Fidelity Advisor Leveraged Co Stk A (FLSAX)

Fund Fact Sheet 12-31-09 09-30-09 06-30-2009 03-31-2009 Prospectus Fact Sheet Explanation

Fund Summary The investment seeks capital appreciation. The fund invests at least 80% of assets in stock issued by both domestic and foreign issuers. It normally invests in common stocks of leveraged companies (companies that issue lower-quality debt and other companies with leveraged capital structures). The fund typically invests in either "growth" stocks or "value" stocks or both.

Fund Management Thomas T. Soviero, Lead Manager since 15-Jul-03
Soviero is vice president and manager of Fidelity Investments. Since joining Fidelity Investments in 1989, he has worked as a research analyst, manager and director of high yield research. Soviero holds the Chartered Financial Analyst designation.