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Supplement to the
Fidelity Advisor
Asset Manager 50%
Institutional Class
September 27, 2006
Prospectus

The following information replaces the similar information found in the "Fee Table" section on page 7.

Institutional Class

1 year

$ 73

3 years

$ 227

5 years

$ 395

10 years

$ 883

AAM50I-06-01 October 25, 2006
1.837951.100