CORRESP 1 filename1.htm

VIA EDGAR

Brent Fields, Assistant Director

Office of Disclosure and Review

Division of Investment Management

Securities and Exchange Commission

100 F Street, N.E.

Washington, D.C. 20549

Re:

Fidelity Advisor Biotechnology Fund

Fidelity Government Income Fund

 

Fidelity Advisor Communications Equipment Fund

Fidelity Growth & Income Fund

 

Fidelity Advisor Consumer Discretionary Fund

Fidelity Intermediate Government Income Fund

 

Fidelity Advisor Electronics Fund

Fidelity International Real Estate Fund

 

Fidelity Advisor Energy Fund

Fidelity Leveraged Company Stock Fund

 

Fidelity Advisor Financial Services Fund

Fidelity Low Priced Stock Fund

 

Fidelity Advisor Health Care Fund

Fidelity OTC Portfolio

 

Fidelity Advisor Industrials Fund

Fidelity Real Estate Income Fund

 

Fidelity Advisor Leveraged Company Stock Fund

Fidelity Real Estate Investment Portfolio

 

Fidelity Advisor Real Estate Fund

Fidelity Series Commodity Strategy Fund

 

Fidelity Advisor Technology Fund

Fidelity Series Small Cap Opportunities Fund

 

Fidelity Advisor Utilities Fund

Fidelity Small Cap Growth Fund

 

Fidelity Blue Chip Growth Fund

Fidelity Small Cap Value Fund

 

Fidelity Blue Chip Value Fund

Fidelity Strategic Advisers Core Fund

 

Fidelity Commodity Strategy Fund

Fidelity Strategic Advisers Value Fund

 

Fidelity Dividend Growth Fund

Fidelity Ultra-Short Bond Fund

 

Fidelity GNMA Fund (formerly Fidelity Ginnie Mae Fund)

Fidelity Value Discovery Fund

 

Request pursuant to Rule 485(b)(1)(vii)

Dear Mr. Fields:

We are currently preparing the annual update filings for Fidelity Advisor Biotechnology Fund, Fidelity Advisor Communications Equipment Fund, Fidelity Advisor Consumer Discretionary Fund, Fidelity Advisor Electronics Fund, Fidelity Advisor Energy Fund, Fidelity Advisor Financial Services Fund, Fidelity Advisor Health Care Fund, Fidelity Advisor Industrials Fund, Fidelity Advisor Leveraged Company Stock Fund, Fidelity Advisor Real Estate Fund, Fidelity Advisor Technology Fund, Fidelity Advisor Utilities Fund, Fidelity Blue Chip Growth Fund, Fidelity Blue Chip Value Fund, Fidelity Commodity Strategy Fund, Fidelity Dividend Growth Fund, Fidelity GNMA Fund (formerly Fidelity Ginnie Mae Fund), Fidelity Government Income Fund, Fidelity Growth & Income Fund, Fidelity Intermediate Government Income Fund, Fidelity International Real Estate Fund, Fidelity Leveraged Company Stock Fund, Fidelity Low Priced Stock Fund, Fidelity OTC Portfolio, Fidelity Real Estate Income Fund, Fidelity Real Estate Investment Portfolio, Fidelity Series Commodity Strategy Fund, Fidelity Series Small Cap Opportunities Fund, Fidelity Small Cap Growth Fund, Fidelity Small Cap Value Fund, Fidelity Strategic Advisers Core Fund, Fidelity Strategic Advisers Value Fund, Fidelity Ultra-Short Bond Fund, and Fidelity Value Discovery Fund (the funds). Because the funds will include disclosure relating to the Enhanced Disclosure and New Prospectus Delivery Option for Registered Open-End Management Investment Companies Final Rule that is substantially the same as disclosure relating to the subject that was included in the 485(a) filings submitted to the Staff on October 16, 2009, November 16, 2009, December 15, 2009, January 15, 2010, and January 25, 2010 (see Attachment 1 for list of trusts/funds), we respectfully request permission to file the annual update filings for the funds under Rule 485(b)(1)(vii). The funds' filings contain other nonmaterial changes, including additional disclosure intended to highlight the disclosure included in the October 16, 2009, November 16, 2009, December 15, 2009, January 15, 2010, and January 25, 2010, 485(a) filings, but contain no other disclosures that would make them ineligible to file under Rule 485(b).

We would appreciate an early response to this request so that we can plan our filing schedule accordingly. Please call me at (617) 563-1375 if you have any questions or comments. Thank you for your consideration.

Identifying information for the funds for which this request is made is provided in Attachment 1.

Sincerely,

/s/ Jamie Plourde

Jamie Plourde

Senior Product Manager I

cc: Christian Sandoe

Attachment 1

Name of Trust and/or Fund(s) for which rule 485(b)(1)(vii) relief is requested:

Similar Trust/Fund(s) in which the new disclosure was previously subject to review:

Fidelity Advisor Series I:
Fidelity Advisor Leveraged Company Stock Fund

SEC File Numbers/CIK Numbers

811-03785
002-84776
0000722574

Fidelity Advisor Series I:
Fidelity Advisor Dividend Growth Fund
Fidelity Advisor Equity Growth Fund
Fidelity Advisor Equity Value Fund
Fidelity Advisor Growth & Income Fund
Fidelity Advisor Growth Opportunities Fund
Fidelity Advisor Large Cap Fund
Fidelity Advisor Strategic Growth Fund
Fidelity Advisor Value Fund
Fidelity Advisor Value Strategies Fund

SEC File Numbers/CIK Numbers
811-03785
002-84776
0000722574

485(a) filing submitted
November 16, 2009

Name of Trust and/or Fund(s) for which rule 485(b)(1)(vii) relief is requested:

Similar Trust/Fund(s) in which the new disclosure was previously subject to review:

Fidelity Advisor Series VII:
Fidelity Advisor Biotechnology Fund
Fidelity Advisor Communications Equipment Fund
Fidelity Advisor Consumer Discretionary Fund
Fidelity Advisor Electronics Fund
Fidelity Advisor Energy Fund
Fidelity Advisor Financial Services Fund
Fidelity Advisor Health Care Fund
Fidelity Advisor Industrials Fund
Fidelity Advisor Real Estate Fund
Fidelity Advisor Technology Fund
Fidelity Advisor Utilities Fund

SEC File Numbers/CIK Numbers

811-03010
002-67004
0000315700

Fidelity Advisor Series VIII:
Fidelity Advisor Diversified International Fund
Fidelity Advisor Emerging Asia Fund
Fidelity Advisor Emerging Markets Fund
Fidelity Advisor Japan Fund
Fidelity Advisor Latin America Fund
Fidelity Advisor Overseas Fund
Fidelity Advisor Value Leaders Fund

SEC File Numbers/CIK Numbers
811-03855
002-86711
0000729218

485(a) filing submitted
October 16, 2009

Name of Trust and/or Fund(s) for which rule 485(b)(1)(vii) relief is requested:

Similar Trust/Fund(s) in which the new disclosure was previously subject to review:

Fidelity Commonwealth Trust II:
Fidelity Strategic Advisers Value Fund

SEC File Numbers/CIK Numbers

811-21990
333-139428
0001364923

Fidelity Rutland Square Trust II:
Fidelity Strategic Advisers Growth Fund

SEC File Numbers/CIK Numbers
811-21991
333-139427
0001364924

485(a) filing submitted
January 25, 2010

Name of Trust and/or Fund(s) for which rule 485(b)(1)(vii) relief is requested:

Similar Trust/Fund(s) in which the new disclosure was previously subject to review:

Fidelity Devonshire Trust:
Fidelity Real Estate Investment Portfolio

SEC File Numbers/CIK Numbers

811-01352
002-24389
0000035341

Fidelity Devonshire Trust:
Fidelity Equity-Income Fund

SEC File Numbers/CIK Numbers
811-01352
002-24389
0000035341

485(a) filing submitted
January 15, 2010

Name of Trust and/or Fund(s) for which rule 485(b)(1)(vii) relief is requested:

Similar Trust/Fund(s) in which the new disclosure was previously subject to review:

Fidelity Fixed-Income Trust:
Fidelity Commodity Strategy Fund
Fidelity Series Commodity Strategy Fund

SEC File Numbers/CIK Numbers

811-02105
002-41839
0000035315

Fidelity Commonwealth Trust:
Fidelity Series 100 Index Fund

SEC File Numbers/CIK Numbers
811-02546
002-52322
0000205323

485(a) filing submitted
November 16, 2009

-------------------------

Fidelity Investment Trust:
Fidelity Global Commodity Stock Fund

SEC File Numbers/CIK Numbers
811-04008
002-90649
0000744822

485(a) filing submitted
October 16, 2009

Name of Trust and/or Fund(s) for which rule 485(b)(1)(vii) relief is requested:

Similar Trust/Fund(s) in which the new disclosure was previously subject to review:

Fidelity Income Fund:
Fidelity GNMA Fund (formerly Fidelity Ginnie Mae Fund)
Fidelity Government Income Fund
Fidelity Intermediate Government Income Fund
Fidelity Ultra-Short Bond Fund

SEC File Numbers/CIK Numbers

811-04085
002-92661
0000751199

Fidelity School Street Trust:
Fidelity Intermediate Municipal Income Fund
Fidelity Strategic Income Fund

SEC File Numbers/CIK Numbers
811-02676
002-57167
0000215829

485(a) filing submitted
December 15, 2009

Name of Trust and/or Fund(s) for which rule 485(b)(1)(vii) relief is requested:

Similar Trust/Fund(s) in which the new disclosure was previously subject to review:

Fidelity Puritan Trust:
Fidelity Low Priced Stock Fund
Fidelity Value Discovery Fund

SEC File Numbers/CIK Numbers

811-00649
002-11884
0000081205

Fidelity Capital Trust:
Fidelity Capital Appreciation Fund
Fidelity Disciplined Equity Fund
Fidelity Focused Stock Fund
Fidelity Small Cap Independence Fund
Fidelity Stock Selector
Fidelity Value Fund

SEC File Numbers/CIK Numbers
811-02841
002-61760
0000275309

485(a) filing submitted
October 16, 2009

Name of Trust and/or Fund(s) for which rule 485(b)(1)(vii) relief is requested:

Similar Trust/Fund(s) in which the new disclosure was previously subject to review:

Fidelity Rutland Square Trust II:
Fidelity Strategic Advisers Core Fund

SEC File Numbers/CIK Numbers

811-21991
333-139427
0001364924

Fidelity Rutland Square Trust II:
Fidelity Strategic Advisers Growth Fund

SEC File Numbers/CIK Numbers
811-21991
333-139427
0001364924

485(a) filing submitted
January 25, 2010

Name of Trust and/or Fund(s) for which rule 485(b)(1)(vii) relief is requested:

Similar Trust/Fund(s) in which the new disclosure was previously subject to review:

Fidelity Securities Fund:
Fidelity Blue Chip Growth Fund
Fidelity Blue Chip Value Fund
Fidelity Dividend Growth Fund
Fidelity Growth & Income Fund
Fidelity International Real Estate Fund
Fidelity Leveraged Company Stock Fund
Fidelity OTC Portfolio
Fidelity Real Estate Income Fund
Fidelity Small Cap Growth Fund
Fidelity Small Cap Value Fund
Fidelity Series Small Cap Opportunities Fund

SEC File Numbers/CIK Numbers

811-04118
002-93601
0000754510

Fidelity Mt. Vernon Street Trust:
Fidelity 130/30 Large Cap Fund
Fidelity Growth Company Fund
Fidelity Growth Strategies Fund
Fidelity New Millennium Fund

SEC File Numbers/CIK Numbers
811-03583
002-79755
0000707823

485(a) filing submitted
November 16, 2009