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)

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

Scott C. Goebel, 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, 2008

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, 2008 

1.808787.104

EMI-QTLY-1108

Investments September 30, 2008 (Unaudited)

Showing Percentage of Net Assets

Nonconvertible Bonds - 15.6%

 

Principal Amount (c)

Value

Bahamas (Nassau) - 0.3%

Odebrecht Overseas Ltd. 9.625%

$ 730,000

$ 693,500

Cayman Islands - 0.1%

DASA Finance Corp. 8.75% 5/29/18 (e)

395,000

316,000

Dominican Republic - 0.1%

Cerveceria Nacional Dominicana C por A 16% 3/27/12 (e)

500,000

362,100

Germany - 0.6%

JSC Severstal 9.25% 4/19/14 (Issued by Citigroup Global Markets Deutschland AG for JSC Severstal) (e)

1,375,000

1,045,000

Kyivstar GSM 10.375% 8/17/09 (Issued by Dresdner Bank AG for Kyivstar GSM) (e)

555,000

549,450

TOTAL GERMANY

1,594,450

Indonesia - 0.0%

APP International Finance (Mauritius) Ltd.:

0% 7/5/01 (b)(e)

1,235,000

30,875

0% 7/5/01 (Reg. S) (b)

445,000

11,125

TOTAL INDONESIA

42,000

Ireland - 0.4%

Red Arrow International Leasing PLC 8.375% 6/30/12

RUB

32,225,212

1,142,567

Korea (South) - 0.4%

Hanarotelecom, Inc. 7% 2/1/12 (e)

1,260,000

1,159,200

Luxembourg - 4.9%

Evraz Group SA:

8.875% 4/24/13 (e)

1,335,000

1,027,950

9.5% 4/24/18 (e)

310,000

229,400

Millicom International Cellular SA 10% 12/1/13

1,130,000

1,180,850

Mobile Telesystems Finance SA:

8% 1/28/12 (e)

3,446,000

2,929,100

8.375% 10/14/10 (Reg. S)

1,350,000

1,255,500

OAO Severstal 9.75% 7/29/13 (Issued by Steel Capital SA for OAO Severstal) (e)

1,235,000

938,600

OJSC Russian Agricultural Bank:

6.299% 5/15/17 (Issued by RSHB Capital SA for OJSC Russian Agricultural Bank) (e)

1,250,000

887,500

6.97% 9/21/16 (Issued by RSHB Capital SA for OJSC Russian Agricultural Bank) (d)

325,000

256,750

7.125% 1/14/14 (Issued by RSHB Capital SA for OJSC Russian Agricultural Bank) (e)

875,000

708,750

Nonconvertible Bonds - continued

 

Principal Amount (c)

Value

Luxembourg - continued

OJSC Russian Agricultural Bank: - continued

7.175% 5/16/13 (Issued by RSHB Capital SA for OJSC Russian Agricultural Bank) (e)

$ 755,000

$ 626,650

7.75% 5/29/18 (Issued by RSHB Capital SA for OJSC Russian Agricultural Bank) (e)

795,000

572,400

TNK-BP Finance SA 7.5% 3/13/13 (e)

860,000

662,200

Vimpel Communications:

8.25% 5/23/16 (Issued by UBS Luxembourg SA for Vimpel Communications)

2,855,000

2,027,050

8.375% 4/30/13 (Issued by VIP Finance Ireland Ltd. for Vimpel Communications) (e)

775,000

596,750

TOTAL LUXEMBOURG

13,899,450

Malaysia - 0.9%

Penerbangan Malaysia Bhd 5.625% 3/15/16 (Reg. S)

935,000

921,256

Petronas Capital Ltd.:

7% 5/22/12

680,000

718,420

7.875% 5/22/22 (Reg. S)

800,000

896,880

TOTAL MALAYSIA

2,536,556

Mexico - 0.3%

Cablemas SA de CV 9.375% 11/15/15 (Reg. S)

695,000

701,950

Netherlands - 2.1%

Bulgaria Steel Finance BV 12% 5/4/13 unit (b)

EUR

600,000

194,207

KazMunaiGaz Finance Sub BV:

8.375% 7/2/13 (e)

1,150,000

966,000

9.125% 7/2/18 (e)

1,150,000

1,012,000

Lukoil International Finance BV:

6.356% 6/7/17 (e)

1,615,000

1,219,325

6.656% 6/7/22 (e)

1,080,000

723,600

Majapahit Holding BV:

7.75% 10/17/16

530,000

461,100

7.875% 6/29/37

525,000

383,250

PT Indosat International Finance Co. BV 7.125% 6/22/12 (e)

1,090,000

1,062,750

TOTAL NETHERLANDS

6,022,232

Philippines - 0.5%

Development Bank of Philippines 8.375% (f)

550,000

522,500

National Power Corp. 6.875% 11/2/16 (e)

850,000

765,000

TOTAL PHILIPPINES

1,287,500

Nonconvertible Bonds - continued

 

Principal Amount (c)

Value

Russia - 0.2%

OAO TMK 8.5% 9/29/09 (Issued by TMK Capital SA for OAO TMK)

$ 700,000

$ 637,000

Singapore - 0.2%

Empire Capital Resources Pte. Ltd. 9.375% 12/15/11 (e)

700,000

679,000

United Kingdom - 0.4%

Ex-Im Ukraine 7.65% 9/7/11 (Issued by Credit Suisse London Branch for Ex-Im Ukraine)

635,000

450,850

NJSC Naftogaz of Ukraine 8.125% 9/30/09 (Issued by Standard Bank PLC for NJSC Naftogaz of Ukraine)

900,000

738,000

TOTAL UNITED KINGDOM

1,188,850

United States of America - 2.6%

Freeport-McMoRan Copper & Gold, Inc.:

5.8825% 4/1/15 (f)

1,110,000

1,040,625

8.25% 4/1/15

1,605,000

1,576,913

Pemex Project Funding Master Trust:

6.625% 6/15/35

2,065,000

1,873,988

6.625% 6/15/35 (e)

335,000

304,013

8.625% 2/1/22

2,325,000

2,729,550

TOTAL UNITED STATES OF AMERICA

7,525,089

Venezuela - 1.6%

Petroleos de Venezuela SA:

5.25% 4/12/17

4,155,000

2,243,700

5.375% 4/12/27

3,825,000

1,663,875

5.5% 4/12/37

1,625,000

706,875

TOTAL VENEZUELA

4,614,450

TOTAL NONCONVERTIBLE BONDS

(Cost $55,218,611)

44,401,894

Government Obligations - 70.8%

 

Argentina - 1.6%

Argentine Republic:

discount (with partial capitalization through 12/31/13) 8.28% 12/31/33

4,133,255

2,355,956

par 1.33% 12/31/38 (d)

5,840,000

1,460,000

8.375% 12/20/03 (b)

2,095,000

586,600

Government Obligations - continued

 

Principal Amount (c)

Value

Argentina - continued

Argentine Republic: - continued

11% 10/9/06 (b)

$ 390,000

$ 109,200

11.75% 4/7/09 (b)

545,000

152,600

TOTAL ARGENTINA

4,664,356

Belize - 0.1%

Belize Government 4.25% 2/20/29 (d)(e)

549,700

371,048

Brazil - 9.7%

Brazilian Federative Republic:

6% 1/17/17

740,000

716,690

7.125% 1/20/37

3,380,000

3,489,850

8% 1/15/18

2,060,000

2,210,380

8.25% 1/20/34

1,795,000

2,032,838

8.75% 2/4/25

3,650,000

4,270,500

8.875% 10/14/19

1,770,000

2,062,050

8.875% 4/15/24

2,345,000

2,772,963

10.125% 5/15/27

1,050,000

1,380,750

11% 8/17/40

2,345,000

2,942,975

12.25% 3/6/30

1,835,000

2,848,838

12.75% 1/15/20

1,975,000

2,893,375

TOTAL BRAZIL

27,621,209

Colombia - 3.0%

Colombian Republic:

7.375% 9/18/37

2,460,000

2,460,000

8.125% 5/21/24

330,000

361,350

10.375% 1/28/33

525,000

703,500

10.75% 1/15/13

1,260,000

1,467,900

11.75% 2/25/20

2,613,000

3,586,343

TOTAL COLOMBIA

8,579,093

Congo - 0.4%

Congo Republic 2.5% 6/30/29 (d)

2,061,500

1,071,980

Dominican Republic - 0.2%

Dominican Republic 9.04% 1/23/18 (e)

513,699

484,161

Ecuador - 1.5%

Ecuador Republic:

9.375% 12/15/15 (e)

540,000

450,900

Government Obligations - continued

 

Principal Amount (c)

Value

Ecuador - continued

Ecuador Republic: - continued

10% 8/15/30 (Reg. S)

$ 3,015,000

$ 2,170,800

12% 11/15/12 (Reg. S)

1,964,520

1,787,713

TOTAL ECUADOR

4,409,413

Egypt - 0.5%

Arab Republic of Egypt 8.75% 7/18/12 (e)

EGP

10,470,000

1,536,317

El Salvador - 0.5%

El Salvador Republic:

7.75% 1/24/23 (Reg. S)

750,000

750,000

8.25% 4/10/32 (Reg. S)

645,000

664,350

TOTAL EL SALVADOR

1,414,350

Fiji - 0.2%

Republic of Fiji 6.875% 9/13/11

760,000

668,800

Gabon - 1.0%

Gabonese Republic 8.2% 12/12/17 (e)

3,040,000

2,827,200

Georgia - 0.4%

Georgia Republic 7.5% 4/15/13

1,175,000

992,875

Ghana - 0.9%

Ghana Republic 8.5% 10/4/17 (e)

2,900,000

2,465,000

Indonesia - 2.5%

Indonesian Republic:

6.75% 3/10/14 (Reg. S)

1,190,000

1,124,550

6.875% 1/17/18 (e)

1,570,000

1,420,850

7.5% 1/15/16 (e)

945,000

907,200

7.75% 1/17/38 (e)

2,150,000

1,881,250

8.5% 10/12/35 (e)

1,745,000

1,675,200

TOTAL INDONESIA

7,009,050

Iraq - 0.8%

Republic of Iraq 5.8% 1/15/28 (Reg. S)

3,440,000

2,201,600

Ivory Coast - 1.4%

Ivory Coast:

FLIRB 4% 3/29/18 (Reg. S) (b)(f)

5,435,000

1,956,600

past due interest 3% 3/30/18 (Reg. S) (b)(f)

5,358,000

1,928,880

TOTAL IVORY COAST

3,885,480

Lebanon - 2.9%

Lebanese Republic:

6.1088% 11/30/09 (Reg. S) (f)

1,585,000

1,537,450

Government Obligations - continued

 

Principal Amount (c)

Value

Lebanon - continued

Lebanese Republic: - continued

7.125% 3/5/10

$ 1,560,000

$ 1,536,600

7.875% 5/20/11 (Reg. S)

1,095,000

1,081,313

8.5% 1/19/16 (Reg. S)

380,000

368,600

8.625% 6/20/13 (Reg. S)

340,000

335,750

10.25% 10/6/09 (Reg. S)

630,000

642,600

11.625% 5/11/16 (Reg. S)

2,335,000

2,644,388

TOTAL LEBANON

8,146,701

Malaysia - 0.4%

Malaysian Government:

7.5% 7/15/11

570,000

611,154

8.75% 6/1/09

570,000

584,421

TOTAL MALAYSIA

1,195,575

Mexico - 6.4%

United Mexican States:

6.75% 9/27/34

4,725,000

4,748,625

7.5% 4/8/33

1,610,000

1,758,925

8.125% 12/30/19

1,874,000

2,159,785

8.3% 8/15/31

3,055,000

3,612,538

11.375% 9/15/16

1,544,000

2,065,100

11.5% 5/15/26

2,485,000

3,839,325

TOTAL MEXICO

18,184,298

Pakistan - 0.2%

Islamic Republic of Pakistan:

6.875% 6/1/17 (e)

435,000

195,750

7.125% 3/31/16 (e)

920,000

423,200

TOTAL PAKISTAN

618,950

Panama - 0.9%

Panamanian Republic:

7.125% 1/29/26

655,000

661,550

7.25% 3/15/15

565,000

583,363

8.875% 9/30/27

1,175,000

1,374,750

TOTAL PANAMA

2,619,663

Peru - 1.4%

Peruvian Republic:

6.55% 3/14/37

1,350,000

1,242,000

Government Obligations - continued

 

Principal Amount (c)

Value

Peru - continued

Peruvian Republic: - continued

7.35% 7/21/25

$ 1,730,000

$ 1,747,300

9.875% 2/6/15

815,000

957,625

TOTAL PERU

3,946,925

Philippines - 6.5%

Philippine Republic:

6.375% 1/15/32

335,000

310,311

7.75% 1/14/31

1,985,000

2,089,213

8.875% 3/17/15

1,930,000

2,132,650

9% 2/15/13

2,415,000

2,632,350

9.375% 1/18/17

1,815,000

2,105,400

9.5% 2/2/30

2,195,000

2,705,338

9.875% 1/15/19

3,010,000

3,672,200

10.625% 3/16/25

2,155,000

2,849,988

TOTAL PHILIPPINES

18,497,450

Russia - 8.4%

Russian Federation:

7.5% 3/31/30 (Reg. S)

16,547,300

16,858,380

11% 7/24/18 (Reg. S)

2,127,000

2,913,990

12.75% 6/24/28 (Reg. S)

2,689,000

4,315,576

TOTAL RUSSIA

24,087,946

Serbia - 0.3%

Republic of Serbia 3.75% 11/1/24 (d)(e)

1,145,000

978,975

Turkey - 9.1%

Turkish Republic:

6.75% 4/3/18

2,710,000

2,540,625

6.875% 3/17/36

2,330,000

2,041,779

7% 9/26/16

1,600,000

1,552,000

7% 3/11/19

2,800,000

2,653,000

7% 6/5/20

1,805,000

1,705,725

7.25% 3/5/38

1,120,000

1,016,400

7.375% 2/5/25

3,475,000

3,327,313

8% 2/14/34

1,365,000

1,363,362

9.5% 1/15/14

1,960,000

2,163,448

11% 1/14/13

2,445,000

2,805,638

11.5% 1/23/12

1,850,000

2,104,375

11.875% 1/15/30

1,930,000

2,791,359

TOTAL TURKEY

26,065,024

Government Obligations - continued

 

Principal Amount (c)

Value

Ukraine - 1.2%

Ukraine Government:

6.385% 6/26/12 (e)

$ 1,090,000

$ 910,150

6.75% 11/14/17 (e)

1,085,000

775,775

6.875% 3/4/11 (Reg. S)

785,000

706,500

7.65% 6/11/13 (Reg. S)

1,270,000

1,063,625

TOTAL UKRAINE

3,456,050

Uruguay - 1.2%

Uruguay Republic:

7.875% 1/15/33 pay-in-kind

1,232,230

1,173,699

8% 11/18/22

1,910,000

1,890,900

9.25% 5/17/17

395,000

444,375

TOTAL URUGUAY

3,508,974

Venezuela - 6.8%

Venezuelan Republic:

oil recovery rights 4/15/20 (g)

21,255

754,553

7% 3/31/38

1,345,000

773,375

8.5% 10/8/14

2,650,000

2,133,250

9% 5/7/23 (Reg. S)

2,120,000

1,452,200

9.25% 9/15/27

3,780,000

2,835,000

9.375% 1/13/34

1,630,000

1,108,400

10.75% 9/19/13

8,095,000

7,366,450

13.625% 8/15/18

2,890,000

3,005,600

TOTAL VENEZUELA

19,428,828

Vietnam - 0.4%

Vietnamese Socialist Republic 6.875% 1/15/16 (e)

1,265,000

1,170,125

TOTAL GOVERNMENT OBLIGATIONS

(Cost $213,042,491)

202,107,416

Supranational Obligations - 0.2%

 

European Bank for Reconstruction and Development 6.5% 12/20/10
(Cost $564,434)

RUB

13,850,000

531,911

Common Stocks - 0.2%

Shares

 

Hong Kong - 0.1%

China Mobile (Hong Kong) Ltd. sponsored ADR

5,700

285,456

Common Stocks - continued

Shares

Value

Korea (South) - 0.1%

Samsung Electronics Co. Ltd. GDR (e)

1,424

$ 318,976

TOTAL COMMON STOCKS

(Cost $970,496)

604,432

Investment Companies - 2.1%

 

 

 

 

United States of America - 2.1%

iShares MSCI Emerging Markets Index ETF
(Cost $6,523,012)

169,700

5,859,741

Preferred Securities - 4.1%

Principal Amount (c)

 

Brazil - 1.6%

Globo Comunicacoes e Participacoes SA 9.375%

$ 3,265,000

3,243,263

Net Servicos de Comunicacao SA 9.25% (e)

1,460,000

1,414,077

TOTAL BRAZIL

4,657,340

United States of America - 2.5%

Pemex Project Funding Master Trust 7.75%

7,240,000

7,134,483

TOTAL PREFERRED SECURITIES

(Cost $12,131,291)

11,791,823

Money Market Funds - 5.6%

Shares

 

Fidelity Cash Central Fund, 1.92% (a)
(Cost $16,029,936)

16,029,936

16,029,936

TOTAL INVESTMENT PORTFOLIO - 98.6%

(Cost $304,480,271)

281,327,153

NET OTHER ASSETS - 1.4%

4,098,186

NET ASSETS - 100%

$ 285,425,339

Security Abbreviations

ETF - Exchange Traded Fund

FLIRB - Front Loaded Interest
Reduction Bonds

Currency Abbreviations

EGP

-

Egyptian pound

EUR

-

European Monetary Unit

RUB

-

Russian ruble

Legend

(a) 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.

(b) Non-income producing - Issuer is in default.

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

(d) Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate 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 $39,567,290 or 13.9% of net assets.

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

(g) Quantity represents share amount.

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

$ 489,705

Other Information

The following is a summary of the inputs used, as of September 30, 2008, involving the Fund's assets carried at 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 tables below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:

Description

Total

Level 1

Level 2

Level 3

Investments in Securities

$ 281,327,153

$ 22,494,109

$ 258,036,491

$ 796,553

The following is a reconciliation of assets for which Level 3 inputs were used in determining value:

 

Investments in Securities

Beginning Balance

$ 1,758,965

Total Realized Gain (Loss)

(83,724)

Total Unrealized Gain (Loss)

253,112

Cost of Purchases

-

Proceeds of Sales

(436,000)

Amortization/Accretion

-

Transfer in/out of Level 3

(695,800)

Ending Balance

$ 796,553

The information used in the above reconciliation represents fiscal year to date activity for any Investment Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Transfers in or out of Level 3 represents either the beginning value (for transfers in), or the ending value (for transfers out) of any Security where a change in the pricing level occurred from the beginning to the end of the period.

Income Tax Information

At September 30, 2008, the aggregate cost of investment securities for income tax purposes was $304,766,346. Net unrealized depreciation aggregated $23,439,193, of which $5,741,193 related to appreciated investment securities and $29,180,386 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. Wherever possible, the Fund uses independent pricing services approved by the Board of Trustees to value its investments.

Debt securities, including restricted securities, are valued by independent pricing services or by dealers who make markets in such securities. Pricing services consider yield or price of bonds of comparable quality, coupon, maturity and type as well as available dealer supplied prices. 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 an independent pricing service on the primary market or exchange on which they are traded. 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. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day. Short-term securities with remaining maturities of sixty days or less for which quotations are not readily available are valued at amortized cost, which approximates value. Actual prices received at disposition may differ.

When current market prices or quotations are not readily available or reliable, valuations may be determined in good faith in accordance with procedures adopted by the Board of Trustees. The frequency with which these procedures are used cannot be predicted and may be utilized to a significant extent. The value of securities used for net asset value calculation under these procedures may differ from published prices for the same securities.

The Fund adopted the provisions of Statement of Financial Accounting Standards No. 157, Fair Value Measurements (SFAS 157), effective with the beginning of the Fund's fiscal year. SFAS 157 establishes a hierarchy that prioritizes the inputs to valuation techniques giving the highest priority to readily available unadjusted quoted prices in active markets for identical assets (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements) when market prices are not readily available or reliable. The three levels of the hierarchy under SFAS 157 are described below:

Level 1 - Quoted prices in active markets for identical securities.

Level 2 - Prices determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others.

Level 3 - Prices determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable or deemed less relevant (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect the Fund's own assumptions about the factors market participants would use in pricing an investment, and would be based on the best information available.

Changes in valuation techniques may result in transfers in or out of an investment's assigned level within 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

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:

December 1, 2008

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:

December 1, 2008

By:

/s/Christine Reynolds

 

Christine Reynolds

 

Chief Financial Officer

 

 

Date:

December 1, 2008