-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JiW36Tn6lP0V1fjs6HJWP6XtRLCMxgd4KtmFjmlbczGqHr2jnLDBvnc70AO+5dk8 WilgNmgEoipvukwXfm6cUw== 0000722574-08-000248.txt : 20081208 0000722574-08-000248.hdr.sgml : 20081208 20081208161504 ACCESSION NUMBER: 0000722574-08-000248 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20081208 DATE AS OF CHANGE: 20081208 EFFECTIVENESS DATE: 20081208 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY ADVISOR SERIES I CENTRAL INDEX KEY: 0000722574 IRS NUMBER: 043335387 STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-84776 FILM NUMBER: 081236034 BUSINESS ADDRESS: STREET 1: 82 DEVONSHIRE ST CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6174391648 MAIL ADDRESS: STREET 1: 82 DEVONSHIRE STREET STREET 2: MAIL ZONE ZH1 CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY ADVISOR SERIES 1 DATE OF NAME CHANGE: 19930706 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY BROAD STREET TRUST DATE OF NAME CHANGE: 19920820 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY ADVISOR EQUITY PORTFOLIO GROWTH DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY SECURITIES FUND CENTRAL INDEX KEY: 0000754510 IRS NUMBER: 000000000 FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-93601 FILM NUMBER: 081236035 BUSINESS ADDRESS: STREET 1: 82 DEVONSHIRE ST STREET 2: MAILZONE Z1C CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6174391706 MAIL ADDRESS: STREET 1: 82 DEVONSHIRE STREET STREET 2: MAILZONE Z1C CITY: BOSTON STATE: MA ZIP: 02109 0000722574 S000005111 Fidelity Advisor Growth Opportunities Fund C000013936 Class A FAGAX C000013937 Class B FABGX C000013938 Class C FACGX C000013939 Class T FAGOX C000013940 Institutional Class FAGCX 0000722574 S000005112 Fidelity Advisor Large Cap Fund C000013941 Class A FALAX C000013942 Class B FALHX C000013943 Class C FLCCX C000013944 Class T FALGX C000013945 Institutional Class FALIX 0000722574 S000005113 Fidelity Advisor Leveraged Company Stock Fund C000013946 Class A FLSAX C000013947 Class B FLCBX C000013948 Class C FLSCX C000013949 Class T FLSTX C000013950 Institutional Class FLVIX 0000722574 S000005114 Fidelity Advisor Mid Cap Fund C000013951 Class A FMCDX C000013952 Class B FMCBX C000013953 Class C FMCEX C000013954 Class T FMCAX C000013955 Institutional Class FMCCX 0000722574 S000005115 Fidelity Advisor Small Cap Fund C000013956 Class A FSCDX C000013957 Class B FSCBX C000013958 Class C FSCEX C000013959 Class T FSCTX C000013960 Institutional Class FSCIX 0000722574 S000005116 Fidelity Advisor Strategic Growth Fund C000013961 Class A FTQAX C000013962 Class B FTQBX C000013963 Class C FTQCX C000013964 Class T FTQTX C000013965 Institutional Class FTQIX 0000722574 S000005117 Fidelity Advisor Value Strategies C000013966 Class A FSOAX C000013967 Class B FASBX C000013968 Class C FVCSX C000013969 Class T FASPX C000013970 Institutional Class FASOX 0000722574 S000005119 Fidelity Advisor Dividend Growth Fund C000013976 Class A FADAX C000013977 Class B FADBX C000013978 Class C FDGCX C000013979 Class T FDGTX C000013980 Institutional Class FDGIX 0000722574 S000005120 Fidelity Advisor Dynamic Capital Appreciation Fund C000013981 Class A FARAX C000013982 Class B FRMBX C000013983 Class C FRECX C000013984 Class T FRGTX C000013985 Institutional Class FDCIX 0000722574 S000005121 Fidelity Advisor Equity Growth Fund C000013986 Class A EPGAX C000013987 Class B EPGBX C000013988 Class C EPGCX C000013989 Class T FAEGX C000013990 Institutional Class EQPGX 0000722574 S000005122 Fidelity Advisor Equity Income Fund C000013991 Class A FEIAX C000013992 Class B FEIBX C000013993 Class C FEICX C000013994 Class T FEIRX C000013995 Institutional Class EQPIX 0000722574 S000005123 Fidelity Advisor Equity Value Fund C000013996 Class A FAVAX C000013997 Class B FAVBX C000013998 Class C FAVCX C000013999 Class T FAVTX C000014000 Institutional Class FAIVX 0000722574 S000005124 Fidelity Advisor Fifty Fund C000014001 Class A FFYAX C000014002 Class B FFYBX C000014003 Class C FFYCX C000014004 Class T FFYTX C000014005 Institutional Class FFYIX 0000722574 S000005125 Fidelity Advisor Growth & Income Fund C000014006 Class A FGIRX C000014007 Class B FGISX C000014008 Class C FGIUX C000014009 Class T FGITX C000014010 Institutional Class FGIOX 0000754510 S000007190 Advisor Agressive Growth Fund C000019674 Class A FGVAX C000019675 Class B FGVBX C000019676 Class C FGECX C000019677 Class T FGVTX C000019678 Institutional Class FRVIX 497 1 main.htm

Supplement to the

Fidelity® Advisor Aggressive Growth Fund, Fidelity Advisor Dividend Growth Fund,
Fidelity Advisor Dynamic Capital Appreciation Fund, Fidelity Advisor Equity Growth Fund,
Fidelity Advisor Equity Income Fund, Fidelity Advisor Equity Value Fund, Fidelity Advisor Fifty Fund,
Fidelity Advisor Growth & Income Fund, Fidelity Advisor Growth Opportunities Fund,
Fidelity Advisor Large Cap Fund, Fidelity Advisor Leveraged Company Stock Fund, Fidelity Advisor Mid Cap Fund,
Fidelity Advisor Small Cap Fund, Fidelity Advisor Strategic Growth Fund, and Fidelity Advisor Value Strategies Fund

Funds of Fidelity Advisor Series I and Fidelity Securities Fund

Class A, Class T, Class B, Class C, and Institutional Class

STATEMENT OF ADDITIONAL INFORMATION

January 29, 2008

<R>The following information replaces the similar information found in the "Investment Policies and Limitations" section on page 2.</R>

<R>Diversification</R>

<R>For each fund:</R>

<R>The fund may not with respect to 75% of the fund's total assets, purchase the securities of any issuer (other than securities issued or guaranteed by the U.S. Government or any of its agencies or instrumentalities, or securities of other investment companies) if, as a result, (a) more than 5% of the fund's total assets would be invested in the securities of that issuer, or (b) the fund would hold more than 10% of the outstanding voting securities of that issuer.</R>

<R>The following information has been removed from the "Investment Policies and Limitations" section found on page 3.</R>

<R>Diversification</R>

<R>For Advisor Fifty:</R>

<R>In order to qualify as a "regulated investment company" under Subchapter M of the Internal Revenue Code of 1986, as amended, the fund currently intends to comply with certain diversification limits imposed by Subchapter M.</R>

<R>For purposes of the fund's diversification limitation discussed above, Subchapter M generally requires the fund to invest no more than 25% of its total assets in securities of any one issuer and to invest at least 50% of its total assets so that (a) no more than 5% of the fund's total assets are invested in securities of any one issuer, and (b) the fund does not hold more than 10% of the outstanding voting securities of that issuer. However, Subchapter M allows unlimited investments in cash, cash items, government securities (as defined in Subchapter M) and securities of other regulated investment companies. These tax requirements are generally applied at the end of each quarter of the fund's taxable year.</R>

The following information supplements similar information found in the "Management Contracts" section beginning on page 39.

Sub-Advisers - FMR H.K. and FMR Japan. On behalf of each fund, FMR has entered into sub-advisory agreements with FMR H.K. and FMR Japan. Pursuant to the sub-advisory agreements, FMR may receive from the sub-advisers investment research and advice on issuers outside the United States (non-discretionary services) and FMR may grant the sub-advisers investment management authority and the authority to buy and sell securities if FMR believes it would be beneficial to the funds (discretionary services). FMR, and not the funds, pays the sub-advisers.

The following information replaces the similar information for Institutional Class of Advisor Dividend Growth, Advisor Equity Growth, Advisor Equity Income, Advisor Growth & Income, Advisor Large Cap, Advisor Mid Cap, and Advisor Small Cap in the "Trustees and Officers" section beginning on page 36.

Fidelity Advisor Dividend Growth Fund: Institutional Class: Fidelity Advisor Freedom 2020 Fund, Boston, MA, (12.21%); PNC Financial Services Group, Philadelphia, PA (11.94%); Fidelity Advisor Freedom 2030 Fund, Boston, MA (10.51%); Fidelity Advisor Freedom 2040 Fund, Boston, MA (8.33%); Fidelity Advisor Freedom 2025 Fund, Boston, MA (6.70%); Fidelity Advisor Freedom 2015 Fund, Boston, MA (5.55%).

Fidelity Advisor Equity Growth Fund: Institutional Class: Union Bank & Trust Company, Lincoln, NE (9.71%); Fidelity Advisor Freedom 2020 Fund, Boston, MA (6.75%); Fidelity Advisor Freedom 2030 Fund, Boston, MA (5.89%).

Fidelity Advisor Equity Income Fund: Institutional Class: Fidelity Advisor Freedom 2020 Fund, Boston, MA, (7.57%); Fidelity Advisor Freedom 2030 Fund, Boston, MA (6.65%); Fidelity Advisor Freedom 2040 Fund, Boston, MA (5.19%).

<R>ACOM11B-08-03 December 8, 2008
1.739097.129</R>

Fidelity Advisor Growth & Income Fund: Institutional Class: Fidelity Advisor Freedom 2020 Fund, Boston, MA (16.09%); Fidelity Advisor Freedom 2030 Fund, Boston, MA (14.09%); Fidelity Advisor Freedom 2040 Fund, Boston, MA (10.99%); Fidelity Advisor Freedom 2025 Fund, Boston, MA (9.02%); Fidelity Advisor Freedom 2015 Fund, Boston, MA (7.30%); Fidelity Advisor Freedom 2035 Fund, Boston, MA (6.13%); Fidelity Advisor Freedom 2010 Fund, Boston, MA (5.53%).

Fidelity Advisor Large Cap Fund: Institutional Class: Fidelity Advisor Freedom 2020 Fund, Boston, MA, (16.10%); Fidelity Advisor Freedom 2030 Fund, Boston, MA (14.10%); Fidelity Advisor Freedom 2040 Fund, Boston, MA (10.98%); Fidelity Advisor Freedom 2025 Fund, Boston, MA (9.05%); Fidelity Advisor Freedom 2015 Fund, Boston, MA (7.31%); Fidelity Advisor Freedom 2035 Fund, Boston, MA (6.14%); Fidelity Advisor Freedom 2010 Fund, Boston, MA (5.53%).

Fidelity Advisor Mid Cap Fund: Institutional Class: Principal Financial Group, Des Moines, IA (17.27%); Fidelity Advisor Freedom 2020 Fund, Boston, MA, (6.30%); Fidelity Advisor Freedom 2030 Fund, Boston, MA (5.53%); New Hampshire Higher Education Savings Plan, Concord, NH (5.36%).

Fidelity Advisor Small Cap Fund: Institutional Class: Fidelity Advisor Freedom 2020 Fund, Boston, MA, (5.67%); New Hampshire Higher Education Savings Plan, Concord, NH (5.55%); Fifth Third Bank, Cincinnati, OH (5.46%).

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