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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
Fidelity Advisor Korea Fund, Inc.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
31580410
(CUSIP Number)
Pierre de Saint Phalle, Esq., Davis Polk & Wardwell
450 Lexington Avenue, New York, New York 10017, Tel. No.: (212) 450-4525
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
October 4, 1996
(Date of Event which Requires Filing of
this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the
following[ ].
Check the following box if a fee is being paid with this statement: [ ]. (A
fee is not require only if the reporting person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of he class
of securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are
to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for ant subsequent amendment containing information which alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act f 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
SCHEDULE 13D
______________________________ ________________________________
| | | |
|CUSIP No. 31580410 | | Page 2 of 12 Pages |
|____________________________| |______________________________|
___________________________________________________________________________
| 1 | NAME OF REPORTING PERSONS |
| | S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS |
| | |
| |Gartmore Investment Limited |
| |IRS Identification No.: None - Foreign Company_____________________ |
|____|____________________________________________________________________|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
| | _ |
| | (a) |_| |
| | _ |
| | (b) |_| |
| | |
|____|____________________________________________________________________|
| 3 | SEC USE ONLY |
| | |
|____|____________________________________________________________________|
| 4 | SOURCE OF FUNDS* |
| | Not applicable |
|____|____________________________________________________________________|
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED _ |
| | PURSUANT TO ITEMS 2(d) or 2(E) |_| |
| | |
|____|____________________________________________________________________|
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | United Kingdom |
|____|____________________________________________________________________|
| | 7 | SOLE VOTING POWER |
| | | 130,000 |
| NUMBER OF |____|_______________________________________________|
| SHARES | 8 | SHARED VOTING POWER |
| BENEFICIALLY | | 0 |
| OWNED BY |____|_______________________________________________|
| EACH | 9 | SOLE DISPOSITIVE POWER |
| REPORTING | | 130,000 |
| PERSON |____|_______________________________________________|
| WITH | 10 | SHARED DISPOSITIVE POWER |
| | | |
|____________________|____|_______________________________________________|
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | 250,000 |
|____|____________________________________________________________________|
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES _ |
| | CERTAIN SHARES* |_| |
|____|____________________________________________________________________|
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
| | 2.9% |
|____|____________________________________________________________________|
| 14 | TYPE OF REPORTING PERSON* |
| | IA |
|____|____________________________________________________________________|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1746 (9-88)
SCHEDULE 13D
______________________________ ________________________________
| | | |
|CUSIP No. 31580410 | | Page 3 of 12 Pages |
|____________________________| |______________________________|
___________________________________________________________________________
| 1 | NAME OF REPORTING PERSONS |
| | S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS |
| | |
| |English & Scottish Investors plc |
| |IRS Identification No.: None - Foreign Company_____________________ |
|____|____________________________________________________________________|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
| | _ |
| | (a) |_| |
| | _ |
| | (b) |_| |
| | |
|____|____________________________________________________________________|
| 3 | SEC USE ONLY |
| | |
|____|____________________________________________________________________|
| 4 | SOURCE OF FUNDS* |
| | PF |
|____|____________________________________________________________________|
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED _ |
| | PURSUANT TO ITEMS 2(d) or 2(E) |_| |
| | |
|____|____________________________________________________________________|
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | England |
|____|____________________________________________________________________|
| | 7 | SOLE VOTING POWER |
| | | 130,000 |
| NUMBER OF |____|_______________________________________________|
| SHARES | 8 | SHARED VOTING POWER |
| BENEFICIALLY | | 0 |
| OWNED BY |____|_______________________________________________|
| EACH | 9 | SOLE DISPOSITIVE POWER |
| REPORTING | | 130,000 |
| PERSON |____|_______________________________________________|
| WITH | 10 | SHARED DISPOSITIVE POWER |
| | | |
|____________________|____|_______________________________________________|
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | 250,000 |
|____|____________________________________________________________________|
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES _ |
| | CERTAIN SHARES* |_| |
|____|____________________________________________________________________|
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
| | 2.9% |
|____|____________________________________________________________________|
| 14 | TYPE OF REPORTING PERSON* |
| | IV |
|____|____________________________________________________________________|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1746 (9-88)
Item 1. Security and Issuer.
This statement relates to shares of Common Stock, (the "Common
Stock"), of Fidelity Advisor Korea Fund, Inc., a Maryland corporation (the
"Issuer"). The principal executive offices of the Issuer are located at 82
Devonshire Street, Boston, Massachusetts 02109.
Item 2. Identity and Background.
This statement is being filed by Gartmore Investment Limited
("GIL") and English & Scottish Investors plc ("E&S"). GIL and E&S are
hereinafter sometimes called the "Reporting Persons". The shares covered by
this Schedule 13D are beneficially owned by E&S; GIL acts as investment
adviser to E&S.
(i) GIL. GIL is organized under the laws of England. Its
principal place of business is located at Gartmore House, P.O. Box 65, 16-
18 Monument Street, London EC3R 8QQ England. GIL is an investment advisor,
which, together with its subsidiaries, provides investment advice and
management services to certain non-U.S. investment funds and trusts.
The name, business address, present principal occupation or
employment, and citizenship of each executive officer and director of GIL are
as follows:
Roger Bartley, Director; address: c/o GIL, Gartmore House,
16-18 Monument Street, London E3CR 8QQ England; principal occupation:
executive director of GIL; citizenship: British.
Michael John Bishop, Director; address: c/o GIL, Gartmore
House, P.O. Box 65, 16-18 Monument Street, London EC3R 8QQ England; principal
occupation: executive director of GIL; citizenship: British.
Andrew Jonathan Brown, Director; address: c/o GIL, Gartmore
House, P.O. Box 65, 16-18 Monument Street, London EC3R 8QQ England; principal
occupation: executive director of GIL; citizenship: British.
Andrew Fleming, Director; address: c/o GIL, Gartmore House,
16-18 Monument Street, London E3CR 8QQ England; principal occupation:
executive director of GIL; citizenship: British.
Nicholas Henderson, Director; address: c/o GIL, Gartmore House,
16-18 Monument Street, London E3CR 8QQ England; principal occupation:
executive director of GIL; citizenship: British.
Helen Marsden, Director; address: c/o GIL, Gartmore House,
16-18 Monument Street, London E3CR 8QQ England; principal occupation:
executive director of GIL; citizenship: British.
Lewis John McNaught, Director; address: c/o GIL, Gartmore
House, P.O. Box 65, 16-18 Monument Street, London EC3R 8QQ England; principal
occupation: executive director of GIL; citizenship: British.
Paul Myners, Chairman; address: c/o GIL, Gartmore House, P.O.
Box 65, 16-18 Monument Street, London EC3R 8QQ England; principal occupation:
executive director of GIL; citizenship: British.
Sally Tennant, Director; address: c/o GIL, Gartmore House,
16-18 Monument Street, London E3CR 8QQ England; principal occupation:
executive director of GIL; citizenship: British.
David Walter Watts, Director; address: c/o GIL, Gartmore House,
P.O. Box 65, 16-18 Monument Street, London EC3R 8QQ England; principal
occupation: executive director of GIL; citizenship: British.
Thomas Jeremy Willoughby, Secretary and Director; address: c/o
GIL, Gartmore House, P.O. Box 65, 16-18 Monument Street, London EC3R 8QQ
England; principal occupation: executive director of GIL; citizenship: British.
GIL declares that the filing of this statement shall not be
construed as our admission that GIL is, for the purposes of Section 13(d) of
the Act, the beneficial owner of any securities covered by this Schedule 13D.
(ii) E&S. E&S is a unit trust organized as a corporation under
the laws of England. Its principal place of business is Gartmore House, 16-18
Monument Street, London EC3R 8QQ England.
The name, business address, present principal occupation or
employment, and citizenship of each executive officer and director of E&S are
as follows:
Peter N. Buckley; address: 6 Albert Place, London W8 5PD
England; principal occupation: company director; citizenship: British.
The Honorable George Edward Adeane; address: B4 Albany,
Piccadilly, London W1V 9RE England; principal occupation: company director;
citizenship: British.
Roderick D. Kent; address: Wolverton Cottage, Wolverton,
Basingstoke, Hampshire RG26 5SX, England; principal occupation: company
director; citizenship: British.
Paul Myners; addres: 16 Walton Street, London SW3 1RE,
England; principal occupation: chairman, GIL; citizenship: British.
The Right Honorable Lord George Merrick; address: The Manor
House, Great Durnford, Salisbury, Wiltshire SP4 6BB, England; principal
occupation: company director; citizenship: British.
Michael Gerald Wyatt; address: Pippin Park, Lidgate, Newmarket,
Suffolk CB8 9PP England; principal occupation: company director; citizenship:
British.
GIL declares that the filing of this statement shall not be
construed as our admission that GIL is, for the purposes of Section 13(d) of
the Act, the beneficial owner of any securities covered by this Schedule 13D.
(iii) During the last five years, neither GIL, nor to its
knowledge, any of the persons listed on Item 2 has been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors) or
has been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject to
a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
E&S sold 120,000 shares of Common Stock (the "Shares") at
$10.275-10.6292 per Share for proceeds of $1,260,418.68.
Item 4. Purpose of Transaction.
Neither the Reporting Persons nor any person named in Item 2
of this statement has any plan or proposal which relates to or would result
in any of the transactions described in subparagraphs (a) through (j) of
Schedule 13D Item 4.
Item 5. Interest in Securities of the Issuer.
There is set forth below a listing of all shares owned by the
Reporting Person and, in each case, the nature of their beneficial ownership:
E&S 130,000 Shares (2.9%)
The Shares may be deemed beneficially owned by both E&S and
GIL, although GIL disclaims such beneficial ownership. GIL has the sole power
to vote and to dispose of Shares owned by E&S.
E&S sold 4,100 Shares at $10.5488 each ($43,250) on
September 30, 1996, 15,000 Shares at $10.345 each ($155,175) on October 1,
1996, 1,200 Shares at $10.375 each ($12,450) on October 2, 1996, 10,000
Shares at $10.275 each ($102,750) on October 3, 1996, 33,000 Shares at
$10.4845 each ($345,989) on October 4, 1996, 12,000 Shares at $10.4792 each
($127,504) on October 7, 1996, 8,800 Shares at $10.429 each ($91,775) on
October 8, 1996, 20,900 Shares at $10.6292 each ($222,150) on October 10,
1996 and 15,000 Shares at $10.625 each ($159,375) on October 11, 1996.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
To the knowledge of the reporting person, there are no
contracts, arrangements, understandings or relationships (legal or otherwise)
among the persons in Item 2 or between such persons and any other person with
respect to any securities of the Issuer, including, but not limited to,
transfer or voting of any securities, finder's fees, joint ventures, loan or
option arrangements, puts or calls, guarantees of profits, division of profits
or losses, or the giving or withholding or proxies.
Item 7. Material to be Filed as Exhibits.
None.
SIGNATURES
After reasonable inquiry and to the best knowledge and belief
of the undersigned, the undersigned certifies that the information set forth
in this statement is true, complete and correct.
Date: October 16, 1996
Signature: English & Scottish Investors plc
By:_________________________
Name/Title: Kenneth H. Chase
Attorney-in-Fact
SIGNATURES
After reasonable inquiry and to the best knowledge and belief
of the undersigned, the undersigned certifies that the information set forth
in this statement is true, complete and correct.
Date: October 16, 1996
Signature: Gartmore Investment Limited
By:_________________________
Name/Title: Kenneth H. Chase
Attorney-in-Fact
