. In buying and selling securities for the fund, FMR relies on fundamental analysis, which involves a bottom-up assessment of a company's potential for success in light of factors including its financial condition, earnings outlook, strategy, management, industry position, and economic and market conditions.

In addition to the principal investment strategies discussed above, FMR may lend the fund's securities to broker-dealers or other institutions to earn income for the fund.

<R>FMR may also use various techniques, such as buying and selling futures contracts and exchange traded funds, to increase or decrease the fund's exposure to changing security prices or other factors that affect security values.</R>

<R>If FMR's strategies do not work as intended, the fund may not achieve its objective.</R>

Fidelity Series Large Cap Value Fund seeks long-term growth of capital.

FMR normally invests the fund's assets primarily in common stocks.

FMR normally invests at least 80% of the fund's assets in securities of companies with large market capitalizations. Although a universal definition of large market capitalization companies does not exist, for purposes of this fund, FMR generally defines large market capitalization companies as those whose market capitalization is similar to the market capitalization of companies in the Russell 1000^® Index or the S&P 500 Index. A company's market capitalization is based on its current market capitalization or its market capitalization at the time of the fund's investment. The size of the companies in each index changes with market conditions and the composition of the index.

FMR invests in companies that it believes are undervalued in the marketplace in relation to factors such as the company's assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry. Companies with these characteristics tend to have lower than average P/B, price/sales (P/S), or P/E ratios. The stocks of these companies are often called "value" stocks.

FMR uses the Russell 1000 Value Index as a guide in structuring the fund and selecting its investments. FMR considers the fund's security, industry, and market capitalization weightings relative to the index.

FMR may invest the fund's assets in securities of foreign issuers in addition to securities of domestic issuers.

In buying and selling securities for the fund, FMR uses a disciplined approach that involves both quantitative and fundamental analysis. Quantitative analysis refers to programmatic models that analyze such factors as growth potential, valuation, liquidity, and investment risk based on data inputs. Fundamental analysis involves a bottom-up assessment of a company's potential for success in light of factors including its financial condition, earnings outlook, strategy, management, industry position, and economic and market conditions.

Prospectus

Fund Basics - continued

In addition to the principal investment strategies discussed above, FMR may lend the fund's securities to broker-dealers or other institutions to earn income for the fund.

<R>If FMR's strategies do not work as intended, the fund may not achieve its objective.</R>

Fidelity Series Small Cap Opportunities Fund seeks capital appreciation.

FMR normally invests the fund's assets primarily in common stocks.

FMR may invest the fund's assets in securities of foreign issuers in addition to securities of domestic issuers.

FMR expects the fund's sector allocations will approximate the sector weightings of the Russell 2000 Index. While FMR may overweight or underweight one or more sectors from time to time, FMR expects the returns of the fund to be driven primarily by the security selections of the managers of each sector.

FMR is not constrained by any particular investment style. At any given time, FMR may tend to buy "growth" stocks or "value" stocks, or a combination of both types. In buying and selling securities for the fund, FMR relies on fundamental analysis, which involves a bottom-up assessment of a company's potential for success in light of factors including its financial condition, earnings outlook, strategy, management, industry position, and economic and market conditions.

In addition to the principal investment strategies discussed above, FMR may lend the fund's securities to broker-dealers or other institutions to earn income for the fund.

<R>If FMR's strategies do not work as intended, the fund may not achieve its objective.</R>

Commodity Fund

Fidelity Series Commodity Strategy Fund seeks to provide investment returns that correspond to the performance of the commodities market.

Geode normally expects to invest the fund's assets in commodity-linked notes, other commodity-linked derivative instruments, short-term investment-grade debt securities, cash, and cash equivalents. Commodities are assets that have physical properties, such as oil and other energy products, metals, and agricultural products. Commodity-linked derivative instruments include commodity-linked notes; total return swaps, options, or forward contracts based on the value of commodities or commodities indices; and commodity futures. The fund intends to provide exposure to the commodities market but will not be managed to take delivery of physical commodities. The fund may divest of commodity-linked derivative instruments to avoid delivery.

The fund seeks to track the performance of an index chosen by Geode to represent the commodities market, as well as short-term investment-grade debt securities. As of July 31, 2010, Geode was using the Dow Jones-UBS Commodity Index Total Return^SM to represent the commodities market.

Geode may invest up to 25% of the fund's assets in a wholly-owned subsidiary of the fund organized under the laws of the Cayman Islands (the Subsidiary). The Subsidiary is managed by the same investment adviser as the fund. The Subsidiary is expected to invest directly in commodity-linked derivative instruments, in particular total return swaps, options, or forward contracts based on the value of commodities or commodities indices, and commodity futures. The Subsidiary will not be managed to take delivery of physical commodities, and may divest of certain commodity-linked derivative instruments (namely commodity futures) to avoid delivery.

Geode may invest the fund's assets in securities of foreign issuers in addition to securities of domestic issuers.

Because the fund is considered non-diversified, Geode may invest a significant percentage of the fund's assets in a single issuer.

<R>In addition to the principal investment strategies discussed above, the fund may also lend securities to broker-dealers or other institutions to earn income. When Geode believes that suitable commodity-linked derivative instruments are not available, or during other unusual market conditions, Geode may leave all or a significant portion of the fund's assets invested in cash, cash equivalents, or short-term investment-grade debt securities.</R>

<R>If Geode's strategies do not work as intended, the fund may not achieve its objective.</R>

Prospectus

Developed International Equity Funds

Fidelity Advisor Diversified International Fund seeks capital growth.

FMR normally invests the fund's assets primarily in non-U.S. securities. FMR normally invests the fund's assets primarily in common stocks.

FMR normally allocates the fund's investments across different countries and regions.

In addition to the principal investment strategies discussed above, FMR may lend the fund's securities to broker-dealers or other institutions to earn income for the fund.

<R>If FMR's strategies do not work as intended, the fund may not achieve its objective.</R>

Fidelity Advisor Overseas Fund seeks long-term growth of capital.

FMR normally invests at least 80% of the fund's assets in non-U.S. securities. FMR normally invests the fund's assets primarily in common stocks.

FMR normally allocates the fund's investments across different countries and regions.

In addition to the principal investment strategies discussed above, FMR may lend the fund's securities to broker-dealers or other institutions to earn income for the fund.

<R>If FMR's strategies do not work as intended, the fund may not achieve its objective.</R>

Fidelity Series International Growth Fund seeks capital appreciation.

FMR normally invests the fund's assets primarily in non-U.S. securities, including securities of issuers located in emerging markets. FMR normally invests the fund's assets primarily in common stocks. FMR invests the fund's assets in companies it believes have above-average growth potential. Growth may be measured by factors such as earnings or revenue.

Companies with high growth potential tend to be companies with higher than average P/E or P/B ratios. Companies with strong growth potential often have new products, technologies, distribution channels, or other opportunities, or have a strong industry or market position. The stocks of these companies are often called "growth" stocks.

FMR normally allocates the fund's investments across different countries and regions.

In addition to the principal investment strategies discussed above, FMR may lend the fund's securities to broker-dealers or other institutions to earn income for the fund.

<R>If FMR's strategies do not work as intended, the fund may not achieve its objective.</R>

Fidelity Series International Small Cap Fund seeks capital appreciation.

FMR normally invests the fund's assets primarily in non-U.S. securities, including securities of issuers located in emerging markets.

FMR normally invests at least 80% of the fund's assets in securities of companies with small market capitalizations. Although a universal definition of small market capitalization companies does not exist, for purposes of this fund, FMR generally defines small market capitalization companies as those with market capitalizations of $5 billion or less. A company's market capitalization is based on its current market capitalization or its market capitalization at the time of the fund's investment. FMR normally invests the fund's assets primarily in common stocks.

FMR normally allocates the fund's investments across different countries and regions.

In addition to the principal investment strategies discussed above, FMR may lend the fund's securities to broker-dealers or other institutions to earn income for the fund.

Prospectus

Fund Basics - continued

<R>If FMR's strategies do not work as intended, the fund may not achieve its objective.</R>

Fidelity Series International Value Fund seeks capital appreciation.

FMR invests in securities of companies that it believes are undervalued in the marketplace in relation to factors such as the company's assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry. FMR considers traditional and other measures of value such as P/B ratio, P/S ratio, P/E ratio, earnings relative to enterprise value (the total value of a company's outstanding equity and debt), and the discounted value of a company's projected future free cash flows. The types of companies in which the fund may invest include companies experiencing positive fundamental change, such as a new management team or product launch, a significant cost-cutting initiative, a merger or acquisition, or a reduction in industry capacity that should lead to improved pricing; companies whose earnings potential has increased or is expected to increase more than generally perceived; and companies that have enjoyed recent market popularity but which appear to have temporarily fallen out of favor for reasons that are considered non-recurring or short-term.

FMR normally allocates the fund's investments across different countries and regions.

In addition to the principal investment strategies discussed above, FMR may lend the fund's securities to broker-dealers or other institutions to earn income for the fund.

<R>If FMR's strategies do not work as intended, the fund may not achieve its objective.</R>

Emerging Markets Equity Fund

Fidelity Series Emerging Markets Fund seeks capital appreciation.

FMR normally invests at least 80% of the fund's assets in securities of issuers in emerging markets and other investments that are tied economically to emerging markets. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets with similar emerging characteristics. Emerging markets tend to have relatively low gross national product per capita compared to the world's major economies and may have the potential for rapid economic growth. FMR normally invests the fund's assets primarily in common stocks.

FMR normally allocates the fund's investments across different emerging market countries.

FMR expects the fund's sector allocations will approximate the sector weightings of the MSCI^® Emerging Markets Index. While FMR may overweight or underweight one or more sectors from time to time, FMR expects the returns of the fund to be driven primarily by the security selections of the managers of each sector.

In addition to the principal investment strategies discussed above, FMR may lend the fund's securities to broker-dealers or other institutions to earn income for the fund.

<R>If FMR's strategies do not work as intended, the fund may not achieve its objective.</R>

Investment-Grade Bond Funds

Fidelity Advisor Strategic Real Return Fund seeks real return consistent with reasonable investment risk.

FMR defines real return as total return reduced by the expected impact of inflation. In seeking real return, FMR expects to allocate the fund's assets among four general investment categories: inflation-protected debt securities, floating rate loans, commodity-linked notes and related investments, and REITs and other real estate related investments.

The fund's neutral mix, or the benchmark for its combination of investments in each category over time, is approximately 30% inflation-protected debt securities, 25% floating rate loans, 25% commodity-linked notes and related investments, and 20% REITs and other real estate related investments. FMR regularly reviews the fund's allocation and makes changes gradually over time to favor investments that it believes provide the most favorable outlook for achieving the fund's objective. By allocating investments across different types of securities, FMR attempts to moderate the significant risks of each category through diversification.

Prospectus

The floating rate loan category includes floating rate loans, many of which are lower quality, and other floating rate securities such as money market securities, repurchase agreements, and shares of money market and short-term bond funds. The inflation-protected debt category includes U.S. dollar-denominated inflation-protected debt securities such as those issued by the U.S. Treasury, inflation-protected debt securities issued by other U.S. Government agencies and instrumentalities and other entities such as corporations and foreign governments, mortgage and other debt securities, swaps, and futures. The commodity-linked notes and related investments category includes commodity-linked notes and other commodity-linked derivative instruments, such as commodity futures and swaps, that seek to track all or part of the performance of an index chosen by FMR to represent the commodities market, as well as short-term investment-grade debt securities. As of September 30, 2010, FMR was using the Dow Jones UBS Commodity Index Total Return^SM to represent the commodities market. The REIT and other real estate related investments category includes common and preferred stocks of REITs that either own properties or make construction or mortgage loans, mortgage securities, and other debt and equity securities of real estate developers, companies with substantial real estate holdings, and other companies whose products and services are related to the real estate industry.

In buying and selling debt securities for the fund, FMR generally analyzes a security's structural features and current price compared to its long-term value. In selecting foreign securities, FMR's analysis also considers the credit, currency, and economic risks associated with the security and the country of its issuer. FMR may also consider an issuer's potential for success in light of its current financial condition, its industry position, and economic and market conditions. In buying and selling equity securities for the fund, FMR relies on fundamental analysis, which involves a bottom-up assessment of a company's potential for success in light of factors including its financial condition, earnings outlook, strategy, management, industry position, and economic and market conditions.

FMR uses central funds to help invest the fund's assets. Central funds are specialized investment vehicles managed by FMR affiliates that are designed to be used by Fidelity funds. Fidelity uses them to invest in particular security types or investment disciplines; for example, rather than buy bonds directly, the fund may invest in a central fund that buys bonds. Fidelity does not charge any additional management fees for central funds. Central funds offer exposure to some or all of the following types of investment-grade and lower-quality debt securities: corporate bonds, mortgage and other asset-backed securities, floating rate loans, and BB-rated securities. Central funds may also focus on other types of securities, including commodity-linked derivative instruments.

In addition to the principal investment strategies discussed above, FMR may engage in transactions that have a leveraging effect on the fund, including investments in derivatives, regardless of whether the fund may own the asset, instrument or components of the index underlying the derivative, and forward-settling securities. In addition to commodity-linked derivative instruments in the fund's commodity-linked notes and related investments category, the fund's derivative investments may include interest rate swaps, total return swaps, credit default swaps, and futures contracts (both long and short positions) on securities and indexes. Depending on FMR's outlook and market conditions, FMR may engage in these transactions to increase or decrease the fund's exposure to changing security prices, interest rates, credit qualities, or other factors that affect security values, or to gain or reduce exposure to an asset, instrument, or index.

If FMR's strategies do not work as intended, the fund may not achieve its objective.

Fidelity Series Investment Grade Bond Fund seeks a high level of current income.

FMR normally invests at least 80% of the fund's assets in investment-grade debt securities (those of medium and high quality) of all types and repurchase agreements for those securities.

FMR uses the Barclays Capital^® U.S. Aggregate Bond Index as a guide in structuring the fund and selecting its investments. FMR manages the fund to have similar overall interest rate risk to the index.

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

FMR allocates the fund's assets among different market sectors (for example, corporate, asset-backed, or government securities) and different maturities based on its view of the relative value of each sector or maturity.

FMR may invest the fund's assets in securities of foreign issuers in addition to securities of domestic issuers.

FMR may engage in transactions that have a leveraging effect on the fund, including investments in derivatives, regardless of whether the fund may own the asset, instrument or components of the index underlying the derivative, and forward-settling securities. FMR may invest a significant portion of the fund's assets in these types of investments. The fund's derivative investments may include interest rate swaps, total return swaps, credit default swaps, and futures contracts (both long and short positions) on securities and indexes. Depending on FMR's outlook and market conditions, FMR may engage in these transactions to increase or decrease the fund's exposure to changing security prices, interest rates, credit qualities, or other factors that affect security values, or to gain or reduce exposure to an asset, instrument, or index. Government legislation or regulation of derivatives could affect the fund's use of derivatives and could limit the fund's ability to pursue its investment strategies.

Prospectus

Fund Basics - continued

FMR may also invest up to 10% of the fund's assets in lower-quality debt securities.

To earn additional income for the fund, FMR may use a trading strategy that involves selling (or buying) mortgage securities and simultaneously agreeing to purchase (or sell) mortgage securities on a later date at a set price. This trading strategy may increase interest rate exposure and result in an increased portfolio turnover rate which increases transaction costs and may increase taxable gains.

FMR uses central funds to help invest the fund's assets. Central funds are specialized investment vehicles managed by FMR affiliates that are designed to be used by Fidelity funds. Fidelity uses them to invest in particular security types or investment disciplines; for example, rather than buying bonds directly the fund might invest in a central fund that buys bonds. Fidelity does not charge any additional management fees for central funds. Central funds offer exposure to some or all of the following types of investment-grade and lower-quality debt securities: corporate bonds, mortgage and other asset-backed securities, floating rate loans, and BB-rated securities. Central funds may also focus on other types of securities.

If FMR's strategies do not work as intended, the fund may not achieve its objective.

Inflation-Protected Bond Fund

Fidelity Series Inflation-Protected Bond Index Fund seeks to provide investment results that correspond to the total return of the inflation-protected sector of the United States Treasury market.

FMR normally invests at least 80% of the fund's assets in inflation-protected debt securities included in the Barclays Capital 1-10 Year U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) (the Index). The Index is composed of inflation-protected debt securities issued by the U.S. Treasury with maturities between one and ten years.

FMR may use statistical sampling techniques to attempt to replicate the returns of the Index using a smaller number of securities. Statistical sampling techniques attempt to match the investment characteristics of the Index and the fund by taking into account such factors as duration, maturity, interest rate sensitivity, security structure, and credit quality.

<R>FMR may engage in transactions that have a leveraging effect on the fund, including investments in derivatives, regardless of whether the fund may own the asset, instrument or components of the index underlying the derivative, and forward-settling securities. FMR may invest a significant portion of the fund's assets in these types of investments. The fund's derivative investments may include interest rate swaps, total return swaps, credit default swaps, and futures contracts (both long and short positions) on securities and indexes. Depending on FMR's outlook and market conditions, FMR may engage in these transactions to increase or decrease the fund's exposure to changing security prices, interest rates, credit qualities, or other factors that affect security values, or to gain or reduce exposure to an asset, instrument, or index.</R>

The fund may not track the Index perfectly because differences between the Index and the fund's portfolio can cause differences in performance. In addition, expenses and transaction costs, the size and frequency of cash flows into and out of the fund, and differences between how and when the fund and the Index are valued can cause differences in performance.

In addition to the principal investment strategies discussed above, FMR may invest the fund's assets in debt securities by investing in other funds.

If FMR's strategies do not work as intended, the fund may not achieve its objective.

High Yield Bond Funds

Fidelity Series Emerging Markets Debt Fund seeks high total return.

FMR normally invests at least 80% of the fund's assets in debt securities of issuers in emerging markets and other debt investments that are tied economically to emerging markets. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets with similar emerging characteristics. Emerging markets tend to have relatively low gross national product per capita compared to the world's major economies and may have the potential for rapid economic growth.

FMR may also invest in debt securities of non-emerging market foreign issuers and lower-quality debt securities of U.S. issuers.

FMR normally allocates the fund's investments across different emerging market countries.

Because the fund is considered non-diversified, FMR may invest a significant percentage of the fund's assets in a single issuer.

In buying and selling securities for the fund, FMR generally analyzes a security's structural features and current price compared to its long-term value and any short-term trading opportunities resulting from market inefficiencies. FMR's analysis also considers the credit, currency, and economic risks associated with the security and the country of its issuer.

In addition to the principal investment strategies discussed above, FMR may lend the fund's securities to broker-dealers or other institutions to earn income for the fund.

FMR may also use various techniques, such as buying and selling futures contracts and exchange traded funds, to increase or decrease the fund's exposure to changing security prices, interest rates, or other factors that affect security values. FMR may also use options contracts as tools in the management of portfolio assets.

If FMR's strategies do not work as intended, the fund may not achieve its objective.

Prospectus

Fidelity Series High Income Fund seeks a high level of current income. Growth of capital may also be considered.

FMR normally invests the fund's assets primarily in income-producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities. Many lower-quality debt securities are subject to legal or contractual restrictions limiting FMR's ability to resell the securities to the general public. FMR may also invest the fund's assets in non-income producing securities, including defaulted securities and common stocks. FMR currently intends to limit common stocks to 10% of the fund's total assets. FMR may invest in companies whose financial condition is troubled or uncertain and that may be involved in bankruptcy proceedings, reorganizations, or financial restructurings.

FMR uses the credit quality distribution of an index representing the overall high yield bond market as a guide in structuring the fund's credit quality composition. FMR generally expects the fund to be less heavily invested in issuers with the lowest credit ratings than the index weighting of such issuers. As of inception, FMR used The BofA Merrill Lynch US High Yield Constrained Index to represent the overall high yield bond market.

FMR may invest the fund's assets in securities of foreign issuers in addition to securities of domestic issuers.

In buying and selling securities for the fund, FMR relies on fundamental analysis of each issuer and its potential for success in light of its current financial condition, its industry position, and economic and market conditions. Factors considered include a security's structural features and current price compared to its long-term value, and the earnings potential, credit standing, and management of the security's issuer.

In addition to the principal investment strategies discussed above, FMR may use various techniques, such as buying and selling futures contracts and exchange traded funds, to increase or decrease the fund's exposure to changing security prices, interest rates, or other factors that affect security values. FMR may invest the fund's assets in investment-grade debt securities by investing in other funds.

If FMR's strategies do not work as intended, the fund may not achieve its objective.

Short-Term Funds

Fidelity Advisor Short Fixed-Income Fund seeks to obtain a high level of current income consistent with the preservation of capital.

FMR normally invests at least 80% of the fund's assets in investment-grade debt securities (those of medium and high quality) of all types and repurchase agreements for those securities.

FMR uses the Barclays Capital U.S. 1-3 Year Government/Credit Bond Index as a guide in structuring the fund and selecting its investments. FMR manages the fund to have similar overall interest rate risk to the index.

In addition, the fund normally maintains a dollar-weighted average maturity of three years or less. As of August 31, 2010, the fund's dollar-weighted average maturity was approximately 2.5 years and the index's dollar-weighted average maturity was approximately 2.0 years. In determining a security's maturity for purposes of calculating the fund's average maturity, an estimate of the average time for its principal to be paid may be used. This can be substantially shorter than its stated maturity.

FMR may invest the fund's assets in securities of foreign issuers in addition to securities of domestic issuers.

FMR uses central funds to help invest the fund's assets. Central funds are specialized investment vehicles managed by FMR affiliates that are designed to be used by Fidelity funds. Fidelity uses them to invest in particular security types or investment disciplines; for example, rather than buying bonds directly the fund might invest in a central fund that buys bonds. Fidelity does not charge any additional management fees for central funds. Central funds offer exposure to some or all of the following types of investment-grade and lower-quality debt securities: corporate bonds, mortgage and other asset-backed securities, floating rate loans, and BB-rated securities. Central funds may also focus on other types of securities.

Prospectus

Fund Basics - continued

If FMR's strategies do not work as intended, the fund may not achieve its objective.

Money Market Portfolio seeks to obtain as high a level of current income as is consistent with the preservation of principal and liquidity within the limitations prescribed for the fund.

FMR invests the fund's assets in the highest-quality U.S. dollar-denominated money market securities of domestic and foreign issuers, U.S. Government securities, and repurchase agreements. FMR also may enter into reverse repurchase agreements for the fund. Securities are "highest-quality" if rated in the highest category by at least two nationally recognized rating services or by one if only one rating service has rated a security, or, if unrated, determined to be of equivalent quality by FMR.

FMR will invest more than 25% of the fund's total assets in the financial services industries.

In buying and selling securities for the fund, FMR complies with industry-standard regulatory requirements for money market funds regarding the quality, maturity, and diversification of the fund's investments. FMR stresses maintaining a stable $1.00 share price, liquidity, and income.

Principal Investment Risks

Many factors affect each Fidelity Advisor Freedom Fund's performance. Each Fidelity Advisor Freedom Fund's share price and Fidelity Advisor Freedom Income Fund's yield changes daily based on the performance of the underlying Fidelity funds in which it invests. The ability of each Fidelity Advisor Freedom Fund to meet its investment objective is directly related to its target asset allocation among underlying Fidelity funds and the ability of those funds to meet their investment objectives. If Strategic Advisers' asset allocation strategy does not work as intended, a Fidelity Advisor Freedom Fund may not achieve its objective. When you sell your shares they may be worth more or less than what you paid for them, which means that you could lose money by investing in a fund.

The following factors can significantly affect a Fidelity Advisor Freedom Fund's performance:

Investing in Other Funds. A fund bears all risks of investment strategies employed by the underlying funds. A fund does not control the investments of the underlying funds, which may have different investment objectives and may engage in investment strategies that a fund would not engage in directly. Aggregation of underlying fund holdings may result in indirect concentration of assets in a particular industry or group of industries, or in a single issuer, which may increase volatility.

Stock Market Volatility. The value of equity securities fluctuates in response to issuer, political, market, and economic developments. Fluctuations can be dramatic over the short as well as long term, and different parts of the market and different types of equity securities can react differently to these developments. For example, large cap stocks can react differently from small cap stocks, and "growth" stocks can react differently from "value" stocks. Issuer, political, or economic developments can affect a single issuer, issuers within an industry or economic sector or geographic region, or the market as a whole. Changes in the financial condition of a single issuer can impact the market as a whole. Terrorism and related geo-political risks have led, and may in the future lead, to increased short-term market volatility and may have adverse long-term effects on world economies and markets generally.

Floating Rate Loan Trading. The value of the collateral securing a floating rate loan can decline, be insufficient to meet the obligations of the borrower, or be difficult to liquidate. As a result, a floating rate loan may not be fully collateralized and can decline significantly in value. Floating rate loans generally are subject to legal or contractual restrictions on resale. The liquidity of floating rate loans, including the volume and frequency of secondary market trading in such loans, varies significantly over time and among individual floating rate loans. For example, if the credit quality of a floating rate loan unexpectedly declines significantly, secondary market trading in that floating rate loan can also decline for a period of time. During periods of infrequent trading, valuing a floating rate loan can be more difficult, and buying and selling a floating rate loan at an acceptable price can be more difficult and delayed. Difficulty in selling a floating rate loan can result in a loss.

Interest Rate Changes. Debt and money market securities have varying levels of sensitivity to changes in interest rates. In general, the price of a debt or money market security can fall when interest rates rise and can rise when interest rates fall. Securities with longer maturities, mortgage securities, and the securities of issuers in the financial services sector can be more sensitive to interest rate changes. In other words, the longer the maturity of a security, the greater the impact a change in interest rates could have on the security's price. In addition, short-term and long-term interest rates do not necessarily move in the same amount or the same direction. Short-term securities tend to react to changes in short-term interest rates, and long-term securities tend to react to changes in long-term interest rates. Commodity-linked instruments may react differently from other types of debt securities because the payment at maturity is based on the movement of all or part of the commodities or commodities index.

Foreign Exposure. Foreign securities, foreign currencies, and securities issued by U.S. entities with substantial foreign operations, and securities for which an entity located in a foreign country provides credit support or a maturity-shortening structure can involve additional risks relating to political, economic, or regulatory conditions in foreign countries. These risks include fluctuations in foreign currencies; withholding or other taxes; trading, settlement, custodial, and other operational risks; and the less stringent investor protection and disclosure standards of some foreign markets. All of these factors can make foreign investments, especially those in emerging markets, more volatile and potentially less liquid than U.S. investments. In addition, foreign markets can perform differently from the U.S. market.

Prospectus

Investing in emerging markets can involve risks in addition to and greater than those generally associated with investing in more developed foreign markets. The extent of economic development; political stability; market depth, infrastructure, and capitalization; and regulatory oversight can be less than in more developed markets. Emerging market economies can be subject to greater social, economic, regulatory, and political uncertainties. All of these factors can make emerging market securities more volatile and potentially less liquid than securities issued in more developed markets.

Industry Exposure. Market conditions, interest rates, and economic, regulatory, or financial developments could significantly affect a single industry or a group of related industries, and the securities of companies in that industry or group of industries could react similarly to these or other developments. In addition, from time to time, a small number of companies may represent a large portion of a single industry or a group of related industries as a whole, and these companies can be sensitive to adverse economic, regulatory, or financial developments.

The commodities industries can be significantly affected by the level and volatility of commodity prices; world events including international monetary and political developments; import controls and worldwide competition; exploration and production spending; and tax and other government regulations and economic conditions.

Companies in the financial services industries are highly dependent on the supply of short-term financing. The value of securities of issuers in the financial services industries can be sensitive to changes in government regulation and interest rates and to economic downturns in the United States and abroad.

The real estate industry is particularly sensitive to economic downturns. The value of securities of issuers in the real estate industry, including REITs, can be affected by changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, and the management skill and creditworthiness of the issuer. In addition, the value of a REIT can depend on the structure of and cash flow generated by the REIT, and REITs may not have diversified holdings. Because REITs are pooled investment vehicles that have expenses of their own, the fund will indirectly bear its proportionate share of those expenses.

Subsidiary Risk. The investments held by the Subsidiary are generally similar to those that are permitted to be held by the underlying fund that invests in it and, therefore, the Subsidiary is subject to risks similar to those of such fund, including the risks associated with investing in derivatives and commodity-linked investing in general. Because the Subsidiary is organized under Cayman Islands law and is not registered under the 1940 Act, the Subsidiary is not subject to the investor protections of the 1940 Act. The underlying fund that invests in the Subsidiary relies on a private letter ruling received by other Fidelity funds from the Internal Revenue Service with respect to its investment in the Subsidiary. Changes in U.S. or Cayman Islands laws could result in the inability of such fund and/or the Subsidiary to operate as described in this prospectus.

Prepayment. Many types of debt securities, including mortgage securities, inflation-protected debt securities, and floating rate loans, are subject to prepayment risk. Prepayment risk occurs when the issuer of a security can repay principal prior to the security's maturity. Securities subject to prepayment can offer less potential for gains during a declining interest rate environment and similar or greater potential for loss in a rising interest rate environment. In addition, the potential impact of prepayment features on the price of a debt security can be difficult to predict and result in greater volatility.

Issuer-Specific Changes. Changes in the financial condition of an issuer or counterparty, changes in specific economic or political conditions that affect a particular type of security or issuer, and changes in general economic or political conditions can increase the risk of default by an issuer or counterparty, which can affect a security's or instrument's credit quality or value. Entities providing credit support or a maturity-shortening structure also can be affected by these types of changes. If the structure of a security fails to function as intended, the security could decline in value. Lower-quality debt securities (those of less than investment-grade quality) and certain types of other securities tend to be particularly sensitive to these changes.

Lower-quality debt securities and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities often fluctuates in response to company, political, or economic developments and can decline significantly over short as well as long periods of time or during periods of general or regional economic difficulty. Lower-quality debt securities can be thinly traded or have restrictions on resale, making them difficult to sell at an acceptable price. The default rate for lower-quality debt securities is likely to be higher during economic recessions or periods of high interest rates.

<R>Leverage Risk. Derivatives and forward-settling securities involve leverage because they can provide investment exposure in an amount exceeding the initial investment. Leverage can magnify investment risks and cause losses to be realized more quickly. A small change in the underlying asset, instrument, or index can lead to a significant loss. Assets segregated to cover these transactions may decline in value and are not available to meet redemptions. Forward-settling securities also involve the risk that a security will not be issued, delivered, or paid for when anticipated. Government legislation or regulation could affect the use of these transactions and could limit a fund's ability to pursue its investment strategies.</R>

"Growth" Investing. "Growth" stocks can react differently to issuer, political, market, and economic developments than the market as a whole and other types of stocks. "Growth" stocks tend to be more expensive relative to their earnings or assets compared to other types of stocks. As a result, "growth" stocks tend to be sensitive to changes in their earnings and more volatile than other types of stocks.

Prospectus

Fund Basics - continued

"Value" Investing. "Value" stocks can react differently to issuer, political, market, and economic developments than the market as a whole and other types of stocks. "Value" stocks tend to be inexpensive relative to their earnings or assets compared to other types of stocks. However, "value" stocks can continue to be inexpensive for long periods of time and may not ever realize their full value.

Inflation-Protected Debt Exposure. Inflation-protected debt securities tend to react to changes in real interest rates. Real interest rates represent nominal (stated) interest rates reduced by the expected impact of inflation. In general, the price of an inflation-protected debt security can fall when real interest rates rise, and can rise when real interest rates fall. Interest payments on inflation-protected debt securities can be unpredictable and will vary as the principal and/or interest is adjusted for inflation.

Quantitative Investing. The value of securities selected using quantitative analysis can react differently to issuer, political, market, and economic developments than the market as a whole or securities selected using only fundamental analysis. The factors used in quantitative analysis and the weight placed on those factors may not be predictive of a security's value. In addition, factors that affect a security's value can change over time and these changes may not be reflected in the quantitative model.

Small Cap Investing. The value of securities of smaller, less well-known issuers can be more volatile than that of larger issuers and can react differently to issuer, political, market, and economic developments than the market as a whole and other types of stocks. Smaller issuers can have more limited product lines, markets, and financial resources.

Commodity-Linked Investing. The performance of commodity-linked notes and related investments may depend on the performance of the overall commodities markets and on other factors that affect the value of commodities, including weather, political, tax, and other regulatory and market developments. Commodity-linked notes may be leveraged. For example, the price of a three-times leveraged note may change by a magnitude of three for every percentage change (positive or negative) in the value of the underlying index. Commodity-linked investments may be hybrid instruments that can have substantial risk of loss with respect to both principal and interest. Commodity-linked investments may be more volatile and less liquid than the underlying instruments or measures, are subject to the credit risks associated with the issuer, and their values may decline substantially if the issuer's creditworthiness deteriorates. As a result, returns of commodity-linked investments may deviate significantly from the return of the underlying commodity, instruments, or measures.

In response to market, economic, political, or other conditions, Strategic Advisers may temporarily use a different investment strategy for defensive purposes. If Strategic Advisers does so, different factors could affect a Fidelity Advisor Freedom Fund's performance and the fund may not achieve its investment objective.

Fundamental Investment Policies

The following policies are fundamental, that is, subject to change only by shareholder approval:

Fidelity Advisor Freedom Income Fund seeks high total return with a secondary objective of principal preservation.

Valuing Shares

Each fund is open for business each day the NYSE is open.

A class's NAV is the value of a single share. Fidelity normally calculates each class's NAV as of the close of business of the NYSE, normally 4:00 p.m. Eastern time. Each fund's assets normally are valued as of this time for the purpose of computing each class's NAV.

NAV is not calculated and a fund will not process purchase and redemption requests submitted on days when the fund is not open for business. The time at which shares are priced and until which purchase and redemption orders are accepted may be changed as permitted by the Securities and Exchange Commission (SEC).

<R>Shares of underlying Fidelity funds are valued at their respective NAVs. For an explanation of the circumstances under which the underlying Fidelity funds will use fair value pricing and the effects of using fair value pricing, see the underlying Fidelity funds' prospectuses and SAIs. Each fund's NAV is calculated using the values of the underlying Fidelity funds in which it invests.</R>

<R>To the extent that underlying Fidelity fund assets are traded in other markets on days when a fund is not open for business, the value of the fund's assets may be affected on those days. In addition, trading in some underlying Fidelity fund assets may not occur on days when a fund is open for business.</R>

Prospectus

Shareholder Information

Additional Information about the Purchase and Sale of Shares

General Information

Subject to certain limited exceptions described below, the funds no longer accepts investments in Class B shares. Existing Class B shareholders may continue (i) to hold their Class B shares (including any Class B shares acquired pursuant to an exchange or the reinvestment of dividends and capital gain distributions), (ii) to exchange their Class B shares for Class B shares of other Fidelity funds that offer Advisor classes of shares or for Advisor B Class shares of Treasury Fund, and (iii) to add to their accounts through the reinvestment of dividends and capital gain distributions paid on Class B shares (including through the Directed Dividends^® option), in each case until those Class B shares automatically convert to Class A shares under the existing conversion schedule. Any purchase order for Class B shares of a fund (other than pursuant to an exchange or the reinvestment of dividends and capital gain distributions) will be deemed to be a purchase order for Class A shares of the fund and will be subject to any applicable Class A front-end sales charge. For purposes of determining the applicable Class A sales charge, the value of a shareholder's account will be deemed to include the value of all applicable shares, including Class B shares, in all eligible accounts. For more information, please see the Fund Distribution section of the prospectus.

You may buy or sell Class A, Class T, Class B, or Class C shares of the funds through a retirement account or an investment professional. When you invest through a retirement account or an investment professional, the procedures for buying, selling, and exchanging Class A, Class T, Class B, or Class C shares of a fund and the account features and policies may differ. Additional fees may also apply to your investment in Class A, Class T, Class B, or Class C shares of a fund, including a transaction fee if you buy or sell Class A, Class T, Class B, or Class C shares of the fund through a broker or other investment professional.

You should include the following information with any order to buy, sell, or exchange shares:

Your name;
Your account number;
Name of fund whose shares you want to buy or sell; and
Dollar amount or number of shares you want to buy or sell.

Certain methods of contacting Fidelity, such as by telephone, may be unavailable or delayed (for example, during periods of unusual market activity).

Excessive Trading Policy

A fund may reject for any reason, or cancel as permitted or required by law, any purchase or exchange, including transactions deemed to represent excessive trading, at any time.

Excessive trading of fund shares can harm shareholders in various ways, including reducing the returns to long-term shareholders by increasing costs to a fund (such as brokerage commissions), disrupting portfolio management strategies, and diluting the value of the shares in cases in which fluctuations in markets are not fully priced into the fund's NAV.

The Board of Trustees has adopted policies designed to discourage excessive trading of fund shares. Excessive trading activity in a fund is measured by the number of roundtrip transactions in a shareholder's account and each class of a multiple class fund is treated separately. A roundtrip transaction occurs when a shareholder sells fund shares (including exchanges) within 30 days of the purchase date.

Shareholders with two or more roundtrip transactions in a single fund within a rolling 90-day period will be blocked from making additional purchases or exchange purchases of each fund for 85 days. Shareholders with four or more roundtrip transactions across all Fidelity funds within any rolling 12-month period will be blocked for at least 85 days from additional purchases or exchange purchases across all Fidelity funds. Any roundtrip within 12 months of the expiration of a multi-fund block will initiate another multi-fund block. Repeat offenders may be subject to long-term or permanent blocks on purchase or exchange purchase transactions in any account under the shareholder's control at any time. In addition to enforcing these roundtrip limitations, a fund may in its discretion restrict, reject, or cancel any purchases or exchanges that, in FMR's opinion, may be disruptive to the management of that fund or otherwise not be in the fund's interests.

Exceptions

The following transactions are exempt from the funds' excessive trading policy described above: (i) transactions of $1,000 or less, (ii) systematic withdrawal and/or contribution programs, (iii) mandatory retirement distributions, and (iv) transactions initiated by a plan sponsor or sponsors of certain employee benefit plans or other related accounts. In addition, each fund's excessive trading policy does not apply to transactions initiated by the trustee or adviser to a donor-advised charitable gift fund, qualified fund of fund(s), or other strategy funds. A qualified fund of fund(s) is a mutual fund, qualified tuition program, or other strategy fund consisting of qualified plan assets that either applies the Fidelity funds' excessive trading policies to shareholders at the fund of fund(s) level, or demonstrates that the fund of fund(s) has an investment strategy coupled with policies designed to control frequent trading that are reasonably likely to be effective as determined by the Fidelity funds' Treasurer.

Omnibus Accounts

Omnibus accounts, in which shares are held in the name of an intermediary on behalf of multiple investors, are a common form of holding shares among retirement plans and financial intermediaries such as brokers, advisers, and third-party administrators. Individual trades in omnibus accounts are often not disclosed to a fund, making it difficult to determine whether a particular shareholder is engaging in excessive trading. Excessive trading in omnibus accounts is likely to go undetected by a fund and may increase costs to the fund and disrupt its portfolio management.

Prospectus

Under policies adopted by the Board of Trustees, intermediaries will be permitted to apply the funds' excessive trading policy (described above), or their own excessive trading policy if approved by FMR. In these cases, the fund will typically not request or receive individual account data but will rely on the intermediary to monitor trading activity in good faith in accordance with its or the fund's policies. Reliance on intermediaries increases the risk that excessive trading may go undetected. For other intermediaries, the fund will generally monitor trading activity at the omnibus account level to attempt to identify disruptive trades. The fund may request transaction information, as frequently as daily, from any intermediary at any time, and may apply the fund's policy to transactions that exceed thresholds established by the Board of Trustees. The fund may prohibit purchases of fund shares by an intermediary or by some or all of any intermediary's clients. There is no assurance that FMR will request data with sufficient frequency to detect or deter excessive trading in omnibus accounts effectively.

If you purchase or sell fund shares through a financial intermediary, you may wish to contact the intermediary to determine the policies applicable to your account.

Retirement Plans

For employer-sponsored retirement plans, only participant directed exchanges count toward the roundtrip limits. Employer-sponsored retirement plan participants whose activity triggers a purchase or exchange block will be permitted one trade every calendar quarter. In the event of a block, employer and participant contributions and loan repayments by the participant may still be invested in the fund.

Qualified Wrap Programs

Each fund will monitor aggregate trading activity of adviser transactions to attempt to identify excessive trading in qualified wrap programs, as defined below. Excessive trading by an adviser will lead to fund blocks and the wrap program will lose its qualified status. Adviser transactions will not be matched with client-directed transactions unless the wrap program ceases to be a qualified wrap program (but all client-directed transactions will be subject to the funds' excessive trading policy). A qualified wrap program is: (i) a program whose adviser certifies that it has investment discretion over $100 million or more in client assets invested in mutual funds at the time of the certification, (ii) a program in which the adviser directs transactions in the accounts participating in the program in concert with changes in a model portfolio, and (iii) managed by an adviser who agrees to give FMR sufficient information to permit FMR to identify the individual accounts in the wrap program.

Other Information about the Excessive Trading Policy

Each fund reserves the right at any time to restrict purchases or exchanges or impose conditions that are more restrictive on excessive or disruptive trading than those stated in this prospectus. Each fund's Treasurer is authorized to suspend the funds' policies during periods of severe market turbulence or national emergency. A fund reserves the right to modify its policies at any time without prior notice.

Each fund does not knowingly accommodate frequent purchases and redemptions of fund shares by investors, except to the extent permitted by the policies described above.

As described in "Valuing Shares," each fund also uses fair value pricing to help reduce arbitrage opportunities available to short-term traders. There is no assurance that each fund's excessive trading policy will be effective, or will successfully detect or deter excessive or disruptive trading.

Buying Shares

The price to buy one share of Class A or Class T is its offering price or its NAV, depending on whether you pay a front-end sales charge.

The price to buy one share of Class B or Class C is its NAV. Class B and Class C shares are sold without a front-end sales charge, but may be subject to a CDSC upon redemption.

If you pay a front-end sales charge, your price will be Class A's or Class T's offering price. When you buy Class A or Class T shares at the offering price, Fidelity deducts the appropriate sales charge and invests the rest in Class A or Class T shares of the fund. If you qualify for a front-end sales charge waiver, your price will be Class A's or Class T's NAV.

The offering price of Class A or Class T is its NAV plus the sales charge. The offering price is calculated by dividing Class A's or Class T's NAV by the difference between one and the applicable front-end sales charge percentage and rounding to the nearest cent.

The dollar amount of the sales charge for Class A or Class T is the difference between the offering price of the shares purchased and the NAV of those shares. Since the offering price per share is calculated to the nearest cent using standard rounding criteria, the percentage sales charge you actually pay may be higher or lower than the sales charge percentages shown in this prospectus due to rounding. The impact of rounding may vary with the amount of your investment and the size of the class's NAV.

Your investment professional can help you choose the class of shares that best suits your investment needs.

Your shares will be bought at the offering price or NAV, as applicable, next calculated after your order is received in proper form.

It is the responsibility of your investment professional to transmit your order to buy shares to Fidelity before the close of business on the day you place your order.

Each fund has authorized certain intermediaries to accept orders to buy shares on its behalf. When authorized intermediaries receive an order in proper form, the order is considered as being placed with the fund, and shares will be bought at the offering price or NAV, as applicable, next calculated after the order is received by the authorized intermediary.

Provided a fund receives an order to buy shares in proper form before the close of business, the fund may place an order to buy shares of an underlying Fidelity fund after the close of business, pursuant to a pre-determined allocation, and receive that day's offering price or NAV, as applicable.

Prospectus

Shareholder Information - continued

There is no minimum balance or purchase minimum for (i) certain Fidelity retirement accounts funded through salary deduction, or fund positions opened with the proceeds of distributions from such retirement accounts or from a Fidelity systematic withdrawal service, or (ii) certain mutual fund wrap program accounts. An eligible wrap program must offer asset allocation services, charge an asset-based fee to its participants for asset allocation and/or other advisory services, and meet trading and other operational requirements under an appropriate agreement with FDC. In addition, each fund may waive or lower purchase minimums in other circumstances.

Purchase and balance minimums are waived for purchases of Class T shares with distributions from a Fidelity Defined Trust account.

Each fund may stop offering shares completely or may offer shares only on a limited basis, for a period of time or permanently.

If your payment is not received and collected, your purchase may be canceled and you could be liable for any losses or fees a fund or Fidelity has incurred.

Shares can be bought or sold through investment professionals using an automated order placement and settlement system that guarantees payment for orders on a specified date.

Certain financial institutions that meet creditworthiness criteria established by FDC may enter confirmed purchase orders on behalf of customers by phone, with payment to follow no later than close of business on the next business day. If payment is not received by that time, the order will be canceled and the financial institution will be liable for any losses.

Under applicable anti-money laundering regulations and other federal regulations, purchase orders may be suspended, restricted, or canceled and the monies may be withheld.

Selling Shares

The price to sell one share of Class A, Class T, Class B, or Class C is its NAV, minus any applicable CDSC.

Any applicable CDSC is calculated based on your original redemption amount.

Your shares will be sold at the NAV next calculated after your order is received in proper form, minus any applicable CDSC. Normally, redemptions will be processed by the next business day, but it may take up to seven days to pay the redemption proceeds if making immediate payment would adversely affect a fund.

It is the responsibility of your investment professional to transmit your order to sell shares to Fidelity before the close of business on the day you place your order.

Each fund has authorized certain intermediaries to accept orders to sell shares on its behalf. When authorized intermediaries receive an order in proper form, the order is considered as being placed with the fund, and shares will be sold at the NAV next calculated after the order is received by the authorized intermediary, minus any applicable CDSC.

Provided a fund receives an order to sell shares in proper form before the close of business, the fund may place an order to sell shares of an underlying Fidelity fund after the close of business, pursuant to a pre-determined allocation, and receive that day's NAV, minus any applicable CDSC.

A signature guarantee is designed to protect you and Fidelity from fraud. Fidelity may require that your request be made in writing and include a signature guarantee in certain circumstances, such as:

When you wish to sell more than $100,000 worth of shares;
When the address on your account (record address) has changed within the last 15 days or you are requesting that a check be mailed to an address different than the record address;
When you are requesting that redemption proceeds be paid to someone other than the account owner; or
In certain situations when the redemption proceeds are being transferred to a Fidelity account with a different registration.

You should be able to obtain a signature guarantee from a bank, broker-dealer, credit union (if authorized under state law), securities exchange or association, clearing agency, or savings association. A notary public cannot provide a signature guarantee.

When you place an order to sell shares, note the following:

If you are selling some but not all of your shares, keep your fund balance above the required minimum to keep your fund position open, except fund positions not subject to balance minimums.
Redemption proceeds (other than exchanges) may be delayed until money from prior purchases sufficient to cover your redemption has been received and collected. This can take up to seven business days after a purchase.
Redemptions may be suspended or payment dates postponed when the NYSE is closed (other than weekends or holidays), when trading on the NYSE is restricted, or as permitted by the SEC.
Redemption proceeds may be paid in securities or other property rather than in cash if Strategic Advisers determines it is in the best interests of a fund.
You will not receive interest on amounts represented by uncashed redemption checks.
Under applicable anti-money laundering regulations and other federal regulations, redemption requests may be suspended, restricted, canceled, or processed and the proceeds may be withheld.

Exchanging Shares

An exchange involves the redemption of all or a portion of the shares of one fund and the purchase of shares of another fund.

As a Class A shareholder, you have the privilege of exchanging Class A shares of a fund for the same class of shares of other Fidelity funds that offer Advisor classes of shares at NAV or for Daily Money Class shares of Treasury Fund, Prime Fund, or Tax-Exempt Fund.

Prospectus

As a Class T shareholder, you have the privilege of exchanging Class T shares of a fund for the same class of shares of other Fidelity funds that offer Advisor classes of shares at NAV or for Daily Money Class shares of Treasury Fund, Prime Fund, or Tax-Exempt Fund. If you purchased your Class T shares through certain investment professionals that have signed an agreement with FDC, you also have the privilege of exchanging your Class T shares for shares of Fidelity Capital Appreciation Fund.

As a Class B shareholder, you have the privilege of exchanging Class B shares of a fund for the same class of shares of other Fidelity funds that offer Advisor classes of shares or for Advisor B Class shares of Treasury Fund.

As a Class C shareholder, you have the privilege of exchanging Class C shares of a fund for the same class of shares of other Fidelity funds that offer Advisor classes of shares or for Advisor C Class shares of Treasury Fund.

Through your investment professional, you may also move between certain share classes of the same fund. For more information, see the statement of additional information (SAI) or consult your investment professional.

However, you should note the following policies and restrictions governing exchanges:

The exchange limit may be modified for accounts held by certain institutional retirement plans to conform to plan exchange limits and Department of Labor regulations. See your retirement plan materials for further information.
Each fund may refuse any exchange purchase for any reason. For example, each fund may refuse exchange purchases by any person or group if, in FMR's judgment, the fund would be unable to invest the money effectively in accordance with its investment objective and policies, or would otherwise potentially be adversely affected.
Any exchanges of Class A, Class T, Class B, and Class C shares are not subject to a CDSC.
Before exchanging into a fund or class, read its prospectus.
The fund or class you are exchanging into must be available for sale in your state.
Exchanges may have tax consequences for you.
If you are exchanging between accounts that are not registered in the same name, address, and taxpayer identification number (TIN), there may be additional requirements.
Under applicable anti-money laundering regulations and other federal regulations, exchange requests may be suspended, restricted, canceled, or processed and the proceeds may be withheld.

The funds may terminate or modify exchange privileges in the future.

Other funds may have different exchange restrictions and minimums, and may impose redemption fees of up to 2.00% of the amount exchanged. Check each fund's prospectus for details.

Account Features and Policies

Features

The following features may be available to buy and sell shares of a fund. Visit www.advisor.fidelity.com or contact your investment professional for more information.

Electronic Funds Transfer (Fidelity Advisor Money Line^®): electronic money movement through the Automated Clearing House

• To transfer money between a bank account and your fund account.

• You can use electronic funds transfer to:

- Make periodic (automatic) purchases of shares.

- Make periodic (automatic) redemptions of shares.

Wire: electronic money movement through the Federal Reserve wire system

• To transfer money between a bank account and your fund account.

Automatic Transactions: periodic (automatic) transactions

• To make contributions from your fund account to your Fidelity Advisor IRA.

• To sell shares of a Fidelity money market fund and simultaneously to buy shares of a Fidelity fund that offers Advisor classes of shares.

Policies

The following policies apply to you as a shareholder.

Combination with Fidelity Advisor Freedom Income Fund. Each Fidelity Advisor Freedom Fund with a target retirement date may be combined with Fidelity Advisor Freedom Income Fund, without a vote of shareholders, if the funds' Board of Trustees determines at the time of the proposed combination that combining the funds is in the best interests of the funds and their shareholders. Prior to a combination, Fidelity will notify shareholders of a Fidelity Advisor Freedom Fund with a target retirement date of the combination and any tax consequences.

Prospectus

Shareholder Information - continued

Statements that Fidelity sends to you include the following:

Confirmation statements (after transactions affecting your fund balance except, to the extent applicable, reinvestment of distributions in the fund or another fund and certain transactions through automatic investment or withdrawal programs).
Monthly or quarterly account statements (detailing fund balances and all transactions completed during the prior month or quarter).

To reduce expenses, only one copy of most financial reports and prospectuses may be mailed, even if more than one person in a household holds shares of a fund. Call Fidelity at 1-877-208-0098 if you need additional copies of financial reports or prospectuses. If you do not want the mailing of these documents to be combined with those for other members of your household, call Fidelity at 1-877-208-0098.

You may initiate many transactions by telephone or electronically. Fidelity will not be responsible for any loss, cost, expense, or other liability resulting from unauthorized transactions if it follows reasonable security procedures designed to verify the identity of the investor. Fidelity will request personalized security codes or other information, and may also record calls. For transactions conducted through the Internet, Fidelity recommends the use of an Internet browser with 128-bit encryption. You should verify the accuracy of your confirmation statements upon receipt and notify Fidelity immediately of any discrepancies in your account activity. If you do not want the ability to sell and exchange by telephone, call Fidelity for instructions. Additional documentation may be required from corporations, associations, and certain fiduciaries.

You may also be asked to provide additional information in order for Fidelity to verify your identity in accordance with requirements under anti-money laundering regulations. Accounts may be restricted and/or closed, and the monies withheld, pending verification of this information or as otherwise required under these and other federal regulations.

If your fund balance falls below $1,000 worth of shares for any reason, including solely due to declines in NAV, and you do not increase your balance, Fidelity may sell all of your shares and send the proceeds to you after providing you with at least 30 days' notice to reestablish the minimum balance. Your shares will be sold at the NAV, minus any applicable CDSC, on the day Fidelity closes your fund position. Certain fund positions are not subject to these balance requirements and will not be closed for failure to maintain a minimum balance.

Fidelity may charge a fee for certain services, such as providing historical account documents.

Dividends and Capital Gain Distributions

Each Fidelity Advisor Freedom Fund earns dividends, interest, and other income from its investments, and distributes this income (less expenses) to shareholders as dividends. Each Fidelity Advisor Freedom Fund also realizes capital gains from its investments, and distributes these gains (less any losses) to shareholders as capital gain distributions.

Each Fidelity Advisor Freedom Fund with a target retirement date normally pays dividends and capital gain distributions in May and December.

Fidelity Advisor Freedom Income Fund normally pays dividends monthly and pays capital gain distributions in May and December.

Distribution Options

When you open an account, specify on your application how you want to receive your distributions. The following distribution options are available for each class:

1. Reinvestment Option. Your dividends and capital gain distributions will be automatically reinvested in additional shares of the same class of the fund. If you do not indicate a choice on your application, you will be assigned this option.

2. Income-Earned Option. Your capital gain distributions will be automatically reinvested in additional shares of the same class of the fund. Your dividends will be paid in cash.

3. Cash Option. Your dividends and capital gain distributions will be paid in cash.

4. Directed Dividends^® Option. Your dividends will be automatically invested in the same class of shares of another identically registered Fidelity fund that offers Advisor classes of shares or shares of certain identically registered Fidelity funds. Your capital gain distributions will be automatically invested in the same class of shares of another identically registered Fidelity fund that offers Advisor classes of shares or shares of certain identically registered Fidelity funds, automatically reinvested in additional shares of the same class of the fund, or paid in cash.

Not all distribution options are available for every account. If the option you prefer is not listed on your account application, or if you want to change your current option, contact your investment professional directly or call Fidelity.

If you elect to receive distributions paid in cash by check and the U.S. Postal Service does not deliver your checks, your distribution option may be converted to the Reinvestment Option. You will not receive interest on amounts represented by uncashed distribution checks.

Tax Consequences

As with any investment, your investment in a fund could have tax consequences for you. If you are not investing through a tax-advantaged retirement account, you should consider these tax consequences.

Taxes on distributions. Distributions you receive from each fund are subject to federal income tax, and may also be subject to state or local taxes.

Prospectus

For federal tax purposes, certain of each fund's distributions, including dividends and distributions of short-term capital gains, are taxable to you as ordinary income, while certain of each fund's distributions, including distributions of long-term capital gains, are taxable to you generally as capital gains. A percentage of certain distributions of dividends may qualify for taxation at long-term capital gains rates (provided certain holding period requirements are met).

If you buy shares when a fund has realized but not yet distributed income or capital gains, you will be "buying a dividend" by paying the full price for the shares and then receiving a portion of the price back in the form of a taxable distribution.

Any taxable distributions you receive from a fund will normally be taxable to you when you receive them, regardless of your distribution option.

Taxes on transactions. Your redemptions, including exchanges, may result in a capital gain or loss for federal tax purposes. A capital gain or loss on your investment in a fund generally is the difference between the cost of your shares and the price you receive when you sell them.

Prospectus

Fund Services

Fund Management

Each fund is a mutual fund, an investment that pools shareholders' money and invests it toward a specified goal.

Strategic Advisers is each Fidelity Advisor Freedom Fund's investment manager. The address of Strategic Advisers and its affiliates, unless otherwise indicated below, is 82 Devonshire Street, Boston, Massachusetts 02109.

FMR, an affiliate of Strategic Advisers, is each underlying Fidelity fund's manager.

<R>As of December 31, 2010, Strategic Advisers had approximately $249.9 billion in discretionary assets under management.</R>

<R>As of December 31, 2010, FMR had approximately $1.2 billion in discretionary assets under management.</R>

As the manager, Strategic Advisers administers the asset allocation program for each Fidelity Advisor Freedom Fund.

As the manager for the underlying Fidelity funds, FMR is responsible for choosing each fund's investments and handling its business affairs. FMR is also responsible for handling the business affairs for each Fidelity Advisor Freedom Fund.

Christopher Sharpe is co-manager of Fidelity Advisor Freedom Funds. He has managed Income, 2005, 2010, 2015, 2020, 2025, 2030, 2035, 2040, 2045 and 2050 since September 2007 and managed 2055 since June 2011. He also manages other Fidelity funds. Since joining Fidelity Investments in 2002, Mr. Sharpe has worked as an asset allocation director and a portfolio manager.

Jonathan Shelon is co-manager of Fidelity Advisor Freedom Funds. He has managed Income, 2010, 2020, 2030, and 2040 since July 2003, managed 2005, 2015, 2025, and 2035 since November 2003, managed 2045 and 2050 since June 2006, and 2055 since June 2011. He also manages other Fidelity funds. Since joining Fidelity Investments in 2001, Mr. Shelon has worked as a portfolio manager.

The SAI provides additional information about the compensation of, any other accounts managed by, and any fund shares held by Messrs. Sharpe and Shelon.

From time to time a manager, analyst, or other Fidelity employee may express views regarding a particular company, security, industry, or market sector. The views expressed by any such person are the views of only that individual as of the time expressed 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.

Each Fidelity Advisor Freedom Fund does not pay a management fee to Strategic Advisers.

FMR receives no fee for handling the business affairs for each Fidelity Advisor Freedom Fund and pays the expenses of each Fidelity Advisor Freedom Fund with limited exceptions.

<R>The basis for the Board of Trustees approving the management contract and administration agreement for each Fidelity Advisor Freedom Fund (other than Fidelity Advisor Freedom 2055 Fund) is available in each fund's semi-annual report for the fiscal period ended September 30, 2010. The basis for the Board of Trustees approving the management contract and administration agreement for Fidelity Advisor Freedom 2055 Fund will be included in Fidelity Advisor Freedom 2055 Fund's semi-annual report for the fiscal period ending September 30, 2011, when available.</R>

Voluntary reimbursement or waiver arrangements can decrease expenses and boost performance.

FMR has voluntarily agreed to reimburse Class A, Class T, Class B, and Class C of each fund (other than Fidelity Advisor Freedom 2055 Fund) to the extent that total operating expenses (excluding interest, taxes, brokerage commissions, extraordinary expenses, and acquired fund fees and expenses, if any), as a percentage of their respective average net assets, exceed the following rates:

<R>Fidelity Advisor Freedom Income Fund	Class A	Class T	Class B	Class C</R>
<R>Rate	0.25%	0.50%	1.00%	1.00%</R>
<R>Effective Date	5/1/05	5/1/05	5/1/05	5/1/05</R>
<R>Fidelity Advisor Freedom 2005 Fund	Class A	Class T	Class B	Class C</R>
<R>Rate	0.25%	0.50%	1.00%	1.00%</R>
<R>Effective Date	5/1/05	5/1/05	5/1/05	5/1/05</R>
<R>Fidelity Advisor Freedom 2010 Fund	Class A	Class T	Class B	Class C</R>
<R>Rate	0.25%	0.50%	1.00%	1.00%</R>
<R>Effective Date	5/1/05	5/1/05	5/1/05	5/1/05</R>
<R>Fidelity Advisor Freedom 2015 Fund	Class A	Class T	Class B	Class C</R>
<R>Rate	0.25%	0.50%	1.00%	1.00%</R>
<R>Effective Date	5/1/05	5/1/05	5/1/05	5/1/05</R>
<R>Fidelity Advisor Freedom 2020 Fund	Class A	Class T	Class B	Class C</R>
<R>Rate	0.25%	0.50%	1.00%	1.00%</R>
<R>Effective Date	5/1/05	5/1/05	5/1/05	5/1/05</R>
<R>Fidelity Advisor Freedom 2025 Fund	Class A	Class T	Class B	Class C</R>
<R>Rate	0.25%	0.50%	1.00%	1.00%</R>
<R>Effective Date	5/1/05	5/1/05	5/1/05	5/1/05</R>
<R>Fidelity Advisor Freedom 2030 Fund	Class A	Class T	Class B	Class C</R>
<R>Rate	0.25%	0.50%	1.00%	1.00%</R>
<R>Effective Date	5/1/05	5/1/05	5/1/05	5/1/05</R>
<R>Fidelity Advisor Freedom 2035 Fund	Class A	Class T	Class B	Class C</R>
<R>Rate	0.25%	0.50%	1.00%	1.00%</R>
<R>Effective Date	5/1/05	5/1/05	5/1/05	5/1/05</R>
<R>Fidelity Advisor Freedom 2040 Fund	Class A	Class T	Class B	Class C</R>
<R>Rate	0.25%	0.50%	1.00%	1.00%</R>
<R>Effective Date	5/1/05	5/1/05	5/1/05	5/1/05</R>
<R>Fidelity Advisor Freedom 2045 Fund	Class A	Class T	Class B	Class C</R>
<R>Rate	0.25%	0.50%	1.00%	1.00%</R>
<R>Effective Date	6/1/06	6/1/06	6/1/06	6/1/06</R>
<R>Fidelity Advisor Freedom 2050 Fund	Class A	Class T	Class B	Class C</R>
<R>Rate	0.25%	0.50%	1.00%	1.00%</R>
<R>Effective Date	6/1/06	6/1/06	6/1/06	6/1/06</R>

These arrangements may be discontinued by FMR at any time.

<R></R>

Fund Distribution

Each fund is composed of multiple classes of shares. All classes of a fund have a common investment objective and investment portfolio.

FDC distributes each class's shares.

sales charges and concessions
distribution and/or service (12b-1) fees
finder's fees
payments for additional distribution-related activities and/or shareholder services
payments for educational seminars and training, including seminars sponsored by FMR or an affiliate, or by an intermediary

These payments are described in more detail in this section and in the SAI.

You may pay a sales charge when you buy or sell your Class A, Class T, Class B, and Class C shares.

FDC collects the sales charge.

As described in detail in this section, you may be entitled to a waiver of your sales charge, or to pay a reduced sales charge, when you buy or sell Class A, Class T, Class B, and Class C shares. In the event of changes in sales charges, sales charges, if any, in effect at the time of purchase generally will apply.

The front-end sales charge will be reduced for purchases of Class A and Class T shares according to the sales charge schedules below.

Sales Charges and Concessions - Class A

	Sales Charge
	As a % of offering price^A	As an approximate % of net amount invested^A	Investment professional concession as % of offering price
Less than $50,000^B	5.75%	6.10%	5.00%
$50,000 but less than $100,000	4.50%	4.71%	3.75%
$100,000 but less than $250,000	3.50%	3.63%	2.75%
$250,000 but less than $500,000	2.50%	2.56%	2.00%
$500,000 but less than $1,000,000	2.00%	2.04%	1.75%
$1,000,000 but less than $4,000,000	None	None	1.00%^C
$4,000,000 but less than $25,000,000	None	None	0.50%^C
$25,000,000 or more	None	None	0.25%^C

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

^BPurchases of $5.00 or less will not pay a sales charge.

^CCertain conditions and exceptions apply. See "Finder's Fees" on page <Click Here>.

Investments in Class A shares of $1 million or more may, upon redemption less than 18 months after purchase, for any reason, including failure to maintain the account minimum, be assessed a CDSC of 1.00%. The actual CDSC you pay may be higher or lower than that calculated using this percentage due to rounding. The impact of rounding may vary with the amount of your investment and the size of the class's NAV.

When exchanging Class A shares of one fund for Class A shares of another Fidelity fund that offers Advisor classes of shares or Daily Money Class shares of Treasury Fund, Prime Fund, or Tax-Exempt Fund, your Class A shares retain the CDSC schedule in effect when they were originally bought.

Sales Charges and Concessions - Class T

	Sales Charge
	As a % of offering price^A	As an approximate % of net amount invested^A	Investment professional concession as % of offering price
Less than $50,000	3.50%	3.63%	3.00%
$50,000 but less than $100,000	3.00%	3.09%	2.50%
$100,000 but less than $250,000	2.50%	2.56%	2.00%
$250,000 but less than $500,000	1.50%	1.52%	1.25%
$500,000 but less than $1,000,000	1.00%	1.01%	0.75%
$1,000,000 or more	None	None	0.25%^B

^BCertain conditions and exceptions apply. See "Finder's Fees" on page <Click Here>.

Investments in Class T shares of $1 million or more may, upon redemption less than one year after purchase, for any reason, including failure to maintain the account minimum, be assessed a CDSC of 0.25%. The actual CDSC you pay may be higher or lower than that calculated using this percentage due to rounding. The impact of rounding may vary with the amount of your investment and the size of the class's NAV.

Prospectus

When exchanging Class T shares of one fund for Class T shares of another Fidelity fund that offers Advisor classes of shares or Daily Money Class shares of Treasury Fund, Prime Fund, or Tax-Exempt Fund, your Class T shares retain the CDSC schedule in effect when they were originally bought.

Class A or Class T shares purchased by an individual or company through the Combined Purchase, Rights of Accumulation, or Letter of Intent program may receive a reduced front-end sales charge according to the sales charge schedules above. To qualify for a Class A or Class T front-end sales charge reduction under one of these programs, you must notify Fidelity in advance of your purchase.

Combined Purchase, Rights of Accumulation, and Letter of Intent Programs. The following qualify as an "individual" or "company" for the purposes of determining eligibility for the Combined Purchase and Rights of Accumulation program: an individual, spouse, and their children under age 21 purchasing for his/her or their own account; a trustee, administrator, or other fiduciary purchasing for a single trust estate or a single fiduciary account or for a single or parent-subsidiary group of "employee benefit plans" (except SEP and SARSEP plans and plans covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans)) and 403(b) programs; and tax-exempt organizations (as defined in Section 501(c)(3) of the Internal Revenue Code). The following qualify as an "individual" or "company" for the purposes of determining eligibility for the Letter of Intent program: an individual, spouse, and their children under age 21 purchasing for his/her or their own account; a trustee, administrator, or other fiduciary purchasing for a single trust estate or a single fiduciary account (except SEP and SARSEP plans and plans covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans)); an IRA or plans covering sole-proprietors (formerly Keogh/H.R. 10 plans); plans investing through the Fidelity Advisor 403(b) program; and tax-exempt organizations (as defined in Section 501(c)(3) of the Internal Revenue Code).

Combined Purchase. To receive a Class A or Class T front-end sales charge reduction, if you are a new shareholder, you may combine your purchase of Class A or Class T shares with purchases of: (i) Class A, Class T, Class B, and Class C shares of any Fidelity fund that offers Advisor classes of shares, (ii) Advisor B Class shares and Advisor C Class shares of Treasury Fund, and (iii) Class A Units (New and Old), Class B Units (New and Old), Class C Units, Class D Units, and Class P Units of the Fidelity Advisor 529 Plan. For your purchases to be aggregated for the purpose of qualifying for the Combined Purchase program, they must be made on the same day through one intermediary.

Rights of Accumulation. To receive a Class A or Class T front-end sales charge reduction, if you are an existing shareholder, you may add to your purchase of Class A or Class T shares the current value of your holdings in: (i) Class A, Class T, Class B, and Class C shares of any Fidelity fund that offers Advisor classes of shares, (ii) Advisor B Class shares and Advisor C Class shares of Treasury Fund, (iii) Daily Money Class shares of Treasury Fund, Prime Fund, or Tax-Exempt Fund acquired by exchange from any Fidelity fund that offers Advisor classes of shares, (iv) Class O shares of Fidelity Advisor Diversified Stock Fund and Fidelity Advisor Capital Development Fund, and (v) Class A Units (New and Old), Class B Units (New and Old), Class C Units, Class D Units, and Class P Units of the Fidelity Advisor 529 Plan. The current value of your holdings is determined at the NAV at the close of business on the day prior to your purchase of Class A or Class T shares. The current value of your holdings will be added to your purchase of Class A or Class T shares for the purpose of qualifying for the Rights of Accumulation program. For your purchases and holdings to be aggregated for the purpose of qualifying for the Rights of Accumulation program, they must have been made through one intermediary.

Letter of Intent. You may receive a Class A or Class T front-end sales charge reduction on your purchases of Class A and Class T shares made during a 13-month period by signing a Letter of Intent (Letter). File your Letter with Fidelity no later than the date of the initial purchase toward completing your Letter. Each Class A or Class T purchase you make toward completing your Letter will be entitled to the reduced front-end sales charge applicable to the total investment indicated in the Letter. Purchases of the following may be aggregated for the purpose of completing your Letter: (i) Class A and Class T shares of any Fidelity fund that offers Advisor classes of shares (except those acquired by exchange from Daily Money Class shares of Treasury Fund, Prime Fund, or Tax-Exempt Fund that had been previously exchanged from a Fidelity fund that offers Advisor classes of shares), (ii) Class B and Class C shares of any Fidelity fund that offers Advisor classes of shares, (iii) Advisor B Class shares and Advisor C Class shares of Treasury Fund, and (iv) Class A Units (New and Old), Class B Units (New and Old), Class C Units, Class D Units, and Class P Units of the Fidelity Advisor 529 Plan. Reinvested income and capital gain distributions will not be considered purchases for the purpose of completing your Letter. For your purchases to be aggregated for the purpose of completing your Letter, they must be made through one intermediary. Your initial purchase toward completing your Letter must be at least 5% of the total investment specified in your Letter. Fidelity will register Class A or Class T shares equal to 5% of the total investment specified in your Letter in your name and will hold those shares in escrow. You will earn income, dividends and capital gain distributions on escrowed Class A and Class T shares. The escrow will be released when you complete your Letter. You are not obligated to complete your Letter. If you do not complete your Letter, you must pay the increased front-end sales charges due in accordance with the sales charge schedule in effect when your shares were originally bought. Fidelity may redeem sufficient escrowed Class A or Class T shares to pay any applicable front-end sales charges. If you purchase more than the amount specified in your Letter and qualify for additional Class A or Class T front-end sales charge reductions, the front-end sales charge will be adjusted to reflect your total purchase at the end of 13 months and the surplus amount will be applied to your purchase of additional Class A or Class T shares at the then-current offering price applicable to the total investment.

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Fund Services - continued

Detailed information about these programs also is available on www.advisor.fidelity.com. In order to obtain the benefit of a front-end sales charge reduction for which you may be eligible, you may need to inform your investment professional of other accounts you, your spouse, or your children maintain with your investment professional or other investment professionals from the same intermediary.

Class B shares may, upon redemption for any reason, including failure to maintain the account minimum, be assessed a CDSC based on the following schedule:

From Date of Purchase	Contingent Deferred Sales Charge^A
Less than 1 year	5%
1 year to less than 2 years	4%
2 years to less than 3 years	3%
3 years to less than 4 years	3%
4 years to less than 5 years	2%
5 years to less than 6 years	1%
6 years to less than 7 years^B	0%

^AThe actual CDSC you pay may be higher or lower than those calculated using these percentages due to rounding. The impact of rounding may vary with the amount of your investment and the size of the class's NAV.

^BAfter a maximum of seven years, Class B shares will convert automatically to Class A shares of the same fund.

When exchanging Class B shares of one fund for Class B shares of another Fidelity fund that offers Advisor classes of shares or Advisor B Class shares of Treasury Fund, your Class B shares retain the CDSC schedule in effect when they were originally bought.

Except as provided below, investment professionals receive as compensation from FDC, at the time of sale, a concession equal to 4.00% of your purchase of Class B shares. For purchases of Class B shares through reinvested dividends or capital gain distributions, investment professionals do not receive a concession at the time of sale.

Class C shares may, upon redemption less than one year after purchase, for any reason, including failure to maintain the account minimum, be assessed a CDSC of 1.00%. The actual CDSC you pay may be higher or lower than that calculated using this percentage due to rounding. The impact of rounding may vary with the amount of your investment and the size of the class's NAV.

Except as provided below, investment professionals will receive as compensation from FDC, at the time of the sale, a concession equal to 1.00% of your purchase of Class C shares. For purchases of Class C shares made for an intermediary-sponsored managed account program, employee benefit plan, 403(b) program or plan covering a sole-proprietor (formerly Keogh/H.R. 10 plan) or through reinvested dividends or capital gain distributions, investment professionals do not receive a concession at the time of sale.

The CDSC for Class A, Class T, Class B, and Class C shares will be calculated based on the lesser of the cost of each class's shares, as applicable, at the initial date of purchase or the value of those shares, as applicable, at redemption, not including any reinvested dividends or capital gains. Class A, Class T, Class B, and Class C shares acquired through reinvestment of dividends or capital gain distributions will not be subject to a CDSC. In determining the applicability and rate of any CDSC at redemption, shares representing reinvested dividends and capital gains will be redeemed first, followed by those shares that have been held for the longest period of time.

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

1. Purchased for an employee benefit plan other than a plan investing through the Fidelity Advisor 403(b) program. For this purpose, employee benefit plans generally include 401(a), 401(k), 403(b), and 457(b) governmental plans, but do not include: IRAs, SIMPLE, SEP, or SARSEP plans; or health savings accounts;

2. Purchased for an insurance company separate account;

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

4. Purchased with the proceeds of a redemption of Fidelity or Fidelity Advisor fund shares held in (i) an insurance company separate account, or (ii) an employee benefit plan (as described in waiver number 1 above, including the Fidelity Advisor 403(b) program), the proceeds of which must be reinvested directly into Fidelity Advisor fund shares;

5. Purchased with any proceeds of a distribution from a Fidelity recordkept employee benefit plan (as described in waiver number 1 above, including the Fidelity Advisor 403(b) program) that is rolled directly into a Fidelity Advisor IRA;

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

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

8. Purchased by a charitable organization (as defined for purposes of Section 501(c)(3) of the Internal Revenue Code) investing $100,000 or more, or, a charitable remainder trust or life income pool established for the benefit of a charitable organization;

9. Purchased by the Fidelity Investments Charitable Gift Fund;

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

Prospectus

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

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

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

14. (Applicable only to Class A purchases after October 23, 2009) Purchased by a shareholder who redeemed Destiny Plan assets and received the proceeds in the form of directly held shares of a Fidelity Advisor fund after September 30, 2008.

Pursuant to Rule 22d-1 under the 1940 Act, FDC exercises its right to waive Class A's and Class T's front-end sales charge on shares acquired through reinvestment of dividends and capital gain distributions or in connection with a fund's merger with or acquisition of any investment company or trust. FDC also exercises its right to waive Class A's front-end sales charge on purchases of $5.00 or less.

The CDSC may be waived on the redemption of shares (applies to Class A, Class T, Class B, or Class C, unless otherwise noted):

1. For disability or death;

2. From employer-sponsored retirement plans (except SIMPLE IRAs, SEPs, and SARSEPs) starting the year in which age 70 1/2 is attained;

3. For minimum required distributions from Traditional IRAs, Rollover IRAs, SIMPLE IRAs, SEPs, and SARSEPs (excludes Roth accounts) starting the year in which age 70 1/2 is attained;

4. Through the Fidelity Advisor Systematic Withdrawal Program, if the amount does not exceed 12% of the account balance in a rolling 12-month period;

5. (Applicable to Class A and Class T only) Held by insurance company separate accounts;

6. (Applicable to Class A and Class T only) From an employee benefit plan (except SIMPLE IRAs, SEPs, SARSEPs, and plans covering self-employed individuals and their employees) or 403(b) programs (except Fidelity Advisor 403(b) programs for which Fidelity or an affiliate serves as custodian);

7. (Applicable to Class A and Class T only) Purchased by the Fidelity Investments Charitable Gift Fund;

8. (Applicable to Class A and Class T only) On which a finder's fee was eligible to be paid to an investment professional at the time of purchase, but was not paid because payment was declined (to determine your eligibility for this CDSC waiver, please ask your investment professional if he or she received a finder's fee at the time of purchase);

9. (Applicable to Class C only) On which investment professionals did not receive a concession at the time of purchase; or

10. (Applicable to Class B only) From the Fidelity Advisor 403(b) program.

To qualify for a Class A or Class T front-end sales charge reduction or waiver, you must notify Fidelity in advance of your purchase.

You may be required to notify Fidelity in advance of your redemption to qualify for a Class A, Class T, Class B, or Class C CDSC waiver.

Information on sales charge reductions and waivers is available free of charge on www.advisor.fidelity.com.

Finder's Fees. Finder's fees may be paid to investment professionals who sell Class A and Class T shares in purchase amounts of $1 million or more. For Class A share purchases, investment professionals may be compensated at the time of purchase with a finder's fee at the rate of 1.00% of the purchase amount for purchases of $1 million up to $4 million, 0.50% of the purchase amount for purchases of $4 million up to $25 million, and 0.25% of the purchase amount for purchases of $25 million or more. For Class T share purchases, investment professionals may be compensated at the time of purchase with a finder's fee at the rate of 0.25% of the purchase amount.

Investment professionals may be eligible for a finder's fee on the following purchases of Class A and Class T shares made through broker-dealers and banks: a trade that brings the value of the accumulated account(s) of an investor, including a 403(b) program or an employee benefit plan (except a SEP or SARSEP plan or a plan covering self-employed individuals and their employees (formerly a Keogh/H.R. 10 plan)), over $1 million; a trade for an investor with an accumulated account value of $1 million or more; and an incremental trade toward an investor's $1 million Letter. Accumulated account value for purposes of finder's fees eligibility is determined the same as it is for Rights of Accumulation. Daily Money Class shares of Treasury Fund, Prime Fund, or Tax-Exempt Fund are not counted for this purpose unless acquired by exchange from any Fidelity fund that offers Advisor classes of shares. For information, see "Combined Purchase, Rights of Accumulation, and Letter of Intent Programs" above.

Finder's fees are not paid in connection with purchases of Class A or Class T shares by insurance company separate accounts, the Fidelity Investments Charitable Gift Fund, or managed account programs that charge an asset-based fee, or purchases of Class A or Class T shares made with the proceeds from the redemption of shares of any Fidelity fund or any retirement plan recordkept at Fidelity.

Investment professionals should contact Fidelity in advance to determine if they qualify to receive a finder's fee. Finder's fees will be paid in connection with shares recordkept in a Fidelity Advisor 401(k) Retirement Plan only at the time of the initial conversion of assets. Investment professionals should contact Fidelity for more information.

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Fund Services - continued

Reinstatement Privilege. If you have sold all or part of your Class A, Class T, or Class C shares of a fund, you may reinvest an amount equal to all or a portion of the redemption proceeds in the same class of the fund or another Fidelity fund that offers Advisor classes of shares, at the NAV next determined after receipt in proper form of your investment order, provided that such reinvestment is made within 90 days of redemption. Under these circumstances, the dollar amount of the CDSC you paid, if any, on shares will be reimbursed to you by reinvesting that amount in Class A, Class T, or Class C shares, as applicable. If you have sold all or part of your Class B shares of a fund, you may reinvest an amount equal to all or a portion of the redemption proceeds in Class A shares (without incurring a front-end sales charge) of the fund or another Fidelity fund that offers Advisor classes of shares at the NAV next determined after receipt in proper form of your investment order, provided that such reinvestment is made within 90 days of redemption.

You must reinstate your shares into an account with the same registration. This privilege may be exercised only once by a shareholder with respect to a fund and certain restrictions may apply. For purposes of the CDSC schedule, the holding period will continue as if the Class A, Class T, or Class C shares had not been redeemed. To qualify for the reinstatement privilege, you must notify Fidelity in writing in advance of your reinvestment.

Conversion Feature. After a maximum of seven years from the initial date of purchase, Class B shares and any capital appreciation associated with those shares convert automatically to Class A shares of the same fund. Conversion to Class A shares will be made at NAV. At the time of conversion, a portion of the Class B shares bought through the reinvestment of dividends or capital gains (Dividend Shares) will also convert to Class A shares. The portion of Dividend Shares that will convert is determined by the ratio of your converting Class B non-Dividend Shares to your total Class B non-Dividend Shares.

Class A of each fund has adopted a Distribution and Service Plan pursuant to Rule 12b-1 under the 1940 Act. Under the plan, Class A of each fund is authorized to pay FDC a monthly 12b-1 (distribution) fee as compensation for providing services intended to result in the sale of Class A shares. Class A of each fund may pay this 12b-1 (distribution) fee at an annual rate of 0.50% of its average net assets, or such lesser amount as the Trustees may determine from time to time. Currently, the Trustees have not approved such payments. The Trustees may approve 12b-1 (distribution) fee payments at an annual rate of up to 0.50% of Class A's average net assets when the Trustees believe that it is in the best interests of Class A shareholders to do so.

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

Except as provided below, FDC may reallow up to the full amount of this 12b-1 (service) fee to intermediaries (such as banks, broker-dealers, and other service-providers), including its affiliates, for providing shareholder support services. For purchases of Class A shares on which a finder's fee was paid to intermediaries, after the first year of investment, FDC may reallow up to the full amount of the 12b-1 (service) fee paid by such shares to intermediaries, including its affiliates, for providing shareholder support services.

Class T of each fund has adopted a Distribution and Service Plan pursuant to Rule 12b-1 under the 1940 Act. Under the plan, Class T of each fund is authorized to pay FDC a monthly 12b-1 (distribution) fee as compensation for providing services intended to result in the sale of Class T shares. Class T of each fund may pay this 12b-1 (distribution) fee at an annual rate of 0.50% of its average net assets, or such lesser amount as the Trustees may determine from time to time. Class T of each fund currently pays FDC a monthly 12b-1 (distribution) fee at an annual rate of 0.25% of its average net assets throughout the month. Class T's 12b-1 (distribution) fee rate for each fund may be increased only when the Trustees believe that it is in the best interests of Class T shareholders to do so.

FDC may reallow up to the full amount of this 12b-1 (distribution) fee to intermediaries (such as banks, broker-dealers, and other service-providers), including its affiliates, for providing services intended to result in the sale of Class T shares.

In addition, pursuant to each Class T plan, Class T of each fund pays FDC a monthly 12b-1 (service) fee at an annual rate of 0.25% of Class T's average net assets throughout the month for providing shareholder support services.

FDC may reallow up to the full amount of this 12b-1 (service) fee to intermediaries (such as banks, broker-dealers, and other service-providers), including its affiliates, for providing shareholder support services.

Class B of each fund (other than Fidelity Advisor Freedom 2055 Fund) has adopted a Distribution and Service Plan pursuant to Rule 12b-1 under the 1940 Act. Under the plan, Class B of each fund (other than Fidelity Advisor Freedom 2055 Fund) is authorized to pay FDC a monthly 12b-1 (distribution) fee as compensation for providing services intended to result in the sale of Class B shares. Class B of each fund (other than Fidelity Advisor Freedom 2055 Fund) currently pays FDC a monthly 12b-1 (distribution) fee at an annual rate of 0.75% of its average net assets throughout the month.

In addition, pursuant to each Class B plan, Class B of each fund (other than Fidelity Advisor Freedom 2055 Fund) pays FDC a monthly 12b-1 (service) fee at an annual rate of 0.25% of Class B's average net assets throughout the month for providing shareholder support services.

Class C of each fund has adopted a Distribution and Service Plan pursuant to Rule 12b-1 under the 1940 Act. Under the plan, Class C of each fund is authorized to pay FDC a monthly 12b-1 (distribution) fee as compensation for providing services intended to result in the sale of Class C shares. Class C of each fund currently pays FDC a monthly 12b-1 (distribution) fee at an annual rate of 0.75% of its average net assets throughout the month.

Prospectus

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

Normally, after the first year of investment, FDC may reallow up to the full amount of the 12b-1 (distribution) fees to intermediaries (such as banks, broker-dealers, and other service-providers), including its affiliates, for providing services intended to result in the sale of Class C shares and may reallow up to the full amount of the 12b-1 (service) fee to intermediaries, including its affiliates, for providing shareholder support services.

For purchases of Class C shares made for an intermediary-sponsored managed account program, employee benefit plan, 403(b) program or plan covering a sole-proprietor (formerly Keogh/H.R. 10 plan) or through reinvestment of dividends or capital gain distributions, during the first year of investment and thereafter, FDC may reallow up to the full amount of this 12b-1 (distribution) fee paid by such shares to intermediaries, including its affiliates, for providing services intended to result in the sale of Class C shares and may reallow up to the full amount of this 12b-1 (service) fee paid by such shares to intermediaries, including its affiliates, for providing shareholder support services.

Any fees paid out of a class's assets on an ongoing basis pursuant to a Distribution and Service Plan will increase the cost of your investment and may cost you more than paying other types of sales charges.

In addition, each plan specifically recognizes that Strategic Advisers or FMR may make payments from its past profits or other resources to FDC for expenses incurred in connection with providing services intended to result in the sale of the applicable class's shares and/or shareholder support services, including payments of significant amounts made to intermediaries that provide those services. Currently, the Board of Trustees of each fund has authorized such payments for Class A, Class T, Class B, and Class C. Please speak with your investment professional to learn more about any payments his or her firm may receive from FMR, FDC, and/or their affiliates, as well as fees and/or commissions the investment professional charges. You should also consult disclosures made by your investment professional at the time of purchase.

No dealer, sales representative, or any other person has been authorized to give any information or to make any representations, other than those contained in this prospectus and in the related SAI, in connection with the offer contained in this prospectus. If given or made, such other information or representations must not be relied upon as having been authorized by the funds or FDC. This prospectus and the related SAI do not constitute an offer by the funds or by FDC to sell shares of the funds to or to buy shares of the funds from any person to whom it is unlawful to make such offer.

Prospectus

Appendix

Financial Highlights

<R>The financial highlights tables are intended to help you understand each class's financial history for the past 5 years or, if shorter, the period of the class's operations. Certain information reflects financial results for a single class share. The total returns in the table represent the rate that an investor would have earned (or lost) on an investment in the class (assuming reinvestment of all dividends and distributions). This information has been audited by Deloitte & Touche LLP, independent registered public accounting firm, whose report, along with each fund's (other than Fidelity Advisor Freedom 2055 Fund) financial highlights and financial statements, are included in the funds' (other than Fidelity Advisor Freedom 2055 Fund) annual report. An annual report for Fidelity Advisor Freedom 2055 Fund will be available once the fund has completed its first annual period. A free copy of the annual report is available upon request.</R>

Fidelity Advisor Freedom Income Fund - Class A

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 10.35	$ 8.74	$ 10.46	$ 10.74	$ 10.52</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.16	.22	.29	.40	.36</R>
<R>Net realized and unrealized gain (loss)	.57	1.66	(1.60)	(.21)	.29</R>
<R>Total from investment operations	.73	1.88	(1.31)	.19	.65</R>
<R>Distributions from net investment income	(.16)	(.22)	(.30)	(.40)	(.35)</R>
<R>Distributions from net realized gain	(.07)	(.06)	(.11)	(.07)	(.08)</R>
<R>Total distributions	(.23)	(.27)^G	(.41)	(.47)^F	(.43)</R>
<R>Net asset value, end of period	$ 10.85	$ 10.35	$ 8.74	$ 10.46	$ 10.74</R>
<R>Total Return^A,B	7.11%	21.74%	(12.78)%	1.73%	6.38%</R>
<R>Ratios to Average Net Assets^D,E					</R>
<R>Expenses before reductions	.25%	.25%	.25%	.25%	.25%</R>
<R>Expenses net of fee waivers, if any	.25%	.25%	.25%	.25%	.25%</R>
<R>Expenses net of all reductions	.25%	.25%	.25%	.25%	.25%</R>
<R>Net investment income (loss)	1.48%	2.19%	3.03%	3.77%	3.46%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 157,695	$ 142,691	$ 93,865	$ 87,469	$ 49,721</R>
<R>Portfolio turnover rate	35%	31%	44%	56%	38%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the sales charges.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^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.</R>

<R>^F Total distributions of $.47 per share is comprised of distributions from net investment income of $.403 and distributions from net realized gain of $.066 per share.</R>

<R>^G 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.</R>

Prospectus

Fidelity Advisor Freedom Income Fund - Class T

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 10.34	$ 8.73	$ 10.45	$ 10.73	$ 10.51</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.13	.19	.27	.38	.34</R>
<R>Net realized and unrealized gain (loss)	.57	1.67	(1.61)	(.22)	.29</R>
<R>Total from investment operations	.70	1.86	(1.34)	.16	.63</R>
<R>Distributions from net investment income	(.13)	(.19)	(.27)	(.38)	(.33)</R>
<R>Distributions from net realized gain	(.07)	(.06)	(.11)	(.07)	(.08)</R>
<R>Total distributions	(.20)	(.25)^G	(.38)	(.44)^F	(.41)</R>
<R>Net asset value, end of period	$ 10.84	$ 10.34	$ 8.73	$ 10.45	$ 10.73</R>
<R>Total Return^A,B	6.85%	21.47%	(13.03)%	1.48%	6.11%</R>
<R>Ratios to Average Net Assets^D,E					</R>
<R>Expenses before reductions	.50%	.50%	.50%	.50%	.50%</R>
<R>Expenses net of fee waivers, if any	.50%	.50%	.50%	.50%	.50%</R>
<R>Expenses net of all reductions	.50%	.50%	.50%	.50%	.50%</R>
<R>Net investment income (loss)	1.23%	1.94%	2.78%	3.52%	3.21%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 57,404	$ 52,047	$ 42,675	$ 44,882	$ 39,739</R>
<R>Portfolio turnover rate	35%	31%	44%	56%	38%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the sales charges.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^F Total distributions of $.44 per share is comprised of distributions from net investment income of $.377 and distributions from net realized gain of $.066 per share.</R>

<R>^G 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.</R>

Prospectus

Appendix - continued

Fidelity Advisor Freedom Income Fund - Class B

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 10.33	$ 8.72	$ 10.44	$ 10.72	$ 10.50</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.08	.14	.22	.32	.29</R>
<R>Net realized and unrealized gain (loss)	.58	1.67	(1.60)	(.21)	.28</R>
<R>Total from investment operations	.66	1.81	(1.38)	.11	.57</R>
<R>Distributions from net investment income	(.08)	(.14)	(.23)	(.32)	(.27)</R>
<R>Distributions from net realized gain	(.07)	(.06)	(.11)	(.07)	(.08)</R>
<R>Total distributions	(.15)	(.20)^G	(.34)	(.39)^F	(.35)</R>
<R>Net asset value, end of period	$ 10.84	$ 10.33	$ 8.72	$ 10.44	$ 10.72</R>
<R>Total Return^A,B	6.39%	20.86%	(13.48)%	.97%	5.57%</R>
<R>Ratios to Average Net Assets^D,E					</R>
<R>Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Net investment income (loss)	.73%	1.44%	2.28%	3.02%	2.71%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 3,938	$ 5,319	$ 4,282	$ 5,539	$ 4,993</R>
<R>Portfolio turnover rate	35%	31%	44%	56%	38%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the contingent deferred sales charge.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^F Total distributions of $.39 per share is comprised of distributions from net investment income of $.322 and distributions from net realized gain of $.066 per share.</R>

<R>^G 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.</R>

Prospectus

Fidelity Advisor Freedom Income Fund - Class C

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 10.33	$ 8.72	$ 10.43	$ 10.71	$ 10.50</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.08	.14	.22	.32	.29</R>
<R>Net realized and unrealized gain (loss)	.58	1.67	(1.60)	(.21)	.27</R>
<R>Total from investment operations	.66	1.81	(1.38)	.11	.56</R>
<R>Distributions from net investment income	(.08)	(.14)	(.22)	(.32)	(.27)</R>
<R>Distributions from net realized gain	(.07)	(.06)	(.11)	(.07)	(.08)</R>
<R>Total distributions	(.15)	(.20)^G	(.33)	(.39)^F	(.35)</R>
<R>Net asset value, end of period	$ 10.84	$ 10.33	$ 8.72	$ 10.43	$ 10.71</R>
<R>Total Return^A,B	6.42%	20.83%	(13.41)%	.97%	5.48%</R>
<R>Ratios to Average Net Assets^D,E					</R>
<R>Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Net investment income (loss)	.73%	1.44%	2.28%	3.02%	2.71%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 16,581	$ 14,697	$ 11,362	$ 14,718	$ 13,279</R>
<R>Portfolio turnover rate	35%	31%	44%	56%	38%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the contingent deferred sales charge.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^F Total distributions of $.39 per share is comprised of distributions from net investment income of $.323 and distributions from net realized gain of $.066 per share.</R>

<R>^G 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.</R>

Prospectus

Appendix - continued

Fidelity Advisor Freedom 2005 Fund - Class A

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 10.57	$ 8.10	$ 11.40	$ 11.83	$ 11.33</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.15	.20	.27	.33	.28</R>
<R>Net realized and unrealized gain (loss)	.97	2.53	(3.06)	(.34)	.63</R>
<R>Total from investment operations	1.12	2.73	(2.79)	(.01)	.91</R>
<R>Distributions from net investment income	(.15)	(.19)	(.28)	(.26)	(.23)</R>
<R>Distributions from net realized gain	(.09)	(.07)	(.23)	(.16)	(.18)</R>
<R>Total distributions	(.24)	(.26)	(.51)	(.42)	(.41)</R>
<R>Net asset value, end of period	$ 11.45	$ 10.57	$ 8.10	$ 11.40	$ 11.83</R>
<R>Total Return^A,B	10.72%	33.91%	(25.09)%	(.23)%	8.21%</R>
<R>Ratios to Average Net Assets^D,E					</R>
<R>Expenses before reductions	.25%	.25%	.25%	.25%	.25%</R>
<R>Expenses net of fee waivers, if any	.25%	.25%	.25%	.25%	.25%</R>
<R>Expenses net of all reductions	.25%	.25%	.25%	.25%	.25%</R>
<R>Net investment income (loss)	1.37%	2.01%	2.75%	2.74%	2.49%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 177,385	$ 155,482	$ 88,593	$ 98,483	$ 49,418</R>
<R>Portfolio turnover rate	41%	35%	54%	30%	30%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the sales charges.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

Prospectus

Fidelity Advisor Freedom 2005 Fund - Class T

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 10.57	$ 8.10	$ 11.39	$ 11.81	$ 11.31</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.12	.17	.25	.30	.25</R>
<R>Net realized and unrealized gain (loss)	.97	2.54	(3.06)	(.33)	.63</R>
<R>Total from investment operations	1.09	2.71	(2.81)	(.03)	.88</R>
<R>Distributions from net investment income	(.12)	(.17)	(.25)	(.23)	(.20)</R>
<R>Distributions from net realized gain	(.09)	(.07)	(.23)	(.16)	(.18)</R>
<R>Total distributions	(.21)	(.24)	(.48)	(.39)	(.38)</R>
<R>Net asset value, end of period	$ 11.45	$ 10.57	$ 8.10	$ 11.39	$ 11.81</R>
<R>Total Return^A,B	10.42%	33.61%	(25.27)%	(.44)%	7.95%</R>
<R>Ratios to Average Net Assets^D,E					</R>
<R>Expenses before reductions	.50%	.50%	.50%	.50%	.50%</R>
<R>Expenses net of fee waivers, if any	.50%	.50%	.50%	.50%	.50%</R>
<R>Expenses net of all reductions	.50%	.50%	.50%	.50%	.50%</R>
<R>Net investment income (loss)	1.12%	1.76%	2.50%	2.49%	2.24%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 21,658	$ 23,113	$ 14,437	$ 20,837	$ 20,289</R>
<R>Portfolio turnover rate	41%	35%	54%	30%	30%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the sales charges.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

Prospectus

Appendix - continued

Fidelity Advisor Freedom 2005 Fund - Class B

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 10.56	$ 8.09	$ 11.37	$ 11.78	$ 11.28</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.07	.12	.20	.24	.20</R>
<R>Net realized and unrealized gain (loss)	.97	2.53	(3.06)	(.33)	.62</R>
<R>Total from investment operations	1.04	2.65	(2.86)	(.09)	.82</R>
<R>Distributions from net investment income	(.07)	(.11)	(.19)	(.16)	(.14)</R>
<R>Distributions from net realized gain	(.09)	(.07)	(.23)	(.16)	(.18)</R>
<R>Total distributions	(.15)^F	(.18)	(.42)	(.32)	(.32)</R>
<R>Net asset value, end of period	$ 11.45	$ 10.56	$ 8.09	$ 11.37	$ 11.78</R>
<R>Total Return^A,B	9.94%	32.90%	(25.69)%	(.89)%	7.40%</R>
<R>Ratios to Average Net Assets^D,E					</R>
<R>Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Net investment income (loss)	.62%	1.26%	2.00%	1.99%	1.74%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 2,338	$ 2,986	$ 2,692	$ 4,348	$ 3,974</R>
<R>Portfolio turnover rate	41%	35%	54%	30%	30%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the contingent deferred sales charge.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^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.</R>

Prospectus

Fidelity Advisor Freedom 2005 Fund - Class C

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 10.54	$ 8.08	$ 11.34	$ 11.76	$ 11.27</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.07	.12	.20	.24	.20</R>
<R>Net realized and unrealized gain (loss)	.97	2.53	(3.04)	(.33)	.62</R>
<R>Total from investment operations	1.04	2.65	(2.84)	(.09)	.82</R>
<R>Distributions from net investment income	(.07)	(.12)	(.19)	(.17)	(.15)</R>
<R>Distributions from net realized gain	(.09)	(.07)	(.23)	(.16)	(.18)</R>
<R>Total distributions	(.16)	(.19)	(.42)	(.33)	(.33)</R>
<R>Net asset value, end of period	$ 11.42	$ 10.54	$ 8.08	$ 11.34	$ 11.76</R>
<R>Total Return^A,B	9.91%	32.90%	(25.61)%	(.91)%	7.36%</R>
<R>Ratios to Average Net Assets^D,E					</R>
<R>Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Net investment income (loss)	.62%	1.26%	2.00%	1.99%	1.74%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 8,679	$ 9,377	$ 6,761	$ 11,052	$ 9,107</R>
<R>Portfolio turnover rate	41%	35%	54%	30%	30%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the contingent deferred sales charge.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

Prospectus

Appendix - continued

Fidelity Advisor Freedom 2010 Fund - Class A

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 10.87	$ 8.19	$ 11.78	$ 12.28	$ 11.79</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.15	.21	.27	.33	.29</R>
<R>Net realized and unrealized gain (loss)	1.17	2.76	(3.28)	(.34)	.66</R>
<R>Total from investment operations	1.32	2.97	(3.01)	(.01)	.95</R>
<R>Distributions from net investment income	(.17)	(.21)	(.28)	(.30)	(.26)</R>
<R>Distributions from net realized gain	(.10)	(.08)	(.30)	(.19)	(.20)</R>
<R>Total distributions	(.27)	(.29) ^F	(.58)	(.49)	(.46)</R>
<R>Net asset value, end of period	$ 11.92	$ 10.87	$ 8.19	$ 11.78	$ 12.28</R>
<R>Total Return ^{A, B}	12.27%	36.51%	(26.36)%	(.27)%	8.22%</R>
<R>Ratios to Average Net Assets ^{D, E}					</R>
<R>Expenses before reductions	.25%	.25%	.25%	.25%	.25%</R>
<R>Expenses net of fee waivers, if any	.25%	.25%	.25%	.25%	.25%</R>
<R>Expenses net of all reductions	.25%	.25%	.25%	.25%	.25%</R>
<R>Net investment income (loss)	1.38%	2.04%	2.77%	2.66%	2.43%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 536,999	$ 478,025	$ 339,203	$ 377,118	$ 248,500</R>
<R>Portfolio turnover rate	41%	42%	44%	15%	22%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the sales charges.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^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.</R>

Prospectus

Fidelity Advisor Freedom 2010 Fund - Class T

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 10.83	$ 8.16	$ 11.74	$ 12.24	$ 11.75</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.13	.18	.25	.30	.26</R>
<R>Net realized and unrealized gain (loss)	1.15	2.76	(3.28)	(.34)	.66</R>
<R>Total from investment operations	1.28	2.94	(3.03)	(.04)	.92</R>
<R>Distributions from net investment income	(.13)	(.19)	(.25)	(.27)	(.23)</R>
<R>Distributions from net realized gain	(.10)	(.08)	(.30)	(.19)	(.20)</R>
<R>Total distributions	(.23)	(.27) ^F	(.55)	(.46)	(.43)</R>
<R>Net asset value, end of period	$ 11.88	$ 10.83	$ 8.16	$ 11.74	$ 12.24</R>
<R>Total Return ^{A, B}	11.95%	36.19%	(26.57)%	(.52)%	8.00%</R>
<R>Ratios to Average Net Assets ^{D, E}					</R>
<R>Expenses before reductions	.50%	.50%	.50%	.50%	.50%</R>
<R>Expenses net of fee waivers, if any	.50%	.50%	.50%	.50%	.50%</R>
<R>Expenses net of all reductions	.50%	.50%	.50%	.50%	.50%</R>
<R>Net investment income (loss)	1.13%	1.79%	2.52%	2.41%	2.18%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 152,126	$ 204,059	$ 163,842	$ 216,732	$ 194,563</R>
<R>Portfolio turnover rate	41%	42%	44%	15%	22%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the sales charges.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^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.</R>

Prospectus

Appendix - continued

Fidelity Advisor Freedom 2010 Fund - Class B

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 10.82	$ 8.15	$ 11.70	$ 12.20	$ 11.71</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.07	.13	.20	.24	.20</R>
<R>Net realized and unrealized gain (loss)	1.15	2.76	(3.26)	(.35)	.66</R>
<R>Total from investment operations	1.22	2.89	(3.06)	(.11)	.86</R>
<R>Distributions from net investment income	(.07)	(.13)	(.19)	(.20)	(.17)</R>
<R>Distributions from net realized gain	(.10)	(.08)	(.30)	(.19)	(.20)</R>
<R>Total distributions	(.17)	(.22) ^F	(.49)	(.39)	(.37)</R>
<R>Net asset value, end of period	$ 11.87	$ 10.82	$ 8.15	$ 11.70	$ 12.20</R>
<R>Total Return ^{A, B}	11.37%	35.54%	(26.92)%	(1.04)%	7.47%</R>
<R>Ratios to Average Net Assets ^{D, E}					</R>
<R>Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Net investment income (loss)	.63%	1.29%	2.03%	1.91%	1.68%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 15,842	$ 22,468	$ 19,950	$ 34,137	$ 34,834</R>
<R>Portfolio turnover rate	41%	42%	44%	15%	22%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the contingent deferred sales charge.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^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.</R>

Prospectus

Fidelity Advisor Freedom 2010 Fund - Class C

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 10.78	$ 8.13	$ 11.67	$ 12.17	$ 11.69</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.07	.13	.20	.23	.20</R>
<R>Net realized and unrealized gain (loss)	1.14	2.74	(3.25)	(.33)	.66</R>
<R>Total from investment operations	1.21	2.87	(3.05)	(.10)	.86</R>
<R>Distributions from net investment income	(.08)	(.14)	(.19)	(.21)	(.18)</R>
<R>Distributions from net realized gain	(.10)	(.08)	(.30)	(.19)	(.20)</R>
<R>Total distributions	(.18)	(.22) ^F	(.49)	(.40)	(.38)</R>
<R>Net asset value, end of period	$ 11.81	$ 10.78	$ 8.13	$ 11.67	$ 12.17</R>
<R>Total Return ^{A, B}	11.33%	35.45%	(26.88)%	(.97)%	7.45%</R>
<R>Ratios to Average Net Assets ^{D, E}					</R>
<R>Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Net investment income (loss)	.63%	1.29%	2.02%	1.91%	1.68%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 44,764	$ 47,178	$ 37,524	$ 58,378	$ 47,918</R>
<R>Portfolio turnover rate	41%	42%	44%	15%	22%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the contingent deferred sales charge.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^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.</R>

Prospectus

Appendix - continued

Fidelity Advisor Freedom 2015 Fund - Class A

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 10.81	$ 8.05	$ 11.85	$ 12.40	$ 11.84</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.16	.20	.26	.31	.26</R>
<R>Net realized and unrealized gain (loss)	1.16	2.84	(3.47)	(.35)	.74</R>
<R>Total from investment operations	1.32	3.04	(3.21)	(.04)	1.00</R>
<R>Distributions from net investment income	(.16)	(.20)	(.26)	(.27)	(.23)</R>
<R>Distributions from net realized gain	(.10)	(.08)	(.33)	(.24)	(.21)</R>
<R>Total distributions	(.26)	(.28) ^H	(.59) ^G	(.51) ^F	(.44)</R>
<R>Net asset value, end of period	$ 11.87	$ 10.81	$ 8.05	$ 11.85	$ 12.40</R>
<R>Total Return ^{A, B}	12.36%	37.95%	(28.01)%	(.53)%	8.56%</R>
<R>Ratios to Average Net Assets ^{D, E}					</R>
<R>Expenses before reductions	.25%	.25%	.25%	.25%	.25%</R>
<R>Expenses net of fee waivers, if any	.25%	.25%	.25%	.25%	.25%</R>
<R>Expenses net of all reductions	.25%	.25%	.25%	.25%	.25%</R>
<R>Net investment income (loss)	1.42%	2.02%	2.69%	2.46%	2.21%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 1,004,955	$ 830,024	$ 477,641	$ 517,888	$ 291,783</R>
<R>Portfolio turnover rate	33%	29%	36%	13%	11%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the sales charges.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^F Total distributions of $.51 per share is comprised of distributions from net investment income of $.268 and distributions from net realized gain of $.243 per share.</R>

<R>^G Total distributions of $.59 per share is comprised of distributions from net investment income of $.262 and distributions from net realized gain of $.325 per share.</R>

<R>^H 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.</R>

Prospectus

Fidelity Advisor Freedom 2015 Fund - Class T

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 10.79	$ 8.04	$ 11.82	$ 12.38	$ 11.81</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.13	.18	.24	.28	.23</R>
<R>Net realized and unrealized gain (loss)	1.16	2.82	(3.46)	(.36)	.75</R>
<R>Total from investment operations	1.29	3.00	(3.22)	(.08)	.98</R>
<R>Distributions from net investment income	(.13)	(.17)	(.23)	(.23)	(.20)</R>
<R>Distributions from net realized gain	(.10)	(.08)	(.33)	(.24)	(.21)</R>
<R>Total distributions	(.23)	(.25) ^H	(.56) ^G	(.48) ^F	(.41)</R>
<R>Net asset value, end of period	$ 11.85	$ 10.79	$ 8.04	$ 11.82	$ 12.38</R>
<R>Total Return ^{A, B}	12.09%	37.53%	(28.13)%	(.89)%	8.40%</R>
<R>Ratios to Average Net Assets ^{D, E}					</R>
<R>Expenses before reductions	.50%	.50%	.50%	.50%	.50%</R>
<R>Expenses net of fee waivers, if any	.50%	.50%	.50%	.50%	.50%</R>
<R>Expenses net of all reductions	.50%	.50%	.50%	.50%	.50%</R>
<R>Net investment income (loss)	1.17%	1.77%	2.44%	2.21%	1.96%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 236,106	$ 225,384	$ 162,439	$ 203,822	$ 186,106</R>
<R>Portfolio turnover rate	33%	29%	36%	13%	11%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the sales charges.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^F Total distributions of $.48 per share is comprised of distributions from net investment income of $.233 and distributions from net realized gain of $.243 per share.</R>

<R>^G Total distributions of $.56 per share is comprised of distributions from net investment income of $.234 and distributions from net realized gain of $.325 per share.</R>

<R>^H 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.</R>

Prospectus

Appendix - continued

Fidelity Advisor Freedom 2015 Fund - Class B

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 10.76	$ 8.02	$ 11.77	$ 12.33	$ 11.77</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.07	.13	.19	.21	.17</R>
<R>Net realized and unrealized gain (loss)	1.16	2.82	(3.44)	(.36)	.74</R>
<R>Total from investment operations	1.23	2.95	(3.25)	(.15)	.91</R>
<R>Distributions from net investment income	(.07)	(.12)	(.17)	(.17)	(.14)</R>
<R>Distributions from net realized gain	(.10)	(.08)	(.33)	(.24)	(.21)</R>
<R>Total distributions	(.17)	(.21) ^H	(.50) ^G	(.41) ^F	(.35)</R>
<R>Net asset value, end of period	$ 11.82	$ 10.76	$ 8.02	$ 11.77	$ 12.33</R>
<R>Total Return ^{A, B}	11.51%	36.85%	(28.47)%	(1.37)%	7.83%</R>
<R>Ratios to Average Net Assets ^{D, E}					</R>
<R>Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Net investment income (loss)	.67%	1.27%	1.94%	1.71%	1.46%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 32,762	$ 35,932	$ 27,727	$ 43,608	$ 41,424</R>
<R>Portfolio turnover rate	33%	29%	36%	13%	11%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the contingent deferred sales charge.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^F Total distributions of $.41 per share is comprised of distributions from net investment income of $.171 and distributions from net realized gain of $.243 per share.</R>

<R>^G Total distributions of $.50 per share is comprised of distributions from net investment income of $.173 and distributions from net realized gain of $.325 per share.</R>

<R>^H 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.</R>

Prospectus

Fidelity Advisor Freedom 2015 Fund - Class C

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 10.74	$ 8.00	$ 11.76	$ 12.32	$ 11.77</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.07	.13	.19	.21	.17</R>
<R>Net realized and unrealized gain (loss)	1.15	2.82	(3.45)	(.35)	.74</R>
<R>Total from investment operations	1.22	2.95	(3.26)	(.14)	.91</R>
<R>Distributions from net investment income	(.07)	(.13)	(.18)	(.18)	(.15)</R>
<R>Distributions from net realized gain	(.10)	(.08)	(.33)	(.24)	(.21)</R>
<R>Total distributions	(.17)	(.21) ^H	(.50) ^G	(.42) ^F	(.36)</R>
<R>Net asset value, end of period	$ 11.79	$ 10.74	$ 8.00	$ 11.76	$ 12.32</R>
<R>Total Return ^{A, B}	11.49%	36.97%	(28.53)%	(1.34)%	7.81%</R>
<R>Ratios to Average Net Assets ^{D, E}					</R>
<R>Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Net investment income (loss)	.67%	1.27%	1.94%	1.71%	1.46%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 70,396	$ 64,801	$ 46,942	$ 65,543	$ 56,686</R>
<R>Portfolio turnover rate	33%	29%	36%	13%	11%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the contingent deferred sales charge.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^F Total distributions of $.42 per share is comprised of distributions from net investment income of $.175 and distributions from net realized gain of $.243 per share.</R>

<R>^G Total distributions of $.50 per share is comprised of distributions from net investment income of $.179 and distributions from net realized gain of $.325 per share.</R>

<R>^H 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.</R>

Prospectus

Appendix - continued

Fidelity Advisor Freedom 2020 Fund - Class A

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 11.21	$ 7.97	$ 12.73	$ 13.49	$ 12.85</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.16	.20	.25	.28	.24</R>
<R>Net realized and unrealized gain (loss)	1.36	3.32	(4.33)	(.49)	.92</R>
<R>Total from investment operations	1.52	3.52	(4.08)	(.21)	1.16</R>
<R>Distributions from net investment income	(.17)	(.19)	(.25)	(.25)	(.23)</R>
<R>Distributions from net realized gain	(.11)	(.09)	(.43)	(.30)	(.30)</R>
<R>Total distributions	(.28)	(.28)^G	(.68)	(.55)	(.52)^F</R>
<R>Net asset value, end of period	$ 12.45	$ 11.21	$ 7.97	$ 12.73	$ 13.49</R>
<R>Total Return^A,B	13.73%	44.32%	(33.34)%	(1.83)%	9.21%</R>
<R>Ratios to Average Net Assets^D,E					</R>
<R>Expenses before reductions	.25%	.25%	.25%	.25%	.25%</R>
<R>Expenses net of fee waivers, if any	.25%	.25%	.25%	.25%	.25%</R>
<R>Expenses net of all reductions	.25%	.25%	.25%	.25%	.25%</R>
<R>Net investment income (loss)	1.43%	1.92%	2.49%	2.07%	1.89%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 1,557,402	$ 1,238,015	$ 677,210	$ 811,992	$ 511,536</R>
<R>Portfolio turnover rate	39%	26%	31%	10%	13%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the sales charges.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^F Total distributions of $.52 per share is comprised of distributions from net investment income of $.225 and distributions from net realized gain of $.295 per share.</R>

<R>^G 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.</R>

Prospectus

Fidelity Advisor Freedom 2020 Fund - Class T

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 11.20	$ 7.96	$ 12.72	$ 13.47	$ 12.83</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.13	.17	.23	.25	.21</R>
<R>Net realized and unrealized gain (loss)	1.37	3.32	(4.34)	(.49)	.92</R>
<R>Total from investment operations	1.50	3.49	(4.11)	(.24)	1.13</R>
<R>Distributions from net investment income	(.13)	(.16)	(.22)	(.21)	(.19)</R>
<R>Distributions from net realized gain	(.11)	(.09)	(.43)	(.30)	(.30)</R>
<R>Total distributions	(.25)^H	(.25)^G	(.65)	(.51)	(.49)^F</R>
<R>Net asset value, end of period	$ 12.45	$ 11.20	$ 7.96	$ 12.72	$ 13.47</R>
<R>Total Return^A,B	13.50%	44.02%	(33.56)%	(2.02)%	8.97%</R>
<R>Ratios to Average Net Assets^D,E					</R>
<R>Expenses before reductions	.50%	.50%	.50%	.50%	.50%</R>
<R>Expenses net of fee waivers, if any	.50%	.50%	.50%	.50%	.50%</R>
<R>Expenses net of all reductions	.50%	.50%	.50%	.50%	.50%</R>
<R>Net investment income (loss)	1.18%	1.67%	2.24%	1.82%	1.63%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 424,707	$ 488,097	$ 343,919	$ 458,465	$ 431,886</R>
<R>Portfolio turnover rate	39%	26%	31%	10%	13%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the sales charges.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^F Total distributions of $.49 per share is comprised of distributions from net investment income of $.194 and distributions from net realized gain of $.295 per share.</R>

<R>^G 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.</R>

<R>^H 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.</R>

Prospectus

Appendix - continued

Fidelity Advisor Freedom 2020 Fund - Class B

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 11.17	$ 7.94	$ 12.66	$ 13.41	$ 12.78</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.08	.12	.18	.18	.15</R>
<R>Net realized and unrealized gain (loss)	1.35	3.31	(4.31)	(.48)	.91</R>
<R>Total from investment operations	1.43	3.43	(4.13)	(.30)	1.06</R>
<R>Distributions from net investment income	(.08)	(.12)	(.16)	(.15)	(.13)</R>
<R>Distributions from net realized gain	(.11)	(.09)	(.43)	(.30)	(.30)</R>
<R>Total distributions	(.19)	(.20)^G	(.59)	(.45)	(.43)^F</R>
<R>Net asset value, end of period	$ 12.41	$ 11.17	$ 7.94	$ 12.66	$ 13.41</R>
<R>Total Return^A,B	12.87%	43.34%	(33.87)%	(2.51)%	8.40%</R>
<R>Ratios to Average Net Assets^D,E					</R>
<R>Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Net investment income (loss)	.68%	1.17%	1.74%	1.32%	1.13%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 61,856	$ 71,888	$ 52,871	$ 89,049	$ 85,981</R>
<R>Portfolio turnover rate	39%	26%	31%	10%	13%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the contingent deferred sales charge.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^F Total distributions of $.43 per share is comprised of distributions from net investment income of $.131 and distributions from net realized gain of $.295 per share.</R>

<R>^G 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.</R>

Prospectus

Fidelity Advisor Freedom 2020 Fund - Class C

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 11.14	$ 7.92	$ 12.64	$ 13.40	$ 12.77</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.08	.12	.18	.18	.15</R>
<R>Net realized and unrealized gain (loss)	1.34	3.31	(4.31)	(.49)	.91</R>
<R>Total from investment operations	1.42	3.43	(4.13)	(.31)	1.06</R>
<R>Distributions from net investment income	(.08)	(.12)	(.16)	(.15)	(.14)</R>
<R>Distributions from net realized gain	(.11)	(.09)	(.43)	(.30)	(.30)</R>
<R>Total distributions	(.19)	(.21)^G	(.59)	(.45)	(.43)^F</R>
<R>Net asset value, end of period	$ 12.37	$ 11.14	$ 7.92	$ 12.64	$ 13.40</R>
<R>Total Return^A,B	12.89%	43.38%	(33.90)%	(2.56)%	8.45%</R>
<R>Ratios to Average Net Assets^D,E					</R>
<R>Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Net investment income (loss)	.68%	1.17%	1.74%	1.32%	1.14%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 101,019	$ 93,237	$ 62,702	$ 95,224	$ 85,076</R>
<R>Portfolio turnover rate	39%	26%	31%	10%	13%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the contingent deferred sales charge.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^F Total distributions of $.43 per share is comprised of distributions from net investment income of $.135 and distributions from net realized gain of $.295 per share.</R>

<R>^G 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.</R>

Prospectus

Appendix - continued

Fidelity Advisor Freedom 2025 Fund - Class A

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 10.76	$ 7.51	$ 12.26	$ 13.01	$ 12.34</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.16	.18	.23	.26	.22</R>
<R>Net realized and unrealized gain (loss)	1.43	3.32	(4.36)	(.50)	.90</R>
<R>Total from investment operations	1.59	3.50	(4.13)	(.24)	1.12</R>
<R>Distributions from net investment income	(.16)	(.17)	(.22)	(.22)	(.19)</R>
<R>Distributions from net realized gain	(.11)	(.09)	(.40)	(.29)	(.26)</R>
<R>Total distributions	(.26)^G	(.25)^F	(.62)	(.51)	(.45)</R>
<R>Net asset value, end of period	$ 12.09	$ 10.76	$ 7.51	$ 12.26	$ 13.01</R>
<R>Total Return^A,B	14.97%	46.86%	(34.98)%	(2.14)%	9.26%</R>
<R>Ratios to Average Net Assets^D,E					</R>
<R>Expenses before reductions	.25%	.25%	.25%	.25%	.25%</R>
<R>Expenses net of fee waivers, if any	.25%	.25%	.25%	.25%	.25%</R>
<R>Expenses net of all reductions	.25%	.25%	.25%	.25%	.25%</R>
<R>Net investment income (loss)	1.42%	1.82%	2.41%	1.95%	1.79%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 1,290,255	$ 999,687	$ 512,482	$ 558,890	$ 306,544</R>
<R>Portfolio turnover rate	34%	19%	29%	10%	3%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the sales charges.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^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.</R>

<R>^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.</R>

Prospectus

Fidelity Advisor Freedom 2025 Fund - Class T

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 10.78	$ 7.52	$ 12.28	$ 13.03	$ 12.35</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.13	.15	.21	.23	.19</R>
<R>Net realized and unrealized gain (loss)	1.43	3.34	(4.37)	(.51)	.91</R>
<R>Total from investment operations	1.56	3.49	(4.16)	(.28)	1.10</R>
<R>Distributions from net investment income	(.13)	(.15)	(.20)	(.18)	(.16)</R>
<R>Distributions from net realized gain	(.11)	(.09)	(.40)	(.29)	(.26)</R>
<R>Total distributions	(.23)^G	(.23)^F	(.60)	(.47)	(.42)</R>
<R>Net asset value, end of period	$ 12.11	$ 10.78	$ 7.52	$ 12.28	$ 13.03</R>
<R>Total Return^A,B	14.67%	46.60%	(35.20)%	(2.40)%	9.10%</R>
<R>Ratios to Average Net Assets^D,E					</R>
<R>Expenses before reductions	.50%	.50%	.50%	.50%	.50%</R>
<R>Expenses net of fee waivers, if any	.50%	.50%	.50%	.50%	.50%</R>
<R>Expenses net of all reductions	.50%	.50%	.50%	.50%	.50%</R>
<R>Net investment income (loss)	1.17%	1.57%	2.16%	1.70%	1.54%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 258,166	$ 230,003	$ 139,330	$ 173,946	$ 154,042</R>
<R>Portfolio turnover rate	34%	19%	29%	10%	3%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the sales charges.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^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.</R>

<R>^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.</R>

Prospectus

Appendix - continued

Fidelity Advisor Freedom 2025 Fund - Class B

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 10.70	$ 7.47	$ 12.17	$ 12.93	$ 12.26</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.07	.10	.16	.16	.13</R>
<R>Net realized and unrealized gain (loss)	1.42	3.32	(4.32)	(.51)	.90</R>
<R>Total from investment operations	1.49	3.42	(4.16)	(.35)	1.03</R>
<R>Distributions from net investment income	(.07)	(.10)	(.14)	(.12)	(.10)</R>
<R>Distributions from net realized gain	(.11)	(.09)	(.40)	(.29)	(.26)</R>
<R>Total distributions	(.18)	(.19)^F	(.54)	(.41)	(.36)</R>
<R>Net asset value, end of period	$ 12.01	$ 10.70	$ 7.47	$ 12.17	$ 12.93</R>
<R>Total Return^A,B	14.02%	45.83%	(35.45)%	(2.95)%	8.57%</R>
<R>Ratios to Average Net Assets^D,E					</R>
<R>Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Net investment income (loss)	.67%	1.07%	1.66%	1.20%	1.04%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 38,946	$ 38,816	$ 27,207	$ 43,016	$ 37,881</R>
<R>Portfolio turnover rate	34%	19%	29%	10%	3%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the contingent deferred sales charge.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^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.</R>

Prospectus

Fidelity Advisor Freedom 2025 Fund - Class C

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 10.68	$ 7.46	$ 12.16	$ 12.92	$ 12.26</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.07	.10	.16	.16	.13</R>
<R>Net realized and unrealized gain (loss)	1.41	3.31	(4.32)	(.50)	.89</R>
<R>Total from investment operations	1.48	3.41	(4.16)	(.34)	1.02</R>
<R>Distributions from net investment income	(.08)	(.11)	(.14)	(.13)	(.10)</R>
<R>Distributions from net realized gain	(.11)	(.09)	(.40)	(.29)	(.26)</R>
<R>Total distributions	(.18)^G	(.19)^F	(.54)	(.42)	(.36)</R>
<R>Net asset value, end of period	$ 11.98	$ 10.68	$ 7.46	$ 12.16	$ 12.92</R>
<R>Total Return^A,B	14.01%	45.83%	(35.44)%	(2.91)%	8.51%</R>
<R>Ratios to Average Net Assets^D,E					</R>
<R>Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Net investment income (loss)	.67%	1.07%	1.66%	1.20%	1.04%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 61,640	$ 52,756	$ 31,735	$ 40,426	$ 32,679</R>
<R>Portfolio turnover rate	34%	19%	29%	10%	3%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the contingent deferred sales charge.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^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.</R>

<R>^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.</R>

Prospectus

Appendix - continued

Fidelity Advisor Freedom 2030 Fund - Class A

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 11.29	$ 7.69	$ 13.29	$ 14.27	$ 13.47</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.16	.16	.21	.22	.20</R>
<R>Net realized and unrealized gain (loss)	1.54	3.68	(5.10)	(.63)	1.09</R>
<R>Total from investment operations	1.70	3.84	(4.89)	(.41)	1.29</R>
<R>Distributions from net investment income	(.16)	(.15)	(.21)	(.19)	(.18)</R>
<R>Distributions from net realized gain	(.11)	(.09)	(.50)	(.38)	(.31)</R>
<R>Total distributions	(.27)	(.24) ^F	(.71)	(.57)	(.49)</R>
<R>Net asset value, end of period	$ 12.72	$ 11.29	$ 7.69	$ 13.29	$ 14.27</R>
<R>Total Return ^{A, B}	15.27%	50.17%	(38.49)%	(3.22)%	9.82%</R>
<R>Ratios to Average Net Assets ^{D, E}					</R>
<R>Expenses before reductions	.25%	.25%	.25%	.25%	.25%</R>
<R>Expenses net of fee waivers, if any	.25%	.25%	.25%	.25%	.25%</R>
<R>Expenses net of all reductions	.25%	.25%	.25%	.25%	.25%</R>
<R>Net investment income (loss)	1.38%	1.61%	2.08%	1.53%	1.49%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 1,340,583	$ 1,030,972	$ 527,042	$ 626,641	$ 343,345</R>
<R>Portfolio turnover rate	38%	20%	22%	10%	8%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the sales charges.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^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.</R>

Prospectus

Fidelity Advisor Freedom 2030 Fund - Class T

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 11.25	$ 7.67	$ 13.25	$ 14.23	$ 13.43</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.13	.14	.19	.19	.17</R>
<R>Net realized and unrealized gain (loss)	1.54	3.66	(5.09)	(.64)	1.09</R>
<R>Total from investment operations	1.67	3.80	(4.90)	(.45)	1.26</R>
<R>Distributions from net investment income	(.13)	(.13)	(.18)	(.15)	(.15)</R>
<R>Distributions from net realized gain	(.11)	(.09)	(.50)	(.38)	(.31)</R>
<R>Total distributions	(.24)	(.22) ^F	(.68)	(.53)	(.46)</R>
<R>Net asset value, end of period	$ 12.68	$ 11.25	$ 7.67	$ 13.25	$ 14.23</R>
<R>Total Return ^{A, B}	14.98%	49.72%	(38.62)%	(3.49)%	9.59%</R>
<R>Ratios to Average Net Assets ^{D, E}					</R>
<R>Expenses before reductions	.50%	.50%	.50%	.50%	.50%</R>
<R>Expenses net of fee waivers, if any	.50%	.50%	.50%	.50%	.50%</R>
<R>Expenses net of all reductions	.50%	.50%	.50%	.50%	.50%</R>
<R>Net investment income (loss)	1.12%	1.36%	1.83%	1.28%	1.24%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 348,443	$ 382,092	$ 236,333	$ 297,618	$ 281,508</R>
<R>Portfolio turnover rate	38%	20%	22%	10%	8%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the sales charges.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^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.</R>

Prospectus

Appendix - continued

Fidelity Advisor Freedom 2030 Fund - Class B

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 11.21	$ 7.64	$ 13.17	$ 14.15	$ 13.37</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.07	.09	.14	.11	.10</R>
<R>Net realized and unrealized gain (loss)	1.53	3.65	(5.06)	(.63)	1.08</R>
<R>Total from investment operations	1.60	3.74	(4.92)	(.52)	1.18</R>
<R>Distributions from net investment income	(.07)	(.08)	(.11)	(.09)	(.09)</R>
<R>Distributions from net realized gain	(.11)	(.09)	(.50)	(.37)	(.31)</R>
<R>Total distributions	(.18)	(.17) ^F	(.61)	(.46)	(.40)</R>
<R>Net asset value, end of period	$ 12.63	$ 11.21	$ 7.64	$ 13.17	$ 14.15</R>
<R>Total Return ^{A, B}	14.38%	49.07%	(38.94)%	(3.96)%	8.98%</R>
<R>Ratios to Average Net Assets ^{D, E}					</R>
<R>Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Net investment income (loss)	.62%	.86%	1.33%	.78%	.74%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 47,275	$ 51,360	$ 35,701	$ 60,367	$ 56,845</R>
<R>Portfolio turnover rate	38%	20%	22%	10%	8%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the contingent deferred sales charge.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^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.</R>

Prospectus

Fidelity Advisor Freedom 2030 Fund - Class C

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 11.19	$ 7.63	$ 13.17	$ 14.15	$ 13.37</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.07	.09	.14	.11	.10</R>
<R>Net realized and unrealized gain (loss)	1.53	3.65	(5.06)	(.63)	1.08</R>
<R>Total from investment operations	1.60	3.74	(4.92)	(.52)	1.18</R>
<R>Distributions from net investment income	(.08)	(.08)	(.12)	(.09)	(.09)</R>
<R>Distributions from net realized gain	(.11)	(.09)	(.50)	(.37)	(.31)</R>
<R>Total distributions	(.19)	(.18) ^F	(.62)	(.46)	(.40)</R>
<R>Net asset value, end of period	$ 12.60	$ 11.19	$ 7.63	$ 13.17	$ 14.15</R>
<R>Total Return ^{A, B}	14.38%	49.06%	(38.96)%	(3.95)%	9.00%</R>
<R>Ratios to Average Net Assets ^{D, E}					</R>
<R>Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Net investment income (loss)	.63%	.86%	1.33%	.78%	.74%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 68,349	$ 63,700	$ 40,294	$ 58,768	$ 54,338</R>
<R>Portfolio turnover rate	38%	20%	22%	10%	8%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the contingent deferred sales charge.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^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.</R>

Prospectus

Appendix - continued

Fidelity Advisor Freedom 2035 Fund - Class A

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 10.65	$ 7.18	$ 12.53	$ 13.44	$ 12.67</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.14	.14	.20	.20	.19</R>
<R>Net realized and unrealized gain (loss)	1.56	3.55	(4.92)	(.60)	1.02</R>
<R>Total from investment operations	1.70	3.69	(4.72)	(.40)	1.21</R>
<R>Distributions from net investment income	(.13)	(.14)	(.18)	(.17)	(.15)</R>
<R>Distributions from net realized gain	(.11)	(.08)	(.45)	(.34)	(.29)</R>
<R>Total distributions	(.24)	(.22)	(.63) ^G	(.51)	(.44) ^F</R>
<R>Net asset value, end of period	$ 12.11	$ 10.65	$ 7.18	$ 12.53	$ 13.44</R>
<R>Total Return ^{A, B}	16.13%	51.59%	(39.29)%	(3.34)%	9.74%</R>
<R>Ratios to Average Net Assets ^{D, E}					</R>
<R>Expenses before reductions	.25%	.25%	.25%	.25%	.25%</R>
<R>Expenses net of fee waivers, if any	.25%	.25%	.25%	.25%	.25%</R>
<R>Expenses net of all reductions	.25%	.25%	.25%	.25%	.25%</R>
<R>Net investment income (loss)	1.26%	1.51%	2.04%	1.51%	1.48%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 906,896	$ 669,450	$ 314,996	$ 336,805	$ 146,175</R>
<R>Portfolio turnover rate	30%	16%	21%	9%	5%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the sales charges.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^F Total distributions of $.44 per share is comprised of distributions from net investment income of $.153 and distributions from net realized gain of $.287 per share.</R>

<R>^G Total distributions of $.63 per share is comprised of distributions from net investment income of $.182 and distributions from net realized gain of $.445 per share.</R>

Prospectus

Fidelity Advisor Freedom 2035 Fund - Class T

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 10.60	$ 7.15	$ 12.47	$ 13.38	$ 12.62</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.11	.12	.17	.17	.16</R>
<R>Net realized and unrealized gain (loss)	1.55	3.53	(4.89)	(.62)	1.01</R>
<R>Total from investment operations	1.66	3.65	(4.72)	(.45)	1.17</R>
<R>Distributions from net investment income	(.11)	(.12)	(.16)	(.13)	(.13)</R>
<R>Distributions from net realized gain	(.11)	(.08)	(.45)	(.33)	(.28)</R>
<R>Total distributions	(.21) ^H	(.20)	(.60) ^G	(.46)	(.41) ^F</R>
<R>Net asset value, end of period	$ 12.05	$ 10.60	$ 7.15	$ 12.47	$ 13.38</R>
<R>Total Return ^{A, B}	15.84%	51.17%	(39.42)%	(3.66)%	9.46%</R>
<R>Ratios to Average Net Assets ^{D, E}					</R>
<R>Expenses before reductions	.50%	.50%	.50%	.50%	.50%</R>
<R>Expenses net of fee waivers, if any	.50%	.50%	.50%	.50%	.50%</R>
<R>Expenses net of all reductions	.50%	.50%	.50%	.50%	.50%</R>
<R>Net investment income (loss)	1.01%	1.26%	1.79%	1.26%	1.23%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 169,442	$ 143,106	$ 81,463	$ 99,531	$ 84,368</R>
<R>Portfolio turnover rate	30%	16%	21%	9%	5%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the sales charges.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^F Total distributions of $.41 per share is comprised of distributions from net investment income of $.131 and distributions from net realized gain of $.280 per share.</R>

<R>^G Total distributions of $.60 per share is comprised of distributions from net investment income of $.156 and distributions from net realized gain of $.445 per share.</R>

<R>^H 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.</R>

Prospectus

Appendix - continued

Fidelity Advisor Freedom 2035 Fund - Class B

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 10.52	$ 7.10	$ 12.38	$ 13.29	$ 12.54</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.05	.07	.13	.10	.09</R>
<R>Net realized and unrealized gain (loss)	1.55	3.50	(4.86)	(.61)	1.02</R>
<R>Total from investment operations	1.60	3.57	(4.73)	(.51)	1.11</R>
<R>Distributions from net investment income	(.06)	(.07)	(.10)	(.08)	(.09)</R>
<R>Distributions from net realized gain	(.10)	(.08)	(.45)	(.32)	(.27)</R>
<R>Total distributions	(.16)	(.15)	(.55) ^G	(.40)	(.36) ^F</R>
<R>Net asset value, end of period	$ 11.96	$ 10.52	$ 7.10	$ 12.38	$ 13.29</R>
<R>Total Return ^{A, B}	15.28%	50.43%	(39.76)%	(4.10)%	8.98%</R>
<R>Ratios to Average Net Assets ^{D, E}					</R>
<R>Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Net investment income (loss)	.51%	.76%	1.30%	.76%	.73%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 28,360	$ 27,408	$ 17,892	$ 27,854	$ 23,065</R>
<R>Portfolio turnover rate	30%	16%	21%	9%	5%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the contingent deferred sales charge.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^F Total distributions of $.36 per share is comprised of distributions from net investment income of $.086 and distributions from net realized gain of $.270 per share.</R>

<R>^G Total distributions of $.55 per share is comprised of distributions from net investment income of $.103 and distributions from net realized gain of $.445 per share.</R>

Prospectus

Fidelity Advisor Freedom 2035 Fund - Class C

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 10.52	$ 7.11	$ 12.39	$ 13.30	$ 12.55</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.06	.07	.12	.10	.09</R>
<R>Net realized and unrealized gain (loss)	1.54	3.50	(4.85)	(.61)	1.02</R>
<R>Total from investment operations	1.60	3.57	(4.73)	(.51)	1.11</R>
<R>Distributions from net investment income	(.06)	(.08)	(.11)	(.08)	(.09)</R>
<R>Distributions from net realized gain	(.10)	(.08)	(.45)	(.32)	(.27)</R>
<R>Total distributions	(.16)	(.16)	(.55) ^G	(.40)	(.36) ^F</R>
<R>Net asset value, end of period	$ 11.96	$ 10.52	$ 7.11	$ 12.39	$ 13.30</R>
<R>Total Return ^{A, B}	15.33%	50.28%	(39.70)%	(4.10)%	8.99%</R>
<R>Ratios to Average Net Assets ^{D, E}					</R>
<R>Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Net investment income (loss)	.51%	.76%	1.29%	.76%	.73%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 36,389	$ 30,994	$ 17,821	$ 23,168	$ 19,041</R>
<R>Portfolio turnover rate	30%	16%	21%	9%	5%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the contingent deferred sales charge.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^F Total distributions of $.36 per share is comprised of distributions from net investment income of $.088 and distributions from net realized gain of $.270 per share.</R>

<R>^G Total distributions of $.55 per share is comprised of distributions from net investment income of $.107 and distributions from net realized gain of $.445 per share.</R>

Prospectus

Appendix - continued

Fidelity Advisor Freedom 2040 Fund - Class A

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 11.37	$ 7.59	$ 13.57	$ 14.69	$ 13.83</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.15	.15	.21	.22	.21</R>
<R>Net realized and unrealized gain (loss)	1.69	3.87	(5.44)	(.74)	1.16</R>
<R>Total from investment operations	1.84	4.02	(5.23)	(.52)	1.37</R>
<R>Distributions from net investment income	(.15)	(.15)	(.20)	(.20)	(.18)</R>
<R>Distributions from net realized gain	(.11)	(.09)	(.56)	(.40)	(.33)</R>
<R>Total distributions	(.26)	(.24)	(.75)^G	(.60)	(.51)^F</R>
<R>Net asset value, end of period	$ 12.95	$ 11.37	$ 7.59	$ 13.57	$ 14.69</R>
<R>Total Return^A,B	16.38%	53.15%	(40.42)%	(3.92)%	10.09%</R>
<R>Ratios to Average Net Assets^D,E					</R>
<R>Expenses before reductions	.25%	.25%	.25%	.25%	.25%</R>
<R>Expenses net of fee waivers, if any	.25%	.25%	.25%	.25%	.25%</R>
<R>Expenses net of all reductions	.25%	.25%	.25%	.25%	.25%</R>
<R>Net investment income (loss)	1.25%	1.52%	2.02%	1.47%	1.48%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 865,008	$ 670,673	$ 342,357	$ 428,381	$ 263,733</R>
<R>Portfolio turnover rate	38%	18%	18%	9%	7%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the sales charges.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^F Total distributions of $.51 per share is comprised of distributions from net investment income of $.181 and distributions from net realized gain of $.325 per share.</R>

<R>^G Total distributions of $.75 per share is comprised of distributions from net investment income of $.197 and distributions from net realized gain of $.555 per share.</R>

Prospectus

Fidelity Advisor Freedom 2040 Fund - Class T

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 11.34	$ 7.57	$ 13.54	$ 14.64	$ 13.79</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.12	.13	.18	.18	.17</R>
<R>Net realized and unrealized gain (loss)	1.68	3.86	(5.43)	(.72)	1.16</R>
<R>Total from investment operations	1.80	3.99	(5.25)	(.54)	1.33</R>
<R>Distributions from net investment income	(.11)	(.13)	(.17)	(.16)	(.15)</R>
<R>Distributions from net realized gain	(.11)	(.09)	(.56)	(.40)	(.33)</R>
<R>Total distributions	(.22)	(.22)	(.72)^G	(.56)	(.48)^F</R>
<R>Net asset value, end of period	$ 12.92	$ 11.34	$ 7.57	$ 13.54	$ 14.64</R>
<R>Total Return^A,B	16.06%	52.83%	(40.61)%	(4.05)%	9.81%</R>
<R>Ratios to Average Net Assets^D,E					</R>
<R>Expenses before reductions	.50%	.50%	.50%	.50%	.50%</R>
<R>Expenses net of fee waivers, if any	.50%	.50%	.50%	.50%	.50%</R>
<R>Expenses net of all reductions	.50%	.50%	.50%	.50%	.50%</R>
<R>Net investment income (loss)	1.00%	1.27%	1.77%	1.22%	1.23%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 276,335	$ 300,594	$ 181,917	$ 238,675	$ 221,815</R>
<R>Portfolio turnover rate	38%	18%	18%	9%	7%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the sales charges.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^F Total distributions of $.48 per share is comprised of distributions from net investment income of $.150 and distributions from net realized gain of $.325 per share.</R>

<R>^G Total distributions of $.72 per share is comprised of distributions from net investment income of $.168 and distributions from net realized gain of $.555 per share.</R>

Prospectus

Appendix - continued

Fidelity Advisor Freedom 2040 Fund - Class B

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 11.26	$ 7.52	$ 13.42	$ 14.53	$ 13.70</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.06	.08	.13	.11	.10</R>
<R>Net realized and unrealized gain (loss)	1.66	3.83	(5.37)	(.73)	1.14</R>
<R>Total from investment operations	1.72	3.91	(5.24)	(.62)	1.24</R>
<R>Distributions from net investment income	(.06)	(.08)	(.11)	(.10)	(.10)</R>
<R>Distributions from net realized gain	(.10)	(.09)	(.55)	(.39)	(.32)</R>
<R>Total distributions	(.16)	(.17)	(.66)^G	(.49)	(.41)^F</R>
<R>Net asset value, end of period	$ 12.82	$ 11.26	$ 7.52	$ 13.42	$ 14.53</R>
<R>Total Return^A,B	15.43%	52.08%	(40.85)%	(4.59)%	9.25%</R>
<R>Ratios to Average Net Assets^D,E					</R>
<R>Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Net investment income (loss)	.50%	.77%	1.28%	.72%	.73%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 41,935	$ 43,773	$ 29,479	$ 50,827	$ 46,110</R>
<R>Portfolio turnover rate	38%	18%	18%	9%	7%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the contingent deferred sales charge.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^F Total distributions of $.41 per share is comprised of distributions from net investment income of $.098 and distributions from net realized gain of $.315 per share.</R>

<R>^G Total distributions of $.66 per share is comprised of distributions from net investment income of $.112 and distributions from net realized gain of $.550 per share.</R>

Prospectus

Fidelity Advisor Freedom 2040 Fund - Class C

<R>Years ended March 31,	2011	2010	2009	2008	2007</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 11.25	$ 7.51	$ 13.42	$ 14.52	$ 13.70</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^C	.06	.08	.13	.11	.10</R>
<R>Net realized and unrealized gain (loss)	1.66	3.83	(5.37)	(.72)	1.13</R>
<R>Total from investment operations	1.72	3.91	(5.24)	(.61)	1.23</R>
<R>Distributions from net investment income	(.07)	(.08)	(.12)	(.10)	(.10)</R>
<R>Distributions from net realized gain	(.10)	(.09)	(.55)	(.39)	(.32)</R>
<R>Total distributions	(.17)	(.17)	(.67)^G	(.49)	(.41)^F</R>
<R>Net asset value, end of period	$ 12.80	$ 11.25	$ 7.51	$ 13.42	$ 14.52</R>
<R>Total Return^A,B	15.39%	52.18%	(40.91)%	(4.54)%	9.17%</R>
<R>Ratios to Average Net Assets^D,E					</R>
<R>Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00%</R>
<R>Net investment income (loss)	.50%	.77%	1.28%	.72%	.73%</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 58,416	$ 53,334	$ 34,036	$ 54,549	$ 54,022</R>
<R>Portfolio turnover rate	38%	18%	18%	9%	7%</R>

<R>^A Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^B Total returns do not include the effect of the contingent deferred sales charge.</R>

<R>^C Calculated based on average shares outstanding during the period.</R>

<R>^D Amounts do not include the activity of the underlying funds.</R>

<R>^F Total distributions of $.41 per share is comprised of distributions from net investment income of $.098 and distributions from net realized gain of $.315 per share.</R>

<R>^G Total distributions of $.67 per share is comprised of distributions from net investment income of $.115 and distributions from net realized gain of $.550 per share.</R>

Prospectus

Appendix - continued

Fidelity Advisor Freedom 2045 Fund - Class A

<R>Years ended March 31,	2011	2010	2009	2008	2007 ^G</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 8.82	$ 5.86	$ 10.39	$ 11.05	$ 10.00</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^E	.12	.12	.16	.16	.12</R>
<R>Net realized and unrealized gain (loss)	1.33	3.02	(4.29)	(.57)	1.06</R>
<R>Total from investment operations	1.45	3.14	(4.13)	(.41)	1.18</R>
<R>Distributions from net investment income	(.11)	(.11)	(.14)	(.11)	(.08)</R>
<R>Distributions from net realized gain	(.08)	(.07)	(.26)	(.14)	(.05)</R>
<R>Total distributions	(.19)	(.18)	(.40)	(.25)^I	(.13)</R>
<R>Net asset value, end of period	$ 10.08	$ 8.82	$ 5.86	$ 10.39	$ 11.05</R>
<R>Total Return^B,C,D	16.67%	53.81%	(40.93)%	(3.96)%	11.78%</R>
<R>Ratios to Average Net Assets^F,H					</R>
<R>Expenses before reductions	.25%	.25%	.25%	.25%	.25% ^A</R>
<R>Expenses net of fee waivers, if any	.25%	.25%	.25%	.25%	.25% ^A</R>
<R>Expenses net of all reductions	.25%	.25%	.25%	.25%	.25% ^A</R>
<R>Net investment income (loss)	1.35%	1.53%	2.12%	1.44%	1.31% ^A</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 320,731	$ 205,405	$ 81,985	$ 61,721	$ 12,550</R>
<R>Portfolio turnover rate	32%	14%	18%	22%	16% ^A</R>

<R>^A Annualized</R>

<R>^B Total returns for periods of less than one year are not annualized.</R>

<R>^C Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^D Total returns do not include the effect of the sales charges.</R>

<R>^E Calculated based on average shares outstanding during the period.</R>

<R>^F Amounts do not include the activity of the underlying funds.</R>

<R>^G For the period June 1, 2006 (commencement of operations) to March 31, 2007.</R>

<R>^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.</R>

<R>^I Total distributions of $.25 per share is comprised of distributions from net investment income of $.110 and distributions from net realized gain of $.138 per share.</R>

Prospectus

Fidelity Advisor Freedom 2045 Fund - Class T

<R>Years ended March 31,	2011	2010	2009	2008	2007 ^G</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 8.79	$ 5.84	$ 10.36	$ 11.03	$ 10.00</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^E	.10	.10	.14	.13	.09</R>
<R>Net realized and unrealized gain (loss)	1.32	3.02	(4.28)	(.57)	1.06</R>
<R>Total from investment operations	1.42	3.12	(4.14)	(.44)	1.15</R>
<R>Distributions from net investment income	(.09)	(.10)	(.12)	(.09)	(.07)</R>
<R>Distributions from net realized gain	(.08)	(.07)	(.26)	(.14)	(.05)</R>
<R>Total distributions	(.17)	(.17)	(.38)	(.23)^I	(.12)</R>
<R>Net asset value, end of period	$ 10.04	$ 8.79	$ 5.84	$ 10.36	$ 11.03</R>
<R>Total Return^B,C,D	16.36%	53.52%	(41.08)%	(4.23)%	11.53%</R>
<R>Ratios to Average Net Assets^F,H					</R>
<R>Expenses before reductions	.50%	.50%	.50%	.50%	.50% ^A</R>
<R>Expenses net of fee waivers, if any	.50%	.50%	.50%	.50%	.50% ^A</R>
<R>Expenses net of all reductions	.50%	.50%	.50%	.50%	.50% ^A</R>
<R>Net investment income (loss)	1.10%	1.28%	1.87%	1.19%	1.06% ^A</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 60,268	$ 43,326	$ 18,065	$ 11,746	$ 3,339</R>
<R>Portfolio turnover rate	32%	14%	18%	22%	16% ^A</R>

<R>^A Annualized</R>

<R>^B Total returns for periods of less than one year are not annualized.</R>

<R>^C Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^D Total returns do not include the effect of the sales charges.</R>

<R>^E Calculated based on average shares outstanding during the period.</R>

<R>^F Amounts do not include the activity of the underlying funds.</R>

<R>^G For the period June 1, 2006 (commencement of operations) to March 31, 2007.</R>

<R>^I Total distributions of $.23 per share is comprised of distributions from net investment income of $.090 and distributions from net realized gain of $.137 per share.</R>

Prospectus

Appendix - continued

Fidelity Advisor Freedom 2045 Fund - Class B

<R>Years ended March 31,	2011	2010	2009	2008	2007 ^G</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 8.77	$ 5.83	$ 10.33	$ 11.01	$ 10.00</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^E	.05	.06	.11	.08	.05</R>
<R>Net realized and unrealized gain (loss)	1.32	3.01	(4.27)	(.57)	1.06</R>
<R>Total from investment operations	1.37	3.07	(4.16)	(.49)	1.11</R>
<R>Distributions from net investment income	(.05)	(.06)	(.08)	(.06)	(.05)</R>
<R>Distributions from net realized gain	(.08)	(.07)	(.26)	(.13)	(.05)</R>
<R>Total distributions	(.13)	(.13)	(.34)	(.19)^I	(.10)</R>
<R>Net asset value, end of period	$ 10.01	$ 8.77	$ 5.83	$ 10.33	$ 11.01</R>
<R>Total Return^B,C,D	15.71%	52.74%	(41.39)%	(4.65)%	11.09%</R>
<R>Ratios to Average Net Assets^F,H					</R>
<R>Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00% ^A</R>
<R>Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00% ^A</R>
<R>Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00% ^A</R>
<R>Net investment income (loss)	.60%	.78%	1.37%	.69%	.56% ^A</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 4,612	$ 4,089	$ 2,231	$ 2,476	$ 776</R>
<R>Portfolio turnover rate	32%	14%	18%	22%	16% ^A</R>

<R>^A Annualized</R>

<R>^B Total returns for periods of less than one year are not annualized.</R>

<R>^C Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^D Total returns do not include the effect of the contingent deferred sales charge.</R>

<R>^E Calculated based on average shares outstanding during the period.</R>

<R>^F Amounts do not include the activity of the underlying funds.</R>

<R>^G For the period June 1, 2006 (commencement of operations) to March 31, 2007.</R>

<R>^I Total distributions of $.19 per share is comprised of distributions from net investment income of $.058 and distributions from net realized gain of $.130 per share.</R>

Prospectus

Fidelity Advisor Freedom 2045 Fund - Class C

<R>Years ended March 31,	2011	2010	2009	2008	2007 ^G</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 8.76	$ 5.82	$ 10.32	$ 11.01	$ 10.00</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^E	.05	.06	.11	.08	.05</R>
<R>Net realized and unrealized gain (loss)	1.32	3.01	(4.27)	(.58)	1.06</R>
<R>Total from investment operations	1.37	3.07	(4.16)	(.50)	1.11</R>
<R>Distributions from net investment income	(.06)	(.06)	(.08)	(.06)	(.05)</R>
<R>Distributions from net realized gain	(.08)	(.07)	(.26)	(.13)	(.05)</R>
<R>Total distributions	(.13)^J	(.13)	(.34)	(.19)^I	(.10)</R>
<R>Net asset value, end of period	$ 10.00	$ 8.76	$ 5.82	$ 10.32	$ 11.01</R>
<R>Total Return^B,C,D	15.80%	52.90%	(41.39)%	(4.74)%	11.08%</R>
<R>Ratios to Average Net Assets^F,H					</R>
<R>Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00% ^A</R>
<R>Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00% ^A</R>
<R>Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00% ^A</R>
<R>Net investment income (loss)	.60%	.78%	1.37%	.69%	.56% ^A</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 8,753	$ 6,199	$ 3,027	$ 2,539	$ 770</R>
<R>Portfolio turnover rate	32%	14%	18%	22%	16% ^A</R>

<R>^A Annualized</R>

<R>^B Total returns for periods of less than one year are not annualized.</R>

<R>^C Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^D Total returns do not include the effect of the contingent deferred sales charge.</R>

<R>^E Calculated based on average shares outstanding during the period.</R>

<R>^F Amounts do not include the activity of the underlying funds.</R>

<R>^G For the period June 1, 2006 (commencement of operations) to March 31, 2007.</R>

<R>^I Total distributions of $.19 per share is comprised of distributions from net investment income of $.058 and distributions from net realized gain of $.130 per share.</R>

<R>^J 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.</R>

Prospectus

Appendix - continued

Fidelity Advisor Freedom 2050 Fund - Class A

<R>Years ended March 31,	2011	2010	2009	2008	2007 ^G</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 8.66	$ 5.67	$ 10.32	$ 11.04	$ 10.00</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^E	.11	.11	.16	.16	.13</R>
<R>Net realized and unrealized gain (loss)	1.34	3.05	(4.39)	(.60)	1.06</R>
<R>Total from investment operations	1.45	3.16	(4.23)	(.44)	1.19</R>
<R>Distributions from net investment income	(.11)	(.10)	(.13)	(.11)	(.09)</R>
<R>Distributions from net realized gain	(.08)	(.07)	(.30)	(.17)	(.06)</R>
<R>Total distributions	(.18)^J	(.17)	(.42)^I	(.28)	(.15)</R>
<R>Net asset value, end of period	$ 9.93	$ 8.66	$ 5.67	$ 10.32	$ 11.04</R>
<R>Total Return^B,C,D	16.99%	55.94%	(42.30)%	(4.27)%	11.91%</R>
<R>Ratios to Average Net Assets^F,H					</R>
<R>Expenses before reductions	.25%	.25%	.25%	.25%	.25% ^A</R>
<R>Expenses net of fee waivers, if any	.25%	.25%	.25%	.25%	.25% ^A</R>
<R>Expenses net of all reductions	.25%	.25%	.25%	.25%	.25% ^A</R>
<R>Net investment income (loss)	1.23%	1.43%	2.04%	1.39%	1.45% ^A</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 220,549	$ 137,716	$ 57,591	$ 55,250	$ 12,907</R>
<R>Portfolio turnover rate	36%	15%	16%	25%	4% ^A</R>

<R>^A Annualized</R>

<R>^B Total returns for periods of less than one year are not annualized.</R>

<R>^C Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^D Total returns do not include the effect of the sales charges.</R>

<R>^E Calculated based on average shares outstanding during the period.</R>

<R>^F Amounts do not include the activity of the underlying funds.</R>

<R>^G For the period June 1, 2006 (commencement of operations) to March 31, 2007.</R>

<R>^I Total distributions of $.42 per share is comprised of distributions from net investment income of $.127 and distributions from net realized gain of $.295 per share.</R>

<R>^J 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.</R>

Prospectus

Fidelity Advisor Freedom 2050 Fund - Class T

<R>Years ended March 31,	2011	2010	2009	2008	2007 ^G</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 8.64	$ 5.66	$ 10.30	$ 11.02	$ 10.00</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^E	.09	.09	.14	.13	.11</R>
<R>Net realized and unrealized gain (loss)	1.33	3.05	(4.37)	(.59)	1.05</R>
<R>Total from investment operations	1.42	3.14	(4.23)	(.46)	1.16</R>
<R>Distributions from net investment income	(.09)	(.09)	(.11)	(.09)	(.08)</R>
<R>Distributions from net realized gain	(.08)	(.07)	(.30)	(.17)	(.06)</R>
<R>Total distributions	(.16)^J	(.16)	(.41)^I	(.26)	(.14)</R>
<R>Net asset value, end of period	$ 9.90	$ 8.64	$ 5.66	$ 10.30	$ 11.02</R>
<R>Total Return^B,C,D	16.66%	55.57%	(42.41)%	(4.45)%	11.64%</R>
<R>Ratios to Average Net Assets^F,H					</R>
<R>Expenses before reductions	.50%	.50%	.50%	.50%	.50% ^A</R>
<R>Expenses net of fee waivers, if any	.50%	.50%	.50%	.50%	.50% ^A</R>
<R>Expenses net of all reductions	.50%	.50%	.50%	.50%	.50% ^A</R>
<R>Net investment income (loss)	.98%	1.18%	1.79%	1.14%	1.20% ^A</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 61,195	$ 46,449	$ 21,186	$ 15,147	$ 3,520</R>
<R>Portfolio turnover rate	36%	15%	16%	25%	4% ^A</R>

<R>^A Annualized</R>

<R>^B Total returns for periods of less than one year are not annualized.</R>

<R>^C Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^D Total returns do not include the effect of the sales charges.</R>

<R>^E Calculated based on average shares outstanding during the period.</R>

<R>^F Amounts do not include the activity of the underlying funds.</R>

<R>^G For the period June 1, 2006 (commencement of operations) to March 31, 2007.</R>

<R>^I Total distributions of $.41 per share is comprised of distributions from net investment income of $.112 and distributions from net realized gain of $.295 per share.</R>

<R>^J 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.</R>

Prospectus

Appendix - continued

Fidelity Advisor Freedom 2050 Fund - Class B

<R>Years ended March 31,	2011	2010	2009	2008	2007 ^G</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 8.60	$ 5.64	$ 10.26	$ 11.00	$ 10.00</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^E	.04	.05	.10	.07	.06</R>
<R>Net realized and unrealized gain (loss)	1.34	3.03	(4.35)	(.59)	1.07</R>
<R>Total from investment operations	1.38	3.08	(4.25)	(.52)	1.13</R>
<R>Distributions from net investment income	(.05)	(.05)	(.08)	(.06)	(.07)</R>
<R>Distributions from net realized gain	(.07)	(.07)	(.29)	(.16)	(.06)</R>
<R>Total distributions	(.12)	(.12)	(.37)^I	(.22)	(.13)</R>
<R>Net asset value, end of period	$ 9.86	$ 8.60	$ 5.64	$ 10.26	$ 11.00</R>
<R>Total Return^B,C,D	16.16%	54.72%	(42.71)%	(4.93)%	11.31%</R>
<R>Ratios to Average Net Assets^F,H					</R>
<R>Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00% ^A</R>
<R>Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00% ^A</R>
<R>Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00% ^A</R>
<R>Net investment income (loss)	.48%	.68%	1.29%	.64%	.70% ^A</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 6,704	$ 5,847	$ 3,078	$ 3,414	$ 1,177</R>
<R>Portfolio turnover rate	36%	15%	16%	25%	4% ^A</R>

<R>^A Annualized</R>

<R>^B Total returns for periods of less than one year are not annualized.</R>

<R>^C Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^D Total returns do not include the effect of the contingent deferred sales charge.</R>

<R>^E Calculated based on average shares outstanding during the period.</R>

<R>^F Amounts do not include the activity of the underlying funds.</R>

<R>^G For the period June 1, 2006 (commencement of operations) to March 31, 2007.</R>

<R>^I Total distributions of $.37 per share is comprised of distributions from net investment income of $.078 and distributions from net realized gain of $.290 per share.</R>

Prospectus

Fidelity Advisor Freedom 2050 Fund - Class C

<R>Years ended March 31,	2011	2010	2009	2008	2007 ^G</R>
<R>Selected Per-Share Data					</R>
<R>Net asset value, beginning of period	$ 8.61	$ 5.63	$ 10.25	$ 11.00	$ 10.00</R>
<R>Income from Investment Operations					</R>
<R>Net investment income (loss) ^E	.04	.05	.10	.07	.06</R>
<R>Net realized and unrealized gain (loss)	1.34	3.05	(4.35)	(.59)	1.06</R>
<R>Total from investment operations	1.38	3.10	(4.25)	(.52)	1.12</R>
<R>Distributions from net investment income	(.05)	(.05)	(.08)	(.07)	(.06)</R>
<R>Distributions from net realized gain	(.07)	(.07)	(.29)	(.16)	(.06)</R>
<R>Total distributions	(.12)	(.12)	(.37)^I	(.23)	(.12)</R>
<R>Net asset value, end of period	$ 9.87	$ 8.61	$ 5.63	$ 10.25	$ 11.00</R>
<R>Total Return^B,C,D	16.16%	55.15%	(42.74)%	(4.99)%	11.25%</R>
<R>Ratios to Average Net Assets^F,H					</R>
<R>Expenses before reductions	1.00%	1.00%	1.00%	1.00%	1.00% ^A</R>
<R>Expenses net of fee waivers, if any	1.00%	1.00%	1.00%	1.00%	1.00% ^A</R>
<R>Expenses net of all reductions	1.00%	1.00%	1.00%	1.00%	1.00% ^A</R>
<R>Net investment income (loss)	.48%	.68%	1.29%	.64%	.70% ^A</R>
<R>Supplemental Data					</R>
<R>Net assets, end of period (000 omitted)	$ 12,014	$ 9,646	$ 5,436	$ 5,380	$ 1,507</R>
<R>Portfolio turnover rate	36%	15%	16%	25%	4% ^A</R>

<R>^A Annualized</R>

<R>^B Total returns for periods of less than one year are not annualized.</R>

<R>^C Total returns would have been lower had certain expenses not been reduced during the periods shown.</R>

<R>^D Total returns do not include the effect of the contingent deferred sales charge.</R>

<R>^E Calculated based on average shares outstanding during the period.</R>

<R>^F Amounts do not include the activity of the underlying funds.</R>

<R>^G For the period June 1, 2006 (commencement of operations) to March 31, 2007.</R>

<R>^I Total distributions of $.37 per share is comprised of distributions from net investment income of $.080 and distributions from net realized gain of $.290 per share.</R>

Prospectus

Appendix - continued

Additional Information about the Indexes

<R>Each of Fidelity Freedom Income Composite Index, Fidelity Freedom 2005 Composite Index, Fidelity Freedom 2010 Composite Index, Fidelity Freedom 2015 Composite Index, Fidelity Freedom 2020 Composite Index, and Fidelity Freedom 2025 Composite Index is a hypothetical representation of the performance of Fidelity Advisor Freedom Income Fund's, Fidelity Advisor Freedom 2005 Fund's, Fidelity Advisor Freedom 2010 Fund's, Fidelity Advisor Freedom 2015 Fund's, Fidelity Advisor Freedom 2020 Fund's, and Fidelity Advisor Freedom 2025 Fund's asset classes according to their respective weightings adjusted on the last day of every month for Fidelity Advisor Freedom 2005 Fund, Fidelity Advisor Freedom 2010 Fund, Fidelity Advisor Freedom 2015 Fund, Fidelity Advisor Freedom 2020 Fund, and Fidelity Advisor Freedom 2025 Fund, to reflect the increasingly conservative asset allocations. Prior to October 1, 2009, the following indexes were used to represent Fidelity Advisor Freedom Income Fund's, Fidelity Advisor Freedom 2005 Fund's, Fidelity Advisor Freedom 2010 Fund's, Fidelity Advisor Freedom 2015 Fund's, Fidelity Advisor Freedom 2020 Fund's, and Fidelity Advisor Freedom 2025 Fund's asset classes when calculating the composite indexes: domestic equity - the Dow Jones U.S. Total Stock Market Index^SM, international equity - the MSCI^® EAFE^® (Europe, Australasia, Far East) Index, investment grade fixed-income - the Barclays Capital U.S. Aggregate Bond Index, high yield fixed-income - The BofA Merrill Lynch^SM US High Yield Constrained Index, and short-term - the Barclays Capital U.S. 3-Month Treasury Bellwether Index. Effective October 1, 2009, the following indexes are used to represent Fidelity Advisor Freedom Income Fund's, Fidelity Advisor Freedom 2005 Fund's, Fidelity Advisor Freedom 2010 Fund's, Fidelity Advisor Freedom 2015 Fund's, Fidelity Advisor Freedom 2020 Fund's, and Fidelity Advisor Freedom 2025 Fund's asset classes when calculating the composite indexes: domestic equity - the Dow Jones U.S. Total Stock Market Index^SM, international equity - the MSCI EAFE^® Index, bond - the Barclays Capital U.S. Aggregate Bond Index, and short-term - the Barclays Capital U.S. 3-Month Treasury Bellwether Index.</R>

Each of Fidelity Freedom 2030 Composite Index, Fidelity Freedom 2035 Composite Index, Fidelity Freedom 2040 Composite Index, Fidelity Freedom 2045 Composite Index, and Fidelity Freedom 2050 Composite Index is a hypothetical representation of the performance of Fidelity Advisor Freedom 2030 Fund's, Fidelity Advisor Freedom 2035 Fund's, Fidelity Advisor Freedom 2040 Fund's, Fidelity Advisor Freedom 2045 Fund's, and Fidelity Advisor Freedom 2050 Fund's asset classes according to their respective weightings adjusted on the last day of every month for Fidelity Advisor Freedom 2030 Fund, Fidelity Advisor Freedom 2035 Fund, Fidelity Advisor Freedom 2040 Fund, Fidelity Advisor Freedom 2045 Fund, and Fidelity Advisor Freedom 2050 Fund, to reflect the increasingly conservative asset allocations. Prior to October 1, 2009, the following indexes were used to represent Fidelity Advisor Freedom 2030 Fund's, Fidelity Advisor Freedom 2035 Fund's, Fidelity Advisor Freedom 2040 Fund's, Fidelity Advisor Freedom 2045 Fund's, and Fidelity Advisor Freedom 2050 Fund's asset classes when calculating the composite indexes: domestic equity - the Dow Jones U.S. Total Stock Market Index, international equity - the MSCI EAFE Index, investment grade fixed-income - the Barclays Capital U.S. Aggregate Bond Index, and high yield fixed-income - The BofA Merrill Lynch^SM US High Yield Constrained Index. Effective October 1, 2009, the following indexes are used to represent Fidelity Advisor Freedom 2030 Fund's, Fidelity Advisor Freedom 2035 Fund's, Fidelity Advisor Freedom 2040 Fund's, Fidelity Advisor Freedom 2045 Fund's, and Fidelity Advisor Freedom 2050 Fund's asset classes when calculating the composite indexes: domestic equity - the Dow Jones U.S. Total Stock Market Index, international equity - the MSCI EAFE Index, and bond - the Barclays Capital U.S. Aggregate Bond Index.

Barclays Capital U.S. 3-Month Treasury Bellwether Index is a market value-weighted index of investment-grade fixed-rate public obligations of the U.S. Treasury with maturities of 3 months. It excludes zero coupon strips.

Barclays Capital U.S. Aggregate Bond Index is a market value-weighted index of taxable investment-grade fixed-rate debt issues, including government, corporate, asset-backed, and mortgage-backed securities, with maturities of one year or more. The index is designed to represent the performance of the U.S. investment-grade fixed-rate bond market.

Dow Jones U.S. Total Stock Market Index is a float-adjusted market capitalization-weighted index of substantially all equity securities of U.S. headquartered companies with readily available price data.

MSCI EAFE Index is a market capitalization-weighted index that is designed to measure the investable equity market performance for global investors of developed markets, excluding the United States and Canada. Index returns are adjusted for tax withholding rates applicable to U.S. based mutual funds organized as Massachusetts business trusts.

S&P 500 Index is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.

The BofA Merrill Lynch US High Yield Constrained Index is a modified market capitalization-weighted index of US dollar denominated below investment grade corporate debt publicly issued in the US domestic market. Qualifying securities must have a below investment grade rating (based on an average of Moody's, S&P and Fitch) and an investment grade rated country of risk. In addition, qualifying securities must have at least one year remaining to final maturity, a fixed coupon schedule and at least $100 million in outstanding face value. Defaulted securities are excluded. The index contains all securities of The BofA Merrill Lynch US High Yield Index but caps issuer exposure at 2%.

Prospectus

Notes

IMPORTANT INFORMATION ABOUT OPENING A NEW ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT ACT), requires all financial institutions to obtain, verify, and record information that identifies each person or entity that opens an account.

For individual investors opening an account: When you open an account, you will be asked for your name, address, date of birth, and other information that will allow Fidelity to identify you. You may also be asked to provide documents that may help to establish your identity, such as your driver's license.

For investors other than individuals: When you open an account, you will be asked for the name of the entity, its principal place of business and taxpayer identification number (TIN) and may be requested to provide information on persons with authority or control over the account such as name, residential address, date of birth and social security number. You may also be asked to provide documents, such as drivers' licenses, articles of incorporation, trust instruments or partnership agreements and other information that will help Fidelity identify the entity.

You can obtain additional information about the funds. A description of each fund's policies and procedures for disclosing its holdings is available in the funds' SAI and on Fidelity's web sites. The SAI also includes more detailed information about each fund and its investments. The SAI is incorporated herein by reference (legally forms a part of the prospectus). For Fidelity Advisor Freedom 2055 Fund, financial reports will be available once the fund has completed its first annual or semi-annual period. Each fund's annual and semi-annual reports also include additional information. Each fund's annual report includes a discussion of the fund's holdings and recent market conditions and the fund's investment strategies that affected performance.

For a free copy of any of these documents or to request other information or ask questions about a fund, call Fidelity at 1-877-208-0098. In addition, you may visit Fidelity's web site at www.advisor.fidelity.com for a free copy of a prospectus, SAI, or annual or semi-annual report or to request other information.

The SAI, the funds' annual and semi-annual reports and other related materials are available from the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) Database on the SEC's web site (http://www.sec.gov). You can obtain copies of this information, after paying a duplicating fee, by sending a request by e-mail to publicinfo@sec.gov or by writing the Public Reference Section of the SEC, Washington, D.C. 20549-1520. You can also review and copy information about the funds, including the funds' SAI, at the SEC's Public Reference Room in Washington, D.C. Call 1-202-551-8090 for information on the operation of the SEC's Public Reference Room.

Investment Company Act of 1940, File Number, 811-06440

FDC is a member of the Securities Investor Protection Corporation (SIPC). You may obtain information about SIPC, including the SIPC brochure, by visiting www.sipc.org or calling SIPC at 202-371-8300.

<R>Fidelity Advisor Freedom Funds, 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, Fidelity Investments & Pyramid Design, Fidelity, Fidelity Advisor, Directed Dividends, and Fidelity Advisor Money Line are registered service marks of FMR LLC.</R>

Fidelity Advisor Freedom is a service mark of FMR LLC.

Geode is a registered service mark of Geode Capital Management, LLC.

The third party marks appearing above are the marks of their respective owners.

Fidelity Advisor Freedom Funds^®

Fidelity Advisor Freedom Income Fund^®
Class/Ticker
Institutional/FIAFX
Fidelity Advisor Freedom 2005 Fund^®
Class/Ticker
Institutional/FFIVX
Fidelity Advisor Freedom 2010 Fund^®
Class/Ticker
Institutional/FCIFX
Fidelity Advisor Freedom 2015 Fund^®
Class/Ticker
Institutional/FFVIX
Fidelity Advisor Freedom 2020 Fund^®
Class/Ticker
Institutional/FDIFX
Fidelity Advisor Freedom 2025 Fund^®
Class/Ticker
Institutional/FITWX
Fidelity Advisor Freedom 2030 Fund^®
Class/Ticker
Institutional/FEFIX
Fidelity Advisor Freedom 2035 Fund^®
Class/Ticker
Institutional/FITHX
Fidelity Advisor Freedom 2040 Fund^®
Class/Ticker
Institutional/FIFFX
Fidelity Advisor Freedom 2045 Fund^®
Class/Ticker
Institutional/FFFIX
Fidelity Advisor Freedom 2050 Fund^®
Class/Ticker
Institutional/FFFPX
<R>Fidelity Advisor Freedom^SM 2055 Fund</R>
<R>Class/Ticker</R>
<R>Institutional/FHFIX</R>

Prospectus

fid1603201

Fund Summary	<Click Here>	Fidelity Advisor Freedom Income Fund^®
	<Click Here>	Fidelity Advisor Freedom 2005 Fund^®
	<Click Here>	Fidelity Advisor Freedom 2010 Fund^®
	<Click Here>	Fidelity Advisor Freedom 2015 Fund^®
	<Click Here>	Fidelity Advisor Freedom 2020 Fund^®
	<Click Here>	Fidelity Advisor Freedom 2025 Fund^®
	<Click Here>	Fidelity Advisor Freedom 2030 Fund^®
	<Click Here>	Fidelity Advisor Freedom 2035 Fund^®
	<Click Here>	Fidelity Advisor Freedom 2040 Fund^®
	<Click Here>	Fidelity Advisor Freedom 2045 Fund^®
	<Click Here>	Fidelity Advisor Freedom 2050 Fund^®
<R>	<Click Here>	Fidelity Advisor Freedom^SM 2055 Fund</R>
Fund Basics	<Click Here>	Investment Details
	<Click Here>	Valuing Shares
Shareholder Information	<Click Here>	Additional Information about the Purchase and Sale of Shares
	<Click Here>	Exchanging Shares
	<Click Here>	Account Features and Policies
	<Click Here>	Dividends and Capital Gain Distributions
	<Click Here>	Tax Consequences
Fund Services	<Click Here>	Fund Management
	<Click Here>	Fund Distribution
Appendix	<Click Here>	Financial Highlights
	<Click Here>	Additional Information about the Indexes

Prospectus

Fund Summary

Fund/Class:
Fidelity Advisor Freedom Income Fund^®/Institutional

Investment Objective

The fund seeks high total return with a secondary objective of principal preservation.

Fee Table

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

Shareholder fees
(fees paid directly from your investment)

None

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

<R>Management fee	None</R>
<R>Distribution and/or Service (12b-1) fees	None</R>
<R>Other expenses	0.00%</R>
<R>Acquired fund fees and expenses	0.49%</R>
<R>Total annual operating expenses^A	0.49%</R>

^ADiffers from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses.

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

<R>1 year	$ 50</R>
<R>3 years	$ 157</R>
<R>5 years	$ 274</R>
<R>10 years	$ 616</R>

Portfolio Turnover

Principal Investment Strategies

Investing in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds using a moderate asset allocation strategy designed for investors already in retirement.
Allocating assets among underlying Fidelity funds according to a stable target asset allocation of approximately:

Principal Investment Risks

Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.
<R>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.</R>

Prospectus

<R>Interest Rate Changes. Interest rate increases can cause the price of a debt or money market security to decrease.</R>
<R>Foreign Exposure. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market.</R>
<R>Industry Exposure. Market conditions, interest rates, and economic, regulatory, or financial developments could significantly affect a single industry or group of related industries.</R>
<R>Prepayment. The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.</R>
<R>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease. Lower-quality debt securities (those of less than investment-grade quality) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</R>
<R>Leverage Risk. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.</R>
<R>"Growth" Investing. "Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.</R>
<R>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</R>
<R>Inflation-Protected Debt Exposure. Increases in real interest rates can cause the price of inflation-protected debt securities to decrease. Interest payments on inflation-protected debt securities can be unpredictable.</R>
<R>Quantitative Investing. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends.</R>
<R>Small Cap Investing. The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.</R>
<R>Commodity-Linked Investing. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures and their value may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments.</R>

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

<R>Performance</R>

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

Year-by-Year Returns

<R>Calendar Years				2004	2005	2006	2007	2008	2009	2010</R>
<R>				3.77%	3.15%	6.39%	5.75%	-13.49%	18.23%	7.84%</R>

<R>During the periods shown in the chart:	Returns	Quarter ended</R>
<R>Highest Quarter Return	8.51%	June 30, 2009</R>
<R>Lowest Quarter Return	-7.86%	December 31, 2008</R>
<R>Year-to-Date Return	1.86%	March 31, 2011</R>

Prospectus

Fund Summary - continued

Average Annual Returns

<R>For the periods ended December 31, 2010	Past 1 year	Past 5 years	Life of class^A</R>
<R>Institutional Class			</R>
<R>Return Before Taxes	7.84%	4.41%	4.36%</R>
<R>Return After Taxes on Distributions	6.99%	3.17%	3.26%</R>
<R>Return After Taxes on Distributions and Sale of Fund Shares	5.16%	3.09%	3.13%</R>
<R>Barclays Capital^® U.S. Aggregate Bond Index (reflects no deduction for fees, expenses, or taxes)	6.54%	5.80%	5.07%</R>
<R>Fidelity^® Freedom Income Composite Index (reflects no deduction for fees, expenses, or taxes)	6.16%	4.16%	4.44%</R>

<R>^AFrom July 24, 2003.</R>

Investment Adviser

Strategic Advisers, Inc. (Strategic Advisers), an affiliate of Fidelity Management & Research Company (FMR), is the fund's manager.

Portfolio Manager(s)

Christopher Sharpe (co-manager) has managed the fund since September 2007.

Jonathan Shelon (co-manager) has managed the fund since July 2003.

Purchase and Sale of Shares

Institutional Class eligibility requirements are listed in the Additional Information about the Purchase and Sale of Shares section of the prospectus.

You may buy or sell Institutional Class shares of the fund through a retirement account or through an investment professional. You may buy or sell shares in various ways:

Internet www.advisor.fidelity.com
Phone To reach a Fidelity representative 1-877-208-0098
Mail
Fidelity Investments P.O. Box 770002 Cincinnati, OH 45277-0081	Overnight Express: Fidelity Investments 100 Crosby Parkway Covington, KY 41015

The price to buy one share of Institutional Class is its net asset value per share (NAV). Your shares will be bought at the NAV next calculated after your order is received in proper form.

The price to sell one share of Institutional Class is its NAV. Your shares will be sold at the NAV next calculated after your order is received in proper form.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

Initial Purchase Minimum	$2,500
For Fidelity Advisor^® Traditional IRA, Roth IRA, Rollover IRA, Simplified Employee Pension-IRA, and Keogh accounts	$500
Through a regular investment plan established at the time the fund position is opened	$100

The fund may waive or lower purchase minimums in other circumstances.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Prospectus

Fund Summary

Fund/Class:
Fidelity Advisor Freedom 2005 Fund^®/Institutional

Investment Objective

The fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.

Fee Table

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

Shareholder fees
(fees paid directly from your investment)

None

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

<R>Management fee	None</R>
<R>Distribution and/or Service (12b-1) fees	None</R>
<R>Other expenses	0.00%</R>
<R>Acquired fund fees and expenses	0.60%</R>
<R>Total annual operating expenses^A	0.60%</R>

<R>^ADiffers from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses.</R>

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

<R>1 year	$ 61</R>
<R>3 years	$ 192</R>
<R>5 years	$ 335</R>
<R>10 years	$ 750</R>

Portfolio Turnover

Principal Investment Strategies

Investing in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds using a moderate asset allocation strategy designed for investors expected to have retired around the year 2005.
Allocating assets among underlying Fidelity funds according to an asset allocation strategy that becomes increasingly conservative until it reaches approximately 15% in domestic equity funds, 5% in international equity funds, 40% in bond funds, and 40% in short-term funds (approximately 10 to 15 years after the year 2005).
Using an asset allocation among underlying Fidelity funds as of March 31, 2011, of approximately:

Principal Investment Risks

Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.

Prospectus

<R>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.</R>
<R>Interest Rate Changes. Interest rate increases can cause the price of a debt or money market security to decrease.</R>
<R>Foreign Exposure. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.</R>
<R>Industry Exposure. Market conditions, interest rates, and economic, regulatory, or financial developments could significantly affect a single industry or group of related industries.</R>
<R>Prepayment. The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.</R>
<R>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease. Lower-quality debt securities (those of less than investment-grade quality) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</R>
<R>Leverage Risk. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.</R>
<R>"Growth" Investing. "Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.</R>
<R>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</R>
<R>Inflation-Protected Debt Exposure. Increases in real interest rates can cause the price of inflation-protected debt securities to decrease. Interest payments on inflation-protected debt securities can be unpredictable.</R>
<R>Quantitative Investing. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends.</R>
<R>Small Cap Investing. The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.</R>
<R>Commodity-Linked Investing. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures and their value may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments.</R>

Performance

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

Prospectus

Fund Summary - continued

Year-by-Year Returns

<R>Calendar Years				2004	2005	2006	2007	2008	2009	2010</R>
<R>				6.47%	5.24%	9.44%	7.44%	-25.43%	24.57%	11.19%</R>

<R>During the periods shown in the chart:	Returns	Quarter ended</R>
<R>Highest Quarter Return	13.15%	June 30, 2009</R>
<R>Lowest Quarter Return	-13.88%	December 31, 2008</R>
<R>Year-to-Date Return	2.95%	March 31, 2011</R>

Average Annual Returns

<R>For the periods ended December 31, 2010	Past 1 year	Past 5 years	Life of class^A</R>
<R>Institutional Class			</R>
<R>Return Before Taxes	11.19%	3.96%	4.88%</R>
<R>Return After Taxes on Distributions	10.35%	2.92%	3.93%</R>
<R>Return After Taxes on Distributions and Sale of Fund Shares	7.35%	2.87%	3.72%</R>
<R>Barclays Capital^® U.S. Aggregate Bond Index (reflects no deduction for fees, expenses, or taxes)	6.54%	5.80%	5.25%</R>
<R>Fidelity^® Freedom 2005 Composite Index (reflects no deduction for fees, expenses, or taxes)	9.45%	4.10%	5.19%</R>

<R>^AFrom November 6, 2003.</R>

Investment Adviser

Strategic Advisers, Inc. (Strategic Advisers), an affiliate of Fidelity Management & Research Company (FMR), is the fund's manager.

Portfolio Manager(s)

Christopher Sharpe (co-manager) has managed the fund since September 2007.

Jonathan Shelon (co-manager) has managed the fund since November 2003.

Purchase and Sale of Shares

Institutional Class eligibility requirements are listed in the Additional Information about the Purchase and Sale of Shares section of the prospectus.

You may buy or sell Institutional Class shares of the fund through a retirement account or through an investment professional. You may buy or sell shares in various ways:

Internet www.advisor.fidelity.com
Phone To reach a Fidelity representative 1-877-208-0098
Mail
Fidelity Investments P.O. Box 770002 Cincinnati, OH 45277-0081	Overnight Express: Fidelity Investments 100 Crosby Parkway Covington, KY 41015

The price to buy one share of Institutional Class is its net asset value per share (NAV). Your shares will be bought at the NAV next calculated after your order is received in proper form.

Prospectus

The price to sell one share of Institutional Class is its NAV. Your shares will be sold at the NAV next calculated after your order is received in proper form.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

Initial Purchase Minimum	$2,500
For Fidelity Advisor^® Traditional IRA, Roth IRA, Rollover IRA, Simplified Employee Pension-IRA, and Keogh accounts	$500
Through a regular investment plan established at the time the fund position is opened	$100

The fund may waive or lower purchase minimums in other circumstances.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Prospectus

Fund Summary

Fund/Class:
Fidelity Advisor Freedom 2010 Fund^®/Institutional

Investment Objective

The fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.

Fee Table

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

Shareholder fees
(fees paid directly from your investment)

None

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

<R>Management fee	None</R>
<R>Distribution and/or Service (12b-1) fees	None</R>
<R>Other expenses	0.00%</R>
<R>Acquired fund fees and expenses	0.64%</R>
<R>Total annual operating expenses^A	0.64%</R>

<R>^ADiffers from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses.</R>

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

<R>1 year	$ 65</R>
<R>3 years	$ 205</R>
<R>5 years	$ 357</R>
<R>10 years	$ 798</R>

Portfolio Turnover

Principal Investment Strategies

Investing in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds using a moderate asset allocation strategy designed for investors expecting to retire around the year 2010.
Allocating assets among underlying Fidelity funds according to an asset allocation strategy that becomes increasingly conservative until it reaches approximately 15% in domestic equity funds, 5% in international equity funds, 40% in bond funds, and 40% in short-term funds (approximately 10 to 15 years after the year 2010).
Using an asset allocation among underlying Fidelity funds as of March 31, 2011, of approximately:

Principal Investment Risks

Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.

Prospectus

Fund Summary - continued

<R>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.</R>
<R>Interest Rate Changes. Interest rate increases can cause the price of a debt or money market security to decrease.</R>
<R>Foreign Exposure. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.</R>
<R>Prepayment. The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.</R>
<R>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease. Lower-quality debt securities (those of less than investment-grade quality) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</R>
<R>Leverage Risk. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.</R>
<R>"Growth" Investing. "Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.</R>
<R>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</R>
<R>Inflation-Protected Debt Exposure. Increases in real interest rates can cause the price of inflation-protected debt securities to decrease. Interest payments on inflation-protected debt securities can be unpredictable.</R>
<R>Quantitative Investing. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends.</R>
<R>Small Cap Investing. The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.</R>
<R>Commodity-Linked Investing. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures and their value may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments.</R>

Performance

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

Prospectus

Year-by-Year Returns

<R>Calendar Years				2004	2005	2006	2007	2008	2009	2010</R>
<R>				6.63%	5.25%	9.55%	7.63%	-26.41%	25.83%	12.53%</R>

<R>During the periods shown in the chart:	Returns	Quarter ended</R>
<R>Highest Quarter Return	13.89%	June 30, 2009</R>
<R>Lowest Quarter Return	-14.48%	December 31, 2008</R>
<R>Year-to-Date Return	3.28%	March 31, 2011</R>

Average Annual Returns

<R>For the periods ended December 31, 2010	Past 1 year	Past 5 years	Life of class^A</R>
<R>Institutional Class			</R>
<R>Return Before Taxes	12.53%	4.21%	5.44%</R>
<R>Return After Taxes on Distributions	11.63%	3.08%	4.47%</R>
<R>Return After Taxes on Distributions and Sale of Fund Shares	8.24%	3.04%	4.21%</R>
<R>Barclays Capital^® U.S. Aggregate Bond Index (reflects no deduction for fees, expenses, or taxes)	6.54%	5.80%	5.07%</R>
<R>Fidelity^® Freedom 2010 Composite Index (reflects no deduction for fees, expenses, or taxes)	10.70%	4.36%	5.86%</R>

<R>^AFrom July 24, 2003.</R>

Investment Adviser

Strategic Advisers, Inc. (Strategic Advisers), an affiliate of Fidelity Management & Research Company (FMR), is the fund's manager.

Portfolio Manager(s)

Christopher Sharpe (co-manager) has managed the fund since September 2007.

Jonathan Shelon (co-manager) has managed the fund since July 2003.

Purchase and Sale of Shares

Institutional Class eligibility requirements are listed in the Additional Information about the Purchase and Sale of Shares section of the prospectus.

You may buy or sell Institutional Class shares of the fund through a retirement account or through an investment professional. You may buy or sell shares in various ways:

Internet www.advisor.fidelity.com
Phone To reach a Fidelity representative 1-877-208-0098
Mail
Fidelity Investments P.O. Box 770002 Cincinnati, OH 45277-0081	Overnight Express: Fidelity Investments 100 Crosby Parkway Covington, KY 41015

The price to buy one share of Institutional Class is its net asset value per share (NAV). Your shares will be bought at the NAV next calculated after your order is received in proper form.

Prospectus

Fund Summary - continued

The price to sell one share of Institutional Class is its NAV. Your shares will be sold at the NAV next calculated after your order is received in proper form.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

Initial Purchase Minimum	$2,500
For Fidelity Advisor^® Traditional IRA, Roth IRA, Rollover IRA, Simplified Employee Pension-IRA, and Keogh accounts	$500
Through a regular investment plan established at the time the fund position is opened	$100

The fund may waive or lower purchase minimums in other circumstances.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Prospectus

Fund Summary

Fund/Class:
Fidelity Advisor Freedom 2015 Fund^®/Institutional

Investment Objective

The fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.

Fee Table

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

Shareholder fees
(fees paid directly from your investment)

None

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

<R>Management fee	None</R>
<R>Distribution and/or Service (12b-1) fees	None</R>
<R>Other expenses	0.00%</R>
<R>Acquired fund fees and expenses	0.64%</R>
<R>Total annual operating expenses^A	0.64%</R>

<R>^ADiffers from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses.</R>

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

<R>1 year	$ 65</R>
<R>3 years	$ 205</R>
<R>5 years	$ 357</R>
<R>10 years	$ 798</R>

Portfolio Turnover

Principal Investment Strategies

Investing in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds using a moderate asset allocation strategy designed for investors expecting to retire around the year 2015.
Allocating assets among underlying Fidelity funds according to an asset allocation strategy that becomes increasingly conservative until it reaches approximately 15% in domestic equity funds, 5% in international equity funds, 40% in bond funds, and 40% in short-term funds (approximately 10 to 15 years after the year 2015).
Using an asset allocation among underlying Fidelity funds as of March 31, 2011, of approximately:

Principal Investment Risks

Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.

Prospectus

<R>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.</R>
<R>Interest Rate Changes. Interest rate increases can cause the price of a debt or money market security to decrease.</R>
<R>Foreign Exposure. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.</R>
<R>Prepayment. The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.</R>
<R>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease. Lower-quality debt securities (those of less than investment-grade quality) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</R>
<R>Leverage Risk. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.</R>
<R>"Growth" Investing. "Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.</R>
<R>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</R>
<R>Inflation-Protected Debt Exposure. Increases in real interest rates can cause the price of inflation-protected debt securities to decrease. Interest payments on inflation-protected debt securities can be unpredictable.</R>
<R>Quantitative Investing. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends.</R>
<R>Small Cap Investing. The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.</R>
<R>Commodity-Linked Investing. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures and their value may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments.</R>

Performance

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

Prospectus

Fund Summary - continued

Year-by-Year Returns

<R>Calendar Years				2004	2005	2006	2007	2008	2009	2010</R>
<R>				7.78%	6.34%	10.72%	8.02%	-28.21%	26.65%	12.62%</R>

<R>During the periods shown in the chart:	Returns	Quarter ended</R>
<R>Highest Quarter Return	14.58%	June 30, 2009</R>
<R>Lowest Quarter Return	-15.40%	December 31, 2008</R>
<R>Year-to-Date Return	3.38%	March 31, 2011</R>

Average Annual Returns

<R>For the periods ended December 31, 2010	Past 1 year	Past 5 years	Life of class^A</R>
<R>Institutional Class			</R>
<R>Return Before Taxes	12.62%	4.14%	5.44%</R>
<R>Return After Taxes on Distributions	11.74%	3.07%	4.52%</R>
<R>Return After Taxes on Distributions and Sale of Fund Shares	8.30%	3.03%	4.25%</R>
<R>S&P 500^® Index (reflects no deduction for fees, expenses, or taxes)	15.06%	2.29%	4.53%</R>
<R>Fidelity^® Freedom 2015 Composite Index (reflects no deduction for fees, expenses, or taxes)	10.87%	4.35%	5.81%</R>

<R>^AFrom November 6, 2003.</R>

Investment Adviser

Strategic Advisers, Inc. (Strategic Advisers), an affiliate of Fidelity Management & Research Company (FMR), is the fund's manager.

Portfolio Manager(s)

Christopher Sharpe (co-manager) has managed the fund since September 2007.

Jonathan Shelon (co-manager) has managed the fund since November 2003.

Purchase and Sale of Shares

Institutional Class eligibility requirements are listed in the Additional Information about the Purchase and Sale of Shares section of the prospectus.

You may buy or sell Institutional Class shares of the fund through a retirement account or through an investment professional. You may buy or sell shares in various ways:

Internet www.advisor.fidelity.com
Phone To reach a Fidelity representative 1-877-208-0098
Mail
Fidelity Investments P.O. Box 770002 Cincinnati, OH 45277-0081	Overnight Express: Fidelity Investments 100 Crosby Parkway Covington, KY 41015

The price to buy one share of Institutional Class is its net asset value per share (NAV). Your shares will be bought at the NAV next calculated after your order is received in proper form.

Prospectus

The price to sell one share of Institutional Class is its NAV. Your shares will be sold at the NAV next calculated after your order is received in proper form.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

Initial Purchase Minimum	$2,500
For Fidelity Advisor^® Traditional IRA, Roth IRA, Rollover IRA, Simplified Employee Pension-IRA, and Keogh accounts	$500
Through a regular investment plan established at the time the fund position is opened	$100

The fund may waive or lower purchase minimums in other circumstances.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Prospectus

Fund Summary

Fund/Class:
Fidelity Advisor Freedom 2020 Fund^®/Institutional

Investment Objective

The fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.

Fee Table

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

Shareholder fees
(fees paid directly from your investment)

None

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

<R>Management fee	None</R>
<R>Distribution and/or Service (12b-1) fees	None</R>
<R>Other expenses	0.00%</R>
<R>Acquired fund fees and expenses	0.70%</R>
<R>Total annual operating expenses^A	0.70%</R>

<R>^ADiffers from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses.</R>

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

<R>1 year	$ 72</R>
<R>3 years	$ 224</R>
<R>5 years	$ 390</R>
<R>10 years	$ 871</R>

Portfolio Turnover

Principal Investment Strategies

Investing in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds using a moderate asset allocation strategy designed for investors expecting to retire around the year 2020.
Allocating assets among underlying Fidelity funds according to an asset allocation strategy that becomes increasingly conservative until it reaches approximately 15% in domestic equity funds, 5% in international equity funds, 40% in bond funds, and 40% in short-term funds (approximately 10 to 15 years after the year 2020).
Using an asset allocation among underlying Fidelity funds as of March 31, 2011, of approximately:

Principal Investment Risks

Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.

Prospectus

Fund Summary - continued

<R>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.</R>
<R>Interest Rate Changes. Interest rate increases can cause the price of a debt or money market security to decrease.</R>
<R>Foreign Exposure. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.</R>
<R>Prepayment. The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.</R>
<R>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease. Lower-quality debt securities (those of less than investment-grade quality) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</R>
<R>Leverage Risk. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.</R>
<R>"Growth" Investing. "Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.</R>
<R>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</R>
<R>Inflation-Protected Debt Exposure. Increases in real interest rates can cause the price of inflation-protected debt securities to decrease. Interest payments on inflation-protected debt securities can be unpredictable.</R>
<R>Quantitative Investing. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends.</R>
<R>Small Cap Investing. The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.</R>
<R>Commodity-Linked Investing. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures and their value may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments.</R>

Performance

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

Prospectus

Year-by-Year Returns

<R>Calendar Years				2004	2005	2006	2007	2008	2009	2010</R>
<R>				8.72%	6.90%	11.90%	8.63%	-33.58%	29.82%	13.95%</R>

<R>During the periods shown in the chart:	Returns	Quarter ended</R>
<R>Highest Quarter Return	16.77%	June 30, 2009</R>
<R>Lowest Quarter Return	-18.61%	December 31, 2008</R>
<R>Year-to-Date Return	3.90%	March 31, 2011</R>

Average Annual Returns

<R>After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.</R>

<R>For the periods ended December 31, 2010	Past 1 year	Past 5 years	Life of class^A</R>
<R>Institutional Class			</R>
<R>Return Before Taxes	13.95%	3.62%	6.02%</R>
<R>Return After Taxes on Distributions	13.07%	2.59%	5.13%</R>
<R>Return After Taxes on Distributions and Sale of Fund Shares	9.18%	2.65%	4.82%</R>
<R>S&P 500^® Index (reflects no deduction for fees, expenses, or taxes)	15.06%	2.29%	5.48%</R>
<R>Fidelity^® Freedom 2020 Composite Index (reflects no deduction for fees, expenses, or taxes)	12.08%	4.04%	6.67%</R>

<R>^AFrom July 24, 2003.</R>

Investment Adviser

Strategic Advisers, Inc. (Strategic Advisers), an affiliate of Fidelity Management & Research Company (FMR), is the fund's manager.

Portfolio Manager(s)

Christopher Sharpe (co-manager) has managed the fund since September 2007.

Jonathan Shelon (co-manager) has managed the fund since July 2003.

Purchase and Sale of Shares

Institutional Class eligibility requirements are listed in the Additional Information about the Purchase and Sale of Shares section of the prospectus.

You may buy or sell Institutional Class shares of the fund through a retirement account or through an investment professional. You may buy or sell shares in various ways:

Internet www.advisor.fidelity.com
Phone To reach a Fidelity representative 1-877-208-0098
Mail
Fidelity Investments P.O. Box 770002 Cincinnati, OH 45277-0081	Overnight Express: Fidelity Investments 100 Crosby Parkway Covington, KY 41015

The price to buy one share of Institutional Class is its net asset value per share (NAV). Your shares will be bought at the NAV next calculated after your order is received in proper form.

Prospectus

Fund Summary - continued

The price to sell one share of Institutional Class is its NAV. Your shares will be sold at the NAV next calculated after your order is received in proper form.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

Initial Purchase Minimum	$2,500
For Fidelity Advisor^® Traditional IRA, Roth IRA, Rollover IRA, Simplified Employee Pension-IRA, and Keogh accounts	$500
Through a regular investment plan established at the time the fund position is opened	$100

The fund may waive or lower purchase minimums in other circumstances.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Prospectus

Fund Summary

Fund/Class:
Fidelity Advisor Freedom 2025 Fund^®/Institutional

Investment Objective

The fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.

Fee Table

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

Shareholder fees
(fees paid directly from your investment)

None

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

<R>Management fee	None</R>
<R>Distribution and/or Service (12b-1) fees	None</R>
<R>Other expenses	0.00%</R>
<R>Acquired fund fees and expenses	0.74%</R>
<R>Total annual operating expenses^A	0.74%</R>

<R>^ADiffers from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses.</R>

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

<R>1 year	$ 76</R>
<R>3 years	$ 237</R>
<R>5 years	$ 411</R>
<R>10 years	$ 918</R>

Portfolio Turnover

Principal Investment Strategies

Investing in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds using a moderate asset allocation strategy designed for investors expecting to retire around the year 2025.
Allocating assets among underlying Fidelity funds according to an asset allocation strategy that becomes increasingly conservative until it reaches approximately 15% in domestic equity funds, 5% in international equity funds, 40% in bond funds, and 40% in short-term funds (approximately 10 to 15 years after the year 2025).
Using an asset allocation among underlying Fidelity funds as of March 31, 2011, of approximately:

Principal Investment Risks

Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.

Prospectus

<R>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.</R>
<R>Interest Rate Changes. Interest rate increases can cause the price of a debt or money market security to decrease.</R>
<R>Foreign Exposure. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.</R>
<R>Prepayment. The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.</R>
<R>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease. Lower-quality debt securities (those of less than investment-grade quality) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</R>
<R>Leverage Risk. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.</R>
<R>"Growth" Investing. "Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.</R>
<R>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</R>
<R>Quantitative Investing. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends.</R>
<R>Small Cap Investing. The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.</R>
<R>Commodity-Linked Investing. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures and their value may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments.</R>

Performance

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

Prospectus

Fund Summary - continued

Year-by-Year Returns

<R>Calendar Years				2004	2005	2006	2007	2008	2009	2010</R>
<R>				9.08%	7.17%	12.33%	8.75%	-35.18%	31.04%	15.06%</R>

<R>During the periods shown in the chart:	Returns	Quarter ended</R>
<R>Highest Quarter Return	17.48%	June 30, 2009</R>
<R>Lowest Quarter Return	-19.63%	December 31, 2008</R>
<R>Year-to-Date Return	4.28%	March 31, 2011</R>

Average Annual Returns

After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.

<R>For the periods ended December 31, 2010	Past 1 year	Past 5 years	Life of class^A</R>
<R>Institutional Class			</R>
<R>Return Before Taxes	15.06%	3.61%	5.47%</R>
<R>Return After Taxes on Distributions	14.21%	2.65%	4.65%</R>
<R>Return After Taxes on Distributions and Sale of Fund Shares	9.92%	2.68%	4.38%</R>
<R>S&P 500^® Index (reflects no deduction for fees, expenses, or taxes)	15.06%	2.29%	4.53%</R>
<R>Fidelity^® Freedom 2025 Composite Index (reflects no deduction for fees, expenses, or taxes)	13.09%	4.15%	6.15%</R>

<R>^AFrom November 6, 2003.</R>

Investment Adviser

Strategic Advisers, Inc. (Strategic Advisers), an affiliate of Fidelity Management & Research Company (FMR), is the fund's manager.

Portfolio Manager(s)

Christopher Sharpe (co-manager) has managed the fund since September 2007.

Jonathan Shelon (co-manager) has managed the fund since November 2003.

Purchase and Sale of Shares

Institutional Class eligibility requirements are listed in the Additional Information about the Purchase and Sale of Shares section of the prospectus.

You may buy or sell Institutional Class shares of the fund through a retirement account or through an investment professional. You may buy or sell shares in various ways:

Internet www.advisor.fidelity.com
Phone To reach a Fidelity representative 1-877-208-0098
Mail
Fidelity Investments P.O. Box 770002 Cincinnati, OH 45277-0081	Overnight Express: Fidelity Investments 100 Crosby Parkway Covington, KY 41015

The price to buy one share of Institutional Class is its net asset value per share (NAV). Your shares will be bought at the NAV next calculated after your order is received in proper form.

Prospectus

The price to sell one share of Institutional Class is its NAV. Your shares will be sold at the NAV next calculated after your order is received in proper form.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

Initial Purchase Minimum	$2,500
For Fidelity Advisor^® Traditional IRA, Roth IRA, Rollover IRA, Simplified Employee Pension-IRA, and Keogh accounts	$500
Through a regular investment plan established at the time the fund position is opened	$100

The fund may waive or lower purchase minimums in other circumstances.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Prospectus

Fund Summary

Fund/Class:
Fidelity Advisor Freedom 2030 Fund^®/Institutional

Investment Objective

The fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.

Fee Table

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

Shareholder fees
(fees paid directly from your investment)

None

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

<R>Management fee	None</R>
<R>Distribution and/or Service (12b-1) fees	None</R>
<R>Other expenses	0.00%</R>
<R>Acquired fund fees and expenses	0.76%</R>
<R>Total annual operating expenses^A	0.76%</R>

<R>^ADiffers from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses.</R>

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

<R>1 year	$ 78</R>
<R>3 years	$ 243</R>
<R>5 years	$ 422</R>
<R>10 years	$ 942</R>

Portfolio Turnover

Principal Investment Strategies

Investing in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds using a moderate asset allocation strategy designed for investors expecting to retire around the year 2030.
Allocating assets among underlying Fidelity funds according to an asset allocation strategy that becomes increasingly conservative until it reaches approximately 15% in domestic equity funds, 5% in international equity funds, 40% in bond funds, and 40% in short-term funds (approximately 10 to 15 years after the year 2030).
Using an asset allocation among underlying Fidelity funds as of March 31, 2011, of approximately:

Principal Investment Risks

Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.

Prospectus

Fund Summary - continued

<R>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.</R>
<R>Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.</R>
<R>Foreign Exposure. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.</R>
<R>Prepayment. The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.</R>
<R>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease. Lower-quality debt securities (those of less than investment-grade quality) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</R>
<R>Leverage Risk. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.</R>
<R>"Growth" Investing. "Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.</R>
<R>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</R>
<R>Quantitative Investing. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends.</R>
<R>Small Cap Investing. The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.</R>
<R>Commodity-Linked Investing. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures and their value may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments.</R>

Performance

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

Prospectus

Year-by-Year Returns

<R>Calendar Years				2004	2005	2006	2007	2008	2009	2010</R>
<R>				9.36%	7.89%	13.40%	9.24%	-38.73%	31.85%	15.36%</R>

<R>During the periods shown in the chart:	Returns	Quarter ended</R>
<R>Highest Quarter Return	18.59%	June 30, 2009</R>
<R>Lowest Quarter Return	-21.64%	December 31, 2008</R>
<R>Year-to-Date Return	4.42%	March 31, 2011</R>

Average Annual Returns

<R>For the periods ended December 31, 2010	Past 1 year	Past 5 years	Life of class^A</R>
<R>Institutional Class			</R>
<R>Return Before Taxes	15.36%	2.92%	5.98%</R>
<R>Return After Taxes on Distributions	14.52%	2.02%	5.22%</R>
<R>Return After Taxes on Distributions and Sale of Fund Shares	10.12%	2.16%	4.90%</R>
<R>S&P 500^® Index (reflects no deduction for fees, expenses, or taxes)	15.06%	2.29%	5.48%</R>
<R>Fidelity^® Freedom 2030 Composite Index (reflects no deduction for fees, expenses, or taxes)	13.35%	3.52%	6.79%</R>

<R>^AFrom July 24, 2003.</R>

Investment Adviser

Strategic Advisers, Inc. (Strategic Advisers), an affiliate of Fidelity Management & Research Company (FMR), is the fund's manager.

Portfolio Manager(s)

Christopher Sharpe (co-manager) has managed the fund since September 2007.

Jonathan Shelon (co-manager) has managed the fund since July 2003.

Purchase and Sale of Shares

Institutional Class eligibility requirements are listed in the Additional Information about the Purchase and Sale of Shares section of the prospectus.

You may buy or sell Institutional Class shares of the fund through a retirement account or through an investment professional. You may buy or sell shares in various ways:

Internet www.advisor.fidelity.com
Phone To reach a Fidelity representative 1-877-208-0098
Mail
Fidelity Investments P.O. Box 770002 Cincinnati, OH 45277-0081	Overnight Express: Fidelity Investments 100 Crosby Parkway Covington, KY 41015

The price to buy one share of Institutional Class is its net asset value per share (NAV). Your shares will be bought at the NAV next calculated after your order is received in proper form.

Prospectus

Fund Summary - continued

The price to sell one share of Institutional Class is its NAV. Your shares will be sold at the NAV next calculated after your order is received in proper form.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

Initial Purchase Minimum	$2,500
For Fidelity Advisor^® Traditional IRA, Roth IRA, Rollover IRA, Simplified Employee Pension-IRA, and Keogh accounts	$500
Through a regular investment plan established at the time the fund position is opened	$100

The fund may waive or lower purchase minimums in other circumstances.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Prospectus

Fund Summary

Fund/Class:
Fidelity Advisor Freedom 2035 Fund^®/Institutional

Investment Objective

The fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.

Fee Table

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

Shareholder fees
(fees paid directly from your investment)

None

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

<R>Management fee	None</R>
<R>Distribution and/or Service (12b-1) fees	None</R>
<R>Other expenses	0.00%</R>
<R>Acquired fund fees and expenses	0.79%</R>
<R>Total annual operating expenses^A	0.79%</R>

<R>^ADiffers from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses.</R>

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

<R>1 year	$ 81</R>
<R>3 years	$ 252</R>
<R>5 years	$ 439</R>
<R>10 years	$ 978</R>

Portfolio Turnover

Principal Investment Strategies

Investing in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds using a moderate asset allocation strategy designed for investors expecting to retire around the year 2035.
Allocating assets among underlying Fidelity funds according to an asset allocation strategy that becomes increasingly conservative until it reaches approximately 15% in domestic equity funds, 5% in international equity funds, 40% in bond funds, and 40% in short-term funds (approximately 10 to 15 years after the year 2035).
Using an asset allocation among underlying Fidelity funds as of March 31, 2011, of approximately:

Principal Investment Risks

Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.

Prospectus

<R>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.</R>
<R>Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.</R>
<R>Foreign Exposure. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.</R>
<R>Prepayment. The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.</R>
<R>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease. Lower-quality debt securities (those of less than investment-grade quality) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</R>
<R>Leverage Risk. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.</R>
<R>"Growth" Investing. "Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.</R>
<R>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</R>
<R>Quantitative Investing. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends.</R>
<R>Small Cap Investing. The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.</R>
<R>Commodity-Linked Investing. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures and their value may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments.</R>

Performance

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

Year-by-Year Returns

<R>Calendar Years				2004	2005	2006	2007	2008	2009	2010</R>
<R>				10.01%	7.96%	13.51%	9.25%	-39.40%	32.38%	16.04%</R>

<R>During the periods shown in the chart:	Returns	Quarter ended</R>
<R>Highest Quarter Return	19.03%	June 30, 2009</R>
<R>Lowest Quarter Return	-22.13%	December 31, 2008</R>
<R>Year-to-Date Return	4.82%	March 31, 2011</R>

Prospectus

Fund Summary - continued

Average Annual Returns

<R>For the periods ended December 31, 2010	Past 1 year	Past 5 years	Life of class^A</R>
<R>Institutional Class			</R>
<R>Return Before Taxes	16.04%	2.91%	5.26%</R>
<R>Return After Taxes on Distributions	15.28%	2.09%	4.53%</R>
<R>Return After Taxes on Distributions and Sale of Fund Shares	10.58%	2.19%	4.27%</R>
<R>S&P 500^® Index (reflects no deduction for fees, expenses, or taxes)	15.06%	2.29%	4.53%</R>
<R>Fidelity^® Freedom 2035 Composite Index (reflects no deduction for fees, expenses, or taxes)	14.10%	3.62%	6.06%</R>

<R>^AFrom November 6, 2003.</R>

Investment Adviser

Strategic Advisers, Inc. (Strategic Advisers), an affiliate of Fidelity Management & Research Company (FMR), is the fund's manager.

Portfolio Manager(s)

Christopher Sharpe (co-manager) has managed the fund since September 2007.

Jonathan Shelon (co-manager) has managed the fund since November 2003.

Purchase and Sale of Shares

Institutional Class eligibility requirements are listed in the Additional Information about the Purchase and Sale of Shares section of the prospectus.

You may buy or sell Institutional Class shares of the fund through a retirement account or through an investment professional. You may buy or sell shares in various ways:

Internet www.advisor.fidelity.com
Phone To reach a Fidelity representative 1-877-208-0098
Mail
Fidelity Investments P.O. Box 770002 Cincinnati, OH 45277-0081	Overnight Express: Fidelity Investments 100 Crosby Parkway Covington, KY 41015

The price to buy one share of Institutional Class is its net asset value per share (NAV). Your shares will be bought at the NAV next calculated after your order is received in proper form.

The price to sell one share of Institutional Class is its NAV. Your shares will be sold at the NAV next calculated after your order is received in proper form.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

Initial Purchase Minimum	$2,500
For Fidelity Advisor^® Traditional IRA, Roth IRA, Rollover IRA, Simplified Employee Pension-IRA, and Keogh accounts	$500
Through a regular investment plan established at the time the fund position is opened	$100

The fund may waive or lower purchase minimums in other circumstances.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Prospectus

Fund Summary

Fund/Class:
Fidelity Advisor Freedom 2040 Fund^®/Institutional

Investment Objective

The fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.

Fee Table

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

Shareholder fees
(fees paid directly from your investment)

None

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

<R>Management fee	None</R>
<R>Distribution and/or Service (12b-1) fees	None</R>
<R>Other expenses	0.00%</R>
<R>Acquired fund fees and expenses	0.80%</R>
<R>Total annual operating expenses^A	0.80%</R>

<R>^ADiffers from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses.</R>

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

<R>1 year	$ 82</R>
<R>3 years	$ 255</R>
<R>5 years	$ 444</R>
<R>10 years	$ 990</R>

Portfolio Turnover

Principal Investment Strategies

Investing in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds using a moderate asset allocation strategy designed for investors expecting to retire around the year 2040.
Allocating assets among underlying Fidelity funds according to an asset allocation strategy that becomes increasingly conservative until it reaches approximately 15% in domestic equity funds, 5% in international equity funds, 40% in bond funds, and 40% in short-term funds (approximately 10 to 15 years after the year 2040).
Using an asset allocation among underlying Fidelity funds as of March 31, 2011, of approximately:

Principal Investment Risks

Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.

Prospectus

<R>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.</R>
<R>Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.</R>
<R>Foreign Exposure. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.</R>
<R>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. Lower-quality debt securities (those of less than investment-grade quality) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</R>
<R>"Growth" Investing. "Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.</R>
<R>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</R>
<R>Quantitative Investing. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends.</R>
<R>Small Cap Investing. The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.</R>
<R>Commodity-Linked Investing. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures and their value may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments.</R>

Performance

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

Year-by-Year Returns

<R>Calendar Years				2004	2005	2006	2007	2008	2009	2010</R>
<R>				10.25%	8.06%	14.05%	9.35%	-40.66%	33.30%	16.27%</R>

<R>During the periods shown in the chart:	Returns	Quarter ended</R>
<R>Highest Quarter Return	19.74%	June 30, 2009</R>
<R>Lowest Quarter Return	-22.94%	December 31, 2008</R>
<R>Year-to-Date Return	4.75%	March 31, 2011</R>

Average Annual Returns

Prospectus

Fund Summary - continued

<R>For the periods ended December 31, 2010	Past 1 year	Past 5 years	Life of class^A</R>
<R>Institutional Class			</R>
<R>Return Before Taxes	16.27%	2.78%	6.20%</R>
<R>Return After Taxes on Distributions	15.50%	1.91%	5.46%</R>
<R>Return After Taxes on Distributions and Sale of Fund Shares	10.73%	2.08%	5.12%</R>
<R>S&P 500^® Index (reflects no deduction for fees, expenses, or taxes)	15.06%	2.29%	5.48%</R>
<R>Fidelity^® Freedom 2040 Composite Index (reflects no deduction for fees, expenses, or taxes)	14.15%	3.47%	7.07%</R>

<R>^AFrom July 24, 2003.</R>

Investment Adviser

Strategic Advisers, Inc. (Strategic Advisers), an affiliate of Fidelity Management & Research Company (FMR), is the fund's manager.

Portfolio Manager(s)

Christopher Sharpe (co-manager) has managed the fund since September 2007.

Jonathan Shelon (co-manager) has managed the fund since July 2003.

Purchase and Sale of Shares

Institutional Class eligibility requirements are listed in the Additional Information about the Purchase and Sale of Shares section of the prospectus.

You may buy or sell Institutional Class shares of the fund through a retirement account or through an investment professional. You may buy or sell shares in various ways:

Internet www.advisor.fidelity.com
Phone To reach a Fidelity representative 1-877-208-0098
Mail
Fidelity Investments P.O. Box 770002 Cincinnati, OH 45277-0081	Overnight Express: Fidelity Investments 100 Crosby Parkway Covington, KY 41015

The price to buy one share of Institutional Class is its net asset value per share (NAV). Your shares will be bought at the NAV next calculated after your order is received in proper form.

The price to sell one share of Institutional Class is its NAV. Your shares will be sold at the NAV next calculated after your order is received in proper form.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

Initial Purchase Minimum	$2,500
For Fidelity Advisor^® Traditional IRA, Roth IRA, Rollover IRA, Simplified Employee Pension-IRA, and Keogh accounts	$500
Through a regular investment plan established at the time the fund position is opened	$100

The fund may waive or lower purchase minimums in other circumstances.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Prospectus

Fund Summary

Fund/Class:
Fidelity Advisor Freedom 2045 Fund^®/Institutional

Investment Objective

The fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.

Fee Table

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

Shareholder fees
(fees paid directly from your investment)

None

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

<R>Management fee	None</R>
<R>Distribution and/or Service (12b-1) fees	None</R>
<R>Other expenses	0.00%</R>
<R>Acquired fund fees and expenses	0.80%</R>
<R>Total annual operating expenses^A	0.80%</R>

<R>^ADiffers from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses.</R>

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

<R>1 year	$ 82</R>
<R>3 years	$ 255</R>
<R>5 years	$ 444</R>
<R>10 years	$ 990</R>

Portfolio Turnover

Principal Investment Strategies

Investing in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds using a moderate asset allocation strategy designed for investors expecting to retire around the year 2045.
Allocating assets among underlying Fidelity funds according to an asset allocation strategy that becomes increasingly conservative until it reaches approximately 15% in domestic equity funds, 5% in international equity funds, 40% in bond funds, and 40% in short-term funds (approximately 10 to 15 years after the year 2045).
Using an asset allocation among underlying Fidelity funds as of March 31, 2011, of approximately:

Principal Investment Risks

Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.

Prospectus

<R>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.</R>
<R>Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.</R>
<R>Foreign Exposure. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.</R>
<R>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. Lower-quality debt securities (those of less than investment-grade quality) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</R>
<R>"Growth" Investing. "Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.</R>
<R>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</R>
<R>Quantitative Investing. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends.</R>
<R>Small Cap Investing. The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.</R>
<R>Commodity-Linked Investing. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures and their value may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments.</R>

Performance

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

Year-by-Year Returns

<R>Calendar Years							2007	2008	2009	2010</R>
<R>							9.75%	-41.27%	33.61%	16.43%</R>

<R>During the periods shown in the chart:	Returns	Quarter ended</R>
<R>Highest Quarter Return	19.90%	June 30, 2009</R>
<R>Lowest Quarter Return	-23.39%	December 31, 2008</R>
<R>Year-to-Date Return	4.88%	March 31, 2011</R>

Average Annual Returns

Prospectus

Fund Summary - continued

<R>For the periods ended December 31, 2010	Past 1 year	Life of class^A</R>
<R>Institutional Class		</R>
<R>Return Before Taxes	16.43%	2.03%</R>
<R>Return After Taxes on Distributions	15.70%	1.36%</R>
<R>Return After Taxes on Distributions and Sale of Fund Shares	10.84%	1.47%</R>
<R>S&P 500^® Index (reflects no deduction for fees, expenses, or taxes)	15.06%	1.66%</R>
<R>Fidelity^® Freedom 2045 Composite Index (reflects no deduction for fees, expenses, or taxes)	14.29%	2.71%</R>

<R>^AFrom June 1, 2006.</R>

Investment Adviser

Strategic Advisers, Inc. (Strategic Advisers), an affiliate of Fidelity Management & Research Company (FMR), is the fund's manager.

Portfolio Manager(s)

Christopher Sharpe (co-manager) has managed the fund since September 2007.

Jonathan Shelon (co-manager) has managed the fund since June 2006.

Purchase and Sale of Shares

Institutional Class eligibility requirements are listed in the Additional Information about the Purchase and Sale of Shares section of the prospectus.

You may buy or sell Institutional Class shares of the fund through a retirement account or through an investment professional. You may buy or sell shares in various ways:

Internet www.advisor.fidelity.com
Phone To reach a Fidelity representative 1-877-208-0098
Mail
Fidelity Investments P.O. Box 770002 Cincinnati, OH 45277-0081	Overnight Express: Fidelity Investments 100 Crosby Parkway Covington, KY 41015

The price to buy one share of Institutional Class is its net asset value per share (NAV). Your shares will be bought at the NAV next calculated after your order is received in proper form.

The price to sell one share of Institutional Class is its NAV. Your shares will be sold at the NAV next calculated after your order is received in proper form.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

Initial Purchase Minimum	$2,500
For Fidelity Advisor^® Traditional IRA, Roth IRA, Rollover IRA, Simplified Employee Pension-IRA, and Keogh accounts	$500
Through a regular investment plan established at the time the fund position is opened	$100

The fund may waive or lower purchase minimums in other circumstances.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Prospectus

Fund Summary

Fund/Class:
Fidelity Advisor Freedom 2050 Fund^®/Institutional

Investment Objective

The fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.

Fee Table

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

Shareholder fees
(fees paid directly from your investment)

None

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

<R>Management fee	None</R>
<R>Distribution and/or Service (12b-1) fees	None</R>
<R>Other expenses	0.00%</R>
<R>Acquired fund fees and expenses	0.82%</R>
<R>Total annual operating expenses^A	0.82%</R>

<R>^ADiffers from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses.</R>

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

<R>1 year	$ 84</R>
<R>3 years	$ 262</R>
<R>5 years	$ 455</R>
<R>10 years	$ 1,014</R>

Portfolio Turnover

Principal Investment Strategies

Investing in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds using a moderate asset allocation strategy designed for investors expecting to retire around the year 2050.
Allocating assets among underlying Fidelity funds according to an asset allocation strategy that becomes increasingly conservative until it reaches approximately 15% in domestic equity funds, 5% in international equity funds, 40% in bond funds, and 40% in short-term funds (approximately 10 to 15 years after the year 2050).
Using an asset allocation among underlying Fidelity funds as of March 31, 2011, of approximately:

Principal Investment Risks

Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.

Prospectus

<R>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.</R>
<R>Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.</R>
<R>Foreign Exposure. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.</R>
<R>Subsidiary Risk. Investment in an unregistered subsidiary is not subject to the investor protections of the Investment Company Act of 1940 (1940 Act) and is subject to the risks associated with investing in derivatives and commodity-linked investing in general. Changes in tax and other laws could negatively affect investments in the subsidiary.</R>
<R>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. Lower-quality debt securities (those of less than investment-grade quality) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</R>
<R>"Growth" Investing. "Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.</R>
<R>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</R>
<R>Quantitative Investing. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends.</R>
<R>Small Cap Investing. The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.</R>
<R>Commodity-Linked Investing. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures and their value may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments.</R>

Performance

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

Year-by-Year Returns

<R>Calendar Years							2007	2008	2009	2010</R>
<R>							9.78%	-42.25%	34.22%	16.62%</R>

<R>During the periods shown in the chart:	Returns	Quarter ended</R>
<R>Highest Quarter Return	21.19%	June 30, 2009</R>
<R>Lowest Quarter Return	-23.97%	December 31, 2008</R>
<R>Year-to-Date Return	5.06%	March 31, 2011</R>

Prospectus

Fund Summary - continued

Average Annual Returns

<R>For the periods ended December 31, 2010	Past 1 year	Life of class^A</R>
<R>Institutional Class		</R>
<R>Return Before Taxes	16.62%	1.83%</R>
<R>Return After Taxes on Distributions	15.92%	1.16%</R>
<R>Return After Taxes on Distributions and Sale of Fund Shares	10.97%	1.32%</R>
<R>S&P 500^® Index (reflects no deduction for fees, expenses, or taxes)	15.06%	1.66%</R>
<R>Fidelity^® Freedom 2050 Composite Index (reflects no deduction for fees, expenses, or taxes)	14.46%	2.43%</R>

<R>^AFrom June 1, 2006.</R>

Investment Adviser

Strategic Advisers, Inc. (Strategic Advisers), an affiliate of Fidelity Management & Research Company (FMR), is the fund's manager.

Portfolio Manager(s)

Christopher Sharpe (co-manager) has managed the fund since September 2007.

Jonathan Shelon (co-manager) has managed the fund since June 2006.

Purchase and Sale of Shares

Institutional Class eligibility requirements are listed in the Additional Information about the Purchase and Sale of Shares section of the prospectus.

You may buy or sell Institutional Class shares of the fund through a retirement account or through an investment professional. You may buy or sell shares in various ways:

Internet www.advisor.fidelity.com
Phone To reach a Fidelity representative 1-877-208-0098
Mail
Fidelity Investments P.O. Box 770002 Cincinnati, OH 45277-0081	Overnight Express: Fidelity Investments 100 Crosby Parkway Covington, KY 41015

The price to buy one share of Institutional Class is its net asset value per share (NAV). Your shares will be bought at the NAV next calculated after your order is received in proper form.

The price to sell one share of Institutional Class is its NAV. Your shares will be sold at the NAV next calculated after your order is received in proper form.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

Initial Purchase Minimum	$2,500
For Fidelity Advisor^® Traditional IRA, Roth IRA, Rollover IRA, Simplified Employee Pension-IRA, and Keogh accounts	$500
Through a regular investment plan established at the time the fund position is opened	$100

The fund may waive or lower purchase minimums in other circumstances.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Prospectus

Fund Summary

Fund/Class:
Fidelity Advisor Freedom^SM 2055 Fund/Institutional

Investment Objective

The fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.

Fee Table

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

Shareholder fees
(fees paid directly from your investment)

None

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

Management fee	None
Distribution and/or Service (12b-1) fees	None
Other expenses^A	0.00%
Acquired fund fees and expenses^A	0.82%
Total annual operating expenses	0.82%

^ABased on estimated amounts for the current fiscal year.

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

1 year	$ 84
3 years	$ 262

Portfolio Turnover

Principal Investment Strategies

Investing in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds using a moderate asset allocation strategy designed for investors expecting to retire around the year 2055.
Allocating assets among underlying Fidelity funds according to an asset allocation strategy that becomes increasingly conservative until it reaches approximately 15% in domestic equity funds, 5% in international equity funds, 40% in bond funds, and 40% in short-term funds (approximately 10 to 15 years after the year 2055).
Using a target allocation as of the fund's inception of approximately:

Principal Investment Risks

Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.
Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.
Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.

Prospectus

Foreign Exposure. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.
Subsidiary Risk. Investment in an unregistered subsidiary is not subject to the investor protections of the Investment Company Act of 1940 (1940 Act) and is subject to the risks associated with investing in derivatives and commodity-linked investing in general. Changes in tax and other laws could negatively affect investments in the subsidiary.
<R>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. Lower-quality debt securities (those of less than investment-grade quality) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments and can be difficult to resell.</R>
"Growth" Investing. "Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.
"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.
Quantitative Investing. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends.
Small Cap Investing. The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.
Commodity-Linked Investing. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures and their value may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments.

Performance

Performance history will be available for the fund after the fund has been in operation for one calendar year.

Investment Adviser

Strategic Advisers, Inc. (Strategic Advisers), an affiliate of Fidelity Management & Research Company (FMR), is the fund's manager.

Portfolio Manager(s)

Christopher Sharpe (co-manager) and Jonathan Shelon (co-manager) have managed the fund since June 2011.

Purchase and Sale of Shares

Institutional Class eligibility requirements are listed in the Additional Information about the Purchase and Sale of Shares section of the prospectus.

You may buy or sell Institutional Class shares of the fund through a retirement account or through an investment professional. You may buy or sell shares in various ways:

Internet www.advisor.fidelity.com
Phone To reach a Fidelity representative 1-877-208-0098
Mail
Fidelity Investments P.O. Box 770002 Cincinnati, OH 45277-0081	Overnight Express: Fidelity Investments 100 Crosby Parkway Covington, KY 41015

The price to buy one share of Institutional Class is its net asset value per share (NAV). Your shares will be bought at the NAV next calculated after your order is received in proper form.

The price to sell one share of Institutional Class is its NAV. Your shares will be sold at the NAV next calculated after your order is received in proper form.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

Initial Purchase Minimum	$2,500
For Fidelity Advisor^® Traditional IRA, Roth IRA, Rollover IRA, Simplified Employee Pension-IRA, and Keogh accounts	$500
Through a regular investment plan established at the time the fund position is opened	$100

The fund may waive or lower purchase minimums in other circumstances.

Tax Information

Prospectus

Fund Summary - continued

Payments to Broker-Dealers and Other Financial Intermediaries

Prospectus

Fund Basics

Investment Details

Investment Objective

Fidelity Advisor Freedom Income Fund seeks high total return with a secondary objective of principal preservation.

Principal Investment Strategies

Retirement Year	Fund
Retired before 2003	Fidelity Advisor Freedom Income Fund
2003 - 2007	Fidelity Advisor Freedom 2005 Fund
2008 - 2012	Fidelity Advisor Freedom 2010 Fund
2013 - 2017	Fidelity Advisor Freedom 2015 Fund
2018 - 2022	Fidelity Advisor Freedom 2020 Fund
2023 - 2027	Fidelity Advisor Freedom 2025 Fund
2028 - 2032	Fidelity Advisor Freedom 2030 Fund
2033 - 2037	Fidelity Advisor Freedom 2035 Fund
2038 - 2042	Fidelity Advisor Freedom 2040 Fund
2043 - 2047	Fidelity Advisor Freedom 2045 Fund
2048 - 2052	Fidelity Advisor Freedom 2050 Fund
2053 - 2057	Fidelity Advisor Freedom 2055 Fund

Prospectus

Fund Basics - continued

<R>Fund Categories	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	Fidelity Advisor Freedom 2055 Fund</R>
<R>DOMESTIC EQUITY FUNDS Domestic Equity Funds												</R>
<R>Fidelity Advisor^® Equity Growth Fund	1.4%	2.6%	3.2%	3.2%	3.8%	4.4%	4.6%	5.2%	5.3%	5.4%	5.6%	5.6%</R>
<R>Fidelity Advisor Growth & Income Fund	1.9%	3.7%	4.4%	4.5%	5.3%	6.1%	6.5%	7.3%	7.3%	7.5%	7.8%	7.9%</R>
<R>Fidelity Advisor Large Cap Fund	1.9%	3.6%	4.3%	4.5%	5.2%	6.1%	6.4%	7.2%	7.3%	7.4%	7.8%	7.8%</R>
<R>Fidelity Advisor Small Cap Fund	0.7%	1.4%	1.6%	1.7%	2.0%	2.3%	2.4%	2.7%	2.7%	2.8%	2.9%	2.8%</R>
<R>Fidelity^® Series 100 Index Fund	1.6%	3.2%	3.8%	3.9%	4.5%	5.2%	5.6%	6.2%	6.3%	6.4%	6.7%	6.7%</R>
<R>Fidelity Series All-Sector Equity Fund	2.7%	5.3%	6.3%	6.4%	7.6%	8.8%	9.3%	10.4%	10.5%	10.7%	11.2%	11.2%</R>
<R>Fidelity Series Large Cap Value Fund	2.7%	5.3%	6.4%	6.5%	7.7%	8.8%	9.4%	10.5%	10.6%	10.9%	11.3%	11.2%</R>
<R>Fidelity Series Small Cap Opportunities Fund	0.7%	1.3%	1.6%	1.6%	1.9%	2.2%	2.3%	2.6%	2.7%	2.7%	2.8%	2.8%</R>
<R>Commodity Fund												</R>
<R>Fidelity Series Commodity Strategy Fund	0.8%	3.6%	4.4%	4.5%	5.6%	6.8%	7.4%	8.7%	8.8%	9.2%	9.9%	9.9%</R>
<R>INTERNATIONAL EQUITY FUNDS Developed International Equity Funds												</R>
<R>Fidelity Advisor Diversified International Fund	0.8%	1.5%	1.8%	1.9%	2.2%	2.6%	2.7%	3.0%	3.1%	3.2%	3.3%	2.4%</R>
<R>Fidelity Advisor Overseas Fund	0.7%	1.5%	1.8%	1.9%	2.2%	2.5%	2.7%	3.0%	3.1%	3.1%	3.3%	2.4%</R>
<R>Fidelity Series International Growth Fund	1.4%	2.9%	3.5%	3.5%	4.2%	4.9%	5.1%	5.8%	5.8%	5.9%	6.2%	6.8%</R>
<R>Fidelity Series International Small Cap Fund	0.3%	0.5%	0.7%	0.7%	0.8%	0.9%	1.0%	1.1%	1.1%	1.2%	1.2%	1.5%</R>
<R>Fidelity Series International Value Fund	1.4%	2.8%	3.3%	3.4%	4.0%	4.7%	5.0%	5.6%	5.7%	5.8%	6.0%	6.8%</R>
<R>Emerging Markets Equity Fund												</R>
<R>Fidelity Series Emerging Markets Fund	0.8%	1.7%	2.0%	2.1%	2.5%	2.8%	3.0%	3.4%	3.4%	3.5%	3.6%	4.1%</R>
<R>BOND FUNDS Investment-Grade Bond Funds												</R>
<R>Fidelity Advisor Strategic Real Return Fund^A	4.4%	4.0%	4.7%	4.7%	4.2%	3.5%	3.3%	1.8%	1.4%	0.8%	0.1%	0.0%</R>
<R>Fidelity Series Investment Grade Bond Fund	20.0%	18.3%	21.0%	21.7%	19.2%	16.3%	15.6%	8.3%	6.8%	4.1%	0.9%	0.1%</R>
<R>Inflation-Protected Bond Fund												</R>
<R>Fidelity Series Inflation-Protected Bond Index Fund	10.9%	9.0%	9.5%	8.8%	6.7%	3.7%	0.4%	0.0%	0.0%	0.0%	0.0%	0.0%</R>
<R>High Yield Bond Funds												</R>
<R>Fidelity Series Emerging Markets Debt Fund^B	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.2%</R>
<R>Fidelity Series High Income Fund^B	4.9%	4.8%	4.9%	4.9%	6.3%	7.2%	7.2%	7.1%	8.0%	9.3%	9.3%	9.8%</R>
<R>SHORT-TERM FUNDS												</R>
<R>Fidelity Advisor Short Fixed-Income Fund	19.7%	10.9%	5.3%	4.7%	1.9%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%</R>
<R>Money Market Portfolio	20.2%	12.0%	5.4%	4.8%	2.1%	0.1%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%</R>
<R> Note: The allocation percentages may not add to 100% due to rounding.												</R>

<R>^AFidelity Advisor Strategic Real Return Fund is an Institutional Class of Fidelity Strategic Real Return Fund.</R>

<R>^BNew underlying fund added on or about March 14, 2011.</R>

Prospectus