SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(a)
OF THE SECURITIES EXCHANGE ACT OF 1934
Filed by the Registrant [X]
Filed by a Party other than the Registrant []
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Preliminary Additional Materials
[x ] Definitive Proxy Statement
[ x ] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Sec. 240.14a-11(e) or Sec. 240.14a-12
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement)
Payment of Filing Fee (Check the appropriate box):
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[X] $125 per Exchange Act Rules 0-11(c)(ii), 14a-6(j) (1), or 14a-6(j) (2).
[ ] $500 per each party to the controversy pursuant to Exchange Act Rule 14a-6(j) (3).
[ ] Fee computed on table below per Exchange Act Rules 14a-6(j) (4) and 0-11.
</TABLE>
(1) Title of each class of securities to which
transaction applies:
(2) Aggregate number of securities to which
transaction applies:
(3) Per unit price or other underlying value of transaction
computed pursuant to Exchange Act Rule 0-11:
(4) Proposed maximum aggregate value of transaction:
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[] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a) (2)
and identify the filing for which the offsetting fee was paid previously. Identify the
previous filing by registration statement number, or the Form or Schedule and the date of
its filing.
</TABLE>
(1) Amount Previously Paid:
(2) Form, Schedule or Registration Statement No.:
(3) Filing Party:
(4) Date Filed:
FIDELITY ADVISOR KOREA FUND, INC.
82 DEVONSHIRE STREET, BOSTON, MASSACHUSETTS 02109
1-800-426-5523
NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
To the Shareholders of FIDELITY ADVISOR KOREA FUND, INC.:
NOTICE IS HEREBY GIVEN that an Annual Meeting of Shareholders (the
Meeting) of Fidelity Advisor Korea Fund, Inc. (the "Fund") will be held at
the office of the Fund, 82 Devonshire Street, Boston, Massachusetts 02109
on June 14, 1995, at 10: 3 0 a.m. The purpose of the Meeting is to
consider and act upon the following proposals, and to transact such other
business as may properly come before the Meeting or any adjournments
thereof.
1. To elect two Class I Directors to serve for a term expiring on the date
on which the annual meeting of shareholders is held in 1998, or until their
successors are duly elected and qualified ; to elect two Class II
Directors to serve for a term expiring on the date on which the annual
meeting of shareholders is held in 1996, or until their successors are duly
elected and qualified; and to elect one Class III Director to serve for a
term expiring on the date on which the annual meeting of shareholders is
held in 1997, or until his or her successor is duly elected and
qualified.
2. To ratify the selection of Price Waterhouse LLP as independent
accountants of the Fund.
The Board of Directors has fixed the close of business on April 17, 1995
as the record date for the determination of the shareholders of the Fund
entitled to notice of, and to vote at, such Meeting and any adjournments
thereof.
By order of the Board of Directors
ARTHUR S. LORING, Secretary
April 25 , 1995
YOUR VOTE IS IMPORTANT -
PLEASE RETURN YOUR PROXY CARD PROMPTLY.
SHAREHOLDERS ARE INVITED TO ATTEND THE MEETING IN PERSON. ANY SHAREHOLDER
WHO DOES NOT EXPECT TO ATTEND THE MEETING IS URGED TO INDICATE VOTING
INSTRUCTIONS ON THE ENCLOSED PROXY CARD, DATE AND SIGN IT, AND RETURN IT IN
THE ENVELOPE PROVIDED, WHICH NEEDS NO POSTAGE IF MAILED IN THE UNITED
STATES. IN ORDER TO AVOID UNNECESSARY EXPENSE TO THE FUND, WE ASK YOUR
COOPERATION IN MAILING YOUR PROXY CARD PROMPTLY, NO MATTER HOW LARGE OR
SMALL YOUR HOLDINGS MAY BE.
INSTRUCTIONS FOR EXECUTING PROXY CARD
The following general rules for executing proxy cards may be of assistance
to you and help you avoid the time and expense to the Fund involved in
validating your vote if you fail to execute your proxy card properly.
1. INDIVIDUAL ACCOUNTS: Your name should be signed exactly as it appears
in the registration on the proxy card.
2. JOINT ACCOUNTS: Either party may sign, but the name of the party
signing should conform exactly to a name shown in the registration.
3. ALL OTHER ACCOUNTS should show the capacity of the individual signing.
This can be shown either in the form of the account registration itself or
by the individual executing the proxy card. For example:
REGISTRATION VALID
SIGNATURE
A. 1) ABC Corp. John Smith,
Treasurer
2) ABC Corp. John Smith,
Treasurer
c/o John Smith, Treasurer
B. 1) ABC Corp. Profit Sharing Plan Ann B. Collins,
Trustee
2) ABC Trust Ann B. Collins,
Trustee
3) Ann B. Collins, Trustee Ann B. Collins,
Trustee
u/t/d 12/28/78
C. 1) Anthony B. Craft, Cust. Anthony B. Craft
f/b/o Anthony B. Craft, Jr.
UGMA
PROXY STATEMENT
ANNUAL MEETING OF SHAREHOLDERS OF
FIDELITY ADVISOR KOREA FUND, INC.
TO BE HELD JUNE 14, 1995
This Proxy Statement is furnished in connection with a solicitation of
proxies made by, and on behalf of, the Board of Directors of Fidelity
Advisor Korea Fund, Inc. (the Fund) to be used at the Annual Meeting of
Shareholders of the Fund and at any adjournments thereof (the Meeting), to
be held June 14, 1995 at 10: 3 0 a.m. at 82 Devonshire Street, Boston,
Massachusetts 02109, the principal executive office of the Fund and
Fidelity Management & Research Company, the Fund's Investment Manager. The
purpose of the Meeting is set forth in the accompanying Notice. The
solicitation is made primarily by the mailing of this Proxy Statement and
the accompanying proxy card on or about April 25 , 1995.
Supplementary solicitations may be made by mail, telephone, telegraph, or
by personal interview by representatives of the Fund. In addition, D. F.
King Co., Inc. or any agent appointed by Boston Financial Data Services,
Inc. will assist the Fund in soliciting proxies for the meeting and will be
paid a fee of approximately $1,500 (or such other fee as determined
necessary and appropriate by the Fund) plus out-of-pocket expenses. The
expenses in connection with preparing this Proxy Statement and its
enclosures and of all solicitations will be paid by the Fund. The Fund will
reimburse brokerage firms and others for their reasonable expenses in
forwarding solicitation material to the beneficial owners of shares.
If the enclosed proxy card is executed and returned, it may nevertheless
be revoked at any time prior to its use by written notification received by
the Fund, by the execution of a later-dated proxy card, or by attending the
Meeting and voting in person. All proxy cards solicited by the Board of
Directors that are properly executed and received by the Secretary prior to
the Meeting, and which are not revoked, will be voted at the Meeting.
Shares represented by such proxies will be voted in accordance with the
instructions thereon. If no specification is made on a proxy card, it will
be voted FOR the matters specified on the proxy card. All proxies not
voted, including broker non-votes, will not be counted toward establishing
a quorum. Shareholders should note that while votes to ABSTAIN will count
toward establishing a quorum, passage of any proposal being considered at
the Meeting will occur only if a sufficient number of votes are cast FOR
the proposal. Accordingly, votes to ABSTAIN and votes AGAINST will have the
same effect in determining whether the proposal is approved.
If a quorum is present at the Meeting, but sufficient votes to approve one
or more of the proposed items are not received, or if other matters arise
requiring shareholder attention, the persons named as proxies may propose
one or more adjournments of the Meeting to permit further solicitation of
proxies. Any such adjournment will require the affirmative vote of a
majority of those shares present at the Meeting or represented by proxy.
When voting on a proposed adjournment, the persons named as proxies will
vote FOR the proposed adjournment all shares that they are entitled
to vote with respect to each item, unless directed to vote AGAINST the
item, in which case such shares will be voted against the proposed
adjournment with respect to that item. A shareholder vote may be taken on
one or more of the items in this Proxy Statement prior to such adjournment
if sufficient votes have been received and it is otherwise appropriate.
BY MAY 29, 1995, THE FUND WILL MAIL TO EACH SHAREHOLDER THE FUND'S
SEMI- ANNUAL REPORT FOR THE PERIOD ENDED MARCH 3 1 , 1995. AFTER
MAY 29, 1995, THE FUND WILL FURNISH, WITHOUT CHARGE, A COPY OF THIS
SEMI-ANNUAL REPORT TO ANY SHAREHOLDER REQUESTING SUCH REPORT. REQUESTS FOR
THE SEMI-ANNUAL REPORT SHOULD BE MADE BY WRITING TO FIDELITY ADVISOR
KOREA FUND, INC., 82 DEVONSHIRE STREET, BOSTON, MA 02109 , OR BY CALLING
1-800- 840-6333.
Fidelity International Investments Advisors (FIIA), with main offices
located at Pembroke Hall, 42 Crow Lane, Pembroke, Bermuda, and an office
located at Citibank Tower, 16th Floor, Three Garden Road, Central, Hong
Kong, is the Fund's Investment Adviser. The Sub- Investment
Adviser to the Fund is Fidelity Investments Japan Limited (FIJ), with
main offices located at Shiroyama JT Mori Building, 4-3-1 Toranomon,
Minato-ku, Tokyo 105, Japan.
There are 4,4 07,093 shares of the Fund 's common stock issued
and outstanding as of April 17, 1995 . Shareholders of record at the
close of business on April 17, 1995 will be entitled to vote at the
Meeting. Each such shareholder will be entitled to one vote for each
share held at the close of business on that date (and such shareholders
holding fractional shares, if any, shall have proportionate voting rights),
with no shares having cumulative voting rights. To the knowledge of
management, no person owned beneficially more than 5% of the Fund's
outstanding shares as of April 17, 1995.
VOTE REQUIRED: A MAJORITY OF ALL VOTES CAST AT THE MEETING IS
SUFFICIENT TO APPROVE PROPOSAL 1 AND TO APPROVE PROPOSAL 2 .
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PROPOSAL # PROPOSAL DESCRIPTION
1. To elect two Class I Directors to serve for a term
expiring on the date on which the annual meeting of
shareholders is held in 1998, or until their successors
are duly elected and qualified ; to elect two Class II
Directors to serve for a term expiring on the date on
which the annual meeting of shareholders is held in
1996, or until their successors are duly elected and
qualified; and to elect one Class III Director to serve for
a term expiring on the date on which the annual
meeting of shareholders is held in 1997, or until his or
her successor is duly elected and qualified.
2. To ratify the selection of Price Waterhouse LLP as
independent accountants of the Fund.
</TABLE>
1. TO ELECT A BOARD OF DIRECTORS.
Persons named in the accompanying form of proxy intend in the absence
of contrary instructions to vote all proxies for the election of the five
nominees listed below as Directors of the Fund, divided into three classes
as follows:
Class I Class II Class III
Edward C. Johnson 3d J. Gary Burkhead Helmert Frans van den Hoven
Bertram H. Witham, Jr. David L. Yunich
to serve for terms expiring on the date of subsequent annual shareholders
meetings as follows - Class I in 1998, Class II in 1996 and Class III in
1997 - or until their successor are duly elected and qualified. If any such
nominee should be unable to serve, an event that is not now anticipated,
the proxies will be voted for such person, if any, as shall be designated
by the Board of Directors to replace any such nominee.
The nominees named below are currently Directors of the
Fund, and have served in that capacity continuously since originally
elected . N one of the nominees are related to one another.
Those nominees indicated by an asterisk (*) are "interested persons" of the
Fund by virtue of, among other things, their affiliation with
the Fund , the Fund's Investment Manager, Investment Adviser
and Sub-Investment Adviser.
In the election of Directors, if the five nominees
receiv e a majority of the votes cast at the Meeting,
providing a quorum is present, they shall be elected.
<TABLE>
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Nominee (Age) + Principal Director
Occupation** Since
Class I
*Edward C. Chairman, Chief Executive Officer and a 1994
Johnson 3d
Director of FMR Corp.; Director and
(64) Chairman of the Board and of the
Executive Committee of FMR; Chairman
and a Director of FMR Texas Inc. (1989),
Fidelity Management & Research (U.K.)
Inc., and Fidelity Management &
Research (Far East) Inc.; Director or
Trustee and President of all other
registered management investment
companies advised by FMR; Chairman
of Fidelity International Limited;
Chairman of all Funds in the Fidelity
Group of International Funds.
Bertram H. Chairman and Director, Preferred 1994
Witham, Jr. Lodging System; Director, Bill Glass
( 7 6) Ministries; Trustee, Fidelity North
Carolina Capital Management Fund;
former Treasurer, IBM Co. (1973-1978);
Director of Fidelity Advisor Emerging
Asia Fund, Inc. (1994).
Class II
*J. Gary
President of FMR; and President and a 1994
Burkhead
Director of FMR Texas Inc. (1989),
(54) Fidelity Management & Research (U.K.)
Inc., and Fidelity Management &
Research (Far East) Inc.; Director or
Trustee and Senior Vice President of
all other registered management
investment companies managed by
FMR.
Nominee (Age) Principal
Director
Occupation** Since
David L. Yunich Consultant, W.R. Grace & Company 1994
(77) (1977-present); Director, New York
Racing Association (1977-present);
former Director, Prudential Insurance
Company of America (1955-1991);
Director, River Bank America
(1964-present); retiring Director, W.R.
Grace & Company (1977-1995); former
Director, NYNEX Corporation
(1970-1990); Trustee, Saratoga
Performing Arts Center, Boy Scouts of
America, and Carnegie Hall; former
President, Vice Chairman and Director,
R.H. Macy & Company (1955-1978),
Director of Fidelity Advisor Emerging Asia
Fund, Inc. (1994); Trustee, Fidelity
Investments Charitable Gift Fund (1992).
Class III
Helmert Frans
Former Member, Supervisory Board, 1994
van den Hoven
Royal Dutch Petroleum Company; former
(72) Chairman, Supervisory Board ABN/Amro
Bank (1992-1994) and of Unilever N.V.
(1975-1984); Member, Supervisory
Boards, Hunter Douglass and Vendex
International; Director of a number of other
funds in the Fidelity Group of International
Funds; Director of Fidelity Advisor
Emerging Asia Fund, Inc. (1994).
</TABLE>
_______________________
** Except as otherwise indicated, each individual has held the office shown
or other offices in the same company for the last five years.
+ B ased on statements furnished to the Fund by the nominees , no
current Director, each of whom is also a nominee, beneficially owns any
shares of the Fund.
If elected, each nominee will hold office in accordance with the Fund's
Bylaws and Articles of Incorporation , except that (a) any Director may
resign; and (b) any Director may be removed only with cause, provided,
however, such removal may be made only by the vote of three-fourths of the
shares of capital stock of the Fund outstanding and entitled to vote
thereupon, voting together, as a single class, at any Annual or Special
Meeting of Shareholders. In case a vacancy shall for any reason exist,
the remaining Directors will fill such vacancy by appointing another
Director, so long as, immediately after such appointment, at least
two-thirds of the Directors have been elected by shareholders. If, at any
time, less than a majority of the Directors holding office has been elected
by the shareholders, the Directors then in office will promptly call a
shareholders' meeting for the purpose of electing a Board of Directors.
The Fund's Board, which is currently composed of two interested and
three non-interested Directors, met four times during the twelve
months ended February 15, 1995. It is expected that the Directors will meet
at least four times a year at regularly scheduled meetings. Each
Director attended at least 75% of the aggregate number of Board meetings
and meetings of committees on which he served during the twelve months
ended February 15, 1995.
The Fund's Audit Committee is composed entirely of Directors who are not
interested persons of the Fund or of FMR or its affiliates and
normally meets twice a year, or as required, prior to meetings of
the Board of Directors. Currently, Messrs. van den Hoven, Witham and Yunich
are members of the Committee. This Committee oversees and monitors the
financial reporting process, including recommending to the Board the
independent accountants to be selected for the Fund (see Proposal 2),
reviewing internal controls and the auditing function (both internal and
external), reviewing the qualifications of key personnel performing audit
work, and overseeing compliance procedures. Since the commencement of
operations the Committee has held two meeting s .
The Fund's Board of Directors does not have a nominating committee or any
committee of the Board of Directors performing similar functions.
As a group, the non-interested Directors, in aggregate, received fees
and expenses of $37,578 from the Fund in their capacity as Directors for
the period from commencement of operations and ended March 31, 1995.
The following table sets forth information describing the estimated
compensation of each Director of the Fund now in office and if
re-elected , for his services as a Director for the fiscal
period end ing September 30, 1995.
Compensation Table+
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Name of Director Aggregate
Pension or
Estimated Total
Compens Retirement Annual Compensat
ation
Benefits Benefits ion from
from the
Accrued Upon the Fund
Fund* from the Retirement
Fund
from the Complex**
Complex** Fund
Complex**
Helmert Frans
$ $ 0 $ 0 $
van den Hoven 12,000 24,000
Bertram H.
12,000 0 0 50,904
Witham, Jr.
David L. Yunich 12,000 0 0 24,000
Edward C.
0 0 0 0
Johnson 3d ***
J. Gary
0 0 0 0
Burkhead ***
</TABLE>
_______________________
+ Estimated for the Fund's fiscal year ending September 30, 1995.
* Includes compensation paid to Directors by the Fund. The Fund's Directors
do not receive any pension or retirement benefits from the Fund as
compensation for their services as Directors of the Fund.
* * Including the Fund, there are 218 investment companies in the Fund
Complex. Messrs. Johnson and Burkhead are both Directors or Trustees of the
218 investment companies in the Fund Complex. Messrs. van den Hoven and
Yunich are Directors of two investment companies in the Fund Complex,
including the Fund. Mr. Witham is a Director or Trustee of three investment
companies in the Fund Complex, including the Fund. Under a retirement
program adopted in July 1988 by the open-end investment companies in the
Fund Complex (the "Open-End Funds"), Messrs. Witham and Yunich, upon
reaching age 72, became eligible to participate in a retirement program
under which they receive payments during their lifetime from a fund based
upon their basic trustees fees and length of service as trustee for the
Open-End Funds. During the year ended September 30, 1995, they each
received $50,000 in payments under that retirement program. The obligation
of the Open-End Funds to make such payments is not secured or funded.
*** Messrs. Johnson and Burkhead, who are "interested persons" of the Fund,
do not receive any compensation from the Fund or other investment
companies in the Fund Complex for their services as Directors or
Trustees, and are compensated by FMR.
EXECUTIVE OFFICERS OF THE FUND
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NAME (AGE) POSITION WITH PRINCIPAL OCCUPATIONS
FUND AND OTHER AFFILIATIONS
<S> <C> <C>
Edward C.
President See Director nominees table.
Johnson 3d
J. Gary Burkhead Senior Vice
See Director nominees table.
President
William Ebsworth
Vice President Chief Investment Officer,
(37) Fidelity Investments (Hong
Kong) (1991-present);
Director, Fidelity Investments
Management (Hong Kong)
Ltd.; Research Director,
Fidelity Investments (Tokyo
and Hong Kong) (1990-1991);
Fund Manager and Analyst,
Fidelity Investments (Boston
and Tokyo (1986-1990). Vice
President of Fidelity Advisor
Emerging Asia Fund, Inc.
Billy W. Wilder
Vice President Director of Research, Fidelity
(45) Management & Research (Far
East) (1992-present); Director
of Research and General
Manager, Schroder Securities
(Japan), Ltd. (1988-1992);
Senior Analyst, Schroder
Securities (Japan), Ltd.
(1986-1988); Manager,
Impedance Analysis
Equipment Marketing,
Yokogawa-Hewlett-Packard,
Ltd. (1979-1986).
Arthur S. Loring
Secretary Senior Vice President and
(47) General Counsel of FMR; Vice
President - Legal of FMR
Corp.; Vice President and
Clerk of Fidelity Distributors
Corporation; Secretary of all
other registered management
investment companies
managed by FMR.
Gary L. French
Treasurer Vice President, Fidelity
(43) Investments Institutional
Services Company (1995);
Treasurer of all other
registered management
investment companies
managed by FMR (1991);
Senior Vice President, Fund
Accounting, Fidelity
Accounting & Custody
Services Co. (1991); Vice
President, Fund Accounting,
Fidelity Accounting & Custody
Services Co. (1990); Senior
Vice President, Chief Financial
and Operations Officer,
Huntington Advisers, Inc.
(1985-1990).
Stuart E. Fross
Assistant An employee of FMR Corp.
(35) Secretary (1990); Associate, Dechert
Price & Rhoads (law firm)
(1987).
John Costello
Assistant Assistant Treasurer of all other
(48) Treasurer registered management
investment companies
managed by FMR and an
employee of FMR Co.
Leonard M. Rush
Assistant An employee of FMR Co.
(49) Treasurer
</TABLE>
2. TO RATIFY THE SELECTION OF PRICE WATERHOUSE LLP AS INDEPENDENT
ACCOUNTANTS OF THE FUND.
By a unanimous vote of the non-interested Directors, the firm of Price
Waterhouse LLP has been selected as independent accountants for the Fund to
sign or certify any financial statements of the Fund required by any law or
regulation to be certified by an independent accountant and filed with
the Securities and Exchange Commission or any state. Pursuant to the
Investment Company Act of 1940, such selection requires the ratification of
shareholders. Price Waterhouse LLP has advised the Fund that it has no
direct or material indirect ownership interest in the Fund.
The independent accountants examine annual financial statements for the
Fund and provide other audit and tax-related services. In recommending the
selection of the Fund's accountants, the Audit Committee reviewed the
nature and scope of the services to be provided (including non-audit
services) and whether the performance of such services would affect the
accountants' independence. Representatives of Price Waterhouse LLP are not
expected to be present at the Meeting, but have been given the opportunity
to make a statement if they so desire and will be available should any
matter arise requiring their presence.
OTHER BUSINESS
The Board knows of no other business to be brought before the Meeting.
However, if any other matters properly come before the Meeting, it is the
intention that proxies that do not contain specific instructions to the
contrary will be voted on such matters in accordance with the judgement of
the persons therein designated.
SHAREHOLDER PROPOSALS
Shareholders wishing to submit proposals for inclusion in a proxy
statement for a subsequent shareholder meeting should send their written
proposals by December 27, 1995 to the Secretary, 82 Devonshire
Street, Boston, Massachusetts 02109.
By Order of the Board of Directors,
Arthur S. Loring, Secretary
EKF-PXS-495 CUSIP #315804104
Vote this proxy card TODAY! Your prompt response will
save Fidelity Advisor Korea Fund the expense of additional mailings.
Return the proxy card in the enclosed envelope or mail to:
FIDELITY INVESTMENTS
Proxy Department
P.O. Box 9107
Hingham, MA 02043-9848
PLEASE DETACH AT PERFORATION BEFORE MAILING.
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- --------------------
FIDELITY ADVISOR KOREA FUND
PROXY SOLICITED BY THE DIRECTORS
The undersigned, revoking previous proxies, hereby appoint(s) Edward C.
Johnson 3d and Arthur S. Loring, or any one or more of them, attorneys,
with full power of substitution, to vote all shares of Fidelity Advisor
Korea Fund which the undersigned is entitled to vote at the Special Meeting
of Shareholders of the Fund to be held at the office of the fund at 82
Devonshire St., Boston, MA 02109, on June 14, 1995 at 10:30 a.m. and at any
adjournments thereof. All powers may be exercised by a majority of said
proxy holders or substitutes voting or acting or, if only one votes and
acts, then by that one. This Proxy shall be voted on the proposals
described in the Proxy Statement as specified on the reverse side. Receipt
of the Notice of the Meeting and the accompanying Proxy Statement is hereby
acknowledged.
NOTE: Please sign this Proxy exactly as your name appears on the books of
the Fund. Joint owners should each sign personally. Trustees and other
fiduciaries should indicate the capacity in which they sign, and where more
than one name appears, a majority must sign. If a corporation, this
signature should be that of an authorized officer who should state his or
her title.
HAS YOUR ADDRESS CHANGED DO YOU HAVE COMMENTS_____________
_______________________________________
_______________________________________
Signature(s) (Title(s), if applicable)
PLEASE VOTE AND SIGN AND RETURN
PROMPTLY IN ENCLOSED ENVELOPE
cusip # 315804104/fund# 603
Please refer to the Proxy Statement discussion of each of these matters.
IF NO SPECIFICATION IS MADE, THE PROXY SHALL BE VOTED FOR THE PROPOSALS.
As to any other matter, said attorneys shall vote in accordance with their
best judgment.
THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR EACH OF THE FOLLOWING:
- --------------------------------------------------------------------------
- --------------------
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
1. To elect Edward C. Johnson 3d and Bertram H. [ ] FOR [ ] WITH [ ] FOR ALL 1.
Witham, Jr. as Class I Directors; to elect J. Gary HOLD EXCEPT
Burkhead and David L. Yunich as Class II Directors;
and to elect Helmert Frans van den Hoven as Class
III Director. (INSTRUCTION: TO WITHHOLD AUTHORITY
TO VOTE FOR ANY INDIVIDUAL NOMINEE(S), MARK THE "
FOR ALL EXCEPT" BOX AND STRIKE A LINE THROUGH THE
NOMINEE(S) NAME)
</TABLE>
__________________________________________________________________________
___________________
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
2. To ratify the selection of Price Waterhouse LLP as FOR [ ] AGAINST [ ] ABSTAIN [ ] 2.
independent accountants of the Fund.
</TABLE>
I.FAK-PXC-495 cusip # 315804104/fund# 603
Vote this proxy card TODAY! Your prompt response will
save Fidelity Advisor Korea Fund the expense of additional mailings.
Return the proxy card in the enclosed envelope or mail to:
FIDELITY INVESTMENTS
Proxy Department
P.O. Box 9107
Hingham, MA 02043-9848
PLEASE DETACH AT PERFORATION BEFORE MAILING.
- --------------------------------------------------------------------------
- --------------------
FIDELITY ADVISOR KOREA FUND
PROXY SOLICITED BY THE DIRECTORS
The undersigned, revoking previous proxies, hereby appoint(s) Edward C.
Johnson 3d and Arthur S. Loring, or either of them, proxies of the
undersigned, with full power of substitution, to vote all shares of
Fidelity Advisor Korea Fund as indicated above which the undersigned is
entitled to vote at the Special Meeting of Shareholders of the Fund to be
held at the office of the Fund at 82 Devonshire St., Boston, MA 02109, on
June 14, 1995 at 10:30 a.m. and at any adjournments thereof. All powers
may be exercised by a majority of said proxy holders or substitutes voting
or acting or, if only one votes and acts, then by that one. This Proxy
shall be voted on the proposals described in the Proxy Statement as
specified on the reverse side. Receipt of the Notice of the Meeting and
the accompanying Proxy Statement is hereby acknowledged.
NOTE: Please sign this Proxy exactly as your name appears on the books of
the Fund. Joint owners should each sign personally. Trustees and other
fiduciaries should indicate the capacity in which they sign, and where more
than one name appears, a majority must sign. If a corporation, this
signature should be that of an authorized officer who should state his or
her title.
HAS YOUR ADDRESSED CHANGED DO YOU HAVE ANY SPECIFIC COMMENTS
_______________________________________
_______________________________________
PLEASE VOTE AND SIGN AND RETURN
PROMPTLY IN ENCLOSED ENVELOPE
603 HH
Please refer to the Proxy Statement discussion of each of these matters.
IF NO SPECIFICATION IS MADE, THE PROXY SHALL BE VOTED FOR THE PROPOSALS.
As to any other matter, said attorneys shall vote in accordance with their
best judgment.
THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR EACH OF THE FOLLOWING:
- --------------------------------------------------------------------------
- --------------------
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
1. To elect Edward C. Johnson 3d and Bertram H. [ ]FOR [ ]WITH [ ] FOR ALL 1.
Witham, Jr. as Class I Directors; to elect J. Gary HOLD EXCEPT
Burkhead and David L Yunich as Class II Directors;
and to elect Helmert Frans van den Hoven as Class
III Director. (INSTRUCTION: TO WITHHOLD AUTHORITY
TO VOTE FOR ANY INDIVIDUAL NOMINEE(S), MARK THE
"FOR ALL EXCEPT" BOX AND STRIKE A LINE THROUGH
THE NOMINEE(S) NAME
</TABLE>
__________________________________________________________________________
___________________
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
2. To ratify the selection of Price Waterhouse LLP as FOR [ ] AGAINST [ ] ABSTAIN [ ] 2.
independent accountants of the Fund.
</TABLE>
I.FAK-PXC-495 cusip #315804104
fund #603 H
IMPORTANT PROXY MATERIALS...
PLEASE CAST YOUR VOTE NOW!
Dear Fidelity Advisor Funds Shareholder:
In June, we are holding an annual shareholder meeting for the following
Fidelity Advisor Funds:
(small solid bullet) Fidelity Advisor Emerging Asia Fund, Inc.
(small solid bullet) Fidelity Advisor Korea Fund, Inc.
THIS PACKAGE CONTAINS A SEPARATE VOTING CARD FOR EACH FUND YOU OWN. IF
THERE IS MORE THAN ONE CARD IN YOUR PACKAGE, IT IS IMPORTANT THAT YOU VOTE
EACH CARD.
The matters to be discussed are important, and directly affect your
investment. As a shareholder, you cast one vote for each share and
fractional votes for fractional shares of each fund you own. You may think
your vote is insignificant, but every vote is extremely important. We must
continue sending requests to vote until a majority of the shares are voted
prior to the meeting. Additional meetings are expensive, and these costs
are charged directly to the funds.
These proposals have been carefully considered by the funds' Board of
Directors, which is responsible for protecting your interests as a
shareholder. THE BOARD OF DIRECTORS BELIEVES THESE PROPOSALS ARE FAIR AND
REASONABLE, AND RECOMMENDS THAT YOU APPROVE THEM. If you have any
questions about any of the proposals, please do not hesitate to contact
your investment professional immediately.
In the months ahead, you may receive mailings similar to this if you own
other Fidelity Advisor Funds. These will be separate proxies, and, like
this one, will require your prompt attention. Remember, this is your
opportunity to voice your opinion on matters affecting your funds. YOUR
PARTICIPATION IS EXTREMELY IMPORTANT NO MATTER HOW MANY OR HOW FEW SHARES
YOU OWN.
Thank you. We appreciate your prompt attention.
Sincerely,
Paul J. Hondros
President
I.PXYVI-CE1ST-0495
