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:
Fidelity Advisor Korea Fund, Inc.
Payment of Filing Fee (Check the appropriate box):
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[X] $125 per Exchange Act Rules 0-11(c)(1)(ii), 14a-6(i) (1), 14a-6(i) (2) or Item 22(a)(2) of Schedule 14A
[ ] $500 per each party to the controversy pursuant to Exchange Act Rule 14a-6(i) (3).
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i) (4) and 0-11.
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(1) Title of each class of securities to which
transaction applies: common stock
(2) Aggregate number of securities to which
transaction applies: 4,407,093
(3) Per unit price or other underlying value of transaction
computed pursuant to Exchange Act Rule 0-11: N/A
(4) Proposed maximum aggregate value of transaction: N/A
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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.
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(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 19, 1996, at 9:30 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 II Directors to serve for a term expiring on the
date on which the annual meeting of shareholders is held in 1999, or until
their successors are 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 22, 1996
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 29, 1996
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 19, 1996
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 19, 1996 at 9:30 a.m. at 82 Devonshire Street, Boston,
Massachusetts 02109, the principal executive office of the Fund and
Fidelity Management & Research Company (FMR), 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 29, 1996.
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 EquiServ Limited
Partnership 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 not present at the Meeting, or 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.
THE FUND WILL FURNISH, WITHOUT CHARGE, A COPY OF ITS SEPTEMBER 30, 1995
ANNUAL REPORT TO ANY SHAREHOLDER REQUESTING SUCH REPORT. BY MAY 29, 1996,
THE FUND WILL MAIL TO EACH SHAREHOLDER THE FUND'S SEMI-ANNUAL REPORT FOR
THE PERIOD ENDED MARCH 31, 1996. AFTER MAY 29, 1996, THE FUND WILL FURNISH,
WITHOUT CHARGE, A COPY OF THIS SEMI-ANNUAL REPORT TO ANY SHAREHOLDER
REQUESTING SUCH REPORT. REQUESTS FOR THE ANNUAL REPORT AND THE SEMI-ANNUAL
REPORT SHOULD BE MADE BY WRITING TO FIDELITY ADVISOR KOREA FUND, INC., 82
DEVONSHIRE STREET, BOSTON, MA 02109, OR BY CALLING 1-800-345-5033.
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 were 4,407,093 shares of the Fund's common stock issued and
outstanding as of April 22, 1996. Shareholders of record at the close of
business on April 22, 1996 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. The Fund has received information that, as
of March 22, 1996, a Japanese institutional investor was the beneficial
owner of 439,900 shares of the Fund, which would constitute 9.98% of the
4,407,093 issued and outstanding shares of the Fund. To date, management of
the Fund has been unable to confirm this information.
VOTE REQUIRED: A MAJORITY OF ALL VOTES CAST AT THE MEETING IS SUFFICIENT TO
APPROVE PROPOSAL 1 AND TO APPROVE PROPOSAL 2.
PROPOSAL # PROPOSAL DESCRIPTION
1. 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 1999, or until their successors
are duly elected and qualified.
2. To ratify the selection of Price Waterhouse LLP as
independent accountants of the Fund.
1. TO ELECT 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 two
nominees listed below as Class II Directors of the Fund:
J. Gary Burkhead
David L. Yunich
to serve for terms expiring on the date of the annual meeting of
shareholders in 1999, or until their successors are duly elected and
qualified. If either 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 such nominee.
The nominees named below are currently Directors of the Fund, and have
served in that capacity continuously since originally elected. None of the
nominees are related to one another. In the tables that follow, those
nominees and directors 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 two nominees receive a majority of
the votes cast at the Meeting, providing a quorum is present, they shall be
elected.
Nominees (Age)+ Principal Occupation** Director
Since
Class II
*J. Gary President of FMR; and President and a 1994
Burkhead Director of FMR Texas, Inc., Fidelity
(55) 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; Director,
Fidelity Advisor World Funds (1995).
David L. Yunich Former consultant, W.R. Grace & 1994
(78) Company (1977-1995); former Director,
New York Racing Association
(1977-1995); former Director, Prudential
Insurance Company of America
(1955-1991); Director, River Bank
America (1964-present); former 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); Director, Fidelity Advisor
World Funds (1995); Trustee, Fidelity
Investments Charitable Gift Fund (1992).
_______________________
** Except as otherwise indicated, each individual has held the office shown
or other offices in the same company for the last five years.
+ Based 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
September 30, 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 September 30,
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. Helmert Frans van den Hoven, Bertram H.
Witham, Jr. and David L. 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.
During the twelve months ended September 30, 1995, the Committee held two
meetings.
The Fund's Board of Directors does not have a nominating committee,
compensation 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 $55,318 from the Fund in their capacity as Directors for the
Fund's fiscal year ended September 30, 1995.
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Current Principal Occupation** Directo
Directors of the r Since
Fund
Name (Age)+
*Edward C. Chairman, Chief Executive Officer and a 1994
Johnson 3d Director of FMR Corp.; Director and Chairman
(65) of the Board and of the Executive Committee
of FMR; Chairman and a Director of FMR
Texas, Inc., 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 and of Fidelity
Advisor World Funds (1995-present).
Bertram H. Chairman and Director, Preferred Lodging 1994
Witham, Jr. System; Director, Bill Glass Ministries; Trustee,
(77) Fidelity North Carolina Capital Management
Fund; former Treasurer, IBM Co. (1973-1978);
Director of Fidelity Advisor Emerging Asia Fund,
Inc. (1994-present) and of Fidelity Advisor
World Funds (1995-present).
*J. Gary See Director nominees table. 1994
Burkhead
(55)
David L. See Director nominees table. 1994
Yunich
(78)
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Helmert Frans Former Member, Supervisory Board, Royal 1994
van den Hoven Dutch Petroleum Company; former Chairman,
(73) 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-present) and of Fidelity Advisor World
Funds (1995-present).
_______________________
** Except as otherwise indicated, each individual has held the office shown
or other offices in the same company for the last five years.
+ Based on statements furnished to the Fund by each Director, no current
Director beneficially owns any shares of the Fund.
The following table sets forth information describing the compensation of
each Director of the Fund for his services as a Director for the fiscal
year ending September 30, 1995.
Compensation Table
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 17,333 29,333
Bertram H. 17,333 0 0 56,455
Witham, Jr.
David L. Yunich 17,333 0 0 29,333
Edward C. 0 0 0 0
Johnson 3d ***
J. Gary 0 0 0 0
Burkhead ***
_______________________
* 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, as of February 29, 1996, there were 230 investment
companies in the Fund Complex. Messrs. Johnson and Burkhead are both
Directors or Trustees of 228 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 four 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
NAME POSITION WITH FUND PRINCIPAL OCCUPATION AND
(AGE) (BEGINNING IN) OTHER AFFILIATIONS**
Edward C. Director and See Current Directors of the Fund
Johnson President table.
3d (1994)
(65)
J. Gary Director and Senior See Director nominees table.
Burkhead Vice President
(55) (1994)
William R. Vice President (1994) Chief Investment Officer, Fidelity
Ebsworth and Fund Investments (Hong Kong) (1991);
(38) Co-Manager (1995) 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. Vice President President, Fidelity Investments
Wilder (1994) (Japan) Limited (1995); Director of
(46) Research, Fidelity Management &
Research (Far East) (1992-1995);
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. Secretary Senior Vice President and General
Loring (1994) Counsel of FMR; Vice President -
(48) Legal of FMR Corp.; Vice
President and Clerk of Fidelity
Distributors Corporation; Secretary
of all other registered management
investment companies managed by
FMR.
Kenneth Treasurer Treasurer of all other registered
A. (1995) management investment
Rathgeber companies managed by FMR and
(48) an employee of FMR (1995); Vice
President, Goldman Sachs & Co.
(1978-1995), including Vice
President of Proprietary
Accounting (1988-1992), Global
Co-Controller (1992-1994) and
Chief Operations Officer of
Goldman Sachs (Asia) LLC
(1994-1995).
Stuart E. Assistant Secretary An employee of FMR Corp. (1990).
Fross (1994)
(36)
John H. Assistant Treasurer Assistant Treasurer of all other
Costello (1994) registered management investment
(49) companies managed by FMR and
an employee of FMR.
Leonard Assistant Treasurer An employee of FMR.
M. Rush (1994)
(50)
_______________________
** Except as otherwise indicated, each individual has held the office shown
or other offices in the same company for the last five years.
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 30, 1996 to the Secretary, 82 Devonshire Street,
Boston, Massachusetts 02109.
By Order of the Board of Directors,
Arthur S. Loring, Secretary
FAK-PXS-496 CUSIP #315804104/Fund #603
FIDELITY ADVISOR KOREA FUND, INC.
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, Inc. as indicated above that the undersigned
is entitled to vote at the Annual Meeting of Shareholders of the Fund to be
held at the office of the Fund at 82 Devonshire St., Boston, MA 02109, on
June 19, 1996 at 9:30 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. The shares
represented by this Proxy will be voted in accordance with the instructions
specified on the reverse side but, if no instructions are given, this Proxy
will be voted in favor of proposals 1 and 2 described in the Proxy
Statement. Receipt of the Notice of the Meeting and the accompanying Proxy
Statement is hereby acknowledged.
PLEASE VOTE AND SIGN ON OTHER SIDE AND RETURN PROMPTLY IN ENCLOSED
ENVELOPE.
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 ANY COMMENTS?
__________________________________________________________
__________________________________________________________
__________________________________________________________
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PLEASE MARK VOTES
AS IN THIS EXAMPLE
x
With- For All
For hold Except For Against Abstain
1. To elect J. Gary Burkhead and 2. To ratify the selection of Price Waterhouse
David L. Yunich as Class II LLP as independent accountants of the
Directors. ___ ___ ___ Fund. ___ ___ ___
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(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.
Please refer to the Proxy Statement discussion
of each of these matters.
IF NO SPECIFICATION IS MADE, THE PROXY
SHALL BE VOTED FOR EACH OF THE PROPOSALS.
As to any other matter, said proxies shall
vote in accordance with their best judgement.
THE BOARD OF DIRECTORS RECOMMENDS A VOTE
FOR EACH OF THE PROPOSALS ABOVE.
Vote this proxy card TODAY! Your prompt response
will save Fidelity Advisor Emerging Asia Fund, Inc. the
expense of additional mailings.
Please be sure to sign
and date this Proxy. Date _______ Mark box at right if comments or
address change have been noted on
the reverse side of this card._______
_______________________________________________
Shareholder sign here Co-owner sign here RECORD DATE SHARES:
IMPORTANT PROXY MATERIALS...
PLEASE CAST YOUR VOTE NOW!
Dear Fidelity Advisor Funds Shareholder:
In June, we will be holding an annual shareholders meeting for each of the
following Fidelity Advisor Funds:
(solid bullet) (solid bullet)Fidelity Advisor Emerging Asia Fund, Inc.
(solid bullet) Fidelity Advisor Korea Fund, Inc.
THIS PACKAGE CONTAINS A SEPARATE PROXY 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 at each meeting are important, and directly
affect your investment. As a shareholder, you are entitled to cast one
vote for each full share, and a fractional vote for any fraction of a full
share, owned by you in each fund. 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 mailings are expensive, and these costs are
charged directly to the funds.
The enclosed Proxy Statement details the proposals under consideration. A
list of each issue can be found on the first page of the Proxy Statement.
After you have read the material, please cast your vote promptly by signing
and returning the enclosed proxy card(s). It is important that you sign
your proxy card exactly as your name appears in the registration shown on
the proxy card. A postage-paid envelope has been provided. Your time will
be well spent, and you will help save the cost of additional mailings.
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
12485 I.PXYVI-CE1ST-0496
