SUPPLEMENT TO FIDELITY'S TARGETED
INTERNATIONAL EQUITY FUNDS
DECEMBER 30, 1997 PROSPECTUS
The following information replaces similar information found in the
"Charter" section on page P-29:
Alexandra Edzard is manager of Germany and France, which she has
managed since September 1996 and May 1998, respectively. Ms. Edzard
joined Fidelity International, Limited as an analyst in 1994.
Previously, she was an investment officer for Deutsche Bank AG, in
London, from 1991 to 1994.
<TABLE>
<CAPTION>
<S> <C> <C>
FISCAL YEARS ENDED OCTOBER 31 AVERAGE ANNUAL TOTAL RETURNS CUMULATIVE TOTAL RETURNS
</TABLE>
<ERROR: WIDE TABLE>
ERROR: THE FOLLOWING TABLE: "1X7" IS TOO WIDE!
TABLE WIDTH IS 137 CHARACTERS.
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
PAST 1 YEAR PAST 5 YEARS LIFE OF FUND PAST 1 YEAR PAST 5 YEARS LIFE OF FUND
HONG KONG AND CHINA FUNDG -13.36% N/A 6.06% -13.36% N/A 12.48%
HONG KONG AND CHINA FUND
(LOAD ADJ.A) -15.96% N/A 4.45% -15.96% N/A 9.11%
HANG SENG INDEX -12.53% N/A 7.26% -12.53% N/A 15.05%
</TABLE>
The following information replaces similar information found in the
"Performance" section on page P-25:
YEAR-BY-YEAR TOTAL RETURNS
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CALENDAR YEARS 1996
HONG KONG AND CHINA FUND 40.99%
HANG SENG INDEX 37.50%
CONSUMER PRICE INDEX 3.32%
</TABLE>
The following information replaces similar information found in t he
"Performance" section on page P-28:
(small solid bullet) Southeast Asia Fund is compared to the Lipper
Pacific ex-Japan Funds Average, which reflects the performance of 76
funds investing in the Pacific region excluding Japan.
