Fidelity Investments has launched three new Fidelity Advisor funds. Steve Buller will manage the Fidelity Advisor International Real Estate Fund, Maxime Lemieux will manage the Fidelity Advisor Canada Fund, and Richard Thompson is the manager of the Fidelity Advisor Small Cap Independence Fund.

Fidelity Investments today announced the availability of three new Fidelity Advisor funds -- Fidelity Advisor International Real Estate, Fidelity Advisor Canada, and Fidelity Advisor Small Cap Independence funds -- providing financial advisors and their clients with greater diversification across asset classes and geographical areas.

Class A, T, B, C and Institutional shares will be offered through advisors at institutions such as brokerage firms, banks, and insurance companies. With the addition of these three funds, Fidelity now offers advisors and their clients access to a family of 99 Advisor funds. �Creating a well-diversified portfolio for clients is the primary goal of any successful financial advisor,� said Martha B. Willis, executive vice president, Fidelity Investments Institutional Services Company. �By investing in a range of asset classes and geographical areas, advisors can add significant value to a client�s portfolio by mitigating risk through diversification and focusing on long-term investment objectives.

�The addition of these three funds is another example of our commitment to providing advisors access to the vast investment management resources of Fidelity and to offering a broad and varied product line-up that can help advisors meet the unique investment needs of their clients,� continued Willis.

Fidelity Advisor International Real Estate Fund Fidelity Advisor International Real Estate Fund seeks capital appreciation and will invest primarily in non-U.S. securities, with at least 80% of fund assets in securities of companies principally engaged in the real estate industry and other real estate related investments. The fund will allocate investments across different countries and regions relative to the size of the international real estate securities market as a whole. Its benchmark is the MSCI EAFE Index and the performance benchmark (supplemental benchmark) is the EPRA/NAREIT Index.1 Steve Buller manages the Fidelity Advisor International Real Estate Fund. Buller joined Fidelity in 1992 and also currently manages Fidelity Real Estate Investment Portfolio, which he has managed since 1998. He also manages various institutional real estate accounts.

Fidelity Advisor Canada Fund seeks growth of capital over the long term and normally invests at least 80% of assets in securities of Canadian issuers and other investments that are economically tied to Canada. The fund may invest up to 35% of total assets in any industry that accounts for more than 20% of the Canadian market. The fund�s benchmark is the S&P/TSX Composite Index.2 Maxime Lemieux is the manager of Fidelity Advisor Canada Fund. He has managed Fidelity Canada Fund since November 2002. Since joining Fidelity in 1996, Lemieux has worked as a research analyst and manager. He also has managed a growth equity fund available exclusively to Canadian investors since 2000.

The MSCI EAFE Index is an unmanaged market capitalization-weighted index that is designed to represent the performance of developed stock markets outside the United States and Canada. The EPRA/NAREIT Index is a free float-adjusted market capitalization-weighted index of all eligible real estate stocks worldwide excluding North America.

2 The S&P/TSX Composite Index is a broad measure of the performance of the Canadian stock market in U.S. dollars. Fidelity Launches Three New Advisor Funds/Page 3

Fidelity Advisor Small Cap Independence Fund Fidelity Advisor Small Cap Independence Fund seeks capital appreciation and normally invests in domestic and foreign issuers. The fund invests at least 80% of total assets in securities of companies with small market capitalization (those with market capitalization similar to companies in the Russell 2000 Index and the S&P SmallCap 600 Index) and uses fundamental analysis to invest in either �growth� stocks, �value� stocks or both. The fund�s benchmark is the Russell 2000 Index.3 Richard Thompson is manager of Fidelity Advisor Small Cap Independence Fund.

He has managed Fidelity Small Cap Independence Fund since October 2005. Thompson joined Fidelity�s equity research department in 1996. From 2001 to 2003, he served as an analyst for Fidelity�s small-cap equity research team in Boston, and from 2003 to 2005 served as small-cap team leader and portfolio manager for Fidelity International Limited in London. About Fidelity Investments Institutional Services Fidelity Investments Institutional Services Company provides investment management services through investment professionals at financial institutions nationwide, including wirehouses, regional and independent broker/dealers, banks, trust companies and insurance companies. The company offers Fidelity Advisor Funds�, Variable Insurance Product (VIP) Portfolios, systematic investment plans, institutional money market funds and a comprehensive line of retirement products and services. Fidelity Investments Institutional Services Company�s total assets under management were $267.6 billion as of April 30, 2007. For more information, advisors may visit http://advisor.fidelity.com.

The Russell 2000 Index is an unmanaged market-capitalization index of 2,000 small company stocks. Fidelity Launches Three New Advisor Funds/Page 4

About Fidelity Investments Fidelity Investments is one of the world�s largest providers of financial services, with custodied assets of $3.1 trillion, including managed assets of more than $1.4 trillion as of April 30, 2007. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to more than 23 million individuals and institutions as well as through 5,500 financial intermediary firms. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, the largest mutual fund supermarket and a leading online brokerage firm. For more information about Fidelity Investments, visit www.fidelity.com.

Edited by: Erin Kello

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