SUPPLEMENT TO FIDELITY'S TARGETED INTERNATIONAL EQUITY FUNDS
DECEMBER 30, 1998 PROSPECTUS
The following information replaces similar information for Nordic Fund
found in the "Investment Details" section on page P-23:
Because the fund is considered non-diversified, FMR may invest a
significant percentage of the fund's assets in a single issuer. For
example, as of December 31, 1998, approximately 21% of the fund's
assets was invested in Nokia Corporation. At that date, Nokia
represented approximately 17% of the total capitalization of the
Nordic market, as represented by the FT-Actuaries World Nordic Index.
The following information replaces similar information found in the
"Investment Details" section on page P-25:
The NORDIC economies are dependent on the export of natural resources
and natural resource products. Efforts to comply with the EMU
restrictions by Finland, Denmark and Sweden have resulted in reduced
government spending and higher unemployment. Norway has elected not to
join the EU and the EMU and, as a result, has more flexibility to
pursue different fiscal and economic goals. In addition a small number
of companies and industries represent a large portion of the market in
each of Denmark, Finland, Norway and Sweden.
