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

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-6440

Fidelity Aberdeen Street Trust
(Exact name of registrant as specified in charter)

245 Summer St., Boston, Massachusetts 02210
(Address of principal executive offices) (Zip code)

Scott C. Goebel, Secretary

245 Summer St.

Boston, Massachusetts 02210
(Name and address of agent for service)

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

Date of fiscal year end:	March 31

Date of reporting period:	September 30, 2014

Item 1. Reports to Stockholders

Fidelity Advisor Freedom Funds®-

Income, 2005, 2010, 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050 - Class A, Class T, Class B and Class C

Fidelity Advisor Freedom Funds -
2055 and 2060 -

Class A, Class T and Class C

Semiannual Report

September 30, 2014

(Fidelity Cover Art)

Shareholder Expense Example

(Click Here)

An example of shareholder expenses.

Fidelity Advisor Freedom® Income Fund

(Click Here)

Investment Changes

Investments

Financial Statements

Fidelity Advisor Freedom 2005 Fund

(Click Here)

Investment Changes

Investments

Financial Statements

Fidelity Advisor Freedom 2010 Fund

(Click Here)

Investment Changes

Investments

Financial Statements

Fidelity Advisor Freedom 2015 Fund

(Click Here)

Investment Changes

Investments

Financial Statements

Fidelity Advisor Freedom 2020 Fund

(Click Here)

Investment Changes

Investments

Financial Statements

Fidelity Advisor Freedom 2025 Fund

(Click Here)

Investment Changes

Investments

Financial Statements

Fidelity Advisor Freedom 2030 Fund

(Click Here)

Investment Changes

Investments

Financial Statements

Fidelity Advisor Freedom 2035 Fund

(Click Here)

Investment Changes

Investments

Financial Statements

Fidelity Advisor Freedom 2040 Fund

(Click Here)

Investment Changes

Investments

Financial Statements

Fidelity Advisor Freedom 2045 Fund

(Click Here)

Investment Changes

Investments

Financial Statements

Fidelity Advisor Freedom 2050 Fund

(Click Here)

Investment Changes

Investments

Financial Statements

Fidelity Advisor Freedom 2055 Fund

(Click Here)

Investment Changes

Investments

Financial Statements

Fidelity Advisor Freedom 2060 Fund

(Click Here)

Investment Summary

Investments

Financial Statements

Notes

(Click Here)

Notes to the financial statements.

Board Approval of Investment Advisory Contracts and Management Fees

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Semiannual Report

To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov. You may also call 1-877-208-0098 to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

This report and the financial statements contained herein are submitted for the general information of the shareholders of the funds. This report is not authorized for distribution to prospective investors in the funds unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC's web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC's Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330. For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.advisor.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED • MAY LOSE VALUE • NO BANK GUARANTEE

Neither the funds nor Fidelity Distributors Corporation is a bank.

Semiannual Report

Shareholder Expense Example

As a shareholder of a Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments or redemption proceeds, and (2) ongoing costs, including distribution and/or service (12b-1) fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

The actual expense Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (April 1, 2014 to September 30, 2014), except for Advisor Freedom 2060. For Advisor Freedom 2060, the actual expense Example is based on an investment of $1,000 invested at the beginning of the period and held for the period August 5, 2014 to September 30, 2014. The hypothetical expense Example is based on an investment of $1,000 invested for the one-half year period (April 1, 2014 to September 30, 2014).

Actual Expenses

The first line of the accompanying table for each class of each fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a class of the fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. In addition, each Fund, as a shareholder in underlying Fidelity Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Funds. These fees and expenses are not included in each Fund's annualized expense ratio used to calculate the expense estimates in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table for each class of each fund provides information about hypothetical account values and hypothetical expenses based on a Class' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Class' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. In addition, each Fund, as a shareholder in underlying Fidelity Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Funds. These fees and expenses are not included in each Fund's annualized expense ratio used to calculate the expense estimates in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

	Annualized Expense Ratio ^B	Beginning Account Value	Ending Account Value September 30, 2014	Expenses Paid During Period
Advisor Freedom Income
Class A	.25%
Actual		$ 1,000.00	$ 1,013.20	$ 1.26*
Hypothetical^A		$ 1,000.00	$ 1,023.82	$ 1.27*
Class T	.50%
Actual		$ 1,000.00	$ 1,011.00	$ 2.52*
Hypothetical^A		$ 1,000.00	$ 1,022.56	$ 2.54*
Class B	1.00%
Actual		$ 1,000.00	$ 1,009.30	$ 5.04*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Class C	1.00%
Actual		$ 1,000.00	$ 1,009.40	$ 5.04*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,013.50	$ .00*
Hypothetical^A		$ 1,000.00	$ 1,025.07	$ .00*
	Annualized Expense Ratio ^B	Beginning Account Value	Ending Account Value September 30, 2014	Expenses Paid During Period
Advisor Freedom 2005
Class A	.25%
Actual		$ 1,000.00	$ 1,016.60	$ 1.26*
Hypothetical^A		$ 1,000.00	$ 1,023.82	$ 1.27*
Class T	.50%
Actual		$ 1,000.00	$ 1,015.10	$ 2.53*
Hypothetical^A		$ 1,000.00	$ 1,022.56	$ 2.54*
Class B	1.00%
Actual		$ 1,000.00	$ 1,012.00	$ 5.04*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Class C	1.00%
Actual		$ 1,000.00	$ 1,012.20	$ 5.04*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,017.10	$ .00*
Hypothetical^A		$ 1,000.00	$ 1,025.07	$ .00*
Advisor Freedom 2010
Class A	.25%
Actual		$ 1,000.00	$ 1,017.40	$ 1.26*
Hypothetical^A		$ 1,000.00	$ 1,023.82	$ 1.27*
Class T	.50%
Actual		$ 1,000.00	$ 1,016.70	$ 2.53*
Hypothetical^A		$ 1,000.00	$ 1,022.56	$ 2.54*
Class B	1.00%
Actual		$ 1,000.00	$ 1,014.30	$ 5.05*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Class C	1.00%
Actual		$ 1,000.00	$ 1,014.80	$ 5.05*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,019.50	$ .00*
Hypothetical^A		$ 1,000.00	$ 1,025.07	$ .00*
Advisor Freedom 2015
Class A	.25%
Actual		$ 1,000.00	$ 1,019.00	$ 1.27*
Hypothetical^A		$ 1,000.00	$ 1,023.82	$ 1.27*
Class T	.50%
Actual		$ 1,000.00	$ 1,017.60	$ 2.53*
Hypothetical^A		$ 1,000.00	$ 1,022.56	$ 2.54*
Class B	1.00%
Actual		$ 1,000.00	$ 1,016.00	$ 5.05*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Class C	1.00%
Actual		$ 1,000.00	$ 1,015.60	$ 5.05*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,020.30	$ .00*
Hypothetical^A		$ 1,000.00	$ 1,025.07	$ .00*
	Annualized Expense Ratio ^B	Beginning Account Value	Ending Account Value September 30, 2014	Expenses Paid During Period
Advisor Freedom 2020
Class A	.25%
Actual		$ 1,000.00	$ 1,020.20	$ 1.27*
Hypothetical^A		$ 1,000.00	$ 1,023.82	$ 1.27*
Class T	.50%
Actual		$ 1,000.00	$ 1,018.70	$ 2.53*
Hypothetical^A		$ 1,000.00	$ 1,022.56	$ 2.54*
Class B	1.00%
Actual		$ 1,000.00	$ 1,017.20	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Class C	1.00%
Actual		$ 1,000.00	$ 1,016.90	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,022.10	$ .00*
Hypothetical^A		$ 1,000.00	$ 1,025.07	$ .00*
Advisor Freedom 2025
Class A	.25%
Actual		$ 1,000.00	$ 1,021.70	$ 1.27*
Hypothetical^A		$ 1,000.00	$ 1,023.82	$ 1.27*
Class T	.50%
Actual		$ 1,000.00	$ 1,021.00	$ 2.53*
Hypothetical^A		$ 1,000.00	$ 1,022.56	$ 2.54*
Class B	1.00%
Actual		$ 1,000.00	$ 1,018.10	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Class C	1.00%
Actual		$ 1,000.00	$ 1,017.80	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,023.60	$ .00*
Hypothetical^A		$ 1,000.00	$ 1,025.07	$ .00*
Advisor Freedom 2030
Class A	.25%
Actual		$ 1,000.00	$ 1,022.80	$ 1.27*
Hypothetical^A		$ 1,000.00	$ 1,023.82	$ 1.27*
Class T	.50%
Actual		$ 1,000.00	$ 1,021.50	$ 2.53*
Hypothetical^A		$ 1,000.00	$ 1,022.56	$ 2.54*
Class B	1.00%
Actual		$ 1,000.00	$ 1,019.20	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Class C	1.00%
Actual		$ 1,000.00	$ 1,019.10	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,024.10	$ .00*
Hypothetical^A		$ 1,000.00	$ 1,025.07	$ .00*
	Annualized Expense Ratio ^B	Beginning Account Value	Ending Account Value September 30, 2014	Expenses Paid During Period
Advisor Freedom 2035
Class A	.25%
Actual		$ 1,000.00	$ 1,023.80	$ 1.27*
Hypothetical^A		$ 1,000.00	$ 1,023.82	$ 1.27*
Class T	.50%
Actual		$ 1,000.00	$ 1,022.50	$ 2.54*
Hypothetical^A		$ 1,000.00	$ 1,022.56	$ 2.54*
Class B	1.00%
Actual		$ 1,000.00	$ 1,020.00	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Class C	1.00%
Actual		$ 1,000.00	$ 1,020.10	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,025.00	$ .00*
Hypothetical^A		$ 1,000.00	$ 1,025.07	$ .00*
Advisor Freedom 2040
Class A	.25%
Actual		$ 1,000.00	$ 1,023.60	$ 1.27*
Hypothetical^A		$ 1,000.00	$ 1,023.82	$ 1.27*
Class T	.50%
Actual		$ 1,000.00	$ 1,022.40	$ 2.53*
Hypothetical^A		$ 1,000.00	$ 1,022.56	$ 2.54*
Class B	1.00%
Actual		$ 1,000.00	$ 1,020.30	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Class C	1.00%
Actual		$ 1,000.00	$ 1,020.00	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,024.80	$ .00*
Hypothetical^A		$ 1,000.00	$ 1,025.07	$ .00*
Advisor Freedom 2045
Class A	.25%
Actual		$ 1,000.00	$ 1,023.70	$ 1.27*
Hypothetical^A		$ 1,000.00	$ 1,023.82	$ 1.27*
Class T	.50%
Actual		$ 1,000.00	$ 1,022.30	$ 2.53*
Hypothetical^A		$ 1,000.00	$ 1,022.56	$ 2.54*
Class B	1.00%
Actual		$ 1,000.00	$ 1,020.00	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Class C	1.00%
Actual		$ 1,000.00	$ 1,019.40	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,025.10	$ .00*
Hypothetical^A		$ 1,000.00	$ 1,025.07	$ .00*
	Annualized Expense Ratio ^B	Beginning Account Value	Ending Account Value September 30, 2014	Expenses Paid During Period
Advisor Freedom 2050
Class A	.25%
Actual		$ 1,000.00	$ 1,024.20	$ 1.27*
Hypothetical^A		$ 1,000.00	$ 1,023.82	$ 1.27*
Class T	.50%
Actual		$ 1,000.00	$ 1,022.80	$ 2.54*
Hypothetical^A		$ 1,000.00	$ 1,022.56	$ 2.54*
Class B	1.00%
Actual		$ 1,000.00	$ 1,019.60	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Class C	1.00%
Actual		$ 1,000.00	$ 1,019.90	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,024.70	$ .00*
Hypothetical^A		$ 1,000.00	$ 1,025.07	$ .00*
Advisor Freedom 2055
Class A	.25%
Actual		$ 1,000.00	$ 1,024.10	$ 1.27*
Hypothetical^A		$ 1,000.00	$ 1,023.82	$ 1.27*
Class T	.50%
Actual		$ 1,000.00	$ 1,022.70	$ 2.54*
Hypothetical^A		$ 1,000.00	$ 1,022.56	$ 2.54*
Class C	1.00%
Actual		$ 1,000.00	$ 1,019.80	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,025.40	$ .00*
Hypothetical^A		$ 1,000.00	$ 1,025.07	$ .00*
Advisor Freedom 2060
Class A	.25%
Actual		$ 1,000.00	$ 1,009.00	$ .39 ^C
Hypothetical^A		$ 1,000.00	$ 1,023.82	$ 1.27 ^D
Class T	.50%
Actual		$ 1,000.00	$ 1,008.00	$ .78 ^C
Hypothetical^A		$ 1,000.00	$ 1,022.56	$ 2.54 ^D
Class C	1.00%
Actual		$ 1,000.00	$ 1,007.00	$ 1.57 ^C
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06 ^D
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,009.00	$ .00 ^C
Hypothetical^A		$ 1,000.00	$ 1,025.07	$ .00 ^D

^A 5% return per year before expenses

^B Annualized expense ratio reflects expenses net of applicable fee waivers.

^C Actual expenses are equal to the Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 57/365 (to reflect the period August 5, 2014 to September 30, 2014).

^D Hypothetical expenses are equal to the Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/365 (to reflect the one-half year period).

* Expenses are equal to the Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/ 365 (to reflect the one-half year period).

The fees and expenses of the underlying Fidelity Funds in which each Fund invests are not included in each Class' annualized expense ratio.

Semiannual Report

Fidelity Advisor Freedom Income Fund

Investment Changes (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of September 30, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Domestic Equity Funds
Fidelity Advisor Series Equity Growth Fund	1.5	0.0
Fidelity Advisor Series Equity-Income Fund	3.2	2.9
Fidelity Advisor Series Growth & Income Fund	2.2	2.3
Fidelity Advisor Series Growth Opportunities Fund	1.4	1.4
Fidelity Advisor Series Opportunistic Insights Fund	1.4	1.3
Fidelity Advisor Series Small Cap Fund	0.8	0.8
Fidelity Advisor Series Stock Selector Large Cap Value Fund	2.1	1.9
Fidelity Series 100 Index Fund	0.9	0.8
Fidelity Series 1000 Value Index Fund	0.3	0.3
Fidelity Series All-Sector Equity Fund	2.1	1.9
Fidelity Series Commodity Strategy Fund	1.0	1.1
Fidelity Series Real Estate Equity Fund	0.2	0.2
Fidelity Series Small Cap Opportunities Fund	1.0	1.0
Fidelity Advisor Equity Growth Fund Institutional Class	0.0	1.5
	18.1	17.4
International Equity Funds
Fidelity Series Emerging Markets Fund	1.8	1.5
Fidelity Series International Growth Fund	2.0	2.6
Fidelity Series International Small Cap Fund	0.4	0.6
Fidelity Series International Value Fund	2.4	2.5
	6.6	7.2
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.6	0.5
Fidelity Series Floating Rate High Income Fund	0.5	1.2
Fidelity Series High Income Fund	3.6	5.0
Fidelity Series Inflation-Protected Bond Index Fund	3.0	2.7
Fidelity Series Investment Grade Bond Fund	39.5	35.9
Fidelity Series Real Estate Income Fund	0.5	0.4
	47.7	45.7
Short-Term Funds
Fidelity Advisor Short Fixed-Income Fund Institutional Class	12.2	13.4
Fidelity Institutional Money Market Portfolio Institutional Class	15.4	16.3
	27.6	29.7
Net Other Assets (Liabilities)*	0.0	0.0
	100.0	100.0

* Amount represents less than 0.1%

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds**	18.1%
	International Equity Funds	6.6%
	Bond Funds	47.7%
	Short-Term Funds	27.6%

aff2353716

Six months ago
	Domestic Equity Funds**	17.4%
	International Equity Funds	7.2%
	Bond Funds	45.7%
	Short-Term Funds	29.7%

aff2353722

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Semiannual Report

Fidelity Advisor Freedom Income Fund

Investments September 30, 2014 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 18.1%
	Shares		Value
Fidelity Advisor Series Equity Growth Fund (c)	406,528		$ 4,219,763
Fidelity Advisor Series Equity-Income Fund (c)	673,008		8,789,491
Fidelity Advisor Series Growth & Income Fund (c)	446,564		6,006,292
Fidelity Advisor Series Growth Opportunities Fund (c)	355,887		3,928,998
Fidelity Advisor Series Opportunistic Insights Fund (c)	260,488		3,886,483
Fidelity Advisor Series Small Cap Fund (c)	205,057		2,169,502
Fidelity Advisor Series Stock Selector Large Cap Value Fund (c)	427,036		5,718,007
Fidelity Series 100 Index Fund (c)	188,864		2,474,117
Fidelity Series 1000 Value Index Fund (c)	80,103		897,151
Fidelity Series All-Sector Equity Fund (c)	386,824		5,763,672
Fidelity Series Commodity Strategy Fund (a)(c)	352,324		2,617,765
Fidelity Series Real Estate Equity Fund (c)	43,243		551,784
Fidelity Series Small Cap Opportunities Fund (c)	214,786		2,611,802
TOTAL DOMESTIC EQUITY FUNDS (Cost $41,462,372)		49,634,827
International Equity Funds - 6.6%

Fidelity Series Emerging Markets Fund (c)	271,532		4,844,132
Fidelity Series International Growth Fund (c)	382,449		5,342,808
Fidelity Series International Small Cap Fund (c)	79,334		1,220,159
Fidelity Series International Value Fund (c)	601,561		6,526,932
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $14,240,471)		17,934,031
Bond Funds - 47.7%
	Shares		Value
Fidelity Series Emerging Markets Debt Fund (c)	173,393		$ 1,775,542
Fidelity Series Floating Rate High Income Fund (c)	132,824		1,372,069
Fidelity Series High Income Fund (c)	964,325		9,855,402
Fidelity Series Inflation-Protected Bond Index Fund (c)	822,344		8,157,656
Fidelity Series Investment Grade Bond Fund (c)	9,535,159		108,224,051
Fidelity Series Real Estate Income Fund (c)	117,240		1,294,326
TOTAL BOND FUNDS (Cost $127,387,244)		130,679,046
Short-Term Funds - 27.6%

Fidelity Advisor Short Fixed-Income Fund Institutional Class (c)	3,553,971		33,229,627
Fidelity Institutional Money Market Portfolio Institutional Class 0.08% (b)(c)	42,248,473		42,248,473
TOTAL SHORT-TERM FUNDS (Cost $74,650,568)		75,478,100
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $257,740,655)			273,726,004
NET OTHER ASSETS (LIABILITIES) - 0.0%			(51,791)
NET ASSETS - 100%		$ 273,674,213

Legend

(a) Non-income producing

(b) The rate quoted is the annualized seven-day yield of the fund at period end.

Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Series Equity Growth Fund	$ -	$ 4,471,962	$ 406,084	$ -	$ 4,219,763
Fidelity Advisor Equity Growth Fund Institutional Class	4,369,329	127,833	4,563,281	-	-
Fidelity Advisor Series Equity-Income Fund	8,419,925	1,819,823	1,772,273	80,688	8,789,491
Fidelity Advisor Series Growth & Income Fund	6,522,670	735,051	1,408,755	52,867	6,006,292
Fidelity Advisor Series Growth Opportunities Fund	4,134,051	-	331,089	-	3,928,998
Fidelity Advisor Series Opportunistic Insights Fund	3,784,677	655,868	788,491	-	3,886,483
Fidelity Advisor Series Small Cap Fund	2,344,812	324,798	503,228	-	2,169,502
Fidelity Advisor Series Stock Selector Large Cap Value Fund	5,436,742	1,191,865	1,195,231	-	5,718,007
Fidelity Advisor Short Fixed-Income Fund Institutional Class	38,772,455	3,856,184	9,408,014	161,651	33,229,627
Fidelity Institutional Money Market Portfolio Institutional Class	47,424,506	4,413,615	9,589,648	19,152	42,248,473
Fidelity Series 100 Index Fund	2,426,817	402,319	524,632	-	2,474,117
Fidelity Series 1000 Value Index Fund	983,936	115,389	244,869	-	897,151
Fidelity Series All-Sector Equity Fund	5,512,223	1,174,852	1,205,528	-	5,763,672
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Series Commodity Strategy Fund	$ 3,108,298	$ 490,937	$ 605,884	$ -	$ 2,617,765
Fidelity Series Emerging Markets Debt Fund	1,361,591	711,385	292,538	48,308	1,775,542
Fidelity Series Emerging Markets Fund	4,459,691	697,245	483,807	-	4,844,132
Fidelity Series Floating Rate High Income Fund	3,386,915	286,281	2,277,232	62,901	1,372,069
Fidelity Series High Income Fund	14,699,403	1,092,243	5,536,600	339,677	9,855,402
Fidelity Series Inflation-Protected Bond Index Fund	8,029,494	1,383,485	1,306,733	6,900	8,157,656
Fidelity Series International Growth Fund	7,505,601	563,775	2,668,099	-	5,342,808
Fidelity Series International Small Cap Fund	1,747,432	129,386	581,634	-	1,220,159
Fidelity Series International Value Fund	7,276,232	566,012	1,158,746	-	6,526,932
Fidelity Series Investment Grade Bond Fund	104,097,064	19,777,394	16,467,963	1,342,788	108,224,051
Fidelity Series Real Estate Equity Fund	591,989	106,632	141,728	5,044	551,784
Fidelity Series Real Estate Income Fund	1,075,648	461,474	212,244	33,155	1,294,326
Fidelity Series Small Cap Opportunities Fund	2,782,159	725,144	599,854	3,008	2,611,802
Total	$ 290,253,660	$ 46,280,952	$ 64,274,185	$ 2,156,139	$ 273,726,004

Other Information

All investments are categorized as Level 1 under the Fair Value Hierarchy. 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, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fidelity Advisor Freedom Income Fund

Financial Statements

Statement of Assets and Liabilities

	September 30, 2014 (Unaudited)

Assets
Investment in securities, at value (cost $257,740,655) - See accompanying schedule		$ 273,726,004
Cash		16
Receivable for investments sold		335,978
Receivable for fund shares sold		297,821
Total assets		274,359,819

Liabilities
Payable for investments purchased	$ 70,734
Payable for fund shares redeemed	552,101
Distribution and service plan fees payable	62,771
Total liabilities		685,606

Net Assets		$ 273,674,213
Net Assets consist of:
Paid in capital		$ 254,768,985
Undistributed net investment income		300,076
Accumulated undistributed net realized gain (loss) on investments		2,619,803
Net unrealized appreciation (depreciation) on investments		15,985,349
Net Assets		$ 273,674,213
Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($134,071,059 ÷ 12,105,732 shares)		$ 11.08

Maximum offering price per share (100/94.25 of $11.08)		$ 11.76
Class T: Net Asset Value and redemption price per share ($48,015,968 ÷ 4,339,569 shares)		$ 11.06

Maximum offering price per share (100/96.50 of $11.06)		$ 11.46
Class B: Net Asset Value and offering price per share ($1,417,175 ÷ 128,133 shares)^A		$ 11.06

Class C: Net Asset Value and offering price per share ($15,318,113 ÷ 1,386,379 shares)^A		$ 11.05

Institutional Class: Net Asset Value, offering price and redemption price per share ($74,851,898 ÷ 6,740,573 shares)		$ 11.10

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

Six months ended September 30, 2014 (Unaudited)

Investment Income
Income distributions from underlying funds		$ 2,156,139

Expenses
Distribution and service plan fees	$ 388,161
Independent trustees' compensation	621
Total expenses before reductions	388,782
Expense reductions	(621)	388,161
Net investment income (loss)		1,767,978
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	2,621,563
Capital gain distributions from underlying funds	403,639
Total net realized gain (loss)		3,025,202
Change in net unrealized appreciation (depreciation) on underlying funds		(1,155,970)
Net gain (loss)		1,869,232
Net increase (decrease) in net assets resulting from operations		$ 3,637,210

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fund Name
Financial Statements - continued

Statement of Changes in Net Assets

	Six months ended September 30, 2014 (Unaudited)	Year ended March 31, 2014
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 1,767,978	$ 3,328,717
Net realized gain (loss)	3,025,202	9,533,291
Change in net unrealized appreciation (depreciation)	(1,155,970)	(2,199,958)
Net increase (decrease) in net assets resulting from operations	3,637,210	10,662,050
Distributions to shareholders from net investment income	(1,809,150)	(3,238,481)
Distributions to shareholders from net realized gain	(4,802,044)	(8,061,375)
Total distributions	(6,611,194)	(11,299,856)
Share transactions - net increase (decrease)	(13,537,851)	(36,661,667)
Total increase (decrease) in net assets	(16,511,835)	(37,299,473)

Net Assets
Beginning of period	290,186,048	327,485,521
End of period (including undistributed net investment income of $300,076 and undistributed net investment income of $341,248, respectively)	$ 273,674,213	$ 290,186,048

Financial Highlights - Class A

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.20	$ 11.21	$ 10.98	$ 10.85	$ 10.35	$ 8.74
Income from Investment Operations
Net investment income (loss) ^E	.07	.12	.12	.15	.16	.22
Net realized and unrealized gain (loss)	.08	.28	.37	.21	.57	1.66
Total from investment operations	.15	.40	.49	.36	.73	1.88
Distributions from net investment income	(.07)	(.12)	(.12)	(.15)	(.16)	(.22)
Distributions from net realized gain	(.19)	(.29)	(.14)	(.08)	(.07)	(.06)
Total distributions	(.27)^I	(.41)	(.26)	(.23)	(.23)	(.27)^H
Net asset value, end of period	$ 11.08	$ 11.20	$ 11.21	$ 10.98	$ 10.85	$ 10.35
Total Return^{B, C, D}	1.32%	3.65%	4.53%	3.34%	7.11%	21.74%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	.25%^A	.25%	.25%	.25%	.25%	.25%
Expenses net of fee waivers, if any	.25%^A	.25%	.25%	.25%	.25%	.25%
Expenses net of all reductions	.25%^A	.25%	.25%	.25%	.25%	.25%
Net investment income (loss)	1.29% ^A	1.10%	1.08%	1.37%	1.48%	2.19%
Supplemental Data
Net assets, end of period (000 omitted)	$ 134,071	$ 147,818	$ 176,876	$ 166,658	$ 157,695	$ 142,691
Portfolio turnover rate ^F	33%^A	36%	17%	24%	35%	31%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the sales charges.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

^H Total distributions of $.27 per share is comprised of distributions from net investment income of $.217 and distributions from net realized gain of $.056 per share.

^I Total distributions of $.27 per share is comprised of distributions from net investment income of $.074 and distributions from net realized gain of $.192 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Class T

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.19	$ 11.20	$ 10.96	$ 10.84	$ 10.34	$ 8.73
Income from Investment Operations
Net investment income (loss) ^E	.06	.09	.09	.12	.13	.19
Net realized and unrealized gain (loss)	.06	.28	.38	.20	.57	1.67
Total from investment operations	.12	.37	.47	.32	.70	1.86
Distributions from net investment income	(.06)	(.09)	(.09)	(.12)	(.13)	(.19)
Distributions from net realized gain	(.19)	(.29)	(.14)	(.08)	(.07)	(.06)
Total distributions	(.25)	(.38)	(.23)	(.20)	(.20)	(.25)^H
Net asset value, end of period	$ 11.06	$ 11.19	$ 11.20	$ 10.96	$ 10.84	$ 10.34
Total Return^{B, C, D}	1.10%	3.40%	4.35%	3.01%	6.85%	21.47%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	.50%^A	.50%	.50%	.50%	.50%	.50%
Expenses net of fee waivers, if any	.50%^A	.50%	.50%	.50%	.50%	.50%
Expenses net of all reductions	.50%^A	.50%	.50%	.50%	.50%	.50%
Net investment income (loss)	1.04% ^A	.85%	.83%	1.12%	1.23%	1.94%
Supplemental Data
Net assets, end of period (000 omitted)	$ 48,016	$ 53,019	$ 53,734	$ 56,246	$ 57,404	$ 52,047
Portfolio turnover rate ^F	33%^A	36%	17%	24%	35%	31%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the sales charges.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.25 per share is comprised of distributions from net investment income of $.193 and distributions from net realized gain of $.056 per share.

Financial Highlights - Class B

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.18	$ 11.19	$ 10.96	$ 10.84	$ 10.33	$ 8.72
Income from Investment Operations
Net investment income (loss)^E	.03	.04	.04	.07	.08	.14
Net realized and unrealized gain (loss)	.07	.28	.37	.19	.58	1.67
Total from investment operations	.10	.32	.41	.26	.66	1.81
Distributions from net investment income	(.03)	(.04)	(.04)	(.07)	(.08)	(.14)
Distributions from net realized gain	(.19)	(.29)	(.14)	(.08)	(.07)	(.06)
Total distributions	(.22)	(.33)	(.18)	(.14)^I	(.15)	(.20)^H
Net asset value, end of period	$ 11.06	$ 11.18	$ 11.19	$ 10.96	$ 10.84	$ 10.33
Total Return^{B, C, D}	.93%	2.86%	3.80%	2.47%	6.39%	20.86%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.54% ^A	.35%	.33%	.62%	.73%	1.44%
Supplemental Data
Net assets, end of period (000 omitted)	$ 1,417	$ 1,681	$ 2,294	$ 2,889	$ 3,938	$ 5,319
Portfolio turnover rate ^F	33%^A	36%	17%	24%	35%	31%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the contingent deferred sales charge.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.20 per share is comprised of distributions from net investment income of $.142 and distributions from net realized gain of $.056 per share.

^I Total distributions of $.14 per share is comprised of distributions from net investment income of $.065 and distributions from net realized gain of $.079 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Class C

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.17	$ 11.18	$ 10.96	$ 10.84	$ 10.33	$ 8.72
Income from Investment Operations
Net investment income (loss) ^E	.03	.04	.04	.07	.08	.14
Net realized and unrealized gain (loss)	.07	.28	.36	.20	.58	1.67
Total from investment operations	.10	.32	.40	.27	.66	1.81
Distributions from net investment income	(.03)	(.04)	(.04)	(.07)	(.08)	(.14)
Distributions from net realized gain	(.19)	(.29)	(.14)	(.08)	(.07)	(.06)
Total distributions	(.22)	(.33)	(.18)	(.15)	(.15)	(.20)^H
Net asset value, end of period	$ 11.05	$ 11.17	$ 11.18	$ 10.96	$ 10.84	$ 10.33
Total Return^{B, C, D}	.94%	2.89%	3.70%	2.50%	6.42%	20.83%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.54% ^A	.35%	.33%	.62%	.73%	1.44%
Supplemental Data
Net assets, end of period (000 omitted)	$ 15,318	$ 15,735	$ 16,606	$ 17,170	$ 16,581	$ 14,697
Portfolio turnover rate ^F	33% ^A	36%	17%	24%	35%	31%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the contingent deferred sales charge.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.20 per share is comprised of distributions from net investment income of $.140 and distributions from net realized gain of $.056 per share.

Financial Highlights - Institutional Class

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.23	$ 11.23	$ 11.00	$ 10.87	$ 10.37	$ 8.75
Income from Investment Operations
Net investment income (loss) ^D	.09	.15	.15	.18	.18	.24
Net realized and unrealized gain (loss)	.06	.29	.37	.20	.57	1.68
Total from investment operations	.15	.44	.52	.38	.75	1.92
Distributions from net investment income	(.09)	(.15)	(.14)	(.17)	(.19)	(.24)
Distributions from net realized gain	(.19)	(.29)	(.14)	(.08)	(.07)	(.06)
Total distributions	(.28)	(.44)	(.29)^J	(.25)	(.25)^I	(.30)^H
Net asset value, end of period	$ 11.10	$ 11.23	$ 11.23	$ 11.00	$ 10.87	$ 10.37
Total Return^{B, C}	1.35%	3.98%	4.75%	3.58%	7.36%	22.16%
Ratios to Average Net Assets^{E, G}
Expenses before reductions ^F	.00%^A	.00%	.00%	.00%	.00%	.00%
Expenses net of fee waivers, if any	.00%^A	.00%	.00%	.00%	.00%	.00%
Expenses net of all reductions	.00%^A	.00%	.00%	.00%	.00%	.00%
Net investment income (loss)	1.54% ^A	1.35%	1.33%	1.62%	1.73%	2.44%
Supplemental Data
Net assets, end of period (000 omitted)	$ 74,852	$ 71,933	$ 77,976	$ 60,248	$ 32,640	$ 18,137
Portfolio turnover rate ^E	33% ^A	36%	17%	24%	35%	31%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^E Amounts do not include the activity of the Underlying Funds.

^F Amount represents less than .01%.

^H Total distributions of $.30 per share is comprised of distributions from net investment income of $.243 and distributions from net realized gain of $.056 per share.

^I Total distributions of $.25 per share is comprised of distributions from net investment income of $.186 and distributions from net realized gain of $.067 per share.

^J Total distributions of $.29 per share is comprised of distributions from net investment income of $.144 and distributions from net realized gain of $.141 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fidelity Advisor Freedom 2005 Fund

Investment Changes (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of September 30, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Domestic Equity Funds
Fidelity Advisor Series Equity Growth Fund	2.6	0.0
Fidelity Advisor Series Equity-Income Fund	5.2	5.1
Fidelity Advisor Series Growth & Income Fund	3.6	3.5
Fidelity Advisor Series Growth Opportunities Fund	2.5	2.4
Fidelity Advisor Series Opportunistic Insights Fund	2.4	2.2
Fidelity Advisor Series Small Cap Fund	1.4	1.4
Fidelity Advisor Series Stock Selector Large Cap Value Fund	3.4	3.4
Fidelity Series 100 Index Fund	1.5	1.4
Fidelity Series 1000 Value Index Fund	0.6	0.6
Fidelity Series All-Sector Equity Fund	3.5	3.3
Fidelity Series Commodity Strategy Fund	1.0	1.2
Fidelity Series Real Estate Equity Fund	0.3	0.4
Fidelity Series Small Cap Opportunities Fund	1.6	1.6
Fidelity Advisor Equity Growth Fund Institutional Class	0.0	2.4
	29.6	28.9
International Equity Funds
Fidelity Series Emerging Markets Fund	2.9	2.5
Fidelity Series International Growth Fund	3.6	4.2
Fidelity Series International Small Cap Fund	0.8	1.0
Fidelity Series International Value Fund	3.9	4.3
	11.2	12.0
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.6	0.6
Fidelity Series Floating Rate High Income Fund	0.5	1.1
Fidelity Series High Income Fund	4.3	5.4
Fidelity Series Inflation-Protected Bond Index Fund	2.2	2.1
Fidelity Series Investment Grade Bond Fund	33.7	30.0
Fidelity Series Real Estate Income Fund	0.5	0.5
	41.8	39.7
Short-Term Funds
Fidelity Advisor Short Fixed-Income Fund Institutional Class	7.6	8.6
Fidelity Institutional Money Market Portfolio Institutional Class	9.8	10.8
	17.4	19.4
Net Other Assets (Liabilities)*	0.0	0.0
	100.0	100.0

* Amount represents less than 0.1%

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds**	29.6%
	International Equity Funds	11.2%
	Bond Funds	41.8%
	Short-Term Funds	17.4%

aff2353728

Six months ago
	Domestic Equity Funds**	28.9%
	International Equity Funds	12.0%
	Bond Funds	39.7%
	Short-Term Funds	19.4%

aff2353734

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Semiannual Report

Fidelity Advisor Freedom 2005 Fund

Investments September 30, 2014 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 29.6%
	Shares		Value
Fidelity Advisor Series Equity Growth Fund (c)	710,230		$ 7,372,185
Fidelity Advisor Series Equity-Income Fund (c)	1,110,798		14,507,023
Fidelity Advisor Series Growth & Income Fund (c)	750,953		10,100,324
Fidelity Advisor Series Growth Opportunities Fund (c)	635,033		7,010,765
Fidelity Advisor Series Opportunistic Insights Fund (c)	443,672		6,619,587
Fidelity Advisor Series Small Cap Fund (c)	358,086		3,788,552
Fidelity Advisor Series Stock Selector Large Cap Value Fund (c)	713,405		9,552,489
Fidelity Series 100 Index Fund (c)	327,801		4,294,195
Fidelity Series 1000 Value Index Fund (c)	143,292		1,604,871
Fidelity Series All-Sector Equity Fund (c)	649,874		9,683,121
Fidelity Series Commodity Strategy Fund (a)(c)	358,583		2,664,270
Fidelity Series Real Estate Equity Fund (c)	75,422		962,384
Fidelity Series Small Cap Opportunities Fund (c)	370,008		4,499,294
TOTAL DOMESTIC EQUITY FUNDS (Cost $69,626,151)		82,659,060
International Equity Funds - 11.2%

Fidelity Series Emerging Markets Fund (c)	456,325		8,140,829
Fidelity Series International Growth Fund (c)	706,687		9,872,423
Fidelity Series International Small Cap Fund (c)	146,639		2,255,305
Fidelity Series International Value Fund (c)	1,003,058		10,883,179
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $25,055,279)		31,151,736
Bond Funds - 41.8%
	Shares		Value
Fidelity Series Emerging Markets Debt Fund (c)	181,679		$ 1,860,398
Fidelity Series Floating Rate High Income Fund (c)	135,055		1,395,116
Fidelity Series High Income Fund (c)	1,165,608		11,912,517
Fidelity Series Inflation-Protected Bond Index Fund (c)	614,885		6,099,657
Fidelity Series Investment Grade Bond Fund (c)	8,286,930		94,056,660
Fidelity Series Real Estate Income Fund (c)	119,713		1,321,632
TOTAL BOND FUNDS (Cost $114,430,281)		116,645,980
Short-Term Funds - 17.4%

Fidelity Advisor Short Fixed-Income Fund Institutional Class (c)	2,282,657		21,342,845
Fidelity Institutional Money Market Portfolio Institutional Class 0.08% (b)(c)	27,220,711		27,220,711
TOTAL SHORT-TERM FUNDS (Cost $48,061,041)		48,563,556
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $257,172,752)			279,020,332
NET OTHER ASSETS (LIABILITIES) - 0.0%			(56,760)
NET ASSETS - 100%		$ 278,963,572

Legend

(a) Non-income producing

(b) The rate quoted is the annualized seven-day yield of the fund at period end.

Affiliated Underlying Funds

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Series Equity Growth Fund	$ -	$ 7,549,668	$ 454,194	$ -	$ 7,372,185
Fidelity Advisor Equity Growth Fund Institutional Class	7,198,520	287,481	7,615,391	-	-
Fidelity Advisor Series Equity-Income Fund	15,060,068	999,322	2,171,814	147,915	14,507,023
Fidelity Advisor Series Growth & Income Fund	10,394,081	730,529	1,292,143	86,606	10,100,324
Fidelity Advisor Series Growth Opportunities Fund	7,154,850	4	377,245	-	7,010,765
Fidelity Advisor Series Opportunistic Insights Fund	6,475,954	440,174	720,089	-	6,619,587
Fidelity Advisor Series Small Cap Fund	4,025,656	312,479	560,235	-	3,788,552
Fidelity Advisor Series Stock Selector Large Cap Value Fund	9,917,977	494,562	1,411,488	-	9,552,489
Fidelity Advisor Short Fixed-Income Fund Institutional Class	25,429,176	1,045,324	5,138,598	107,152	21,342,845
Fidelity Institutional Money Market Portfolio Institutional Class	31,651,439	1,136,992	5,567,719	12,894	27,220,711
Fidelity Series 100 Index Fund	4,201,227	299,112	517,487	-	4,294,195
Fidelity Series 1000 Value Index Fund	1,699,627	73,333	248,894	-	1,604,871
Fidelity Series All-Sector Equity Fund	9,724,154	610,207	1,169,955	-	9,683,121
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Series Commodity Strategy Fund	$ 3,577,803	$ 119,958	$ 656,456	$ -	$ 2,664,270
Fidelity Series Emerging Markets Debt Fund	1,717,539	334,881	195,774	52,266	1,860,398
Fidelity Series Emerging Markets Fund	7,322,048	1,068,925	506,920	-	8,140,829
Fidelity Series Floating Rate High Income Fund	3,394,235	143,619	2,117,861	62,585	1,395,116
Fidelity Series High Income Fund	15,928,232	863,874	4,419,942	382,498	11,912,517
Fidelity Series Inflation-Protected Bond Index Fund	6,140,401	587,355	669,757	5,296	6,099,657
Fidelity Series International Growth Fund	12,483,392	380,385	2,876,163	-	9,872,423
Fidelity Series International Small Cap Fund	2,870,780	85,229	573,196	-	2,255,305
Fidelity Series International Value Fund	12,658,344	382,470	1,896,346	-	10,883,179
Fidelity Series Investment Grade Bond Fund	88,333,757	13,394,842	8,355,497	1,168,292	94,056,660
Fidelity Series Real Estate Equity Fund	1,127,969	101,719	264,517	9,579	962,384
Fidelity Series Real Estate Income Fund	1,348,853	143,141	142,748	34,443	1,321,632
Fidelity Series Small Cap Opportunities Fund	4,765,222	834,614	586,305	5,357	4,499,294
Total	$ 294,601,304	$ 32,420,199	$ 50,506,734	$ 2,074,883	$ 279,020,332

Other Information

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fidelity Advisor Freedom 2005 Fund

Financial Statements

Statement of Assets and Liabilities

	September 30, 2014 (Unaudited)

Assets
Investment in securities, at value (cost $257,172,752) - See accompanying schedule		$ 279,020,332
Cash		81
Receivable for investments sold		667,690
Receivable for fund shares sold		245,457
Total assets		279,933,560

Liabilities
Payable for investments purchased	$ 249
Payable for fund shares redeemed	913,398
Distribution and service plan fees payable	56,341
Total liabilities		969,988

Net Assets		$ 278,963,572
Net Assets consist of:
Paid in capital		$ 251,506,004
Undistributed net investment income		1,728,407
Accumulated undistributed net realized gain (loss) on investments		3,881,581
Net unrealized appreciation (depreciation) on investments		21,847,580
Net Assets		$ 278,963,572
Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($175,733,741 ÷ 14,454,286 shares)		$ 12.16

Maximum offering price per share (100/94.25 of $12.16)		$ 12.90
Class T: Net Asset Value and redemption price per share ($27,852,202 ÷ 2,293,774 shares)		$ 12.14

Maximum offering price per share (100/96.50 of $12.14)		$ 12.58
Class B: Net Asset Value and offering price per share ($750,316 ÷ 61,696 shares)^A		$ 12.16

Class C: Net Asset Value and offering price per share ($7,782,683 ÷ 643,251 shares)^A		$ 12.10

Institutional Class: Net Asset Value, offering price and redemption price per share ($66,844,630 ÷ 5,460,483 shares)		$ 12.24

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

Six months ended September 30, 2014 (Unaudited)

Investment Income
Income distributions from underlying funds		$ 2,074,883

Expenses
Distribution and service plan fees	$ 345,225
Independent trustees' compensation	640
Total expenses before reductions	345,865
Expense reductions	(640)	345,225
Net investment income (loss)		1,729,658
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	3,700,007
Capital gain distributions from underlying funds	614,908
Total net realized gain (loss)		4,314,915
Change in net unrealized appreciation (depreciation) on underlying funds		(1,194,367)
Net gain (loss)		3,120,548
Net increase (decrease) in net assets resulting from operations		$ 4,850,206

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Statement of Changes in Net Assets

	Six months ended September 30, 2014 (Unaudited)	Year ended March 31, 2014
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 1,729,658	$ 3,366,990
Net realized gain (loss)	4,314,915	10,744,552
Change in net unrealized appreciation (depreciation)	(1,194,367)	3,546,846
Net increase (decrease) in net assets resulting from operations	4,850,206	17,658,388
Distributions to shareholders from net investment income	(774,602)	(3,050,354)
Distributions to shareholders from net realized gain	(4,234,055)	(7,700,556)
Total distributions	(5,008,657)	(10,750,910)
Share transactions - net increase (decrease)	(15,419,114)	(22,629,477)
Total increase (decrease) in net assets	(15,577,565)	(15,721,999)

Net Assets
Beginning of period	294,541,137	310,263,136
End of period (including undistributed net investment income of $1,728,407 and undistributed net investment income of $773,351, respectively)	$ 278,963,572	$ 294,541,137

Financial Highlights - Class A

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.17	$ 11.90	$ 11.45	$ 11.45	$ 10.57	$ 8.10
Income from Investment Operations
Net investment income (loss) ^E	.07	.13	.13	.15	.15	.20
Net realized and unrealized gain (loss)	.13	.57	.53	.13	.97	2.53
Total from investment operations	.20	.70	.66	.28	1.12	2.73
Distributions from net investment income	(.03)	(.12)	(.13)	(.15)	(.15)	(.19)
Distributions from net realized gain	(.18)	(.31)	(.07)	(.13)	(.09)	(.07)
Total distributions	(.21)	(.43)	(.21)^H	(.28)	(.24)	(.26)
Net asset value, end of period	$ 12.16	$ 12.17	$ 11.90	$ 11.45	$ 11.45	$ 10.57
Total Return^{B, C, D}	1.66%	5.98%	5.79%	2.53%	10.72%	33.91%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	.25%^A	.25%	.25%	.25%	.25%	.25%
Expenses net of fee waivers, if any	.25%^A	.25%	.25%	.25%	.25%	.25%
Expenses net of all reductions	.25%^A	.25%	.25%	.25%	.25%	.25%
Net investment income (loss)	1.18% ^A	1.10%	1.16%	1.37%	1.37%	2.01%
Supplemental Data
Net assets, end of period (000 omitted)	$ 175,734	$ 187,224	$ 204,418	$ 193,977	$ 177,385	$ 155,482
Portfolio turnover rate ^F	22%^A	49%	23%	28%	41%	35%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the sales charges.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.21 per share is comprised of distributions from net investment income of $.134 and distributions from net realized gain of $.071 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Class T

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.16	$ 11.90	$ 11.45	$ 11.45	$ 10.57	$ 8.10
Income from Investment Operations
Net investment income (loss) ^E	.06	.10	.11	.13	.12	.17
Net realized and unrealized gain (loss)	.12	.57	.52	.12	.97	2.54
Total from investment operations	.18	.67	.63	.25	1.09	2.71
Distributions from net investment income	(.02)	(.10)	(.11)	(.12)	(.12)	(.17)
Distributions from net realized gain	(.18)	(.31)	(.07)	(.13)	(.09)	(.07)
Total distributions	(.20)	(.41)	(.18)	(.25)	(.21)	(.24)
Net asset value, end of period	$ 12.14	$ 12.16	$ 11.90	$ 11.45	$ 11.45	$ 10.57
Total Return^{B, C, D}	1.51%	5.68%	5.56%	2.25%	10.42%	33.61%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	.50%^A	.50%	.50%	.50%	.50%	.50%
Expenses net of fee waivers, if any	.50%^A	.50%	.50%	.50%	.50%	.50%
Expenses net of all reductions	.50%^A	.50%	.50%	.50%	.50%	.50%
Net investment income (loss)	.93% ^A	.85%	.91%	1.12%	1.12%	1.76%
Supplemental Data
Net assets, end of period (000 omitted)	$ 27,852	$ 29,912	$ 26,201	$ 22,316	$ 21,658	$ 23,113
Portfolio turnover rate ^F	22%^A	49%	23%	28%	41%	35%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the sales charges.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

Financial Highlights - Class B

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.20	$ 11.93	$ 11.47	$ 11.45	$ 10.56	$ 8.09
Income from Investment Operations
Net investment income (loss) ^E	.03	.04	.05	.07	.07	.12
Net realized and unrealized gain (loss)	.12	.58	.52	.12	.97	2.53
Total from investment operations	.15	.62	.57	.19	1.04	2.65
Distributions from net investment income	(.01)	(.04)	(.04)	(.05)	(.07)	(.11)
Distributions from net realized gain	(.18)	(.31)	(.07)	(.12)	(.09)	(.07)
Total distributions	(.19)	(.35)	(.11)	(.17)	(.15)^H	(.18)
Net asset value, end of period	$ 12.16	$ 12.20	$ 11.93	$ 11.47	$ 11.45	$ 10.56
Total Return^{B, C, D}	1.20%	5.22%	5.00%	1.73%	9.94%	32.90%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.43% ^A	.35%	.41%	.62%	.62%	1.26%
Supplemental Data
Net assets, end of period (000 omitted)	$ 750	$ 1,059	$ 1,162	$ 1,571	$ 2,338	$ 2,986
Portfolio turnover rate ^F	22%^A	49%	23%	28%	41%	35%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the contingent deferred sales charge.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.15 per share is comprised of distributions from net investment income of $.065 and distributions from net realized gain of $.087 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Class C

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.14	$ 11.87	$ 11.42	$ 11.42	$ 10.54	$ 8.08
Income from Investment Operations
Net investment income (loss) ^E	.03	.04	.05	.07	.07	.12
Net realized and unrealized gain (loss)	.12	.58	.52	.11	.97	2.53
Total from investment operations	.15	.62	.57	.18	1.04	2.65
Distributions from net investment income	(.01)	(.04)	(.05)	(.07)	(.07)	(.12)
Distributions from net realized gain	(.18)	(.31)	(.07)	(.12)	(.09)	(.07)
Total distributions	(.19)	(.35)	(.12)	(.18)^H	(.16)	(.19)
Net asset value, end of period	$ 12.10	$ 12.14	$ 11.87	$ 11.42	$ 11.42	$ 10.54
Total Return^{B, C, D}	1.22%	5.28%	5.01%	1.66%	9.91%	32.90%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.43% ^A	.35%	.41%	.62%	.62%	1.26%
Supplemental Data
Net assets, end of period (000 omitted)	$ 7,783	$ 8,910	$ 8,118	$ 8,053	$ 8,679	$ 9,377
Portfolio turnover rate ^F	22%^A	49%	23%	28%	41%	35%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the contingent deferred sales charge.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.18 per share is comprised of distributions from net investment income of $.065 and distributions from net realized gain of $.115 per share.

Financial Highlights - Institutional Class

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.25	$ 11.97	$ 11.51	$ 11.52	$ 10.63	$ 8.14
Income from Investment Operations
Net investment income (loss) ^D	.09	.16	.16	.18	.18	.22
Net realized and unrealized gain (loss)	.12	.58	.53	.11	.98	2.55
Total from investment operations	.21	.74	.69	.29	1.16	2.77
Distributions from net investment income	(.04)	(.15)	(.16)	(.18)	(.18)	(.21)
Distributions from net realized gain	(.18)	(.31)	(.07)	(.13)	(.09)	(.07)
Total distributions	(.22)	(.46)	(.23)	(.30)^H	(.27)	(.28)
Net asset value, end of period	$ 12.24	$ 12.25	$ 11.97	$ 11.51	$ 11.52	$ 10.63
Total Return^{B, C}	1.71%	6.29%	6.11%	2.67%	11.02%	34.28%
Ratios to Average Net Assets^{E, G}
Expenses before reductions ^F	.00%^A	.00%	.00%	.00%	.00%	.00%
Expenses net of fee waivers, if any	.00%^A	.00%	.00%	.00%	.00%	.00%
Expenses net of all reductions	.00%^A	.00%	.00%	.00%	.00%	.00%
Net investment income (loss)	1.43% ^A	1.35%	1.41%	1.62%	1.62%	2.26%
Supplemental Data
Net assets, end of period (000 omitted)	$ 66,845	$ 67,435	$ 70,364	$ 46,935	$ 35,069	$ 18,775
Portfolio turnover rate ^E	22% ^A	49%	23%	28%	41%	35%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^E Amounts do not include the activity of the Underlying Funds.

^F Amount represents less than .01%.

^H Total distributions of $.30 per share is comprised of distributions from net investment income of $.175 and distributions from net realized gain of $.128 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fidelity Advisor Freedom 2010 Fund

Investment Changes (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of September 30, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Domestic Equity Funds
Fidelity Advisor Series Equity Growth Fund	3.2	0.0
Fidelity Advisor Series Equity-Income Fund	6.2	6.0
Fidelity Advisor Series Growth & Income Fund	4.6	4.7
Fidelity Advisor Series Growth Opportunities Fund	3.2	3.0
Fidelity Advisor Series Opportunistic Insights Fund	2.9	2.7
Fidelity Advisor Series Small Cap Fund	1.6	1.6
Fidelity Advisor Series Stock Selector Large Cap Value Fund	4.1	3.9
Fidelity Series 100 Index Fund	1.8	1.7
Fidelity Series 1000 Value Index Fund	0.7	0.7
Fidelity Series All-Sector Equity Fund	4.3	4.2
Fidelity Series Commodity Strategy Fund	1.0	1.2
Fidelity Series Real Estate Equity Fund	0.4	0.4
Fidelity Series Small Cap Opportunities Fund	1.9	2.0
Fidelity Advisor Equity Growth Fund Institutional Class	0.0	3.1
	35.9	35.2
International Equity Funds
Fidelity Series Emerging Markets Fund	3.7	3.0
Fidelity Series International Growth Fund	4.5	5.2
Fidelity Series International Small Cap Fund	1.0	1.2
Fidelity Series International Value Fund	4.8	5.3
	14.0	14.7
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.7	0.6
Fidelity Series Floating Rate High Income Fund	0.5	1.1
Fidelity Series High Income Fund	4.4	5.6
Fidelity Series Inflation-Protected Bond Index Fund	1.7	1.7
Fidelity Series Investment Grade Bond Fund	30.5	26.6
Fidelity Series Real Estate Income Fund	0.5	0.5
	38.3	36.1
Short-Term Funds
Fidelity Advisor Short Fixed-Income Fund Institutional Class	5.2	6.2
Fidelity Institutional Money Market Portfolio Institutional Class	6.6	7.8
	11.8	14.0
Net Other Assets (Liabilities)*	0.0	0.0
	100.0	100.0

* Amount represents less than 0.1%

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds**	35.9%
	International Equity Funds	14.0%
	Bond Funds	38.3%
	Short-Term Funds	11.8%

aff2353740

Six months ago
	Domestic Equity Funds**	35.2%
	International Equity Funds	14.7%
	Bond Funds	36.1%
	Short-Term Funds	14.0%

aff2353746

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Semiannual Report

Fidelity Advisor Freedom 2010 Fund

Investments September 30, 2014 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 35.9%
	Shares		Value
Fidelity Advisor Series Equity Growth Fund (c)	2,461,829		$ 25,553,786
Fidelity Advisor Series Equity-Income Fund (c)	3,767,100		49,198,331
Fidelity Advisor Series Growth & Income Fund (c)	2,712,304		36,480,495
Fidelity Advisor Series Growth Opportunities Fund (c)	2,249,569		24,835,243
Fidelity Advisor Series Opportunistic Insights Fund (c)	1,535,377		22,907,823
Fidelity Advisor Series Small Cap Fund (c)	1,168,114		12,358,650
Fidelity Advisor Series Stock Selector Large Cap Value Fund (c)	2,396,987		32,095,649
Fidelity Series 100 Index Fund (c)	1,092,248		14,308,453
Fidelity Series 1000 Value Index Fund (c)	487,636		5,461,526
Fidelity Series All-Sector Equity Fund (c)	2,251,425		33,546,237
Fidelity Series Commodity Strategy Fund (a)(c)	1,011,449		7,515,066
Fidelity Series Real Estate Equity Fund (c)	261,198		3,332,882
Fidelity Series Small Cap Opportunities Fund (c)	1,251,990		15,224,196
TOTAL DOMESTIC EQUITY FUNDS (Cost $235,493,965)		282,818,337
International Equity Funds - 14.0%

Fidelity Series Emerging Markets Fund (c)	1,624,414		28,979,546
Fidelity Series International Growth Fund (c)	2,520,817		35,215,811
Fidelity Series International Small Cap Fund (c)	523,119		8,045,566
Fidelity Series International Value Fund (c)	3,493,390		37,903,282
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $89,684,674)		110,144,205
Bond Funds - 38.3%
	Shares		Value
Fidelity Series Emerging Markets Debt Fund (c)	514,927		$ 5,272,852
Fidelity Series Floating Rate High Income Fund (c)	382,159		3,947,706
Fidelity Series High Income Fund (c)	3,444,886		35,206,735
Fidelity Series Inflation-Protected Bond Index Fund (c)	1,344,484		13,337,281
Fidelity Series Investment Grade Bond Fund (c)	21,223,671		240,888,661
Fidelity Series Real Estate Income Fund (c)	338,730		3,739,580
TOTAL BOND FUNDS (Cost $297,444,808)		302,392,815
Short-Term Funds - 11.8%

Fidelity Advisor Short Fixed-Income Fund Institutional Class (c)	4,367,383		40,835,036
Fidelity Institutional Money Market Portfolio Institutional Class 0.08% (b)(c)	52,544,156		52,544,156
TOTAL SHORT-TERM FUNDS (Cost $93,167,084)		93,379,192
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $715,790,531)			788,734,549
NET OTHER ASSETS (LIABILITIES) - 0.0%			(182,044)
NET ASSETS - 100%		$ 788,552,505

Legend

(a) Non-income producing

(b) The rate quoted is the annualized seven-day yield of the fund at period end.

Affiliated Underlying Funds

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Series Equity Growth Fund	$ -	$ 26,165,274	$ 1,589,547	$ -	$ 25,553,786
Fidelity Advisor Equity Growth Fund Institutional Class	26,651,508	47,165	27,119,578	-	-
Fidelity Advisor Series Equity-Income Fund	51,397,293	2,139,801	6,364,726	499,544	49,198,331
Fidelity Advisor Series Growth & Income Fund	40,679,760	1,452,528	6,681,778	336,855	36,480,495
Fidelity Advisor Series Growth Opportunities Fund	25,652,239	182	1,634,303	-	24,835,243
Fidelity Advisor Series Opportunistic Insights Fund	22,880,359	1,176,758	2,625,499	-	22,907,823
Fidelity Advisor Series Small Cap Fund	13,866,591	265,368	1,812,998	-	12,358,650
Fidelity Advisor Series Stock Selector Large Cap Value Fund	33,144,735	1,371,991	4,262,709	-	32,095,649
Fidelity Advisor Short Fixed-Income Fund Institutional Class	53,634,412	825,587	13,646,510	219,768	40,835,036
Fidelity Institutional Money Market Portfolio Institutional Class	67,008,658	806,645	15,271,146	26,547	52,544,156
Fidelity Series 100 Index Fund	14,856,796	293,213	1,910,182	-	14,308,453
Fidelity Series 1000 Value Index Fund	6,024,276	91,147	928,950	-	5,461,526
Fidelity Series All-Sector Equity Fund	36,412,220	544,539	5,286,241	-	33,546,237
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Series Commodity Strategy Fund	$ 10,317,190	$ 125,723	$ 1,863,681	$ -	$ 7,515,066
Fidelity Series Emerging Markets Debt Fund	4,955,256	912,176	605,142	148,450	5,272,852
Fidelity Series Emerging Markets Fund	25,946,811	3,828,316	1,680,892	-	28,979,546
Fidelity Series Floating Rate High Income Fund	9,579,900	400,192	5,963,013	173,073	3,947,706
Fidelity Series High Income Fund	48,328,406	1,873,512	13,591,979	1,151,872	35,206,735
Fidelity Series Inflation-Protected Bond Index Fund	14,761,732	394,699	1,939,569	12,333	13,337,281
Fidelity Series International Growth Fund	44,556,018	464,688	9,375,253	-	35,215,811
Fidelity Series International Small Cap Fund	10,384,441	104,661	1,991,632	-	8,045,566
Fidelity Series International Value Fund	45,093,645	464,619	6,735,023	-	37,903,282
Fidelity Series Investment Grade Bond Fund	228,793,251	33,308,098	22,976,554	2,968,327	240,888,661
Fidelity Series Real Estate Equity Fund	3,825,175	233,204	708,535	32,594	3,332,882
Fidelity Series Real Estate Income Fund	4,140,386	273,828	600,762	99,398	3,739,580
Fidelity Series Small Cap Opportunities Fund	16,951,796	2,059,930	2,065,348	17,516	15,224,196
Total	$ 859,842,854	$ 79,623,844	$ 159,231,550	$ 5,686,277	$ 788,734,549

Other Information

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fidelity Advisor Freedom 2010 Fund

Financial Statements

Statement of Assets and Liabilities

	September 30, 2014 (Unaudited)

Assets
Investment in securities, at value (cost $715,790,531) - See accompanying schedule		$ 788,734,549
Cash		2
Receivable for investments sold		2,373,485
Receivable for fund shares sold		287,831
Total assets		791,395,867

Liabilities
Payable for investments purchased	$ 928
Payable for fund shares redeemed	2,661,947
Distribution and service plan fees payable	180,487
Total liabilities		2,843,362

Net Assets		$ 788,552,505
Net Assets consist of:
Paid in capital		$ 693,871,149
Undistributed net investment income		4,576,065
Accumulated undistributed net realized gain (loss) on investments		17,161,273
Net unrealized appreciation (depreciation) on investments		72,944,018
Net Assets		$ 788,552,505
Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($469,519,322 ÷ 36,470,393 shares)		$ 12.87

Maximum offering price per share (100/94.25 of $12.87)		$ 13.66
Class T: Net Asset Value and redemption price per share ($112,846,545 ÷ 8,797,541 shares)		$ 12.83

Maximum offering price per share (100/96.50 of $12.83)		$ 13.30
Class B: Net Asset Value and offering price per share ($3,133,469 ÷ 243,648 shares)^A		$ 12.86

Class C: Net Asset Value and offering price per share ($35,659,686 ÷ 2,800,054 shares)^A		$ 12.74

Institutional Class: Net Asset Value, offering price and redemption price per share ($167,393,483 ÷ 12,938,055 shares)		$ 12.94

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

Six months ended September 30, 2014 (Unaudited)

Investment Income
Income distributions from underlying funds		$ 5,686,277

Expenses
Distribution and service plan fees	$ 1,110,752
Independent trustees' compensation	1,844
Total expenses before reductions	1,112,596
Expense reductions	(1,844)	1,110,752
Net investment income (loss)		4,575,525
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	15,717,903
Capital gain distributions from underlying funds	2,079,411
Total net realized gain (loss)		17,797,314
Change in net unrealized appreciation (depreciation) on underlying funds		(7,218,498)
Net gain (loss)		10,578,816
Net increase (decrease) in net assets resulting from operations		$ 15,154,341

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fund Name
Financial Statements - continued

Statement of Changes in Net Assets

	Six months ended September 30, 2014 (Unaudited)	Year ended March 31, 2014
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 4,575,525	$ 10,170,782
Net realized gain (loss)	17,797,314	36,171,065
Change in net unrealized appreciation (depreciation)	(7,218,498)	20,852,752
Net increase (decrease) in net assets resulting from operations	15,154,341	67,194,599
Distributions to shareholders from net investment income	(1,957,562)	(9,511,361)
Distributions to shareholders from net realized gain	(14,868,571)	(28,968,103)
Total distributions	(16,826,133)	(38,479,464)
Share transactions - net increase (decrease)	(69,426,304)	(79,585,074)
Total increase (decrease) in net assets	(71,098,096)	(50,869,939)

Net Assets
Beginning of period	859,650,601	910,520,540
End of period (including undistributed net investment income of $4,576,065 and undistributed net investment income of $1,958,102, respectively)	$ 788,552,505	$ 859,650,601

Financial Highlights - Class A

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.91	$ 12.50	$ 11.89	$ 11.92	$ 10.87	$ 8.19
Income from Investment Operations
Net investment income (loss) ^E	.07	.15	.16	.17	.15	.21
Net realized and unrealized gain (loss)	.15	.82	.70	.12	1.17	2.76
Total from investment operations	.22	.97	.86	.29	1.32	2.97
Distributions from net investment income	(.03)	(.14)	(.16)	(.17)	(.17)	(.21)
Distributions from net realized gain	(.23)	(.42)	(.09)	(.16)	(.10)	(.08)
Total distributions	(.26)	(.56)	(.25)	(.32)^I	(.27)	(.29)^H
Net asset value, end of period	$ 12.87	$ 12.91	$ 12.50	$ 11.89	$ 11.92	$ 10.87
Total Return^{B, C, D}	1.74%	7.86%	7.33%	2.63%	12.27%	36.51%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	.25%^A	.25%	.25%	.25%	.25%	.25%
Expenses net of fee waivers, if any	.25%^A	.25%	.25%	.25%	.25%	.25%
Expenses net of all reductions	.25%^A	.25%	.25%	.25%	.25%	.25%
Net investment income (loss)	1.12% ^A	1.15%	1.33%	1.48%	1.38%	2.04%
Supplemental Data
Net assets, end of period (000 omitted)	$ 469,519	$ 502,834	$ 540,980	$ 552,770	$ 536,999	$ 478,025
Portfolio turnover rate ^F	19%^A	39%	26%	25%	41%	42%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the sales charges.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.29 per share is comprised of distributions from net investment income of $.211 and distributions from net realized gain of $.083 per share.

^I Total distributions of $.32 per share is comprised of distributions from net investment income of $.169 and distributions from net realized gain of $.155 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Class T

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.87	$ 12.46	$ 11.86	$ 11.88	$ 10.83	$ 8.16
Income from Investment Operations
Net investment income (loss) ^E	.06	.11	.13	.14	.13	.18
Net realized and unrealized gain (loss)	.15	.83	.69	.13	1.15	2.76
Total from investment operations	.21	.94	.82	.27	1.28	2.94
Distributions from net investment income	(.02)	(.11)	(.13)	(.14)	(.13)	(.19)
Distributions from net realized gain	(.23)	(.42)	(.09)	(.16)	(.10)	(.08)
Total distributions	(.25)	(.53)	(.22)	(.29)^I	(.23)	(.27)^H
Net asset value, end of period	$ 12.83	$ 12.87	$ 12.46	$ 11.86	$ 11.88	$ 10.83
Total Return^{B, C, D}	1.67%	7.62%	6.98%	2.43%	11.95%	36.19%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	.50%^A	.50%	.50%	.50%	.50%	.50%
Expenses net of fee waivers, if any	.50%^A	.50%	.50%	.50%	.50%	.50%
Expenses net of all reductions	.50%^A	.50%	.50%	.50%	.50%	.50%
Net investment income (loss)	.87% ^A	.90%	1.08%	1.23%	1.13%	1.79%
Supplemental Data
Net assets, end of period (000 omitted)	$ 112,847	$ 124,997	$ 127,353	$ 132,044	$ 152,126	$ 204,059
Portfolio turnover rate ^F	19% ^A	39%	26%	25%	41%	42%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the sales charges.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.27 per share is comprised of distributions from net investment income of $.186 and distributions from net realized gain of $.083 per share.

^I Total distributions of $.29 per share is comprised of distributions from net investment income of $.137 and distributions from net realized gain of $.155 per share.

Financial Highlights - Class B

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.91	$ 12.49	$ 11.87	$ 11.87	$ 10.82	$ 8.15
Income from Investment Operations
Net investment income (loss) ^E	.02	.05	.07	.08	.07	.13
Net realized and unrealized gain (loss)	.16	.82	.70	.13	1.15	2.76
Total from investment operations	.18	.87	.77	.21	1.22	2.89
Distributions from net investment income	- ^H	(.03)	(.06)	(.07)	(.07)	(.13)
Distributions from net realized gain	(.23)	(.41)	(.09)	(.15)	(.10)	(.08)
Total distributions	(.23)	(.45)^K	(.15)	(.21)^J	(.17)	(.22)^I
Net asset value, end of period	$ 12.86	$ 12.91	$ 12.49	$ 11.87	$ 11.87	$ 10.82
Total Return^{B, C, D}	1.43%	7.01%	6.51%	1.90%	11.37%	35.54%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.37% ^A	.41%	.58%	.73%	.63%	1.29%
Supplemental Data
Net assets, end of period (000 omitted)	$ 3,133	$ 3,921	$ 6,474	$ 9,154	$ 15,842	$ 22,468
Portfolio turnover rate ^F	19% ^A	39%	26%	25%	41%	42%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the contingent deferred sales charge.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Amount represents less than $.01 per share.

^I Total distributions of $.22 per share is comprised of distributions from net investment income of $.134 and distributions from net realized gain of $.083 per share.

^J Total distributions of $.21 per share is comprised of distributions from net investment income of $.065 and distributions from net realized gain of $.148 per share.

^K Total distributions of $.45 per share is comprised of distributions from net investment income of $.032 and distributions from net realized gain of $.413 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Class C

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.79	$ 12.39	$ 11.79	$ 11.81	$ 10.78	$ 8.13
Income from Investment Operations
Net investment income (loss) ^E	.02	.05	.07	.08	.07	.13
Net realized and unrealized gain (loss)	.17	.81	.69	.13	1.14	2.74
Total from investment operations	.19	.86	.76	.21	1.21	2.87
Distributions from net investment income	(.01)	(.05)	(.07)	(.08)	(.08)	(.14)
Distributions from net realized gain	(.23)	(.41)	(.09)	(.15)	(.10)	(.08)
Total distributions	(.24)	(.46)	(.16)	(.23)	(.18)	(.22)^H
Net asset value, end of period	$ 12.74	$ 12.79	$ 12.39	$ 11.79	$ 11.81	$ 10.78
Total Return^{B, C, D}	1.48%	7.04%	6.49%	1.90%	11.33%	35.45%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.37% ^A	.40%	.58%	.73%	.63%	1.29%
Supplemental Data
Net assets, end of period (000 omitted)	$ 35,660	$ 36,622	$ 38,562	$ 38,423	$ 44,764	$ 47,178
Portfolio turnover rate ^F	19%^A	39%	26%	25%	41%	42%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the contingent deferred sales charge.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.22 per share is comprised of distributions from net investment income of $.139 and distributions from net realized gain of $.083 per share.

Financial Highlights - Institutional Class

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.96	$ 12.55	$ 11.94	$ 11.96	$ 10.91	$ 8.22
Income from Investment Operations
Net investment income (loss) ^D	.09	.18	.19	.20	.18	.23
Net realized and unrealized gain (loss)	.16	.82	.70	.13	1.17	2.78
Total from investment operations	.25	1.00	.89	.33	1.35	3.01
Distributions from net investment income	(.04)	(.17)	(.19)	(.20)	(.20)	(.23)
Distributions from net realized gain	(.23)	(.42)	(.09)	(.16)	(.10)	(.08)
Total distributions	(.27)	(.59)	(.28)	(.35)^I	(.30)	(.32)^H
Net asset value, end of period	$ 12.94	$ 12.96	$ 12.55	$ 11.94	$ 11.96	$ 10.91
Total Return^{B, C}	1.95%	8.10%	7.56%	2.97%	12.50%	36.80%
Ratios to Average Net Assets^{E, G}
Expenses before reductions ^F	.00%^A	.00%	.00%	.00%	.00%	.00%
Expenses net of fee waivers, if any	.00%^A	.00%	.00%	.00%	.00%	.00%
Expenses net of all reductions	.00%^A	.00%	.00%	.00%	.00%	.00%
Net investment income (loss)	1.37% ^A	1.40%	1.58%	1.73%	1.63%	2.29%
Supplemental Data
Net assets, end of period (000 omitted)	$ 167,393	$ 191,276	$ 197,152	$ 156,459	$ 115,490	$ 75,569
Portfolio turnover rate ^E	19% ^A	39%	26%	25%	41%	42%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^E Amounts do not include the activity of the Underlying Funds.

^F Amount represents less than .01%.

^H Total distributions of $.32 per share is comprised of distributions from net investment income of $.234 and distributions from net realized gain of $.083 per share.

^I Total distributions of $.35 per share is comprised of distributions from net investment income of $.199 and distributions from net realized gain of $.155 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fidelity Advisor Freedom 2015 Fund

Investment Changes (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of September 30, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Domestic Equity Funds
Fidelity Advisor Series Equity Growth Fund	3.7	0.0
Fidelity Advisor Series Equity-Income Fund	7.2	7.0
Fidelity Advisor Series Growth & Income Fund	5.3	5.4
Fidelity Advisor Series Growth Opportunities Fund	3.6	3.4
Fidelity Advisor Series Opportunistic Insights Fund	3.4	3.1
Fidelity Advisor Series Small Cap Fund	1.8	1.9
Fidelity Advisor Series Stock Selector Large Cap Value Fund	4.7	4.5
Fidelity Series 100 Index Fund	2.1	1.9
Fidelity Series 1000 Value Index Fund	0.8	0.7
Fidelity Series All-Sector Equity Fund	4.9	4.9
Fidelity Series Commodity Strategy Fund	1.0	1.2
Fidelity Series Real Estate Equity Fund	0.5	0.5
Fidelity Series Small Cap Opportunities Fund	2.2	2.3
Fidelity Advisor Equity Growth Fund Institutional Class	0.0	3.6
	41.2	40.4
International Equity Funds
Fidelity Series Emerging Markets Fund	4.1	3.5
Fidelity Series International Growth Fund	5.3	5.9
Fidelity Series International Small Cap Fund	1.2	1.4
Fidelity Series International Value Fund	5.6	6.0
	16.2	16.8
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.6	0.5
Fidelity Series Floating Rate High Income Fund	0.5	1.1
Fidelity Series High Income Fund	4.4	5.8
Fidelity Series Inflation-Protected Bond Index Fund	1.4	1.3
Fidelity Series Investment Grade Bond Fund	27.9	23.8
Fidelity Series Real Estate Income Fund	0.5	0.5
	35.3	33.0
Short-Term Funds
Fidelity Advisor Short Fixed-Income Fund Institutional Class	3.1	4.3
Fidelity Institutional Money Market Portfolio Institutional Class	4.2	5.5
	7.3	9.8
Net Other Assets (Liabilities)*	0.0	0.0
	100.0	100.0

* Amount represents less than 0.1%

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds**	41.2%
	International Equity Funds	16.2%
	Bond Funds	35.3%
	Short-Term Funds	7.3%

aff2353752

Six months ago
	Domestic Equity Funds**	40.4%
	International Equity Funds	16.8%
	Bond Funds	33.0%
	Short-Term Funds	9.8%

aff2353758

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Semiannual Report

Fidelity Advisor Freedom 2015 Fund

Investments September 30, 2014 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 41.2%
	Shares		Value
Fidelity Advisor Series Equity Growth Fund (c)	6,304,532		$ 65,441,042
Fidelity Advisor Series Equity-Income Fund (c)	9,643,542		125,944,660
Fidelity Advisor Series Growth & Income Fund (c)	6,936,586		93,297,080
Fidelity Advisor Series Growth Opportunities Fund (c)	5,760,365		63,594,433
Fidelity Advisor Series Opportunistic Insights Fund (c)	3,936,148		58,727,335
Fidelity Advisor Series Small Cap Fund (c)	3,053,281		32,303,709
Fidelity Advisor Series Stock Selector Large Cap Value Fund (c)	6,130,368		82,085,627
Fidelity Series 100 Index Fund (c)	2,743,915		35,945,280
Fidelity Series 1000 Value Index Fund (c)	1,241,771		13,907,832
Fidelity Series All-Sector Equity Fund (c)	5,754,965		85,748,976
Fidelity Series Commodity Strategy Fund (a)(c)	2,258,385		16,779,803
Fidelity Series Real Estate Equity Fund (c)	665,449		8,491,127
Fidelity Series Small Cap Opportunities Fund (c)	3,185,287		38,733,086
TOTAL DOMESTIC EQUITY FUNDS (Cost $600,730,880)		720,999,990
International Equity Funds - 16.2%

Fidelity Series Emerging Markets Fund (c)	4,038,315		72,043,531
Fidelity Series International Growth Fund (c)	6,605,793		92,282,934
Fidelity Series International Small Cap Fund (c)	1,370,970		21,085,513
Fidelity Series International Value Fund (c)	9,012,184		97,782,196
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $227,371,349)		283,194,174
Bond Funds - 35.3%
	Shares		Value
Fidelity Series Emerging Markets Debt Fund (c)	1,146,842		$ 11,743,657
Fidelity Series Floating Rate High Income Fund (c)	850,105		8,781,582
Fidelity Series High Income Fund (c)	7,491,232		76,560,391
Fidelity Series Inflation-Protected Bond Index Fund (c)	2,465,287		24,455,650
Fidelity Series Investment Grade Bond Fund (c)	42,978,007		487,800,385
Fidelity Series Real Estate Income Fund (c)	749,661		8,276,260
TOTAL BOND FUNDS (Cost $607,157,752)		617,617,925
Short-Term Funds - 7.3%

Fidelity Advisor Short Fixed-Income Fund Institutional Class (c)	5,910,881		55,266,739
Fidelity Institutional Money Market Portfolio Institutional Class 0.08% (b)(c)	73,160,386		73,160,386
TOTAL SHORT-TERM FUNDS (Cost $126,947,392)		128,427,125
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $1,562,207,373)			1,750,239,214
NET OTHER ASSETS (LIABILITIES) - 0.0%			(397,056)
NET ASSETS - 100%		$ 1,749,842,158

Legend

(a) Non-income producing

(b) The rate quoted is the annualized seven-day yield of the fund at period end.

Affiliated Underlying Funds

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Series Equity Growth Fund	$ -	$ 66,648,793	$ 3,702,636	$ -	$ 65,441,042
Fidelity Advisor Equity Growth Fund Institutional Class	68,069,520	212,998	69,391,175	-	-
Fidelity Advisor Series Equity-Income Fund	132,307,650	3,439,564	15,068,055	1,290,630	125,944,660
Fidelity Advisor Series Growth & Income Fund	101,882,993	3,204,648	14,387,716	842,225	93,297,080
Fidelity Advisor Series Growth Opportunities Fund	64,302,206	799	2,799,602	-	63,594,433
Fidelity Advisor Series Opportunistic Insights Fund	59,143,879	2,017,586	6,223,184	-	58,727,335
Fidelity Advisor Series Small Cap Fund	36,011,492	380,392	4,204,152	-	32,303,709
Fidelity Advisor Series Stock Selector Large Cap Value Fund	84,854,048	2,643,998	10,115,091	-	82,085,627
Fidelity Advisor Short Fixed-Income Fund Institutional Class	81,766,853	1,039,865	27,581,201	334,963	55,266,739
Fidelity Institutional Money Market Portfolio Institutional Class	102,948,070	737,558	30,525,242	40,681	73,160,386
Fidelity Series 100 Index Fund	36,277,966	1,383,837	4,333,060	-	35,945,280
Fidelity Series 1000 Value Index Fund	13,082,904	1,775,104	1,591,587	-	13,907,832
Fidelity Series All-Sector Equity Fund	92,277,856	1,015,995	12,325,286	-	85,748,976
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Series Commodity Strategy Fund	$ 22,331,388	$ 183,520	$ 3,354,178	$ -	$ 16,779,803
Fidelity Series Emerging Markets Debt Fund	10,613,949	2,310,230	1,188,235	324,620	11,743,657
Fidelity Series Emerging Markets Fund	65,520,421	7,969,423	3,813,031	-	72,043,531
Fidelity Series Floating Rate High Income Fund	20,981,485	863,746	12,911,165	382,184	8,781,582
Fidelity Series High Income Fund	109,868,417	4,035,588	34,250,890	2,588,520	76,560,391
Fidelity Series Inflation-Protected Bond Index Fund	24,365,652	2,481,339	2,540,753	20,835	24,455,650
Fidelity Series International Growth Fund	112,372,553	842,409	19,826,062	-	92,282,934
Fidelity Series International Small Cap Fund	26,592,348	190,587	4,536,355	-	21,085,513
Fidelity Series International Value Fund	113,600,676	874,018	14,353,622	-	97,782,196
Fidelity Series Investment Grade Bond Fund	449,767,050	75,403,165	40,816,328	5,872,003	487,800,385
Fidelity Series Real Estate Equity Fund	8,644,837	1,012,014	1,054,487	78,406	8,491,127
Fidelity Series Real Estate Income Fund	9,066,091	482,803	1,107,563	219,868	8,276,260
Fidelity Series Small Cap Opportunities Fund	43,540,057	4,469,106	4,881,841	44,871	38,733,086
Total	$ 1,890,190,361	$ 185,619,085	$ 346,882,497	$ 12,039,806	$ 1,750,239,214

Other Information

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fidelity Advisor Freedom 2015 Fund

Financial Statements

Statement of Assets and Liabilities

	September 30, 2014 (Unaudited)

Assets
Investment in securities, at value (cost $1,562,207,373) - See accompanying schedule		$ 1,750,239,214
Receivable for investments sold		1,855,035
Receivable for fund shares sold		1,350,607
Total assets		1,753,444,856

Liabilities
Payable for investments purchased	$ 84,465
Payable for fund shares redeemed	3,140,957
Distribution and service plan fees payable	377,276
Total liabilities		3,602,698

Net Assets		$ 1,749,842,158
Net Assets consist of:
Paid in capital		$ 1,512,571,332
Undistributed net investment income		9,703,245
Accumulated undistributed net realized gain (loss) on investments		39,535,740
Net unrealized appreciation (depreciation) on investments		188,031,841
Net Assets		$ 1,749,842,158

Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($1,020,287,142 ÷ 79,511,688 shares)		$ 12.83

Maximum offering price per share (100/94.25 of $12.83)		$ 13.61
Class T: Net Asset Value and redemption price per share ($213,067,764 ÷ 16,640,048 shares)		$ 12.80

Maximum offering price per share (100/96.50 of $12.80)		$ 13.26
Class B: Net Asset Value and offering price per share ($9,995,311 ÷ 781,597 shares)^A		$ 12.79

Class C: Net Asset Value and offering price per share ($72,574,234 ÷ 5,710,760 shares)^A		$ 12.71

Institutional Class: Net Asset Value, offering price and redemption price per share ($433,917,707 ÷ 33,549,095 shares)		$ 12.93

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

Six months ended September 30, 2014 (Unaudited)

Investment Income
Income distributions from underlying funds		$ 12,039,806

Expenses
Distribution and service plan fees	$ 2,317,024
Independent trustees' compensation	4,067
Total expenses before reductions	2,321,091
Expense reductions	(4,067)	2,317,024
Net investment income (loss)		9,722,782
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	36,335,148
Capital gain distributions from underlying funds	5,149,636
Total net realized gain (loss)		41,484,784
Change in net unrealized appreciation (depreciation) on underlying funds		(15,022,882)
Net gain (loss)		26,461,902
Net increase (decrease) in net assets resulting from operations		$ 36,184,684

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Statement of Changes in Net Assets

	Six months ended September 30, 2014 (Unaudited)	Year ended March 31, 2014
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 9,722,782	$ 22,908,975
Net realized gain (loss)	41,484,784	80,917,308
Change in net unrealized appreciation (depreciation)	(15,022,882)	53,175,889
Net increase (decrease) in net assets resulting from operations	36,184,684	157,002,172
Distributions to shareholders from net investment income	(3,982,064)	(21,780,486)
Distributions to shareholders from net realized gain	(36,004,470)	(75,463,568)
Total distributions	(39,986,534)	(97,244,054)
Share transactions - net increase (decrease)	(136,150,041)	(135,136,394)
Total increase (decrease) in net assets	(139,951,891)	(75,378,276)

Net Assets
Beginning of period	1,889,794,049	1,965,172,325
End of period (including undistributed net investment income of $9,703,245 and undistributed net investment income of $3,962,527, respectively)	$ 1,749,842,158	$ 1,889,794,049

Financial Highlights - Class A

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.87	$ 12.47	$ 11.85	$ 11.87	$ 10.81	$ 8.05
Income from Investment Operations
Net investment income (loss) ^E	.07	.15	.16	.17	.16	.20
Net realized and unrealized gain (loss)	.17	.89	.71	.13	1.16	2.84
Total from investment operations	.24	1.04	.87	.30	1.32	3.04
Distributions from net investment income	(.03)	(.15)	(.16)	(.17)	(.16)	(.20)
Distributions from net realized gain	(.25)	(.50)	(.09)	(.15)	(.10)	(.08)
Total distributions	(.28)	(.64)^I	(.25)	(.32)	(.26)	(.28)^H
Net asset value, end of period	$ 12.83	$ 12.87	$ 12.47	$ 11.85	$ 11.87	$ 10.81
Total Return^{B, C, D}	1.90%	8.54%	7.45%	2.71%	12.36%	37.95%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	.25%^A	.25%	.25%	.25%	.25%	.25%
Expenses net of fee waivers, if any	.25%^A	.25%	.25%	.25%	.25%	.25%
Expenses net of all reductions	.25%^A	.25%	.25%	.25%	.25%	.25%
Net investment income (loss)	1.07% ^A	1.19%	1.36%	1.50%	1.42%	2.02%
Supplemental Data
Net assets, end of period (000 omitted)	$ 1,020,287	$ 1,086,606	$ 1,181,020	$ 1,101,302	$ 1,004,955	$ 830,024
Portfolio turnover rate ^F	20% ^A	37%	20%	19%	33%	29%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the sales charges.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.28 per share is comprised of distributions from net investment income of $.197 and distributions from net realized gain of $.082 per share.

^I Total distributions of $.64 per share is comprised of distributions from net investment income of $.146 and distributions from net realized gain of $.498 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Class T

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.85	$ 12.46	$ 11.83	$ 11.85	$ 10.79	$ 8.04
Income from Investment Operations
Net investment income (loss) ^E	.05	.12	.13	.14	.13	.18
Net realized and unrealized gain (loss)	.17	.88	.72	.13	1.16	2.82
Total from investment operations	.22	1.00	.85	.27	1.29	3.00
Distributions from net investment income	(.02)	(.11)	(.13)	(.14)	(.13)	(.17)
Distributions from net realized gain	(.25)	(.50)	(.09)	(.15)	(.10)	(.08)
Total distributions	(.27)	(.61)	(.22)	(.29)	(.23)	(.25)^H
Net asset value, end of period	$ 12.80	$ 12.85	$ 12.46	$ 11.83	$ 11.85	$ 10.79
Total Return^{B, C, D}	1.76%	8.20%	7.28%	2.44%	12.09%	37.53%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	.50%^A	.50%	.50%	.50%	.50%	.50%
Expenses net of fee waivers, if any	.50%^A	.50%	.50%	.50%	.50%	.50%
Expenses net of all reductions	.50%^A	.50%	.50%	.50%	.50%	.50%
Net investment income (loss)	.82% ^A	.94%	1.11%	1.25%	1.17%	1.77%
Supplemental Data
Net assets, end of period (000 omitted)	$ 213,068	$ 226,663	$ 227,022	$ 213,366	$ 236,106	$ 225,384
Portfolio turnover rate ^F	20% ^A	37%	20%	19%	33%	29%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the sales charges.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.25 per share is comprised of distributions from net investment income of $.172 and distributions from net realized gain of $.082 per share.

Financial Highlights - Class B

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.84	$ 12.44	$ 11.81	$ 11.82	$ 10.76	$ 8.02
Income from Investment Operations
Net investment income (loss) ^E	.02	.06	.07	.09	.07	.13
Net realized and unrealized gain (loss)	.18	.88	.71	.13	1.16	2.82
Total from investment operations	.20	.94	.78	.22	1.23	2.95
Distributions from net investment income	-	(.05)	(.06)	(.07)	(.07)	(.12)
Distributions from net realized gain	(.25)	(.49)	(.09)	(.15)	(.10)	(.08)
Total distributions	(.25)	(.54)	(.15)	(.23)^I	(.17)	(.21)^H
Net asset value, end of period	$ 12.79	$ 12.84	$ 12.44	$ 11.81	$ 11.82	$ 10.76
Total Return^{B, C, D}	1.60%	7.68%	6.65%	1.95%	11.51%	36.85%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.32% ^A	.44%	.61%	.75%	.67%	1.27%
Supplemental Data
Net assets, end of period (000 omitted)	$ 9,995	$ 12,232	$ 17,411	$ 23,552	$ 32,762	$ 35,932
Portfolio turnover rate ^F	20% ^A	37%	20%	19%	33%	29%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the contingent deferred sales charge.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.21 per share is comprised of distributions from net investment income of $.124 and distributions from net realized gain of $.082 per share.

^I Total distributions of $.23 per share is comprised of distributions from net investment income of $.073 and distributions from net realized gain of $.154 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Class C

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.77	$ 12.39	$ 11.77	$ 11.79	$ 10.74	$ 8.00
Income from Investment Operations
Net investment income (loss) ^E	.02	.05	.07	.09	.07	.13
Net realized and unrealized gain (loss)	.18	.88	.71	.13	1.15	2.82
Total from investment operations	.20	.93	.78	.22	1.22	2.95
Distributions from net investment income	- ^H	(.06)	(.07)	(.09)	(.07)	(.13)
Distributions from net realized gain	(.25)	(.49)	(.09)	(.15)	(.10)	(.08)
Total distributions	(.26)^J	(.55)	(.16)	(.24)	(.17)	(.21)^I
Net asset value, end of period	$ 12.71	$ 12.77	$ 12.39	$ 11.77	$ 11.79	$ 10.74
Total Return^{B, C, D}	1.56%	7.65%	6.70%	1.98%	11.49%	36.97%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.32% ^A	.44%	.61%	.75%	.67%	1.27%
Supplemental Data
Net assets, end of period (000 omitted)	$ 72,574	$ 75,682	$ 72,115	$ 70,220	$ 70,396	$ 64,801
Portfolio turnover rate ^F	20%^A	37%	20%	19%	33%	29%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the contingent deferred sales charge.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Amount represents less than $.01 per share.

^I Total distributions of $.21 per share is comprised of distributions from net investment income of $.126 and distributions from net realized gain of $.082 per share.

^J Total distributions of $.26 per share is comprised of distributions from net investment income of $.004 and distributions from net realized gain of $.252 per share.

Financial Highlights - Institutional Class

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 12.96	$ 12.56	$ 11.93	$ 11.94	$ 10.87	$ 8.09
Income from Investment Operations
Net investment income (loss)^D	.09	.18	.19	.20	.19	.23
Net realized and unrealized gain (loss)	.17	.90	.72	.14	1.17	2.85
Total from investment operations	.26	1.08	.91	.34	1.36	3.08
Distributions from net investment income	(.04)	(.18)	(.19)	(.19)	(.19)	(.22)
Distributions from net realized gain	(.25)	(.50)	(.09)	(.15)	(.10)	(.08)
Total distributions	(.29)	(.68)	(.28)	(.35)^I	(.29)	(.30)^H
Net asset value, end of period	$ 12.93	$ 12.96	$ 12.56	$ 11.93	$ 11.94	$ 10.87
Total Return^{B, C}	2.03%	8.75%	7.74%	3.01%	12.67%	38.30%
Ratios to Average Net Assets^{E, G}
Expenses before reductions ^F	.00%^A	.00%	.00%	.00%	.00%	.00%
Expenses net of fee waivers, if any	.00%^A	.00%	.00%	.00%	.00%	.00%
Expenses net of all reductions	.00%^A	.00%	.00%	.00%	.00%	.00%
Net investment income (loss)	1.32% ^A	1.44%	1.61%	1.75%	1.67%	2.27%
Supplemental Data
Net assets, end of period (000 omitted)	$ 433,918	$ 488,611	$ 467,604	$ 348,068	$ 238,655	$ 137,487
Portfolio turnover rate ^E	20% ^A	37%	20%	19%	33%	29%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^E Amounts do not include the activity of the Underlying Funds.

^F Amount represents less than .01%.

^H Total distributions of $.30 per share is comprised of distributions from net investment income of $.219 and distributions from net realized gain of $.082 per share.

^I Total distributions of $.35 per share is comprised of distributions from net investment income of $.194 and distributions from net realized gain of $.154 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fidelity Advisor Freedom 2020 Fund

Investment Changes (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of September 30, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Domestic Equity Funds
Fidelity Advisor Series Equity Growth Fund	4.2	0.0
Fidelity Advisor Series Equity-Income Fund	8.0	7.8
Fidelity Advisor Series Growth & Income Fund	5.9	6.0
Fidelity Advisor Series Growth Opportunities Fund	4.0	3.6
Fidelity Advisor Series Opportunistic Insights Fund	3.6	3.5
Fidelity Advisor Series Small Cap Fund	2.1	2.0
Fidelity Advisor Series Stock Selector Large Cap Value Fund	5.2	4.8
Fidelity Series 100 Index Fund	2.3	2.2
Fidelity Series 1000 Value Index Fund	0.9	0.9
Fidelity Series All-Sector Equity Fund	5.4	5.3
Fidelity Series Commodity Strategy Fund	1.0	1.2
Fidelity Series Real Estate Equity Fund	0.5	0.5
Fidelity Series Small Cap Opportunities Fund	2.4	2.6
Fidelity Advisor Equity Growth Fund Institutional Class	0.0	4.1
	45.5	44.5
International Equity Funds
Fidelity Series Emerging Markets Fund	4.6	3.9
Fidelity Series International Growth Fund	5.9	6.6
Fidelity Series International Small Cap Fund	1.3	1.5
Fidelity Series International Value Fund	6.0	6.6
	17.8	18.6
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.7	0.7
Fidelity Series Floating Rate High Income Fund	0.5	1.0
Fidelity Series High Income Fund	4.4	6.0
Fidelity Series Inflation-Protected Bond Index Fund	0.8	0.9
Fidelity Series Investment Grade Bond Fund	24.3	21.5
Fidelity Series Real Estate Income Fund	0.5	0.5
	31.2	30.6
Short-Term Funds
Fidelity Advisor Short Fixed-Income Fund Institutional Class	2.4	2.8
Fidelity Institutional Money Market Portfolio Institutional Class	3.1	3.5
	5.5	6.3
Net Other Assets (Liabilities)*	0.0	0.0
	100.0	100.0

* Amount represents less than 0.1%

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds**	45.5%
	International Equity Funds	17.8%
	Bond Funds	31.2%
	Short-Term Funds	5.5%

aff2353764

Six months ago
	Domestic Equity Funds**	44.5%
	International Equity Funds	18.6%
	Bond Funds	30.6%
	Short-Term Funds	6.3%

aff2353770

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Semiannual Report

Fidelity Advisor Freedom 2020 Fund

Investments September 30, 2014 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 45.5%
	Shares		Value
Fidelity Advisor Series Equity Growth Fund (c)	13,241,303		$ 137,444,724
Fidelity Advisor Series Equity-Income Fund (c)	19,820,625		258,857,369
Fidelity Advisor Series Growth & Income Fund (c)	14,074,934		189,307,866
Fidelity Advisor Series Growth Opportunities Fund (c)	11,573,874		127,775,574
Fidelity Advisor Series Opportunistic Insights Fund (c)	7,839,414		116,964,052
Fidelity Advisor Series Small Cap Fund (c)	6,270,326		66,340,047
Fidelity Advisor Series Stock Selector Large Cap Value Fund (c)	12,662,061		169,544,990
Fidelity Series 100 Index Fund (c)	5,749,682		75,320,834
Fidelity Series 1000 Value Index Fund (c)	2,513,340		28,149,408
Fidelity Series All-Sector Equity Fund (c)	11,761,962		175,253,230
Fidelity Series Commodity Strategy Fund (a)(c)	4,187,482		31,112,992
Fidelity Series Real Estate Equity Fund (c)	1,356,710		17,311,622
Fidelity Series Small Cap Opportunities Fund (c)	6,515,048		79,222,986
TOTAL DOMESTIC EQUITY FUNDS (Cost $1,245,121,104)		1,472,605,694
International Equity Funds - 17.8%

Fidelity Series Emerging Markets Fund (c)	8,287,079		147,841,493
Fidelity Series International Growth Fund (c)	13,603,634		190,042,767
Fidelity Series International Small Cap Fund (c)	2,823,510		43,425,580
Fidelity Series International Value Fund (c)	17,948,361		194,739,720
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $474,158,588)		576,049,560
Bond Funds - 31.2%
	Shares		Value
Fidelity Series Emerging Markets Debt Fund (c)	2,132,842		$ 21,840,300
Fidelity Series Floating Rate High Income Fund (c)	1,580,521		16,326,787
Fidelity Series High Income Fund (c)	13,932,746		142,392,662
Fidelity Series Inflation-Protected Bond Index Fund (c)	2,851,044		28,282,357
Fidelity Series Investment Grade Bond Fund (c)	69,224,306		785,695,872
Fidelity Series Real Estate Income Fund (c)	1,390,681		15,353,122
TOTAL BOND FUNDS (Cost $1,004,258,105)		1,009,891,100
Short-Term Funds - 5.5%

Fidelity Advisor Short Fixed-Income Fund Institutional Class (c)	8,298,704		77,592,886
Fidelity Institutional Money Market Portfolio Institutional Class 0.08% (b)(c)	99,748,174		99,748,174
TOTAL SHORT-TERM FUNDS (Cost $176,261,633)		177,341,060
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $2,899,799,430)			3,235,887,414
NET OTHER ASSETS (LIABILITIES) - 0.0%			(690,670)
NET ASSETS - 100%		$ 3,235,196,744

Legend

(a) Non-income producing

(b) The rate quoted is the annualized seven-day yield of the fund at period end.

Affiliated Underlying Funds

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Series Equity Growth Fund	$ -	$ 139,103,424	$ 6,846,417	$ -	$ 137,444,724
Fidelity Advisor Equity Growth Fund Institutional Class	138,952,414	586,162	141,884,524	-	-
Fidelity Advisor Series Equity-Income Fund	263,193,072	9,526,341	24,496,318	2,598,939	258,857,369
Fidelity Advisor Series Growth & Income Fund	204,640,504	7,913,237	28,504,979	1,688,508	189,307,866
Fidelity Advisor Series Growth Opportunities Fund	122,452,317	2,447,579	1,334,842	-	127,775,574
Fidelity Advisor Series Opportunistic Insights Fund	117,332,657	2,307,611	10,169,222	-	116,964,052
Fidelity Advisor Series Small Cap Fund	69,583,906	3,189,619	6,566,440	-	66,340,047
Fidelity Advisor Series Stock Selector Large Cap Value Fund	163,124,211	12,731,913	15,526,819	-	169,544,990
Fidelity Advisor Short Fixed-Income Fund Institutional Class	95,572,803	1,776,875	19,784,532	402,339	77,592,886
Fidelity Institutional Money Market Portfolio Institutional Class	118,288,330	1,508,072	20,048,228	48,230	99,748,174
Fidelity Series 100 Index Fund	74,325,330	2,517,617	6,991,325	-	75,320,834
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Series 1000 Value Index Fund	$ 30,074,450	$ 648,126	$ 3,944,356	$ -	$ 28,149,408
Fidelity Series All-Sector Equity Fund	178,294,761	3,774,401	16,314,781	-	175,253,230
Fidelity Series Commodity Strategy Fund	40,864,214	586,106	5,918,100	-	31,112,992
Fidelity Series Emerging Markets Debt Fund	22,690,533	853,630	1,813,912	627,038	21,840,300
Fidelity Series Emerging Markets Fund	133,192,392	16,591,419	6,650,298	-	147,841,493
Fidelity Series Floating Rate High Income Fund	35,648,893	1,712,948	20,753,094	679,506	16,326,787
Fidelity Series High Income Fund	203,741,125	8,936,942	64,279,534	4,947,071	142,392,662
Fidelity Series Inflation-Protected Bond Index Fund	30,235,429	505,134	2,699,079	25,773	28,282,357
Fidelity Series International Growth Fund	222,984,013	2,816,339	33,426,621	-	190,042,767
Fidelity Series International Small Cap Fund	50,730,785	727,904	5,675,207	-	43,425,580
Fidelity Series International Value Fund	224,576,763	2,643,074	27,715,378	-	194,739,720
Fidelity Series Investment Grade Bond Fund	728,739,921	103,101,936	51,860,551	9,611,864	785,695,872
Fidelity Series Real Estate Equity Fund	17,589,729	1,698,845	1,766,123	160,236	17,311,622
Fidelity Series Real Estate Income Fund	16,230,635	1,004,763	1,571,898	402,442	15,353,122
Fidelity Series Small Cap Opportunities Fund	86,870,526	8,567,272	7,176,368	93,042	79,222,986
Total	$ 3,389,929,713	$ 337,777,289	$ 533,718,946	$ 21,284,988	$ 3,235,887,414

Other Information

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fidelity Advisor Freedom 2020 Fund

Financial Statements

Statement of Assets and Liabilities

	September 30, 2014 (Unaudited)

Assets
Investment in securities, at value (cost $2,899,799,430) - See accompanying schedule		$ 3,235,887,414
Cash		315
Receivable for investments sold		3,036,783
Receivable for fund shares sold		1,766,143
Receivable from affiliate for expense reductions		14
Total assets		3,240,690,669

Liabilities
Payable for investments purchased	$ 73,310
Payable for fund shares redeemed	4,731,748
Distribution and service plan fees payable	688,867
Total liabilities		5,493,925

Net Assets		$ 3,235,196,744
Net Assets consist of:
Paid in capital		$ 2,805,675,550
Undistributed net investment income		17,069,604
Accumulated undistributed net realized gain (loss) on investments		76,363,606
Net unrealized appreciation (depreciation) on investments		336,087,984
Net Assets		$ 3,235,196,744

Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($1,837,216,359 ÷ 135,449,103 shares)		$ 13.56

Maximum offering price per share (100/94.25 of $13.56)		$ 14.39
Class T: Net Asset Value and redemption price per share ($442,558,014 ÷ 32,652,471 shares)		$ 13.55

Maximum offering price per share (100/96.50 of $13.55)		$ 14.04
Class B: Net Asset Value and offering price per share ($19,466,058 ÷ 1,438,075 shares)^A		$ 13.54

Class C: Net Asset Value and offering price per share ($113,454,310 ÷ 8,436,798 shares)^A		$ 13.45

Institutional Class: Net Asset Value, offering price and redemption price per share ($822,502,003 ÷ 60,179,755 shares)		$ 13.67

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

Six months ended September 30, 2014 (Unaudited)

Investment Income
Income distributions from underlying funds		$ 21,284,988

Expenses
Distribution and service plan fees	$ 4,190,814
Independent trustees' compensation	7,383
Total expenses before reductions	4,198,197
Expense reductions	(7,383)	4,190,814
Net investment income (loss)		17,094,174
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	69,410,020
Capital gain distributions from underlying funds	10,344,040
Total net realized gain (loss)		79,754,060
Change in net unrealized appreciation (depreciation) on underlying funds		(27,510,350)
Net gain (loss)		52,243,710
Net increase (decrease) in net assets resulting from operations		$ 69,337,884

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fund Name
Financial Statements - continued

Statement of Changes in Net Assets

	Six months ended September 30, 2014 (Unaudited)	Year ended March 31, 2014
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 17,094,174	$ 40,767,832
Net realized gain (loss)	79,754,060	130,430,680
Change in net unrealized appreciation (depreciation)	(27,510,350)	128,202,291
Net increase (decrease) in net assets resulting from operations	69,337,884	299,400,803
Distributions to shareholders from net investment income	(6,581,753)	(39,035,868)
Distributions to shareholders from net realized gain	(54,541,314)	(136,956,119)
Total distributions	(61,123,067)	(175,991,987)
Share transactions - net increase (decrease)	(162,243,495)	(21,965,032)
Total increase (decrease) in net assets	(154,028,678)	101,443,784

Net Assets
Beginning of period	3,389,225,422	3,287,781,638
End of period (including undistributed net investment income of $17,069,604 and undistributed net investment income of $6,557,183, respectively)	$ 3,235,196,744	$ 3,389,225,422

Financial Highlights - Class A

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.54	$ 13.05	$ 12.35	$ 12.45	$ 11.21	$ 7.97
Income from Investment Operations
Net investment income (loss) ^E	.07	.16	.18	.19	.16	.20
Net realized and unrealized gain (loss)	.20	1.04	.78	.06	1.36	3.32
Total from investment operations	.27	1.20	.96	.25	1.52	3.52
Distributions from net investment income	(.03)	(.16)	(.18)	(.18)	(.17)	(.19)
Distributions from net realized gain	(.22)	(.55)	(.08)	(.18)	(.11)	(.09)
Total distributions	(.25)	(.71)	(.26)	(.35)^I	(.28)	(.28)^H
Net asset value, end of period	$ 13.56	$ 13.54	$ 13.05	$ 12.35	$ 12.45	$ 11.21
Total Return^{B, C, D}	2.02%	9.38%	7.91%	2.23%	13.73%	44.32%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	.25%^A	.25%	.25%	.25%	.25%	.25%
Expenses net of fee waivers, if any	.25%^A	.25%	.25%	.25%	.25%	.25%
Expenses net of all reductions	.25%^A	.25%	.25%	.25%	.25%	.25%
Net investment income (loss)	1.02%^A	1.22%	1.44%	1.55%	1.43%	1.92%
Supplemental Data
Net assets, end of period (000 omitted)	$ 1,837,216	$ 1,910,164	$ 1,944,691	$ 1,740,500	$ 1,557,402	$ 1,238,015
Portfolio turnover rate ^F	20% ^A	40%	21%	18%	39%	26%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the sales charges.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.28 per share is comprised of distributions from net investment income of $.189 and distributions from net realized gain of $.087 per share.

^I Total distributions of $.35 per share is comprised of distributions from net investment income of $.178 and distributions from net realized gain of $.175 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Class T

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.54	$ 13.05	$ 12.34	$ 12.45	$ 11.20	$ 7.96
Income from Investment Operations
Net investment income (loss) ^E	.05	.13	.15	.16	.13	.17
Net realized and unrealized gain (loss)	.20	1.03	.79	.05	1.37	3.32
Total from investment operations	.25	1.16	.94	.21	1.50	3.49
Distributions from net investment income	(.02)	(.13)	(.15)	(.15)	(.13)	(.16)
Distributions from net realized gain	(.22)	(.55)	(.08)	(.18)	(.11)	(.09)
Total distributions	(.24)	(.67)^K	(.23)	(.32)^J	(.25)^I	(.25)^H
Net asset value, end of period	$ 13.55	$ 13.54	$ 13.05	$ 12.34	$ 12.45	$ 11.20
Total Return^{B, C, D}	1.87%	9.11%	7.72%	1.86%	13.50%	44.02%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	.50%^A	.50%	.50%	.50%	.50%	.50%
Expenses net of fee waivers, if any	.50%^A	.50%	.50%	.50%	.50%	.50%
Expenses net of all reductions	.50%^A	.50%	.50%	.50%	.50%	.50%
Net investment income (loss)	.77% ^A	.97%	1.19%	1.30%	1.18%	1.67%
Supplemental Data
Net assets, end of period (000 omitted)	$ 442,558	$ 465,828	$ 430,153	$ 386,416	$ 424,707	$ 488,097
Portfolio turnover rate ^F	20%^A	40%	21%	18%	39%	26%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the sales charges.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.25 per share is comprised of distributions from net investment income of $.163 and distributions from net realized gain of $.087 per share.

^I Total distributions of $.25 per share is comprised of distributions from net investment income of $.134 and distributions from net realized gain of $.111 per share.

^J Total distributions of $.32 per share is comprised of distributions from net investment income of $.145 and distributions from net realized gain of $.175 per share.

^K Total distributions of $.67 per share is comprised of distributions from net investment income of $.125 and distributions from net realized gain of $.549 per share.

Financial Highlights - Class B

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.53	$ 13.04	$ 12.32	$ 12.41	$ 11.17	$ 7.94
Income from Investment Operations
Net investment income (loss) ^E	.02	.06	.09	.10	.08	.12
Net realized and unrealized gain (loss)	.21	1.03	.79	.06	1.35	3.31
Total from investment operations	.23	1.09	.88	.16	1.43	3.43
Distributions from net investment income	-	(.05)	(.08)	(.08)	(.08)	(.12)
Distributions from net realized gain	(.22)	(.54)	(.08)	(.17)	(.11)	(.09)
Total distributions	(.22)	(.60)^I	(.16)	(.25)	(.19)	(.20)^H
Net asset value, end of period	$ 13.54	$ 13.53	$ 13.04	$ 12.32	$ 12.41	$ 11.17
Total Return^{B, C, D}	1.72%	8.49%	7.19%	1.39%	12.87%	43.34%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.27% ^A	.48%	.69%	.80%	.68%	1.17%
Supplemental Data
Net assets, end of period (000 omitted)	$ 19,466	$ 24,060	$ 33,074	$ 43,138	$ 61,856	$ 71,888
Portfolio turnover rate ^F	20% ^A	40%	21%	18%	39%	26%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the contingent deferred sales charge.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.20 per share is comprised of distributions from net investment income of $.115 and distributions from net realized gain of $.087 per share.

^I Total distributions of $.60 per share is comprised of distributions from net investment income of $.052 and distributions from net realized gain of $.544 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Class C

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.45	$ 12.97	$ 12.27	$ 12.37	$ 11.14	$ 7.92
Income from Investment Operations
Net investment income (loss) ^E	.02	.06	.09	.10	.08	.12
Net realized and unrealized gain (loss)	.20	1.03	.78	.06	1.34	3.31
Total from investment operations	.22	1.09	.87	.16	1.42	3.43
Distributions from net investment income	-^H	(.07)	(.08)	(.09)	(.08)	(.12)
Distributions from net realized gain	(.22)	(.54)	(.08)	(.17)	(.11)	(.09)
Total distributions	(.22)	(.61)	(.17)^J	(.26)	(.19)	(.21)^I
Net asset value, end of period	$ 13.45	$ 13.45	$ 12.97	$ 12.27	$ 12.37	$ 11.14
Total Return^{B, C, D}	1.69%	8.57%	7.13%	1.43%	12.89%	43.38%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.27% ^A	.47%	.69%	.80%	.68%	1.17%
Supplemental Data
Net assets, end of period (000 omitted)	$ 113,454	$ 113,194	$ 102,576	$ 97,550	$ 101,019	$ 93,237
Portfolio turnover rate ^F	20% ^A	40%	21%	18%	39%	26%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the contingent deferred sales charge.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Amount represents less than $.01 per share.

^I Total distributions of $.21 per share is comprised of distributions from net investment income of $.119 and distributions from net realized gain of $.087 per share.

^J Total distributions of $.17 per share is comprised of distributions from net investment income of $.084 and distributions from net realized gain of $.083 per share.

Financial Highlights - Institutional Class

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.63	$ 13.14	$ 12.42	$ 12.53	$ 11.27	$ 8.01
Income from Investment Operations
Net investment income (loss)^D	.09	.20	.21	.22	.19	.22
Net realized and unrealized gain (loss)	.21	1.03	.80	.05	1.38	3.34
Total from investment operations	.30	1.23	1.01	.27	1.57	3.56
Distributions from net investment income	(.04)	(.19)	(.21)	(.21)	(.20)	(.21)
Distributions from net realized gain	(.22)	(.55)	(.08)	(.18)	(.11)	(.09)
Total distributions	(.26)	(.74)	(.29)	(.38)^I	(.31)	(.30)^H
Net asset value, end of period	$ 13.67	$ 13.63	$ 13.14	$ 12.42	$ 12.53	$ 11.27
Total Return^{B, C}	2.21%	9.58%	8.28%	2.39%	14.09%	44.65%
Ratios to Average Net Assets^{E, G}
Expenses before reductions ^F	.00%^A	.00%	.00%	.00%	.00%	.00%
Expenses net of fee waivers, if any	.00%^A	.00%	.00%	.00%	.00%	.00%
Expenses net of all reductions	.00%^A	.00%	.00%	.00%	.00%	.00%
Net investment income (loss)	1.27% ^A	1.47%	1.69%	1.80%	1.68%	2.17%
Supplemental Data
Net assets, end of period (000 omitted)	$ 822,502	$ 875,979	$ 777,288	$ 555,462	$ 365,157	$ 214,905
Portfolio turnover rate ^E	20% ^A	40%	21%	18%	39%	26%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^E Amounts do not include the activity of the Underlying Funds.

^F Amount represents less than .01%.

^H Total distributions of $.30 per share is comprised of distributions from net investment income of $.211 and distributions from net realized gain of $.087 per share.

^I Total distributions of $.38 per share is comprised of distributions from net investment income of $.208 and distributions from net realized gain of $.175 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fidelity Advisor Freedom 2025 Fund

Investment Changes (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of September 30, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Domestic Equity Funds
Fidelity Advisor Series Equity Growth Fund	5.1	0.0
Fidelity Advisor Series Equity-Income Fund	9.2	9.0
Fidelity Advisor Series Growth & Income Fund	6.7	6.7
Fidelity Advisor Series Growth Opportunities Fund	4.6	4.3
Fidelity Advisor Series Opportunistic Insights Fund	4.2	3.9
Fidelity Advisor Series Small Cap Fund	2.4	2.4
Fidelity Advisor Series Stock Selector Large Cap Value Fund	6.0	5.8
Fidelity Series 100 Index Fund	2.7	2.6
Fidelity Series 1000 Value Index Fund	1.0	1.0
Fidelity Series All-Sector Equity Fund	6.2	6.2
Fidelity Series Commodity Strategy Fund	0.9	1.3
Fidelity Series Real Estate Equity Fund	0.6	0.6
Fidelity Series Small Cap Opportunities Fund	2.9	3.0
Fidelity Advisor Equity Growth Fund Institutional Class	0.0	5.0
	52.5	51.8
International Equity Funds
Fidelity Series Emerging Markets Fund	5.6	4.7
Fidelity Series International Growth Fund	6.9	7.7
Fidelity Series International Small Cap Fund	1.6	1.7
Fidelity Series International Value Fund	7.2	7.7
	21.3	21.8
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.7	0.7
Fidelity Series Floating Rate High Income Fund	0.5	0.9
Fidelity Series High Income Fund	4.7	6.3
Fidelity Series Inflation-Protected Bond Index Fund	0.5	0.5
Fidelity Series Investment Grade Bond Fund	18.6	17.1
Fidelity Series Real Estate Income Fund	0.5	0.5
	25.5	26.0
Short-Term Funds
Fidelity Advisor Short Fixed-Income Fund Institutional Class	0.3	0.2
Fidelity Institutional Money Market Portfolio Institutional Class	0.4	0.2
	0.7	0.4
Net Other Assets (Liabilities)*	0.0	0.0
	100.0	100.0

* Amount represents less than 0.1%

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds**	52.5%
	International Equity Funds	21.3%
	Bond Funds	25.5%
	Short-Term Funds	0.7%

aff2353776

Six months ago
	Domestic Equity Funds**	51.8%
	International Equity Funds	21.8%
	Bond Funds	26.0%
	Short-Term Funds	0.4%

aff2353782

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Semiannual Report

Fidelity Advisor Freedom 2025 Fund

Investments September 30, 2014 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 52.5%
	Shares		Value
Fidelity Advisor Series Equity Growth Fund (c)	15,582,372		$ 161,745,024
Fidelity Advisor Series Equity-Income Fund (c)	22,305,460		291,309,308
Fidelity Advisor Series Growth & Income Fund (c)	15,666,632		210,716,202
Fidelity Advisor Series Growth Opportunities Fund (c)	13,072,419		144,319,504
Fidelity Advisor Series Opportunistic Insights Fund (c)	8,829,689		131,738,956
Fidelity Advisor Series Small Cap Fund (c)	7,114,804		75,274,628
Fidelity Advisor Series Stock Selector Large Cap Value Fund (c)	14,275,843		191,153,537
Fidelity Series 100 Index Fund (c)	6,507,264		85,245,152
Fidelity Series 1000 Value Index Fund (c)	2,867,769		32,119,009
Fidelity Series All-Sector Equity Fund (c)	13,202,178		196,712,451
Fidelity Series Commodity Strategy Fund (a)(c)	4,073,463		30,265,830
Fidelity Series Real Estate Equity Fund (c)	1,528,651		19,505,588
Fidelity Series Small Cap Opportunities Fund (c)	7,488,053		91,054,723
TOTAL DOMESTIC EQUITY FUNDS (Cost $1,403,044,737)		1,661,159,912
International Equity Funds - 21.3%

Fidelity Series Emerging Markets Fund (c)	9,906,137		176,725,492
Fidelity Series International Growth Fund (c)	15,519,916		216,813,227
Fidelity Series International Small Cap Fund (c)	3,221,307		49,543,702
Fidelity Series International Value Fund (c)	21,112,747		229,073,304
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $561,596,973)		672,155,725
Bond Funds - 25.5%
	Shares		Value
Fidelity Series Emerging Markets Debt Fund (c)	2,065,316		$ 21,148,833
Fidelity Series Floating Rate High Income Fund (c)	1,546,843		15,978,892
Fidelity Series High Income Fund (c)	14,697,964		150,213,192
Fidelity Series Inflation-Protected Bond Index Fund (c)	1,601,928		15,891,127
Fidelity Series Investment Grade Bond Fund (c)	51,775,737		587,654,610
Fidelity Series Real Estate Income Fund (c)	1,356,188		14,972,318
TOTAL BOND FUNDS (Cost $799,628,906)		805,858,972
Short-Term Funds - 0.7%

Fidelity Advisor Short Fixed-Income Fund Institutional Class (c)	976,903		9,134,047
Fidelity Institutional Money Market Portfolio Institutional Class 0.08% (b)(c)	12,639,614		12,639,614
TOTAL SHORT-TERM FUNDS (Cost $21,744,362)		21,773,661
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $2,786,014,978)			3,160,948,270
NET OTHER ASSETS (LIABILITIES) - 0.0%			(655,539)
NET ASSETS - 100%		$ 3,160,292,731

Legend

(a) Non-income producing

(b) The rate quoted is the annualized seven-day yield of the fund at period end.

Affiliated Underlying Funds

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Series Equity Growth Fund	$ -	$ 163,261,854	$ 7,637,932	$ -	$ 161,745,024
Fidelity Advisor Equity Growth Fund Institutional Class	161,175,772	1,245,516	165,192,797	-	-
Fidelity Advisor Series Equity-Income Fund	292,761,215	12,254,293	25,660,103	2,914,995	291,309,308
Fidelity Advisor Series Growth & Income Fund	218,330,109	9,974,612	23,199,900	1,845,634	210,716,202
Fidelity Advisor Series Growth Opportunities Fund	140,332,644	518,903	1,284,971	-	144,319,504
Fidelity Advisor Series Opportunistic Insights Fund	127,758,835	5,080,374	9,366,264	-	131,738,956
Fidelity Advisor Series Small Cap Fund	77,658,110	4,423,911	6,934,450	-	75,274,628
Fidelity Advisor Series Stock Selector Large Cap Value Fund	187,724,084	9,599,705	16,823,806	-	191,153,537
Fidelity Advisor Short Fixed-Income Fund Institutional Class	5,060,855	4,876,900	794,717	25,524	9,134,047
Fidelity Institutional Money Market Portfolio Institutional Class	8,293,580	5,356,632	1,010,598	3,893	12,639,614
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Series 100 Index Fund	$ 83,351,878	$ 3,057,575	$ 7,372,362	$ -	$ 85,245,152
Fidelity Series 1000 Value Index Fund	33,723,065	839,480	4,018,809	-	32,119,009
Fidelity Series All-Sector Equity Fund	199,748,704	5,153,748	18,948,912	-	196,712,451
Fidelity Series Commodity Strategy Fund	41,746,724	828,766	7,942,826	-	30,265,830
Fidelity Series Emerging Markets Debt Fund	21,609,039	988,127	1,544,071	604,222	21,148,833
Fidelity Series Emerging Markets Fund	152,092,142	26,469,270	7,016,460	-	176,725,492
Fidelity Series Floating Rate High Income Fund	29,402,899	1,074,088	14,239,674	572,523	15,978,892
Fidelity Series High Income Fund	205,989,836	9,387,484	58,898,299	5,047,710	150,213,192
Fidelity Series Inflation-Protected Bond Index Fund	16,291,016	821,306	1,342,420	14,087	15,891,127
Fidelity Series International Growth Fund	251,954,473	4,745,158	37,236,245	-	216,813,227
Fidelity Series International Small Cap Fund	56,606,327	2,586,708	6,986,949	-	49,543,702
Fidelity Series International Value Fund	249,705,079	4,856,464	19,903,022	-	229,073,304
Fidelity Series Investment Grade Bond Fund	555,010,492	64,109,460	35,879,101	7,516,900	587,654,610
Fidelity Series Real Estate Equity Fund	20,247,127	1,636,549	2,158,563	182,988	19,505,588
Fidelity Series Real Estate Income Fund	15,544,088	1,075,526	1,339,521	391,528	14,972,318
Fidelity Series Small Cap Opportunities Fund	97,715,981	11,164,706	7,535,432	106,526	91,054,723
Total	$ 3,249,834,074	$ 355,387,115	$ 490,268,204	$ 19,226,530	$ 3,160,948,270

Other Information

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fidelity Advisor Freedom 2025 Fund

Financial Statements

Statement of Assets and Liabilities

	September 30, 2014 (Unaudited)

Assets
Investment in securities, at value (cost $2,786,014,978) - See accompanying schedule		$ 3,160,948,270
Cash		58,201
Receivable for investments sold		5,820,743
Receivable for fund shares sold		2,195,447
Receivable from affiliate for expense reductions		23
Total assets		3,169,022,684

Liabilities
Payable for investments purchased	$ 30,194
Payable for fund shares redeemed	8,048,863
Distribution and service plan fees payable	650,896
Total liabilities		8,729,953

Net Assets		$ 3,160,292,731
Net Assets consist of:
Paid in capital		$ 2,688,488,687
Undistributed net investment income		15,264,657
Accumulated undistributed net realized gain (loss) on investments		81,606,095
Net unrealized appreciation (depreciation) on investments		374,933,292
Net Assets		$ 3,160,292,731

Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($1,854,147,832 ÷ 138,633,470 shares)		$ 13.37

Maximum offering price per share (100/94.25 of $13.37)		$ 14.19
Class T: Net Asset Value and redemption price per share ($388,626,226 ÷ 29,022,809 shares)		$ 13.39

Maximum offering price per share (100/96.50 of $13.39)		$ 13.88
Class B: Net Asset Value and offering price per share ($14,331,885 ÷ 1,078,317 shares)^A		$ 13.29

Class C: Net Asset Value and offering price per share ($91,966,817 ÷ 6,965,290 shares)^A		$ 13.20

Institutional Class: Net Asset Value, offering price and redemption price per share ($811,219,971 ÷ 60,154,429 shares)		$ 13.49

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

Six months ended September 30, 2014 (Unaudited)

Investment Income
Income distributions from underlying funds		$ 19,226,530

Expenses
Distribution and service plan fees	$ 3,924,188
Independent trustees' compensation	7,153
Total expenses before reductions	3,931,341
Expense reductions	(7,153)	3,924,188
Net investment income (loss)		15,302,342
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	73,845,168
Capital gain distributions from underlying funds	11,493,089
Total net realized gain (loss)		85,338,257
Change in net unrealized appreciation (depreciation) on underlying funds		(27,849,896)
Net gain (loss)		57,488,361
Net increase (decrease) in net assets resulting from operations		$ 72,790,703

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Statement of Changes in Net Assets

	Six months ended September 30, 2014 (Unaudited)	Year ended March 31, 2014
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 15,302,342	$ 38,908,952
Net realized gain (loss)	85,338,257	122,398,133
Change in net unrealized appreciation (depreciation)	(27,849,896)	179,518,027
Net increase (decrease) in net assets resulting from operations	72,790,703	340,825,112
Distributions to shareholders from net investment income	(5,370,663)	(37,620,928)
Distributions to shareholders from net realized gain	(53,350,663)	(153,387,663)
Total distributions	(58,721,326)	(191,008,591)
Share transactions - net increase (decrease)	(102,963,879)	184,975,743
Total increase (decrease) in net assets	(88,894,502)	334,792,264

Net Assets
Beginning of period	3,249,187,233	2,914,394,969
End of period (including undistributed net investment income of $15,264,657 and undistributed net investment income of $5,332,978, respectively)	$ 3,160,292,731	$ 3,249,187,233

Financial Highlights - Class A

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.33	$ 12.72	$ 11.91	$ 12.09	$ 10.76	$ 7.51
Income from Investment Operations
Net investment income (loss) ^E	.06	.16	.18	.18	.16	.18
Net realized and unrealized gain (loss)	.22	1.26	.88	(.01)	1.43	3.32
Total from investment operations	.28	1.42	1.06	.17	1.59	3.50
Distributions from net investment income	(.02)	(.16)	(.18)	(.17)	(.16)	(.17)
Distributions from net realized gain	(.22)	(.66)	(.07)	(.18)	(.11)	(.09)
Total distributions	(.24)	(.81)^J	(.25)	(.35)	(.26)^I	(.25)^H
Net asset value, end of period	$ 13.37	$ 13.33	$ 12.72	$ 11.91	$ 12.09	$ 10.76
Total Return^{B, C, D}	2.17%	11.54%	9.00%	1.61%	14.97%	46.86%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	.25%^A	.25%	.25%	.25%	.25%	.25%
Expenses net of fee waivers, if any	.25%^A	.25%	.25%	.25%	.25%	.25%
Expenses net of all reductions	.25%^A	.25%	.25%	.25%	.25%	.25%
Net investment income (loss)	.93% ^A	1.25%	1.54%	1.56%	1.42%	1.82%
Supplemental Data
Net assets, end of period (000 omitted)	$ 1,854,148	$ 1,907,797	$ 1,806,028	$ 1,539,333	$ 1,290,255	$ 999,687
Portfolio turnover rate ^F	22% ^A	41%	22%	14%	34%	19%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the sales charges.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.25 per share is comprised of distributions from net investment income of $.169 and distributions from net realized gain of $.085 per share.

^I Total distributions of $.26 per share is comprised of distributions from net investment income of $.155 and distributions from net realized gain of $.106 per share.

^J Total distributions of $.81 per share is comprised of distributions from net investment income of $.157 and distributions from net realized gain of $.657 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Class T

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.35	$ 12.74	$ 11.93	$ 12.11	$ 10.78	$ 7.52
Income from Investment Operations
Net investment income (loss) ^E	.05	.13	.15	.15	.13	.15
Net realized and unrealized gain (loss)	.23	1.26	.88	(.01)	1.43	3.34
Total from investment operations	.28	1.39	1.03	.14	1.56	3.49
Distributions from net investment income	(.01)	(.13)	(.15)	(.14)	(.13)	(.15)
Distributions from net realized gain	(.22)	(.66)	(.07)	(.18)	(.11)	(.09)
Total distributions	(.24)^K	(.78)^J	(.22)	(.32)	(.23)^I	(.23)^H
Net asset value, end of period	$ 13.39	$ 13.35	$ 12.74	$ 11.93	$ 12.11	$ 10.78
Total Return^{B, C, D}	2.10%	11.27%	8.74%	1.33%	14.67%	46.60%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	.50%^A	.50%	.50%	.50%	.50%	.50%
Expenses net of fee waivers, if any	.50%^A	.50%	.50%	.50%	.50%	.50%
Expenses net of all reductions	.50%^A	.50%	.50%	.50%	.50%	.50%
Net investment income (loss)	.68% ^A	1.00%	1.29%	1.31%	1.17%	1.57%
Supplemental Data
Net assets, end of period (000 omitted)	$ 388,626	$ 387,919	$ 324,352	$ 257,594	$ 258,166	$ 230,003
Portfolio turnover rate ^F	22% ^A	41%	22%	14%	34%	19%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the sales charges.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.23 per share is comprised of distributions from net investment income of $.146 and distributions from net realized gain of $.085 per share.

^I Total distributions of $.23 per share is comprised of distributions from net investment income of $.128 and distributions from net realized gain of $.106 per share.

^J Total distributions of $.78 per share is comprised of distributions from net investment income of $.127 and distributions from net realized gain of $.657 per share.

^K Total distributions of $.24 per share is comprised of distributions from net investment income of $.014 and distributions from net realized gain of $.222 per share.

Financial Highlights - Class B

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.27	$ 12.66	$ 11.84	$ 12.01	$ 10.70	$ 7.47
Income from Investment Operations
Net investment income (loss) ^E	.01	.06	.09	.09	.07	.10
Net realized and unrealized gain (loss)	.23	1.26	.88	(.01)	1.42	3.32
Total from investment operations	.24	1.32	.97	.08	1.49	3.42
Distributions from net investment income	-	(.06)	(.08)	(.08)	(.07)	(.10)
Distributions from net realized gain	(.22)	(.65)	(.07)	(.17)	(.11)	(.09)
Total distributions	(.22)	(.71)	(.15)	(.25)	(.18)	(.19)^H
Net asset value, end of period	$ 13.29	$ 13.27	$ 12.66	$ 11.84	$ 12.01	$ 10.70
Total Return^{B, C, D}	1.81%	10.71%	8.26%	.82%	14.02%	45.83%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.18% ^A	.50%	.79%	.81%	.67%	1.07%
Supplemental Data
Net assets, end of period (000 omitted)	$ 14,332	$ 17,698	$ 23,061	$ 29,202	$ 38,946	$ 38,816
Portfolio turnover rate ^F	22%^A	41%	22%	14%	34%	19%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the contingent deferred sales charge.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.19 per share is comprised of distributions from net investment income of $.100 and distributions from net realized gain of $.085 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Class C

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.19	$ 12.60	$ 11.80	$ 11.98	$ 10.68	$ 7.46
Income from Investment Operations
Net investment income (loss) ^E	.01	.06	.09	.09	.07	.10
Net realized and unrealized gain (loss)	.22	1.25	.87	(.01)	1.41	3.31
Total from investment operations	.23	1.31	.96	.08	1.48	3.41
Distributions from net investment income	-	(.07)	(.10)	(.09)	(.08)	(.11)
Distributions from net realized gain	(.22)	(.65)	(.07)	(.17)	(.11)	(.09)
Total distributions	(.22)	(.72)	(.16)^J	(.26)	(.18)^I	(.19)^H
Net asset value, end of period	$ 13.20	$ 13.19	$ 12.60	$ 11.80	$ 11.98	$ 10.68
Total Return^{B, C, D}	1.78%	10.71%	8.23%	.86%	14.01%	45.83%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	.18% ^A	.50%	.79%	.81%	.67%	1.07%
Supplemental Data
Net assets, end of period (000 omitted)	$ 91,967	$ 89,402	$ 74,415	$ 66,126	$ 61,640	$ 52,756
Portfolio turnover rate ^F	22% ^A	41%	22%	14%	34%	19%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the contingent deferred sales charge.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.19 per share is comprised of distributions from net investment income of $.105 and distributions from net realized gain of $.085 per share.

^I Total distributions of $.18 per share is comprised of distributions from net investment income of $.077 and distributions from net realized gain of $.106 per share.

^J Total distributions of $.16 per share is comprised of distributions from net investment income of $.096 and distributions from net realized gain of $.066 per share.

Financial Highlights - Institutional Class

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.43	$ 12.81	$ 11.99	$ 12.17	$ 10.83	$ 7.55
Income from Investment Operations
Net investment income (loss) ^D	.08	.19	.22	.21	.19	.20
Net realized and unrealized gain (loss)	.23	1.28	.88	(.02)	1.44	3.35
Total from investment operations	.31	1.47	1.10	.19	1.63	3.55
Distributions from net investment income	(.03)	(.19)	(.21)	(.20)	(.18)	(.19)
Distributions from net realized gain	(.22)	(.66)	(.07)	(.18)	(.11)	(.09)
Total distributions	(.25)	(.85)	(.28)	(.37)^I	(.29)	(.27)^H
Net asset value, end of period	$ 13.49	$ 13.43	$ 12.81	$ 11.99	$ 12.17	$ 10.83
Total Return^{B, C}	2.36%	11.81%	9.29%	1.84%	15.23%	47.31%
Ratios to Average Net Assets^{E, G}
Expenses before reductions ^F	.00%^A	.00%	.00%	.00%	.00%	.00%
Expenses net of fee waivers, if any	.00%^A	.00%	.00%	.00%	.00%	.00%
Expenses net of all reductions	.00%^A	.00%	.00%	.00%	.00%	.00%
Net investment income (loss)	1.18% ^A	1.50%	1.79%	1.81%	1.67%	2.07%
Supplemental Data
Net assets, end of period (000 omitted)	$ 811,220	$ 846,372	$ 686,540	$ 470,704	$ 284,309	$ 140,948
Portfolio turnover rate ^E	22% ^A	41%	22%	14%	34%	19%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^E Amounts do not include the activity of the Underlying Funds.

^F Amount represents less than .01%.

^H Total distributions of $.27 per share is comprised of distributions from net investment income of $.189 and distributions from net realized gain of $.085 per share.

^I Total distributions of $.37 per share is comprised of distributions from net investment income of $.195 and distributions from net realized gain of $.179 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fidelity Advisor Freedom 2030 Fund

Investment Changes (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of September 30, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Domestic Equity Funds
Fidelity Advisor Series Equity Growth Fund	5.7	0.0
Fidelity Advisor Series Equity-Income Fund	11.0	10.9
Fidelity Advisor Series Growth & Income Fund	7.6	7.2
Fidelity Advisor Series Growth Opportunities Fund	5.3	5.0
Fidelity Advisor Series Opportunistic Insights Fund	5.1	4.9
Fidelity Advisor Series Small Cap Fund	2.9	2.9
Fidelity Advisor Series Stock Selector Large Cap Value Fund	7.3	7.2
Fidelity Series 100 Index Fund	3.3	3.0
Fidelity Series 1000 Value Index Fund	1.2	1.2
Fidelity Series All-Sector Equity Fund	7.4	7.1
Fidelity Series Commodity Strategy Fund	1.0	1.2
Fidelity Series Real Estate Equity Fund	0.7	0.7
Fidelity Series Small Cap Opportunities Fund	3.5	3.6
Fidelity Advisor Equity Growth Fund Institutional Class	0.0	5.6
	62.0	60.5
International Equity Funds
Fidelity Series Emerging Markets Fund	6.4	5.5
Fidelity Series International Growth Fund	8.4	9.1
Fidelity Series International Small Cap Fund	1.9	2.1
Fidelity Series International Value Fund	8.5	9.0
	25.2	25.7
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.7	0.7
Fidelity Series Floating Rate High Income Fund	0.5	0.8
Fidelity Series High Income Fund	4.7	6.6
Fidelity Series Inflation-Protected Bond Index Fund	0.1	0.1
Fidelity Series Investment Grade Bond Fund	6.3	5.1
Fidelity Series Real Estate Income Fund	0.5	0.5
	12.8	13.8
Short-Term Funds
Fidelity Advisor Short Fixed-Income Fund Institutional Class	0.0*	0.0
Fidelity Institutional Money Market Portfolio Institutional Class	0.0*	0.0
	0.0*	0.0
Net Other Assets (Liabilities)*	0.0	0.0
	100.0	100.0

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds**	62.0%
	International Equity Funds	25.2%
	Bond Funds	12.8%
	Short-Term Funds	0.0%*

aff2353788

Six months ago
	Domestic Equity Funds**	60.5%
	International Equity Funds	25.7%
	Bond Funds	13.8%

aff2353794

* Amount represents less than 0.1%

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Semiannual Report

Fidelity Advisor Freedom 2030 Fund

Investments September 30, 2014 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 62.0%
	Shares		Value
Fidelity Advisor Series Equity Growth Fund (c)	17,253,781		$ 179,094,245
Fidelity Advisor Series Equity-Income Fund (c)	26,591,909		347,290,327
Fidelity Advisor Series Growth & Income Fund (c)	17,870,354		240,356,263
Fidelity Advisor Series Growth Opportunities Fund (c)	15,012,949		165,742,959
Fidelity Advisor Series Opportunistic Insights Fund (c)	10,714,840		159,865,418
Fidelity Advisor Series Small Cap Fund (c)	8,753,503		92,612,063
Fidelity Advisor Series Stock Selector Large Cap Value Fund (c)	17,119,807		229,234,216
Fidelity Series 100 Index Fund (c)	7,975,301		104,476,449
Fidelity Series 1000 Value Index Fund (c)	3,400,303		38,083,395
Fidelity Series All-Sector Equity Fund (c)	15,532,935		231,440,731
Fidelity Series Commodity Strategy Fund (a)(c)	4,275,498		31,766,948
Fidelity Series Real Estate Equity Fund (c)	1,793,388		22,883,628
Fidelity Series Small Cap Opportunities Fund (c)	9,031,071		109,817,822
TOTAL DOMESTIC EQUITY FUNDS (Cost $1,672,472,524)		1,952,664,464
International Equity Funds - 25.2%

Fidelity Series Emerging Markets Fund (c)	11,311,774		201,802,045
Fidelity Series International Growth Fund (c)	18,790,194		262,499,010
Fidelity Series International Small Cap Fund (c)	3,897,616		59,945,333
Fidelity Series International Value Fund (c)	24,740,013		268,429,140
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $676,344,186)		792,675,528
Bond Funds - 12.8%
	Shares		Value
Fidelity Series Emerging Markets Debt Fund (c)	2,092,764		$ 21,429,904
Fidelity Series Floating Rate High Income Fund (c)	1,545,672		15,966,792
Fidelity Series High Income Fund (c)	14,349,358		146,650,442
Fidelity Series Inflation-Protected Bond Index Fund (c)	449,154		4,455,606
Fidelity Series Investment Grade Bond Fund (c)	17,600,336		199,763,812
Fidelity Series Real Estate Income Fund (c)	1,359,185		15,005,403
TOTAL BOND FUNDS (Cost $394,500,311)		403,271,959
Short-Term Funds - 0.0%

Fidelity Advisor Short Fixed-Income Fund Institutional Class (c)	8,490		79,384
Fidelity Institutional Money Market Portfolio Institutional Class 0.08% (b)(c)	97,640		97,640
TOTAL SHORT-TERM FUNDS (Cost $177,084)		177,024
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $2,743,494,105)			3,148,788,975
NET OTHER ASSETS (LIABILITIES) - 0.0%			(646,885)
NET ASSETS - 100%		$ 3,148,142,090

Legend

(a) Non-income producing

(b) The rate quoted is the annualized seven-day yield of the fund at period end.

Affiliated Underlying Funds

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Series Equity Growth Fund	$ -	$ 181,303,978	$ 8,946,936	$ -	$ 179,094,245
Fidelity Advisor Equity Growth Fund Institutional Class	180,591,438	945,880	184,565,529	-	-
Fidelity Advisor Series Equity-Income Fund	352,044,918	15,618,761	34,602,242	3,466,338	347,290,327
Fidelity Advisor Series Growth & Income Fund	232,896,023	21,542,081	19,878,347	1,971,096	240,356,263
Fidelity Advisor Series Growth Opportunities Fund	163,539,168	2,360	3,321,567	-	165,742,959
Fidelity Advisor Series Opportunistic Insights Fund	160,612,516	4,489,432	15,470,853	-	159,865,418
Fidelity Advisor Series Small Cap Fund	92,792,339	8,019,331	8,431,241	-	92,612,063
Fidelity Advisor Series Stock Selector Large Cap Value Fund	233,801,000	8,446,341	25,998,711	-	229,234,216
Fidelity Advisor Short Fixed-Income Fund Institutional Class	-	79,444	-	11	79,384
Fidelity Institutional Money Market Portfolio Institutional Class	-	97,640	-	-	97,640
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Series 100 Index Fund	$ 97,248,296	$ 8,768,258	$ 8,839,304	$ -	$ 104,476,449
Fidelity Series 1000 Value Index Fund	39,339,638	1,076,817	4,207,142	-	38,083,395
Fidelity Series All-Sector Equity Fund	228,813,984	9,683,074	19,348,620	-	231,440,731
Fidelity Series Commodity Strategy Fund	38,561,460	843,151	3,169,860	-	31,766,948
Fidelity Series Emerging Markets Debt Fund	22,045,419	894,892	1,611,247	612,272	21,429,904
Fidelity Series Emerging Markets Fund	177,281,078	26,537,056	8,203,319	-	201,802,045
Fidelity Series Floating Rate High Income Fund	27,356,941	1,143,421	12,287,018	537,327	15,966,792
Fidelity Series High Income Fund	213,571,385	8,672,017	69,088,476	5,137,238	146,650,442
Fidelity Series Inflation-Protected Bond Index Fund	3,070,098	1,649,538	259,157	2,858	4,455,606
Fidelity Series International Growth Fund	296,012,399	5,171,647	35,420,434	-	262,499,010
Fidelity Series International Small Cap Fund	67,209,134	2,123,653	6,240,384	-	59,945,333
Fidelity Series International Value Fund	291,472,129	5,316,949	21,899,764	-	268,429,140
Fidelity Series Investment Grade Bond Fund	165,148,062	45,953,216	12,657,609	2,399,084	199,763,812
Fidelity Series Real Estate Equity Fund	21,919,897	3,812,949	2,476,141	205,324	22,883,628
Fidelity Series Real Estate Income Fund	15,456,345	1,085,431	1,226,607	389,106	15,005,403
Fidelity Series Small Cap Opportunities Fund	117,534,715	14,790,739	10,230,315	129,296	109,817,822
Total	$ 3,238,318,382	$ 378,068,056	$ 518,380,823	$ 14,849,950	$ 3,148,788,975

Other Information

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fidelity Advisor Freedom 2030 Fund

Financial Statements

Statement of Assets and Liabilities

	September 30, 2014 (Unaudited)

Assets
Investment in securities, at value (cost $2,743,494,105) - See accompanying schedule		$ 3,148,788,975
Cash		4
Receivable for investments sold		5,420,383
Receivable for fund shares sold		2,513,284
Receivable from affiliate for expense reductions		50
Total assets		3,156,722,696

Liabilities
Payable for investments purchased	$ 37,970
Payable for fund shares redeemed	7,896,259
Distribution and service plan fees payable	646,377
Total liabilities		8,580,606

Net Assets		$ 3,148,142,090
Net Assets consist of:
Paid in capital		$ 2,642,348,364
Undistributed net investment income		10,954,006
Accumulated undistributed net realized gain (loss) on investments		89,544,850
Net unrealized appreciation (depreciation) on investments		405,294,870
Net Assets		$ 3,148,142,090

Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($1,733,805,729 ÷ 121,434,847 shares)		$ 14.28

Maximum offering price per share (100/94.25 of $14.28)		$ 15.15
Class T: Net Asset Value and redemption price per share ($436,330,334 ÷ 30,678,733 shares)		$ 14.22

Maximum offering price per share (100/96.50 of $14.22)		$ 14.74
Class B: Net Asset Value and offering price per share ($17,457,052 ÷ 1,230,700 shares)^A		$ 14.18

Class C: Net Asset Value and offering price per share ($89,242,497 ÷ 6,330,397 shares)^A		$ 14.10

Institutional Class: Net Asset Value, offering price and redemption price per share ($871,306,478 ÷ 60,671,514 shares)		$ 14.36

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

Six months ended September 30, 2014 (Unaudited)

Investment Income
Income distributions from underlying funds		$ 14,849,950

Expenses
Distribution and service plan fees	$ 3,889,539
Independent trustees' compensation	7,094
Total expenses before reductions	3,896,633
Expense reductions	(7,094)	3,889,539
Net investment income (loss)		10,960,411
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	80,015,941
Capital gain distributions from underlying funds	13,007,195
Total net realized gain (loss)		93,023,136
Change in net unrealized appreciation (depreciation) on underlying funds		(29,232,925)
Net gain (loss)		63,790,211
Net increase (decrease) in net assets resulting from operations		$ 74,750,622

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fund Name
Financial Statements - continued

Statement of Changes in Net Assets

	Six months ended September 30, 2014 (Unaudited)	Year ended March 31, 2014
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 10,960,411	$ 38,580,941
Net realized gain (loss)	93,023,136	116,146,729
Change in net unrealized appreciation (depreciation)	(29,232,925)	213,220,407
Net increase (decrease) in net assets resulting from operations	74,750,622	367,948,077
Distributions to shareholders from net investment income	(2,673,075)	(40,012,043)
Distributions to shareholders from net realized gain	(39,950,591)	(149,090,135)
Total distributions	(42,623,666)	(189,102,178)
Share transactions - net increase (decrease)	(121,654,882)	104,883,603
Total increase (decrease) in net assets	(89,527,926)	283,729,502

Net Assets
Beginning of period	3,237,670,016	2,953,940,514
End of period (including undistributed net investment income of $10,954,006 and undistributed net investment income of $2,666,670, respectively)	$ 3,148,142,090	$ 3,237,670,016

Financial Highlights - Class A

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 14.15	$ 13.36	$ 12.48	$ 12.72	$ 11.29	$ 7.69
Income from Investment Operations
Net investment income (loss) ^E	.05	.17	.20	.19	.16	.16
Net realized and unrealized gain (loss)	.27	1.47	.94	(.06)	1.54	3.68
Total from investment operations	.32	1.64	1.14	.13	1.70	3.84
Distributions from net investment income	(.01)	(.18)	(.20)	(.18)	(.16)	(.15)
Distributions from net realized gain	(.18)	(.67)	(.06)	(.19)	(.11)	(.09)
Total distributions	(.19)	(.85)	(.26)	(.37)	(.27)	(.24)^H
Net asset value, end of period	$ 14.28	$ 14.15	$ 13.36	$ 12.48	$ 12.72	$ 11.29
Total Return^{B, C, D}	2.28%	12.60%	9.25%	1.25%	15.27%	50.17%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	.25%^A	.25%	.25%	.25%	.25%	.25%
Expenses net of fee waivers, if any	.25%^A	.25%	.25%	.25%	.25%	.25%
Expenses net of all reductions	.25%^A	.25%	.25%	.25%	.25%	.25%
Net investment income (loss)	.67% ^A	1.24%	1.58%	1.57%	1.38%	1.61%
Supplemental Data
Net assets, end of period (000 omitted)	$ 1,733,806	$ 1,777,132	$ 1,747,549	$ 1,506,827	$ 1,340,583	$ 1,030,972
Portfolio turnover rate ^F	23%^A	53%	23%	16%	38%	20%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the sales charges.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.24 per share is comprised of distributions from net investment income of $.151 and distributions from net realized gain of $.093 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Class T

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 14.10	$ 13.32	$ 12.44	$ 12.68	$ 11.25	$ 7.67
Income from Investment Operations
Net investment income (loss) ^E	.03	.14	.17	.16	.13	.14
Net realized and unrealized gain (loss)	.27	1.46	.94	(.06)	1.54	3.66
Total from investment operations	.30	1.60	1.11	.10	1.67	3.80
Distributions from net investment income	-^H	(.15)	(.17)	(.15)	(.13)	(.13)
Distributions from net realized gain	(.18)	(.67)	(.06)	(.19)	(.11)	(.09)
Total distributions	(.18)	(.82)	(.23)	(.34)	(.24)	(.22)^I
Net asset value, end of period	$ 14.22	$ 14.10	$ 13.32	$ 12.44	$ 12.68	$ 11.25
Total Return^{B, C, D}	2.15%	12.29%	9.02%	.98%	14.98%	49.72%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	.50%^A	.50%	.50%	.50%	.50%	.50%
Expenses net of fee waivers, if any	.50%^A	.50%	.50%	.50%	.50%	.50%
Expenses net of all reductions	.50%^A	.50%	.50%	.50%	.50%	.50%
Net investment income (loss)	.42% ^A	.99%	1.33%	1.32%	1.12%	1.36%
Supplemental Data
Net assets, end of period (000 omitted)	$ 436,330	$ 453,944	$ 387,102	$ 335,407	$ 348,443	$ 382,092
Portfolio turnover rate ^F	23% ^A	53%	23%	16%	38%	20%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the sales charges.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Amount represents less than $.01 per share.

^I Total distributions of $.22 per share is comprised of distributions from net investment income of $.128 and distributions from net realized gain of $.093 per share.

Financial Highlights - Class B

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 14.07	$ 13.29	$ 12.41	$ 12.63	$ 11.21	$ 7.64
Income from Investment Operations
Net investment income (loss) ^E	(.01)	.07	.10	.10	.07	.09
Net realized and unrealized gain (loss)	.28	1.45	.94	(.06)	1.53	3.65
Total from investment operations	.27	1.52	1.04	.04	1.60	3.74
Distributions from net investment income	-	(.07)	(.10)	(.08)	(.07)	(.08)
Distributions from net realized gain	(.16)	(.66)	(.06)	(.18)	(.11)	(.09)
Total distributions	(.16)	(.74)^I	(.16)	(.26)	(.18)	(.17)^H
Net asset value, end of period	$ 14.18	$ 14.07	$ 13.29	$ 12.41	$ 12.63	$ 11.21
Total Return^{B, C, D}	1.92%	11.69%	8.44%	.52%	14.38%	49.07%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	(.08)%^A	.49%	.83%	.82%	.62%	.86%
Supplemental Data
Net assets, end of period (000 omitted)	$ 17,457	$ 21,330	$ 27,191	$ 34,324	$ 47,275	$ 51,360
Portfolio turnover rate ^F	23% ^A	53%	23%	16%	38%	20%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the contingent deferred sales charge.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.17 per share is comprised of distributions from net investment income of $.080 and distributions from net realized gain of $.092 per share.

^I Total distributions of $.74 per share is comprised of distributions from net investment income of $.074 and distributions from net realized gain of $.663 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Class C

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 14.00	$ 13.23	$ 12.37	$ 12.60	$ 11.19	$ 7.63
Income from Investment Operations
Net investment income (loss) ^E	(.01)	.07	.10	.10	.07	.09
Net realized and unrealized gain (loss)	.27	1.45	.93	(.05)	1.53	3.65
Total from investment operations	.26	1.52	1.03	.05	1.60	3.74
Distributions from net investment income	-	(.09)	(.11)	(.09)	(.08)	(.08)
Distributions from net realized gain	(.16)	(.66)	(.06)	(.18)	(.11)	(.09)
Total distributions	(.16)	(.75)	(.17)	(.28)^I	(.19)	(.18)^H
Net asset value, end of period	$ 14.10	$ 14.00	$ 13.23	$ 12.37	$ 12.60	$ 11.19
Total Return^{B, C, D}	1.91%	11.77%	8.39%	.55%	14.38%	49.06%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	(.08)% ^A	.49%	.83%	.82%	.63%	.86%
Supplemental Data
Net assets, end of period (000 omitted)	$ 89,242	$ 87,867	$ 75,384	$ 66,418	$ 68,349	$ 63,700
Portfolio turnover rate ^F	23% ^A	53%	23%	16%	38%	20%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the contingent deferred sales charge.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.18 per share is comprised of distributions from net investment income of $.083 and distributions from net realized gain of $.093 per share.

^I Total distributions of $.28 per share is comprised of distributions from net investment income of $.094 and distributions from net realized gain of $.182 per share.

Financial Highlights - Institutional Class

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 14.22	$ 13.42	$ 12.54	$ 12.77	$ 11.33	$ 7.72
Income from Investment Operations
Net investment income (loss) ^D	.07	.20	.23	.22	.19	.19
Net realized and unrealized gain (loss)	.27	1.48	.94	(.05)	1.55	3.69
Total from investment operations	.34	1.68	1.17	.17	1.74	3.88
Distributions from net investment income	(.02)	(.21)	(.23)	(.21)	(.19)	(.17)
Distributions from net realized gain	(.18)	(.67)	(.06)	(.19)	(.11)	(.09)
Total distributions	(.20)	(.88)	(.29)	(.40)	(.30)	(.27)^H
Net asset value, end of period	$ 14.36	$ 14.22	$ 13.42	$ 12.54	$ 12.77	$ 11.33
Total Return^{B, C}	2.41%	12.89%	9.47%	1.57%	15.56%	50.42%
Ratios to Average Net Assets^{E, G}
Expenses before reductions ^F	.00%^A	.00%	.00%	.00%	.00%	.00%
Expenses net of fee waivers, if any	.00%^A	.00%	.00%	.00%	.00%	.00%
Expenses net of all reductions	.00%^A	.00%	.00%	.00%	.00%	.00%
Net investment income (loss)	.92% ^A	1.49%	1.83%	1.82%	1.62%	1.86%
Supplemental Data
Net assets, end of period (000 omitted)	$ 871,306	$ 897,398	$ 716,715	$ 505,761	$ 321,529	$ 178,232
Portfolio turnover rate ^E	23% ^A	53%	23%	16%	38%	20%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^E Amounts do not include the activity of the Underlying Funds.

^F Amount represents less than .01%.

^H Total distributions of $.27 per share is comprised of distributions from net investment income of $.173 and distributions from net realized gain of $.093 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fidelity Advisor Freedom 2035 Fund

Investment Changes (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of September 30, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Domestic Equity Funds
Fidelity Advisor Series Equity Growth Fund	6.1	0.0
Fidelity Advisor Series Equity-Income Fund	11.7	11.4
Fidelity Advisor Series Growth & Income Fund	8.1	7.6
Fidelity Advisor Series Growth Opportunities Fund	5.6	5.3
Fidelity Advisor Series Opportunistic Insights Fund	5.4	4.8
Fidelity Advisor Series Small Cap Fund	3.1	3.0
Fidelity Advisor Series Stock Selector Large Cap Value Fund	7.7	7.5
Fidelity Series 100 Index Fund	3.5	3.1
Fidelity Series 1000 Value Index Fund	1.3	1.3
Fidelity Series All-Sector Equity Fund	7.9	7.8
Fidelity Series Commodity Strategy Fund	1.0	1.0
Fidelity Series Real Estate Equity Fund	0.8	0.8
Fidelity Series Small Cap Opportunities Fund	3.7	3.7
Fidelity Advisor Equity Growth Fund Institutional Class	0.0	5.9
	65.9	63.2
International Equity Funds
Fidelity Series Emerging Markets Fund	6.7	5.7
Fidelity Series International Growth Fund	9.1	9.5
Fidelity Series International Small Cap Fund	2.0	2.1
Fidelity Series International Value Fund	9.1	9.5
	26.9	26.8
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.6	0.7
Fidelity Series Floating Rate High Income Fund	0.5	0.7
Fidelity Series High Income Fund	4.4	6.6
Fidelity Series Investment Grade Bond Fund	0.5	1.5
Fidelity Series Real Estate Income Fund	0.5	0.5
	6.5	10.0
Short-Term Funds
Fidelity Advisor Short Fixed-Income Fund Institutional Class	0.2	0.0
Fidelity Institutional Money Market Portfolio Institutional Class	0.5	0.0
	0.7	0.0
Net Other Assets (Liabilities)*	0.0	0.0
	100.0	100.0

* Amount represents less than 0.1%

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds**	65.9%
	International Equity Funds	26.9%
	Bond Funds	6.5%
	Short-Term Funds	0.7%

aff2353800

Six months ago
	Domestic Equity Funds**	63.2%
	International Equity Funds	26.8%
	Bond Funds	10.0%

aff2353805

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Semiannual Report

Fidelity Advisor Freedom 2035 Fund

Investments September 30, 2014 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 65.9%
	Shares		Value
Fidelity Advisor Series Equity Growth Fund (c)	13,754,983		$ 142,776,728
Fidelity Advisor Series Equity-Income Fund (c)	20,901,131		272,968,771
Fidelity Advisor Series Growth & Income Fund (c)	14,031,255		188,720,382
Fidelity Advisor Series Growth Opportunities Fund (c)	11,818,005		130,470,775
Fidelity Advisor Series Opportunistic Insights Fund (c)	8,358,317		124,706,094
Fidelity Advisor Series Small Cap Fund (c)	6,834,915		72,313,404
Fidelity Advisor Series Stock Selector Large Cap Value Fund (c)	13,426,552		179,781,536
Fidelity Series 100 Index Fund (c)	6,232,307		81,643,223
Fidelity Series 1000 Value Index Fund (c)	2,677,632		29,989,480
Fidelity Series All-Sector Equity Fund (c)	12,245,112		182,452,171
Fidelity Series Commodity Strategy Fund (a)(c)	3,026,385		22,486,041
Fidelity Series Real Estate Equity Fund (c)	1,403,634		17,910,374
Fidelity Series Small Cap Opportunities Fund (c)	7,095,490		86,281,161
TOTAL DOMESTIC EQUITY FUNDS (Cost $1,306,400,130)		1,532,500,140
International Equity Funds - 26.9%

Fidelity Series Emerging Markets Fund (c)	8,661,946		154,529,119
Fidelity Series International Growth Fund (c)	15,185,384		212,139,814
Fidelity Series International Small Cap Fund (c)	3,040,406		46,761,446
Fidelity Series International Value Fund (c)	19,533,599		211,939,547
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $531,357,589)		625,369,926
Bond Funds - 6.5%
	Shares		Value
Fidelity Series Emerging Markets Debt Fund (c)	1,519,426		$ 15,558,924
Fidelity Series Floating Rate High Income Fund (c)	1,142,990		11,807,083
Fidelity Series High Income Fund (c)	10,025,557		102,461,197
Fidelity Series Investment Grade Bond Fund (c)	1,043,923		11,848,531
Fidelity Series Real Estate Income Fund (c)	1,004,686		11,091,737
TOTAL BOND FUNDS (Cost $148,839,150)		152,767,472
Short-Term Funds - 0.7%

Fidelity Advisor Short Fixed-Income Fund Institutional Class (c)	420,087		3,927,812
Fidelity Institutional Money Market Portfolio Institutional Class 0.08% (b)(c)	11,663,973		11,663,973
TOTAL SHORT-TERM FUNDS (Cost $15,595,985)		15,591,785
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $2,002,192,854)			2,326,229,323
NET OTHER ASSETS (LIABILITIES) - 0.0%			(435,043)
NET ASSETS - 100%		$ 2,325,794,280

Legend

(a) Non-income producing

(b) The rate quoted is the annualized seven-day yield of the fund at period end.

Affiliated Underlying Funds

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Series Equity Growth Fund	$ -	$ 144,180,191	$ 6,790,514	$ -	$ 142,776,728
Fidelity Advisor Equity Growth Fund Institutional Class	141,294,616	1,887,474	145,619,277	-	-
Fidelity Advisor Series Equity-Income Fund	272,505,609	16,946,238	27,530,081	2,697,711	272,968,771
Fidelity Advisor Series Growth & Income Fund	182,126,478	17,842,467	15,796,088	1,545,052	188,720,382
Fidelity Advisor Series Growth Opportunities Fund	125,758,071	1,749,656	1,343,005	-	130,470,775
Fidelity Advisor Series Opportunistic Insights Fund	115,284,750	11,996,414	10,313,749	-	124,706,094
Fidelity Advisor Series Small Cap Fund	70,939,088	7,846,806	6,648,467	-	72,313,404
Fidelity Advisor Series Stock Selector Large Cap Value Fund	179,823,059	8,914,576	19,072,101	-	179,781,536
Fidelity Advisor Short Fixed-Income Fund Institutional Class	-	3,932,012	-	708	3,927,812
Fidelity Institutional Money Market Portfolio Institutional Class	-	11,663,973	-	214	11,663,973
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Series 100 Index Fund	$ 75,235,973	$ 7,673,747	$ 6,979,225	$ -	$ 81,643,223
Fidelity Series 1000 Value Index Fund	30,432,611	1,213,358	3,117,450	-	29,989,480
Fidelity Series All-Sector Equity Fund	185,070,728	6,545,773	19,140,596	-	182,452,171
Fidelity Series Commodity Strategy Fund	22,856,693	4,260,357	1,583,532	-	22,486,041
Fidelity Series Emerging Markets Debt Fund	16,281,964	952,610	1,753,800	445,818	15,558,924
Fidelity Series Emerging Markets Fund	135,297,323	20,614,847	6,093,708	-	154,529,119
Fidelity Series Floating Rate High Income Fund	17,568,838	805,357	6,397,766	346,038	11,807,083
Fidelity Series High Income Fund	158,357,676	7,793,532	58,871,675	3,748,500	102,461,197
Fidelity Series International Growth Fund	227,481,559	6,564,150	19,153,018	-	212,139,814
Fidelity Series International Small Cap Fund	49,476,492	3,782,175	4,004,543	-	46,761,446
Fidelity Series International Value Fund	226,185,277	8,886,690	18,008,527	-	211,939,547
Fidelity Series Investment Grade Bond Fund	35,186,927	3,003,054	26,668,513	435,991	11,848,531
Fidelity Series Real Estate Equity Fund	18,628,918	1,806,077	2,321,481	168,739	17,910,374
Fidelity Series Real Estate Income Fund	11,401,057	1,101,829	1,181,556	285,153	11,091,737
Fidelity Series Small Cap Opportunities Fund	89,345,729	14,530,832	8,064,967	101,697	86,281,161
Total	$ 2,386,539,436	$ 316,494,195	$ 416,453,639	$ 9,775,621	$ 2,326,229,323

Other Information

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fidelity Advisor Freedom 2035 Fund

Financial Statements

Statement of Assets and Liabilities

	September 30, 2014 (Unaudited)

Assets
Investment in securities, at value (cost $2,002,192,854) - See accompanying schedule		$ 2,326,229,323
Cash		8
Receivable for investments sold		4,923,213
Receivable for fund shares sold		2,105,149
Receivable from affiliate for expense reductions		77
Total assets		2,333,257,770

Liabilities
Payable for investments purchased	$ 30,086
Payable for fund shares redeemed	6,976,013
Distribution and service plan fees payable	457,391
Total liabilities		7,463,490

Net Assets		$ 2,325,794,280
Net Assets consist of:
Paid in capital		$ 1,923,905,476
Undistributed net investment income		7,006,097
Accumulated undistributed net realized gain (loss) on investments		70,846,238
Net unrealized appreciation (depreciation) on investments		324,036,469
Net Assets		$ 2,325,794,280

Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($1,307,037,254 ÷ 95,774,451 shares)		$ 13.65

Maximum offering price per share (100/94.25 of $13.65)		$ 14.48
Class T: Net Asset Value and redemption price per share ($283,738,563 ÷ 20,922,208 shares)		$ 13.56

Maximum offering price per share (100/96.50 of $13.56)		$ 14.05
Class B: Net Asset Value and offering price per share ($11,825,083 ÷ 879,365 shares)^A		$ 13.45

Class C: Net Asset Value and offering price per share ($54,303,913 ÷ 4,052,040 shares)^A		$ 13.40

Institutional Class: Net Asset Value, offering price and redemption price per share ($668,889,467 ÷ 48,710,363 shares)		$ 13.73

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

Six months ended September 30, 2014 (Unaudited)

Investment Income
Income distributions from underlying funds		$ 9,775,621

Expenses
Distribution and service plan fees	$ 2,734,021
Independent trustees' compensation	5,240
Total expenses before reductions	2,739,261
Expense reductions	(5,240)	2,734,021
Net investment income (loss)		7,041,600
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	63,433,925
Capital gain distributions from underlying funds	10,154,954
Total net realized gain (loss)		73,588,879
Change in net unrealized appreciation (depreciation) on underlying funds		(23,784,597)
Net gain (loss)		49,804,282
Net increase (decrease) in net assets resulting from operations		$ 56,845,882

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Statement of Changes in Net Assets

	Six months ended September 30, 2014 (Unaudited)	Year ended March 31, 2014
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 7,041,600	$ 25,780,841
Net realized gain (loss)	73,588,879	91,896,523
Change in net unrealized appreciation (depreciation)	(23,784,597)	181,369,240
Net increase (decrease) in net assets resulting from operations	56,845,882	299,046,604
Distributions to shareholders from net investment income	(1,579,211)	(26,415,277)
Distributions to shareholders from net realized gain	(34,378,954)	(132,187,659)
Total distributions	(35,958,165)	(158,602,936)
Share transactions - net increase (decrease)	(81,182,121)	161,766,995
Total increase (decrease) in net assets	(60,294,404)	302,210,663

Net Assets
Beginning of period	2,386,088,684	2,083,878,021
End of period (including undistributed net investment income of $7,006,097 and undistributed net investment income of $1,543,708, respectively)	$ 2,325,794,280	$ 2,386,088,684

Financial Highlights - Class A

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.54	$ 12.74	$ 11.80	$ 12.11	$ 10.65	$ 7.18
Income from Investment Operations
Net investment income (loss) ^E	.04	.15	.18	.16	.14	.14
Net realized and unrealized gain (loss)	.28	1.59	.97	(.13)	1.56	3.55
Total from investment operations	.32	1.74	1.15	.03	1.70	3.69
Distributions from net investment income	(.01)	(.15)	(.18)	(.15)	(.13)	(.14)
Distributions from net realized gain	(.20)	(.79)	(.04)	(.19)	(.11)	(.08)
Total distributions	(.21)	(.94)	(.21)^H	(.34)	(.24)	(.22)
Net asset value, end of period	$ 13.65	$ 13.54	$ 12.74	$ 11.80	$ 12.11	$ 10.65
Total Return^{B, C, D}	2.38%	14.15%	9.89%	.47%	16.13%	51.59%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	.25%^A	.25%	.25%	.25%	.25%	.25%
Expenses net of fee waivers, if any	.25%^A	.25%	.25%	.25%	.25%	.25%
Expenses net of all reductions	.25%^A	.25%	.25%	.25%	.25%	.25%
Net investment income (loss)	.57% ^A	1.13%	1.54%	1.39%	1.26%	1.51%
Supplemental Data
Net assets, end of period (000 omitted)	$ 1,307,037	$ 1,348,500	$ 1,258,797	$ 1,057,102	$ 906,896	$ 669,450
Portfolio turnover rate ^F	27% ^A	48%	25%	13%	30%	16%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the sales charges.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.21 per share is comprised of distributions from net investment income of $.175 and distributions from net realized gain of $.036 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Class T

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.46	$ 12.68	$ 11.74	$ 12.05	$ 10.60	$ 7.15
Income from Investment Operations
Net investment income (loss) ^E	.02	.11	.15	.13	.11	.12
Net realized and unrealized gain (loss)	.28	1.58	.97	(.13)	1.55	3.53
Total from investment operations	.30	1.69	1.12	-	1.66	3.65
Distributions from net investment income	-	(.12)	(.15)	(.12)	(.11)	(.12)
Distributions from net realized gain	(.20)	(.79)	(.04)	(.19)	(.11)	(.08)
Total distributions	(.20)	(.91)	(.18)^I	(.31)	(.21)^H	(.20)
Net asset value, end of period	$ 13.56	$ 13.46	$ 12.68	$ 11.74	$ 12.05	$ 10.60
Total Return^{B, C, D}	2.25%	13.81%	9.69%	.19%	15.84%	51.17%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	.50%^A	.50%	.50%	.50%	.50%	.50%
Expenses net of fee waivers, if any	.50%^A	.50%	.50%	.50%	.50%	.50%
Expenses net of all reductions	.50%^A	.50%	.50%	.50%	.50%	.50%
Net investment income (loss)	.32% ^A	.88%	1.29%	1.14%	1.01%	1.26%
Supplemental Data
Net assets, end of period (000 omitted)	$ 283,739	$ 276,113	$ 216,701	$ 166,843	$ 169,442	$ 143,106
Portfolio turnover rate ^F	27% ^A	48%	25%	13%	30%	16%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the sales charges.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.21 per share is comprised of distributions from net investment income of $.106 and distributions from net realized gain of $.105 per share.

^I Total distributions of $.18 per share is comprised of distributions from net investment income of $.148 and distributions from net realized gain of $.036 per share.

Financial Highlights - Class B

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.37	$ 12.59	$ 11.67	$ 11.96	$ 10.52	$ 7.10
Income from Investment Operations
Net investment income (loss) ^E	(.01)	.05	.09	.07	.05	.07
Net realized and unrealized gain (loss)	.27	1.57	.95	(.12)	1.55	3.50
Total from investment operations	.26	1.62	1.04	(.05)	1.60	3.57
Distributions from net investment income	-	(.06)	(.09)	(.07)	(.06)	(.07)
Distributions from net realized gain	(.18)	(.78)	(.04)	(.17)	(.10)	(.08)
Total distributions	(.18)	(.84)	(.12)^H	(.24)	(.16)	(.15)
Net asset value, end of period	$ 13.45	$ 13.37	$ 12.59	$ 11.67	$ 11.96	$ 10.52
Total Return^{B, C, D}	2.00%	13.32%	9.02%	(.23)%	15.28%	50.43%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	(.18)% ^A	.38%	.79%	.64%	.51%	.76%
Supplemental Data
Net assets, end of period (000 omitted)	$ 11,825	$ 14,454	$ 17,884	$ 22,013	$ 28,360	$ 27,408
Portfolio turnover rate ^F	27% ^A	48%	25%	13%	30%	16%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the contingent deferred sales charge.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.12 per share is comprised of distributions from net investment income of $.088 and distributions from net realized gain of $.036 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Class C

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.32	$ 12.56	$ 11.65	$ 11.96	$ 10.52	$ 7.11
Income from Investment Operations
Net investment income (loss) ^E	(.01)	.05	.09	.07	.06	.07
Net realized and unrealized gain (loss)	.27	1.56	.95	(.13)	1.54	3.50
Total from investment operations	.26	1.61	1.04	(.06)	1.60	3.57
Distributions from net investment income	-	(.07)	(.10)	(.08)	(.06)	(.08)
Distributions from net realized gain	(.18)	(.78)	(.04)	(.18)	(.10)	(.08)
Total distributions	(.18)	(.85)	(.13)^I	(.25)^H	(.16)	(.16)
Net asset value, end of period	$ 13.40	$ 13.32	$ 12.56	$ 11.65	$ 11.96	$ 10.52
Total Return^{B, C, D}	2.01%	13.27%	9.04%	(.29)%	15.33%	50.28%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	(.18)%^A	.38%	.79%	.64%	.51%	.76%
Supplemental Data
Net assets, end of period (000 omitted)	$ 54,304	$ 51,931	$ 43,447	$ 38,614	$ 36,389	$ 30,994
Portfolio turnover rate ^F	27% ^A	48%	25%	13%	30%	16%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the contingent deferred sales charge.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.25 per share is comprised of distributions from net investment income of $.076 and distributions from net realized gain of $.176 per share.

^I Total distributions of $.13 per share is comprised of distributions from net investment income of $.098 and distributions from net realized gain of $.036 per share.

Financial Highlights - Institutional Class

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 13.61	$ 12.80	$ 11.86	$ 12.17	$ 10.69	$ 7.21
Income from Investment Operations
Net investment income (loss) ^D	.06	.18	.21	.19	.17	.17
Net realized and unrealized gain (loss)	.28	1.60	.97	(.14)	1.57	3.55
Total from investment operations	.34	1.78	1.18	.05	1.74	3.72
Distributions from net investment income	(.02)	(.18)	(.20)	(.17)	(.16)	(.16)
Distributions from net realized gain	(.20)	(.79)	(.04)	(.19)	(.11)	(.08)
Total distributions	(.22)	(.97)	(.24)	(.36)	(.26)^H	(.24)
Net asset value, end of period	$ 13.73	$ 13.61	$ 12.80	$ 11.86	$ 12.17	$ 10.69
Total Return^{B, C}	2.50%	14.44%	10.10%	.71%	16.51%	51.81%
Ratios to Average Net Assets^{E, G}
Expenses before reductions ^F	.00%^A	.00%	.00%	.00%	.00%	.00%
Expenses net of fee waivers, if any	.00%^A	.00%	.00%	.00%	.00%	.00%
Expenses net of all reductions	.00%^A	.00%	.00%	.00%	.00%	.00%
Net investment income (loss)	.82%^A	1.38%	1.79%	1.64%	1.51%	1.76%
Supplemental Data
Net assets, end of period (000 omitted)	$ 668,889	$ 695,092	$ 547,049	$ 360,580	$ 218,092	$ 97,629
Portfolio turnover rate ^E	27%^A	48%	25%	13%	30%	16%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^E Amounts do not include the activity of the Underlying Funds.

^F Amount represents less than .01%.

^H Total distributions of $.26 per share is comprised of distributions from net investment income of $.157 and distributions from net realized gain of $.105 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fidelity Advisor Freedom 2040 Fund

Investment Changes (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of September 30, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Domestic Equity Funds
Fidelity Advisor Series Equity Growth Fund	6.2	0.0
Fidelity Advisor Series Equity-Income Fund	11.7	11.4
Fidelity Advisor Series Growth & Income Fund	8.1	7.8
Fidelity Advisor Series Growth Opportunities Fund	5.6	5.3
Fidelity Advisor Series Opportunistic Insights Fund	5.4	4.6
Fidelity Advisor Series Small Cap Fund	3.1	3.0
Fidelity Advisor Series Stock Selector Large Cap Value Fund	7.7	7.5
Fidelity Series 100 Index Fund	3.5	3.1
Fidelity Series 1000 Value Index Fund	1.3	1.3
Fidelity Series All-Sector Equity Fund	7.8	7.7
Fidelity Series Commodity Strategy Fund	1.0	1.0
Fidelity Series Real Estate Equity Fund	0.8	0.8
Fidelity Series Small Cap Opportunities Fund	3.7	3.7
Fidelity Advisor Equity Growth Fund Institutional Class	0.0	6.1
	65.9	63.3
International Equity Funds
Fidelity Series Emerging Markets Fund	6.6	5.7
Fidelity Series International Growth Fund	9.1	9.4
Fidelity Series International Small Cap Fund	2.0	2.1
Fidelity Series International Value Fund	9.1	9.5
	26.8	26.7
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.7	0.7
Fidelity Series Floating Rate High Income Fund	0.5	0.7
Fidelity Series High Income Fund	4.4	6.6
Fidelity Series Investment Grade Bond Fund	0.5	1.5
Fidelity Series Real Estate Income Fund	0.5	0.5
	6.6	10.0
Short-Term Funds
Fidelity Advisor Short Fixed-Income Fund Institutional Class	0.2	0.0
Fidelity Institutional Money Market Portfolio Institutional Class	0.5	0.0
	0.7	0.0
Net Other Assets (Liabilities)*	0.0	0.0
	100.0	100.0

* Amount represents less than 0.1%

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds**	65.9%
	International Equity Funds	26.8%
	Bond Funds	6.6%
	Short-Term Funds	0.7%

aff2353811

Six months ago
	Domestic Equity Funds**	63.3%
	International Equity Funds	26.7%
	Bond Funds	10.0%

aff2353816

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Semiannual Report

Fidelity Advisor Freedom 2040 Fund

Investments September 30, 2014 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 65.9%
	Shares		Value
Fidelity Advisor Series Equity Growth Fund (c)	13,482,084		$ 139,944,036
Fidelity Advisor Series Equity-Income Fund (c)	20,135,081		262,964,160
Fidelity Advisor Series Growth & Income Fund (c)	13,519,358		181,835,370
Fidelity Advisor Series Growth Opportunities Fund (c)	11,319,085		124,962,696
Fidelity Advisor Series Opportunistic Insights Fund (c)	8,040,812		119,968,919
Fidelity Advisor Series Small Cap Fund (c)	6,565,588		69,463,920
Fidelity Advisor Series Stock Selector Large Cap Value Fund (c)	12,926,391		173,084,370
Fidelity Series 100 Index Fund (c)	5,987,759		78,439,643
Fidelity Series 1000 Value Index Fund (c)	2,575,294		28,843,288
Fidelity Series All-Sector Equity Fund (c)	11,780,246		175,525,670
Fidelity Series Commodity Strategy Fund (a)(c)	2,915,792		21,664,336
Fidelity Series Real Estate Equity Fund (c)	1,353,642		17,272,474
Fidelity Series Small Cap Opportunities Fund (c)	6,786,917		82,528,911
TOTAL DOMESTIC EQUITY FUNDS (Cost $1,264,719,869)		1,476,497,793
International Equity Funds - 26.8%

Fidelity Series Emerging Markets Fund (c)	8,287,831		147,854,908
Fidelity Series International Growth Fund (c)	14,626,833		204,336,854
Fidelity Series International Small Cap Fund (c)	2,926,888		45,015,543
Fidelity Series International Value Fund (c)	18,828,773		204,292,187
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $507,092,508)		601,499,492
Bond Funds - 6.6%
	Shares		Value
Fidelity Series Emerging Markets Debt Fund (c)	1,462,134		$ 14,972,255
Fidelity Series Floating Rate High Income Fund (c)	1,100,803		11,371,300
Fidelity Series High Income Fund (c)	9,719,641		99,334,728
Fidelity Series Investment Grade Bond Fund (c)	1,005,378		11,411,044
Fidelity Series Real Estate Income Fund (c)	967,673		10,683,104
TOTAL BOND FUNDS (Cost $144,621,744)		147,772,431
Short-Term Funds - 0.7%

Fidelity Advisor Short Fixed-Income Fund Institutional Class (c)	393,595		3,680,117
Fidelity Institutional Money Market Portfolio Institutional Class 0.08% (b)(c)	11,089,729		11,089,729
TOTAL SHORT-TERM FUNDS (Cost $14,773,781)		14,769,846
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $1,931,207,902)			2,240,539,562
NET OTHER ASSETS (LIABILITIES) - 0.0%			(467,375)
NET ASSETS - 100%		$ 2,240,072,187

Legend

(a) Non-income producing

(b) The rate quoted is the annualized seven-day yield of the fund at period end.

Affiliated Underlying Funds

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Series Equity Growth Fund	$ -	$ 140,664,296	$ 5,950,319	$ -	$ 139,944,036
Fidelity Advisor Equity Growth Fund Institutional Class	138,961,629	1,534,552	142,892,364	-	-
Fidelity Advisor Series Equity-Income Fund	261,630,767	13,238,715	22,531,622	2,590,426	262,964,160
Fidelity Advisor Series Growth & Income Fund	178,845,619	12,311,797	13,796,567	1,500,090	181,835,370
Fidelity Advisor Series Growth Opportunities Fund	121,857,798	303,361	1,321,132	-	124,962,696
Fidelity Advisor Series Opportunistic Insights Fund	105,843,986	15,495,313	8,612,781	-	119,968,919
Fidelity Advisor Series Small Cap Fund	67,823,649	7,246,154	5,741,081	-	69,463,920
Fidelity Advisor Series Stock Selector Large Cap Value Fund	172,735,870	6,529,378	15,891,582	-	173,084,370
Fidelity Advisor Short Fixed-Income Fund Institutional Class	-	3,684,052	-	663	3,680,117
Fidelity Institutional Money Market Portfolio Institutional Class	-	11,089,729	-	204	11,089,729
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Series 100 Index Fund	$ 71,810,712	$ 7,225,725	$ 6,016,666	$ -	$ 78,439,643
Fidelity Series 1000 Value Index Fund	28,965,437	997,838	2,499,630	-	28,843,288
Fidelity Series All-Sector Equity Fund	176,328,497	5,987,088	16,273,612	-	175,525,670
Fidelity Series Commodity Strategy Fund	21,731,866	4,131,278	1,286,017	-	21,664,336
Fidelity Series Emerging Markets Debt Fund	15,630,303	852,579	1,584,991	427,033	14,972,255
Fidelity Series Emerging Markets Fund	129,991,691	19,062,914	5,747,509	-	147,854,908
Fidelity Series Floating Rate High Income Fund	15,306,495	652,686	4,431,222	303,758	11,371,300
Fidelity Series High Income Fund	152,152,524	6,814,031	55,024,739	3,590,443	99,334,728
Fidelity Series International Growth Fund	216,516,370	7,176,212	16,686,004	-	204,336,854
Fidelity Series International Small Cap Fund	48,849,717	2,111,524	3,571,061	-	45,015,543
Fidelity Series International Value Fund	217,831,731	7,267,658	15,890,967	-	204,292,187
Fidelity Series Investment Grade Bond Fund	35,619,081	2,916,277	27,466,246	412,914	11,411,044
Fidelity Series Real Estate Equity Fund	17,742,353	1,601,366	1,870,990	161,005	17,272,474
Fidelity Series Real Estate Income Fund	10,957,496	1,053,639	1,109,396	272,411	10,683,104
Fidelity Series Small Cap Opportunities Fund	85,786,605	12,869,026	6,992,006	96,860	82,528,911
Total	$ 2,292,920,196	$ 292,817,188	$ 383,188,504	$ 9,355,807	$ 2,240,539,562

Other Information

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fidelity Advisor Freedom 2040 Fund

Financial Statements

Statement of Assets and Liabilities

	September 30, 2014 (Unaudited)

Assets
Investment in securities, at value (cost $1,931,207,902) - See accompanying schedule		$ 2,240,539,562
Cash		7
Receivable for investments sold		2,747,368
Receivable for fund shares sold		2,169,416
Receivable from affiliate for expense reductions		25
Total assets		2,245,456,378

Liabilities
Payable for investments purchased	$ 89,286
Payable for fund shares redeemed	4,828,881
Distribution and service plan fees payable	466,024
Total liabilities		5,384,191

Net Assets		$ 2,240,072,187
Net Assets consist of:
Paid in capital		$ 1,858,562,606
Undistributed net investment income		6,585,666
Accumulated undistributed net realized gain (loss) on investments		65,592,255
Net unrealized appreciation (depreciation) on investments		309,331,660
Net Assets		$ 2,240,072,187

Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($1,187,643,051 ÷ 81,161,830 shares)		$ 14.63

Maximum offering price per share (100/94.25 of $14.63)		$ 15.52
Class T: Net Asset Value and redemption price per share ($322,769,800 ÷ 22,130,782 shares)		$ 14.58

Maximum offering price per share (100/96.50 of $14.58)		$ 15.11
Class B: Net Asset Value and offering price per share ($14,808,963 ÷ 1,024,414 shares)^A		$ 14.46

Class C: Net Asset Value and offering price per share ($75,049,076 ÷ 5,216,269 shares)^A		$ 14.39

Institutional Class: Net Asset Value, offering price and redemption price per share ($639,801,297 ÷ 43,466,600 shares)		$ 14.72

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

Six months ended September 30, 2014 (Unaudited)

Investment Income
Income distributions from underlying funds		$ 9,355,807

Expenses
Distribution and service plan fees	$ 2,799,785
Independent trustees' compensation	5,019
Total expenses before reductions	2,804,804
Expense reductions	(5,019)	2,799,785
Net investment income (loss)		6,556,022
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	58,610,652
Capital gain distributions from underlying funds	9,689,815
Total net realized gain (loss)		68,300,467
Change in net unrealized appreciation (depreciation) on underlying funds		(20,619,979)
Net gain (loss)		47,680,488
Net increase (decrease) in net assets resulting from operations		$ 54,236,510

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fund Name
Financial Statements - continued

Statement of Changes in Net Assets

	Six months ended September 30, 2014 (Unaudited)	Year ended March 31, 2014
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 6,556,022	$ 23,939,321
Net realized gain (loss)	68,300,467	86,510,906
Change in net unrealized appreciation (depreciation)	(20,619,979)	183,007,985
Net increase (decrease) in net assets resulting from operations	54,236,510	293,458,212
Distributions to shareholders from net investment income	(1,276,967)	(24,578,250)
Distributions to shareholders from net realized gain	(32,494,444)	(126,026,952)
Total distributions	(33,771,411)	(150,605,202)
Share transactions - net increase (decrease)	(72,848,513)	131,257,777
Total increase (decrease) in net assets	(52,383,414)	274,110,787

Net Assets
Beginning of period	2,292,455,601	2,018,344,814
End of period (including undistributed net investment income of $6,585,666 and undistributed net investment income of $1,306,611, respectively)	$ 2,240,072,187	$ 2,292,455,601

Financial Highlights - Class A

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 14.51	$ 13.61	$ 12.60	$ 12.95	$ 11.37	$ 7.59
Income from Investment Operations
Net investment income (loss) ^E	.04	.15	.19	.17	.15	.15
Net realized and unrealized gain (loss)	.30	1.74	1.05	(.15)	1.69	3.87
Total from investment operations	.34	1.89	1.24	.02	1.84	4.02
Distributions from net investment income	(.01)	(.16)	(.19)	(.16)	(.15)	(.15)
Distributions from net realized gain	(.21)	(.83)	(.04)	(.21)	(.11)	(.09)
Total distributions	(.22)	(.99)	(.23)	(.37)	(.26)	(.24)
Net asset value, end of period	$ 14.63	$ 14.51	$ 13.61	$ 12.60	$ 12.95	$ 11.37
Total Return^{B, C, D}	2.36%	14.37%	9.94%	.38%	16.38%	53.15%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	.25%^A	.25%	.25%	.25%	.25%	.25%
Expenses net of fee waivers, if any	.25%^A	.25%	.25%	.25%	.25%	.25%
Expenses net of all reductions	.25%^A	.25%	.25%	.25%	.25%	.25%
Net investment income (loss)	.57% ^A	1.10%	1.53%	1.38%	1.25%	1.52%
Supplemental Data
Net assets, end of period (000 omitted)	$ 1,187,643	$ 1,195,641	$ 1,133,722	$ 967,348	$ 865,008	$ 670,673
Portfolio turnover rate ^F	26% ^A	47%	26%	14%	38%	18%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the sales charges.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Class T

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 14.47	$ 13.58	$ 12.57	$ 12.92	$ 11.34	$ 7.57
Income from Investment Operations
Net investment income (loss) ^E	.02	.12	.16	.14	.12	.13
Net realized and unrealized gain (loss)	.30	1.73	1.04	(.16)	1.68	3.86
Total from investment operations	.32	1.85	1.20	(.02)	1.80	3.99
Distributions from net investment income	-	(.13)	(.16)	(.13)	(.11)	(.13)
Distributions from net realized gain	(.21)	(.83)	(.04)	(.21)	(.11)	(.09)
Total distributions	(.21)	(.96)	(.19)^I	(.33)^H	(.22)	(.22)
Net asset value, end of period	$ 14.58	$ 14.47	$ 13.58	$ 12.57	$ 12.92	$ 11.34
Total Return^{B, C, D}	2.24%	14.06%	9.69%	.12%	16.06%	52.83%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	.50%^A	.50%	.50%	.50%	.50%	.50%
Expenses net of fee waivers, if any	.50%^A	.50%	.50%	.50%	.50%	.50%
Expenses net of all reductions	.50%^A	.50%	.50%	.50%	.50%	.50%
Net investment income (loss)	.32%^A	.85%	1.28%	1.13%	1.00%	1.27%
Supplemental Data
Net assets, end of period (000 omitted)	$ 322,770	$ 341,608	$ 288,886	$ 262,944	$ 276,335	$ 300,594
Portfolio turnover rate ^F	26% ^A	47%	26%	14%	38%	18%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the sales charges.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.33 per share is comprised of distributions from net investment income of $.127 and distributions from net realized gain of $.207 per share.

^I Total distributions of $.19 per share is comprised of distributions from net investment income of $.156 and distributions from net realized gain of $.037 per share.

Financial Highlights - Class B

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 14.36	$ 13.48	$ 12.48	$ 12.82	$ 11.26	$ 7.52
Income from Investment Operations
Net investment income (loss) ^E	(.01)	.05	.10	.08	.06	.08
Net realized and unrealized gain (loss)	.30	1.71	1.03	(.15)	1.66	3.83
Total from investment operations	.29	1.76	1.13	(.07)	1.72	3.91
Distributions from net investment income	-	(.06)	(.09)	(.07)	(.06)	(.08)
Distributions from net realized gain	(.19)	(.82)	(.04)	(.20)	(.10)	(.09)
Total distributions	(.19)	(.88)	(.13)	(.27)	(.16)	(.17)
Net asset value, end of period	$ 14.46	$ 14.36	$ 13.48	$ 12.48	$ 12.82	$ 11.26
Total Return^{B, C, D}	2.03%	13.49%	9.14%	(.36)%	15.43%	52.08%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	(.18)% ^A	.35%	.78%	.63%	.50%	.77%
Supplemental Data
Net assets, end of period (000 omitted)	$ 14,809	$ 18,270	$ 24,481	$ 31,574	$ 41,935	$ 43,773
Portfolio turnover rate ^F	26% ^A	47%	26%	14%	38%	18%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the contingent deferred sales charge.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Class C

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 14.30	$ 13.43	$ 12.45	$ 12.80	$ 11.25	$ 7.51
Income from Investment Operations
Net investment income (loss) ^E	(.01)	.05	.10	.08	.06	.08
Net realized and unrealized gain (loss)	.29	1.71	1.02	(.15)	1.66	3.83
Total from investment operations	.28	1.76	1.12	(.07)	1.72	3.91
Distributions from net investment income	-	(.07)	(.11)	(.08)	(.07)	(.08)
Distributions from net realized gain	(.19)	(.82)	(.04)	(.20)	(.10)	(.09)
Total distributions	(.19)	(.89)	(.14)^H	(.28)	(.17)	(.17)
Net asset value, end of period	$ 14.39	$ 14.30	$ 13.43	$ 12.45	$ 12.80	$ 11.25
Total Return^{B, C, D}	2.00%	13.57%	9.09%	(.35)%	15.39%	52.18%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	(.18)% ^A	.35%	.78%	.63%	.50%	.77%
Supplemental Data
Net assets, end of period (000 omitted)	$ 75,049	$ 72,247	$ 62,893	$ 56,910	$ 58,416	$ 53,334
Portfolio turnover rate ^F	26% ^A	47%	26%	14%	38%	18%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the contingent deferred sales charge.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.14 per share is comprised of distributions from net investment income of $.105 and distributions from net realized gain of $.037 per share.

Financial Highlights - Institutional Class

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 14.59	$ 13.67	$ 12.65	$ 13.00	$ 11.42	$ 7.62
Income from Investment Operations
Net investment income (loss) ^D	.06	.19	.23	.20	.18	.18
Net realized and unrealized gain (loss)	.30	1.75	1.05	(.16)	1.69	3.88
Total from investment operations	.36	1.94	1.28	.04	1.87	4.06
Distributions from net investment income	(.02)	(.19)	(.22)	(.19)	(.18)	(.17)
Distributions from net realized gain	(.21)	(.83)	(.04)	(.21)	(.11)	(.09)
Total distributions	(.23)	(1.02)	(.26)	(.39)^H	(.29)	(.26)
Net asset value, end of period	$ 14.72	$ 14.59	$ 13.67	$ 12.65	$ 13.00	$ 11.42
Total Return^{B, C}	2.48%	14.73%	10.24%	.61%	16.57%	53.53%
Ratios to Average Net Assets^{E, G}
Expenses before reductions ^F	.00%^A	.00%	.00%	.00%	.00%	.00%
Expenses net of fee waivers, if any	.00%^A	.00%	.00%	.00%	.00%	.00%
Expenses net of all reductions	.00%^A	.00%	.00%	.00%	.00%	.00%
Net investment income (loss)	.82%^A	1.35%	1.78%	1.63%	1.50%	1.77%
Supplemental Data
Net assets, end of period (000 omitted)	$ 639,801	$ 664,689	$ 508,363	$ 352,751	$ 229,228	$ 126,440
Portfolio turnover rate ^E	26% ^A	47%	26%	14%	38%	18%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^E Amounts do not include the activity of the Underlying Funds.

^F Amount represents less than .01%.

^H Total distributions of $.39 per share is comprised of distributions from net investment income of $.186 and distributions from net realized gain of $.207 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fidelity Advisor Freedom 2045 Fund

Investment Changes (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of September 30, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Domestic Equity Funds
Fidelity Advisor Series Equity Growth Fund	6.4	0.0
Fidelity Advisor Series Equity-Income Fund	11.7	11.1
Fidelity Advisor Series Growth & Income Fund	8.3	8.4
Fidelity Advisor Series Growth Opportunities Fund	5.6	5.4
Fidelity Advisor Series Opportunistic Insights Fund	5.3	4.5
Fidelity Advisor Series Small Cap Fund	3.0	3.0
Fidelity Advisor Series Stock Selector Large Cap Value Fund	7.7	7.5
Fidelity Series 100 Index Fund	3.4	3.1
Fidelity Series 1000 Value Index Fund	1.3	1.3
Fidelity Series All-Sector Equity Fund	7.8	7.4
Fidelity Series Commodity Strategy Fund	1.0	0.9
Fidelity Series Real Estate Equity Fund	0.8	0.8
Fidelity Series Small Cap Opportunities Fund	3.6	3.7
Fidelity Advisor Equity Growth Fund Institutional Class	0.0	6.1
	65.9	63.2
International Equity Funds
Fidelity Series Emerging Markets Fund	6.6	5.7
Fidelity Series International Growth Fund	9.1	9.4
Fidelity Series International Small Cap Fund	2.0	2.2
Fidelity Series International Value Fund	9.1	9.5
	26.8	26.8
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.7	0.7
Fidelity Series Floating Rate High Income Fund	0.5	0.3
Fidelity Series High Income Fund	4.4	6.6
Fidelity Series Investment Grade Bond Fund	0.5	1.9
Fidelity Series Real Estate Income Fund	0.5	0.5
	6.6	10.0
Short-Term Funds
Fidelity Advisor Short Fixed-Income Fund Institutional Class	0.2	0.0
Fidelity Institutional Money Market Portfolio Institutional Class	0.5	0.0
	0.7	0.0
Net Other Assets (Liabilities)*	0.0	0.0
	100.0	100.0

* Amount represents less than 0.1%

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds**	65.9%
	International Equity Funds	26.8%
	Bond Funds	6.6%
	Short-Term Funds	0.7%

aff2353822

Six months ago
	Domestic Equity Funds**	63.2%
	International Equity Funds	26.8%
	Bond Funds	10.0%

aff2353827

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity related investments.

Semiannual Report

Fidelity Advisor Freedom 2045 Fund

Investments September 30, 2014 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 65.9%
	Shares		Value
Fidelity Advisor Series Equity Growth Fund (c)	6,994,204		$ 72,599,836
Fidelity Advisor Series Equity-Income Fund (c)	10,218,605		133,454,976
Fidelity Advisor Series Growth & Income Fund (c)	7,049,083		94,810,170
Fidelity Advisor Series Growth Opportunities Fund (c)	5,769,437		63,694,580
Fidelity Advisor Series Opportunistic Insights Fund (c)	4,072,630		60,763,638
Fidelity Advisor Series Small Cap Fund (c)	3,288,674		34,794,173
Fidelity Advisor Series Stock Selector Large Cap Value Fund (c)	6,544,659		87,632,985
Fidelity Series 100 Index Fund (c)	3,003,735		39,348,926
Fidelity Series 1000 Value Index Fund (c)	1,316,501		14,744,809
Fidelity Series All-Sector Equity Fund (c)	5,998,586		89,378,931
Fidelity Series Commodity Strategy Fund (a)(c)	1,486,287		11,043,116
Fidelity Series Real Estate Equity Fund (c)	695,231		8,871,142
Fidelity Series Small Cap Opportunities Fund (c)	3,410,217		41,468,234
TOTAL DOMESTIC EQUITY FUNDS (Cost $644,385,900)		752,605,516
International Equity Funds - 26.8%

Fidelity Series Emerging Markets Fund (c)	4,213,798		75,174,163
Fidelity Series International Growth Fund (c)	7,432,099		103,826,426
Fidelity Series International Small Cap Fund (c)	1,492,644		22,956,862
Fidelity Series International Value Fund (c)	9,570,055		103,835,099
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $262,542,768)		305,792,550
Bond Funds - 6.6%
	Shares		Value
Fidelity Series Emerging Markets Debt Fund (c)	738,756		$ 7,564,857
Fidelity Series Floating Rate High Income Fund (c)	560,638		5,791,386
Fidelity Series High Income Fund (c)	4,934,326		50,428,814
Fidelity Series Investment Grade Bond Fund (c)	512,634		5,818,395
Fidelity Series Real Estate Income Fund (c)	493,197		5,444,896
TOTAL BOND FUNDS (Cost $73,033,931)		75,048,348
Short-Term Funds - 0.7%

Fidelity Advisor Short Fixed-Income Fund Institutional Class (c)	260,601		2,436,623
Fidelity Institutional Money Market Portfolio Institutional Class 0.08% (b)(c)	6,213,596		6,213,596
TOTAL SHORT-TERM FUNDS (Cost $8,652,824)		8,650,219
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $988,615,423)			1,142,096,633
NET OTHER ASSETS (LIABILITIES) - 0.0%			(208,569)
NET ASSETS - 100%		$ 1,141,888,064

Legend

(a) Non-income producing

(b) The rate quoted is the annualized seven-day yield of the fund at period end.

Affiliated Underlying Funds

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Series Equity Growth Fund	$ -	$ 72,356,265	$ 2,417,862	$ -	$ 72,599,836
Fidelity Advisor Equity Growth Fund Institutional Class	70,088,664	1,541,143	72,839,951	-	-
Fidelity Advisor Series Equity-Income Fund	126,915,534	12,277,486	10,874,495	1,259,422	133,454,976
Fidelity Advisor Series Growth & Income Fund	95,794,060	6,679,553	10,042,457	801,415	94,810,170
Fidelity Advisor Series Growth Opportunities Fund	61,851,647	1,378,558	1,568,700	-	63,694,580
Fidelity Advisor Series Opportunistic Insights Fund	51,228,659	10,709,635	4,775,934	-	60,763,638
Fidelity Advisor Series Small Cap Fund	34,292,434	3,568,418	3,120,945	-	34,794,173
Fidelity Advisor Series Stock Selector Large Cap Value Fund	85,373,705	6,496,152	8,975,364	-	87,632,985
Fidelity Advisor Short Fixed-Income Fund Institutional Class	-	2,439,228	-	439	2,436,623
Fidelity Institutional Money Market Portfolio Institutional Class	-	6,213,596	-	114	6,213,596
Fidelity Series 100 Index Fund	35,825,775	4,065,058	3,245,675	-	39,348,926
Fidelity Series 1000 Value Index Fund	14,436,807	999,129	1,374,468	-	14,744,809
Fidelity Series All-Sector Equity Fund	84,120,484	8,055,740	7,374,394	-	89,378,931
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Series Commodity Strategy Fund	$ 10,671,834	$ 2,486,174	$ 634,805	$ -	$ 11,043,116
Fidelity Series Emerging Markets Debt Fund	7,793,362	588,335	849,549	213,847	7,564,857
Fidelity Series Emerging Markets Fund	64,558,566	11,515,067	3,104,263	-	75,174,163
Fidelity Series Floating Rate High Income Fund	3,963,047	3,518,288	1,624,736	93,022	5,791,386
Fidelity Series High Income Fund	75,794,389	4,768,185	27,808,067	1,792,288	50,428,814
Fidelity Series International Growth Fund	107,806,317	6,294,092	8,865,657	-	103,826,426
Fidelity Series International Small Cap Fund	24,563,196	1,499,188	1,898,271	-	22,956,862
Fidelity Series International Value Fund	108,651,909	6,147,567	8,400,960	-	103,835,099
Fidelity Series Investment Grade Bond Fund	21,365,314	2,291,275	18,054,948	246,576	5,818,395
Fidelity Series Real Estate Equity Fund	9,386,219	1,192,477	1,615,844	83,528	8,871,142
Fidelity Series Real Estate Income Fund	5,456,690	634,992	532,609	137,733	5,444,896
Fidelity Series Small Cap Opportunities Fund	42,410,988	7,408,325	3,785,644	48,604	41,468,234
Total	$ 1,142,349,600	$ 185,123,926	$ 203,785,598	$ 4,676,988	$ 1,142,096,633

Other Information

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fidelity Advisor Freedom 2045 Fund

Financial Statements

Statement of Assets and Liabilities

	September 30, 2014 (Unaudited)

Assets
Investment in securities, at value (cost $988,615,423) - See accompanying schedule		$ 1,142,096,633
Cash		4
Receivable for investments sold		1,239,278
Receivable for fund shares sold		1,578,770
Receivable from affiliate for expense reductions		34
Total assets		1,144,914,719

Liabilities
Payable for investments purchased	$ 41,916
Payable for fund shares redeemed	2,776,788
Distribution and service plan fees payable	207,951
Total liabilities		3,026,655

Net Assets		$ 1,141,888,064
Net Assets consist of:
Paid in capital		$ 952,463,495
Undistributed net investment income		3,483,811
Accumulated undistributed net realized gain (loss) on investments		32,459,548
Net unrealized appreciation (depreciation) on investments		153,481,210
Net Assets		$ 1,141,888,064

Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($612,485,271 ÷ 54,474,552 shares)		$ 11.24

Maximum offering price per share (100/94.25 of $11.24)		$ 11.93
Class T: Net Asset Value and redemption price per share ($137,129,173 ÷ 12,263,067 shares)		$ 11.18

Maximum offering price per share (100/96.50 of $11.18)		$ 11.59
Class B: Net Asset Value and offering price per share ($3,103,394 ÷ 278,505 shares)^A		$ 11.14

Class C: Net Asset Value and offering price per share ($20,566,432 ÷ 1,854,086 shares)^A		$ 11.09

Institutional Class: Net Asset Value, offering price and redemption price per share ($368,603,794 ÷ 32,604,187 shares)		$ 11.31

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

Six months ended September 30, 2014 (Unaudited)

Investment Income
Income distributions from underlying funds		$ 4,676,988

Expenses
Distribution and service plan fees	$ 1,226,316
Independent trustees' compensation	2,506
Total expenses before reductions	1,228,822
Expense reductions	(2,578)	1,226,244
Net investment income (loss)		3,450,744
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	29,259,434
Capital gain distributions from underlying funds	4,963,994
Total net realized gain (loss)		34,223,428
Change in net unrealized appreciation (depreciation) on underlying funds		(10,850,735)
Net gain (loss)		23,372,693
Net increase (decrease) in net assets resulting from operations		$ 26,823,437

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Statement of Changes in Net Assets

	Six months ended September 30, 2014 (Unaudited)	Year ended March 31, 2014
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 3,450,744	$ 11,877,674
Net realized gain (loss)	34,223,428	63,426,028
Change in net unrealized appreciation (depreciation)	(10,850,735)	67,677,843
Net increase (decrease) in net assets resulting from operations	26,823,437	142,981,545
Distributions to shareholders from net investment income	(732,721)	(12,078,309)
Distributions to shareholders from net realized gain	(31,817,616)	(50,000,600)
Total distributions	(32,550,337)	(62,078,909)
Share transactions - net increase (decrease)	5,463,341	154,026,864
Total increase (decrease) in net assets	(263,559)	234,929,500

Net Assets
Beginning of period	1,142,151,623	907,222,123
End of period (including undistributed net investment income of $3,483,811 and undistributed net investment income of $765,788, respectively)	$ 1,141,888,064	$ 1,142,151,623

Financial Highlights - Class A

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.31	$ 10.46	$ 9.79	$ 10.08	$ 8.82	$ 5.86
Income from Investment Operations
Net investment income (loss) ^E	.03	.12	.16	.13	.12	.12
Net realized and unrealized gain (loss)	.23	1.39	.81	(.14)	1.33	3.02
Total from investment operations	.26	1.51	.97	(.01)	1.45	3.14
Distributions from net investment income	(.01)	(.12)	(.15)	(.12)	(.11)	(.11)
Distributions from net realized gain	(.32)	(.54)	(.15)	(.16)	(.08)	(.07)
Total distributions	(.33)	(.66)	(.30)	(.28)	(.19)	(.18)
Net asset value, end of period	$ 11.24	$ 11.31	$ 10.46	$ 9.79	$ 10.08	$ 8.82
Total Return^{B, C, D}	2.37%	14.74%	10.21%	.12%	16.67%	53.81%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	.25%^A	.25%	.25%	.25%	.25%	.25%
Expenses net of fee waivers, if any	.25%^A	.25%	.25%	.25%	.25%	.25%
Expenses net of all reductions	.25%^A	.25%	.25%	.25%	.25%	.25%
Net investment income (loss)	.57%^A	1.12%	1.59%	1.41%	1.35%	1.53%
Supplemental Data
Net assets, end of period (000 omitted)	$ 612,485	$ 612,735	$ 527,525	$ 403,850	$ 320,731	$ 205,405
Portfolio turnover rate ^F	32% ^A	46%	25%	11%	32%	14%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the sales charges.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Class T

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.26	$ 10.42	$ 9.75	$ 10.04	$ 8.79	$ 5.84
Income from Investment Operations
Net investment income (loss)^E	.02	.09	.13	.11	.10	.10
Net realized and unrealized gain (loss)	.22	1.39	.82	(.15)	1.32	3.02
Total from investment operations	.24	1.48	.95	(.04)	1.42	3.12
Distributions from net investment income	-	(.10)	(.12)	(.10)	(.09)	(.10)
Distributions from net realized gain	(.32)	(.54)	(.15)	(.16)	(.08)	(.07)
Total distributions	(.32)	(.64)	(.28)^I	(.25)^H	(.17)	(.17)
Net asset value, end of period	$ 11.18	$ 11.26	$ 10.42	$ 9.75	$ 10.04	$ 8.79
Total Return^{B, C, D}	2.23%	14.45%	10.02%	(.15)%	16.36%	53.52%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	.50%^A	.50%	.50%	.50%	.50%	.50%
Expenses net of fee waivers, if any	.50%^A	.50%	.50%	.50%	.50%	.50%
Expenses net of all reductions	.50%^A	.50%	.50%	.50%	.50%	.50%
Net investment income (loss)	.32%^A	.87%	1.34%	1.16%	1.10%	1.28%
Supplemental Data
Net assets, end of period (000 omitted)	$ 137,129	$ 128,619	$ 92,998	$ 62,438	$ 60,268	$ 43,326
Portfolio turnover rate ^F	32%^A	46%	25%	11%	32%	14%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the sales charges.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.25 per share is comprised of distributions from net investment income of $.096 and distributions from net realized gain of $.155 per share.

^I Total distributions of $.28 per share is comprised of distributions from net investment income of $.124 and distributions from net realized gain of $.153 per share.

Financial Highlights - Class B

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.23	$ 10.39	$ 9.73	$ 10.01	$ 8.77	$ 5.83
Income from Investment Operations
Net investment income (loss) ^E	(.01)	.04	.08	.06	.05	.06
Net realized and unrealized gain (loss)	.23	1.38	.81	(.14)	1.32	3.01
Total from investment operations	.22	1.42	.89	(.08)	1.37	3.07
Distributions from net investment income	-	(.05)	(.08)	(.05)	(.05)	(.06)
Distributions from net realized gain	(.31)	(.53)	(.15)	(.15)	(.08)	(.07)
Total distributions	(.31)	(.58)	(.23)	(.20)	(.13)	(.13)
Net asset value, end of period	$ 11.14	$ 11.23	$ 10.39	$ 9.73	$ 10.01	$ 8.77
Total Return^{B, C, D}	2.00%	13.93%	9.40%	(.62)%	15.71%	52.74%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	(.18)%^A	.37%	.84%	.66%	.60%	.78%
Supplemental Data
Net assets, end of period (000 omitted)	$ 3,103	$ 3,565	$ 3,651	$ 3,786	$ 4,612	$ 4,089
Portfolio turnover rate ^F	32%^A	46%	25%	11%	32%	14%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the contingent deferred sales charge.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Class C

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.19	$ 10.36	$ 9.71	$ 10.00	$ 8.76	$ 5.82
Income from Investment Operations
Net investment income (loss)^E	(.01)	.04	.08	.06	.05	.06
Net realized and unrealized gain (loss)	.22	1.38	.81	(.14)	1.32	3.01
Total from investment operations	.21	1.42	.89	(.08)	1.37	3.07
Distributions from net investment income	-	(.06)	(.09)	(.06)	(.06)	(.06)
Distributions from net realized gain	(.31)	(.53)	(.15)	(.15)	(.08)	(.07)
Total distributions	(.31)	(.59)	(.24)	(.21)	(.13)^I	(.13)
Net asset value, end of period	$ 11.09	$ 11.19	$ 10.36	$ 9.71	$ 10.00	$ 8.76
Total Return^{B, C, D}	1.94%	13.95%	9.42%	(.62)%	15.80%	52.90%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	(.18)%^A	.37%	.84%	.66%	.60%	.78%
Supplemental Data
Net assets, end of period (000 omitted)	$ 20,566	$ 18,457	$ 13,415	$ 9,926	$ 8,753	$ 6,199
Portfolio turnover rate ^F	32%^A	46%	25%	11%	32%	14%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the contingent deferred sales charge.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Amount represents less than $.01 per share.

^I Total distributions of $.13 per share is comprised of distributions from net investment income of $.057 and distributions from net realized gain of $.076 per share.

Financial Highlights - Institutional Class

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.37	$ 10.50	$ 9.83	$ 10.11	$ 8.85	$ 5.87
Income from Investment Operations
Net investment income (loss)^D	.05	.15	.18	.16	.15	.14
Net realized and unrealized gain (loss)	.23	1.41	.81	(.14)	1.32	3.04
Total from investment operations	.28	1.56	.99	.02	1.47	3.18
Distributions from net investment income	(.01)	(.15)	(.17)	(.14)	(.13)	(.13)
Distributions from net realized gain	(.32)	(.54)	(.15)	(.16)	(.08)	(.07)
Total distributions	(.34)^G	(.69)	(.32)	(.30)	(.21)	(.20)
Net asset value, end of period	$ 11.31	$ 11.37	$ 10.50	$ 9.83	$ 10.11	$ 8.85
Total Return^{B, C}	2.51%	15.14%	10.43%	.45%	16.86%	54.35%
Ratios to Average Net Assets^{E, F}
Expenses before reductions	.00%^A	.00%	.00%	.00%	.00%	.00%
Expenses net of fee waivers, if any	.00%^A	.00%	.00%	.00%	.00%	.00%
Expenses net of all reductions	.00%^A	.00%	.00%	.00%	.00%	.00%
Net investment income (loss)	.82%^A	1.37%	1.84%	1.66%	1.60%	1.78%
Supplemental Data
Net assets, end of period (000 omitted)	$ 368,604	$ 378,776	$ 269,633	$ 162,772	$ 83,240	$ 32,842
Portfolio turnover rate ^E	32%^A	46%	25%	11%	32%	14%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^E Amounts do not include the activity of the Underlying Funds.

^F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

^G Total distributions of $.34 per share is comprised of distributions from net investment income of $.013 and distributions from net realized gain of $.324 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fidelity Advisor Freedom 2050 Fund

Investment Changes (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of September 30, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Domestic Equity Funds
Fidelity Advisor Series Equity Growth Fund	6.4	0.0
Fidelity Advisor Series Equity-Income Fund	11.7	11.1
Fidelity Advisor Series Growth & Income Fund	8.3	8.4
Fidelity Advisor Series Growth Opportunities Fund	5.6	5.4
Fidelity Advisor Series Opportunistic Insights Fund	5.3	4.5
Fidelity Advisor Series Small Cap Fund	3.1	3.0
Fidelity Advisor Series Stock Selector Large Cap Value Fund	7.7	7.5
Fidelity Series 100 Index Fund	3.4	3.1
Fidelity Series 1000 Value Index Fund	1.3	1.3
Fidelity Series All-Sector Equity Fund	7.8	7.3
Fidelity Series Commodity Strategy Fund	1.0	0.9
Fidelity Series Real Estate Equity Fund	0.8	0.8
Fidelity Series Small Cap Opportunities Fund	3.6	3.7
Fidelity Advisor Equity Growth Fund Institutional Class	0.0	6.2
	66.0	63.2
International Equity Funds
Fidelity Series Emerging Markets Fund	6.6	5.7
Fidelity Series International Growth Fund	9.1	9.4
Fidelity Series International Small Cap Fund	2.0	2.2
Fidelity Series International Value Fund	9.0	9.5
	26.7	26.8
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.7	0.7
Fidelity Series Floating Rate High Income Fund	0.5	0.1
Fidelity Series High Income Fund	4.4	6.6
Fidelity Series Investment Grade Bond Fund	0.5	2.1
Fidelity Series Real Estate Income Fund	0.5	0.5
	6.6	10.0
Short-Term Funds
Fidelity Advisor Short Fixed-Income Fund Institutional Class	0.2	0.0
Fidelity Institutional Money Market Portfolio Institutional Class	0.5	0.0
	0.7	0.0
Net Other Assets (Liabilities)*	0.0	0.0
	100.0	100.0

* Amount represents less than 0.1%

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds**	66.0%
	International Equity Funds	26.7%
	Bond Funds	6.6%
	Short-Term Funds	0.7%

aff2353833

Six months ago
	Domestic Equity Funds**	63.2%
	International Equity Funds	26.8%
	Bond Funds	10.0%

aff2353838

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity related investments.

Semiannual Report

Fidelity Advisor Freedom 2050 Fund

Investments September 30, 2014 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 66.0%
	Shares		Value
Fidelity Advisor Series Equity Growth Fund (c)	5,107,102		$ 53,011,714
Fidelity Advisor Series Equity-Income Fund (c)	7,417,595		96,873,785
Fidelity Advisor Series Growth & Income Fund (c)	5,116,010		68,810,333
Fidelity Advisor Series Growth Opportunities Fund (c)	4,164,987		45,981,456
Fidelity Advisor Series Opportunistic Insights Fund (c)	2,959,820		44,160,513
Fidelity Advisor Series Small Cap Fund (c)	2,385,483		25,238,409
Fidelity Advisor Series Stock Selector Large Cap Value Fund (c)	4,750,622		63,610,826
Fidelity Series 100 Index Fund (c)	2,178,657		28,540,400
Fidelity Series 1000 Value Index Fund (c)	955,237		10,698,654
Fidelity Series All-Sector Equity Fund (c)	4,355,290		64,893,827
Fidelity Series Commodity Strategy Fund (a)(c)	1,078,104		8,010,310
Fidelity Series Real Estate Equity Fund (c)	505,275		6,447,305
Fidelity Series Small Cap Opportunities Fund (c)	2,474,590		30,091,014
TOTAL DOMESTIC EQUITY FUNDS (Cost $465,465,168)		546,368,546
International Equity Funds - 26.7%

Fidelity Series Emerging Markets Fund (c)	3,058,667		54,566,612
Fidelity Series International Growth Fund (c)	5,371,226		75,036,022
Fidelity Series International Small Cap Fund (c)	1,080,359		16,615,926
Fidelity Series International Value Fund (c)	6,912,840		75,004,311
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $188,370,392)		221,222,871
Bond Funds - 6.6%
	Shares		Value
Fidelity Series Emerging Markets Debt Fund (c)	531,943		$ 5,447,098
Fidelity Series Floating Rate High Income Fund (c)	406,022		4,194,210
Fidelity Series High Income Fund (c)	3,585,057		36,639,279
Fidelity Series Investment Grade Bond Fund (c)	371,719		4,219,015
Fidelity Series Real Estate Income Fund (c)	357,649		3,948,442
TOTAL BOND FUNDS (Cost $53,195,608)		54,448,044
Short-Term Funds - 0.7%

Fidelity Advisor Short Fixed-Income Fund Institutional Class (c)	185,196		1,731,580
Fidelity Institutional Money Market Portfolio Institutional Class 0.08% (b)(c)	4,458,148		4,458,148
TOTAL SHORT-TERM FUNDS (Cost $6,191,580)		6,189,728
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $713,222,748)			828,229,189
NET OTHER ASSETS (LIABILITIES) - 0.0%			(157,615)
NET ASSETS - 100%		$ 828,071,574

Legend

(a) Non-income producing

(b) The rate quoted is the annualized seven-day yield of the fund at period end.

Affiliated Underlying Funds

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Series Equity Growth Fund	$ -	$ 53,216,608	$ 2,138,839	$ -	$ 53,011,714
Fidelity Advisor Equity Growth Fund Institutional Class	51,067,793	1,376,760	53,330,328	-	-
Fidelity Advisor Series Equity-Income Fund	92,017,234	10,382,008	9,240,040	910,446	96,873,785
Fidelity Advisor Series Growth & Income Fund	69,043,002	5,872,673	7,805,198	576,428	68,810,333
Fidelity Advisor Series Growth Opportunities Fund	44,570,967	961,734	1,019,215	-	45,981,456
Fidelity Advisor Series Opportunistic Insights Fund	36,968,854	8,564,707	3,975,799	-	44,160,513
Fidelity Advisor Series Small Cap Fund	24,868,661	2,901,457	2,574,607	-	25,238,409
Fidelity Advisor Series Stock Selector Large Cap Value Fund	61,634,290	5,860,872	7,304,376	-	63,610,826
Fidelity Advisor Short Fixed-Income Fund Institutional Class	-	1,733,432	-	312	1,731,580
Fidelity Institutional Money Market Portfolio Institutional Class	-	4,458,148	-	82	4,458,148
Fidelity Series 100 Index Fund	25,916,855	3,347,683	2,677,049	-	28,540,400
Fidelity Series 1000 Value Index Fund	10,451,384	928,841	1,174,830	-	10,698,654
Fidelity Series All-Sector Equity Fund	60,641,247	7,092,207	6,142,395	-	64,893,827
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Series Commodity Strategy Fund	$ 7,707,162	$ 1,887,286	$ 528,010	$ -	$ 8,010,310
Fidelity Series Emerging Markets Debt Fund	5,634,570	475,449	686,816	154,338	5,447,098
Fidelity Series Emerging Markets Fund	46,752,364	8,709,547	2,510,209	-	54,566,612
Fidelity Series Floating Rate High Income Fund	780,777	4,346,489	895,825	36,562	4,194,210
Fidelity Series High Income Fund	54,792,146	3,841,686	20,320,520	1,291,182	36,639,279
Fidelity Series International Growth Fund	77,850,676	5,607,751	7,410,613	-	75,036,022
Fidelity Series International Small Cap Fund	17,948,594	1,151,832	1,611,363	-	16,615,926
Fidelity Series International Value Fund	78,466,476	5,480,560	7,091,400	-	75,004,311
Fidelity Series Investment Grade Bond Fund	17,488,007	2,040,723	15,495,198	196,674	4,219,015
Fidelity Series Real Estate Equity Fund	6,758,383	1,008,433	1,253,042	60,131	6,447,305
Fidelity Series Real Estate Income Fund	3,944,361	561,115	475,243	98,849	3,948,442
Fidelity Series Small Cap Opportunities Fund	30,650,952	5,845,536	3,121,879	34,972	30,091,014
Total	$ 825,954,755	$ 147,653,537	$ 158,782,794	$ 3,359,976	$ 828,229,189

Other Information

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fidelity Advisor Freedom 2050 Fund

Financial Statements

Statement of Assets and Liabilities

	September 30, 2014 (Unaudited)

Assets
Investment in securities, at value (cost $713,222,748) - See accompanying schedule		$ 828,229,189
Receivable for investments sold		622,586
Receivable for fund shares sold		1,314,034
Receivable from affiliate for expense reductions		33
Total assets		830,165,842

Liabilities
Payable to custodian bank	$ 2
Payable for investments purchased	32,399
Payable for fund shares redeemed	1,904,650
Distribution and service plan fees payable	157,217
Total liabilities		2,094,268

Net Assets		$ 828,071,574
Net Assets consist of:
Paid in capital		$ 686,947,966
Undistributed net investment income		2,418,503
Accumulated undistributed net realized gain (loss) on investments		23,698,664
Net unrealized appreciation (depreciation) on investments		115,006,441
Net Assets		$ 828,071,574

Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($403,943,390 ÷ 36,205,419 shares)		$ 11.16

Maximum offering price per share (100/94.25 of $11.16)		$ 11.84
Class T: Net Asset Value and redemption price per share ($116,127,738 ÷ 10,453,521 shares)		$ 11.11

Maximum offering price per share (100/96.50 of $11.11)		$ 11.51
Class B: Net Asset Value and offering price per share ($4,072,259 ÷ 368,802 shares)^A		$ 11.04

Class C: Net Asset Value and offering price per share ($22,551,594 ÷ 2,045,091 shares)^A		$ 11.03

Institutional Class: Net Asset Value, offering price and redemption price per share ($281,376,593 ÷ 25,070,584 shares)		$ 11.22

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

Six months ended September 30, 2014 (Unaudited)

Investment Income
Income distributions from underlying funds		$ 3,359,976

Expenses
Distribution and service plan fees	$ 937,774
Independent trustees' compensation	1,810
Total expenses before reductions	939,584
Expense reductions	(1,855)	937,729
Net investment income (loss)		2,422,247
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	21,458,131
Capital gain distributions from underlying funds	3,576,192
Total net realized gain (loss)		25,034,323
Change in net unrealized appreciation (depreciation) on underlying funds		(8,054,450)
Net gain (loss)		16,979,873
Net increase (decrease) in net assets resulting from operations		$ 19,402,120

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fund Name
Financial Statements - continued

Statement of Changes in Net Assets

	Six months ended September 30, 2014 (Unaudited)	Year ended March 31, 2014
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 2,422,247	$ 8,465,636
Net realized gain (loss)	25,034,323	48,136,687
Change in net unrealized appreciation (depreciation)	(8,054,450)	48,837,052
Net increase (decrease) in net assets resulting from operations	19,402,120	105,439,375
Distributions to shareholders from net investment income	(517,566)	(8,609,427)
Distributions to shareholders from net realized gain	(24,060,257)	(37,277,454)
Total distributions	(24,577,823)	(45,886,881)
Share transactions - net increase (decrease)	7,444,754	100,312,280
Total increase (decrease) in net assets	2,269,051	159,864,774

Net Assets
Beginning of period	825,802,523	665,937,749
End of period (including undistributed net investment income of $2,418,503 and undistributed net investment income of $513,822, respectively)	$ 828,071,574	$ 825,802,523

Financial Highlights - Class A

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.24	$ 10.39	$ 9.61	$ 9.93	$ 8.66	$ 5.67
Income from Investment Operations
Net investment income (loss)^E	.03	.12	.15	.12	.11	.11
Net realized and unrealized gain (loss)	.23	1.40	.82	(.17)	1.34	3.05
Total from investment operations	.26	1.52	.97	(.05)	1.45	3.16
Distributions from net investment income	(.01)	(.12)	(.14)	(.11)	(.11)	(.10)
Distributions from net realized gain	(.34)	(.55)	(.05)	(.16)	(.08)	(.07)
Total distributions	(.34)^I	(.67)	(.19)	(.27)	(.18)^H	(.17)
Net asset value, end of period	$ 11.16	$ 11.24	$ 10.39	$ 9.61	$ 9.93	$ 8.66
Total Return^{B, C, D}	2.42%	14.91%	10.23%	(.22)%	16.99%	55.94%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	.25%^A	.25%	.25%	.25%	.25%	.25%
Expenses net of fee waivers, if any	.25%^A	.25%	.25%	.25%	.25%	.25%
Expenses net of all reductions	.25%^A	.25%	.25%	.25%	.25%	.25%
Net investment income (loss)	.56%^A	1.10%	1.56%	1.32%	1.23%	1.43%
Supplemental Data
Net assets, end of period (000 omitted)	$ 403,943	$ 401,589	$ 352,814	$ 280,478	$ 220,549	$ 137,716
Portfolio turnover rate ^F	36%^A	47%	28%	12%	36%	15%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the sales charges.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.18 per share is comprised of distributions from net investment income of $.105 and distributions from net realized gain of $.079 per share.

^I Total distributions of $.34 per share is comprised of distributions from net investment income of $.006 and distributions from net realized gain of $.338 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Class T

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.20	$ 10.36	$ 9.58	$ 9.90	$ 8.64	$ 5.66
Income from Investment Operations
Net investment income (loss)^E	.02	.09	.13	.10	.09	.09
Net realized and unrealized gain (loss)	.23	1.39	.81	(.17)	1.33	3.05
Total from investment operations	.25	1.48	.94	(.07)	1.42	3.14
Distributions from net investment income	-	(.10)	(.12)	(.09)	(.09)	(.09)
Distributions from net realized gain	(.34)	(.55)	(.05)	(.16)	(.08)	(.07)
Total distributions	(.34)	(.64)^J	(.16)^I	(.25)	(.16)^H	(.16)
Net asset value, end of period	$ 11.11	$ 11.20	$ 10.36	$ 9.58	$ 9.90	$ 8.64
Total Return^{B, C, D}	2.28%	14.61%	9.99%	(.48)%	16.66%	55.57%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	.50%^A	.50%	.50%	.50%	.50%	.50%
Expenses net of fee waivers, if any	.50%^A	.50%	.50%	.50%	.50%	.50%
Expenses net of all reductions	.50%^A	.50%	.50%	.50%	.50%	.50%
Net investment income (loss)	.31%^A	.85%	1.31%	1.07%	.98%	1.18%
Supplemental Data
Net assets, end of period (000 omitted)	$ 116,128	$ 115,391	$ 89,196	$ 64,512	$ 61,195	$ 46,449
Portfolio turnover rate ^F	36%^A	47%	28%	12%	36%	15%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the sales charges.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.16 per share is comprised of distributions from net investment income of $.085 and distributions from net realized gain of $.079 per share.

^I Total distributions of $.16 per share is comprised of distributions from net investment income of $.117 and distributions from net realized gain of $.046 per share.

^J Total distributions of $.64 per share is comprised of distributions from net investment income of $.097 and distributions from net realized gain of $.546 per share.

Financial Highlights - Class B

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.15	$ 10.31	$ 9.54	$ 9.86	$ 8.60	$ 5.64
Income from Investment Operations
Net investment income (loss)^E	(.01)	.04	.08	.05	.04	.05
Net realized and unrealized gain (loss)	.22	1.38	.81	(.17)	1.34	3.03
Total from investment operations	.21	1.42	.89	(.12)	1.38	3.08
Distributions from net investment income	-	(.05)	(.08)	(.05)	(.05)	(.05)
Distributions from net realized gain	(.32)	(.54)	(.05)	(.15)	(.07)	(.07)
Total distributions	(.32)	(.58)^I	(.12)^H	(.20)	(.12)	(.12)
Net asset value, end of period	$ 11.04	$ 11.15	$ 10.31	$ 9.54	$ 9.86	$ 8.60
Total Return^{B, C, D}	1.96%	14.06%	9.47%	(1.06)%	16.16%	54.72%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	(.19)%^A	.35%	.81%	.57%	.48%	.68%
Supplemental Data
Net assets, end of period (000 omitted)	$ 4,072	$ 5,038	$ 5,532	$ 5,643	$ 6,704	$ 5,847
Portfolio turnover rate ^F	36%^A	47%	28%	12%	36%	15%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the contingent deferred sales charge.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.12 per share is comprised of distributions from net investment income of $.077 and distributions from net realized gain of $.046 per share.

^I Total distributions of $.58 per share is comprised of distributions from net investment income of $.047 and distributions from net realized gain of $.536 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Class C

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.14	$ 10.31	$ 9.54	$ 9.87	$ 8.61	$ 5.63
Income from Investment Operations
Net investment income (loss) ^E	(.01)	.04	.08	.05	.04	.05
Net realized and unrealized gain (loss)	.23	1.38	.82	(.18)	1.34	3.05
Total from investment operations	.22	1.42	.90	(.13)	1.38	3.10
Distributions from net investment income	-	(.06)	(.08)	(.05)	(.05)	(.05)
Distributions from net realized gain	(.33)	(.54)	(.05)	(.15)	(.07)	(.07)
Total distributions	(.33)	(.59)^H	(.13)	(.20)	(.12)	(.12)
Net asset value, end of period	$ 11.03	$ 11.14	$ 10.31	$ 9.54	$ 9.87	$ 8.61
Total Return^{B, C, D}	1.99%	14.06%	9.53%	(1.08)%	16.16%	55.15%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of fee waivers, if any	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Expenses net of all reductions	1.00%^A	1.00%	1.00%	1.00%	1.00%	1.00%
Net investment income (loss)	(.19)%^A	.35%	.81%	.57%	.48%	.68%
Supplemental Data
Net assets, end of period (000 omitted)	$ 22,552	$ 21,190	$ 16,188	$ 13,344	$ 12,014	$ 9,646
Portfolio turnover rate ^F	36% ^A	47%	28%	12%	36%	15%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the contingent deferred sales charge.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^H Total distributions of $.59 per share is comprised of distributions from net investment income of $.056 and distributions from net realized gain of $.536 per share.

Financial Highlights - Institutional Class

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.30	$ 10.44	$ 9.65	$ 9.97	$ 8.70	$ 5.68
Income from Investment Operations
Net investment income (loss) ^D	.05	.15	.18	.15	.13	.13
Net realized and unrealized gain (loss)	.22	1.40	.82	(.18)	1.34	3.08
Total from investment operations	.27	1.55	1.00	(.03)	1.47	3.21
Distributions from net investment income	(.01)	(.15)	(.16)	(.13)	(.13)	(.12)
Distributions from net realized gain	(.34)	(.55)	(.05)	(.16)	(.08)	(.07)
Total distributions	(.35)	(.69)^H	(.21)	(.29)	(.20)^G	(.19)
Net asset value, end of period	$ 11.22	$ 11.30	$ 10.44	$ 9.65	$ 9.97	$ 8.70
Total Return^{B, C}	2.47%	15.20%	10.55%	.02%	17.17%	56.66%
Ratios to Average Net Assets^{E, F}
Expenses before reductions	.00%^A	.00%	.00%	.00%	.00%	.00%
Expenses net of fee waivers, if any	.00%^A	.00%	.00%	.00%	.00%	.00%
Expenses net of all reductions	.00%^A	.00%	.00%	.00%	.00%	.00%
Net investment income (loss)	.81%^A	1.35%	1.81%	1.57%	1.48%	1.68%
Supplemental Data
Net assets, end of period (000 omitted)	$ 281,377	$ 282,594	$ 202,208	$ 126,497	$ 62,785	$ 40,214
Portfolio turnover rate ^E	36% ^A	47%	28%	12%	36%	15%

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^E Amounts do not include the activity of the Underlying Funds.

^F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

^G Total distributions of $.20 per share is comprised of distributions from net investment income of $.125 and distributions from net realized gain of $.078 per share.

^H Total distributions of $.69 per share is comprised of distributions from net investment income of $.147 and distributions from net realized gain of $.546 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fidelity Advisor Freedom 2055 Fund

Investment Changes (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of September 30, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Domestic Equity Funds
Fidelity Advisor Series Equity Growth Fund	6.0	0.0
Fidelity Advisor Series Equity-Income Fund	11.8	11.4
Fidelity Advisor Series Growth & Income Fund	8.1	8.4
Fidelity Advisor Series Growth Opportunities Fund	5.4	5.1
Fidelity Advisor Series Opportunistic Insights Fund	5.5	4.9
Fidelity Advisor Series Small Cap Fund	3.2	3.1
Fidelity Advisor Series Stock Selector Large Cap Value Fund	7.8	7.5
Fidelity Series 100 Index Fund	3.6	3.2
Fidelity Series 1000 Value Index Fund	1.3	1.3
Fidelity Series All-Sector Equity Fund	7.9	7.1
Fidelity Series Commodity Strategy Fund	1.0	0.9
Fidelity Series Real Estate Equity Fund	0.8	1.0
Fidelity Series Small Cap Opportunities Fund	3.8	3.7
Fidelity Advisor Equity Growth Fund Institutional Class	0.0	5.7
	66.2	63.3
International Equity Funds
Fidelity Series Emerging Markets Fund	6.6	5.6
Fidelity Series International Growth Fund	8.9	9.5
Fidelity Series International Small Cap Fund	2.0	2.3
Fidelity Series International Value Fund	8.9	9.5
	26.4	26.9
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.6	0.7
Fidelity Series Floating Rate High Income Fund	0.5	0.0*
Fidelity Series High Income Fund	4.4	6.6
Fidelity Series Investment Grade Bond Fund	0.5	2.2
Fidelity Series Real Estate Income Fund	0.5	0.3
	6.5	9.8
Short-Term Funds
Fidelity Advisor Short Fixed-Income Fund Institutional Class	0.3	0.0
Fidelity Institutional Money Market Portfolio Institutional Class	0.6	0.0
	0.9	0.0
Net Other Assets (Liabilities)*	0.0	0.0
	100.0	100.0

* Amount represents less than 0.1%

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds**	66.2%
	International Equity Funds	26.4%
	Bond Funds	6.5%
	Short-Term Funds	0.9%

aff2353844

Six months ago
	Domestic Equity Funds**	63.3%
	International Equity Funds	26.9%
	Bond Funds	9.8%

aff2353849

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity related investments.

Semiannual Report

Fidelity Advisor Freedom 2055 Fund

Investments September 30, 2014 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 66.2%
	Shares		Value
Fidelity Advisor Series Equity Growth Fund (c)	1,121,823		$ 11,644,524
Fidelity Advisor Series Equity-Income Fund (c)	1,737,328		22,689,500
Fidelity Advisor Series Growth & Income Fund (c)	1,164,841		15,667,108
Fidelity Advisor Series Growth Opportunities Fund (c)	939,923		10,376,754
Fidelity Advisor Series Opportunistic Insights Fund (c)	704,384		10,509,405
Fidelity Advisor Series Small Cap Fund (c)	580,633		6,143,094
Fidelity Advisor Series Stock Selector Large Cap Value Fund (c)	1,123,976		15,050,044
Fidelity Series 100 Index Fund (c)	526,016		6,890,804
Fidelity Series 1000 Value Index Fund (c)	224,033		2,509,169
Fidelity Series All-Sector Equity Fund (c)	1,019,047		15,183,805
Fidelity Series Commodity Strategy Fund (a)(c)	250,562		1,861,676
Fidelity Series Real Estate Equity Fund (c)	118,326		1,509,837
Fidelity Series Small Cap Opportunities Fund (c)	595,872		7,245,804
TOTAL DOMESTIC EQUITY FUNDS (Cost $117,351,762)		127,281,524
International Equity Funds - 26.4%

Fidelity Series Emerging Markets Fund (c)	711,388		12,691,156
Fidelity Series International Growth Fund (c)	1,229,392		17,174,606
Fidelity Series International Small Cap Fund (c)	250,516		3,852,941
Fidelity Series International Value Fund (c)	1,581,219		17,156,221
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $47,990,619)		50,874,924
Bond Funds - 6.5%
	Shares		Value
Fidelity Series Emerging Markets Debt Fund (c)	117,478		$ 1,202,970
Fidelity Series Floating Rate High Income Fund (c)	93,328		964,077
Fidelity Series High Income Fund (c)	829,760		8,480,147
Fidelity Series Investment Grade Bond Fund (c)	86,362		980,206
Fidelity Series Real Estate Income Fund (c)	83,070		917,094
TOTAL BOND FUNDS (Cost $12,586,643)		12,544,494
Short-Term Funds - 0.9%

Fidelity Advisor Short Fixed-Income Fund Institutional Class (c)	55,638		520,213
Fidelity Institutional Money Market Portfolio Institutional Class 0.08% (b)(c)	1,150,775		1,150,775
TOTAL SHORT-TERM FUNDS (Cost $1,671,544)		1,670,988
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $179,600,568)			192,371,930
NET OTHER ASSETS (LIABILITIES) - 0.0%			(30,505)
NET ASSETS - 100%		$ 192,341,425

Legend

(a) Non-income producing

(b) The rate quoted is the annualized seven-day yield of the fund at period end.

Affiliated Underlying Funds

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Series Equity Growth Fund	$ -	$ 11,535,117	$ 274,909	$ -	$ 11,644,524
Fidelity Advisor Equity Growth Fund Institutional Class	8,880,395	1,034,860	10,100,451	-	-
Fidelity Advisor Series Equity-Income Fund	17,895,119	6,166,288	2,137,938	189,501	22,689,500
Fidelity Advisor Series Growth & Income Fund	13,265,158	3,903,987	1,822,594	113,419	15,667,108
Fidelity Advisor Series Growth Opportunities Fund	8,026,517	2,098,434	44,498	-	10,376,754
Fidelity Advisor Series Opportunistic Insights Fund	7,732,493	2,991,258	809,081	-	10,509,405
Fidelity Advisor Series Small Cap Fund	4,851,837	1,816,232	513,122	-	6,143,094
Fidelity Advisor Series Stock Selector Large Cap Value Fund	11,851,287	4,009,518	1,508,579	-	15,050,044
Fidelity Advisor Short Fixed-Income Fund Institutional Class	-	520,769	-	94	520,213
Fidelity Institutional Money Market Portfolio Institutional Class	-	1,150,775	-	21	1,150,775
Fidelity Series 100 Index Fund	5,006,785	2,098,374	630,028	-	6,890,804
Fidelity Series 1000 Value Index Fund	2,029,502	667,689	286,858	-	2,509,169
Fidelity Series All-Sector Equity Fund	11,151,907	4,501,075	1,165,609	-	15,183,805
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Series Commodity Strategy Fund	$ 1,467,193	$ 703,079	$ 76,966	$ -	$ 1,861,676
Fidelity Series Emerging Markets Debt Fund	1,074,301	244,458	115,983	32,381	1,202,970
Fidelity Series Emerging Markets Fund	8,827,477	4,037,669	407,596	-	12,691,156
Fidelity Series Floating Rate High Income Fund	16,117	1,101,396	145,687	5,872	964,077
Fidelity Series High Income Fund	10,425,524	1,941,981	3,520,414	268,735	8,480,147
Fidelity Series International Growth Fund	14,898,127	3,787,420	1,235,993	-	17,174,606
Fidelity Series International Small Cap Fund	3,562,259	856,345	364,221	-	3,852,941
Fidelity Series International Value Fund	15,006,060	3,768,332	1,148,476	-	17,156,221
Fidelity Series Investment Grade Bond Fund	3,475,861	1,244,394	3,775,649	46,160	980,206
Fidelity Series Real Estate Equity Fund	1,611,534	549,794	640,840	14,432	1,509,837
Fidelity Series Real Estate Income Fund	423,596	566,935	47,533	19,727	917,094
Fidelity Series Small Cap Opportunities Fund	5,878,390	2,698,241	575,347	8,249	7,245,804
Total	$ 157,357,439	$ 63,994,420	$ 31,348,372	$ 698,591	$ 192,371,930

Other Information

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fidelity Advisor Freedom 2055 Fund

Financial Statements

Statement of Assets and Liabilities

	September 30, 2014 (Unaudited)

Assets
Investment in securities, at value (cost $179,600,568) - See accompanying schedule		$ 192,371,930
Cash		9,459
Receivable for investments sold		104,758
Receivable for fund shares sold		590,077
Receivable from affiliate for expense reductions		42
Total assets		193,076,266

Liabilities
Payable for fund shares redeemed	$ 701,698
Distribution and service plan fees payable	33,143
Total liabilities		734,841

Net Assets		$ 192,341,425
Net Assets consist of:
Paid in capital		$ 176,204,576
Undistributed net investment income		513,916
Accumulated undistributed net realized gain (loss) on investments		2,851,571
Net unrealized appreciation (depreciation) on investments		12,771,362
Net Assets		$ 192,341,425

Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($96,325,659 ÷ 8,152,753 shares)		$ 11.82

Maximum offering price per share (100/94.25 of $11.82)		$ 12.54
Class T: Net Asset Value and redemption price per share ($24,787,089 ÷ 2,104,089 shares)		$ 11.78

Maximum offering price per share (100/96.50 of $11.78)		$ 12.21
Class C: Net Asset Value and offering price per share ($3,242,313 ÷ 275,377 shares)^A		$ 11.77

Institutional Class: Net Asset Value, offering price and redemption price per share ($67,986,364 ÷ 5,732,987 shares)		$ 11.86

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

Six months ended September 30, 2014 (Unaudited)

Investment Income
Income distributions from underlying funds		$ 698,591

Expenses
Distribution and service plan fees	$ 182,418
Independent trustees' compensation	369
Total expenses before reductions	182,787
Expense reductions	(479)	182,308
Net investment income (loss)		516,283
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	2,174,824
Capital gain distributions from underlying funds	796,993
Total net realized gain (loss)		2,971,817
Change in net unrealized appreciation (depreciation) on underlying funds		193,614
Net gain (loss)		3,165,431
Net increase (decrease) in net assets resulting from operations		$ 3,681,714

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Statement of Changes in Net Assets

	Six months ended September 30, 2014 (Unaudited)	Year ended March 31, 2014
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 516,283	$ 1,218,961
Net realized gain (loss)	2,971,817	4,749,422
Change in net unrealized appreciation (depreciation)	193,614	9,384,388
Net increase (decrease) in net assets resulting from operations	3,681,714	15,352,771
Distributions to shareholders from net investment income	(97,351)	(1,169,063)
Distributions to shareholders from net realized gain	(2,185,675)	(3,355,879)
Total distributions	(2,283,026)	(4,524,942)
Share transactions - net increase (decrease)	33,611,441	87,257,338
Total increase (decrease) in net assets	35,010,129	98,085,167

Net Assets
Beginning of period	157,331,296	59,246,129
End of period (including undistributed net investment income of $513,916 and undistributed net investment income of $94,984, respectively)	$ 192,341,425	$ 157,331,296

Financial Highlights - Class A

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012 ^G
Selected Per-Share Data
Net asset value, beginning of period	$ 11.71	$ 10.56	$ 9.75	$ 10.00
Income from Investment Operations
Net investment income (loss) ^E	.03	.12	.18	.11
Net realized and unrealized gain (loss)	.25	1.49	.83	(.11)
Total from investment operations	.28	1.61	1.01	-
Distributions from net investment income	(.01)	(.11)	(.13)	(.11)
Distributions from net realized gain	(.16)	(.36)	(.07)	(.15)
Total distributions	(.17)	(.46)^J	(.20)	(.25)^I
Net asset value, end of period	$ 11.82	$ 11.71	$ 10.56	$ 9.75
Total Return^{B, C, D}	2.41%	15.45%	10.51%	.29%
Ratios to Average Net Assets^{F, H}
Expenses before reductions	.25%^A	.25%	.25%	.25%^A
Expenses net of fee waivers, if any	.25%^A	.25%	.25%	.25%^A
Expenses net of all reductions	.25%^A	.25%	.25%	.25%^A
Net investment income (loss)	.55%^A	1.11%	1.82%	1.44%^A
Supplemental Data
Net assets, end of period (000 omitted)	$ 96,326	$ 81,217	$ 32,476	$ 2,655
Portfolio turnover rate ^F	36% ^A	43%	29%	18% ^A

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the sales charges.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^G For the period June 1, 2011 (commencement of operations) to March 31, 2012.

^H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

^I Total distributions of $.25 per share is comprised of distributions from net investment income of $.105 and distributions from net realized gain of $.146 per share.

^J Total distributions of $.46 per share is comprised of distributions from net investment income of $.106 and distributions from net realized gain of $.355 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Class T

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012 ^G
Selected Per-Share Data
Net asset value, beginning of period	$ 11.68	$ 10.55	$ 9.75	$ 10.00
Income from Investment Operations
Net investment income (loss) ^E	.02	.10	.16	.09
Net realized and unrealized gain (loss)	.24	1.47	.82	(.10)
Total from investment operations	.26	1.57	.98	(.01)
Distributions from net investment income	-	(.09)	(.11)	(.09)
Distributions from net realized gain	(.16)	(.36)	(.07)	(.15)
Total distributions	(.16)	(.44)^I	(.18)	(.24)
Net asset value, end of period	$ 11.78	$ 11.68	$ 10.55	$ 9.75
Total Return^{B, C, D}	2.27%	15.07%	10.24%	.12%
Ratios to Average Net Assets^{F, H}
Expenses before reductions	.50%^A	.50%	.50%	.50%^A
Expenses net of fee waivers, if any	.50%^A	.50%	.50%	.50%^A
Expenses net of all reductions	.50%^A	.50%	.50%	.50%^A
Net investment income (loss)	.30%^A	.86%	1.57%	1.19%^A
Supplemental Data
Net assets, end of period (000 omitted)	$ 24,787	$ 19,134	$ 7,239	$ 1,444
Portfolio turnover rate ^F	36% ^A	43%	29%	18%^A

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the sales charges.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^G For the period June 1, 2011 (commencement of operations) to March 31, 2012.

^I Total distributions of $.44 per share is comprised of distributions from net investment income of $.086 and distributions from net realized gain of $.355 per share.

Financial Highlights - Class C

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012 ^G
Selected Per-Share Data
Net asset value, beginning of period	$ 11.69	$ 10.57	$ 9.74	$ 10.00
Income from Investment Operations
Net investment income (loss) ^E	(.01)	.04	.10	.05
Net realized and unrealized gain (loss)	.24	1.47	.83	(.10)
Total from investment operations	.23	1.51	.93	(.05)
Distributions from net investment income	-	(.05)	(.03)	(.06)
Distributions from net realized gain	(.15)	(.35)	(.07)	(.15)
Total distributions	(.15)	(.39)^I	(.10)	(.21)
Net asset value, end of period	$ 11.77	$ 11.69	$ 10.57	$ 9.74
Total Return^{B, C, D}	1.98%	14.46%	9.69%	(.27)%
Ratios to Average Net Assets^{F, H}
Expenses before reductions	1.00%^A	1.00%	1.00%	1.00%^A
Expenses net of fee waivers, if any	1.00%^A	1.00%	1.00%	1.00%^A
Expenses net of all reductions	1.00%^A	1.00%	1.00%	1.00%^A
Net investment income (loss)	(.20)%^A	.36%	1.07%	.69%^A
Supplemental Data
Net assets, end of period (000 omitted)	$ 3,242	$ 2,491	$ 1,094	$ 1,127
Portfolio turnover rate ^F	36% ^A	43%	29%	18%^A

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Total returns do not include the effect of the contingent deferred sales charge.

^E Calculated based on average shares outstanding during the period.

^F Amounts do not include the activity of the Underlying Funds.

^G For the period June 1, 2011 (commencement of operations) to March 31, 2012.

^I Total distributions of $.39 per share is comprised of distributions from net investment income of $.048 and distributions from net realized gain of $.345 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Institutional Class

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012 ^G
Selected Per-Share Data
Net asset value, beginning of period	$ 11.74	$ 10.59	$ 9.76	$ 10.00
Income from Investment Operations
Net investment income (loss) ^D	.05	.15	.21	.13
Net realized and unrealized gain (loss)	.24	1.48	.83	(.11)
Total from investment operations	.29	1.63	1.04	.02
Distributions from net investment income	(.01)	(.13)	(.14)	(.12)
Distributions from net realized gain	(.16)	(.36)	(.07)	(.15)
Total distributions	(.17)	(.48)^J	(.21)	(.26)^I
Net asset value, end of period	$ 11.86	$ 11.74	$ 10.59	$ 9.76
Total Return^{B, C}	2.54%	15.61%	10.84%	.51%
Ratios to Average Net Assets^{E, H}
Expenses before reductions ^F	.00%^A	.00%	.00%	.00%^A
Expenses net of fee waivers, if any	.00%^A	.00%	.00%	.00%^A
Expenses net of all reductions	.00%^A	.00%	.00%	.00%^A
Net investment income (loss)	.80%^A	1.36%	2.07%	1.69%^A
Supplemental Data
Net assets, end of period (000 omitted)	$ 67,986	$ 54,490	$ 18,438	$ 2,503
Portfolio turnover rate ^E	36%^A	43%	29%	18% ^A

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^E Amounts do not include the activity of the Underlying Funds.

^F Amount represents less than .01%

^G For the period June 1, 2011 (commencement of operations) to March 31, 2012.

^I Total distributions of $.26 per share is comprised of distributions from net investment income of $.116 and distributions from net realized gain of $.146 per share.

^J Total distributions of $.48 per share is comprised of distributions from net investment income of $.127 and distributions from net realized gain of $.355 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fidelity Advisor Freedom 2060 Fund

Investment Summary (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of September 30, 2014
	% of fund's net assets
Domestic Equity Funds
Fidelity Advisor Series Equity Growth Fund	6.0
Fidelity Advisor Series Equity-Income Fund	11.8
Fidelity Advisor Series Growth & Income Fund	8.2
Fidelity Advisor Series Growth Opportunities Fund	5.5
Fidelity Advisor Series Opportunistic Insights Fund	5.4
Fidelity Advisor Series Small Cap Fund	3.2
Fidelity Advisor Series Stock Selector Large Cap Value Fund	7.8
Fidelity Series 100 Index Fund	3.6
Fidelity Series 1000 Value Index Fund	1.3
Fidelity Series All-Sector Equity Fund	7.8
Fidelity Series Commodity Strategy Fund	1.0
Fidelity Series Real Estate Equity Fund	0.8
Fidelity Series Small Cap Opportunities Fund	3.7
	66.1
International Equity Funds
Fidelity Series Emerging Markets Fund	6.5
Fidelity Series International Growth Fund	9.1
Fidelity Series International Small Cap Fund	2.0
Fidelity Series International Value Fund	9.2
	26.8
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.6
Fidelity Series Floating Rate High Income Fund	0.5
Fidelity Series High Income Fund	4.3
Fidelity Series Investment Grade Bond Fund	0.5
Fidelity Series Real Estate Income Fund	0.5
	6.4
Short-Term Funds
Fidelity Advisor Short Fixed-Income Fund Institutional Class	0.2
Fidelity Institutional Money Market Portfolio Institutional Class	0.5
	0.7
Net Other Assets (Liabilities)*	0.0
	100.0

* Amount represents less than 0.1%

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds**	66.1%
	International Equity Funds	26.8%
	Bond Funds	6.4%
	Short-Term Funds	0.7%

aff2353855

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity related investments.

Semiannual Report

Fidelity Advisor Freedom 2060 Fund

Investments September 30, 2014 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 66.1%
	Shares		Value
Fidelity Advisor Series Equity Growth Fund (c)	2,473		$ 25,675
Fidelity Advisor Series Equity-Income Fund (c)	3,872		50,575
Fidelity Advisor Series Growth & Income Fund (c)	2,623		35,284
Fidelity Advisor Series Growth Opportunities Fund (c)	2,157		23,815
Fidelity Advisor Series Opportunistic Insights Fund (c)	1,570		23,424
Fidelity Advisor Series Small Cap Fund (c)	1,296		13,714
Fidelity Advisor Series Stock Selector Large Cap Value Fund (c)	2,504		33,531
Fidelity Series 100 Index Fund (c)	1,172		15,355
Fidelity Series 1000 Value Index Fund (c)	500		5,595
Fidelity Series All-Sector Equity Fund (c)	2,264		33,728
Fidelity Series Commodity Strategy Fund (a)(c)	560		4,158
Fidelity Series Real Estate Equity Fund (c)	263		3,352
Fidelity Series Small Cap Opportunities Fund (c)	1,330		16,167
TOTAL DOMESTIC EQUITY FUNDS (Cost $280,094)		284,373
International Equity Funds - 26.8%

Fidelity Series Emerging Markets Fund (c)	1,562		27,871
Fidelity Series International Growth Fund (c)	2,803		39,159
Fidelity Series International Small Cap Fund (c)	570		8,760
Fidelity Series International Value Fund (c)	3,625		39,327
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $117,724)		115,117
Bond Funds - 6.4%
	Shares		Value
Fidelity Series Emerging Markets Debt Fund (c)	249		$ 2,552
Fidelity Series Floating Rate High Income Fund (c)	211		2,183
Fidelity Series High Income Fund (c)	1,826		18,666
Fidelity Series Investment Grade Bond Fund (c)	193		2,190
Fidelity Series Real Estate Income Fund (c)	186		2,050
TOTAL BOND FUNDS (Cost $28,034)		27,641
Short-Term Funds - 0.7%

Fidelity Advisor Short Fixed-Income Fund Institutional Class (c)	77		719
Fidelity Institutional Money Market Portfolio Institutional Class 0.08% (b)(c)	2,142		2,142
TOTAL SHORT-TERM FUNDS (Cost $2,862)		2,861
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $428,714)			429,992
NET OTHER ASSETS (LIABILITIES) - 0.0%			(163)
NET ASSETS - 100%		$ 429,829

Legend

(a) Non-income producing

(b) The rate quoted is the annualized seven-day yield of the fund at period end.

Affiliated Underlying Funds

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Series Equity Growth Fund	$ -	$ 26,707	$ 1,908	$ -	$ 25,675
Fidelity Advisor Series Equity-Income Fund	-	54,118	4,669	-	50,575
Fidelity Advisor Series Growth & Income Fund	-	37,641	2,485	-	35,284
Fidelity Advisor Series Growth Opportunities Fund	-	23,118	-	-	23,815
Fidelity Advisor Series Opportunistic Insights Fund	-	24,507	1,811	-	23,424
Fidelity Advisor Series Small Cap Fund	-	14,689	970	-	13,714
Fidelity Advisor Series Stock Selector Large Cap Value Fund	-	35,498	2,562	-	33,531
Fidelity Advisor Short Fixed-Income Fund Institutional Class	-	720	-	-	719
Fidelity Institutional Money Market Portfolio Institutional Class	-	2,142	-	-	2,142
Fidelity Series 100 Index Fund	-	15,942	1,091	-	15,355
Fidelity Series 1000 Value Index Fund	-	5,913	423	-	5,595
Fidelity Series All-Sector Equity Fund	-	35,499	2,797	-	33,728
Fidelity Series Commodity Strategy Fund	-	4,452	2	-	4,158
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Series Emerging Markets Debt Fund	$ -	$ 2,981	$ 374	$ 22	$ 2,552
Fidelity Series Emerging Markets Fund	-	29,130	8	-	27,871
Fidelity Series Floating Rate High Income Fund	-	2,209	8	12	2,183
Fidelity Series High Income Fund	-	22,129	3,231	158	18,666
Fidelity Series International Growth Fund	-	40,075	510	-	39,159
Fidelity Series International Small Cap Fund	-	9,133	110	-	8,760
Fidelity Series International Value Fund	-	40,056	45	-	39,327
Fidelity Series Investment Grade Bond Fund	-	10,087	7,893	19	2,190
Fidelity Series Real Estate Equity Fund	-	3,926	312	18	3,352
Fidelity Series Real Estate Income Fund	-	2,149	25	28	2,050
Fidelity Series Small Cap Opportunities Fund	-	18,346	1,160	18	16,167
Total	$ -	$ 461,167	$ 32,394	$ 275	$ 429,992

Other Information

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fidelity Advisor Freedom 2060 Fund

Financial Statements

Statement of Assets and Liabilities

	September 30, 2014 (Unaudited)

Assets
Investment in securities, at value (cost $428,714) - See accompanying schedule		$ 429,992

Liabilities
Distribution and service plan fees payable		163

Net Assets		$ 429,829
Net Assets consist of:
Paid in capital		$ 427,026
Accumulated net investment loss		(17)
Accumulated undistributed net realized gain (loss) on investments		1,542
Net unrealized appreciation (depreciation) on investments		1,278
Net Assets		$ 429,829

Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($111,393 ÷ 11,044 shares)		$ 10.09

Maximum offering price per share (100/94.25 of $10.09)		$ 10.71
Class T: Net Asset Value and redemption price per share ($104,683 ÷ 10,383 shares)		$ 10.08

Maximum offering price per share (100/96.50 of $10.08)		$ 10.45
Class C: Net Asset Value and offering price per share ($112,850 ÷ 11,202 shares)^A		$ 10.07

Institutional Class: Net Asset Value, offering price and redemption price per share ($100,903 ÷ 10,000 shares)		$ 10.09

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

For the period August 5, 2014 (commencement of operations) to September 30, 2014 (Unaudited)

Investment Income
Income distributions from underlying funds		$ 275

Expenses
Distribution and service plan fees		292
Net investment income (loss)		(17)
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	$ (58)
Capital gain distributions from underlying funds	1,600
Total net realized gain (loss)		1,542
Change in net unrealized appreciation (depreciation) on underlying funds		1,278
Net gain (loss)		2,820
Net increase (decrease) in net assets resulting from operations		$ 2,803

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Statement of Changes in Net Assets

	For the period August 5, 2014 (commencement of operations) to September 30, 2014 (Unaudited)
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ (17)
Net realized gain (loss)	1,542
Change in net unrealized appreciation (depreciation)	1,278
Net increase (decrease) in net assets resulting from operations	2,803
Share transactions - net increase (decrease)	427,026
Total increase (decrease) in net assets	429,829

Net Assets
Beginning of period	-
End of period (including accumulated net investment loss of $17)	$ 429,829

Financial Highlights - Class A

	Period ended September 30, 2014 ^F
	(Unaudited)
Selected Per-Share Data
Net asset value, beginning of period	$ 10.00
Income from Investment Operations
Net investment income (loss) ^D	- ^I
Net realized and unrealized gain (loss)	.09
Total from investment operations	.09
Net asset value, end of period	$ 10.09
Total Return^{B, C}	.90%
Ratios to Average Net Assets^{E, G}
Expenses before reductions	.25%^A
Expenses net of fee waivers, if any	.25%^A
Expenses net of all reductions	.25%^A
Net investment income (loss)	.17% ^A
Supplemental Data
Net assets, end of period (000 omitted)	$ 111
Portfolio turnover rate ^E	8%^H

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns do not include the effect of the sales charges.

^D Calculated based on average shares outstanding during the period.

^E Amounts do not include the activity of the Underlying Funds.

^F For the period August 5, 2014 (commencement of operations) to September 30, 2014.

^H Amount not annualized.

^I Amount represents less than $.01 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Class T

	Period ended September 30, 2014 ^F
	(Unaudited)
Selected Per-Share Data
Net asset value, beginning of period	$ 10.00
Income from Investment Operations
Net investment income (loss)^D	- ^I
Net realized and unrealized gain (loss)	.08
Total from investment operations	.08
Net asset value, end of period	$ 10.08
Total Return^{B, C}	.80%
Ratios to Average Net Assets^{E, G}
Expenses before reductions	.50%^A
Expenses net of fee waivers, if any	.50%^A
Expenses net of all reductions	.50%^A
Net investment income (loss)	(.08)% ^A
Supplemental Data
Net assets, end of period (000 omitted)	$ 105
Portfolio turnover rate ^E	8%^H

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns do not include the effect of the sales charges.

^D Calculated based on average shares outstanding during the period.

^E Amounts do not include the activity of the Underlying Funds.

^F For the period August 5, 2014 (commencement of operations) to September 30, 2014.

^H Amount not annualized.

^I Amount represents less than $.01 per share.

Financial Highlights - Class C

	Period ended September 30, 2014 ^F
	(Unaudited)
Selected Per-Share Data
Net asset value, beginning of period	$ 10.00
Income from Investment Operations
Net investment income (loss)^D	(.01)
Net realized and unrealized gain (loss)	.08
Total from investment operations	.07
Net asset value, end of period	$ 10.07
Total Return^{B, C}	.70%
Ratios to Average Net Assets^{E, G}
Expenses before reductions	1.00%^A
Expenses net of fee waivers, if any	1.00%^A
Expenses net of all reductions	1.00%^A
Net investment income (loss)	(.56)%^A
Supplemental Data
Net assets, end of period (000 omitted)	$ 113
Portfolio turnover rate ^E	8% ^H

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns do not include the effect of the contingent deferred sales charge.

^D Calculated based on average shares outstanding during the period.

^E Amounts do not include the activity of the Underlying Funds.

^F For the period August 5, 2014 (commencement of operations) to September 30, 2014.

^H Amount not annualized.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Institutional Class

	Period ended September 30, 2014 ^E
	(Unaudited)
Selected Per-Share Data
Net asset value, beginning of period	$ 10.00
Income from Investment Operations
Net investment income (loss)^C	.01
Net realized and unrealized gain (loss)	.08
Total from investment operations	.09
Net asset value, end of period	$ 10.09
Total Return^B	.90%
Ratios to Average Net Assets^{D, F}
Expenses before reductions	.00%^A
Expenses net of fee waivers, if any	.00%^A
Expenses net of all reductions	.00%^A
Net investment income (loss)	.41%^A
Supplemental Data
Net assets, end of period (000 omitted)	$ 101
Portfolio turnover rate ^D	8%^G

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Calculated based on average shares outstanding during the period.

^D Amounts do not include the activity of the Underlying Funds.

^E For the period August 5, 2014 (commencement of operations) to September 30, 2014.

^F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class but do not include expenses of the underlying funds in which the Fund invests.

^G Amount not annualized.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Notes to Financial Statements

For the period ended September 30, 2014 (Unaudited)

1. Organization.

Fidelity Advisor Freedom Income Fund, Fidelity Advisor Freedom 2005 Fund, Fidelity Advisor Freedom 2010 Fund, Fidelity Advisor Freedom 2015 Fund, Fidelity Advisor Freedom 2020 Fund, Fidelity Advisor Freedom 2025 Fund, Fidelity Advisor Freedom 2030 Fund, Fidelity Advisor Freedom 2035 Fund, Fidelity Advisor Freedom 2040 Fund, Fidelity Advisor Freedom 2045 Fund, Fidelity Advisor Freedom 2050 Fund, Fidelity Advisor Freedom 2055 Fund and Fidelity Advisor Freedom 2060 Fund (the Funds) are funds of Fidelity Aberdeen Street Trust (the Trust). The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Delaware statutory trust. Each Fund is authorized to issue an unlimited number of shares. The Funds invest primarily in a combination of other Fidelity equity, bond, and short-term funds (the Underlying Funds) managed by Fidelity Management & Research Company (FMR).

Each Fund offers Class A, Class T, Class C, and Institutional Class shares, each of which, along with Class B shares, has equal rights as to assets and voting privileges. Effective after the close of business on September 1, 2010, Class B shares were closed to new accounts and additional purchases, except for exchanges and reinvestments. Each class has exclusive voting rights with respect to matters that affect that class. Class B shares will automatically convert to Class A shares after a holding period of seven years from the initial date of purchase.

2. Significant Accounting Policies.

The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Funds:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Each Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value each Fund's investments by major category are as follows. Investments in the Underlying Funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Investment Transactions and Income. For financial reporting purposes, the Funds' investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Income and capital gain distributions from the Underlying Funds, if any, are recorded on the ex-dividend date.

Class Allocations and Expenses. Investment income, realized and unrealized capital gains and losses, common expenses of each Fund, and certain fund-level expense reductions, if any, are allocated daily on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of each Fund. Each class differs with respect to distribution and service plan fees incurred. Certain expense reductions may also differ by class. For the reporting period, the allocated portion of income and expenses to each class as a percent of its average net assets may vary due to the timing of recording these transactions in relation to fluctuating net assets of the classes. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expenses included in the accompanying financial statements reflect the expenses of each Fund and do not include any expenses associated with the Underlying Funds. Although not included in each Fund's expenses, each Fund indirectly bears its proportionate share of the Underlying Funds' expenses through the impact of these expenses on each Underlying Fund's NAV. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. Each Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.

Distributions are declared and recorded on the ex-dividend date. Income dividends and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Semiannual Report

2. Significant Accounting Policies - continued

Income Tax Information and Distributions to Shareholders - continued

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to the short-term gain distributions from the Underlying Funds and losses deferred due to wash sales.

The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows for each Fund:

	Tax cost	Gross unrealized appreciation	Gross unrealized depreciation	Net unrealized appreciation (depreciation) on securities and other investments
Advisor Freedom Income	$ 258,300,105	$ 16,423,653	$ (997,754)	$ 15,425,899
Advisor Freedom 2005	257,462,843	22,798,661	(1,241,172)	21,557,489
Advisor Freedom 2010	716,234,573	76,286,426	(3,786,450)	72,499,976
Advisor Freedom 2015	1,563,567,139	194,747,991	(8,075,916)	186,672,075
Advisor Freedom 2020	2,902,069,640	352,786,910	(18,969,136)	333,817,774
Advisor Freedom 2025	2,789,210,331	387,937,416	(16,199,477)	371,737,939
Advisor Freedom 2030	2,746,082,839	412,933,733	(10,227,597)	402,706,136
Advisor Freedom 2035	2,003,838,462	329,344,707	(6,953,846)	322,390,861
Advisor Freedom 2040	1,933,048,544	313,538,645	(6,047,627)	307,491,018
Advisor Freedom 2045	989,839,691	155,735,107	(3,478,165)	152,256,942
Advisor Freedom 2050	714,268,375	116,348,319	(2,387,505)	113,960,814
Advisor Freedom 2055	179,755,441	13,900,537	(1,284,048)	12,616,489
Advisor Freedom 2060	428,784	6,003	(4,795)	1,208

3. Purchases and Redemptions of Underlying Fund Shares.

Purchases and redemptions of the Underlying Fund shares and in-kind transactions are noted in the table below.

	Purchases ($)	Redemptions ($)
Advisor Freedom Income	46,280,952	64,274,185
Advisor Freedom 2005	32,420,199	50,506,734
Advisor Freedom 2010	79,623,844	159,231,550
Advisor Freedom 2015	185,619,085	346,882,497
Advisor Freedom 2020	337,777,289	533,718,946
Advisor Freedom 2025	355,387,115	490,268,204
Advisor Freedom 2030	378,068,056	518,380,823
Advisor Freedom 2035	316,494,195	416,453,639
Advisor Freedom 2040	292,817,188	383,188,504
Advisor Freedom 2045	185,123,926	203,785,598
Advisor Freedom 2050	147,653,537	158,782,794
Advisor Freedom 2055	63,994,420	31,348,372
Advisor Freedom 2060	461,167	32,394

4. Fees and Other Transactions with Affiliates.

Management Fee. Strategic Advisers, Inc. (the investment adviser), an affiliate of FMR, provides the Funds with investment management related services. The Funds do not pay any fees for these services.

Other Transactions. The investment adviser has entered into an administration agreement with FMR under which FMR provides management and administrative services (other than investment advisory services) necessary for the operation of each Fund. Pursuant to this agreement, FMR pays all expenses of each Fund, excluding distribution and service fees, compensation of the independent Trustees and certain other expenses such as interest expense. FMR also contracts with other Fidelity companies to perform the services necessary for the operation of each Fund. The Funds do not pay any fees for these services.

Distribution and Service Plan Fees. In accordance with Rule 12b-1 of the 1940 Act, each Fund has adopted separate Distribution and Service Plans for each class of shares. Certain classes pay Fidelity Distributors Corporation (FDC), an affiliate of the investment adviser, separate Distribution and Service Fees, each of which is based on an annual percentage of each class' average net assets. In addition, FDC may pay financial intermediaries for

Semiannual Report

Notes to Financial Statements (Unaudited) - continued

4. Fees and Other Transactions with Affiliates - continued

Distribution and Service Plan Fees - continued

selling shares of each Fund and providing shareholder support services. For the period, the Distribution and Service Fee rates, total fees and amounts retained by FDC were as follows:

Advisor Freedom Income	Distribution Fee	Service Fee	Total Fees	Retained by FDC
Class A	-%	.25%	$ 175,883	$ 5,365
Class T	.25%	.25%	125,854	-
Class B	.75%	.25%	7,803	5,854
Class C	.75%	.25%	78,621	8,931
			$ 388,161	$ 20,150
Advisor Freedom 2005
Class A	-%	.25%	$ 225,868	$ 16,164
Class T	.25%	.25%	72,970	78
Class B	.75%	.25%	4,607	3,455
Class C	.75%	.25%	41,780	2,239
			$ 345,225	$ 21,936
Advisor Freedom 2010
Class A	-%	.25%	$ 615,283	$ 38,981
Class T	.25%	.25%	294,790	3,386
Class B	.75%	.25%	17,537	13,162
Class C	.75%	.25%	183,142	13,157
			$ 1,110,752	$ 68,686
Advisor Freedom 2015
Class A	-%	.25%	$ 1,330,545	$ 75,906
Class T	.25%	.25%	555,944	3,963
Class B	.75%	.25%	55,563	41,672
Class C	.75%	.25%	374,972	41,384
			$ 2,317,024	$ 162,925
Advisor Freedom 2020
Class A	-%	.25%	$ 2,382,012	$ 134,720
Class T	.25%	.25%	1,127,182	6,627
Class B	.75%	.25%	108,443	81,332
Class C	.75%	.25%	573,177	61,539
			$ 4,190,814	$ 284,218
Advisor Freedom 2025
Class A	-%	.25%	$ 2,401,040	$ 159,780
Class T	.25%	.25%	981,604	5,859
Class B	.75%	.25%	80,408	60,306
Class C	.75%	.25%	461,136	57,255
			$ 3,924,188	$ 283,200
Advisor Freedom 2030
Class A	-%	.25%	$ 2,235,876	$ 133,774
Class T	.25%	.25%	1,102,818	5,823
Class B	.75%	.25%	97,453	73,090
Class C	.75%	.25%	453,392	54,042
			$ 3,889,539	$ 266,729
Advisor Freedom 2035
Class A	-%	.25%	$ 1,690,788	$ 110,381
Class T	.25%	.25%	707,500	3,541
Class B	.75%	.25%	65,684	49,319
Class C	.75%	.25%	270,049	33,673
			$ 2,734,021	$ 196,914

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4. Fees and Other Transactions with Affiliates - continued

Distribution and Service Plan Fees - continued

Advisor Freedom 2040	Distribution Fee	Service Fee	Total Fees	Retained by FDC
Class A	-%	.25%	$ 1,515,878	$ 85,793
Class T	.25%	.25%	826,712	7,465
Class B	.75%	.25%	82,985	62,252
Class C	.75%	.25%	374,210	41,201
			$ 2,799,785	$ 196,711
Advisor Freedom 2045
Class A	-%	.25%	$ 773,182	$ 53,846
Class T	.25%	.25%	336,823	1,351
Class B	.75%	.25%	16,728	12,546
Class C	.75%	.25%	99,583	20,489
			$ 1,226,316	$ 88,232
Advisor Freedom 2050
Class A	-%	.25%	$ 507,100	$ 24,504
Class T	.25%	.25%	297,527	589
Class B	.75%	.25%	23,120	17,340
Class C	.75%	.25%	110,027	18,433
			$ 937,774	$ 60,866
Advisor Freedom 2055
Class A	-%	.25%	$ 111,166	$ 7,738
Class T	.25%	.25%	56,644	472
Class C	.75%	.25%	14,608	6,085
			$ 182,418	$ 14,295
Advisor Freedom 2060
Class A	-%	.25%	$ 41	$ 41
Class T	.25%	.25%	81	81
Class C	.75%	.25%	170	170
			$ 292	$ 292

Sales Load. FDC may receive a front-end sales charge of up to 5.75% for selling Class A shares and 3.50% for selling Class T shares, some of which is paid to financial intermediaries for selling shares of each Fund. Depending on the holding period, FDC may receive contingent deferred sales charges levied on Class A, Class T, Class B, and Class C redemptions. The deferred sales charges range from 5.00% to 1.00% for Class B shares, 1.00% for Class C shares, 1.00% for certain purchases of Class A shares and .25% for certain purchases of Class T shares.

For the period, sales charge amounts retained by FDC were as follows:

Advisor Freedom Income	Retained by FDC
Class A	$ 3,226
Class T	1,602
Class B*	2,303
Class C*	1,316
	$ 8,447
Advisor Freedom 2005
Class A	$ 1,840
Class T	469
Class B*	285
Class C*	66
	$ 2,660
Advisor Freedom 2010
Class A	$ 3,425
Class T	2,218
Class B*	1,510
Class C*	1,423
	$ 8,576

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Notes to Financial Statements (Unaudited) - continued

4. Fees and Other Transactions with Affiliates - continued

Sales Load - continued

Advisor Freedom 2015	Retained by FDC
Class A	$ 16,551
Class T	4,741
Class B*	2,656
Class C*	4,260
	$ 28,208
Advisor Freedom 2020
Class A	$ 32,932
Class T	15,412
Class B*	6,393
Class C*	8,149
	$ 62,886
Advisor Freedom 2025
Class A	$ 41,399
Class T	21,842
Class B*	3,896
Class C*	4,116
	$ 71,253
Advisor Freedom 2030
Class A	$ 42,491
Class T	20,505
Class B*	3,803
Class C*	4,066
	$ 70,865
Advisor Freedom 2035
Class A	$ 31,757
Class T	20,546
Class B*	4,441
Class C*	3,857
	$ 60,601
Advisor Freedom 2040
Class A	$ 40,689
Class T	20,315
Class B*	3,601
Class C*	4,740
	$ 69,345
Advisor Freedom 2045
Class A	$ 22,954
Class T	11,730
Class B*	908
Class C*	3,590
	$ 39,182
Advisor Freedom 2050
Class A	$ 17,292
Class T	7,282
Class B*	3,120
Class C*	2,077
	$ 29,771
Advisor Freedom 2055
Class A	$ 7,018
Class T	4,514
Class C*	421
	$ 11,953
Advisor Freedom 2060
Class A	$ 6

* When Class B and Class C shares are initially sold, FDC pays commissions from its own resources to financial intermediaries through which the sales are made.

Semiannual Report

4. Fees and Other Transactions with Affiliates - continued

Reallocation of Underlying Fund Investments. During the period, Strategic Advisers reallocated investments of the Funds. This involved taxable redemptions of the Funds' interest in Fidelity Advisor Equity Growth Fund Institutional Class, ("selected Underlying Fund") for investments and non-taxable exchanges of those investments for shares of Fidelity Advisor Series Equity Growth Fund which is an affiliated investment company managed by FMR. Realized gains and losses on the redemptions of the selected Underlying Fund in connection with the reallocation are included in the accompanying Statements of Operations as "Realized gain (loss) on sale of underlying fund shares."

Details of these transactions with the related gain (loss) for the Funds are presented in the accompanying table:

	Value of Investments, reallocated	Realized Gain (Loss) on redemptions of selected Underlying Fund
Advisor Freedom Income	$ 4,082,113	$ 2,033,927
Advisor Freedom 2005	7,240,234	3,242,323
Advisor Freedom 2010	25,544,744	11,428,272
Advisor Freedom 2015	66,178,649	29,908,869
Advisor Freedom 2020	137,167,668	62,721,101
Advisor Freedom 2025	160,781,891	68,169,823
Advisor Freedom 2030	177,577,655	74,069,592
Advisor Freedom 2035	140,701,058	58,185,650
Advisor Freedom 2040	137,836,038	54,272,412
Advisor Freedom 2045	69,459,882	27,912,258
Advisor Freedom 2050	50,491,035	20,607,140
Advisor Freedom 2055	9,577,332	2,239,161

5. Expense Reductions.

FMR voluntarily agreed to reimburse funds to the extent annual operating expenses exceeded certain levels of average net assets as noted in the table below. Some expenses, for example interest expense, are excluded from this reimbursement.

The following classes of each applicable Fund were in reimbursement during the period:

	Expense Limitations	Reimbursement
Advisor Freedom Income
Class A	.25%	$ 313
Class T	.50%	112
Class B	1.00%	3
Class C	1.00%	35
Institutional Class	.00%	158
Advisor Freedom 2005
Class A	.25%	400
Class T	.50%	65
Class B	1.00%	2
Class C	1.00%	18
Institutional Class	.00%	155
Advisor Freedom 2010
Class A	.25%	1,096
Class T	.50%	262
Class B	1.00%	8
Class C	1.00%	82
Institutional Class	.00%	396

Semiannual Report

Notes to Financial Statements (Unaudited) - continued

5. Expense Reductions - continued

	Expense Limitations	Reimbursement
Advisor Freedom 2015
Class A	.25%	$ 2,364
Class T	.50%	494
Class B	1.00%	25
Class C	1.00%	167
Institutional Class	.00%	1,017
Advisor Freedom 2020
Class A	.25%	4,210
Class T	.50%	996
Class B	1.00%	48
Class C	1.00%	253
Institutional Class	.00%	1,876
Advisor Freedom 2025
Class A	.25%	4,223
Class T	.50%	863
Class B	1.00%	35
Class C	1.00%	203
Institutional Class	.00%	1,829
Advisor Freedom 2030
Class A	.25%	3,934
Class T	.50%	971
Class B	1.00%	43
Class C	1.00%	199
Institutional Class	.00%	1,947
Advisor Freedom 2035
Class A	.25%	2,969
Class T	.50%	622
Class B	1.00%	29
Class C	1.00%	119
Institutional Class	.00%	1,501
Advisor Freedom 2040
Class A	.25%	2,664
Class T	.50%	726
Class B	1.00%	37
Class C	1.00%	165
Institutional Class	.00%	1,427
Advisor Freedom 2045
Class A	.25%	1,352
Class T	.50%	342
Class B	1.00%	8
Class C	1.00%	68
Institutional Class	.00%	808
Advisor Freedom 2050
Class A	25%	906
Class T	.50%	260
Class B	1.00%	10
Class C	1.00%	75
Institutional Class	.00%	604

Semiannual Report

5. Expense Reductions - continued

	Expense Limitations	Reimbursement
Advisor Freedom 2055
Class A	25%	$ 259
Class T	.50%	75
Class C	1.00%	17
Institutional Class	.00%	128

6. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

	Six months ended September 30, 2014	Year ended March 31, 2014
Advisor Freedom Income
From net investment income
Class A	$ 930,063	$ 1,766,405
Class T	272,231	429,308
Class B	4,400	5,610
Class C	45,201	53,835
Institutional Class	557,255	983,323
Total	$ 1,809,150	$ 3,238,481
From net realized gain
Class A	$ 2,440,563	$ 4,306,389
Class T	861,819	1,357,064
Class B	28,096	51,287
Class C	272,567	416,779
Institutional Class	1,198,999	1,929,856
Total	$ 4,802,044	$ 8,061,375
Advisor Freedom 2005
From net investment income
Class A	$ 472,190	$ 1,934,390
Class T	58,117	244,035
Class B	683	3,650
Class C	6,598	32,429
Institutional Class	237,014	835,850
Total	$ 774,602	$ 3,050,354
From net realized gain
Class A	$ 2,611,801	$ 4,953,300
Class T	428,611	765,045
Class B	15,101	29,817
Class C	129,755	234,996
Institutional Class	1,048,787	1,717,398
Total	$ 4,234,055	$ 7,700,556

Semiannual Report

Notes to Financial Statements (Unaudited) - continued

6. Distributions to Shareholders - continued

	Six months ended September 30, 2014	Year ended March 31, 2014
Advisor Freedom 2010
From net investment income
Class A	$ 1,186,905	$ 5,617,013
Class T	201,495	1,081,956
Class B	564	11,082
Class C	19,931	138,094
Institutional Class	548,667	2,663,216
Total	$ 1,957,562	$ 9,511,361
From net realized gain
Class A	$ 8,806,061	$ 16,966,458
Class T	2,106,534	4,171,832
Class B	64,852	159,058
Class C	654,884	1,212,875
Institutional Class	3,236,240	6,457,880
Total	$ 14,868,571	$ 28,968,103
Advisor Freedom 2015
From net investment income
Class A	$ 2,309,830	$ 12,813,208
Class T	350,780	2,012,565
Class B	-	47,108
Class C	23,565	333,834
Institutional Class	1,297,889	6,573,771
Total	$ 3,982,064	$ 21,780,486
From net realized gain
Class A	$ 20,788,480	$ 44,722,592
Class T	4,419,815	8,884,016
Class B	226,422	568,951
Class C	1,484,563	2,861,846
Institutional Class	9,085,190	18,426,163
Total	$ 36,004,470	$ 75,463,568
Advisor Freedom 2020
From net investment income
Class A	$ 3,781,879	$ 22,719,462
Class T	594,240	4,214,567
Class B	-	101,181
Class C	16,832	534,801
Institutional Class	2,188,802	11,465,857
Total	$ 6,581,753	$ 39,035,868
From net realized gain
Class A	$ 31,095,438	$ 80,113,960
Class T	7,328,806	18,426,540
Class B	366,082	1,172,886
Class C	1,868,386	4,359,115
Institutional Class	13,882,602	32,883,618
Total	$ 54,541,314	$ 136,956,119

Semiannual Report

6. Distributions to Shareholders - continued

	Six months ended September 30, 2014	Year ended March 31, 2014
Advisor Freedom 2025
From net investment income
Class A	$ 3,126,635	$ 22,477,566
Class T	401,997	3,528,131
Class B	-	84,463
Class C	-	457,022
Institutional Class	1,842,031	11,073,746
Total	$ 5,370,663	$ 37,620,928
From net realized gain
Class A	$ 31,550,569	$ 93,759,806
Class T	6,374,516	17,601,291
Class B	273,220	1,050,076
Class C	1,521,353	4,011,074
Institutional Class	13,631,005	36,965,416
Total	$ 53,350,663	$ 153,387,663
Advisor Freedom 2030
From net investment income
Class A	$ 1,373,088	$ 22,820,261
Class T	61,114	4,478,364
Class B	-	122,601
Class C	-	511,433
Institutional Class	1,238,873	12,079,384
Total	$ 2,673,075	$ 40,012,043
From net realized gain
Class A	$ 22,219,045	$ 86,607,833
Class T	5,439,290	20,188,786
Class B	225,812	1,192,790
Class C	1,039,457	3,878,775
Institutional Class	11,026,987	37,221,951
Total	$ 39,950,591	$ 149,090,135
Advisor Freedom 2035
From net investment income
Class A	$ 782,451	$ 15,154,993
Class T	-	2,367,982
Class B	-	70,000
Class C	-	268,078
Institutional Class	796,760	8,554,224
Total	$ 1,579,211	$ 26,415,277
From net realized gain
Class A	$ 19,464,643	$ 78,751,944
Class T	4,091,968	14,374,167
Class B	187,726	1,007,862
Class C	724,929	2,858,485
Institutional Class	9,909,688	35,195,201
Total	$ 34,378,954	$ 132,187,659

Semiannual Report

Notes to Financial Statements (Unaudited) - continued

6. Distributions to Shareholders - continued

	Six months ended September 30, 2014	Year ended March 31, 2014
Advisor Freedom 2040
From net investment income
Class A	$ 574,936	$ 13,352,673
Class T	-	2,834,561
Class B	-	78,732
Class C	-	342,692
Institutional Class	702,031	7,969,592
Total	$ 1,276,967	$ 24,578,250
From net realized gain
Class A	$ 17,330,164	$ 69,904,502
Class T	4,700,524	18,244,340
Class B	227,008	1,302,421
Class C	978,739	3,941,198
Institutional Class	9,258,009	32,634,491
Total	$ 32,494,444	$ 126,026,952
Advisor Freedom 2045
From net investment income
Class A	$ 317,262	$ 6,527,056
Class T	-	1,043,078
Class B	-	16,381
Class C	-	85,939
Institutional Class	415,459	4,405,855
Total	$ 732,721	$ 12,078,309
From net realized gain
Class A	$ 17,132,248	$ 28,311,703
Class T	3,709,229	5,432,484
Class B	94,846	177,930
Class C	526,870	768,912
Institutional Class	10,354,423	15,309,571
Total	$ 31,817,616	$ 50,000,600
Advisor Freedom 2050
From net investment income
Class A	$ 209,147	$ 4,293,626
Class T	-	948,674
Class B	-	22,749
Class C	-	101,098
Institutional Class	308,419	3,243,280
Total	$ 517,566	$ 8,609,427
From net realized gain
Class A	$ 11,782,175	$ 19,244,490
Class T	3,492,965	5,189,025
Class B	142,261	268,767
Class C	624,106	927,947
Institutional Class	8,018,750	11,647,225
Total	$ 24,060,257	$ 37,277,454

Semiannual Report

6. Distributions to Shareholders - continued

	Six months ended September 30, 2014	Year ended March 31, 2014
Advisor Freedom 2055
From net investment income
Class A	$ 41,423	$ 616,684
Class T	-	116,529
Class C	-	8,049
Institutional Class	55,928	427,801
Total	$ 97,351	$ 1,169,063
From net realized gain
Class A	$ 1,118,404	$ 1,825,764
Class T	278,882	413,891
Class C	33,363	51,905
Institutional Class	755,026	1,064,319
Total	$ 2,185,675	$ 3,355,879

7. Share Transactions.

Share transactions for each class were as follows and may contain automatic conversions between classes or exchanges between funds:

	Shares		Dollars
	Six months ended September 30, 2014	Year ended March 31, 2014	Six months ended September 30, 2014	Year ended March 31, 2014
Advisor Freedom Income
Class A
Shares sold	1,593,087	4,084,387	$ 17,759,556	$ 45,396,706
Reinvestment of distributions	301,541	539,600	3,336,999	5,992,117
Shares redeemed	(2,988,740)	(7,206,233)	(33,375,684)	(80,024,311)
Net increase (decrease)	(1,094,112)	(2,582,246)	$ (12,279,129)	$ (28,635,488)
Class T
Shares sold	2,591,575	2,344,429	$ 28,903,580	$ 26,072,453
Reinvestment of distributions	100,472	157,567	1,110,473	1,748,382
Shares redeemed	(3,091,358)	(2,562,031)	(34,445,609)	(28,429,859)
Net increase (decrease)	(399,311)	(60,035)	$ (4,431,556)	$ (609,024)
Class B
Shares sold	478	2,503	$ 5,331	$ 27,616
Reinvestment of distributions	2,762	4,670	30,499	51,823
Shares redeemed	(25,463)	(61,802)	(283,590)	(686,727)
Net increase (decrease)	(22,223)	(54,629)	$ (247,760)	$ (607,288)
Class C
Shares sold	127,836	255,147	$ 1,422,461	$ 2,828,803
Reinvestment of distributions	24,604	35,486	271,437	393,433
Shares redeemed	(174,401)	(367,267)	(1,939,303)	(4,069,265)
Net increase (decrease)	(21,961)	(76,634)	$ (245,405)	$ (847,029)
Institutional Class
Shares sold	1,854,420	2,849,137	$ 20,700,440	$ 31,746,378
Reinvestment of distributions	157,935	261,319	1,753,172	2,907,972
Shares redeemed	(1,678,501)	(3,644,830)	(18,787,613)	(40,617,188)
Net increase (decrease)	333,854	(534,374)	$ 3,665,999	$ (5,962,838)

Semiannual Report

Notes to Financial Statements (Unaudited) - continued

7. Share Transactions - continued

	Shares		Dollars
	Six months ended September 30, 2014	Year ended March 31, 2014	Six months ended September 30, 2014	Year ended March 31, 2014
Advisor Freedom 2005
Class A
Shares sold	1,814,986	4,655,166	$ 22,122,191	$ 55,830,174
Reinvestment of distributions	250,802	562,432	3,014,636	6,741,672
Shares redeemed	(2,992,839)	(7,016,437)	(36,560,650)	(84,207,322)
Net increase (decrease)	(927,051)	(1,798,839)	$ (11,423,823)	$ (21,635,476)
Class T
Shares sold	335,617	1,406,394	$ 4,094,369	$ 16,873,346
Reinvestment of distributions	39,889	82,906	479,076	993,902
Shares redeemed	(540,809)	(1,232,550)	(6,598,615)	(14,759,346)
Net increase (decrease)	(165,303)	256,750	$ (2,025,170)	$ 3,107,902
Class B
Shares sold	2	14,599	$ 26	$ 174,760
Reinvestment of distributions	1,307	2,727	15,758	32,819
Shares redeemed	(26,450)	(27,943)	(323,232)	(335,271)
Net increase (decrease)	(25,141)	(10,617)	$ (307,448)	$ (127,692)
Class C
Shares sold	45,083	187,567	$ 549,583	$ 2,241,261
Reinvestment of distributions	10,751	20,209	129,014	242,068
Shares redeemed	(146,779)	(157,344)	(1,784,430)	(1,891,449)
Net increase (decrease)	(90,945)	50,432	$ (1,105,833)	$ 591,880
Institutional Class
Shares sold	1,411,328	2,751,622	$ 17,335,053	$ 33,153,579
Reinvestment of distributions	106,022	209,954	1,281,805	2,529,659
Shares redeemed	(1,562,989)	(3,334,415)	(19,173,698)	(40,249,329)
Net increase (decrease)	(45,639)	(372,839)	$ (556,840)	$ (4,566,091)
Advisor Freedom 2010
Class A
Shares sold	3,900,558	10,336,177	$ 50,419,066	$ 130,803,213
Reinvestment of distributions	779,116	1,764,561	9,894,770	22,358,331
Shares redeemed	(7,167,112)	(16,430,945)	(92,728,703)	(208,087,550)
Net increase (decrease)	(2,487,438)	(4,330,207)	$ (32,414,867)	$ (54,926,006)
Class T
Shares sold	883,107	3,281,268	$ 11,379,707	$ 41,296,464
Reinvestment of distributions	180,611	410,639	2,286,530	5,188,315
Shares redeemed	(1,980,087)	(4,197,400)	(25,473,152)	(52,884,945)
Net increase (decrease)	(916,369)	(505,493)	$ (11,806,915)	$ (6,400,166)
Class B
Shares sold	1,089	4,359	$ 14,133	$ 54,665
Reinvestment of distributions	4,928	12,614	62,680	159,920
Shares redeemed	(66,060)	(231,730)	(852,368)	(2,924,345)
Net increase (decrease)	(60,043)	(214,757)	$ (775,555)	$ (2,709,760)
Class C
Shares sold	186,701	447,126	$ 2,395,580	$ 5,605,749
Reinvestment of distributions	49,941	98,158	629,255	1,234,594
Shares redeemed	(298,976)	(794,639)	(3,832,503)	(9,965,133)
Net increase (decrease)	(62,334)	(249,355)	$ (807,668)	$ (3,124,790)
Institutional Class
Shares sold	1,846,042	6,363,961	$ 23,991,585	$ 80,690,745
Reinvestment of distributions	296,764	717,236	3,783,740	9,117,775
Shares redeemed	(3,961,312)	(8,035,471)	(51,396,624)	(102,232,872)
Net increase (decrease)	(1,818,506)	(954,274)	$ (23,621,299)	$ (12,424,352)

Semiannual Report

7. Share Transactions - continued

	Shares		Dollars
	Six months ended September 30, 2014	Year ended March 31, 2014	Six months ended September 30, 2014	Year ended March 31, 2014
Advisor Freedom 2015
Class A
Shares sold	7,283,863	22,489,270	$ 93,793,758	$ 283,126,217
Reinvestment of distributions	1,808,259	4,519,282	22,838,312	56,944,636
Shares redeemed	(14,022,630)	(37,248,204)	(180,922,947)	(469,301,306)
Net increase (decrease)	(4,930,508)	(10,239,652)	$ (64,290,877)	$ (129,230,453)
Class T
Shares sold	2,103,359	6,303,601	$ 27,054,336	$ 79,104,026
Reinvestment of distributions	372,119	847,786	4,696,145	10,675,072
Shares redeemed	(3,476,051)	(7,736,690)	(44,724,169)	(97,285,238)
Net increase (decrease)	(1,000,573)	(585,303)	$ (12,973,688)	$ (7,506,140)
Class B
Shares sold	6,059	34,014	$ 76,975	$ 427,275
Reinvestment of distributions	16,810	45,663	212,308	574,653
Shares redeemed	(193,551)	(526,603)	(2,484,275)	(6,609,199)
Net increase (decrease)	(170,682)	(446,926)	$ (2,194,992)	$ (5,607,271)
Class C
Shares sold	343,571	1,198,350	$ 4,392,798	$ 14,962,978
Reinvestment of distributions	111,892	236,720	1,404,252	2,966,039
Shares redeemed	(671,294)	(1,330,512)	(8,566,964)	(16,641,623)
Net increase (decrease)	(215,831)	104,558	$ (2,769,914)	$ 1,287,394
Institutional Class
Shares sold	4,432,153	15,218,153	$ 57,592,451	$ 192,651,271
Reinvestment of distributions	812,437	1,957,749	10,334,193	24,850,867
Shares redeemed	(9,396,856)	(16,707,286)	(121,847,214)	(211,582,062)
Net increase (decrease)	(4,152,266)	468,616	$ (53,920,570)	$ 5,920,076
Advisor Freedom 2020
Class A
Shares sold	14,164,065	37,875,371	$ 192,410,767	$ 499,708,170
Reinvestment of distributions	2,588,523	7,715,244	34,505,012	101,833,461
Shares redeemed	(22,376,084)	(53,499,262)	(304,953,691)	(706,085,629)
Net increase (decrease)	(5,623,496)	(7,908,647)	$ (78,037,912)	$ (104,543,998)
Class T
Shares sold	4,197,384	11,814,695	$ 57,114,551	$ 155,626,547
Reinvestment of distributions	585,601	1,686,654	7,811,914	22,276,384
Shares redeemed	(6,539,855)	(12,049,762)	(88,648,674)	(159,248,035)
Net increase (decrease)	(1,756,870)	1,451,587	$ (23,722,209)	$ 18,654,896
Class B
Shares sold	6,715	30,377	$ 89,943	$ 402,320
Reinvestment of distributions	25,940	90,003	346,292	1,186,806
Shares redeemed	(372,427)	(879,412)	(5,053,387)	(11,576,323)
Net increase (decrease)	(339,772)	(759,032)	$ (4,617,152)	$ (9,987,197)
Class C
Shares sold	660,731	1,846,934	$ 8,918,894	$ 24,173,360
Reinvestment of distributions	133,493	344,681	1,770,112	4,527,030
Shares redeemed	(772,686)	(1,682,149)	(10,435,859)	(22,026,418)
Net increase (decrease)	21,538	509,466	$ 253,147	$ 6,673,972
Institutional Class
Shares sold	8,938,126	24,830,823	$ 122,619,063	$ 329,988,794
Reinvestment of distributions	1,194,980	3,330,002	16,036,634	44,259,859
Shares redeemed	(14,208,056)	(23,073,768)	(194,775,066)	(307,011,358)
Net increase (decrease)	(4,074,950)	5,087,057	$ (56,119,369)	$ 67,237,295

Semiannual Report

Notes to Financial Statements (Unaudited) - continued

7. Share Transactions - continued

	Shares		Dollars
	Six months ended September 30, 2014	Year ended March 31, 2014	Six months ended September 30, 2014	Year ended March 31, 2014
Advisor Freedom 2025
Class A
Shares sold	14,081,871	42,336,074	$ 188,935,937	$ 544,836,932
Reinvestment of distributions	2,620,171	8,980,977	34,376,630	115,368,644
Shares redeemed	(21,217,460)	(50,182,999)	(285,424,597)	(647,564,921)
Net increase (decrease)	(4,515,418)	1,134,052	$ (62,112,030)	$ 12,640,655
Class T
Shares sold	4,096,658	11,279,406	$ 55,071,588	$ 145,595,680
Reinvestment of distributions	507,917	1,611,890	6,674,026	20,769,490
Shares redeemed	(4,636,286)	(9,292,943)	(62,381,206)	(120,291,981)
Net increase (decrease)	(31,711)	3,598,353	$ (635,592)	$ 46,073,189
Class B
Shares sold	3,845	18,435	$ 51,161	$ 237,832
Reinvestment of distributions	20,158	83,763	263,472	1,068,884
Shares redeemed	(279,706)	(590,150)	(3,731,121)	(7,554,066)
Net increase (decrease)	(255,703)	(487,952)	$ (3,416,488)	$ (6,247,350)
Class C
Shares sold	616,897	1,737,317	$ 8,177,929	$ 22,105,326
Reinvestment of distributions	111,366	332,872	1,446,640	4,237,083
Shares redeemed	(543,049)	(1,198,006)	(7,199,120)	(15,248,728)
Net increase (decrease)	185,214	872,183	$ 2,425,449	$ 11,093,681
Institutional Class
Shares sold	9,170,267	25,761,490	$ 124,056,553	$ 334,359,446
Reinvestment of distributions	1,168,356	3,699,489	15,433,976	47,917,135
Shares redeemed	(13,216,643)	(20,040,038)	(178,715,747)	(260,861,013)
Net increase (decrease)	(2,878,020)	9,420,941	$ (39,225,218)	$ 121,415,568
Advisor Freedom 2030
Class A
Shares sold	14,666,698	35,163,430	$ 209,292,079	$ 479,754,505
Reinvestment of distributions	1,668,781	7,936,793	23,312,864	108,270,707
Shares redeemed	(20,535,430)	(48,268,332)	(294,539,201)	(659,744,933)
Net increase (decrease)	(4,199,951)	(5,168,109)	$ (61,934,258)	$ (71,719,721)
Class T
Shares sold	4,504,279	11,453,954	$ 64,333,859	$ 155,598,895
Reinvestment of distributions	388,766	1,780,942	5,415,515	24,245,358
Shares redeemed	(6,409,474)	(10,098,141)	(90,689,495)	(137,447,373)
Net increase (decrease)	(1,516,429)	3,136,755	$ (20,940,121)	$ 42,396,880
Class B
Shares sold	2,386	19,423	$ 33,929	$ 262,817
Reinvestment of distributions	15,334	91,135	213,442	1,235,310
Shares redeemed	(302,499)	(640,819)	(4,298,755)	(8,680,850)
Net increase (decrease)	(284,779)	(530,261)	$ (4,051,384)	$ (7,182,723)
Class C
Shares sold	565,289	1,567,826	$ 7,989,524	$ 21,161,811
Reinvestment of distributions	71,545	306,706	989,467	4,146,937
Shares redeemed	(584,419)	(1,293,656)	(8,294,168)	(17,444,366)
Net increase (decrease)	52,415	580,876	$ 684,823	$ 7,864,382
Institutional Class
Shares sold	9,470,455	25,486,532	$ 136,338,705	$ 349,828,449
Reinvestment of distributions	872,889	3,591,064	12,255,364	49,271,553
Shares redeemed	(12,788,345)	(19,352,622)	(184,008,011)	(265,575,217)
Net increase (decrease)	(2,445,001)	9,724,974	$ (35,413,942)	$ 133,524,785

Semiannual Report

7. Share Transactions - continued

	Shares		Dollars
	Six months ended September 30, 2014	Year ended March 31, 2014	Six months ended September 30, 2014	Year ended March 31, 2014
Advisor Freedom 2035
Class A
Shares sold	11,356,412	30,839,841	$ 155,313,421	$ 401,061,956
Reinvestment of distributions	1,501,587	7,206,612	20,031,163	93,096,733
Shares redeemed	(16,692,094)	(37,264,321)	(228,954,613)	(486,151,077)
Net increase (decrease)	(3,834,095)	782,132	$ (53,610,029)	$ 8,007,612
Class T
Shares sold	3,698,531	9,103,150	$ 50,382,812	$ 117,542,744
Reinvestment of distributions	304,656	1,282,500	4,042,802	16,509,548
Shares redeemed	(3,589,794)	(6,972,585)	(48,835,152)	(90,278,682)
Net increase (decrease)	413,393	3,413,065	$ 5,590,462	$ 43,773,610
Class B
Shares sold	2,645	17,251	$ 35,702	$ 221,872
Reinvestment of distributions	13,707	80,993	180,647	1,030,251
Shares redeemed	(218,090)	(437,598)	(2,934,369)	(5,620,878)
Net increase (decrease)	(201,738)	(339,354)	$ (2,718,020)	$ (4,368,755)
Class C
Shares sold	427,694	1,025,354	$ 5,766,132	$ 13,080,890
Reinvestment of distributions	53,191	235,491	698,924	2,998,763
Shares redeemed	(326,223)	(822,478)	(4,392,568)	(10,571,839)
Net increase (decrease)	154,662	438,367	$ 2,072,488	$ 5,507,814
Institutional Class
Shares sold	7,655,597	22,169,723	$ 105,432,770	$ 290,282,504
Reinvestment of distributions	796,539	3,355,907	10,681,595	43,645,383
Shares redeemed	(10,805,645)	(17,193,773)	(148,631,387)	(225,081,173)
Net increase (decrease)	(2,353,509)	8,331,857	$ (32,517,022)	$ 108,846,714
Advisor Freedom 2040
Class A
Shares sold	10,921,007	26,414,040	$ 159,714,056	$ 366,925,342
Reinvestment of distributions	1,238,605	5,965,581	17,712,050	82,476,062
Shares redeemed	(13,385,809)	(33,301,232)	(196,783,087)	(464,565,679)
Net increase (decrease)	(1,226,197)	(921,611)	$ (19,356,981)	$ (15,164,275)
Class T
Shares sold	3,244,215	8,535,793	$ 47,476,224	$ 118,572,330
Reinvestment of distributions	325,899	1,506,248	4,650,576	20,796,167
Shares redeemed	(5,041,002)	(7,718,886)	(73,319,727)	(107,319,576)
Net increase (decrease)	(1,470,888)	2,323,155	$ (21,192,927)	$ 32,048,921
Class B
Shares sold	1,790	9,646	$ 25,613	$ 131,453
Reinvestment of distributions	15,329	96,072	217,215	1,308,927
Shares redeemed	(264,786)	(650,407)	(3,833,452)	(8,923,151)
Net increase (decrease)	(247,667)	(544,689)	$ (3,590,624)	$ (7,482,771)
Class C
Shares sold	442,832	1,054,739	$ 6,397,460	$ 14,462,997
Reinvestment of distributions	67,018	300,354	944,957	4,094,533
Shares redeemed	(346,044)	(985,080)	(4,998,165)	(13,520,722)
Net increase (decrease)	163,806	370,013	$ 2,344,252	$ 5,036,808
Institutional Class
Shares sold	7,321,918	19,251,431	$ 108,087,141	$ 269,819,548
Reinvestment of distributions	692,831	2,915,076	9,955,974	40,584,686
Shares redeemed	(10,113,398)	(13,782,709)	(149,095,348)	(193,585,140)
Net increase (decrease)	(2,098,649)	8,383,798	$ (31,052,233)	$ 116,819,094

Semiannual Report

Notes to Financial Statements (Unaudited) - continued

7. Share Transactions - continued

	Shares		Dollars
	Six months ended September 30, 2014	Year ended March 31, 2014	Six months ended September 30, 2014	Year ended March 31, 2014
Advisor Freedom 2045
Class A
Shares sold	8,744,907	21,813,137	$ 98,846,555	$ 237,123,868
Reinvestment of distributions	1,572,045	3,161,418	17,276,776	34,584,656
Shares redeemed	(10,009,798)	(21,252,864)	(113,419,678)	(231,331,936)
Net increase (decrease)	307,154	3,721,691	$ 2,703,653	$ 40,376,588
Class T
Shares sold	2,669,473	5,854,847	$ 30,040,666	$ 63,282,990
Reinvestment of distributions	338,097	592,260	3,698,778	6,461,727
Shares redeemed	(2,167,597)	(3,953,073)	(24,428,438)	(42,870,592)
Net increase (decrease)	839,973	2,494,034	$ 9,311,006	$ 26,874,125
Class B
Shares sold	37	8,016	$ 401	$ 88,545
Reinvestment of distributions	8,536	17,385	93,213	188,888
Shares redeemed	(47,423)	(59,379)	(529,776)	(641,697)
Net increase (decrease)	(38,850)	(33,978)	$ (436,162)	$ (364,264)
Class C
Shares sold	298,188	622,113	$ 3,327,677	$ 6,663,065
Reinvestment of distributions	48,113	78,062	522,990	846,436
Shares redeemed	(142,175)	(345,364)	(1,588,258)	(3,720,315)
Net increase (decrease)	204,126	354,811	$ 2,262,409	$ 3,789,186
Institutional Class
Shares sold	6,376,433	16,898,017	$ 72,513,017	$ 184,576,521
Reinvestment of distributions	975,379	1,791,522	10,768,186	19,712,009
Shares redeemed	(8,074,579)	(11,037,062)	(91,658,768)	(120,937,301)
Net increase (decrease)	(722,767)	7,652,477	$ (8,377,565)	$ 83,351,229
Advisor Freedom 2050
Class A
Shares sold	6,730,082	15,559,859	$ 75,494,385	$ 168,186,336
Reinvestment of distributions	1,085,170	2,139,053	11,828,348	23,255,133
Shares redeemed	(7,336,478)	(15,927,070)	(82,517,272)	(172,752,977)
Net increase (decrease)	478,774	1,771,842	$ 4,805,461	$ 18,688,492
Class T
Shares sold	2,159,890	4,952,273	$ 24,161,987	$ 53,263,754
Reinvestment of distributions	319,983	563,429	3,478,212	6,111,429
Shares redeemed	(2,328,005)	(3,823,850)	(26,146,526)	(41,331,820)
Net increase (decrease)	151,868	1,691,852	$ 1,493,673	$ 18,043,363
Class B
Shares sold	424	6,070	$ 4,671	$ 62,698
Reinvestment of distributions	12,776	26,115	138,232	281,437
Shares redeemed	(96,393)	(116,795)	(1,070,553)	(1,260,526)
Net increase (decrease)	(83,193)	(84,610)	$ (927,650)	$ (916,391)
Class C
Shares sold	278,378	576,662	$ 3,090,130	$ 6,162,264
Reinvestment of distributions	56,710	92,687	613,034	1,001,088
Shares redeemed	(192,884)	(337,180)	(2,143,966)	(3,617,246)
Net increase (decrease)	142,204	332,169	$ 1,559,198	$ 3,546,106
Institutional Class
Shares sold	5,814,779	13,460,852	$ 65,690,741	$ 146,409,293
Reinvestment of distributions	759,673	1,361,462	8,326,006	14,889,948
Shares redeemed	(6,515,168)	(9,180,695)	(73,502,675)	(100,348,531)
Net increase (decrease)	59,284	5,641,619	$ 514,072	$ 60,950,710

Semiannual Report

7. Share Transactions - continued

	Shares		Dollars
	Six months ended September 30, 2014	Year ended March 31, 2014	Six months ended September 30, 2014	Year ended March 31, 2014
Advisor Freedom 2055
Class A
Shares sold	3,041,001	6,413,613	$ 36,060,388	$ 71,666,130
Reinvestment of distributions	99,399	212,805	1,148,062	2,422,593
Shares redeemed	(1,925,534)	(2,762,885)	(22,862,147)	(31,087,783)
Net increase (decrease)	1,214,866	3,863,533	$ 14,346,303	$ 43,000,940
Class T
Shares sold	818,210	1,441,153	$ 9,687,321	$ 16,075,315
Reinvestment of distributions	24,182	46,640	278,818	530,234
Shares redeemed	(376,362)	(535,943)	(4,471,164)	(6,022,756)
Net increase (decrease)	466,030	951,850	$ 5,494,975	$ 10,582,793
Class C
Shares sold	77,408	139,814	$ 912,240	$ 1,564,294
Reinvestment of distributions	2,882	5,264	33,263	59,878
Shares redeemed	(17,977)	(35,519)	(212,682)	(399,907)
Net increase (decrease)	62,313	109,559	$ 732,821	$ 1,224,265
Institutional Class
Shares sold	2,398,829	4,049,210	$ 28,542,271	$ 45,422,502
Reinvestment of distributions	70,031	130,689	810,954	1,492,120
Shares redeemed	(1,377,052)	(1,280,405)	(16,315,883)	(14,465,282)
Net increase (decrease)	1,091,808	2,899,494	$ 13,037,342	$ 32,449,340
Advisor Freedom 2060^A
Class A
Shares sold	11,044	-	$ 110,679	$ -
Reinvestment of distributions	-	-	-	-
Shares redeemed	-	-	-	-
Net increase (decrease)	11,044	-	$ 110,679	$ -
Class T
Shares sold	10,384	-	$ 103,962	$ -
Reinvestment of distributions	-	-	-	-
Shares redeemed	(1)	-	(15)	-
Net increase (decrease)	10,383	-	$ 103,947	$ -
Class C
Shares sold	11,203	-	$ 112,415	$ -
Reinvestment of distributions	-	-	-	-
Shares redeemed	(1)	-	(15)	-
Net increase (decrease)	11,202	-	$ 112,400	$ -
Institutional Class
Shares sold	10,000	-	$ 100,000	$ -
Reinvestment of distributions	-	-	-	-
Shares redeemed	-	-	-	-
Net increase (decrease)	10,000	-	$ 100,000	$ -

^A For the period August 5, 2014 (commencement of operations) to September 30, 2014.

8. Other.

The Funds' organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Funds. In the normal course of business, the Funds may also enter into contracts that provide general indemnifications. The Funds' maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Funds. The risk of material loss from such claims is considered remote.

Semiannual Report

Notes to Financial Statements (Unaudited) - continued

8. Other - continued

The Funds do not invest in the Underlying Funds for the purpose of exercising management or control; however, investments by the Funds within their principal investment strategies may represent a significant portion of the Underlying Fund's net assets. At the end of the period, the following Funds were the owners of record of 10% or more of the total outstanding shares of the Underlying Funds.

	Advisor Freedom 2020	Advisor Freedom 2025	Advisor Freedom 2030	Advisor Freedom 2035	Advisor Freedom 2040
Fidelity Advisor Series Equity Growth Fund	14%	16%	18%	14%	14%
Fidelity Advisor Series Equity-Income Fund	14%	15%	18%	14%	14%
Fidelity Advisor Series Growth & Income Fund	14%	16%	18%	14%	14%
Fidelity Advisor Series Growth Opportunities Fund	14%	16%	18%	14%	14%
Fidelity Advisor Series Opportunistic Insights Fund	14%	15%	19%	14%	14%
Fidelity Advisor Series Small Cap Fund	14%	15%	19%	15%	14%
Fidelity Advisor Series Stock Selector Large Cap Value Fund	14%	15%	18%	14%	14%

The Funds, in aggregate, were the owners of record of more than 20% of the total outstanding shares of the following Underlying Funds.

Fund	% of shares held
Fidelity Advisor Series Equity Growth Fund	100%
Fidelity Advisor Series Equity-Income Fund	100%
Fidelity Advisor Series Growth & Income Fund	100%
Fidelity Advisor Series Growth Opportunities Fund	100%
Fidelity Advisor Series Opportunistic Insights Fund	100%
Fidelity Advisor Series Small Cap Fund	100%
Fidelity Advisor Series Stock Selector Large Cap Value Fund	100%
Fidelity Advisor Short Fixed-Income Fund	26%

In addition, at the end of the period the investment adviser or its affiliates were owners of record of more than 10% of the outstanding shares of the following Fund:

Advisor Freedom 2060

94%

Semiannual Report

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Advisor Freedom 2060 Fund

On May 15, 2014, the Board of Trustees, including the Independent Trustees (together, the Board), voted to approve the management contract (the Advisory Contract) with Strategic Advisers, Inc. (Strategic Advisers) and the administration agreement for the fund. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, considered a broad range of information.

Nature, Extent, and Quality of Services Provided. The Board considered Fidelity's staffing as it relates to the fund, including the backgrounds of investment personnel of Strategic Advisers, and also considered the fund's investment objective, strategies, and relevant investment philosophy. The Board considered the structure of the portfolio manager compensation program and whether this structure provides appropriate incentives to act in the best interests of the fund.

Resources Dedicated to Investment Management and Support Services. The Board reviewed the general qualifications and capabilities of Fidelity's investment staff, including its size, education, experience, and resources, as well as Fidelity's approach to recruiting, managing, and compensating investment personnel. The Board noted that Fidelity has continued to increase the resources devoted to non-U.S. offices, including expansion of Fidelity global investment organization. The Board also noted that Fidelity's analysts have extensive resources, tools and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board believes that Fidelity's investment professionals have sufficient access to global information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, as well as to transmit new information and research conclusions rapidly around the world. Additionally, in its deliberations, the Board considered Fidelity's risk management capabilities and resources, which are an integral part of the investment management process.

Shareholder and Administrative Services. The Board considered the nature, extent, quality, and cost of advisory, administrative, and shareholder services to be performed by Fidelity affiliates under the Advisory Contract and administration agreement and under separate agreements covering transfer agency and pricing and bookkeeping services for the fund. The Board also considered the nature and extent of the supervision of third party service providers, principally custodians and subcustodians.

The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value or convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information through telephone representatives and over the Internet, investor education materials and asset allocation tools, and the expanded availability of Fidelity Investor Centers.

Investment Performance. The fund is a new fund and therefore had no historical performance for the Board to review at the time it approved the fund's Advisory Contract. The Board considered the Investment Adviser's strength in managing asset allocation funds, which the Board is familiar with through its supervision of other target date funds.

Based on its review, the Board concluded that the nature, extent, and quality of services to be provided to the fund under the Advisory Contract should benefit the fund's shareholders.

Competitiveness of Management Fee and Total Expense Ratio. The Board considered the fund's proposed management fee and the projected total expense ratio (excluding the fees and expenses of underlying funds) for each class of the fund in reviewing the Advisory Contract and also considered that the fund will bear indirectly the expenses of the underlying Fidelity funds in which it invests. The Board noted that the fund would not pay a management fee for investment advisory services. In its review of the projected total expense ratio of each class of the fund, the Board noted that the fund invests in classes of the underlying funds so as to avoid charging fund-paid 12b-1 fees at both funds levels, The Board considered that the fund does not pay transfer agent fees. Instead, each underlying Fidelity fund (or the Institutional class of the underlying fund, if that underlying fund offers multiple classes of shares) bears its pro rata portion of the fund's transfer agent fee according to the percentage of the fund's assets invested in that underlying fund. The Board further noted that Fidelity Management & Research Company (FMR) pays all other expenses of the fund, with limited exceptions.

Based on its review, the Board concluded that the projected total expense ratio of each class of the fund was reasonable in light of the services that the fund and its shareholders will receive and the other factors considered.

Costs of the Services and Profitability. The fund is a new fund and therefore no revenue, cost, or profitability data was available for the Board to review in respect of the fund at the time it approved the Advisory Contract. In connection with its future renewal of the fund's Advisory Contract, the Board will consider the level of Fidelity's profits in respect of all the Fidelity funds, including the Fidelity funds in which the fund invests.

Economies of Scale. The Board concluded that because the fund does not pay a management fee and FMR pays all other expenses of the fund, with limited exceptions, economies of scale cannot be realized by the fund, but may be realized by the other Fidelity funds in which the fund invests.

Semiannual Report

Board Approval of Investment Advisory Contracts and Management Fees - continued

Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board ultimately concluded that the advisory fee structures are fair and reasonable, and that the fund's Advisory Contract should be approved.

Advisor Freedom Funds (other than Fidelity Advisor Freedom 2060 Fund)

Each year, the Board of Trustees, including the Independent Trustees (together, the Board), votes on the renewal of the management contract (the Advisory Contract) with Strategic Advisers, Inc. (Strategic Advisers), an affiliate of Fidelity Management & Research Company (FMR), and the administration agreement for each fund. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, requests and considers a broad range of information relevant to the renewal of the Advisory Contracts throughout the year.

The Board meets regularly and, at each of its meetings, covers an extensive agenda of topics and materials and considers factors that are relevant to its annual consideration of the renewal of each fund's Advisory Contract, including the services and support provided to each fund and its shareholders. The Board has established four standing committees (Committees) - Operations, Audit, Fair Valuation, and Governance and Nominating - each composed of and chaired by Independent Trustees with varying backgrounds, to which the Board has assigned specific subject matter responsibilities in order to enhance effective decision-making by the Board. The Operations Committee, of which all of the Independent Trustees are members, meets regularly throughout the year and considers, among other matters, information specifically related to the annual consideration of the renewal of each fund's Advisory Contract. The Board, acting directly and through its Committees, requests and receives information concerning the annual consideration of the renewal of each fund's Advisory Contract. The Board also meets as needed to consider matters specifically related to the Board's annual consideration of the renewal of the Advisory Contracts. Members of the Board may also meet with trustees of other Fidelity funds through ad hoc joint committees to discuss certain matters relevant to the Fidelity funds.

At its September 2014 meeting, the Board, including the Independent Trustees, unanimously determined to renew each fund's Advisory Contract. In reaching its determination, the Board considered all factors it believed relevant and reached a determination, with the assistance of fund counsel and Independent Trustees' counsel and through the exercise of its business judgment, that the renewal of the Advisory Contract was in the best interests of each fund and its shareholders and the fact that no fees are payable under the Advisory Contracts was fair and reasonable. The Board's decision to renew the Advisory Contracts was not based on any single factor, but rather was based on a comprehensive consideration of all the information provided to the Board at its meetings throughout the year. In reaching its determination, the Board was aware that shareholders of each fund have a broad range of investment choices available to them, including a wide choice among funds offered by Fidelity's competitors, and that each fund's shareholders, who have the opportunity to review and weigh the disclosure provided by the fund in its prospectus and other public disclosures, have chosen to invest in that fund, which is part of the Fidelity family of funds.

Nature, Extent, and Quality of Services Provided. The Board considered Fidelity's staffing as it relates to the funds, including the backgrounds of investment personnel of Strategic Advisers, and also considered the funds' investment objectives, strategies, and related investment philosophies. The Independent Trustees also had discussions with senior management of Fidelity's investment operations and investment groups with responsibility for the underlying Fidelity funds in which each fund invests. The Board considered the structure of the portfolio manager compensation program and whether this structure provides appropriate incentives to act in the best interests of each fund. Additionally, the Board considered the portfolio managers' investments, if any, in the funds that they manage.

Resources Dedicated to Investment Management and Support Services. The Board reviewed the general qualifications and capabilities of Fidelity's investment staff, including its size, education, experience, and resources, as well as Fidelity's approach to recruiting, training, managing, and compensating investment personnel. The Board noted that Fidelity has continued to increase the resources devoted to non-U.S. offices, including expansion of Fidelity's global investment organization. The Board also noted that Fidelity's analysts have extensive resources, tools and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board believes that Fidelity's investment professionals have sufficient access to global information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, as well as to transmit new information and research conclusions rapidly around the world. Additionally, in its deliberations, the Board considered Fidelity's risk management and compliance capabilities and resources, which are integral parts of the investment management process.

Shareholder and Administrative Services. The Board considered (i) the nature, extent, quality, and cost of advisory, administrative, and shareholder services performed by Fidelity under the Advisory Contract and under separate agreements covering administration, transfer agency, and pricing and bookkeeping services for each fund; (ii) the nature and extent of the supervision of third party service providers, principally custodians and subcustodians; and (iii) the resources devoted to, and the record of compliance with, each fund's compliance policies and procedures.

Semiannual Report

Investment in a Large Fund Family. The Board considered the benefits to shareholders of investing in a Fidelity fund, including the benefits of investing in a fund that is part of a large family of funds offering a variety of investment disciplines and providing a large variety of mutual fund investor services. The Board noted that Fidelity had taken, or had made recommendations that resulted in the Fidelity funds taking, a number of actions over the previous year that benefited particular funds, including (i) continuing to dedicate additional resources to investment research and to the support of the senior management team that oversees asset management; (ii) persisting in efforts to enhance Fidelity's global research capabilities; (iii) launching new funds and making other enhancements to meet client needs for income-oriented solutions; (iv) reducing fund expenses for certain index funds; (v) continuing to launch dedicated lower cost underlying funds to meet portfolio construction needs related to expanding underlying fund options for Fidelity funds of funds, specifically for the Freedom Fund product lines; (vi) rationalizing product lines and gaining increased efficiencies through fund mergers; (vii) launching sector-based exchange-traded funds and establishing a new Fidelity adviser, Fidelity SelectCo, LLC, to manage sector-based funds and products; (viii) continuing to develop, acquire, and implement systems and technology to improve security and services to the funds and to increase efficiency; (ix) modifying the eligibility criteria for certain share classes to increase their marketability to a portion of the defined contribution plan market; (x) waiving redemption fees for certain qualified fund-of-fund and wrap programs and certain retirement plan transactions; and (xi) launching new Institutional Class shares of certain money market funds to attract and retain assets and to fill a gap in money market fund offerings.

Investment Performance. The Board considered whether each fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions and its performance history. The Board noted that there were portfolio management changes for each fund in January 2014 and March 2014.

The Board took into account discussions with the investment adviser about fund investment performance that occur at Board meetings throughout the year. In this regard the Board noted that as part of regularly scheduled fund reviews and other reports to the Board on fund performance, the Board periodically considers annualized return information for each fund for different time periods, measured against one or more securities market indices, including a customized blended index representative of the fund's asset classes (each a "benchmark index") and a peer group of funds with similar objectives ("peer group"). In its evaluation of fund investment performance at meetings throughout the year, the Board gave particular attention to information indicating underperformance of certain Fidelity funds for specific time periods and the investment adviser's explanations for such underperformance.

In addition to reviewing absolute and relative fund performance, the Independent Trustees periodically consider the appropriateness of fund performance metrics in evaluating the results achieved. In general, the Independent Trustees believe that fund performance should be evaluated based on gross performance (before fees and expenses, including acquired fund fees and expenses, but after transaction costs, if any) compared to appropriate benchmark indices, over appropriate time periods that may include full market cycles, and on net performance (after fees and expenses) compared to peer groups, as applicable, over the same periods, taking into account relevant factors including the following: general market conditions; the extent to which particular underlying funds affected performance; and fund cash flows and other factors. Depending on the circumstances, the Independent Trustees may be satisfied with a fund's performance notwithstanding that it lags its benchmark index or peer group for certain periods.

The Independent Trustees recognize that shareholders evaluate performance on a net basis over their own holding periods, for which one-, three-, and five-year periods are often used as a proxy. For this reason, the performance information reviewed by the Board also included net cumulative calendar year total return information for each fund and an appropriate benchmark index for the most recent one-, three-, and five-year periods (for the most recent one-year period for Fidelity Advisor Freedom 2055 Fund).

Based on its review, the Board concluded that the nature, extent, and quality of services provided to each fund under the Advisory Contract should benefit each fund's shareholders.

Competitiveness of Management Fee and Total Expense Ratio. The Board noted that the funds do not pay Strategic Advisers a management fee for investment advisory services. The Board considered each fund's management fee and total expense ratio compared to "mapped groups" of competitive funds and classes, and also considered that each fund bears indirectly the expenses of the underlying Fidelity funds in which it invests, and that information about such expenses is disclosed in the funds' prospectus. Fidelity creates "mapped groups" by combining similar Lipper investment objective categories that have comparable investment mandates. Combining Lipper investment objective categories aids the Board's management fee and total expense ratio comparisons by broadening the competitive group used for comparison and by reducing the number of universes to which various Fidelity funds are compared.

Management Fee. The Board considered two proprietary management fee comparisons for the 12-month (or shorter) periods shown in the charts below. The group of Lipper funds used by the Board for management fee comparisons is referred to below as the "Total Mapped Group." The Total Mapped Group comparison focuses on a fund's standing in terms of gross management fees before expense reimbursements or caps relative to the total universe of funds with comparable investment mandates, regardless of whether their management fee structures also are comparable. Funds with comparable investment mandates offer exposure to similar types of securities. Funds with comparable management fee structures have similar management fee contractual arrangements (e.g., flat rate charged for advisory services, all-inclusive fee rate, etc.). "TMG %" represents the percentage of funds in the Total Mapped Group that had management fees that were lower than a fund's. For example, a hypothetical TMG % of 20% would mean that 80% of the funds in the Total Mapped Group had higher, and 20% had lower, management fees than a fund. The funds' actual TMG %s are in the charts below. The "Asset-Size Peer Group" (ASPG) comparison focuses on a fund's standing relative to a subset of non-Fidelity funds within the Total Mapped Group that are similar in size and management fee structure. For example, if a fund is in the first quartile of the ASPG, the fund's management fee ranks in the least expensive or lowest 25% of funds in the ASPG. The ASPG represents at least 15% of the funds in the Total Mapped Group with comparable asset size and management fee structures, subject to a minimum of 50 funds (or all funds in the Total Mapped Group if fewer than 50). Additional information, such as the ASPG quartile in which a fund's management fee rate ranked, is also included in the charts and considered by the Board.

Semiannual Report

Board Approval of Investment Advisory Contracts and Management Fees - continued

Advisor Freedom 2005 Fund

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Advisor Freedom 2010 Fund

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Advisor Freedom 2015 Fund

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Advisor Freedom 2020 Fund

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Board Approval of Investment Advisory Contracts and Management Fees - continued

Advisor Freedom 2025 Fund

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Advisor Freedom 2030 Fund

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Semiannual Report

Advisor Freedom 2035 Fund

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Advisor Freedom 2040 Fund

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Semiannual Report

Board Approval of Investment Advisory Contracts and Management Fees - continued

Advisor Freedom 2045 Fund

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Advisor Freedom 2050 Fund

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Advisor Freedom 2055 Fund

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Advisor Freedom Income Fund

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The Board noted that each fund's management fee rate of 0.00% ranked below the median of its Total Mapped Group and below the median of its ASPG for 2013. The Board further noted that many peer funds pay fund-level expenses, including management fees, to which the funds are not subject.

Based on its review, the Board concluded that each fund's management fee is fair and reasonable in light of the services that the fund receives and the other factors considered.

Total Expense Ratio. In its review of the total expense ratio of each class of each fund, the Board noted that each fund invests in Institutional Class of the underlying Fidelity fund (if that underlying fund offers multiple classes of shares) to avoid charging fund-paid 12b-1 fees at both fund levels. The Board considered that the funds do not pay transfer agent fees. Instead, Institutional Class of each underlying Fidelity fund (or the underlying fund, if that underlying fund does not offer multiple classes of shares) bears its pro rata portion of each fund's transfer agent fee according to the percentage of each fund's assets invested in that underlying fund. The Board further noted that FMR pays all other expenses of each fund, with limited exceptions.

For each fund except Advisor Freedom 2055, the Board noted that the total expense ratio of each of Class A, Class B, Class C, and Institutional Class of each fund ranked below its competitive median for 2013 and the total expense ratio of Class T of each fund ranked equal to its competitive median for 2013.

Semiannual Report

Board Approval of Investment Advisory Contracts and Management Fees - continued

The Board noted that the total expense ratio of each of Class A, Class C and Institutional Class of Advisor Freedom 2055 Fund ranked below its competitive median for 2013 and the total expense ratio of Class T of Advisor Freedom 2055 Fund ranked equal to its competitive median for 2013.

Fees Charged to Other Fidelity Clients. The Board also considered Fidelity fee structures and other information with respect to clients of Fidelity, such as other funds advised or subadvised by Fidelity, pension plan clients, and other institutional clients. The Board noted the findings of the 2013 ad hoc joint committee (created with the board of other Fidelity funds), which reviewed and compared Fidelity's institutional investment advisory business with its business of providing services to the Fidelity funds, including the differences in services provided, fees charged, and costs incurred, as well as competition in their respective marketplaces.

Based on its review of total expense ratios and fees charged to other Fidelity clients, the Board concluded that the total expense ratio of each class of each fund was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.

Costs of the Services and Profitability. The Board considered the level of Fidelity's profits in respect of all the Fidelity funds, including the Fidelity funds in which the funds invest.

PricewaterhouseCoopers LLP (PwC), independent registered public accounting firm and auditor to Fidelity and certain Fidelity funds, has been engaged annually by the Board as part of the Board's assessment of Fidelity's profitability analysis. PwC's engagement includes the review and assessment of the methodologies used by Fidelity in determining the revenues and expenses attributable to Fidelity's mutual fund business, and completion of agreed-upon procedures in respect of the mathematical accuracy of fund profitability and its conformity to established allocation methodologies. After considering PwC's reports issued under the engagement and information provided by Fidelity, the Board concluded that while other allocation methods may also be reasonable, Fidelity's profitability methodologies are reasonable in all material respects.

The Board also reviewed Fidelity's non-fund businesses and fall-out benefits related to the mutual fund business as well as cases where Fidelity's affiliates may benefit from or be related to the funds' business.

The Board concluded that the costs of the services provided by and the profits realized by Fidelity in connection with the operation of each fund were not relevant to the renewal of each fund's Advisory Contract because the funds do not pay management fees and FMR pays all other expenses of each fund, with limited exceptions.

Economies of Scale. The Board concluded that because the funds do not pay management fees and FMR pays all other expenses of each fund, with limited exceptions, economies of scale cannot be realized by the funds, but may be realized by the other Fidelity funds in which each fund invests, many of which may benefit from breakpoints under the group fee arrangement.

Additional Information Requested by the Board. In order to develop fully the factual basis for consideration of the Fidelity funds' Advisory Contracts, the Board requested and received additional information on certain topics, including: (i) Fidelity's fund profitability methodology, profitability trends for certain funds, and the impact of certain factors on fund profitability results; (ii) portfolio manager changes that have occurred during the past year and the amount of the investment that each portfolio manager has made in the Fidelity fund(s) that he or she manages; (iii) Fidelity's compensation structure for portfolio managers, research analysts, and other key personnel, including its effects on fund profitability, the rationale for the compensation structure, and the extent to which current market conditions have affected retention and recruitment; (iv) the arrangements with and compensation paid to certain fund sub-advisers on behalf of the Fidelity funds; (v) Fidelity's fee structures, including the group fee structure and definition of group assets, and the rationale for recommending different fees among different categories of funds and classes; (vi) Fidelity's voluntary waiver of its fees to maintain minimum yields for certain money market funds and classes as well as contractual waivers in place for certain funds; (vii) the methodology with respect to competitive fund data and peer group classifications; (viii) Fidelity's transfer agent fee, expense, and service structures for different funds and classes, and the impact of the increased use of omnibus accounts; and (ix) explanations regarding the relative total expense ratios of certain funds and classes, total expense competitive trends and methodologies for total expense competitive comparisons, and actions that might be taken by Fidelity to reduce total expense ratios for certain funds and classes or to achieve further economies of scale.

Semiannual Report

Investment Adviser

Strategic Advisers, Inc.

Boston, MA

Administrator

Fidelity Management & Research Company

Boston, MA

General Distributor

Fidelity Distributors Corporation

Smithfield, RI

Transfer and Service Agents

Fidelity Investments Institutional Operations Company, Inc.

Boston, MA

Fidelity Service Company, Inc.

Boston, MA

Custodians

The Bank of New York Mellon

New York, NY

Income, 2005, 2010, 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050, 2055

JPMorgan Chase Bank

New York, NY

2060

(Fidelity Investment logo)(registered trademark)

AFF-USAN-1114
1.792158.111

Fidelity Advisor Freedom Funds®-

Income, 2005, 2010, 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050, 2055, 2060 -
Institutional Class

Semiannual Report

September 30, 2014

(Fidelity Cover Art)

Shareholder Expense Example

(Click Here)

An example of shareholder expenses.

Fidelity Advisor Freedom® Income Fund

(Click Here)

Investment Changes

Investments

Financial Statements

Fidelity Advisor Freedom 2005 Fund

(Click Here)

Investment Changes

Investments

Financial Statements

Fidelity Advisor Freedom 2010 Fund

(Click Here)

Investment Changes

Investments

Financial Statements

Fidelity Advisor Freedom 2015 Fund

(Click Here)

Investment Changes

Investments

Financial Statements

Fidelity Advisor Freedom 2020 Fund

(Click Here)

Investment Changes

Investments

Financial Statements

Fidelity Advisor Freedom 2025 Fund

(Click Here)

Investment Changes

Investments

Financial Statements

Fidelity Advisor Freedom 2030 Fund

(Click Here)

Investment Changes

Investments

Financial Statements

Fidelity Advisor Freedom 2035 Fund

(Click Here)

Investment Changes

Investments

Financial Statements

Fidelity Advisor Freedom 2040 Fund

(Click Here)

Investment Changes

Investments

Financial Statements

Fidelity Advisor Freedom 2045 Fund

(Click Here)

Investment Changes

Investments

Financial Statements

Fidelity Advisor Freedom 2050 Fund

(Click Here)

Investment Changes

Investments

Financial Statements

Fidelity Advisor Freedom 2055 Fund

(Click Here)

Investment Changes

Investments

Financial Statements

Fidelity Advisor Freedom 2060 Fund

(Click Here)

Investment Summary

Investments

Financial Statements

Notes

(Click Here)

Notes to the financial statements.

Board Approval of Investment Advisory Contracts and Management Fees

(Click Here)

Semiannual Report

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

NOT FDIC INSURED • MAY LOSE VALUE • NO BANK GUARANTEE

Neither the funds nor Fidelity Distributors Corporation is a bank.

Semiannual Report

Shareholder Expense Example

Actual Expenses

Hypothetical Example for Comparison Purposes

	Annualized Expense Ratio ^B	Beginning Account Value	Ending Account Value September 30, 2014	Expenses Paid During Period
Advisor Freedom Income
Class A	.25%
Actual		$ 1,000.00	$ 1,013.20	$ 1.26*
Hypothetical^A		$ 1,000.00	$ 1,023.82	$ 1.27*
Class T	.50%
Actual		$ 1,000.00	$ 1,011.00	$ 2.52*
Hypothetical^A		$ 1,000.00	$ 1,022.56	$ 2.54*
Class B	1.00%
Actual		$ 1,000.00	$ 1,009.30	$ 5.04*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Class C	1.00%
Actual		$ 1,000.00	$ 1,009.40	$ 5.04*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,013.50	$ .00*
Hypothetical^A		$ 1,000.00	$ 1,025.07	$ .00*
	Annualized Expense Ratio ^B	Beginning Account Value	Ending Account Value September 30, 2014	Expenses Paid During Period
Advisor Freedom 2005
Class A	.25%
Actual		$ 1,000.00	$ 1,016.60	$ 1.26*
Hypothetical^A		$ 1,000.00	$ 1,023.82	$ 1.27*
Class T	.50%
Actual		$ 1,000.00	$ 1,015.10	$ 2.53*
Hypothetical^A		$ 1,000.00	$ 1,022.56	$ 2.54*
Class B	1.00%
Actual		$ 1,000.00	$ 1,012.00	$ 5.04*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Class C	1.00%
Actual		$ 1,000.00	$ 1,012.20	$ 5.04*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,017.10	$ .00*
Hypothetical^A		$ 1,000.00	$ 1,025.07	$ .00*
Advisor Freedom 2010
Class A	.25%
Actual		$ 1,000.00	$ 1,017.40	$ 1.26*
Hypothetical^A		$ 1,000.00	$ 1,023.82	$ 1.27*
Class T	.50%
Actual		$ 1,000.00	$ 1,016.70	$ 2.53*
Hypothetical^A		$ 1,000.00	$ 1,022.56	$ 2.54*
Class B	1.00%
Actual		$ 1,000.00	$ 1,014.30	$ 5.05*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Class C	1.00%
Actual		$ 1,000.00	$ 1,014.80	$ 5.05*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,019.50	$ .00*
Hypothetical^A		$ 1,000.00	$ 1,025.07	$ .00*
Advisor Freedom 2015
Class A	.25%
Actual		$ 1,000.00	$ 1,019.00	$ 1.27*
Hypothetical^A		$ 1,000.00	$ 1,023.82	$ 1.27*
Class T	.50%
Actual		$ 1,000.00	$ 1,017.60	$ 2.53*
Hypothetical^A		$ 1,000.00	$ 1,022.56	$ 2.54*
Class B	1.00%
Actual		$ 1,000.00	$ 1,016.00	$ 5.05*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Class C	1.00%
Actual		$ 1,000.00	$ 1,015.60	$ 5.05*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,020.30	$ .00*
Hypothetical^A		$ 1,000.00	$ 1,025.07	$ .00*
	Annualized Expense Ratio ^B	Beginning Account Value	Ending Account Value September 30, 2014	Expenses Paid During Period
Advisor Freedom 2020
Class A	.25%
Actual		$ 1,000.00	$ 1,020.20	$ 1.27*
Hypothetical^A		$ 1,000.00	$ 1,023.82	$ 1.27*
Class T	.50%
Actual		$ 1,000.00	$ 1,018.70	$ 2.53*
Hypothetical^A		$ 1,000.00	$ 1,022.56	$ 2.54*
Class B	1.00%
Actual		$ 1,000.00	$ 1,017.20	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Class C	1.00%
Actual		$ 1,000.00	$ 1,016.90	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,022.10	$ .00*
Hypothetical^A		$ 1,000.00	$ 1,025.07	$ .00*
Advisor Freedom 2025
Class A	.25%
Actual		$ 1,000.00	$ 1,021.70	$ 1.27*
Hypothetical^A		$ 1,000.00	$ 1,023.82	$ 1.27*
Class T	.50%
Actual		$ 1,000.00	$ 1,021.00	$ 2.53*
Hypothetical^A		$ 1,000.00	$ 1,022.56	$ 2.54*
Class B	1.00%
Actual		$ 1,000.00	$ 1,018.10	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Class C	1.00%
Actual		$ 1,000.00	$ 1,017.80	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,023.60	$ .00*
Hypothetical^A		$ 1,000.00	$ 1,025.07	$ .00*
Advisor Freedom 2030
Class A	.25%
Actual		$ 1,000.00	$ 1,022.80	$ 1.27*
Hypothetical^A		$ 1,000.00	$ 1,023.82	$ 1.27*
Class T	.50%
Actual		$ 1,000.00	$ 1,021.50	$ 2.53*
Hypothetical^A		$ 1,000.00	$ 1,022.56	$ 2.54*
Class B	1.00%
Actual		$ 1,000.00	$ 1,019.20	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Class C	1.00%
Actual		$ 1,000.00	$ 1,019.10	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,024.10	$ .00*
Hypothetical^A		$ 1,000.00	$ 1,025.07	$ .00*
	Annualized Expense Ratio ^B	Beginning Account Value	Ending Account Value September 30, 2014	Expenses Paid During Period
Advisor Freedom 2035
Class A	.25%
Actual		$ 1,000.00	$ 1,023.80	$ 1.27*
Hypothetical^A		$ 1,000.00	$ 1,023.82	$ 1.27*
Class T	.50%
Actual		$ 1,000.00	$ 1,022.50	$ 2.54*
Hypothetical^A		$ 1,000.00	$ 1,022.56	$ 2.54*
Class B	1.00%
Actual		$ 1,000.00	$ 1,020.00	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Class C	1.00%
Actual		$ 1,000.00	$ 1,020.10	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,025.00	$ .00*
Hypothetical^A		$ 1,000.00	$ 1,025.07	$ .00*
Advisor Freedom 2040
Class A	.25%
Actual		$ 1,000.00	$ 1,023.60	$ 1.27*
Hypothetical^A		$ 1,000.00	$ 1,023.82	$ 1.27*
Class T	.50%
Actual		$ 1,000.00	$ 1,022.40	$ 2.53*
Hypothetical^A		$ 1,000.00	$ 1,022.56	$ 2.54*
Class B	1.00%
Actual		$ 1,000.00	$ 1,020.30	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Class C	1.00%
Actual		$ 1,000.00	$ 1,020.00	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,024.80	$ .00*
Hypothetical^A		$ 1,000.00	$ 1,025.07	$ .00*
Advisor Freedom 2045
Class A	.25%
Actual		$ 1,000.00	$ 1,023.70	$ 1.27*
Hypothetical^A		$ 1,000.00	$ 1,023.82	$ 1.27*
Class T	.50%
Actual		$ 1,000.00	$ 1,022.30	$ 2.53*
Hypothetical^A		$ 1,000.00	$ 1,022.56	$ 2.54*
Class B	1.00%
Actual		$ 1,000.00	$ 1,020.00	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Class C	1.00%
Actual		$ 1,000.00	$ 1,019.40	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,025.10	$ .00*
Hypothetical^A		$ 1,000.00	$ 1,025.07	$ .00*
	Annualized Expense Ratio ^B	Beginning Account Value	Ending Account Value September 30, 2014	Expenses Paid During Period
Advisor Freedom 2050
Class A	.25%
Actual		$ 1,000.00	$ 1,024.20	$ 1.27*
Hypothetical^A		$ 1,000.00	$ 1,023.82	$ 1.27*
Class T	.50%
Actual		$ 1,000.00	$ 1,022.80	$ 2.54*
Hypothetical^A		$ 1,000.00	$ 1,022.56	$ 2.54*
Class B	1.00%
Actual		$ 1,000.00	$ 1,019.60	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Class C	1.00%
Actual		$ 1,000.00	$ 1,019.90	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,024.70	$ .00*
Hypothetical^A		$ 1,000.00	$ 1,025.07	$ .00*
Advisor Freedom 2055
Class A	.25%
Actual		$ 1,000.00	$ 1,024.10	$ 1.27*
Hypothetical^A		$ 1,000.00	$ 1,023.82	$ 1.27*
Class T	.50%
Actual		$ 1,000.00	$ 1,022.70	$ 2.54*
Hypothetical^A		$ 1,000.00	$ 1,022.56	$ 2.54*
Class C	1.00%
Actual		$ 1,000.00	$ 1,019.80	$ 5.06*
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06*
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,025.40	$ .00*
Hypothetical^A		$ 1,000.00	$ 1,025.07	$ .00*
Advisor Freedom 2060
Class A	.25%
Actual		$ 1,000.00	$ 1,009.00	$ .39 ^C
Hypothetical^A		$ 1,000.00	$ 1,023.82	$ 1.27 ^D
Class T	.50%
Actual		$ 1,000.00	$ 1,008.00	$ .78 ^C
Hypothetical^A		$ 1,000.00	$ 1,022.56	$ 2.54 ^D
Class C	1.00%
Actual		$ 1,000.00	$ 1,007.00	$ 1.57 ^C
Hypothetical^A		$ 1,000.00	$ 1,020.05	$ 5.06 ^D
Institutional Class	.00%
Actual		$ 1,000.00	$ 1,009.00	$ .00 ^C
Hypothetical^A		$ 1,000.00	$ 1,025.07	$ .00 ^D

^A 5% return per year before expenses

^B Annualized expense ratio reflects expenses net of applicable fee waivers.

^D Hypothetical expenses are equal to the Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/365 (to reflect the one-half year period).

* Expenses are equal to the Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/ 365 (to reflect the one-half year period).

The fees and expenses of the underlying Fidelity Funds in which each Fund invests are not included in each Class' annualized expense ratio.

Semiannual Report

Fidelity Advisor Freedom Income Fund

Investment Changes (Unaudited)

The information in the following tables is based on the direct investments of the Fund.

Fund Holdings as of September 30, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Domestic Equity Funds
Fidelity Advisor Series Equity Growth Fund	1.5	0.0
Fidelity Advisor Series Equity-Income Fund	3.2	2.9
Fidelity Advisor Series Growth & Income Fund	2.2	2.3
Fidelity Advisor Series Growth Opportunities Fund	1.4	1.4
Fidelity Advisor Series Opportunistic Insights Fund	1.4	1.3
Fidelity Advisor Series Small Cap Fund	0.8	0.8
Fidelity Advisor Series Stock Selector Large Cap Value Fund	2.1	1.9
Fidelity Series 100 Index Fund	0.9	0.8
Fidelity Series 1000 Value Index Fund	0.3	0.3
Fidelity Series All-Sector Equity Fund	2.1	1.9
Fidelity Series Commodity Strategy Fund	1.0	1.1
Fidelity Series Real Estate Equity Fund	0.2	0.2
Fidelity Series Small Cap Opportunities Fund	1.0	1.0
Fidelity Advisor Equity Growth Fund Institutional Class	0.0	1.5
	18.1	17.4
International Equity Funds
Fidelity Series Emerging Markets Fund	1.8	1.5
Fidelity Series International Growth Fund	2.0	2.6
Fidelity Series International Small Cap Fund	0.4	0.6
Fidelity Series International Value Fund	2.4	2.5
	6.6	7.2
Bond Funds
Fidelity Series Emerging Markets Debt Fund	0.6	0.5
Fidelity Series Floating Rate High Income Fund	0.5	1.2
Fidelity Series High Income Fund	3.6	5.0
Fidelity Series Inflation-Protected Bond Index Fund	3.0	2.7
Fidelity Series Investment Grade Bond Fund	39.5	35.9
Fidelity Series Real Estate Income Fund	0.5	0.4
	47.7	45.7
Short-Term Funds
Fidelity Advisor Short Fixed-Income Fund Institutional Class	12.2	13.4
Fidelity Institutional Money Market Portfolio Institutional Class	15.4	16.3
	27.6	29.7
Net Other Assets (Liabilities)*	0.0	0.0
	100.0	100.0

* Amount represents less than 0.1%

Asset Allocation (% of fund's net assets)
Period end
	Domestic Equity Funds**	18.1%
	International Equity Funds	6.6%
	Bond Funds	47.7%
	Short-Term Funds	27.6%

ffi2353689

Six months ago
	Domestic Equity Funds**	17.4%
	International Equity Funds	7.2%
	Bond Funds	45.7%
	Short-Term Funds	29.7%

ffi2353695

** Includes Fidelity Series Commodity Strategy Fund which invests in commodity-related investments.

Semiannual Report

Fidelity Advisor Freedom Income Fund

Investments September 30, 2014 (Unaudited)

Showing Percentage of Net Assets

Domestic Equity Funds - 18.1%
	Shares		Value
Fidelity Advisor Series Equity Growth Fund (c)	406,528		$ 4,219,763
Fidelity Advisor Series Equity-Income Fund (c)	673,008		8,789,491
Fidelity Advisor Series Growth & Income Fund (c)	446,564		6,006,292
Fidelity Advisor Series Growth Opportunities Fund (c)	355,887		3,928,998
Fidelity Advisor Series Opportunistic Insights Fund (c)	260,488		3,886,483
Fidelity Advisor Series Small Cap Fund (c)	205,057		2,169,502
Fidelity Advisor Series Stock Selector Large Cap Value Fund (c)	427,036		5,718,007
Fidelity Series 100 Index Fund (c)	188,864		2,474,117
Fidelity Series 1000 Value Index Fund (c)	80,103		897,151
Fidelity Series All-Sector Equity Fund (c)	386,824		5,763,672
Fidelity Series Commodity Strategy Fund (a)(c)	352,324		2,617,765
Fidelity Series Real Estate Equity Fund (c)	43,243		551,784
Fidelity Series Small Cap Opportunities Fund (c)	214,786		2,611,802
TOTAL DOMESTIC EQUITY FUNDS (Cost $41,462,372)		49,634,827
International Equity Funds - 6.6%

Fidelity Series Emerging Markets Fund (c)	271,532		4,844,132
Fidelity Series International Growth Fund (c)	382,449		5,342,808
Fidelity Series International Small Cap Fund (c)	79,334		1,220,159
Fidelity Series International Value Fund (c)	601,561		6,526,932
TOTAL INTERNATIONAL EQUITY FUNDS (Cost $14,240,471)		17,934,031
Bond Funds - 47.7%
	Shares		Value
Fidelity Series Emerging Markets Debt Fund (c)	173,393		$ 1,775,542
Fidelity Series Floating Rate High Income Fund (c)	132,824		1,372,069
Fidelity Series High Income Fund (c)	964,325		9,855,402
Fidelity Series Inflation-Protected Bond Index Fund (c)	822,344		8,157,656
Fidelity Series Investment Grade Bond Fund (c)	9,535,159		108,224,051
Fidelity Series Real Estate Income Fund (c)	117,240		1,294,326
TOTAL BOND FUNDS (Cost $127,387,244)		130,679,046
Short-Term Funds - 27.6%

Fidelity Advisor Short Fixed-Income Fund Institutional Class (c)	3,553,971		33,229,627
Fidelity Institutional Money Market Portfolio Institutional Class 0.08% (b)(c)	42,248,473		42,248,473
TOTAL SHORT-TERM FUNDS (Cost $74,650,568)		75,478,100
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $257,740,655)			273,726,004
NET OTHER ASSETS (LIABILITIES) - 0.0%			(51,791)
NET ASSETS - 100%		$ 273,674,213

Legend

(a) Non-income producing

(b) The rate quoted is the annualized seven-day yield of the fund at period end.

Affiliated Underlying Funds

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Advisor Series Equity Growth Fund	$ -	$ 4,471,962	$ 406,084	$ -	$ 4,219,763
Fidelity Advisor Equity Growth Fund Institutional Class	4,369,329	127,833	4,563,281	-	-
Fidelity Advisor Series Equity-Income Fund	8,419,925	1,819,823	1,772,273	80,688	8,789,491
Fidelity Advisor Series Growth & Income Fund	6,522,670	735,051	1,408,755	52,867	6,006,292
Fidelity Advisor Series Growth Opportunities Fund	4,134,051	-	331,089	-	3,928,998
Fidelity Advisor Series Opportunistic Insights Fund	3,784,677	655,868	788,491	-	3,886,483
Fidelity Advisor Series Small Cap Fund	2,344,812	324,798	503,228	-	2,169,502
Fidelity Advisor Series Stock Selector Large Cap Value Fund	5,436,742	1,191,865	1,195,231	-	5,718,007
Fidelity Advisor Short Fixed-Income Fund Institutional Class	38,772,455	3,856,184	9,408,014	161,651	33,229,627
Fidelity Institutional Money Market Portfolio Institutional Class	47,424,506	4,413,615	9,589,648	19,152	42,248,473
Fidelity Series 100 Index Fund	2,426,817	402,319	524,632	-	2,474,117
Fidelity Series 1000 Value Index Fund	983,936	115,389	244,869	-	897,151
Fidelity Series All-Sector Equity Fund	5,512,223	1,174,852	1,205,528	-	5,763,672
Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fidelity Series Commodity Strategy Fund	$ 3,108,298	$ 490,937	$ 605,884	$ -	$ 2,617,765
Fidelity Series Emerging Markets Debt Fund	1,361,591	711,385	292,538	48,308	1,775,542
Fidelity Series Emerging Markets Fund	4,459,691	697,245	483,807	-	4,844,132
Fidelity Series Floating Rate High Income Fund	3,386,915	286,281	2,277,232	62,901	1,372,069
Fidelity Series High Income Fund	14,699,403	1,092,243	5,536,600	339,677	9,855,402
Fidelity Series Inflation-Protected Bond Index Fund	8,029,494	1,383,485	1,306,733	6,900	8,157,656
Fidelity Series International Growth Fund	7,505,601	563,775	2,668,099	-	5,342,808
Fidelity Series International Small Cap Fund	1,747,432	129,386	581,634	-	1,220,159
Fidelity Series International Value Fund	7,276,232	566,012	1,158,746	-	6,526,932
Fidelity Series Investment Grade Bond Fund	104,097,064	19,777,394	16,467,963	1,342,788	108,224,051
Fidelity Series Real Estate Equity Fund	591,989	106,632	141,728	5,044	551,784
Fidelity Series Real Estate Income Fund	1,075,648	461,474	212,244	33,155	1,294,326
Fidelity Series Small Cap Opportunities Fund	2,782,159	725,144	599,854	3,008	2,611,802
Total	$ 290,253,660	$ 46,280,952	$ 64,274,185	$ 2,156,139	$ 273,726,004

Other Information

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fidelity Advisor Freedom Income Fund

Financial Statements

Statement of Assets and Liabilities

	September 30, 2014 (Unaudited)

Assets
Investment in securities, at value (cost $257,740,655) - See accompanying schedule		$ 273,726,004
Cash		16
Receivable for investments sold		335,978
Receivable for fund shares sold		297,821
Total assets		274,359,819

Liabilities
Payable for investments purchased	$ 70,734
Payable for fund shares redeemed	552,101
Distribution and service plan fees payable	62,771
Total liabilities		685,606

Net Assets		$ 273,674,213
Net Assets consist of:
Paid in capital		$ 254,768,985
Undistributed net investment income		300,076
Accumulated undistributed net realized gain (loss) on investments		2,619,803
Net unrealized appreciation (depreciation) on investments		15,985,349
Net Assets		$ 273,674,213
Calculation of Maximum Offering Price Class A: Net Asset Value and redemption price per share ($134,071,059 ÷ 12,105,732 shares)		$ 11.08

Maximum offering price per share (100/94.25 of $11.08)		$ 11.76
Class T: Net Asset Value and redemption price per share ($48,015,968 ÷ 4,339,569 shares)		$ 11.06

Maximum offering price per share (100/96.50 of $11.06)		$ 11.46
Class B: Net Asset Value and offering price per share ($1,417,175 ÷ 128,133 shares)^A		$ 11.06

Class C: Net Asset Value and offering price per share ($15,318,113 ÷ 1,386,379 shares)^A		$ 11.05

Institutional Class: Net Asset Value, offering price and redemption price per share ($74,851,898 ÷ 6,740,573 shares)		$ 11.10

^A Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations

Six months ended September 30, 2014 (Unaudited)

Investment Income
Income distributions from underlying funds		$ 2,156,139

Expenses
Distribution and service plan fees	$ 388,161
Independent trustees' compensation	621
Total expenses before reductions	388,782
Expense reductions	(621)	388,161
Net investment income (loss)		1,767,978
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares	2,621,563
Capital gain distributions from underlying funds	403,639
Total net realized gain (loss)		3,025,202
Change in net unrealized appreciation (depreciation) on underlying funds		(1,155,970)
Net gain (loss)		1,869,232
Net increase (decrease) in net assets resulting from operations		$ 3,637,210

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Fund Name
Financial Statements - continued

Statement of Changes in Net Assets

	Six months ended September 30, 2014 (Unaudited)	Year ended March 31, 2014
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 1,767,978	$ 3,328,717
Net realized gain (loss)	3,025,202	9,533,291
Change in net unrealized appreciation (depreciation)	(1,155,970)	(2,199,958)
Net increase (decrease) in net assets resulting from operations	3,637,210	10,662,050
Distributions to shareholders from net investment income	(1,809,150)	(3,238,481)
Distributions to shareholders from net realized gain	(4,802,044)	(8,061,375)
Total distributions	(6,611,194)	(11,299,856)
Share transactions - net increase (decrease)	(13,537,851)	(36,661,667)
Total increase (decrease) in net assets	(16,511,835)	(37,299,473)

Net Assets
Beginning of period	290,186,048	327,485,521
End of period (including undistributed net investment income of $300,076 and undistributed net investment income of $341,248, respectively)	$ 273,674,213	$ 290,186,048

Financial Highlights - Class A

	Six months ended September 30, 2014	Years ended March 31,
	(Unaudited)	2014	2013	2012	2011	2010
Selected Per-Share Data
Net asset value, beginning of period	$ 11.20	$ 11.21	$ 10.98	$ 10.85	$ 10.35	$ 8.74
Income from Investment Operations
Net investment income (loss) ^E	.07	.12	.12	.15	.16	.22
Net realized and unrealized gain (loss)	.08	.28	.37	.21	.57	1.66
Total from investment operations	.15	.40	.49	.36	.73	1.88
Distributions from net investment income	(.07)	(.12)	(.12)	(.15)	(.16)	(.22)
Distributions from net realized gain	(.19)	(.29)	(.14)	(.08)	(.07)	(.06)
Total distributions	(.27)^I	(.41)	(.26)	(.23)	(.23)	(.27)^H
Net asset value, end of period	$ 11.08	$ 11.20	$ 11.21	$ 10.98	$ 10.85	$ 10.35
Total Return^{B, C, D}	1.32%	3.65%	4.53%	3.34%	7.11%	21.74%
Ratios to Average Net Assets^{F, G}
Expenses before reductions	.25%^A	.25%	.25%	.25%	.25%	.25%
Expenses net of fee waivers, if any	.25%^A	.25%	.25%	.25%	.25%	.25%
Expenses net of all reductions	.25%^A	.25%	.25%	.25%	.25%	.25%
Net investment income (loss)	1.29% ^A	1.10%	1.08%	1.37%	1.48%	2.19%
Supplemental Data
Net assets, end of period (000 omitted)	$ 134,071	$ 147,818	$ 176,876	$ 166,658	$ 157,695	$ 142,691
Portfolio turnover rate ^F	33%^A	36%	17%	24%	35%	31%