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)

82 Devonshire St., Boston, Massachusetts 02109
(Address of principal executive offices) (Zip code)

Eric D. Roiter, Secretary

82 Devonshire St.

Boston, Massachusetts 02109
(Name and address of agent for service)

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

Date of fiscal year end:	December 31
Date of reporting period:	September 30, 2004

Item 1. Schedule of Investments

Quarterly Holdings Report

for

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

September 30, 2004

1.808787.100

EMI-QTLY-1104

Investments September 30, 2004 (Unaudited)

Showing Percentage of Net Assets

Nonconvertible Bonds - 14.2%
		Principal Amount (d)		Value
Argentina - 0.5%
Pecom Energia SA 8.125% 7/15/10 (Reg. S)		$ 420,000		$ 420,000
Telefonica de Argentina SA 9.125% 11/7/10		420,000		425,250
TOTAL ARGENTINA				845,250
Bahamas (Nassau) - 0.1%
Odebrecht Overseas Ltd. 11.5% 2/25/09 (f)		170,000		182,325
Bermuda - 0.4%
APP China Group Ltd.:
14% 3/15/10 (c)(f)		1,125,000		241,875
14% 3/15/10 (Reg. S) (c)		1,665,000		357,975
TOTAL BERMUDA				599,850
Brazil - 0.1%
Braskem SA 11.75% 1/22/14 (f)		165,000		177,788
Cayman Islands - 0.1%
CSN Islands VIII Corp. 9.75% 12/16/13 (f)		165,000		165,413
Germany - 2.0%
Aries Vermogensverwaltngs GmbH 5.368% 10/25/07 (f)(g)	EUR	1,500,000		1,909,703
Bayerische Hypo-und Vereinsbank AG 8.625% 7/15/11 (f)		575,000		598,863
Citigroup Global Markets Deutschland AG 9.25% 4/19/14 (f)		655,000		622,250
TOTAL GERMANY				3,130,816
Indonesia - 0.3%
APP International Finance (Mauritius) Ltd.:
0% 7/5/05 (c)(f)		1,235,000		74,100
0% 7/5/05 (Reg. S) (c)		445,000		26,700
MEI Euro Finance Ltd. 8.75% 5/22/10 (f)		355,000		350,119
TOTAL INDONESIA				450,919
Luxembourg - 0.7%
Millicom International Cellular SA 10% 12/1/13 (f)		1,140,000		1,140,000
Malaysia - 1.5%
Petroliam Nasional BHD (Petronas) 7.625% 10/15/26 (Reg. S)		2,045,000		2,400,319
Mexico - 0.1%
Innova S. de R.L. 9.375% 9/19/13		185,000		202,113
Netherlands - 0.2%
Hurricane Finance BV 9.625% 2/12/10 (f)		340,000		367,200
Nonconvertible Bonds - continued
		Principal Amount (d)		Value
Russia - 3.7%
Mobile Telesystems Finance SA 9.75% 1/30/08 (f)		$ 2,380,000		$ 2,522,800
OAO Gazprom:
9.625% 3/1/13		1,440,000		1,600,272
10.5% 10/21/09		1,645,000		1,899,975
TOTAL RUSSIA				6,023,047
Tunisia - 0.3%
Banque Centrale de Tunisie 7.375% 4/25/12		400,000		455,720
Ukraine - 0.7%
Kyivstar GSM 10.375% 8/17/09 (f)		1,083,000		1,156,103
United States of America - 3.5%
Pemex Project Funding Master Trust:
3.4% 10/15/09 (f)(g)		2,020,000		2,100,800
7.375% 12/15/14		1,695,000		1,847,550
8.625% 2/1/22		865,000		985,019
9.125% 10/13/10		665,000		790,519
TOTAL UNITED STATES OF AMERICA				5,723,888
TOTAL NONCONVERTIBLE BONDS (Cost $23,657,435)			23,020,751
Government Obligations - 78.1%
Argentina - 4.6%
Argentine Republic:
BOCON:
4/1/07 February 2002 coupon (c)(i)		620,000		207
4/1/07 January 2002 coupon (c)(i)		620,000		207
4/1/07 March 2002 coupon (c)(i)		620,000		207
2% 4/1/07 (c)(g)		436,116		93,000
Brady:
discount 2.4006% 3/31/23 (c)(g)		1,395,000		725,400
par L-GP 6% 3/31/23 (c)		2,375,000		1,246,875
3% 3/29/05 (c)(g)		1,282,400		339,836
1.98% 8/3/12 (g)		1,180,000		871,908
9.75% 9/19/27 (c)		2,450,000		710,500
11.375% 3/15/10 (c)		1,400,000		420,000
11.375% 1/30/17 (c)		1,440,000		439,200
11.75% 4/7/09 (c)		1,396,000		425,780
11.75% 6/15/15 (c)		1,689,000		506,700
12% 6/19/31 (c)		1,128,900		331,332
Government Obligations - continued
		Principal Amount (d)		Value
Argentina - continued
Argentine Republic: - continued
12.25% 6/19/18 (c)		$ 1,252,275		$ 369,421
12.375% 2/21/12 (c)		880,000		272,800
15.5% 12/19/08 (c)		1,970,000		591,000
82.329% 4/10/05 (c)(g)		245,000		82,075
TOTAL ARGENTINA				7,426,448
Belize - 0.1%
Belize Government 9.75% 6/12/15		260,000		208,000
Brazil - 18.5%
Brazilian Federative Republic:
Brady:
capitalization bond 8% 4/15/14		9,047,921		8,952,001
debt conversion bond 2.125% 4/15/12 (g)		2,461,178		2,282,742
7.72% 6/29/09 (g)		795,000		869,531
8.25% 1/20/34		355,000		316,838
8.875% 4/15/24		2,590,000		2,486,400
9.25% 10/22/10		785,000		843,090
10% 8/7/11		1,230,000		1,356,075
10.25% 6/17/13		890,000		985,230
11% 1/11/12		850,000		975,375
11% 8/17/40		5,350,000		6,002,700
11.5% 3/12/08		795,000		916,635
12% 4/15/10		795,000		949,628
12.75% 1/15/20		835,000		1,060,450
14.5% 10/15/09		1,595,000		2,057,550
TOTAL BRAZIL				30,054,245
Colombia - 3.1%
Colombian Republic:
8.125% 5/21/24		280,000		254,800
9.75% 4/23/09		655,000		736,875
10% 1/23/12		930,000		1,029,975
10.375% 1/28/33		330,000		360,525
10.5% 7/9/10		995,000		1,144,250
10.75% 1/15/13		435,000		498,728
10.75% 1/15/13		100,000		114,650
11.75% 2/25/20		759,000		929,775
TOTAL COLOMBIA				5,069,578
Government Obligations - continued
		Principal Amount (d)		Value
Dominican Republic - 0.3%
Dominican Republic:
9.04% 1/23/13 (f)		$ 355,000		$ 276,013
9.5% 9/27/06 (Reg. S)		290,000		246,500
TOTAL DOMINICAN REPUBLIC				522,513
Ecuador - 1.3%
Ecuador Republic:
8% 8/15/30 (e)(f)		911,000		742,465
8% 8/15/30 (Reg. S) (e)		765,000		623,475
12% 11/15/12 (f)		239,000		236,013
12% 11/15/12 (Reg. S)		530,000		523,375
TOTAL ECUADOR				2,125,328
Egypt - 0.3%
Arab Republic 10.3592% to 10.4534% 11/23/04	EGP	3,225,000		509,705
Ivory Coast - 0.3%
Ivory Coast:
Brady past due interest 2% 3/29/18 (Reg. S) (c)(g)		1,097,250		208,478
FLIRB 2% 3/29/18 (Reg. S) (c)(g)		1,100,000		198,000
TOTAL IVORY COAST				406,478
Lebanon - 1.8%
Lebanese Republic:
7.875% 5/20/11 (f)		630,000		647,325
10.25% 10/6/09 (Reg. S)		405,000		461,700
11.625% 5/11/16 (Reg. S)		1,515,000		1,761,188
TOTAL LEBANON				2,870,213
Mexico - 9.8%
United Mexican States:
6.375% 1/16/13		2,795,000		2,943,135
6.625% 3/3/15		650,000		689,000
6.75% 9/27/34		2,090,000		2,006,400
7.5% 4/8/33		5,520,000		5,804,280
8.125% 12/30/19		2,135,000		2,446,710
11.375% 9/15/16		789,000		1,157,858
11.5% 5/15/26		555,000		829,725
TOTAL MEXICO				15,877,108
Government Obligations - continued
		Principal Amount (d)		Value
Nigeria - 1.1%
Central Bank of Nigeria:
promissory note 5.092% 1/5/10		$ 1,967,587		$ 1,857,891
warrants 11/15/20 (a)(h)		750		278
TOTAL NIGERIA				1,858,169
Panama - 1.6%
Panamanian Republic:
8.875% 9/30/27		325,000		338,000
9.375% 1/16/23		845,000		921,050
9.625% 2/8/11		1,155,000		1,322,475
TOTAL PANAMA				2,581,525
Peru - 2.7%
Peruvian Republic:
8.75% 11/21/33		310,000		308,450
9.125% 2/21/12		2,405,000		2,687,588
euro Brady past due interest 5% 3/7/17 (g)		1,452,000		1,328,580
TOTAL PERU				4,324,618
Philippines - 4.6%
Philippine Republic:
8.375% 3/12/09		795,000		847,669
8.375% 2/15/11		2,251,000		2,284,765
8.875% 3/17/15		980,000		976,325
9% 2/15/13		685,000		707,263
9.875% 3/16/10		250,000		278,125
9.875% 3/16/10		145,000		161,313
9.875% 1/15/19		635,000		654,844
10.625% 3/16/25		1,420,000		1,521,175
TOTAL PHILIPPINES				7,431,479
Russia - 12.0%
Russian Federation:
5% 3/31/30 (e)(f)		6,150,000		5,919,375
5% 3/31/30 (Reg. S) (e)		8,425,000		8,109,063
11% 7/24/18 (Reg. S)		2,277,000		2,971,485
12.75% 6/24/28 (Reg. S)		1,614,000		2,453,280
TOTAL RUSSIA				19,453,203
Turkey - 4.9%
Turkish Republic:
9.5% 1/15/14		400,000		454,000
Government Obligations - continued
		Principal Amount (d)		Value
Turkey - continued
Turkish Republic: - continued
11% 1/14/13		$ 1,240,000		$ 1,520,550
11.5% 1/23/12		865,000		1,076,925
11.75% 6/15/10		1,530,000		1,899,113
11.875% 1/15/30		800,000		1,104,000
12.375% 6/15/09		1,235,000		1,537,575
22.7799% 4/27/05	TRL	630,000,000,000		370,008
TOTAL TURKEY				7,962,171
Ukraine - 1.0%
City of Kiev 8.75% 8/8/08		200,000		210,000
Ukraine Government 6.875% 3/4/11 (f)		1,370,000		1,347,738
TOTAL UKRAINE				1,557,738
Uruguay - 1.6%
Uruguay Republic:
7.25% 2/15/11		1,190,000		1,118,600
7.5% 3/15/15		1,040,000		928,200
7.875% 1/15/33 pay-in-kind		665,884		546,025
TOTAL URUGUAY				2,592,825
Venezuela - 8.5%
Venezuelan Republic:
oil recovery rights 4/15/20 (h)		4,005		0
2.6325% 4/20/11 (g)		2,135,000		1,825,425
5.375% 8/7/10		4,410,000		3,973,410
7% 12/1/18 (Reg. S)		900,000		760,500
8.5% 10/8/14		695,000		679,363
9.25% 9/15/27		3,140,000		3,096,040
9.375% 1/13/34		700,000		691,600
10.75% 9/19/13		1,500,000		1,681,500
13.625% 8/15/18		75,000		96,000
13.625% 8/15/18		780,000		998,400
TOTAL VENEZUELA				13,802,238
TOTAL GOVERNMENT OBLIGATIONS (Cost $119,661,214)			126,633,582

Money Market Funds - 7.0%
	Shares	Value

Fidelity Cash Central Fund, 1.74% (b)
(Cost $11,325,814) 11,325,814 $ 11,325,814

Purchased Options - 0.0%
	Expiration Date/Strike Price			Underlying Face Amount
Brazil - 0.0%
Lehman Brothers Holdings, Inc. Call Option on $6,180,498 notional amount of Brazilian Federative Republic Brady capitialization bond 8% 4/15/14 (Cost $23,486)		October 2004/ $98.50	$ 6,114,985		33,375

TOTAL INVESTMENT PORTFOLIO - 99.3% (Cost $154,667,949)	161,013,522
NET OTHER ASSETS - 0.7%		1,196,856
NET ASSETS - 100%	$ 162,210,378

Security Type Abbreviation

FLIRB - Front Loaded Interest Reduction Bonds

Currency Abbreviations

EGP - Egyptian pound

EUR - European Monetary Unit

TRL - Turkish lira

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 listing of the fund's holdings as of its most recent fiscal year end is available upon request.

(c) Non-income producing - issuer filed for bankruptcy or is in default of interest payments.

(d) Principal amount is stated in United States dollars unless otherwise noted.

(e) Debt obligation initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end.

(f) 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 period end, the value of these securities amounted to $20,778,268 or 12.8% of net assets.

(g) The coupon rate shown on floating or adjustable rate securities represents the rate at period end.

(h) Quantity represents share amount.

(i) Represents right to receive interest payment on underlying security. Principal shown is original face of underlying security.

Income Tax Information

At September 30, 2004, the aggregate cost of investment securities for income tax purposes was $153,971,892. Net unrealized appreciation aggregated $7,041,630, of which $10,166,314 related to appreciated investment securities and $3,124,684 related to depreciated investment securities.

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 Corp. 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/Christine Reynolds
	Christine Reynolds
	President and Treasurer
Date:	November 22, 2004

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/Christine Reynolds
	Christine Reynolds
	President and Treasurer
Date:	November 22, 2004

By:	/s/Timothy F. Hayes
	Timothy F. Hayes
	Chief Financial Officer
Date:	November 22, 2004