Supplement to
Fidelity's International Bond Funds
February 28, 2001
Prospectus

<R>As of the close of business on January 17, 2002, Fidelity^® International Bond Fund was merged into Fidelity Strategic Income Fund and shareholders of Fidelity International Bond Fund became shareholders of Fidelity Strategic Income Fund. The merger was voted on and approved at a shareholder meeting for Fidelity International Bond Fund on December 19, 2001. Fidelity International Bond Fund ceased to exist and is not offered.</R>

The following information replaces the biographical information for John Carlson found in the "Fund Management" section beginning on page 26.

William Eigen is lead manager of International Bond, which he has managed since June 2001. He also manages other Fidelity funds. Since joining Fidelity in 1994, Mr. Eigen has worked as a director in the Fixed-Income and Asset Allocation Fund Analysis group and portfolio manager.

John Carlson is vice president and manager of New Markets Income, which he has managed since June 1995. He is also vice president of International Bond and manages the emerging markets investments of the fund. He also manages other Fidelity funds. Mr. Carlson joined Fidelity in 1995 as a portfolio manager.

<R>GLO/NMI-02-01 January 19, 2002
1.711501.108</R>