BOSTON, December 19, 2006 -- Fidelity Investments today announced that it has significantly expanded its line-up of sector funds available through financial advisors with the launch of Fidelity Advisor Consumer Staples Fund, Fidelity Advisor Gold Fund, Fidelity Advisor Materials Fund, and Fidelity Advisor Telecommunications Fund.

Class A, T, B, C and Institutional shares are available for each of the funds. With the addition of these four funds, Fidelity now offers advisors and their clients access to a family of 92 Advisor funds, including 14 sector funds or Focus Funds.

Fidelity added these funds to the Advisor Focus fund line-up as part of a previously announced restructuring of its complete line-up of Select Portfolios, Advisor Focus Funds and VIP sector funds in an effort to make it easier for investors to track the funds' performance and use them in building diversified investment portfolios. Other enhancements include the adoption of new benchmarks for most funds and, for some funds, name and investment policies changes.

"We believe that sector funds can serve two important purposes in the portfolios of advisors and investors," said Martha B. Willis, executive vice president, Fidelity Investments Institutional Services Company. "First, they can complement an already diversified portfolio by increasing exposure to certain sectors or industries at the discretion of the advisor and/or the investor. Second, if structured appropriately, they can be used on their own to build a diversified portfolio using our sector funds in conjunction with asset allocation tools."

Fidelity Advisor Consumer Staples Fund seeks capital appreciation by normally investing at least 80 percent of assets in securities of companies principally engaged in the manufacture, sale or distribution of consumer staples. The fund is managed by Robert Lee.

Fidelity Advisor Gold Fund seeks capital appreciation by normally investing at least 80 percent of assets in securities of companies principally engaged in gold-related activities, and in gold bullion or coins. The fund is managed by Daniel Dupont.

Fidelity Advisor Materials Fund seeks capital appreciation by normally investing at least 80 percent of assets in securities of companies principally engaged in the manufacture, mining, processing or distribution of raw materials and intermediate goods. The fund is managed by Jody Simes.

Fidelity Advisor Telecommunications Fund seeks capital appreciation by normally investing at least 80 percent of assets in securities of companies principally engaged in the development, manufacture or sale of communications services or communications equipment, generally emphasizing communications services companies and not communications equipment companies. The fund is managed by Brian Younger.

"With the addition of these four new funds, Fidelity now offers advisors access to one of the industry's deepest menus of sector and industry funds, which can help them more effectively meet the distinct investment needs of their clients," said Willis.

About Fidelity Investments Institutional Services Company

Fidelity Investments Institutional Services Company provides investment management services through investment professionals at financial institutions nationwide, including wirehouses, regional and independent broker/dealers, banks, trust companies and insurance companies. The company offers Fidelity Advisor Funds®, Variable Insurance Product (VIP) Portfolios, systematic investment plans, institutional money market funds and a comprehensive line of retirement products and services. Fidelity Investments Institutional Services Company's total assets under management were more than $238 billion as of October 31, 2006. For more information, advisors may visit www.advisor.fidelity.com.

About Fidelity Investments

Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of more than $2.8 trillion, including managed assets of over $1.3 trillion as of October 31, 2006. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to more than 22 million individuals and institutions as well as through 5,500 financial intermediary firms. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, one of the largest mutual fund supermarkets and a leading online brokerage firm. For more information about Fidelity Investments, visit www.fidelity.com.

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Not FDIC insured. May lose value. No bank guarantee.

Not NCUA or NCUSIF insured. May lose value. No credit union guarantee.

Interest rate increases can cause the price of a debt security to increase. Stock values fluctuate in response to the activities of individual companies and general market and economic conditions.

Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks, all of which are magnified in emerging markets.

Focus funds can be more volatile because of their narrow concentration in a specific industry.

The securities of smaller, less well-known companies can be more volatile than those of larger companies.

Diversification does not ensure a profit or guarantee against a loss.

Fidelity Investments is a registered service mark of FMR Corp. Fidelity Advisor Funds is a registered service mark of FMR Corp.

Fidelity Advisor Funds are available through investment professionals.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact your investment professional for a prospectus or visit advisor.fidelity.com for a Fidelity Advisor fund prospectus containing this information. Read it carefully before you make your investment choices.

Fidelity Investments Institutional Services Company, Inc.
82 Devonshire Street, Boston, MA 02109