SUPPLEMENT TO FIDELITY'S TARGETED
INTERNATIONAL EQUITY FUNDS
DECEMBER 30, 1997 PROSPECTUS
The following information replaces similar information found in
"Performance" section on page P-21:
<TABLE>
<CAPTION>
<S> <C> <C>
FISCAL YEARS ENDED OCTOBER 31 AVERAGE ANNUAL TOTAL RETURNS CUMULATIVE TOTAL RETURNS
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
HONG KONG AND CHINA FUNDG -13.36% N/A 6.06% -13.36% N/A 12.48%
HONG KONG AND CHINA FUND (LOAD ADJ.A) -15.96% N/A 4.45% -15.96% N/A 9.11%
HANG SENG INDEX -12.53% N/A 7.26% -12.53% N/A 15.05%
</TABLE>
The following information replaces similar information found in
"Performance" section on page P-25:
YEAR-BY-YEAR TOTAL RETURNS
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CALENDAR YEARS 1996
HONG KONG AND CHINA FUND 40.99%
HANG SENG INDEX 37.50%
CONSUMER PRICE INDEX 3.32%
</TABLE>
The following information replaces similar information found in
"Performance" section on page P-28:
(small solid bullet) Southeast Asia Fund is compared to the Lipper
Pacific ex-Japan Funds Average, which reflects the performance of 76
funds investing in the Pacific region excluding Japan.
