UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number  811-3010

Fidelity Advisor Series VII	(Exact name of registrant as specified in charter)

82 Devonshire St., Boston, Massachusetts  02109	(Address of principal executive offices)       (Zip code)

Scott C. Goebel, Secretary

82 Devonshire St.

Boston, Massachusetts  02109(Name and address of agent for service)

Registrant's telephone number, including area code:	617-563-7000

|Date of fiscal year end:  | July 31       
|------------------------- | --------------
|                          |               
|Date of reporting period: | April 30, 2009

Item 1.		Schedule of Investments



Quarterly Holdings Report

for

Fidelity®Advisor Biotechnology Fund
Class A
Class T
Class B
Class C
Institutional Class
April 30, 2009

`1.800321.105`

`AFBT-QTLY-0609`

# Investments April 30, 2009 (Unaudited)

Showing Percentage of Net Assets

|Common Stocks - 96.4%                                                                                                                                              
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                   
|BIOTECHNOLOGY - 88.3%                                                                                                                                              
|Biotechnology - 88.3%                                                                                                                                              
|Acadia Pharmaceuticals, Inc. (a)                                                                                                                                   
|Acorda Therapeutics, Inc. (a)                                                                                                                                      
|Affymax, Inc. (a)                                                                                                                                                  
|Alexion Pharmaceuticals, Inc. (a)                                                                                                                                  
|Alkermes, Inc. (a)                                                                                                                                                 
|Allos Therapeutics, Inc. (a)                                                                                                                                       
|Alnylam Pharmaceuticals, Inc. (a)                                                                                                                                  
|Amgen, Inc. (a)                                                                                                                                                    
|Anadys Pharmaceuticals, Inc. (a)                                                                                                                                   
|Antigenics, Inc. (a)                                                                                                                                               
|Antigenics, Inc.:                                                                                                                                                  
|warrants 1/9/10 (a)(e)                                                                                                                                             
|warrants 1/9/18 (a)(e)                                                                                                                                             
|Arena Pharmaceuticals, Inc. (a)                                                                                                                                    
|Biogen Idec, Inc. (a)                                                                                                                                              
|BioMarin Pharmaceutical, Inc. (a)                                                                                                                                  
|Celera Corp. (a)                                                                                                                                                   
|Celgene Corp. (a)                                                                                                                                                  
|Cephalon, Inc. (a)(d)                                                                                                                                              
|Cepheid, Inc. (a)                                                                                                                                                  
|Cougar Biotechnology, Inc. (a)                                                                                                                                     
|Cubist Pharmaceuticals, Inc. (a)                                                                                                                                   
|Dendreon Corp. (a)                                                                                                                                                 
|Enzon Pharmaceuticals, Inc. (a)                                                                                                                                    
|Facet Biotech Corp. (a)                                                                                                                                            
|Genomic Health, Inc. (a)                                                                                                                                           
|Genzyme Corp. (a)                                                                                                                                                  
|Gilead Sciences, Inc. (a)                                                                                                                                          
|GTx, Inc. (a)                                                                                                                                                      
|Halozyme Therapeutics, Inc. (a)                                                                                                                                    
|Human Genome Sciences, Inc. (a)                                                                                                                                    
|Incyte Corp. (a)                                                                                                                                                   
|InterMune, Inc.                                                                                                                                                    
|Isis Pharmaceuticals, Inc. (a)                                                                                                                                     
|Ligand Pharmaceuticals, Inc. Class B (a)                                                                                                                           
|Martek Biosciences                                                                                                                                                 
|Momenta Pharmaceuticals, Inc. (a)(d)                                                                                                                               
|Myriad Genetics, Inc. (a)                                                                                                                                          
|ONYX Pharmaceuticals, Inc. (a)                                                                                                                                     
|OREXIGEN Therapeutics, Inc. (a)                                                                                                                                    
|OSI Pharmaceuticals, Inc. (a)                                                                                                                                      
|PDL BioPharma, Inc.                                                                                                                                                
|Poniard Pharmaceuticals, Inc. (a)                                                                                                                                  
|Progenics Pharmaceuticals, Inc. (a)                                                                                                                                
|                                                                                                                                                                   
|                                                                                                                                                                   
|Regeneron Pharmaceuticals, Inc. (a)                                                                                                                                
|Rigel Pharmaceuticals, Inc. (a)                                                                                                                                    
|Sangamo Biosciences, Inc. (a)                                                                                                                                      
|Savient Pharmaceuticals, Inc. (a)                                                                                                                                  
|Theratechnologies, Inc. (a)                                                                                                                                        
|Theravance, Inc. (a)                                                                                                                                               
|United Therapeutics Corp. (a)                                                                                                                                      
|Vertex Pharmaceuticals, Inc. (a)                                                                                                                                   
|Zymogenetics, Inc. (a)                                                                                                                                             
|                                                                                                                                                                   
|HEALTH CARE EQUIPMENT & SUPPLIES - 0.0%                                                                                                                            
|Health Care Equipment - 0.0%                                                                                                                                       
|Alsius Corp. (a)                                                                                                                                                   
|Aradigm Corp. (a)                                                                                                                                                  
|                                                                                                                                                                   
|LIFE SCIENCES TOOLS & SERVICES - 1.1%                                                                                                                              
|Life Sciences Tools & Services - 1.1%                                                                                                                              
|AMAG Pharmaceuticals, Inc. (a)                                                                                                                                     
|Clinical Data, Inc. (a)                                                                                                                                            
|Exelixis, Inc. (a)                                                                                                                                                 
|Medivation, Inc. (a)                                                                                                                                               
|                                                                                                                                                                   
|PHARMACEUTICALS - 7.0%                                                                                                                                             
|Pharmaceuticals - 7.0%                                                                                                                                             
|Adolor Corp. (a)                                                                                                                                                   
|Akorn, Inc. (a)                                                                                                                                                    
|Alexza Pharmaceuticals, Inc. (a)                                                                                                                                   
|Auxilium Pharmaceuticals, Inc. (a)                                                                                                                                 
|Biodel, Inc. (a)                                                                                                                                                   
|Cadence Pharmaceuticals, Inc. (a)                                                                                                                                  
|Catalyst Pharmaceutical Partners, Inc. (a)                                                                                                                         
|Elan Corp. PLC sponsored ADR (a)                                                                                                                                   
|Inspire Pharmaceuticals, Inc. (a)                                                                                                                                  
|Jazz Pharmaceuticals, Inc. (a)                                                                                                                                     
|Optimer Pharmaceuticals, Inc. (a)                                                                                                                                  
|Sepracor, Inc. (a)                                                                                                                                                 
|Vivus, Inc. (a)                                                                                                                                                    
|Wyeth                                                                                                                                                              
|XenoPort, Inc. (a)                                                                                                                                                 
|                                                                                                                                                                   
|TOTAL COMMON STOCKS
(Cost $52,021,781)                                                                                                                             
|Money Market Funds - 8.5%                                                                                                                                          
|                                                                                                                                                                   
|Fidelity Cash Central Fund, 0.53% (b)                                                                                                                              
|Fidelity Securities Lending Cash Central Fund, 0.28% (b)(c)                                                                                                        
|TOTAL MONEY MARKET FUNDS
(Cost $4,093,295)                                                                                                                         
|Cash Equivalents - 0.1%                                                                                                                                            
|                                                                                                                                                                   
|Investments in repurchase agreements in a joint trading account at 0.15%, dated 4/30/09 due 5/1/09
(Collateralized by U.S. Government Obligations) #
(Cost $38,000)

|TOTAL INVESTMENT PORTFOLIO - 105.0%
(Cost $56,153,076) |  | 50,649,592
|------------------------------------------------------ |  | ----------

|NET OTHER ASSETS - (5.0)% |              | (2,412,353)
|------------------------- | ------------ | -----------
|NET ASSETS - 100%         | $	48,237,239

|Legend                                                                                                                                                                                                                                                                                                              
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(a)	Non-income producing                                                                                                                                                                                                                                                                                            
|(b)	Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is
the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent
quarter end is available upon request.
|(c)	Investment made with cash collateral received from securities on loan.                                                                                                                                                                                                                                          
|(d)	Security or a portion of the security is on loan at period end.                                                                                                                                                                                                                                                 
|(e)	Restricted securities - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the
period, the value of restricted securities (excluding 144A issues) amounted to $311,223 or 0.6% of net assets.                                                      
|Additional information on each holding is as follows:                                                                                                                                                                                                                                                               

|Security                          | Acquisition Date | Acquisition Cost
|--------------------------------- | ---------------- | ----------------
|Antigenics, Inc. warrants:
1/9/10 | 1/9/08           | $	3             
|1/9/18                            | 1/9/08           | $	563,722       

|# Additional Information on each counterparty to the repurchase agreement is as follows:
|----------------------------------------------------------------------------------------

|Repurchase Agreement / Counterparty | Value   
|----------------------------------- | --------
|$38,000 due 5/01/09 at 0.15%       
|BNP Paribas Securities Corp.        | $	6,740 
|Barclays Capital, Inc.              | 1,078   
|Credit Suisse Securities (USA) LLC  | 1,400   
|Deutsche Bank Securities, Inc.      | 14,232  
|HSBC Securities (USA), Inc.         | 10,781  
|Mizuho Securities USA, Inc.         | 1,078   
|Societe Generale, New York Branch   | 2,691   
|                                    | $	38,000

|Affiliated Central Funds                                                                                                     
|-----------------------------------------------------------------------------------------------------------------------------
|Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

|Fund                                          | Income earned
|--------------------------------------------- | -------------
|Fidelity Cash Central Fund                    | $	23,518     
|Fidelity Securities Lending Cash Central Fund | 10,104       
|Total                                         | $	33,622     

|Other Information                                                                                                                                                                                                                                                                                                                                                                                                                                 
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|The following is a summary of the inputs used, as of April 30, 2009, involving the Fund's assets carried at value. The inputs or
methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more
information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation
section at the end of this listing.

|Valuation Inputs at Reporting Date:
|-----------------------------------
|Description                        
|Investments in Securities          

|Income Tax Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|At April 30, 2009, the aggregate cost of investment securities for income tax purposes was $56,828,830. Net unrealized depreciation
aggregated $6,179,238, of which $3,338,255 related to appreciated investment securities and $9,517,493 related to depreciated
investment securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|Investment Valuation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of
trade date. The Fund uses independent pricing services approved by the Board of Trustees to value its investments.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price
or official closing price as reported by an independent pricing service on the primary market or exchange on which they are traded. In the
event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price. Investments
in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day. Short-term
securities with remaining maturities of sixty days or less for which quotations are not readily available are valued at amortized cost, which
approximates value.
|When current market prices or quotations are not readily available or reliable, valuations may be determined in good faith in accordance
with procedures adopted by the Board of Trustees. The frequency with which these procedures are used cannot be predicted and may be
utilized to a significant extent. The value of securities used for net asset value calculation under these procedures may differ from published
prices for the same securities.                                                                                                                                                                                                                                                                                          
|The Fund adopted the provisions of Statement of Financial Accounting Standards No. 157, Fair Value Measurements (SFAS 157), effective
with the beginning of the Fund's fiscal year. SFAS 157 establishes a hierarchy that prioritizes the inputs to valuation techniques giving the
highest priority to readily available unadjusted quoted prices in active markets for identical assets (level 1 measurements) and the lowest
priority to unobservable inputs (level 3 measurements) when market prices are not readily available or reliable. The three levels of the
hierarchy under SFAS 157 are described below:                                                                                                                                
|Level 1 - Quoted prices in active markets for identical securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|Level 2 - Prices determined using other significant observable inputs. Observable inputs are inputs that other market participants may use
in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others.                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Level 3 - Prices determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable
or deemed less relevant (for example, when there is little or no market activity for an investment at the end of the period), unobservable
inputs may be used. Unobservable inputs reflect the Fund's own assumptions about the factors market participants would use in pricing an
investment, and would be based on the best information available.                                                                                                                                                                                                                                                       
|Changes in valuation techniques may result in transfers in or out of an investment's assigned level within the hierarchy.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to
the Fund's most recent semiannual or annual shareholder report.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

Quarterly Report

|The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided
for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please
visit advisor.fidelity.com or call Fidelity at 1-877-208-0098 for a free copy of the fund's most recent prospectus and
annual report.
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service
marks are the property of FMR LLC or an affiliate.
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Quarterly Report

Quarterly Holdings Report

for

Fidelity®Advisor Communications Equipment FundClass A
Class T
Class B
Class C
Institutional Class
April 30, 2009

`1.800324.105`

`AFDC-QTLY-0609`

# Investments April 30, 2009 (Unaudited)

Showing Percentage of Net Assets

|Common Stocks - 92.6%                                   
|--------------------------------------------------------
|                                                        
|COMMUNICATIONS EQUIPMENT - 70.2%                        
|Communications Equipment - 70.2%                        
|3Com Corp. (a)                                          
|Acme Packet, Inc. (a)                                   
|ADC Telecommunications, Inc. (a)                        
|Adtran, Inc.                                            
|ADVA AG Optical Networking (a)                          
|Alcatel-Lucent SA sponsored ADR (a)                     
|Arris Group, Inc. (a)                                   
|Aruba Networks, Inc. (a)                                
|Blue Coat Systems, Inc. (a)                             
|Brocade Communications
Systems, Inc. (a)                
|Ceragon Networks Ltd. (a)                               
|China GrenTech Corp. Ltd. ADR (a)                       
|Ciena Corp. (a)                                         
|Cisco Systems, Inc. (a)                                 
|CommScope, Inc. (a)                                     
|Comverse Technology, Inc. (a)                           
|Emulex Corp. (a)                                        
|F5 Networks, Inc. (a)                                   
|Finisar Corp. (a)                                       
|Foxconn International Holdings Ltd. (a)                 
|Harris Stratex Networks, Inc. Class A (a)               
|Infinera Corp. (a)                                      
|JDS Uniphase Corp. (a)                                  
|Juniper Networks, Inc. (a)                              
|Motorola, Inc.                                          
|Nokia Corp. sponsored ADR                               
|Oclaro, Inc. (a)                                        
|Oplink Communications, Inc. (a)                         
|Opnext, Inc. (a)                                        
|Palm, Inc. (a)                                          
|Polycom, Inc. (a)                                       
|Powerwave Technologies, Inc. (a)                        
|QUALCOMM, Inc.                                          
|Research In Motion Ltd. (a)                             
|Riverbed Technology, Inc. (a)                           
|Sandvine Corp. (a)                                      
|Sandvine Corp. (U.K.) (a)                               
|Sonus Networks, Inc. (a)                                
|Starent Networks Corp. (a)                              
|Tekelec (a)                                             
|Telefonaktiebolaget LM Ericsson (B Shares) sponsored ADR
|                                                        
|COMPUTERS & PERIPHERALS - 0.1%                          
|Computer Hardware - 0.0%                                
|Compal Electronics, Inc.                                
|                                                        
|                                                        
|Computer Storage & Peripherals - 0.1%                   
|STEC, Inc. (a)                                          
|TOTAL COMPUTERS & PERIPHERALS                           
|ELECTRICAL EQUIPMENT - 0.2%                             
|Electrical Components & Equipment - 0.2%                
|General Cable Corp. (a)                                 
|ELECTRONIC EQUIPMENT & COMPONENTS - 1.8%                
|Electronic Components - 0.1%                            
|Amphenol Corp. Class A                                  
|Electronic Equipment & Instruments - 0.4%               
|China Security & Surveillance Technology, Inc. (a)      
|Electronic Manufacturing Services - 0.9%                
|Flextronics International Ltd. (a)                      
|SMART Modular Technologies
(WWH), Inc. (a)              
|Trimble Navigation Ltd. (a)                             
|                                                        
|Technology Distributors - 0.4%                          
|Brightpoint, Inc. (a)                                   
|TOTAL ELECTRONIC EQUIPMENT & COMPONENTS                 
|INTERNET SOFTWARE & SERVICES - 1.2%                     
|Internet Software & Services - 1.2%                     
|comScore, Inc. (a)                                      
|Equinix, Inc. (a)                                       
|Switch & Data Facilities Co., Inc. (a)                  
|Tencent Holdings Ltd.                                   
|                                                        
|MEDIA - 1.5%                                            
|Advertising - 0.5%                                      
|VisionChina Media, Inc. ADR (a)                         
|Cable & Satellite - 1.0%                                
|Virgin Media, Inc.                                      
|TOTAL MEDIA                                             
|SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 10.5%        
|Semiconductor Equipment - 0.9%                          
|EMCORE Corp. (a)                                        
|Tessera Technologies, Inc. (a)                          
|                                                        
|Semiconductors - 9.6%                                   
|Actel Corp. (a)                                         
|ANADIGICS, Inc. (a)                                     
|Applied Micro Circuits Corp. (a)                        
|ARM Holdings PLC sponsored ADR                          
|Cavium Networks, Inc. (a)                               
|Ceva, Inc. (a)                                          
|Conexant Systems, Inc. (a)                              
|Common Stocks - continued                               
|                                                        
|SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - CONTINUED    
|Semiconductors - continued                              
|Cree, Inc. (a)                                          
|CSR PLC (a)                                             
|Exar Corp. (a)                                          
|Hittite Microwave Corp. (a)                             
|Ikanos Communications, Inc. (a)                         
|Infineon Technologies AG (a)                            
|Microsemi Corp. (a)                                     
|Mindspeed Technologies, Inc. (a)                        
|MIPS Technologies, Inc. (a)                             
|Netlogic Microsystems, Inc. (a)                         
|Omnivision Technologies, Inc. (a)                       
|ON Semiconductor Corp. (a)                              
|Pericom Semiconductor Corp. (a)                         
|Pixelplus Co. Ltd. ADR (a)                              
|PLX Technology, Inc. (a)                                
|PMC-Sierra, Inc. (a)                                    
|RF Micro Devices, Inc. (a)                              
|Silicon Storage Technology, Inc. (a)                    
|SiRF Technology Holdings, Inc. (a)                      
|Skyworks Solutions, Inc. (a)                            
|Standard Microsystems Corp. (a)                         
|TriQuint Semiconductor, Inc. (a)                        
|                                                        
|TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT          
|SOFTWARE - 4.1%                                         
|Application Software - 3.5%                             
|Amdocs Ltd. (a)                                         
|Citrix Systems, Inc. (a)                                
|Smith Micro Software, Inc. (a)                          
|Synchronoss Technologies, Inc. (a)                      
|Taleo Corp. Class A (a)                                 
|Ulticom, Inc.                                           
|                                                        
|                                                        
|                                                        
|Home Entertainment Software - 0.6%                      
|Ubisoft Entertainment SA (a)                            
|Systems Software - 0.0%                                 
|Allot Communications Ltd. (a)                           
|TOTAL SOFTWARE                                          
|WIRELESS TELECOMMUNICATION SERVICES - 3.0%              
|Wireless Telecommunication Services - 3.0%              
|American Tower Corp. Class A (a)                        
|Crown Castle International Corp. (a)                    
|SBA Communications Corp. Class A (a)                    
|Syniverse Holdings, Inc. (a)                            
|                                                        
|TOTAL COMMON STOCKS
(Cost $5,885,563)                   

|Convertible Bonds - 0.2%               
|---------------------------------------
|                                       
|COMMUNICATIONS EQUIPMENT - 0.2%        
|Communications Equipment - 0.2%        
|Ciena Corp. 0.25% 5/1/13
(Cost $20,000)

|Money Market Funds - 4.2%                            
|-----------------------------------------------------
|                                                     
|Fidelity Cash Central Fund, 0.53% (b)
(Cost $226,252)

|TOTAL INVESTMENT PORTFOLIO - 97.0%
(Cost $6,131,815) |  | 5,261,270
|---------------------------------------------------- |  | ---------

|NET OTHER ASSETS - 3.0% |             | 165,486
|----------------------- | ----------- | -------
|NET ASSETS - 100%       | $	5,426,756

|Legend                                                                                                                                                                                                                                                                                                              
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(a)	Non-income producing                                                                                                                                                                                                                                                                                            
|(b)	Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is
the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent
quarter end is available upon request.
|Affiliated Central Funds                                                                                                                                                                                                                                                                                            
|Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:                                                                                                                                                                                       

|Fund                       | Income earned
|-------------------------- | -------------
|Fidelity Cash Central Fund | $	3,030      

|Other Information                                                                                                                                                                                                                                                                                                                                                                                                                                 
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|The following is a summary of the inputs used, as of April 30, 2009, involving the Fund's assets carried at value. The inputs or
methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more
information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation
section at the end of this listing.

|Valuation Inputs at Reporting Date:
|-----------------------------------
|Description                        
|Investments in Securities          

|Income Tax Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|At April 30, 2009, the aggregate cost of investment securities for income tax purposes was $6,255,824. Net unrealized depreciation
aggregated $994,554, of which $656,828 related to appreciated investment securities and $1,651,382 related to depreciated investment
securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|Investment Valuation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of
trade date. The Fund uses independent pricing services approved by the Board of Trustees to value its investments.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price
or official closing price as reported by an independent pricing service on the primary market or exchange on which they are traded. In the
event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price. Debt
securities, including restricted securities, are valued by independent pricing services or by dealers who make markets in such securities.
Pricing services consider yield or price of bonds of comparable quality, coupon, maturity and type as well as available dealer supplied
prices. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business
day. Short-term securities with remaining maturities of sixty days or less for which quotations are not readily available are valued at
amortized cost, which approximates value.
|When current market prices or quotations are not readily available or reliable, valuations may be determined in good faith in accordance
with procedures adopted by the Board of Trustees. The frequency with which these procedures are used cannot be predicted and may be
utilized to a significant extent. The value of securities used for net asset value calculation under these procedures may differ from published
prices for the same securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|The Fund adopted the provisions of Statement of Financial Accounting Standards No. 157, Fair Value Measurements (SFAS 157), effective
with the beginning of the Fund's fiscal year. SFAS 157 establishes a hierarchy that prioritizes the inputs to valuation techniques giving the
highest priority to readily available unadjusted quoted prices in active markets for identical assets (level 1 measurements) and the lowest
priority to unobservable inputs (level 3 measurements) when market prices are not readily available or reliable. The three levels of the
hierarchy under SFAS 157 are described below:                                                                                                                                                                                                                                                                                                                                                                                                                                
|Level 1 - Quoted prices in active markets for identical securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|Level 2 - Prices determined using other significant observable inputs. Observable inputs are inputs that other market participants may use
in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Level 3 - Prices determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable
or deemed less relevant (for example, when there is little or no market activity for an investment at the end of the period), unobservable
inputs may be used. Unobservable inputs reflect the Fund's own assumptions about the factors market participants would use in pricing an
investment, and would be based on the best information available.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|Changes in valuation techniques may result in transfers in or out of an investment's assigned level within the hierarchy.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to
the Fund's most recent semiannual or annual shareholder report.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

Quarterly Report

|The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided
for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please
visit advisor.fidelity.com or call Fidelity at 1-877-208-0098 for a free copy of the fund's most recent prospectus and
annual report.
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service
marks are the property of FMR LLC or an affiliate.
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Quarterly Report

Quarterly Holdings Report

for

Fidelity®Advisor Consumer Discretionary Fund
Class A
Class T
Class B
Class C
Institutional Class
April 30, 2009

`1.800322.105`

`AFCI-QTLY-0609`

# Investments April 30, 2009 (Unaudited)

Showing Percentage of Net Assets

|Common Stocks - 98.5%                                      
|-----------------------------------------------------------
|                                                           
|AUTO COMPONENTS - 2.0%                                     
|Auto Parts & Equipment - 2.0%                              
|Gentex Corp.                                               
|Johnson Controls, Inc.                                     
|                                                           
|AUTOMOBILES - 1.5%                                         
|Automobile Manufacturers - 1.2%                            
|Ford Motor Co. (a)                                         
|Motorcycle Manufacturers - 0.3%                            
|Harley-Davidson, Inc.                                      
|TOTAL AUTOMOBILES                                          
|DISTRIBUTORS - 1.0%                                        
|Distributors - 1.0%                                        
|Li & Fung Ltd.                                             
|DIVERSIFIED CONSUMER SERVICES - 2.6%                       
|Education Services - 2.1%                                  
|Apollo Group, Inc. Class A (non-vtg.) (a)                  
|Princeton Review, Inc. (a)                                 
|Strayer Education, Inc.                                    
|                                                           
|Specialized Consumer Services - 0.5%                       
|Coinstar, Inc. (a)                                         
|TOTAL DIVERSIFIED CONSUMER SERVICES                        
|FOOD & STAPLES RETAILING - 4.4%                            
|Food Retail - 1.2%                                         
|Susser Holdings Corp. (a)                                  
|Hypermarkets & Super Centers - 3.2%                        
|Costco Wholesale Corp.                                     
|Wal-Mart Stores, Inc.                                      
|                                                           
|TOTAL FOOD & STAPLES RETAILING                             
|HOTELS, RESTAURANTS & LEISURE - 19.5%                      
|Casinos & Gaming - 4.2%                                    
|Ameristar Casinos, Inc.                                    
|International Game Technology                              
|Las Vegas Sands Corp. unit                                 
|Penn National Gaming, Inc. (a)                             
|WMS Industries, Inc. (a)                                   
|                                                           
|Hotels, Resorts & Cruise Lines - 3.0%                      
|Carnival Corp. unit                                        
|Starwood Hotels & Resorts
Worldwide, Inc.                  
|Wyndham Worldwide Corp.                                    
|                                                           
|                                                           
|                                                           
|Restaurants - 12.3%                                        
|Brinker International, Inc.                                
|Burger King Holdings, Inc.                                 
|Darden Restaurants, Inc.                                   
|Jack in the Box, Inc. (a)                                  
|McDonald's Corp.                                           
|P.F. Chang's China Bistro, Inc. (a)(d)                     
|Sonic Corp. (a)                                            
|Starbucks Corp. (a)                                        
|Wendy's/Arby's Group, Inc.                                 
|                                                           
|TOTAL HOTELS, RESTAURANTS & LEISURE                        
|HOUSEHOLD DURABLES - 3.1%                                  
|Home Furnishings - 0.3%                                    
|Mohawk Industries, Inc. (a)                                
|Homebuilding - 2.0%                                        
|Centex Corp.                                               
|Lennar Corp. Class A                                       
|M.D.C. Holdings, Inc.                                      
|NVR, Inc. (a)                                              
|Pulte Homes, Inc.                                          
|Toll Brothers, Inc. (a)                                    
|                                                           
|Household Appliances - 0.8%                                
|Whirlpool Corp. (d)                                        
|TOTAL HOUSEHOLD DURABLES                                   
|INTERNET & CATALOG RETAIL - 2.7%                           
|Internet Retail - 2.7%                                     
|Amazon.com, Inc. (a)                                       
|INTERNET SOFTWARE & SERVICES - 1.6%                        
|Internet Software & Services - 1.6%                        
|eBay, Inc. (a)                                             
|Google, Inc. Class A (sub. vtg.) (a)                       
|                                                           
|LEISURE EQUIPMENT & PRODUCTS - 0.9%                        
|Leisure Products - 0.9%                                    
|Hasbro, Inc.                                               
|MEDIA - 20.8%                                              
|Advertising - 2.8%                                         
|Interpublic Group of Companies, Inc. (a)                   
|Lamar Advertising Co. Class A (a)(d)                       
|Omnicom Group, Inc.                                        
|                                                           
|Broadcasting - 1.1%                                        
|Grupo Televisa SA de CV (CPO) sponsored ADR                
|Common Stocks - continued                                  
|                                                           
|MEDIA - CONTINUED                                          
|Cable & Satellite - 8.6%                                   
|Comcast Corp. Class A                                      
|Liberty Media Corp. - Entertainment Class A (a)            
|The DIRECTV Group, Inc. (a)                                
|Time Warner Cable, Inc.                                    
|Virgin Media, Inc.                                         
|                                                           
|Movies & Entertainment - 7.3%                              
|The Walt Disney Co.                                        
|Time Warner, Inc.                                          
|                                                           
|Publishing - 1.0%                                          
|McGraw-Hill Companies, Inc.                                
|TOTAL MEDIA                                                
|MULTILINE RETAIL - 7.7%                                    
|Department Stores - 0.4%                                   
|Nordstrom, Inc.                                            
|General Merchandise Stores - 7.3%                          
|Target Corp.                                               
|TOTAL MULTILINE RETAIL                                     
|SPECIALTY RETAIL - 23.7%                                   
|Apparel Retail - 4.2%                                      
|Citi Trends, Inc. (a)                                      
|Pacific Sunwear of California, Inc. (a)                    
|Ross Stores, Inc.                                          
|Urban Outfitters, Inc. (a)                                 
|Zumiez, Inc. (a)                                           
|                                                           
|Automotive Retail - 2.7%                                   
|Advance Auto Parts, Inc.                                   
|AutoZone, Inc. (a)                                         
|                                                           
|Computer & Electronics Retail - 0.6%                       
|Gamestop Corp. Class A (a)                                 
|Home Improvement Retail - 12.0%                            
|Home Depot, Inc.                                           
|Lowe's Companies, Inc.                                     
|Lumber Liquidators, Inc. (a)                               
|                                                           
|Specialty Stores - 4.2%                                    
|PetSmart, Inc.                                             
|                                                           
|                                                           
|Sally Beauty Holdings, Inc. (a)                            
|Staples, Inc.                                              
|                                                           
|TOTAL SPECIALTY RETAIL                                     
|TEXTILES, APPAREL & LUXURY GOODS - 7.0%                    
|Apparel, Accessories & Luxury Goods - 3.1%                 
|Coach, Inc.                                                
|G-III Apparel Group Ltd. (a)                               
|Hanesbrands, Inc. (a)                                      
|Polo Ralph Lauren Corp. Class A                            
|VF Corp.                                                   
|                                                           
|Footwear - 3.9%                                            
|Iconix Brand Group, Inc. (a)                               
|NIKE, Inc. Class B                                         
|                                                           
|TOTAL TEXTILES, APPAREL & LUXURY GOODS                     
|TOTAL COMMON STOCKS
(Cost $26,453,388)                     
|Money Market Funds - 2.6%                                  
|                                                           
|Fidelity Cash Central Fund, 0.53% (b)                      
|Fidelity Securities Lending Cash Central Fund, 0.28% (b)(c)
|TOTAL MONEY MARKET FUNDS
(Cost $625,250)                   

|TOTAL INVESTMENT PORTFOLIO - 101.1%
(Cost $27,078,638) |  | 24,008,067
|------------------------------------------------------ |  | ----------

|NET OTHER ASSETS - (1.1)% |              | (264,613)
|------------------------- | ------------ | ---------
|NET ASSETS - 100%         | $	23,743,454

|Legend                                                                                                                                                                                                                                                                                                              
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(a)	Non-income producing                                                                                                                                                                                                                                                                                            
|(b)	Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is
the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent
quarter end is available upon request.
|(c)	Investment made with cash collateral received from securities on loan.                                                                                                                                                                                                                                          
|(d)	Security or a portion of the security is on loan at period end.                                                                                                                                                                                                                                                 
|Affiliated Central Funds                                                                                                                                                                                                                                                                                            
|Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:                                                                                                                                                                                       

|Fund                                          | Income earned
|--------------------------------------------- | -------------
|Fidelity Cash Central Fund                    | $	2,639      
|Fidelity Securities Lending Cash Central Fund | 28,052       
|Total                                         | $	30,691     

|Other Information                                                                                                                                                                                                                                                                                                                                                                                                                                 
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|The following is a summary of the inputs used, as of April 30, 2009, involving the Fund's assets carried at value. The inputs or
methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more
information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation
section at the end of this listing.

|Valuation Inputs at Reporting Date:
|-----------------------------------
|Description                        
|Investments in Securities          

|Income Tax Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|At April 30, 2009, the aggregate cost of investment securities for income tax purposes was $27,272,744. Net unrealized depreciation
aggregated $3,264,677, of which $1,989,661 related to appreciated investment securities and $5,254,338 related to depreciated
investment securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|Investment Valuation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of
trade date. The Fund uses independent pricing services approved by the Board of Trustees to value its investments.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price
or official closing price as reported by an independent pricing service on the primary market or exchange on which they are traded. In the
event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price. Investments
in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day. Short-term
securities with remaining maturities of sixty days or less for which quotations are not readily available are valued at amortized cost, which
approximates value.
|When current market prices or quotations are not readily available or reliable, valuations may be determined in good faith in accordance
with procedures adopted by the Board of Trustees. The frequency with which these procedures are used cannot be predicted and may be
utilized to a significant extent. The value of securities used for net asset value calculation under these procedures may differ from published
prices for the same securities.                                                                                                                                                                                                                                                                                          
|The Fund adopted the provisions of Statement of Financial Accounting Standards No. 157, Fair Value Measurements (SFAS 157), effective
with the beginning of the Fund's fiscal year. SFAS 157 establishes a hierarchy that prioritizes the inputs to valuation techniques giving the
highest priority to readily available unadjusted quoted prices in active markets for identical assets (level 1 measurements) and the lowest
priority to unobservable inputs (level 3 measurements) when market prices are not readily available or reliable. The three levels of the
hierarchy under SFAS 157 are described below:                                                                                                                                
|Level 1 - Quoted prices in active markets for identical securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|Level 2 - Prices determined using other significant observable inputs. Observable inputs are inputs that other market participants may use
in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others.                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Level 3 - Prices determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable
or deemed less relevant (for example, when there is little or no market activity for an investment at the end of the period), unobservable
inputs may be used. Unobservable inputs reflect the Fund's own assumptions about the factors market participants would use in pricing an
investment, and would be based on the best information available.                                                                                                                                                                                                                                                       
|Changes in valuation techniques may result in transfers in or out of an investment's assigned level within the hierarchy.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to
the Fund's most recent semiannual or annual shareholder report.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

Quarterly Report

|The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided
for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please
visit advisor.fidelity.com or call Fidelity at 1-877-208-0098 for a free copy of the fund's most recent prospectus and
annual report.
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service
marks are the property of FMR LLC or an affiliate.
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Quarterly Report

Quarterly Holdings Report

For

Fidelity®Advisor Electronics Fund
Class A
Class T
Class B
Class C
Institutional Class
April 30, 2009

`1.800325.105`

`AFEL-QTLY-0609`

# Investments April 30, 2009 (Unaudited)

Showing Percentage of Net Assets

|Common Stocks - 91.9%                                            
|-----------------------------------------------------------------
|                                                                 
|COMMUNICATIONS EQUIPMENT - 1.9%                                  
|Communications Equipment - 1.9%                                  
|Cisco Systems, Inc. (a)                                          
|Opnext, Inc. (a)                                                 
|QUALCOMM, Inc.                                                   
|                                                                 
|COMPUTERS & PERIPHERALS - 1.0%                                   
|Computer Storage & Peripherals - 1.0%                            
|SanDisk Corp. (a)                                                
|Seagate Technology                                               
|                                                                 
|ELECTRICAL EQUIPMENT - 0.8%                                      
|Electrical Components & Equipment - 0.8%                         
|Motech Industries, Inc.                                          
|Q-Cells SE (a)                                                   
|Renewable Energy Corp. AS (a)                                    
|SolarWorld AG                                                    
|Sunpower Corp. Class B (a)                                       
|                                                                 
|ELECTRONIC EQUIPMENT & COMPONENTS - 4.7%                         
|Electronic Components - 0.9%                                     
|Everlight Electronics Co. Ltd.                                   
|Vishay Intertechnology, Inc. (a)                                 
|                                                                 
|Electronic Manufacturing Services - 1.4%                         
|DDi Corp. (a)                                                    
|Flextronics International Ltd. (a)                               
|Jabil Circuit, Inc.                                              
|Tyco Electronics Ltd.                                            
|                                                                 
|Technology Distributors - 2.4%                                   
|Arrow Electronics, Inc. (a)                                      
|Avnet, Inc. (a)                                                  
|Brightpoint, Inc. (a)                                            
|Ingram Micro, Inc. Class A (a)                                   
|                                                                 
|TOTAL ELECTRONIC EQUIPMENT & COMPONENTS                          
|LIFE SCIENCES TOOLS & SERVICES - 0.4%                            
|Life Sciences Tools & Services - 0.4%                            
|Arrowhead Research Corp. (a)                                     
|Arrowhead Research Corp. warrants 5/21/17 (a)                    
|                                                                 
|METALS & MINING - 0.0%                                           
|Diversified Metals & Mining - 0.0%                               
|Timminco Ltd. (a)                                                
|                                                                 
|                                                                 
|SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 83.0%                 
|Semiconductor Equipment - 18.6%                                  
|Advanced Energy Industries, Inc. (a)                             
|Aixtron AG                                                       
|Amkor Technology, Inc. (a)                                       
|Applied Materials, Inc.                                          
|ASML Holding NV (NY Shares)                                      
|ATMI, Inc. (a)                                                   
|Brooks Automation, Inc. (a)                                      
|Cabot Microelectronics Corp. (a)                                 
|Cohu, Inc.                                                       
|Cymer, Inc. (a)                                                  
|Entegris, Inc. (a)                                               
|FEI Co. (a)                                                      
|FormFactor, Inc. (a)                                             
|Global Unichip Corp.                                             
|KLA-Tencor Corp.                                                 
|Kulicke & Soffa Industries, Inc. (a)                             
|Lam Research Corp. (a)                                           
|MEMC Electronic Materials, Inc. (a)                              
|MKS Instruments, Inc. (a)                                        
|Novellus Systems, Inc. (a)                                       
|Teradyne, Inc. (a)                                               
|Tessera Technologies, Inc. (a)                                   
|Ultratech, Inc. (a)                                              
|Varian Semiconductor Equipment Associates, Inc. (a)              
|Veeco Instruments, Inc. (a)                                      
|Verigy Ltd. (a)                                                  
|                                                                 
|Semiconductors - 64.4%                                           
|Actel Corp. (a)                                                  
|Advanced Analogic Technologies, Inc. (a)                         
|Advanced Micro Devices, Inc. (a)                                 
|Advanced Semiconductor Engineering, Inc. sponsored ADR           
|Altera Corp.                                                     
|Analog Devices, Inc.                                             
|Applied Micro Circuits Corp. (a)                                 
|ARM Holdings PLC sponsored ADR                                   
|Atheros Communications, Inc. (a)                                 
|Atmel Corp. (a)                                                  
|Broadcom Corp. Class A (a)                                       
|California Micro Devices Corp. (a)                               
|Cavium Networks, Inc. (a)                                        
|Chartered Semiconductor
Manufacturing Ltd. (a)                   
|Chartered Semiconductor Manufacturing Ltd. sponsored ADR (a)     
|Cirrus Logic, Inc. (a)                                           
|Cree, Inc. (a)                                                   
|CSR PLC (a)                                                      
|Cypress Semiconductor Corp. (a)                                  
|Common Stocks - continued                                        
|                                                                 
|SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - CONTINUED             
|Semiconductors - continued                                       
|Diodes, Inc. (a)                                                 
|DSP Group, Inc. (a)                                              
|Exar Corp. (a)                                                   
|Fairchild Semiconductor
International, Inc. (a)                  
|Himax Technologies, Inc. sponsored ADR                           
|Infineon Technologies AG (a)                                     
|Integrated Device Technology, Inc. (a)                           
|Intel Corp.                                                      
|International Rectifier Corp. (a)                                
|Intersil Corp. Class A                                           
|Linear Technology Corp.                                          
|LSI Corp. (a)                                                    
|Marvell Technology Group Ltd. (a)                                
|Maxim Integrated Products, Inc.                                  
|Micrel, Inc.                                                     
|Micron Technology, Inc. (a)                                      
|National Semiconductor Corp.                                     
|Netlogic Microsystems, Inc. (a)                                  
|NVIDIA Corp. (a)                                                 
|O2Micro International Ltd.
sponsored ADR (a)                     
|Omnivision Technologies, Inc. (a)                                
|ON Semiconductor Corp. (a)                                       
|PMC-Sierra, Inc. (a)                                             
|Rambus, Inc. (a)                                                 
|RF Micro Devices, Inc. (a)                                       
|Richtek Technology Corp.                                         
|Samsung Electronics Co. Ltd.                                     
|Semiconductor Manufacturing International Corp. sponsored ADR (a)
|Semtech Corp. (a)                                                
|Sigma Designs, Inc. (a)                                          
|Silicon Image, Inc. (a)                                          
|Silicon Laboratories, Inc. (a)                                   
|Silicon Storage Technology, Inc. (a)                             
|Siliconware Precision Industries Co. Ltd. sponsored ADR          
|SiRF Technology Holdings, Inc. (a)                               
|Skyworks Solutions, Inc. (a)                                     
|Standard Microsystems Corp. (a)                                  
|STATS ChipPAC Ltd. (a)                                           
|Supertex, Inc. (a)                                               
|Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR        
|Texas Instruments, Inc.                                          
|TriQuint Semiconductor, Inc. (a)                                 
|                                                                 
|                                                                 
|Xilinx, Inc.                                                     
|Zoran Corp. (a)                                                  
|                                                                 
|TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT                   
|SOFTWARE - 0.1%                                                  
|Application Software - 0.1%                                      
|Cadence Design Systems, Inc. (a)                                 
|Magma Design Automation, Inc. (a)                                
|                                                                 
|TOTAL COMMON STOCKS
(Cost $12,416,525)                           

|Convertible Bonds - 3.0%                       
|-----------------------------------------------
|                                               
|COMMUNICATIONS EQUIPMENT - 0.3%                
|Communications Equipment - 0.3%                
|Lucent Technologies, Inc. 2.875% 6/15/25       
|ELECTRICAL EQUIPMENT - 0.1%                    
|Electrical Components & Equipment - 0.1%       
|Sunpower Corp. 4.75% 4/15/14                   
|ELECTRONIC EQUIPMENT & COMPONENTS - 0.4%       
|Electronic Manufacturing Services - 0.4%       
|TTM Technologies, Inc. 3.25% 5/15/15           
|SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.2%
|Semiconductor Equipment - 0.1%                 
|Amkor Technology, Inc. 6% 4/15/14 (c)          
|Semiconductors - 2.1%                          
|Advanced Micro Devices, Inc. 6% 5/1/15         
|Diodes, Inc. 2.25% 10/1/26                     
|Infineon Technologies Holding BV 5% 6/5/10     
|Xilinx, Inc. 3.125% 3/15/37                    
|                                               
|TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT 
|TOTAL CONVERTIBLE BONDS
(Cost $253,481)        

|Money Market Funds - 4.9%                            
|-----------------------------------------------------
|                                                     
|Fidelity Cash Central Fund, 0.53% (b)
(Cost $480,510)

|TOTAL INVESTMENT PORTFOLIO - 99.8%
(Cost $13,150,516) |  | 9,756,591
|----------------------------------------------------- |  | ---------

|NET OTHER ASSETS - 0.2% |             | 17,693
|----------------------- | ----------- | ------
|NET ASSETS - 100%       | $	9,774,284

|Currency Abbreviation
|---------------------
|EUR                  

|Legend                                                                                                                                                                                                                                                                                                              
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(a)	Non-income producing                                                                                                                                                                                                                                                                                            
|(b)	Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is
the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent
quarter end is available upon request.
|(c)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt
from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $15,750
or 0.2% of net assets.        
|(d)	Principal amount is stated in United States dollars unless otherwise noted.                                                                                                                                                                                                                                     
|Affiliated Central Funds                                                                                                                                                                                                                                                                                            
|Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:                                                                                                                                                                                       

|Fund                       | Income earned
|-------------------------- | -------------
|Fidelity Cash Central Fund | $	2,842      

|Other Information                                                                                                                                                                                                                                                                                                                                                                                                                                 
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|The following is a summary of the inputs used, as of April 30, 2009, involving the Fund's assets carried at value. The inputs or
methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more
information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation
section at the end of this listing.

|Valuation Inputs at Reporting Date:
|-----------------------------------
|Description                        
|Investments in Securities          

|Income Tax Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|At April 30, 2009, the aggregate cost of investment securities for income tax purposes was $13,572,918. Net unrealized depreciation
aggregated $3,816,327, of which $695,769 related to appreciated investment securities and $4,512,096 related to depreciated
investment securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|Investment Valuation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of
trade date. The Fund uses independent pricing services approved by the Board of Trustees to value its investments.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price
or official closing price as reported by an independent pricing service on the primary market or exchange on which they are traded. In the
event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price. Debt
securities, including restricted securities, are valued by independent pricing services or by dealers who make markets in such securities.
Pricing services consider yield or price of bonds of comparable quality, coupon, maturity and type as well as available dealer supplied
prices. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business
day. Short-term securities with remaining maturities of sixty days or less for which quotations are not readily available are valued at
amortized cost, which approximates value.
|When current market prices or quotations are not readily available or reliable, valuations may be determined in good faith in accordance
with procedures adopted by the Board of Trustees. The frequency with which these procedures are used cannot be predicted and may be
utilized to a significant extent. The value of securities used for net asset value calculation under these procedures may differ from published
prices for the same securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|The Fund adopted the provisions of Statement of Financial Accounting Standards No. 157, Fair Value Measurements (SFAS 157), effective
with the beginning of the Fund's fiscal year. SFAS 157 establishes a hierarchy that prioritizes the inputs to valuation techniques giving the
highest priority to readily available unadjusted quoted prices in active markets for identical assets (level 1 measurements) and the lowest
priority to unobservable inputs (level 3 measurements) when market prices are not readily available or reliable. The three levels of the
hierarchy under SFAS 157 are described below:                                                                                                                                                                                                                                                                                                                                                                                                                                
|Level 1 - Quoted prices in active markets for identical securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|Level 2 - Prices determined using other significant observable inputs. Observable inputs are inputs that other market participants may use
in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Level 3 - Prices determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable
or deemed less relevant (for example, when there is little or no market activity for an investment at the end of the period), unobservable
inputs may be used. Unobservable inputs reflect the Fund's own assumptions about the factors market participants would use in pricing an
investment, and would be based on the best information available.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|Changes in valuation techniques may result in transfers in or out of an investment's assigned level within the hierarchy.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to
the Fund's most recent semiannual or annual shareholder report.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

Quarterly Report

|The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided
for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please
visit advisor.fidelity.com or call Fidelity at 1-877-208-0098 for a free copy of the fund's most recent prospectus and
annual report.
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service
marks are the property of FMR LLC or an affiliate.
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Quarterly Report

Quarterly Holdings Report

for

Fidelity®Advisor Energy Fund
Class A
Class T
Class B
Class C
Institutional Class
April 30, 2009

`1.800328.105`

`ANR-QTLY-0609`

# Investments April 30, 2009 (Unaudited)

Showing Percentage of Net Assets

|Common Stocks - 98.2%                               
|----------------------------------------------------
|                                                    
|COMMERCIAL SERVICES & SUPPLIES - 0.0%               
|Environmental & Facility Services - 0.0%            
|Fuel Tech, Inc. (a)                                 
|CONSTRUCTION & ENGINEERING - 0.5%                   
|Construction & Engineering - 0.5%                   
|Jacobs Engineering Group, Inc. (a)                  
|ELECTRICAL EQUIPMENT - 2.9%                         
|Electrical Components & Equipment - 2.8%            
|Energy Conversion Devices, Inc. (a)(d)              
|Evergreen Solar, Inc. (a)(d)                        
|First Solar, Inc. (a)(d)                            
|JA Solar Holdings Co. Ltd. ADR (a)(d)               
|Q-Cells SE (a)(d)                                   
|Renewable Energy Corp. AS (a)(d)                    
|Sunpower Corp.:                                     
|Class A (a)                                         
|Class B (a)                                         
|Suntech Power Holdings Co. Ltd. sponsored ADR (a)(d)
|                                                    
|Heavy Electrical Equipment - 0.1%                   
|Vestas Wind Systems AS (a)                          
|TOTAL ELECTRICAL EQUIPMENT                          
|ENERGY EQUIPMENT & SERVICES - 33.2%                 
|Oil & Gas Drilling - 14.8%                          
|Atwood Oceanics, Inc. (a)                           
|Diamond Offshore Drilling, Inc.                     
|Helmerich & Payne, Inc. (d)                         
|Hercules Offshore, Inc. (a)                         
|Nabors Industries Ltd. (a)                          
|Noble Corp.                                         
|Patterson-UTI Energy, Inc.                          
|Pride International, Inc. (a)                       
|Seadrill Ltd.                                       
|Transocean Ltd. (a)                                 
|                                                    
|Oil & Gas Equipment & Services - 18.4%              
|Baker Hughes, Inc.                                  
|BJ Services Co.                                     
|Cameron International Corp. (a)                     
|Core Laboratories NV                                
|Dresser-Rand Group, Inc. (a)                        
|Dril-Quip, Inc. (a)                                 
|Exterran Holdings, Inc. (a)                         
|FMC Technologies, Inc. (a)                          
|Fugro NV (Certificaten Van
Aandelen) unit           
|Global Industries Ltd. (a)                          
|Halliburton Co.                                     
|Helix Energy Solutions Group, Inc. (a)              
|                                                    
|                                                    
|Hornbeck Offshore Services, Inc. (a)                
|National Oilwell Varco, Inc. (a)                    
|Oceaneering International, Inc. (a)                 
|Oil States International, Inc. (a)                  
|Schlumberger Ltd. (NY Shares)                       
|Smith International, Inc.                           
|Superior Energy Services, Inc. (a)                  
|Tenaris SA sponsored ADR                            
|Tidewater, Inc.                                     
|TSC Offshore Group Ltd. (a)                         
|Weatherford International Ltd. (a)                  
|Willbros Group, Inc. (a)                            
|                                                    
|TOTAL ENERGY EQUIPMENT & SERVICES                   
|GAS UTILITIES - 1.1%                                
|Gas Utilities - 1.1%                                
|EQT Corp.                                           
|Questar Corp.                                       
|Zhongyu Gas Holdings Ltd. (a)                       
|                                                    
|METALS & MINING - 0.1%                              
|Diversified Metals & Mining - 0.1%                  
|Teck Resources Ltd. Class B (sub. vtg.)             
|MULTI-UTILITIES - 0.0%                              
|Multi-Utilities - 0.0%                              
|Sempra Energy                                       
|OIL, GAS & CONSUMABLE FUELS - 60.4%                 
|Coal & Consumable Fuels - 4.7%                      
|Arch Coal, Inc.                                     
|CONSOL Energy, Inc.                                 
|Foundation Coal Holdings, Inc.                      
|Massey Energy Co.                                   
|Peabody Energy Corp.                                
|PT Bumi Resources Tbk                               
|                                                    
|Integrated Oil & Gas - 21.8%                        
|Chevron Corp.                                       
|ConocoPhillips                                      
|ENI SpA sponsored ADR                               
|Exxon Mobil Corp.                                   
|Hess Corp.                                          
|Marathon Oil Corp.                                  
|Occidental Petroleum Corp.                          
|Suncor Energy, Inc.                                 
|                                                    
|Oil & Gas Exploration & Production - 29.3%          
|Anadarko Petroleum Corp.                            
|Apache Corp.                                        
|Bankers Petroleum Ltd. (a)                          
|Common Stocks - continued                           
|                                                    
|OIL, GAS & CONSUMABLE FUELS - CONTINUED             
|Oil & Gas Exploration & Production - continued      
|Berry Petroleum Co. Class A                         
|Bill Barrett Corp. (a)                              
|Cabot Oil & Gas Corp.                               
|Canadian Natural Resources Ltd.                     
|Chesapeake Energy Corp.                             
|Comstock Resources, Inc. (a)                        
|Concho Resources, Inc. (a)                          
|Denbury Resources, Inc. (a)                         
|Devon Energy Corp.                                  
|EOG Resources, Inc.                                 
|EXCO Resources, Inc. (a)                            
|Forest Oil Corp. (a)                                
|Newfield Exploration Co. (a)                        
|Noble Energy, Inc.                                  
|Oil Search Ltd.                                     
|OPTI Canada, Inc. (a)                               
|Petrobank Energy & Resources Ltd. (a)               
|Petrohawk Energy Corp. (a)                          
|Plains Exploration & Production Co. (a)             
|Range Resources Corp.                               
|SandRidge Energy, Inc. (a)                          
|Southwestern Energy Co. (a)                         
|Talisman Energy, Inc.                               
|Ultra Petroleum Corp. (a)                           
|Whiting Petroleum Corp. (a)                         
|                                                    
|Oil & Gas Refining & Marketing - 4.0%               
|Frontier Oil Corp.                                  
|Holly Corp.                                         
|Sunoco, Inc.                                        
|Tesoro Corp.                                        
|Valero Energy Corp.                                 
|                                                    
|                                                    
|                                                    
|Oil & Gas Storage & Transport - 0.6%                
|El Paso Corp.                                       
|Williams Companies, Inc.                            
|                                                    
|TOTAL OIL, GAS & CONSUMABLE FUELS                   
|TOTAL COMMON STOCKS
(Cost $538,322,216)             

|Convertible Bonds - 0.1%                    
|--------------------------------------------
|                                            
|ELECTRICAL EQUIPMENT - 0.1%                 
|Electrical Components & Equipment - 0.1%    
|Sunpower Corp. 4.75% 4/15/14
(Cost $320,000)

|Money Market Funds - 5.0%                                  
|-----------------------------------------------------------
|                                                           
|Fidelity Cash Central Fund, 0.53% (b)                      
|Fidelity Securities Lending Cash Central Fund, 0.28% (b)(c)
|TOTAL MONEY MARKET FUNDS
(Cost $25,716,427)                

|TOTAL INVESTMENT PORTFOLIO - 103.3%
(Cost $564,358,643) |  | 526,034,412
|------------------------------------------------------- |  | -----------

|NET OTHER ASSETS - (3.3)% |               | (17,002,505)
|------------------------- | ------------- | ------------
|NET ASSETS - 100%         | $	509,031,907

|Legend                                                                                                                                                                                                                                                                                                              
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(a)	Non-income producing                                                                                                                                                                                                                                                                                            
|(b)	Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is
the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent
quarter end is available upon request.
|(c)	Investment made with cash collateral received from securities on loan.                                                                                                                                                                                                                                          
|(d)	Security or a portion of the security is on loan at period end.                                                                                                                                                                                                                                                 
|Affiliated Central Funds                                                                                                                                                                                                                                                                                            
|Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:                                                                                                                                                                                       

|Fund                                          | Income earned
|--------------------------------------------- | -------------
|Fidelity Cash Central Fund                    | $	61,189     
|Fidelity Securities Lending Cash Central Fund | 205,167      
|Total                                         | $	266,356    

|Other Information                                                                                                                                                                                                                                                                                                                                                                                                                                 
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|The following is a summary of the inputs used, as of April 30, 2009, involving the Fund's assets carried at value. The inputs or
methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more
information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation
section at the end of this listing.

|Valuation Inputs at Reporting Date:
|-----------------------------------
|Description                        
|Investments in Securities          

|Income Tax Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|At April 30, 2009, the aggregate cost of investment securities for income tax purposes was $583,697,564. Net unrealized depreciation
aggregated $57,663,152, of which $72,741,508 related to appreciated investment securities and $130,404,660 related to depreciated
investment securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|Investment Valuation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of
trade date. The Fund uses independent pricing services approved by the Board of Trustees to value its investments.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price
or official closing price as reported by an independent pricing service on the primary market or exchange on which they are traded. In the
event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price. Debt
securities, including restricted securities, are valued by independent pricing services or by dealers who make markets in such securities.
Pricing services consider yield or price of bonds of comparable quality, coupon, maturity and type as well as available dealer supplied
prices. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business
day. Short-term securities with remaining maturities of sixty days or less for which quotations are not readily available are valued at
amortized cost, which approximates value.
|When current market prices or quotations are not readily available or reliable, valuations may be determined in good faith in accordance
with procedures adopted by the Board of Trustees. The frequency with which these procedures are used cannot be predicted and may be
utilized to a significant extent. The value of securities used for net asset value calculation under these procedures may differ from published
prices for the same securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|The Fund adopted the provisions of Statement of Financial Accounting Standards No. 157, Fair Value Measurements (SFAS 157), effective
with the beginning of the Fund's fiscal year. SFAS 157 establishes a hierarchy that prioritizes the inputs to valuation techniques giving the
highest priority to readily available unadjusted quoted prices in active markets for identical assets (level 1 measurements) and the lowest
priority to unobservable inputs (level 3 measurements) when market prices are not readily available or reliable. The three levels of the
hierarchy under SFAS 157 are described below:                                                                                                                                                                                                                                                                                                                                                                                                                                
|Level 1 - Quoted prices in active markets for identical securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|Level 2 - Prices determined using other significant observable inputs. Observable inputs are inputs that other market participants may use
in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Level 3 - Prices determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable
or deemed less relevant (for example, when there is little or no market activity for an investment at the end of the period), unobservable
inputs may be used. Unobservable inputs reflect the Fund's own assumptions about the factors market participants would use in pricing an
investment, and would be based on the best information available.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|Changes in valuation techniques may result in transfers in or out of an investment's assigned level within the hierarchy.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to
the Fund's most recent semiannual or annual shareholder report.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

Quarterly Report

|The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided
for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please
visit advisor.fidelity.com or call Fidelity at 1-877-208-0098 for a free copy of the fund's most recent prospectus and
annual report.
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service
marks are the property of FMR LLC or an affiliate.
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Quarterly Report

Quarterly Holdings Report

for

Fidelity Advisor Financial Services Fund
Class A
Class T
Class B
Class C
Institutional Class
April 30, 2009

`1.800326.105`

`AFFS-QTLY-0609`

# Investments April 30, 2009 (Unaudited)

Showing Percentage of Net Assets

|Common Stocks - 91.3%                                              
|-------------------------------------------------------------------
|                                                                   
|CAPITAL MARKETS - 25.5%                                            
|Asset Management & Custody Banks - 10.7%                           
|Bank Sarasin & Co. Ltd. Series B (Reg.)                            
|BlackRock, Inc. Class A                                            
|EFG International                                                  
|Franklin Resources, Inc.                                           
|GLG Partners, Inc.                                                 
|Janus Capital Group, Inc.                                          
|Julius Baer Holding Ltd.                                           
|KKR Private Equity Investors, LP Restricted Depositary Units (a)(e)
|Legg Mason, Inc.                                                   
|Och-Ziff Capital Management Group LLC Class A                      
|T. Rowe Price Group, Inc.                                          
|                                                                   
|Diversified Capital Markets - 5.1%                                 
|Deutsche Bank AG (NY Shares)                                       
|Investment Banking & Brokerage - 9.7%                              
|GFI Group, Inc.                                                    
|Goldman Sachs Group, Inc.                                          
|Lazard Ltd. Class A                                                
|MF Global Ltd. (a)                                                 
|Morgan Stanley                                                     
|                                                                   
|TOTAL CAPITAL MARKETS                                              
|COMMERCIAL BANKS - 14.7%                                           
|Diversified Banks - 2.4%                                           
|Wells Fargo & Co.                                                  
|Regional Banks - 12.3%                                             
|Bank of Hawaii Corp.                                               
|Cathay General Bancorp (d)                                         
|Glacier Bancorp, Inc.                                              
|Huntington Bancshares, Inc. (d)                                    
|KeyCorp                                                            
|PNC Financial Services Group, Inc.                                 
|Umpqua Holdings Corp. (d)                                          
|                                                                   
|TOTAL COMMERCIAL BANKS                                             
|CONSUMER FINANCE - 1.5%                                            
|Consumer Finance - 1.5%                                            
|Dollar Financial Corp. (a)                                         
|Promise Co. Ltd. (d)                                               
|                                                                   
|                                                                   
|                                                                   
|DIVERSIFIED FINANCIAL SERVICES - 20.3%                             
|Other Diversified Financial Services - 12.2%                       
|Bank of America Corp.                                              
|Citigroup, Inc. (d)                                                
|JPMorgan Chase & Co.                                               
|                                                                   
|Specialized Finance - 8.1%                                         
|BM&F BOVESPA SA                                                    
|CME Group, Inc.                                                    
|Deutsche Boerse AG                                                 
|IntercontinentalExchange, Inc. (a)                                 
|JSE Ltd.                                                           
|                                                                   
|TOTAL DIVERSIFIED FINANCIAL SERVICES                               
|INSURANCE - 17.0%                                                  
|Insurance Brokers - 0.1%                                           
|National Financial Partners Corp.                                  
|Life & Health Insurance - 7.6%                                     
|MetLife, Inc.                                                      
|Principal Financial Group, Inc.                                    
|Prudential Financial, Inc.                                         
|Unum Group                                                         
|                                                                   
|Multi-Line Insurance - 0.1%                                        
|Hartford Financial Services Group, Inc.                            
|Property & Casualty Insurance - 6.2%                               
|Fidelity National Financial, Inc. Class A                          
|MBIA, Inc. (a)(d)                                                  
|The First American Corp.                                           
|United America Indemnity Ltd.
Class A (a)                          
|XL Capital Ltd. Class A                                            
|                                                                   
|Reinsurance - 3.0%                                                 
|Everest Re Group Ltd.                                              
|Transatlantic Holdings, Inc.                                       
|Validus Holdings Ltd.                                              
|                                                                   
|TOTAL INSURANCE                                                    
|INTERNET SOFTWARE & SERVICES - 2.4%                                
|Internet Software & Services - 2.4%                                
|China Finance Online Co. Ltd. ADR (a)(d)                           
|IT SERVICES - 2.1%                                                 
|Data Processing & Outsourced Services - 2.1%                       
|CyberSource Corp. (a)                                              
|MasterCard, Inc. Class A                                           
|Common Stocks - continued                                          
|                                                                   
|IT SERVICES - CONTINUED                                            
|Data Processing & Outsourced Services - continued                  
|MoneyGram International, Inc. (a)                                  
|Visa, Inc.                                                         
|                                                                   
|PROFESSIONAL SERVICES - 1.6%                                       
|Research & Consulting Services - 1.6%                              
|First Advantage Corp. Class A (a)                                  
|REAL ESTATE INVESTMENT TRUSTS - 0.6%                               
|Industrial REITs - 0.1%                                            
|ProLogis Trust                                                     
|Mortgage REITs - 0.0%                                              
|Chimera Investment Corp.                                           
|Residential REITs - 0.3%                                           
|UDR, Inc.                                                          
|Retail REITs - 0.2%                                                
|CBL & Associates Properties, Inc. (d)                              
|Developers Diversified Realty Corp.                                
|                                                                   
|TOTAL REAL ESTATE INVESTMENT TRUSTS                                
|REAL ESTATE MANAGEMENT & DEVELOPMENT - 2.8%                        
|Diversified Real Estate Activities - 0.4%                          
|Mitsubishi Estate Co. Ltd.                                         
|Real Estate Development - 2.4%                                     
|Central China Real Estate Ltd.                                     
|Xinyuan Real Estate Co. Ltd. ADR (a)                               
|                                                                   
|TOTAL REAL ESTATE MANAGEMENT & DEVELOPMENT                         
|ROAD & RAIL - 0.4%                                                 
|Trucking - 0.4%                                                    
|Dollar Thrifty Automotive Group, Inc. (a)(d)                       
|SOFTWARE - 2.3%                                                    
|Application Software - 2.3%                                        
|EPIQ Systems, Inc. (a)                                             
|SPECIALTY RETAIL - 0.1%                                            
|Home Improvement Retail - 0.1%                                     
|Home Depot, Inc.                                                   
|                                                                   
|                                                                   
|THRIFTS & MORTGAGE FINANCE - 0.0%                                  
|Thrifts & Mortgage Finance - 0.0%                                  
|Washington Mutual, Inc.                                            
|TOTAL COMMON STOCKS
(Cost $107,523,517)                            
|Convertible Preferred Stocks - 0.9%                                
|                                                                   
|DIVERSIFIED FINANCIAL SERVICES - 0.9%                              
|Other Diversified Financial Services - 0.9%                        
|Citigroup, Inc. Series T, 6.50%
(Cost $1,068,705)                  
|Money Market Funds - 5.9%                                          
|                                                                   
|Fidelity Cash Central Fund, 0.53% (b)                              
|Fidelity Securities Lending Cash Central Fund, 0.28% (b)(c)        
|TOTAL MONEY MARKET FUNDS
(Cost $7,250,716)                         

|TOTAL INVESTMENT PORTFOLIO - 98.1%
(Cost $115,842,938) |  | 120,825,213
|------------------------------------------------------ |  | -----------

|NET OTHER ASSETS - 1.9% |               | 2,319,749
|----------------------- | ------------- | ---------
|NET ASSETS - 100%       | $	123,144,962

|Legend                                                                                                                                                                                                                                                                                                              
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(a)	Non-income producing                                                                                                                                                                                                                                                                                            
|(b)	Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is
the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent
quarter end is available upon request.
|(c)	Investment made with cash collateral received from securities on loan.                                                                                                                                                                                                                                          
|(d)	Security or a portion of the security is on loan at period end.                                                                                                                                                                                                                                                 
|(e)	Security exempt from registration under 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from
registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $58,480 or
0.0% of net assets.             
|Affiliated Central Funds                                                                                                                                                                                                                                                                                            
|Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:                                                                                                                                                                                       

|Fund                                          | Income earned
|--------------------------------------------- | -------------
|Fidelity Cash Central Fund                    | $	79,749     
|Fidelity Securities Lending Cash Central Fund | 641,122      
|Total                                         | $	720,871    

|Other Information                                                                                                                                                                                                                                                                                                                                                                                                                                   
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|The following is a summary of the inputs used, as of April 30, 2009, involving the Fund's assets carried at value.  The inputs or
methodology used for valuing securities may not be an indication of the risk associated with investing in those securities.  For more
information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation
section at the end of this listing.

|Valuation Inputs at Reporting Date:
|-----------------------------------
|Description                        
|Investments in Securities          

|Income Tax Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|At April 30, 2009, the aggregate cost of investment securities for income tax purposes was $138,206,768. Net unrealized depreciation
aggregated $17,381,555, of which $16,408,021 related to appreciated investment securities and $33,789,576 related to depreciated
investment securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Investment Valuation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of
trade date. The Fund uses independent pricing services approved by the Board of Trustees to value its investments.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price
or official closing price as reported by an independent pricing service on the primary market or exchange on which they are traded. In the
event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price. Investments
in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day. Short-term
securities with remaining maturities of sixty days or less for which quotations are not readily available are valued at amortized cost, which
approximates value.
|When current market prices or quotations are not readily available or reliable, valuations may be determined in good faith in accordance
with procedures adopted by the Board of Trustees. The frequency with which these procedures are used cannot be predicted and may be
utilized to a significant extent. The value of securities used for net asset value calculation under these procedures may differ from published
prices for the same securities.                                                                                                                                                                                                                                                                                          
|The Fund adopted the provisions of Statement of Financial Accounting Standards No. 157, Fair Value Measurements (SFAS 157), effective
with the beginning of the Fund's fiscal year. SFAS 157 establishes a hierarchy that prioritizes the inputs to valuation techniques giving the
highest priority to readily available unadjusted quoted prices in active markets for identical assets (level 1 measurements) and the lowest
priority to unobservable inputs (level 3 measurements) when market prices are not readily available or reliable. The three levels of the
hierarchy under SFAS 157 are described below:                                                                                                                                
|Level 1 - Quoted prices in active markets for identical securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|Level 2 - Prices determined using other significant observable inputs. Observable inputs are inputs that other market participants may use
in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others.                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Level 3 - Prices determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable
or deemed less relevant (for example, when there is little or no market activity for an investment at the end of the period), unobservable
inputs may be used. Unobservable inputs reflect the Fund's own assumptions about the factors market participants would use in pricing an
investment, and would be based on the best information available.                                                                                                                                                                                                                                                       
|Changes in valuation techniques may result in transfers in or out of an investment's assigned level within the hierarchy.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to
the Fund's most recent semiannual or annual shareholder report.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

Quarterly Report

|The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided
for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please
visit advisor.fidelity.com or call Fidelity at 1-877-208-0098 for a free copy of the fund's most recent prospectus and
annual report.
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service
marks are the property of FMR LLC or an affiliate.
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Quarterly Report

Quarterly Holdings Report

for

Fidelity®Advisor Health Care Fund
Class A
Class T
Class B
Class C
Institutional Class
April 30, 2009

`1.800327.105`

`AFHC-QTLY-0609`

# Investments April 30, 2009 (Unaudited)

Showing Percentage of Net Assets

|Common Stocks - 98.6%                              
|---------------------------------------------------
|                                                   
|BIOTECHNOLOGY - 13.2%                              
|Biotechnology - 13.2%                              
|Alexion Pharmaceuticals, Inc. (a)                  
|Alnylam Pharmaceuticals, Inc. (a)                  
|Amgen, Inc. (a)                                    
|Biogen Idec, Inc. (a)                              
|BioMarin Pharmaceutical, Inc. (a)(d)               
|Cougar Biotechnology, Inc. (a)                     
|Genzyme Corp. (a)                                  
|Gilead Sciences, Inc. (a)                          
|GTx, Inc. (a)(d)                                   
|Momenta Pharmaceuticals, Inc. (a)                  
|Myriad Genetics, Inc. (a)                          
|ONYX Pharmaceuticals, Inc. (a)                     
|OSI Pharmaceuticals, Inc. (a)                      
|Theravance, Inc. (a)                               
|United Therapeutics Corp. (a)                      
|                                                   
|CHEMICALS - 0.8%                                   
|Fertilizers & Agricultural Chemicals - 0.8%        
|Monsanto Co.                                       
|DIVERSIFIED CONSUMER SERVICES - 0.4%               
|Specialized Consumer Services - 0.4%               
|Carriage Services, Inc. Class A (a)                
|Stewart Enterprises, Inc. Class A                  
|                                                   
|FOOD & STAPLES RETAILING - 1.1%                    
|Drug Retail - 1.1%                                 
|CVS Caremark Corp.                                 
|HEALTH CARE EQUIPMENT & SUPPLIES - 21.4%           
|Health Care Equipment - 17.4%                      
|Baxter International, Inc.                         
|Boston Scientific Corp. (a)                        
|C.R. Bard, Inc.                                    
|Conceptus, Inc. (a)                                
|Covidien Ltd.                                      
|Edwards Lifesciences Corp. (a)                     
|Electro-Optical Sciences, Inc. (a)                 
|Electro-Optical Sciences, Inc.:                    
|warrants 11/2/11 (a)(f)                            
|warrants 8/2/12 (a)(f)                             
|ev3, Inc. (a)                                      
|Kinetic Concepts, Inc. (a)                         
|Masimo Corp. (a)                                   
|Medtronic, Inc.                                    
|Micrus Endovascular Corp. (a)                      
|Nobel Biocare Holding AG (Switzerland)             
|NuVasive, Inc. (a)                                 
|Orthofix International NV (a)                      
|                                                   
|                                                   
|Quidel Corp. (a)                                   
|St. Jude Medical, Inc. (a)                         
|                                                   
|Health Care Supplies - 4.0%                        
|Align Technology, Inc. (a)                         
|Cooper Companies, Inc.                             
|InfuSystems Holdings, Inc. (a)                     
|InfuSystems Holdings, Inc. warrants 4/11/11 (a)    
|Inverness Medical Innovations, Inc. (a)            
|RTI Biologics, Inc. (a)                            
|                                                   
|TOTAL HEALTH CARE EQUIPMENT & SUPPLIES             
|HEALTH CARE PROVIDERS & SERVICES - 20.8%           
|Health Care Distributors & Services - 1.6%         
|Henry Schein, Inc. (a)                             
|Patterson Companies, Inc. (a)                      
|Profarma Distribuidora de Produtos Farmaceuticos SA
|                                                   
|Health Care Facilities - 2.4%                      
|Hanger Orthopedic Group, Inc. (a)                  
|Health Management Associates, Inc. Class A (a)     
|Sun Healthcare Group, Inc. (a)                     
|Universal Health Services, Inc. Class B            
|                                                   
|Health Care Services - 11.6%                       
|Express Scripts, Inc. (a)                          
|Fresenius Medical Care AG & Co. KGaA sponsored ADR 
|Genoptix, Inc. (a)                                 
|Health Grades, Inc. (a)                            
|Laboratory Corp. of America Holdings (a)           
|Medco Health Solutions, Inc. (a)                   
|                                                   
|Managed Health Care - 5.2%                         
|Health Net, Inc. (a)                               
|Humana, Inc. (a)                                   
|UnitedHealth Group, Inc.                           
|WellPoint, Inc. (a)                                
|                                                   
|TOTAL HEALTH CARE PROVIDERS & SERVICES             
|HEALTH CARE TECHNOLOGY - 2.1%                      
|Health Care Technology - 2.1%                      
|Allscripts-Misys Healthcare Solutions, Inc.        
|athenahealth, Inc. (a)(d)                          
|Common Stocks - continued                          
|                                                   
|HEALTH CARE TECHNOLOGY - CONTINUED                 
|Health Care Technology - continued                 
|Cerner Corp. (a)                                   
|MedAssets, Inc. (a)                                
|                                                   
|INTERNET SOFTWARE & SERVICES - 0.3%                
|Internet Software & Services - 0.3%                
|WebMD Health Corp. Class A (a)                     
|LIFE SCIENCES TOOLS & SERVICES - 10.5%             
|Life Sciences Tools & Services - 10.5%             
|AMAG Pharmaceuticals, Inc. (a)                     
|Bruker BioSciences Corp. (a)                       
|Illumina, Inc. (a)(d)                              
|Life Technologies Corp. (a)                        
|Millipore Corp. (a)                                
|QIAGEN NV (a)                                      
|Waters Corp. (a)                                   
|                                                   
|PHARMACEUTICALS - 28.0%                            
|Pharmaceuticals - 28.0%                            
|Abbott Laboratories                                
|Allergan, Inc.                                     
|Auxilium Pharmaceuticals, Inc. (a)                 
|Cadence Pharmaceuticals, Inc. (a)(d)               
|Johnson & Johnson                                  
|King Pharmaceuticals, Inc. (a)                     
|Medicines Co. (a)                                  
|Merck & Co., Inc.                                  
|Merck KGaA                                         
|Optimer Pharmaceuticals, Inc. (a)                  
|Pfizer, Inc.                                       
|Roche Holding AG (participation certificate)       
|Schering-Plough Corp.                              
|Teva Pharmaceutical Industries Ltd. sponsored ADR  
|Wyeth                                              
|XenoPort, Inc. (a)                                 
|                                                   
|TOTAL COMMON STOCKS
(Cost $349,695,895)            
|Convertible Preferred Stocks - 0.2%                
|                                                   
|PHARMACEUTICALS - 0.2%                             
|Pharmaceuticals - 0.2%                             
|Mylan, Inc. 6.50%
(Cost $610,071)                  

|Nonconvertible Bonds - 0.3%                                             
|------------------------------------------------------------------------
|                                                                        
|PHARMACEUTICALS - 0.3%                                                  
|Pharmaceuticals - 0.3%                                                  
|Elan Finance PLC/Elan Finance Corp. 5.2344% 11/15/11 (e)
(Cost $844,815)

|Money Market Funds - 2.6%                                  
|-----------------------------------------------------------
|                                                           
|Fidelity Cash Central Fund, 0.53% (b)                      
|Fidelity Securities Lending Cash Central Fund, 0.28% (b)(c)
|TOTAL MONEY MARKET FUNDS
(Cost $9,355,728)                 

|TOTAL INVESTMENT PORTFOLIO - 101.7%
(Cost $360,506,509) |  | 359,427,835
|------------------------------------------------------- |  | -----------

|NET OTHER ASSETS - (1.7)% |               | (6,022,730)
|------------------------- | ------------- | -----------
|NET ASSETS - 100%         | $	353,405,105

|Legend                                                                                                                                                                                                                                                                                                              
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(a)	Non-income producing                                                                                                                                                                                                                                                                                            
|(b)	Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is
the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent
quarter end is available upon request.
|(c)	Investment made with cash collateral received from securities on loan.                                                                                                                                                                                                                                          
|(d)	Security or a portion of the security is on loan at period end.                                                                                                                                                                                                                                                 
|(e)	The coupon rate shown on floating or adjustable rate securities represents the rate at period end.                                                                                                                                                                                                              
|(f)	Restricted securities - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the
period, the value of restricted securities (excluding 144A issues) amounted to $440,436 or 0.1% of net assets.                                                      
|Additional information on each holding is as follows:                                                                                                                                                                                                                                                               

|Security                                         | Acquisition Date | Acquisition Cost
|------------------------------------------------ | ---------------- | ----------------
|Electro-Optical Sciences, Inc.:
warrants 11/2/11 | 11/1/06          | $	6             
|warrants 8/2/12                                  | 8/1/07           | $	17            

|Affiliated Central Funds                                                                                                     
|-----------------------------------------------------------------------------------------------------------------------------
|Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

|Fund                                          | Income earned
|--------------------------------------------- | -------------
|Fidelity Cash Central Fund                    | $	71,329     
|Fidelity Securities Lending Cash Central Fund | 161,303      
|Total                                         | $	232,632    

|Other Information                                                                                                                                                                                                                                                                                                                                                                                                                                 
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|The following is a summary of the inputs used, as of April 30, 2009, involving the Fund's assets carried at value. The inputs or
methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more
information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation
section at the end of this listing.

|Valuation Inputs at Reporting Date:
|-----------------------------------
|Description                        
|Investments in Securities          

|Income Tax Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|At April 30, 2009, the aggregate cost of investment securities for income tax purposes was $369,584,292. Net unrealized depreciation
aggregated $10,156,457, of which $28,055,484 related to appreciated investment securities and $38,211,941 related to depreciated
investment securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Investment Valuation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of
trade date. The Fund uses independent pricing services approved by the Board of Trustees to value its investments.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price
or official closing price as reported by an independent pricing service on the primary market or exchange on which they are traded. In the
event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price. Debt
securities, including restricted securities, are valued by independent pricing services or by dealers who make markets in such securities.
Pricing services consider yield or price of bonds of comparable quality, coupon, maturity and type as well as available dealer supplied
prices. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business
day. Short-term securities with remaining maturities of sixty days or less for which quotations are not readily available are valued at
amortized cost, which approximates value.
|When current market prices or quotations are not readily available or reliable, valuations may be determined in good faith in accordance
with procedures adopted by the Board of Trustees. The frequency with which these procedures are used cannot be predicted and may be
utilized to a significant extent. The value of securities used for net asset value calculation under these procedures may differ from published
prices for the same securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|The Fund adopted the provisions of Statement of Financial Accounting Standards No. 157, Fair Value Measurements (SFAS 157), effective
with the beginning of the Fund's fiscal year. SFAS 157 establishes a hierarchy that prioritizes the inputs to valuation techniques giving the
highest priority to readily available unadjusted quoted prices in active markets for identical assets (level 1 measurements) and the lowest
priority to unobservable inputs (level 3 measurements) when market prices are not readily available or reliable. The three levels of the
hierarchy under SFAS 157 are described below:                                                                                                                                                                                                                                                                                                                                                                                                                                
|Level 1 - Quoted prices in active markets for identical securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|Level 2 - Prices determined using other significant observable inputs. Observable inputs are inputs that other market participants may use
in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Level 3 - Prices determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable
or deemed less relevant (for example, when there is little or no market activity for an investment at the end of the period), unobservable
inputs may be used. Unobservable inputs reflect the Fund's own assumptions about the factors market participants would use in pricing an
investment, and would be based on the best information available.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|Changes in valuation techniques may result in transfers in or out of an investment's assigned level within the hierarchy.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to
the Fund's most recent semiannual or annual shareholder report.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

Quarterly Report

|The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided
for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please
visit advisor.fidelity.com or call Fidelity at 1-877-208-0098 for a free copy of the fund's most recent prospectus and
annual report.
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service
marks are the property of FMR LLC or an affiliate.
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Quarterly Report

Quarterly Holdings Report

for

Fidelity®Advisor Industrials Fund
Class A
Class T
Class B
Class C
Institutional Class
April 30, 2009

`1.800323.105`

`AFCY-QTLY-0609`

# Investments April 30, 2009 (Unaudited)

Showing Percentage of Net Assets

|Common Stocks - 98.3%                               
|----------------------------------------------------
|                                                    
|AEROSPACE & DEFENSE - 19.7%                         
|Aerospace & Defense - 19.7%                         
|Alliant Techsystems, Inc. (a)                       
|BE Aerospace, Inc. (a)                              
|Goodrich Corp.                                      
|Honeywell International, Inc.                       
|Lockheed Martin Corp.                               
|Precision Castparts Corp.                           
|Raytheon Co.                                        
|Stanley, Inc. (a)                                   
|United Technologies Corp.                           
|                                                    
|AIR FREIGHT & LOGISTICS - 5.8%                      
|Air Freight & Logistics - 5.8%                      
|C.H. Robinson Worldwide, Inc.                       
|FedEx Corp.                                         
|United Parcel Service, Inc. Class B                 
|UTI Worldwide, Inc.                                 
|                                                    
|AUTO COMPONENTS - 3.6%                              
|Auto Parts & Equipment - 1.4%                       
|Johnson Controls, Inc.                              
|Tires & Rubber - 2.2%                               
|The Goodyear Tire & Rubber Co. (a)                  
|TOTAL AUTO COMPONENTS                               
|BUILDING PRODUCTS - 2.3%                            
|Building Products - 2.3%                            
|Masco Corp.                                         
|Owens Corning (a)                                   
|                                                    
|CHEMICALS - 0.6%                                    
|Specialty Chemicals - 0.6%                          
|W.R. Grace & Co. (a)                                
|COMMERCIAL SERVICES & SUPPLIES - 2.1%               
|Commercial Printing - 0.3%                          
|R.R. Donnelley & Sons Co.                           
|Diversified Support Services - 0.7%                 
|Cintas Corp.                                        
|Environmental & Facility Services - 0.7%            
|Republic Services, Inc.                             
|Office Services & Supplies - 0.4%                   
|United Stationers, Inc. (a)                         
|TOTAL COMMERCIAL SERVICES & SUPPLIES                
|CONSTRUCTION & ENGINEERING - 0.3%                   
|Construction & Engineering - 0.3%                   
|Chicago Bridge & Iron Co. NV (NY Shares)            
|                                                    
|                                                    
|CONSTRUCTION MATERIALS - 0.1%                       
|Construction Materials - 0.1%                       
|Eagle Materials, Inc.                               
|DIVERSIFIED CONSUMER SERVICES - 0.5%                
|Specialized Consumer Services - 0.5%                
|Brinks Home Security Holdings, Inc. (a)             
|ELECTRICAL EQUIPMENT - 11.1%                        
|Electrical Components & Equipment - 11.1%           
|Acuity Brands, Inc.                                 
|AMETEK, Inc.                                        
|Cooper Industries Ltd. Class A                      
|Emerson Electric Co.                                
|Ener1, Inc. (a)(d)                                  
|Energy Conversion Devices, Inc. (a)(d)              
|Regal-Beloit Corp.                                  
|Rockwell Automation, Inc.                           
|Saft Groupe SA                                      
|                                                    
|ELECTRONIC EQUIPMENT & COMPONENTS - 0.4%            
|Electronic Equipment & Instruments - 0.4%           
|Itron, Inc. (a)                                     
|HOUSEHOLD DURABLES - 1.2%                           
|Homebuilding - 0.3%                                 
|Centex Corp.                                        
|Household Appliances - 0.9%                         
|Black & Decker Corp.                                
|TOTAL HOUSEHOLD DURABLES                            
|INDUSTRIAL CONGLOMERATES - 13.7%                    
|Industrial Conglomerates - 13.7%                    
|3M Co.                                              
|General Electric Co.                                
|Siemens AG sponsored ADR (d)                        
|Textron, Inc.                                       
|Tyco International Ltd.                             
|                                                    
|IT SERVICES - 0.2%                                  
|IT Consulting & Other Services - 0.2%               
|NCI, Inc. Class A (a)                               
|MACHINERY - 19.7%                                   
|Construction & Farm Machinery & Heavy Trucks - 11.3%
|Cummins, Inc.                                       
|Deere & Co.                                         
|Navistar International Corp. (a)                    
|PACCAR, Inc.                                        
|Toro Co. (d)                                        
|                                                    
|Common Stocks - continued                           
|                                                    
|MACHINERY - CONTINUED                               
|Industrial Machinery - 8.4%                         
|Briggs & Stratton Corp.                             
|Danaher Corp.                                       
|Graco, Inc.                                         
|Ingersoll-Rand Co. Ltd. Class A                     
|Parker Hannifin Corp.                               
|                                                    
|TOTAL MACHINERY                                     
|MARINE - 0.3%                                       
|Marine - 0.3%                                       
|Ultrapetrol (Bahamas) Ltd. (a)                      
|PAPER & FOREST PRODUCTS - 0.6%                      
|Forest Products - 0.6%                              
|Weyerhaeuser Co.                                    
|PROFESSIONAL SERVICES - 2.0%                        
|Human Resource & Employment Services - 1.2%         
|Manpower, Inc.                                      
|Research & Consulting Services - 0.8%               
|Equifax, Inc.                                       
|TOTAL PROFESSIONAL SERVICES                         
|ROAD & RAIL - 11.3%                                 
|Railroads - 7.6%                                    
|CSX Corp.                                           
|Genesee & Wyoming, Inc. Class A (a)                 
|Kansas City Southern (a)                            
|Norfolk Southern Corp.                              
|Union Pacific Corp.                                 
|                                                    
|Trucking - 3.7%                                     
|Con-way, Inc.                                       
|Heartland Express, Inc.                             
|Knight Transportation, Inc.                         
|Landstar System, Inc.                               
|Old Dominion Freight Lines, Inc. (a)                
|Ryder System, Inc.                                  
|                                                    
|TOTAL ROAD & RAIL                                   
|                                                    
|                                                    
|TRADING COMPANIES & DISTRIBUTORS - 2.5%             
|Trading Companies & Distributors - 2.5%             
|Interline Brands, Inc. (a)                          
|Rush Enterprises, Inc. Class A (a)                  
|WESCO International, Inc. (a)                       
|                                                    
|TRANSPORTATION INFRASTRUCTURE - 0.3%                
|Marine Ports & Services - 0.3%                      
|Aegean Marine Petroleum Network, Inc.               
|TOTAL COMMON STOCKS
(Cost $243,958,807)             

|Nonconvertible Bonds - 0.0%                           
|------------------------------------------------------
|                                                      
|AIRLINES - 0.0%                                       
|Airlines - 0.0%                                       
|Delta Air Lines, Inc. 8.3% 12/15/29 (a)
(Cost $52,101)

|Money Market Funds - 5.2%                                  
|-----------------------------------------------------------
|                                                           
|Fidelity Cash Central Fund, 0.53% (b)                      
|Fidelity Securities Lending Cash Central Fund, 0.28% (b)(c)
|TOTAL MONEY MARKET FUNDS
(Cost $11,538,772)                

|TOTAL INVESTMENT PORTFOLIO - 103.5%
(Cost $255,549,680) |  | 231,939,361
|------------------------------------------------------- |  | -----------

|NET OTHER ASSETS - (3.5)% |               | (7,770,233)
|------------------------- | ------------- | -----------
|NET ASSETS - 100%         | $	224,169,128

|Legend                                                                                                                                                                                                                                                                                                              
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(a)	Non-income producing                                                                                                                                                                                                                                                                                            
|(b)	Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is
the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent
quarter end is available upon request.
|(c)	Investment made with cash collateral received from securities on loan.                                                                                                                                                                                                                                          
|(d)	Security or a portion of the security is on loan at period end.                                                                                                                                                                                                                                                 
|Affiliated Central Funds                                                                                                                                                                                                                                                                                            
|Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:                                                                                                                                                                                       

|Fund                                          | Income earned
|--------------------------------------------- | -------------
|Fidelity Cash Central Fund                    | $	84,747     
|Fidelity Securities Lending Cash Central Fund | 146,499      
|Total                                         | $	231,246    

|Other Information                                                                                                                                                                                                                                                                                                                                                                                                                                  
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|The following is a summary of the inputs used, as of April 30, 2009, involving the Fund's assets carried at value. The inputs or
methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more
information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation
section at the end of this listing.

|Valuation Inputs at Reporting Date:
|-----------------------------------
|Description                        
|Investments in Securities          

|The following is a reconciliation of assets for which Level 3 inputs were used in determining value:
|----------------------------------------------------------------------------------------------------

|                             | Investments in Securities
|---------------------------- | -------------------------
|Beginning Balance            | $	33,625                 
|Total Realized Gain (Loss)   | -                        
|Total Unrealized Gain (Loss) | 18,924                   
|Cost of Purchases            | -                        
|Proceeds of Sales            | (25,649)                 
|Amortization/Accretion       | -                        
|Transfer in/out of Level 3   | -                        
|Ending Balance               | $	26,900                 

|The information used in the above reconciliation represents fiscal year to date activity for any Investment Securities identified as using Level
3 inputs at either the beginning or the end of the current fiscal period. Transfers in or out of Level 3 represents either the beginning value
(for transfers in), or the ending value (for transfers out) of any Security or Instrument where a change in the pricing level occurred from the
beginning to the end of the period.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Income Tax Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|At April 30, 2009, the aggregate cost of investment securities for income tax purposes was $263,390,541. Net unrealized depreciation
aggregated $31,451,180, of which $17,463,838 related to appreciated investment securities and $48,915,018 related to depreciated
investment securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Investment Valuation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of
trade date. The Fund uses independent pricing services approved by the Board of Trustees to value its investments.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price
or official closing price as reported by an independent pricing service on the primary market or exchange on which they are traded. In the
event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price. Debt
securities, including restricted securities, are valued by independent pricing services or by dealers who make markets in such securities.
Pricing services consider yield or price of bonds of comparable quality, coupon, maturity and type as well as available dealer supplied
prices. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business
day. Short-term securities with remaining maturities of sixty days or less for which quotations are not readily available are valued at
amortized cost, which approximates value.
|When current market prices or quotations are not readily available or reliable, valuations may be determined in good faith in accordance
with procedures adopted by the Board of Trustees. The frequency with which these procedures are used cannot be predicted and may be
utilized to a significant extent. The value of securities used for net asset value calculation under these procedures may differ from published
prices for the same securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|The Fund adopted the provisions of Statement of Financial Accounting Standards No. 157, Fair Value Measurements (SFAS 157), effective
with the beginning of the Fund's fiscal year. SFAS 157 establishes a hierarchy that prioritizes the inputs to valuation techniques giving the
highest priority to readily available unadjusted quoted prices in active markets for identical assets (level 1 measurements) and the lowest
priority to unobservable inputs (level 3 measurements) when market prices are not readily available or reliable. The three levels of the
hierarchy under SFAS 157 are described below:                                                                                                                                                                                                                                                                                                                                                                                                                                
|Level 1 - Quoted prices in active markets for identical securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|Level 2 - Prices determined using other significant observable inputs. Observable inputs are inputs that other market participants may use
in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Level 3 - Prices determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable
or deemed less relevant (for example, when there is little or no market activity for an investment at the end of the period), unobservable
inputs may be used. Unobservable inputs reflect the Fund's own assumptions about the factors market participants would use in pricing an
investment, and would be based on the best information available.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|Changes in valuation techniques may result in transfers in or out of an investment's assigned level within the hierarchy.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to
the Fund's most recent semiannual or annual shareholder report.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

Quarterly Report

|The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided
for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please
visit advisor.fidelity.com or call Fidelity at 1-877-208-0098 for a free copy of the fund's most recent prospectus and
annual report.
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service
marks are the property of FMR LLC or an affiliate.
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Quarterly Report

Quarterly Holdings Report

for

Fidelity®Advisor Real Estate Fund
Class A
Class T
Class B
Class C
Institutional Class
April 30, 2009

`1.800329.105`

`ARE-QTLY-0609`

# Investments April 30, 2009 (Unaudited)

Showing Percentage of Net Assets

|Common Stocks - 96.5%                                      
|-----------------------------------------------------------
|                                                           
|HEALTH CARE PROVIDERS & SERVICES - 1.0%                    
|Health Care Facilities - 1.0%                              
|Capital Senior Living Corp. (a)                            
|Emeritus Corp. (a)(d)                                      
|TOTAL HEALTH CARE FACILITIES                               
|HOUSEHOLD DURABLES - 1.0%                                  
|Homebuilding - 1.0%                                        
|Centex Corp.                                               
|D.R. Horton, Inc.                                          
|Lennar Corp. Class A                                       
|Meritage Homes Corp. (a)                                   
|Pulte Homes, Inc.                                          
|TOTAL HOMEBUILDING                                         
|REAL ESTATE INVESTMENT TRUSTS - 91.0%                      
|REITs - Apartments - 14.6%                                 
|American Campus Communities, Inc.                          
|Apartment Investment & Management Co. Class A              
|AvalonBay Communities, Inc.                                
|Camden Property Trust (SBI)                                
|Equity Residential (SBI)                                   
|Home Properties, Inc.                                      
|UDR, Inc.                                                  
|TOTAL REITS - APARTMENTS                                   
|REITs - Factory Outlets - 0.8%                             
|Tanger Factory Outlet Centers, Inc.                        
|REITs - Health Care Facilities - 11.0%                     
|HCP, Inc.                                                  
|Healthcare Realty Trust, Inc.                              
|Omega Healthcare Investors, Inc.                           
|Ventas, Inc.                                               
|TOTAL REITS - HEALTH CARE FACILITIES                       
|REITs - Hotels - 5.8%                                      
|DiamondRock Hospitality Co.                                
|Common Stocks - continued                                  
|                                                           
|REAL ESTATE INVESTMENT TRUSTS - CONTINUED                  
|REITs - Hotels - continued                                 
|Host Hotels & Resorts, Inc.                                
|Sunstone Hotel Investors, Inc.                             
|TOTAL REITS - HOTELS                                       
|REITs - Industrial Buildings - 13.5%                       
|Duke Realty LP                                             
|ProLogis Trust                                             
|Public Storage                                             
|TOTAL REITS - INDUSTRIAL BUILDINGS                         
|REITs - Malls - 13.1%                                      
|CBL & Associates Properties, Inc. (d)                      
|Simon Property Group, Inc.                                 
|The Macerich Co. (d)                                       
|TOTAL REITS - MALLS                                        
|REITs - Management/Investment - 3.6%                       
|Digital Realty Trust, Inc. (d)                             
|REITs - Office Buildings - 15.0%                           
|Alexandria Real Estate Equities, Inc. (d)                  
|Boston Properties, Inc.                                    
|Brandywine Realty Trust (SBI)                              
|Corporate Office Properties Trust (SBI)                    
|Highwoods Properties, Inc. (SBI)                           
|Mack-Cali Realty Corp.                                     
|SL Green Realty Corp. (d)                                  
|TOTAL REITS - OFFICE BUILDINGS                             
|REITs - Shopping Centers - 13.6%                           
|Acadia Realty Trust (SBI)                                  
|Developers Diversified Realty Corp.                        
|Inland Real Estate Corp.                                   
|Kimco Realty Corp.                                         
|Ramco-Gershenson Properties Trust (SBI)                    
|Common Stocks - continued                                  
|                                                           
|REAL ESTATE INVESTMENT TRUSTS - CONTINUED                  
|REITs - Shopping Centers - continued                       
|Regency Centers Corp.                                      
|Vornado Realty Trust                                       
|TOTAL REITS - SHOPPING CENTERS                             
|TOTAL REAL ESTATE INVESTMENT TRUSTS                        
|REAL ESTATE MANAGEMENT & DEVELOPMENT - 3.5%                
|Real Estate Operating Companies - 2.1%                     
|Brookfield Properties Corp.                                
|Real Estate Services - 1.4%                                
|CB Richard Ellis Group, Inc. Class A (a)                   
|Jones Lang LaSalle, Inc.                                   
|TOTAL REAL ESTATE SERVICES                                 
|TOTAL REAL ESTATE MANAGEMENT & DEVELOPMENT                 
|TOTAL COMMON STOCKS
(Cost $200,245,442)                    
|Money Market Funds - 11.8%                                 
|                                                           
|Fidelity Cash Central Fund, 0.53% (b)                      
|Fidelity Securities Lending Cash Central Fund, 0.28% (b)(c)
|TOTAL MONEY MARKET FUNDS
(Cost $18,214,060)                
|TOTAL INVESTMENT PORTFOLIO - 108.3%
(Cost $218,459,502)    
|NET OTHER ASSETS - (8.3)%                                  
|NET ASSETS - 100%                                          

|Legend                                                                                                                                                                                                                                                                                                              
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(a)	Non-income producing                                                                                                                                                                                                                                                                                            
|(b)	Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is
the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent
quarter end is available upon request.
|(c)	Investment made with cash collateral received from securities on loan.                                                                                                                                                                                                                                          
|(d)	Security or a portion of the security is on loan at period end.                                                                                                                                                                                                                                                 
|Affiliated Central Funds                                                                                                                                                                                                                                                                                            
|Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:                                                                                                                                                                                       

|Fund                                          | Income earned
|--------------------------------------------- | -------------
|Fidelity Cash Central Fund                    | $	56,144     
|Fidelity Securities Lending Cash Central Fund | 152,070      
|Total                                         | $	208,214    

|Other Information                                                                                                                                                                                                                                                                                                                                                                                                                                 
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|The following is a summary of the inputs used, as of April 30, 2009, involving the Fund's assets carried at value. The inputs or
methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more
information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation
section at the end of this listing.

|Valuation Inputs at Reporting Date:
|-----------------------------------
|Description                        
|Investments in Securities          

|Income Tax Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|At April 30, 2009, the aggregate cost of investment securities for income tax purposes was $244,666,916. Net unrealized depreciation
aggregated $78,050,512, of which $10,050,367 related to appreciated investment securities and $88,100,879 related to depreciated
investment securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Investment Valuation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of
trade date. The Fund uses independent pricing services approved by the Board of Trustees to value its investments.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price
or official closing price as reported by an independent pricing service on the primary market or exchange on which they are traded. In the
event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price. Investments
in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day. Short-term
securities with remaining maturities of sixty days or less for which quotations are not readily available are valued at amortized cost, which
approximates value.
|When current market prices or quotations are not readily available or reliable, valuations may be determined in good faith in accordance
with procedures adopted by the Board of Trustees. The frequency with which these procedures are used cannot be predicted and may be
utilized to a significant extent. The value of securities used for net asset value calculation under these procedures may differ from published
prices for the same securities.                                                                                                                                                                                                                                                                                          
|The Fund adopted the provisions of Statement of Financial Accounting Standards No. 157, Fair Value Measurements (SFAS 157), effective
with the beginning of the Fund's fiscal year. SFAS 157 establishes a hierarchy that prioritizes the inputs to valuation techniques giving the
highest priority to readily available unadjusted quoted prices in active markets for identical assets (level 1 measurements) and the lowest
priority to unobservable inputs (level 3 measurements) when market prices are not readily available or reliable. The three levels of the
hierarchy under SFAS 157 are described below:                                                                                                                                
|Level 1 - Quoted prices in active markets for identical securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|Level 2 - Prices determined using other significant observable inputs. Observable inputs are inputs that other market participants may use
in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others.                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Level 3 - Prices determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable
or deemed less relevant (for example, when there is little or no market activity for an investment at the end of the period), unobservable
inputs may be used. Unobservable inputs reflect the Fund's own assumptions about the factors market participants would use in pricing an
investment, and would be based on the best information available.                                                                                                                                                                                                                                                       
|Changes in valuation techniques may result in transfers in or out of an investment's assigned level within the hierarchy.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to
the Fund's most recent semiannual or annual shareholder report.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

Quarterly Report

|The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided
for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please
visit advisor.fidelity.com or call Fidelity at 1-877-208-0098 for a free copy of the fund's most recent prospectus and
annual report.
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service
marks are the property of FMR LLC or an affiliate.
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Quarterly Report

Quarterly Holdings Report

for

Fidelity®Advisor Technology Fund
Class A
Class T
Class B
Class C
Institutional Class
April 30, 2009

`1.800330.105`

`AFTF-QTLY-0609`

# Investments April 30, 2009 (Unaudited)

Showing Percentage of Net Assets

|Common Stocks - 97.5%                                            
|-----------------------------------------------------------------
|                                                                 
|COMMUNICATIONS EQUIPMENT - 13.5%                                 
|Communications Equipment - 13.5%                                 
|ADC Telecommunications, Inc. (a)                                 
|Adtran, Inc.                                                     
|ADVA AG Optical Networking (a)                                   
|Alcatel-Lucent SA sponsored ADR (a)                              
|Aruba Networks, Inc. (a)                                         
|AudioCodes Ltd. (a)                                              
|Brocade Communications Systems, Inc. (a)                         
|Ciena Corp. (a)                                                  
|Cisco Systems, Inc. (a)                                          
|Cogo Group, Inc. (a)                                             
|CommScope, Inc. (a)                                              
|Comverse Technology, Inc. (a)                                    
|Delta Networks, Inc.                                             
|Emulex Corp. (a)                                                 
|F5 Networks, Inc. (a)                                            
|Infinera Corp. (a)(e)                                            
|Juniper Networks, Inc. (a)                                       
|Motorola, Inc.                                                   
|Nice Systems Ltd. sponsored ADR (a)                              
|Nokia Corp. sponsored ADR                                        
|OZ Optics Ltd. unit (a)(f)                                       
|Palm, Inc. (a)(e)                                                
|Powerwave Technologies, Inc. (a)                                 
|QUALCOMM, Inc.                                                   
|Research In Motion Ltd. (a)                                      
|Riverbed Technology, Inc. (a)                                    
|Sandvine Corp. (a)                                               
|Sandvine Corp. (U.K.) (a)                                        
|Sonus Networks, Inc. (a)                                         
|Starent Networks Corp. (a)                                       
|                                                                 
|COMPUTERS & PERIPHERALS - 16.3%                                  
|Computer Hardware - 13.8%                                        
|3PAR, Inc. (a)                                                   
|Apple, Inc. (a)                                                  
|Dell, Inc. (a)                                                   
|Hewlett-Packard Co.                                              
|NCR Corp. (a)                                                    
|Stratasys, Inc. (a)(e)                                           
|Sun Microsystems, Inc. (a)                                       
|Toshiba Corp.                                                    
|Wistron Corp.                                                    
|                                                                 
|Computer Storage & Peripherals - 2.5%                            
|Chicony Electronics Co. Ltd.                                     
|EMC Corp. (a)                                                    
|NetApp, Inc. (a)                                                 
|SanDisk Corp. (a)                                                
|Seagate Technology                                               
|                                                                 
|                                                                 
|SIMPLO Technology Co. Ltd.                                       
|Synaptics, Inc. (a)(e)                                           
|                                                                 
|TOTAL COMPUTERS & PERIPHERALS                                    
|CONSTRUCTION & ENGINEERING - 0.1%                                
|Construction & Engineering - 0.1%                                
|Dycom Industries, Inc. (a)                                       
|MasTec, Inc. (a)                                                 
|                                                                 
|DIVERSIFIED CONSUMER SERVICES - 0.0%                             
|Education Services - 0.0%                                        
|New Oriental Education & Technology Group, Inc. sponsored ADR (a)
|ELECTRICAL EQUIPMENT - 1.0%                                      
|Electrical Components & Equipment - 1.0%                         
|centrotherm photovoltaics AG (a)                                 
|Energy Conversion Devices, Inc. (a)(e)                           
|First Solar, Inc. (a)(e)                                         
|General Cable Corp. (a)                                          
|JA Solar Holdings Co. Ltd. ADR (a)                               
|Q-Cells SE (a)                                                   
|Roth & Rau AG                                                    
|Sunpower Corp. Class B (a)                                       
|Suntech Power Holdings Co. Ltd. sponsored ADR (a)(e)             
|Yingli Green Energy Holding Co. Ltd. ADR (a)(e)                  
|                                                                 
|ELECTRONIC EQUIPMENT & COMPONENTS - 6.3%                         
|Electronic Components - 1.2%                                     
|Amphenol Corp. Class A                                           
|AVX Corp.                                                        
|DTS, Inc. (a)                                                    
|Everlight Electronics Co. Ltd.                                   
|Tripod Technology Corp.                                          
|Unimicron Technology Corp.                                       
|Vishay Intertechnology, Inc. (a)                                 
|                                                                 
|Electronic Equipment & Instruments - 1.1%                        
|Agilent Technologies, Inc. (a)                                   
|China Security & Surveillance Technology, Inc. (a)(e)            
|Chroma ATE, Inc.                                                 
|Comverge, Inc. (a)                                               
|Coretronic Corp.                                                 
|FLIR Systems, Inc. (a)                                           
|National Instruments Corp.                                       
|                                                                 
|Common Stocks - continued                                        
|                                                                 
|ELECTRONIC EQUIPMENT & COMPONENTS - CONTINUED                    
|Electronic Manufacturing Services - 1.6%                         
|Flextronics International Ltd. (a)                               
|Jabil Circuit, Inc.                                              
|Ju Teng International Holdings Ltd.                              
|Molex, Inc.                                                      
|Multi-Fineline Electronix, Inc. (a)                              
|Trimble Navigation Ltd. (a)                                      
|Tyco Electronics Ltd.                                            
|                                                                 
|Technology Distributors - 2.4%                                   
|Arrow Electronics, Inc. (a)                                      
|Avnet, Inc. (a)                                                  
|Brightpoint, Inc. (a)                                            
|Digital China Holdings Ltd. (H Shares)                           
|Ingram Micro, Inc. Class A (a)                                   
|Inspur International Ltd. (a)                                    
|Synnex Technology International Corp.                            
|Tech Data Corp. (a)                                              
|WPG Holding Co. Ltd.                                             
|                                                                 
|TOTAL ELECTRONIC EQUIPMENT & COMPONENTS                          
|HEALTH CARE EQUIPMENT & SUPPLIES - 1.4%                          
|Health Care Equipment - 1.1%                                     
|China Medical Technologies, Inc. sponsored ADR (e)               
|Golden Meditech Co. Ltd. (a)                                     
|I-Flow Corp. (a)                                                 
|Mindray Medical International Ltd. sponsored ADR                 
|Mingyuan Medicare Development Co. Ltd. (e)                       
|                                                                 
|Health Care Supplies - 0.3%                                      
|Shandong Weigao Group Medical Polymer Co. Ltd. (H Shares)        
|TOTAL HEALTH CARE EQUIPMENT & SUPPLIES                           
|HEALTH CARE TECHNOLOGY - 0.0%                                    
|Health Care Technology - 0.0%                                    
|athenahealth, Inc. (a)                                           
|HOTELS, RESTAURANTS & LEISURE - 0.0%                             
|Hotels, Resorts & Cruise Lines - 0.0%                            
|Ctrip.com International Ltd. sponsored ADR                       
|HOUSEHOLD DURABLES - 0.0%                                        
|Consumer Electronics - 0.0%                                      
|TomTom Group BV (a)                                              
|                                                                 
|                                                                 
|INTERNET & CATALOG RETAIL - 1.1%                                 
|Internet Retail - 1.1%                                           
|Amazon.com, Inc. (a)                                             
|Expedia, Inc. (a)                                                
|Priceline.com, Inc. (a)(e)                                       
|                                                                 
|INTERNET SOFTWARE & SERVICES - 9.3%                              
|Internet Software & Services - 9.3%                              
|Akamai Technologies, Inc. (a)                                    
|Baidu.com, Inc. sponsored ADR (a)                                
|comScore, Inc. (a)                                               
|Constant Contact, Inc. (a)                                       
|DealerTrack Holdings, Inc. (a)                                   
|eBay, Inc. (a)                                                   
|Equinix, Inc. (a)                                                
|Google, Inc. Class A (sub. vtg.) (a)                             
|NetEase.com, Inc. sponsored ADR (a)                              
|Omniture, Inc. (a)                                               
|Rackspace Hosting, Inc.                                          
|SAVVIS, Inc.                                                     
|Sohu.com, Inc. (a)                                               
|Switch & Data Facilities Co., Inc. (a)                           
|Tencent Holdings Ltd.                                            
|VeriSign, Inc. (a)                                               
|Vocus, Inc. (a)                                                  
|Websense, Inc. (a)                                               
|Yahoo!, Inc. (a)                                                 
|                                                                 
|IT SERVICES - 2.7%                                               
|Data Processing & Outsourced Services - 2.2%                     
|CyberSource Corp. (a)                                            
|Lender Processing Services, Inc.                                 
|MasterCard, Inc. Class A                                         
|Visa, Inc.                                                       
|                                                                 
|IT Consulting & Other Services - 0.5%                            
|CACI International, Inc. Class A (a)                             
|China Information Security Technology, Inc. (a)                  
|Cognizant Technology Solutions Corp. Class A (a)                 
|SAIC, Inc. (a)                                                   
|Satyam Computer Services Ltd. sponsored ADR                      
|Yucheng Technologies Ltd. (a)                                    
|                                                                 
|TOTAL IT SERVICES                                                
|MACHINERY - 0.5%                                                 
|Industrial Machinery - 0.5%                                      
|China Fire & Security Group, Inc. (a)                            
|Common Stocks - continued                                        
|                                                                 
|MACHINERY - CONTINUED                                            
|Industrial Machinery - continued                                 
|Meyer Burger Technology AG (a)                                   
|Shin Zu Shing Co. Ltd.                                           
|                                                                 
|MEDIA - 1.0%                                                     
|Advertising - 0.8%                                               
|AirMedia Group, Inc. ADR (a)                                     
|Focus Media Holding Ltd. ADR (a)(e)                              
|VisionChina Media, Inc. ADR (a)                                  
|                                                                 
|Cable & Satellite - 0.2%                                         
|Virgin Media, Inc.                                               
|TOTAL MEDIA                                                      
|METALS & MINING - 0.0%                                           
|Diversified Metals & Mining - 0.0%                               
|Timminco Ltd. (a)                                                
|OFFICE ELECTRONICS - 0.1%                                        
|Office Electronics - 0.1%                                        
|Xerox Corp.                                                      
|PROFESSIONAL SERVICES - 0.0%                                     
|Research & Consulting Services - 0.0%                            
|IHS, Inc. Class A (a)                                            
|SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 24.7%                 
|Semiconductor Equipment - 7.9%                                   
|Aixtron AG                                                       
|Amkor Technology, Inc. (a)                                       
|Applied Materials, Inc.                                          
|ASM Pacific Technology Ltd.                                      
|ASML Holding NV (NY Shares)                                      
|Cymer, Inc. (a)                                                  
|FormFactor, Inc. (a)                                             
|Global Unichip Corp.                                             
|Inotera Memories, Inc. (a)                                       
|Lam Research Corp. (a)                                           
|LTX-Credence Corp. (a)                                           
|MEMC Electronic Materials, Inc. (a)                              
|Photronics, Inc. (a)                                             
|Tessera Technologies, Inc. (a)                                   
|Varian Semiconductor Equipment Associates, Inc. (a)              
|Verigy Ltd. (a)                                                  
|                                                                 
|Semiconductors - 16.8%                                           
|Advanced Micro Devices, Inc. (a)                                 
|Advanced Semiconductor Engineering, Inc. sponsored ADR (e)       
|ANADIGICS, Inc. (a)                                              
|Analog Devices, Inc.                                             
|                                                                 
|                                                                 
|Applied Micro Circuits Corp. (a)                                 
|ARM Holdings PLC sponsored ADR                                   
|Atheros Communications, Inc. (a)                                 
|Atmel Corp. (a)                                                  
|Cavium Networks, Inc. (a)                                        
|Cree, Inc. (a)                                                   
|CSR PLC (a)(e)                                                   
|Cypress Semiconductor Corp. (a)                                  
|Diodes, Inc. (a)                                                 
|Elpida Memory, Inc. (a)(e)                                       
|Epistar Corp.                                                    
|Fairchild Semiconductor International, Inc. (a)                  
|Hynix Semiconductor, Inc. (a)                                    
|Infineon Technologies AG (a)                                     
|Integrated Device Technology, Inc. (a)                           
|Intel Corp.                                                      
|International Rectifier Corp. (a)                                
|Intersil Corp. Class A                                           
|Kinsus Interconnect Technology Corp.                             
|LSI Corp. (a)                                                    
|Marvell Technology Group Ltd. (a)                                
|MediaTek, Inc.                                                   
|Micron Technology, Inc. (a)                                      
|Monolithic Power Systems, Inc. (a)                               
|MoSys, Inc. (a)                                                  
|National Semiconductor Corp.                                     
|Netlogic Microsystems, Inc. (a)                                  
|NVIDIA Corp. (a)                                                 
|O2Micro International Ltd. sponsored ADR (a)                     
|Omnivision Technologies, Inc. (a)                                
|PMC-Sierra, Inc. (a)                                             
|Power Integrations, Inc.                                         
|Powertech Technology, Inc.                                       
|Radiant Opto-Electronics Corp.                                   
|RF Micro Devices, Inc. (a)                                       
|Samsung Electronics Co. Ltd.                                     
|Silicon Image, Inc. (a)                                          
|Silicon Laboratories, Inc. (a)(e)                                
|Siliconware Precision Industries Co. Ltd. sponsored ADR          
|SiRF Technology Holdings, Inc. (a)                               
|Skyworks Solutions, Inc. (a)                                     
|Standard Microsystems Corp. (a)                                  
|Supertex, Inc. (a)                                               
|TriQuint Semiconductor, Inc. (a)                                 
|Volterra Semiconductor Corp. (a)                                 
|                                                                 
|TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT                   
|Common Stocks - continued                                        
|                                                                 
|SOFTWARE - 18.2%                                                 
|Application Software - 7.3%                                      
|Adobe Systems, Inc. (a)                                          
|Amdocs Ltd. (a)                                                  
|Ansys, Inc. (a)                                                  
|Autodesk, Inc. (a)                                               
|Autonomy Corp. PLC (a)                                           
|Blackboard, Inc. (a)(e)                                          
|Cadence Design Systems, Inc. (a)                                 
|Callidus Software, Inc. (a)                                      
|Citrix Systems, Inc. (a)                                         
|Concur Technologies, Inc. (a)                                    
|Epicor Software Corp. (a)                                        
|Informatica Corp. (a)                                            
|JDA Software Group, Inc. (a)                                     
|Kingdee International Software Group Co. Ltd.                    
|Longtop Financial Technologies Ltd. ADR (a)                      
|Nuance Communications, Inc. (a)                                  
|Parametric Technology Corp. (a)                                  
|Salesforce.com, Inc. (a)                                         
|Smith Micro Software, Inc. (a)                                   
|SuccessFactors, Inc. (a)                                         
|Synchronoss Technologies, Inc. (a)                               
|Synopsys, Inc. (a)                                               
|Taleo Corp. Class A (a)                                          
|TIBCO Software, Inc. (a)                                         
|Ulticom, Inc.                                                    
|                                                                 
|Home Entertainment Software - 2.5%                               
|Activision Blizzard, Inc. (a)                                    
|Changyou.com Ltd. (A Shares) ADR                                 
|Electronic Arts, Inc. (a)                                        
|Kingsoft Corp. Ltd.                                              
|Nintendo Co. Ltd.                                                
|Perfect World Co. Ltd. sponsored ADR Class B (a)                 
|Take-Two Interactive Software, Inc.                              
|THQ, Inc. (a)                                                    
|                                                                 
|Systems Software - 8.4%                                          
|Ariba, Inc. (a)                                                  
|BMC Software, Inc. (a)                                           
|CA, Inc.                                                         
|Check Point Software Technologies Ltd. (a)                       
|CommVault Systems, Inc. (a)                                      
|Insyde Software Corp.                                            
|McAfee, Inc. (a)                                                 
|Microsoft Corp.                                                  
|Oracle Corp.                                                     
|Phoenix Technologies Ltd. (a)                                    
|                                                                 
|                                                                 
|Red Hat, Inc. (a)                                                
|Symantec Corp. (a)                                               
|VMware, Inc. Class A (a)                                         
|                                                                 
|TOTAL SOFTWARE                                                   
|WIRELESS TELECOMMUNICATION SERVICES - 1.3%                       
|Wireless Telecommunication Services - 1.3%                       
|American Tower Corp. Class A (a)                                 
|Crown Castle International Corp. (a)                             
|SBA Communications Corp. Class A (a)                             
|Sprint Nextel Corp. (a)                                          
|                                                                 
|TOTAL COMMON STOCKS
(Cost $428,540,121)                          

|Convertible Bonds - 1.3%                       
|-----------------------------------------------
|                                               
|COMMUNICATIONS EQUIPMENT - 0.2%                
|Communications Equipment - 0.2%                
|Ciena Corp. 0.25% 5/1/13                       
|SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 1.1%
|Semiconductors - 1.1%                          
|Advanced Micro Devices, Inc. 5.75% 8/15/12     
|Infineon Technologies Holding BV 5% 6/5/10     
|                                               
|TOTAL CONVERTIBLE BONDS
(Cost $7,494,023)      

|Money Market Funds - 2.5%                                                     
|------------------------------------------------------------------------------
|                                                                              
|Fidelity Securities Lending Cash Central Fund, 0.28% (b)(c)
(Cost $10,157,835)

|TOTAL INVESTMENT PORTFOLIO - 101.3%
(Cost $446,191,979) | 419,669,496
|------------------------------------------------------- | -----------

|NET OTHER ASSETS - (1.3)% | (5,286,316)  
|------------------------- | -------------
|NET ASSETS - 100%         | $	414,383,180

|Currency Abbreviation
|---------------------
|EUR                  

|Legend                                                                                                                                                                                                                                                                                                              
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(a)	Non-income producing                                                                                                                                                                                                                                                                                            
|(b)	Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is
the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent
quarter end is available upon request.
|(c)	Investment made with cash collateral received from securities on loan.                                                                                                                                                                                                                                          
|(d)	Principal amount is stated in United States dollars unless otherwise noted.                                                                                                                                                                                                                                     
|(e)	Security or a portion of the security is on loan at period end.                                                                                                                                                                                                                                                 
|(f)	Restricted securities - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the
period, the value of restricted securities (excluding 144A issues) amounted to $320,960 or 0.1% of net assets.                                                      
|Additional information on each holding is as follows:                                                                                                                                                                                                                                                               

|Security            | Acquisition Date | Acquisition Cost
|------------------- | ---------------- | ----------------
|OZ Optics Ltd. unit | 8/18/00          | $	1,003,680     

|Affiliated Central Funds                                                                                                     
|-----------------------------------------------------------------------------------------------------------------------------
|Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

|Fund                                          | Income earned
|--------------------------------------------- | -------------
|Fidelity Cash Central Fund                    | $	90,713     
|Fidelity Securities Lending Cash Central Fund | 761,381      
|Total                                         | $	852,094    

|Other Information                                                                                                                                                                                                                                                                                                                                                                                                                                  
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|The following is a summary of the inputs used, as of April 30, 2009, involving the Fund's assets carried at value. The inputs or
methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more
information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation
section at the end of this listing.

|Valuation Inputs at Reporting Date:
|-----------------------------------
|Description                        
|Investments in Securities          

|The following is a reconciliation of assets for which Level 3 inputs were used in determining value:
|----------------------------------------------------------------------------------------------------

|                             | Investments in Securities
|---------------------------- | -------------------------
|Beginning Balance            | $	821,100                
|Total Realized Gain (Loss)   | -                        
|Total Unrealized Gain (Loss) | (500,140)                
|Cost of Purchases            | -                        
|Proceeds of Sales            | -                        
|Amortization/Accretion       | -                        
|Transfer in/out of Level 3   | -                        
|Ending Balance               | $	320,960                

|The information used in the above reconciliation represents fiscal year to date activity for any Investment Securities identified as using Level
3 inputs at either the beginning or the end of the current fiscal period. Transfers in or out of Level 3 represents either the beginning value
(for transfers in), or the ending value (for transfers out) of any Security or Instrument where a change in the pricing level occurred from the
beginning to the end of the period.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Income Tax Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|At April 30, 2009, the aggregate cost of investment securities for income tax purposes was $452,915,760. Net unrealized depreciation
aggregated $33,246,264, of which $51,381,108 related to appreciated investment securities and $84,627,372 related to depreciated
investment securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Investment Valuation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of
trade date. The Fund uses independent pricing services approved by the Board of Trustees to value its investments.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price
or official closing price as reported by an independent pricing service on the primary market or exchange on which they are traded. In the
event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price. Debt
securities, including restricted securities, are valued by independent pricing services or by dealers who make markets in such securities.
Pricing services consider yield or price of bonds of comparable quality, coupon, maturity and type as well as available dealer supplied
prices. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business
day. Short-term securities with remaining maturities of sixty days or less for which quotations are not readily available are valued at
amortized cost, which approximates value.
|When current market prices or quotations are not readily available or reliable, valuations may be determined in good faith in accordance
with procedures adopted by the Board of Trustees. The frequency with which these procedures are used cannot be predicted and may be
utilized to a significant extent. The value of securities used for net asset value calculation under these procedures may differ from published
prices for the same securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|The Fund adopted the provisions of Statement of Financial Accounting Standards No. 157, Fair Value Measurements (SFAS 157), effective
with the beginning of the Fund's fiscal year. SFAS 157 establishes a hierarchy that prioritizes the inputs to valuation techniques giving the
highest priority to readily available unadjusted quoted prices in active markets for identical assets (level 1 measurements) and the lowest
priority to unobservable inputs (level 3 measurements) when market prices are not readily available or reliable. The three levels of the
hierarchy under SFAS 157 are described below:                                                                                                                                                                                                                                                                                                                                                                                                                                
|Level 1 - Quoted prices in active markets for identical securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|Level 2 - Prices determined using other significant observable inputs. Observable inputs are inputs that other market participants may use
in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Level 3 - Prices determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable
or deemed less relevant (for example, when there is little or no market activity for an investment at the end of the period), unobservable
inputs may be used. Unobservable inputs reflect the Fund's own assumptions about the factors market participants would use in pricing an
investment, and would be based on the best information available.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|Changes in valuation techniques may result in transfers in or out of an investment's assigned level within the hierarchy.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to
the Fund's most recent semiannual or annual shareholder report.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

Quarterly Report

|The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided
for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please
visit advisor.fidelity.com or call Fidelity at 1-877-208-0098 for a free copy of the fund's most recent prospectus and
annual report.
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service
marks are the property of FMR LLC or an affiliate.
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Advisor Utilities Fund
Class A
Class T
Class B
Class C
Institutional Class
April 30, 2009

`1.800331.105`

`AFUG-QTLY-0609`

# Investments April 30, 2009 (Unaudited)

Showing Percentage of Net Assets

|Common Stocks - 95.4%                                
|-----------------------------------------------------
|                                                     
|ELECTRIC UTILITIES - 50.9%                           
|Electric Utilities - 50.9%                           
|Allegheny Energy, Inc.                               
|American Electric Power Co., Inc.                    
|Entergy Corp.                                        
|Exelon Corp.                                         
|FirstEnergy Corp.                                    
|FPL Group, Inc.                                      
|NV Energy, Inc.                                      
|PPL Corp.                                            
|Westar Energy, Inc.                                  
|                                                     
|GAS UTILITIES - 3.3%                                 
|Gas Utilities - 3.3%                                 
|EQT Corp.                                            
|Questar Corp.                                        
|                                                     
|INDEPENDENT POWER PRODUCERS & ENERGY TRADERS - 10.6% 
|Independent Power Producers & Energy Traders - 10.6% 
|AES Corp. (a)                                        
|Black Hills Corp.                                    
|Calpine Corp. (a)                                    
|Constellation Energy Group, Inc.                     
|Dynegy, Inc. Class A (a)                             
|NRG Energy, Inc. (a)                                 
|Ormat Technologies, Inc.                             
|                                                     
|MULTI-UTILITIES - 29.6%                              
|Multi-Utilities - 29.6%                              
|CenterPoint Energy, Inc.                             
|                                                     
|                                                     
|CMS Energy Corp.                                     
|OGE Energy Corp.                                     
|PG&E Corp.                                           
|Public Service Enterprise Group, Inc.                
|Sempra Energy                                        
|TECO Energy, Inc.                                    
|                                                     
|OIL, GAS & CONSUMABLE FUELS - 1.0%                   
|Oil & Gas Storage & Transport - 1.0%                 
|Southern Union Co.                                   
|TOTAL COMMON STOCKS
(Cost $145,023,225)              
|Money Market Funds - 0.6%                            
|                                                     
|Fidelity Cash Central Fund, 0.53% (b)
(Cost $665,900)

|TOTAL INVESTMENT PORTFOLIO - 96.0%
(Cost $145,689,125) |  | 117,610,355
|------------------------------------------------------ |  | -----------

|NET OTHER ASSETS - 4.0% |               | 4,947,574
|----------------------- | ------------- | ---------
|NET ASSETS - 100%       | $	122,557,929

|Legend                                                                                                                                                                                                                                                                                                              
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(a)	Non-income producing                                                                                                                                                                                                                                                                                            
|(b)	Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is
the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent
quarter end is available upon request.
|Affiliated Central Funds                                                                                                                                                                                                                                                                                            
|Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:                                                                                                                                                                                       

|Fund                                          | Income earned
|--------------------------------------------- | -------------
|Fidelity Cash Central Fund                    | $	81,080     
|Fidelity Securities Lending Cash Central Fund | 21,538       
|Total                                         | $	102,618    

|Other Information                                                                                                                                                                                                                                                                                                                                                                                                                                 
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|The following is a summary of the inputs used, as of April 30, 2009, involving the Fund's assets carried at value. The inputs or
methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more
information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation
section at the end of this listing.

|Valuation Inputs at Reporting Date:
|-----------------------------------
|Description                        
|Investments in Securities          

|Income Tax Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|At April 30, 2009, the aggregate cost of investment securities for income tax purposes was $154,396,516. Net unrealized depreciation
aggregated $36,786,161, of which $2,084,940 related to appreciated investment securities and $38,871,101 related to depreciated
investment securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|Investment Valuation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of
trade date. The Fund uses independent pricing services approved by the Board of Trustees to value its investments.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price
or official closing price as reported by an independent pricing service on the primary market or exchange on which they are traded. In the
event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price. Investments
in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day. Short-term
securities with remaining maturities of sixty days or less for which quotations are not readily available are valued at amortized cost, which
approximates value.
|When current market prices or quotations are not readily available or reliable, valuations may be determined in good faith in accordance
with procedures adopted by the Board of Trustees. The frequency with which these procedures are used cannot be predicted and may be
utilized to a significant extent. The value of securities used for net asset value calculation under these procedures may differ from published
prices for the same securities.                                                                                                                                                                                                                                                                                          
|The Fund adopted the provisions of Statement of Financial Accounting Standards No. 157, Fair Value Measurements (SFAS 157), effective
with the beginning of the Fund's fiscal year. SFAS 157 establishes a hierarchy that prioritizes the inputs to valuation techniques giving the
highest priority to readily available unadjusted quoted prices in active markets for identical assets (level 1 measurements) and the lowest
priority to unobservable inputs (level 3 measurements) when market prices are not readily available or reliable. The three levels of the
hierarchy under SFAS 157 are described below:                                                                                                                                
|Level 1 - Quoted prices in active markets for identical securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|Level 2 - Prices determined using other significant observable inputs. Observable inputs are inputs that other market participants may use
in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others.                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Level 3 - Prices determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable
or deemed less relevant (for example, when there is little or no market activity for an investment at the end of the period), unobservable
inputs may be used. Unobservable inputs reflect the Fund's own assumptions about the factors market participants would use in pricing an
investment, and would be based on the best information available.                                                                                                                                                                                                                                                       
|Changes in valuation techniques may result in transfers in or out of an investment's assigned level within the hierarchy.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to
the Fund's most recent semiannual or annual shareholder report.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

Quarterly Report

|The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided
for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please
visit advisor.fidelity.com or call Fidelity at 1-877-208-0098 for a free copy of the fund's most recent prospectus and
annual report.
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service
marks are the property of FMR LLC or an affiliate.
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Quarterly Report

Item 2.		Controls and Procedures

(a)(i)  The President and Treasurer and the Chief Financial Officer have concluded that
the Fidelity Advisor Series VII's (the "Trust") disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date
within 90 days of the filing date of this report.

(a)(ii)  There was no change in the Trust's internal control over financial reporting (as
defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the
Trust's last fiscal quarter that has materially affected, or is reasonably likely to materially
affect, the Trust's internal control over financial reporting.

Item 3.		Exhibits

|Certification pursuant to Rule 30a-2(a) under the Investment Company
Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit
99.CERT.
|-------------------------------------------------------------------------------------------------------------------------------------------------------

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment
Company Act of 1940, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.

Fidelity Advisor Series VII

|By:   | /s/Kenneth B. Robins   
|----- | -----------------------
|      | Kenneth B. Robins      
|      | President and Treasurer
|      |                        
|Date: | June 29, 2009          

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment
Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

|By:   | /s/Kenneth B. Robins   
|----- | -----------------------
|      | Kenneth B. Robins      
|      | President and Treasurer
|      |                        
|Date: | June 29, 2009          

|By:   | /s/Christine Reynolds  
|----- | -----------------------
|      | Christine Reynolds     
|      | Chief Financial Officer
|      |                        
|Date: | June 29, 2009