New Advisor Funds Offer Advisors and Investors
More Choice When Structuring a Diversified Portfolio

BOSTON, March 11, 2009 -- Fidelity Investments today announced the launch of three new Fidelity Advisor Funds^® -- Fidelity Advisor Global Balanced Fund, Fidelity Advisor Worldwide Fund and Fidelity Advisor Convertible Securities Fund -- providing financial advisors and their clients with greater choice across asset classes and geographies. Fidelity Advisor Convertible Securities Fund is the first convertible securities fund to the Advisor Fund line-up, while Fidelity Advisor Global Balanced Fund is the first global asset-allocation fund.

Each of the new Advisor funds will offer Class A, T, B, C and Institutional shares and will help strengthen the Fidelity family of Advisor funds to meet a variety of investor needs. The funds are available to advisors at institutions such as brokerage firms, banks, and insurance companies.

"In these unprecedented times of global market volatility, the fundamentals of asset allocation remain as important as ever," said Martha B. Willis, executive vice president, Fidelity Investments Institutional Services Company, Inc. "While recent losses may be more difficult to endure than in the past given the scope and magnitude of the market decline, investors should be careful not to expect these short-term results to last forever, particularly when the history of the markets suggests otherwise. It's important to keep in mind that over longer time frames, diversification has been a valuable strategy for advisors in helping their clients reach their long-term investment goals."

Fidelity Advisor Global Balanced Fund

Fidelity Advisor Global Balanced Fund may appeal to investors who are looking for global equity and fixed-income exposure through a single investment. Co-managed by 12-year Fidelity veteran Ruben Calderon and 11-year Fidelity veteran Derek Young, the fund seeks income and capital growth consistent with reasonable risk by investing in equity and debt securities issued anywhere in the world and invests at least 25 percent of total assets in fixed-income senior securities, including debt securities and preferred stock.

Fidelity Advisor Worldwide Fund

Fidelity Advisor Worldwide Fund may appeal to investors looking for all-in-one global equity diversification. The fund seeks growth of capital by investing primarily in common stocks issued anywhere in the world and allocating investments across countries and regions considering the size of the market in each country and region relative to the international market as a whole. It is managed by 13-year Fidelity veteran William Kennedy (lead manager and responsible for non-U.S. equity) and 15-year Fidelity veteran Stephen DuFour (co-manager and responsible for U.S. equity sub-portfolio).

Fidelity Advisor Worldwide Fund will give the Fidelity Advisor product line a stronger presence in the global equity category. Global equity funds are those that have both U.S. and non-U.S. equities in their investment mandate and typically have a performance benchmark that includes both U.S. and non-U.S. securities (e.g., MSCI World Index), weighted according to market capitalization.

Fidelity Advisor Convertible Securities

Fidelity Advisor Convertible Securities may appeal to investors looking for growth potential, regular income and diversification. Managed by 19-year Fidelity veteran Tom Soviero, the fund seeks a high level of total return through a combination of current income and capital appreciation by normally investing at least 80 percent of assets in convertible securities and potentially investing in other types of securities, including common stocks.

"By investing in a range of asset classes and geographical areas, and focusing on long-term investment objectives, advisors can mitigate risks and add significant value to a client's portfolio," said Willis. "The addition of these three funds is another example of our commitment to providing advisors access to the vast investment management resources of Fidelity and to offering a broad and varied product line-up that can help advisors meet the unique investment needs of their clients."

About Fidelity Investments Institutional Services Company, Inc.

Fidelity Investments Institutional Services Company, Inc. 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, including the Fidelity Advisor 401(k). Fidelity Investments Institutional Services Company's total assets under management were $261 billion as of December 31, 2008. For more information, advisors may visit https://advisor.fidelity.com.

About Fidelity Investments

Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of over $2.5 trillion, including managed assets of over $1.2 trillion as of January 31, 2009. The company offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to 24 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, the largest mutual fund supermarket and a leading online brokerage firm. For more information about Fidelity Investments, visit Fidelity.com.

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Foreign investments, especially those in emerging markets, involve greater risk and may offer greater potential returns than U.S. investments. These risks include political and economic uncertainties of foreign countries and currency fluctuations.

Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Fixed income investments entail interest rate risk (as interest rates rise bond prices usually fall), the risk of issuer default, issuer credit risk and inflation risk. Lower-quality bonds can be more volatile and have greater risk of default than higher-quality bonds.

Trademarks and service marks appearing herein are the property of FMR LLC.

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 Brokerage Services LLC, Member NYSE, SIPC
300 Puritan Way, Marlborough, MA 01752

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