N-Q 1 main.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-3855

Fidelity Advisor Series VIII
(Exact name of registrant as specified in charter)

245 Summer St., Boston, Massachusetts 02210
(Address of principal executive offices) (Zip code)

Scott C. Goebel, Secretary

245 Summer St.

Boston, Massachusetts 02210
(Name and address of agent for service)

Registrant's telephone number, including area code: 617-563-7000

Date of fiscal year end:	October 31

Date of reporting period:	January 31, 2013

Item 1. Schedule of Investments

Quarterly Holdings Report

for

Fidelity Advisor® Diversified
International Fund
Class A
Class T
Class B
Class C
Institutional Class

January 31, 2013

1.813040.108

ADIF-QTLY-0313

Investments January 31, 2013 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 92.3%
	Shares		Value (000s)
Australia - 4.1%
Australia & New Zealand Banking Group Ltd.	525,375		$ 14,562
BHP Billiton Ltd. sponsored ADR (d)	566,136		44,566
CSL Ltd.	150,024		8,595
Spark Infrastructure Group unit	1,390,264		2,544
Telstra Corp. Ltd.	1,288,526		6,181
Westfield Group unit	374,933		4,371
TOTAL AUSTRALIA			80,819
Bailiwick of Guernsey - 0.7%
Resolution Ltd.	3,486,818		14,516
Bailiwick of Jersey - 1.1%
Experian PLC	791,300		13,567
Randgold Resources Ltd. sponsored ADR	33,100		3,117
WPP PLC	326,324		5,124
TOTAL BAILIWICK OF JERSEY			21,808
Belgium - 2.1%
Anheuser-Busch InBev SA NV	380,631		33,491
KBC Groupe SA	140,505		5,539
UCB SA	35,400		2,044
TOTAL BELGIUM			41,074
Bermuda - 0.5%
Bunge Ltd.	39,600		3,155
Clear Media Ltd.	10,117,000		6,653
TOTAL BERMUDA			9,808
Brazil - 0.8%
Anhanguera Educacional Participacoes SA	177,900		3,462
BR Malls Participacoes SA	149,100		1,930
Estacio Participacoes SA	168,200		3,725
Qualicorp SA (a)	260,600		2,696
Souza Cruz SA	241,800		4,001
TOTAL BRAZIL			15,814
Canada - 2.9%
Alimentation Couche-Tard, Inc. Class B (sub. vtg.)	131,300		6,406
Canadian Natural Resources Ltd.	253,600		7,658
Catamaran Corp. (a)	56,500		2,932
CGI Group, Inc. Class A (sub. vtg.) (a)	214,700		5,760
Fairfax Financial Holdings Ltd. (sub. vtg.)	14,900		5,348
Franco-Nevada Corp.	74,000		3,955
Goldcorp, Inc.	102,000		3,593
Common Stocks - continued
	Shares		Value (000s)
Canada - continued
Painted Pony Petroleum Ltd. Class A (a)	420,800		$ 4,219
Petrominerales Ltd. (d)	119,814		1,067
Suncor Energy, Inc.	319,700		10,866
Tourmaline Oil Corp. (a)	113,000		3,835
TransForce, Inc. (d)	55,500		1,233
TOTAL CANADA			56,872
Cayman Islands - 1.8%
Baidu.com, Inc. sponsored ADR (a)	100,500		10,884
Belle International Holdings Ltd.	1,803,000		4,008
Hengan International Group Co. Ltd.	801,000		8,035
New Oriental Education & Technology Group, Inc. sponsored ADR	136,200		2,325
Sands China Ltd.	2,093,200		10,553
TOTAL CAYMAN ISLANDS			35,805
China - 0.5%
China Pacific Insurance Group Co. Ltd. (H Shares)	1,262,200		4,931
Ping An Insurance Group Co. China Ltd. (H Shares)	552,500		4,955
TOTAL CHINA			9,886
Denmark - 2.6%
Novo Nordisk A/S Series B	281,708		51,860
France - 8.2%
Alstom SA	49,900		2,215
Arkema SA	74,800		8,531
BNP Paribas SA	248,743		15,607
Bureau Veritas SA	75,000		8,983
Dassault Systemes SA	17,400		1,934
Edenred SA	172,710		5,537
Essilor International SA	127,097		12,958
JCDecaux SA	144,000		4,029
LVMH Moet Hennessy - Louis Vuitton SA	64,826		12,222
PPR SA	93,300		20,067
Publicis Groupe SA	113,500		7,437
Remy Cointreau SA	15,800		2,016
Sanofi SA	543,580		52,991
Schneider Electric SA	69,000		5,256
Virbac SA	9,600		2,151
TOTAL FRANCE			161,934
Germany - 7.1%
adidas AG	140,500		13,058
Common Stocks - continued
	Shares		Value (000s)
Germany - continued
Allianz AG	85,761		$ 12,268
BASF AG	257,926		26,147
Bayer AG	254,052		25,071
Brenntag AG	20,400		2,907
CompuGROUP Holding AG	101,100		2,225
Deutsche Post AG	186,756		4,386
Fresenius SE & Co. KGaA	82,900		10,091
Linde AG	99,947		18,239
SAP AG	315,536		25,876
TOTAL GERMANY			140,268
Hong Kong - 1.2%
AIA Group Ltd.	3,803,000		15,128
Galaxy Entertainment Group Ltd. (a)	2,028,000		9,139
TOTAL HONG KONG			24,267
India - 2.6%
Apollo Hospitals Enterprise Ltd.	133,403		2,025
Bajaj Auto Ltd.	76,671		2,917
Colgate-Palmolive (India)	84,807		2,149
Godrej Consumer Products Ltd.	153,019		2,045
HDFC Bank Ltd.	948,070		11,455
Housing Development Finance Corp. Ltd. (a)	659,905		9,743
ITC Ltd.	1,141,123		6,590
Mahindra & Mahindra Financial Services Ltd.	187,963		3,658
Pidilite Industries Ltd. (a)	514,340		2,244
Shriram Transport Finance Co. Ltd.	171,963		2,549
Smithkline Beecham Consumer Healthcare Ltd.	34,102		2,414
United Spirits Ltd. (a)	112,722		3,818
TOTAL INDIA			51,607
Indonesia - 0.1%
PT Bank Rakyat Indonesia Tbk	2,563,500		2,102
Ireland - 0.8%
Accenture PLC Class A	98,400		7,074
Elan Corp. PLC sponsored ADR (a)	353,100		3,711
Ryanair Holdings PLC sponsored ADR	113,400		4,417
TOTAL IRELAND			15,202
Isle of Man - 0.0%
3Legs Resources PLC (a)	622,280		348
Common Stocks - continued
	Shares		Value (000s)
Israel - 0.1%
Rami Levi Chain Stores Hashikma Marketing 2006 Ltd.	78,398		$ 2,858
Italy - 1.5%
ENI SpA	341,400		8,527
Fiat Industrial SpA	328,000		4,224
Prada SpA	701,200		6,302
Prysmian SpA	29,800		638
Saipem SpA	201,794		5,727
UniCredit SpA (a)	711,500		4,595
TOTAL ITALY			30,013
Japan - 14.1%
ABC-Mart, Inc. (d)	100,000		3,806
AEON Credit Service Co. Ltd.	509,400		10,551
Aozora Bank Ltd.	1,696,000		4,766
Calbee, Inc. (d)	67,200		5,526
Cosmos Pharmaceutical Corp.	70,000		7,494
Don Quijote Co. Ltd.	283,200		11,273
Fanuc Corp.	24,700		3,849
Fast Retailing Co. Ltd.	22,300		5,872
Hitachi Ltd.	3,068,000		18,184
Honda Motor Co. Ltd. sponsored ADR (d)	597,906		22,535
Hoya Corp.	391,800		7,562
Japan Tobacco, Inc.	890,400		27,721
JSR Corp.	464,500		9,174
Keyence Corp.	61,600		17,090
LIXIL Group Corp.	210,700		4,894
Miraca Holdings, Inc.	71,600		2,987
Mitsubishi UFJ Financial Group, Inc.	1,459,900		8,303
Nitto Denko Corp.	83,200		4,695
ORIX Corp.	292,790		31,282
Park24 Co. Ltd.	116,100		2,096
Rakuten, Inc.	1,332,100		12,164
Seven & i Holdings Co., Ltd.	306,800		9,334
Seven Bank Ltd.	887,600		2,145
SHIMANO, Inc.	93,800		6,401
SMC Corp.	61,600		10,657
Softbank Corp.	343,600		12,249
Suzuki Motor Corp.	148,100		3,876
Tsuruha Holdings, Inc.	35,300		2,957
Unicharm Corp.	87,600		4,646
Common Stocks - continued
	Shares		Value (000s)
Japan - continued
USS Co. Ltd.	27,720		$ 3,110
Yahoo! Japan Corp.	5,812		2,285
TOTAL JAPAN			279,484
Korea (South) - 2.3%
AMOREPACIFIC Corp.	4,923		4,955
Hotel Shilla Co.	46,050		1,941
Hyundai Motor Co.	13,927		2,624
LG Household & Health Care Ltd.	5,491		3,063
Orion Corp.	11,618		10,860
Samsung Electronics Co. Ltd.	16,474		21,925
TOTAL KOREA (SOUTH)			45,368
Luxembourg - 0.4%
Eurofins Scientific SA	38,800		6,933
Mexico - 0.7%
America Movil S.A.B. de CV Series L sponsored ADR	120,400		3,029
Fomento Economico Mexicano S.A.B. de CV sponsored ADR	47,800		5,157
Mexichem SAB de CV	849,600		4,806
TOTAL MEXICO			12,992
Netherlands - 2.5%
AEGON NV	2,012,800		13,438
ASML Holding NV (Netherlands)	120,659		9,051
D.E. Master Blenders 1753 NV (a)	644,600		7,952
Koninklijke KPN NV	660,676		3,719
NXP Semiconductors NV (a)	187,600		5,626
Unilever NV (Certificaten Van Aandelen) (Bearer)	251,800		10,202
TOTAL NETHERLANDS			49,988
Nigeria - 0.2%
Nigerian Breweries PLC	4,795,344		4,907
Norway - 1.1%
DnB NOR ASA	421,199		5,891
Telenor ASA	742,800		16,385
TOTAL NORWAY			22,276
Russia - 0.1%
Magnit OJSC	8,000		1,506
Common Stocks - continued
	Shares		Value (000s)
Singapore - 0.3%
Avago Technologies Ltd.	54,200		$ 1,939
United Overseas Bank Ltd.	259,000		3,945
TOTAL SINGAPORE			5,884
South Africa - 0.7%
Life Healthcare Group Holdings Ltd.	641,500		2,256
Nampak Ltd.	839,400		2,946
Naspers Ltd. Class N	91,800		5,940
Tiger Brands Ltd.	82,000		2,700
TOTAL SOUTH AFRICA			13,842
Spain - 3.2%
Amadeus IT Holding SA Class A	198,300		4,974
Banco Bilbao Vizcaya Argentaria SA	568,453		5,651
Grifols SA ADR	260,919		6,943
Inditex SA	237,389		33,264
Prosegur Compania de Seguridad SA (Reg.)	919,860		5,745
Repsol YPF SA	174,851		3,904
Telefonica SA	161,714		2,340
TOTAL SPAIN			62,821
Sweden - 1.3%
ASSA ABLOY AB (B Shares)	110,000		4,118
Atlas Copco AB (A Shares)	102,300		2,917
Svenska Handelsbanken AB (A Shares)	192,700		7,880
Swedbank AB (A Shares)	188,600		4,450
Swedish Match Co. AB	146,600		5,502
TOTAL SWEDEN			24,867
Switzerland - 5.7%
Dufry AG (a)	14,870		2,031
Nestle SA	535,451		37,597
Novartis AG	120,734		8,207
Roche Holding AG (participation certificate)	36,535		8,085
SGS SA (Reg.)	1,980		4,717
Syngenta AG (Switzerland)	48,920		21,037
UBS AG	1,193,457		20,728
Zurich Insurance Group AG	34,456		9,912
TOTAL SWITZERLAND			112,314
Taiwan - 0.5%
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	550,300		9,762
Common Stocks - continued
	Shares		Value (000s)
United Kingdom - 16.0%
Aggreko PLC	57,700		$ 1,461
Associated British Foods PLC	123,300		3,420
Barclays PLC	1,881,357		9,033
Barratt Developments PLC (a)	423,200		1,461
BG Group PLC	311,092		5,526
British American Tobacco PLC sponsored ADR	162,600		16,894
Bunzl PLC	40,000		719
Capita Group PLC	361,700		4,515
Compass Group PLC	213,400		2,586
Domino's Pizza UK & IRL PLC	305,400		2,492
Dunelm Group PLC	343,700		4,143
Filtrona PLC	693,600		6,336
GlaxoSmithKline PLC	1,111,000		25,413
Hikma Pharmaceuticals PLC	253,868		3,247
HSBC Holdings PLC sponsored ADR	805,300		45,789
IMI PLC	89,800		1,666
Imperial Tobacco Group PLC	181,683		6,757
InterContinental Hotel Group PLC	175,880		5,162
Intertek Group PLC	234,300		11,553
Lloyds Banking Group PLC (a)	10,255,700		8,394
Next PLC	272,800		17,557
Persimmon PLC	143,600		1,919
Reckitt Benckiser Group PLC	387,913		25,852
Rolls-Royce Group PLC	677,500		10,165
Rolls-Royce Group PLC (C Shares)	95,577,600		152
Royal Dutch Shell PLC Class B (United Kingdom)	1,207,946		43,905
Serco Group PLC	429,704		3,779
Smith & Nephew PLC	176,100		2,031
Standard Chartered PLC (United Kingdom)	188,494		5,015
Taylor Wimpey PLC	5,848,600		6,600
Tesco PLC	1,217,300		6,879
Vodafone Group PLC sponsored ADR	751,800		20,539
Whitbread PLC	121,204		4,940
TOTAL UNITED KINGDOM			315,900
United States of America - 4.5%
Allergan, Inc.	42,200		4,431
Beam, Inc.	55,600		3,411
BioMarin Pharmaceutical, Inc. (a)	36,500		2,003
Cognizant Technology Solutions Corp. Class A (a)	49,300		3,854
Cummins, Inc.	45,800		5,259
D.R. Horton, Inc.	147,500		3,490
Common Stocks - continued
	Shares		Value (000s)
United States of America - continued
Gilead Sciences, Inc. (a)	212,400		$ 8,379
Las Vegas Sands Corp.	160,300		8,857
MasterCard, Inc. Class A	19,440		10,078
Monsanto Co.	38,700		3,922
NCR Corp. (a)	105,000		2,916
Noble Energy, Inc.	75,600		8,149
PriceSmart, Inc.	26,300		2,025
Virgin Media, Inc. (d)	89,400		3,521
ViroPharma, Inc. (a)	109,100		2,909
Visa, Inc. Class A	76,900		12,143
VMware, Inc. Class A (a)	17,663		1,351
Yum! Brands, Inc.	42,200		2,740
Zoetis, Inc. Class A	17,000		442
TOTAL UNITED STATES OF AMERICA			89,880
TOTAL COMMON STOCKS (Cost $1,458,390)		1,825,585
Nonconvertible Preferred Stocks - 1.6%

Germany - 1.6%
Henkel AG & Co. KGaA	96,900		8,556
ProSiebenSat.1 Media AG	145,600		4,980
Sartorius AG (non-vtg.)	20,700		2,125
Volkswagen AG	66,800		16,521
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $19,221)		32,182

Master Notes - 0.0%
	Principal Amount (000s)
Canada - 0.0%
OZ Optics Ltd. 5% 11/5/14 (e) (Cost $10)	$ 10	10

Money Market Funds - 6.8%
	Shares		Value (000s)
Fidelity Cash Central Fund, 0.16% (b)	115,339,849		$ 115,340
Fidelity Securities Lending Cash Central Fund, 0.15% (b)(c)	18,305,746		18,306
TOTAL MONEY MARKET FUNDS (Cost $133,646)		133,646
TOTAL INVESTMENT PORTFOLIO - 100.7% (Cost $1,611,267)			1,991,423
NET OTHER ASSETS (LIABILITIES) - (0.7)%			(13,569)
NET ASSETS - 100%		$ 1,977,854

Legend

(a) Non-income producing

(b) Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

(d) Security or a portion of the security is on loan at period end.

(e) Restricted securities - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $10,000 or 0.0% of net assets.

Additional information on each restricted holding is as follows:

Security	Acquisition Date	Acquisition Cost (000s)
OZ Optics Ltd. 5% 11/5/14	11/5/10	$ 10

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned (Amounts in thousands)
Fidelity Cash Central Fund	$ 22
Fidelity Securities Lending Cash Central Fund	49
Total	$ 71

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

The following is a summary of the inputs used, as of January 31, 2013, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description (Amounts in thousands)	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 312,827	$ 302,541	$ 10,286	$ -
Consumer Staples	302,851	259,158	43,693	-
Energy	103,731	51,299	52,432	-
Financials	330,430	253,428	77,002	-
Health Care	265,741	125,239	140,502	-
Industrials	131,625	131,625	-	-
Information Technology	180,268	145,341	34,927	-
Materials	163,308	142,271	21,037	-
Telecommunication Services	64,442	62,102	2,340	-
Utilities	2,544	2,544	-	-
Master Notes	10	-	-	10
Money Market Funds	133,646	133,646	-	-
Total Investments in Securities:	$ 1,991,423	$ 1,609,194	$ 382,219	$ 10

Income Tax Information

At January 31, 2013, the cost of investment securities for income tax purposes was $1,631,093,000. Net unrealized appreciation aggregated $360,330,000, of which $408,062,000 related to appreciated investment securities and $47,732,000 related to depreciated investment securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee), in accordance with procedures adopted by the Fund's Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and these securities are generally categorized as Level 3 in the hierarchy.

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. For master notes, pricing vendors utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as broker-supplied prices.

When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

Quarterly Report

The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please visit advisor.fidelity.com or call Fidelity at 1-877-208-0098 for a free copy of the fund's most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity Advisor®
Emerging Markets Fund
Class A
Class T
Class B
Class C
Institutional Class

January 31, 2013

1.813064.108

FAEM-QTLY-0313

Investments January 31, 2013 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.8%
	Shares		Value
Australia - 0.4%
Iluka Resources Ltd. (d)	188,692		$ 1,912,585
Bermuda - 1.9%
Brilliance China Automotive Holdings Ltd. (a)	1,982,000		2,662,975
Credicorp Ltd. (NY Shares)	22,950		3,596,954
Jardine Matheson Holdings Ltd.	36,000		2,333,160
TOTAL BERMUDA			8,593,089
Brazil - 10.6%
BR Malls Participacoes SA	217,800		2,819,637
BTG Pactual Participations Ltd. unit	137,900		2,371,796
CCR SA	335,800		3,465,333
Cielo SA	115,600		3,269,436
Companhia Brasileira de Distribuicao Grupo Pao de Acucar sponsored ADR (d)	51,351		2,451,497
Companhia de Bebidas das Americas (AmBev) (PN) sponsored ADR	141,776		6,671,979
Iguatemi Empresa de Shopping Centers SA	141,100		2,044,917
Itau Unibanco Holding SA sponsored ADR	403,999		6,960,903
Localiza Rent A Car SA	122,100		2,244,136
Multiplan Empreendimentos Imobiliarios SA	89,908		2,598,341
Multiplus SA	5,920		127,238
Odontoprev SA	434,600		2,215,176
Qualicorp SA (a)	224,900		2,326,532
Souza Cruz SA	184,300		3,049,532
Totvs SA	114,447		2,492,564
Ultrapar Participacoes SA	141,100		3,406,070
TOTAL BRAZIL			48,515,087
British Virgin Islands - 0.5%
Mail.ru Group Ltd. GDR (e)	67,500		2,245,725
Canada - 0.1%
Ivanplats Ltd. Class A (f)	84,516		366,061
Cayman Islands - 5.4%
Baidu.com, Inc. sponsored ADR (a)	21,700		2,350,110
Belle International Holdings Ltd.	1,466,000		3,258,870
Eurasia Drilling Co. Ltd. GDR (Reg. S)	65,063		2,465,888
Golden Eagle Retail Group Ltd. (H Shares)	1,020,000		2,196,405
Haitian International Holdings Ltd.	1,532,000		1,933,914
Hengan International Group Co. Ltd.	318,500		3,195,103
Hengdeli Holding Ltd.	968,000		339,500
Common Stocks - continued
	Shares		Value
Cayman Islands - continued
Sands China Ltd.	420,800		$ 2,121,526
Tencent Holdings Ltd.	191,400		6,698,037
TOTAL CAYMAN ISLANDS			24,559,353
China - 2.5%
China Pacific Insurance Group Co. Ltd. (H Shares)	728,400		2,845,826
Dongfeng Motor Group Co. Ltd. (H Shares)	1,632,000		2,664,095
Ping An Insurance Group Co. China Ltd. (H Shares)	438,000		3,927,960
Yantai Changyu Pioneer Wine Co. (B Shares)	352,521		2,177,745
TOTAL CHINA			11,615,626
Colombia - 1.1%
Almacenes Exito SA	94,693		1,770,750
BanColombia SA sponsored ADR	44,835		3,116,481
TOTAL COLOMBIA			4,887,231
Finland - 0.9%
Kone Oyj (B Shares)	25,200		2,078,656
Nokian Tyres PLC	52,100		2,241,794
TOTAL FINLAND			4,320,450
France - 0.5%
LVMH Moet Hennessy - Louis Vuitton SA	11,850		2,234,087
Hong Kong - 2.9%
AIA Group Ltd.	565,000		2,247,499
CNOOC Ltd.	3,172,000		6,527,609
Dah Chong Hong Holdings Ltd.	2,055,000		2,374,191
Galaxy Entertainment Group Ltd. (a)	486,000		2,190,177
TOTAL HONG KONG			13,339,476
India - 9.4%
Asian Paints India Ltd.	25,860		2,184,885
Bajaj Auto Ltd.	68,185		2,594,486
HDFC Bank Ltd.	357,697		4,321,980
Hero Motocorp Ltd.	63,661		2,177,320
Hindustan Unilever Ltd.	334,090		2,972,162
Housing Development Finance Corp. Ltd. (a)	321,881		4,752,238
ITC Ltd.	632,361		3,651,729
Larsen & Toubro Ltd.	90,252		2,612,014
Mahindra & Mahindra Ltd.	156,257		2,608,194
Page Industries Ltd.	114		7,263
Sun Pharmaceutical Industries Ltd.	180,077		2,426,941
Tata Consultancy Services Ltd.	143,054		3,609,311
Common Stocks - continued
	Shares		Value
India - continued
Tata Motors Ltd.	467,022		$ 2,594,191
Titan Industries Ltd. (a)	438,867		2,301,220
TTK Prestige Ltd.	28,933		1,818,964
United Spirits Ltd. (a)	66,981		2,268,616
TOTAL INDIA			42,901,514
Indonesia - 7.4%
PT Astra International Tbk	5,256,500		3,984,031
PT Bank Central Asia Tbk	3,580,500		3,562,950
PT Bank Rakyat Indonesia Tbk	4,179,500		3,426,338
PT Global Mediacom Tbk	8,869,500		1,989,285
PT Indocement Tunggal Prakarsa Tbk	1,137,500		2,551,229
PT Jasa Marga Tbk	3,824,500		2,169,082
PT Kalbe Farma Tbk	20,047,500		2,253,333
PT Media Nusantara Citra Tbk	6,926,000		1,696,230
PT Mitra Adiperkasa Tbk	3,145,000		2,075,579
PT Modern Internasional Tbk	6,624,000		655,738
PT Semen Gresik (Persero) Tbk	1,695,500		2,753,703
PT Tower Bersama Infrastructure Tbk (a)	3,493,000		2,125,149
PT Unilever Indonesia Tbk	978,500		2,224,888
PT United Tractors Tbk	1,200,500		2,444,939
TOTAL INDONESIA			33,912,474
Ireland - 0.5%
Dragon Oil PLC	242,194		2,181,800
Italy - 0.4%
Prada SpA	227,100		2,041,013
Japan - 0.8%
Fanuc Corp.	11,700		1,823,227
Keyence Corp.	6,900		1,914,298
TOTAL JAPAN			3,737,525
Korea (South) - 10.3%
Hotel Shilla Co.	53,462		2,252,950
Hyundai Mobis	16,483		4,317,657
Hyundai Motor Co.	32,011		6,031,428
Kia Motors Corp.	73,334		3,484,680
LG Chemical Ltd.	13,102		3,666,840
LG Corp.	46,203		2,722,045
Common Stocks - continued
	Shares		Value
Korea (South) - continued
NHN Corp.	14,729		$ 3,262,551
Samsung Electronics Co. Ltd.	15,848		21,091,617
TOTAL KOREA (SOUTH)			46,829,768
Luxembourg - 0.4%
L'Occitane Ltd.	588,750		1,768,816
Malaysia - 0.7%
Bumiputra-Commerce Holdings Bhd	1,450,200		3,365,286
Mexico - 4.3%
Coca-Cola FEMSA SAB de CV Series L	195,700		3,096,821
Fomento Economico Mexicano SAB de CV unit	439,800		4,748,883
Grupo Financiero Banorte SAB de CV Series O	534,600		3,686,186
Grupo Mexico SA de CV Series B	1,084,200		4,040,190
Grupo Televisa SA de CV	730,000		4,090,196
TOTAL MEXICO			19,662,276
Netherlands - 1.4%
ASML Holding NV (Netherlands)	28,632		2,147,834
Heineken NV (Bearer)	26,800		1,884,588
Yandex NV (a)	97,400		2,358,054
TOTAL NETHERLANDS			6,390,476
Nigeria - 1.0%
Guaranty Trust Bank PLC GDR (Reg. S)	304,354		2,434,832
Nigerian Breweries PLC	1,919,907		1,964,499
TOTAL NIGERIA			4,399,331
Panama - 0.5%
Copa Holdings SA Class A	21,428		2,348,509
Philippines - 3.9%
Alliance Global Group, Inc.	5,649,300		2,625,516
Ayala Corp.	177,160		2,471,798
International Container Terminal Services, Inc.	1,304,700		2,437,299
Metropolitan Bank & Trust Co.	929,880		2,407,501
Security Bank Corp.	573,270		2,446,008
SM Investments Corp.	113,640		2,657,462
SM Prime Holdings, Inc.	6,471,300		2,788,175
TOTAL PHILIPPINES			17,833,759
Russia - 3.9%
Magnit OJSC GDR (Reg. S)	81,800		3,636,828
Norilsk Nickel OJSC sponsored ADR	159,000		3,159,330
Common Stocks - continued
	Shares		Value
Russia - continued
NOVATEK OAO GDR (Reg. S)	31,800		$ 3,723,780
Sberbank (Savings Bank of the Russian Federation) (a)	2,013,100		7,336,828
TOTAL RUSSIA			17,856,766
Singapore - 0.8%
Global Logistic Properties Ltd.	844,000		1,882,148
Keppel Corp. Ltd.	201,000		1,867,652
TOTAL SINGAPORE			3,749,800
South Africa - 6.0%
Aspen Pharmacare Holdings Ltd.	139,054		2,562,370
Barloworld Ltd.	216,184		2,030,135
Bidvest Group Ltd.	121,700		2,909,524
Discovery Holdings Ltd.	291,789		2,160,784
Imperial Holdings Ltd.	122,236		2,663,379
Life Healthcare Group Holdings Ltd.	697,529		2,453,257
Mr Price Group Ltd.	185,900		2,562,504
Nampak Ltd.	617,000		2,165,203
Naspers Ltd. Class N	82,000		5,306,241
Shoprite Holdings Ltd.	138,500		2,608,986
TOTAL SOUTH AFRICA			27,422,383
Switzerland - 2.3%
Compagnie Financiere Richemont SA Series A	25,731		2,116,329
Dufry AG (a)	16,360		2,234,545
Schindler Holding AG (Reg.)	12,680		1,833,622
Swatch Group AG (Bearer)	4,090		2,244,433
Syngenta AG (Switzerland)	4,414		1,898,187
TOTAL SWITZERLAND			10,327,116
Taiwan - 2.6%
Taiwan Semiconductor Manufacturing Co. Ltd.	3,489,000		11,954,424
Thailand - 3.8%
BEC World PCL (For. Reg.)	1,179,600		2,867,908
C.P. ALL PCL (For. Reg.)	1,652,000		2,589,906
Home Product Center PCL (For. Reg.)	5,104,100		2,362,058
Kasikornbank PCL (For. Reg.)	561,000		3,762,576
Robinsons Department Store PCL (For. Reg.)	910,100		2,136,385
Siam Commercial Bank PCL (For. Reg.)	584,300		3,507,368
TOTAL THAILAND			17,226,201
Turkey - 2.4%
Coca-Cola Icecek A/S	104,050		2,532,105
Common Stocks - continued
	Shares		Value
Turkey - continued
Enka Insaat ve Sanayi A/S	735,000		$ 2,206,567
Turkiye Garanti Bankasi A/S	711,375		3,567,493
Turkiye Petrol Rafinerile A/S	90,000		2,481,876
TOTAL TURKEY			10,788,041
United Kingdom - 2.9%
Aggreko PLC	63,500		1,608,355
Antofagasta PLC	89,000		1,611,979
BHP Billiton PLC	58,250		1,997,502
British American Tobacco PLC (United Kingdom)	36,500		1,896,963
Johnson Matthey PLC	49,583		1,781,165
Prudential PLC	133,614		2,028,250
Standard Chartered PLC (United Kingdom)	82,092		2,184,070
TOTAL UNITED KINGDOM			13,108,284
United States of America - 5.3%
American Tower Corp.	23,920		1,821,508
Apple, Inc.	4,674		2,128,119
Caterpillar, Inc.	20,180		1,985,510
Colgate-Palmolive Co.	18,850		2,023,925
Cummins, Inc.	18,153		2,084,509
FMC Corp.	32,061		1,970,790
Google, Inc. Class A (a)	2,600		1,964,794
Mead Johnson Nutrition Co. Class A	29,672		2,255,072
National Oilwell Varco, Inc.	26,603		1,972,346
Philip Morris International, Inc.	23,200		2,045,312
QUALCOMM, Inc.	28,935		1,910,578
Yum! Brands, Inc.	31,900		2,071,586
TOTAL UNITED STATES OF AMERICA			24,234,049
TOTAL COMMON STOCKS (Cost $394,998,213)		446,628,381
Nonconvertible Preferred Stocks - 0.8%

Brazil - 0.8%
Itausa-Investimentos Itau SA (PN) (Cost $3,637,163)	704,300		3,565,091
Money Market Funds - 2.5%
	Shares		Value
Fidelity Cash Central Fund, 0.16% (b)	7,222,044		$ 7,222,044
Fidelity Securities Lending Cash Central Fund, 0.15% (b)(c)	4,422,460		4,422,460
TOTAL MONEY MARKET FUNDS (Cost $11,644,504)		11,644,504
TOTAL INVESTMENT PORTFOLIO - 101.1% (Cost $410,279,880)			461,837,976
NET OTHER ASSETS (LIABILITIES) - (1.1)%			(4,951,454)
NET ASSETS - 100%		$ 456,886,522

Legend

(a) Non-income producing

(d) Security or a portion of the security is on loan at period end.

(e) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $2,245,725 or 0.5% of net assets.

(f) Restricted securities - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $366,061 or 0.1% of net assets.

Additional information on each restricted holding is as follows:

Security	Acquisition Date	Acquisition Cost
Ivanplats Ltd. Class A	10/23/12	$ 409,319

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned
Fidelity Cash Central Fund	$ 2,395
Fidelity Securities Lending Cash Central Fund	1,570
Total	$ 3,965

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 97,338,229	$ 94,744,038	$ 2,594,191	$ -
Consumer Staples	61,717,889	59,820,926	1,896,963	-
Energy	22,759,369	16,231,760	6,527,609	-
Financials	100,009,722	93,659,492	6,350,230	-
Health Care	14,237,609	14,237,609	-	-
Industrials	50,548,404	50,548,404	-	-
Information Technology	69,397,452	55,295,194	14,102,258	-
Materials	32,059,649	27,797,899	4,261,750	-
Telecommunication Services	2,125,149	2,125,149	-	-
Money Market Funds	11,644,504	11,644,504	-	-
Total Investments in Securities:	$ 461,837,976	$ 426,104,975	$ 35,733,001	$ -

Income Tax Information

At January 31, 2013, the cost of investment securities for income tax purposes was $412,077,818. Net unrealized appreciation aggregated $49,760,158, of which $55,663,368 related to appreciated investment securities and $5,903,210 related to depreciated investment securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee), in accordance with procedures adopted by the Fund's Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Quarterly Report

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity Advisor® Overseas Fund Class A
Class T
Class B
Class C
Institutional Class

January 31, 2013

1.813050.108

OS-QTLY-0313

Investments January 31, 2013 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.0%
	Shares		Value (000s)
Australia - 3.9%
BHP Billiton Ltd.	211,768		$ 8,329
CSL Ltd.	128,803		7,379
Fortescue Metals Group Ltd. (d)	208,017		1,015
Macquarie Group Ltd.	43,810		1,759
Newcrest Mining Ltd.	89,718		2,189
Westfield Group unit	426,827		4,976
TOTAL AUSTRALIA			25,647
Bailiwick of Jersey - 1.2%
Experian PLC	98,500		1,689
Glencore International PLC	113,700		710
Wolseley PLC	28,982		1,354
WPP PLC	247,196		3,881
TOTAL BAILIWICK OF JERSEY			7,634
Belgium - 0.5%
Ageas	35,290		1,165
KBC Groupe SA	13,159		519
UCB SA	29,600		1,709
TOTAL BELGIUM			3,393
Bermuda - 1.0%
Clear Media Ltd.	1,278,000		840
Oriental Watch Holdings Ltd.	2,992,000		1,177
Signet Jewelers Ltd.	70,500		4,412
TOTAL BERMUDA			6,429
Brazil - 0.2%
Anhanguera Educacional Participacoes SA	81,400		1,584
British Virgin Islands - 0.7%
Gem Diamonds Ltd. (a)	339,700		862
Mail.ru Group Ltd.:
GDR (e)	4,200		140
GDR (Reg. S)	113,200		3,766
TOTAL BRITISH VIRGIN ISLANDS			4,768
Canada - 0.0%
Bauer Performance Sports Ltd. (a)	23,000		274
Cayman Islands - 4.0%
Baidu.com, Inc. sponsored ADR (a)	12,000		1,300
Biostime International Holdings Ltd.	470,500		1,950
Greatview Aseptic Pack Co. Ltd.	1,720,000		1,042
Common Stocks - continued
	Shares		Value (000s)
Cayman Islands - continued
Hengdeli Holding Ltd.	19,178,000		$ 6,726
Noah Holdings Ltd. sponsored ADR (d)	129,100		820
SouFun Holdings Ltd. ADR (d)	175,500		4,531
Tencent Holdings Ltd.	241,500		8,451
YouKu.com, Inc. ADR (a)	38,800		883
TOTAL CAYMAN ISLANDS			25,703
Denmark - 2.4%
Danske Bank A/S (a)	51,111		980
Novo Nordisk A/S:
Series B	3,763		693
Series B sponsored ADR	75,800		13,974
TOTAL DENMARK			15,647
France - 11.9%
Alstom SA	63,897		2,836
Atos Origin SA	37,816		2,767
AXA SA	39,958		740
AXA SA sponsored ADR	67,200		1,240
Beneteau SA	86,400		964
BNP Paribas SA	62,616		3,929
Bollore	2,700		973
Club Mediterranee SA (a)	53,000		1,003
Danone SA	118,422		8,207
Edenred SA	49,400		1,584
Essilor International SA	16,245		1,656
Gameloft Se (a)	239,900		1,648
Iliad SA	11,930		2,211
Ingenico SA	37,999		2,395
Ipsos SA	57,360		2,286
Lafarge SA (Bearer)	16,200		990
LVMH Moet Hennessy - Louis Vuitton SA	42,822		8,073
Pernod Ricard SA	61,200		7,662
Safran SA	52,800		2,424
Sanofi SA	80,690		7,866
Sanofi SA sponsored ADR	203,000		9,882
Societe Generale Series A (a)	35,613		1,609
Total SA	85,300		4,623
TOTAL FRANCE			77,568
Germany - 6.1%
adidas AG	31,900		2,965
Allianz AG	31,366		4,487
Common Stocks - continued
	Shares		Value (000s)
Germany - continued
Bayer AG	55,340		$ 5,461
Bayerische Motoren Werke AG (BMW)	22,890		2,305
Commerzbank AG (a)	235,000		515
Deutsche Bank AG	32,500		1,681
Deutsche Boerse AG	58,469		3,847
GSW Immobilien AG	25,200		1,075
Linde AG	13,429		2,451
Muenchener Rueckversicherungs AG	10,355		1,903
SAP AG	126,552		10,378
SAP AG sponsored ADR (d)	21,800		1,788
Tom Tailor Holding AG	28,200		663
TOTAL GERMANY			39,519
Hong Kong - 1.0%
AIA Group Ltd.	970,800		3,862
Television Broadcasts Ltd.	370,000		2,729
TOTAL HONG KONG			6,591
Ireland - 2.8%
C&C Group PLC	306,500		1,998
CRH PLC	213,332		4,602
Glanbia PLC	184,500		2,059
Kingspan Group PLC (United Kingdom)	257,600		2,973
Paddy Power PLC (Ireland)	77,600		6,438
TOTAL IRELAND			18,070
Isle of Man - 0.2%
Playtech Ltd.	184,213		1,352
Israel - 0.2%
Rami Levi Chain Stores Hashikma Marketing 2006 Ltd.	33,700		1,228
Italy - 1.7%
Assicurazioni Generali SpA	71,400		1,368
Brunello Cucinelli SpA	4,900		98
ENI SpA	96,700		2,415
ENI SpA sponsored ADR	22,300		1,113
Saipem SpA	83,573		2,372
Tod's SpA	26,238		3,584
TOTAL ITALY			10,950
Japan - 13.1%
Calbee, Inc.	8,200		674
Cosmos Pharmaceutical Corp.	58,700		6,284
Common Stocks - continued
	Shares		Value (000s)
Japan - continued
Denso Corp.	33,000		$ 1,234
Hitachi Ltd.	970,000		5,749
Honda Motor Co. Ltd.	126,400		4,778
Japan Tobacco, Inc.	58,000		1,806
Keyence Corp.	17,800		4,938
Komatsu Ltd.	97,400		2,594
Mitsubishi Corp.	152,100		3,207
Mitsubishi Electric Corp.	189,000		1,565
Mitsubishi UFJ Financial Group, Inc.	1,175,800		6,687
Mitsubishi UFJ Financial Group, Inc. sponsored ADR	179,900		1,018
Nomura Holdings, Inc.	204,200		1,169
ORIX Corp.	33,070		3,533
Rakuten, Inc.	1,154,700		10,544
Ship Healthcare Holdings, Inc.	41,500		1,189
SMC Corp.	8,900		1,540
Softbank Corp.	172,400		6,146
Sumitomo Mitsui Financial Group, Inc.	138,000		5,543
Suzuki Motor Corp.	48,200		1,261
Tokio Marine Holdings, Inc.	59,300		1,753
Toyota Motor Corp.	133,900		6,396
Toyota Motor Corp. sponsored ADR	15,300		1,459
Unicharm Corp.	38,200		2,026
Yahoo! Japan Corp.	5,911		2,324
TOTAL JAPAN			85,417
Kenya - 0.1%
East African Breweries Ltd.	116,216		399
Korea (South) - 0.7%
Samsung Electronics Co. Ltd.	3,353		4,462
Luxembourg - 0.2%
ArcelorMittal SA Class A unit (d)	55,600		954
Netherlands - 2.2%
AEGON NV	109,900		734
ASML Holding NV	18,557		1,393
ING Groep NV:
(Certificaten Van Aandelen) (a)	173,010		1,750
sponsored ADR (a)	59,300		598
Koninklijke Philips Electronics NV	202,806		6,317
Common Stocks - continued
	Shares		Value (000s)
Netherlands - continued
Koninklijke Philips Electronics NV (depositary receipt) (NY Reg.)	83,000		$ 2,580
Yandex NV (a)	50,800		1,230
TOTAL NETHERLANDS			14,602
Nigeria - 0.3%
Guinness Nigeria PLC	395,778		738
Nigerian Breweries PLC	1,015,224		1,039
TOTAL NIGERIA			1,777
Norway - 1.5%
DnB NOR ASA	184,200		2,576
Schibsted ASA (B Shares)	143,100		5,755
StatoilHydro ASA	9,400		250
StatoilHydro ASA sponsored ADR	55,700		1,478
TOTAL NORWAY			10,059
Philippines - 0.3%
Alliance Global Group, Inc.	3,777,700		1,756
Singapore - 0.2%
United Overseas Bank Ltd.	101,627		1,548
South Africa - 0.2%
City Lodge Hotels Ltd.	32,800		403
Life Healthcare Group Holdings Ltd.	310,300		1,091
TOTAL SOUTH AFRICA			1,494
Spain - 0.9%
Banco Bilbao Vizcaya Argentaria SA	255,571		2,541
Banco Santander SA	3,113		26
Banco Santander SA (Spain)	127,661		1,069
Grifols SA ADR	79,380		2,112
TOTAL SPAIN			5,748
Sweden - 1.3%
Nordea Bank AB	166,600		1,838
Svenska Cellulosa AB (SCA) (B Shares)	219,300		5,319
Swedbank AB (A Shares)	51,612		1,218
TOTAL SWEDEN			8,375
Switzerland - 9.1%
Adecco SA (Reg.)	80,624		4,633
Compagnie Financiere Richemont SA Series A	86,034		7,076
Credit Suisse Group	50,181		1,482
Common Stocks - continued
	Shares		Value (000s)
Switzerland - continued
Credit Suisse Group sponsored ADR	23,296		$ 688
Nestle SA	272,727		19,153
Roche Holding AG (participation certificate)	8,886		1,967
Sika AG (Bearer)	1,180		2,977
Swatch Group AG (Bearer)	11,550		6,338
Swiss Re Ltd.	19,790		1,473
Syngenta AG (Switzerland)	16,570		7,126
UBS AG	170,978		2,969
UBS AG (NY Shares)	53,077		922
Zurich Insurance Group AG	8,097		2,329
TOTAL SWITZERLAND			59,133
Taiwan - 0.4%
MediaTek, Inc.	137,000		1,499
Wowprime Corp.	60,000		848
TOTAL TAIWAN			2,347
Thailand - 0.3%
Thai Beverage PCL	4,673,000		1,982
United Kingdom - 24.7%
Aberdeen Asset Management PLC	352,500		2,250
Aggreko PLC	44,800		1,135
Anglo American PLC (United Kingdom)	117,359		3,511
ASOS PLC (a)	93,600		3,846
Aviva PLC	184,200		1,073
Barclays PLC	934,201		4,485
Barclays PLC sponsored ADR	24,700		473
BG Group PLC	281,418		4,999
BHP Billiton PLC	192,986		6,618
BP PLC sponsored ADR	76,366		3,400
Brammer PLC	428,100		2,224
British Land Co. PLC	302,731		2,698
Burberry Group PLC	150,300		3,235
Centrica PLC	554,400		3,079
Dechra Pharmaceuticals PLC	73,200		720
Diageo PLC	324,930		9,673
Dunelm Group PLC	195,800		2,360
Hays PLC	2,398,700		3,386
HSBC Holdings PLC:
(United Kingdom)	63,100		718
sponsored ADR	218,733		12,437
Intertek Group PLC	85,300		4,206
Common Stocks - continued
	Shares		Value (000s)
United Kingdom - continued
Johnson Matthey PLC	73,919		$ 2,655
Legal & General Group PLC	392,976		950
Lloyds Banking Group PLC (a)	3,020,199		2,472
M&C Saatchi PLC	887,505		2,815
Michael Page International PLC	529,200		3,418
Prudential PLC	125,264		1,901
Reckitt Benckiser Group PLC	106,200		7,078
Rio Tinto PLC	118,832		6,713
Rio Tinto PLC sponsored ADR	9,100		514
Rolls-Royce Group PLC	164,274		2,465
Royal Bank of Scotland Group PLC (a)	120,080		653
Royal Dutch Shell PLC:
Class A (United Kingdom)	188,233		6,673
Class B (United Kingdom)	158,266		5,752
SABMiller PLC	205,600		10,272
Scottish & Southern Energy PLC	108,300		2,437
Standard Chartered PLC (United Kingdom)	146,813		3,906
Sthree PLC	190,600		1,011
Travis Perkins PLC	267,000		5,124
Vodafone Group PLC	3,262,069		8,903
William Hill PLC	866,100		5,276
Xstrata PLC	172,600		3,234
TOTAL UNITED KINGDOM			160,748
United States of America - 4.7%
Coach, Inc.	46,500		2,372
Deckers Outdoor Corp. (a)(d)	47,400		1,894
Dunkin' Brands Group, Inc.	59,700		2,180
GNC Holdings, Inc.	43,100		1,549
Google, Inc. Class A (a)	9,000		6,801
Life Technologies Corp. (a)	20,300		1,313
MercadoLibre, Inc. (d)	22,300		1,971
Monsanto Co.	17,800		1,804
priceline.com, Inc. (a)	3,700		2,536
Tiffany & Co., Inc.	40,800		2,683
Visa, Inc. Class A	36,200		5,716
TOTAL UNITED STATES OF AMERICA			30,819
TOTAL COMMON STOCKS (Cost $563,925)		637,977
Nonconvertible Preferred Stocks - 1.9%
	Shares		Value (000s)
Germany - 1.9%
ProSiebenSat.1 Media AG	40,500		$ 1,385
Sartorius AG (non-vtg.)	16,700		1,714
Volkswagen AG	37,300		9,225
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $9,219)		12,324
Money Market Funds - 1.2%

Fidelity Cash Central Fund, 0.16% (b)	1,775,989		1,776
Fidelity Securities Lending Cash Central Fund, 0.15% (b)(c)	6,262,925		6,263
TOTAL MONEY MARKET FUNDS (Cost $8,039)		8,039
TOTAL INVESTMENT PORTFOLIO - 101.1% (Cost $581,183)			658,340
NET OTHER ASSETS (LIABILITIES) - (1.1)%			(7,342)
NET ASSETS - 100%		$ 650,998

Legend

(a) Non-income producing

(d) Security or a portion of the security is on loan at period end.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned (Amounts in thousands)
Fidelity Cash Central Fund	$ 2
Fidelity Securities Lending Cash Central Fund	40
Total	$ 42

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

Valuation Inputs at Reporting Date:
Description (Amounts in thousands)	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 137,450	$ 122,395	$ 15,055	$ -
Consumer Staples	89,547	79,874	9,673	-
Energy	33,075	13,362	19,713	-
Financials	113,955	77,028	36,927	-
Health Care	58,726	50,167	8,559	-
Industrials	60,994	54,677	6,317	-
Information Technology	75,482	65,104	10,378	-
Materials	58,296	24,908	33,388	-
Telecommunication Services	17,260	8,357	8,903	-
Utilities	5,516	5,516	-	-
Money Market Funds	8,039	8,039	-	-
Total Investments in Securities:	$ 658,340	$ 509,427	$ 148,913	$ -

Income Tax Information

At January 31, 2013, the cost of investment securities for income tax purposes was $594,087,000. Net unrealized appreciation aggregated $64,253,000, of which $116,155,000 related to appreciated investment securities and $51,902,000 related to depreciated investment securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee), in accordance with procedures adopted by the Fund's Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Quarterly Report

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity Advisor® Global
Equity Income Fund:
Class A
Class T
Class C
Institutional Class

January 31, 2013

1.938156.100

AGED-QTLY-0313

Investments January 31, 2013 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 94.8%
	Shares		Value
Australia - 1.5%
SP AusNet unit	12,650		$ 15,170
Spark Infrastructure Group unit	9,129		16,707
Telstra Corp. Ltd.	4,046		19,408
TOTAL AUSTRALIA			51,285
Bailiwick of Guernsey - 0.5%
Resolution Ltd.	4,087		17,015
Bailiwick of Jersey - 1.2%
Informa PLC	3,416		25,951
Wolseley PLC	369		17,235
TOTAL BAILIWICK OF JERSEY			43,186
Brazil - 1.9%
Companhia de Bebidas das Americas (AmBev) (PN) sponsored ADR	401		18,871
Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP) sponsored ADR	300		13,353
Itau Unibanco Holding SA sponsored ADR	1,533		26,414
Multiplus SA	350		7,523
TOTAL BRAZIL			66,161
Canada - 0.4%
Fairfax Financial Holdings Ltd. (sub. vtg.)	40		14,357
Chile - 0.9%
Aguas Andinas SA	9,950		7,368
Banco Santander Chile	116,182		8,860
Empresa Nacional de Telecomunicaciones SA (ENTEL)	375		8,156
Inversiones La Construccion SA	422		8,281
TOTAL CHILE			32,665
France - 3.4%
Arkema SA	215		24,522
Euler Hermes SA	277		24,729
Ipsos SA	569		22,675
Sanofi SA	488		47,573
TOTAL FRANCE			119,499
Germany - 1.5%
AURELIUS AG	207		13,041
Hugo Boss AG	220		25,896
Muehlbauer Holding AG & Co.	400		12,850
TOTAL GERMANY			51,787
Common Stocks - continued
	Shares		Value
Hong Kong - 1.0%
HKT Trust / HKT Ltd. unit	38,000		$ 35,426
Indonesia - 0.4%
PT Media Nusantara Citra Tbk	61,000		14,939
Ireland - 2.4%
Accenture PLC Class A	708		50,898
FBD Holdings PLC	1,200		17,760
Irish Continental Group PLC unit	600		16,147
TOTAL IRELAND			84,805
Israel - 1.3%
Israel Chemicals Ltd.	1,700		22,523
Rami Levi Chain Stores Hashikma Marketing 2006 Ltd.	600		21,871
TOTAL ISRAEL			44,394
Italy - 1.3%
ENI SpA	1,800		44,960
Japan - 4.3%
Aozora Bank Ltd.	4,000		11,242
Daito Trust Construction Co. Ltd.	200		19,728
Japan Retail Fund Investment Corp.	13		24,622
Japan Tobacco, Inc.	1,000		31,133
Nippon Telegraph & Telephone Corp.	400		16,753
Relo Holdings Corp.	500		18,426
Seven Bank Ltd.	5,400		13,050
USS Co. Ltd.	120		13,464
TOTAL JAPAN			148,418
Korea (South) - 2.2%
Coway Co. Ltd.	470		20,433
DGB Financial Group Co. Ltd.	860		11,540
KT&G Corp.	287		20,021
LG Telecom Ltd.	2,190		16,385
YESCO Co. Ltd.	360		9,893
TOTAL KOREA (SOUTH)			78,272
Netherlands - 3.0%
Akzo Nobel NV	356		24,357
Koninklijke Philips Electronics NV	1,400		43,604
LyondellBasell Industries NV Class A	595		37,735
TOTAL NETHERLANDS			105,696
Common Stocks - continued
	Shares		Value
Nigeria - 0.6%
Guaranty Trust Bank PLC	62,282		$ 9,738
Nestle Foods Nigeria PLC	1,907		10,193
TOTAL NIGERIA			19,931
Norway - 1.0%
Telenor ASA	1,600		35,293
Panama - 1.2%
Copa Holdings SA Class A	392		42,963
Russia - 0.3%
Mobile TeleSystems OJSC (a)	1,200		10,250
South Africa - 1.1%
Astral Foods Ltd.	1,300		12,826
Clicks Group Ltd.	3,702		24,832
TOTAL SOUTH AFRICA			37,658
Spain - 0.8%
Grifols SA ADR	1,055		28,074
Sweden - 3.6%
Intrum Justitia AB	1,450		23,491
Svenska Handelsbanken AB (A Shares)	1,210		49,482
Swedish Match Co. AB	1,420		53,290
TOTAL SWEDEN			126,263
Switzerland - 2.7%
Clariant AG (Reg.)	1,184		16,224
Roche Holding AG (participation certificate)	245		54,220
UBS AG	1,468		25,496
TOTAL SWITZERLAND			95,940
Taiwan - 1.7%
Chipbond Technology Corp.	5,000		10,295
Far EasTone Telecommunications Co. Ltd.	6,000		15,259
Taiwan Semiconductor Manufacturing Co. Ltd.	10,000		34,263
TOTAL TAIWAN			59,817
United Kingdom - 14.7%
Barclays PLC	5,776		27,731
BP PLC	4,646		34,392
British American Tobacco PLC (United Kingdom)	1,192		61,950
Dunelm Group PLC	1,295		15,609
Ensco PLC Class A	367		23,330
GlaxoSmithKline PLC	2,477		56,659
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Hilton Food Group PLC	4,794		$ 23,998
ICAP PLC	4,647		24,041
London Stock Exchange Group PLC	1,082		20,661
Reckitt Benckiser Group PLC	809		53,915
Royal Dutch Shell PLC Class A (United Kingdom)	1,693		60,015
The Restaurant Group PLC	2,469		14,747
Vodafone Group PLC	22,381		61,081
WH Smith PLC	3,222		34,033
TOTAL UNITED KINGDOM			512,162
United States of America - 39.9%
Altria Group, Inc.	880		29,638
American Tower Corp.	375		28,556
Analog Devices, Inc.	709		30,941
Apple, Inc.	152		69,207
Cedar Fair LP (depositary unit)	757		28,403
CenturyLink, Inc.	605		24,472
Chevron Corp.	696		80,144
Comcast Corp. Class A	1,117		42,535
Cullen/Frost Bankers, Inc.	300		17,667
Dr. Pepper Snapple Group, Inc.	761		34,298
Eli Lilly & Co.	434		23,301
Emerson Electric Co.	490		28,053
Exxon Mobil Corp.	539		48,494
General Electric Co.	3,042		67,776
Hubbell, Inc. Class B	322		29,318
IBM Corp.	295		59,906
ITC Holdings Corp.	300		24,300
Johnson & Johnson	1,233		91,145
JPMorgan Chase & Co.	993		46,721
Limited Brands, Inc.	366		17,575
Lorillard, Inc.	699		27,310
McGraw-Hill Companies, Inc.	238		13,690
Merck & Co., Inc.	1,788		77,331
Microsoft Corp.	1,789		49,144
National Penn Bancshares, Inc.	1,700		16,575
Pfizer, Inc.	1,492		40,702
PG&E Corp.	435		18,548
Psychemedics Corp.	1,047		12,491
Sempra Energy	323		24,241
Tesoro Logistics LP	200		8,800
The Williams Companies, Inc.	1,360		47,668
Common Stocks - continued
	Shares		Value
United States of America - continued
U.S. Bancorp	1,855		$ 61,401
United Technologies Corp.	559		48,952
VF Corp.	225		33,206
Wells Fargo & Co.	2,128		74,118
Western Gas Partners LP	339		17,821
TOTAL UNITED STATES OF AMERICA			1,394,448
TOTAL COMMON STOCKS (Cost $3,059,347)		3,315,664
Preferred Stocks - 1.2%

Convertible Preferred Stocks - 0.1%
United States of America - 0.1%
United Technologies Corp. 7.50%	60		3,416
Nonconvertible Preferred Stocks - 1.1%
Germany - 1.1%
Volkswagen AG	160		39,572
TOTAL PREFERRED STOCKS (Cost $34,873)		42,988
Money Market Funds - 3.2%

Fidelity Cash Central Fund, 0.16% (b) (Cost $110,934)	110,934		110,934
TOTAL INVESTMENT PORTFOLIO - 99.2% (Cost $3,205,154)			3,469,586
NET OTHER ASSETS (LIABILITIES) - 0.8%			26,651
NET ASSETS - 100%		$ 3,496,237

Legend

(a) Non-income producing

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned
Fidelity Cash Central Fund	$ 74

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 362,728	$ 362,728	$ -	$ -
Consumer Staples	424,146	362,196	61,950	-
Energy	365,624	226,257	139,367	-
Financials	631,252	578,025	53,227	-
Health Care	431,496	327,264	104,232	-
Industrials	341,328	297,724	43,604	-
Information Technology	304,654	270,391	34,263	-
Materials	125,361	125,361	-	-
Telecommunication Services	242,483	164,649	77,834	-
Utilities	129,580	129,580	-	-
Money Market Funds	110,934	110,934	-	-
Total Investments in Securities:	$ 3,469,586	$ 2,955,109	$ 514,477	$ -

Income Tax Information

At January 31, 2013, the cost of investment securities for income tax purposes was $3,215,639. Net unrealized appreciation aggregated $253,947, of which $305,870 related to appreciated investment securities and $51,923 related to depreciated investment securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee), in accordance with procedures adopted by the Fund's Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Quarterly Report

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity Advisor® Europe Capital
Appreciation Fund
Class A
Class T
Class B
Class C
Institutional Class

January 31, 2013

1.813041.108

AEUR-QTLY-0313

Investments January 31, 2013 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 93.5%
	Shares		Value
Austria - 0.5%
Erste Bank AG (a)	3,200		$ 107,690
Bailiwick of Guernsey - 0.3%
Resolution Ltd.	15,200		63,281
Bailiwick of Jersey - 2.6%
Experian PLC	15,200		260,599
Shire PLC	4,090		136,820
Wolseley PLC	3,161		147,643
TOTAL BAILIWICK OF JERSEY			545,062
Belgium - 1.8%
Delhaize Group SA	900		42,667
KBC Groupe SA	6,856		270,289
UCB SA	1,200		69,272
TOTAL BELGIUM			382,228
Canada - 0.7%
First Quantum Minerals Ltd.	3,100		62,504
Suncor Energy, Inc.	2,800		95,167
TOTAL CANADA			157,671
Cayman Islands - 0.5%
Hengdeli Holding Ltd.	292,000		102,411
Denmark - 1.4%
Novo Nordisk A/S Series B	1,637		301,359
Finland - 1.0%
Fortum Corp.	3,700		69,380
Kone Oyj (B Shares)	700		57,740
Sampo Oyj (A Shares)	2,500		89,785
TOTAL FINLAND			216,905
France - 10.3%
Alstom SA	1,435		63,695
Arkema SA	1,200		136,866
Atos Origin SA	1,284		93,935
BNP Paribas SA	3,895		244,388
Bollore	100		36,050
Carrefour SA	4,274		121,752
Christian Dior SA	1,400		244,648
Credit Agricole SA (a)	10,000		98,848
Dassault Systemes SA	900		100,059
Essilor International SA	1,307		133,258
Havas SA	1,300		8,519
Common Stocks - continued
	Shares		Value
France - continued
PPR SA	1,200		$ 258,091
Remy Cointreau SA	1,000		127,620
Sanofi SA	5,385		524,963
TOTAL FRANCE			2,192,692
Germany - 7.1%
adidas AG	1,500		139,412
BASF AG	1,681		170,409
Bayer AG	3,500		345,397
Brenntag AG	800		114,001
GSW Immobilien AG	2,500		106,689
HeidelbergCement Finance AG	2,700		170,069
Henkel AG & Co. KGaA	4,800		356,308
SAP AG	1,318		108,086
TOTAL GERMANY			1,510,371
Greece - 0.6%
Jumbo SA	8,900		77,340
Sarantis SA (a)	8,800		52,455
TOTAL GREECE			129,795
Ireland - 2.1%
Elan Corp. PLC (a)	10,900		115,008
Glanbia PLC	7,400		82,592
Ingersoll-Rand PLC	2,300		118,197
Prothena Corp. PLC (a)	251		1,509
Ryanair Holdings PLC sponsored ADR	3,200		124,640
TOTAL IRELAND			441,946
Italy - 3.8%
Brunello Cucinelli SpA	2,000		40,164
ENI SpA	9,800		244,780
Geox SpA	30,000		105,338
Mediobanca SpA	12,365		90,914
Prada SpA	14,700		132,113
Prysmian SpA	5,500		117,694
UniCredit SpA (a)	13,900		89,762
TOTAL ITALY			820,765
Luxembourg - 0.6%
Eurofins Scientific SA	700		125,081
Netherlands - 4.6%
Aalberts Industries NV	3,000		67,435
Common Stocks - continued
	Shares		Value
Netherlands - continued
AEGON NV	21,200		$ 141,538
ASML Holding NV (Netherlands)	847		63,538
D.E. Master Blenders 1753 NV (a)	11,700		144,343
Koninklijke KPN NV	17,148		96,534
Koninklijke Philips Electronics NV	4,700		146,386
LyondellBasell Industries NV Class A	2,300		145,866
NXP Semiconductors NV (a)	2,700		80,973
Randstad Holding NV	2,300		95,375
TOTAL NETHERLANDS			981,988
Norway - 0.5%
DnB NOR ASA	7,400		103,491
South Africa - 0.3%
Naspers Ltd. Class N	900		58,239
Spain - 5.8%
Amadeus IT Holding SA Class A	2,900		72,748
Banco Bilbao Vizcaya Argentaria SA	30,806		306,266
Distribuidora Internacional de Alimentacion SA	11,400		84,267
Grifols SA	3,000		102,039
Grifols SA ADR	3,885		103,380
Inditex SA	1,851		259,371
Repsol YPF SA	4,623		103,227
Telefonica SA	14,169		205,068
TOTAL SPAIN			1,236,366
Sweden - 1.7%
Swedbank AB (A Shares)	8,205		193,580
Swedish Match Co. AB	4,400		165,125
TOTAL SWEDEN			358,705
Switzerland - 9.5%
Aryzta AG	1,900		106,791
Compagnie Financiere Richemont SA Series A	3,471		285,484
Credit Suisse Group	2,372		70,052
Credit Suisse Group sponsored ADR	2,000		59,080
Nestle SA	10,461		734,523
Schindler Holding AG (participation certificate)	1,163		172,523
Syngenta AG (Switzerland)	536		230,500
UBS AG	20,797		361,195
TOTAL SWITZERLAND			2,020,148
Common Stocks - continued
	Shares		Value
United Kingdom - 34.0%
Aggreko PLC	1,700		$ 43,058
Antofagasta PLC	4,500		81,505
Associated British Foods PLC	5,800		160,887
AstraZeneca PLC (United Kingdom)	2,548		123,119
Aviva PLC	19,100		111,284
Barclays PLC	48,048		230,681
Barratt Developments PLC (a)	66,800		230,536
Bellway PLC	8,800		154,920
BHP Billiton PLC	10,018		343,536
British American Tobacco PLC (United Kingdom)	6,500		337,815
British Land Co. PLC	16,792		149,672
Ensco PLC Class A	1,700		108,069
Filtrona PLC	14,000		127,895
Galliford Try PLC	4,400		57,362
Hilton Food Group PLC	9,700		48,556
HSBC Holdings PLC (United Kingdom)	58,600		666,385
Intertek Group PLC	2,000		98,617
Kingfisher PLC	29,900		127,896
Lloyds Banking Group PLC (a)	317,300		259,715
Michael Page International PLC	18,300		118,185
Mitie Group PLC	18,900		84,501
Next PLC	3,000		193,080
Persimmon PLC	12,700		169,698
Prudential PLC	13,875		210,621
Reckitt Benckiser Group PLC	4,100		273,239
Redrow PLC (a)	51,500		152,005
Rightmove PLC	1,300		34,556
Rolls-Royce Group PLC	13,397		201,003
Royal Dutch Shell PLC Class A (United Kingdom)	18,873		669,024
SABMiller PLC	5,100		254,791
Serco Group PLC	5,653		49,715
Standard Chartered PLC (United Kingdom)	6,896		183,469
Taylor Wimpey PLC	280,700		316,753
Ted Baker PLC	7,100		135,578
Tesco PLC	41,200		232,818
The Restaurant Group PLC	7,200		43,005
Vodafone Group PLC	122,700		334,868
Whitbread PLC	3,447		140,500
TOTAL UNITED KINGDOM			7,258,917
United States of America - 3.8%
ANSYS, Inc. (a)	900		66,240
Common Stocks - continued
	Shares		Value
United States of America - continued
Beam, Inc.	2,100		$ 128,814
Coach, Inc.	1,400		71,400
Gilead Sciences, Inc. (a)	2,200		86,790
Google, Inc. Class A (a)	100		75,569
Noble Energy, Inc.	500		53,895
salesforce.com, Inc. (a)	500		86,065
Theravance, Inc. (a)	3,500		77,875
Visa, Inc. Class A	1,100		173,701
TOTAL UNITED STATES OF AMERICA			820,349
TOTAL COMMON STOCKS (Cost $16,980,951)		19,935,460
Nonconvertible Preferred Stocks - 2.1%

Germany - 2.1%
Porsche Automobil Holding SE (Germany)	1,700		147,959
ProSiebenSat.1 Media AG	3,000		102,609
Volkswagen AG	800		197,859
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $317,592)		448,427
Money Market Funds - 4.1%

Fidelity Cash Central Fund, 0.16% (b) (Cost $877,046)	877,046		877,046
TOTAL INVESTMENT PORTFOLIO - 99.7% (Cost $18,175,589)			21,260,933
NET OTHER ASSETS (LIABILITIES) - 0.3%			60,280
NET ASSETS - 100%		$ 21,321,213

Legend

(a) Non-income producing

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned
Fidelity Cash Central Fund	$ 231
Fidelity Securities Lending Cash Central Fund	493
Total	$ 724

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 3,929,484	$ 3,929,484	$ -	$ -
Consumer Staples	3,455,363	3,117,548	337,815	-
Energy	1,274,162	360,358	913,804	-
Financials	4,208,675	1,850,938	2,357,737	-
Health Care	2,245,870	1,044,601	1,201,269	-
Industrials	2,174,419	2,028,033	146,386	-
Information Technology	920,914	749,290	171,624	-
Materials	1,469,150	895,114	574,036	-
Telecommunication Services	636,470	96,534	539,936	-
Utilities	69,380	69,380	-	-
Money Market Funds	877,046	877,046	-	-
Total Investments in Securities:	$ 21,260,933	$ 15,018,326	$ 6,242,607	$ -

Income Tax Information

At January 31, 2013, the cost of investment securities for income tax purposes was $18,317,114. Net unrealized appreciation aggregated $2,943,819, of which $3,274,927 related to appreciated investment securities and $331,108 related to depreciated investment securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee), in accordance with procedures adopted by the Fund's Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Quarterly Report

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity Advisor®
Emerging Asia Fund
Class A
Class T
Class B
Class C
Institutional Class

January 31, 2013

1.813062.108

AEA-QTLY-0313

Investments January 31, 2013 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.4%
	Shares		Value
Australia - 0.1%
Origin Energy Ltd.	40,956		$ 537,705
Bermuda - 1.7%
BW Offshore Ltd.	139,400		143,664
Cafe de Coral Holdings Ltd.	182,000		553,833
Cheung Kong Infrastructure Holdings Ltd.	198,000		1,256,105
Csi Properties Ltd.	3,770,000		165,278
Genting Hong Kong Ltd. (a)	490,000		218,050
Hongkong Land Holdings Ltd.	67,000		524,610
Kunlun Energy Co. Ltd.	778,000		1,617,113
Luk Fook Holdings International Ltd.	66,000		231,477
Man Wah Holdings Ltd.	720,000		662,867
Mandarin Oriental International Ltd.	43,000		72,240
Oriental Watch Holdings Ltd.	1,474,000		579,686
TOTAL BERMUDA			6,024,923
Canada - 0.0%
Turquoise Hill Resources Ltd. (a)	14,600		112,420
Cayman Islands - 7.7%
7 Days Group Holdings Ltd. ADR (a)	24,800		305,040
Baidu.com, Inc. sponsored ADR (a)	3,300		357,390
Baoxin Auto Group Ltd. (a)	170,500		176,977
Chailease Holding Co. Ltd.	98,000		262,174
Changyou.com Ltd. (A Shares) ADR	27,600		850,080
China Lodging Group Ltd. ADR (a)	20,500		372,280
China Medical System Holdings Ltd.	615,000		528,135
China Metal Recycling (Holdings) Ltd.	273,000		331,948
China Sanjiang Fine Chemicals	450,000		199,023
China Shanshui Cement Group Ltd.	926,000		680,584
China Shineway Pharmaceutical Group Ltd.	399,000		729,533
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.	410,000		202,478
Coastal Energy Co. (a)	7,300		160,726
ENN Energy Holdings Ltd.	172,000		823,916
Haitian International Holdings Ltd.	291,000		367,343
Hengdeli Holding Ltd.	228,000		79,965
Honghua Group Ltd.	1,137,000		483,805
Kingsoft Corp. Ltd.	542,000		471,736
KWG Property Holding Ltd.	1,503,000		1,139,547
Lee & Man Paper Manufacturing Ltd.	1,893,000		1,276,580
Longfor Properties Co. Ltd.	527,500		988,969
Melco PBL Entertainment (Macau) Ltd. sponsored ADR (a)	43,600		913,856
Mindray Medical International Ltd. sponsored ADR	4,600		173,880
New World Department Store China Ltd.	794,000		533,401
Common Stocks - continued
	Shares		Value
Cayman Islands - continued
O-Net Communications Group Ltd.	703,000		$ 174,041
Pacific Textile Holdings Ltd.	217,000		195,304
Pactera Technology International Ltd. ADR	16,210		130,166
Sa Sa International Holdings Ltd.	604,000		545,169
Samson Holding Ltd.	4,000,000		649,870
Shenzhou International Group Holdings Ltd.	32,000		77,737
Shimao Property Holdings Ltd.	318,000		702,803
SOHO China Ltd.	772,000		694,814
SouFun Holdings Ltd. ADR (d)	28,700		741,034
Springland International Holdings Ltd.	905,000		541,455
SPT Energy Group, Inc.	380,000		177,373
TCC International Holdings Ltd.	204,000		70,758
Tencent Holdings Ltd.	179,900		6,295,595
Tiangong International Co. Ltd.	782,000		240,991
TPK Holding Co. Ltd.	51,000		877,345
Uni-President China Holdings Ltd.	472,000		553,225
Vinda International Holdings Ltd.	76,000		105,248
Wynn Macau Ltd. (a)	380,000		1,065,709
Xueda Education Group sponsored ADR	88,200		259,308
Yingde Gases Group Co. Ltd.	360,000		403,848
Youyuan International Holdings Ltd.	508,000		118,560
Zhen Ding Technology Holding Ltd.	48,000		117,846
TOTAL CAYMAN ISLANDS			27,147,565
China - 11.1%
Air China Ltd. (H Shares)	1,728,000		1,479,475
China Communications Services Corp. Ltd. (H Shares)	3,598,000		2,189,772
China Construction Bank Corp. (H Shares)	10,477,000		9,037,719
China Eastern Airlines Corp. Ltd. (H Shares) (a)	1,268,000		577,690
China Longyuan Power Grid Corp. Ltd. (H Shares)	729,000		610,994
China Merchants Bank Co. Ltd. (H Shares)	685,000		1,641,089
China National Building Materials Co. Ltd. (H Shares)	584,000		932,243
China Oilfield Services Ltd. (H Shares)	412,000		892,488
China Pacific Insurance Group Co. Ltd. (H Shares)	531,600		2,076,937
China Petroleum & Chemical Corp. (H Shares)	2,600,000		3,154,561
China Railway Construction Corp. Ltd. (H Shares)	2,583,000		2,791,028
China Railway Group Ltd. (H Shares)	1,873,000		1,067,470
China Southern Airlines Ltd. (H Shares)	2,514,000		1,510,591
China Suntien Green Energy Corp. Ltd. (H Shares)	2,431,000		539,150
Chongqing Machinery & Electric Co. Ltd. (H Shares)	1,610,000		280,256
Great Wall Motor Co. Ltd. (H Shares)	362,500		1,474,698
Guangzhou R&F Properties Co. Ltd. (H Shares)	443,200		804,634
Common Stocks - continued
	Shares		Value
China - continued
Huaneng Renewables Corp. Ltd. (H Shares) (a)	1,874,000		$ 357,624
Industrial & Commercial Bank of China Ltd. (H Shares)	9,834,000		7,405,235
Sinotrans Ltd. (H Shares)	1,130,000		205,444
Yantai Changyu Pioneer Wine Co. (B Shares)	26,300		162,472
TOTAL CHINA			39,191,570
Hong Kong - 14.7%
AIA Group Ltd.	1,983,400		7,889,714
BOC Hong Kong (Holdings) Ltd.	648,000		2,235,088
Cheung Kong Holdings Ltd.	295,000		4,838,435
China Everbright Ltd.	266,000		501,447
China Mobile Ltd.	804,500		8,796,566
China Resources Power Holdings Co. Ltd.	540,000		1,493,540
CITIC Pacific Ltd.	1,587,000		2,553,802
City Telecom (HK) Ltd. (CTI)	1,484,000		451,587
Galaxy Entertainment Group Ltd. (a)	417,000		1,879,226
Hysan Development Co. Ltd.	314,000		1,581,053
Lai Sun Development Co. Ltd. (a)	4,142,000		181,587
Lenovo Group Ltd.	2,690,000		2,799,121
Magnificent Estates Ltd.	1,922,000		115,240
Melco International Development Ltd.	383,000		617,312
New World Development Co. Ltd.	1,757,437		3,231,432
PCCW Ltd.	6,123,000		2,708,034
Power Assets Holdings Ltd.	429,000		3,717,255
Singamas Container Holdings Ltd.	1,354,000		391,077
Sun Hung Kai Properties Ltd.	284,976		4,677,701
Vitasoy International Holdings Ltd.	394,000		415,063
Wing Hang Bank Ltd.	73,500		770,502
TOTAL HONG KONG			51,844,782
India - 10.1%
Aditya Birla Nuvo Ltd.	37,660		802,824
Apollo Hospitals Enterprise Ltd.	35,992		546,214
Apollo Tyres Ltd. (a)	433,261		699,398
Axis Bank Ltd.	76,498		2,161,257
Britannia Industries Ltd. (a)	15,444		139,728
Cairn India Ltd.	110,428		670,134
Cox & Kings India Ltd.	69,582		177,432
Dena Bank	289,157		607,862
Dish TV India Ltd. (a)	183,743		248,152
Gateway Distriparks Ltd.	178,612		452,607
Grasim Industries Ltd. (a)	35,290		2,054,861
Common Stocks - continued
	Shares		Value
India - continued
Hathway Cable & Datacom Ltd. (a)	138,178		$ 659,831
HCL Infosystems Ltd.	318,811		217,827
HDFC Bank Ltd.	287,584		3,474,819
Hindalco Industries Ltd.	821,522		1,791,851
Housing Development Finance Corp. Ltd. (a)	251,690		3,715,941
ICICI Bank Ltd.	80,680		1,798,837
IDBI Bank Ltd.	198,940		401,801
INFO Edge India Ltd.	9,106		58,986
Infotech Enterprises Ltd.	71,366		231,144
Ipca Laboratories Ltd.	40,891		377,863
ITC Ltd.	386,986		2,234,749
Jaypee Infratech Ltd. (a)	349,403		326,940
Jubilant Foodworks Ltd. (a)	9,696		218,508
Larsen & Toubro Ltd.	55,356		1,602,077
Mahindra & Mahindra Financial Services Ltd.	45,566		886,687
Manappuram General Finance & Leasing Ltd.	315,220		257,679
Maruti Suzuki India Ltd.	40,559		1,204,094
McLeod Russel India Ltd. (a)	83,197		565,318
MindTree Consulting Ltd.	22,528		333,512
Muthoot Finance Ltd. (a)	123,681		528,271
NIIT Technologies Ltd.	77,144		382,209
NTPC Ltd.	268,892		792,922
Opto Circuits India Ltd.	107,200		159,769
Petronet LNG Ltd.	393,494		1,120,839
Shriram City Union Finance Ltd. (a)	29,209		602,218
Simplex Infrastructures Ltd. (a)	27,613		95,525
Strides Arcolab Ltd.	41,354		842,993
Tata Chemicals Ltd. (a)	128,558		863,528
Tech Mahindra Ltd. (a)	31,879		597,757
Yes Bank Ltd.	69,097		677,222
Zydus Wellness Ltd.	7,735		72,355
TOTAL INDIA			35,654,541
Indonesia - 4.0%
PT ACE Hardware Indonesia Tbk	4,525,000		354,626
PT Bank Bukopin Tbk	7,892,500		545,291
PT Bank Mandiri (Persero) Tbk	2,751,000		2,567,307
PT Bank Rakyat Indonesia Tbk	5,801,000		4,755,637
PT BISI International Tbk	1,735,500		143,170
PT Global Mediacom Tbk	4,695,500		1,053,125
PT Kalbe Farma Tbk	7,747,500		870,817
PT Media Nusantara Citra Tbk	697,500		170,823
Common Stocks - continued
	Shares		Value
Indonesia - continued
PT Pembangunan Perumahan Persero Tbk	7,025,500		$ 630,282
PT Telkomunikasi Indonesia Tbk Series B	2,771,500		2,787,968
PT Tempo Scan Pacific Tbk	963,000		352,528
TOTAL INDONESIA			14,231,574
Isle of Man - 0.5%
Genting Singapore PLC	1,285,000		1,609,300
Japan - 0.2%
Suzuki Motor Corp.	21,400		560,011
Korea (South) - 19.2%
BS Financial Group, Inc.	125,840		1,665,514
Chong Kun Dang Pharmaceutical Corp.	4,900		191,179
CJ CheilJedang Corp.	2,482		846,336
CJ Corp.	19,705		2,263,880
DGB Financial Group Co. Ltd.	162,470		2,180,184
Dongbu Insurance Co. Ltd.	10,400		446,393
Hanjin Shipping Co. Ltd. (a)	61,740		663,926
Hotel Shilla Co.	37,626		1,585,603
Hyundai Hysco Co. Ltd.	28,800		997,932
Hyundai Steel Co.	22,011		1,677,109
Hyundai Wia Corp.	5,633		761,069
Industrial Bank of Korea	96,490		1,090,823
KCC Corp.	1,444		386,213
Korea Electric Power Corp. (a)	49,020		1,456,151
LG Chemical Ltd.	9,141		2,558,280
LG Home Shopping, Inc.	3,707		581,258
LG International Corp.	33,990		1,405,823
LG Telecom Ltd.	75,570		565,381
LIG Insurance Co. Ltd.	11,190		262,777
Lotte Samkang Co. Ltd.	3,184		1,998,761
Paradise Co. Ltd.	28,765		507,613
POSCO	13,568		4,439,141
S-Oil Corp.	22,870		2,057,860
Samsung Electronics Co. Ltd.	16,415		21,846,229
Samsung Fire & Marine Insurance Co. Ltd.	10,549		2,137,898
Samsung Heavy Industries Ltd.	80,390		2,826,184
SBS Contents Hub Co. Ltd.	12,352		160,643
Shinhan Financial Group Co. Ltd.	69,760		2,625,593
SK Chemicals Co. Ltd.	7,914		434,975
SK Energy Co. Ltd.	17,968		2,832,245
SK Holdings Co. Ltd.	13,892		2,196,141
Common Stocks - continued
	Shares		Value
Korea (South) - continued
Soulbrain Co. Ltd.	16,567		$ 590,042
Woori Finance Holdings Co. Ltd.	103,430		1,216,812
TOTAL KOREA (SOUTH)			67,455,968
Malaysia - 1.5%
Bumiputra-Commerce Holdings Bhd	1,284,800		2,981,464
Glomac Bhd	1,063,500		292,659
Malaysian Plantations Bhd	508,000		698,153
Telekom Malaysia Bhd	486,400		868,851
TIME dotCom Bhd	293,300		349,279
Top Glove Corp. Bhd	98,600		165,973
TOTAL MALAYSIA			5,356,379
Papua New Guinea - 0.3%
Oil Search Ltd. ADR	131,727		1,002,764
Philippines - 1.5%
Alliance Global Group, Inc.	234,300		108,891
Cebu Air, Inc.	254,000		386,834
Manila Water Co., Inc.	2,068,100		1,823,748
PUREGOLD Price Club, Inc.	954,100		819,106
Security Bank Corp.	262,470		1,119,898
SM Investments Corp.	41,690		974,917
TOTAL PHILIPPINES			5,233,394
Singapore - 3.3%
Ascendas Real Estate Investment Trust	900,000		1,839,777
Avago Technologies Ltd.	39,700		1,420,069
First Resources Ltd.	471,000		743,995
Global Logistic Properties Ltd.	574,000		1,280,039
Mapletree Industrial (REIT)	966,000		1,069,301
Mapletree Logistics Trust (REIT)	1,477,189		1,396,446
StarHub Ltd.	266,000		838,201
UOL Group Ltd.	404,000		2,040,157
Wing Tai Holdings Ltd.	213,000		327,851
Yanlord Land Group Ltd. (a)	401,000		521,642
TOTAL SINGAPORE			11,477,478
Taiwan - 11.6%
ASUSTeK Computer, Inc.	270,000		3,090,417
Chicony Electronics Co. Ltd.	372,075		1,031,932
Chinatrust Financial Holding Co. Ltd.	4,162,688		2,382,304
Chipbond Technology Corp.	639,000		1,315,652
Common Stocks - continued
	Shares		Value
Taiwan - continued
E.SUN Financial Holdings Co. Ltd.	131,096		$ 75,026
ECLAT Textile Co. Ltd.	30,000		126,990
Far EasTone Telecommunications Co. Ltd.	623,000		1,584,399
Fubon Financial Holding Co. Ltd.	1,735,000		2,217,956
Hon Hai Precision Industry Co. Ltd. (Foxconn)	1,624,590		4,643,258
MediaTek, Inc.	289,000		3,161,090
Mega Financial Holding Co. Ltd.	1,777,000		1,453,253
Novatek Microelectronics Corp.	175,000		696,326
Radiant Opto-Electronics Corp.	131,360		509,337
Taishin Financial Holdings Co. Ltd.	2,197,000		870,467
Taiwan Mobile Co. Ltd.	715,000		2,542,330
Taiwan Semiconductor Manufacturing Co. Ltd.	3,560,393		12,199,040
Unified-President Enterprises Corp.	1,509,150		2,647,273
Wowprime Corp.	13,000		183,796
TOTAL TAIWAN			40,730,846
Thailand - 6.3%
Advanced Info Service PCL (For. Reg.)	306,200		2,156,338
Amata Corp. PCL (For. Reg.)	663,700		454,040
Bangchak Petroleum PCL (For. Reg.)	308,700		372,676
Bangkok Expressway PCL (For.Reg.)	382,700		529,389
BEC World PCL (For. Reg.)	309,800		753,203
Charoen Pokphand Foods PCL (For. Reg.)	994,000		1,183,333
Home Product Center PCL (For. Reg.)	364,560		168,710
Kasikornbank PCL:
NVDR	55,600		370,107
(For. Reg.)	427,500		2,867,203
Preuksa Real Estate PCL (For. Reg.)	908,400		913,883
PTT Global Chemical PCL (For. Reg.)	659,667		1,769,730
PTT PCL (For. Reg.)	356,500		4,076,677
Siam Commercial Bank PCL (For. Reg.)	685,100		4,112,438
Sino Thai Engineering & Construction PCL (For. Reg.)	901,600		846,573
Thai Tap Water Supply PCL	1,488,500		514,137
Thanachart Capital PCL (For. Reg.)	541,600		703,789
Toyo-Thai Corp. PCL NVDR	211,900		252,262
TOTAL THAILAND			22,044,488
United Kingdom - 0.9%
HSBC Holdings PLC (Hong Kong)	68,078		770,932
Standard Chartered PLC (Hong Kong)	77,428		2,040,679
Vedanta Resources PLC	24,900		475,476
TOTAL UNITED KINGDOM			3,287,087
Common Stocks - continued
	Shares		Value
United States of America - 1.7%
China Natural Gas, Inc. (a)(d)	13,300		$ 11,305
Citigroup, Inc.	37,800		1,593,648
Cognizant Technology Solutions Corp. Class A (a)	30,900		2,415,762
Las Vegas Sands Corp.	29,700		1,640,925
Yum! Brands, Inc.	4,100		266,254
TOTAL UNITED STATES OF AMERICA			5,927,894
TOTAL COMMON STOCKS (Cost $277,046,653)		339,430,689
Money Market Funds - 3.1%

Fidelity Cash Central Fund, 0.16% (b)	10,603,206		10,603,206
Fidelity Securities Lending Cash Central Fund, 0.15% (b)(c)	290,600		290,600
TOTAL MONEY MARKET FUNDS (Cost $10,893,806)		10,893,806
TOTAL INVESTMENT PORTFOLIO - 99.5% (Cost $287,940,459)			350,324,495
NET OTHER ASSETS (LIABILITIES) - 0.5%			1,678,314
NET ASSETS - 100%		$ 352,002,809

Legend

(a) Non-income producing

(b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

(d) Security or a portion of the security is on loan at period end.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned
Fidelity Cash Central Fund	$ 1,214
Fidelity Securities Lending Cash Central Fund	2,655
Total	$ 3,869

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 25,651,421	$ 25,651,421	$ -	$ -
Consumer Staples	12,630,132	12,630,132	-	-
Energy	20,042,258	16,887,697	3,154,561	-
Financials	120,350,703	113,698,253	6,652,450	-
Health Care	4,938,884	4,938,884	-	-
Industrials	27,975,464	27,397,774	577,690	-
Information Technology	67,125,544	54,926,504	12,199,040	-
Materials	22,019,880	15,193,930	6,494,002	331,948
Telecommunication Services	25,838,706	14,254,172	11,584,534	-
Utilities	12,857,697	11,401,546	1,456,151	-
Money Market Funds	10,893,806	10,893,806	-	-
Total Investments in Securities:	$ 350,324,495	$ 307,874,119	$ 42,118,428	$ 331,948

Income Tax Information

At January 31, 2013, the cost of investment securities for income tax purposes was $289,663,215. Net unrealized appreciation aggregated $60,661,280, of which $65,339,137 related to appreciated investment securities and $4,677,857 related to depreciated investment securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee), in accordance with procedures adopted by the Fund's Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Quarterly Report

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity Advisor® Value Leaders Fund Class A
Class T
Class B
Class C
Institutional Class

January 31, 2013

1.813052.108

AVLF-QTLY-0313

Investments January 31, 2013 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.8%
	Shares		Value
CONSUMER DISCRETIONARY - 6.9%
Diversified Consumer Services - 2.3%
Apollo Group, Inc. Class A (non-vtg.) (a)	16,258		$ 328,737
DeVry, Inc.	11,693		294,313
			623,050
Household Durables - 1.1%
Garmin Ltd. (d)	7,517		284,819
Media - 2.5%
DISH Network Corp. Class A	6,878		256,343
Washington Post Co. Class B	1,062		409,592
			665,935
Multiline Retail - 1.0%
J.C. Penney Co., Inc. (d)	13,613		276,752
TOTAL CONSUMER DISCRETIONARY			1,850,556
CONSUMER STAPLES - 7.6%
Beverages - 0.3%
PepsiCo, Inc.	900		65,565
Food & Staples Retailing - 1.9%
CVS Caremark Corp.	5,290		270,848
Wal-Mart Stores, Inc.	3,446		241,048
			511,896
Food Products - 3.1%
Kraft Foods Group, Inc.	7,806		360,793
Mondelez International, Inc.	17,218		478,488
			839,281
Household Products - 2.3%
Procter & Gamble Co.	8,193		615,786
TOTAL CONSUMER STAPLES			2,032,528
ENERGY - 14.4%
Energy Equipment & Services - 3.4%
Cameron International Corp. (a)	6,051		383,089
Halliburton Co.	10,532		428,442
Weatherford International Ltd. (a)	7,437		99,284
			910,815
Oil, Gas & Consumable Fuels - 11.0%
Anadarko Petroleum Corp.	8,811		705,056
Apache Corp.	1,600		134,016
Common Stocks - continued
	Shares		Value
ENERGY - continued
Oil, Gas & Consumable Fuels - continued
Chevron Corp.	7,115		$ 819,292
Exxon Mobil Corp.	8,528		767,264
Occidental Petroleum Corp.	5,108		450,883
The Williams Companies, Inc.	2,012		70,521
			2,947,032
TOTAL ENERGY			3,857,847
FINANCIALS - 26.5%
Capital Markets - 4.5%
Bank of New York Mellon Corp.	6,700		181,972
E*TRADE Financial Corp. (a)	50,408		534,829
Goldman Sachs Group, Inc.	1,204		178,023
State Street Corp.	5,832		324,551
			1,219,375
Commercial Banks - 9.0%
Aozora Bank Ltd.	247,000		694,177
Comerica, Inc.	1,700		58,412
Fifth Third Bancorp	15,105		246,060
KeyCorp	58,828		552,983
PNC Financial Services Group, Inc.	800		49,440
U.S. Bancorp	4,771		157,920
Wells Fargo & Co.	13,726		478,077
Zions Bancorporation	7,298		170,189
			2,407,258
Consumer Finance - 1.4%
Capital One Financial Corp.	6,500		366,080
Diversified Financial Services - 6.2%
Bank of America Corp.	18,855		213,439
Citigroup, Inc.	22,391		944,005
JPMorgan Chase & Co.	10,525		495,201
			1,652,645
Insurance - 4.6%
Allstate Corp.	3,840		168,576
Assurant, Inc.	2,967		113,458
MetLife, Inc.	2,888		107,838
RenaissanceRe Holdings Ltd.	3,119		267,111
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Insurance - continued
The Chubb Corp.	2,585		$ 207,601
XL Group PLC Class A	12,939		358,669
			1,223,253
Real Estate Investment Trusts - 0.6%
Weyerhaeuser Co.	5,687		171,292
Thrifts & Mortgage Finance - 0.2%
Radian Group, Inc.	9,249		59,471
TOTAL FINANCIALS			7,099,374
HEALTH CARE - 11.8%
Health Care Providers & Services - 0.3%
HCA Holdings, Inc.	2,301		86,633
Pharmaceuticals - 11.5%
Bristol-Myers Squibb Co.	3,599		130,068
Eli Lilly & Co.	1,929		103,568
Johnson & Johnson	5,892		435,537
Merck & Co., Inc.	26,647		1,152,483
Pfizer, Inc.	41,501		1,132,147
Sanofi SA sponsored ADR	2,640		128,515
Zoetis, Inc. Class A	300		7,800
			3,090,118
TOTAL HEALTH CARE			3,176,751
INDUSTRIALS - 7.8%
Aerospace & Defense - 2.3%
Textron, Inc.	21,847		628,320
Construction & Engineering - 1.1%
Jacobs Engineering Group, Inc. (a)	6,007		288,997
Industrial Conglomerates - 4.4%
General Electric Co.	52,947		1,179,660
TOTAL INDUSTRIALS			2,096,977
INFORMATION TECHNOLOGY - 10.7%
Communications Equipment - 1.0%
Cisco Systems, Inc.	13,014		267,698
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Computers & Peripherals - 2.2%
Dell, Inc.	5,700		$ 75,468
Hewlett-Packard Co.	31,853		525,893
			601,361
Internet Software & Services - 1.9%
Yahoo!, Inc. (a)	25,690		504,295
Office Electronics - 1.1%
Xerox Corp.	36,484		292,237
Semiconductors & Semiconductor Equipment - 1.3%
Advanced Micro Devices, Inc. (a)(d)	15,339		39,881
Intel Corp.	3,262		68,632
Micron Technology, Inc. (a)	31,307		236,681
			345,194
Software - 3.2%
Comverse Technology, Inc.	85,152		371,263
Comverse, Inc.	9,935		286,923
Microsoft Corp.	3,210		88,179
Symantec Corp. (a)	5,685		123,762
			870,127
TOTAL INFORMATION TECHNOLOGY			2,880,912
MATERIALS - 4.2%
Chemicals - 1.0%
The Dow Chemical Co.	8,441		271,800
Metals & Mining - 2.4%
Freeport-McMoRan Copper & Gold, Inc.	3,449		121,577
Newmont Mining Corp.	12,038		517,152
			638,729
Paper & Forest Products - 0.8%
International Paper Co.	5,586		231,372
TOTAL MATERIALS			1,141,901
TELECOMMUNICATION SERVICES - 2.4%
Diversified Telecommunication Services - 0.1%
AT&T, Inc.	736		25,605
Common Stocks - continued
	Shares		Value
TELECOMMUNICATION SERVICES - continued
Wireless Telecommunication Services - 2.3%
Sprint Nextel Corp. (a)	109,310		$ 615,415
TOTAL TELECOMMUNICATION SERVICES			641,020
UTILITIES - 3.5%
Electric Utilities - 2.3%
Edison International	7,916		381,472
FirstEnergy Corp.	1,636		66,242
NextEra Energy, Inc.	2,199		158,438
			606,152
Multi-Utilities - 1.2%
Sempra Energy	4,300		322,715
TOTAL UTILITIES			928,867
TOTAL COMMON STOCKS (Cost $25,168,320)		25,706,733
Money Market Funds - 7.9%

Fidelity Cash Central Fund, 0.16% (b)	1,223,791		1,223,791
Fidelity Securities Lending Cash Central Fund, 0.15% (b)(c)	883,704		883,704
TOTAL MONEY MARKET FUNDS (Cost $2,107,495)		2,107,495
TOTAL INVESTMENT PORTFOLIO - 103.7% (Cost $27,275,815)			27,814,228
NET OTHER ASSETS (LIABILITIES) - (3.7)%			(993,093)
NET ASSETS - 100%		$ 26,821,135

Legend

(a) Non-income producing

(d) Security or a portion of the security is on loan at period end.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned
Fidelity Cash Central Fund	$ 332
Fidelity Securities Lending Cash Central Fund	4,616
Total	$ 4,948

Other Information

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, please refer to the Investment Valuation section at the end of this listing.

Income Tax Information

At January 31, 2013, the cost of investment securities for income tax purposes was $27,799,694. Net unrealized appreciation aggregated $14,534, of which $2,444,725 related to appreciated investment securities and $2,430,191 related to depreciated investment securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee), in accordance with procedures adopted by the Fund's Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Quarterly Report

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity Advisor® Global Capital
Appreciation Fund
Class A
Class T
Class B
Class C
Institutional Class

January 31, 2013

1.813039.108

AGLO-QTLY-0313

Investments January 31, 2013 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.1%
	Shares		Value
Australia - 1.9%
Boart Longyear Ltd.	125,412		$ 268,098
Carsales.com Ltd.	56,367		521,374
Flexigroup Ltd.	53,144		222,783
Goodman Group unit	29,684		139,295
McMillan Shakespeare Ltd.	12,889		184,943
Nufarm Ltd.	24,640		142,862
Ramsay Health Care Ltd.	3,283		101,131
TOTAL AUSTRALIA			1,580,486
Austria - 0.1%
OMV AG	2,400		98,935
Belgium - 0.8%
Anheuser-Busch InBev SA NV ADR	7,000		620,200
Melexis NV	800		15,175
TOTAL BELGIUM			635,375
Bermuda - 0.3%
Fairwood Holdings Ltd.	66,000		141,269
Soundwill Holdings Ltd.	38,000		106,571
TOTAL BERMUDA			247,840
Brazil - 1.6%
Abril Educacao SA unit	11,300		248,602
CCR SA	19,300		199,169
Mills Estruturas e Servicos de Engenharia SA	13,300		223,743
Multiplus SA	8,100		174,093
Qualicorp SA (a)	21,000		217,240
Totvs SA	10,500		228,682
TOTAL BRAZIL			1,291,529
British Virgin Islands - 0.4%
Mail.ru Group Ltd. GDR (Reg. S)	8,800		292,776
Canada - 1.5%
B2Gold Corp. (a)	15,688		60,399
Canadian Natural Resources Ltd.	12,500		377,481
DeeThree Exploration Ltd. (a)	24,700		168,645
Osisko Mining Corp. (a)	12,200		84,522
PetroBakken Energy Ltd.	11,935		105,302
Petrobank Energy & Resources Ltd. (a)	10,800		9,312
Suncor Energy, Inc.	11,700		397,664
SunOpta, Inc. (a)	2,900		20,764
TOTAL CANADA			1,224,089
Common Stocks - continued
	Shares		Value
Cayman Islands - 4.0%
AAC Acoustic Technology Holdings, Inc.	57,000		$ 220,492
Biostime International Holdings Ltd.	17,500		72,546
China Medical System Holdings Ltd.	364,000		312,587
China State Construction International Holdings Ltd.	168,000		220,522
Cimc Enric Holdings Ltd.	308,000		312,551
Coastal Energy Co. (a)	9,800		215,769
Eurasia Drilling Co. Ltd. GDR (Reg. S)	5,300		200,870
Pico Far East Holdings Ltd.	674,000		185,112
Sa Sa International Holdings Ltd.	286,000		258,143
Shenzhou International Group Holdings Ltd.	170,000		412,977
SITC International Holdings Co. Ltd.	191,000		66,988
SOHO China Ltd.	301,500		271,355
Sunny Optical Technology Group Co. Ltd.	66,000		56,167
Tencent Holdings Ltd.	6,000		209,970
Towngas China Co. Ltd.	257,000		212,084
TOTAL CAYMAN ISLANDS			3,228,133
China - 0.3%
China Oilfield Services Ltd. (H Shares)	94,000		203,626
Denmark - 0.3%
Novo Nordisk A/S Series B	1,100		202,501
Finland - 0.5%
KCI Konecranes Oyj	6,300		211,715
PK Cables OY	9,000		204,322
TOTAL FINLAND			416,037
France - 2.8%
BNP Paribas SA	4,500		282,348
Christian Dior SA	1,200		209,699
Club Mediterranee SA (a)	12,400		234,704
Sanofi SA sponsored ADR	24,400		1,187,787
Virbac SA	1,000		224,037
Zodiac Aerospace	1,600		175,058
TOTAL FRANCE			2,313,633
Germany - 3.4%
Aareal Bank AG (a)	10,646		253,832
adidas AG	2,800		260,236
Bertrandt AG	2,600		286,518
Brenntag AG	1,500		213,752
Carl Zeiss Meditec AG	7,400		241,748
HeidelbergCement Finance AG	3,200		201,563
Common Stocks - continued
	Shares		Value
Germany - continued
Isra Vision AG	2,100		$ 79,211
KUKA AG (a)	6,600		256,209
LPKF Laser & Electronics AG	9,000		204,994
MLP AG	14,200		123,204
MTU Aero Engines Holdings AG	2,300		219,262
Rational AG	800		242,449
SAP AG	2,418		198,294
TOTAL GERMANY			2,781,272
Hong Kong - 0.4%
Galaxy Entertainment Group Ltd. (a)	57,000		256,873
Magnificent Estates Ltd.	1,646,000		98,691
TOTAL HONG KONG			355,564
India - 4.7%
Britannia Industries Ltd. (a)	20,064		181,527
Cipla Ltd.	26,724		204,186
IndusInd Bank Ltd.	29,490		241,234
INFO Edge India Ltd.	63,340		410,298
Ipca Laboratories Ltd.	30,267		279,689
Jubilant Foodworks Ltd. (a)	7,531		169,718
Kotak Mahindra Bank Ltd.	7,683		98,116
Manappuram General Finance & Leasing Ltd.	297,299		243,029
Max India Ltd.	64,536		302,723
Natco Pharma Ltd.	11,402		98,867
Oracle Finance Services Software Ltd. (a)	3,317		198,836
Page Industries Ltd.	4,642		295,751
Pidilite Industries Ltd. (a)	56,696		247,377
Shriram Transport Finance Co. Ltd.	7,891		116,984
Smithkline Beecham Consumer Healthcare Ltd.	1,614		114,255
Sobha Developers Ltd. (a)	33,307		268,332
Speciality Restaurants Ltd.	55,563		179,700
Talwalkars Better Value Fitness Ltd.	31,015		103,742
Zee Entertainment Enterprises Ltd. (a)	24,691		106,643
TOTAL INDIA			3,861,007
Indonesia - 1.1%
PT Alam Sutera Realty Tbk	2,806,000		222,801
PT Ciputra Development Tbk	2,217,500		210,373
PT Global Mediacom Tbk	1,003,000		224,957
PT Surya Semesta Internusa Tbk	1,557,500		223,245
TOTAL INDONESIA			881,376
Common Stocks - continued
	Shares		Value
Ireland - 1.6%
Paddy Power PLC (Ireland)	4,200		$ 348,439
Trinity Biotech PLC sponsored ADR	60,641		978,139
TOTAL IRELAND			1,326,578
Italy - 1.3%
De Longhi SpA	26,000		420,456
ENI SpA	15,500		387,152
Gentium SpA sponsored ADR (a)	4,100		49,118
Prada SpA	22,100		198,619
TOTAL ITALY			1,055,345
Japan - 9.0%
Ajinomoto Co., Inc.	15,000		203,565
ARNEST ONE Corp.	17,200		274,989
CAC Corp.	22,700		191,390
Chiyoda Corp.	11,000		137,974
cocokara fine HOLDINGS, Inc.	6,100		200,454
Credit Saison Co. Ltd.	7,300		154,310
DeNA Co. Ltd.	5,200		164,453
Hamakyorex Co. Ltd.	3,000		96,615
Hino Motors Ltd.	27,000		283,449
Hitachi Capital Corp.	16,400		326,583
IT Holdings Corp.	26,000		367,631
J Trust Co. Ltd.	15,300		265,527
Kanamoto Co. Ltd.	16,000		254,404
Kanto Natural Gas Development	36,000		198,808
Kitz Corp.	41,300		212,721
Mitsubishi UFJ Lease & Finance Co. Ltd.	4,740		215,372
Monex Group, Inc.	808		236,449
Nakanishi, Inc.	1,000		115,917
NSD Co. Ltd.	24,400		226,003
ORIX Corp.	2,510		268,169
Otsuka Corp.	4,000		327,629
Otsuka Holdings Co. Ltd.	7,100		228,890
Pigeon Corp.	4,000		218,273
Relo Holdings Corp.	9,200		339,045
Ryoyo Electro Corp.	16,500		150,123
Shinsei Bank Ltd.	190,000		388,540
The Suruga Bank Ltd.	23,000		299,809
Tohokushinsha Film Corp.	28,400		221,436
Toshiba Plant Systems & Services Corp.	7,000		97,753
Tsutsumi Jewelry Co. Ltd.	15,500		380,868
Common Stocks - continued
	Shares		Value
Japan - continued
Utoc Corp.	18,700		$ 55,009
Wacom Co. Ltd.	34		110,836
Workman Co. Ltd.	3,700		104,391
TOTAL JAPAN			7,317,385
Korea (South) - 3.4%
Cheil Worldwide, Inc.	6,870		141,440
CJ Corp.	1,786		205,191
GS Retail Co. Ltd.	7,240		182,329
Hana Tour Service, Inc.	3,171		205,180
Korea Express Co. Ltd. (a)	1,712		188,822
Korea Kolmar Holdings Co. Ltd.	13,390		165,527
KT Skylife Co. Ltd. (a)	7,650		226,053
LIG Insurance Co. Ltd.	7,010		164,617
Lotte Samkang Co. Ltd.	382		239,801
Orion Corp.	224		209,380
Osstem Implant Co. Ltd. (a)	6,022		190,953
Samsung Electronics Co. Ltd.	436		580,259
Suprema, Inc.	5,866		90,038
TOTAL KOREA (SOUTH)			2,789,590
Luxembourg - 1.1%
Altisource Portfolio Solutions SA (a)	2,200		193,314
Eurofins Scientific SA	1,500		268,030
L'Occitane Ltd.	68,500		205,799
Samsonite International SA	89,700		195,468
TOTAL LUXEMBOURG			862,611
Mexico - 2.0%
Alsea SAB de CV	251,900		584,054
Coca-Cola FEMSA SAB de CV Series L	6,600		104,441
Embotelladoras Arca SAB de CC	28,200		215,050
Fibra Uno Administracion SA de CV	64,700		202,731
Fomento Economico Mexicano SAB de CV unit	22,100		238,632
Grupo Financiero Banorte S.A.B. de CV Series O	38,800		267,535
TOTAL MEXICO			1,612,443
Netherlands - 2.1%
Brunel International NV	4,600		246,338
European Aeronautic Defence and Space Co. (EADS) NV	4,500		211,440
Gemalto NV	4,211		374,967
LyondellBasell Industries NV Class A	4,700		298,074
Common Stocks - continued
	Shares		Value
Netherlands - continued
Randstad Holding NV	1,700		$ 70,494
Unilever NV (Certificaten Van Aandelen) (Bearer)	12,915		523,267
TOTAL NETHERLANDS			1,724,580
New Zealand - 0.4%
Diligent Board Member Services, Inc. (a)	50,567		228,305
Summerset Group Holdings Ltd. (a)	55,476		111,733
TOTAL NEW ZEALAND			340,038
Norway - 0.7%
DnB NOR ASA	14,600		204,185
TGS Nopec Geophysical Co. ASA	9,900		369,694
TOTAL NORWAY			573,879
Panama - 0.5%
Copa Holdings SA Class A	3,302		361,899
Philippines - 1.4%
Bank of the Philippine Islands (BPI)	90,010		221,100
Belle Corp. (a)	1,499,000		186,685
EastWest Banking Corp.	342,800		261,458
First Gen Corp. (a)	425,000		276,130
Vista Land & Lifescapes, Inc.	1,755,000		223,309
TOTAL PHILIPPINES			1,168,682
Poland - 0.5%
Eurocash SA	12,900		209,909
Lubelski Wegiel Bogdanka S.A.	4,400		194,293
TOTAL POLAND			404,202
Russia - 0.9%
Gazprom OAO sponsored ADR (Reg. S)	18,700		176,154
Vozrozhdenie Bank (a)	27,400		560,562
TOTAL RUSSIA			736,716
Singapore - 0.5%
CWT Ltd.	185,000		214,499
Global Logistic Properties Ltd.	91,000		202,933
TOTAL SINGAPORE			417,432
South Africa - 2.6%
Assore Ltd.	4,900		243,769
Bidvest Group Ltd.	7,500		179,305
FirstRand Ltd.	57,300		206,589
Common Stocks - continued
	Shares		Value
South Africa - continued
Life Healthcare Group Holdings Ltd.	59,900		$ 210,672
MTN Group Ltd.	10,400		203,583
Nampak Ltd.	53,400		187,394
Naspers Ltd. Class N	3,600		232,957
Omnia Holdings Ltd.	14,300		230,288
Super Group Ltd. (a)	179,100		360,404
Vodacom Group Ltd.	5,700		79,507
TOTAL SOUTH AFRICA			2,134,468
Spain - 0.2%
Prosegur Compania de Seguridad SA (Reg.)	30,500		190,499
Sweden - 1.2%
AarhusKarlshamn AB	16,600		707,566
Fenix Outdoor AB	2,200		62,977
Hexagon AB (B Shares)	8,400		225,661
TOTAL SWEDEN			996,204
Switzerland - 0.7%
Dufry AG (a)	1,440		196,684
Syngenta AG (Switzerland)	340		146,213
TE Connectivity Ltd.	5,200		202,176
TOTAL SWITZERLAND			545,073
Taiwan - 0.5%
ECLAT Textile Co. Ltd.	54,000		228,581
Taiwan Semiconductor Manufacturing Co. Ltd.	60,000		205,579
TOTAL TAIWAN			434,160
Thailand - 1.7%
Asian Property Development PCL (For. Reg.)	978,400		310,056
Bank of Ayudhya PCL NVDR	181,200		202,042
Hemaraj Land & Development PCL NVDR	1,812,500		221,244
Kasikornbank PCL (For. Reg.)	38,000		254,863
Supalai PCL (For. Reg.)	209,400		134,825
Thai Beverage PCL	543,000		230,336
TOTAL THAILAND			1,353,366
Turkey - 1.6%
Bizim Toptan Satis Magazari A/S	13,000		215,835
Emlak Konut Gayrimenkul Yatirim Ortakligi A/S	127,000		224,574
Is Gayrimenkul Yatirim Ortakligi A/S	218,000		198,323
Koza Altin Isletmeleri A/S	9,000		221,578
Common Stocks - continued
	Shares		Value
Turkey - continued
Turkiye Halk Bankasi A/S	23,000		$ 227,548
Yazicilar Holding A/S	19,000		188,515
TOTAL TURKEY			1,276,373
United Kingdom - 5.5%
Admiral Group PLC	3,000		58,190
Anite Group PLC	89,700		205,145
Ashtead Group PLC	28,000		201,612
Barclays PLC	42,147		202,350
Dunelm Group PLC	17,100		206,117
Ensco PLC Class A	5,900		375,063
Great Portland Estates PLC	9,700		74,844
Hikma Pharmaceuticals PLC	32,578		416,708
Hilton Food Group PLC	20,700		103,620
HSBC Holdings PLC (United Kingdom)	21,192		240,990
Intertek Group PLC	3,800		187,373
iomart Group PLC	67,618		252,287
Michael Page International PLC	31,300		202,141
Moneysupermarket.com Group PLC	335,400		978,778
Oxford Instruments PLC	9,400		244,498
Speedy Hire PLC	411,500		251,266
Telecom Plus PLC	13,500		207,366
Whitbread PLC	2,507		102,186
TOTAL UNITED KINGDOM			4,510,534
United States of America - 35.4%
Aceto Corp.	75,200		785,088
AFC Enterprises, Inc. (a)	3,800		110,428
Affiliated Managers Group, Inc. (a)	1,400		201,502
Alliance Data Systems Corp. (a)	3,300		520,080
American Public Education, Inc. (a)	8,100		312,093
Amgen, Inc.	6,600		564,036
AMN Healthcare Services, Inc. (a)	24,900		302,535
Apache Corp.	2,500		209,400
Barrett Business Services, Inc.	10,000		402,400
Baxter International, Inc.	800		54,272
BlackRock, Inc. Class A	1,700		401,676
Blucora, Inc. (a)	13,935		207,074
Bravo Brio Restaurant Group, Inc. (a)	2,000		29,800
Brocade Communications Systems, Inc. (a)	35,500		203,060
Cambrex Corp. (a)	34,300		403,025
Celgene Corp. (a)	1,800		178,128
Common Stocks - continued
	Shares		Value
United States of America - continued
Chuys Holdings, Inc.	700		$ 19,866
Computer Task Group, Inc. (a)	37,100		710,094
Corporate Executive Board Co.	8,600		430,946
Corrections Corp. of America	7,300		276,597
Credit Acceptance Corp. (a)	2,000		199,140
Discovery Communications, Inc. (a)	3,000		208,140
Dun & Bradstreet Corp.	1,200		97,848
Electronic Arts, Inc. (a)	27,100		426,283
Energen Corp.	3,300		158,862
Equifax, Inc.	6,300		369,810
Esterline Technologies Corp. (a)	2,200		146,058
Euronet Worldwide, Inc. (a)	7,800		190,866
Expedia, Inc.	4,700		306,675
Fiesta Restaurant Group, Inc. (a)	38,700		689,247
First Commonwealth Financial Corp.	104,700		740,229
Fiserv, Inc. (a)	5,350		429,659
FleetCor Technologies, Inc. (a)	4,900		293,216
Foot Locker, Inc.	7,200		247,320
Francescas Holdings Corp. (a)(d)	5,200		147,680
General Electric Co.	23,800		530,264
Google, Inc. Class A (a)	1,500		1,133,535
Group 1 Automotive, Inc.	4,000		270,960
Guidance Software, Inc. (a)	19,800		252,450
H&R Block, Inc.	8,900		202,653
Healthways, Inc. (a)	1,000		10,520
Hess Corp.	7,300		490,268
HollyFrontier Corp.	2,500		130,550
HSN, Inc.	10,700		637,720
Huntington Bancshares, Inc.	20,000		139,200
Icahn Enterprises LP rights	8,000		0
Integrated Silicon Solution, Inc. (a)	20,900		195,833
International Paper Co.	2,000		82,840
Inventure Foods, Inc. (a)	29,700		211,761
Jarden Corp.	15,300		900,252
Juniper Networks, Inc. (a)	16,000		358,080
Landec Corp. (a)	28,957		341,693
Lincoln National Corp.	3,100		89,838
Lithia Motors, Inc. Class A (sub. vtg.)	6,300		272,601
LKQ Corp. (a)	10,600		237,334
LSI Industries, Inc.	33,900		245,436
Manpower, Inc.	500		25,750
Marathon Oil Corp.	4,800		161,328
Common Stocks - continued
	Shares		Value
United States of America - continued
Marathon Petroleum Corp.	5,700		$ 422,997
Mentor Graphics Corp. (a)	7,055		120,852
Merck & Co., Inc.	4,100		177,325
Murphy Oil Corp.	5,500		327,360
Nationstar Mortgage Holdings, Inc. (d)	2,900		104,661
NeuStar, Inc. Class A (a)	9,200		415,288
News Corp. Class A	3,700		102,638
Occidental Petroleum Corp.	4,700		414,869
Orchids Paper Products Co.	9,200		201,756
Papa John's International, Inc. (a)	5,200		291,720
PDF Solutions, Inc. (a)	50,400		757,008
Penske Automotive Group, Inc.	17,300		569,516
Phillips 66	7,300		442,161
Polaris Industries, Inc.	2,200		191,598
Portfolio Recovery Associates, Inc. (a)	1,700		181,815
PrivateBancorp, Inc.	2,200		37,774
PVH Corp.	1,400		166,418
Rayonier, Inc.	2,300		123,832
Rochester Medical Corp. (a)	29,000		338,720
Rosetta Resources, Inc. (a)	3,293		174,595
Sonic Automotive, Inc. Class A (sub. vtg.)	36,500		885,855
SurModics, Inc. (a)	11,000		265,210
Synta Pharmaceuticals Corp. (a)	7,300		81,760
Teletech Holdings, Inc. (a)	18,200		340,340
Thor Industries, Inc.	4,700		197,776
Time Warner Cable, Inc.	4,200		375,228
TJX Companies, Inc.	2,500		112,950
Valspar Corp.	8,900		589,892
Vera Bradley, Inc. (a)	300		7,587
Viacom, Inc. Class B (non-vtg.)	7,400		446,590
W.R. Grace & Co. (a)	9,100		653,380
Web.com Group, Inc. (a)	6,000		97,200
Wells Fargo & Co.	14,900		518,967
Wyndham Worldwide Corp.	13,500		753,165
Zoetis, Inc. Class A	700		18,200
TOTAL UNITED STATES OF AMERICA			28,801,002
Common Stocks - continued
	Shares		Value
US Virgin Islands - 0.2%
Altisource Asset Management Corp. (a)	690		$ 86,768
Altisource Residential Corp. Class B (a)	5,500		99,000
TOTAL US VIRGIN ISLANDS			185,768
TOTAL COMMON STOCKS (Cost $69,000,716)		80,733,006
Nonconvertible Preferred Stocks - 0.3%

Brazil - 0.3%
Companhia de Bebidas das Americas (AmBev) (PN) (Cost $197,527)	5,000		235,519
Money Market Funds - 1.5%

Fidelity Cash Central Fund, 0.16% (b)	972,923		972,923
Fidelity Securities Lending Cash Central Fund, 0.15% (b)(c)	215,275		215,275
TOTAL MONEY MARKET FUNDS (Cost $1,188,198)		1,188,198
TOTAL INVESTMENT PORTFOLIO - 100.9% (Cost $70,386,441)			82,156,723
NET OTHER ASSETS (LIABILITIES) - (0.9)%			(738,830)
NET ASSETS - 100%		$ 81,417,893

Legend

(a) Non-income producing

(d) Security or a portion of the security is on loan at period end.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned
Fidelity Cash Central Fund	$ 201
Fidelity Securities Lending Cash Central Fund	2,239
Total	$ 2,440

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 17,033,892	$ 17,033,892	$ -	$ -
Consumer Staples	5,626,313	5,103,046	523,267	-
Energy	6,411,158	6,024,006	387,152	-
Financials	13,463,330	13,019,990	443,340	-
Health Care	8,033,664	7,831,163	202,501	-
Industrials	11,332,876	11,332,876	-	-
Information Technology	14,356,778	13,952,905	403,873	-
Materials	3,731,844	3,585,631	146,213	-
Telecommunication Services	283,090	283,090	-	-
Utilities	695,580	695,580	-	-
Money Market Funds	1,188,198	1,188,198	-	-
Total Investments in Securities:	$ 82,156,723	$ 80,050,377	$ 2,106,346	$ -

Income Tax Information

At January 31, 2013, the cost of investment securities for income tax purposes was $70,568,085. Net unrealized appreciation aggregated $11,588,638, of which $12,816,670 related to appreciated investment securities and $1,228,032 related to depreciated investment securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee), in accordance with procedures adopted by the Fund's Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Quarterly Report

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity Advisor® International
Capital Appreciation Fund
Class A
Class T
Class B
Class C
Institutional Class

January 31, 2013

1.813045.108

AICAP-QTLY-0313

Investments January 31, 2013 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.8%
	Shares		Value
Australia - 1.8%
Carsales.com Ltd.	45,252		$ 418,565
Coca-Cola Amatil Ltd.	29,633		427,674
CSL Ltd.	10,594		606,945
Iluka Resources Ltd. (d)	47,573		482,201
realestate.com.au Ltd.	20,620		442,307
TOTAL AUSTRALIA			2,377,692
Austria - 0.4%
Andritz AG	6,998		460,794
Bailiwick of Jersey - 0.9%
Experian PLC	34,500		591,491
WPP PLC	34,900		548,002
TOTAL BAILIWICK OF JERSEY			1,139,493
Belgium - 1.1%
Anheuser-Busch InBev SA NV	10,380		913,322
Umicore SA	8,787		457,553
TOTAL BELGIUM			1,370,875
Bermuda - 0.8%
Credicorp Ltd. (NY Shares)	3,420		536,017
Jardine Matheson Holdings Ltd.	6,800		440,708
TOTAL BERMUDA			976,725
Brazil - 3.4%
BR Malls Participacoes SA	39,300		508,777
CCR SA	48,900		504,630
Companhia de Bebidas das Americas (AmBev) (PN) sponsored ADR	15,600		734,136
Iguatemi Empresa de Shopping Centers SA	30,900		447,824
Itau Unibanco Holding SA sponsored ADR	45,225		779,227
Multiplan Empreendimentos Imobiliarios SA	15,900		459,510
Qualicorp SA (a)	43,300		447,927
Souza Cruz SA	31,700		524,526
TOTAL BRAZIL			4,406,557
Canada - 0.9%
Canadian National Railway Co.	7,700		739,043
Constellation Software, Inc.	2,950		369,682
TOTAL CANADA			1,108,725
Cayman Islands - 1.6%
Baidu.com, Inc. sponsored ADR (a)	4,200		454,860
Common Stocks - continued
	Shares		Value
Cayman Islands - continued
Sa Sa International Holdings Ltd.	442,000		$ 398,948
Sands China Ltd.	108,800		548,531
Tencent Holdings Ltd.	19,600		685,901
TOTAL CAYMAN ISLANDS			2,088,240
Chile - 0.4%
Parque Arauco SA	179,897		490,489
Denmark - 0.8%
Novo Nordisk A/S Series B sponsored ADR	5,300		977,055
Finland - 0.8%
Kone Oyj (B Shares)	7,000		577,404
Nokian Tyres PLC	11,714		504,038
TOTAL FINLAND			1,081,442
France - 7.5%
Air Liquide SA	5,720		731,149
Bollore	1,305		470,447
Bureau Veritas SA	4,100		491,063
Casino Guichard Perrachon SA	4,880		478,071
Christian Dior SA	2,940		513,762
Dassault Systemes SA	4,000		444,707
Edenred SA	14,900		477,659
Essilor International SA	5,498		560,561
L'Oreal SA	4,400		653,591
LVMH Moet Hennessy - Louis Vuitton SA	4,376		825,010
Pernod Ricard SA	5,200		650,984
PPR SA	2,800		602,211
Publicis Groupe SA	8,600		563,478
Remy Cointreau SA (d)	4,025		513,669
Schneider Electric SA	9,639		734,228
Sodexo SA	5,500		489,745
Technip SA	4,700		509,639
TOTAL FRANCE			9,709,974
Germany - 4.8%
adidas AG	6,100		566,943
BASF AG	10,506		1,065,028
Bayerische Motoren Werke AG (BMW)	7,025		707,283
Brenntag AG	3,300		470,254
Fresenius SE & Co. KGaA	4,500		547,770
Henkel AG & Co. KGaA	9,600		712,617
Hugo Boss AG	4,000		470,831
Common Stocks - continued
	Shares		Value
Germany - continued
Linde AG	3,500		$ 638,709
SAP AG	12,041		987,449
TOTAL GERMANY			6,166,884
Hong Kong - 1.0%
AIA Group Ltd.	176,000		700,106
Galaxy Entertainment Group Ltd. (a)	116,000		522,758
TOTAL HONG KONG			1,222,864
India - 3.4%
Asian Paints India Ltd.	5,693		480,996
Bajaj Auto Ltd.	12,647		481,227
Bosch Ltd. (a)	2,626		456,438
HDFC Bank Ltd.	50,931		615,389
Housing Development Finance Corp. Ltd. (a)	41,833		617,621
ITC Ltd.	108,112		624,320
Page Industries Ltd.	3,484		221,972
Sun Pharmaceutical Industries Ltd.	35,046		472,323
Titan Industries Ltd. (a)	90,726		475,726
TOTAL INDIA			4,446,012
Indonesia - 3.6%
PT ACE Hardware Indonesia Tbk	5,091,500		399,023
PT Astra International Tbk	781,000		591,939
PT Bank Central Asia Tbk	504,500		502,027
PT Bank Rakyat Indonesia Tbk	631,000		517,291
PT Global Mediacom Tbk	1,772,000		397,431
PT Jasa Marga Tbk	867,000		491,723
PT Mitra Adiperkasa Tbk	710,000		468,573
PT Semen Gresik (Persero) Tbk	259,000		420,648
PT Surya Citra Media Tbk	1,777,500		435,323
PT Tower Bersama Infrastructure Tbk (a)	745,000		453,260
TOTAL INDONESIA			4,677,238
Ireland - 0.7%
Accenture PLC Class A	5,700		409,773
Dragon Oil PLC	51,700		465,738
TOTAL IRELAND			875,511
Israel - 0.3%
Check Point Software Technologies Ltd. (a)	8,900		445,000
Italy - 1.4%
Pirelli & C SpA	38,040		466,664
Common Stocks - continued
	Shares		Value
Italy - continued
Prada SpA	46,100		$ 414,314
Salvatore Ferragamo Italia SpA	17,200		439,759
Tod's SpA	3,174		433,552
TOTAL ITALY			1,754,289
Japan - 6.1%
Anritsu Corp.	32,000		409,076
Daihatsu Motor Co. Ltd.	25,000		519,985
Daito Trust Construction Co. Ltd.	5,400		532,648
Fanuc Corp.	4,500		701,241
Japan Tobacco, Inc.	23,300		725,410
Kansai Paint Co. Ltd.	41,000		455,979
Keyence Corp.	1,840		510,480
Kubota Corp.	48,000		548,002
Nabtesco Corp.	24,100		501,265
Park24 Co. Ltd.	22,200		400,811
SHIMANO, Inc.	7,900		539,078
Ship Healthcare Holdings, Inc.	16,900		484,019
SMC Corp.	3,200		553,601
Unicharm Corp.	7,800		413,691
USS Co. Ltd.	4,880		547,529
TOTAL JAPAN			7,842,815
Korea (South) - 1.8%
Hyundai Mobis	2,447		640,982
Samsung Electronics Co. Ltd.	1,240		1,650,279
TOTAL KOREA (SOUTH)			2,291,261
Luxembourg - 0.3%
Eurofins Scientific SA	2,458		439,211
Mexico - 1.7%
Fomento Economico Mexicano S.A.B de CV sponsored ADR	5,600		604,184
Grupo Financiero Banorte S.A.B. de CV Series O	76,300		526,106
Grupo Mexico SA de CV Series B	151,200		563,435
Grupo Televisa SA de CV (CPO) sponsored ADR	19,700		551,797
TOTAL MEXICO			2,245,522
Netherlands - 2.1%
ASML Holding NV (Netherlands)	8,539		640,554
Core Laboratories NV	3,975		507,369
Heineken Holding NV (A Shares)	10,400		614,622
Common Stocks - continued
	Shares		Value
Netherlands - continued
LyondellBasell Industries NV Class A	7,390		$ 468,674
Yandex NV (a)	18,600		450,306
TOTAL NETHERLANDS			2,681,525
Nigeria - 1.0%
Guaranty Trust Bank PLC	2,649,833		414,295
Nestle Foods Nigeria PLC	74,483		398,127
Nigerian Breweries PLC	461,114		471,824
TOTAL NIGERIA			1,284,246
Panama - 0.7%
Copa Holdings SA Class A	4,000		438,400
Intergroup Financial Services Corp.	12,729		490,067
TOTAL PANAMA			928,467
Philippines - 2.2%
Alliance Global Group, Inc.	1,079,200		501,559
International Container Terminal Services, Inc.	244,500		456,748
Metropolitan Bank & Trust Co.	173,860		450,131
Security Bank Corp.	102,860		438,879
SM Investments Corp.	21,330		498,800
SM Prime Holdings, Inc.	1,146,250		493,865
TOTAL PHILIPPINES			2,839,982
Portugal - 0.4%
Jeronimo Martins SGPS SA	22,600		480,394
Russia - 1.4%
Magnit OJSC GDR (Reg. S)	11,895		528,852
NOVATEK OAO GDR (Reg. S)	4,300		503,530
Sberbank (Savings Bank of the Russian Federation) (a)	218,900		797,790
TOTAL RUSSIA			1,830,172
South Africa - 2.5%
Aspen Pharmacare Holdings Ltd.	23,900		440,409
Discovery Holdings Ltd.	58,400		432,469
Life Healthcare Group Holdings Ltd.	121,100		425,917
Mr Price Group Ltd.	34,600		476,937
Nampak Ltd.	117,900		413,740
Naspers Ltd. Class N	9,300		601,805
Shoprite Holdings Ltd.	24,500		461,517
TOTAL SOUTH AFRICA			3,252,794
Common Stocks - continued
	Shares		Value
Spain - 1.2%
Amadeus IT Holding SA Class A	18,900		$ 474,113
Grifols SA ADR	17,100		455,031
Inditex SA	4,666		653,823
TOTAL SPAIN			1,582,967
Sweden - 1.6%
ASSA ABLOY AB (B Shares)	13,406		501,841
Atlas Copco AB (A Shares)	23,300		664,421
Elekta AB (B Shares)	29,500		438,938
Swedish Match Co. AB	13,000		487,869
TOTAL SWEDEN			2,093,069
Switzerland - 4.8%
Compagnie Financiere Richemont SA Series A	9,476		779,384
Dufry AG (a)	3,870		528,587
Nestle SA	29,631		2,080,563
Schindler Holding AG (Reg.)	3,680		532,155
SGS SA (Reg.)	230		547,926
Sika AG (Bearer)	163		411,239
Swatch Group AG (Bearer)	1,120		614,612
Syngenta AG (Switzerland)	1,692		727,624
TOTAL SWITZERLAND			6,222,090
Taiwan - 0.8%
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	55,300		981,022
Thailand - 1.4%
Home Product Center PCL (For. Reg.)	928,280		429,586
Kasikornbank PCL (For. Reg.)	75,000		503,018
Robinsons Department Store PCL (For. Reg.)	176,900		415,258
Siam Commercial Bank PCL (For. Reg.)	80,600		483,816
TOTAL THAILAND			1,831,678
Turkey - 0.7%
Coca-Cola Icecek A/S	19,000		462,374
Turkiye Garanti Bankasi A/S	98,000		491,463
TOTAL TURKEY			953,837
United Kingdom - 14.7%
Aggreko PLC	15,800		400,189
AMEC PLC	25,917		444,338
Antofagasta PLC	23,500		425,635
BHP Billiton PLC ADR	28,089		1,928,029
British American Tobacco PLC (United Kingdom)	23,600		1,226,530
Common Stocks - continued
	Shares		Value
United Kingdom - continued
British Sky Broadcasting Group PLC	39,800		$ 516,029
Burberry Group PLC	24,400		525,137
Compass Group PLC	47,400		574,348
Diageo PLC sponsored ADR	8,000		954,400
Elementis PLC	118,375		396,513
Halma PLC	57,300		418,401
IMI PLC	27,700		514,007
Imperial Tobacco Group PLC	18,221		677,670
InterContinental Hotel Group PLC ADR	16,166		474,634
Intertek Group PLC	9,900		488,157
Johnson Matthey PLC	11,931		428,596
Meggitt PLC	72,100		497,425
Next PLC	7,500		482,699
Oxford Instruments PLC	16,500		429,172
Prudential PLC	45,122		684,949
Reckitt Benckiser Group PLC	10,700		713,088
Rexam PLC	56,880		422,642
Rightmove PLC	16,200		430,618
Rolls-Royce Group PLC	46,500		697,666
Rolls-Royce Group PLC (C Shares)	3,632,800		5,762
Rotork PLC	10,700		449,201
SABMiller PLC	15,400		769,369
Spectris PLC	12,700		445,948
Standard Chartered PLC (United Kingdom)	32,100		854,025
The Weir Group PLC	15,400		484,580
Unilever PLC	31,100		1,266,811
TOTAL UNITED KINGDOM			19,026,568
United States of America - 15.8%
Allergan, Inc.	4,369		458,789
American Tower Corp.	5,600		426,440
AMETEK, Inc.	9,900		405,801
Apple, Inc.	993		452,123
AutoZone, Inc. (a)	1,200		443,640
Axiall Corp.	1,364		76,630
Caterpillar, Inc.	5,000		491,950
Colgate-Palmolive Co.	3,780		405,859
Crown Castle International Corp. (a)	6,000		423,120
Cummins, Inc.	4,120		473,100
Danaher Corp.	6,769		405,666
Deere & Co.	4,300		404,458
EMC Corp. (a)	19,300		474,973
Common Stocks - continued
	Shares		Value
United States of America - continued
Emerson Electric Co.	7,000		$ 400,750
Estee Lauder Companies, Inc. Class A	6,488		395,314
FMC Corp.	7,000		430,290
FMC Technologies, Inc. (a)	8,900		421,415
Google, Inc. Class A (a)	520		392,959
KLA-Tencor Corp.	8,050		442,026
MasterCard, Inc. Class A	860		445,824
McGraw-Hill Companies, Inc.	7,315		420,759
Mead Johnson Nutrition Co. Class A	6,159		468,084
Mettler-Toledo International, Inc. (a)	2,200		467,566
Monsanto Co.	3,876		392,833
Moody's Corp.	8,500		465,970
Motorola Solutions, Inc.	7,300		426,247
National Oilwell Varco, Inc.	6,250		463,375
NIKE, Inc. Class B	8,400		454,020
Oceaneering International, Inc.	6,900		436,149
Oracle Corp.	12,980		460,920
Pall Corp.	6,200		423,460
Perrigo Co.	4,101		412,192
Philip Morris International, Inc.	5,342		470,951
PPG Industries, Inc.	2,381		328,268
Precision Castparts Corp.	2,313		424,204
priceline.com, Inc. (a)	600		411,282
QUALCOMM, Inc.	6,400		422,592
Roper Industries, Inc.	3,900		458,055
SBA Communications Corp. Class A (a)	6,000		417,960
Sherwin-Williams Co.	2,700		437,778
Union Pacific Corp.	3,100		407,526
United Technologies Corp.	5,000		437,850
Valspar Corp.	6,199		410,870
Varian Medical Systems, Inc. (a)	6,305		445,448
Visa, Inc. Class A	2,700		426,357
Waters Corp. (a)	5,000		457,850
Wells Fargo & Co.	12,177		424,125
Yum! Brands, Inc.	7,000		454,580
TOTAL UNITED STATES OF AMERICA			20,398,398
TOTAL COMMON STOCKS (Cost $103,491,891)		124,981,877
Nonconvertible Preferred Stocks - 2.0%
	Shares		Value
Chile - 0.3%
Embotelladora Andina SA Class A	77,580		$ 401,645
Colombia - 0.4%
Banco Davivienda SA	32,863		444,242
Germany - 1.3%
ProSiebenSat.1 Media AG	15,200		519,885
Sartorius AG (non-vtg.)	4,580		470,136
Volkswagen AG	3,000		741,970
TOTAL GERMANY			1,731,991
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $2,149,957)		2,577,878
Money Market Funds - 1.0%

Fidelity Cash Central Fund, 0.16% (b)	764,979		764,979
Fidelity Securities Lending Cash Central Fund, 0.15% (b)(c)	524,059		524,059
TOTAL MONEY MARKET FUNDS (Cost $1,289,038)		1,289,038
TOTAL INVESTMENT PORTFOLIO - 99.8% (Cost $106,930,886)			128,848,793
NET OTHER ASSETS (LIABILITIES) - 0.2%			200,846
NET ASSETS - 100%		$ 129,049,639

Legend

(a) Non-income producing

(d) Security or a portion of the security is on loan at period end.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned
Fidelity Cash Central Fund	$ 132
Fidelity Securities Lending Cash Central Fund	2,803
Total	$ 2,935

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 27,134,752	$ 26,586,750	$ 548,002	$ -
Consumer Staples	21,712,058	18,305,395	3,406,663	-
Energy	3,751,553	3,751,553	-	-
Financials	15,528,576	14,228,238	1,300,338	-
Health Care	9,008,087	9,008,087	-	-
Industrials	21,566,021	21,566,021	-	-
Information Technology	14,569,309	12,941,306	1,628,003	-
Materials	12,995,059	12,267,435	727,624	-
Telecommunication Services	1,294,340	1,294,340	-	-
Money Market Funds	1,289,038	1,289,038	-	-
Total Investments in Securities:	$ 128,848,793	$ 121,238,163	$ 7,610,630	$ -

Income Tax Information

At January 31, 2013, the cost of investment securities for income tax purposes was $107,659,808. Net unrealized appreciation aggregated $21,188,985, of which $22,001,384 related to appreciated investment securities and $812,399 related to depreciated investment securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee), in accordance with procedures adopted by the Fund's Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Quarterly Report

or an affiliate.

Quarterly Report

Item 2. Controls and Procedures

(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Advisor Series VIII's (the "Trust") disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.

(a)(ii) There was no change in the Trust's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the Trust's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Trust's internal control over financial reporting.

Item 3. Exhibits

Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Fidelity Advisor Series VIII

By:	/s/Kenneth B. Robins
	Kenneth B. Robins
	President and Treasurer

Date:	April 1, 2013

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/Kenneth B. Robins
	Kenneth B. Robins
	President and Treasurer

Date:	April 1, 2013

By:	/s/Christine Reynolds
	Christine Reynolds
	Chief Financial Officer

Date:	April 1, 2013