0000722574-12-000158.txt : 20120402 0000722574-12-000158.hdr.sgml : 20120402 20120402080135 ACCESSION NUMBER: 0000722574-12-000158 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120402 DATE AS OF CHANGE: 20120402 EFFECTIVENESS DATE: 20120402 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY FINANCIAL TRUST CENTRAL INDEX KEY: 0000708191 IRS NUMBER: 000000000 FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-79910 FILM NUMBER: 12731210 BUSINESS ADDRESS: STREET 1: 82 DEVONSHIRE STREET CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 82 DEVONSHIRE STREET CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY FREEDOM FUND DATE OF NAME CHANGE: 19870129 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY TAX QUALIFIED EQUITY FUND DATE OF NAME CHANGE: 19830104 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY ADVISOR SERIES I CENTRAL INDEX KEY: 0000722574 IRS NUMBER: 000000000 FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-84776 FILM NUMBER: 12731208 BUSINESS ADDRESS: STREET 1: 82 DEVONSHIRE STREET CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 82 DEVONSHIRE STREET 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 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-93601 FILM NUMBER: 12731209 BUSINESS ADDRESS: STREET 1: 82 DEVONSHIRE STREET CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 82 DEVONSHIRE STREET CITY: BOSTON STATE: MA ZIP: 02109

0000708191 S000006969 Fidelity Convertible Securities Fund

C000074867 Fidelity Advisor Convertible Securities Fund: Class A FACVX

C000074868 Fidelity Advisor Convertible Securities Fund: Class B FCBVX

C000074869 Fidelity Advisor Convertible Securities Fund: Class C FCCVX

C000074870 Fidelity Advisor Convertible Securities Fund: Class T FTCVX

C000074871 Fidelity Advisor Convertible Securities Fund: Institutional Class FICVX

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 S000005114 Fidelity Advisor Stock Selector 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 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 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 Growth Strategies 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

Fund	Class A	Class T	Class B	Class C	Institutional Class
Fidelity Advisor^® Dividend Growth Fund	FADAX	FDGTX	FADBX	FDGCX	FDGIX
Fidelity Advisor Equity Growth Fund	EPGAX	FAEGX	EPGBX	EPGCX	EQPGX
Fidelity Advisor Equity Income Fund	FEIAX	FEIRX	FEIBX	FEICX	EQPIX
Fidelity Advisor Equity Value Fund	FAVAX	FAVTX	FAVBX	FAVCX	FAIVX
Fidelity Advisor Growth & Income Fund	FGIRX	FGITX	FGISX	FGIUX	FGIOX
Fidelity Advisor Growth Opportunities Fund	FAGAX	FAGOX	FABGX	FACGX	FAGCX
Fidelity Advisor Growth Strategies Fund	FGVAX	FGVTX	FGVBX	FGECX	FRVIX
Fidelity Advisor Large Cap Fund	FALAX	FALGX	FALHX	FLCCX	FALIX
Fidelity Advisor Small Cap Fund	FSCDX	FSCTX	FSCBX	FSCEX	FSCIX
Fidelity Advisor Stock Selector Mid Cap Fund (formerly Fidelity Advisor Mid Cap Fund)	FMCDX	FMCAX	FMCBX	FMCEX	FMCCX
Fidelity Advisor Strategic Growth Fund	FTQAX	FTQTX	FTQBX	FTQCX	FTQIX
Fidelity Advisor Value Strategies Fund	FSOAX	FASPX	FASBX	FVCSX	FASOX
Fidelity^® Convertible Securities Fund	FACVX	FTCVX	FCBVX	FCCVX	FICVX

Fidelity Advisor Convertible Securities Fund Class A, Class T, Class B, Class C, and Institutional Class are Classes of shares of Fidelity Convertible Securities Fund

Funds of Fidelity Advisor Series I, Fidelity Financial Trust, and Fidelity Securities Fund

STATEMENT OF ADDITIONAL INFORMATION

January 28, 2012

The following information supplements similar information found in the "Management Contracts" section beginning on page 55.

The following table provides information relating to other accounts managed by Mr. Gavin as of January 31, 2012:

	Registered Investment Companies*	Other Pooled Investment Vehicles	Other Accounts
Number of Accounts Managed	4	none	none
Number of Accounts Managed with Performance-Based Advisory Fees	2	none	none
Assets Managed (in millions)	$ 842	none	none
Assets Managed with Performance-Based Advisory Fees (in millions)	$ 560	none	none

* Includes Fidelity Advisor^® Equity Value Fund ($68 (in millions) assets managed).

As of January 31, 2012, the dollar range of shares of Fidelity Advisor Equity Value Fund beneficially owned by Mr. Gavin was none.

The following table provides information relating to other accounts managed by Mr. Kelley as of January 31, 2012:

	Registered Investment Companies*	Other Pooled Investment Vehicles	Other Accounts
Number of Accounts Managed	5	none	none
Number of Accounts Managed with Performance-Based Advisory Fees	3	none	none
Assets Managed (in millions)	$ 1,564	none	none
Assets Managed with Performance-Based Advisory Fees (in millions)	$ 1,294	none	none

* Includes assets of Fidelity Advisor Strategic Growth Fund ($35 (in millions) assets managed).

As of January 31, 2012, the dollar range of shares of Fidelity Advisor Strategic Growth Fund beneficially owned by Mr. Kelley was none.

ACOM11B-12-02 April 2, 2012
1.739097.145

The following information supplements similar information found in the "Management Contracts" section beginning on page 60.

Rayna Lesser is co-manager of Fidelity Advisor^® Stock Selector Mid Cap Fund and receives compensation for her services. As of February 29, 2012, portfolio manager compensation generally consists of a fixed base salary determined periodically (typically annually), a bonus, in certain cases, participation in several types of equity-based compensation plans, and, if applicable, relocation plan benefits. A portion of the portfolio manager's compensation may be deferred based on criteria established by FMR or at the election of the portfolio manager.

The portfolio manager's base salary is determined by level of responsibility and tenure at FMR or its affiliates. The primary components of the portfolio manager's bonus are based on the pre-tax investment performance of the portfolio manager's fund(s) and account(s) measured against a benchmark index and within a defined peer group assigned to each fund or account. The pre-tax investment performance of the portfolio manager's fund(s) and account(s) is weighted according to her tenure on those fund(s) and account(s) and the average asset size of those fund(s) and account(s) over her tenure. Each component is calculated separately over the portfolio manager's tenure on those fund(s) and account(s) over a measurement period that initially is contemporaneous with her tenure, but that eventually encompasses rolling periods of up to five years for the comparison to a benchmark index and rolling periods of up to three years for the comparison to a peer group. A smaller, subjective component of the portfolio manager's bonus is based on the portfolio manager's overall contribution to management of FMR. The portion of the portfolio manager's bonus that is linked to the investment performance of Fidelity Advisor Stock Selector Mid Cap Fund is based on the pre-tax investment performance of the fund measured against the S&P Midcap 400^® Index, and the fund's pre-tax investment performance (based on the performance of the fund's Institutional Class) within the Morningstar^® Mid-Cap Blend Category. Another component of the portfolio manager's bonus is based on the pre-tax investment performance of the portion of the fund's assets she manages measured against the S&P Midcap 400^® Information Technology Index and the S&P Midcap 400 Telecommunications Services Index. The portfolio manager also is compensated under equity-based compensation plans linked to increases or decreases in the net asset value of the stock of FMR LLC, FMR's parent company. FMR LLC is a diverse financial services company engaged in various activities that include fund management, brokerage, retirement, and employer administrative services. If requested to relocate their primary residence, portfolio managers also may be eligible to receive benefits, such as home sale assistance and payment of certain moving expenses, under relocation plans for most full-time employees of FMR LLC and its affiliates.

The portfolio manager's compensation plan may give rise to potential conflicts of interest. Although investors in the fund may invest through either tax-deferred accounts or taxable accounts, the portfolio manager's compensation is linked to the pre-tax performance of the fund, rather than its after-tax performance. The portfolio manager's base pay tends to increase with additional and more complex responsibilities that include increased assets under management and a portion of the bonus relates to marketing efforts, which together indirectly link compensation to sales. When a portfolio manager takes over a fund or an account, the time period over which performance is measured may be adjusted to provide a transition period in which to assess the portfolio. The management of multiple funds and accounts (including proprietary accounts) may give rise to potential conflicts of interest if the funds and accounts have different objectives, benchmarks, time horizons, and fees as the portfolio manager must allocate her time and investment ideas across multiple funds and accounts. In addition, a fund's trade allocation policies and procedures may give rise to conflicts of interest if the fund's orders do not get fully executed due to being aggregated with those of other accounts managed by FMR or an affiliate. The portfolio manager may execute transactions for another fund or account that may adversely impact the value of securities held by a fund. Securities selected for other funds or accounts may outperform the securities selected for the fund. Portfolio managers may be permitted to invest in the funds they manage, even if a fund is closed to new investors. Trading in personal accounts, which may give rise to potential conflicts of interest, is restricted by a fund's Code of Ethics.

The following table provides information relating to other accounts managed by Ms. Lesser as of February 29, 2012:

	Registered Investment Companies*	Other Pooled Investment Vehicles	Other Accounts
Number of Accounts Managed	4	none	none
Number of Accounts Managed with Performance-Based Advisory Fees	4	none	none
Assets Managed (in millions)	$ 1,211	none	none
Assets Managed with Performance-Based Advisory Fees (in millions)	$ 1,211	none	none

* Includes assets of Fidelity Advisor Stock Selector Mid Cap Fund managed by Ms. Lesser ($322 (in millions) assets managed with performance-based advisory fees).

As of February 29, 2012, the dollar range of shares of Fidelity Advisor Stock Selector Mid Cap Fund beneficially owned by Ms. Lesser was none.