SUPPLEMENT TO
FIDELITY'S
INTERNATIONAL BOND
FUNDS PROSPECTUS
DATED FEBRUARY 24, 1994
The Board of Trustees of
Fidelity New Markets Income
Fund has authorized
adoption of a redemption fee
of 1.00% (payable to the
fund) on shares purchased
after February 10, 1995, and
held less than 180 days.
The following information
replaces corresponding
sections with respect to
Fidelity New Markets Income
Fund under the heading
"Expenses" on page 4.
SHAREHOLDER TRANSACTION
EXPENSES are charges you
pay when you buy or sell
shares of a fund.
Maximum sales charge on
purchases and
reinvested dividends None
Deferred sales charge on
redemptions None
Exchange fee None
Redemption fee on shares held
less than
180 days for shares purchased
after
February 10, 1995
(New Markets Income only)
1.00%
The following information
supplements information in
the section entitled
"Transaction Details"
beginning on page 15.
The redemption fee for New
Markets Income, if
applicable, will be deducted
from the amount of your
redemption. This fee is paid
to the fund rather than FMR,
and it does not apply to
shares that were acquired
through reinvestment of
distributions. If shares were
not all held for the same
length of time, those shares
you held longest will be
redeemed first for purposes
of determining whether the
fee applies.
The following replaces the
second, third, and fourth
paragraphs of the section
entitled "FMR and Its
Affiliates" on page 17.
Scott Kuldell is manager of
Short-Term World Income,
which he has managed since
April 1994. Mr. Kuldell also
manages Deutsche Mark,
Sterling, and Yen funds. Mr.
Kuldell joined Fidelity in
1987.
Jonathan Kelly is manager of
Global Bond and New
Markets Income, which he
has managed since October
1993 and January 1995,
respectively. He also
manages Advisor Emerging
Markets Income and Canada
Emerging Markets Income,
and he co-manages Advisor
Income & Growth. He joined
Fidelity in 1991, after
receiving his M.B.A. from the
Wharton School at the
University of Pennsylvania.
Mr. Kelly worked in the
money management field
prior to business school.
SUPPLEMENT TO
FIDELITY'S
INTERNATIONAL BOND
FUNDS PROSPECTUS
DATED FEBRUARY 24, 1994
The Board of Trustees of
Fidelity New Markets Income
Fund has authorized
adoption of a redemption fee
of 1.00% (payable to the
fund) on shares purchased
after February 10, 1995, and
held less than 180 days.
The following information
replaces corresponding
sections with respect to
Fidelity New Markets Income
Fund under the heading
"Expenses" on page 4.
SHAREHOLDER TRANSACTION
EXPENSES are charges you
pay when you buy or sell
shares of a fund.
Maximum sales charge on
purchases and
reinvested dividends None
Deferred sales charge on
redemptions None
Exchange fee None
Redemption fee on shares held
less than
180 days for shares purchased
after
February 10, 1995
(New Markets Income only)
1.00%
The following information
supplements information in
the section entitled
"Transaction Details"
beginning on page 15.
The redemption fee for New
Markets Income, if
applicable, will be deducted
from the amount of your
redemption. This fee is paid
to the fund rather than FMR,
and it does not apply to
shares that were acquired
through reinvestment of
distributions. If shares were
not all held for the same
length of time, those shares
you held longest will be
redeemed first for purposes
of determining whether the
fee applies.
The following replaces the
second, third, and fourth
paragraphs of the section
entitled "FMR and Its
Affiliates" on page 17.
Scott Kuldell is manager of
Short-Term World Income,
which he has managed since
April 1994. Mr. Kuldell also
manages Deutsche Mark,
Sterling, and Yen funds. Mr.
Kuldell joined Fidelity in
1987.
Jonathan Kelly is manager of
Global Bond and New
Markets Income, which he
has managed since October
1993 and January 1995,
respectively. He also
manages Advisor Emerging
Markets Income and Canada
Emerging Markets Income,
and he co-manages Advisor
Income & Growth. He joined
Fidelity in 1991, after
receiving his M.B.A. from the
Wharton School at the
University of Pennsylvania.
Mr. Kelly worked in the
money management field
prior to business school.
ITL-95-1 January 26, 1995
ITL-95-1 January 26, 1995
