497 1 main.htm

Supplement to the
Fidelity^® Advisor Diversified International Fund Class A, Class T, Class B, and Class C December 29, 2000 Prospectus

<R>Effective July 2001, 0.25% of each Class A and Class T 12b-1 fee will be classified as a service fee under each Class A and Class T Distribution and Service Plan. The reclassification of part of the 12b-1 fee will not increase the amounts paid under each plan.</R>

The following replaces the fourth bullet found under the heading "Principal Investment Strategies" in the "Investment Summary" section on page 3.

Using fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.

The fourth bullet labeled "Quantitative Investing" found under the heading "Principal Investment Risks" in the "Investment Summary" section on page 3 has been removed.

The following replaces Footnote C to the "Shareholder Fees (paid by the investor directly)" table in the "Fee Table" section on page 5.

^CCertain purchases of Class A and Class T shares will not be subject to a front-end sales charge but will be subject to a contingent deferred sales charge of 0.25% if redeemed within one year of purchase. See "Special Purchase Shares" on page 30.

The following replaces the third paragraph found under the heading "Principal Investment Strategies" in the "Investment Details" section on page 7.

In buying and selling securities for the fund, FMR relies on fundamental analysis of each issuer and its potential for success in light of its current financial condition, its industry position, and economic and market conditions. Factors considered include growth potential, earnings estimates, and management.

The paragraph labeled "Quantitative Investing" found under the heading "Principal Investment Risks" in the "Investment Details" section on page 8 has been removed.

The following information replaces the similar information found under the heading "Fundamental Investment Policies" in the "Investment Details" section on page 9.

Advisor Diversified International Fund seeks capital growth.

The following information replaces the similar information found under the heading "Buying Shares" in the "Buying and Selling Shares" section on page 12.

There is no minimum account balance or initial or subsequent purchase minimum for (i) certain Fidelity retirement accounts funded through salary deduction, or accounts opened with the proceeds of distributions from such retirement accounts or (ii) certain mutual fund wrap program accounts. An eligible wrap program must offer asset allocation services, charge an asset-based fee to its participants for asset allocation and/or other advisory services, and meet trading and other operational requirements under an appropriate agreement with FDC. In addition, the fund may waive or lower purchase minimums in other circumstances.

The following information replaces similar information found under the heading "Fund Management" in the "Fund Services" section on page 23.

William Bower is vice president and manager of Advisor Diversified International, which he has managed since April 2001. He also manages other Fidelity funds. Since joining Fidelity in 1994, Mr. Bower has worked as a research analyst and manager.

The following replaces Footnote A to the Sales Charges and Concessions Tables on page 25.

^ASee "Special Purchase Shares" section on page 30.

<R>The following information replaces similar information for Class A found under the heading "Fund Distribution" in the "Fund Services" section on page 27.</R>

<R>A front-end sales charge will not apply to the following Class A shares:</R>

<R></R>1. Purchased for an employee benefit plan (except a SIMPLE IRA, SEP, or SARSEP plan or a plan covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans)) or a 403(b) program other than a Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian, with at least $25 million or more in plan assets;

<R>3. Purchased for an employee benefit plan (except a SIMPLE IRA, SEP, or SARSEP plan or a plan covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans)) or a 403(b) program investing through a trust institution, bank trust department or insurance company, or any such institution's broker-dealer affiliate that is not part of an organization primarily engaged in the brokerage business. Employee benefit plans (except SIMPLE IRA, SEP, and SARSEP plans and plans covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans)) and 403(b) programs that participate in the Advisor Retirement Connection or are Fidelity Advisor 403(b) programs for which Fidelity or an affiliate serves as custodian, do not qualify for this waiver;</R>

<R>The following information supplements the information for Class A found under the heading "Fund Distribution" in the "Fund Services" section on page 28.</R>

<R>A front-end sales charge will not apply to the following Class A shares:</R>

<R></R>11. Purchased to repay a loan against Class A or Class B shares held in the investor's Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian.

<R>The following information replaces similar information for Class T found under the heading "Fund Distribution" in the "Fund Services" section on page 28.</R>

<R>A front-end sales charge will not apply to the following Class T shares:</R>

<R></R>5. Purchased for an employee benefit plan (except a SIMPLE IRA, SEP, or SARSEP plan or a plan covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans)) or a 403(b) program other than a Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian;

<R></R>6. Purchased for a Fidelity or Fidelity Advisor account with the proceeds of a distribution from (i) an insurance company separate account used to fund annuity contracts for employee benefit plans, 403(b) programs, or plans covering sole-proprietors (formerly Keogh/H.R. 10 plans) that are invested in Fidelity Advisor or Fidelity funds, or (ii) an employee benefit plan, a 403(b) program other than a Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian, or plan covering a sole-proprietor (formerly Keogh/H.R. 10 plan) that is invested in Fidelity Advisor or Fidelity funds. (Distributions other than those transferred to an IRA account must be transferred directly into a Fidelity account.);

<R>Effective October 15, 2001, the following information found under the heading "Fund Distribution" in the "Fund Services" section on page 28 will no longer be applicable.</R>

<R></R>8. Purchased with redemption proceeds from other mutual fund complexes on which you have previously paid a front-end sales charge or CDSC;

<R>The following information supplements the information for Class T found under the heading "Fund Distribution" in the "Fund Services" section on page 29.</R>

<R>A front-end sales charge will not apply to the following Class T shares:</R>

<R></R>15. Purchased to repay a loan against Class T shares held in the investor's Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian.

The following information replaces the "Finder's Fee" information beginning on page 30.

Special Purchase Shares. Certain Class A and Class T shares may be subject to a CDSC of 0.25% of the lesser of the cost of the shares at the date of purchase or the value of the shares at the time of redemption. These shares, referred to in this prospectus as "Special Purchase Shares," are Class A and Class T shares sold by investment professionals who receive a finder's fee from FDC equal to 0.25% of their purchase amount. Finder's fees are paid only in connection with purchases of: (i) Class A shares in amounts of $1 million or more that qualify for a Class A load waiver; (ii) Class A shares in amounts of $25 million or more; and (iii) Class T shares in amounts of $1 million or more. Finder's fees are not paid in connection with purchases of Class A or Class T shares by insurance company separate accounts.

The CDSC will be assessed on Special Purchase Shares if they do not remain in Class A or Class T shares of the Fidelity Advisor funds, or Daily Money Class shares of Treasury Fund, Prime Fund or Tax-Exempt Fund, for a period of at least one uninterrupted year. Shares acquired through reinvestment of dividends or capital gain distributions will not be subject to a CDSC.

To determine the applicability of the CDSC, Class A, Class T, or Daily Money Class shares representing reinvested dividends and capital gains will be redeemed first, followed by Special Purchase Shares that have been held for the longest period of time. Special Purchase Shares held for less than one year will be redeemed last.

To qualify to receive a finder's fee, an investment professional must notify Fidelity in advance of the eligible purchase.

The CDSC on Special Purchase Shares will not apply to the redemption of shares:

1. Acquired by insurance company separate accounts prior to April 1, 2001;

2. For plan loans or distributions or exchanges to non-Advisor fund investment options from employee benefit plans (except shares of SIMPLE IRA, SEP, and SARSEP plans and plans covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans) purchased on or after February 11, 1999) <R>and 403(b) programs other than Fidelity Advisor 403(b) programs for which Fidelity or an affiliate serves as custodian</R>; or

3. For disability, payment of death benefits, or minimum required distributions starting at age 70 1/2 from Traditional IRAs, Roth IRAs, SIMPLE IRAs, SEPs, SARSEPs, and plans covering a sole-proprietor or self-employed individuals and their employees (formerly Keogh/H.R. 10 plans).

To qualify for a Special Purchase Share CDSC waiver, you must notify Fidelity in advance of your redemption.

Supplement to the
Fidelity^® Advisor Diversified International Fund Institutional Class December 29, 2000 Prospectus

The following replaces the fourth bullet found under the heading "Principal Investment Strategies" in the "Investment Summary" section on page 3.

Using fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.

The fourth bullet labeled "Quantitative Investing" found under the heading "Principal Investment Risks" in the "Investment Summary" section on page 3 has been removed.

The following replaces the third paragraph found under the heading "Principal Investment Strategies" in the "Investment Details" section on page 6.

The paragraph labeled "Quantitative Investing" found under the heading "Principal Investment Risks" in the "Investment Details" section on page 7 has been removed.

The following information replaces the similar information found under the heading "Fundamental Investment Policies" in the "Investment Details" section on page 8.

Advisor Diversified International Fund seeks capital growth.

The following information supplements the information found under the heading "Buying Shares" in the "Buying and Selling Shares" section on page 10.

<R>Institutional Class shares are offered to:</R>

7. Employee benefit plan programs covering employees of broker-dealers, registered investment advisers, trust institutions and bank trust departments, and insurance companies having agreements with FDC.

<R>8. Qualified state tuition programs for which FMR or an affiliate serves as investment manager.</R>

The following information replaces the similar information found under the heading "Buying Shares" in the "Buying and Selling Shares" section on page 11.

There is no minimum account balance or initial or subsequent purchase minimum for (i) investments through Portfolio Advisory Services^SM , (ii) certain Fidelity retirement accounts funded through salary deduction, or accounts opened with the proceeds of distributions from such retirement accounts<R>, (iii) investments through a qualified state tuition program for which FMR or an affiliate serves as investment manager, or (iv)</R> certain mutual fund wrap program accounts. An eligible wrap program must offer asset allocation services, charge an asset-based fee to its participants for asset allocation and/or other advisory services, and meet trading and other operational requirements under an appropriate agreement with FDC. In addition, the fund may waive or lower purchase minimums in other circumstances.

<R>ADIFI-01-05 July 16, 2001
1.743415.107</R>

The following information replaces similar information found under the heading "Fund Management" in the "Fund Services" section on page 20.

The following information replaces the "Average Annual Returns" table found in the "Appendix" section on page 25.

Average Annual Returns

For the periods ended December 31, 1999	Past 1 year	Past 5 years	Life of fund^A
Fidelity Diversified International	50.65%	22.64%	16.17%
Morgan Stanley Capital International Europe, Australasia, and Far East Index	27.22%	12.98%	11.34%
Lipper International Funds Average	40.80%	15.05%	--

^AFrom December 27, 1991.

Supplement to the
Fidelity^® Advisor
Emerging Asia Fund
Class A, Class T,
Class B, and Class C
December 29, 2000
Prospectus

The following information replaces footnote C to the "Shareholder fees ( paid by the investor directly)" table in the "Fee Table" section on page 6.

The following information replaces similar information found under the heading "Buying Shares" in the "Buying and Selling Shares" section on page 14.

The following information replaces Footnote A to the "Sales Charges and Concessions" tables in the "Fund Distribution" section on page 27.

^ASee "Special Purchase Shares" on page 31.

<R>The following information replaces similar information for Class A found under the heading "Fund Distribution" in the "Fund Services" section on page 29.</R>

<R>A front-end sales charge will not apply to the following Class A shares:</R>

1. Purchased for an employee benefit plan (except a SIMPLE IRA, SEP, or SARSEP plan or a plan covering self-employed individuals and their employees (fo<R>rmerly Keogh/H.R. 10 plans)) or a 403(b) program other than a Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian, with</R> at least $25 million or more in plan assets;

3. Purchased for an employee benefit plan (except a SIMPLE IRA, SEP, or SARSEP plan or a plan covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans)) or a 403(b) program investing through a trust institution, bank trust department or insurance company, or any such institution's broker-dealer affiliate that is not part of an organization primarily engaged in the brokerage business. Employee benefit plans (except SIMPLE IRA, SEP, and SARSEP plans and plans covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans)) and 403(b) programs that participate in the Advisor Retirement Connection or<R> are Fidelity Advisor 403(b) programs for which Fidelity or an affiliate serves as custodia</R>n, do not qualify for this waiver;

The<R> following information supplements the information for Class A found under the heading "Fund Distribution" i</R>n the "Fund Services" section on page 30.

<R>A front-end sales charge will not apply to the following Class A shares:</R>

<R></R>11. Purchased to repay a loan against Class A or Class B shares held in the investor's Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian.

<R>The following information replaces similar information for Class T found under the heading "Fund Distribution" in the "Fund Services" section on page 30.</R>

<R>A front-end sales charge will not apply to the following Class T shares:</R>

<R>5. Purchased for an employee benefit plan (except a SIMPLE IRA, SEP, or SARSEP plan or a plan covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans)) or a 403(b) program other than a Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian;</R>

6. Purchased for a Fidelity or Fidelity Advisor account with the proceeds of a distribution from (i) an insurance company separate account used to fund annuity contracts for employee benefit plans, 403(b) programs, or plans covering sole-proprietors (formerly Keogh/H.R. 10 plans) that are invested in Fidelity Advisor or Fidelity funds, <R>or (ii) an employee benefit plan, a 403(b) program other than a Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian, </R>or plan covering a sole-proprietor (formerly Keogh/H.R. 10 plan) that is invested in Fidelity Advisor or Fidelity funds. (Distributions other than those transferred to an IRA account must be transferred directly into a Fidelity account.);

<R>Effective October 15, 2001, the following information found under the heading "Fund Distribution" in the "Fund Services" section on page 30 will no longer be applicable.</R>

<R></R>8. Purchased with redemption proceeds from other mutual fund complexes on which you have previously paid a front-end sales charge or CDSC;

<R>The following information supplements the information for Class T found under the heading "Fund Distribution" in the "Fund Services" section on page 31.</R>

<R>A front-end sales charge will not apply to the following Class T shares:</R>

<R></R>15.Purchased to repay a loan against Class T shares held in the investor's Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian.

The following information replaces the "Finder's Fee" information beginning on page 31.

The CDSC will be assessed on Special Purchase Shares if they do not remain in Class A or Class T shares of the Fidelity Advisor funds, or Daily Money Class shares of Treasury Fund, Prime Fund, or Tax-Exempt Fund, for a period of at least one uninterrupted year. Shares acquired through reinvestment of dividends or capital gain distributions will not be subject to a CDSC.

To qualify to receive a finder's fee, an investment professional must notify Fidelity in advance of the eligible purchase.

The CDSC on Special Purchase Shares will not apply to the redemption of shares:

1. Acquired by insurance company separate accounts prior to April 1, 2001;

<R>2. For plan loans or distributions or exchanges to non-Advisor fund investment options from employee benefit plans (except shares of SIMPLE IRA, SEP, and SARSEP plans and plans covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans) purchased on or after February 11, 1999) and 403(b) programs other than Fidelity Advisor 403(b) programs for which Fidelity or an affiliate serves as custodian; or</R>

To qualify for a Special Purchase Share CDSC waiver, you must notify Fidelity in advance of your redemption.

Supplement to the
Fidelity^® Advisor
Emerging Asia Fund
Institutional Class
December 29, 2000
Prospectus

The following information replaces similar information found under the heading "Buying Shares" in the "Buying and Selling Shares" section beginning on page 11.

<R>Institutional Class shares are offered to:</R>

<R>8. Qualified state tuition programs for which FMR or an affiliate serves as investment manage</R>r.

The following information replaces similar information found under the heading "Buying Shares" in the "Buying and Selling Shares" section on page 13.

There is no minimum account balance or initial or subsequent purchase minimum for (i) investments through Portfolio Advisory Services^SM , (ii) certain Fidelity retirement accounts funded through salary deduction, or accounts opened with the proceeds of distributions from such retirement accounts, (<R>iii) invest</R>ments through a qualified state tuition pro<R>gram for which FMR or an affiliate serves as investment manager, or (iv)</R> certain mutual fund wrap program accounts. An eligible wrap program must offer asset allocation services, charge an asset-based fee to its participants for asset allocation and/or other advisory services, and meet trading and other operational requirements under an appropriate agreement with FDC. In addition, the fund may waive or lower purchase minimums in other circumstances.

Supplement to the Fidelity^® Advisor
Europe Capital
Appreciation Fund
Class A, Class T,
Class B, and Class C
December 29, 2000
Prospectus

Effective July 2001, 0.25% of each Class A and Class T 12b-1 fee will be classified as a service fee under each Class A and Class T Distribution and Service Plan. The reclassification of part of the 12b-1 fee will not increase the amounts paid under each plan.

The following information replaces footnote C to the "Shareholder Fees (paid by the investor directly)" table on page 5.

The following information replaces similar information in the "Buying and Selling Shares" section found on page 12.

The following information replaces footnote A to the "Sales Charges and Concessions" tables on page 25.

^A See "Special Purchase Shares" on page 30.

<R>The following information replaces similar information for Class A found under the heading "Fund Distribution" in the "Fund Services" section on page 27.</R>

<R>A front-end sales charge will not apply to the following Class A shares:</R>

<R></R>3. Purchased for an employee benefit plan (except a SIMPLE IRA, SEP, or SARSEP plan or a plan covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans)) or a 403(b) program investing through a trust institution, bank trust department or insurance company, or any such institution's broker-dealer affiliate that is not part of an organization primarily engaged in the brokerage business. Employee benefit plans (except SIMPLE IRA, SEP, and SARSEP plans and plans covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans)) and 403(b) programs that participate in the Advisor Retirement Connection or are Fidelity Advisor 403(b) programs for which Fidelity or an affiliate serves as custodian, do not qualify for this waiver;

<R>The following information supplements the information for Class A found under the heading "Fund Distribution" in the "Fund Services" section on page 28.</R>

<R>A front-end sales charge will not apply to the following Class A shares:</R>

<R></R>11. Purchased to repay a loan against Class A or Class B shares held in the investor's Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian.

<R>The following information replaces similar information for Class T found under the heading "Fund Distribution" in the "Fund Services" section on page 28.</R>

<R>A front-end sales charge will not apply to the following Class T shares:</R>

<R></R>5. Purchased for an employee benefit plan (except a SIMPLE IRA, SEP, or SARSEP plan or a plan covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans)) or a 403(b) program other than a Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian;

<R></R>6. Purchased for a Fidelity or Fidelity Advisor account with the proceeds of a distribution from (i) an insurance company separate account used to fund annuity contracts for employee benefit plans, 403(b) programs, or plans covering sole-proprietors (formerly Keogh/H.R. 10 plans) that are invested in Fidelity Advisor or Fidelity funds, or (ii) an employee benefit plan, a 403(b) program other than a Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian, or plan covering a sole-proprietor (formerly Keogh/H.R. 10 plan) that is invested in Fidelity Advisor or Fidelity funds. (Distributions other than those transferred to an IRA account must be transferred directly into a Fidelity account.);

<R>Effective October 15, 2001, the following information found under the heading "Fund Distribution" in the "Fund Services" section on page 28 will no longer be applicable.</R>

<R></R>8. Purchased with redemption proceeds from other mutual fund complexes on which you have previously paid a front-end sales charge or CDSC;

<R>The following information supplements the information for Class T found under the heading "Fund Distribution" in the "Fund Services" section on page 29.</R>

<R>A front-end sales charge will not apply to the following Class T shares:</R>

<R></R>15. Purchased to repay a loan against Class T shares held in the investor's Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian.

The following information replaces the "Finder's Fee" information beginning on page 30.

The CDSC will be assessed on Special Purchase Shares if they do not remain in Class A or Class T shares of the Fidelity Advisor funds, or Daily Money Class shares of Treasury Fund, Prime Fund, or Tax-Exempt Fund, for a period of at least one uninterrupted year. Shares acquired through reinvestment of dividends or capital gain distributions will not be subject to a CDSC.

To qualify to receive a finder's fee, an investment professional must notify Fidelity in advance of the eligible purchase.

The CDSC on Special Purchase Shares will not apply to the redemption of shares:

1. Acquired by insurance company separate accounts prior to April 1, 2001;

2. For plan loans or distributions or exchanges to non-Advisor fund investment options from employee benefit plans (except shares of SIMPLE IRA, SEP, and SARSEP plans and plans covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans) purchased on or after February 11, 1999) and 403(b) programs <R>other than Fidelity Advisor 403(b) programs for which Fidelity or an affiliate serves as custodian</R>; or

To qualify for a Special Purchase Share CDSC waiver, you must notify Fidelity in advance of your redemption.

Supplement to the Fidelity^® Advisor
Europe Capital
Appreciation Fund
Institutional Class
December 29, 2000
Prospectus

The following information supplements the information found under the heading "Buying Shares" in the "Buying and Selling Shares" section on page 10.

<R>Institutional Class shares are offered to:</R>

<R>8. Qualified state tuition programs for which FMR or an affiliate serves as investment manager.</R>

The following information replaces similar information found <R>under the heading "Minimums"</R> in the "Buying and Selling Shares" sectionon page 11.

There is no minimum account balance or initial or subsequent purchase minimum for (i) investments through Portfolio Advisory Services^SM , (ii) certain Fidelity retirement accounts funded through salary deduction, or accounts opened with the proceeds of distributions from such retirement accounts<R>, (iii) investments through a qualified state tuition program for which FMR or an affiliate serves as investment manager,</R> or <R>(iv)</R> certain mutual fund wrap program accounts. An eligible wrap program must offer asset allocation services, charge an asset-based fee to its participants for asset allocation and/or other advisory services, and meet trading and other operational requirements under an appropriate agreement with FDC. In addition, the fund may waive or lower purchase minimums in other circumstances.

<R>AEURI-01-02 July 16, 2001
1.740420.104</R>

Supplement to the
Fidelity^® Advisor Global Equity Fund
Class A, Class T,
Class B, and Class C December 29, 2000 Prospectus

The following information replaces footnote C to the "Shareholder fees (paid by the investor directly)" table in the "Fee Table" section on page 5.

The following information replaces similar information found under the heading "Buying Shares" in the "Buying and Selling Shares" section on page 12.

The following information replaces footnote A to the "Sales Charges and Concessions" tables on page 25.

^ASee "Special Purchase Shares" on page 30.

The following information replaces similar information for Class A found under the heading "Fund Distribution" in the "Fund Services" section on page 27.

A front-end sales charge will not apply to the following Class A shares:

<R>1.</R> Purchased for an employee benefit plan (except a SIMPLE IRA, SEP, or SARSEP plan or a plan covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans)) or a 403(b) program other than a Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian, with at least $25 million or more in plan assets;

<R>3.</R> Purchased for an employee benefit plan (except a SIMPLE IRA, SEP, or SARSEP plan or a plan covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans)) or a 403(b) program investing through a trust institution, bank trust department or insurance company, or any such institution's broker-dealer affiliate that is not part of an organization primarily engaged in the brokerage business. Employee benefit plans (except SIMPLE IRA, SEP, and SARSEP plans and plans covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans)) and 403(b) programs that participate in the Advisor Retirement Connection or are Fidelity Advisor 403(b) programs for which Fidelity or an affiliate serves as custodian, do not qualify for this waiver;

The following information supplements the information for Class A found under the heading "Fund Distribution" in the "Fund Services" section on page 28.

A front-end sales charge will not apply to the following Class A shares:

<R>11.</R> Purchased to repay a loan against Class A or Class B shares held in the investor's Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian.

The following information relaces similar information for Class T found under the heading "Fund Distribution" in the "Fund Services" section on page 28.

A front-end sales charge will not apply to the following Class T shares:

<R>5.</R> Purchased for an employee benefit plan (except a SIMPLE IRA, SEP, or SARSEP plan or a plan covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans)) or a 403(b) program other than a Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian;

<R>6.</R> Purchased for a Fidelity or Fidelity Advisor account with the proceeds of a distribution from (i) an insurance company separate account used to fund annuity contracts for employee benefit plans, 403(b) programs, or plans covering sole-proprietors (formerly Keogh/H.R. 10 plans) that are invested in Fidelity Advisor or Fidelity funds, or (ii) an employee benefit plan, a 403(b) program other than a Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian, or plan covering a sole-proprietor (formerly Keogh/H.R. 10 plan) that is invested in Fidelity Advisor or Fidelity funds. (Distributions other than those transferred to an IRA account must be transferred directly into a Fidelity account.);

Effective October 15, 2001, the following information found under the heading "Fund Distribution" in the "Fund Services" section on page 28 will no longer be applicable.

8. Purchased with redemption proceeds from other mutual fund complexes on which you have previously paid a front-end sales charge or CDSC;

The following information supplements the information for Class T found under the heading "Fund Distribution" in the "Fund Services" section on page 29.

A front-end sales charge will not apply to the following Class T shares:

<R>15.</R> Purchased to repay a loan against Class T shares held in the investor's Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian.

The following information replaces the "Finder's Fee" information beginning on page 30.

The CDSC will be assessed on Special Purchase Shares if they do not remain in Class A or Class T shares of the Fidelity Advisor funds, or Daily Money Class shares of Treasury Fund, Prime Fund, or Tax-Exempt Fund, for a period of at least one uninterrupted year. Shares acquired through reinvestment of dividends or capital gain distributions will not be subject to a CDSC.

To qualify to receive a finder's fee, an investment professional must notify Fidelity in advance of the eligible purchase.

The CDSC on Special Purchase Shares will not apply to the redemption of shares:

1. Acquired by insurance company separate accounts prior to April 1, 2001;

2. For plan loans or distributions or exchanges to non-Advisor fund investment options from employee benefit plans (except shares of SIMPLE IRA, SEP, and SARSEP plans and plans covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans) purchased on or after February 11, 1999) and 403(b) programs<R> other than Fidelity Advisor 403(b) programs for which Fidelity or an affiliate serves as custodian</R>; or

To qualify for a Special Purchase Share CDSC waiver, you must notify Fidelity in advance of your redemption.

Supplement to the
Fidelity^® Advisor Global Equity Fund
Institutional Class December 29, 2000 Prospectus

The following information supplements the similar information found under the "Buying Shares" heading in the "Buying and Selling Shares" section on page 10.

<R>Institutional Class shares are offered to:</R>

<R>8. Qualified state tuition programs for which FMR or an affiliate serves as investment manager.</R>

The following information replaces similar information found in the "Buying and Selling Shares" section on page 10.

There is no minimum account balance or initial or subsequent purchase minimum for (i) investments through Portfolio Advisory Services^SM , (ii) certain Fidelity retirement accounts funded through salary deduction, or accounts opened with the proceeds of distributions from such retirement accounts<R>, (iii) investments through a qualified state tuition program for which FMR or an affiliate serves as investment manager, </R>or (<R>iv</R>) certain mutual fund wrap program accounts. An eligible wrap program must offer asset allocation services, charge an asset-based fee to its participants for asset allocation and/or other advisory services, and meet trading and other operational requirements under an appropriate agreement with FDC. In addition, the fund may waive or lower purchase minimums in other circumstances.

AGLOI-01-02 July 16, 2001
1.743464.104

Supplement to the
Fidelity^® Advisor
International Capital Appreciation Fund Class A, Class T,
Class B, and Class C
December 29, 2000 Prospectus

The following information replaces footnote C to the "Shareholder fees (paid by the investor directly)" table of the "Fee Table" section on page 5.

^C Certain purchases of Class A and Class T shares will not be subject to a front-end sales charge but will be subject to a contingent deferred sales charge of 0.25% if redeemed within one year of purchase. See "Special Purchase Shares" on page 29.

The following information replaces similar information found under the heading "Buying Shares" in the "Buying and Selling Shares" section on page 12.

The following information replaces footnote A to the "Sales Charges and Concessions" tables on page 25.

^ASee "Special Purchase Shares" on page 29.

<R>AICAP-01-02 July 16, 2001
1.743370.104</R>

<R>The following information replaces similar information for Class A found under the heading "Fund Distribution" in the "Fund Services" section on page 27.</R>

<R>A front-end sales charge will not apply to the following Class A shares:</R>

<R>The following information supplements the information for Class A found under the heading "Fund Distribution" in the "Fund Services" section beginning on page 24.</R>

<R>A front-end sales charge will not apply to the following Class A shares:</R>

<R></R>11. Purchased to repay a loan against Class A or Class B shares held in the investor's Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian.

<R>The following information replaces similar information for Class T found under the heading "Fund Distribution" in the "Fund Services" section beginning on page 24.</R>

<R>A front-end sales charge will not apply to the following Class T shares:</R>

<R></R>6. Purchased for a Fidelity or Fidelity Advisor account with the proceeds of a distribution from (i) an insurance company separate account used to fund annuity contracts for employee benefit plans, 403(b) programs or plans covering sole-proprietors (formerly Keogh/H.R. 10 plans) that are invested in Fidelity Advisor or Fidelity funds, or (ii) an employee benefit plan, a 403(b) program other than a Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian, or plan covering a sole-proprietor (formerly Keogh/H.R. 10 plan) that is invested in Fidelity Advisor or Fidelity funds. (Distributions other than those transferred to an IRA account must be transferred directly into a Fidelity account.);

<R>Effective October 15, 2001, the following information found under the heading "Fund Distribution" in the "Fund Services" section on page 28 will no longer be applicable.</R>

<R></R>8. Purchased with redemption proceeds from other mutual fund complexes on which you have previously paid a front-end sales charge or CDSC;

<R>The following information supplements the information for Class T found under the heading "Fund Distribution" in the "Fund Services" section beginning on page 24.</R>

<R>A front-end sales charge will not apply to the following Class T shares:</R>

<R></R>15. Purchased to repay a loan against Class T shares held in the investor's Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian.

The following information replaces the information found under the heading "Finder's Fee" in the "Fund Services" section beginning on page 29.

The CDSC will be assessed on Special Purchase Shares if they do not remain in Class A or Class T shares of the Fidelity Advisor funds, or Daily Money Class shares of Treasury Fund, Prime Fund, or Tax-Exempt Fund, for a period of at least one uninterrupted year. Shares acquired through reinvestment of dividends or capital gain distributions will not be subject to a CDSC.

To qualify to receive a finder's fee, an investment professional must notify Fidelity in advance of the eligible purchase.

The CDSC on Special Purchase Shares will not apply to the redemption of shares:

1. Acquired by insurance company separate accounts prior to April 1, 2001;

To qualify for a Special Purchase Share CDSC waiver, you must notify Fidelity in advance of your redemption.

Supplement to the
Fidelity^® Advisor
International Capital
Appreciation Fund
Institutional Class
December 29, 2000 Prospectus

<R>The following information supplements the information found under the heading "Buying Shares" in the "Buying and Selling Shares" section beginning on page 9.</R>

<R>Institutional Class shares are offered to:</R>

<R>8. Qualified state tuition programs for which FMR or an affiliate serves as investment manager.</R>

The following information replaces similar information found under the heading "<R>Minimums</R>" in the "Buying and Selling Shares" section on page 11.

There is no minimum account balance or initial or subsequent purchase minimum for (i) investments through Portfolio Advisory Services^SM , (ii) certain Fidelity retirement accounts funded through salary deduction, or accounts opened with the proceeds of distributions from such retirement accounts, <R>(iii) investments through a qualified state tuition program for which FMR or an affiliate serves as investment manager, or (iv)</R> certain mutual fund wrap program accounts. An eligible wrap program must offer asset allocation services, charge an asset-based fee to its participants for asset allocation and/or other advisory services, and meet trading and other operational requirements under an appropriate agreement with FDC. In addition, the fund may waive or lower purchase minimums in other circumstances.

AICAPI-01<R>-02</R> <R>July 16, 2001</R>
1.743371.104

Supplement to the
Fidelity^® Advisor
Japan Fund
Class A, Class T,
Class B, and Class C
December 29, 2000 Prospectus

The following replaces footnote C to the "Shareholder fees (paid by the investor directly)" table on page 5.

The following information replaces similar information found in the "Buying and Selling Shares" section on page 12.

The following replaces footnote A to the "Sales Charges and Concessions" tables on page 25.

^A See "Special Purchase Shares" on page 30.

<R>The following information replaces similar information for Class A found under the heading "Fund Distribution" in the "Fund Services" section on page 27.</R>

<R>A front-end sales charge will not apply to the following Class A shares:</R>

<R>1. Purchased for an employee benefit plan (except a SIMPLE IRA, SEP, or SARSEP plan or a plan covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans)) or a 403(b) program other than a Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian, with at least $25 million or more in plan assets; </R>

<R>3. Purchased for an employee benefit plan (except a SIMPLE IRA, SEP, or SARSEP plan or a plan covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans)) or a 403(b) program investing through a trust institution, bank trust department or insurance company, or any such institution's broker-dealer affiliate that is not part of an organization primarily engaged in the brokerage business. Employee benefit plans (except SIMPLE IRA, SEP, and SARSEP plans and plans covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans)) and 403(b) programs that participate in the Advisor Retirement Connection or are Fidelity Advisor 403(b) programs for which Fidelity or an affiliate serves as custodian, do not qualify for this waiver;</R>

<R>The following information supplements the information for Class A found under the heading "Fund Distribution" in the "Fund Services" section on page 28.</R>

<R>A front-end sales charge will not apply to the following Class A shares:</R>

<R>11. Purchased to repay a loan against Class A or Class B shares held in the investor's Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian. </R>

<R>The following information relaces similar information for Class T found under the heading "Fund Distribution" in the "Fund Services" section on page 28.</R>

<R>A front-end sales charge will not apply to the following Class T shares:</R>

<R>5. Purchased for an employee benefit plan (except a SIMPLE IRA, SEP, or SARSEP plan or a plan covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans)) or a 403(b) program other than a Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian; </R>

<R>6. Purchased for a Fidelity or Fidelity Advisor account with the proceeds of a distribution from (i) an insurance company separate account used to fund annuity contracts for employee benefit plans, 403(b) programs, or plans covering sole-proprietors (formerly Keogh/H.R. 10 plans) that are invested in Fidelity Advisor or Fidelity funds, or (ii) an employee benefit plan, a 403(b) program other than a Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian, or plan covering a sole-proprietor (formerly Keogh/H.R. 10 plan) that is invested in Fidelity Advisor or Fidelity funds. (Distributions other than those transferred to an IRA account must be transferred directly into a Fidelity account.);</R>

<R>Effective October 15, 2001, the following information found under the heading "Fund Distribution" in the "Fund Services" section on page 28 will no longer be applicable.</R>

<R>8. Purchased with redemption proceeds from other mutual fund complexes on which you have previously paid a front-end sales charge or CDSC; </R>

<R>The following information supplements the information for Class T found under the heading "Fund Distribution" in the "Fund Services" section on page 29.</R>

<R>A front-end sales charge will not apply to the following Class T shares:</R>

<R>15. Purchased to repay a loan against Class T shares held in the investor's Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian. </R>

The following information replaces the "Finder's Fee" information found on page 30.

The CDSC will be assessed on Special Purchase Shares if they do not remain in Class A or Class T shares of the Fidelity Advisor funds, or Daily Money Class shares of Treasury Fund, Prime Fund, or Tax-Exempt Fund, for a period of at least one uninterrupted year. Shares acquired through reinvestment of dividends or capital gain distributions will not be subject to a CDSC.

To qualify to receive a finder's fee, an investment professional must notify Fidelity in advance of the eligible purchase.

The CDSC on Special Purchase Shares will not apply to the redemption of shares:

1. Acquired by insurance company separate accounts prior to April 1, 2001;

2. For plan loans or distributions or exchanges to non-Advisor fund investment options from employee benefit plans (except shares of SIMPLE IRA, SEP, and SARSEP plans and plans covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans) purchased on or after February 11, 1999) and 403(b) programs<R> other than Fidelity Advisor 403(b) programs for which Fidelity or an affiliate serves as custodian</R>; or

To qualify for a Special Purchase Share CDSC waiver, you must notify Fidelity in advance of your redemption.

Supplement to the
Fidelity^® Advisor
Japan Fund
Institutional Class
December 29, 2000 Prospectus

The following information supplements the information found under the heading "Buying Shares" in the "Buying and Selling Shares" section on page <R>10</R>.

<R>Institutional Class shares are offered to:</R>

<R></R>8. Qualified state tuition programs for which FMR or an affiliate serves as investment manager.

The following information replaces similar information found under the heading "Minimums" in the "Buying and Selling Shares" section on page 11.

There is no minimum account balance or initial or subsequent purchase minimum for (i) investments through Portfolio Advisory Services^SM , (ii) certain Fidelity retirement accounts funded through salary deduction, or accounts opened with the proceeds of distributions from such retirement accounts<R>, (iii) investments through a qualified state tuition program for which FMR or an affiliate serves as investment manager, </R>or (<R>iv</R>) certain mutual fund wrap program accounts. An eligible wrap program must offer asset allocation services, charge an asset-based fee to its participants for asset allocation and/or other advisory services, and meet trading and other operational requirements under an appropriate agreement with FDC. In addition, the fund may waive or lower purchase minimums in other circumstances.

<R>AJAFI-01-02 July 16, 2001
1.743386.104</R>

Supplement to the
Fidelity^® Advisor
Korea Fund
Class A, Class T,
Class B, and Class C
December 29, 2000
Revised
January 16, 2001
Prospectus

The following replaces footnote C to the "Shareholder fees (paid by the investor directly)" table in the "Fee Table" section on page 6.

^C Certain purchases of Class A and Class T shares will not be subject to a front-end sales charge but will be subject to a contingent deferred sales charge of 0.25% if redeemed within one year of purchase. See "Special Purchase Shares" on page 33.

The following information replaces Footnote B to the "Annual class operating expenses (paid from class assets)" table on page 6.

^BFMR has voluntarily agreed to reimburse Class A, Class T, Class B, and Class C of the fund to the extent that total operating expenses (excluding interest, taxes, certain securities lending costs, brokerage commissions, and extraordinary expenses), as a percentage of their respective average net assets, exceed the following rates:

The following information replaces the footnote to the "Annual class operating expenses (paid from class assets)" table on page 7.

These arrangements may be discontinued by FMR at any time.

The following information replaces similar information found under the heading "Buying Shares" in the "Buying and Selling Shares" section on page 15.

The following replaces footnote A to the "Sales Charges and Concessions" tables in the "Fund Distribution" section on page 28.

^<R>ASee "Special Purchase Shares" on page 32.</R>

<R>The following information replaces similar information for Class A found under the heading "Fund Distribution" in the "Fund Services" section on pages 30.</R>

<R>A front-end sales charge will not apply to the following Class A shares:</R>

<R></R>2. Purchased for an employee benefit plan (except a SIMPLE IRA, SEP, or SARSEP plan or a plan covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans)) or a 403(b) program other than a Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian, with at least $25 million or more in plan assets;

<R>The following information supplements the information for Class A found under the heading "Fund Distribution" in the "Fund Services" section on page 31.</R>

<R>A front-end sales charge will not apply to the following Class A shares:</R>

<R></R>11. Purchased to repay a loan against Class A or Class B shares held in the investor's Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian.

<R>The following information replaces similar information for Class T found under the heading "Fund Distribution" in the "Fund Services" section on page 31.</R>

<R>A front-end sales charge will not apply to the following Class T shares:</R>

<R>Effective October 15, 2001, the following information found under the heading "Fund Distribution" in the "Fund Services" section on page 31 will no longer be applicable.</R>

<R></R>8. Purchased with redemption proceeds from other mutual fund complexes on which you have previously paid a front-end sales charge or CDSC;

<R>The following information supplements the information for Class T found under the heading "Fund Distribution" in the "Fund Services" section on page 32.</R>

<R>A front-end sales charge will not apply to the following Class T shares:</R>

<R>15. Purchased to repay a loan against Class T shares held in the investor's Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian.</R>

<R>The following information replaces the "Finder's Fee" information beginning on page 32.</R>

The CDSC will be assessed on Special Purchase Shares if they do not remain in Class A or Class T shares of the Fidelity Advisor funds, or Daily Money Class shares of Treasury Fund, Prime Fund, or Tax-Exempt Fund, for a period of at least one uninterrupted year. Shares acquired through reinvestment of dividends or capital gain distributions will not be subject to a CDSC.

To qualify to receive a finder's fee, an investment professional must notify Fidelity in advance of the eligible purchase.

The CDSC on Special Purchase Shares will not apply to the redemption of shares:

1.Acquired by insurance company separate accounts prior to April 1, 2001;

2. For plan loans or distributions or exchanges to non-Advisor fund investment options from employee benefit plans (except shares of SIMPLE IRA, SEP, and SARSEP plans and plans covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans) purchased on or after February 11, 1999) and 403(b) programs other than Fidelity Advisor 403(b) programs for which Fidelity or an affiliate serves as custodian; or

To qualify for a Special Purchase Share CDSC waiver, you must notify Fidelity in advance of your redemption.

Supplement to the
Fidelity^® Advisor Korea Fund
Institutional Class
December 29, 2000
Prospectus

The following information supplements the information found under the heading "Buying Shares" in the "Buying and Selling Shares" section on page 13.

<R>Institutional Class shares are offered to:</R>

<R>8. Qualified state tuition programs for which FMR or an affiliate serves as investment manager.</R>

The following information replaces similar information found under the heading "Minimums" in the "Buying and Selling Shares" section on page 14.

<R>There is no minimum account balance or initial or subsequent purchase minimum for (i) investments through Portfolio Advisory Services^SM , (ii) certain Fidelity retirement accounts funded through salary deduction, or accounts opened with the proceeds of distributions from such retirement accounts, (iii) investments through a qualified state tuition program for which FMR or an affiliate serves as investment manager, or (iv) certain mutual fund wrap program accounts. An eligible wrap program must offer asset allocation services, charge an asset-based fee to its participants for asset allocation and/or other advisory services, and meet trading and other operational requirements under an appropriate agreement with FDC. In addition, the fund may waive or lower purchase minimums in other circumstances.</R>

<R>AKORI-01-02 July 16, 2001
1.750123.103</R>

Supplement to the
Fidelity^® Advisor Latin
America Fund
Class A, Class T,
Class B, and Class C
December 29, 2000
Prospectus as Revised February 22, 2001

The following information replaces footnote C to the "Shareholder fees (paid by the investor directly)" table found in the "Fee Table" section on page 5.

The following information replaces similar information found under the heading "<R>Minimums</R>" in the "Buying and Selling Shares" section on page 13.

Effective June 30, 2001, the following information replaces the biographical information found in the "Fund Management" section on page 24.

Margaret Reynolds is manager of Adviser Latin America, which she has managed since June 2001. She also manages other Fidelity funds. Since joining Fidelity in 1995, Ms. Reynolds has worked as a research analyst and manager.

<R>The following information replaces footnote A to the "Sales Charges and Concessions" tables in the "Fund Distribution" section on page 26.</R>

^<R>ASee "Special Purchase Shares" section on page 30.</R>

<R>The following information replaces similar information for Class A found under the heading "Fund Distribution"in the "Fund Services" section on page 28.</R>

<R>A front-end sales charge will not apply to the following Class A shares:</R>

<R>The following information supplements the information for Class A found under the heading "Fund Distribution"in the "Fund Services" section on page 29.</R>

<R>A front-end sales charge will not apply to the following Class A shares:</R>

<R></R>11. Purchased to repay a loan against Class A or Class B shares held in the investor's Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian.

<R>The following information replaces similar information for Class T found under the heading "Fund Distribution"in the "Fund Services" section on page 29.</R>

<R>A front-end sales charge will not apply to the following Class T shares:</R>

<R>Effective October 15, 2001, the following information found under the heading "Fund Distribution"in the "Fund Services" section on page 29 will no longer be applicable.</R>

<R></R>8. Purchased with redemption proceeds from other mutual fund complexes on which you have previously paid a front-end sales charge or CDSC;

<R>The following information supplements the information for Class T found under the heading "Fund Distribution"in the "Fund Services" section on page 30.</R>

<R>A front-end sales charge will not apply to the following Class T shares:</R>

<R></R>15. Purchased to repay a loan against Class T shares held in the investor's Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian.

The following information replaces the "Finder's Fee" information found in the "Fund Distribution" section beginning on page 30.

The CDSC will be assessed on Special Purchase Shares if they do not remain in Class A or Class T shares of the Fidelity Advisor funds, or Daily Money Class shares of Treasury Fund, Prime Fund, or Tax-Exempt Fund, for a period of at least one uninterrupted year. Shares acquired through reinvestment of dividends or capital gain distributions will not be subject to a CDSC.

To qualify to receive a finder's fee, an investment professional must notify Fidelity in advance of the eligible purchase.

The CDSC on Special Purchase Shares will not apply to the redemption of shares:

1. Acquired by insurance company separate accounts prior to April 1, 2001;

2. For plan loans or distributions or exchanges to non-Advisor fund investment options from employee benefit plans (except shares of SIMPLE IRA, SEP, and SARSEP plans and plans covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans) purchased on or after February 11, 1999) and 403(b) programs <R>other than Fidelity Advisor 403(b) programs for which Fidelity or an affiliate serves as custodian</R>; or

To qualify for a Special Purchase Share CDSC waiver, you must notify Fidelity in advance of your redemption.

Supplement to the
Fidelity^® Advisor Latin
America Fund
Institutional Class
December 29, 2000
Prospectus as Revised February 22, 2001

The following information supplements the information found under the heading "Buying Shares" in the "Buying and Selling Shares" section on page 12.

<R>Institutional Class shares are offered to:</R>

<R>7. Employee benefit plan programs covering employees of broker-dealers, registered investment advisers, trust institutions and bank trust departments, and insurance companies having agreements with FDC; and</R>

<R></R>8. Qualified state tuition programs for which FMR or an affiliate serves as investment manager.

The following information replaces similar information found under the heading "<R>Minimums</R>" in the "Buying and Selling Shares" section on page 13.

There is no minimum account balance or initial or subsequent purchase minimum for (i) investments through Portfolio Advisory Services^SM , (ii) certain Fidelity retirement accounts funded through salary deduction, or accounts opened with the proceeds of distributions from such retirement accounts, <R>(iii) investments through a qualified state tuition program for which FMR or an FMR affiliate serves as investment manager</R>, or (<R>iv</R>) certain mutual fund wrap program accounts. An eligible wrap program must offer asset allocation services, charge an asset-based fee to its participants for asset allocation and/or other advisory services, and meet trading and other operational requirements under an appropriate agreement with FDC. In addition, the fund may waive or lower purchase minimums in other circumstances.

Effective June 30, 2001, the following information replaces the biographical information found in the "Fund Management" section on page 22.

<R>ALAFI-01-03 July 16, 2001
1.743524.106</R>

Supplement to the
Fidelity^®Advisor Emerging Markets Income Fund
Class A, Class T,
Class B and Class C
March 1, 2001
Prospectus

<R>Effective July 2001, 0.15% of the Class A 12b-1 fee and 0.25% of the Class T 12b-1 fee will be classified as a service fee under each Class A and Class T Distribution and Service Plan. The reclassification of part of the 12b-1 fee will not increase the amounts paid under each plan.</R>

The following information replaces the similar information found under the heading "Fundamental Investment Policies" in the "Investment Details" section on page 10.

Advisor Emerging Markets Income Fund seeks a high level of current income. As a secondary objective, the fund seeks capital appreciation.

The following information replaces similar information found under the heading "Minimums" in the "Buying and Selling Shares" section found on page 14.

<R>The following information replaces similar information for Class A found under the heading "Fund Distribution" in the "Fund Services" section on page 30.</R>

<R>A front-end sales charge will not apply to the following Class A shares:</R>

<R>The following information supplements the information for Class A found under the heading "Fund Distribution" in the "Fund Services" section on page 31.</R>

<R>A front-end sales charge will not apply to the following Class A shares:</R>

<R></R>11. Purchased to repay a loan against Class A or Class B shares held in the investor's Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as a custodian.

<R>Effective October 15, 2001, the following information found under the heading "Fund Distribution" in the "Fund Services" section on page 31 will no longer be applicable.</R>

<R></R>8. Purchased with redemption proceeds from other mutual fund complexes on which you have previously paid a front end sales charge or CDSC;

<R>The following information replaces similar information for Class T found under the heading "Fund Distribution" in the "Fund Services" section on page 31.</R>

<R>A front-end sales charge will not apply to the following Class T shares:</R>

<R>The following information supplements the information for Class T found under the heading "Fund Distribution" in the "Fund Services" section on page 32.</R>

<R>A front-end sales charge will not apply to the following Class T shares:</R>

<R></R>15. Purchased to repay a loan against Class T shares held in the investor's Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian.

The following information replaces the first and fourth paragraphs found under the heading "Special Purchase Shares" in the "Fund Distribution" section on page 33.

To qualify to receive a finder's fee, an investment professional must notify Fidelity in advance of the eligible purchase.

The following information replaces similar information found under under the heading "Special Purchase Shares" in the "Fund Distribution" section on page 33.

The CDSC on Special purchase shares will not apply to the redemption of shares:

1. Acquired by insurance company separate accounts prior to April 1, 2001;

<R></R>2 For plan loans or distributions or exchanges to non-Advisor fund investment options from employee benefit plans (except shares of SIMPLE IRA, SEP, and SARSEP plans and plans covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans) purchased on or after February 11, 1999) and 403(b) programs other than Fidelity Advisor 403(b) Programs for which Fidelity or an affiliate serves as custodian; or

Supplement to the
Fidelity^® Advisor Emerging Markets Income Fund Institutional Class
March 1, 2001
Prospectus

The following information replaces the similar information found under the heading "Fundamental Investment Policies" in the "Investment Details" section on page 9.

Advisor Emerging Markets Income Fund seeks a high level of current income. As a secondary objective, the fund seeks capital appreciation.

The following information supplements the information found under the heading "Buying Shares" in the "Buying and Selling Shares" section on page 12.

<R>Institutional Class shares are offered to:</R>

<R>8. Qualified state tuition programs for which FMR or an affiliate serves as investment manager.</R>

The following information replaces similar information found under the heading "Minimums" in the "Buying and Selling Shares" section on page 13.

There is no minimum account balance or initial or subsequent purchase minimum for (i) investments through Portfolio Advisory Services^SM , (ii) certain Fidelity retirement accounts funded through salary deduction, or accounts opened with the proceeds of distributions from such retirement accounts, <R>(iii) investments through a qualified state tuition program for which FMR or an affiliate serves as investment manager, or (iv)</R> certain mutual fund wrap program accounts. An eligible wrap program must offer asset allocation services, charge an asset-based fee to its participants for asset allocation and/or other advisory services, and meet trading and other operational requirements under an appropriate agreement with FDC. In addition, the fund may waive or lower purchase minimums in other circumstances.

Supplement to the
Fidelity^® Advisor Overseas Fund
Class A, Class T,
Class B, Class C
December 29, 2000
Prospectus

The following information replaces the similar information found under the heading "Investment Objective" in the "Investment Summary" section on page 3.

Advisor Overseas Fund seeks long-term growth of capital.

The following information replaces footnote C to the "Shareholder fees (paid by the investor directly)" table in the "Fee Table" section on page 5.

The following information replaces the similar information found under the heading "Fundamental Investment Policies" in the "Investment Details" section on page 8.

Advisor Overseas Fund seeks long-term growth of capital.

The following information replaces similar information found under the heading "Buying Shares" in the "Buying and Selling Shares" section on page 12.

OS-01-<R>03</R> <R>July 16</R>, 2001
1.743525.105

The following information replaces footnote A to the "Sales Charges and Concessions" tables in the "Fund Distribution" section on page 25.

^ASee "Special Purchase Shares" on page 30.

<R>The following information replaces similar information for Class A found under the heading "Fund Distribution" in the "Fund Services" section on page 27.</R>

<R>A front-end sales charge will not apply to the following Class A shares:</R>

<R>The following information supplements the information for Class A found under the heading "Fund Distribution" in the "Fund Services" section on page 28.</R>

<R>A front-end sales charge will not apply to the following Class A shares:</R>

<R></R>11. Purchased to repay a loan against Class A or Class B shares held in the investor's Fidelity Advisor 403(b) program for which Fidelity or an affiliate serves as custodian.

<R>The following information replaces similar information for Class T found under the heading "Fund Distribution" in the "Fund Services" section on page 29.</R>

<R>A front-end sales charge will not apply to the following Class T shares:</R>

<R>Effective October 15, 2001, the following information found under the heading "Fund Distribution" in the "Fund Services" section on page 29 will no longer be applicable.</R>