FIDELITY INVESTMENT TRUST, 497K1, 1998-10-23

FIDELITY INVESTMENT TRUST
497K1, 1998-10-23

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F U N D P R O F I L E

EDGAR Submission type: 497K1
Filed pursuant to Rule 497(k)(1)(i)
FIDELITY CANADA FUND

CAN-profile-1098

[DATE]

This Profile summarizes key information about the fund that is
included in the fund's prospectus. The fund's prospectus includes
additional information about the fund, including a more detailed
description of the risks associated with investing in the fund that
you may want to consider before you invest. You may obtain the
prospectus and other information about the fund at no cost by calling
Fidelity (registered trademark) at 1-800-544-8888 or visiting
Fidelity's Web site at www.fidelity.com.

[Item Code number]

(Fidelity Logo Graphic)(registered trademark)
82 Devonshire Street, Boston, MA 02109

Investment Summary
INVESTMENT OBJECTIVE. Canada Fund seeks growth of capital over the
long term.
PRINCIPAL INVESTMENT STRATEGIES. Fidelity Management & Research
Company (FMR)'s principal investment strategies include:
(small solid bullet) Investing at least 65% of total assets in
securities of issuers that have their principal activities in Canada
or are registered in Canadian markets.
(small solid bullet) Also, investing in securities of U.S. issuers.
(small solid bullet) Investing primarily in common stocks.
(small solid bullet) Using fundamental analysis of each issuer's
financial condition and industry position and market and economic
conditions to select investments.
PRINCIPAL INVESTMENT RISKS. The fund is subject to the following
principal investment risks:
(small solid bullet) STOCK MARKET VOLATILITY. Stock markets are
volatile and can decline significantly in response to adverse issuer,
political, regulatory, market or economic developments. Different
parts of the market can react differently to these developments.
(small solid bullet) FOREIGN EXPOSURE. Foreign markets can be more
volatile than the U.S. market due to increased risks of adverse
issuer, political, regulatory, market or economic developments and can
perform differently than the U.S. market.
(small solid bullet) GEOGRAPHIC CONCENTRATION IN CANADA. The Canadian
economy is significantly affected by the U.S. economy and the price of
natural resources.
(small solid bullet) ISSUER-SPECIFIC CHANGES. The value of an
individual security or particular type of security can be more
volatile than the market as a whole and can perform differently than
the value of the market as a whole.
An investment in the fund is not a deposit of a bank and is not
insured or guaranteed by the Federal Deposit Insurance Corporation or
any other government agency.
When you sell your shares of the fund, they could be worth more or
less than what you paid for them.
Additional information about the fund's investments is available in
the fund's annual and semi-annual reports to shareholders. In the
fund's annual and semi-annual reports, you will find a discussion of
the market conditions and investment strategies that significantly
affected the fund's performance during the period covered by the
report. You may obtain a free copy of the fund's annual or
semi-annual report by calling 1-800-544-8888.

YEAR-BY-YEAR RETURNS
The returns in the chart do not include the effect of Canada Fund's
front-end sales charge. If the effect of the sales charge was
reflected, returns would be lower than those shown.

<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CANADA FUND

CALENDAR YEARS 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997

% % % % % % % % % %

</TABLE>

PERCENTAGE (%)
ROW: 1, COL: 1, VALUE: NIL
ROW: 2, COL: 1, VALUE: NIL
ROW: 3, COL: 1, VALUE: NIL
ROW: 4, COL: 1, VALUE: NIL
ROW: 5, COL: 1, VALUE: NIL
ROW: 6, COL: 1, VALUE: NIL
ROW: 7, COL: 1, VALUE: NIL
ROW: 8, COL: 1, VALUE: NIL
ROW: 9, COL: 1, VALUE: NIL
ROW: 10, COL: 1, VALUE: NIL
DURING THE PERIODS SHOWN IN THE CHART FOR CANADA FUND, THE HIGHEST
RETURN FOR A QUARTER WAS __% (QUARTER ENDING ____, 19__) AND THE
LOWEST RETURN FOR A QUARTER WAS
__% (QUARTER ENDING ____, 19__).

AVERAGE ANNUAL RETURNS
The returns in the table include the effect of Canada Fund's front-end
sales charge.

<TABLE>
<CAPTION>
<S> <C> <C> <C>
FOR THE PERIODS ENDED [DATE OF MOST RECENT CALENDAR QUARTER END] PAST 1 PAST 5 PAST 10
YEAR YEARS YEARS

CANADA FUND % % %

TORONTO STOCK EXCHANGE INDEX % % %

</TABLE>

[If FMR had not reimbursed certain fund expenses during these periods,
the fund's total returns would have been lower.]
Toronto Stock Exchange (TSE) 300 is a market capitalization-weighted
index of 300 stocks traded in the Canadian market.

Fee Table
The following table describes the fees and expenses that are incurred
when you buy, hold or sell shares of the fund. The annual fund
operating expenses provided are [based on historical expenses/higher
than the expenses actually paid by the fund as the result of the
payment or reduction of certain expenses] during the period.

SHAREHOLDER FEES (PAID BY THE INVESTOR)
MAXIMUM SALES CHARGE (LOAD) ON PURCHASES (AS A % OF OFFERING PRICE) 3.00%X

SALES CHARGE (LOAD) ON NONE
REINVESTED DISTRIBUTIONS

DEFERRED SALES CHARGE (LOAD) ON REDEMPTIONS NONE

REDEMPTION FEE (SHORT-TERM TRADING FEE) 1.50%
ON SHARES HELD LESS THAN 90 DAYS
(AS A % OF AMOUNT REDEEMED)

ANNUAL ACCOUNT MAINTENANCE FEE (FOR ACCOUNTS UNDER $2,500) $12.00

XLower sales charges may be available for accounts over $250,000.

FUND OPERATING EXPENSES (PAID BY THE FUND)
MANAGEMENT FEE %

DISTRIBUTION (12B-1) FEE NONE

OTHER EXPENSES %

TOTAL ANNUAL FUND OPERATING EXPENSES %

[A portion of the brokerage commissions that the fund pays is used to
reduce the fund's expenses. In addition, the fund has entered into
arrangements with its custodian and transfer agent whereby credits
realized as a result of uninvested cash balances are used to reduce
custodian and transfer agent expenses. Including these reductions, the
total fund operating expenses would have been __%.]
This EXAMPLE helps you compare the cost of investing in the fund with
the cost of investing in other mutual funds.
Let's say, hypothetically, that the fund's annual return is 5% and
that your shareholder fees and the fund's annual operating expenses
are exactly as described in the fee table. This example illustrates
the effect of fees and expenses, but is not meant to suggest actual or
expected fees and expenses or returns, all of which may vary. For
every $10,000 you invested, here's how much you would pay in total
expenses if you close your account after the number of years
indicated:

1 YEAR $

3 YEARS $

5 YEARS $

10 YEARS $

Buying Shares
The fund's shares are sold with a maximum 3.00% sales charge.
The fund's sales charge may be reduced according to the following
schedule. Additionally, the sales charge may be waived for certain
individual or institutional investors, including investors through
retirement accounts.

SALES CHARGE

RANGES AS A % OF OFFERING PRICE

$0 - 249,999 3.00%

$250,000 - 499,999 2.00%

$500,000 - 999,999 1.00%

$1,000,000 OR MORE NONE

To qualify for a sales charge reduction or waiver, you must notify
Fidelity in advance of your purchase.
You may buy shares of the fund after reading this profile or you may
request a prospectus to review before investing. If you buy shares
after reviewing this profile, Fidelity will send you a prospectus with
your confirmation. To buy shares, fill out an application and mail it
with a check to the address listed on the application. You may also
buy shares by exchange from another Fidelity fund. Both accounts must
have the same registration, including name, address and taxpayer ID.
The minimum initial purchase amount is $2,500 ($500 for certain
retirement accounts), the minimum additional investment amount is
$250, and the minimum balance amount is $2,000 ($500 for certain
retirement accounts).
If you invest through an investment professional or through a
retirement account, certain account features and policies may differ.

Selling Shares
You may sell all or a portion of your shares on any business day by
phone, by mail, by wire, or over the internet through Fidelity's Web
site. You may also redeem shares by exchange to another Fidelity fund.
Both accounts must have the same registration, including name, address
and taxpayer ID. A signature guarantee may be required in certain
circumstances. Normally Fidelity will process redemptions by the next
business day, but Fidelity may take up to seven days to process
redemptions if making immediate payment would adversely affect the
fund.
In addition, when you sell your shares, you will pay a 1.50%
SHORT-TERM TRADING FEE if you have held your shares for less than 90
days.

Distributions and Taxes
The fund normally pays dividends and capital gains distributions in
December.
You may elect to have your dividends and/or capital gains
distributions automatically reinvested in additional shares of the
fund, paid in cash, or automatically invested in shares of another
identically registered Fidelity fund. If you do not indicate a choice
on your application, your distributions will be automatically
reinvested. Not all distribution options are available for every
account.
Distributions you receive from the fund are subject to federal income
tax, and may also be subject to state or local taxes.
For federal tax purposes, the fund's dividends and distributions of
short-term capital gains are taxable to you as ordinary income. The
fund's distributions of long-term capital gains are taxable to you
generally as capital gains at a rate based on how long the securities
were held.

Fund Management
FMR is the fund's manager.
As the manager, FMR is responsible for choosing the fund's investments
and handling its business affairs.
Affiliates assist FMR with foreign investments:
(small solid bullet) Fidelity Management & Research (U.K.) Inc. (FMR
U.K.) serves as a sub-adviser for the fund. Currently, FMR U.K.
provides investment research and advice on issuers based outside the
United States and may also provide investment advisory services for
the fund.
(small solid bullet) Fidelity Management & Research Far East Inc. (FMR
Far East) serves as a sub-adviser for the fund. Currently, FMR Far
East provides investment research and advice on issuers based outside
the United States and may also provide investment advisory services
for the fund.
(small solid bullet) Fidelity International Investment Advisors (FIIA)
serves as a sub-adviser for the fund. Currently, FIIA provides
investment research and advice on issuers based outside the United
States and may also provide investment advisory services for the fund.
(small solid bullet) Fidelity International Investment Advisors (U.K.)
Limited (FIIA (U.K.) L) serves as a sub-adviser for the fund.
Currently, FIIA (U.K.) L provides investment research and advice on
issuers based outside the United States and may also provide
investment advisory services for the fund.
Bob Haber is Vice President and manager of Canada Fund, which he has
managed since July 1998. Previously, he managed several other Fidelity
funds. Mr. Haber joined Fidelity in 1985. Currently, he is chief
investment officer for Fidelity Investments Canada Limited.
Stephen Binder is associate manager of Canada, which he has managed
since July 1998. Previously, he managed other Fidelity funds. Since
joining Fidelity in 1989, Mr. Binder has worked as an analyst and
manager.

Summary of Available Services
Fidelity provides a number of services to its shareholders. Among them
are:
(small solid bullet) 24 hour telephone assistance, 1-800-544-6666;
(small solid bullet) TDD - Service for the Deaf and Hearing-Impaired
(9:00 a.m. - 9:00 p.m. Eastern time), 1-800-544-0118;
(small solid bullet) Fidelity's Web site, www.fidelity.com;
(small solid bullet) TouchTone Xpress (registered trademark)(an
automated service for obtaining account information by phone),
1-800-544-5555;
(small solid bullet) Over 75 walk-in Investor Centers nationwide;
(small solid bullet) Exchange privileges among Fidelity funds; and
(small solid bullet) Regular investment and withdrawal plans.
Fidelity, Fidelity Investments & (Pyramid) Design, Fidelity
Investments and TouchTone Xpress are registered trademarks of FMR
Corp.

F U N D P R O F I L E

EDGAR Submission type: 497K1
Filed pursuant to Rule 497(k)(1)(i)

FIDELITY DIVERSIFIED INTERNATIONAL FUND

DIF-profile-1098

[DATE]

[Insert item Code number]

(Fidelity logo graphic)(registered trademark)
82 Devonshire Street, Boston, MA 02109

INVESTMENT SUMMARY
INVESTMENT OBJECTIVE. Diversified International seeks capital growth.
PRINCIPAL INVESTMENT STRATEGIES. Fidelity Management & Research
Company (FMR)'s principal investment strategies include:
(small solid bullet) Investing at least 65% of total assets in foreign
securities.
(small solid bullet) Investing primarily in common stocks.
(small solid bullet) Allocating investments across countries and
regions considering the size of the market in each country and region
relative to the size of the international market as a whole.
(small solid bullet) Using computer-aided, quantitative analysis of
historical earnings, dividend yield, earnings per share and other
factors supported by fundamental research to select investments.
PRINCIPAL INVESTMENT RISKS. The fund is subject to the following
principal investment risks:
(small solid bullet) STOCK MARKET VOLATILITY. Stock markets are
volatile and can decline significantly in response to adverse issuer,
political, regulatory, market or economic developments. Different
parts of the market can react differently to these developments.
(small solid bullet) FOREIGN EXPOSURE. Foreign markets, particularly
emerging markets, can be more volatile than the U.S. market due to
increased risks of adverse issuer, political, regulatory, market or
economic developments and can perform differently than the U.S.
market.
(small solid bullet) ISSUER-SPECIFIC CHANGES. The value of an
individual security or particular type of security can be more
volatile than the market as a whole and can perform differently than
the value of the market as a whole.
(small solid bullet) QUANTITATIVE INVESTING. Securities selected
using quantitative analysis can perform differently than the market as
a whole as a result of the factors used in the analysis, the weight
placed on each factor, and changes in the factors' historical trends.
An investment in the fund is not a deposit of a bank and is not
insured or guaranteed by the Federal Deposit Insurance Corporation or
any other government agency.
When you sell your shares of the fund, they could be worth more or
less than what you paid for them.
Additional information about the fund's investments is available in
the fund's annual and semi-annual reports to shareholders. In the
fund's annual and semi-annual reports, you will find a discussion of
the market conditions and investment strategies that significantly
affected the fund's performance during the period covered by the
report. You may obtain a free copy of the fund's annual or
semi-annual report by calling 1-800-544-8888.

YEAR-BY-YEAR RETURNS

<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
DIVERSIFIED INTERNATIONAL

CALENDAR YEARS 1992 1993 1994 1995 1996 1997

% % % % % %

</TABLE>

PERCENTAGE (%)
ROW: 1, COL: 1, VALUE: 0.0
ROW: 2, COL: 1, VALUE: 0.0
ROW: 3, COL: 1, VALUE: 0.0
ROW: 4, COL: 1, VALUE: 0.0
ROW: 5, COL: 1, VALUE: 0.0
ROW: 6, COL: 1, VALUE: 0.0
ROW: 7, COL: 1, VALUE: 0.0
ROW: 8, COL: 1, VALUE: 0.0
ROW: 9, COL: 1, VALUE: 0.0
ROW: 10, COL: 1, VALUE: 0.0
DURING THE PERIODS SHOWN IN THE CHART FOR DIVERSIFIED INTERNATIONAL,
THE HIGHEST RETURN FOR A QUARTER WAS __% (QUARTER ENDING [CALENDAR
QUARTER], [YEAR]) AND THE LOWEST
RETURN FOR A QUARTER WAS __% (QUARTER ENDING [CALENDAR QUARTER],
[YEAR]).

AVERAGE ANNUAL RETURNS

<TABLE>
<CAPTION>
<S> <C> <C> <C>
FOR THE PERIODS ENDED [DATE OF MOST RECENT CALENDAR QUARTER END] PAST 1 PAST 5 LIFE OF FUND
YEAR YEARS

DIVERSIFIED INTERNATIONAL % % %A,[B]

MORGAN STANLEY CAPITAL INTERNATIONAL GDP-WEIGHTED EAFE INDEX % % %A

LIPPER INTERNATIONAL FUNDS AVERAGE % % %

</TABLE>

A FROM JANUARY 1, 1992.
[B IF FMR HAD NOT REIMBURSED CERTAIN FUND EXPENSES DURING THESE
PERIODS, TOTAL RETURNS WOULD HAVE BEEN LOWER.]

Morgan Stanley Capital International Europe, Australasia, Far East
(EAFE) Index is a market capitalization-weighted index that is
designed to represent the performance of developed stock markets
outside the United States and Canada. The index may be compiled in two
ways: a market capitalization-weighted (cap-weighted) and a gross
domestic product-weighted (GDP-weighted) version. As of _______, the
cap-weighted index included over ____ equity securities of companies
domiciled in ___ countries, and the GDP-weighted index included over
____ equity securities of companies domiciled in ___ countries.
Lipper International Funds Average reflects the performance (excluding
sales charges) of mutual funds with similar objectives.

Fee Table
The following table describes the fees and expenses that are incurred
when you buy, hold or sell shares of the fund. The annual fund
operating expenses provided below are [based on historical
expenses/higher than the expenses actually paid the fund as the result
of [the payment or reduction of certain expenses]] during the period.

SHAREHOLDER FEES (PAID BY THE INVESTOR)
SALES CHARGE (LOAD) ON PURCHASES NONE
AND REINVESTED DISTRIBUTIONS

DEFERRED SALES CHARGE (LOAD) ON REDEMPTIONS NONE

ANNUAL ACCOUNT MAINTENANCE FEE (FOR ACCOUNTS UNDER $2,500) $12.00

FUND OPERATING EXPENSES (PAID BY THE FUND)
MANAGEMENT FEE %

DISTRIBUTION (12B-1) FEE NONE

OTHER EXPENSES %

TOTAL ANNUAL FUND OPERATING EXPENSES %

[A portion of the brokerage commissions that the fund pays is used to
reduce the fund's expenses. In addition, the fund has entered into
arrangements with its custodian and transfer agent whereby credits
realized as a result of uninvested cash balances are used to reduce
custodian and transfer agent expenses. Including these reductions, the
total fund operating expenses would have been __% .]
This EXAMPLE helps you compare the cost of investing in the fund with
the cost of investing in other mutual funds.
Let's say, hypothetically, that the fund's annual return is 5% and
that your shareholder fees and the fund's annual operating expenses
are exactly as described in the fee table. This example illustrates
the effect of fees and expenses, but is not meant to suggest actual or
expected fees and expenses or returns, all of which may vary. For
every $10,000 you invested, here's how much you would pay in total
expenses if you close your account after the number of years
indicated:

1 YEAR $

3 YEARS $

5 YEARS $

10 YEARS $

Buying Shares
The fund's shares are sold without a sales charge.
You may buy shares of the fund after reading this profile or you may
request a prospectus to review before investing. If you buy shares
after reviewing this profile, Fidelity will send you a prospectus with
your confirmation. To buy shares, fill out an application and mail it
with a check to the address listed on the application. You may also
buy shares by exchange from another Fidelity fund. Both accounts must
have the same registration, including name, address and taxpayer ID.
The minimum initial purchase amount is $2,500 ($500 for certain
retirement accounts), the minimum additional investment amount is
$250, and the minimum balance amount is $2,000 ($500 for certain
retirement accounts).
If you invest through an investment professional or through a
retirement account, certain account features and policies may differ.

Fund Management
Fidelity Management & Research Company (FMR) is the fund's manager.
As the manager, FMR is responsible for choosing the fund's investments
and handling its business affairs.
Affiliates assist FMR with foreign investments:
(small solid bullet) Fidelity Management & Research (U.K.) Inc. (FMR
U.K.) serves as a sub-adviser for the fund. [Currently, FMR U.K. is
primarily responsible for choosing investments for the fund../
Currently, FMR U.K. provides investment research and advice on issuers
based outside the United States and may also provide investment
advisory services for the fund.]
(small solid bullet) Fidelity Management & Research Far East Inc. (FMR
Far East) serves as a sub-adviser for the fund. [Currently, FMR Far
East is primarily responsible for choosing investments for the fund../
Currently, FMR Far East provides investment research and advice on
issuers based outside the United States and may also provide
investment advisory services for the fund.]
(small solid bullet) Fidelity International Investment Advisors (FIIA)
serves as a sub-adviser for the fund. [Currently, FIIA is primarily
responsible for choosing investments for the fund../Currently, FIIA
provides investment research and advice on issuers based outside the
United States and may also provide investment advisory services for
the fund.]
(small solid bullet) Fidelity International Investment Advisors (U.K.)
Limited (FIIA (U.K.) L) serves as a sub-adviser for the fund.
[Currently, FIIA (U.K.) L is primarily responsible for choosing
investments for the fund. / Currently, FIIA (U.K.) L provides
investment research and advice on issuers based outside the United
States and may also provide investment advisory services for the
fund.]
(small solid bullet) Fidelity Investment Japan Ltd. (FIJ) serves as a
sub-adviser for the fund. [Currently, FIJ is primarily responsible for
choosing investments for the fund./Currently, FIJ provides investment
research and advice on issuers based outside the United States and may
also provide investment advisory services for the fund.]
Greg Fraser is Vice President and manager of Diversified
International, which he has managed since December 1991. Previously,
he managed other Fidelity funds. Mr. Fraser joined Fidelity in 1986.

Summary of Available Services
Fidelity provides a number of services to its shareholders. Among them
are:
(small solid bullet) 24 hour telephone assistance, 1-800-544-6666;
(small solid bullet) TDD - Service for the Deaf and Hearing-Impaired
(9:00 a.m. - 9:00 p.m. Eastern time), 1-800-544-0118;
(small solid bullet) Fidelity's Web site, www.fidelity.com;
(small solid bullet) TouchTone Xpress (an automated service for
obtaining account information by phone), 1-800-544-5555;
(small solid bullet) Over 75 walk-in Investor Centers nationwide;
(small solid bullet) Exchange privileges among Fidelity funds; and
(small solid bullet) Regular investment and withdrawal plans.
Fidelity, Fidelity Investments & (Pyramid) Design, and TouchTone
Xpress are registered trademarks of FMR Corp.
The third party marks appearing above are the marks of their
respectived owners.

F U N D P R O F I L E

EDGAR Submission type: 497K1
Filed pursuant to Rule 497(k)(1)(i)

FIDELITY EMERGING MARKETS FUND

EMF-profile-1098

[DATE]

[Item Code number]

(Fidelity Logo Graphic)(registered trademark)
82 Devonshire Street, Boston, MA 02109

Investment Summary
INVESTMENT OBJECTIVE. Emerging Markets Fund seeks capital
appreciation.
PRINCIPAL INVESTMENT STRATEGIES. Fidelity Management & Research
Company (FMR)'s principal investment strategies include:
(small solid bullet) Investing at least 65% of total assets in
securities of emerging markets issuers.
(small solid bullet) Emphasizing countries with relatively low gross
national product per capita compared to the world's major economies
and countries with the potential for rapid economic growth.
(small solid bullet) Investing primarily in common stocks.
(small solid bullet) Allocating investments across countries
considering the size of the market in each country relative to the
size of the markets in countries considered emerging markets as a
whole.
(small solid bullet) Using fundamental analysis of each issuer's
financial condition and industry position and market and economic
conditions to select investments.
PRINCIPAL INVESTMENT RISKS. The fund is subject to the following
principal investment risks:
(small solid bullet) STOCK MARKET VOLATILITY. Stock markets are
volatile and can decline significantly in response to adverse issuer,
political, regulatory, market or economic developments. Different
parts of the market can react differently to these developments.
(small solid bullet) FOREIGN EXPOSURE. Foreign markets, particularly
emerging markets, can be more volatile than the U.S. market due to
increased risks of adverse issuer, political, regulatory, market or
economic developments and can perform differently than the U.S.
market. Emerging markets can be subject to greater social, economic,
regulatory and political uncertainties and can be extremely volatile.
(small solid bullet) ISSUER-SPECIFIC CHANGES. The value of an
individual security or particular type of security can be more
volatile than the market as a whole and can perform differently than
the value of the market as a whole.
An investment in the fund is not a deposit of a bank and is not
insured or guaranteed by the Federal Deposit Insurance Corporation or
any other government agency.

When you sell your shares of the fund, they could be worth more or
less than what you paid for them.

Additional information about the fund's investments is available in
the fund's annual and semi-annual reports to shareholders. In the
fund's annual and semi-annual reports, you will find a discussion of
the market conditions and investment strategies that significantly
affected the fund's performance during the period covered by the
report. You may obtain a free copy of the fund's annual or
semi-annual report by calling 1-800-544-8888.

Performance
The following information illustrates the changes in the fund 's
performance from year to year and compares the fund 's performance to
the performance of a market index and similar funds over various
periods of time. Prior to February 19, 1993, the fund operated under
certain different investment policies. Accordingly, the fund's
historical performance may not represent its current investment
policies. Returns are based on past results and are not an indication
of future performance.

YEAR-BY-YEAR RETURNS
The returns in the chart do not include the effect of Emerging Market
Fund's front-end sales charge. If the effect of the sales charge was
reflected, returns would be lower than those shown.

EMERGING MARKETS FUND

CALENDAR YEARS 1991 1992 1993 1994 1995 1996 1997

% % % % % % %

PERCENTAGE (%)
ROW: 1, COL: 1, VALUE: NIL
ROW: 2, COL: 1, VALUE: NIL
ROW: 3, COL: 1, VALUE: NIL
ROW: 4, COL: 1, VALUE: NIL
ROW: 5, COL: 1, VALUE: NIL
ROW: 6, COL: 1, VALUE: NIL
ROW: 7, COL: 1, VALUE: NIL
ROW: 8, COL: 1, VALUE: NIL
ROW: 9, COL: 1, VALUE: NIL
ROW: 10, COL: 1, VALUE: NIL
DURING THE PERIODS SHOWN IN THE CHART FOR EMERGING MARKETS FUND, THE
HIGHEST RETURN FOR A QUARTER WAS __% (QUARTER ENDING _____, 19__) AND
THE LOWEST RETURN FOR A
QUARTER WAS __% (QUARTER ENDING _____, 19__).

AVERAGE ANNUAL RETURNS
The returns in the table include the effect of Emerging Markets Fund's
front-end sales charge.

<TABLE>
<CAPTION>
<S> <C> <C> <C>
FOR THE PERIODS ENDED [DATE OF MOST RECENT CALENDAR QUARTER END] PAST 1 PAST 5 LIFE OF FUNDX
YEAR YEARS

EMERGING MARKETS FUND % % %

MSCI EMERGING MARKETS FREE INDEX % % %

LIPPER EMERGING MARKETS FUNDS AVERAGE % % %

</TABLE>

x From January 1, 1991.

[If FMR had not reimbursed certain fund expenses during these periods,
the fund's total returns would have been lower.]
Morgan Stanley Capital International Emerging Markets Free Index is a
market capitalization-weighted index that is designed to represent the
performance of emerging stock markets throughout the world. As of
September 30, 1998, the index included over ___ equity securities of
companies domiciled in ___ countries.
Lipper Emerging Markets Funds Average reflects the performance
(excluding sales charges) of mutual funds with similar objectives.

SHAREHOLDER FEES (PAID BY THE INVESTOR)
MAXIMUM SALES CHARGE (LOAD) ON PURCHASES (AS A % OF OFFERING PRICE) 3.00%X

SALES CHARGE (LOAD) ON NONE
REINVESTED DISTRIBUTIONS

DEFERRED SALES CHARGE (LOAD) ON REDEMPTIONS NONE

REDEMPTION FEE (SHORT-TERM TRADING FEE) 1.50%
ON SHARES HELD LESS THAN 90 DAYS
(AS A % OF AMOUNT REDEEMED)

ANNUAL ACCOUNT MAINTENANCE FEE (FOR ACCOUNTS UNDER $2,500) $12.00

XLower sales charges may be available for accounts over $250,000.

FUND OPERATING EXPENSES (PAID BY THE FUND)
MANAGEMENT FEE %

DISTRIBUTION (12B-1) FEE NONE

OTHER EXPENSES %

TOTAL ANNUAL FUND OPERATING EXPENSES %

1 YEAR $

3 YEARS $

5 YEARS $

10 YEARS $

SALES CHARGE

RANGES AS A % OF OFFERING PRICE

$0 - 249,999 3.00%

$250,000 - 499,999 2.00%

$500,000 - 999,999 1.00%

$1,000,000 OR MORE NONE

Fund Management
FMR is the fund's manager.
As the manager, FMR is responsible for choosing the fund's investments
and handling its business affairs.
Affiliates assist FMR with foreign investments:
(small solid bullet) Fidelity Management & Research (U.K.) Inc. (FMR
U.K.) serves as a sub-adviser for the fund. Currently, FMR U.K.
provides investment research and advice on issuers based outside the
United States and may also provide investment advisory services for
the fund.
(small solid bullet) Fidelity Management & Research Far East Inc. (FMR
Far East) serves as a sub-adviser for the fund. Currently, FMR Far
East provides investment research and advice on issuers based outside
the United States and may also provide investment advisory services
for the fund.
(small solid bullet) Fidelity International Investment Advisors (FIIA)
serves as a sub-adviser for the fund. Currently, FIIA provides
investment research and advice on issuers based outside the United
States and may also provide investment advisory services for the fund.
(small solid bullet) Fidelity International Investment Advisors (U.K.)
Limited (FIIA (U.K.) L) serves as a sub-adviser for the fund.
Currently, FIIA (U.K.) L is primarily responsible for choosing
investments for the fund.
(small solid bullet) Fidelity Investment Japan Ltd. (FIJ) serves as a
sub-adviser for the fund. Currently, FIJ provides investment research
and advise on issuers based outside the United States and may also
provide investment advisory services for the fund.
David Stewart is manager of Emerging Markets, which he has managed
since November 1997. Since joining Fidelity in 1994, Mr. Stewart has
worked as an analyst, portfolio manager and director for Fidelity
International Limited. Previously, he was an analyst with James Capel,
in London and Japan, from 1986 to 1994.

Summary of Available Services
Fidelity provides a number of services to its shareholders. Among them
are:
(small solid bullet) 24 hour telephone assistance, 1-800-544-6666;
(small solid bullet) TDD - Service for the Deaf and Hearing-Impaired
(9:00 a.m. - 9:00 p.m. Eastern time), 1-800-544-0118;
(small solid bullet) Fidelity's Web site, www.fidelity.com;
(small solid bullet) TouchTone Xpress(registered trademark) (an
automated service for obtaining account information by phone),
1-800-544-5555;
(small solid bullet) Over 75 walk-in Investor Centers nationwide;
(small solid bullet) Exchange privileges among Fidelity funds; and
(small solid bullet) Regular investment and withdrawal plans.
Fidelity, Fidelity Investments & (Pyramid) Design, Fidelity
Investments and TouchTone Xpress are registered trademarks of FMR
Corp.

F U N D P R O F I L E

EDGAR Submission type: 497K1
Filed pursuant to Rule 497(k)(1)(i)

FIDELITY EUROPE FUND

EUR-profile-1098

[DATE]

[Item Code number]

(Fidelity Logo Graphic)(registered trademark)
82 Devonshire Street, Boston, MA 02109

Investment Summary
INVESTMENT OBJECTIVE. Europe Fund seeks growth of capital over the
long-term.
PRINCIPAL INVESTMENT STRATEGIES. Fidelity Management & Research
Company (FMR)'s principal investment strategies include:
(small solid bullet) Investing at least 65% of total assets in
securities of issuers that have their principal activities in Europe.
(small solid bullet) Investing primarily in common stocks.
(small solid bullet) Allocating investments across countries
considering the size of the market in each country relative to the
size of the markets in Europe as a whole.
(small solid bullet) Using fundamental analysis of each issuer's
financial condition and industry position and market and economic
conditions to select investments.
PRINCIPAL INVESTMENT RISKS. The fund is subject to the following
principal investment risks:
(small solid bullet) STOCK MARKET VOLATILITY. Stock markets are
volatile and can decline significantly in response to adverse issuer,
political, regulatory, market or economic developments. Different
parts of the market can react differently to these developments.
(small solid bullet) FOREIGN EXPOSURE. Foreign markets, particularly
emerging markets, can be more volatile than the U.S. market due to
increased risks of adverse issuer, political, regulatory, market or
economic developments and can perform differently than the U.S.
market. Emerging markets can be subject to greater social, economic,
regulatory and political uncertainties and can be extremely volatile.
(small solid bullet) GEOGRAPHIC CONCENTRATION IN EUROPE. Both
developed and emerging market countries in Europe will be
significantly affected by the tight fiscal and monetary controls
required to join the European Economic and Monetary Union.
(small solid bullet) ISSUER-SPECIFIC CHANGES. The value of an
individual security or particular type of security can be more
volatile than the market as a whole and can perform differently than
the value of the market as a whole.
An investment in the fund is not a deposit of a bank and is not
insured or guaranteed by the Federal Deposit Insurance Corporation or
any other government agency.

When you sell your shares of the fund, they could be worth more or
less than what you paid for them.

YEAR-BY-YEAR RETURNS
The returns in the chart do not include the effect of Europe Fund's
front-end sales charge. If the effect of the sales charge was
reflected, returns would be lower than those shown.

<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
EUROPE FUND

CALENDAR YEARS 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997

% % % % % % % % % %

</TABLE>

PERCENTAGE (%)
ROW: 1, COL: 1, VALUE: NIL
ROW: 2, COL: 1, VALUE: NIL
ROW: 3, COL: 1, VALUE: NIL
ROW: 4, COL: 1, VALUE: NIL
ROW: 5, COL: 1, VALUE: NIL
ROW: 6, COL: 1, VALUE: NIL
ROW: 7, COL: 1, VALUE: NIL
ROW: 8, COL: 1, VALUE: NIL
ROW: 9, COL: 1, VALUE: NIL
ROW: 10, COL: 1, VALUE: NIL
DURING THE PERIODS SHOWN IN THE CHART FOR EUROPE FUND, THE HIGHEST
RETURN FOR A QUARTER WAS __% (QUARTER ENDING _____, 19__) AND THE
LOWEST RETURN FOR A QUARTER WAS
__% (QUARTER ENDING _____, 19__).

AVERAGE ANNUAL RETURNS
The returns in the table include the effect of Europe Fund's front-end
sales charge.

<TABLE>
<CAPTION>
<S> <C> <C> <C>
FOR THE PERIODS ENDED [DATE OF MOST RECENT CALENDAR QUARTER END] PAST 1 PAST 5 PAST 10
YEAR YEARS YEARS

EUROPE FUND % % %

MSCI EUROPE INDEX % % %

LIPPER EUROPEAN REGION FUNDS AVERAGE % % %

</TABLE>

[If FMR had not reimbursed certain fund expenses during these periods,
the fund's total returns would have been lower.]
Morgan Stanley Capital International Europe Index is a market
capitalization-weighted index that is designed to represent the
performance of developed stock markets in Europe. As of September 30,
1998, the index included over ____ equity securities of companies
domiciled in ____ European countries.
Lipper European Region Funds Average reflects the performance
(excluding sales charges) of mutual funds with similar objectives.

SHAREHOLDER FEES (PAID BY THE INVESTOR)
MAXIMUM SALES CHARGE (LOAD) ON PURCHASES (AS A % OF OFFERING PRICE) 3.00%X

SALES CHARGE (LOAD) ON NONE
REINVESTED DISTRIBUTIONS

DEFERRED SALES CHARGE (LOAD) ON REDEMPTIONS NONE

REDEMPTION FEE (SHORT-TERM TRADING FEE) 1.00%
ON SHARES HELD LESS THAN 90 DAYS DAYS
(AS A % OF AMOUNT REDEEMED)

ANNUAL ACCOUNT MAINTENANCE FEE (FOR ACCOUNTS UNDER $2,500) $12.00

XLower sales charges may be available for accounts over $250,000.

FUND OPERATING EXPENSES (PAID BY THE FUND)
MANAGEMENT FEE %

DISTRIBUTION (12B-1) FEE NONE

OTHER EXPENSES %

TOTAL ANNUAL FUND OPERATING EXPENSES %

1 YEAR $

3 YEARS $

5 YEARS $

10 YEARS $

SALES CHARGE

RANGES AS A % OF OFFERING PRICE

$0 - 249,999 3.00%

$250,000 - 499,999 2.00%

$500,000 - 999,999 1.00%

$1,000,000 OR MORE NONE

Selling Shares
You may sell all or a portion of your shares on any business day by
phone, by mail, by wire, or over the internet through Fidelity's Web
site. You may also redeem shares by exchange to another Fidelity fund.
Both accounts must have the same registration, including name, address
and taxpayer ID. A signature guarantee may be required in certain
circumstances. Normally Fidelity will process redemptions by the next
business day, but Fidelity may take up to seven days to process
redemptions if making immediate payment would adversely affect the
fund.
In addition, when you sell your shares, you will pay a 1.00%
SHORT-TERM TRADING FEE if you have held your shares for less than 90
days.

Fund Management
FMR is the fund's manager.
As the manager, FMR is responsible for choosing the fund's investments
and handling its business affairs.
Affiliates assist FMR with foreign investments:
(small solid bullet) Fidelity Management & Research (U.K.) Inc. (FMR
U.K.) serves as a sub-adviser for the fund. Currently, FMR U.K.
provides investment research and advice on issuers based outside the
United States and may also provide investment advisory services for
the fund.
(small solid bullet) Fidelity Management & Research Far East Inc. (FMR
Far East) serves as a sub-adviser for the fund. Currently, FMR Far
East provides investment research and advice on issuers based outside
the United States and may also provide investment advisory services
for the fund.
(small solid bullet) Fidelity International Investment Advisors (FIIA)
serves as a sub-adviser for the fund. Currently, FIIA provides
investment research and advice on issuers based outside the United
States and may also provide investment advisory services for the fund.
(small solid bullet) Fidelity International Investment Advisors (U.K.)
Limited (FIIA (U.K.) L)serves as sub-adviser for the fund. Currently,
FIIA (U.K.) L is primarily responsible for choosing investments for
the fund.
Thierry Serero is manager of Europe Fund, which he has managed since
October 1998. Previously, he managed other portfolios for Fidelity
International Limited (FIL). Since joining Fidelity in 1991, he has
worked as a portfolio assistant, analyst and manager.

Summary of Available Services
Fidelity provides a number of services to its shareholders. Among them
are:
(small solid bullet) 24 hour telephone assistance, 1-800-544-6666;
(small solid bullet) TDD - Service for the Deaf and Hearing-Impaired
(9:00 a.m. - 9:00 p.m. Eastern time), 1-800-544-0118;
(small solid bullet) Fidelity's Web site, www.fidelity.com;
(small solid bullet) TouchTone Xpress(registered trademark) (an
automated service for obtaining account information by phone),
1-800-544-5555;
(small solid bullet) Over 75 walk-in Investor Centers nationwide;
(small solid bullet) Exchange privileges among Fidelity funds; and
(small solid bullet) Regular investment and withdrawal plans.
Fidelity, Fidelity Investments & (Pyramid) Design, Fidelity
Investments and TouchTone Xpress are registered trademarks of FMR
Corp.

F U N D P R O F I L E

EDGAR Submission type: 497K1
Filed pursuant to Rule 497(k)(1)(i)

FIDELITY EUROPE CAPITAL APPRECIATION FUND

ECA-profile-1098

[DATE]

[Item Code number]

(Fidelity Logo Graphic)(registered trademark)
82 Devonshire Street, Boston, MA 02109

Investment Summary
INVESTMENT OBJECTIVE. Europe Capital Appreciation Fund seeks long-term
capital appreciation.
PRINCIPAL INVESTMENT STRATEGIES. Fidelity Management & Research
Company (FMR)'s principal investment strategies include:
(small solid bullet) Investing at least 65% of total assets in
securities of issuers that have their principal activities in Europe.
(small solid bullet) Investing primarily in common stocks.
(small solid bullet) Allocating investments across countries
considering the size of the market in each country relative to the
size of the markets in Europe as a whole.
(small solid bullet) Using fundamental analysis of each issuer's
financial condition and industry position and market and economic
conditions to select investments.
PRINCIPAL INVESTMENT RISKS. The fund is subject to the following
principal investment risks:
(small solid bullet) STOCK MARKET VOLATILITY. Stock markets are
volatile and can decline significantly in response to adverse issuer,
political, regulatory, market or economic developments. Different
parts of the market can react differently to these developments.
(small solid bullet) FOREIGN EXPOSURE. Foreign markets, particularly
emerging markets, can be more volatile than the U.S. market due to
increased risks of adverse issuer, political, regulatory, market or
economic developments and can perform differently than the U.S.
market. Emerging markets can be subject to greater social, economic,
regulatory and political uncertainties and can be extremely volatile.
(small solid bullet) GEOGRAPHIC CONCENTRATION IN EUROPE. Both
developed and emerging market countries in Europe will be
significantly affected by the tight fiscal and monetary controls
required to join the European Economic and Monetary Union.
(small solid bullet) ISSUER-SPECIFIC CHANGES. The value of an
individual security or particular type of security can be more
volatile than the market as a whole and can perform differently than
the value of the market as a whole.
An investment in the fund is not a deposit of a bank and is not
insured or guaranteed by the Federal Deposit Insurance Corporation or
any other government agency.

When you sell your shares of the fund, they could be worth more or
less than what you paid for them.

YEAR-BY-YEAR RETURNS
The returns in the chart do not include the effect of Europe Capital
Appreciation Fund's front-end sales charge. If the effect of the sales
charge was reflected, returns would be lower than those shown.

<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
EUROPE CAPITAL APPRECIATION FUND

CALENDAR YEARS 1994 1995 1996 1997

% % % %

</TABLE>

PERCENTAGE (%)
ROW: 1, COL: 1, VALUE: NIL
ROW: 2, COL: 1, VALUE: NIL
ROW: 3, COL: 1, VALUE: NIL
ROW: 4, COL: 1, VALUE: NIL
ROW: 5, COL: 1, VALUE: NIL
ROW: 6, COL: 1, VALUE: NIL
ROW: 7, COL: 1, VALUE: NIL
ROW: 8, COL: 1, VALUE: NIL
ROW: 9, COL: 1, VALUE: NIL
ROW: 10, COL: 1, VALUE: NIL
DURING THE PERIODS SHOWN IN THE CHART FOR EUROPE CAPITAL APPRECIATION
FUND, THE HIGHEST RETURN FOR A QUARTER WAS __% (QUARTER ENDING _____,
19__) AND THE LOWEST RETURN
FOR A QUARTER WAS __% (QUARTER ENDING _____, 19__).

AVERAGE ANNUAL RETURNS
The returns in the table include the effect of Europe Capital
Appreciation Fund's front-end sales charge.

<TABLE>
<CAPTION>
<S> <C> <C> <C>
FOR THE PERIODS ENDED [DATE OF MOST RECENT CALENDAR QUARTER END] PAST 1 PAST 5 LIFE OF FUNDX
YEAR YEARS

EUROPE CAPITAL APPRECIATION FUND % % %

MSCI EUROPE INDEX % % %

LIPPER EUROPEAN REGION FUNDS AVERAGE % % %

</TABLE>

x From January 1, 1994.

SHAREHOLDER FEES (PAID BY THE INVESTOR)
MAXIMUM SALES CHARGE (LOAD) ON PURCHASES (AS A % OF OFFERING PRICE) 3.00%X

SALES CHARGE (LOAD) ON NONE
REINVESTED DISTRIBUTIONS

DEFERRED SALES CHARGE (LOAD) ON REDEMPTIONS NONE

REDEMPTION FEE (SHORT-TERM TRADING FEE) 1.00%
ON SHARES HELD LESS THAN 90 DAYS
(AS A % OF AMOUNT REDEEMED)

ANNUAL ACCOUNT MAINTENANCE FEE (FOR ACCOUNTS UNDER $2,500) $12.00

XLower sales charges may be available for accounts over $250,000.

FUND OPERATING EXPENSES (PAID BY THE FUND)
MANAGEMENT FEE %

DISTRIBUTION (12B-1) FEE NONE

OTHER EXPENSES %

TOTAL ANNUAL FUND OPERATING EXPENSES %

1 YEAR $

3 YEARS $

5 YEARS $

10 YEARS $

SALES CHARGE

RANGES AS A % OF OFFERING PRICE

$0 - 249,999 3.00%

$250,000 - 499,999 2.00%

$500,000 - 999,999 1.00%

$1,000,000 OR MORE NONE

Selling Shares
You may sell all or a portion of your shares on any business day by
phone, by mail, by wire, or over the internet through Fidelity's Web
site. You may also redeem shares by exchange to another Fidelity fund.
Both accounts must have the same registration, including name, address
and taxpayer ID. A signature guarantee may be required in certain
circumstances. Normally Fidelity will process redemptions by the next
business day, but Fidelity may take up to seven days to process
redemptions if making immediate payment would adversely affect the
fund.
In addition, when you sell your shares, you will pay a 1.00%
SHORT-TERM TRADING FEE if you have held your shares for less than 90
days.

Fund Management
FMR is the fund's manager.
As the manager, FMR is responsible for choosing the fund's investments
and handling its business affairs.
Affiliates assist FMR with foreign investments:
(small solid bullet) Fidelity Management & Research (U.K.) Inc. (FMR
U.K.) serves as a sub-adviser for the fund. Currently, FMR U.K.
provides investment research and advice on issuers based outside the
United States and may also provide investment advisory services for
the fund.
(small solid bullet) Fidelity Management & Research Far East Inc. (FMR
Far East) serves as a sub-adviser for the fund. Currently, FMR Far
East provides investment research and advice on issuers based outside
the United States and may also provide investment advisory services
for the fund.
(small solid bullet) Fidelity International Investment Advisors (FIIA)
serves as a sub-adviser for the fund. Currently, FIIA provides
investment research and advice on issuers based outside the United
States and may also provide investment advisory services for the fund.
(small solid bullet) Fidelity International Investment Advisors (U.K.)
Limited (FIIA (U.K.) L) serves as a sub-adviser for the fund.
Currently, FIIA (U.K.) L provides investment research and advice on
issuers based outside the United States and may also provide
investment advisory services for the fund.
Kevin McCarey is Vice President and manager of Europe Capital
Appreciation, which he has managed since December 1993. He also
manages another Fidelity fund. Since joining Fidelity in 1985, Mr.
McCarey has worked as an analyst and manager.

Summary of Available Services
Fidelity provides a number of services to its shareholders. Among them
are:
(small solid bullet) 24 hour telephone assistance, 1-800-544-6666;
(small solid bullet) TDD - Service for the Deaf and Hearing-Impaired
(9:00 a.m. - 9:00 p.m. Eastern time), 1-800-544-0118;
(small solid bullet) Fidelity's Web site, www.fidelity.com;
(small solid bullet) TouchTone Xpress(registered trademark) (an
automated service for obtaining account information by phone),
1-800-544-5555;
(small solid bullet) Over 75 walk-in Investor Centers nationwide;
(small solid bullet) Exchange privileges among Fidelity funds; and
(small solid bullet) Regular investment and withdrawal plans.
Fidelity, Fidelity Investments & (Pyramid) Design, Fidelity
Investments and TouchTone Xpress are registered trademarks of FMR
Corp.

F U N D P R O F I L E

EDGAR Submission type: 497K1
Filed pursuant to Rule 497(k)(1)(i)

FIDELITY FRANCE FUND

FRA-profile-1098

[DATE]

[Item Code number]

(Fidelity Logo Graphic)(registered trademark)
82 Devonshire Street, Boston, MA 02109

Investment Summary
INVESTMENT OBJECTIVE. France Fund seeks long-term growth of capital.

PRINCIPAL INVESTMENT STRATEGIES. Fidelity Management & Research
Company (FMR)'s principal investment strategies include:
(small solid bullet) Investing at least 65% of total assets in
securities of French issuers.
(small solid bullet) Investing primarily in common stocks.
(small solid bullet) Using fundamental analysis of each issuer's
financial condition and industry position and market and economic
conditions to select investments.
PRINCIPAL INVESTMENT RISKS. The fund is subject to the following
principal investment risks:
(small solid bullet) STOCK MARKET VOLATILITY. Stock markets are
volatile and can decline significantly in response to adverse issuer,
political, regulatory, market or economic developments. Different
parts of the market can react differently to these developments.
(small solid bullet) FOREIGN EXPOSURE. Foreign markets can be more
volatile than the U.S. market due to increased risks of adverse
issuer, political, regulatory, market or economic developments and can
perform differently than the U.S. market.
(small solid bullet) GEOGRAPHIC CONCENTRATION IN FRANCE. The French
economy is significantly affected by government policies and ownership
and the restrictions required to join the European Economic and
Monetary Union.
(small solid bullet) ISSUER-SPECIFIC CHANGES. The value of an
individual security or particular type of security can be more
volatile than the market as a whole and can perform differently than
the value of the market as a whole.
In addition, the fund is considered non-diversified and can invest a
greater portion of assets in securities of individual issuers than a
diversified fund. As a result, changes in the market value of a single
issuer could cause greater fluctuations in the fund's share price than
would occur in a more diversified fund.

An investment in the fund is not a deposit of a bank and is not
insured or guaranteed by the Federal Deposit Insurance Corporation or
any other government agency.

When you sell your shares of the fund, they could be worth more or
less than what you paid for them.

YEAR-BY-YEAR RETURNS
The returns in the chart do not include the effect of France Fund's
front-end sales charge. If the effect of the sales charge was
reflected, returns would be lower than those shown.

FRANCE FUND

CALENDAR YEARS 1996 1997

% %

PERCENTAGE (%)
ROW: 1, COL: 1, VALUE: NIL
ROW: 2, COL: 1, VALUE: NIL
ROW: 3, COL: 1, VALUE: NIL
ROW: 4, COL: 1, VALUE: NIL
ROW: 5, COL: 1, VALUE: NIL
ROW: 6, COL: 1, VALUE: NIL
ROW: 7, COL: 1, VALUE: NIL
ROW: 8, COL: 1, VALUE: NIL
ROW: 9, COL: 1, VALUE: NIL
ROW: 10, COL: 1, VALUE: NIL
DURING THE PERIODS SHOWN IN THE CHART FOR FRANCE FUND, THE HIGHEST
RETURN FOR A QUARTER WAS __% (QUARTER ENDING _____, 19__) AND THE
LOWEST RETURN FOR A QUARTER WAS
__% (QUARTER ENDING _____, 19__).

AVERAGE ANNUAL RETURNS
The returns in the table include the effect of France Fund's front-end
sales charge.

<TABLE>
<CAPTION>
<S> <C> <C>
FOR THE PERIODS ENDED [DATE OF MOST RECENT CALENDAR QUARTER END] PAST 1 LIFE OF FUNDX
YEAR

FRANCE FUND % %

SOCIETE DES BOURSES FRANCAISES (SBF) 250 % %

LIPPER EUROPEAN REGION FUNDS AVERAGE % %

</TABLE>

x From January 1, 1996.

[If FMR had not reimbursed certain fund expenses during these periods,
the fund's total returns would have been lower.]
Societe des Bourses Francaises (SBF) 250 is a market
capitalization-weighted index of the stocks of the 250 largest
companies in the French market.
Lipper European Region Funds Average reflects the performance
(excluding sales charges) of mutual funds with similar objectives.

Fee Table
The following table describes the fees and expenses that are incurred
when you buy, hold or sell shares of the fund. The annual fund
operating expenses provided are [based on historical expenses/higher
than the expenses actually paid by the fund as the result of [expense
reimbursements] [and] the payment or reduction of certain expenses]
during the period.

SHAREHOLDER FEES (PAID BY THE INVESTOR)
MAXIMUM SALES CHARGE (LOAD) ON PURCHASES (AS A % OF OFFERING PRICE) 3.00%X

SALES CHARGE (LOAD) ON NONE
REINVESTED DISTRIBUTIONS

DEFERRED SALES CHARGE (LOAD) ON REDEMPTIONS NONE

REDEMPTION FEE (SHORT-TERM TRADING FEE) 1.50%
ON SHARES HELD LESS THAN 90 DAYS
(AS A % OF AMOUNT REDEEMED)

ANNUAL ACCOUNT MAINTENANCE FEE (FOR ACCOUNTS UNDER $2,500) $12.00

XLower sales charges may be available for accounts over $250,000.

FUND OPERATING EXPENSES (PAID BY THE FUND)
MANAGEMENT FEE %

DISTRIBUTION (12B-1) FEE NONE

OTHER EXPENSES %

TOTAL ANNUAL FUND OPERATING EXPENSES A %

[A portion of the brokerage commissions that the fund pays is used to
reduce the fund's expenses. In addition, the fund has entered into
arrangements with its custodian and transfer agent whereby credits
realized as a result of uninvested cash balances are used to reduce
custodian and transfer agent expenses. Including these reductions, the
total fund operating expenses, after reimbursement, would have been
___%.]
This EXAMPLE helps you compare the cost of investing in the fund with
the cost of investing in other mutual funds.
Let's say, hypothetically, that the fund's annual return is 5% and
that your shareholder fees and the fund's annual operating expenses
are exactly as described in the fee table. This example illustrates
the effect of fees and expenses, but is not meant to suggest actual or
expected fees and expenses or returns, all of which may vary. For
every $10,000 you invested, here's how much you would pay in total
expenses if you close your account after the number of years
indicated:

1 YEAR $

3 YEARS $

5 YEARS $

10 YEARS $

SALES CHARGE

RANGES AS A % OF OFFERING PRICE

$0 - 249,999 3.00%

$250,000 - 499,999 2.00%

$500,000 - 999,999 1.00%

$1,000,000 OR MORE NONE

Fund Management
FMR is the fund's manager.
As the manager, FMR is responsible for choosing the fund's investments
and handling its business affairs.
Affiliates assist FMR with foreign investments:
(small solid bullet) Fidelity Management & Research (U.K.) Inc. (FMR
U.K.) serves as a sub-adviser for the fund. Currently, FMR U.K.
provides investment research and advice on issuers based outside the
United States and may also provide investment advisory services for
the fund.
(small solid bullet) Fidelity Management & Research Far East Inc. (FMR
Far East) serves as a sub-adviser for the fund. Currently, FMR Far
East provides investment research and advice on issuers based outside
the United States and may also provide investment advisory services
for the fund.
(small solid bullet) Fidelity International Investment Advisors (FIIA)
serves as a sub-adviser for the fund. Currently, FIIA provides
investment research and advice on issuers based outside the United
States and may also provide investment advisory services for the fund.
(small solid bullet) Fidelity International Investment Advisors (U.K.)
Limited (FIIA (U.K.) L) serves as a sub-adviser for the fund.
Currently, FIIA (U.K.) L is primarily responsible for choosing
investments for the fund.
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.

Summary of Available Services
Fidelity provides a number of services to its shareholders. Among them
are:
(small solid bullet) 24 hour telephone assistance, 1-800-544-6666;
(small solid bullet) TDD - Service for the Deaf and Hearing-Impaired
(9:00 a.m. - 9:00 p.m. Eastern time), 1-800-544-0118;
(small solid bullet) Fidelity's Web site, www.fidelity.com;
(small solid bullet) TouchTone Xpress(registered trademark) (an
automated service for obtaining account information by phone),
1-800-544-5555;
(small solid bullet) Over 75 walk-in Investor Centers nationwide;
(small solid bullet) Exchange privileges among Fidelity funds; and
(small solid bullet) Regular investment and withdrawal plans.
Fidelity, Fidelity Investments & (Pyramid) Design, Fidelity
Investments and TouchTone Xpress are registered trademarks of FMR
Corp.

F U N D P R O F I L E

EDGAR Submission type: 497K1
Filed pursuant to Rule 497(k)(1)(i)

FIDELITY GERMANY FUND

GER-profile-1098

[DATE]

[Item Code number]

(Fidelity Logo Graphic)(registered trademark)
82 Devonshire Street, Boston, MA 02109

Investment Summary
INVESTMENT OBJECTIVE. Germany Fund seeks long-term growth of capital.
PRINCIPAL INVESTMENT STRATEGIES. Fidelity Management & Research
Company (FMR)'s principal investment strategies include:
(small solid bullet) Investing at least 65% of total assets in
securities of German issuers.
(small solid bullet) Investing primarily in common stocks.
(small solid bullet) Using fundamental analysis of each issuer's
financial condition and industry position and market and economic
conditions to select investments.
PRINCIPAL INVESTMENT RISKS. The fund is subject to the following
principal investment risks:
(small solid bullet) STOCK MARKET VOLATILITY. Stock markets are
volatile and can decline significantly in response to adverse issuer,
political, regulatory, market or economic developments. Different
parts of the market can react differently to these developments.
(small solid bullet) FOREIGN EXPOSURE. Foreign markets can be more
volatile than the U.S. market due to increased risks of adverse
issuer, political, regulatory, market or economic developments and can
perform differently than the U.S. market.
(small solid bullet) GEOGRAPHIC CONCENTRATION IN GERMANY. The German
economy is significantly affected by the reunification of eastern and
western Germany and the restrictions required to join the European
Economic and Monetary Union.
(small solid bullet) ISSUER-SPECIFIC CHANGES. The value of an
individual security or particular type of security can be more
volatile than the market as a whole and can perform differently than
the value of the market as a whole.
In addition, the fund is considered non-diversified and can invest a
greater portion of assets in securities of individual issuers than a
diversified fund. As a result, changes in the market value of a single
issuer could cause greater fluctuations in the fund's share price than
would occur in a more diversified fund.
An investment in the fund is not a deposit of a bank and is not
insured or guaranteed by the Federal Deposit Insurance Corporation or
any other government agency.
When you sell your shares of the fund, they could be worth more or
less than what you paid for them.
Additional information about the fund's investments is available in
the fund's annual and semi-annual reports to shareholders. In the
fund's annual and semi-annual reports, you will find a discussion of
the market conditions and investment strategies that significantly
affected the fund's performance during the period covered by the
report. You may obtain a free copy of the fund's annual or
semi-annual report by calling 1-800-544-8888.

YEAR-BY-YEAR RETURNS
The returns in the chart do not include the effect of Germany Fund's
front-end sales charge. If the effect of the sales charge was
reflected, returns would be lower than those shown.

GERMANY FUND

CALENDAR YEARS 1996 1997

% %

PERCENTAGE (%)
ROW: 1, COL: 1, VALUE: NIL
ROW: 2, COL: 1, VALUE: NIL
ROW: 3, COL: 1, VALUE: NIL
ROW: 4, COL: 1, VALUE: NIL
ROW: 5, COL: 1, VALUE: NIL
ROW: 6, COL: 1, VALUE: NIL
ROW: 7, COL: 1, VALUE: NIL
ROW: 8, COL: 1, VALUE: NIL
ROW: 9, COL: 1, VALUE: NIL
ROW: 10, COL: 1, VALUE: NIL
DURING THE PERIODS SHOWN IN THE CHART FOR GERMANY FUND, THE HIGHEST
RETURN FOR A QUARTER WAS __% (QUARTER ENDING _____, 19__) AND THE
LOWEST RETURN FOR A QUARTER WAS
__% (QUARTER ENDING _____, 19__).

AVERAGE ANNUAL RETURNS
The returns in the table include the effect of Germany Fund's
front-end sales charge.

<TABLE>
<CAPTION>
<S> <C> <C>
FOR THE PERIODS ENDED [DATE OF MOST RECENT CALENDAR QUARTER END] PAST 1 LIFE OF FUNDX
YEAR

GERMANY FUND % %

DAX 100 INDEX % %

LIPPER EUROPEAN REGION FUNDS AVERAGE % %

</TABLE>

x From January 1, 1996.

[If FMR had not reimbursed certain fund expenses during these periods,
the fund's total returns would have been lower.]
Deutscher Akteinindex (DAX) 100 is a market capitalization-weighted
index of the 100 most heavily traded stocks in the German market.
Lipper European Funds Average reflects the performance (excluding
sales charges) of mutual funds with similar objectives.

Fee Table
The following table describes the fees and expenses that are incurred
when you buy, hold or sell shares of the fund. The annual fund
operating expenses provided are [based on historical expenses/higher
than the expenses actually paid by the fund as the result of [expense
reimbursements] [and] the payment or reduction of certain expenses]
during the period.

SHAREHOLDER FEES (PAID BY THE INVESTOR)

<TABLE>
<CAPTION>
<S> <C> <C>
MAXIMUM SALES CHARGE (LOAD) ON PURCHASES (AS A % OF OFFERING PRICE) 3.00%X

SALES CHARGE (LOAD) ON NONE
REINVESTED DISTRIBUTIONS

DEFERRED SALES CHARGE (LOAD) ON REDEMPTIONS NONE

REDEMPTION FEE (SHORT-TERM TRADING FEE) 1.50%
ON SHARES HELD LESS THAN 90 DAYS
(AS A % OF AMOUNT REDEEMED)

ANNUAL ACCOUNT MAINTENANCE FEE (FOR ACCOUNTS UNDER $2,500) $12.00

</TABLE>

XLower sales charges may be available for accounts over $250,000.

FUND OPERATING EXPENSES (PAID BY THE FUND)
MANAGEMENT FEE %

DISTRIBUTION (12B-1) FEE NONE

OTHER EXPENSES %

TOTAL ANNUAL FUND OPERATING EXPENSES A %

[A portion of the brokerage commissions that the fund pays is used to
reduce the fund's expenses. In addition, the fund has entered into
arrangements with its custodian and transfer agent whereby credits
realized as a result of uninvested cash balances are used to reduce
custodian and transfer agent expenses. Including these reductions, the
total fund operating expenses, after reimbursement, would have been
__% .]
This EXAMPLE helps you compare the cost of investing in the fund with
the cost of investing in other mutual funds.
Let's say, hypothetically, that the fund's annual return is 5% and
that your shareholder fees and the fund's annual operating expenses
are exactly as described in the fee table. This example illustrates
the effect of fees and expenses, but is not meant to suggest actual or
expected fees and expenses or returns, all of which may vary. For
every $10,000 you invested, here's how much you would pay in total
expenses if you close your account after the number of years
indicated:

1 YEAR $

3 YEARS $

5 YEARS $

10 YEARS $

SALES CHARGE

RANGES AS A % OF OFFERING PRICE

$0 - 249,999 3.00%

$250,000 - 499,999 2.00%

$500,000 - 999,999 1.00%

$1,000,000 OR MORE NONE

(small solid bullet) Fidelity International Investment Advisors (U.K.)
Limited (FIIA (U.K.) L) serves as a sub-adviser for the fund.
Currently, FIIA (U.K.) L is primarily responsible for choosing
investments for the fund.
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.

Summary of Available Services
Fidelity provides a number of services to its shareholders. Among them
are:
(small solid bullet) 24 hour telephone assistance, 1-800-544-6666;
(small solid bullet) TDD - Service for the Deaf and Hearing-Impaired
(9:00 a.m. - 9:00 p.m. Eastern time), 1-800-544-0118;
(small solid bullet) Fidelity's Web site, www.fidelity.com;
(small solid bullet) TouchTone Xpress(registered trademark) (an
automated service for obtaining account information by phone),
1-800-544-5555;
(small solid bullet) Over 75 walk-in Investor Centers nationwide;
(small solid bullet) Exchange privileges among Fidelity funds; and
(small solid bullet) Regular investment and withdrawal plans.
Fidelity, Fidelity Investments & (Pyramid) Design, Fidelity
Investments and TouchTone Xpress are registered trademarks of FMR
Corp.

F U N D P R O F I L E

EDGAR Submission type: 497K1
Filed pursuant to Rule 497(k)(1)(i)

FIDELITY HONG KONG AND CHINA FUND

HKC-profile-1098

[DATE]

[Item Code number]

(Fidelity Logo Graphic)(registered trademark)
82 Devonshire Street, Boston, MA 02109

Investment Summary
INVESTMENT OBJECTIVE. Hong Kong and China Fund seeks long-term growth
of capital.
PRINCIPAL INVESTMENT STRATEGIES. Fidelity Management & Research
Company (FMR)'s principal investment strategies include:
(small solid bullet) Investing at least 65% of total assets in
securities of Hong Kong and Chinese issuers.
(small solid bullet) Investing mostly in securities of Hong Kong
issuers.
(small solid bullet) Investing primarily in common stocks.
(small solid bullet) Using fundamental analysis of each issuer's
financial condition and industry position and market and economic
conditions to select investments.
PRINCIPAL INVESTMENT RISKS. The fund is subject to the following
principal investment risks:
(small solid bullet) STOCK MARKET VOLATILITY. Stock markets are
volatile and can decline significantly in response to adverse issuer,
political, regulatory, market or economic developments. Different
parts of the market can react differently to these developments.
(small solid bullet) FOREIGN EXPOSURE. Foreign markets, particularly
emerging markets, can be more volatile than the U.S. market due to
increased risks of adverse issuer, political, regulatory, market or
economic developments and can perform differently than the U.S.
market. Emerging markets can be subject to greater social, economic,
regulatory, and political uncertainties and can be extremely volatile.
(small solid bullet) GEOGRAPHIC CONCENTRATION IN HONG KONG AND CHINA.
The Hong Kong and Chinese economies are generally considered emerging
markets and are significantly affected by general economic and
political conditions in other Asian countries and changes in Chinese
government policy.
(small solid bullet) ISSUER-SPECIFIC CHANGES. The value of an
individual security or particular type of security can be more
volatile than the market as a whole and can perform differently than
the value of the market as a whole.
In addition, the fund is considered non-diversified and can invest a
greater portion of assets in securities of individual issuers than a
diversified fund. As a result, changes in the market value of a single
issuer could cause greater fluctuations in the fund's share price than
would occur in a more diversified fund.
An investment in the fund is not a deposit of a bank and is not
insured or guaranteed by the Federal Deposit Insurance Corporation or
any other government agency.
When you sell your shares of the fund, they could be worth more or
less than what you paid for them.
Additional information about the fund's investments is available in
the fund's annual and semi-annual reports to shareholders. In the
fund's annual and semi-annual reports, you will find a discussion of
the market conditions and investment strategies that significantly
affected the fund's performance during the period covered by the
report. You may obtain a free copy of the fund's annual or
semi-annual report by calling 1-800-544-8888.

YEAR-BY-YEAR RETURNS
The returns in the chart do not include the effect of Hong Kong and
China Fund's front-end sales charge. If the effect of the sales charge
was reflected, returns would be lower than those shown.

HONG KONG AND CHINA FUND

CALENDAR YEARS 1996 1997

% %

PERCENTAGE (%)
ROW: 1, COL: 1, VALUE: NIL
ROW: 2, COL: 1, VALUE: NIL
ROW: 3, COL: 1, VALUE: NIL
ROW: 4, COL: 1, VALUE: NIL
ROW: 5, COL: 1, VALUE: NIL
ROW: 6, COL: 1, VALUE: NIL
ROW: 7, COL: 1, VALUE: NIL
ROW: 8, COL: 1, VALUE: NIL
ROW: 9, COL: 1, VALUE: NIL
ROW: 10, COL: 1, VALUE: NIL
DURING THE PERIODS SHOWN IN THE CHART FOR HONG KONG AND CHINA FUND,
THE HIGHEST RETURN FOR A QUARTER WAS __% (QUARTER ENDING _____, 19__)
AND THE LOWEST RETURN FOR A
QUARTER WAS __% (QUARTER ENDING _____, 19__).

AVERAGE ANNUAL RETURNS
The returns in the table include the effect of Hong Kong and China
Fund's front-end sales charge.

<TABLE>
<CAPTION>
<S> <C> <C>
FOR THE PERIODS ENDED [DATE OF MOST RECENT CALENDAR QUARTER END] PAST 1 LIFE OF FUNDX
YEAR

HONG KONG AND CHINA FUND % %

HANG SENG INDEX % %

LIPPER PACIFIC EX-JAPAN FUNDS AVERAGE % %

</TABLE>

x From January 1, 1996.

[If FMR had not reimbursed certain fund expenses during these periods,
the fund's total returns would have been lower.]
Hang Seng Index is a market capitalization-weighted index of the
stocks of the 33 largest companies in the Hong Kong market.
Lipper Pacific ex-Japan Funds Average reflects the performance
(excluding sales charges) of mutual funds with similar objectives.

SHAREHOLDER FEES (PAID BY THE INVESTOR)
MAXIMUM SALES CHARGE (LOAD) ON PURCHASES (AS A % OF OFFERING PRICE) 3.00%X

SALES CHARGE (LOAD) ON NONE
REINVESTED DISTRIBUTIONS

DEFERRED SALES CHARGE (LOAD) ON REDEMPTIONS NONE

REDEMPTION FEE (SHORT-TERM TRADING FEE) 1.50%
ON SHARES HELD LESS THAN 90 DAYS
(AS A % OF AMOUNT REDEEMED)

ANNUAL ACCOUNT MAINTENANCE FEE (FOR ACCOUNTS UNDER $2,500) $12.00

XLower sales charges may be available for accounts over $250,000.

FUND OPERATING EXPENSES (PAID BY THE FUND)
MANAGEMENT FEE %

DISTRIBUTION (12B-1) FEE NONE

OTHER EXPENSES %

TOTAL ANNUAL FUND OPERATING EXPENSES %

1 YEAR $

3 YEARS $

5 YEARS $

10 YEARS $

SALES CHARGE

RANGES AS A % OF OFFERING PRICE

$0 - 249,999 3.00%

$250,000 - 499,999 2.00%

$500,000 - 999,999 1.00%

$1,000,000 OR MORE NONE

Fund Management
FMR is the fund's manager.
As the manager, FMR is responsible for choosing the fund's investments
and handling its business affairs.
Affiliates assist FMR with foreign investments:
(small solid bullet) Fidelity Management & Research (U.K.) Inc. (FMR
U.K.) serves as a sub-adviser for the fund. Currently, FMR U.K.
provides investment research and advice on issuers based outside the
United States and may also provide investment advisory services for
the fund.
(small solid bullet) Fidelity Management & Research Far East Inc. (FMR
Far East) serves as a sub-adviser for the fund. Currently, FMR Far
East provides investment research and advice on issuers based outside
the United States and may also provide investment advisory services
for the fund.
(small solid bullet) Fidelity International Investment Advisors (FIIA)
serves as a sub-adviser for the fund. Currently, FIIA is primarily
responsible for choosing investments for the fund.
(small solid bullet) Fidelity International Investment Advisors (U.K.)
Limited (FIIA (U.K.) L) serves as a sub-adviser for the fund.
Currently, FIIA (U.K.) L provides investment research and advice on
issuers based outside the United States and may also provide
investment advisory services for the fund.
(small solid bullet) Fidelity Investment Japan Ltd. (FIJ) serves as a
sub-adviser for the fund. Currently, FIJ provides investment research
and advice on issuers based outside the United States and may also
provide investment advisory services for the fund.
Joseph Tse is manager of Hong Kong and China Fund, which he has
managed since November 1995. He also manages various funds for
Fidelity International Investment Services, Limited. Since joining
Fidelity in 1990, Mr. Tse has worked as an analyst and manager.

Summary of Available Services
Fidelity provides a number of services to its shareholders. Among them
are:
(small solid bullet) 24 hour telephone assistance, 1-800-544-6666;
(small solid bullet) TDD - Service for the Deaf and Hearing-Impaired
(9:00 a.m. - 9:00 p.m. Eastern time), 1-800-544-0118;
(small solid bullet) Fidelity's Web site, www.fidelity.com;
(small solid bullet) TouchTone Xpress(registered trademark) (an
automated service for obtaining account information by phone),
1-800-544-5555;
(small solid bullet) Over 75 walk-in Investor Centers nationwide;
(small solid bullet) Exchange privileges among Fidelity funds; and
(small solid bullet) Regular investment and withdrawal plans.
Fidelity, Fidelity Investments & (Pyramid) Design, Fidelity
Investments and TouchTone Xpress are registered trademarks of FMR
Corp.

F U N D P R O F I L E

EDGAR Submission type: 497K1
Filed pursuant to Rule 497(k)(1)(i)

FIDELITY INTERNATIONAL GROWTH & INCOME FUND

IGI-profile-1098

[DATE]

[Insert item Code number]

(Fidelity Logo Graphic)(registered trademark)
82 Devonshire Street, Boston, MA 02109

INVESTMENT SUMMARY
INVESTMENT OBJECTIVE. International Growth & Income seeks capital
growth and current income, consistent with reasonable investment risk.
PRINCIPAL INVESTMENT STRATEGIES. Fidelity Management & Research
Company (FMR)'s principal investment strategies include:
(small solid bullet) Investing at least 65% of total assets in foreign
securities.
(small solid bullet) Focusing on common stocks that pay current
dividends and show potential for capital appreciation.
(small solid bullet) Potentially investing in debt securities,
including lower-quality debt securities.
(small solid bullet) Allocating investments across countries and
regions considering the size of the market in each country and region
relative to the size of the international market as a whole.
(small solid bullet) Using fundamental analysis of each issuer's
financial condition and industry position and market and economic
conditions to select investments.
PRINCIPAL INVESTMENT RISKS. The fund is subject to the following
principal investment risks:
(small solid bullet) STOCK MARKET VOLATILITY. Stock markets are
volatile and can decline significantly in response to adverse issuer,
political, regulatory, market or economic developments. Different
parts of the market can react differently to these developments.
(small solid bullet) FOREIGN EXPOSURE. Foreign markets, particularly
emerging markets, can be more volatile than the U.S. market due to
increased risks of adverse issuer, political, regulatory, market or
economic developments and can perform differently than the U.S.
market.
(small solid bullet) INTEREST RATE CHANGES. Interest rate increases
can cause the price of a debt security to decrease.
(small solid bullet) ISSUER-SPECIFIC CHANGES. The value of an
individual security or particular type of security can be more
volatile than the market as a whole and can perform differently than
the value of the market as a whole. Lower-quality debt securities
(those of less than investment-grade quality) can be more volatile due
to increased sensitivity to adverse issuer, political, regulatory,
market or economic developments.
An investment in the fund is not a deposit of a bank and is not
insured or guaranteed by the Federal Deposit Insurance Corporation or
any other government agency.
When you sell your shares of the fund, they could be worth more or
less than what you paid for them.
Additional information about the fund's investments is available in
the fund's annual and semi-annual reports to shareholders. In the
fund's annual and semi-annual reports, you will find a discussion of
the market conditions and investment strategies that significantly
affected the fund's performance during the period covered by the
report. You may obtain a free copy of the fund's annual or semi-annual
report by calling 1-800-544-8888.

YEAR-BY-YEAR RETURNS

<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
INTERNATIONAL GROWTH & INCOME

CALENDAR YEARS 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997

% % % % % % % % % %

</TABLE>

PERCENTAGE (%)
ROW: 1, COL: 1, VALUE: 0.0
ROW: 2, COL: 1, VALUE: 0.0
ROW: 3, COL: 1, VALUE: 0.0
ROW: 4, COL: 1, VALUE: 0.0
ROW: 5, COL: 1, VALUE: 0.0
ROW: 6, COL: 1, VALUE: 0.0
ROW: 7, COL: 1, VALUE: 0.0
ROW: 8, COL: 1, VALUE: 0.0
ROW: 9, COL: 1, VALUE: 0.0
ROW: 10, COL: 1, VALUE: 0.0
DURING THE PERIODS SHOWN IN THE CHART FOR INTERNATIONAL GROWTH &
INCOME, THE HIGHEST RETURN FOR A QUARTER WAS __% (QUARTER ENDING
[CALENDAR QUARTER], [YEAR]) AND THE
LOWEST RETURN FOR A QUARTER WAS __% (QUARTER ENDING [CALENDAR
QUARTER], [YEAR]).

AVERAGE ANNUAL RETURNS

<TABLE>
<CAPTION>
<S> <C> <C> <C>
FOR THE PERIODS ENDED [DATE OF MOST RECENT CALENDAR QUARTER END] PAST 1 PAST 5 PAST 10
YEAR YEARS YEARS

INTERNATIONAL GROWTH & INCOME % %[A] %[A,B,C]

MORGAN STANLEY CAPITAL INTERNATIONAL EAFE INDEX % % %

LIPPER INTERNATIONAL FUNDS AVERAGE % % %

</TABLE>

[A PREVIOUSLY, THE FUND IMPOSED A SALES CHARGE. IF THIS SALES CHARGE
WERE TAKEN INTO ACCOUNT, TOTAL RETURNS WOULD HAVE BEEN LOWER.]
[B TOTAL RETURNS DO NOT INCLUDE THE DEFERRED SALES CHARGE OF 1% UPON
REDEMPTION ON SHARES PURCHASED PRIOR TO OCTOBER 12, 1990.]
[C IF FMR HAD NOT REIMBURSED CERTAIN FUND EXPENSES DURING THESE
PERIODS, TOTAL RETURNS WOULD HAVE BEEN LOWER.]

Fee Table
The following table describes the fees and expenses that are incurred
when you buy, hold or sell shares of the fund. The annual fund
operating expenses provided below are [based on historical
expenses/higher than the expenses actually paid by the fund as the
result of [the payment or reduction of certain expenses]] during the
period.

SHAREHOLDER FEES (PAID BY THE INVESTOR)
SALES CHARGE (LOAD) ON PURCHASES NONE
AND REINVESTED DISTRIBUTIONS

DEFERRED SALES CHARGE (LOAD) ON REDEMPTIONS NONE

ANNUAL ACCOUNT MAINTENANCE FEE (FOR ACCOUNTS UNDER $2,500) $12.00

FUND OPERATING EXPENSES (PAID BY THE FUND)
MANAGEMENT FEE %

DISTRIBUTION (12B-1) FEE NONE

OTHER EXPENSES %

TOTAL ANNUAL FUND OPERATING EXPENSES %

1 YEAR $

3 YEARS $

5 YEARS $

10 YEARS $

Fund Management
Fidelity Management & Research Company (FMR) is the fund's manager.
As the manager, FMR is responsible for choosing the fund's investments
and handling its business affairs.
Affiliates assist FMR with foreign investments:
(small solid bullet) Fidelity Management & Research (U.K.) Inc. (FMR
U.K.) serves as a sub-adviser for the fund. [Currently, FMR U.K. is
primarily responsible for choosing investments for the fund../
Currently, FMR U.K. provides investment research and advice on issuers
based outside the United States and may also provide investment
advisory services for the fund.]
(small solid bullet) Fidelity Management & Research Far East Inc. (FMR
Far East) serves as a sub-adviser for the fund. [Currently, FMR Far
East is primarily responsible for choosing investments for the fund../
Currently, FMR Far East provides investment research and advice on
issuers based outside the United States and may also provide
investment advisory services for the fund.]
(small solid bullet) Fidelity International Investment Advisors (FIIA)
serves as a sub-adviser for the fund. [Currently, FIIA is primarily
responsible for choosing investments for the fund../Currently, FIIA
provides investment research and advice on issuers based outside the
United States and may also provide investment advisory services for
the fund.]
(small solid bullet) Fidelity International Investment Advisors (U.K.)
Limited (FIIA (U.K.) L) serves as a sub-adviser for the fund.
[Currently, FIIA (U.K.) L is primarily responsible for choosing
investments for the fund../ Currently, FIIA (U.K.) L provides
investment research and advice on issuers based outside the United
States and may also provide investment advisory services for the
fund.]
(small solid bullet) Fidelity Investment Japan Ltd. (FIJ) serves as a
sub-adviser for the fund. [Currently, FIJ is primarily responsible for
choosing investments for the fund./Currently, FIJ provides investment
research and advice on issuers based outside the United States and may
also provide investment advisory services for the fund.]
William Bower manages International Growth & Income, which he has
managed since May 1998. Previously, he managed another Fidelity fund.
Mr. Bower joined Fidelity as an analyst in 1994, after receiving his
MBA from the University of Michigan.

Summary of Available Services
Fidelity provides a number of services to its shareholders. Among them
are:
(small solid bullet) 24 hour telephone assistance, 1-800-544-6666;
(small solid bullet) TDD - Service for the Deaf and Hearing-Impaired
(9:00 a.m. - 9:00 p.m. Eastern time), 1-800-544-0118;
(small solid bullet) Fidelity's Web site, www.fidelity.com;
(small solid bullet) TouchTone Xpress (an automated service for
obtaining account information by phone), 1-800-544-5555;
(small solid bullet) Over 75 walk-in Investor Centers nationwide;
(small solid bullet) Exchange privileges among Fidelity funds; and
(small solid bullet) Regular investment and withdrawal plans.
Fidelity, Fidelity Investments & (Pyramid) Design, and TouchTone
Xpress are registered trademarks of FMR Corp.
The third party marks appearing above are the marks of their
respective owners.

F U N D P R O F I L E

EDGAR Submission type: 497K1
Filed pursuant to Rule 497(k)(1)(i)

FIDELITY INTERNATIONAL VALUE FUND

IVF-profile-1098

[DATE]

[Insert item Code number]

(Fidelity Logo Graphic)(registered trademark)
82 Devonshire Street, Boston, MA 02109

INVESTMENT SUMMARY
INVESTMENT OBJECTIVE. International Value seeks long-term growth of
capital.
PRINCIPAL INVESTMENT STRATEGIES. Fidelity Management & Research
Company (FMR)'s principal investment strategies include:
(small solid bullet) Investing at least 65% of total assets in foreign
securities.
(small solid bullet) Investing primarily in common stocks issued by
companies that FMR believes are undervalued in the market place or
possess valuable assets.
(small solid bullet) Allocating investments across countries and
regions considering the size of the market in each country and region
relative to the size of the international market as a whole.
(small solid bullet) Using fundamental analysis of each issuer's
financial condition and industry position and market and economic
conditions to select investments.
PRINCIPAL INVESTMENT RISKS. The fund is subject to the following
principal investment risks:
(small solid bullet) STOCK MARKET VOLATILITY. Stock markets are
volatile and can decline significantly in response to adverse issuer,
political, regulatory, market or economic developments. Different
parts of the market can react differently to these developments.
(small solid bullet) FOREIGN EXPOSURE. Foreign markets, particularly
emerging markets, can be more volatile than the U.S. market due to
increased risks of adverse issuer, political, regulatory, market or
economic developments and can perform differently than the U.S.
market.
(small solid bullet) ISSUER-SPECIFIC CHANGES. The value of an
individual security or particular type of security can be more
volatile than the market as a whole and can perform differently than
the value of the market as a whole.
(small solid bullet) "VALUE" INVESTING. "Value" stocks can perform
differently than the market as a whole and other types of stocks and
can continue to be undervalued by the market for long periods of time.
An investment in the fund is not a deposit of a bank and is not
insured or guaranteed by the Federal Deposit Insurance Corporation or
any other government agency.
When you sell your shares of the fund, they could be worth more or
less than what you paid for them.
Additional information about the fund's investments is available in
the fund's annual and semi-annual reports to shareholders. In the
fund's annual and semi-annual reports, you will find a discussion of
the market conditions and investment strategies that significantly
affected the fund's performance during the period covered by the
report. You may obtain a free copy of the fund's annual or
semi-annual report by calling 1-800-544-8888.

YEAR-BY-YEAR RETURNS

<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
INTERNATIONAL VALUE

CALENDAR YEARS 1995 1996 1997

% % %

</TABLE>

PERCENTAGE (%)
ROW: 1, COL: 1, VALUE: 0.0
ROW: 2, COL: 1, VALUE: 0.0
ROW: 3, COL: 1, VALUE: 0.0
ROW: 4, COL: 1, VALUE: 0.0
ROW: 5, COL: 1, VALUE: 0.0
ROW: 6, COL: 1, VALUE: 0.0
ROW: 7, COL: 1, VALUE: 0.0
ROW: 8, COL: 1, VALUE: 0.0
ROW: 9, COL: 1, VALUE: 0.0
ROW: 10, COL: 1, VALUE: 0.0
DURING THE PERIODS SHOWN IN THE CHART FOR INTERNATIONAL VALUE, THE
HIGHEST RETURN FOR A QUARTER WAS __% (QUARTER ENDING [CALENDAR
QUARTER], [YEAR]) AND THE LOWEST RETURN FOR
A QUARTER WAS __% (QUARTER ENDING [CALENDAR QUARTER], [YEAR]).

AVERAGE ANNUAL RETURNS

<TABLE>
<CAPTION>
<S> <C> <C> <C>
FOR THE PERIODS ENDED [DATE OF MOST RECENT CALENDAR QUARTER END] PAST 1 LIFE OF FUNDA
YEAR

INTERNATIONAL VALUE % %

MORGAN STANLEY CAPITAL INTERNATIONAL EAFE INDEX % %

LIPPER INTERNATIONAL FUNDS AVERAGE % N/A

</TABLE>

A FROM JANUARY 1, 1995.

Fee Table
The following table describes the fees and expenses that are incurred
when you buy, hold or sell shares of the fund. The annual fund
operating expenses provided below are [based on historical
expenses/higher than the expenses actually paid by the fund as the
result of [the payment or reduction of certain expenses]] during the
period.

SHAREHOLDER FEES (PAID BY THE INVESTOR)
SALES CHARGE (LOAD) ON PURCHASES NONE
AND REINVESTED DISTRIBUTIONS

DEFERRED SALES CHARGE (LOAD) ON REDEMPTIONS NONE

ANNUAL ACCOUNT MAINTENANCE FEE (FOR ACCOUNTS UNDER $2,500) $12.00

FUND OPERATING EXPENSES (PAID BY THE FUND)
MANAGEMENT FEE %

DISTRIBUTION (12B-1) FEE NONE

OTHER EXPENSES %

TOTAL ANNUAL FUND OPERATING EXPENSES %

1 YEAR $

3 YEARS $

5 YEARS $

10 YEARS $

Fund Management
Fidelity Management & Research Company (FMR) is the fund's manager.
As the manager, FMR is responsible for choosing the fund's investments
and handling its business affairs.
Affiliates assist FMR with foreign investments:
(small solid bullet) Fidelity Management & Research (U.K.) Inc. (FMR
U.K.) serves as a sub-adviser for the fund. [Currently, FMR U.K. is
primarily responsible for choosing investments for the fund../
Currently, FMR U.K. provides investment research and advice on issuers
based outside the United States and may also provide investment
advisory services for the fund.]
(small solid bullet) Fidelity Management & Research Far East Inc. (FMR
Far East) serves as a sub-adviser for the fund. [Currently, FMR Far
East is primarily responsible for choosing investments for the fund../
Currently, FMR Far East provides investment research and advice on
issuers based outside the United States and may also provide
investment advisory services for the fund.]
(small solid bullet) Fidelity International Investment Advisors (FIIA)
serves as a sub-adviser for the fund. [Currently, FIIA is primarily
responsible for choosing investments for the fund../Currently, FIIA
provides investment research and advice on issuers based outside the
United States and may also provide investment advisory services for
the fund.]
(small solid bullet) Fidelity International Investment Advisors (U.K.)
Limited (FIIA (U.K.) L) serves as a sub-adviser for the fund.
[Currently, FIIA (U.K.) L is primarily responsible for choosing
investments for the fund../ Currently, FIIA (U.K.) L provides
investment research and advice on issuers based outside the United
States and may also provide investment advisory services for the
fund.]
(small solid bullet) Fidelity Investment Japan Ltd. (FIJ) serves as a
sub-adviser for the fund. [Currently, FIJ is primarily responsible for
choosing investments for the fund./ Currently, FIJ provides investment
research and advice on issuers based outside the United States and may
also provide investment advisory services for the fund.]
Richard Mace is manager of International Value, which he managed since
November 1994. He also manages several other Fidelity funds. Since
joining Fidelity in 1987, Mr. Mace has worked as a manager and
analyst.

Summary of Available Services
Fidelity provides a number of services to its shareholders. Among them
are:
(small solid bullet) 24 hour telephone assistance, 1-800-544-6666;
(small solid bullet) TDD - Service for the Deaf and Hearing-Impaired
(9:00 a.m. - 9:00 p.m. Eastern time), 1-800-544-0118;
(small solid bullet) Fidelity's Web site, www.fidelity.com;
(small solid bullet) TouchTone Xpress (an automated service for
obtaining account information by phone), 1-800-544-5555;
(small solid bullet) Over 75 walk-in Investor Centers nationwide;
(small solid bullet) Exchange privileges among Fidelity funds; and
(small solid bullet) Regular investment and withdrawal plans.
Fidelity, Fidelity Investments & (Pyramid) Design, and TouchTone
Xpress are registered trademarks of FMR Corp.
The third party marks appearing above are the marks of their
respective owners.

F U N D P R O F I L E

EDGAR Submission type: 497K1
Filed pursuant to Rule 497(k)(1)(i)

FIDELITY JAPAN FUND

JPN-profile-1098

[DATE]

[Item Code number]

(Fidelity Logo Graphic)(registered trademark)
82 Devonshire Street, Boston, MA 02109

Investment Summary
INVESTMENT OBJECTIVE. Japan Fund seeks long-term growth of capital.
PRINCIPAL INVESTMENT STRATEGIES. Fidelity Management & Research
Company (FMR)'s principal investment strategies include:
(small solid bullet) Investing at least 65% of total assets in
securities of Japanese issuers.
(small solid bullet) Investing primarily in common stocks.
(small solid bullet) Using fundamental analysis of each issuer's
financial condition and industry position and market and economic
conditions to select investments.
PRINCIPAL INVESTMENT RISKS. The fund is subject to the following
principal investment risks:
(small solid bullet) STOCK MARKET VOLATILITY. Stock markets are
volatile and can decline significantly in response to adverse issuer,
political, regulatory, market or economic developments. Different
parts of the market can react differently to these developments.
(small solid bullet) FOREIGN EXPOSURE. Foreign markets can be more
volatile than the U.S. market due to increased risks of adverse
issuer, political, regulatory, market or economic developments and can
perform differently than the U.S. market.
(small solid bullet) GEOGRAPHIC CONCENTRATION IN JAPAN. The Japanese
economy is currently in a recession. International trade and
government policy, significantly affect economic growth.
(small solid bullet) ISSUER-SPECIFIC CHANGES. The value of an
individual security or particular type of security can be more
volatile than the market as a whole and can perform differently than
the value of the market as a whole.
An investment in the fund is not a deposit of a bank and is not
insured or guaranteed by the Federal Deposit Insurance Corporation or
any other government agency.
When you sell your shares of the fund, they could be worth more or
less than what you paid for them.
Additional information about the fund's investments is available in
the fund's annual and semi-annual reports to shareholders. In the
fund's annual and semi-annual reports, you will find a discussion of
the market conditions and investment strategies that significantly
affected the fund's performance during the period covered by the
report. You may obtain a free copy of the fund's annual or
semi-annual report by calling 1-800-544-8888.

YEAR-BY-YEAR RETURNS
The returns in the chart do not include the effect of Japan Fund's
front-end sales charge. If the effect of the sales charge was
reflected, returns would be lower than those shown.

JAPAN FUND

CALENDAR YEARS 1993 1994 1995 1996 1997

% % % % %

PERCENTAGE (%)
ROW: 1, COL: 1, VALUE: 0.0
ROW: 2, COL: 1, VALUE: 0.0
ROW: 3, COL: 1, VALUE: 0.0
ROW: 4, COL: 1, VALUE: 0.0
ROW: 5, COL: 1, VALUE: 0.0
ROW: 6, COL: 1, VALUE: 0.0
ROW: 7, COL: 1, VALUE: 0.0
ROW: 8, COL: 1, VALUE: 0.0
ROW: 9, COL: 1, VALUE: 0.0
ROW: 10, COL: 1, VALUE: 0.0
DURING THE PERIODS SHOWN IN THE CHART FOR JAPAN FUND THE HIGHEST
RETURN FOR A QUARTER WAS __% (QUARTER ENDING ______, 19_) AND THE
LOWEST RETURN FOR A QUARTER WAS
__% (QUARTER ENDING _____, 19__)..

AVERAGE ANNUAL RETURNS
The returns in the table include the effect of Japan Fund's front-end
sales charge.

<TABLE>
<CAPTION>
<S> <C> <C> <C>
FOR THE PERIODS ENDED [DATE OF MOST RECENT CALENDAR QUARTER END] PAST 1 PAST 5 LIFE OF FUNDX
YEAR YEARS

JAPAN FUND % % %

TOPIX INDEX % % %

LIPPER JAPANESE FUNDS AVERAGE % % %

</TABLE>

x From January 1, 1993.

[ If FMR had not reimbursed certain fund expenses during these
periods, the fund's total returns would have been lower.]
Tokyo Stock Exchange Index (TOPIX) is a market capitalization-weighted
index of over 1100 stocks traded in the Japanese market.
Lipper Japanese Funds Average reflects the performance (excluding
sales charges) of mutual funds with similar objectives.

SHAREHOLDER FEES (PAID BY THE INVESTOR)
MAXIMUM SALES CHARGE (LOAD) ON PURCHASES (AS A % OF OFFERING PRICE) 3.00%X

SALES CHARGE (LOAD) ON NONE
REINVESTED DISTRIBUTIONS

DEFERRED SALES CHARGE (LOAD) ON REDEMPTIONS NONE

REDEMPTION FEE ( SHORT-TERM TRADING FEE) 1.50%
ON SHARES HELD LESS THAN 90 DAYS
(AS A % OF AMOUNT REDEEMED)

ANNUAL ACCOUNT MAINTENANCE FEE (FOR ACCOUNTS UNDER $2,500) $12.00

XLower sales charges may be available for accounts over $250,000.

FUND OPERATING EXPENSES (PAID BY THE FUND)
MANAGEMENT FEE %

DISTRIBUTION (12B-1) FEE NONE

OTHER EXPENSES %

TOTAL ANNUAL FUND OPERATING EXPENSES %

[ A portion of the brokerage commissions that the fund pays is used to
reduce the fund's expenses. In addition, the fund has entered into
arrangements with its custodian and transfer agent whereby credits
realized as a result of uninvested cash balances are used to reduce
custodian and transfer agent expenses. Including these reductions, the
total fund operating expenses would have been __% .]
This EXAMPLE helps you compare the cost of investing in the fund with
the cost of investing in other mutual funds.
Let's say, hypothetically, that the fund's annual return is 5% and
that your shareholder fees and the fund's annual operating expenses
are exactly as described in the fee table. This example illustrates
the effect of fees and expenses, but is not meant to suggest actual or
expected fees and expenses or returns, all of which may vary. For
every $10,000 you invested, here's how much you would pay in total
expenses if you close your account after the number of years
indicated:

1 YEAR $

3 YEARS $

5 YEARS $

10 YEARS $

SALES CHARGE

RANGES AS A % OF OFFERING PRICE

$0 - 249,999 3.00%

$250,000 - 499,999 2.00%

$500,000 - 999,999 1.00%

$1,000,000 OR MORE NONE

Selling Shares
You may sell all or a portion of your shares on any business day by
phone, by mail, by wire, or over the internet through Fidelity's Web
site. You may also redeem shares by exchange to another Fidelity fund.
Both accounts must have the same registration, including name, address
and taxpayer ID. A signature guarantee may be required in certain
circumstances. Normally Fidelity will process redemptions by the next
business day, but Fidelity may take up to seven days to process
redemptions if making immediate payment would adversely affect the
fund. Redemption proceeds (other than exchanges to other Fidelity
funds) may be delayed until investments credited to your account have
been received and collected, which can take up to seven business days.
In addition, when you sell your shares, you will pay a 1.50%
SHORT-TERM TRADING FEE if you have held your shares for less than 90
days.

Fund Management
FMR is the fund's manager.
As the manager, FMR is responsible for choosing the fund's investments
and handling its business affairs.
Affiliates assist FMR with foreign investments:
(small solid bullet) Fidelity Management & Research (U.K.) Inc. (FMR
U.K.) serves as a sub-adviser for the fund. Currently, FMR U.K.
provides investment research and advice on issuers based outside the
United States for the fund.
(small solid bullet) Fidelity Management & Research Far East Inc. (FMR
Far East) serves as a sub-adviser for the fund. Currently, FMR Far
East provides investment research and advice on issuers based outside
the United States for the fund.
(small solid bullet) Fidelity International Investment Advisors (FIIA)
serves as a sub-adviser for the fund. Currently, FIIA is primarily
responsible for choosing investments for the fund.
(small solid bullet) Fidelity International Investment Advisors (U.K.)
Limited (FIIA (U.K.) L) serves as a sub-adviser for the fund.
Currently, FIIA (U.K.) L provides investment research and advice on
issuers based outside the United States for the fund.
(small solid bullet) Fidelity Investment Japan Ltd. (FIJ) serves as a
sub-adviser for the fund. Currently, FIJ provides investment research
and advice on issuers based outside the United States for the fund.
Shigeki Makino is Vice President and manager of Japan and Pacific
Basin, which he has managed since October 1994 and May 1996,
respectively. Since joining Fidelity in 1990, Mr. Makino has worked as
an analyst, manager, and interim research director.
Brenda A. Reed is associate manager of Japan, which she has managed
since October 1998. She also manages other Fidelity portfolios. Since
joining Fidelity in 1992, Ms. Reed has worked as an analyst and
manager.

Summary of Available Services
Fidelity provides a number of services to its shareholders. Among them
are:
(small solid bullet) 24 hour telephone assistance, 1-800-544-6666;
(small solid bullet) TDD - Service for the Deaf and Hearing-Impaired
(9:00 a.m. - 9:00 p.m. Eastern time), 1-800-544-0118;
(small solid bullet) Fidelity's Web site, www.fidelity.com;
(small solid bullet) TouchTone Xpress(registered trademark) (an
automated service for obtaining account information by phone),
1-800-544-5555;
(small solid bullet) Over 75 walk-in Investor Centers nationwide;
(small solid bullet) Exchange privileges among Fidelity funds; and
(small solid bullet) Regular investment and withdrawal plans.
Fidelity, Fidelity Investments & (Pyramid) Design, Fidelity
Investments and TouchTone Xpress are registered trademarks of FMR
Corp.

F U N D P R O F I L E

EDGAR Submission type: 497K1
Filed pursuant to Rule 497(k)(1)(i)

FIDELITY JAPAN SMALL COMPANIES FUND

JSC-profile-1098

[DATE]

[Item Code number]

(Fidelity Logo Graphic)(registered trademark)
82 Devonshire Street, Boston, MA 02109

Investment Summary
INVESTMENT OBJECTIVE. Japan Small Companies Fund seeks long-term
growth of capital.
PRINCIPAL INVESTMENT STRATEGIES. Fidelity Management & Research
Company (FMR)'s principal investment strategies include:
(small solid bullet) Investing at least 65% of total assets in
securities of Japanese issuers with small market capitalizations.
(small solid bullet) Potentially investing in securities of Japanese
issuers with larger market capitalizations and in issuers located
outside of Japan.
(small solid bullet) Investing primarily in common stocks.
(small solid bullet) Using fundamental analysis of each issuer's
financial condition and industry position and market and economic
conditions to select investments.
PRINCIPAL INVESTMENT RISKS. The fund is subject to the following
principal risks:
(small solid bullet) STOCK MARKET VOLATILITY. Stock markets are
volatile and can decline significantly in response to adverse issuer,
political, regulatory, market or economic developments. Different
parts of the market can react differently to these developments.
(small solid bullet) FOREIGN EXPOSURE. Foreign markets can be more
volatile than the U.S. market due to increased risks of adverse
issuer, political, regulatory, market or economic developments and can
perform differently than the U.S. market.
(small solid bullet) GEOGRAPHIC CONCENTRATION IN JAPAN. The Japanese
economy is currently in a recession. International trade and
government policy, significantly affect economic growth.
(small solid bullet) ISSUER-SPECIFIC CHANGES. The value of an
individual security or particular type of security can be more
volatile than the market as a whole and can perform differently than
the value of the market as a whole.
(small solid bullet) SMALL CAP INVESTING. The value of securities of
smaller, less well-known companies perform differently than the market
as a whole and other types of stocks and can be more volatile than
that of larger companies.
In addition, the fund is considered non-diversified and can invest a
greater portion of assets in securities of individual issuers than a
diversified fund. As a result, changes in the market value of a single
issuer could cause greater fluctuations in the fund's share price than
would occur in a more diversified fund.
An investment in the fund is not a deposit of a bank and is not
insured or guaranteed by the Federal Deposit Insurance Corporation or
any other government agency.
When you sell your shares of the fund, they could be worth more or
less than what you paid for them.
Additional information about the fund's investments is available in
the fund's annual and semi-annual reports to shareholders. In the
fund's annual and semi-annual reports, you will find a discussion of
the market conditions and investment strategies that significantly
affected the fund's performance during the period covered by the
report. You may obtain a free copy of the fund's annual or semi-annual
report by calling 1-800-544-8888.

YEAR-BY-YEAR RETURNS
The returns in the chart do not include the effect of Japan Small
Companies Fund's front-end sales charge. If the effect of the sales
charge was reflected, returns would be lower than those shown.

<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
JAPAN SMALL COMPANIES FUND

CALENDAR YEARS 1996 1997

% %

</TABLE>

PERCENTAGE (%)
ROW: 1, COL: 1, VALUE: 0.0
ROW: 2, COL: 1, VALUE: 0.0
ROW: 3, COL: 1, VALUE: 0.0
ROW: 4, COL: 1, VALUE: 0.0
ROW: 5, COL: 1, VALUE: 0.0
ROW: 6, COL: 1, VALUE: 0.0
ROW: 7, COL: 1, VALUE: 0.0
ROW: 8, COL: 1, VALUE: 0.0
ROW: 9, COL: 1, VALUE: 0.0
ROW: 10, COL: 1, VALUE: 0.0
DURING THE PERIODS SHOWN IN THE CHART FOR JAPAN SMALL COMPANIES, THE
HIGHEST RETURN FOR A QUARTER WAS __% (QUARTER ENDING _____, 19__) AND
THE LOWEST RETURN FOR A
QUARTER WAS __% (QUARTER ENDING _____).

AVERAGE ANNUAL RETURNS
The returns in the table include the effect of Japan Small Companies
Fund's front-end sales charge.

<TABLE>
<CAPTION>
<S> <C> <C>
FOR THE PERIODS ENDED [DATE OF MOST RECENT CALENDAR QUARTER END] PAST 1 LIFE OF FUND X
YEAR

JAPAN SMALL COMPANIES FUND % %

TOKYO STOCK EXCHANGE SECOND SECTION INDEX % %

TOPIX INDEX % %

LIPPER JAPANESE FUNDS AVERAGE % %

</TABLE>

x From January 1, 1996.

[If FMR had not reimbursed certain fund expenses during these periods,
the fund's total returns would have been lower.]
Going forward, Japan Small Companies Fund's performance will be
compared to the Tokyo Stock Exchange Second Section Index rather than
Tokyo Stock Exchange Index (TOPIX) because the Tokyo Stock Exchange
Second Section Index provides a better indication of the performance
of Japanese small-capitalization stocks than the TOPIX, which
generally includes larger companies.
Tokyo Stock Exchange Second Section Index is a market
capitalization-weighted index that reflects the performance of the
smaller, less established and newly listed companies of the Tokyo
Stock Exchange.
TOPIX is a market capitalization-weighted index of over 1100 stocks
traded in the Japanese market.
Lipper Japanese Funds Average reflects the performance (excluding
sales charges) of mutual funds with similar objectives.

SHAREHOLDER FEES (PAID BY THE INVESTOR)
MAXIMUM SALES CHARGE (LOAD) ON PURCHASES (AS A % OF OFFERING PRICE) 3.00%X

SALES CHARGE (LOAD) ON NONE
REINVESTED DISTRIBUTIONS

DEFERRED SALES CHARGE (LOAD) ON REDEMPTIONS NONE

REDEMPTION FEE (SHORT-TERM TRADING FEE) 1.50%
ON SHARES HELD LESS THAN 90 DAYS
(AS A % OF AMOUNT REDEEMED)

ANNUAL ACCOUNT MAINTENANCE FEE (FOR ACCOUNTS UNDER $2,500) $12.00

XLower sales charges may be available for accounts over $250,000.

FUND OPERATING EXPENSES (PAID BY THE FUND)
MANAGEMENT FEE %

DISTRIBUTION (12B-1) FEE NONE

OTHER EXPENSES %

TOTAL ANNUAL FUND OPERATING EXPENSES %

[ A portion of the brokerage commissions that the fund pays is used to
reduce the fund's expenses. In addition, the fund has entered into
arrangements with its custodian and transfer agent whereby credits
realized as a result of uninvested cash balances are used to reduce
custodian and transfer agent expenses. Including these reductions, the
total fund operating expenses would have been __% .]
This EXAMPLE helps you compare the cost of investing in the fund with
the cost of investing in other mutual funds.
Let's say, hypothetically, that the fund's annual return is 5% and
that your shareholder fees and the fund's annual operating expenses
are exactly as described in the fee table. This example illustrates
the effect of fees and expenses, but is not meant to suggest actual or
expected fees and expenses or returns, all of which may vary. For
every $10,000 you invested, here's how much you would pay in total
expenses if you close your account after the number of years
indicated:

1 YEAR $

3 YEARS $

5 YEARS $

10 YEARS $

SALES CHARGE

RANGES AS A % OF OFFERING PRICE

$0 - 249,999 3.00%

$250,000 - 499,999 2.00%

$500,000 - 999,999 1.00%

$1,000,000 OR MORE NONE

Selling Shares
You may sell all or a portion of your shares on any business day by
phone, by mail, by wire, or over the internet through Fidelity's Web
site. You may also redeem shares by exchange to another Fidelity fund.
Both accounts must have the same registration, including name, address
and taxpayer ID. A signature guarantee may be required in certain
circumstances. Normally Fidelity will process redemptions by the next
business day, but Fidelity may take up to seven days to process
redemptions if making immediate payment would adversely affect the
fund. Redemption proceeds (other than exchanges to other Fidelity
funds) may be delayed until investments credited to your account have
been received and collected, which can take up to seven business days.
In addition, when you sell your shares, you will pay a 1.5% short-term
trading fee if you have held your shares for less than 90 days.

Fund Management
FMR is the fund's manager.
As the manager, FMR is responsible for choosing the fund's investments
and handling its business affairs.
Affiliates assist FMR with foreign investments:
(small solid bullet) Fidelity Management & Research (U.K.) Inc. (FMR
U.K.) serves as a sub-adviser for the fund. Currently, FMR U.K.
provides investment research and advice on issuers based outside the
United States for the fund.
(small solid bullet) Fidelity Management & Research Far East Inc. (FMR
Far East) serves as a sub-adviser for the fund. Currently, FMR Far
East provides investment research and advice on issuers based outside
the United States for the fund.
(small solid bullet) Fidelity International Investment Advisors (FIIA)
serves as a sub-adviser for the fund. Currently, FIIA provides
investment research and advice on issuers based outside the United
States for the fund.
(small solid bullet) Fidelity International Investment Advisors (U.K.)
Limited (FIIA (U.K.) L) serves as a sub-adviser for the fund.
Currently, FIIA (U.K.) L provides investment research and advice on
issuers based outside the United States for the fund.
(small solid bullet) Fidelity Investment Japan Ltd. (FIJ) serves as a
sub-adviser for the fund. Currently, FIJ is primarily responsible for
choosing investments for the fund.
Kenichi Mizushita is manager of Japan Small Companies, which he has
managed since December 1996. He also manages several funds for
Fidelity International, Limited. Since joining Fidelity in 1985, Mr.
Mizushita has worked as a research analyst and manager.

Summary of Available Services
Fidelity provides a number of services to its shareholders. Among them
are:
(small solid bullet) 24 hour telephone assistance, 1-800-544-6666;
(small solid bullet) TDD - Service for the Deaf and Hearing-Impaired
(9:00 a.m. - 9:00 p.m. Eastern time), 1-800-544-0118;
(small solid bullet) Fidelity's Web site, www.fidelity.com;
(small solid bullet) TouchTone Xpress (an automated service for
obtaining account information by phone), 1-800-544-5555;
(small solid bullet) Over 75 walk-in Investor Centers nationwide;
(small solid bullet) Exchange privileges among Fidelity funds; and
(small solid bullet) Regular investment and withdrawal plans.
Fidelity, Fidelity Investments & (Pyramid) Design, Fidelity
Investments and TouchTone Xpress are registered trademarks of FMR
Corp.

F U N D P R O F I L E

EDGAR Submission type: 497K1
Filed pursuant to Rule 497(k)(1)(i)

FIDELITY LATIN AMERICA FUND

LAF-profile-1098

[DATE]

[Item Code number]

(Fidelity Logo Graphic)(registered trademark)
82 Devonshire Street, Boston, MA 02109

Investment Summary
INVESTMENT OBJECTIVE. Latin America Fund seeks high total investment
return.
PRINCIPAL INVESTMENT STRATEGIES. Fidelity Management & Research
Company (FMR)'s principal investment strategies include:
(small solid bullet) Investing at least 65% of total assets in
securities of Latin American issuers.
(small solid bullet) Investing primarily in common stocks.
(small solid bullet) Allocating investments across countries
considering the size of the market in each country relative to the
size of the markets in Latin America as a whole.
(small solid bullet) Using fundamental analysis of each issuer's
financial condition and industry position and market and economic
conditions to select investments.
PRINCIPAL INVESTMENT RISKS. The fund is subject to the following
principal investment risks:
(small solid bullet) STOCK MARKET VOLATILITY. Stock markets are
volatile and can decline significantly in response to adverse issuer,
political, regulatory, market or economic developments. Different
parts of the market can react differently to these developments.
(small solid bullet) FOREIGN EXPOSURE. Foreign markets, particularly
emerging markets, can be more volatile than the U.S. market due to
increased risks of adverse issuer, political, regulatory, market or
economic developments and can perform differently than the U.S.
market. Emerging markets can be subject to greater social, economic,
regulatory and political uncertainties and can be extremely volatile.
(small solid bullet) GEOGRAPHIC CONCENTRATION IN LATIN AMERICA. The
Latin American economies are generally considered emerging markets and
are significantly affected by currency devaluations. The markets in
Latin America can be extremely volatile.
(small solid bullet) ISSUER-SPECIFIC CHANGES. The value of an
individual security or particular type of security can be more
volatile than the market as a whole and can perform differently than
the value of the market as a whole.
An investment in the fund is not a deposit of a bank and is not
insured or guaranteed by the Federal Deposit Insurance Corporation or
any other government agency.
When you sell your shares of the fund, they could be worth more or
less than what you paid for them.
Additional information about the fund's investments is available in
the fund's annual and semi-annual reports to shareholders. In the
fund's annual and semi-annual reports, you will find a discussion of
the market conditions and investment strategies that significantly
affected the fund's performance during the period covered by the
report. You may obtain a free copy of the fund's annual or
semi-annual report by calling 1-800-544-8888.

YEAR-BY-YEAR RETURNS
The returns in the chart do not include the effect of Latin America
Fund's front-end sales charge. If the effect of the sales charge was
reflected, returns would be lower than those shown.

<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
LATIN AMERICA FUND

CALENDAR YEARS 1994 1995 1996 1997

% % % %

</TABLE>

PERCENTAGE (%)
ROW: 1, COL: 1, VALUE: 0.0
ROW: 2, COL: 1, VALUE: 0.0
ROW: 3, COL: 1, VALUE: 0.0
ROW: 4, COL: 1, VALUE: 0.0
ROW: 5, COL: 1, VALUE: 0.0
ROW: 6, COL: 1, VALUE: 0.0
ROW: 7, COL: 1, VALUE: 0.0
ROW: 8, COL: 1, VALUE: 0.0
ROW: 9, COL: 1, VALUE: 0.0
ROW: 10, COL: 1, VALUE: 0.0
DURING THE PERIODS SHOWN IN THE CHART FOR LATIN AMERICA FUND, THE
HIGHEST RETURN FOR A QUARTER WAS __% (QUARTER ENDING _____, 19__) AND
THE LOWEST RETURN FOR A QUARTER
WAS __% (QUARTER ENDING _____, 19__ ).

AVERAGE ANNUAL RETURNS
The returns in the table include the effect of Latin America Fund's
front-end sales charge.

<TABLE>
<CAPTION>
<S> <C> <C> <C>
FOR THE PERIODS ENDED [DATE OF MOST RECENT CALENDAR QUARTER END] PAST 1 PAST 5 LIFE OF FUNDX
YEAR YEARS

LATIN AMERICA FUND % % %

MSCI LATIN AMERICA FREE INDEX % % %

LIPPER LATIN AMERICAN REGION FUNDS AVERAGE % % %

</TABLE>

x From January 1, 1994 .

[If FMR had not reimbursed certain fund expenses during these periods,
the fund's total returns would have been lower.]
Morgan Stanley Capital International Emerging Markets Free - Latin
America Index is a market capitalization-weighted index of
approximately 170 stocks traded in seven Latin American markets.
Lipper Latin American Region Funds Average reflects the performance
(excluding sales charges) of mutual funds with similar objectives.

SHAREHOLDER FEES (PAID BY THE INVESTOR)
MAXIMUM SALES CHARGE (LOAD) ON PURCHASES (AS A % OF OFFERING PRICE) 3.00%X

SALES CHARGE (LOAD) ON NONE
REINVESTED DISTRIBUTIONS

DEFERRED SALES CHARGE (LOAD) ON REDEMPTIONS NONE

REDEMPTION FEE (SHORT-TERM TRADING FEE) 1.50%
ON SHARES HELD LESS THAN 90 DAYS
(AS A % OF AMOUNT REDEEMED)

ANNUAL ACCOUNT MAINTENANCE FEE (FOR ACCOUNTS UNDER $2,500) $12.00

XLower sales charges may be available for accounts over $250,000.

FUND OPERATING EXPENSES (PAID BY THE FUND)
MANAGEMENT FEE %

DISTRIBUTION (12B-1) FEE NONE

OTHER EXPENSES %

TOTAL ANNUAL FUND OPERATING EXPENSES %

1 YEAR $

3 YEARS $

5 YEARS $

10 YEARS $

SALES CHARGE

RANGES AS A % OF OFFERING PRICE

$0 - 249,999 3.00%

$250,000 - 499,999 2.00%

$500,000 - 999,999 1.00%

$1,000,000 OR MORE NONE

Selling Shares
You may sell all or a portion of your shares on any business day by
phone, by mail, by wire, or over the internet through Fidelity's Web
site. You may also redeem shares by exchange to another Fidelity fund.
Both accounts must have the same registration, including name, address
and taxpayer ID. A signature guarantee may be required in certain
circumstances. Normally Fidelity will process redemptions by the next
business day, but Fidelity may take up to seven days to process
redemptions if making immediate payment would adversely affect the
fund. Redemption proceeds (other than exchanges to other Fidelity
funds) may be delayed until investments credited to your account have
been received and collected, which can take up to seven business days.
In addition, when you sell your shares, you will pay a 1.5% SHORT-TERM
TRADING FEE if you have held your shares for less than 90 days.

Fund Management
FMR is the fund's manager.
As the manager, FMR is responsible for choosing the fund's investments
and handling its business affairs.
Affiliates assist FMR with foreign investments:
(small solid bullet) Fidelity Management & Research (U.K.) Inc. (FMR
U.K.) serves as a sub-adviser for the fund. Currently, FMR U.K.
provides investment research and advice on issuers based outside the
United States for the fund.
(small solid bullet) Fidelity Management & Research Far East Inc. (FMR
Far East) serves as a sub-adviser for the fund. Currently, FMR Far
East provides investment research and advice on issuers based outside
the United States for the fund.
(small solid bullet) Fidelity International Investment Advisors (FIIA)
serves as a sub-adviser for the fund. Currently, FIIA provides
investment research and advice on issuers based outside the United
States for the fund.
(small solid bullet) Fidelity International Investment Advisors (U.K.)
Limited (FIIA (U.K.) L) serves as a sub-adviser for the fund.
Currently, FIIA (U.K.) L provides investment research and advice on
issuers based outside the United States for the fund.
Patricia Satterthwaite is Vice President and manager of Latin America,
which she has managed since April 1993. She also manages another
Fidelity fund. Since joining Fidelity in 1986, Ms. Satterthwaite has
worked as an analyst and manager.

Summary of Available Services
Fidelity provides a number of services to its shareholders. Among them
are:
(small solid bullet) 24 hour telephone assistance, 1-800-544-6666;
(small solid bullet) TDD - Service for the Deaf and Hearing-Impaired
(9:00 a.m. - 9:00 p.m. Eastern time), 1-800-544-0118;
(small solid bullet) Fidelity's Web site, www.fidelity.com;
(small solid bullet) TouchTone Xpress (an automated service for
obtaining account information by phone), 1-800-544-5555;
(small solid bullet) Over 75 walk-in Investor Centers nationwide;
(small solid bullet) Exchange privileges among Fidelity funds; and
(small solid bullet) Regular investment and withdrawal plans.
Fidelity, Fidelity Investments & (Pyramid) Design, Fidelity
Investments and TouchTone Xpress are registered trademarks of FMR
Corp.

F U N D P R O F I L E

EDGAR Submission type: 497K1
Filed pursuant to Rule 497(k)(1)(i)

FIDELITY NORDIC FUND

NOR-profile-1098

[DATE]

This Profile summarizes key information about the fund that is
included in the fund's prospectus. The fund's prospectus includes
additional information about the funds, including a more detailed
description of the risks associated with investing in the fund that
you may want to consider before you invest. You may obtain the
prospectus and other information about the fund at no cost by calling
Fidelityat 1-800-544-8888 or visiting Fidelity's Web site at
www.fidelity.com.

[Item Code Number]

(Fidelity Logo Graphic)(registered trademark)
82 Devonshire Street, Boston, MA 02109

Investment Summary
INVESTMENT OBJECTIVE. Nordic Fund seeks long-term growth of capital.
PRINCIPAL INVESTMENT STRATEGIES. Fidelity Management & Research
Company (FMR)'s principal investment strategies include:
(small solid bullet) Investing at least 65% of total assets in
securities of Danish, Finnish, Norwegian, and Swedish issuers.
(small solid bullet) Investing primarily in common stocks.
(small solid bullet) Allocating investments across countries
considering the size of the market in each country relative to the
size of the markets in the Nordic region as a whole.
(small solid bullet) Using fundamental analysis of each issuer's
financial condition and industry position and market and economic
conditions to select investments.
PRINCIPAL INVESTMENT RISKS. The fund is subject to the following
principal investment risks:
(small solid bullet) STOCK MARKET VOLATILITY. Stock markets are
volatile and can decline significantly in response to adverse issuer,
political, regulatory, market or economic developments. Different
parts of the market can react differently to these developments.
(small solid bullet) FOREIGN EXPOSURE. Foreign markets can be more
volatile than the U.S. market due to increased risks of adverse
issuer, political, regulatory, market or economic developments and can
perform differently than the U.S. market.
(small solid bullet) GEOGRAPHIC CONCENTRATION IN NORDIC REGION. The
Nordic economies are significantly affected by the price of natural
resources and their governments' efforts to comply with the
restrictions required to join the European Economic and Monetary
Union.
(small solid bullet) ISSUER-SPECIFIC CHANGES. The value of an
individual security or particular type of security can be more
volatile than the market as a whole and can perform differently than
the value of the market as a whole.
In addition, the fund is considered non-diversified and can invest a
greater portion of assets in securities of individual issuers than a
diversified fund. As a result, changes in the market value of a single
issuer could cause greater fluctuations in the fund's share price than
would occur in a more diversified fund.
An investment in the fund is not a deposit of a bank and is not
insured or guaranteed by the Federal Deposit Insurance Corporation or
any other government agency.
When you sell your shares of the fund, they could be worth more or
less than what you paid for them.
Additional information about the fund's investments is available in
the fund's annual and semi-annual reports to shareholders. In the
fund's annual and semi-annual reports, you will find a discussion of
the market conditions and investment strategies that significantly
affected the fund's performance during the period covered by the
report. You may obtain a free copy of the fund's annual or
semi-annual report by calling 1-800-544-8888.

YEAR-BY-YEAR RETURNS
The returns in the chart do not include the effect of Nordic Fund's
front-end sales charge. If the effect of the sales charge was
reflected, returns would be lower than those shown.

NORDIC FUND

CALENDAR YEARS 1996 1997

% %

PERCENTAGE (%)
ROW: 1, COL: 1, VALUE: NIL
ROW: 2, COL: 1, VALUE: NIL
ROW: 3, COL: 1, VALUE: NIL
ROW: 4, COL: 1, VALUE: NIL
ROW: 5, COL: 1, VALUE: NIL
ROW: 6, COL: 1, VALUE: NIL
ROW: 7, COL: 1, VALUE: NIL
ROW: 8, COL: 1, VALUE: NIL
ROW: 9, COL: 1, VALUE: NIL
ROW: 10, COL: 1, VALUE: NIL
DURING THE PERIODS SHOWN IN THE CHART FOR NORDIC FUND, THE HIGHEST
RETURN FOR A QUARTER WAS __% (QUARTER ENDING ___, 19__) AND THE LOWEST
RETURN FOR A QUARTER WAS __%
(QUARTER ENDING ____, 19__).

AVERAGE ANNUAL RETURNS
The returns in the table include the effect of Nordic Fund's front-end
sales charge.

<TABLE>
<CAPTION>
<S> <C> <C>
FOR THE PERIODS ENDED [DATE OF MOST RECENT CALENDAR QUARTER END] PAST 1 LIFE OF FUND X
YEAR

NORDIC FUND % %

FT-A-NORDIC INDEX % %

LIPPER EUROPEAN REGION FUNDS AVERAGE % %

</TABLE>

x From January 1, 1996.

[If FMR had not reimbursed certain fund expenses during these periods,
the fund's total returns would have been lower.]
FT - Actuaries World Nordic Index is a market capitalization-weighted
index of over 90 stocks traded in four Scandinavian markets.
Lipper European Region Funds Average reflects the performance
(excluding sales charges) of mutual funds with similar objectives.

SHAREHOLDER FEES (PAID BY THE INVESTOR)
MAXIMUM SALES CHARGE (LOAD) ON PURCHASES (AS A % OF OFFERING PRICE) 3.00%X

SALES CHARGE (LOAD) ON NONE
REINVESTED DISTRIBUTIONS

DEFERRED SALES CHARGE (LOAD) ON REDEMPTIONS NONE

REDEMPTION FEE (SHORT-TERM TRADING FEE) 1.50%
ON SHARES HELD LESS THAN 90 DAYS
(AS A % OF AMOUNT REDEEMED)

ANNUAL ACCOUNT MAINTENANCE FEE (FOR ACCOUNTS UNDER $2,500) $12.00

XLower sales charges may be available for accounts over $250,000.

FUND OPERATING EXPENSES (PAID BY THE FUND)
MANAGEMENT FEE %

DISTRIBUTION (12B-1) FEE NONE

OTHER EXPENSES %

TOTAL ANNUAL FUND OPERATING EXPENSES %

[A portion of the brokerage commissions that the fund pays is used to
reduce the fund's expenses. In addition, the fund has entered into
arrangements with its custodian and transfer agent whereby credits
realized as a result of uninvested cash balances are used to reduce
custodian and transfer agent expenses. Including these reductions, the
total fund operating expenses would have been __% .]
This EXAMPLE helps you compare the cost of investing in the fund with
the cost of investing in other mutual funds.
Let's say, hypothetically, that the fund's annual return is 5% and
that your shareholder fees and the fund's annual operating expenses
are exactly as described in the fee table. This example illustrates
the effect of fees and expenses, but is not meant to suggest actual or
expected fees and expenses or returns, all of which may vary. For
every $10,000 you invested, here's how much you would pay in total
expenses if you close your account after the number of years
indicated:

1 YEAR $

3 YEARS $

5 YEARS $

10 YEARS $

SALES CHARGE

RANGES AS A % OF OFFERING PRICE

$0 - 249,999 3.00%

$250,000 - 499,999 2.00%

$500,000 - 999,999 1.00%

$1,000,000 OR MORE NONE

Selling Shares
You may sell all or a portion of your shares on any business day by
phone, by mail, by wire, or over the internet through Fidelity's Web
site. You may also redeem shares by exchange to another Fidelity fund.
Both accounts must have the same registration, including name, address
and taxpayer ID. A signature guarantee may be required in certain
circumstances. Normally Fidelity will process redemptions by the next
business day, but Fidelity may take up to seven days to process
redemptions if making immediate payment would adversely affect the
fund. Redemption proceeds (other than exchanges to other Fidelity
funds) may be delayed until investments credited to your account have
been received and collected, which can take up to seven business days.
In addition, when you sell your shares, you will pay a 1.5% SHORT-TERM
TRADING FEE if you have held your shares for less than 90 days.

Fund Management
FMR is the fund's manager.
As the manager, FMR is responsible for choosing the fund's investments
and handling its business affairs.
Affiliates assist FMR with foreign investments:
(small solid bullet) Fidelity Management & Research (U.K.) Inc. (FMR
U.K.) serves as a sub-adviser for the fund. Currently, FMR U.K.
provides investment research and advice on issuers based outside the
United States for the fund.
(small solid bullet) Fidelity Management & Research Far East Inc. (FMR
Far East) serves as a sub-adviser for the fund. Currently, FMR Far
East provides investment research and advice on issuers based outside
the United States for the fund.
(small solid bullet) Fidelity International Investment Advisors (FIIA)
serves as a sub-adviser for the fund. Currently, FIIA provides
investment research and advice on issuers based outside the United
States for the fund.
(small solid bullet) Fidelity International Investment Advisors (U.K.)
Limited (FIIA (U.K.) L) serves as a sub-adviser for the fund.
Currently, FIIA (U.K.) L is primarily responsible for choosing
investments for the fund.
Trygve Toraasen is manager of Nordic, which he has managed since June
1998. Previously, he was associate manager for the fund since October
1997. Mr. Toraasen joined Fidelity in 1994 as a research analyst,
after receiving his MSBA from the University of Southern California.

Summary of Available Services
Fidelity provides a number of services to its shareholders. Among them
are:
(small solid bullet) 24 hour telephone assistance, 1-800-544-6666;
(small solid bullet) TDD - Service for the Deaf and Hearing-Impaired
(9:00 a.m. - 9:00 p.m. Eastern time), 1-800-544-0118;
(small solid bullet) Fidelity's Web site, www.fidelity.com;
(small solid bullet) TouchTone Xpress (an automated service for
obtaining account information by phone), 1-800-544-5555;
(small solid bullet) Over 75 walk-in Investor Centers nationwide;
(small solid bullet) Exchange privileges among Fidelity funds; and
(small solid bullet) Regular investment and withdrawal plans
Fidelity, Fidelity Investments & (Pyramid) Design, Fidelity
Investments and TouchTone Xpress are registered trademarks of FMR
Corp.

F U N D P R O F I L E

EDGAR Submission type: 497K1
Filed pursuant to Rule 497(k)(1)(i)

FIDELITY OVERSEAS FUND

OVE-profile-1098

[DATE]

[Insert item Code number]

(Fidelity Logo Graphic)(registered trademark)
82 Devonshire Street, Boston, MA 02109

INVESTMENT SUMMARY
INVESTMENT OBJECTIVE. Overseas seeks long-term growth of capital.
PRINCIPAL INVESTMENT STRATEGIES. Fidelity Management & Research
Company (FMR)'s principal investment strategies include:
(small solid bullet) Investing at least 65% of total assets in foreign
securities.
(small solid bullet) Investing primarily in common stocks.
(small solid bullet) Allocating investments across countries and
regions considering the size of the market in each country and region
relative to the size of the international market as a whole.
(small solid bullet) Using fundamental analysis of each issuer's
financial condition and industry position and market and economic
conditions to select investments.
PRINCIPAL INVESTMENT RISKS. The fund is subject to the following
principal investment risks:
(small solid bullet) STOCK MARKET VOLATILITY. Stock markets are
volatile and can decline significantly in response to adverse issuer,
political, regulatory, market or economic developments. Different
parts of the market can react differently to these developments.
(small solid bullet) FOREIGN EXPOSURE. Foreign markets, particularly
emerging markets, can be more volatile than the U.S. market due to
increased risks of adverse issuer, political, regulatory, market or
economic developments and can perform differently than the U.S.
market.
(small solid bullet) ISSUER-SPECIFIC CHANGES. The value of an
individual security or particular type of security can be more
volatile than the market as a whole and can perform differently than
the value of the market as a whole.
An investment in the fund is not a deposit of a bank and is not
insured or guaranteed by the Federal Deposit Insurance Corporation or
any other government agency.
When you sell your shares of the fund, they could be worth more or
less than what you paid for them.
Additional information about the fund's investments is available in
the fund's annual and semi-annual reports to shareholders. In the
fund's annual and semi-annual reports, you will find a discussion of
the market conditions and investment strategies that significantly
affected the fund's performance during the period covered by the
report. You may obtain a free copy of the fund's annual or
semi-annual report by calling 1-800-544-8888.

YEAR-BY-YEAR RETURNS

<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
OVERSEAS

CALENDAR YEARS 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997

% % % % % % % % % %

</TABLE>

PERCENTAGE (%)
ROW: 1, COL: 1, VALUE: 0.0
ROW: 2, COL: 1, VALUE: 0.0
ROW: 3, COL: 1, VALUE: 0.0
ROW: 4, COL: 1, VALUE: 0.0
ROW: 5, COL: 1, VALUE: 0.0
ROW: 6, COL: 1, VALUE: 0.0
ROW: 7, COL: 1, VALUE: 0.0
ROW: 8, COL: 1, VALUE: 0.0
ROW: 9, COL: 1, VALUE: 0.0
ROW: 10, COL: 1, VALUE: 0.0
DURING THE PERIODS SHOWN IN THE CHART FOR OVERSEAS, THE HIGHEST RETURN
FOR A QUARTER WAS __% (QUARTER ENDING [CALENDAR QUARTER], [YEAR]) AND
THE LOWEST RETURN FOR A QUARTER
WAS __% (QUARTER ENDING [CALENDAR QUARTER], [YEAR]).

AVERAGE ANNUAL RETURNS

<TABLE>
<CAPTION>
<S> <C> <C> <C>
FOR THE PERIODS ENDED [DATE OF MOST RECENT CALENDAR QUARTER END] PAST 1 PAST 5 PAST 10
YEAR YEARS YEARS

OVERSEAS % %[A] %[A]

MORGAN STANLEY CAPITAL INTERNATIONAL EAFE INDEX % % %

LIPPER INTERNATIONAL FUNDS AVERAGE % % %

</TABLE>

[A PREVIOUSLY, THE FUND IMPOSED A SALES CHARGE. IF THIS SALES CHARGE
WERE TAKEN INTO ACCOUNT, TOTAL RETURNS WOULD HAVE BEEN LOWER.]
Morgan Stanley Capital International Europe, Australasia, Far East
(EAFE) Index is a market capitalization-weighted index that is
designed to represent the performance of developed stock markets
outside the United States and Canada. The index may be compiled in two
ways: a market capitalization-weighted (cap-weighted) and a gross
domestic product-weighted (GDP-weighted) version. As of ______, the
cap-weighted index included over ____ equity securities of companies
domiciled in ___ countries, and the GDP-weighted index included over
____ equity securities of companies domiciled in ___ countries.
Lipper International Funds Average reflects the performance (excluding
sales charges) of mutual funds with similar objectives.

Fee Table
The following table describes the fees and expenses that are incurred
when you buy, hold or sell shares of the fund. The annual fund
operating expenses provided below are [based on historical
expenses/higher than the expenses actually paid by the fund as the
result of [the payment or reduction of certain expenses]]during the
period.

SHAREHOLDER FEES (PAID BY THE INVESTOR)
SALES CHARGE (LOAD) ON PURCHASES NONE
AND REINVESTED DISTRIBUTIONS

DEFERRED SALES CHARGE (LOAD) ON REDEMPTIONS NONE

ANNUAL ACCOUNT MAINTENANCE FEE (FOR ACCOUNTS UNDER $2,500) $12.00

FUND OPERATING EXPENSES (PAID BY THE FUND)
MANAGEMENT FEE %

DISTRIBUTION (12B-1) FEE NONE

OTHER EXPENSES %

TOTAL ANNUAL FUND OPERATING EXPENSES %

1 YEAR $

3 YEARS $

5 YEARS $

10 YEARS $

Fund Management
Fidelity Management & Research Company (FMR) is the fund's manager.
As the manager, FMR is responsible for choosing the fund's investments
and handling its business affairs.
Affiliates assist FMR with foreign investments:
(small solid bullet) Fidelity Management & Research (U.K.) Inc. (FMR
U.K.) serves as a sub-adviser for the fund. [Currently, FMR U.K. is
primarily responsible for choosing investments for the fund../
Currently, FMR U.K. provides investment research and advice on issuers
based outside the United States and may also provide investment
advisory services for the fund.]
(small solid bullet) Fidelity Management & Research Far East Inc. (FMR
Far East) serves as a sub-adviser for the fund. [Currently, FMR Far
East is primarily responsible for choosing investments for the fund../
Currently, FMR Far East provides investment research and advice on
issuers based outside the United States and may also provide
investment advisory services for the fund.]
(small solid bullet) Fidelity International Investment Advisors (FIIA)
serves as a sub-adviser for the fund. [Currently, FIIA is primarily
responsible for choosing investments for the fund../Currently, FIIA
provides investment research and advice on issuers based outside the
United States and may also provide investment advisory services for
the fund.]
(small solid bullet) Fidelity International Investment Advisors (U.K.)
Limited (FIIA (U.K.) L) serves as a sub-adviser for the fund.
[Currently, FIIA (U.K.) L is primarily responsible for choosing
investments for the fund../Currently, FIIA (U.K.) L provides
investment research and advice on issuers based outside the United
States and may also provide investment advisory services for the
fund.]
(small solid bullet) Fidelity Investment Japan Ltd. (FIJ) serves as a
sub-adviser for the fund. [Currently, FIJ is primarily responsible for
choosing investments for the fund./Currently, FIJ provides investment
research and advice on issuers based outside the United States and may
also provide investment advisory services for the fund.]
Richard Mace is Vice President and manager of Overseas, which he has
managed since March 1996. He also manages several other Fidelity
funds. Since joining Fidelity in 1987, Mr. Mace has worked as a
manager and analyst.

Summary of Available Services
Fidelity provides a number of services to its shareholders. Among them
are:
(small solid bullet) 24 hour telephone assistance, 1-800-544-6666;
(small solid bullet) TDD - Service for the Deaf and Hearing-Impaired
(9:00 a.m. - 9:00 p.m. Eastern time), 1-800-544-0118;
(small solid bullet) Fidelity's Web site, www.fidelity.com;
(small solid bullet) TouchTone Xpress (an automated service for
obtaining account information by phone), 1-800-544-5555;
(small solid bullet) Over 75 walk-in Investor Centers nationwide;
(small solid bullet) Exchange privileges among Fidelity funds; and
(small solid bullet) Regular investment and withdrawal plans.
Fidelity, Fidelity Investments & (Pyramid) Design, and TouchTone
Xpress are registered trademarks of FMR Corp.
The third party marks appearing above are the marks of their
respective owners.

F U N D P R O F I L E

EDGAR Submission type: 497K1
Filed pursuant to Rule 497(k)(1)(i)

FIDELITY PACIFIC BASIN FUND

PAF-profile-1098

[DATE]

[Item Code Number]

(Fidelity Logo Graphic)(registered trademark)
82 Devonshire Street, Boston, MA 02109

Investment Summary
INVESTMENT OBJECTIVE. Pacific Basin Fund seeks growth of capital over
the long-term.
PRINCIPAL INVESTMENT STRATEGIES. Fidelity Management & Research
Company (FMR)'s principal investment strategies include:
(small solid bullet) Investing at least 65% of total assets in
securities of issuers that have their principal activities in the
Pacific Basin.
(small solid bullet) Investing significantly in securities of Japanese
issuers.
(small solid bullet) Investing primarily in common stocks.
(small solid bullet) Allocating investments across countries
considering the size of the market in each country relative to the
size of the markets in the Pacific Basin as a whole.
(small solid bullet) Using fundamental analysis of each issuer's
financial condition and industry position and market and economic
conditions to select investments.
Principal Investment Risks. The fund is subject to the following
principal investment risks:
(small solid bullet) STOCK MARKET VOLATILITY. Stock markets are
volatile and can decline significantly in response to adverse issuer,
political, regulatory, market or economic developments. Different
parts of the market can react differently to these developments.
(small solid bullet) FOREIGN EXPOSURE. Foreign markets, particularly
emerging markets, can be more volatile than the U.S. market due to
increased risks of adverse issuer, political, regulatory, market or
economic developments and can perform differently than the U.S.
market. Emerging markets can be subject to greater social, economic,
regulatory and political uncertainties and can be extremely volatile.
(small solid bullet) GEOGRAPHIC CONCENTRATION IN PACIFIC BASIN. Many
Pacific Basin economies are generally considered emerging markets and
most are in recessions. International trade, government policy, and
political and social stability significantly affect economic growth.
The markets in the Pacific Basin can be extremely volatile.
(small solid bullet) ISSUER-SPECIFIC CHANGES. The value of an
individual security or particular type of security can be more
volatile than the market as a whole and can perform differently than
the value of the market as a whole.
An investment in the fund is not a deposit of a bank and is not
insured or guaranteed by the Federal Deposit Insurance Corporation or
any other government agency.

When you sell your shares of the fund, they could be worth more or
less than what you paid for them.

YEAR-BY-YEAR RETURNS
The returns in the chart do not include the effect of Pacific Basin
Fund's front-end sales charge. If the effect of the sales charge was
reflected, returns would be lower than those shown.

<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PACIFIC BASIN FUND

CALENDAR YEARS 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997

% % % % % % % % % %

</TABLE>

PERCENTAGE (%)
ROW: 1, COL: 1, VALUE: NIL
ROW: 2, COL: 1, VALUE: NIL
ROW: 3, COL: 1, VALUE: NIL
ROW: 4, COL: 1, VALUE: NIL
ROW: 5, COL: 1, VALUE: NIL
ROW: 6, COL: 1, VALUE: NIL
ROW: 7, COL: 1, VALUE: NIL
ROW: 8, COL: 1, VALUE: NIL
ROW: 9, COL: 1, VALUE: NIL
ROW: 10, COL: 1, VALUE: NIL
DURING THE PERIODS SHOWN IN THE CHART FOR PACIFIC BASIN FUND, THE
HIGHEST RETURN FOR A QUARTER WAS __% (QUARTER ENDING ____, 19__) AND
THE LOWEST RETURN FOR A QUARTER
WAS __% (QUARTER ENDING _______, 19___).

AVERAGE ANNUAL RETURNS
The returns in the table include the effect of Pacific Basin Fund's
front-end sales charge.

<TABLE>
<CAPTION>
<S> <C> <C> <C>
FOR THE PERIODS ENDED [DATE OF MOST RECENT CALENDAR QUARTER END] PAST 1 PAST 5 PAST 10
YEAR YEARS YEARS

PACIFIC BASIN FUND % % %

MSCI PACIFIC INDEX % % %

LIPPER PACIFIC REGION FUNDS AVERAGE % % %

</TABLE>

[If FMR had not reimbursed certain fund expenses during these periods,
the fund's total returns would have been lower.]
Morgan Stanley Capital International Pacific Index is a market
capitalization-weighted index of approximately 400 stocks traded in
six Pacific-region markets.
Lipper Pacific Region Funds Average reflects the performance
(excluding sales charges) of mutual funds with similar objectives.

SHAREHOLDER FEES (PAID BY THE INVESTOR)
MAXIMUM SALES CHARGE (LOAD) ON PURCHASES (AS A % OF OFFERING PRICE) 3.00%X

SALES CHARGE (LOAD) ON NONE
REINVESTED DISTRIBUTIONS

DEFERRED SALES CHARGE (LOAD) ON REDEMPTIONS NONE

REDEMPTION FEE (SHORT-TERM TRADING FEE) 1.00%
ON SHARES HELD LESS THAN 90 DAYS
(AS A % OF AMOUNT REDEEMED)

ANNUAL ACCOUNT MAINTENANCE FEE (FOR ACCOUNTS UNDER $2,500) $12.00

XLower sales charges may be available for accounts over $250,000.

FUND OPERATING EXPENSES (PAID BY THE FUND)
MANAGEMENT FEE %

DISTRIBUTION (12B-1) FEE NONE

OTHER EXPENSES %

TOTAL ANNUAL FUND OPERATING EXPENSES %

[ A portion of the brokerage commissions that the fund pays is used to
reduce the fund's expenses. In addition, the fund has entered into
arrangements with its custodian and transfer agent whereby credits
realized as a result of uninvested cash balances are used to reduce
custodian and transfer agent expenses. Including these reductions, the
total fund operating expenses would have been __% .]
This EXAMPLE helps you compare the cost of investing in the fund with
the cost of investing in other mutual funds.
Let's say, hypothetically, that the fund's annual return is 5% and
that your shareholder fees and the fund's annual operating expenses
are exactly as described in the fee table. This example illustrates
the effect of fees and expenses, but is not meant to suggest actual or
expected fees and expenses or returns, all of which may vary. For
every $10,000 you invested, here's how much you would pay in total
expenses if you close your account after the number of years
indicated:

1 YEAR $

3 YEARS $

5 YEARS $

10 YEARS $

SALES CHARGE

RANGES AS A % OF OFFERING PRICE

$0 - 249,999 3.00%

$250,000 - 499,999 2.00%

$500,000 - 999,999 1.00%

$1,000,000 OR MORE NONE

Selling Shares
You may sell all or a portion of your shares on any business day by
phone, by mail, by wire, or over the internet through Fidelity's Web
site. You may also redeem shares by exchange to another Fidelity fund.
Both accounts must have the same registration, including name, address
and taxpayer ID. A signature guarantee may be required in certain
circumstances. Normally Fidelity will process redemptions by the next
business day, but Fidelity may take up to seven days to process
redemptions if making immediate payment would adversely affect the
fund. Redemption proceeds (other than exchanges to other Fidelity
funds) may be delayed until investments credited to your account have
been received and collected, which can take up to seven business days.
In addition, when you sell your shares, you will pay a 1.0% SHORT-TERM
TRADING FEE if you have held your shares for less than 90 days.

Fund Management
FMR is the fund's manager.
As the manager, FMR is responsible for choosing the fund's investments
and handling its business affairs.
Affiliates assist FMR with foreign investments:
(small solid bullet) Fidelity Management & Research (U.K.) Inc. (FMR
U.K.) serves as a sub-adviser for the fund. Currently, FMR U.K.
provides investment research and advice on issuers based outside the
United States for the fund.
(small solid bullet) Fidelity Management & Research Far East Inc. (FMR
Far East) serves as a sub-adviser for the fund. Currently, FMR Far
East provides investment research and advice on issuers based outside
the United States for the fund.
(small solid bullet) Fidelity International Investment Advisors (FIIA)
serves as a sub-adviser for the fund. Currently, FIIA is primarily
responsible for choosing investments for the fund.
(small solid bullet) Fidelity International Investment Advisors (U.K.)
Limited (FIIA (U.K.) L) serves as a sub-adviser for the fund.
Currently, FIIA (U.K.) L provides investment research and advice on
issuers based outside the United States for the fund.
(small solid bullet) Fidelity Investment Japan Ltd. (FIJ) serves as a
sub-adviser for the fund. Currently, FIJ provides investment research
and advice on issuers based outside the United States for the fund.
Shigeki Makino is Vice President and manager of Japan and Pacific
Basin, which he has managed since October 1994 and May 1996,
respectively. Since joining Fidelity in 1990, Mr. Makino has worked as
an analyst, manager, and interim research director.
William J. Kennedy is associate manager of Pacific Basin, which he has
managed since October 1998. Since joining Fidelity in 1994, he has
been an international research analyst.

Summary of Available Services
Fidelity provides a number of services to its shareholders. Among them
are:
(small solid bullet) 24 hour telephone assistance, 1-800-544-6666;
(small solid bullet) TDD - Service for the Deaf and Hearing-Impaired
(9:00 a.m. - 9:00 p.m. Eastern time), 1-800-544-0118;
(small solid bullet) Fidelity's Web site, www.fidelity.com;
(small solid bullet) TouchTone Xpress (an automated service for
obtaining account information by phone), 1-800-544-5555;
(small solid bullet) Over 75 walk-in Investor Centers nationwide;
(small solid bullet) Exchange privileges among Fidelity funds; and
(small solid bullet) Regular investment and withdrawal plans.
Fidelity, Fidelity Investments & (Pyramid) Design, Fidelity
Investments and TouchTone Xpress are registered trademarks of FMR
Corp.

F U N D P R O F I L E

EDGAR Submission type: 497K1
Filed pursuant to Rule 497(k)(1)(i)

FIDELITY SOUTHEAST ASIA FUND

SEA-profile-1098

[DATE]

[Item Code Number]

(Fidelity Logo Graphic)(registered trademark)
82 Devonshire Street, Boston, MA 02109

Investment Summary
INVESTMENT OBJECTIVE. Southeast Asia Fund seeks capital appreciation.
PRINCIPAL INVESTMENT STRATEGIES. Fidelity Management & Research
Company (FMR)'s principal investment strategies include:
(small solid bullet) Investing at least 65% of total assets in
securities of Southeast Asian issuers.
(small solid bullet) Investing primarily in common stocks.
(small solid bullet) Allocating investments across countries
considering the size of the market in each country relative to the
size of the markets in Southeast Asia as a whole.
(small solid bullet) Using fundamental analysis of each issuer's
financial condition and industry position and market and economic
conditions to select investments.
PRINCIPAL INVESTMENT RISKS. The fund is subject to the following
principal investment risks:
(small solid bullet) STOCK MARKET VOLATILITY. Stock markets are
volatile and can decline significantly in response to adverse issuer,
political, regulatory, market or economic developments. Different
parts of the market can react differently to these developments.
(small solid bullet) FOREIGN EXPOSURE. Foreign markets, particularly
emerging markets, can be more volatile than the U.S. market due to
increased risks of adverse issuer, political, regulatory, market or
economic developments and can perform differently than the U.S.
market. Emerging markets can be subject to greater social, economic,
regulatory and political uncertainties and can be extremely volatile.
(small solid bullet) GEOGRAPHIC CONCENTRATION IN SOUTHEAST ASIA. Most
Southeast Asian economies are generally considered emerging markets
and are currently in recessions. International trade, government
policy and political and social stability significantly affect
economic growth. The markets in Southeast Asia can be extremely
volatile.
(small solid bullet) ISSUER-SPECIFIC CHANGES. The value of an
individual security or particular type of security can be more
volatile than the market as a whole and can perform differently than
the value of the market as a whole.
An investment in the fund is not a deposit of a bank and is not
insured or guaranteed by the Federal Deposit Insurance Corporation or
any other government agency.
When you sell your shares of the fund, they could be worth more or
less than what you paid for them.
Additional information about the fund's investments is available in
the fund's annual and semi-annual reports to shareholders. In the
fund's annual and semi-annual reports, you will find a discussion of
the market conditions and investment strategies that significantly
affected the fund's performance during the period covered by the
report. You may obtain a free copy of the fund's annual or
semi-annual report by calling 1-800-544-8888.

YEAR-BY-YEAR RETURNS
The returns in the chart do not include the effect of Southeast Asia
Fund's front-end sales charge. If the effect of the sales charge was
reflected, returns would be lower than those shown.

<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SOUTHEAST ASIA FUND

CALENDAR YEARS 1994 1995 1996 1997

% % % %

</TABLE>

PERCENTAGE (%)
ROW: 1, COL: 1, VALUE: NIL
ROW: 2, COL: 1, VALUE: NIL
ROW: 3, COL: 1, VALUE: NIL
ROW: 4, COL: 1, VALUE: NIL
ROW: 5, COL: 1, VALUE: NIL
ROW: 6, COL: 1, VALUE: NIL
ROW: 7, COL: 1, VALUE: NIL
ROW: 8, COL: 1, VALUE: NIL
ROW: 9, COL: 1, VALUE: NIL
ROW: 10, COL: 1, VALUE: NIL
DURING THE PERIODS SHOWN IN THE CHART FOR SOUTHEAST ASIA FUND, THE
HIGHEST RETURN FOR A QUARTER WAS __% (QUARTER ENDING ___, 19__) AND
THE LOWEST RETURN FOR A QUARTER
WAS __% (QUARTER ENDING ______, 19___ ).

AVERAGE ANNUAL RETURNS
The returns in the table include the effect of Southeast Asia Fund's
front-end sales charge.

<TABLE>
<CAPTION>
<S> <C> <C> <C>
FOR THE PERIODS ENDED [DATE OF MOST RECENT CALENDAR QUARTER END] PAST 1 PAST 5 LIFE OF FUND X
YEAR YEARS

SOUTHEAST ASIA FUND % % %

MSCI FAR EAST EX-JAPAN FREE INDEX % % %

LIPPER PACIFIC EX-JAPAN FUNDS AVERAGE % % %

</TABLE>

x From January 1, 1994.

[If FMR had not reimbursed certain fund expenses during the periods,
the fund's total returns would have been lower.]
Morgan Stanley Capital International Far East ex Japan Free Index is a
market capitalization-weighted index of over 450 stocks traded in
eight Asian markets, excluding Japan.
Lipper Pacific ex-Japan Funds Average reflects the performance
(excluding sales charges) of mutual funds with similar objectives.

SHAREHOLDER FEES (PAID BY THE INVESTOR)
MAXIMUM SALES CHARGE (LOAD) ON PURCHASES (AS A % OF OFFERING PRICE) 3.00%X

SALES CHARGE (LOAD) ON NONE
REINVESTED DISTRIBUTIONS

DEFERRED SALES CHARGE (LOAD) ON REDEMPTIONS NONE

REDEMPTION FEE (SHORT-TERM TRADING FEE) 1.50%
ON SHARES HELD LESS THAN 90 DAYS
(AS A % OF AMOUNT REDEEMED)

ANNUAL ACCOUNT MAINTENANCE FEE (FOR ACCOUNTS UNDER $2,500) $12.00

XLower sales charges may be available for accounts over $250,000.

FUND OPERATING EXPENSES (PAID BY THE FUND)
MANAGEMENT FEE %

DISTRIBUTION (12B-1) FEE NONE

OTHER EXPENSES %

TOTAL ANNUAL FUND OPERATING EXPENSES %

1 YEAR $

3 YEARS $

5 YEARS $

10 YEARS $

SALES CHARGE

RANGES AS A % OF OFFERING PRICE

$0 - 249,999 3.00%

$250,000 - 499,999 2.00%

$500,000 - 999,999 1.00%

$1,000,000 OR MORE NONE

Selling Shares
You may sell all or a portion of your shares on any business day by
phone, by mail, by wire, or over the internet through Fidelity's Web
site. You may also redeem shares by exchange to another Fidelity fund.
Both accounts must have the same registration, including name, address
and taxpayer ID. A signature guarantee may be required in certain
circumstances. Normally Fidelity will process redemptions by the next
business day, but Fidelity may take up to seven days to process
redemptions if making immediate payment would adversely affect the
fund. Redemption proceeds (other than exchanges to other Fidelity
funds) may be delayed until investments credited to your account have
been received and collected, which can take up to seven business days.
In addition, when you sell your shares, you will pay a 1.50%
SHORT-TERM TRADING FEE if you have held your shares for less than 90
days.

Fund Management
FMR is the fund's manager.
As the manager, FMR is responsible for choosing the fund's investments
and handling its business affairs.
Affiliates assist FMR with foreign investments:
(small solid bullet) Fidelity Management & Research (U.K.) Inc. (FMR
U.K.) serves as a sub-adviser for the fund. Currently, FMR U.K.
provides investment research and advice on issuers based outside the
United States for the fund.
(small solid bullet) Fidelity Management & Research Far East Inc. (FMR
Far East) serves as a sub-adviser for the fund. Currently, FMR Far
East provides investment research and advice on issuers based outside
the United States for the fund.
(small solid bullet) Fidelity International Investment Advisors (FIIA)
serves as a sub-adviser for the fund. Currently, FIIA is primarily
responsible for choosing investments for the fund.
(small solid bullet) Fidelity International Investment Advisors (U.K.)
Limited (FIIA (U.K.) L) serves as a sub-adviser for the fund.
Currently, FIIA (U.K.) L provides investment research and advice on
issuers based outside the United States for the fund.
(small solid bullet) Fidelity Investment Japan Ltd. (FIJ) serves as a
sub-adviser for the fund. Currently, FIJ provides investment research
and advice on issuers based outside the United States for the fund.
Allan Liu is Vice President and manager of Southeast Asia, which he
has managed since April 1993. Since joining Fidelity in 1986, Mr. Liu
has worked as an analyst, manager, and associate director of Fidelity
Investments Management Ltd.

Summary of Available Services
Fidelity provides a number of services to its shareholders. Among them
are:
(small solid bullet) 24 hour telephone assistance, 1-800-544-6666;
(small solid bullet) TDD - Service for the Deaf and Hearing-Impaired
(9:00 a.m. - 9:00 p.m. Eastern time), 1-800-544-0118;
(small solid bullet) Fidelity's Web site, www.fidelity.com;
(small solid bullet) TouchTone Xpress (an automated service for
obtaining account information by phone), 1-800-544-5555;
(small solid bullet) Over 75 walk-in Investor Centers nationwide;
(small solid bullet) Exchange privileges among Fidelity funds; and
(small solid bullet) Regular investment and withdrawal plan.
Fidelity, Fidelity Investments & (Pyramid) Design, Fidelity
Investments and TouchTone Xpress are registered trademarks of FMR
Corp.

F U N D P R O F I L E

EDGAR Submission type: 497K1
Filed pursuant to Rule 497(k)(1)(i)

FIDELITY UNITED KINGDOM FUND

UTY-profile-1098

[DATE]

[Item Code number]

(Fidelity Logo Graphic)(registered trademark)
82 Devonshire Street, Boston, MA 02109

Investment Summary
INVESTMENT OBJECTIVE. United Kingdom Fund seeks long-term growth of
capital.
PRINCIPAL INVESTMENT STRATEGIES. Fidelity Management & Research
Company (FMR)'s principal investment strategies include:
(small solid bullet) Investing at least 65% of total assets in
securities of British issuers.
(small solid bullet) Investing primarily in common stocks.
(small solid bullet) Using fundamental analysis of each issuer's
financial condition and industry position and market and economic
conditions to select investments.
PRINCIPAL INVESTMENT RISKS. The fund is subject to the following
principal investment risks:
(small solid bullet) STOCK MARKET VOLATILITY. Stock markets are
volatile and can decline significantly in response to adverse issuer,
political, regulatory, market or economic developments. Different
parts of the market can react differently to these developments.
(small solid bullet) FOREIGN EXPOSURE. Foreign markets can be more
volatile than the U.S. market due to increased risks of adverse
issuer, political, regulatory, market or economic developments and can
perform differently than the U.S. market.
(small solid bullet) GEOGRAPHIC CONCENTRATION IN UNITED KINGDOM. The
United Kingdom economies are significantly affected by the
restrictions required to join the European Economic and Monetary
Union.
(small solid bullet) ISSUER-SPECIFIC CHANGES. The value of an
individual security or particular type of security can be more
volatile than the market as a whole and can perform differently than
the value of the market as a whole.
In addition, the fund is considered non-diversified and can invest a
greater portion of assets in securities of individual issuers than a
diversified fund. As a result, changes in the market value of a single
issuer could cause greater fluctuations in the fund's share price than
would occur in a more diversified fund.
An investment in the fund is not a deposit of a bank and is not
insured or guaranteed by the Federal Deposit Insurance Corporation or
any other government agency.
When you sell your shares of the fund, they could be worth more or
less than what you paid for them.
Additional information about the fund's investments is available in
the fund's annual and semi-annual reports to shareholders. In the
fund's annual and semi-annual reports, you will find a discussion of
the market conditions and investment strategies that significantly
affected the fund's performance during the period covered by the
report. You may obtain a free copy of the fund's annual or
semi-annual report by calling 1-800-544-8888.

YEAR-BY-YEAR RETURNS
The returns in the chart do not include the effect of United Kingdom
Fund's front-end sales charge. If the effect of the sales charge was
reflected, returns would be lower than those shown.

<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
UNITED KINGDOM FUND

CALENDAR YEARS 1996 1997

% %

</TABLE>

PERCENTAGE (%)
ROW: 1, COL: 1, VALUE: 0.0
ROW: 2, COL: 1, VALUE: 0.0
ROW: 3, COL: 1, VALUE: 0.0
ROW: 4, COL: 1, VALUE: 0.0
ROW: 5, COL: 1, VALUE: 0.0
ROW: 6, COL: 1, VALUE: 0.0
ROW: 7, COL: 1, VALUE: 0.0
ROW: 8, COL: 1, VALUE: 0.0
ROW: 9, COL: 1, VALUE: 0.0
ROW: 10, COL: 1, VALUE: 0.0
DURING THE PERIODS SHOWN IN THE CHART FOR UNITED KINGDOM FUND, THE
HIGHEST RETURN FOR A QUARTER WAS __% (QUARTER ENDING _____, 19__) AND
THE LOWEST RETURN FOR A
QUARTER WAS __% (QUARTER ENDING ______, 19__).

AVERAGE ANNUAL RETURNS
The returns in the table include the effect of United Kingdom Fund's
front-end sales charge.

<TABLE>
<CAPTION>
<S> <C> <C>
FOR THE PERIODS ENDED [DATE OF MOST RECENT CALENDAR QUARTER END] PAST 1 LIFE OF FUNDX
YEAR

UNITED KINGDOM FUND % %

FT-ALL SHARES INDEX % %

LIPPER EUROPEAN REGION FUNDS AVERAGE % %

</TABLE>

x From January 1, 1996.

[If FMR had not reimbursed certain fund expenses during these periods,
the fund's total returns would have been lower.]
FT - All Shares Index is a market capitalization-weighted index of
over 750 stocks traded in the U.K. market.
Lipper European Region Funds Average reflects the performance
(excluding sales charges) of mutual funds with similar objectives.

Fee Table
The following table describes the fees and expenses that are incurred
when you buy, hold or sell shares of the fund. The annual fund
operating expenses provided are [based on historical expenses/higher
than the expenses actually paid by the fund as the result of [expense
reimbursements] [and] the payment or reduction of certain expenses]
during the period.

SHAREHOLDER FEES (PAID BY THE INVESTOR)
MAXIMUM SALES CHARGE (LOAD) ON PURCHASES (AS A % OF OFFERING PRICE) 3.00%X

SALES CHARGE (LOAD) ON NONE
REINVESTED DISTRIBUTIONS

DEFERRED SALES CHARGE (LOAD) ON REDEMPTIONS NONE

REDEMPTION FEE (SHORT-TERM TRADING FEE) 1.50%
ON SHARES HELD LESS THAN 90 DAYS
(AS A % OF AMOUNT REDEEMED)

ANNUAL ACCOUNT MAINTENANCE FEE (FOR ACCOUNTS UNDER $2,500) $12.00

XLower sales charges may be available for accounts over $250,000.

FUND OPERATING EXPENSES (PAID BY THE FUND)
MANAGEMENT FEE %

DISTRIBUTION (12B-1) FEE NONE

OTHER EXPENSES %

TOTAL ANNUAL FUND OPERATING EXPENSESA %

AFMR has voluntarily agreed to reimburse the fund to the extent that
total operating expenses (excluding interest, taxes, brokerage
commissions and extraordinary expenses), as a percentage of its
average net assets exceed 2.00%. This arrangement can be terminated at
any time by FMR.
[A portion of the brokerage commissions that the fund pays is used to
reduce the fund's expenses. In addition, the fund has entered into
arrangements with its custodian and transfer agent whereby credits
realized as a result of uninvested cash balances are used to reduce
custodian and transfer agent expenses. Including these reductions, the
total fund operating expenses, after reimbursement, would have been
__% .]
This EXAMPLE helps you compare the cost of investing in the fund with
the cost of investing in other mutual funds.
Let's say, hypothetically, that the fund's annual return is 5% and
that your shareholder fees and the fund's annual operating expenses
are exactly as described in the fee table. This example illustrates
the effect of fees and expenses, but is not meant to suggest actual or
expected fees and expenses or returns, all of which may vary. For
every $10,000 you invested, here's how much you would pay in total
expenses if you close your account after the number of years
indicated:

1 YEAR $

3 YEARS $

5 YEARS $

10 YEARS $

SALES CHARGE

RANGES AS A % OF OFFERING PRICE

$0 - 249,999 3.00%

$250,000 - 499,999 2.00%

$500,000 - 999,999 1.00%

$1,000,000 OR MORE NONE

Selling Shares
You may sell all or a portion of your shares on any business day by
phone, by mail, by wire, or over the internet through Fidelity's Web
site. You may also redeem shares by exchange to another Fidelity fund.
Both accounts must have the same registration, including name, address
and taxpayer ID. A signature guarantee may be required in certain
circumstances. Normally Fidelity will process redemptions by the next
business day, but Fidelity may take up to seven days to process
redemptions if making immediate payment would adversely affect the
fund. Redemption proceeds (other than exchanges to other Fidelity
funds) may be delayed until investments credited to your account have
been received and collected, which can take up to seven business days.
In addition, when you sell your shares, you will pay a 1.50%
SHORT-TERM TRADING FEE if you have held your shares for less than 90
days.

Fund Management
FMR is the fund's manager.
As the manager, FMR is responsible for choosing the fund's investments
and handling its business affairs.
Affiliates assist FMR with foreign investments:
(small solid bullet) Fidelity Management & Research (U.K.) Inc. (FMR
U.K.) serves as a sub-adviser for the fund. Currently, FMR U.K.
provides investment research and advice on issuers based outside the
United States for the fund.
(small solid bullet) Fidelity Management & Research Far East Inc. (FMR
Far East) serves as a sub-adviser for the fund. Currently, FMR Far
East provides investment research and advice on issuers based outside
the United States for the fund.
(small solid bullet) Fidelity International Investment Advisors (FIIA)
serves as a sub-adviser for the fund. Currently, FIIA provides
investment research and advice on issuers based outside the United
States for the fund.
(small solid bullet) Fidelity International Investment Advisors (U.K.)
Limited (FIIA (U.K.) L) serves as a sub-adviser for the fund.
Currently, FIIA (U.K.) L is primarily responsible for choosing
investments for the fund.
Frederic Gautier is manager of United Kingdom, which he has managed
since August 1998. He is also an associate director of research and a
portfolio manager for Fidelity International Limited (FIL). Mr.
Gautier joined Fidelity as an analyst in 1994, after receiving his MBA
from the European Institute of Business Administration (INSEAD) in
France.

Summary of Available Services
Fidelity provides a number of services to its shareholders. Among them
are:
(small solid bullet) 24 hour telephone assistance, 1-800-544-6666;
(small solid bullet) TDD - Service for the Deaf and Hearing-Impaired
(9:00 a.m. - 9:00 p.m. Eastern time), 1-800-544-0118;
(small solid bullet) Fidelity's Web site, www.fidelity.com;
(small solid bullet) TouchTone Xpress (an automated service for
obtaining account information by phone), 1-800-544-5555;
(small solid bullet) Over 75 walk-in Investor Centers nationwide;
(small solid bullet) Exchange privileges among Fidelity funds; and
(small solid bullet) Regular investment and withdrawal plans.
Fidelity, Fidelity Investments & (Pyramid) Design, Fidelity
Investments and TouchTone Xpress are registered trademarks of FMR
Corp.

F U N D P R O F I L E

EDGAR Submission type: 497K1
Filed pursuant to Rule 497(k)(1)(i)

FIDELITY WORLDWIDE FUND

WLD-profile-1098

[DATE]

[Insert item Code number]

(Fidelity Logo Graphic)(registered trademark)
82 Devonshire Street, Boston, MA 02109

INVESTMENT SUMMARY
INVESTMENT OBJECTIVE. Worldwide seeks growth of capital.
PRINCIPAL INVESTMENT STRATEGIES. Fidelity Management & Research
Company (FMR)'s principal investment strategies include:
(small solid bullet) Investing in securities issued anywhere in the
world.
(small solid bullet) Investing primarily in common stocks.
(small solid bullet) Allocating investments across countries and
regions considering the size of the market in each country and region
relative to the size of the world market as a whole.
(small solid bullet) Using fundamental analysis of each issuer's
financial condition and industry position and market and economic
conditions to select investments.
PRINCIPAL INVESTMENT RISKS. The fund is subject to the following
principal investment risks:
(small solid bullet) STOCK MARKET VOLATILITY. Stock markets are
volatile and can decline significantly in response to adverse issuer,
political, regulatory, market or economic developments. Different
parts of the market can react differently to these developments.
(small solid bullet) FOREIGN EXPOSURE. Foreign markets, particularly
emerging markets, can be more volatile than the U.S. market due to
increased risks of adverse issuer, political, regulatory, market or
economic developments and can perform differently than the U.S.
market.
(small solid bullet) ISSUER-SPECIFIC CHANGES. The value of an
individual security or particular type of security can be more
volatile than the market as a whole and can perform differently than
the value of the market as a whole.
An investment in the fund is not a deposit of a bank and is not
insured or guaranteed by the Federal Deposit Insurance Corporation or
any other government agency.
When you sell your shares of the fund, they could be worth more or
less than what you paid for them.
Additional information about the fund's investments is available in
the fund's annual and semi-annual reports to shareholders. In the
fund's annual and semi-annual reports, you will find a discussion of
the market conditions and investment strategies that significantly
affected the fund's performance during the period covered by the
report. You may obtain a free copy of the fund's annual or
semi-annual report by calling 1-800-544-8888.

YEAR-BY-YEAR RETURNS

<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
WORLDWIDE

CALENDAR YEARS 1991 1992 1993 1994 1995 1996 1997

% % % % % % %

</TABLE>

PERCENTAGE (%)
ROW: 1, COL: 1, VALUE: 0.0
ROW: 2, COL: 1, VALUE: 0.0
ROW: 3, COL: 1, VALUE: 0.0
ROW: 4, COL: 1, VALUE: 0.0
ROW: 5, COL: 1, VALUE: 0.0
ROW: 6, COL: 1, VALUE: 0.0
ROW: 7, COL: 1, VALUE: 0.0
ROW: 8, COL: 1, VALUE: 0.0
ROW: 9, COL: 1, VALUE: 0.0
ROW: 10, COL: 1, VALUE: 0.0
DURING THE PERIODS SHOWN IN THE CHART FOR WORLDWIDE, THE HIGHEST
RETURN FOR A QUARTER WAS __% (QUARTER ENDING [CALENDAR QUARTER],
[YEAR]) AND THE LOWEST RETURN FOR A
QUARTER WAS __% (QUARTER ENDING [CALENDAR QUARTER], [YEAR]).

AVERAGE ANNUAL RETURNS

<TABLE>
<CAPTION>
<S> <C> <C> <C>
FOR THE PERIODS ENDED [DATE OF MOST RECENT CALENDAR QUARTER END] PAST 1 PAST 5 LIFE OF FUND
YEAR YEARS

WORLDWIDE % %[B] %A[,B,C]

MORGAN STANLEY CAPITAL INTERNATIONAL WORLD INDEX % % %A

LIPPER GLOBAL FUNDS AVERAGE % % N/A

</TABLE>

A FROM JANUARY 1, 1990.
[B PREVIOUSLY, THE FUND IMPOSED A SALES CHARGE. IF THIS SALES CHARGE
WERE TAKEN INTO ACCOUNT, TOTAL RETURNS WOULD HAVE BEEN LOWER.]
[C IF FMR HAD NOT REIMBURSED CERTAIN FUND EXPENSES DURING THESE
PERIODS, TOTAL RETURNS WOULD HAVE BEEN LOWER.]

Morgan Stanley Capital International World Index is a market
capitalization-weighted index that is designed to represent the
performance of developed stock markets throughout the world. As of
___________, the index included over ___ equity securities of
companies domiciled in ____ countries.
Lipper Global Funds Average reflects the performance (excluding sales
charges) of mutual funds with similar objectives.
Fee Table
The following table describes the fees and expenses that are incurred
when you buy, hold or sell shares of the fund. The annual fund
operating expenses provided below are [based on historical
expenses/higher than the expenses actually paid by the fund as the
result of [the payment or reduction of certain expenses]] during the
period.

SHAREHOLDER FEES (PAID BY THE INVESTOR)
SALES CHARGE (LOAD) ON PURCHASES NONE
AND REINVESTED DISTRIBUTIONS

DEFERRED SALES CHARGE (LOAD) ON REDEMPTIONS NONE

ANNUAL ACCOUNT MAINTENANCE FEE (FOR ACCOUNTS UNDER $2,500) $12.00

FUND OPERATING EXPENSES (PAID BY THE FUND)
MANAGEMENT FEE %

DISTRIBUTION (12B-1) FEE NONE

OTHER EXPENSES %

TOTAL ANNUAL FUND OPERATING EXPENSES %

[A portion of the brokerage commissions that the fund pays is used to
reduce the fund's expenses. In addition, the fund has entered into
arrangements with its custodian and transfer agent whereby credits
realized as a result of uninvested cash balances are used to reduce
custodian and transfer agent expenses. Including these reductions, the
total fund operating expenses would have been __% .]
This EXAMPLE helps you compare the cost of investing in the fund with
the cost of investing in other mutual funds.
Let's say, hypothetically, that the fund's annual return is 5% and
that your shareholder fees and the fund's annual operating expenses
are exactly as described in the fee table. This example illustrates
the effect of fees and expenses, but is not meant to suggest actual or
expected fees and expenses or returns, all of which may vary. For
every $10,000 you invested, here's how much you would pay in total
expenses if you close your account after the number of years
indicated:

1 YEAR $

3 YEARS $

5 YEARS $

10 YEARS $

Fund Management
Fidelity Management & Research Company (FMR) is the fund's manager.
As the manager, FMR is responsible for choosing the fund's investments
and handling its business affairs.
Affiliates assist FMR with foreign investments:
(small solid bullet) Fidelity Management & Research (U.K.) Inc. (FMR
U.K.) serves as a sub-adviser for the fund. [Currently, FMR U.K. is
primarily responsible for choosing investments for the fund../
Currently, FMR U.K. provides investment research and advice on issuers
based outside the United States and may also provide investment
advisory services for the fund.]
(small solid bullet) Fidelity Management & Research Far East Inc. (FMR
Far East) serves as a sub-adviser for the fund. [Currently, FMR Far
East is primarily responsible for choosing investments for the fund../
Currently, FMR Far East provides investment research and advice on
issuers based outside the United States and may also provide
investment advisory services for the fund.]
(small solid bullet) Fidelity International Investment Advisors (FIIA)
serves as a sub-adviser for the fund. [Currently, FIIA is primarily
responsible for choosing investments for the fund../Currently, FIIA
provides investment research and advice on issuers based outside the
United States and may also provide investment advisory services for
the fund.]
(small solid bullet) Fidelity International Investment Advisors (U.K.)
Limited (FIIA (U.K.) L) serves as a sub-adviser for the fund.
[Currently, FIIA (U.K.) L is primarily responsible for choosing
investments for the fund../Currently, FIIA (U.K.) L provides
investment research and advice on issuers based outside the United
States and may also provide investment advisory services for the
fund.]
(small solid bullet) Fidelity Investment Japan Ltd. (FIJ) serves as a
sub-adviser for the fund. [Currently, FIJ is primarily responsible for
choosing investments for the fund./Currently, FIJ provides investment
research and advice on issuers based outside the United States and may
also provide investment advisory services for the fund.]
Penny Dobkin is Vice President and manager of Worldwide, which she has
managed since May 1990. Previously, she managed other Fidelity funds.
Ms. Dobkin joined Fidelity in 1980.

Summary of Available Services
Fidelity provides a number of services to its shareholders. Among them
are:
(small solid bullet) 24 hour telephone assistance, 1-800-544-6666;
(small solid bullet) TDD - Service for the Deaf and Hearing-Impaired
(9:00 a.m. - 9:00 p.m. Eastern time), 1-800-544-0118;
(small solid bullet) Fidelity's Web site, www.fidelity.com;
(small solid bullet) TouchTone Xpress (an automated service for
obtaining account information by phone), 1-800-544-5555;
(small solid bullet) Over 75 walk-in Investor Centers nationwide;
(small solid bullet) Exchange privileges among Fidelity funds; and
(small solid bullet) Regular investment and withdrawal plans.
Fidelity, Fidelity Investments & (Pyramid) Design, and TouchTone
Xpress are registered trademarks of FMR Corp.
The third party marks appearing above are the marks of their
respective owners.

====================Front of Application======================
FIDELITY MUTUAL FUND (Fidelity Logo Graphic)
NEW ACCOUNT APPLICATION (registered trademark)
P.O. Box 5000
Cincinnati, OH 45273-8698

You may invest in the fund after reviewing the profile(s) or the
prospectus(es) for the fund(s).

For help with this application, or for an IRA, Keogh or Business
Account application, call us anytime at 1-800-544-8888.

If you are opening your account by an exchange from an existing
Fidelity account, call us at 1-800-544-7777.

1: PLEASE TELL US HOW WE SHOULD ESTABLISH YOUR ACCOUNT
______________________________________________________________
Account registration:
______________________________________________________________
__ Individual __ Joint Tenants - __ Custodial
Rights of (UGMA/UTMA)
Survivorship 1 Under the (state)
__ Tenants in Common 1 ____ Uniform
__ Community Property 1 Gifts/Transfer
to Minors Act
______________________________________________________________
/_/ Trust Accounts:
______________________________________________________________
Trustee(s) Name Trust Taxpayer
(first, MI, last): Identification Number:
______________________________________________________________
Name of Trust: for the benefit of: Date of Trust
(Month, day, year):
______________________________________________________________
Name:
______________________________________________________________
Account Owner/ Joint Owner/Custodian Name
Minor Name (first, MI, last): (first, MI, last):
______________________________________________________________
Address and Phone: /_/ Check here if this is
a new address.
______________________________________________________________
Street Address and City State Zip
Apartment or Box Number: 2
______________________________________________________________
Evening Phone (Home): Daytime Phone (Work):
( ) ( )
______________________________________________________________
1 If you are establishing a joint account and do not check a box, the
account will be registered as joint tenants with rights of
survivorship. Types of joint ownership are governed by the laws of
your state of residence. If you need more information about which are
appropriate in your state, please ask your state tax officials or
financial advisor.

2 If you have provided a P.O. Box, please include your residential
address with this application.

2: WE ARE REQUIRED TO REQUEST THE FOLLOWING INFORMATION
______________________________________________________________
Account Owner/Minor Joint Account Owner/
Custodian 1
______________________________________________________________
Social Security ___________________ ___________________
or taxpayer
identification number 1:
Date of Birth
(month/day/year) ______ _____ ______ _______ ____ ______
______________________________________________________________
Citizenship
Country of
citizenship: _U.S. _Other________ _U.S. _Other_______
Country of
tax residence: _U.S. _Other________ _U.S. _Other_______
______________________________________________________________
Occupation: We
are required by the
National Association
of Securities
Dealers (NASD) to
ask for this
information.
______________________________________________________________
Employer's Name
and Address:
______________________________________________________________
Affiliations: _I am affiliated _I am affiliated
with, or work for, with, or work for,
a member firm of a member firm of
the NASD the NASD
______________________________________________________________
1 The Social Security Number or taxpayer identification number for
account owner/minor is used for tax reporting purposes. (The
custodian's Social Security Number will be used to determine
eligibility for maintenance fee waivers.)

3: INVESTMENT INFORMATION
______________________________________________________________
Please make your check payable to the full name of the Fidelity fund
in which you are investing. Note that Fidelity cannot accept foreign
checks or Traveler's checks. Be sure to read the profile(s) or the
prospectus(es) for the fund(s) you choose before your initial
investment and, if you invest based on the profile, be sure to read
the prospectus(es) when [it/they] [is/are] sent to you.

Fund Name: Initial Investment Amount - Fund
minimums vary, see the profile or the
prospectus for additional details.
A.______________________ $____,________,________._______
B.______________________ $____,________,________._______
C.______________________ $____,________,________._______

Dividend & Capital Gain Distributions Check one box: (If no box is
checked, we will reinvest all distributions.)

_ Reinvest all dividends _ Pay all dividends _ Pay all
and capital gains in and capital gains dividends and
my account. directly to my capital gains
bank account via to me by check.
MoneyLine
(registered
trademark). Please
attach a voided
check.
______________________________________________________________
* Note that some funds may charge a sales load and/or a short-term
trading fee. In addition an annual Fidelity mutual fund maintenance
fee of $12 may be deducted from accounts with a balance of less than
$2,500. Minimum initial investments vary by fund. See your profile or
your prospectus for additional details.

====================Back of Application=======================

4: OPTIONAL ACCOUNT FEATURES
______________________________________________________________
Fidelity Automatic Account Builder (registered trademark)
This service lets you invest automatically (monthly or quarterly) from
your bank account to your Fidelity account. Change or cancel your plan
anytime with a phone call at least one business day before your
scheduled investment. (Automatic Account Builder normally becomes
active 20 days after your application is processed.)

To establish this feature, complete the information below and staple
to the left a voided check from your bank account. One common name
must appear on your Fidelity and bank accounts.

Assign Investment Amount Investment Frequency (month,
to Fund (Spartan minimum: (check one) day,
(from $500; Non-Spartan year)
Section minimum: $100)
3)
__A. $____,______.____ _Monthly _Quarterly beginning _____
__B. $____,______.____ _Monthly _Quarterly beginning _____
__C. $____,______.____ _Monthly _Quarterly beginning _____

Direct Deposit
This service lets you invest directly from your paycheck or your
Social Security check. The minimum investment is $100 per pay period.
To establish this feature, check the appropriate box below. We will
send you an authorization form to complete and give to your employer.

_My check is from the _My check is from someone other than
federal government. the federal government.

Transfers Between Your Bank & Fidelity
This electronic link with your bank account offers flexible access to
your money. Transfers occur only when you initiate them and may be
made through either Bank Wire or Fidelity MoneyLine (Registered
trademark). (See the prospectus for details and minimum amounts.
MoneyLine normally becomes active 20 days after your application is
processed.) Your bank may charge a fee. This feature is not available
with passbook savings accounts.

_ To establish this feature, check the box at left and staple a voided
check from your bank account. One common name must appear on your
Fidelity and bank accounts. [F3]

Telephone Redemptions & Exchanges
You automatically have the ability to make redemptions or exchanges by
telephone. Exchanges can be made only between Fidelity funds that have
the same account ownership. Each fund has rules on the number of
exchanges allowed each year. Some funds have administrative fees (of
up to $7.50) and trading fees (of up to 3.0% on exchanges. (See the
appropriate fund's prospectus for details.) The exchange privilege may
be terminated or modified by Fidelity in the future.

Checkwriting
_Please add this feature to my account. All owners must sign the
Signature Card for checkwriting and the section below at the end of
this application. For custodial accounts, only the custodian may sign
the Signature Card.

Checkwriting is an optional feature and is not available on all funds.
In addition there may be a charge for checkwriting. See prospectus for
details.
______________________________________________________________
STAPLE VOIDED CHECK HERE.
______________________________________________________________
5: SIGNATURE

Each owner must sign this section.
By signing this application, I certify that:
(bullet) I have received and read the profile or the prospectus for
the fund in which I am investing. [I understand that if I am investing
based on the profile, I will be sent a prospectus with my
confirmation.] I agree to the terms of the profile and the prospectus.
I have the authority and legal capacity to purchase mutual fund
shares, am of legal age and believe each investment is suitable for
me. It is my responsibility to read the prospectus of any fund into
which I exchange.
(bullet) I understand that all information provided in sections 1, 2,
4 and 5 will apply to any new fund into which my shares may be
exchanged.
(bullet) I understand that neither this fund nor Fidelity Distributors
Corporation is a bank, and fund shares are not backed or guaranteed by
any bank or insured by the FDIC.
(bullet) I ratify any instructions, including telephone instructions,
given on this account. I agree that neither the fund nor Fidelity
Service Company, Inc. will be liable for any loss, cost or expense for
acting upon any instructions if it follows reasonable procedures
designed to prevent unauthorized transactions. (If you do not want the
ability to redeem and exchange by telephone, call Fidelity for
instructions.) I consent to the use of recorded telephone
conversations.
(bullet) I understand that for joint tenant accounts "I" refers to all
account owners, and each of the account owners agrees that any account
owner has authority to act on the account without notice to the other
account owners. Fidelity Service Company, Inc. in its sole discretion,
and for its protection, may require the written consent of all account
owners prior to acting upon the instructions of any account owner.
(bullet) If I am a U.S. Citizen or Resident Alien, as I have indicated
above, I certify under penalties of perjury that (1) the Social
Security or taxpayer identification number provided above is correct
(or I am waiting for a number to be issued to me), and (2) I am not
subject to backup withholding because (a) I am exempt from backup
withholding, or (b) I have not been notified by the Internal Revenue
Service (IRS) that I am subject to backup withholding for failure to
report all dividend and interest income, or (c) I have been notified
by the IRS that I am no longer subject to backup withholding. (Please
cross out item 2 if it does not apply to you.)
(bullet) If I am a Non-Resident Alien, as I have indicated above, I
certify under penalties of perjury that I am not a U.S. Citizen or
Resident Alien, that the information entered above is correct, that if
a reduced rate of tax or exemption from tax applies, I have complied
with all requirements to qualify for the reduced tax, and I am an
exempt foreign person under IRS regulations.

The Internal Revenue Service does not require your consent to any
provision of this document other than the certifications required to
avoid backup withholding.

Signature of Owner Signature of Joint Owner
Date (month,day,year) Date (month,day,year)
X____________________________ X______________________________
For trusts, all trustees must sign. Only the custodian should sign the
application for custodial accounts.

Not authorized for distribution unless preceded or accompanied by a
current profile or prospectus.

61605.001 Fidelity distributors Corporation MFFK-APP-0998
1.706324.101

===================Front of Signature Card====================
SIGNATURE CARD FOR CHECKWRITING ________________________
Please do not detach this card.

Checkwriting is available only for money market funds and certain bond
funds. Checkwriting minimums vary and fees may apply. See prospectus
for more information.
Please sign within the boxes
below using BLACK BALLPOINT INK.
Please use a pen and print
clearly in CAPITAL LETTERS.

Owner's Name
(first,MI,last):
____________________________ X________________________________
Joint Owner's Name
(first,MI,last):
____________________________ X________________________________
__Check here if more than one
signature will be required
on checks. If this box is
not checked, only one
signature will be required
on checks. 8324100
==================Back of Signature Card======================
By signing this signature card on the reverse side, the signatory(ies)
agree(s) to be subject to the terms and conditions, guidelines, and
rules applicable to your account as now in effect and as amended from
time to time, of the fund(s) and of UMB Bank, n.a.. ("the Bank"), as
they pertain to the use of redemption checks; therefore, all
registered owners must sign this signature card. All checks will
require only one signature unless otherwise indicated on the face of
this card. Each signatory guarantees the genuineness of the other's
signature on this card.

The Bank is hereby appointed agent by the shareholders signing this
card and, as such agent, is directed to request redemption of shares
of such Fidelity fund(s) as designated by the shareholders from time
to time, and as recorded on Fidelity's records, upon receipt of, and
to the amount of, checks drawn upon this account(s). In so acting, the
Bank shall be liable only for its own negligence. Shareholders will be
subject the the Bank's rules, regulations and associated laws
governing check collection, including the Uniform Commercial Code as
enacted in the State of Missouri.

It is further agreed as follows:
1. All items, with exception of those drawn on Spartan (registered
trademark) money market funds, Fidelity Daily Income Trust ("FDIT"),
and Fidelity Municipal Money Market Fund, must be for a minimum of
$500 (or such other minimum amounts as may from time to time be
established upon prior written notice to the shareholders, including
the accounts of Spartan money market funds, FDIT and Fidelity
Municipal Money Market Fund), or they may be returned to shareholders
marked "Refer to Maker."
2 This card supersedes any card already on file for the same T Master
Account or fund or account number.
3. Refer to the fund prospectus for minimum check amounts and any
applicable fees.
4. You may obtain a copy of the "Statement of Terms and Conditions"
applicable to your account by calling Fidelity.