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 811-4008

Fidelity Investment Trust
(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:	October 31

Date of reporting period:	January 31, 2009

Item 1. Schedule of Investments

Quarterly Holdings Report

for

Fidelity® Canada Fund

January 31, 2009

1.813011.104

CAN-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 92.8%
	Shares		Value
CONSUMER DISCRETIONARY - 3.4%
Diversified Consumer Services - 0.8%
Apollo Group, Inc. Class A (non-vtg.) (a)	100,000		$ 8,146,000
DeVry, Inc.	100,000		5,358,000
ITT Educational Services, Inc. (a)	50,000		6,125,500
			19,629,500
Hotels, Restaurants & Leisure - 1.0%
McDonald's Corp.	220,000		12,764,400
Tim Hortons, Inc.	500,000		12,285,000
			25,049,400
Media - 1.5%
Astral Media, Inc. Class A (non-vtg.)	290,000		6,169,760
Corus Entertainment, Inc. Class B (non-vtg.) (d)	400,000		4,268,059
Quebecor, Inc. Class B (sub. vtg.)	150,000		2,006,771
Shaw Communications, Inc. Class B	500,000		8,112,738
Thomson Reuters Corp.	400,000		9,789,126
Yellow Pages Income Fund (d)	900,000		4,698,780
			35,045,234
Multiline Retail - 0.1%
Canadian Tire Corp. Ltd. Class A (non-vtg.)	40,000		1,334,584
TOTAL CONSUMER DISCRETIONARY			81,058,718
CONSUMER STAPLES - 4.0%
Food & Staples Retailing - 3.8%
George Weston Ltd.	130,000		6,928,172
Loblaw Companies Ltd.	500,000		14,161,602
Metro, Inc. Class A (sub. vtg.)	940,000		30,059,143
Shoppers Drug Mart Corp.	1,100,000		40,712,159
			91,861,076
Food Products - 0.2%
Viterra, Inc. (a)	509,300		3,843,068
TOTAL CONSUMER STAPLES			95,704,144
ENERGY - 25.3%
Oil, Gas & Consumable Fuels - 25.3%
Apache Corp.	175,000		13,125,000
ARC Energy Trust unit	300,000		4,035,567
Cameco Corp.	1,250,000		20,740,711
Canadian Natural Resources Ltd.	1,300,000		46,544,846
Devon Energy Corp.	180,000		11,088,000
Enbridge, Inc.	1,208,900		39,683,596
EnCana Corp.	2,800,000		124,644,938
Enerplus Resources Fund Series G	400,000		8,301,179
Exxon Mobil Corp.	100,000		7,648,000
Hess Corp.	200,000		11,122,000
Husky Energy, Inc.	700,000		17,382,225
Imperial Oil Ltd.	900,000		28,596,484
Keyera Facilities Income Fund	1,650,000		23,541,624

	Shares		Value
Nexen, Inc.	1,650,000		$ 24,039,646
Niko Resources Ltd.	140,000		5,760,574
Petro-Canada	1,550,000		33,621,161
Petrobank Energy & Resources Ltd. (a)	250,000		3,956,438
Suncor Energy, Inc.	2,450,000		46,987,397
Talisman Energy, Inc.	3,900,000		36,936,819
TransCanada Corp.	3,500,000		94,163,234
Valero Energy Corp.	300,000		7,236,000
			609,155,439
FINANCIALS - 22.3%
Capital Markets - 0.2%
IGM Financial, Inc.	200,000		5,302,443
Commercial Banks - 13.3%
Bank of Montreal	1,009,300		27,376,290
Bank of Nova Scotia	2,000,000		48,407,228
Canadian Imperial Bank of Commerce	1,184,600		45,060,895
Royal Bank of Canada	3,840,000		95,259,942
Toronto-Dominion Bank (d)	3,200,000		103,895,256
			319,999,611
Diversified Financial Services - 0.3%
Onex Corp. (sub. vtg.)	250,000		3,464,943
TMX Group, Inc. (d)	145,000		3,793,409
			7,258,352
Insurance - 6.8%
Fairfax Financial Holdings Ltd.	100,000		32,540,686
Manulife Financial Corp.	4,800,000		79,722,641
Power Corp. of Canada (sub. vtg.)	1,300,000		22,429,335
Sun Life Financial, Inc.	1,400,000		28,505,935
			163,198,597
Real Estate Investment Trusts - 0.2%
RioCan (REIT)	350,000		4,151,405
Real Estate Management & Development - 1.5%
Brookfield Asset Management, Inc. Class A (d)	2,350,000		36,902,965
TOTAL FINANCIALS			536,813,373
HEALTH CARE - 0.9%
Health Care Equipment & Supplies - 0.3%
Baxter International, Inc.	100,000		5,865,000
Pharmaceuticals - 0.6%
Abbott Laboratories	200,000		11,088,000
Pfizer, Inc.	300,000		4,374,000
			15,462,000
TOTAL HEALTH CARE			21,327,000
INDUSTRIALS - 4.8%
Aerospace & Defense - 0.4%
Bombardier, Inc. Class B (sub. vtg.)	3,100,000		9,609,659
Airlines - 0.0%
WestJet Airlines Ltd. (a)	100,000		1,044,989
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Construction & Engineering - 0.5%
SNC-Lavalin Group, Inc.	415,000		$ 11,713,505
Road & Rail - 3.9%
Canadian National Railway Co.	2,170,000		76,065,506
Canadian Pacific Railway Ltd.	550,000		16,699,433
			92,764,939
TOTAL INDUSTRIALS			115,133,092
INFORMATION TECHNOLOGY - 5.8%
Communications Equipment - 4.3%
Research In Motion Ltd. (a)	1,870,000		103,598,000
Computers & Peripherals - 0.3%
Hewlett-Packard Co.	200,000		6,950,000
Internet Software & Services - 0.5%
Open Text Corp. (a)	350,000		12,371,416
IT Services - 0.7%
CGI Group, Inc. Class A (sub. vtg.) (a)	2,190,000		17,740,099
TOTAL INFORMATION TECHNOLOGY			140,659,515
MATERIALS - 17.8%
Chemicals - 3.9%
Agrium, Inc.	460,000		15,415,263
Potash Corp. of Saskatchewan, Inc.	1,030,000		77,105,808
			92,521,071
Metals & Mining - 13.9%
Agnico-Eagle Mines Ltd.	524,700		28,035,934
Barrick Gold Corp.	3,200,000		120,445,405
First Quantum Minerals Ltd.	100,000		1,779,174
Goldcorp, Inc.	3,150,000		93,329,527
Kinross Gold Corp.	2,650,000		46,975,160
Newmont Mining Corp.	550,000		21,879,000
Yamana Gold, Inc.	2,700,000		21,893,380
			334,337,580
TOTAL MATERIALS			426,858,651
TELECOMMUNICATION SERVICES - 6.9%
Diversified Telecommunication Services - 3.7%
BCE, Inc.	2,750,000		56,330,301
TELUS Corp. (a)	1,150,000		32,609,210
			88,939,511

	Shares		Value
Wireless Telecommunication Services - 3.2%
Rogers Communications, Inc. Class B (non-vtg.)	2,700,000		$ 76,164,294
TOTAL TELECOMMUNICATION SERVICES			165,103,805
UTILITIES - 1.6%
Electric Utilities - 1.3%
Fortis, Inc.	850,000		16,891,137
Southern Co.	430,000		14,383,500
			31,274,637
Multi-Utilities - 0.3%
Canadian Utilities Ltd. Class A (non-vtg.)	175,000		5,676,062
CMS Energy Corp.	150,000		1,762,500
			7,438,562
TOTAL UTILITIES			38,713,199
TOTAL COMMON STOCKS (Cost $2,480,147,282)		2,230,526,936
Money Market Funds - 8.3%

Fidelity Cash Central Fund, 0.78% (b)	158,683,718		158,683,718
Fidelity Securities Lending Cash Central Fund, 0.71% (b)(c)	41,405,827		41,405,827
TOTAL MONEY MARKET FUNDS (Cost $200,089,545)		200,089,545

TOTAL INVESTMENT PORTFOLIO - 101.1%

(Cost $2,680,236,827)

2,430,616,481

NET OTHER ASSETS - (1.1)%			(26,603,215)
NET ASSETS - 100%		$ 2,404,013,266

Legend

(a) Non-income producing

(b) Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request.

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

Affiliated Central Funds

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

Fund	Income earned
Fidelity Cash Central Fund	$ 308,693
Fidelity Securities Lending Cash Central Fund	891,306
Total	$ 1,199,999

Other Information

The following is a summary of the inputs used, as of January 31, 2009, 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 table 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	$ 2,430,616,481	$ 2,430,616,481	$ -	$ -

Income Tax Information

At January 31, 2009, the aggregate cost of investment securities for income tax purposes was $2,773,606,693. Net unrealized depreciation aggregated $342,990,212, of which $263,000,924 related to appreciated investment securities and $605,991,136 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.

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 see the fund's most recent prospectus and annual report.

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Advisor Canada Fund

January 31, 2009

Class A, Class T, Class B, Class C and
Institutional Class
are classes of Fidelity®
Canada Fund

1.855814.101

ACAN-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 92.8%
	Shares		Value
CONSUMER DISCRETIONARY - 3.4%
Diversified Consumer Services - 0.8%
Apollo Group, Inc. Class A (non-vtg.) (a)	100,000		$ 8,146,000
DeVry, Inc.	100,000		5,358,000
ITT Educational Services, Inc. (a)	50,000		6,125,500
			19,629,500
Hotels, Restaurants & Leisure - 1.0%
McDonald's Corp.	220,000		12,764,400
Tim Hortons, Inc.	500,000		12,285,000
			25,049,400
Media - 1.5%
Astral Media, Inc. Class A (non-vtg.)	290,000		6,169,760
Corus Entertainment, Inc. Class B (non-vtg.) (d)	400,000		4,268,059
Quebecor, Inc. Class B (sub. vtg.)	150,000		2,006,771
Shaw Communications, Inc. Class B	500,000		8,112,738
Thomson Reuters Corp.	400,000		9,789,126
Yellow Pages Income Fund (d)	900,000		4,698,780
			35,045,234
Multiline Retail - 0.1%
Canadian Tire Corp. Ltd. Class A (non-vtg.)	40,000		1,334,584
TOTAL CONSUMER DISCRETIONARY			81,058,718
CONSUMER STAPLES - 4.0%
Food & Staples Retailing - 3.8%
George Weston Ltd.	130,000		6,928,172
Loblaw Companies Ltd.	500,000		14,161,602
Metro, Inc. Class A (sub. vtg.)	940,000		30,059,143
Shoppers Drug Mart Corp.	1,100,000		40,712,159
			91,861,076
Food Products - 0.2%
Viterra, Inc. (a)	509,300		3,843,068
TOTAL CONSUMER STAPLES			95,704,144
ENERGY - 25.3%
Oil, Gas & Consumable Fuels - 25.3%
Apache Corp.	175,000		13,125,000
ARC Energy Trust unit	300,000		4,035,567
Cameco Corp.	1,250,000		20,740,711
Canadian Natural Resources Ltd.	1,300,000		46,544,846
Devon Energy Corp.	180,000		11,088,000
Enbridge, Inc.	1,208,900		39,683,596
EnCana Corp.	2,800,000		124,644,938
Enerplus Resources Fund Series G	400,000		8,301,179
Exxon Mobil Corp.	100,000		7,648,000
Hess Corp.	200,000		11,122,000
Husky Energy, Inc.	700,000		17,382,225
Imperial Oil Ltd.	900,000		28,596,484
Keyera Facilities Income Fund	1,650,000		23,541,624

	Shares		Value
Nexen, Inc.	1,650,000		$ 24,039,646
Niko Resources Ltd.	140,000		5,760,574
Petro-Canada	1,550,000		33,621,161
Petrobank Energy & Resources Ltd. (a)	250,000		3,956,438
Suncor Energy, Inc.	2,450,000		46,987,397
Talisman Energy, Inc.	3,900,000		36,936,819
TransCanada Corp.	3,500,000		94,163,234
Valero Energy Corp.	300,000		7,236,000
			609,155,439
FINANCIALS - 22.3%
Capital Markets - 0.2%
IGM Financial, Inc.	200,000		5,302,443
Commercial Banks - 13.3%
Bank of Montreal	1,009,300		27,376,290
Bank of Nova Scotia	2,000,000		48,407,228
Canadian Imperial Bank of Commerce	1,184,600		45,060,895
Royal Bank of Canada	3,840,000		95,259,942
Toronto-Dominion Bank (d)	3,200,000		103,895,256
			319,999,611
Diversified Financial Services - 0.3%
Onex Corp. (sub. vtg.)	250,000		3,464,943
TMX Group, Inc. (d)	145,000		3,793,409
			7,258,352
Insurance - 6.8%
Fairfax Financial Holdings Ltd.	100,000		32,540,686
Manulife Financial Corp.	4,800,000		79,722,641
Power Corp. of Canada (sub. vtg.)	1,300,000		22,429,335
Sun Life Financial, Inc.	1,400,000		28,505,935
			163,198,597
Real Estate Investment Trusts - 0.2%
RioCan (REIT)	350,000		4,151,405
Real Estate Management & Development - 1.5%
Brookfield Asset Management, Inc. Class A (d)	2,350,000		36,902,965
TOTAL FINANCIALS			536,813,373
HEALTH CARE - 0.9%
Health Care Equipment & Supplies - 0.3%
Baxter International, Inc.	100,000		5,865,000
Pharmaceuticals - 0.6%
Abbott Laboratories	200,000		11,088,000
Pfizer, Inc.	300,000		4,374,000
			15,462,000
TOTAL HEALTH CARE			21,327,000
INDUSTRIALS - 4.8%
Aerospace & Defense - 0.4%
Bombardier, Inc. Class B (sub. vtg.)	3,100,000		9,609,659
Airlines - 0.0%
WestJet Airlines Ltd. (a)	100,000		1,044,989
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Construction & Engineering - 0.5%
SNC-Lavalin Group, Inc.	415,000		$ 11,713,505
Road & Rail - 3.9%
Canadian National Railway Co.	2,170,000		76,065,506
Canadian Pacific Railway Ltd.	550,000		16,699,433
			92,764,939
TOTAL INDUSTRIALS			115,133,092
INFORMATION TECHNOLOGY - 5.8%
Communications Equipment - 4.3%
Research In Motion Ltd. (a)	1,870,000		103,598,000
Computers & Peripherals - 0.3%
Hewlett-Packard Co.	200,000		6,950,000
Internet Software & Services - 0.5%
Open Text Corp. (a)	350,000		12,371,416
IT Services - 0.7%
CGI Group, Inc. Class A (sub. vtg.) (a)	2,190,000		17,740,099
TOTAL INFORMATION TECHNOLOGY			140,659,515
MATERIALS - 17.8%
Chemicals - 3.9%
Agrium, Inc.	460,000		15,415,263
Potash Corp. of Saskatchewan, Inc.	1,030,000		77,105,808
			92,521,071
Metals & Mining - 13.9%
Agnico-Eagle Mines Ltd.	524,700		28,035,934
Barrick Gold Corp.	3,200,000		120,445,405
First Quantum Minerals Ltd.	100,000		1,779,174
Goldcorp, Inc.	3,150,000		93,329,527
Kinross Gold Corp.	2,650,000		46,975,160
Newmont Mining Corp.	550,000		21,879,000
Yamana Gold, Inc.	2,700,000		21,893,380
			334,337,580
TOTAL MATERIALS			426,858,651
TELECOMMUNICATION SERVICES - 6.9%
Diversified Telecommunication Services - 3.7%
BCE, Inc.	2,750,000		56,330,301
TELUS Corp. (a)	1,150,000		32,609,210
			88,939,511

	Shares		Value
Wireless Telecommunication Services - 3.2%
Rogers Communications, Inc. Class B (non-vtg.)	2,700,000		$ 76,164,294
TOTAL TELECOMMUNICATION SERVICES			165,103,805
UTILITIES - 1.6%
Electric Utilities - 1.3%
Fortis, Inc.	850,000		16,891,137
Southern Co.	430,000		14,383,500
			31,274,637
Multi-Utilities - 0.3%
Canadian Utilities Ltd. Class A (non-vtg.)	175,000		5,676,062
CMS Energy Corp.	150,000		1,762,500
			7,438,562
TOTAL UTILITIES			38,713,199
TOTAL COMMON STOCKS (Cost $2,480,147,282)		2,230,526,936
Money Market Funds - 8.3%

Fidelity Cash Central Fund, 0.78% (b)	158,683,718		158,683,718
Fidelity Securities Lending Cash Central Fund, 0.71% (b)(c)	41,405,827		41,405,827
TOTAL MONEY MARKET FUNDS (Cost $200,089,545)		200,089,545

TOTAL INVESTMENT PORTFOLIO - 101.1%

(Cost $2,680,236,827)

2,430,616,481

NET OTHER ASSETS - (1.1)%			(26,603,215)
NET ASSETS - 100%		$ 2,404,013,266

Legend

(a) Non-income producing

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

Affiliated Central Funds

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

Fund	Income earned
Fidelity Cash Central Fund	$ 308,693
Fidelity Securities Lending Cash Central Fund	891,306
Total	$ 1,199,999

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities	$ 2,430,616,481	$ 2,430,616,481	$ -	$ -

Income Tax Information

Investment Valuation

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

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

Quarterly Report

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® China Region Fund

January 31, 2009

1.813032.104

HKC-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 92.3%
	Shares		Value
CONSUMER DISCRETIONARY - 1.1%
Distributors - 0.4%
Li & Fung Ltd.	1,336,000		$ 2,657,692
Media - 0.3%
Television Broadcasts Ltd.	624,000		2,208,617
Specialty Retail - 0.4%
Esprit Holdings Ltd.	590,900		3,136,567
TOTAL CONSUMER DISCRETIONARY			8,002,876
CONSUMER STAPLES - 2.9%
Beverages - 1.5%
Yantai Changyu Pioneer Wine Co. (B Shares)	2,881,263		10,872,533
Food & Staples Retailing - 0.5%
Dairy Farm International Holdings Ltd.	736,200		3,186,365
Food Products - 0.9%
China Huiyuan Juice Group Ltd.	2,912,000		3,790,412
Tingyi (Cayman Island) Holding Corp.	2,498,000		2,885,042
Want Want China Holdings Ltd.	164,000		65,565
			6,741,019
TOTAL CONSUMER STAPLES			20,799,917
ENERGY - 9.0%
Energy Equipment & Services - 0.4%
China Oilfield Services Ltd. (H Shares)	3,684,000		2,892,719
Oil, Gas & Consumable Fuels - 8.6%
China Petroleum & Chemical Corp. (H Shares)	20,808,000		11,217,482
CNOOC Ltd.	29,612,000		25,485,601
PetroChina Co. Ltd. (H Shares)	33,730,000		24,898,887
			61,601,970
TOTAL ENERGY			64,494,689
FINANCIALS - 35.1%
Commercial Banks - 9.1%
Bank of China (H Shares)	22,429,000		5,878,321
Bank of East Asia Ltd.	1,830,200		3,629,163
China Construction Bank Corp. (H Shares)	33,618,000		16,396,527
Hang Seng Bank Ltd.	936,200		11,272,242
Industrial & Commercial Bank of China (d)	65,415,000		27,657,514
Wing Hang Bank Ltd.	39,500		190,940
			65,024,707
Diversified Financial Services - 4.1%
China Everbright Ltd.	902,000		984,233
Fubon Financial Holding Co. Ltd.	2,619,000		1,563,275
Hong Kong Exchanges & Clearing Ltd.	3,144,200		27,006,558
			29,554,066

	Shares		Value
Insurance - 6.3%
Cathay Financial Holding Co. Ltd.	9,044,100		$ 8,740,505
China Life Insurance Co. Ltd. (H Shares)	10,458,000		27,525,520
PICC Property & Casualty Co. Ltd. (H Shares) (a)	3,358,000		1,513,752
Ping An Insurance (Group) Co. of China, Ltd. (H Shares)	1,578,500		6,837,335
			44,617,112
Real Estate Investment Trusts - 2.6%
Link (REIT)	9,889,500		18,499,745
Real Estate Management & Development - 13.0%
Cheung Kong Holdings Ltd.	3,367,000		31,066,512
China Overseas Land & Investment Ltd.	15,733,920		20,576,952
China Resources Land Ltd.	2,308,000		2,665,783
Hang Lung Properties Ltd.	5,244,000		11,788,894
Hopewell Holdings Ltd.	1,316,000		4,312,917
Hysan Development Co. Ltd.	729,000		1,182,445
Kerry Properties Ltd.	2,366,000		5,538,030
New World China Land Ltd.	1,529,600		381,231
Sun Hung Kai Properties Ltd.	1,737,000		15,388,930
			92,901,694
TOTAL FINANCIALS			250,597,324
INDUSTRIALS - 5.6%
Construction & Engineering - 1.3%
China Communications Construction Co. Ltd. (H Shares)	5,824,000		5,637,332
China Railway Construction Corp. (H Shares)	2,904,000		3,969,651
			9,606,983
Industrial Conglomerates - 3.9%
Beijing Enterprises Holdings Ltd.	137,000		537,850
Hutchison Whampoa Ltd.	5,313,000		27,034,438
			27,572,288
Marine - 0.4%
China Cosco Holdings Co. Ltd. (H Shares)	3,174,500		1,897,766
Shun Tak Holdings Ltd.	2,322,000		842,659
			2,740,425
TOTAL INDUSTRIALS			39,919,696
INFORMATION TECHNOLOGY - 17.9%
Computers & Peripherals - 3.1%
Acer, Inc.	6,161,000		7,614,319
HTC Corp.	1,140,000		10,765,168
Quanta Computer, Inc.	2,903,000		2,739,454
Wistron Corp.	1,518,361		1,054,196
			22,173,137
Electronic Equipment & Components - 3.9%
BYD Co. Ltd. (H Shares)	596,800		1,112,302
Delta Electronics, Inc.	3,480,000		5,433,450
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Electronic Equipment & Components - continued
Hon Hai Precision Industry Co. Ltd. (Foxconn)	12,014,674		$ 21,055,361
Kingboard Chemical Holdings Ltd.	304,500		490,202
			28,091,315
Internet Software & Services - 1.7%
Tencent Holdings Ltd.	1,950,200		11,916,358
Semiconductors & Semiconductor Equipment - 9.2%
ASM Pacific Technology Ltd.	421,000		1,282,378
MediaTek, Inc.	607,000		4,348,977
Taiwan Semiconductor Manufacturing Co. Ltd.	48,944,443		59,840,505
			65,471,860
TOTAL INFORMATION TECHNOLOGY			127,652,670
MATERIALS - 2.4%
Chemicals - 0.9%
Formosa Plastics Corp.	4,299,000		6,081,363
Metals & Mining - 1.5%
Angang Steel Co. Ltd. (H Shares)	10,488,000		10,161,995
Maanshan Iron & Steel Co. Ltd. (H Shares)	2,126,000		691,924
			10,853,919
TOTAL MATERIALS			16,935,282
TELECOMMUNICATION SERVICES - 13.7%
Diversified Telecommunication Services - 3.8%
China Telecom Corp. Ltd. (H Shares)	15,396,000		5,586,042
China Unicom Hong Kong Ltd.	1,000		923
Chunghwa Telecom Co. Ltd.	12,739,680		19,185,042
PCCW Ltd.	4,593,000		2,364,559
			27,136,566
Wireless Telecommunication Services - 9.9%
China Mobile (Hong Kong) Ltd.	7,826,000		70,448,790
TOTAL TELECOMMUNICATION SERVICES			97,585,356
UTILITIES - 4.6%
Electric Utilities - 2.3%
CLP Holdings Ltd.	2,497,500		16,904,837

	Shares		Value
Independent Power Producers & Energy Traders - 2.3%
China Resources Power Holdings Co. Ltd.	3,132,000		$ 5,745,490
Huaneng Power International, Inc. (H Shares)	14,680,000		10,522,798
			16,268,288
TOTAL UTILITIES			33,173,125
TOTAL COMMON STOCKS (Cost $877,984,892)		659,160,935

Government Obligations - 0.8%
	Principal Amount
U.S. Treasury Bills, yield at date of purchase 0.01% to 0.1% 3/12/09 to 3/19/09 (e) (Cost $5,599,640)	$ 5,600,000	5,598,914

Money Market Funds - 8.4%
	Shares
Fidelity Cash Central Fund, 0.78% (b)	50,904,319		50,904,319
Fidelity Securities Lending Cash Central Fund, 0.71% (b)(c)	9,490,208		9,490,208
TOTAL MONEY MARKET FUNDS (Cost $60,394,527)		60,394,527

TOTAL INVESTMENT PORTFOLIO - 101.5%

(Cost $943,979,059)

725,154,376

NET OTHER ASSETS - (1.5)%		(10,685,964)
NET ASSETS - 100%		$ 714,468,412

Futures Contracts
	Expiration Date		Underlying Face Amount at Value		Unrealized Appreciation/(Depreciation)
Purchased
Equity Index Contracts
2,119 MSCI Taiwan Stock Index Contracts (Singapore)	Feb. 2009	$ 33,416,630		$ (1,028,854)

The face value of futures purchased as a percentage of net assets - 4.7%

Legend

(a) Non-income producing

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

(e) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At the period end, the value of securities pledged amounted to $5,598,914.

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	$ 120,301
Fidelity Securities Lending Cash Central Fund	58,794
Total	$ 179,095

Other Information

The following is a summary of the inputs used, as of January 31, 2009, 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	$ 725,154,376	$ 60,394,527	$ 664,759,849	$ -
Other Financial Instruments*	$ (1,028,854)	$ (1,028,854)	$ -	$ -

* Other financial instruments include Futures Contracts.

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

	Investments in Securities
Beginning Balance	$ 3,377,416
Total Realized Gain (Loss)	(2,227,726)
Total Unrealized Gain (Loss)	2,841,127
Cost of Purchases	629,714
Proceeds of Sales	(2,255,972)
Amortization/Accretion	-
Transfer in/out of Level 3	(2,364,559)
Ending Balance	$ -

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 or Instrument where a change in the pricing level occurred from the beginning to the end of the period.

Income Tax Information

At January 31, 2009, the aggregate cost of investment securities for income tax purposes was $955,626,557. Net unrealized depreciation aggregated $230,472,181, of which $27,166,896 related to appreciated investment securities and $257,639,077 related to depreciated investment securities.

Investment Valuation

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. Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded. 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.

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Advisor China Region Fund:
Class A
Class T
Class B
Class C
Institutional Class

January 31, 2009

Class A, Class T, Class B, Class C and
Institutional Class
are classes of Fidelity®
China Region Fund

1.861467.100

AHKC-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 92.3%
	Shares		Value
CONSUMER DISCRETIONARY - 1.1%
Distributors - 0.4%
Li & Fung Ltd.	1,336,000		$ 2,657,692
Media - 0.3%
Television Broadcasts Ltd.	624,000		2,208,617
Specialty Retail - 0.4%
Esprit Holdings Ltd.	590,900		3,136,567
TOTAL CONSUMER DISCRETIONARY			8,002,876
CONSUMER STAPLES - 2.9%
Beverages - 1.5%
Yantai Changyu Pioneer Wine Co. (B Shares)	2,881,263		10,872,533
Food & Staples Retailing - 0.5%
Dairy Farm International Holdings Ltd.	736,200		3,186,365
Food Products - 0.9%
China Huiyuan Juice Group Ltd.	2,912,000		3,790,412
Tingyi (Cayman Island) Holding Corp.	2,498,000		2,885,042
Want Want China Holdings Ltd.	164,000		65,565
			6,741,019
TOTAL CONSUMER STAPLES			20,799,917
ENERGY - 9.0%
Energy Equipment & Services - 0.4%
China Oilfield Services Ltd. (H Shares)	3,684,000		2,892,719
Oil, Gas & Consumable Fuels - 8.6%
China Petroleum & Chemical Corp. (H Shares)	20,808,000		11,217,482
CNOOC Ltd.	29,612,000		25,485,601
PetroChina Co. Ltd. (H Shares)	33,730,000		24,898,887
			61,601,970
TOTAL ENERGY			64,494,689
FINANCIALS - 35.1%
Commercial Banks - 9.1%
Bank of China (H Shares)	22,429,000		5,878,321
Bank of East Asia Ltd.	1,830,200		3,629,163
China Construction Bank Corp. (H Shares)	33,618,000		16,396,527
Hang Seng Bank Ltd.	936,200		11,272,242
Industrial & Commercial Bank of China (d)	65,415,000		27,657,514
Wing Hang Bank Ltd.	39,500		190,940
			65,024,707
Diversified Financial Services - 4.1%
China Everbright Ltd.	902,000		984,233
Fubon Financial Holding Co. Ltd.	2,619,000		1,563,275
Hong Kong Exchanges & Clearing Ltd.	3,144,200		27,006,558
			29,554,066

	Shares		Value
Insurance - 6.3%
Cathay Financial Holding Co. Ltd.	9,044,100		$ 8,740,505
China Life Insurance Co. Ltd. (H Shares)	10,458,000		27,525,520
PICC Property & Casualty Co. Ltd. (H Shares) (a)	3,358,000		1,513,752
Ping An Insurance (Group) Co. of China, Ltd. (H Shares)	1,578,500		6,837,335
			44,617,112
Real Estate Investment Trusts - 2.6%
Link (REIT)	9,889,500		18,499,745
Real Estate Management & Development - 13.0%
Cheung Kong Holdings Ltd.	3,367,000		31,066,512
China Overseas Land & Investment Ltd.	15,733,920		20,576,952
China Resources Land Ltd.	2,308,000		2,665,783
Hang Lung Properties Ltd.	5,244,000		11,788,894
Hopewell Holdings Ltd.	1,316,000		4,312,917
Hysan Development Co. Ltd.	729,000		1,182,445
Kerry Properties Ltd.	2,366,000		5,538,030
New World China Land Ltd.	1,529,600		381,231
Sun Hung Kai Properties Ltd.	1,737,000		15,388,930
			92,901,694
TOTAL FINANCIALS			250,597,324
INDUSTRIALS - 5.6%
Construction & Engineering - 1.3%
China Communications Construction Co. Ltd. (H Shares)	5,824,000		5,637,332
China Railway Construction Corp. (H Shares)	2,904,000		3,969,651
			9,606,983
Industrial Conglomerates - 3.9%
Beijing Enterprises Holdings Ltd.	137,000		537,850
Hutchison Whampoa Ltd.	5,313,000		27,034,438
			27,572,288
Marine - 0.4%
China Cosco Holdings Co. Ltd. (H Shares)	3,174,500		1,897,766
Shun Tak Holdings Ltd.	2,322,000		842,659
			2,740,425
TOTAL INDUSTRIALS			39,919,696
INFORMATION TECHNOLOGY - 17.9%
Computers & Peripherals - 3.1%
Acer, Inc.	6,161,000		7,614,319
HTC Corp.	1,140,000		10,765,168
Quanta Computer, Inc.	2,903,000		2,739,454
Wistron Corp.	1,518,361		1,054,196
			22,173,137
Electronic Equipment & Components - 3.9%
BYD Co. Ltd. (H Shares)	596,800		1,112,302
Delta Electronics, Inc.	3,480,000		5,433,450
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Electronic Equipment & Components - continued
Hon Hai Precision Industry Co. Ltd. (Foxconn)	12,014,674		$ 21,055,361
Kingboard Chemical Holdings Ltd.	304,500		490,202
			28,091,315
Internet Software & Services - 1.7%
Tencent Holdings Ltd.	1,950,200		11,916,358
Semiconductors & Semiconductor Equipment - 9.2%
ASM Pacific Technology Ltd.	421,000		1,282,378
MediaTek, Inc.	607,000		4,348,977
Taiwan Semiconductor Manufacturing Co. Ltd.	48,944,443		59,840,505
			65,471,860
TOTAL INFORMATION TECHNOLOGY			127,652,670
MATERIALS - 2.4%
Chemicals - 0.9%
Formosa Plastics Corp.	4,299,000		6,081,363
Metals & Mining - 1.5%
Angang Steel Co. Ltd. (H Shares)	10,488,000		10,161,995
Maanshan Iron & Steel Co. Ltd. (H Shares)	2,126,000		691,924
			10,853,919
TOTAL MATERIALS			16,935,282
TELECOMMUNICATION SERVICES - 13.7%
Diversified Telecommunication Services - 3.8%
China Telecom Corp. Ltd. (H Shares)	15,396,000		5,586,042
China Unicom Hong Kong Ltd.	1,000		923
Chunghwa Telecom Co. Ltd.	12,739,680		19,185,042
PCCW Ltd.	4,593,000		2,364,559
			27,136,566
Wireless Telecommunication Services - 9.9%
China Mobile (Hong Kong) Ltd.	7,826,000		70,448,790
TOTAL TELECOMMUNICATION SERVICES			97,585,356
UTILITIES - 4.6%
Electric Utilities - 2.3%
CLP Holdings Ltd.	2,497,500		16,904,837

	Shares		Value
Independent Power Producers & Energy Traders - 2.3%
China Resources Power Holdings Co. Ltd.	3,132,000		$ 5,745,490
Huaneng Power International, Inc. (H Shares)	14,680,000		10,522,798
			16,268,288
TOTAL UTILITIES			33,173,125
TOTAL COMMON STOCKS (Cost $877,984,892)		659,160,935

Government Obligations - 0.8%
	Principal Amount
U.S. Treasury Bills, yield at date of purchase 0.01% to 0.1% 3/12/09 to 3/19/09 (e) (Cost $5,599,640)	$ 5,600,000	5,598,914

Money Market Funds - 8.4%
	Shares
Fidelity Cash Central Fund, 0.78% (b)	50,904,319		50,904,319
Fidelity Securities Lending Cash Central Fund, 0.71% (b)(c)	9,490,208		9,490,208
TOTAL MONEY MARKET FUNDS (Cost $60,394,527)		60,394,527

TOTAL INVESTMENT PORTFOLIO - 101.5%

(Cost $943,979,059)

725,154,376

NET OTHER ASSETS - (1.5)%		(10,685,964)
NET ASSETS - 100%		$ 714,468,412

Futures Contracts
	Expiration Date		Underlying Face Amount at Value		Unrealized Appreciation/(Depreciation)
Purchased
Equity Index Contracts
2,119 MSCI Taiwan Stock Index Contracts (Singapore)	Feb. 2009	$ 33,416,630		$ (1,028,854)

The face value of futures purchased as a percentage of net assets - 4.7%

Legend

(a) Non-income producing

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

(e) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At the period end, the value of securities pledged amounted to $5,598,914.

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	$ 120,301
Fidelity Securities Lending Cash Central Fund	58,794
Total	$ 179,095

Other Information

The following is a summary of the inputs used, as of January 31, 2009, 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	$ 725,154,376	$ 60,394,527	$ 664,759,849	$ -
Other Financial Instruments*	$ (1,028,854)	$ (1,028,854)	$ -	$ -

* Other financial instruments include Futures Contracts.

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

	Investments in Securities
Beginning Balance	$ 3,377,416
Total Realized Gain (Loss)	(2,227,726)
Total Unrealized Gain (Loss)	2,841,127
Cost of Purchases	629,714
Proceeds of Sales	(2,255,972)
Amortization/Accretion	-
Transfer in/out of Level 3	(2,364,559)
Ending Balance	$ -

Income Tax Information

Investment Valuation

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

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

Quarterly Report

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Diversified International Fund

January 31, 2009

1.813063.104

DIF-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 93.5%
	Shares		Value
Australia - 3.0%
AMP Ltd.	10,500,000		$ 34,627,848
BHP Billiton Ltd. sponsored ADR (d)	5,600,492		210,242,470
Brambles Ltd.	10,000,000		42,530,936
Cochlear Ltd.	800,000		29,711,705
Computershare Ltd.	3,000,000		13,584,007
CSL Ltd.	11,700,000		275,915,867
Newcrest Mining Ltd.	1,991,200		38,601,710
QBE Insurance Group Ltd.	9,000,000		135,353,072
TOTAL AUSTRALIA			780,567,615
Belgium - 1.2%
Anheuser-Busch InBev NV	11,763,700		299,865,805
Anheuser-Busch InBev NV (strip VVPR) (a)	5,339,200		27,343
TOTAL BELGIUM			299,893,148
Bermuda - 0.3%
Clear Media Ltd. (a)	22,325,000		4,255,132
Covidien Ltd.	1,950,000		74,763,000
TOTAL BERMUDA			79,018,132
Brazil - 1.0%
Banco do Brasil SA	2,000,000		12,198,276
Cosan SA Industria e Comercio (a)	3,174,893		14,232,279
Petroleo Brasileiro SA - Petrobras sponsored ADR	3,365,100		88,165,620
Uniao de Bancos Brasileiros SA (Unibanco) GDR	1,156,000		65,059,680
Vivo Participacoes SA sponsored ADR	5,000,000		70,900,000
TOTAL BRAZIL			250,555,855
Canada - 6.7%
Agnico-Eagle Mines Ltd.	896,500		47,902,068
Barrick Gold Corp.	1,286,600		48,426,581
Bombardier, Inc. Class B (sub. vtg.)	12,000,100		37,198,988
Canadian Natural Resources Ltd.	7,200,000		257,786,842
Canadian Pacific Railway Ltd.	2,900,000		88,051,556
EnCana Corp.	7,400,000		329,418,771
Flint Energy Services Ltd. (a)(e)	3,167,600		12,274,014
Niko Resources Ltd. (e)	4,450,000		183,103,969
OPTI Canada, Inc. (a)	2,900,000		3,785,129
OZ Optics Ltd. unit (f)	102,000		481,440
Petrobank Energy & Resources Ltd. (a)(e)	5,475,000		86,646,001
Research In Motion Ltd. (a)	2,900,000		160,660,000
Rogers Communications, Inc. Class B (non-vtg.)	2,250,000		63,470,245
Shoppers Drug Mart Corp.	950,000		35,160,501
Silver Wheaton Corp. (a)	4,408,000		28,838,895
SNC-Lavalin Group, Inc.	2,450,000		69,152,017
Suncor Energy, Inc.	8,099,500		155,336,497
Talisman Energy, Inc.	1,000,000		9,470,979
Trican Well Service Ltd. (e)	7,425,000		41,127,177
Ultra Petroleum Corp. (a)	1,000,000		35,830,000
Viterra, Inc. (a)	1,907,100		14,390,566

	Shares		Value
Westernzagros Resources Ltd. (a)	7,000,000		$ 3,997,226
Yamana Gold, Inc.	2,945,900		23,887,299
TOTAL CANADA			1,736,396,761
Cayman Islands - 0.0%
China Medical Technologies, Inc. sponsored ADR (d)	300,000		4,602,000
Chile - 0.0%
Enersis SA sponsored ADR	157,901		2,265,879
China - 0.2%
China Coal Energy Co. Ltd. (H Shares)	20,000,000		14,356,262
China Shenhua Energy Co. Ltd. (H Shares)	10,000,000		21,320,874
Focus Media Holding Ltd. ADR (a)(d)	2,300,000		16,974,000
Global Bio-Chem Technology Group Co. Ltd.	36,981,600		5,329,746
TOTAL CHINA			57,980,882
Czech Republic - 0.1%
Ceske Energeticke Zavody AS	800,000		27,681,216
Denmark - 0.6%
Carlsberg AS Series B	1,295,433		43,149,961
Genmab AS (a)	750,000		31,420,624
Novo Nordisk AS Series B	1,046,800		56,166,512
Novozymes AS Series B	400,000		32,038,735
TOTAL DENMARK			162,775,832
Finland - 0.4%
Nokia Corp. sponsored ADR	7,300,000		89,571,000
Nokian Tyres Ltd.	400,000		3,922,839
TOTAL FINLAND			93,493,839
France - 7.1%
Alstom SA	1,700,000		82,544,141
AXA SA sponsored ADR (d)	9,000,000		144,900,000
bioMerieux SA	300,000		23,414,126
BNP Paribas SA	2,614,676		100,460,566
Bouygues SA	2,600,000		89,078,153
Cap Gemini SA	7,000,000		242,424,804
CNP Assurances	400,000		26,699,376
Dassault Aviation SA (d)	36,265		18,107,731
Electricite de France	850,000		41,631,195
Essilor International SA	2,350,000		89,900,105
Financiere Marc de Lacharriere SA (Fimalac)	1,350,000		50,123,745
GDF Suez	2,853,623		109,860,550
Groupe Danone	599,550		30,896,055
Ipsen SA	500,000		19,620,597
L'Air Liquide SA	14,650		1,069,771
LVMH Moet Hennessy - Louis Vuitton	900,000		49,322,917
Neopost SA	600,000		48,445,272
Nexans SA	500,406		28,871,785
Pernod Ricard SA	3,300,000		208,038,507
Common Stocks - continued
	Shares		Value
France - continued
Pinault Printemps-Redoute SA (d)	2,300,000		$ 116,698,064
Renault SA	500,000		9,704,674
Sanofi-Aventis	500,000		28,119,451
Societe Generale Series A	2,726,500		115,019,815
Sodexo SA	25,000		1,271,178
Total SA Series B	1,592,300		79,345,301
Vallourec SA	8,000		787,487
VINCI SA	2,000,000		68,726,504
TOTAL FRANCE			1,825,081,870
Germany - 8.7%
adidas AG	3,042,100		105,665,941
Allianz AG sponsored ADR	16,000,000		133,280,000
BASF AG	1,100,000		31,997,258
Bayer AG	6,546,510		348,754,079
Bayerische Motoren Werke AG (BMW)	1,947,200		46,394,733
Deutsche Boerse AG	760,400		38,454,835
Deutsche Telekom AG (Reg.)	165,600		1,993,753
E.ON AG	14,556,540		470,391,270
Fresenius AG	2,770,133		136,544,149
Fresenius Medical Care AG	47,100		2,111,178
GEA Group AG	4,500,000		52,024,990
GFK AG	1,600,000		32,775,680
Linde AG	3,100,000		207,376,592
Metro AG	400,000		14,544,208
Muenchener Rueckversicherungs-Gesellschaft AG (Reg.)	1,500,000		199,150,664
RWE AG	2,023,000		157,656,154
Siemens AG sponsored ADR (d)	4,700,300		263,498,818
Symrise AG	500,000		4,673,095
TOTAL GERMANY			2,247,287,397
Hong Kong - 1.0%
China Mobile (Hong Kong) Ltd. sponsored ADR	2,950,000		132,661,500
Esprit Holdings Ltd.	10,000,000		53,081,178
Hong Kong Exchanges & Clearing Ltd.	1,000,000		8,589,326
Hutchison Whampoa Ltd.	7,500,000		38,162,674
Sun Hung Kai Properties Ltd.	3,000,000		26,578,463
TOTAL HONG KONG			259,073,141
India - 1.9%
Bharti Airtel Ltd. (a)	3,100,000		39,811,052
HDFC Bank Ltd.	400,000		7,437,195
Infosys Technologies Ltd.	5,800,000		152,438,335
Infosys Technologies Ltd. sponsored ADR	1,750,000		46,480,000
Reliance Industries Ltd.	4,500,000		120,106,596
Satyam Computer Services Ltd.	20,000,000		21,506,724

	Shares		Value
State Bank of India	4,000,000		$ 93,700,027
Union Bank of India	1,500,000		4,505,933
TOTAL INDIA			485,985,862
Indonesia - 0.4%
PT Bumi Resources Tbk	120,000,000		5,220,120
PT Indosat Tbk sponsored ADR	3,254,900		77,694,463
PT Perusahaan Gas Negara Tbk Series B	130,000,000		24,544,807
TOTAL INDONESIA			107,459,390
Ireland - 1.0%
CRH PLC	4,500,000		104,856,570
Ryanair Holdings PLC sponsored ADR (a)(d)	6,225,000		149,524,500
TOTAL IRELAND			254,381,070
Israel - 0.1%
Teva Pharmaceutical Industries Ltd. sponsored ADR	800,000		33,160,000
Italy - 1.7%
A2A SpA	10,000,000		17,412,080
ENI SpA	129,800		2,745,221
ENI SpA sponsored ADR	500,000		21,195,000
Fiat SpA	20,857,100		102,407,328
Finmeccanica SpA	102,000		1,602,347
Impregilo SpA (a)	8,000,000		20,423,346
Intesa Sanpaolo SpA	47,954,600		151,802,288
Prysmian SpA	2,000,000		25,349,940
UniCredit SpA	48,000,000		84,929,981
TOTAL ITALY			427,867,531
Japan - 10.9%
Asahi Glass Co. Ltd.	2,000,000		10,445,275
Canon, Inc. sponsored ADR (d)	8,000,000		215,680,000
Daiwa Securities Group, Inc.	7,000,000		38,657,527
East Japan Railway Co.	1,350,000		91,546,773
Fanuc Ltd.	1,700,000		100,752,887
Honda Motor Co. Ltd.	2,500,000		57,457,937
Hoya Corp.	999,500		17,824,190
Japan Tobacco, Inc.	61,556		176,995,579
JSR Corp.	4,000,000		48,634,537
Keyence Corp.	920,000		167,339,442
Konica Minolta Holdings, Inc.	5,250,000		40,886,515
Kubota Corp.	8,000,000		43,513,226
Mitsubishi Corp.	7,800,000		103,076,148
Mitsubishi Estate Co. Ltd.	3,500,000		45,899,485
Mitsubishi UFJ Financial Group, Inc.	52,500,000		291,250,616
Mitsui & Co. Ltd.	11,000,000		114,794,119
Mitsui Fudosan Co. Ltd.	2,500,000		32,243,213
NGK Insulators Ltd.	5,000,000		64,261,518
Nikon Corp.	4,300,000		44,759,544
Nintendo Co. Ltd.	310,000		90,271,996
Nippon Telegraph & Telephone Corp.	500,000		24,217,353
Common Stocks - continued
	Shares		Value
Japan - continued
Nomura Holdings, Inc.	13,000,000		$ 84,204,186
ORIX Corp.	1,984,000		86,619,969
Promise Co. Ltd.	1,000,000		18,354,374
Secom Co. Ltd.	10,400		436,731
Sony Financial Holdings, Inc.	38,379		126,500,767
Sumitomo Metal Industries Ltd.	10,000,000		20,010,176
Sumitomo Mitsui Financial Group, Inc.	4,065,000		161,110,329
Sumitomo Trust & Banking Co. Ltd.	6,000,000		29,422,304
THK Co. Ltd.	3,500,000		44,428,445
Tokai Carbon Co. Ltd.	6,000,000		21,599,550
Tokuyama Corp.	3,865,000		23,029,555
Toyota Motor Corp. sponsored ADR (d)	5,899,957		374,706,269
TOTAL JAPAN			2,810,930,535
Korea (South) - 1.2%
Amorepacific Corp.	139,531		62,058,209
LG Household & Health Care Ltd.	229,488		27,570,150
NHN Corp. (a)	1,200,000		118,709,585
Samsung Electronics Co. Ltd.	280,000		97,222,090
TOTAL KOREA (SOUTH)			305,560,034
Luxembourg - 0.4%
SES SA FDR (France) unit	5,916,322		108,847,965
Malaysia - 0.1%
DiGi.com Bhd	6,500,000		36,819,204
Mexico - 0.6%
America Movil SAB de CV Series L sponsored ADR	3,175,000		90,519,250
Grupo Televisa SA de CV (CPO) sponsored ADR	3,700,000		51,763,000
TOTAL MEXICO			142,282,250
Netherlands - 1.8%
Akzo Nobel NV	450,000		16,154,825
Gemalto NV (a)	1,700,000		41,810,757
ING Groep NV sponsored ADR (d)	3,000,000		24,990,000
Koninklijke KPN NV	8,181,900		109,466,744
Unilever NV (Certificaten Van Aandelen)	12,145,000		268,535,434
TOTAL NETHERLANDS			460,957,760
Netherlands Antilles - 0.5%
Schlumberger Ltd. (NY Shares)	2,890,200		117,949,062
Norway - 0.3%
Orkla ASA (A Shares)	4,472,494		29,856,220
Pronova BioPharma ASA (a)	12,999,500		38,463,945
TOTAL NORWAY			68,320,165
Panama - 0.0%
McDermott International, Inc. (a)	1,000,000		10,370,000
Papua New Guinea - 0.5%
Lihir Gold Ltd. (a)	68,988,224		136,903,566

	Shares		Value
South Africa - 0.3%
Impala Platinum Holdings Ltd.	5,400,000		$ 61,912,992
MTN Group Ltd.	1,000,000		9,498,780
TOTAL SOUTH AFRICA			71,411,772
Spain - 3.9%
Banco Bilbao Vizcaya Argentaria SA sponsored ADR (d)	4,000,000		37,160,000
Banco Santander SA sponsored ADR (d)	8,200,000		64,288,000
Enagas SA	5,000,649		87,071,700
Grifols SA	1,300,000		22,935,294
Inditex SA	4,350,000		166,410,833
Red Electrica Corporacion SA	1,700,000		70,083,622
Repsol YPF SA	13,200		235,730
Telefonica SA	31,444,200		557,425,547
TOTAL SPAIN			1,005,610,726
Sweden - 0.4%
Assa Abloy AB (B Shares)	3,259,600		32,814,112
Getinge AB (B Shares) (d)	1,666,666		22,254,741
Svenska Cellulosa AB (SCA) (B Shares)	4,499,600		35,216,131
TOTAL SWEDEN			90,284,984
Switzerland - 12.8%
ABB Ltd. (Reg.)	8,000,330		104,427,102
Actelion Ltd. (Reg.) (a)	4,327,040		235,769,401
Alcon, Inc.	1,704,200		145,947,688
ARYZTA AG (a)	2,000,000		50,004,311
Credit Suisse Group sponsored ADR	800,000		20,392,000
Credit Suisse Group (Reg.)	65,000		1,658,899
EFG International	340,058		4,133,820
Julius Baer Holding Ltd.	1,898,694		56,605,603
Kuehne & Nagel International AG (d)	1,300,000		71,730,322
Lonza Group AG	10,000		914,734
Nestle SA (Reg.)	21,819,621		755,851,687
Nobel Biocare Holding AG (Switzerland)	1,400,000		21,617,381
Novartis AG:
(Reg.)	63,194		2,596,673
sponsored ADR	7,150,000		295,009,000
Roche Holding AG (participation certificate)	3,323,134		468,143,888
Schindler Holding AG (Reg.)	1,400,000		61,194,931
SGS Societe Generale de Surveillance Holding SA (Reg.)	150,000		159,065,437
Sonova Holding AG	2,500,000		120,700,060
Sulzer AG (Reg.)	885,300		44,268,816
Syngenta AG:
sponsored ADR	2,750,000		106,205,000
(Switzerland)	10,300		1,991,917
Tecan Group AG (e)	1,100,000		36,322,097
Transocean Ltd. (a)	1,250,220		68,287,016
UBS AG:
(For. Reg.)	4,657,974		58,412,422
Common Stocks - continued
	Shares		Value
Switzerland - continued
UBS AG: - continued
(NY Shares)	15,000,000		$ 186,750,000
Zurich Financial Services AG (Reg.)	1,210,972		219,246,590
TOTAL SWITZERLAND			3,297,246,795
Taiwan - 0.3%
Hon Hai Precision Industry Co. Ltd. (Foxconn)	34,500,000		60,460,231
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	3,000,000		22,620,000
TOTAL TAIWAN			83,080,231
United Kingdom - 16.7%
Aegis Group PLC	10,000,000		11,089,823
Anglo American PLC (United Kingdom)	1,400,000		25,693,597
BAE Systems PLC	11,293,800		65,856,600
Barclays PLC (d)	38,074,000		56,032,023
Bellway PLC	2,450,000		20,457,461
BG Group PLC	7,647,000		105,367,426
BHP Billiton PLC	4,000,000		68,481,466
Bovis Homes Group PLC (e)	7,250,000		40,568,455
BP PLC sponsored ADR	300,000		12,741,000
British Airways PLC	9,959,900		17,340,481
British American Tobacco PLC:
(United Kingdom)	1,883,200		51,653,091
sponsored ADR	4,830,000		266,133,000
British Sky Broadcasting Group PLC (BSkyB)	5,000,000		36,023,803
Cadbury PLC	12,700,000		102,822,950
Capita Group PLC	23,500,451		237,790,653
Centrica PLC	3,437,500		12,856,583
easyJet PLC (a)(e)	29,000,000		125,699,152
European Capital Ltd. (e)	5,819,600		5,960,667
Experian PLC	18,500,000		115,923,074
GlaxoSmithKline PLC	6,500,000		114,676,336
HSBC Holdings PLC:
(United Kingdom) (Reg.)	1,594,971		12,378,880
sponsored ADR (d)	4,944,098		192,028,766
Imperial Tobacco Group PLC	5,696,600		156,325,382
Inchcape PLC	12,179,000		6,620,733
Informa PLC (e)	27,000,000		93,839,469
International Power PLC	22,504,800		88,655,947
Kingfisher PLC	15,000,000		30,246,947
Man Group PLC	45,192,630		135,121,586
Marks & Spencer Group PLC	5,000,000		16,743,458
Misys PLC	15,000,355		25,333,233
National Grid PLC	9,149,300		85,946,072
NEXT PLC	700,000		11,943,666
Pearson PLC	8,100,000		78,144,108
Persimmon PLC (d)	4,200,000		17,580,630
Prudential PLC	13,000,000		62,849,576

	Shares		Value
Reckitt Benckiser Group PLC	11,705,000		$ 453,898,100
Redrow PLC (d)	4,650,000		10,515,761
Rio Tinto PLC sponsored ADR (d)	800,000		69,400,000
Royal Dutch Shell PLC:
Class A (United Kingdom)	136,000		3,410,737
Class A sponsored ADR (d)	650,000		31,999,500
Class B ADR	2,150,000		102,834,500
Smith & Nephew PLC	5,440,500		39,449,204
SSL International PLC	1,500,000		10,959,354
Standard Chartered PLC (United Kingdom)	9,036,100		114,748,838
Tesco PLC	80,000,026		415,411,840
Vodafone Group PLC	825,000		1,532,770
Vodafone Group PLC sponsored ADR	25,800,000		479,622,000
WPP PLC	10,000,000		56,272,588
TOTAL UNITED KINGDOM			4,296,981,286
United States of America - 7.4%
Allergan, Inc.	3,350,000		127,702,000
Bank of America Corp.	3,000,000		19,740,000
Bank of New York Mellon Corp.	2,490,500		64,105,470
Baxter International, Inc.	550,000		32,257,500
C.R. Bard, Inc.	900,000		77,013,000
Coach, Inc. (a)	2,012,500		29,382,500
Flowserve Corp.	700,000		37,317,000
Genentech, Inc. (a)	3,060,000		248,594,400
Goldman Sachs Group, Inc.	1,750,000		141,277,500
Google, Inc. Class A (sub. vtg.) (a)	256,800		86,934,504
Henry Schein, Inc. (a)	900,000		33,687,000
Hess Corp.	800,000		44,488,000
JPMorgan Chase & Co.	3,250,000		82,907,500
Morgan Stanley	3,798,900		76,851,747
Newmont Mining Corp.	1,140,000		45,349,200
Peabody Energy Corp.	1,609,700		40,242,500
Philip Morris International, Inc.	4,000,000		148,600,000
PNC Financial Services Group, Inc.	1,200,000		39,024,000
Stryker Corp.	2,175,000		91,872,000
Synthes, Inc.	1,800,000		217,725,666
Titanium Metals Corp. (d)	3,042,409		21,448,983
Visa, Inc.	1,800,000		88,830,000
Wells Fargo & Co.	5,964,000		112,719,600
TOTAL UNITED STATES OF AMERICA			1,908,070,070
TOTAL COMMON STOCKS (Cost $31,436,112,738)		24,087,153,825
Preferred Stocks - 0.3%

Convertible Preferred Stocks - 0.0%
Canada - 0.0%
MetroPhotonics, Inc. Series 2 (a)(f)	198,000		2
Preferred Stocks - continued
	Shares		Value
Nonconvertible Preferred Stocks - 0.3%
Germany - 0.1%
Porsche Automobil Holding SE (d)	499,520		$ 29,418,631
Italy - 0.2%
Fiat SpA	2,000,000		5,767,751
Intesa Sanpaolo SpA	22,000,000		49,573,216
TOTAL ITALY			55,340,967
TOTAL NONCONVERTIBLE PREFERRED STOCKS			84,759,598
TOTAL PREFERRED STOCKS (Cost $188,737,636)		84,759,600
Investment Companies - 0.1%

United States of America - 0.1%
United States Natural Gas Fund LP ETF (a) (Cost $30,527,796)	1,000,000		18,130,000
Money Market Funds - 8.9%

Fidelity Cash Central Fund, 0.78% (b)	1,591,823,282		1,591,823,282
Fidelity Securities Lending Cash Central Fund, 0.71% (b)(c)	697,822,152		697,822,152
TOTAL MONEY MARKET FUNDS (Cost $2,289,645,434)		2,289,645,434

TOTAL INVESTMENT PORTFOLIO - 102.8%

(Cost $33,945,023,604)

26,479,688,859

NET OTHER ASSETS - (2.8)%		(716,069,285)
NET ASSETS - 100%		$ 25,763,619,574

Forward Foreign Currency Contracts
	Settlement Dates	Value	Unrealized Appreciation/ (Depreciation)
Contracts to Buy
89,349,000,000 JPY	Feb. 2009	$ 994,762,624	$ (5,237,376)

(Payable Amount $1,000,000,000)

The value of contracts to buy as a percentage of net assets - 3.9%

Currency Abbreviation
JPY	-	Japanese yen

Legend

(a) Non-income producing

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

(e) Affiliated company

(f) Restricted securities - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $481,442 or 0.0% of net assets.

Additional information on each holding is as follows:

Security	Acquisition Date	Acquisition Cost
MetroPhotonics, Inc. Series 2	9/29/00	$ 1,980,000
OZ Optics Ltd. unit	8/18/00	$ 1,505,520

Other Affiliated Issuers

An affiliated company is a company in which the fund has ownership of at least 5% of the voting securities. Fiscal year to date transactions with companies which are or were affiliates are as follows:

Affiliates	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Bovis Homes Group PLC	$ 36,892,190	$ 2,746,800	$ -	$ -	$ 40,568,455
easyJet PLC	149,638,996	4,142,767	8,126,292	-	125,699,152
European Capital Ltd.	13,349,451	-	-	-	5,960,667
Flint Energy Services Ltd.	20,173,329	-	1,415,273	-	12,274,014
Informa PLC	91,463,882	-	-	-	93,839,469
Niko Resources Ltd.	194,858,186	-	-	92,852	183,103,969
Petrobank Energy & Resources Ltd.	89,650,025	13,088,112	-	-	86,646,001
Tecan Group AG	49,374,624	-	-	-	36,322,097
Trican Well Service Ltd.	69,582,435	-	-	258,213	41,127,177
Total	$ 714,983,118	$ 19,977,679	$ 9,541,565	$ 351,065	$ 625,541,001

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	$ 5,185,449
Fidelity Securities Lending Cash Central Fund	3,007,635
Total	$ 8,193,084

Other Information

The following is a summary of the inputs used, as of January 31, 2009, 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	$ 26,479,688,859	$ 21,369,718,949	$ 5,109,488,468	$ 481,442
Other Financial Instruments *	$ (5,237,376)	$ -	$ (5,237,376)	$ -

* Other financial instruments include Forward Foreign Currency Contracts.

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

	Investments in Securities
Beginning Balance	$ 16,942,833
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	(11,241,271)
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfer in/out of Level 3	(5,220,120)
Ending Balance	$ 481,442

Income Tax Information

At January 31, 2009, the aggregate cost of investment securities for income tax purposes was $34,114,105,962. Net unrealized depreciation aggregated $7,634,417,103, of which $2,746,614,379 related to appreciated investment securities and $10,381,031,482 related to depreciated investment securities.

Investment Valuation

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. The U.S. dollar value of forward foreign currency contracts is determined using forward currency exchange rates supplied by a quotation service. 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.

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Emerging Europe,
Middle East, Africa (EMEA) Fund

January 31, 2009

1.861978.100

EME-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.0%
	Shares		Value
Australia - 0.6%
Coal of Africa Ltd. (a)	230,100		$ 121,751
International Ferro Metals	385,754		100,657
TOTAL AUSTRALIA			222,408
Canada - 0.2%
Westernzagros Resources Ltd. (a)	120,500		68,809
Cayman Islands - 0.9%
Eurasia Drilling Co. Ltd. GDR (Reg. S)	82,000		297,660
Czech Republic - 5.2%
Ceske Energeticke Zavody AS	39,350		1,361,570
Telefonica O2 Czech Republic AS	24,913		466,536
TOTAL CZECH REPUBLIC			1,828,106
Egypt - 4.5%
EFG-Hermes Holding SAE	61,600		161,567
Egyptian Co. for Mobile Services (MobiNil)	52,544		1,256,563
Orascom Construction Industries	7,980		157,693
TOTAL EGYPT			1,575,823
Israel - 7.8%
EL AL Israel Airlines Ltd.	54,300		11,891
Mizrahi Tefahot Bank Ltd.	27,700		130,457
Partner Communications Co. Ltd. ADR	6,300		97,335
Teva Pharmaceutical Industries Ltd.	60,400		2,484,961
TOTAL ISRAEL			2,724,644
Kenya - 2.5%
Athi River Mining Ltd.	353,422		376,688
British American Tobacco Kenya Ltd.	60,000		102,320
East African Breweries Ltd.	235,118		400,954
TOTAL KENYA			879,962
Nigeria - 1.9%
Guaranty Trust Bank PLC (Reg. S) unit	170,317		396,839
Nigerian Breweries PLC	911,706		183,812
Zenith Bank PLC	870,000		70,770
TOTAL NIGERIA			651,421
Russia - 26.2%
Comstar United TeleSystems OJSC GDR (Reg. S)	81,000		194,400
Lukoil Oil Co.	5,800		196,787
Lukoil Oil Co. sponsored ADR	62,600		2,051,402
Common Stocks - continued
	Shares		Value
Russia - continued
Novolipetsk Iron & Steel Corp.	23,400		$ 198,666
OAO Gazprom	1,229,200		4,034,469
OAO NOVATEK (a)	45,100		82,060
OAO Tatneft	447,800		748,927
Polymetal JSC GDR (Reg. S) (a)	172,750		775,648
Sberbank (Savings Bank of the Russian Federation)	1,497,700		696,417
Sberbank (Savings Bank of the Russian Federation) GDR	1,100		102,808
Wimm-Bill-Dann Foods OJSC sponsored ADR (a)	5,700		138,225
TOTAL RUSSIA			9,219,809
South Africa - 42.1%
AFGRI Ltd.	187,055		89,837
Africa Cellular Towers Ltd. (a)	2,702,300		276,551
African Rainbow Minerals Ltd.	25,200		292,703
AngloGold Ashanti Ltd.	6,900		195,808
Austro Group Ltd.	411,000		25,562
Aveng Ltd.	48,000		122,842
Cashbuild Ltd.	23,200		129,350
DRDGOLD Ltd.	990,354		682,240
Exxaro Resources Ltd.	154,300		1,021,548
Gold Fields Ltd.	67,100		705,242
Harmony Gold Mining Co. Ltd. (a)	153,800		1,814,889
Kumba Iron Ore Ltd.	7,700		111,104
Kwikspace Modular Buildings Ltd.	936,224		679,660
MTN Group Ltd.	327,450		3,110,376
Murray & Roberts Holdings Ltd.	126,700		530,175
New Clicks Holdings Ltd.	119,300		191,755
Paracon Holdings Ltd.	923,200		135,028
Raubex Group Ltd.	608,800		1,007,266
Sasol Ltd.	102,900		2,744,476
Shoprite Holdings Ltd.	177,300		940,918
TOTAL SOUTH AFRICA			14,807,330
Turkey - 2.3%
Bim Birlesik Magazalar AS JSC	38,000		820,909
United Kingdom - 2.0%
Aricom PLC (a)	1,123,600		325,765
Randgold Resources Ltd. sponsored ADR	8,300		369,018
TOTAL UNITED KINGDOM			694,783
United States of America - 0.4%
CTC Media, Inc. (a)	42,500		146,625
Common Stocks - continued
	Shares		Value
Zambia - 0.4%
Celtel Zambia Ltd.	2,790,201		$ 151,700
TOTAL COMMON STOCKS (Cost $64,275,844)		34,089,989
Investment Companies - 2.4%

Canada - 2.4%
Horizons BetaPro COMEX Gold Bullion Bull Plus ETF (a) (Cost $827,933)	57,600		838,732
Money Market Funds - 1.5%

Fidelity Cash Central Fund, 0.78% (b) (Cost $529,765)	529,765		529,765
TOTAL INVESTMENT PORTFOLIO - 100.9% (Cost $65,633,542)			35,458,486
NET OTHER ASSETS - (0.9)%			(313,637)
NET ASSETS - 100%		$ 35,144,849

Legend

(a) Non-income producing

Affiliated Central Funds

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

Fund	Income earned
Fidelity Cash Central Fund	$ 3,804

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities	$ 35,458,486	$ 14,892,496	$ 20,565,990	$ 0

Income Tax Information

At January 31, 2009, the aggregate cost of investment securities for income tax purposes was $66,559,396. Net unrealized depreciation aggregated $31,100,910, of which $836,529 related to appreciated investment securities and $31,937,439 related to depreciated investment securities.

Investment Valuation

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

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

Quarterly Report

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Advisor
Emerging Europe, Middle East,
Africa (AEME) Fund
Class A
Class T
Class B
Class C
Institutional Class

January 31, 2009

1.861996.100

AEME-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.0%
	Shares		Value
Australia - 0.6%
Coal of Africa Ltd. (a)	230,100		$ 121,751
International Ferro Metals	385,754		100,657
TOTAL AUSTRALIA			222,408
Canada - 0.2%
Westernzagros Resources Ltd. (a)	120,500		68,809
Cayman Islands - 0.9%
Eurasia Drilling Co. Ltd. GDR (Reg. S)	82,000		297,660
Czech Republic - 5.2%
Ceske Energeticke Zavody AS	39,350		1,361,570
Telefonica O2 Czech Republic AS	24,913		466,536
TOTAL CZECH REPUBLIC			1,828,106
Egypt - 4.5%
EFG-Hermes Holding SAE	61,600		161,567
Egyptian Co. for Mobile Services (MobiNil)	52,544		1,256,563
Orascom Construction Industries	7,980		157,693
TOTAL EGYPT			1,575,823
Israel - 7.8%
EL AL Israel Airlines Ltd.	54,300		11,891
Mizrahi Tefahot Bank Ltd.	27,700		130,457
Partner Communications Co. Ltd. ADR	6,300		97,335
Teva Pharmaceutical Industries Ltd.	60,400		2,484,961
TOTAL ISRAEL			2,724,644
Kenya - 2.5%
Athi River Mining Ltd.	353,422		376,688
British American Tobacco Kenya Ltd.	60,000		102,320
East African Breweries Ltd.	235,118		400,954
TOTAL KENYA			879,962
Nigeria - 1.9%
Guaranty Trust Bank PLC (Reg. S) unit	170,317		396,839
Nigerian Breweries PLC	911,706		183,812
Zenith Bank PLC	870,000		70,770
TOTAL NIGERIA			651,421
Russia - 26.2%
Comstar United TeleSystems OJSC GDR (Reg. S)	81,000		194,400
Lukoil Oil Co.	5,800		196,787
Lukoil Oil Co. sponsored ADR	62,600		2,051,402
Common Stocks - continued
	Shares		Value
Russia - continued
Novolipetsk Iron & Steel Corp.	23,400		$ 198,666
OAO Gazprom	1,229,200		4,034,469
OAO NOVATEK (a)	45,100		82,060
OAO Tatneft	447,800		748,927
Polymetal JSC GDR (Reg. S) (a)	172,750		775,648
Sberbank (Savings Bank of the Russian Federation)	1,497,700		696,417
Sberbank (Savings Bank of the Russian Federation) GDR	1,100		102,808
Wimm-Bill-Dann Foods OJSC sponsored ADR (a)	5,700		138,225
TOTAL RUSSIA			9,219,809
South Africa - 42.1%
AFGRI Ltd.	187,055		89,837
Africa Cellular Towers Ltd. (a)	2,702,300		276,551
African Rainbow Minerals Ltd.	25,200		292,703
AngloGold Ashanti Ltd.	6,900		195,808
Austro Group Ltd.	411,000		25,562
Aveng Ltd.	48,000		122,842
Cashbuild Ltd.	23,200		129,350
DRDGOLD Ltd.	990,354		682,240
Exxaro Resources Ltd.	154,300		1,021,548
Gold Fields Ltd.	67,100		705,242
Harmony Gold Mining Co. Ltd. (a)	153,800		1,814,889
Kumba Iron Ore Ltd.	7,700		111,104
Kwikspace Modular Buildings Ltd.	936,224		679,660
MTN Group Ltd.	327,450		3,110,376
Murray & Roberts Holdings Ltd.	126,700		530,175
New Clicks Holdings Ltd.	119,300		191,755
Paracon Holdings Ltd.	923,200		135,028
Raubex Group Ltd.	608,800		1,007,266
Sasol Ltd.	102,900		2,744,476
Shoprite Holdings Ltd.	177,300		940,918
TOTAL SOUTH AFRICA			14,807,330
Turkey - 2.3%
Bim Birlesik Magazalar AS JSC	38,000		820,909
United Kingdom - 2.0%
Aricom PLC (a)	1,123,600		325,765
Randgold Resources Ltd. sponsored ADR	8,300		369,018
TOTAL UNITED KINGDOM			694,783
United States of America - 0.4%
CTC Media, Inc. (a)	42,500		146,625
Common Stocks - continued
	Shares		Value
Zambia - 0.4%
Celtel Zambia Ltd.	2,790,201		$ 151,700
TOTAL COMMON STOCKS (Cost $64,275,844)		34,089,989
Investment Companies - 2.4%

Canada - 2.4%
Horizons BetaPro COMEX Gold Bullion Bull Plus ETF (a) (Cost $827,933)	57,600		838,732
Money Market Funds - 1.5%

Fidelity Cash Central Fund, 0.78% (b) (Cost $529,765)	529,765		529,765
TOTAL INVESTMENT PORTFOLIO - 100.9% (Cost $65,633,542)			35,458,486
NET OTHER ASSETS - (0.9)%			(313,637)
NET ASSETS - 100%		$ 35,144,849

Legend

(a) Non-income producing

Affiliated Central Funds

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

Fund	Income earned
Fidelity Cash Central Fund	$ 3,804

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities	$ 35,458,486	$ 14,892,496	$ 20,565,990	$ 0

Income Tax Information

Investment Valuation

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

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

Quarterly Report

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Emerging Markets Fund

January 31, 2009

1.813065.104

EMF-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.6%
	Shares		Value
Australia - 0.2%
Sino Gold Mining Ltd. (a)	988,937		$ 3,057,053
Bahrain - 0.2%
Gulf Finance House BSC:
(Reg. S) unit	225,900		1,328,292
GDR (f)	262,462		1,543,277
TOTAL BAHRAIN			2,871,569
Bermuda - 1.3%
Aquarius Platinum Ltd. (Australia)	2,008,059		4,841,243
Central European Media Enterprises Ltd. Class A (a)(e)	335,500		3,308,030
Credicorp Ltd. (NY Shares)	273,200		11,283,160
Ports Design Ltd.	4,436,500		4,486,949
TOTAL BERMUDA			23,919,382
Brazil - 15.6%
America Latina Logistica SA unit	1,931,800		7,352,497
Anhanguera Educacional Participacoes SA unit	410,059		2,156,345
Banco ABC Brasil SA	569,000		1,177,241
Banco Bradesco SA:
(PN)	2,310,600		20,715,724
(PN) sponsored ADR	257,000		2,300,150
Companhia Energetica de Minas Gerais (CEMIG) (PN) sponsored ADR (non-vtg.)	971,900		13,208,121
Companhia Siderurgica Nacional SA (CSN) sponsored ADR (e)	1,301,000		19,645,100
Companhia Vale do Rio Doce (PN-A) sponsored ADR	5,264,300		63,908,602
GVT Holding SA (a)	891,700		9,455,095
MRV Engenharia e Participacoes SA	685,000		3,206,509
Net Servicos de Comunicacao SA sponsored ADR (e)	1,310,066		8,345,120
OGX Petroleo e Gas Participacoes SA	34,100		8,226,772
Petroleo Brasileiro SA - Petrobras:
(PN) (non-vtg.)	3,175,400		34,286,108
(PN) sponsored ADR (non-vtg.)	1,985,100		42,997,266
sponsored ADR	334,900		8,774,380
Redecard SA	1,083,700		12,121,558
Uniao de Bancos Brasileiros SA (Unibanco):
unit	929,300		5,267,369
GDR	194,900		10,968,972
Usinas Siderurgicas de Minas Gerais SA - Usiminas (PN-A) (non-vtg.)	905,800		11,213,179
Votorantim Celulose e Papel SA sponsored ADR (non-vtg.)	1,462,100		8,480,180
TOTAL BRAZIL			293,806,288
Cayman Islands - 1.3%
Chaoda Modern Agriculture (Holdings) Ltd.	15,829,905		9,995,668
China Dongxiang Group Co. Ltd.	18,881,000		5,445,473

	Shares		Value
Suntech Power Holdings Co. Ltd. sponsored ADR (a)(e)	308,900		$ 2,906,749
The United Laboratories International Holdings Ltd.	7,120,000		1,644,373
Xinao Gas Holdings Ltd.	1,856,000		1,661,499
Yingli Green Energy Holding Co. Ltd. ADR (a)(e)	628,100		3,511,079
TOTAL CAYMAN ISLANDS			25,164,841
China - 9.3%
Baidu.com, Inc. sponsored ADR (a)(e)	55,000		7,082,350
China Coal Energy Co. Ltd. (H Shares)	15,407,700		11,059,849
China Communications Construction Co. Ltd. (H Shares)	3,169,000		3,067,429
China Construction Bank Corp. (H Shares)	62,602,000		30,532,911
China Gas Holdings Ltd.	19,410,000		2,732,918
China Merchants Bank Co. Ltd. (H Shares)	11,671,000		18,846,664
China Petroleum & Chemical Corp.:
(H Shares)	10,536,000		5,679,902
sponsored ADR (H Shares)(e)	202,600		10,952,556
China Railway Construction Corp. (H Shares)	4,796,000		6,555,939
China South Locomotive & Rolling Stock Corp. Ltd. (H Shares)	18,573,000		8,774,050
China Yurun Food Group Ltd.	5,052,000		5,909,665
Golden Eagle Retail Group Ltd. (H Shares) (e)	11,154,000		5,938,336
Industrial & Commercial Bank of China	80,422,000		34,002,486
Tencent Holdings Ltd.	1,991,400		12,168,104
Yantai Changyu Pioneer Wine Co. (B Shares)	1,408,650		5,315,583
Zhuzhou CSR Times Electric Co. Ltd. (H Shares)	1,322,000		1,048,510
ZTE Corp. (H Shares)	1,854,400		5,277,908
TOTAL CHINA			174,945,160
Cyprus - 0.0%
XXI Century Investments Public Ltd. (a)	468,000		115,334
Czech Republic - 2.4%
Ceske Energeticke Zavody AS	726,000		25,120,704
Komercni Banka AS	97,200		10,824,054
Philip Morris CR AS	32,977		9,628,166
TOTAL CZECH REPUBLIC			45,572,924
Egypt - 1.5%
Commercial International Bank Ltd. sponsored GDR	2,042,787		11,541,747
Eastern Tobacco Co.	183,045		5,754,581
Orascom Construction Industries SAE GDR	132,012		5,392,690
Telecom Egypt SAE	1,971,000		5,169,604
TOTAL EGYPT			27,858,622
Common Stocks - continued
	Shares		Value
Georgia - 0.0%
Bank of Georgia unit (a)	225,200		$ 867,020
Hong Kong - 6.8%
China Mobile (Hong Kong) Ltd.	7,745,900		69,727,739
China Resources Power Holdings Co. Ltd.	8,701,500		15,962,447
CNOOC Ltd.	27,171,000		23,384,752
CNOOC Ltd. sponsored ADR (e)	47,000		4,043,880
CNPC (Hong Kong) Ltd.	23,346,000		6,587,188
REXCAPITAL Financial Holdings Ltd. (a)	69,720,000		2,348,887
Shanghai Industrial Holdings Ltd. (H Shares)	2,133,000		5,435,572
TOTAL HONG KONG			127,490,465
India - 6.8%
Axis Bank Ltd.	594,981		5,187,012
Axis Bank Ltd. GDR (Reg. S)	481,200		4,234,560
Bank of India	2,156,656		10,872,860
Bharat Heavy Electricals Ltd.	270,659		7,216,989
Bharti Airtel Ltd. (a)	732,978		9,413,105
Educomp Solutions Ltd.	177,800		6,456,444
Housing Development Finance Corp. Ltd.	579,602		17,903,849
ICICI Bank Ltd.	2,041,156		16,964,303
Infosys Technologies Ltd. sponsored ADR	854,000		22,682,240
ITC Ltd.	1,500		5,481
Jain Irrigation Systems Ltd.	285,881		1,947,211
Larsen & Toubro Ltd.	119,465		1,665,107
Reliance Industries Ltd.	112,951		3,014,702
Rolta India Ltd.	2,916,303		5,453,889
Sintex Industries Ltd.	1,483,223		4,097,513
Tata Power Co. Ltd.	760,272		11,699,788
TOTAL INDIA			128,815,053
Indonesia - 3.3%
PT Astra International Tbk	11,144,000		12,534,096
PT Bank Rakyat Indonesia Tbk	36,352,500		14,234,508
PT Bumi Resources Tbk	81,292,000		3,536,283
PT Perusahaan Gas Negara Tbk Series B	81,695,600		15,424,637
PT Tambang Batubbara Bukit Asam Tbk	3,073,000		1,955,592
PT Telkomunikasi Indonesia Tbk:
Series B	22,780,000		12,505,543
sponsored ADR (e)	87,400		1,914,934
TOTAL INDONESIA			62,105,593
Ireland - 0.1%
Dragon Oil PLC (a)	1,064,000		2,460,172
Israel - 4.6%
Cellcom Israel Ltd.	418,200		8,857,476
Check Point Software Technologies Ltd. (a)	811,900		18,405,773

	Shares		Value
Israel Chemicals Ltd.	1,787,600		$ 12,694,423
Teva Pharmaceutical Industries Ltd. sponsored ADR	1,116,300		46,270,635
TOTAL ISRAEL			86,228,307
Kazakhstan - 0.5%
JSC Halyk Bank of Kazakhstan unit	276,386		657,799
KazMunaiGas Exploration & Production JSC (Reg. S) GDR	617,059		7,836,649
TOTAL KAZAKHSTAN			8,494,448
Korea (South) - 9.1%
Hana Financial Group, Inc.	284,750		4,653,508
Hyundai Industrial Development & Construction Co.	82,020		2,142,151
Hyundai Mobis	192,237		8,938,909
Korea Gas Corp.	240,129		8,857,658
KT&G Corp.	260,547		15,587,216
LG Household & Health Care Ltd.	51,854		6,229,618
LIG Non-Life Insurance Co. Ltd.	375,700		3,043,412
MegaStudy Co. Ltd.	88,938		10,722,530
Meritz Fire & Marine Insurance Co. Ltd.	2,387,760		6,057,855
NHN Corp. (a)	147,687		14,609,885
POSCO	57,253		14,599,672
POSCO sponsored ADR (e)	75,600		4,802,112
Samsung Electronics Co. Ltd.	108,368		37,627,727
Shinhan Financial Group Co. Ltd.	895,020		18,056,902
STX Pan Ocean Co. Ltd. (Korea)	162,620		1,164,997
Taewoong Co. Ltd.	216,703		13,982,881
TOTAL KOREA (SOUTH)			171,077,033
Lebanon - 0.3%
Solidere GDR	333,800		5,007,000
Luxembourg - 0.8%
Evraz Group SA GDR	354,000		2,994,840
MHP SA:
GDR (a)(f)	584,500		2,191,875
GDR (Reg. S)	30,000		112,500
Millicom International Cellular SA	235,700		9,230,012
TOTAL LUXEMBOURG			14,529,227
Malaysia - 1.3%
DiGi.com Bhd	2,072,500		11,739,662
Parkson Holdings Bhd	10,410		9,304
Public Bank Bhd	5,066,000		12,286,660
TOTAL MALAYSIA			24,035,626
Mexico - 3.5%
America Movil SAB de CV Series L sponsored ADR	1,468,400		41,864,084
Fomento Economico Mexicano SAB de CV sponsored ADR	558,200		15,713,330
Grupo Financiero Banorte SAB de CV Series O	6,775,000		8,926,573
TOTAL MEXICO			66,503,987
Common Stocks - continued
	Shares		Value
Nigeria - 0.1%
Guaranty Trust Bank PLC:
(Reg. S) unit	626,181		$ 1,459,002
sponsored GDR (f)	480,872		1,120,432
TOTAL NIGERIA			2,579,434
Oman - 0.2%
BankMuscat SAOG sponsored GDR	624,000		3,744,000
Panama - 0.3%
Intergroup Financial Services Corp.	285,840		2,829,816
Intergroup Financial Services Corp. (a)(f)	222,096		2,198,750
TOTAL PANAMA			5,028,566
Papua New Guinea - 0.3%
Oil Search Ltd.	2,093,978		5,669,433
Peru - 0.6%
Compania de Minas Buenaventura SA sponsored ADR	647,400		12,197,016
Philippines - 0.1%
Security Bank Corp.	114,800		58,048
SM Investments Corp.	526,637		2,164,339
TOTAL PHILIPPINES			2,222,387
Poland - 0.5%
Powszechna Kasa Oszczednosci Bank SA	1,242,200		9,912,782
Russia - 4.8%
Bank St. Petersburg OJSC	1,522,669		1,059,760
LSR Group OJSC (a)	124,500		444,578
Lukoil Oil Co. sponsored ADR	482,450		16,186,198
Magnit OJSC GDR (Reg. S) (a)	371,000		1,799,350
Mobile TeleSystems OJSC sponsored ADR	431,300		9,186,690
OAO Gazprom sponsored ADR	2,280,959		29,903,372
OAO Raspadskaya	1,580,000		1,338,671
OAO TMK	525,400		664,578
OJSC Oil Co. Rosneft GDR (Reg. S) unit	2,442,100		7,594,931
Polymetal JSC GDR (Reg. S) (a)	985,800		4,426,242
Rosinter Restaurants Holding (a)	108,200		526,393
Sberbank (Savings Bank of the Russian Federation)	12,649,000		5,881,667
Sberbank (Savings Bank of the Russian Federation) GDR	33,500		3,130,974
Uralkali JSC	1,542,600		1,816,987
Uralkali JSC GDR (Reg. S)	250,500		1,573,140
VSMPO-Avisma Corp.	9,600		261,542
Wimm-Bill-Dann Foods OJSC sponsored ADR (a)(e)	185,275		4,492,919
TOTAL RUSSIA			90,287,992
South Africa - 10.4%
African Bank Investments Ltd.	4,152,699		10,613,245
African Rainbow Minerals Ltd.	896,361		10,411,418

	Shares		Value
Aspen Pharmacare Holdings Ltd. (a)	3,269,720		$ 13,481,830
Aveng Ltd.	2,503,400		6,406,707
Exxaro Resources Ltd.	1,563,412		10,350,622
FirstRand Ltd.	9,807,556		14,173,329
Harmony Gold Mining Co. Ltd. sponsored ADR (a)(e)	1,649,900		19,468,820
Illovo Sugar Ltd.	2,802,076		6,525,320
Impala Platinum Holdings Ltd.	1,099,528		12,606,494
JD Group Ltd.	1,206,895		4,291,006
Mr. Price Group Ltd.	4,373,571		11,068,644
MTN Group Ltd.	2,866,900		27,232,053
Murray & Roberts Holdings Ltd.	952,100		3,984,053
Raubex Group Ltd.	4,288,963		7,096,135
Sasol Ltd.	75,000		2,000,347
Sasol Ltd. sponsored ADR (e)	954,000		25,328,700
Shoprite Holdings Ltd.	1,926,535		10,223,976
TOTAL SOUTH AFRICA			195,262,699
Taiwan - 5.0%
Acer, Inc.	6,252,000		7,726,785
Asia Cement Corp.	12,057,000		8,442,861
First Financial Holding Co. Ltd.	28,227,588		12,075,499
Hon Hai Precision Industry Co. Ltd. (Foxconn)	11,727,302		20,551,750
HTC Corp.	1,631,300		15,404,577
Siliconware Precision Industries Co. Ltd.	9,775,633		7,764,004
Taiwan Mobile Co. Ltd.	7,946,000		11,049,387
Taiwan Semiconductor Manufacturing Co. Ltd.	9,148,000		11,184,537
TOTAL TAIWAN			94,199,400
Thailand - 1.8%
Minor International PCL (For. Reg.)	25,357,774		5,143,353
PTT Exploration & Production PCL (For. Reg.)	4,729,100		13,010,499
Siam Commercial Bank PCL (For. Reg.)	6,722,800		9,848,186
Total Access Communication PCL (For. Reg.)	5,962,600		4,955,191
TOTAL THAILAND			32,957,229
Turkey - 2.8%
Anadolu Efes Biracilik ve Malt Sanyii AS	2,093,665		14,142,081
Asya Katilim Bankasi AS	10,189,468		6,634,656
Bim Birlesik Magazalar AS JSC	49,000		1,058,541
Enka Insaat ve Sanayi AS	3,141,963		10,324,713
Tupras-Turkiye Petrol Rafinerileri AS	1,101,400		10,522,716
Turkiye Garanti Bankasi AS (a)	7,886,895		10,798,706
TOTAL TURKEY			53,481,413
United Kingdom - 1.1%
Cairn Energy PLC (a)	139,955		3,692,521
Hikma Pharmaceuticals PLC	898,839		4,661,490
Randgold Resources Ltd. sponsored ADR	262,700		11,679,642
TOTAL UNITED KINGDOM			20,033,653
Common Stocks - continued
	Shares		Value
United States of America - 0.7%
Central European Distribution Corp. (a)(e)	372,594		$ 4,508,387
CTC Media, Inc. (a)	876,517		3,023,984
Freeport-McMoRan Copper & Gold, Inc. Class B	255,000		6,410,700
TOTAL UNITED STATES OF AMERICA			13,943,071
TOTAL COMMON STOCKS (Cost $2,590,945,265)		1,836,444,179

Convertible Bonds - 0.0%
		Principal Amount (d)
Brazil - 0.0%
Companhia de Saneamento de Minas Gerais 8.55% 6/1/13 (g)(h) (Cost $308,511)	BRL	4,841	161,172

Money Market Funds - 6.3%
	Shares
Fidelity Cash Central Fund, 0.78% (b)	56,779,999		56,779,999
Fidelity Securities Lending Cash Central Fund, 0.71% (b)(c)	62,565,082		62,565,082
TOTAL MONEY MARKET FUNDS (Cost $119,345,081)		119,345,081

TOTAL INVESTMENT PORTFOLIO - 103.9%

(Cost $2,710,598,857)

1,955,950,432

NET OTHER ASSETS - (3.9)%		(74,052,328)
NET ASSETS - 100%		$ 1,881,898,104

Currency Abbreviation
BRL	-	Brazilian real

Legend

(a) Non-income producing

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

(e) Security or a portion of the security is on loan 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 end of the period, the value of these securities amounted to $7,054,334 or 0.4% of net assets.

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

(h) Restricted securities - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $161,172 or 0.0% of net assets.

Additional information on each holding is as follows:

Security	Acquisition Date	Acquisition Cost
Companhia de Saneamento de Minas Gerais 8.55% 6/1/13	8/22/07	$ 308,511

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	$ 220,444
Fidelity Securities Lending Cash Central Fund	287,195
Total	$ 507,639

Other Information

The following is a summary of the inputs used, as of January 31, 2009, 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	$ 1,955,950,432	$ 996,615,287	$ 959,335,145	$ -

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

	Investments in Securities
Beginning Balance	$ 10,123,190
Total Realized Gain (Loss)	(224,813)
Total Unrealized Gain (Loss)	(6,725,904)
Cost of Purchases	376,985
Proceeds of Sales	(13,175)
Amortization/Accretion	-
Transfer in/out of Level 3	(3,536,283)
Ending Balance	$ -

Income Tax Information

At January 31, 2009, the aggregate cost of investment securities for income tax purposes was $2,743,943,333. Net unrealized depreciation aggregated $787,992,901, of which $173,556,004 related to appreciated investment securities and $961,548,905 related to depreciated investment securities.

Investment Valuation

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. 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. 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.

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Europe Capital Appreciation Fund

January 31, 2009

1.813014.104

ECA-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.0%
	Shares		Value
Australia - 0.5%
CSL Ltd.	90,845		$ 2,142,357
Belgium - 1.6%
Anheuser-Busch InBev NV	190,680		4,860,581
Anheuser-Busch InBev NV (strip VVPR) (a)	103,680		531
Umicore SA	102,700		1,921,022
TOTAL BELGIUM			6,782,134
Bermuda - 0.3%
Signet Jewelers Ltd. (United Kingdom)	156,900		1,109,388
Brazil - 0.6%
Petroleo Brasileiro SA - Petrobras (PN) sponsored ADR (non-vtg.)	105,700		2,289,462
Canada - 0.6%
EnCana Corp.	16,100		716,708
Petrobank Energy & Resources Ltd. (a)	97,400		1,541,428
TOTAL CANADA			2,258,136
Denmark - 1.6%
Genmab AS (a)	49,000		2,052,814
Novo Nordisk AS Series B	86,500		4,641,195
TOTAL DENMARK			6,694,009
Finland - 0.6%
Nokia Corp. sponsored ADR	117,150		1,437,431
Nokian Tyres Ltd.	117,005		1,147,479
TOTAL FINLAND			2,584,910
France - 11.7%
AXA SA	188,700		2,971,582
BNP Paribas SA	87,600		3,365,750
Bouygues SA	59,200		2,028,241
Cap Gemini SA	104,400		3,615,593
Essilor International SA	51,600		1,973,977
GDF Suez	84,100		3,237,734
Pernod Ricard SA	35,800		2,256,903
Pinault Printemps-Redoute SA	67,000		3,399,465
Sanofi-Aventis	109,700		6,169,408
Schneider Electric SA	42,600		2,713,949
Societe Generale Series A	90,750		3,828,369
Total SA sponsored ADR (d)	172,200		8,572,116
Unibail-Rodamco	23,100		3,111,431
Vallourec SA	10,200		1,004,046
TOTAL FRANCE			48,248,564
Germany - 9.1%
Bayer AG	53,000		2,823,484
Bayerische Motoren Werke AG (BMW)	122,300		2,913,967
Deutsche Post AG	100,600		1,259,646
E.ON AG	223,200		7,212,657
Fresenius SE	42,400		2,089,962
Fresenius Medical Care AG	46,700		2,093,248

	Shares		Value
Muenchener Rueckversicherungs-Gesellschaft AG (Reg.)	50,700		$ 6,731,292
SAP AG	88,800		3,141,587
SAP AG sponsored ADR	28,200		997,716
Siemens AG (Reg.) (d)	98,200		5,505,076
Wincor Nixdorf AG	60,600		2,888,533
TOTAL GERMANY			37,657,168
Hong Kong - 0.7%
Esprit Holdings Ltd.	523,900		2,780,923
Ireland - 1.4%
CRH PLC	171,900		4,005,521
Ryanair Holdings PLC sponsored ADR (a)(d)	81,300		1,952,826
TOTAL IRELAND			5,958,347
Italy - 4.3%
ENI SpA sponsored ADR (d)	225,100		9,541,989
Fiat SpA	227,500		1,117,014
Intesa Sanpaolo SpA	1,489,200		4,714,125
UniCredit SpA	1,266,200		2,240,382
TOTAL ITALY			17,613,510
Luxembourg - 0.4%
ArcelorMittal SA (Netherlands)	73,700		1,670,610
Netherlands - 6.4%
Akzo Nobel NV	57,000		2,046,278
ASML Holding NV (Netherlands)	84,400		1,395,712
ING Groep NV (Certificaten Van Aandelen)	175,800		1,450,775
Koninklijke Ahold NV	335,200		4,038,792
Koninklijke KPN NV	643,000		8,602,784
Unilever NV (Certificaten Van Aandelen)	408,100		9,023,410
TOTAL NETHERLANDS			26,557,751
Norway - 0.8%
Pronova BioPharma ASA (a)	182,824		540,954
Telenor ASA	400,400		2,620,865
TOTAL NORWAY			3,161,819
Papua New Guinea - 0.3%
Lihir Gold Ltd. (a)	645,510		1,280,981
Russia - 0.2%
OAO Gazprom sponsored ADR	53,300		698,763
Spain - 5.4%
Banco Santander SA	240,900		1,949,241
Gestevision Telecinco SA	216,400		1,867,364
Iberdrola SA	616,100		4,795,860
Inditex SA	66,800		2,555,458
Telefonica SA sponsored ADR (d)	205,000		10,990,050
TOTAL SPAIN			22,157,973
Common Stocks - continued
	Shares		Value
Sweden - 1.1%
H&M Hennes & Mauritz AB (B Shares)	112,900		$ 4,370,845
Hexagon AB (B Shares)	35,101		117,856
TOTAL SWEDEN			4,488,701
Switzerland - 14.5%
ABB Ltd. (Reg.)	100,361		1,309,997
Actelion Ltd. (Reg.) (a)	21,501		1,171,535
Credit Suisse Group sponsored ADR	20,100		512,349
Credit Suisse Group (Reg.)	193,124		4,928,820
EFG International	42,540		517,126
Nestle SA (Reg.)	506,309		17,539,008
Nobel Biocare Holding AG (Switzerland)	35,005		540,512
Novartis AG (Reg.)	127,734		5,248,653
Roche Holding AG (participation certificate)	88,391		12,452,013
Schindler Holding AG (participation certificate)	32,198		1,453,199
Sonova Holding AG	26,283		1,268,944
UBS AG:
(For. Reg.)	305,538		3,831,540
(NY Shares)	201,875		2,513,344
Zurich Financial Services AG (Reg.)	35,825		6,486,120
TOTAL SWITZERLAND			59,773,160
United Kingdom - 32.1%
Aegis Group PLC	1,055,000		1,169,976
Autonomy Corp. PLC (a)	130,700		2,072,794
BAE Systems PLC	577,900		3,369,860
Barclays PLC	2,064,800		3,038,686
Bellway PLC	207,800		1,735,127
BG Group PLC	457,900		6,309,369
BHP Billiton PLC	308,900		5,288,481
Bovis Homes Group PLC	302,300		1,691,565
BP PLC	1,035,600		7,336,485
BP PLC sponsored ADR	98,100		4,166,307
British Airways PLC	442,700		770,754
British American Tobacco PLC (United Kingdom)	268,400		7,361,772
Burberry Group PLC	481,600		1,766,323
Capita Group PLC	325,500		3,293,590
Centrica PLC	904,100		3,381,422
easyJet PLC (a)	164,400		712,584
Experian PLC	1,067,900		6,691,581
HSBC Holdings PLC sponsored ADR (d)	155,900		6,055,156
Imperial Tobacco Group PLC	163,700		4,492,235
Informa PLC	349,600		1,215,047
Kesa Electricals PLC	1,338,800		1,960,199
Kingfisher PLC	1,698,300		3,424,559
Man Group PLC	805,187		2,407,431
National Grid PLC	321,200		3,017,267
NEXT PLC	64,600		1,102,230
Persimmon PLC (d)	571,800		2,393,477

	Shares		Value
Prudential PLC	633,700		$ 3,063,675
Reckitt Benckiser Group PLC	174,900		6,782,296
Redrow PLC (d)	240,900		544,784
Royal Dutch Shell PLC Class A (United Kingdom)	484,100		12,140,717
SSL International PLC	367,200		2,682,850
Standard Chartered PLC (United Kingdom)	423,234		5,374,621
Tesco PLC	561,800		2,917,229
Tullow Oil PLC	126,500		1,268,995
Vodafone Group PLC	2,897,200		5,382,716
Vodafone Group PLC sponsored ADR	322,750		5,999,923
TOTAL UNITED KINGDOM			132,382,083
United States of America - 3.8%
Citigroup, Inc.	170,300		604,565
Coach, Inc. (a)	82,400		1,203,040
Genentech, Inc. (a)	25,200		2,047,248
Goldman Sachs Group, Inc.	37,900		3,059,667
JPMorgan Chase & Co.	49,600		1,265,296
Molson Coors Brewing Co. Class B	56,500		2,275,255
Morgan Stanley	134,100		2,712,843
Synthes, Inc.	16,313		1,973,199
Virgin Media, Inc.	113,300		514,382
TOTAL UNITED STATES OF AMERICA			15,655,495
TOTAL COMMON STOCKS (Cost $541,840,850)		403,946,244
Nonconvertible Preferred Stocks - 0.3%

Italy - 0.3%
Telecom Italia SpA (Risparmio Shares) (Cost $1,106,882)	1,056,700		1,025,493
Money Market Funds - 7.2%

Fidelity Cash Central Fund, 0.78% (b)	6,901,085		6,901,085
Fidelity Securities Lending Cash Central Fund, 0.71% (b)(c)	22,827,835		22,827,835
TOTAL MONEY MARKET FUNDS (Cost $29,728,920)		29,728,920

TOTAL INVESTMENT PORTFOLIO - 105.5%

(Cost $572,676,652)

434,700,657

NET OTHER ASSETS - (5.5)%			(22,620,438)
NET ASSETS - 100%		$ 412,080,219

Legend

(a) Non-income producing

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

Affiliated Central Funds

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

Fund	Income earned
Fidelity Cash Central Fund	$ 52,585
Fidelity Securities Lending Cash Central Fund	88,169
Total	$ 140,754

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities	$ 434,700,657	$ 368,784,343	$ 65,916,314	$ -

Income Tax Information

At January 31, 2009, the aggregate cost of investment securities for income tax purposes was $586,046,284. Net unrealized depreciation aggregated $151,345,627, of which $9,677,519 related to appreciated investment securities and $161,023,146 related to depreciated investment securities.

Investment Valuation

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Europe Fund

January 31, 2009

1.813067.104

EUR-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.5%
	Shares		Value
Australia - 0.6%
CSL Ltd.	571,710		$ 13,482,381
Belgium - 1.6%
Anheuser-Busch InBev NV	1,072,100		27,328,658
Umicore SA	587,800		10,994,907
TOTAL BELGIUM			38,323,565
Bermuda - 0.3%
Signet Jewelers Ltd. (United Kingdom)	898,600		6,353,702
Brazil - 0.5%
Petroleo Brasileiro SA - Petrobras (PN) sponsored ADR (non-vtg.)	604,300		13,089,138
Canada - 0.6%
EnCana Corp.	130,000		5,787,087
Petrobank Energy & Resources Ltd. (a)	523,800		8,289,530
TOTAL CANADA			14,076,617
Denmark - 1.9%
Genmab AS (a)	295,000		12,358,779
Novo Nordisk AS Series B	605,200		32,472,271
TOTAL DENMARK			44,831,050
Finland - 0.6%
Nokia Corp.	654,400		8,020,033
Nokian Tyres Ltd.	671,411		6,584,593
TOTAL FINLAND			14,604,626
France - 11.6%
AXA SA	1,104,800		17,398,009
BNP Paribas SA	500,900		19,245,481
Bouygues SA	335,200		11,484,230
Cap Gemini SA	548,600		18,999,178
Essilor International SA	351,800		13,458,237
GDF Suez	480,500		18,498,587
Pernod Ricard SA	209,100		13,182,076
Pinault Printemps-Redoute SA (d)	403,600		20,477,973
Sanofi-Aventis	614,200		34,541,933
Schneider Electric SA	244,800		15,595,652
Societe Generale Series A	516,200		21,776,354
Total SA:
Series B	853,400		42,525,453
sponsored ADR	121,400		6,043,292
Unibail-Rodamco	127,300		17,146,541
Vallourec SA	58,600		5,768,342
TOTAL FRANCE			276,141,338
Germany - 8.9%
Bayer AG	261,000		13,904,327
Bayerische Motoren Werke AG (BMW)	753,000		17,941,266
Deutsche Post AG	577,700		7,233,575
E.ON AG	1,253,100		40,493,641
Fresenius SE	58,200		2,868,768
Fresenius Medical Care AG	465,000		20,842,836

	Shares		Value
Muenchener Rueckversicherungs-Gesellschaft AG (Reg.)	282,800		$ 37,546,539
SAP AG	681,000		24,092,578
Siemens AG (Reg.) (d)	528,500		29,627,626
Wincor Nixdorf AG	337,500		16,087,129
TOTAL GERMANY			210,638,285
Hong Kong - 0.7%
Esprit Holdings Ltd.	3,034,400		16,106,953
Ireland - 1.4%
CRH PLC	971,300		22,632,708
Ryanair Holdings PLC sponsored ADR (a)(d)	422,300		10,143,646
TOTAL IRELAND			32,776,354
Italy - 4.3%
ENI SpA	1,377,800		29,139,951
ENI SpA sponsored ADR	618,100		26,201,259
Fiat SpA	1,287,000		6,319,106
Intesa Sanpaolo SpA	8,205,500		25,974,853
Tod's SpA	67,330		2,303,333
UniCredit SpA	7,395,400		13,085,233
TOTAL ITALY			103,023,735
Luxembourg - 0.5%
ArcelorMittal SA (Netherlands)	526,500		11,934,550
Netherlands - 4.9%
Akzo Nobel NV	324,800		11,660,194
ING Groep NV (Certificaten Van Aandelen)	1,008,400		8,321,739
Koninklijke Ahold NV	1,931,500		23,272,457
Koninklijke KPN NV	3,207,800		42,917,589
Unilever NV (Certificaten Van Aandelen)	1,359,600		30,061,818
TOTAL NETHERLANDS			116,233,797
Norway - 0.8%
Pronova BioPharma ASA (a)	1,150,000		3,402,711
Telenor ASA	2,461,300		16,110,728
TOTAL NORWAY			19,513,439
Papua New Guinea - 0.3%
Lihir Gold Ltd. (a)	3,421,532		6,789,853
Russia - 0.1%
OAO Gazprom sponsored ADR	191,300		2,507,943
Spain - 5.4%
Banco Santander SA	1,820,200		14,728,141
Gestevision Telecinco SA (d)	1,238,700		10,689,017
Iberdrola SA	3,388,900		26,379,957
Inditex SA	380,400		14,552,340
Telefonica SA	3,426,200		60,737,796
TOTAL SPAIN			127,087,251
Common Stocks - continued
	Shares		Value
Sweden - 1.3%
H&M Hennes & Mauritz AB (B Shares) (d)	758,900		$ 29,380,284
Hexagon AB (B Shares)	190,968		641,200
TOTAL SWEDEN			30,021,484
Switzerland - 14.3%
ABB Ltd. (Reg.)	576,242		7,521,600
Actelion Ltd. (Reg.) (a)	75,809		4,130,640
Credit Suisse Group sponsored ADR	115,300		2,938,997
Credit Suisse Group (Reg.)	1,051,356		26,832,211
EFG International	427,775		5,200,127
Nestle SA (Reg.)	2,910,891		100,835,935
Nobel Biocare Holding AG (Switzerland)	214,782		3,316,446
Novartis AG (Reg.)	761,258		31,280,466
Roche Holding AG (participation certificate)	500,239		70,470,776
Schindler Holding AG (participation certificate)	181,712		8,201,244
Sonova Holding AG	140,616		6,788,944
UBS AG:
(For. Reg.)	377,515		4,734,154
(NY Shares)	2,172,500		27,047,625
Zurich Financial Services AG (Reg.)	213,827		38,713,398
TOTAL SWITZERLAND			338,012,563
United Kingdom - 32.2%
Aegis Group PLC	6,150,300		6,820,574
Autonomy Corp. PLC (a)	730,700		11,588,296
BAE Systems PLC	3,277,100		19,109,482
Barclays PLC	11,862,600		17,457,726
Bellway PLC	939,100		7,841,470
BG Group PLC	2,642,400		36,409,427
BHP Billiton PLC	1,793,000		30,696,817
Bovis Homes Group PLC	1,550,000		8,673,256
BP PLC	9,740,200		69,002,345
British Airways PLC	2,511,900		4,373,292
British American Tobacco PLC (United Kingdom)	1,494,700		40,997,173
Burberry Group PLC	2,762,700		10,132,519
Capita Group PLC	1,987,916		20,114,841
Centrica PLC	4,774,200		17,855,971
easyJet PLC (a)	377,000		1,634,089
Experian PLC	6,138,200		38,462,649
HSBC Holdings PLC (United Kingdom) (Reg.)	4,511,239		35,012,602
Imperial Tobacco Group PLC	1,034,100		28,377,642
Informa PLC	1,825,000		6,342,853
Kesa Electricals PLC	7,671,300		11,231,907
Kingfisher PLC	8,741,300		17,626,509
Man Group PLC	4,594,400		13,736,811
National Grid PLC	1,653,500		15,532,536
NEXT PLC	369,300		6,301,137
Persimmon PLC	3,348,700		14,017,204

	Shares		Value
Prudential PLC	4,000,300		$ 19,339,781
Reckitt Benckiser Group PLC	1,033,200		40,065,572
Redrow PLC	942,400		2,131,194
Royal Dutch Shell PLC Class A (Netherlands)	2,725,100		67,143,657
SSL International PLC	1,889,600		13,805,864
Standard Chartered PLC (United Kingdom)	2,230,386		28,323,525
Tesco PLC	2,866,673		14,885,619
Tullow Oil PLC	696,600		6,987,997
Unilever PLC	881,600		19,345,290
Vodafone Group PLC	33,100,700		61,497,887
TOTAL UNITED KINGDOM			762,875,514
United States of America - 3.7%
Citigroup, Inc.	978,000		3,471,900
Coach, Inc. (a)	472,400		6,897,040
Genentech, Inc. (a)	127,500		10,358,100
Goldman Sachs Group, Inc.	212,700		17,171,271
JPMorgan Chase & Co.	284,600		7,260,146
Molson Coors Brewing Co. Class B	312,100		12,568,267
Morgan Stanley	768,000		15,536,640
Synthes, Inc.	90,286		10,920,877
Virgin Media, Inc.	572,000		2,596,880
TOTAL UNITED STATES OF AMERICA			86,781,121
TOTAL COMMON STOCKS (Cost $2,603,016,539)		2,285,205,259
Nonconvertible Preferred Stocks - 0.3%

Italy - 0.3%
Telecom Italia SpA (Risparmio Shares) (Cost $6,350,298)	6,062,400		5,883,362
Money Market Funds - 5.0%

Fidelity Cash Central Fund, 0.78% (b)	77,361,378		77,361,378
Fidelity Securities Lending Cash Central Fund, 0.71% (b)(c)	41,107,064		41,107,064
TOTAL MONEY MARKET FUNDS (Cost $118,468,442)		118,468,442

TOTAL INVESTMENT PORTFOLIO - 101.8%

(Cost $2,727,835,279)

2,409,557,063

NET OTHER ASSETS - (1.8)%		(42,508,381)
NET ASSETS - 100%		$ 2,367,048,682

Legend

(a) Non-income producing

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

Affiliated Central Funds

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

Fund	Income earned
Fidelity Cash Central Fund	$ 259,182
Fidelity Securities Lending Cash Central Fund	207,673
Total	$ 466,855

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities	$ 2,409,557,063	$ 1,730,741,106	$ 678,815,957	$ -

Income Tax Information

At January 31, 2009, the aggregate cost of investment securities for income tax purposes was $2,777,778,790. Net unrealized depreciation aggregated $368,221,727, of which $142,792,903 related to appreciated investment securities and $511,014,630 related to depreciated investment securities.

Investment Valuation

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® International Capital Appreciation Fund
(formerly Fidelity Aggressive International Fund)

January 31, 2009

1.813010.104

IVF-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 93.9%
	Shares		Value
Australia - 1.9%
CSL Ltd.	92,984		$ 2,192,800
Woolworths Ltd.	69,296		1,206,225
TOTAL AUSTRALIA			3,399,025
Belgium - 1.5%
Anheuser-Busch InBev NV	107,000		2,727,513
Brazil - 3.1%
Companhia Vale do Rio Doce (PN-A) sponsored ADR	249,400		3,027,716
Petroleo Brasileiro SA - Petrobras (PN) sponsored ADR (non-vtg.)	114,100		2,471,406
TOTAL BRAZIL			5,499,122
Canada - 7.3%
Agnico-Eagle Mines Ltd.	36,900		1,971,652
Canadian Natural Resources Ltd.	55,900		2,001,428
EnCana Corp.	49,100		2,185,738
Goldcorp, Inc.	78,800		2,334,720
Research In Motion Ltd. (a)	44,340		2,456,436
Suncor Energy, Inc.	114,400		2,194,024
TOTAL CANADA			13,143,998
Cayman Islands - 1.5%
Suntech Power Holdings Co. Ltd. sponsored ADR (a)(d)	282,600		2,659,266
China - 0.7%
Bank of China (H Shares)	4,472,000		1,172,047
Denmark - 1.3%
Novo Nordisk AS Series B	29,500		1,582,835
Vestas Wind Systems AS (a)	17,000		830,414
TOTAL DENMARK			2,413,249
France - 6.9%
AXA SA	168,100		2,647,181
BNP Paribas SA	54,400		2,090,146
Bouygues SA	30,100		1,031,251
GDF Suez	67,400		2,594,807
Saft Groupe SA	55,000		1,350,588
Societe Generale Series A	62,900		2,653,492
TOTAL FRANCE			12,367,465
Germany - 3.9%
adidas AG	40,500		1,406,749
E.ON AG	69,000		2,229,719
Siemens AG sponsored ADR (d)	40,700		2,281,642
SolarWorld AG	46,200		981,296
TOTAL GERMANY			6,899,406
Greece - 1.4%
Public Power Corp. of Greece	147,200		2,476,367

	Shares		Value
Hong Kong - 2.2%
China Mobile (Hong Kong) Ltd. sponsored ADR	43,300		$ 1,947,201
CNOOC Ltd.	2,300,000		1,979,498
TOTAL HONG KONG			3,926,699
India - 2.4%
Bharti Airtel Ltd. (a)	106,349		1,365,763
ICICI Bank Ltd. sponsored ADR (d)	106,200		1,750,176
Infosys Technologies Ltd. sponsored ADR	43,100		1,144,736
TOTAL INDIA			4,260,675
Ireland - 1.2%
CRH PLC sponsored ADR	87,000		2,066,250
Israel - 2.0%
Partner Communications Co. Ltd. ADR	61,200		945,540
Teva Pharmaceutical Industries Ltd. sponsored ADR	62,700		2,598,915
TOTAL ISRAEL			3,544,455
Italy - 2.0%
Intesa Sanpaolo SpA	589,100		1,864,821
UniCredit SpA	1,017,700		1,800,693
TOTAL ITALY			3,665,514
Japan - 16.6%
Canon Marketing Japan, Inc.	111,700		1,643,498
Canon, Inc. sponsored ADR	51,900		1,399,224
East Japan Railway Co.	28,500		1,932,654
Honda Motor Co. Ltd. sponsored ADR	81,500		1,846,790
Japan Retail Fund Investment Corp.	448		1,970,513
Jupiter Telecommunications Co.	460		434,859
Mitsubishi Corp.	149,000		1,969,019
Mitsubishi UFJ Financial Group, Inc. sponsored ADR	589,642		3,243,031
Mitsui & Co. Ltd.	219,000		2,285,447
NGK Insulators Ltd.	83,000		1,066,741
Nomura Holdings, Inc. sponsored ADR (d)	163,200		1,049,376
NTT DoCoMo, Inc. sponsored ADR	134,600		2,317,812
ORIX Corp.	33,880		1,479,176
Rakuten, Inc.	1,606		946,858
SHIMANO, Inc.	27,500		940,263
Sumitomo Mitsui Financial Group, Inc.	36,900		1,462,478
Terumo Corp.	15,900		539,933
Tokyo Electric Power Co.	64,900		2,029,731
Tsumura & Co.	34,900		1,150,595
TOTAL JAPAN			29,707,998
Luxembourg - 0.5%
SES SA FDR (France) unit	53,100		976,929
Netherlands - 2.8%
Gemalto NV (a)	44,700		1,099,377
Common Stocks - continued
	Shares		Value
Netherlands - continued
Koninklijke Ahold NV	98,900		$ 1,191,637
Unilever NV (NY Shares)	123,463		2,712,482
TOTAL NETHERLANDS			5,003,496
Norway - 0.9%
Renewable Energy Corp. AS (a)(d)	158,000		1,594,071
South Africa - 0.9%
MTN Group Ltd.	162,900		1,547,351
Spain - 2.8%
Grifols SA	91,218		1,609,317
Telefonica SA	193,500		3,430,262
TOTAL SPAIN			5,039,579
Switzerland - 6.3%
Credit Suisse Group sponsored ADR	126,500		3,224,485
Nestle SA (Reg.)	133,300		4,617,631
UBS AG (NY Shares)	278,900		3,472,305
TOTAL SWITZERLAND			11,314,421
Taiwan - 0.8%
HTC Corp.	158,000		1,492,014
United Kingdom - 16.6%
Barclays PLC Sponsored ADR (d)	409,600		2,338,816
BG Group PLC	176,200		2,427,846
BHP Billiton PLC	216,012		3,698,205
British American Tobacco PLC (United Kingdom)	95,200		2,611,180
Imperial Tobacco Group PLC	78,400		2,151,443
Informa PLC	293,500		1,020,070
Man Group PLC	591,200		1,767,631
Prudential PLC	374,700		1,811,518
Randgold Resources Ltd. sponsored ADR	23,000		1,022,580
Reckitt Benckiser Group PLC	48,000		1,861,351
Rio Tinto PLC (Reg.)	92,500		1,988,433
Standard Chartered PLC (United Kingdom)	177,100		2,248,981
Vedanta Resources PLC	202,700		1,624,958
Vodafone Group PLC sponsored ADR	170,800		3,175,172
TOTAL UNITED KINGDOM			29,748,184
United States of America - 6.4%
Citigroup, Inc.	484,200		1,718,910
D.R. Horton, Inc.	176,300		1,050,748
First Solar, Inc. (a)	7,900		1,128,120
Goldman Sachs Group, Inc.	28,400		2,292,732
Meritage Homes Corp. (a)	171,004		1,884,464
Morgan Stanley	119,500		2,417,485
Visa, Inc.	18,200		898,170
TOTAL UNITED STATES OF AMERICA			11,390,629
TOTAL COMMON STOCKS (Cost $213,974,054)		168,035,723
Nonconvertible Preferred Stocks - 0.5%
	Shares		Value
Italy - 0.5%
Fiat SpA (Risparmio Shares) (Cost $1,215,196)	257,600		$ 928,402

Nonconvertible Bonds - 1.7%
	Principal Amount
Luxembourg - 1.7%
Evraz Group SA 8.875% 4/24/13 (e)	$ 2,030,000		1,238,300
TNK-BP Finance SA 7.5% 3/13/13 (Reg. S)	860,000		653,600
Vimpel Communications 8.375% 4/30/13 (Issued by VIP Finance Ireland Ltd. for Vimpel Communications) (e)	1,660,000		1,199,350
TOTAL NONCONVERTIBLE BONDS (Cost $2,163,790)		3,091,250

Money Market Funds - 8.0%
	Shares
Fidelity Cash Central Fund, 0.78% (b)	4,289,771		4,289,771
Fidelity Securities Lending Cash Central Fund, 0.71% (b)(c)	10,064,967		10,064,967
TOTAL MONEY MARKET FUNDS (Cost $14,354,738)		14,354,738

TOTAL INVESTMENT PORTFOLIO - 104.1%

(Cost $231,707,778)

186,410,113

NET OTHER ASSETS - (4.1)%		(7,363,339)
NET ASSETS - 100%		$ 179,046,774

Legend

(a) Non-income producing

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

(e) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $ 2,437,650 or 1.4% of net assets.

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	$ 10,355
Fidelity Securities Lending Cash Central Fund	242,874
Total	$ 253,229

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities	$ 186,410,113	$ 141,834,344	$ 44,575,769	$ -

Income Tax Information

At January 31, 2009, the aggregate cost of investment securities for income tax purposes was $241,251,021. Net unrealized depreciation aggregated $54,840,908, of which $10,087,237 related to appreciated investment securities and $64,928,145 related to depreciated investment securities.

Investment Valuation

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. 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. 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.

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® International Discovery Fund

January 31, 2009

1.813016.104

IGI-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 93.5%
	Shares		Value (000s)
Australia - 3.8%
ABB Grain Ltd.	1,537,145		$ 6,397
Billabong International Ltd.	3,022,850		14,009
Commonwealth Bank of Australia	1,505,851		25,588
CSL Ltd.	3,690,381		87,029
National Australia Bank Ltd.	1,365,112		16,102
QBE Insurance Group Ltd.	2,704,042		40,667
Wesfarmers Ltd.	1,573,799		15,300
Woolworths Ltd.	3,270,417		56,928
TOTAL AUSTRALIA			262,020
Belgium - 1.1%
Anheuser-Busch InBev NV	2,937,700		74,884
Brazil - 1.1%
BM&F BOVESPA SA	3,185,694		9,255
Petroleo Brasileiro SA - Petrobras sponsored ADR	714,200		18,712
Vivo Participacoes SA sponsored ADR	3,377,000		47,886
TOTAL BRAZIL			75,853
Canada - 2.0%
Canadian Natural Resources Ltd.	668,100		23,920
Niko Resources Ltd.	498,400		20,508
Open Text Corp. (a)(d)	1,858,400		65,689
Petrobank Energy & Resources Ltd. (a)	813,500		12,874
Talisman Energy, Inc.	1,185,900		11,232
Timminco Ltd. (a)	484,400		1,367
TOTAL CANADA			135,590
Cayman Islands - 0.4%
Belle International Holdings Ltd.	35,100,000		13,994
China Dongxiang Group Co. Ltd.	49,139,000		14,172
TOTAL CAYMAN ISLANDS			28,166
China - 0.6%
BYD Co. Ltd. (H Shares)	2,232,500		4,161
Li Ning Co. Ltd.	5,612,500		7,796
ZTE Corp. (H Shares)	9,367,280		26,661
TOTAL CHINA			38,618
Cyprus - 0.0%
Aisi Realty Public Ltd. (a)(e)	10,023,000		872
Czech Republic - 0.2%
Ceske Energeticke Zavody AS	378,100		13,083
Common Stocks - continued
	Shares		Value (000s)
Denmark - 1.2%
Novo Nordisk AS Series B	1,562,200		$ 83,821
Finland - 0.6%
Nokia Corp. sponsored ADR (d)	3,476,500		42,657
France - 6.2%
Alstom SA	656,812		31,892
AXA SA	3,676,366		57,894
BNP Paribas SA	1,528,339		58,722
Cap Gemini SA	684,300		23,699
Eutelsat Communications	1,581,324		33,861
GDF Suez	1,614,778		62,167
L'Air Liquide SA	61,874		4,518
LVMH Moet Hennessy - Louis Vuitton	272,400		14,928
Orpea (a)	560,828		19,624
Pinault Printemps-Redoute SA	446,700		22,665
Schneider Electric SA	294,800		18,781
Sechilienne-Sidec	182,432		6,799
Societe Generale Series A	976,020		41,174
Vivendi	940,889		24,345
TOTAL FRANCE			421,069
Germany - 7.6%
Allianz AG (Reg.)	552,130		45,992
Bayer AG	203,500		10,841
Bayer AG sponsored ADR	237,840		12,677
Beiersdorf AG	90,350		4,442
Daimler AG (Reg.)	340,400		9,528
Deutsche Boerse AG	367,525		18,586
E.ON AG	3,151,900		101,853
Fresenius Medical Care AG	1,124,200		50,390
GEA Group AG	1,773,100		20,499
Gerresheimer AG	1,207,200		24,729
Linde AG	116,918		7,821
MAN AG	508,300		22,204
Muenchener Rueckversicherungs-Gesellschaft AG (Reg.)	786,000		104,355
RWE AG	440,600		34,337
Siemens AG (Reg.) (d)	645,600		36,192
Wincor Nixdorf AG	256,500		12,226
TOTAL GERMANY			516,672
Greece - 0.4%
Public Power Corp. of Greece	1,609,345		27,074
Common Stocks - continued
	Shares		Value (000s)
Hong Kong - 1.3%
Cheung Kong Holdings Ltd.	3,875,000		$ 35,754
China Unicom Hong Kong Ltd.	31,256,000		28,852
Hang Seng Bank Ltd.	2,183,600		26,291
TOTAL HONG KONG			90,897
India - 0.8%
Bharti Airtel Ltd. (a)	1,340,000		17,209
Infosys Technologies Ltd.	718,452		18,883
Titan Industries Ltd.	800,000		14,825
TOTAL INDIA			50,917
Indonesia - 0.2%
PT Indosat Tbk	24,300,500		11,914
Ireland - 0.3%
Paddy Power PLC (Ireland)	1,445,597		20,174
Israel - 0.9%
Nice Systems Ltd. sponsored ADR (a)	918,700		17,630
Teva Pharmaceutical Industries Ltd. sponsored ADR	1,085,700		45,002
TOTAL ISRAEL			62,632
Italy - 1.8%
ENI SpA	3,210,300		67,897
Fiat SpA	3,091,100		15,177
Finmeccanica SpA	1,232,600		19,363
Prysmian SpA	1,016,400		12,883
UniCredit SpA	5,114,800		9,050
TOTAL ITALY			124,370
Japan - 17.0%
Asics Corp.	3,914,000		29,135
Canon Marketing Japan, Inc.	2,296,500		33,790
Canon, Inc.	1,697,450		46,319
Daiwa Securities Group, Inc.	5,423,000		29,949
East Japan Railway Co.	644,600		43,712
Eisai Co. Ltd.	609,500		22,265
Fanuc Ltd.	285,700		16,932
Fast Retailing Co. Ltd.	134,400		16,950
Honda Motor Co. Ltd.	1,446,700		33,250
Japan Tobacco, Inc.	5,600		16,102
Konica Minolta Holdings, Inc.	2,130,500		16,592
Mitsubishi Corp.	1,640,800		21,683
Mitsubishi UFJ Financial Group, Inc.	21,634,400		120,020
Common Stocks - continued
	Shares		Value (000s)
Japan - continued
Mitsui & Co. Ltd.	2,244,000		$ 23,418
Nichi-iko Pharmaceutical Co. Ltd.	268,400		8,998
Nintendo Co. Ltd.	73,150		21,301
Nippon Building Fund, Inc.	2,590		27,788
Nippon Telegraph & Telephone Corp.	899,400		43,562
Nitori Co. Ltd.	95,350		6,730
Nomura Holdings, Inc.	9,963,700		64,537
NTT DoCoMo, Inc.	19,908		34,683
Point, Inc.	217,600		9,749
Promise Co. Ltd. (d)	2,253,400		41,360
Rakuten, Inc. (d)	72,690		42,856
Ricoh Co. Ltd.	3,390,000		41,373
Sawai Pharmaceutical Co. Ltd. (d)	160,300		8,396
Seven & i Holdings Co., Ltd.	1,687,300		44,997
Softbank Corp.	1,243,200		19,219
Sony Financial Holdings, Inc.	6,285		20,716
Sumitomo Mitsui Financial Group, Inc.	1,512,200		59,934
THK Co. Ltd.	1,028,600		13,057
Tokio Marine Holdings, Inc.	898,600		23,768
Tokyo Electron Ltd.	1,263,200		46,304
Toyota Motor Corp.	2,939,300		94,557
Tsumura & Co.	507,800		16,741
TOTAL JAPAN			1,160,743
Korea (South) - 0.8%
NHN Corp. (a)	346,842		34,311
Samsung Electronics Co. Ltd.	54,345		18,870
TOTAL KOREA (SOUTH)			53,181
Luxembourg - 1.1%
ArcelorMittal SA (NY Shares) Class A (d)	1,333,000		30,086
SES SA (A Shares) FDR unit	2,399,068		43,001
TOTAL LUXEMBOURG			73,087
Mexico - 0.3%
America Movil SAB de CV Series L sponsored ADR	776,600		22,141
Netherlands - 1.4%
AMG Advanced Metallurgical Group NV (a)(d)	585,100		4,937
ASML Holding NV (Netherlands)	1,149,500		19,009
Gemalto NV (a)(d)	439,000		10,797
Common Stocks - continued
	Shares		Value (000s)
Netherlands - continued
Koninklijke KPN NV	3,516,500		$ 47,048
Royal DSM NV	699,800		16,844
TOTAL NETHERLANDS			98,635
Norway - 0.2%
Pronova BioPharma ASA (a)	4,726,590		13,985
Papua New Guinea - 0.4%
Oil Search Ltd.	8,926,398		24,168
Russia - 0.3%
OAO Gazprom sponsored ADR	1,657,700		21,732
Singapore - 0.2%
Ascendas Real Estate Investment Trust (A-REIT)	7,883,000		7,447
Singapore Exchange Ltd.	2,172,000		7,279
TOTAL SINGAPORE			14,726
South Africa - 0.4%
MTN Group Ltd.	2,739,000		26,017
Spain - 3.8%
Banco Santander SA	3,311,500		26,795
Grifols SA	2,521,104		44,479
Red Electrica Corporacion SA	628,000		25,890
Repsol YPF SA	1,089,200		19,451
Telefonica SA	8,021,700		142,204
TOTAL SPAIN			258,819
Sweden - 0.5%
H&M Hennes & Mauritz AB (B Shares)	891,750		34,523
Switzerland - 10.7%
Actelion Ltd. (Reg.) (a)	1,419,010		77,318
BB BIOTECH AG (d)	354,261		20,922
Credit Suisse Group sponsored ADR	673,000		17,155
EFG International	1,080,908		13,140
Nestle SA (Reg.)	4,519,044		156,544
Novartis AG:
(Reg.)	1,609,626		66,140
sponsored ADR	231,300		9,543
Partners Group Holding	255,836		17,050
Roche Holding AG (participation certificate)	879,208		123,858
Sonova Holding AG	574,683		27,746
Syngenta AG (Switzerland)	317,039		61,312
Tecan Group AG	212,300		7,010
Common Stocks - continued
	Shares		Value (000s)
Switzerland - continued
UBS AG (For. Reg.)	4,517,553		$ 56,651
Zurich Financial Services AG (Reg.)	416,637		75,432
TOTAL SWITZERLAND			729,821
Thailand - 0.2%
Total Access Communication PCL unit	14,109,900		11,726
United Kingdom - 22.7%
Aberdeen Asset Management PLC	21,064,600		39,315
Aegis Group PLC	7,593,391		8,421
Autonomy Corp. PLC (a)	1,836,100		29,119
BAE Systems PLC	8,539,409		49,795
Barclays PLC	7,302,800		10,747
BG Group PLC	2,944,100		40,567
BG Group PLC sponsored ADR	207,400		14,116
BHP Billiton PLC	7,138,900		122,221
BP PLC	6,979,400		49,444
British American Tobacco PLC:
(United Kingdom)	2,556,278		70,115
sponsored ADR	404,500		22,288
Capita Group PLC	4,290,793		43,417
Compass Group PLC	7,841,800		39,020
Diageo PLC	2,314,900		31,070
GlaxoSmithKline PLC sponsored ADR	1,381,600		48,715
HSBC Holdings PLC:
(Hong Kong) (Reg.)	3,704,844		28,974
(United Kingdom) (Reg.)	10,471,200		81,269
Imperial Tobacco Group PLC	1,644,800		45,136
Informa PLC	7,983,600		27,747
Kingfisher PLC	9,273,500		18,700
Man Group PLC	12,753,400		38,131
Misys PLC	7,892,600		13,329
Prudential PLC	6,511,200		31,479
Reckitt Benckiser Group PLC	2,150,400		83,389
Rio Tinto PLC (Reg.)	954,500		20,518
Royal Bank of Scotland Group PLC	10,165,495		3,242
Royal Dutch Shell PLC Class B	7,883,059		187,197
SSL International PLC	6,429,705		46,977
Standard Chartered PLC (United Kingdom)	3,147,373		39,968
Unilever PLC	3,552,700		77,958
Common Stocks - continued
	Shares		Value (000s)
United Kingdom - continued
Vodafone Group PLC	80,550,435		$ 149,655
William Morrison Supermarkets PLC	8,527,400		33,469
TOTAL UNITED KINGDOM			1,545,508
United States of America - 3.0%
Applied Materials, Inc.	1,598,400		14,977
Genentech, Inc. (a)	371,300		30,164
Goldman Sachs Group, Inc.	503,300		40,631
Macquarie Infrastructure Co. LLC	131,000		540
Morgan Stanley	1,672,900		33,843
Philip Morris International, Inc.	910,300		33,818
Visa, Inc.	1,004,900		49,592
TOTAL UNITED STATES OF AMERICA			203,565
TOTAL COMMON STOCKS (Cost $8,946,707)		6,373,660
Nonconvertible Preferred Stocks - 1.3%

Germany - 1.1%
Fresenius SE (non-vtg.)	1,371,100		76,168
Italy - 0.2%
Intesa Sanpaolo SpA	6,761,102		15,235
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $135,122)		91,403

Government Obligations - 0.5%
	Principal Amount (000s)
United States of America - 0.5%
U.S. Treasury Bills, yield at date of purchase 0.01% to 0.11% 2/19/09 to 4/2/09 (f) (Cost $32,232)	$ 32,235	32,227

Money Market Funds - 8.0%
	Shares		Value (000s)
Fidelity Cash Central Fund, 0.78% (b)	422,295,589		$ 422,296
Fidelity Securities Lending Cash Central Fund, 0.71% (b)(c)	121,640,240		121,640
TOTAL MONEY MARKET FUNDS (Cost $543,936)		543,936
TOTAL INVESTMENT PORTFOLIO - 103.3% (Cost $9,657,997)			7,041,226
NET OTHER ASSETS - (3.3)%			(222,578)
NET ASSETS - 100%		$ 6,818,648

Futures Contracts
	Expiration Date	Underlying Face Amount at Value (000s)	Unrealized Appreciation/ (Depreciation) (000s)
Purchased
Equity Index Contracts
1,759 CME Nikkei 225 Index Contracts (Japan)	March 2009	$ 69,437	$ (6,524)
2,070 TOPIX 150 Index Contracts (Japan)	March 2009	182,044	(7,888)
TOTAL EQUITY INDEX CONTRACTS		$ 251,481	$ (14,412)

The face value of futures purchased as a percentage of net assets - 3.7%

Legend

(a) Non-income producing

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

(e) Affiliated company

(f) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At the period end, the value of securities pledged amounted to $32,227,000.

Affiliated Central Funds

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

Fund	Income earned (Amounts in thousands)
Fidelity Cash Central Fund	$ 1,435
Fidelity Securities Lending Cash Central Fund	554
Total	$ 1,989

Other Affiliated Issuers

Affiliate (Amounts in thousands)	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Aisi Realty Public Ltd.	$ 1,469	$ -	$ -	$ -	$ 872

Other Information

The following is a summary of the inputs used, as of January 31, 2009, 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 (Amounts in thousands)	Total	Level 1	Level 2	Level 3
Investments in Securities	$ 7,041,226	$ 3,919,894	$ 3,121,332	$ -
Other Financial Instruments*	$ (14,412)	$ (14,412)	$ -	$ -

*Other financial instruments include Futures Contracts.

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

(Amount in thousands)	Investments in Securities
Beginning Balance	$ 6,158
Total Realized Gain (Loss)	(24,765)
Total Unrealized Gain (Loss)	21,068
Cost of Purchases	-
Proceeds of Sales	(2,461)
Amortization/Accretion	-
Transfer in/out of Level 3	-
Ending Balance	$ -

Income Tax Information

At January 31, 2009, the aggregate cost of investment securities for income tax purposes was $9,684,851,000. Net unrealized depreciation aggregated $2,643,625,000, of which $321,465,000 related to appreciated investment securities and $2,965,090,000 related to depreciated investment securities.

Investment Valuation

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Advisor International
Discovery Fund:
Class A
Class T
Class B
Class C
Institutional Class

January 31, 2009

Class A, Class T, Class B, Class C and
Institutional Class
are classes of Fidelity®
International Discovery Fund

1.844601.102

AIGI-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 93.5%
	Shares		Value (000s)
Australia - 3.8%
ABB Grain Ltd.	1,537,145		$ 6,397
Billabong International Ltd.	3,022,850		14,009
Commonwealth Bank of Australia	1,505,851		25,588
CSL Ltd.	3,690,381		87,029
National Australia Bank Ltd.	1,365,112		16,102
QBE Insurance Group Ltd.	2,704,042		40,667
Wesfarmers Ltd.	1,573,799		15,300
Woolworths Ltd.	3,270,417		56,928
TOTAL AUSTRALIA			262,020
Belgium - 1.1%
Anheuser-Busch InBev NV	2,937,700		74,884
Brazil - 1.1%
BM&F BOVESPA SA	3,185,694		9,255
Petroleo Brasileiro SA - Petrobras sponsored ADR	714,200		18,712
Vivo Participacoes SA sponsored ADR	3,377,000		47,886
TOTAL BRAZIL			75,853
Canada - 2.0%
Canadian Natural Resources Ltd.	668,100		23,920
Niko Resources Ltd.	498,400		20,508
Open Text Corp. (a)(d)	1,858,400		65,689
Petrobank Energy & Resources Ltd. (a)	813,500		12,874
Talisman Energy, Inc.	1,185,900		11,232
Timminco Ltd. (a)	484,400		1,367
TOTAL CANADA			135,590
Cayman Islands - 0.4%
Belle International Holdings Ltd.	35,100,000		13,994
China Dongxiang Group Co. Ltd.	49,139,000		14,172
TOTAL CAYMAN ISLANDS			28,166
China - 0.6%
BYD Co. Ltd. (H Shares)	2,232,500		4,161
Li Ning Co. Ltd.	5,612,500		7,796
ZTE Corp. (H Shares)	9,367,280		26,661
TOTAL CHINA			38,618
Cyprus - 0.0%
Aisi Realty Public Ltd. (a)(e)	10,023,000		872
Czech Republic - 0.2%
Ceske Energeticke Zavody AS	378,100		13,083
Common Stocks - continued
	Shares		Value (000s)
Denmark - 1.2%
Novo Nordisk AS Series B	1,562,200		$ 83,821
Finland - 0.6%
Nokia Corp. sponsored ADR (d)	3,476,500		42,657
France - 6.2%
Alstom SA	656,812		31,892
AXA SA	3,676,366		57,894
BNP Paribas SA	1,528,339		58,722
Cap Gemini SA	684,300		23,699
Eutelsat Communications	1,581,324		33,861
GDF Suez	1,614,778		62,167
L'Air Liquide SA	61,874		4,518
LVMH Moet Hennessy - Louis Vuitton	272,400		14,928
Orpea (a)	560,828		19,624
Pinault Printemps-Redoute SA	446,700		22,665
Schneider Electric SA	294,800		18,781
Sechilienne-Sidec	182,432		6,799
Societe Generale Series A	976,020		41,174
Vivendi	940,889		24,345
TOTAL FRANCE			421,069
Germany - 7.6%
Allianz AG (Reg.)	552,130		45,992
Bayer AG	203,500		10,841
Bayer AG sponsored ADR	237,840		12,677
Beiersdorf AG	90,350		4,442
Daimler AG (Reg.)	340,400		9,528
Deutsche Boerse AG	367,525		18,586
E.ON AG	3,151,900		101,853
Fresenius Medical Care AG	1,124,200		50,390
GEA Group AG	1,773,100		20,499
Gerresheimer AG	1,207,200		24,729
Linde AG	116,918		7,821
MAN AG	508,300		22,204
Muenchener Rueckversicherungs-Gesellschaft AG (Reg.)	786,000		104,355
RWE AG	440,600		34,337
Siemens AG (Reg.) (d)	645,600		36,192
Wincor Nixdorf AG	256,500		12,226
TOTAL GERMANY			516,672
Greece - 0.4%
Public Power Corp. of Greece	1,609,345		27,074
Common Stocks - continued
	Shares		Value (000s)
Hong Kong - 1.3%
Cheung Kong Holdings Ltd.	3,875,000		$ 35,754
China Unicom Hong Kong Ltd.	31,256,000		28,852
Hang Seng Bank Ltd.	2,183,600		26,291
TOTAL HONG KONG			90,897
India - 0.8%
Bharti Airtel Ltd. (a)	1,340,000		17,209
Infosys Technologies Ltd.	718,452		18,883
Titan Industries Ltd.	800,000		14,825
TOTAL INDIA			50,917
Indonesia - 0.2%
PT Indosat Tbk	24,300,500		11,914
Ireland - 0.3%
Paddy Power PLC (Ireland)	1,445,597		20,174
Israel - 0.9%
Nice Systems Ltd. sponsored ADR (a)	918,700		17,630
Teva Pharmaceutical Industries Ltd. sponsored ADR	1,085,700		45,002
TOTAL ISRAEL			62,632
Italy - 1.8%
ENI SpA	3,210,300		67,897
Fiat SpA	3,091,100		15,177
Finmeccanica SpA	1,232,600		19,363
Prysmian SpA	1,016,400		12,883
UniCredit SpA	5,114,800		9,050
TOTAL ITALY			124,370
Japan - 17.0%
Asics Corp.	3,914,000		29,135
Canon Marketing Japan, Inc.	2,296,500		33,790
Canon, Inc.	1,697,450		46,319
Daiwa Securities Group, Inc.	5,423,000		29,949
East Japan Railway Co.	644,600		43,712
Eisai Co. Ltd.	609,500		22,265
Fanuc Ltd.	285,700		16,932
Fast Retailing Co. Ltd.	134,400		16,950
Honda Motor Co. Ltd.	1,446,700		33,250
Japan Tobacco, Inc.	5,600		16,102
Konica Minolta Holdings, Inc.	2,130,500		16,592
Mitsubishi Corp.	1,640,800		21,683
Mitsubishi UFJ Financial Group, Inc.	21,634,400		120,020
Common Stocks - continued
	Shares		Value (000s)
Japan - continued
Mitsui & Co. Ltd.	2,244,000		$ 23,418
Nichi-iko Pharmaceutical Co. Ltd.	268,400		8,998
Nintendo Co. Ltd.	73,150		21,301
Nippon Building Fund, Inc.	2,590		27,788
Nippon Telegraph & Telephone Corp.	899,400		43,562
Nitori Co. Ltd.	95,350		6,730
Nomura Holdings, Inc.	9,963,700		64,537
NTT DoCoMo, Inc.	19,908		34,683
Point, Inc.	217,600		9,749
Promise Co. Ltd. (d)	2,253,400		41,360
Rakuten, Inc. (d)	72,690		42,856
Ricoh Co. Ltd.	3,390,000		41,373
Sawai Pharmaceutical Co. Ltd. (d)	160,300		8,396
Seven & i Holdings Co., Ltd.	1,687,300		44,997
Softbank Corp.	1,243,200		19,219
Sony Financial Holdings, Inc.	6,285		20,716
Sumitomo Mitsui Financial Group, Inc.	1,512,200		59,934
THK Co. Ltd.	1,028,600		13,057
Tokio Marine Holdings, Inc.	898,600		23,768
Tokyo Electron Ltd.	1,263,200		46,304
Toyota Motor Corp.	2,939,300		94,557
Tsumura & Co.	507,800		16,741
TOTAL JAPAN			1,160,743
Korea (South) - 0.8%
NHN Corp. (a)	346,842		34,311
Samsung Electronics Co. Ltd.	54,345		18,870
TOTAL KOREA (SOUTH)			53,181
Luxembourg - 1.1%
ArcelorMittal SA (NY Shares) Class A (d)	1,333,000		30,086
SES SA (A Shares) FDR unit	2,399,068		43,001
TOTAL LUXEMBOURG			73,087
Mexico - 0.3%
America Movil SAB de CV Series L sponsored ADR	776,600		22,141
Netherlands - 1.4%
AMG Advanced Metallurgical Group NV (a)(d)	585,100		4,937
ASML Holding NV (Netherlands)	1,149,500		19,009
Gemalto NV (a)(d)	439,000		10,797
Common Stocks - continued
	Shares		Value (000s)
Netherlands - continued
Koninklijke KPN NV	3,516,500		$ 47,048
Royal DSM NV	699,800		16,844
TOTAL NETHERLANDS			98,635
Norway - 0.2%
Pronova BioPharma ASA (a)	4,726,590		13,985
Papua New Guinea - 0.4%
Oil Search Ltd.	8,926,398		24,168
Russia - 0.3%
OAO Gazprom sponsored ADR	1,657,700		21,732
Singapore - 0.2%
Ascendas Real Estate Investment Trust (A-REIT)	7,883,000		7,447
Singapore Exchange Ltd.	2,172,000		7,279
TOTAL SINGAPORE			14,726
South Africa - 0.4%
MTN Group Ltd.	2,739,000		26,017
Spain - 3.8%
Banco Santander SA	3,311,500		26,795
Grifols SA	2,521,104		44,479
Red Electrica Corporacion SA	628,000		25,890
Repsol YPF SA	1,089,200		19,451
Telefonica SA	8,021,700		142,204
TOTAL SPAIN			258,819
Sweden - 0.5%
H&M Hennes & Mauritz AB (B Shares)	891,750		34,523
Switzerland - 10.7%
Actelion Ltd. (Reg.) (a)	1,419,010		77,318
BB BIOTECH AG (d)	354,261		20,922
Credit Suisse Group sponsored ADR	673,000		17,155
EFG International	1,080,908		13,140
Nestle SA (Reg.)	4,519,044		156,544
Novartis AG:
(Reg.)	1,609,626		66,140
sponsored ADR	231,300		9,543
Partners Group Holding	255,836		17,050
Roche Holding AG (participation certificate)	879,208		123,858
Sonova Holding AG	574,683		27,746
Syngenta AG (Switzerland)	317,039		61,312
Tecan Group AG	212,300		7,010
Common Stocks - continued
	Shares		Value (000s)
Switzerland - continued
UBS AG (For. Reg.)	4,517,553		$ 56,651
Zurich Financial Services AG (Reg.)	416,637		75,432
TOTAL SWITZERLAND			729,821
Thailand - 0.2%
Total Access Communication PCL unit	14,109,900		11,726
United Kingdom - 22.7%
Aberdeen Asset Management PLC	21,064,600		39,315
Aegis Group PLC	7,593,391		8,421
Autonomy Corp. PLC (a)	1,836,100		29,119
BAE Systems PLC	8,539,409		49,795
Barclays PLC	7,302,800		10,747
BG Group PLC	2,944,100		40,567
BG Group PLC sponsored ADR	207,400		14,116
BHP Billiton PLC	7,138,900		122,221
BP PLC	6,979,400		49,444
British American Tobacco PLC:
(United Kingdom)	2,556,278		70,115
sponsored ADR	404,500		22,288
Capita Group PLC	4,290,793		43,417
Compass Group PLC	7,841,800		39,020
Diageo PLC	2,314,900		31,070
GlaxoSmithKline PLC sponsored ADR	1,381,600		48,715
HSBC Holdings PLC:
(Hong Kong) (Reg.)	3,704,844		28,974
(United Kingdom) (Reg.)	10,471,200		81,269
Imperial Tobacco Group PLC	1,644,800		45,136
Informa PLC	7,983,600		27,747
Kingfisher PLC	9,273,500		18,700
Man Group PLC	12,753,400		38,131
Misys PLC	7,892,600		13,329
Prudential PLC	6,511,200		31,479
Reckitt Benckiser Group PLC	2,150,400		83,389
Rio Tinto PLC (Reg.)	954,500		20,518
Royal Bank of Scotland Group PLC	10,165,495		3,242
Royal Dutch Shell PLC Class B	7,883,059		187,197
SSL International PLC	6,429,705		46,977
Standard Chartered PLC (United Kingdom)	3,147,373		39,968
Unilever PLC	3,552,700		77,958
Common Stocks - continued
	Shares		Value (000s)
United Kingdom - continued
Vodafone Group PLC	80,550,435		$ 149,655
William Morrison Supermarkets PLC	8,527,400		33,469
TOTAL UNITED KINGDOM			1,545,508
United States of America - 3.0%
Applied Materials, Inc.	1,598,400		14,977
Genentech, Inc. (a)	371,300		30,164
Goldman Sachs Group, Inc.	503,300		40,631
Macquarie Infrastructure Co. LLC	131,000		540
Morgan Stanley	1,672,900		33,843
Philip Morris International, Inc.	910,300		33,818
Visa, Inc.	1,004,900		49,592
TOTAL UNITED STATES OF AMERICA			203,565
TOTAL COMMON STOCKS (Cost $8,946,707)		6,373,660
Nonconvertible Preferred Stocks - 1.3%

Germany - 1.1%
Fresenius SE (non-vtg.)	1,371,100		76,168
Italy - 0.2%
Intesa Sanpaolo SpA	6,761,102		15,235
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $135,122)		91,403

Government Obligations - 0.5%
	Principal Amount (000s)
United States of America - 0.5%
U.S. Treasury Bills, yield at date of purchase 0.01% to 0.11% 2/19/09 to 4/2/09 (f) (Cost $32,232)	$ 32,235	32,227

Money Market Funds - 8.0%
	Shares		Value (000s)
Fidelity Cash Central Fund, 0.78% (b)	422,295,589		$ 422,296
Fidelity Securities Lending Cash Central Fund, 0.71% (b)(c)	121,640,240		121,640
TOTAL MONEY MARKET FUNDS (Cost $543,936)		543,936
TOTAL INVESTMENT PORTFOLIO - 103.3% (Cost $9,657,997)			7,041,226
NET OTHER ASSETS - (3.3)%			(222,578)
NET ASSETS - 100%		$ 6,818,648

Futures Contracts
	Expiration Date	Underlying Face Amount at Value (000s)	Unrealized Appreciation/ (Depreciation) (000s)
Purchased
Equity Index Contracts
1,759 CME Nikkei 225 Index Contracts (Japan)	March 2009	$ 69,437	$ (6,524)
2,070 TOPIX 150 Index Contracts (Japan)	March 2009	182,044	(7,888)
TOTAL EQUITY INDEX CONTRACTS		$ 251,481	$ (14,412)

The face value of futures purchased as a percentage of net assets - 3.7%

Legend

(a) Non-income producing

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

(e) Affiliated company

(f) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At the period end, the value of securities pledged amounted to $32,227,000.

Affiliated Central Funds

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

Fund	Income earned (Amounts in thousands)
Fidelity Cash Central Fund	$ 1,435
Fidelity Securities Lending Cash Central Fund	554
Total	$ 1,989

Other Affiliated Issuers

Affiliate (Amounts in thousands)	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Aisi Realty Public Ltd.	$ 1,469	$ -	$ -	$ -	$ 872

Other Information

The following is a summary of the inputs used, as of January 31, 2009, 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 (Amounts in thousands)	Total	Level 1	Level 2	Level 3
Investments in Securities	$ 7,041,226	$ 3,919,894	$ 3,121,332	$ -
Other Financial Instruments*	$ (14,412)	$ (14,412)	$ -	$ -

*Other financial instruments include Futures Contracts.

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

(Amount in thousands)	Investments in Securities
Beginning Balance	$ 6,158
Total Realized Gain (Loss)	(24,765)
Total Unrealized Gain (Loss)	21,068
Cost of Purchases	-
Proceeds of Sales	(2,461)
Amortization/Accretion	-
Transfer in/out of Level 3	-
Ending Balance	$ -

Income Tax Information

Investment Valuation

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

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

Quarterly Report

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® International Growth Fund

January 31, 2009

1.863101.101

IGF-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.8%
	Shares		Value
Australia - 5.3%
CSL Ltd.	15,720		$ 370,718
QBE Insurance Group Ltd.	8,461		127,247
Woolworths Ltd.	24,326		423,439
TOTAL AUSTRALIA			921,404
Belgium - 2.3%
Anheuser-Busch InBev NV	13,300		339,027
Anheuser-Busch InBev NV (strip VVPR) (a)	6,400		33
Umicore SA	2,900		54,245
TOTAL BELGIUM			393,305
Bermuda - 0.3%
Ports Design Ltd.	43,000		43,489
Brazil - 1.3%
BM&F BOVESPA SA	13,900		40,382
Companhia Vale do Rio Doce sponsored ADR	4,300		60,673
Petroleo Brasileiro SA - Petrobras sponsored ADR	4,500		117,900
TOTAL BRAZIL			218,955
Canada - 2.5%
Agnico-Eagle Mines Ltd.	5,100		272,505
Canadian Natural Resources Ltd.	800		28,643
Harry Winston Diamond Corp.	9,700		38,615
Petrobank Energy & Resources Ltd. (a)	3,500		55,390
Potash Corp. of Saskatchewan, Inc.	500		37,430
TOTAL CANADA			432,583
Cayman Islands - 0.2%
China Dongxiang Group Co. Ltd.	132,000		38,070
Denmark - 1.4%
Novo Nordisk AS Series B sponsored ADR	3,500		185,955
Vestas Wind Systems AS (a)	1,160		56,664
TOTAL DENMARK			242,619
Finland - 0.9%
Nokia Corp. sponsored ADR	10,000		122,700
Nokian Tyres Ltd.	3,900		38,248
TOTAL FINLAND			160,948
France - 5.9%
Alstom SA	1,310		63,608
Audika SA	2,900		59,777
Common Stocks - continued
	Shares		Value
France - continued
Delachaux SA	709		$ 36,563
GDF Suez	5,902		227,219
Groupe Danone	2,295		118,266
L'Air Liquide SA	600		43,813
Laurent-Perrier Group	590		33,237
Remy Cointreau SA	1,204		32,132
Total SA Series B	8,300		413,594
TOTAL FRANCE			1,028,209
Germany - 3.1%
Bayer AG	2,900		154,493
E.ON AG	3,100		100,176
Linde AG	900		60,206
Siemens AG sponsored ADR	3,900		218,634
TOTAL GERMANY			533,509
Hong Kong - 0.5%
Hong Kong Exchanges & Clearing Ltd.	11,100		95,341
India - 1.1%
Bharti Airtel Ltd. (a)	15,307		196,577
Ireland - 0.5%
CRH PLC sponsored ADR	3,900		92,625
Israel - 1.4%
Partner Communications Co. Ltd. ADR	15,600		241,020
Japan - 14.2%
Denso Corp.	3,700		67,043
East Japan Railway Co.	2,100		142,406
Fanuc Ltd.	1,300		77,046
Japan Retail Fund Investment Corp.	11		48,383
Kansai Electric Power Co., Inc.	7,500		205,572
Keyence Corp.	200		36,378
Kobayashi Pharmaceutical Co. Ltd.	2,300		86,905
Mitsubishi UFJ Financial Group, Inc. sponsored ADR	62,600		344,300
Nagaileben Co. Ltd.	2,800		57,837
NGK Insulators Ltd.	4,000		51,409
Nintendo Co. Ltd.	400		116,480
Nippon Building Fund, Inc.	5		53,645
ORIX Corp.	1,020		44,532
Osaka Securities Exchange Co. Ltd.	12		54,458
Ozeki Co. Ltd.	2,700		77,859
Promise Co. Ltd.	6,300		115,633
Seven & i Holdings Co., Ltd.	3,500		93,339
Common Stocks - continued
	Shares		Value
Japan - continued
Shiseido Co. Ltd.	5,000		$ 84,065
Sony Financial Holdings, Inc.	47		154,916
Sumitomo Mitsui Financial Group, Inc.	5,200		206,094
Tokyo Gas Co. Ltd.	34,000		160,830
Tsumura & Co.	3,000		98,905
Tsutsumi Jewelry Co. Ltd.	1,600		35,187
USS Co. Ltd.	1,310		56,023
TOTAL JAPAN			2,469,245
Korea (South) - 0.3%
NHN Corp. (a)	562		55,596
Mexico - 1.8%
America Movil SAB de CV Series L sponsored ADR	6,200		176,762
Fomento Economico Mexicano SAB de CV sponsored ADR	1,600		45,040
Wal-Mart de Mexico SA de CV Series V	40,900		85,317
TOTAL MEXICO			307,119
Netherlands - 3.1%
ASML Holding NV (NY Shares)	18,400		304,336
Koninklijke KPN NV	5,800		77,599
QIAGEN NV (a)	3,100		53,165
Unilever NV (NY Shares)	4,600		101,062
TOTAL NETHERLANDS			536,162
Papua New Guinea - 0.3%
Lihir Gold Ltd. sponsored ADR (a)	2,500		50,375
Philippines - 0.3%
Jollibee Food Corp.	52,700		44,791
Singapore - 0.3%
Singapore Exchange Ltd.	18,000		60,322
South Africa - 1.7%
African Rainbow Minerals Ltd.	8,839		102,667
MTN Group Ltd.	20,200		191,875
TOTAL SOUTH AFRICA			294,542
Spain - 3.2%
Grifols SA	7,299		128,773
Inditex SA	1,600		61,209
Prosegur Comp Securidad SA (Reg.)	2,000		61,480
Telefonica SA sponsored ADR	5,600		300,216
TOTAL SPAIN			551,678
Common Stocks - continued
	Shares		Value
Sweden - 1.5%
H&M Hennes & Mauritz AB (B Shares)	3,800		$ 147,114
Swedish Match Co.	9,000		121,789
TOTAL SWEDEN			268,903
Switzerland - 15.0%
ABB Ltd. sponsored ADR	4,600		60,030
Actelion Ltd. (Reg.) (a)	2,180		118,783
Bank Sarasin & Co. Ltd. Series B (Reg.)	3,545		85,424
Credit Suisse Group sponsored ADR	2,500		63,725
EFG International	5,140		62,483
Nestle SA (Reg.)	27,679		958,824
Novartis AG sponsored ADR	10,500		433,230
Roche Holding AG (participation certificate)	4,471		629,849
Sonova Holding AG	1,479		71,406
The Swatch Group AG (Reg.)	664		14,827
UBS AG (NY Shares)	9,200		114,540
TOTAL SWITZERLAND			2,613,121
Turkey - 0.7%
Anadolu Efes Biracilik ve Malt Sanyii AS	11,800		79,705
Tupras-Turkiye Petrol Rafinerileri AS	4,500		42,993
TOTAL TURKEY			122,698
United Kingdom - 17.3%
Autonomy Corp. PLC (a)	6,300		99,913
BAE Systems PLC	40,700		237,331
BG Group PLC	22,600		311,404
BHP Billiton PLC ADR	11,100		375,513
Bovis Homes Group PLC	13,300		74,422
BP PLC sponsored ADR	3,400		144,398
British American Tobacco PLC sponsored ADR	2,900		159,790
Centrica PLC	9,775		36,559
Cobham PLC	17,900		55,530
Informa PLC	21,300		74,029
Johnson Matthey PLC	4,300		60,714
Man Group PLC	26,037		77,848
Reckitt Benckiser Group PLC	10,700		414,926
Rio Tinto PLC sponsored ADR	1,050		91,088
Royal Dutch Shell PLC Class A (United Kingdom)	9,300		233,234
Serco Group PLC	50,800		323,473
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Ted Baker PLC	8,500		$ 42,819
Tesco PLC	38,600		200,436
TOTAL UNITED KINGDOM			3,013,427
United States of America - 11.4%
Allergan, Inc.	1,600		60,992
Autoliv, Inc.	1,700		31,263
Berkshire Hathaway, Inc. Class B (a)	120		358,680
CyberSource Corp. (a)	9,500		113,335
Ecolab, Inc.	1,400		47,544
FMC Technologies, Inc. (a)	1,800		53,262
Gilead Sciences, Inc. (a)	2,800		142,156
Goldman Sachs Group, Inc.	700		56,511
JPMorgan Chase & Co.	2,800		71,428
Juniper Networks, Inc. (a)	8,200		116,112
Lululemon Athletica, Inc. (a)	1,400		9,520
MasterCard, Inc. Class A	600		81,468
Mohawk Industries, Inc. (a)	1,700		54,587
Philip Morris International, Inc.	6,600		245,190
Pricesmart, Inc.	8,005		130,482
Varian Semiconductor Equipment Associates, Inc. (a)	3,300		62,832
Visa, Inc.	7,200		355,320
TOTAL UNITED STATES OF AMERICA			1,990,682
TOTAL COMMON STOCKS (Cost $22,475,656)		17,017,315
Investment Companies - 1.0%

United States of America - 1.0%
CurrencyShares Japanese Yen Trust ETF (a) (Cost $178,972)	1,600		177,440
Cash Equivalents - 1.1%
	Maturity Amount		Value
Investments in repurchase agreements in a joint trading account at 0.24%, dated 1/30/09 due 2/2/09 (Collateralized by U.S. Treasury Obligations) # (Cost $195,000)	$ 195,004		$ 195,000
TOTAL INVESTMENT PORTFOLIO - 99.9% (Cost $22,849,628)			17,389,755
NET OTHER ASSETS - 0.1%			9,861
NET ASSETS - 100%		$ 17,399,616

Security Type Abbreviation

ETF - Exchange-Traded Fund

Legend

(a) Non-income producing

# Additional Information on each counterparty to the repurchase agreement is as follows:

Repurchase Agreement / Counterparty	Value
$195,000 due 2/02/09 at 0.24%
J.P. Morgan Securities, Inc.	$ 144,388
UBS Securities LLC	50,612
	$ 195,000

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities	$ 17,389,755	$ 12,950,875	$ 4,438,880	$ -

Income Tax Information

At January 31, 2009, the aggregate cost of investment securities for income tax purposes was $23,407,258. Net unrealized depreciation aggregated $6,017,503, of which $385,122 related to appreciated investment securities and $6,402,625 related to depreciated investment securities.

Investment Valuation

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

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

Quarterly Report

Quarterly Holdings Report

for

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

January 31, 2009

1.863093.101

AIGF-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.8%
	Shares		Value
Australia - 5.3%
CSL Ltd.	15,720		$ 370,718
QBE Insurance Group Ltd.	8,461		127,247
Woolworths Ltd.	24,326		423,439
TOTAL AUSTRALIA			921,404
Belgium - 2.3%
Anheuser-Busch InBev NV	13,300		339,027
Anheuser-Busch InBev NV (strip VVPR) (a)	6,400		33
Umicore SA	2,900		54,245
TOTAL BELGIUM			393,305
Bermuda - 0.3%
Ports Design Ltd.	43,000		43,489
Brazil - 1.3%
BM&F BOVESPA SA	13,900		40,382
Companhia Vale do Rio Doce sponsored ADR	4,300		60,673
Petroleo Brasileiro SA - Petrobras sponsored ADR	4,500		117,900
TOTAL BRAZIL			218,955
Canada - 2.5%
Agnico-Eagle Mines Ltd.	5,100		272,505
Canadian Natural Resources Ltd.	800		28,643
Harry Winston Diamond Corp.	9,700		38,615
Petrobank Energy & Resources Ltd. (a)	3,500		55,390
Potash Corp. of Saskatchewan, Inc.	500		37,430
TOTAL CANADA			432,583
Cayman Islands - 0.2%
China Dongxiang Group Co. Ltd.	132,000		38,070
Denmark - 1.4%
Novo Nordisk AS Series B sponsored ADR	3,500		185,955
Vestas Wind Systems AS (a)	1,160		56,664
TOTAL DENMARK			242,619
Finland - 0.9%
Nokia Corp. sponsored ADR	10,000		122,700
Nokian Tyres Ltd.	3,900		38,248
TOTAL FINLAND			160,948
France - 5.9%
Alstom SA	1,310		63,608
Audika SA	2,900		59,777
Common Stocks - continued
	Shares		Value
France - continued
Delachaux SA	709		$ 36,563
GDF Suez	5,902		227,219
Groupe Danone	2,295		118,266
L'Air Liquide SA	600		43,813
Laurent-Perrier Group	590		33,237
Remy Cointreau SA	1,204		32,132
Total SA Series B	8,300		413,594
TOTAL FRANCE			1,028,209
Germany - 3.1%
Bayer AG	2,900		154,493
E.ON AG	3,100		100,176
Linde AG	900		60,206
Siemens AG sponsored ADR	3,900		218,634
TOTAL GERMANY			533,509
Hong Kong - 0.5%
Hong Kong Exchanges & Clearing Ltd.	11,100		95,341
India - 1.1%
Bharti Airtel Ltd. (a)	15,307		196,577
Ireland - 0.5%
CRH PLC sponsored ADR	3,900		92,625
Israel - 1.4%
Partner Communications Co. Ltd. ADR	15,600		241,020
Japan - 14.2%
Denso Corp.	3,700		67,043
East Japan Railway Co.	2,100		142,406
Fanuc Ltd.	1,300		77,046
Japan Retail Fund Investment Corp.	11		48,383
Kansai Electric Power Co., Inc.	7,500		205,572
Keyence Corp.	200		36,378
Kobayashi Pharmaceutical Co. Ltd.	2,300		86,905
Mitsubishi UFJ Financial Group, Inc. sponsored ADR	62,600		344,300
Nagaileben Co. Ltd.	2,800		57,837
NGK Insulators Ltd.	4,000		51,409
Nintendo Co. Ltd.	400		116,480
Nippon Building Fund, Inc.	5		53,645
ORIX Corp.	1,020		44,532
Osaka Securities Exchange Co. Ltd.	12		54,458
Ozeki Co. Ltd.	2,700		77,859
Promise Co. Ltd.	6,300		115,633
Seven & i Holdings Co., Ltd.	3,500		93,339
Common Stocks - continued
	Shares		Value
Japan - continued
Shiseido Co. Ltd.	5,000		$ 84,065
Sony Financial Holdings, Inc.	47		154,916
Sumitomo Mitsui Financial Group, Inc.	5,200		206,094
Tokyo Gas Co. Ltd.	34,000		160,830
Tsumura & Co.	3,000		98,905
Tsutsumi Jewelry Co. Ltd.	1,600		35,187
USS Co. Ltd.	1,310		56,023
TOTAL JAPAN			2,469,245
Korea (South) - 0.3%
NHN Corp. (a)	562		55,596
Mexico - 1.8%
America Movil SAB de CV Series L sponsored ADR	6,200		176,762
Fomento Economico Mexicano SAB de CV sponsored ADR	1,600		45,040
Wal-Mart de Mexico SA de CV Series V	40,900		85,317
TOTAL MEXICO			307,119
Netherlands - 3.1%
ASML Holding NV (NY Shares)	18,400		304,336
Koninklijke KPN NV	5,800		77,599
QIAGEN NV (a)	3,100		53,165
Unilever NV (NY Shares)	4,600		101,062
TOTAL NETHERLANDS			536,162
Papua New Guinea - 0.3%
Lihir Gold Ltd. sponsored ADR (a)	2,500		50,375
Philippines - 0.3%
Jollibee Food Corp.	52,700		44,791
Singapore - 0.3%
Singapore Exchange Ltd.	18,000		60,322
South Africa - 1.7%
African Rainbow Minerals Ltd.	8,839		102,667
MTN Group Ltd.	20,200		191,875
TOTAL SOUTH AFRICA			294,542
Spain - 3.2%
Grifols SA	7,299		128,773
Inditex SA	1,600		61,209
Prosegur Comp Securidad SA (Reg.)	2,000		61,480
Telefonica SA sponsored ADR	5,600		300,216
TOTAL SPAIN			551,678
Common Stocks - continued
	Shares		Value
Sweden - 1.5%
H&M Hennes & Mauritz AB (B Shares)	3,800		$ 147,114
Swedish Match Co.	9,000		121,789
TOTAL SWEDEN			268,903
Switzerland - 15.0%
ABB Ltd. sponsored ADR	4,600		60,030
Actelion Ltd. (Reg.) (a)	2,180		118,783
Bank Sarasin & Co. Ltd. Series B (Reg.)	3,545		85,424
Credit Suisse Group sponsored ADR	2,500		63,725
EFG International	5,140		62,483
Nestle SA (Reg.)	27,679		958,824
Novartis AG sponsored ADR	10,500		433,230
Roche Holding AG (participation certificate)	4,471		629,849
Sonova Holding AG	1,479		71,406
The Swatch Group AG (Reg.)	664		14,827
UBS AG (NY Shares)	9,200		114,540
TOTAL SWITZERLAND			2,613,121
Turkey - 0.7%
Anadolu Efes Biracilik ve Malt Sanyii AS	11,800		79,705
Tupras-Turkiye Petrol Rafinerileri AS	4,500		42,993
TOTAL TURKEY			122,698
United Kingdom - 17.3%
Autonomy Corp. PLC (a)	6,300		99,913
BAE Systems PLC	40,700		237,331
BG Group PLC	22,600		311,404
BHP Billiton PLC ADR	11,100		375,513
Bovis Homes Group PLC	13,300		74,422
BP PLC sponsored ADR	3,400		144,398
British American Tobacco PLC sponsored ADR	2,900		159,790
Centrica PLC	9,775		36,559
Cobham PLC	17,900		55,530
Informa PLC	21,300		74,029
Johnson Matthey PLC	4,300		60,714
Man Group PLC	26,037		77,848
Reckitt Benckiser Group PLC	10,700		414,926
Rio Tinto PLC sponsored ADR	1,050		91,088
Royal Dutch Shell PLC Class A (United Kingdom)	9,300		233,234
Serco Group PLC	50,800		323,473
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Ted Baker PLC	8,500		$ 42,819
Tesco PLC	38,600		200,436
TOTAL UNITED KINGDOM			3,013,427
United States of America - 11.4%
Allergan, Inc.	1,600		60,992
Autoliv, Inc.	1,700		31,263
Berkshire Hathaway, Inc. Class B (a)	120		358,680
CyberSource Corp. (a)	9,500		113,335
Ecolab, Inc.	1,400		47,544
FMC Technologies, Inc. (a)	1,800		53,262
Gilead Sciences, Inc. (a)	2,800		142,156
Goldman Sachs Group, Inc.	700		56,511
JPMorgan Chase & Co.	2,800		71,428
Juniper Networks, Inc. (a)	8,200		116,112
Lululemon Athletica, Inc. (a)	1,400		9,520
MasterCard, Inc. Class A	600		81,468
Mohawk Industries, Inc. (a)	1,700		54,587
Philip Morris International, Inc.	6,600		245,190
Pricesmart, Inc.	8,005		130,482
Varian Semiconductor Equipment Associates, Inc. (a)	3,300		62,832
Visa, Inc.	7,200		355,320
TOTAL UNITED STATES OF AMERICA			1,990,682
TOTAL COMMON STOCKS (Cost $22,475,656)		17,017,315
Investment Companies - 1.0%

United States of America - 1.0%
CurrencyShares Japanese Yen Trust ETF (a) (Cost $178,972)	1,600		177,440
Cash Equivalents - 1.1%
	Maturity Amount		Value
Investments in repurchase agreements in a joint trading account at 0.24%, dated 1/30/09 due 2/2/09 (Collateralized by U.S. Treasury Obligations) # (Cost $195,000)	$ 195,004		$ 195,000
TOTAL INVESTMENT PORTFOLIO - 99.9% (Cost $22,849,628)			17,389,755
NET OTHER ASSETS - 0.1%			9,861
NET ASSETS - 100%		$ 17,399,616

Security Type Abbreviation

ETF - Exchange-Traded Fund

Legend

(a) Non-income producing

# Additional Information on each counterparty to the repurchase agreement is as follows:

Repurchase Agreement / Counterparty	Value
$195,000 due 2/02/09 at 0.24%
J.P. Morgan Securities, Inc.	$ 144,388
UBS Securities LLC	50,612
	$ 195,000

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities	$ 17,389,755	$ 12,950,875	$ 4,438,880	$ -

Income Tax Information

Investment Valuation

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

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

Quarterly Report

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® International Small Cap Fund

January 31, 2009

1.813082.104

ISC-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 91.9%
	Shares		Value (000s)
Australia - 7.9%
AGL Energy Ltd.	41,046		$ 378
Allied Gold Ltd. (a)	1,000,000		214
Allied Gold Ltd. (United Kingdom) (a)	5,974,800		1,429
Ansell Ltd.	468,802		3,014
APA Group unit	753,550		1,428
Billabong International Ltd.	52,462		243
Centamin Egypt Ltd. (a)	5,789,864		3,525
Centennial Coal Co. Ltd.	905,473		1,581
Coal of Africa Ltd. (a)	2,716,204		1,437
Coca-Cola Amatil Ltd.	60,963		351
CopperCo Ltd. (a)	3,342,244		0
David Jones Ltd.	1,228,763		1,775
Dominos Pizza Enterprises Ltd.	186,023		334
Energy Resources of Australia Ltd.	29,974		361
Healthscope Ltd.	210,069		568
Invocare Ltd.	317,832		996
Iress Market Technology Ltd. (d)	319,947		1,047
JB Hi-Fi Ltd. (d)	246,857		1,440
Macquarie Airports unit	520,928		747
Metcash Ltd.	884,235		2,338
Monto Minerals Ltd. (a)	8,206,552		0
Monto Minerals Ltd. warrants 5/25/09 (a)	1,485,934		0
Navitas Ltd.	1,655,222		2,302
Nufarm Ltd.	125,830		889
Origin Energy Ltd.	134,759		1,188
Paladin Energy Ltd. (a)(d)	302,200		574
Qantas Airways Ltd.	230,988		354
QBE Insurance Group Ltd.	172,295		2,591
Ramsay Health Care Ltd.	99,878		634
SAI Global Ltd. (d)	623,955		1,003
Seek Ltd. (d)	428,872		802
Sigma Pharmaceuticals Ltd.	783,310		593
Sonic Healthcare Ltd.	40,015		350
Tassal Group Ltd.	1,122,939		1,421
Tattersall's Ltd.	845,679		1,526
Tianshan Goldfields Ltd. (a)	944,712		39
United Group Ltd.	280,367		1,401
WorleyParsons Ltd.	30,013		280
Wotif.com Holdings Ltd.	212,648		428
TOTAL AUSTRALIA			39,581
Common Stocks - continued
	Shares		Value (000s)
Austria - 0.6%
Andritz AG	102,500		$ 3,058
Belgium - 0.2%
Hansen Transmission International NV (a)	500,100		768
Bermuda - 1.6%
Oakley Capital Investments Ltd. (a)	1,458,000		1,205
Pacific Basin Shipping Ltd.	2,683,000		1,376
Peace Mark Holdings Ltd.	788,000		0
PureCircle Ltd. (a)	616,000		1,692
Seadrill Ltd.	133,600		1,115
Vtech Holdings Ltd.	736,000		2,816
Zambezi Resources Ltd.:
CDI (a)	2,184,593		28
warrants 8/31/09 (a)	108,686		0
TOTAL BERMUDA			8,232
British Virgin Islands - 1.1%
Albidon Ltd. unit (a)	1,469,000		128
Kalahari Energy (a)(f)	1,451,000		1,814
Playtech Ltd. (d)	701,322		3,772
TOTAL BRITISH VIRGIN ISLANDS			5,714
Canada - 1.7%
AirSea Lines (f)	1,893,338		182
AirSea Lines warrants 8/4/11 (a)(f)	1,862,300		0
European Goldfields Ltd. (a)	966,800		2,484
Red Back Mining, Inc. (a)	742,600		4,774
Rock Well Petroleum, Inc. (a)(f)	770,400		0
Starfield Resources, Inc. (a)	4,328,075		830
TOTAL CANADA			8,270
Cayman Islands - 0.5%
China Huiyuan Juice Group Ltd.	271,500		353
International Consolidated Minerals, Inc. (a)	852,927		278
New World China Land Ltd.	2,217,600		553
Orchid Developments Group Ltd. (a)	1,211,000		1,132
Stella International Holdings Ltd.	134,000		116
Yip's Chemical Holdings Ltd.	734,000		190
TOTAL CAYMAN ISLANDS			2,622
China - 0.3%
BYD Co. Ltd. (H Shares)	111,000		207
Common Stocks - continued
	Shares		Value (000s)
China - continued
Shandong Chenming Paper Holdings Ltd. (B Shares)	499,200		$ 214
Yantai Changyu Pioneer Wine Co. (B Shares)	254,510		960
TOTAL CHINA			1,381
Cyprus - 1.1%
Buried Hill Energy (Cyprus) PCL (a)(f)	1,947,000		4,906
Mirland Development Corp. PLC (a)	800,700		575
TOTAL CYPRUS			5,481
Denmark - 0.9%
Genmab AS (a)	12,345		517
Vestas Wind Systems AS (a)	83,500		4,079
TOTAL DENMARK			4,596
Egypt - 0.2%
Talaat Moustafa Group Holding (a)	1,669,700		864
Finland - 0.4%
Nokian Tyres Ltd. (d)	222,740		2,184
France - 6.8%
Adenclassifieds SA (a)	102,500		1,968
Altamir Amboise (d)	311,100		908
April Group	84,200		2,720
Audika SA	78,300		1,614
Boursorama (a)	165,300		1,048
Delachaux SA (d)	55,900		2,883
Devoteam SA	41,900		563
Iliad Group SA	46,600		3,884
Ingenico SA	144,000		2,396
Laurent-Perrier Group	8,460		477
LeGuide.com SA (a)	96,800		1,698
Maisons France Confort	48,000		885
Meetic (a)(d)	251,300		4,469
Sartorius Stedim Biotech	62,600		1,213
SeLoger.com (a)(d)	139,000		2,401
SR Teleperformance SA	109,300		3,004
Vilmorin & Cie (d)	18,910		2,101
TOTAL FRANCE			34,232
Germany - 5.9%
Biotest AG	1,902		102
CTS Eventim AG (d)	100,400		3,252
Delticom AG	53,200		2,773
Common Stocks - continued
	Shares		Value (000s)
Germany - continued
Fresenius Medical Care AG & Co. KGaA	115,410		$ 5,173
Gerresheimer AG	91,400		1,872
KROMI Logistik AG (a)	126,500		794
Open Business Club AG (a)	45,000		1,757
Q-Cells SE (a)(d)	73,100		1,797
Rational AG (d)	27,500		2,341
SMA Solar Technology AG	55,500		2,152
Solarvalue AG	96,800		74
STRATEC Biomedical Systems AG	100,200		1,552
United Internet AG	345,300		2,515
Vossloh AG	16,900		1,706
Wirecard AG	277,950		1,584
TOTAL GERMANY			29,444
Greece - 0.4%
Babis Vovos International Technical SA (a)	159,500		1,082
Jumbo SA	169,800		1,030
TOTAL GREECE			2,112
Hong Kong - 2.3%
Cafe de Coral Holdings Ltd.	1,404,000		2,707
Champion (REIT)	5,121,000		1,266
First Pacific Co. Ltd.	1,686,000		606
Melco International Development Ltd.	3,535,000		1,014
Midland Holdings Ltd.	2,614,000		771
Prosperity (REIT)	1,329,000		153
Sa Sa International Holdings Ltd.	2,010,000		539
Shaw Brothers (Hong Kong) Ltd.	93,000		155
Shun Tak Holdings Ltd.	7,554,000		2,741
SmarTone Telecommunications Holdings Ltd.	504,500		386
Techtronic Industries Co. Ltd.	980,000		321
Texwinca Holdings Ltd.	1,022,000		437
Transport International Holdings Ltd.	89,600		208
TOTAL HONG KONG			11,304
Ireland - 0.2%
Kenmare Resources PLC (a)	1,165,900		158
Kenmare Resources PLC warrants 7/23/09 (a)	1,712,500		37
Paddy Power PLC (Ireland)	54,700		763
Vimio PLC (a)	867,300		0
TOTAL IRELAND			958
Common Stocks - continued
	Shares		Value (000s)
Italy - 0.2%
Seldovia Native Association, Inc. (SNAI) (a)	351,590		$ 923
Teleunit SpA (a)(e)	12,312,258		202
TOTAL ITALY			1,125
Japan - 29.5%
Aioi Insurance Co. Ltd.	476,000		2,326
Air Water, Inc.	280,000		2,261
Airport Facilities Co. Ltd.	168,800		967
Ajinomoto Co., Inc.	171,000		1,473
ARCS Co. Ltd.	130,700		2,139
Arnest One Corp. (d)	364,300		466
C. Uyemura & Co. Ltd.	51,200		1,108
Central Glass Co. Ltd.	130,000		474
Chiba Bank Ltd.	213,000		1,195
Create SD Co. Ltd.	60,800		1,224
Culture Convenience Club Co. Ltd. (d)	115,500		1,077
Daicel Chemical Industries Ltd.	379,000		1,666
Daihen Corp. (d)	816,000		3,204
Daikin Industries Ltd.	16,700		383
Dainippon Screen Manufacturing Co. Ltd.	298,000		524
Daiseki Co. Ltd. (d)	75,930		1,163
Don Quijote Co. Ltd. (d)	101,600		1,605
eAccess Ltd. (d)	2,911		1,974
EPS Co. Ltd. (d)	850		3,646
FamilyMart Co. Ltd.	68,900		2,517
Ferrotec Corp.	33,100		382
FreeBit Co., Ltd. (d)	233		1,008
Fuji Oil Co. Ltd.	157,600		1,948
Furuno Electric Co. Ltd.	93,000		552
Green Hospital Supply, Inc. (a)(d)	2,215		1,280
Hamamatsu Photonics KK	27,400		462
Haseko Corp.	676,500		629
Hisamitsu Pharmaceutical Co., Inc.	13,500		501
Hitachi Construction Machinery Co. Ltd. (d)	34,700		340
Hitachi Metals Ltd.	132,000		680
Hitachi Transport System Ltd.	72,200		894
Hokuto Corp. (d)	46,300		1,224
Ichirokudo Co. Ltd. (a)	736		285
Ichiyoshi Securities Co. Ltd. (d)	97,400		558
Inpex Corp.	278		1,995
Itochu Corp.	195,000		948
Japan Asia Investment Co. Ltd. (d)	659,000		417
Common Stocks - continued
	Shares		Value (000s)
Japan - continued
Jupiter Telecommunications Co.	3,946		$ 3,730
kabu.com Securities Co. Ltd.	670		745
Kakaku.com, Inc. (d)	880		3,414
Kandenko Co. Ltd. (d)	82,000		608
Kinki Sharyo Co. Ltd. (d)	244,000		1,133
KOMERI Co. Ltd.	66,700		1,215
Kuraray Co. Ltd.	154,000		1,212
McDonald's Holdings Co. (Japan) Ltd.	131,300		2,600
Meiko Electronics Co. Ltd.	68,300		447
Miraca Holdings, Inc.	61,800		1,320
Mitsubishi Rayon Co. Ltd.	617,000		1,479
Mitsubishi UFJ Lease & Finance Co. Ltd.	47,840		1,129
Nabtesco Corp.	61,000		373
Nagaileben Co. Ltd.	7,400		153
Namco Bandai Holdings, Inc.	109,500		1,094
NGK Insulators Ltd.	37,000		476
Nichi-iko Pharmaceutical Co. Ltd.	56,900		1,908
Nihon Kohden Corp.	23,700		442
Nihon M&A Center, Inc. (d)	291		1,235
Nihon Nohyaku Co. Ltd. (d)	376,000		2,495
Nikon Corp.	81,000		843
Nippon Seiki Co. Ltd.	149,000		926
NOF Corp.	236,000		1,043
Nomura Real Estate Residential Fund, Inc.	231		804
NTT Urban Development Co.	1,053		905
Oenon Holdings, Inc.	393,000		986
Pigeon Corp. (d)	48,200		1,207
Point, Inc.	67,310		3,016
Promise Co. Ltd.	22,500		413
R-Tech Ueno Ltd. (d)	70		178
Rengo Co. Ltd. (d)	402,000		2,760
Resona Holdings, Inc. (d)	122,700		1,892
Rohto Pharmaceutical Co. Ltd.	126,000		1,559
Roland DG Corp. (d)	53,600		640
Round One Corp.	152,600		1,338
Saizeriya Co. Ltd. (d)	211,400		2,696
Sankyu, Inc.	407,000		1,276
Santen Pharmaceutical Co. Ltd.	107,700		3,468
Sato Corp.	130,600		1,331
Sec Carbon Ltd.	126,000		429
Sega Sammy Holdings, Inc. (d)	223,500		2,828
Sekisui Chemical Co. Ltd.	245,000		1,364
Common Stocks - continued
	Shares		Value (000s)
Japan - continued
Seven Bank Ltd.	1,219		$ 3,696
Shimadzu Corp.	101,000		611
Shin Nippon Biomedical Laboratories Ltd. (d)	107,600		526
Shin-Kobe Electric Machinery Co. Ltd. (d)	181,000		1,008
Shizuoka Bank Ltd.	149,000		1,554
SHO-BOND Holdings Co. Ltd.	189,900		3,976
So-net M3, Inc. (d)	747		2,719
Sony Financial Holdings, Inc.	827		2,726
SRI Sports Ltd.	722		634
Stanley Electric Co. Ltd.	86,600		836
Start Today Co. Ltd.	373		1,156
Sumitomo Rubber Industries Ltd.	200,800		1,261
Sysmex Corp.	53,400		1,622
Taisei Corp.	210,000		464
Takeei Corp.	87,100		837
Tocalo Co. Ltd.	61,800		581
Tohoku Electric Power Co., Inc.	43,800		1,128
Tokyo Gas Co. Ltd.	235,000		1,112
Tokyo Ohka Kogyo Co. Ltd.	29,100		464
Toto Ltd. (d)	174,000		919
Toyo Kohan Co. Ltd.	118,000		495
Toyo Suisan Kaisha Ltd.	141,000		3,718
Tsumura & Co.	114,900		3,788
Unicharm Petcare Corp.	9,300		308
USJ Co. Ltd. (d)	2,744		1,227
Weathernews, Inc.	24,900		348
Works Applications Co. Ltd.	2,301		1,616
Yamatake Corp.	105,300		1,918
Yokogawa Bridge Holdings Corp.	218,000		2,109
TOTAL JAPAN			147,962
Luxembourg - 0.1%
GlobeOp Financial Services SA	741,785		745
Malaysia - 0.1%
Top Glove Corp. Bhd	380,700		470
Netherlands - 2.0%
Brunel International NV (d)	96,600		1,144
Cryo-Save Group NV (a)	342,600		176
Gemalto NV (a)	77,100		1,896
James Hardie Industries NV unit	475,950		1,167
Common Stocks - continued
	Shares		Value (000s)
Netherlands - continued
QIAGEN NV (a)	282,300		$ 4,850
SMARTRAC NV (a)	49,800		624
TOTAL NETHERLANDS			9,857
New Zealand - 0.4%
Fisher & Paykel Healthcare Corp.	753,068		1,293
The Warehouse Group Ltd.	286,796		535
TOTAL NEW ZEALAND			1,828
Norway - 0.4%
IMAREX NOS ASA (a)	169,600		1,499
Norwegian Property ASA	400,590		306
TOTAL NORWAY			1,805
Papua New Guinea - 0.7%
Lihir Gold Ltd. (a)	750,837		1,490
Oil Search Ltd.	741,069		2,006
TOTAL PAPUA NEW GUINEA			3,496
Singapore - 1.9%
Ascendas Real Estate Investment Trust (A-REIT)	981,000		927
MobileOne Ltd.	609,000		651
Raffles Medical Group Ltd.	2,607,000		1,192
Singapore Post Ltd.	1,313,000		666
SMRT Corp. Ltd.	3,923,000		4,100
Suntec (REIT)	1,498,000		648
Wing Tai Holdings Ltd.	3,145,000		1,434
TOTAL SINGAPORE			9,618
Spain - 1.0%
Grifols SA	91,738		1,618
Laboratorios Almirall SA	159,700		1,337
Laboratorios Farmaceuticos ROVI SA	305,800		2,271
TOTAL SPAIN			5,226
Sweden - 1.4%
Countermine Technologies AB warrants 3/1/10 (a)	1,085,197		30
Elekta AB (B Shares) (d)	332,800		3,788
Intrum Justitia AB	235,600		1,928
Q-Med AB	207,100		767
XCounter AB (a)	1,108,000		490
TOTAL SWEDEN			7,003
Common Stocks - continued
	Shares		Value (000s)
Switzerland - 2.0%
Actelion Ltd. (Reg.) (a)	88,660		$ 4,831
Basilea Pharmaceutica AG (a)	9,770		1,217
Cytos Biotechnology AG (a)	12,787		271
Partners Group Holding	33,660		2,243
VZ Holding AG	48,110		1,472
TOTAL SWITZERLAND			10,034
Thailand - 0.4%
Advanced Info Service PCL (For. Reg.)	391,200		827
C.P. Seven Eleven PCL	691,100		218
Total Access Communication PCL	897,500		717
TOTAL THAILAND			1,762
United Kingdom - 19.3%
Abcam PLC	354,600		2,583
Aberdeen Asset Management PLC	1,528,000		2,852
ACP Capital Ltd.	265,625		37
Advanced Fluid Connections PLC (a)	7,009,687		0
Afren PLC (a)	2,379,850		750
Antisoma PLC (a)	3,747,300		1,521
Appian Technology PLC warrants 7/11/09 (a)(f)	479,045		0
ASOS PLC (a)(d)	1,331,300		5,264
Autonomy Corp. PLC (a)	367,600		5,830
Axis Shield PLC (a)	502,500		2,329
Blinkx PLC (a)	2,063,000		434
Bond International Software PLC	583,666		355
Cadogan Petroleum PLC	1,406,300		367
Camco International Ltd. (a)	1,183,202		274
Celsis International PLC (a)	443,648		1,019
Centurion Electronics PLC (a)(e)	748,299		0
Ceres Power Holdings PLC (a)	469,300		719
China Goldmines PLC (a)	669,353		206
Clerkenwell Ventures PLC (a)	2,023,000		924
Concateno PLC (a)	1,990,000		2,438
Connaught PLC	509,400		2,658
Corac Group PLC (a)	3,979,104		793
Craneware PLC	865,000		2,777
CVS Group PLC (a)	353,900		793
Dana Petroleum PLC (a)	165,155		2,163
Datacash Group PLC	1,360,680		4,843
Enterprise Inns PLC	1,483,600		1,038
European Nickel PLC (a)	3,872,700		124
Common Stocks - continued
	Shares		Value (000s)
United Kingdom - continued
Evolution Group PLC	1,837,200		$ 2,404
Faroe Petroleum PLC (a)	262,500		308
GoIndustry-DoveBid PLC (a)	1,466,500		54
IBS Group Holding Ltd. GDR (Reg. S) (a)	311,000		422
Ideal Shopping Direct PLC	234,592		114
IG Group Holdings PLC	1,300,989		5,479
Inova Holding PLC (a)	1,443,461		0
Intec Telecom Systems PLC (a)	1,837,268		719
Jubilee Platinum PLC (a)	1,657,843		222
Keronite PLC (f)	13,620,267		197
Landround PLC warrants 12/11/09 (a)(f)	166,666		0
Marwyn Value Investors II Ltd. (a)	1,670,000		303
Max Petroleum PLC (a)	2,509,220		91
Michael Page International PLC	404,368		1,281
NCC Group Ltd.	343,715		1,728
Nviro Cleantech PLC (a)	2,175,000		544
Powerleague Group PLC	786,200		325
Pureprofile Media PLC (a)(f)	1,108,572		603
Pursuit Dynamics PLC (a)	761,639		701
Redhall Group PLC	370,000		845
Regenersis PLC (a)	815,000		715
Renewable Energy Generation Ltd.	1,762,500		1,367
RGI International Ltd. (a)	337,500		68
Romag Holdings PLC	527,100		344
Royalblue Group PLC	299,842		2,651
Salamander Energy PLC (a)	272,400		437
SDL PLC (a)	1,230,962		4,818
Serco Group PLC	480,699		3,061
Silverdell PLC (a)	921,000		140
Sinclair Pharma PLC (a)	1,888,371		397
Sphere Medical Holding PLC (a)(f)	420,000		1,035
SR Pharma PLC (a)	3,230,100		1,077
Stem Cell Sciences PLC (a)	375,000		57
SubSea Resources PLC warrants 11/4/09 (a)	1,805,625		0
Synergy Health PLC (d)	418,515		2,427
TMO Biotec (f)	1,000,000		1,007
Toledo Mining Corp. PLC (a)	625,864		81
Triple Plate Junction PLC (a)	527,300		11
Tullow Oil PLC	302,500		3,035
Ukrproduct Group Ltd.	808,100		170
Unite Group PLC	379,010		352
Valiant Petroleum PLC	160,000		620
Common Stocks - continued
	Shares		Value (000s)
United Kingdom - continued
Vectura Group PLC (a)	1,011,260		$ 924
Wellstream Holdings PLC	248,600		1,719
William Hill PLC	732,900		2,507
Xchanging PLC	1,557,400		4,922
York Pharma PLC (a)	751,900		57
YouGov PLC (a)	1,865,154		1,920
Zenergy Power PLC (a)	761,280		1,131
ZincOx Resources PLC (a)	570,100		331
TOTAL UNITED KINGDOM			96,812
United States of America - 0.4%
CTC Media, Inc. (a)	474,000		1,635
Cyberview Technology, Inc. (a)(e)	996,527		0
Frontera Resources Corp. (a)	1,157,200		327
TyraTech, Inc. (a)	191,500		118
XL TechGroup, Inc. (a)	1,329,250		0
TOTAL UNITED STATES OF AMERICA			2,080
TOTAL COMMON STOCKS (Cost $724,916)		460,624
Nonconvertible Preferred Stocks - 1.2%

Germany - 1.2%
Biotest AG (non-vtg.) (Cost $9,984)	123,343		6,167
Investment Companies - 0.1%

United Kingdom - 0.1%
Brookwell Ltd. (e) (Cost $3,644)	1,248,506		724
Money Market Funds - 13.1%
	Shares		Value (000s)
Fidelity Cash Central Fund, 0.78% (b)	32,923,099		$ 32,923
Fidelity Securities Lending Cash Central Fund, 0.71% (b)(c)	32,642,740		32,643
TOTAL MONEY MARKET FUNDS (Cost $65,566)		65,566
TOTAL INVESTMENT PORTFOLIO - 106.3% (Cost $804,110)			533,081
NET OTHER ASSETS - (6.3)%			(31,730)
NET ASSETS - 100%		$ 501,351

Legend

(a) Non-income producing

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

(e) Affiliated company

Additional information on each holding is as follows:

Security	Acquisition Date	Acquisition Cost (000s)
AirSea Lines	8/4/06	$ 1,199
AirSea Lines warrants 8/4/11	8/4/06	$ -
Appian Technology PLC warrants 7/11/09	2/18/05	$ -
Buried Hill Energy (Cyprus) PCL	8/18/06	$ 2,142
Kalahari Energy	9/1/06	$ 1,814
Keronite PLC	8/16/06	$ 1,549
Landround PLC warrants 12/11/09	12/12/06	$ -
Pureprofile Media PLC	5/3/05 - 1/11/06	$ 1,173
Rock Well Petroleum, Inc.	4/13/06	$ 1,004
Sphere Medical Holding PLC	8/27/08	$ 1,310
TMO Biotec	10/27/05	$ 535

Affiliated Central Funds

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

Fund	Income earned (Amounts in thousands)
Fidelity Cash Central Fund	$ 109
Fidelity Securities Lending Cash Central Fund	239
Total	$ 348

Other Affiliated Issuers

Affiliates (Amounts in thousands)	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Brookwell Ltd.	$ 1,451	$ -	$ -	$ 378	$ 724
Centurion Electronics PLC	-	-	-	-	-
CustomVis PLC	201	-	33	-	-
Cyberview Technology, Inc.	-	-	-	-	-
Teleunit SpA	458	-	-	-	202
Total	$ 2,110	$ -	$ 33	$ 378	$ 926

Other Information

The following is a summary of the inputs used, as of January 31, 2009, 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 (Amounts in thousands)	Total	Level 1	Level 2	Level 3
Investments in Securities	$ 533,081	$ 307,468	$ 215,784	$ 9,829

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

(Amounts in thousands)	Investments in Securities
Beginning Balance	$ 14,777
Total Realized Gain (Loss)	(210)
Total Unrealized Gain (Loss)	(2,047)
Cost of Purchases	-
Proceeds of Sales	(3,058)
Amortization/Accretion	-
Transfer in/out of Level 3	367
Ending Balance	$ 9,829

Income Tax Information

At January 31, 2009, the aggregate cost of investment securities for income tax purposes was $810,574,000. Net unrealized depreciation aggregated $277,493,000, of which $33,502,000 related to appreciated investment securities and $310,995,000 related to depreciated investment securities.

Investment Valuation

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Advisor International
Small Cap Fund:
Class A
Class T
Class B
Class C
Institutional Class

January 31, 2009

Class A, Class T, Class B, Class C and
Institutional Class
are classes of Fidelity®
International Small Cap Fund

1.813255.104

AISC-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 91.9%
	Shares		Value (000s)
Australia - 7.9%
AGL Energy Ltd.	41,046		$ 378
Allied Gold Ltd. (a)	1,000,000		214
Allied Gold Ltd. (United Kingdom) (a)	5,974,800		1,429
Ansell Ltd.	468,802		3,014
APA Group unit	753,550		1,428
Billabong International Ltd.	52,462		243
Centamin Egypt Ltd. (a)	5,789,864		3,525
Centennial Coal Co. Ltd.	905,473		1,581
Coal of Africa Ltd. (a)	2,716,204		1,437
Coca-Cola Amatil Ltd.	60,963		351
CopperCo Ltd. (a)	3,342,244		0
David Jones Ltd.	1,228,763		1,775
Dominos Pizza Enterprises Ltd.	186,023		334
Energy Resources of Australia Ltd.	29,974		361
Healthscope Ltd.	210,069		568
Invocare Ltd.	317,832		996
Iress Market Technology Ltd. (d)	319,947		1,047
JB Hi-Fi Ltd. (d)	246,857		1,440
Macquarie Airports unit	520,928		747
Metcash Ltd.	884,235		2,338
Monto Minerals Ltd. (a)	8,206,552		0
Monto Minerals Ltd. warrants 5/25/09 (a)	1,485,934		0
Navitas Ltd.	1,655,222		2,302
Nufarm Ltd.	125,830		889
Origin Energy Ltd.	134,759		1,188
Paladin Energy Ltd. (a)(d)	302,200		574
Qantas Airways Ltd.	230,988		354
QBE Insurance Group Ltd.	172,295		2,591
Ramsay Health Care Ltd.	99,878		634
SAI Global Ltd. (d)	623,955		1,003
Seek Ltd. (d)	428,872		802
Sigma Pharmaceuticals Ltd.	783,310		593
Sonic Healthcare Ltd.	40,015		350
Tassal Group Ltd.	1,122,939		1,421
Tattersall's Ltd.	845,679		1,526
Tianshan Goldfields Ltd. (a)	944,712		39
United Group Ltd.	280,367		1,401
WorleyParsons Ltd.	30,013		280
Wotif.com Holdings Ltd.	212,648		428
TOTAL AUSTRALIA			39,581
Common Stocks - continued
	Shares		Value (000s)
Austria - 0.6%
Andritz AG	102,500		$ 3,058
Belgium - 0.2%
Hansen Transmission International NV (a)	500,100		768
Bermuda - 1.6%
Oakley Capital Investments Ltd. (a)	1,458,000		1,205
Pacific Basin Shipping Ltd.	2,683,000		1,376
Peace Mark Holdings Ltd.	788,000		0
PureCircle Ltd. (a)	616,000		1,692
Seadrill Ltd.	133,600		1,115
Vtech Holdings Ltd.	736,000		2,816
Zambezi Resources Ltd.:
CDI (a)	2,184,593		28
warrants 8/31/09 (a)	108,686		0
TOTAL BERMUDA			8,232
British Virgin Islands - 1.1%
Albidon Ltd. unit (a)	1,469,000		128
Kalahari Energy (a)(f)	1,451,000		1,814
Playtech Ltd. (d)	701,322		3,772
TOTAL BRITISH VIRGIN ISLANDS			5,714
Canada - 1.7%
AirSea Lines (f)	1,893,338		182
AirSea Lines warrants 8/4/11 (a)(f)	1,862,300		0
European Goldfields Ltd. (a)	966,800		2,484
Red Back Mining, Inc. (a)	742,600		4,774
Rock Well Petroleum, Inc. (a)(f)	770,400		0
Starfield Resources, Inc. (a)	4,328,075		830
TOTAL CANADA			8,270
Cayman Islands - 0.5%
China Huiyuan Juice Group Ltd.	271,500		353
International Consolidated Minerals, Inc. (a)	852,927		278
New World China Land Ltd.	2,217,600		553
Orchid Developments Group Ltd. (a)	1,211,000		1,132
Stella International Holdings Ltd.	134,000		116
Yip's Chemical Holdings Ltd.	734,000		190
TOTAL CAYMAN ISLANDS			2,622
China - 0.3%
BYD Co. Ltd. (H Shares)	111,000		207
Common Stocks - continued
	Shares		Value (000s)
China - continued
Shandong Chenming Paper Holdings Ltd. (B Shares)	499,200		$ 214
Yantai Changyu Pioneer Wine Co. (B Shares)	254,510		960
TOTAL CHINA			1,381
Cyprus - 1.1%
Buried Hill Energy (Cyprus) PCL (a)(f)	1,947,000		4,906
Mirland Development Corp. PLC (a)	800,700		575
TOTAL CYPRUS			5,481
Denmark - 0.9%
Genmab AS (a)	12,345		517
Vestas Wind Systems AS (a)	83,500		4,079
TOTAL DENMARK			4,596
Egypt - 0.2%
Talaat Moustafa Group Holding (a)	1,669,700		864
Finland - 0.4%
Nokian Tyres Ltd. (d)	222,740		2,184
France - 6.8%
Adenclassifieds SA (a)	102,500		1,968
Altamir Amboise (d)	311,100		908
April Group	84,200		2,720
Audika SA	78,300		1,614
Boursorama (a)	165,300		1,048
Delachaux SA (d)	55,900		2,883
Devoteam SA	41,900		563
Iliad Group SA	46,600		3,884
Ingenico SA	144,000		2,396
Laurent-Perrier Group	8,460		477
LeGuide.com SA (a)	96,800		1,698
Maisons France Confort	48,000		885
Meetic (a)(d)	251,300		4,469
Sartorius Stedim Biotech	62,600		1,213
SeLoger.com (a)(d)	139,000		2,401
SR Teleperformance SA	109,300		3,004
Vilmorin & Cie (d)	18,910		2,101
TOTAL FRANCE			34,232
Germany - 5.9%
Biotest AG	1,902		102
CTS Eventim AG (d)	100,400		3,252
Delticom AG	53,200		2,773
Common Stocks - continued
	Shares		Value (000s)
Germany - continued
Fresenius Medical Care AG & Co. KGaA	115,410		$ 5,173
Gerresheimer AG	91,400		1,872
KROMI Logistik AG (a)	126,500		794
Open Business Club AG (a)	45,000		1,757
Q-Cells SE (a)(d)	73,100		1,797
Rational AG (d)	27,500		2,341
SMA Solar Technology AG	55,500		2,152
Solarvalue AG	96,800		74
STRATEC Biomedical Systems AG	100,200		1,552
United Internet AG	345,300		2,515
Vossloh AG	16,900		1,706
Wirecard AG	277,950		1,584
TOTAL GERMANY			29,444
Greece - 0.4%
Babis Vovos International Technical SA (a)	159,500		1,082
Jumbo SA	169,800		1,030
TOTAL GREECE			2,112
Hong Kong - 2.3%
Cafe de Coral Holdings Ltd.	1,404,000		2,707
Champion (REIT)	5,121,000		1,266
First Pacific Co. Ltd.	1,686,000		606
Melco International Development Ltd.	3,535,000		1,014
Midland Holdings Ltd.	2,614,000		771
Prosperity (REIT)	1,329,000		153
Sa Sa International Holdings Ltd.	2,010,000		539
Shaw Brothers (Hong Kong) Ltd.	93,000		155
Shun Tak Holdings Ltd.	7,554,000		2,741
SmarTone Telecommunications Holdings Ltd.	504,500		386
Techtronic Industries Co. Ltd.	980,000		321
Texwinca Holdings Ltd.	1,022,000		437
Transport International Holdings Ltd.	89,600		208
TOTAL HONG KONG			11,304
Ireland - 0.2%
Kenmare Resources PLC (a)	1,165,900		158
Kenmare Resources PLC warrants 7/23/09 (a)	1,712,500		37
Paddy Power PLC (Ireland)	54,700		763
Vimio PLC (a)	867,300		0
TOTAL IRELAND			958
Common Stocks - continued
	Shares		Value (000s)
Italy - 0.2%
Seldovia Native Association, Inc. (SNAI) (a)	351,590		$ 923
Teleunit SpA (a)(e)	12,312,258		202
TOTAL ITALY			1,125
Japan - 29.5%
Aioi Insurance Co. Ltd.	476,000		2,326
Air Water, Inc.	280,000		2,261
Airport Facilities Co. Ltd.	168,800		967
Ajinomoto Co., Inc.	171,000		1,473
ARCS Co. Ltd.	130,700		2,139
Arnest One Corp. (d)	364,300		466
C. Uyemura & Co. Ltd.	51,200		1,108
Central Glass Co. Ltd.	130,000		474
Chiba Bank Ltd.	213,000		1,195
Create SD Co. Ltd.	60,800		1,224
Culture Convenience Club Co. Ltd. (d)	115,500		1,077
Daicel Chemical Industries Ltd.	379,000		1,666
Daihen Corp. (d)	816,000		3,204
Daikin Industries Ltd.	16,700		383
Dainippon Screen Manufacturing Co. Ltd.	298,000		524
Daiseki Co. Ltd. (d)	75,930		1,163
Don Quijote Co. Ltd. (d)	101,600		1,605
eAccess Ltd. (d)	2,911		1,974
EPS Co. Ltd. (d)	850		3,646
FamilyMart Co. Ltd.	68,900		2,517
Ferrotec Corp.	33,100		382
FreeBit Co., Ltd. (d)	233		1,008
Fuji Oil Co. Ltd.	157,600		1,948
Furuno Electric Co. Ltd.	93,000		552
Green Hospital Supply, Inc. (a)(d)	2,215		1,280
Hamamatsu Photonics KK	27,400		462
Haseko Corp.	676,500		629
Hisamitsu Pharmaceutical Co., Inc.	13,500		501
Hitachi Construction Machinery Co. Ltd. (d)	34,700		340
Hitachi Metals Ltd.	132,000		680
Hitachi Transport System Ltd.	72,200		894
Hokuto Corp. (d)	46,300		1,224
Ichirokudo Co. Ltd. (a)	736		285
Ichiyoshi Securities Co. Ltd. (d)	97,400		558
Inpex Corp.	278		1,995
Itochu Corp.	195,000		948
Japan Asia Investment Co. Ltd. (d)	659,000		417
Common Stocks - continued
	Shares		Value (000s)
Japan - continued
Jupiter Telecommunications Co.	3,946		$ 3,730
kabu.com Securities Co. Ltd.	670		745
Kakaku.com, Inc. (d)	880		3,414
Kandenko Co. Ltd. (d)	82,000		608
Kinki Sharyo Co. Ltd. (d)	244,000		1,133
KOMERI Co. Ltd.	66,700		1,215
Kuraray Co. Ltd.	154,000		1,212
McDonald's Holdings Co. (Japan) Ltd.	131,300		2,600
Meiko Electronics Co. Ltd.	68,300		447
Miraca Holdings, Inc.	61,800		1,320
Mitsubishi Rayon Co. Ltd.	617,000		1,479
Mitsubishi UFJ Lease & Finance Co. Ltd.	47,840		1,129
Nabtesco Corp.	61,000		373
Nagaileben Co. Ltd.	7,400		153
Namco Bandai Holdings, Inc.	109,500		1,094
NGK Insulators Ltd.	37,000		476
Nichi-iko Pharmaceutical Co. Ltd.	56,900		1,908
Nihon Kohden Corp.	23,700		442
Nihon M&A Center, Inc. (d)	291		1,235
Nihon Nohyaku Co. Ltd. (d)	376,000		2,495
Nikon Corp.	81,000		843
Nippon Seiki Co. Ltd.	149,000		926
NOF Corp.	236,000		1,043
Nomura Real Estate Residential Fund, Inc.	231		804
NTT Urban Development Co.	1,053		905
Oenon Holdings, Inc.	393,000		986
Pigeon Corp. (d)	48,200		1,207
Point, Inc.	67,310		3,016
Promise Co. Ltd.	22,500		413
R-Tech Ueno Ltd. (d)	70		178
Rengo Co. Ltd. (d)	402,000		2,760
Resona Holdings, Inc. (d)	122,700		1,892
Rohto Pharmaceutical Co. Ltd.	126,000		1,559
Roland DG Corp. (d)	53,600		640
Round One Corp.	152,600		1,338
Saizeriya Co. Ltd. (d)	211,400		2,696
Sankyu, Inc.	407,000		1,276
Santen Pharmaceutical Co. Ltd.	107,700		3,468
Sato Corp.	130,600		1,331
Sec Carbon Ltd.	126,000		429
Sega Sammy Holdings, Inc. (d)	223,500		2,828
Sekisui Chemical Co. Ltd.	245,000		1,364
Common Stocks - continued
	Shares		Value (000s)
Japan - continued
Seven Bank Ltd.	1,219		$ 3,696
Shimadzu Corp.	101,000		611
Shin Nippon Biomedical Laboratories Ltd. (d)	107,600		526
Shin-Kobe Electric Machinery Co. Ltd. (d)	181,000		1,008
Shizuoka Bank Ltd.	149,000		1,554
SHO-BOND Holdings Co. Ltd.	189,900		3,976
So-net M3, Inc. (d)	747		2,719
Sony Financial Holdings, Inc.	827		2,726
SRI Sports Ltd.	722		634
Stanley Electric Co. Ltd.	86,600		836
Start Today Co. Ltd.	373		1,156
Sumitomo Rubber Industries Ltd.	200,800		1,261
Sysmex Corp.	53,400		1,622
Taisei Corp.	210,000		464
Takeei Corp.	87,100		837
Tocalo Co. Ltd.	61,800		581
Tohoku Electric Power Co., Inc.	43,800		1,128
Tokyo Gas Co. Ltd.	235,000		1,112
Tokyo Ohka Kogyo Co. Ltd.	29,100		464
Toto Ltd. (d)	174,000		919
Toyo Kohan Co. Ltd.	118,000		495
Toyo Suisan Kaisha Ltd.	141,000		3,718
Tsumura & Co.	114,900		3,788
Unicharm Petcare Corp.	9,300		308
USJ Co. Ltd. (d)	2,744		1,227
Weathernews, Inc.	24,900		348
Works Applications Co. Ltd.	2,301		1,616
Yamatake Corp.	105,300		1,918
Yokogawa Bridge Holdings Corp.	218,000		2,109
TOTAL JAPAN			147,962
Luxembourg - 0.1%
GlobeOp Financial Services SA	741,785		745
Malaysia - 0.1%
Top Glove Corp. Bhd	380,700		470
Netherlands - 2.0%
Brunel International NV (d)	96,600		1,144
Cryo-Save Group NV (a)	342,600		176
Gemalto NV (a)	77,100		1,896
James Hardie Industries NV unit	475,950		1,167
Common Stocks - continued
	Shares		Value (000s)
Netherlands - continued
QIAGEN NV (a)	282,300		$ 4,850
SMARTRAC NV (a)	49,800		624
TOTAL NETHERLANDS			9,857
New Zealand - 0.4%
Fisher & Paykel Healthcare Corp.	753,068		1,293
The Warehouse Group Ltd.	286,796		535
TOTAL NEW ZEALAND			1,828
Norway - 0.4%
IMAREX NOS ASA (a)	169,600		1,499
Norwegian Property ASA	400,590		306
TOTAL NORWAY			1,805
Papua New Guinea - 0.7%
Lihir Gold Ltd. (a)	750,837		1,490
Oil Search Ltd.	741,069		2,006
TOTAL PAPUA NEW GUINEA			3,496
Singapore - 1.9%
Ascendas Real Estate Investment Trust (A-REIT)	981,000		927
MobileOne Ltd.	609,000		651
Raffles Medical Group Ltd.	2,607,000		1,192
Singapore Post Ltd.	1,313,000		666
SMRT Corp. Ltd.	3,923,000		4,100
Suntec (REIT)	1,498,000		648
Wing Tai Holdings Ltd.	3,145,000		1,434
TOTAL SINGAPORE			9,618
Spain - 1.0%
Grifols SA	91,738		1,618
Laboratorios Almirall SA	159,700		1,337
Laboratorios Farmaceuticos ROVI SA	305,800		2,271
TOTAL SPAIN			5,226
Sweden - 1.4%
Countermine Technologies AB warrants 3/1/10 (a)	1,085,197		30
Elekta AB (B Shares) (d)	332,800		3,788
Intrum Justitia AB	235,600		1,928
Q-Med AB	207,100		767
XCounter AB (a)	1,108,000		490
TOTAL SWEDEN			7,003
Common Stocks - continued
	Shares		Value (000s)
Switzerland - 2.0%
Actelion Ltd. (Reg.) (a)	88,660		$ 4,831
Basilea Pharmaceutica AG (a)	9,770		1,217
Cytos Biotechnology AG (a)	12,787		271
Partners Group Holding	33,660		2,243
VZ Holding AG	48,110		1,472
TOTAL SWITZERLAND			10,034
Thailand - 0.4%
Advanced Info Service PCL (For. Reg.)	391,200		827
C.P. Seven Eleven PCL	691,100		218
Total Access Communication PCL	897,500		717
TOTAL THAILAND			1,762
United Kingdom - 19.3%
Abcam PLC	354,600		2,583
Aberdeen Asset Management PLC	1,528,000		2,852
ACP Capital Ltd.	265,625		37
Advanced Fluid Connections PLC (a)	7,009,687		0
Afren PLC (a)	2,379,850		750
Antisoma PLC (a)	3,747,300		1,521
Appian Technology PLC warrants 7/11/09 (a)(f)	479,045		0
ASOS PLC (a)(d)	1,331,300		5,264
Autonomy Corp. PLC (a)	367,600		5,830
Axis Shield PLC (a)	502,500		2,329
Blinkx PLC (a)	2,063,000		434
Bond International Software PLC	583,666		355
Cadogan Petroleum PLC	1,406,300		367
Camco International Ltd. (a)	1,183,202		274
Celsis International PLC (a)	443,648		1,019
Centurion Electronics PLC (a)(e)	748,299		0
Ceres Power Holdings PLC (a)	469,300		719
China Goldmines PLC (a)	669,353		206
Clerkenwell Ventures PLC (a)	2,023,000		924
Concateno PLC (a)	1,990,000		2,438
Connaught PLC	509,400		2,658
Corac Group PLC (a)	3,979,104		793
Craneware PLC	865,000		2,777
CVS Group PLC (a)	353,900		793
Dana Petroleum PLC (a)	165,155		2,163
Datacash Group PLC	1,360,680		4,843
Enterprise Inns PLC	1,483,600		1,038
European Nickel PLC (a)	3,872,700		124
Common Stocks - continued
	Shares		Value (000s)
United Kingdom - continued
Evolution Group PLC	1,837,200		$ 2,404
Faroe Petroleum PLC (a)	262,500		308
GoIndustry-DoveBid PLC (a)	1,466,500		54
IBS Group Holding Ltd. GDR (Reg. S) (a)	311,000		422
Ideal Shopping Direct PLC	234,592		114
IG Group Holdings PLC	1,300,989		5,479
Inova Holding PLC (a)	1,443,461		0
Intec Telecom Systems PLC (a)	1,837,268		719
Jubilee Platinum PLC (a)	1,657,843		222
Keronite PLC (f)	13,620,267		197
Landround PLC warrants 12/11/09 (a)(f)	166,666		0
Marwyn Value Investors II Ltd. (a)	1,670,000		303
Max Petroleum PLC (a)	2,509,220		91
Michael Page International PLC	404,368		1,281
NCC Group Ltd.	343,715		1,728
Nviro Cleantech PLC (a)	2,175,000		544
Powerleague Group PLC	786,200		325
Pureprofile Media PLC (a)(f)	1,108,572		603
Pursuit Dynamics PLC (a)	761,639		701
Redhall Group PLC	370,000		845
Regenersis PLC (a)	815,000		715
Renewable Energy Generation Ltd.	1,762,500		1,367
RGI International Ltd. (a)	337,500		68
Romag Holdings PLC	527,100		344
Royalblue Group PLC	299,842		2,651
Salamander Energy PLC (a)	272,400		437
SDL PLC (a)	1,230,962		4,818
Serco Group PLC	480,699		3,061
Silverdell PLC (a)	921,000		140
Sinclair Pharma PLC (a)	1,888,371		397
Sphere Medical Holding PLC (a)(f)	420,000		1,035
SR Pharma PLC (a)	3,230,100		1,077
Stem Cell Sciences PLC (a)	375,000		57
SubSea Resources PLC warrants 11/4/09 (a)	1,805,625		0
Synergy Health PLC (d)	418,515		2,427
TMO Biotec (f)	1,000,000		1,007
Toledo Mining Corp. PLC (a)	625,864		81
Triple Plate Junction PLC (a)	527,300		11
Tullow Oil PLC	302,500		3,035
Ukrproduct Group Ltd.	808,100		170
Unite Group PLC	379,010		352
Valiant Petroleum PLC	160,000		620
Common Stocks - continued
	Shares		Value (000s)
United Kingdom - continued
Vectura Group PLC (a)	1,011,260		$ 924
Wellstream Holdings PLC	248,600		1,719
William Hill PLC	732,900		2,507
Xchanging PLC	1,557,400		4,922
York Pharma PLC (a)	751,900		57
YouGov PLC (a)	1,865,154		1,920
Zenergy Power PLC (a)	761,280		1,131
ZincOx Resources PLC (a)	570,100		331
TOTAL UNITED KINGDOM			96,812
United States of America - 0.4%
CTC Media, Inc. (a)	474,000		1,635
Cyberview Technology, Inc. (a)(e)	996,527		0
Frontera Resources Corp. (a)	1,157,200		327
TyraTech, Inc. (a)	191,500		118
XL TechGroup, Inc. (a)	1,329,250		0
TOTAL UNITED STATES OF AMERICA			2,080
TOTAL COMMON STOCKS (Cost $724,916)		460,624
Nonconvertible Preferred Stocks - 1.2%

Germany - 1.2%
Biotest AG (non-vtg.) (Cost $9,984)	123,343		6,167
Investment Companies - 0.1%

United Kingdom - 0.1%
Brookwell Ltd. (e) (Cost $3,644)	1,248,506		724
Money Market Funds - 13.1%
	Shares		Value (000s)
Fidelity Cash Central Fund, 0.78% (b)	32,923,099		$ 32,923
Fidelity Securities Lending Cash Central Fund, 0.71% (b)(c)	32,642,740		32,643
TOTAL MONEY MARKET FUNDS (Cost $65,566)		65,566
TOTAL INVESTMENT PORTFOLIO - 106.3% (Cost $804,110)			533,081
NET OTHER ASSETS - (6.3)%			(31,730)
NET ASSETS - 100%		$ 501,351

Legend

(a) Non-income producing

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

(e) Affiliated company

Additional information on each holding is as follows:

Security	Acquisition Date	Acquisition Cost (000s)
AirSea Lines	8/4/06	$ 1,199
AirSea Lines warrants 8/4/11	8/4/06	$ -
Appian Technology PLC warrants 7/11/09	2/18/05	$ -
Buried Hill Energy (Cyprus) PCL	8/18/06	$ 2,142
Kalahari Energy	9/1/06	$ 1,814
Keronite PLC	8/16/06	$ 1,549
Landround PLC warrants 12/11/09	12/12/06	$ -
Pureprofile Media PLC	5/3/05 - 1/11/06	$ 1,173
Rock Well Petroleum, Inc.	4/13/06	$ 1,004
Sphere Medical Holding PLC	8/27/08	$ 1,310
TMO Biotec	10/27/05	$ 535

Affiliated Central Funds

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

Fund	Income earned (Amounts in thousands)
Fidelity Cash Central Fund	$ 109
Fidelity Securities Lending Cash Central Fund	239
Total	$ 348

Other Affiliated Issuers

Affiliates (Amounts in thousands)	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Brookwell Ltd.	$ 1,451	$ -	$ -	$ 378	$ 724
Centurion Electronics PLC	-	-	-	-	-
CustomVis PLC	201	-	33	-	-
Cyberview Technology, Inc.	-	-	-	-	-
Teleunit SpA	458	-	-	-	202
Total	$ 2,110	$ -	$ 33	$ 378	$ 926

Other Information

The following is a summary of the inputs used, as of January 31, 2009, 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 (Amounts in thousands)	Total	Level 1	Level 2	Level 3
Investments in Securities	$ 533,081	$ 307,468	$ 215,784	$ 9,829

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

(Amounts in thousands)	Investments in Securities
Beginning Balance	$ 14,777
Total Realized Gain (Loss)	(210)
Total Unrealized Gain (Loss)	(2,047)
Cost of Purchases	-
Proceeds of Sales	(3,058)
Amortization/Accretion	-
Transfer in/out of Level 3	367
Ending Balance	$ 9,829

Income Tax Information

Investment Valuation

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

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

Quarterly Report

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® International Small Cap
Opportunities Fund

January 31, 2009

1.827842.103

ILS-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.4%
	Shares		Value
Australia - 0.5%
Lion Nathan Ltd.	290,451		$ 1,495,130
Austria - 0.2%
Andritz AG	16,200		483,262
Belgium - 1.0%
Hansen Transmission International NV (a)	564,600		867,581
Umicore SA	103,000		1,926,634
TOTAL BELGIUM			2,794,215
Bermuda - 0.5%
Ports Design Ltd.	1,461,500		1,478,119
Brazil - 0.5%
BM&F BOVESPA SA	494,600		1,436,898
Canada - 5.7%
Agnico-Eagle Mines Ltd.	69,200		3,697,516
Eldorado Gold Corp. (a)	224,600		1,758,910
Fairfax Financial Holdings Ltd.	16,900		5,499,376
Harry Winston Diamond Corp.	355,900		1,416,806
Niko Resources Ltd.	29,300		1,205,606
Petrobank Energy & Resources Ltd. (a)	177,400		2,807,489
TOTAL CANADA			16,385,703
Cayman Islands - 0.5%
China Dongxiang Group Co. Ltd.	4,898,000		1,412,633
China - 0.3%
Li Ning Co. Ltd.	654,000		908,380
Finland - 0.8%
Nokian Tyres Ltd.	59,600		584,503
Outotec Oyj	50,000		710,567
Poyry Oyj	100,000		1,030,642
TOTAL FINLAND			2,325,712
France - 2.0%
Audika SA	92,184		1,900,173
Laurent-Perrier Group (d)	12,200		687,265
Remy Cointreau SA	34,000		907,387
Saft Groupe SA	90,700		2,227,243
TOTAL FRANCE			5,722,068
Germany - 4.0%
Bilfinger Berger AG	35,000		1,489,501
Common Stocks - continued
	Shares		Value
Germany - continued
Software AG (Bearer)	101,800		$ 6,222,171
Vossloh AG	37,600		3,794,819
TOTAL GERMANY			11,506,491
India - 0.8%
Bharti Airtel Ltd. (a)	170,680		2,191,919
Ireland - 0.8%
CRH PLC	49,900		1,162,743
CRH PLC sponsored ADR	10,000		237,500
Kerry Group PLC Class A	44,800		840,286
TOTAL IRELAND			2,240,529
Israel - 1.6%
Partner Communications Co. Ltd. ADR (d)	291,500		4,503,675
Japan - 21.8%
Alpen Co. Ltd.	18,000		359,313
Autobacs Seven Co. Ltd.	57,300		1,535,884
Denso Corp.	50,000		905,981
Dydo Drinco, Inc. (d)	26,900		771,772
FCC Co. Ltd.	44,700		439,995
Glory Ltd.	45,000		772,970
Japan Retail Fund Investment Corp.	734		3,228,475
Kamigumi Co. Ltd.	75,000		594,273
Kenedix Realty Investment Corp.	202		526,467
Kobayashi Pharmaceutical Co. Ltd.	171,600		6,483,859
Mitsubishi UFJ Financial Group, Inc. sponsored ADR	750,900		4,129,950
Nagaileben Co. Ltd.	14,700		303,643
NGK Insulators Ltd.	235,000		3,020,291
Nippon Accommodations Fund, Inc.	164		703,071
Nippon Building Fund, Inc.	160		1,716,636
Nippon Seiki Co. Ltd.	22,000		136,653
Nippon Thompson Co. Ltd.	264,000		1,079,122
Nitta Corp.	28,000		362,352
Ohashi Technica, Inc.	27,200		189,647
ORIX Corp.	21,000		916,844
Osaka Securities Exchange Co. Ltd.	1,426		6,471,472
Ozeki Co. Ltd.	3,100		89,394
Pal Co. Ltd.	19,250		222,961
Promise Co. Ltd. (d)	518,850		9,523,167
SAZABY, Inc.	9,800		143,445
SHO-BOND Holdings Co. Ltd.	76,500		1,601,866
Sony Financial Holdings, Inc.	358		1,180,001
Common Stocks - continued
	Shares		Value
Japan - continued
Temp Holdings Co., Ltd.	133,200		$ 892,401
THK Co. Ltd.	90,000		1,142,446
Toho Pharmaceutical Co. Ltd. (d)	61,900		695,094
Tsumura & Co.	222,500		7,335,455
Tsutsumi Jewelry Co. Ltd.	82,300		1,809,909
USS Co. Ltd.	80,220		3,430,683
TOTAL JAPAN			62,715,492
Korea (South) - 0.6%
NHN Corp. (a)	17,850		1,765,805
Mexico - 1.4%
America Movil SAB de CV Series L sponsored ADR	76,100		2,169,611
Wal-Mart de Mexico SA de CV Series V	940,500		1,961,871
TOTAL MEXICO			4,131,482
Netherlands - 1.9%
ASML Holding NV (NY Shares)	50,700		838,578
QIAGEN NV (a)	269,100		4,615,065
TOTAL NETHERLANDS			5,453,643
Papua New Guinea - 1.0%
Lihir Gold Ltd. sponsored ADR (a)	79,600		1,603,940
Oil Search Ltd.	522,111		1,413,612
TOTAL PAPUA NEW GUINEA			3,017,552
Philippines - 0.5%
Jollibee Food Corp.	1,623,600		1,379,929
Singapore - 1.0%
Singapore Exchange Ltd.	859,000		2,878,692
South Africa - 1.9%
African Rainbow Minerals Ltd.	285,200		3,312,657
MTN Group Ltd.	219,300		2,083,083
TOTAL SOUTH AFRICA			5,395,740
Spain - 4.3%
Grifols SA	438,374		7,734,028
Prosegur Comp Securidad SA (Reg.)	155,600		4,783,144
TOTAL SPAIN			12,517,172
Sweden - 1.9%
Swedish Match Co.	400,200		5,415,539
Common Stocks - continued
	Shares		Value
Switzerland - 7.8%
Actelion Ltd. (Reg.) (a)	73,330		$ 3,995,565
Bank Sarasin & Co. Ltd. Series B (Reg.)	355,403		8,564,112
EFG International	335,524		4,078,704
Sonova Holding AG	118,166		5,705,057
TOTAL SWITZERLAND			22,343,438
Turkey - 1.3%
Anadolu Efes Biracilik ve Malt Sanyii AS	333,000		2,249,315
Tupras-Turkiye Petrol Rafinerileri AS	153,000		1,461,754
TOTAL TURKEY			3,711,069
United Kingdom - 21.0%
Autonomy Corp. PLC (a)	479,000		7,596,543
Begbies Traynor Group PLC	646,600		1,077,945
Bellway PLC	165,000		1,377,747
BG Group PLC	139,700		1,924,916
Bovis Homes Group PLC	867,000		4,851,428
Charter International PLC	145,000		807,691
Cobham PLC	795,000		2,466,290
F&C Asset Management PLC	1,255,707		1,328,845
H&T Group PLC	539,000		1,480,680
Informa PLC	1,200,400		4,172,033
Johnson Matthey PLC	100,300		1,416,195
Man Group PLC	248,600		743,290
Persimmon PLC	335,000		1,402,265
Serco Group PLC	1,682,900		10,716,016
Spirax-Sarco Engineering PLC	617,950		7,475,545
SSL International PLC	741,457		5,417,260
Ted Baker PLC	274,500		1,382,803
Ultra Electronics Holdings PLC	273,969		4,614,989
TOTAL UNITED KINGDOM			60,252,481
United States of America - 11.8%
Advanced Energy Industries, Inc. (a)	585,300		5,255,994
Airgas, Inc.	54,700		1,931,457
Autoliv, Inc.	34,800		639,972
CyberSource Corp. (a)	894,600		10,672,578
FMC Technologies, Inc. (a)	40,500		1,198,395
Juniper Networks, Inc. (a)	62,000		877,920
Mohawk Industries, Inc. (a)(d)	81,400		2,613,754
Pricesmart, Inc.	391,040		6,373,952
Common Stocks - continued
	Shares		Value
United States of America - continued
Varian Semiconductor Equipment Associates, Inc. (a)	11,600		$ 220,864
Visa, Inc.	84,100		4,150,335
TOTAL UNITED STATES OF AMERICA			33,935,221
TOTAL COMMON STOCKS (Cost $289,353,386)		279,797,989
Investment Companies - 1.0%

United States of America - 1.0%
CurrencyShares Japanese Yen Trust ETF (a)(d) (Cost $2,887,105)	26,000		2,883,400
Money Market Funds - 7.1%

Fidelity Cash Central Fund, 0.78% (b)	3,572,129		3,572,129
Fidelity Securities Lending Cash Central Fund, 0.71% (b)(c)	16,842,835		16,842,835
TOTAL MONEY MARKET FUNDS (Cost $20,414,964)		20,414,964
TOTAL INVESTMENT PORTFOLIO - 105.5% (Cost $312,655,455)		303,096,353
NET OTHER ASSETS - (5.5)%		(15,829,179)
NET ASSETS - 100%		$ 287,267,174

Legend

(a) Non-income producing

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

Security Type Abbreviation

ETF - Exchange-Traded Fund

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	$ 13,303
Fidelity Securities Lending Cash Central Fund	219,240
Total	$ 232,543

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities	$ 303,096,353	$ 225,570,781	$ 77,525,572	$ -

Income Tax Information

At January 31, 2009, the aggregate cost of investment securities for income tax purposes was $315,680,513. Net unrealized depreciation aggregated $12,584,160, of which $15,578,850 related to appreciated investment securities and $28,163,010 related to depreciated investment securities.

Investment Valuation

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Advisor International
Small Cap Opportunities Fund
Class A
Class T
Class B
Class C
Institutional Class

January 31, 2009

Class A, Class T, Class B, Class C and
Institutional Class
are classes of Fidelity® International
Small Cap Opportunities Fund

1.829636.103

AILS-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.4%
	Shares		Value
Australia - 0.5%
Lion Nathan Ltd.	290,451		$ 1,495,130
Austria - 0.2%
Andritz AG	16,200		483,262
Belgium - 1.0%
Hansen Transmission International NV (a)	564,600		867,581
Umicore SA	103,000		1,926,634
TOTAL BELGIUM			2,794,215
Bermuda - 0.5%
Ports Design Ltd.	1,461,500		1,478,119
Brazil - 0.5%
BM&F BOVESPA SA	494,600		1,436,898
Canada - 5.7%
Agnico-Eagle Mines Ltd.	69,200		3,697,516
Eldorado Gold Corp. (a)	224,600		1,758,910
Fairfax Financial Holdings Ltd.	16,900		5,499,376
Harry Winston Diamond Corp.	355,900		1,416,806
Niko Resources Ltd.	29,300		1,205,606
Petrobank Energy & Resources Ltd. (a)	177,400		2,807,489
TOTAL CANADA			16,385,703
Cayman Islands - 0.5%
China Dongxiang Group Co. Ltd.	4,898,000		1,412,633
China - 0.3%
Li Ning Co. Ltd.	654,000		908,380
Finland - 0.8%
Nokian Tyres Ltd.	59,600		584,503
Outotec Oyj	50,000		710,567
Poyry Oyj	100,000		1,030,642
TOTAL FINLAND			2,325,712
France - 2.0%
Audika SA	92,184		1,900,173
Laurent-Perrier Group (d)	12,200		687,265
Remy Cointreau SA	34,000		907,387
Saft Groupe SA	90,700		2,227,243
TOTAL FRANCE			5,722,068
Germany - 4.0%
Bilfinger Berger AG	35,000		1,489,501
Common Stocks - continued
	Shares		Value
Germany - continued
Software AG (Bearer)	101,800		$ 6,222,171
Vossloh AG	37,600		3,794,819
TOTAL GERMANY			11,506,491
India - 0.8%
Bharti Airtel Ltd. (a)	170,680		2,191,919
Ireland - 0.8%
CRH PLC	49,900		1,162,743
CRH PLC sponsored ADR	10,000		237,500
Kerry Group PLC Class A	44,800		840,286
TOTAL IRELAND			2,240,529
Israel - 1.6%
Partner Communications Co. Ltd. ADR (d)	291,500		4,503,675
Japan - 21.8%
Alpen Co. Ltd.	18,000		359,313
Autobacs Seven Co. Ltd.	57,300		1,535,884
Denso Corp.	50,000		905,981
Dydo Drinco, Inc. (d)	26,900		771,772
FCC Co. Ltd.	44,700		439,995
Glory Ltd.	45,000		772,970
Japan Retail Fund Investment Corp.	734		3,228,475
Kamigumi Co. Ltd.	75,000		594,273
Kenedix Realty Investment Corp.	202		526,467
Kobayashi Pharmaceutical Co. Ltd.	171,600		6,483,859
Mitsubishi UFJ Financial Group, Inc. sponsored ADR	750,900		4,129,950
Nagaileben Co. Ltd.	14,700		303,643
NGK Insulators Ltd.	235,000		3,020,291
Nippon Accommodations Fund, Inc.	164		703,071
Nippon Building Fund, Inc.	160		1,716,636
Nippon Seiki Co. Ltd.	22,000		136,653
Nippon Thompson Co. Ltd.	264,000		1,079,122
Nitta Corp.	28,000		362,352
Ohashi Technica, Inc.	27,200		189,647
ORIX Corp.	21,000		916,844
Osaka Securities Exchange Co. Ltd.	1,426		6,471,472
Ozeki Co. Ltd.	3,100		89,394
Pal Co. Ltd.	19,250		222,961
Promise Co. Ltd. (d)	518,850		9,523,167
SAZABY, Inc.	9,800		143,445
SHO-BOND Holdings Co. Ltd.	76,500		1,601,866
Sony Financial Holdings, Inc.	358		1,180,001
Common Stocks - continued
	Shares		Value
Japan - continued
Temp Holdings Co., Ltd.	133,200		$ 892,401
THK Co. Ltd.	90,000		1,142,446
Toho Pharmaceutical Co. Ltd. (d)	61,900		695,094
Tsumura & Co.	222,500		7,335,455
Tsutsumi Jewelry Co. Ltd.	82,300		1,809,909
USS Co. Ltd.	80,220		3,430,683
TOTAL JAPAN			62,715,492
Korea (South) - 0.6%
NHN Corp. (a)	17,850		1,765,805
Mexico - 1.4%
America Movil SAB de CV Series L sponsored ADR	76,100		2,169,611
Wal-Mart de Mexico SA de CV Series V	940,500		1,961,871
TOTAL MEXICO			4,131,482
Netherlands - 1.9%
ASML Holding NV (NY Shares)	50,700		838,578
QIAGEN NV (a)	269,100		4,615,065
TOTAL NETHERLANDS			5,453,643
Papua New Guinea - 1.0%
Lihir Gold Ltd. sponsored ADR (a)	79,600		1,603,940
Oil Search Ltd.	522,111		1,413,612
TOTAL PAPUA NEW GUINEA			3,017,552
Philippines - 0.5%
Jollibee Food Corp.	1,623,600		1,379,929
Singapore - 1.0%
Singapore Exchange Ltd.	859,000		2,878,692
South Africa - 1.9%
African Rainbow Minerals Ltd.	285,200		3,312,657
MTN Group Ltd.	219,300		2,083,083
TOTAL SOUTH AFRICA			5,395,740
Spain - 4.3%
Grifols SA	438,374		7,734,028
Prosegur Comp Securidad SA (Reg.)	155,600		4,783,144
TOTAL SPAIN			12,517,172
Sweden - 1.9%
Swedish Match Co.	400,200		5,415,539
Common Stocks - continued
	Shares		Value
Switzerland - 7.8%
Actelion Ltd. (Reg.) (a)	73,330		$ 3,995,565
Bank Sarasin & Co. Ltd. Series B (Reg.)	355,403		8,564,112
EFG International	335,524		4,078,704
Sonova Holding AG	118,166		5,705,057
TOTAL SWITZERLAND			22,343,438
Turkey - 1.3%
Anadolu Efes Biracilik ve Malt Sanyii AS	333,000		2,249,315
Tupras-Turkiye Petrol Rafinerileri AS	153,000		1,461,754
TOTAL TURKEY			3,711,069
United Kingdom - 21.0%
Autonomy Corp. PLC (a)	479,000		7,596,543
Begbies Traynor Group PLC	646,600		1,077,945
Bellway PLC	165,000		1,377,747
BG Group PLC	139,700		1,924,916
Bovis Homes Group PLC	867,000		4,851,428
Charter International PLC	145,000		807,691
Cobham PLC	795,000		2,466,290
F&C Asset Management PLC	1,255,707		1,328,845
H&T Group PLC	539,000		1,480,680
Informa PLC	1,200,400		4,172,033
Johnson Matthey PLC	100,300		1,416,195
Man Group PLC	248,600		743,290
Persimmon PLC	335,000		1,402,265
Serco Group PLC	1,682,900		10,716,016
Spirax-Sarco Engineering PLC	617,950		7,475,545
SSL International PLC	741,457		5,417,260
Ted Baker PLC	274,500		1,382,803
Ultra Electronics Holdings PLC	273,969		4,614,989
TOTAL UNITED KINGDOM			60,252,481
United States of America - 11.8%
Advanced Energy Industries, Inc. (a)	585,300		5,255,994
Airgas, Inc.	54,700		1,931,457
Autoliv, Inc.	34,800		639,972
CyberSource Corp. (a)	894,600		10,672,578
FMC Technologies, Inc. (a)	40,500		1,198,395
Juniper Networks, Inc. (a)	62,000		877,920
Mohawk Industries, Inc. (a)(d)	81,400		2,613,754
Pricesmart, Inc.	391,040		6,373,952
Common Stocks - continued
	Shares		Value
United States of America - continued
Varian Semiconductor Equipment Associates, Inc. (a)	11,600		$ 220,864
Visa, Inc.	84,100		4,150,335
TOTAL UNITED STATES OF AMERICA			33,935,221
TOTAL COMMON STOCKS (Cost $289,353,386)		279,797,989
Investment Companies - 1.0%

United States of America - 1.0%
CurrencyShares Japanese Yen Trust ETF (a)(d) (Cost $2,887,105)	26,000		2,883,400
Money Market Funds - 7.1%

Fidelity Cash Central Fund, 0.78% (b)	3,572,129		3,572,129
Fidelity Securities Lending Cash Central Fund, 0.71% (b)(c)	16,842,835		16,842,835
TOTAL MONEY MARKET FUNDS (Cost $20,414,964)		20,414,964
TOTAL INVESTMENT PORTFOLIO - 105.5% (Cost $312,655,455)		303,096,353
NET OTHER ASSETS - (5.5)%		(15,829,179)
NET ASSETS - 100%		$ 287,267,174

Legend

(a) Non-income producing

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

Security Type Abbreviation

ETF - Exchange-Traded Fund

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	$ 13,303
Fidelity Securities Lending Cash Central Fund	219,240
Total	$ 232,543

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities	$ 303,096,353	$ 225,570,781	$ 77,525,572	$ -

Income Tax Information

Investment Valuation

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

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

Quarterly Report

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® International
Value Fund

January 31, 2009

1.844602.102

FIV-QTLY-0306

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.4%
	Shares		Value
Australia - 2.2%
AMP Ltd.	388,042		$ 1,279,720
Macquarie Airports unit	462,720		663,323
Macquarie Group Ltd. (d)	34,191		546,669
Macquarie Infrastructure Group unit	593,083		593,033
TOTAL AUSTRALIA			3,082,745
Bermuda - 0.7%
Seadrill Ltd.	128,500		1,072,023
Brazil - 1.2%
Petroleo Brasileiro SA - Petrobras sponsored ADR	40,300		1,055,860
Uniao de Bancos Brasileiros SA (Unibanco) GDR	11,379		640,410
TOTAL BRAZIL			1,696,270
Canada - 2.2%
Canadian Natural Resources Ltd.	37,900		1,356,961
First Quantum Minerals Ltd.	25,700		457,248
Petrobank Energy & Resources Ltd. (a)	33,800		534,910
Power Corp. of Canada (sub. vtg.)	13,600		234,645
Royal Bank of Canada	20,700		513,511
TOTAL CANADA			3,097,275
Cayman Islands - 0.8%
Chaoda Modern Agriculture (Holdings) Ltd.	1,537,952		971,128
Subsea 7, Inc. (a)	41,000		214,519
TOTAL CAYMAN ISLANDS			1,185,647
China - 0.6%
China Construction Bank Corp. (H Shares)	493,000		240,451
China Merchants Bank Co. Ltd. (H Shares)	166,000		268,062
Nine Dragons Paper (Holdings) Ltd.	1,087,000		300,836
TOTAL CHINA			809,349
Cyprus - 0.3%
Marfin Popular Bank Public Co.	182,371		413,277
Denmark - 0.1%
Vestas Wind Systems AS (a)	4,500		219,816
Finland - 0.5%
Nokia Corp. sponsored ADR	56,100		688,347
France - 9.2%
AXA SA sponsored ADR (d)	216,500		3,485,650
BNP Paribas SA	53,900		2,070,935
Compagnie de St. Gobain	13,700		466,128
Common Stocks - continued
	Shares		Value
France - continued
GDF Suez	33,989		$ 1,308,530
Pernod Ricard SA	4,591		289,426
Pinault Printemps-Redoute SA	5,600		284,134
Renault SA	9,400		182,448
Societe Generale Series A	12,800		539,979
Total SA:
Series B	5,400		269,085
sponsored ADR (d)	49,700		2,474,066
Unibail-Rodamco	12,072		1,626,026
TOTAL FRANCE			12,996,407
Germany - 13.4%
Allianz AG sponsored ADR (d)	527,900		4,397,407
BASF AG	16,700		485,777
Daimler AG	114,700		3,210,453
E.ON AG	152,700		4,934,466
GEA Group AG	11,600		134,109
GFK AG	21,800		446,569
Muenchener Rueckversicherungs-Gesellschaft AG (Reg.)	35,300		4,686,679
RWE AG	4,400		342,900
Tognum AG	29,900		332,279
TOTAL GERMANY			18,970,639
Greece - 0.6%
Public Power Corp. of Greece	51,600		868,074
Hong Kong - 2.0%
China Overseas Land & Investment Ltd.	468,000		612,054
Swire Pacific Ltd. (A Shares)	340,300		2,197,661
TOTAL HONG KONG			2,809,715
India - 0.1%
Satyam Computer Services Ltd. sponsored ADR	400		760
Suzlon Energy Ltd.	177,784		169,045
TOTAL INDIA			169,805
Ireland - 1.6%
Allied Irish Banks PLC	450,100		645,164
CRH PLC sponsored ADR	68,800		1,634,000
TOTAL IRELAND			2,279,164
Israel - 0.3%
Israel Chemicals Ltd.	69,400		492,836
Common Stocks - continued
	Shares		Value
Italy - 4.1%
ENI SpA sponsored ADR	32,300		$ 1,369,197
Fiat SpA	49,200		241,570
Finmeccanica SpA	73,400		1,153,061
UniCredit SpA	1,740,700		3,079,950
TOTAL ITALY			5,843,778
Japan - 21.4%
Aeon Co. Ltd.	110,200		884,986
Denso Corp.	39,800		721,161
East Japan Railway Co.	24,300		1,647,842
Ibiden Co. Ltd.	13,300		269,105
JSR Corp.	49,500		601,852
Konica Minolta Holdings, Inc.	160,500		1,249,959
Miraca Holdings, Inc.	68,600		1,465,310
Mitsubishi Estate Co. Ltd.	25,000		327,853
Mitsubishi UFJ Financial Group, Inc.	294,000		1,631,003
Mitsui & Co. Ltd.	464,000		4,842,225
NGK Insulators Ltd.	34,000		436,978
Nippon Electric Glass Co. Ltd.	31,000		204,617
Nomura Holdings, Inc.	47,000		304,431
Obic Co. Ltd.	3,880		602,546
ORIX Corp.	27,620		1,205,869
Osaka Gas Co. Ltd.	872,000		3,715,506
Promise Co. Ltd.	32,900		603,859
Sumitomo Corp.	97,000		877,848
Sumitomo Metal Industries Ltd.	330,000		660,336
Takeda Pharmaceutical Co. Ltd.	10,200		477,981
Tokuyama Corp.	184,000		1,096,362
Toyota Motor Corp.	150,800		4,851,229
Xebio Co. Ltd.	51,600		941,967
Yamada Denki Co. Ltd.	12,060		710,595
TOTAL JAPAN			30,331,420
Kazakhstan - 0.2%
JSC Halyk Bank of Kazakhstan unit	140,800		335,104
Korea (South) - 0.2%
Shinhan Financial Group Co. Ltd.	15,390		310,491
Mexico - 0.7%
America Movil SAB de CV Series L sponsored ADR	33,200		946,532
Netherlands - 1.8%
Gemalto NV (a)	25,400		624,702
Heineken NV (Bearer)	15,400		454,468
Common Stocks - continued
	Shares		Value
Netherlands - continued
ING Groep NV (Certificaten Van Aandelen)	40,900		$ 337,524
Koninklijke KPN NV	82,400		1,102,441
TOTAL NETHERLANDS			2,519,135
Norway - 2.7%
DnB Nor ASA	252,100		858,733
Orkla ASA (A Shares)	348,750		2,328,087
Petroleum Geo-Services ASA (a)	195,250		641,130
TOTAL NORWAY			3,827,950
Philippines - 0.9%
Philippine Long Distance Telephone Co. sponsored ADR	29,100		1,287,675
Russia - 0.3%
OAO Gazprom sponsored ADR	33,100		433,941
Singapore - 1.1%
DBS Group Holdings Ltd.	272,000		1,565,938
South Africa - 0.7%
Impala Platinum Holdings Ltd.	82,100		941,307
Spain - 2.7%
Banco Bilbao Vizcaya Argentaria SA sponsored ADR (d)	93,100		864,899
Banco Santander SA	45,600		368,972
Telefonica SA sponsored ADR	47,800		2,562,558
TOTAL SPAIN			3,796,429
Sweden - 0.3%
Telefonaktiebolaget LM Ericsson (B Shares)	53,600		421,598
Switzerland - 8.9%
Credit Suisse Group sponsored ADR	6,000		152,940
EFG International	63,690		774,230
Nestle SA (Reg.)	16,379		567,384
Novartis AG sponsored ADR	9,900		408,474
Roche Holding AG (participation certificate)	29,353		4,135,081
Sonova Holding AG	18,842		909,692
Swiss Life Holding AG	9,690		527,983
Transocean Ltd. (a)	37,739		2,061,304
UBS AG (For. Reg.)	24,566		308,065
Zurich Financial Services AG (Reg.)	15,415		2,790,887
TOTAL SWITZERLAND			12,636,040
Taiwan - 0.2%
Hon Hai Precision Industry Co. Ltd. (Foxconn)	174,000		304,930
Common Stocks - continued
	Shares		Value
Thailand - 0.1%
Total Access Communication PCL unit	216,000		$ 179,513
Turkey - 0.1%
Turkiye Garanti Bankasi AS (a)	82,000		112,274
United Kingdom - 15.2%
Aegis Group PLC	821,800		911,362
Anglo American PLC (United Kingdom)	38,195		700,976
BAE Systems PLC	151,600		884,013
BHP Billiton PLC	23,200		397,193
easyJet PLC (a)	169,400		734,256
HSBC Holdings PLC (United Kingdom) (Reg.)	86,205		669,054
Imperial Tobacco Group PLC	6,300		172,884
Informa PLC	135,400		470,588
Lloyds TSB Group PLC	422,416		555,406
Man Group PLC	534,800		1,599,000
Misys PLC	439,600		742,415
National Grid PLC	30,100		282,751
Prudential PLC	313,428		1,515,294
Rio Tinto PLC (Reg.)	26,100		561,061
Royal Bank of Scotland Group PLC	2,407,281		767,737
Royal Dutch Shell PLC Class A sponsored ADR (d)	105,700		5,203,609
Standard Chartered PLC (United Kingdom)	60,450		767,651
Tesco PLC	44,100		228,996
Vodafone Group PLC	372,400		691,883
Vodafone Group PLC sponsored ADR	195,812		3,640,145
TOTAL UNITED KINGDOM			21,496,274
TOTAL COMMON STOCKS (Cost $258,611,634)		138,141,718
Nonconvertible Preferred Stocks - 1.0%

Germany - 0.1%
ProSiebenSat.1 Media AG	89,600		196,162
Italy - 0.9%
Fiat SpA (Risparmio Shares)	27,800		100,192
Telecom Italia SpA (Risparmio Shares)	1,172,100		1,137,485
TOTAL ITALY			1,237,677
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $3,399,874)		1,433,839
Money Market Funds - 6.8%
	Shares		Value
Fidelity Cash Central Fund, 0.78% (b)	716,070		$ 716,070
Fidelity Securities Lending Cash Central Fund, 0.71% (b)(c)	8,830,350		8,830,350
TOTAL MONEY MARKET FUNDS (Cost $9,546,420)		9,546,420
TOTAL INVESTMENT PORTFOLIO - 105.2% (Cost $271,557,928)			149,121,977
NET OTHER ASSETS - (5.2)%			(7,304,005)
NET ASSETS - 100%		$ 141,817,972

Legend

(a) Non-income producing

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

Affiliated Central Funds

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

Fund	Income earned
Fidelity Cash Central Fund	$ 3,003
Fidelity Securities Lending Cash Central Fund	12,353
Total	$ 15,356

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities	$ 149,121,977	$ 103,373,990	$ 45,747,987	$ -

Income Tax Information

At January 31, 2009, the aggregate cost of investment securities for income tax purposes was $272,825,485. Net unrealized depreciation aggregated $123,703,508, of which $1,696,636 related to appreciated investment securities and $125,400,144 related to depreciated investment securities.

Investment Valuation

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity Advisor International
Value Fund:
Class A
Class T
Class B
Class C
Institutional Class

January 31, 2009

Class A, Class T, Class B, Class C and
Institutional Class
are classes of Fidelity®
International Value Fund

1.844600.102

AFIV-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.4%
	Shares		Value
Australia - 2.2%
AMP Ltd.	388,042		$ 1,279,720
Macquarie Airports unit	462,720		663,323
Macquarie Group Ltd. (d)	34,191		546,669
Macquarie Infrastructure Group unit	593,083		593,033
TOTAL AUSTRALIA			3,082,745
Bermuda - 0.7%
Seadrill Ltd.	128,500		1,072,023
Brazil - 1.2%
Petroleo Brasileiro SA - Petrobras sponsored ADR	40,300		1,055,860
Uniao de Bancos Brasileiros SA (Unibanco) GDR	11,379		640,410
TOTAL BRAZIL			1,696,270
Canada - 2.2%
Canadian Natural Resources Ltd.	37,900		1,356,961
First Quantum Minerals Ltd.	25,700		457,248
Petrobank Energy & Resources Ltd. (a)	33,800		534,910
Power Corp. of Canada (sub. vtg.)	13,600		234,645
Royal Bank of Canada	20,700		513,511
TOTAL CANADA			3,097,275
Cayman Islands - 0.8%
Chaoda Modern Agriculture (Holdings) Ltd.	1,537,952		971,128
Subsea 7, Inc. (a)	41,000		214,519
TOTAL CAYMAN ISLANDS			1,185,647
China - 0.6%
China Construction Bank Corp. (H Shares)	493,000		240,451
China Merchants Bank Co. Ltd. (H Shares)	166,000		268,062
Nine Dragons Paper (Holdings) Ltd.	1,087,000		300,836
TOTAL CHINA			809,349
Cyprus - 0.3%
Marfin Popular Bank Public Co.	182,371		413,277
Denmark - 0.1%
Vestas Wind Systems AS (a)	4,500		219,816
Finland - 0.5%
Nokia Corp. sponsored ADR	56,100		688,347
France - 9.2%
AXA SA sponsored ADR (d)	216,500		3,485,650
BNP Paribas SA	53,900		2,070,935
Compagnie de St. Gobain	13,700		466,128
Common Stocks - continued
	Shares		Value
France - continued
GDF Suez	33,989		$ 1,308,530
Pernod Ricard SA	4,591		289,426
Pinault Printemps-Redoute SA	5,600		284,134
Renault SA	9,400		182,448
Societe Generale Series A	12,800		539,979
Total SA:
Series B	5,400		269,085
sponsored ADR (d)	49,700		2,474,066
Unibail-Rodamco	12,072		1,626,026
TOTAL FRANCE			12,996,407
Germany - 13.4%
Allianz AG sponsored ADR (d)	527,900		4,397,407
BASF AG	16,700		485,777
Daimler AG	114,700		3,210,453
E.ON AG	152,700		4,934,466
GEA Group AG	11,600		134,109
GFK AG	21,800		446,569
Muenchener Rueckversicherungs-Gesellschaft AG (Reg.)	35,300		4,686,679
RWE AG	4,400		342,900
Tognum AG	29,900		332,279
TOTAL GERMANY			18,970,639
Greece - 0.6%
Public Power Corp. of Greece	51,600		868,074
Hong Kong - 2.0%
China Overseas Land & Investment Ltd.	468,000		612,054
Swire Pacific Ltd. (A Shares)	340,300		2,197,661
TOTAL HONG KONG			2,809,715
India - 0.1%
Satyam Computer Services Ltd. sponsored ADR	400		760
Suzlon Energy Ltd.	177,784		169,045
TOTAL INDIA			169,805
Ireland - 1.6%
Allied Irish Banks PLC	450,100		645,164
CRH PLC sponsored ADR	68,800		1,634,000
TOTAL IRELAND			2,279,164
Israel - 0.3%
Israel Chemicals Ltd.	69,400		492,836
Common Stocks - continued
	Shares		Value
Italy - 4.1%
ENI SpA sponsored ADR	32,300		$ 1,369,197
Fiat SpA	49,200		241,570
Finmeccanica SpA	73,400		1,153,061
UniCredit SpA	1,740,700		3,079,950
TOTAL ITALY			5,843,778
Japan - 21.4%
Aeon Co. Ltd.	110,200		884,986
Denso Corp.	39,800		721,161
East Japan Railway Co.	24,300		1,647,842
Ibiden Co. Ltd.	13,300		269,105
JSR Corp.	49,500		601,852
Konica Minolta Holdings, Inc.	160,500		1,249,959
Miraca Holdings, Inc.	68,600		1,465,310
Mitsubishi Estate Co. Ltd.	25,000		327,853
Mitsubishi UFJ Financial Group, Inc.	294,000		1,631,003
Mitsui & Co. Ltd.	464,000		4,842,225
NGK Insulators Ltd.	34,000		436,978
Nippon Electric Glass Co. Ltd.	31,000		204,617
Nomura Holdings, Inc.	47,000		304,431
Obic Co. Ltd.	3,880		602,546
ORIX Corp.	27,620		1,205,869
Osaka Gas Co. Ltd.	872,000		3,715,506
Promise Co. Ltd.	32,900		603,859
Sumitomo Corp.	97,000		877,848
Sumitomo Metal Industries Ltd.	330,000		660,336
Takeda Pharmaceutical Co. Ltd.	10,200		477,981
Tokuyama Corp.	184,000		1,096,362
Toyota Motor Corp.	150,800		4,851,229
Xebio Co. Ltd.	51,600		941,967
Yamada Denki Co. Ltd.	12,060		710,595
TOTAL JAPAN			30,331,420
Kazakhstan - 0.2%
JSC Halyk Bank of Kazakhstan unit	140,800		335,104
Korea (South) - 0.2%
Shinhan Financial Group Co. Ltd.	15,390		310,491
Mexico - 0.7%
America Movil SAB de CV Series L sponsored ADR	33,200		946,532
Netherlands - 1.8%
Gemalto NV (a)	25,400		624,702
Heineken NV (Bearer)	15,400		454,468
Common Stocks - continued
	Shares		Value
Netherlands - continued
ING Groep NV (Certificaten Van Aandelen)	40,900		$ 337,524
Koninklijke KPN NV	82,400		1,102,441
TOTAL NETHERLANDS			2,519,135
Norway - 2.7%
DnB Nor ASA	252,100		858,733
Orkla ASA (A Shares)	348,750		2,328,087
Petroleum Geo-Services ASA (a)	195,250		641,130
TOTAL NORWAY			3,827,950
Philippines - 0.9%
Philippine Long Distance Telephone Co. sponsored ADR	29,100		1,287,675
Russia - 0.3%
OAO Gazprom sponsored ADR	33,100		433,941
Singapore - 1.1%
DBS Group Holdings Ltd.	272,000		1,565,938
South Africa - 0.7%
Impala Platinum Holdings Ltd.	82,100		941,307
Spain - 2.7%
Banco Bilbao Vizcaya Argentaria SA sponsored ADR (d)	93,100		864,899
Banco Santander SA	45,600		368,972
Telefonica SA sponsored ADR	47,800		2,562,558
TOTAL SPAIN			3,796,429
Sweden - 0.3%
Telefonaktiebolaget LM Ericsson (B Shares)	53,600		421,598
Switzerland - 8.9%
Credit Suisse Group sponsored ADR	6,000		152,940
EFG International	63,690		774,230
Nestle SA (Reg.)	16,379		567,384
Novartis AG sponsored ADR	9,900		408,474
Roche Holding AG (participation certificate)	29,353		4,135,081
Sonova Holding AG	18,842		909,692
Swiss Life Holding AG	9,690		527,983
Transocean Ltd. (a)	37,739		2,061,304
UBS AG (For. Reg.)	24,566		308,065
Zurich Financial Services AG (Reg.)	15,415		2,790,887
TOTAL SWITZERLAND			12,636,040
Taiwan - 0.2%
Hon Hai Precision Industry Co. Ltd. (Foxconn)	174,000		304,930
Common Stocks - continued
	Shares		Value
Thailand - 0.1%
Total Access Communication PCL unit	216,000		$ 179,513
Turkey - 0.1%
Turkiye Garanti Bankasi AS (a)	82,000		112,274
United Kingdom - 15.2%
Aegis Group PLC	821,800		911,362
Anglo American PLC (United Kingdom)	38,195		700,976
BAE Systems PLC	151,600		884,013
BHP Billiton PLC	23,200		397,193
easyJet PLC (a)	169,400		734,256
HSBC Holdings PLC (United Kingdom) (Reg.)	86,205		669,054
Imperial Tobacco Group PLC	6,300		172,884
Informa PLC	135,400		470,588
Lloyds TSB Group PLC	422,416		555,406
Man Group PLC	534,800		1,599,000
Misys PLC	439,600		742,415
National Grid PLC	30,100		282,751
Prudential PLC	313,428		1,515,294
Rio Tinto PLC (Reg.)	26,100		561,061
Royal Bank of Scotland Group PLC	2,407,281		767,737
Royal Dutch Shell PLC Class A sponsored ADR (d)	105,700		5,203,609
Standard Chartered PLC (United Kingdom)	60,450		767,651
Tesco PLC	44,100		228,996
Vodafone Group PLC	372,400		691,883
Vodafone Group PLC sponsored ADR	195,812		3,640,145
TOTAL UNITED KINGDOM			21,496,274
TOTAL COMMON STOCKS (Cost $258,611,634)		138,141,718
Nonconvertible Preferred Stocks - 1.0%

Germany - 0.1%
ProSiebenSat.1 Media AG	89,600		196,162
Italy - 0.9%
Fiat SpA (Risparmio Shares)	27,800		100,192
Telecom Italia SpA (Risparmio Shares)	1,172,100		1,137,485
TOTAL ITALY			1,237,677
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $3,399,874)		1,433,839
Money Market Funds - 6.8%
	Shares		Value
Fidelity Cash Central Fund, 0.78% (b)	716,070		$ 716,070
Fidelity Securities Lending Cash Central Fund, 0.71% (b)(c)	8,830,350		8,830,350
TOTAL MONEY MARKET FUNDS (Cost $9,546,420)		9,546,420
TOTAL INVESTMENT PORTFOLIO - 105.2% (Cost $271,557,928)			149,121,977
NET OTHER ASSETS - (5.2)%			(7,304,005)
NET ASSETS - 100%		$ 141,817,972

Legend

(a) Non-income producing

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

Affiliated Central Funds

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

Fund	Income earned
Fidelity Cash Central Fund	$ 3,003
Fidelity Securities Lending Cash Central Fund	12,353
Total	$ 15,356

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities	$ 149,121,977	$ 103,373,990	$ 45,747,987	$ -

Income Tax Information

Investment Valuation

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

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

Quarterly Report

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Japan Fund

January 31, 2009

1.813056.104

JPN-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.0%
	Shares		Value
CONSUMER DISCRETIONARY - 26.0%
Auto Components - 4.1%
Denso Corp.	1,456,300		$ 26,387,607
NOK Corp.	407,100		2,860,416
Stanley Electric Co. Ltd.	597,500		5,766,039
Toyoda Gosei Co. Ltd.	216,700		2,454,005
			37,468,067
Automobiles - 12.7%
Honda Motor Co. Ltd.	1,498,700		34,444,884
Toyota Motor Corp.	1,648,900		53,045,039
Yamaha Motor Co. Ltd.	2,938,900		27,568,925
			115,058,848
Hotels, Restaurants & Leisure - 0.4%
Saizeriya Co. Ltd. (c)	312,600		3,986,424
Household Durables - 2.3%
Haseko Corp.	2,719,000		2,526,282
Sekisui House Ltd.	2,120,000		17,807,236
			20,333,518
Leisure Equipment & Products - 2.4%
Nikon Corp. (c)	2,065,000		21,494,990
Media - 1.5%
Fuji Media Holdings, Inc.	10,541		13,419,383
Multiline Retail - 1.5%
Isetan Mitsukoshi Holdings Ltd. (c)	362,440		2,603,942
J Front Retailing Co. Ltd.	552,000		1,985,962
Marui Group Co. Ltd.	366,500		1,894,525
Takashimaya Co. Ltd. (c)	1,026,000		6,904,175
			13,388,604
Specialty Retail - 1.1%
Yamada Denki Co. Ltd.	165,500		9,751,528
TOTAL CONSUMER DISCRETIONARY			234,901,362
CONSUMER STAPLES - 1.5%
Food & Staples Retailing - 1.5%
Aeon Co. Ltd.	362,100		2,907,927
Seven & i Holdings Co., Ltd.	391,600		10,443,319
			13,351,246
FINANCIALS - 24.0%
Capital Markets - 3.2%
Daiwa Securities Group, Inc.	1,735,000		9,581,544
Matsui Securities Co. Ltd. (c)	751,800		5,623,223
Nomura Holdings, Inc.	2,184,600		14,150,190
			29,354,957
Commercial Banks - 12.4%
Chiba Bank Ltd.	1,098,000		6,160,100
Mitsubishi UFJ Financial Group, Inc.	8,835,300		49,014,982
Mizuho Financial Group, Inc.	7,537,000		18,657,133

	Shares		Value
Sumitomo Mitsui Financial Group, Inc.	437,200		$ 17,327,783
Sumitomo Trust & Banking Co. Ltd.	4,236,000		20,772,147
			111,932,145
Consumer Finance - 2.1%
Credit Saison Co. Ltd.	331,300		3,250,106
ORIX Corp.	180,770		7,892,284
Promise Co. Ltd. (c)	415,600		7,628,078
			18,770,468
Insurance - 3.1%
Sompo Japan Insurance, Inc.	2,539,000		15,833,024
T&D Holdings, Inc.	387,450		12,524,221
			28,357,245
Real Estate Investment Trusts - 1.2%
Japan Real Estate Investment Corp.	723		6,516,665
Kenedix Realty Investment Corp.	323		841,826
Nomura Real Estate Office Fund, Inc.	610		3,837,876
			11,196,367
Real Estate Management & Development - 2.0%
Mitsubishi Estate Co. Ltd.	1,043,000		13,678,047
Mitsui Fudosan Co. Ltd.	321,000		4,140,029
			17,818,076
TOTAL FINANCIALS			217,429,258
HEALTH CARE - 1.5%
Pharmaceuticals - 1.5%
Astellas Pharma, Inc.	153,400		5,808,411
Daiichi Sankyo Co. Ltd.	359,800		8,079,342
			13,887,753
INDUSTRIALS - 18.3%
Air Freight & Logistics - 0.5%
Yamato Holdings Co. Ltd.	468,000		4,753,348
Building Products - 2.3%
Asahi Glass Co. Ltd.	2,075,000		10,836,973
Daikin Industries Ltd.	431,200		9,886,539
			20,723,512
Electrical Equipment - 2.3%
Mitsubishi Electric Corp.	1,488,000		6,829,744
Sumitomo Electric Industries Ltd.	1,899,400		14,297,899
			21,127,643
Machinery - 5.7%
Daifuku Co. Ltd.	701,000		3,567,854
Fanuc Ltd.	64,900		3,846,390
Kubota Corp.	3,152,000		17,144,211
NGK Insulators Ltd.	948,000		12,183,984
NSK Ltd.	1,239,000		3,977,188
THK Co. Ltd.	626,700		7,955,230
Toshiba Machine Co. Ltd.	926,000		2,544,765
			51,219,622
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Marine - 0.3%
Mitsui O.S.K. Lines Ltd.	411,000		$ 2,347,475
Road & Rail - 0.9%
East Japan Railway Co.	114,000		7,730,616
Trading Companies & Distributors - 4.3%
Mitsubishi Corp.	735,800		9,723,517
Mitsui & Co. Ltd.	1,602,000		16,718,198
Sumitomo Corp.	1,391,300		12,591,238
			39,032,953
Transportation Infrastructure - 2.0%
The Sumitomo Warehouse Co. Ltd.	4,148,000		18,222,825
TOTAL INDUSTRIALS			165,157,994
INFORMATION TECHNOLOGY - 18.8%
Electronic Equipment & Components - 8.3%
Fujifilm Holdings Corp.	158,700		3,469,897
Horiba Ltd.	426,300		6,715,452
Ibiden Co. Ltd.	799,900		16,184,714
Kyocera Corp.	87,300		5,604,606
Nidec Sankyo Corp.	569,000		2,126,849
Nippon Electric Glass Co. Ltd.	2,035,000		13,432,105
Omron Corp.	286,400		3,411,161
Topcon Corp. (c)	556,000		2,299,258
Yamatake Corp.	267,500		4,872,717
Yaskawa Electric Corp.	2,709,000		9,873,180
Yokogawa Electric Corp.	1,561,200		7,099,004
			75,088,943
Office Electronics - 6.4%
Canon, Inc.	1,944,900		53,071,392
Konica Minolta Holdings, Inc.	657,500		5,120,549
			58,191,941
Semiconductors & Semiconductor Equipment - 4.1%
Advantest Corp. (c)	218,900		2,955,668
Disco Corp. (c)	180,000		4,372,165
Rohm Co. Ltd.	73,800		3,665,515
Tokyo Electron Ltd.	698,900		25,619,166
			36,612,514
TOTAL INFORMATION TECHNOLOGY			169,893,398

	Shares		Value
MATERIALS - 4.5%
Chemicals - 3.8%
JSR Corp.	897,700		$ 10,914,806
Nissan Chemical Industries Co. Ltd.	534,000		4,014,012
Nitto Denko Corp.	516,100		9,573,898
Shin-Etsu Chemical Co. Ltd.	203,300		9,512,531
			34,015,247
Metals & Mining - 0.7%
Sumitomo Metal Industries Ltd.	3,382,000		6,767,442
TOTAL MATERIALS			40,782,689
TELECOMMUNICATION SERVICES - 2.4%
Wireless Telecommunication Services - 2.4%
KDDI Corp.	1,377		8,598,245
NTT DoCoMo, Inc.	7,671		13,364,072
			21,962,317
TOTAL COMMON STOCKS (Cost $1,337,460,557)		877,366,017
Money Market Funds - 8.2%

Fidelity Cash Central Fund, 0.78% (a)	43,744,506		43,744,506
Fidelity Securities Lending Cash Central Fund, 0.71% (a)(b)	30,517,275		30,517,275
TOTAL MONEY MARKET FUNDS (Cost $74,261,781)		74,261,781

TOTAL INVESTMENT PORTFOLIO - 105.2%

(Cost $1,411,722,338)

951,627,798

NET OTHER ASSETS - (5.2)%			(47,291,750)
NET ASSETS - 100%		$ 904,336,048

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) Investment made with cash collateral received from securities on loan.

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	$ 97,628
Fidelity Securities Lending Cash Central Fund	156,476
Total	$ 254,104

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities	$ 951,627,798	$ 74,261,781	$ 877,366,017	$ -

Income Tax Information

At January 31, 2009, the aggregate cost of investment securities for income tax purposes was $1,438,022,781. Net unrealized depreciation aggregated $486,394,983, of which $18,218,623 related to appreciated investment securities and $504,613,606 related to depreciated investment securities.

Investment Valuation

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Japan Smaller Companies Fund

January 31, 2009

1.813017.104

JSC-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.3%
	Shares		Value
CONSUMER DISCRETIONARY - 40.0%
Auto Components - 8.5%
Aisin Seiki Co. Ltd.	81,500		$ 1,096,207
Bridgestone Corp.	77,000		978,871
Denso Corp.	80,000		1,449,570
H-One Co. Ltd.	237,400		975,811
Koito Manufacturing Co. Ltd.	602,000		3,114,693
Nippon Seiki Co. Ltd.	313,000		1,944,205
Stanley Electric Co. Ltd.	1,222,300		11,795,531
Toyoda Gosei Co. Ltd.	548,800		6,214,849
			27,569,737
Automobiles - 0.6%
Yachiyo Industry Co. Ltd.	178,100		979,747
Yamaha Motor Co. Ltd.	102,900		965,274
			1,945,021
Diversified Consumer Services - 0.2%
Best Bridal, Inc.	437		630,912
Hotels, Restaurants & Leisure - 0.6%
Accordia Golf Co. Ltd.	319		196,090
Kappa Create Co. Ltd. (d)	74,250		1,574,454
Pacific Golf Group International Holdings KK	169		77,850
			1,848,394
Household Durables - 6.4%
Arnest One Corp.	892,000		1,140,944
Goldcrest Co. Ltd. (d)	411,160		9,801,282
Haseko Corp.	10,619,500		9,866,810
Meiwa Estate Co. Ltd.	3,400		16,180
			20,825,216
Internet & Catalog Retail - 8.4%
Rakuten, Inc. (d)	44,676		26,339,866
Start Today Co. Ltd. (d)	348		1,078,102
			27,417,968
Leisure Equipment & Products - 0.2%
Aruze Corp.	61,200		521,149
Media - 1.5%
CyberAgent, Inc. (d)	6,559		3,733,884
Jupiter Telecommunications Co.	1,162		1,098,493
			4,832,377
Multiline Retail - 4.0%
Ryohin Keikaku Co. Ltd.	316,300		13,067,425
Zakkaya Bulldog Co. Ltd.	37,900		130,974
			13,198,399
Specialty Retail - 9.6%
Alpen Co. Ltd.	225,900		4,509,383
Culture Convenience Club Co. Ltd. (d)	103,700		966,543
Megane TOP Co. Ltd. (d)	526,400		5,591,798
Nitori Co. Ltd.	50,300		3,550,238

	Shares		Value
Point, Inc.	241,390		$ 10,814,397
Yamada Denki Co. Ltd.	96,990		5,714,808
			31,147,167
TOTAL CONSUMER DISCRETIONARY			129,936,340
CONSUMER STAPLES - 3.0%
Beverages - 0.1%
Oenon Holdings, Inc.	174,000		436,474
Food & Staples Retailing - 0.3%
Create SD Co. Ltd.	52,100		1,048,621
Food Products - 0.9%
Frente Co. Ltd.	168,000		2,873,748
Household Products - 1.7%
Pigeon Corp. (d)	217,400		5,444,414
TOTAL CONSUMER STAPLES			9,803,257
FINANCIALS - 18.6%
Capital Markets - 5.0%
Daiwa Securities Group, Inc.	371,000		2,048,849
JAFCO Co. Ltd.	125,000		2,470,016
Japan Asia Investment Co. Ltd.	470,000		297,064
Nomura Holdings, Inc.	1,757,300		11,382,463
			16,198,392
Commercial Banks - 1.5%
Mitsubishi UFJ Financial Group, Inc.	858,800		4,764,305
Consumer Finance - 3.3%
JACCS Co. Ltd.	1,425,000		2,673,885
ORIX Corp.	184,560		8,057,753
			10,731,638
Diversified Financial Services - 5.0%
Japan Securities Finance Co. Ltd.	511,900		2,268,502
Osaka Securities Exchange Co. Ltd. (d)	3,081		13,982,192
			16,250,694
Insurance - 1.2%
Aioi Insurance Co. Ltd.	807,000		3,943,723
Real Estate Investment Trusts - 1.3%
Japan Retail Fund Investment Corp.	152		668,567
Kenedix Realty Investment Corp.	1,002		2,611,485
ORIX JREIT, Inc.	230		1,084,900
			4,364,952
Real Estate Management & Development - 1.3%
Airport Facilities Co. Ltd.	134,500		770,299
Joint Corp.	2,600		3,497
NTT Urban Development Co.	288		247,487
Shoei Co.	377,700		3,052,189
Toho Real Estate Co. Ltd.	42,500		225,943
			4,299,415
TOTAL FINANCIALS			60,553,119
Common Stocks - continued
	Shares		Value
HEALTH CARE - 0.8%
Pharmaceuticals - 0.8%
Fuji Pharma Co. Ltd.	119,600		$ 2,034,071
Nichi-iko Pharmaceutical Co. Ltd.	19,200		643,678
			2,677,749
INDUSTRIALS - 12.1%
Building Products - 7.8%
Central Glass Co. Ltd.	224,000		817,022
Daikin Industries Ltd.	790,400		18,122,265
Nichias Corp.	1,409,000		3,727,747
Nippon Sheet Glass Co. Ltd.	1,121,000		2,742,951
Shinko Kogyo Co. Ltd.	38,000		86,383
			25,496,368
Electrical Equipment - 0.1%
Furukawa Electric Co. Ltd.	88,000		304,068
Machinery - 3.7%
Amada Co. Ltd.	127,000		606,975
HIRANO TECSEED Co. Ltd.	118,000		884,425
Kubota Corp.	1,255,000		6,826,137
Miura Co. Ltd.	81,600		1,868,935
Nitta Corp.	127,100		1,644,821
Nittoku Engineering Co. Ltd.	27,000		124,083
			11,955,376
Trading Companies & Distributors - 0.5%
Mitsui Matsushima Co. Ltd. (d)	1,328,000		1,632,189
TOTAL INDUSTRIALS			39,388,001
INFORMATION TECHNOLOGY - 11.0%
Computers & Peripherals - 0.2%
Mutoh Holdings Co. Ltd. (a)(d)	327,000		663,623
Electronic Equipment & Components - 1.9%
Citizen Holdings Co. Ltd.	388,700		1,582,542
Horiba Ltd.	69,700		1,097,976
Origin Electric Co. Ltd.	150,000		380,629
Shimadzu Corp.	110,000		665,392
Sunx Ltd.	561,600		1,632,097
Yamatake Corp.	53,100		967,257
			6,325,893
Internet Software & Services - 6.7%
GMO Internet, Inc. (d)	332,500		1,465,668
Internet Initiative Japan, Inc.	77		81,716
Kakaku.com, Inc. (d)	2,053		7,964,925
mixi, Inc. (a)(d)	759		4,246,227
Yahoo! Japan Corp. (d)	22,067		7,001,864
Zappallas, Inc. (d)	329		908,564
			21,668,964
IT Services - 0.8%
CAC Corp.	88,600		629,153

	Shares		Value
IT Holdings Corp.	88,100		$ 1,307,729
Otsuka Corp.	11,600		515,581
			2,452,463
Semiconductors & Semiconductor Equipment - 1.4%
Disco Corp. (d)	119,900		2,912,348
Shinko Electric Industries Co.Ltd.	36,400		307,250
Tokyo Electron Ltd.	34,300		1,257,315
			4,476,913
TOTAL INFORMATION TECHNOLOGY			35,587,856
MATERIALS - 6.5%
Chemicals - 5.0%
C. Uyemura & Co. Ltd.	279,100		6,040,919
Ishihara Sangyo Kaisha Ltd. (a)	4,315,000		3,396,690
Mitsubishi Rayon Co. Ltd.	751,000		1,800,088
Mitsui Chemicals, Inc.	1,692,000		4,863,955
Tohcello Co. Ltd.	9,000		34,325
			16,135,977
Construction Materials - 0.6%
Taiheiyo Cement Corp.	1,443,000		1,977,333
Metals & Mining - 0.9%
Tokyo Rope Manufacturing Co. Ltd. (d)	905,000		2,047,165
Toyo Kohan Co. Ltd.	257,000		1,077,505
			3,124,670
TOTAL MATERIALS			21,237,980
TELECOMMUNICATION SERVICES - 7.3%
Wireless Telecommunication Services - 7.3%
Softbank Corp. (d)	1,525,600		23,585,115
TOTAL COMMON STOCKS (Cost $361,673,120)		322,769,417
Money Market Funds - 14.3%

Fidelity Cash Central Fund, 0.78% (b)	1,436,378		1,436,378
Fidelity Securities Lending Cash Central Fund, 0.71% (b)(c)	45,253,622		45,253,622
TOTAL MONEY MARKET FUNDS (Cost $46,690,000)		46,690,000

TOTAL INVESTMENT PORTFOLIO - 113.6%

(Cost $408,363,120)

369,459,417

NET OTHER ASSETS - (13.6)%		(44,285,201)
NET ASSETS - 100%		$ 325,174,216

Legend

(a) Non-income producing

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

Affiliated Central Funds

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

Fund	Income earned
Fidelity Cash Central Fund	$ 20,023
Fidelity Securities Lending Cash Central Fund	302,203
Total	$ 322,226

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities	$ 369,459,417	$ 46,690,000	$ 322,769,417	$ -

Income Tax Information

At January 31, 2009, the aggregate cost of investment securities for income tax purposes was $409,253,265. Net unrealized depreciation aggregated $39,793,848, of which $19,142,339 related to appreciated investment securities and $58,936,187 related to depreciated investment securities.

Investment Valuation

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Latin America Fund

January 31, 2009

1.813035.104

LAF-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.3%
	Shares		Value
Argentina - 0.1%
Grupo Clarin SA GDR (f)	800,100		$ 2,720,340
Bermuda - 3.0%
Credicorp Ltd. (NY Shares)	839,077		34,653,880
Dufry South America Ltd. unit	3,052,615		20,855,150
GP Investments, Ltd. unit	2,633,825		7,152,197
TOTAL BERMUDA			62,661,227
Brazil - 67.3%
Acucar Guarani SA (a)	1,897,700		1,701,386
AES Tiete SA (PN) (non-vtg.)	3,152,500		22,013,147
America Latina Logistica SA unit	3,081,900		11,729,818
Banco Bradesco SA:
(PN)	2,046,812		18,350,728
(PN) sponsored ADR	5,228,700		46,796,865
Banco do Brasil SA	1,077,700		6,573,041
Banco Itau Holding Financeira SA:
(non-vtg.)	3,254,650		32,784,987
sponsored ADR (non-vtg.) (e)	4,517,450		45,355,198
BM&F BOVESPA SA	4,217,700		12,253,146
Brasil Telecom SA (PN)	1,119,400		5,712,800
Companhia Brasileira de Desenvolvimento Imobiliario Turistico (a)	37,500		8,485,991
Companhia de Bebidas das Americas (AmBev):
(PN) sponsored ADR	789,126		32,188,450
sponsored ADR	66,745		2,290,688
Companhia Energetica de Minas Gerais (CEMIG) (PN) sponsored ADR (non-vtg.)	2,200,200		29,900,718
Companhia Siderurgica Nacional SA (CSN) sponsored ADR (e)	1,366,300		20,631,130
Companhia Vale do Rio Doce:
(PN-A)	1,355,600		16,308,102
(PN-A) sponsored ADR	14,858,400		180,380,977
sponsored ADR (e)	7,235,000		102,085,850
Eletropaulo Metropolitana SA (PN-B)	1,374,060		15,517,402
Empresa Nacional de Comercio Redito e Participacoes SA (PN) (a)	11,465		80,749
Equatorial Energia SA	1,380,600		6,176,995
Gerdau SA sponsored ADR (e)	5,582,600		35,616,988
GVT Holding SA (a)	3,688,100		39,106,578
Hypermarcas SA	221,700		1,061,675
MPX Mineracao e Energia SA (a)	35,000		2,451,509
MRV Engenharia e Participacoes SA	1,734,500		8,119,254
Multiplan Empreendimentos Imobiliarios SA (a)	1,382,200		8,460,017
Net Servicos de Comunicacao SA:
sponsored ADR	167,000		1,063,790
(PN) (a)	5,442,600		34,461,980
OGX Petroleo e Gas Participacoes SA	70,000		16,887,802
PDG Realty S.A. Empreendimentos e Participacoes	2,094,800		10,979,641

	Shares		Value
Petroleo Brasileiro SA - Petrobras	388,200		$ 5,068,353
Petroleo Brasileiro SA - Petrobras:
(PN) (non-vtg.)	5,607,660		60,548,225
(PN) sponsored ADR (non-vtg.)	7,480,800		162,034,128
sponsored ADR	4,832,620		126,614,644
Porto Seguro SA	940,300		5,512,103
Profarma Distribuidora de Produtos Farmaceuticos SA	1,151,000		2,827,888
Redecard SA	2,698,500		30,183,653
Tegma Gestao Logistica	1,967,200		4,968,876
Tele Norte Leste Participacoes SA	663,100		10,146,573
Tele Norte Leste Participacoes SA sponsored ADR (non-vtg.)	1,947,600		23,955,480
Terna Participacoes SA unit	1,216,800		10,169,721
Totvs SA	1,479,000		25,181,250
Tractebel Energia SA	1,884,100		14,634,260
Uniao de Bancos Brasileiros SA (Unibanco):
unit	422,800		2,396,474
GDR	777,500		43,757,700
Usinas Siderurgicas de Minas Gerais SA - Usiminas	502,375		5,868,260
Usinas Siderurgicas de Minas Gerais SA - Usiminas (PN-A) (non-vtg.)	2,125,550		26,312,843
Vivo Participacoes SA:
(PN) (a)	135,525		1,913,122
sponsored ADR	2,880,700		40,848,326
Votorantim Celulose e Papel SA:
(PN) (non-vtg.)	96,565		574,811
sponsored ADR (non-vtg.) (e)	2,249,650		13,047,970
TOTAL BRAZIL			1,392,092,062
Chile - 3.8%
Banco Santander Chile sponsored ADR	350,575		12,403,344
CAP SA	1,792,889		23,391,832
Empresa Nacional de Electricidad SA sponsored ADR (e)	347,200		12,978,336
Sociedad Quimica y Minera de Chile SA (SQM) (PN-B) sponsored ADR (e)	733,300		19,872,430
Vina Concha y Toro SA sponsored ADR	313,250		10,478,213
TOTAL CHILE			79,124,155
Colombia - 0.4%
BanColombia SA sponsored ADR	417,500		8,738,275
Luxembourg - 0.4%
Millicom International Cellular SA	103,450		4,051,102
Ternium SA sponsored ADR (e)	335,100		3,126,483
TOTAL LUXEMBOURG			7,177,585
Mexico - 18.4%
Alsea SAB de CV	17,488,682		6,049,762
America Movil SAB de CV Series L sponsored ADR	4,649,700		132,562,947
Cemex SA de CV sponsored ADR (e)	3,333,367		25,966,929
Common Stocks - continued
	Shares		Value
Mexico - continued
Corporacion Geo SA de CV Series B (a)	11,291,300		$ 12,456,558
Desarrolladora Homex SAB de CV (a)	1,009,500		3,211,052
Desarrolladora Homex SAB de CV sponsored ADR (a)(e)	419,300		7,996,051
Empresas ICA Sociedad Controladora SA de CV (a)	6,346,000		10,485,898
Fomento Economico Mexicano SAB de CV sponsored ADR	1,309,895		36,873,544
Genomma Lab Internacional SA de CV	8,783,300		5,257,521
Grupo Aeroportuario del Pacifico SA de CV sponsored ADR	545,300		10,197,110
Grupo Aeroportuario Norte SAB de CV ADR	895,500		7,593,840
Grupo Mexico SA de CV Series B	29,119,975		15,971,366
Grupo Televisa SA de CV	1,507,400		4,208,293
Grupo Televisa SA de CV (CPO) sponsored ADR	4,272,400		59,770,876
Urbi, Desarrollos Urbanos, SA de CV (a)	10,224,900		10,497,259
Wal-Mart de Mexico SA de CV Series V	14,609,816		30,475,885
TOTAL MEXICO			379,574,891
Panama - 1.1%
Copa Holdings SA Class A	389,600		10,223,104
Intergroup Financial Services Corp.	1,060,239		10,496,366
Intergroup Financial Services Corp. (a)(f)	249,320		2,468,268
TOTAL PANAMA			23,187,738
Peru - 1.3%
Compania de Minas Buenaventura SA sponsored ADR	1,383,252		26,060,468
United States of America - 0.5%
Freeport-McMoRan Copper & Gold, Inc. Class B	244,700		6,151,758
NII Holdings, Inc. (a)	185,805		3,604,617
TOTAL UNITED STATES OF AMERICA			9,756,375
TOTAL COMMON STOCKS (Cost $2,283,264,803)		1,991,093,116

Convertible Bonds - 0.0%
		Principal Amount (d)
Brazil - 0.0%
Companhia de Saneamento de Minas Gerais 8.55% 6/1/13 (g)(h) (Cost $957,155)	BRL	15,278	508,652

Money Market Funds - 8.4%
	Shares		Value
Fidelity Cash Central Fund, 0.78% (b)	57,456,179		$ 57,456,179
Fidelity Securities Lending Cash Central Fund, 0.71% (b)(c)	115,138,850		115,138,850
TOTAL MONEY MARKET FUNDS (Cost $172,595,029)		172,595,029

TOTAL INVESTMENT PORTFOLIO - 104.7%

(Cost $2,456,816,987)

2,164,196,797

NET OTHER ASSETS - (4.7)%			(96,194,205)
NET ASSETS - 100%		$ 2,068,002,592

Currency Abbreviation
BRL	-	Brazilian real

Legend

(a) Non-income producing

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

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

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

Additional information on each holding is as follows:

Security	Acquisition Date	Acquisition Cost
Companhia de Saneamento de Minas Gerais 8.55% 6/1/13	8/20/07	$ 957,155

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	$ 193,308
Fidelity Securities Lending Cash Central Fund	205,417
Total	$ 398,725

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities	$ 2,164,196,797	$ 2,163,688,145	$ 508,652	$ -

Income Tax Information

At January 31, 2009, the aggregate cost of investment securities for income tax purposes was $2,475,239,077. Net unrealized depreciation aggregated $311,042,280, of which $450,189,341 related to appreciated investment securities and $761,231,621 related to depreciated investment securities.

Investment Valuation

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. 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. 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.

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Nordic Fund

January 31, 2009

1.813058.104

NOR-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.2%
	Shares		Value
Denmark - 15.5%
A.P. Moller - Maersk AS:
Series A	513		$ 2,510,302
Series B	442		2,132,516
Danske Bank AS	240,500		2,436,300
Novo Nordisk AS Series B	504,690		27,079,363
Vestas Wind Systems AS (a)	55,800		2,725,713
TOTAL DENMARK			36,884,194
Finland - 22.9%
Fortum Oyj	321,000		6,279,718
Kone Oyj (B Shares)	154,660		3,253,324
Nokia Corp.	2,396,850		29,374,718
Outokumpu Oyj (A Shares)	299,500		3,424,207
Sampo Oyj (A Shares)	512,600		8,249,462
Stora Enso Oyj (R Shares)	248,500		1,520,779
UPM-Kymmene Corp.	253,700		2,403,610
TOTAL FINLAND			54,505,818
Iceland - 0.1%
Ossur hf (a)	441,370		183,390
Norway - 10.0%
Orkla ASA (A Shares)	623,000		4,158,848
StatoilHydro ASA	705,196		12,183,647
Storebrand ASA (A Shares)	795,400		2,032,040
Telenor ASA	669,900		4,384,909
Yara International ASA	44,200		1,000,007
TOTAL NORWAY			23,759,451
Sweden - 47.3%
Assa Abloy AB (B Shares)	456,000		4,590,513
Atlas Copco AB (A Shares)	503,700		3,400,532
Connecta AB	147,133		650,486
Elekta AB (B Shares) (d)	881,300		10,030,329
Getinge AB (B Shares) (d)	302,118		4,034,136
H&M Hennes & Mauritz AB (B Shares)	315,840		12,227,525
Intrum Justitia AB	543,600		4,449,349
Investor AB (B Shares)	441,800		5,133,833
Loomis AB (B Shares) (a)	141,400		1,047,533
Meda AB (A Shares) (d)	623,700		4,154,771
Nordea Bank AB	1,409,500		7,477,811

	Shares		Value
Sandvik AB	414,500		$ 2,129,705
Scania AB (B Shares)	220,900		1,781,664
Securitas AB (B Shares)	883,400		7,125,045
SKF AB (B Shares)	558,900		4,691,448
Svenska Cellulosa AB (SCA) (B Shares)	241,200		1,887,752
Svenska Handelsbanken AB (A Shares)	341,100		3,729,317
Swedish Match Co.	473,800		6,411,501
TELE2 AB (B Shares)	724,200		5,862,654
Telefonaktiebolaget LM Ericsson (B Shares)	1,692,000		13,308,645
TeliaSonera AB	1,950,500		8,576,700
TOTAL SWEDEN			112,701,249
United Kingdom - 3.4%
AstraZeneca PLC (Sweden) (a)	217,100		8,223,288
TOTAL COMMON STOCKS (Cost $293,669,335)		236,257,390
Money Market Funds - 8.1%

Fidelity Cash Central Fund, 0.78% (b)	8,590,589		8,590,589
Fidelity Securities Lending Cash Central Fund, 0.71% (b)(c)	10,830,686		10,830,686
TOTAL MONEY MARKET FUNDS (Cost $19,421,275)		19,421,275

TOTAL INVESTMENT PORTFOLIO - 107.3%

(Cost $313,090,610)

255,678,665

NET OTHER ASSETS - (7.3)%			(17,441,449)
NET ASSETS - 100%		$ 238,237,216

Legend

(a) Non-income producing

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

Affiliated Central Funds

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

Fund	Income earned
Fidelity Cash Central Fund	$ 21,604
Fidelity Securities Lending Cash Central Fund	64,193
Total	$ 85,797

Other Information

The following is a summary of the inputs used, as of January 31, 2009, 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	$ 255,678,665	$ 212,811,912	$ 42,683,363	$ 183,390

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

	Investments in Securities
Beginning Balance	$ -
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	(143,835)
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfer in/out of Level 3	327,225
Ending Balance	$ 183,390

Income Tax Information

At January 31, 2009, the aggregate cost of investment securities for income tax purposes was $321,364,303. Net unrealized depreciation aggregated $65,685,638, of which $10,002,130 related to appreciated investment securities and $75,687,768 related to depreciated investment securities.

Investment Valuation

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Overseas Fund -
Overseas
Class K

January 31, 2009

1.813070.104

OVE-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.8%
	Shares		Value
Australia - 0.7%
AMP Ltd.	5,900,427		$ 19,458,961
CSL Ltd.	761,852		17,966,415
TOTAL AUSTRALIA			37,425,376
Belgium - 5.0%
Anheuser-Busch InBev NV	9,998,840		254,878,158
Anheuser-Busch InBev NV (strip VVPR) (a)	6,312,640		32,328
TOTAL BELGIUM			254,910,486
Bermuda - 1.1%
Willis Group Holdings Ltd.	2,156,300		53,389,988
Brazil - 1.2%
Vivo Participacoes SA sponsored ADR (d)	4,477,340		63,488,681
Canada - 1.1%
EnCana Corp.	1,082,600		48,193,076
Harry Winston Diamond Corp.	1,419,774		5,651,994
TOTAL CANADA			53,845,070
China - 0.3%
Li Ning Co. Ltd.	9,863,500		13,700,013
Finland - 0.3%
Nokia Corp. sponsored ADR	1,308,800		16,058,976
France - 13.7%
Accor SA (d)	374,000		14,841,404
Alstom SA	582,100		28,264,085
AXA SA	1,619,800		25,508,051
BNP Paribas SA	610,300		23,448,826
Carrefour SA	1,554,900		53,331,883
GDF Suez	1,437,800		55,353,317
L'Oreal SA	392,400		26,174,504
Lafarge SA (Bearer) (d)	249,300		11,549,484
Pernod Ricard SA (d)	2,576,084		162,401,415
Pinault Printemps-Redoute SA	420,000		21,310,081
Sanofi-Aventis	769,900		43,298,330
Societe Generale Series A	1,272,300		53,673,101
Sodexo SA ADR (d)	1,603,800		82,868,346
Total SA Series B	1,083,100		53,971,547
Unibail-Rodamco	200,300		26,979,200
Veolia Environnement	478,537		10,816,705
TOTAL FRANCE			693,790,279
Germany - 8.0%
adidas AG	1,248,900		43,379,966
Allianz AG (Reg.)	293,900		24,481,627
BASF AG	860,700		25,036,400
Bayer AG	904,500		48,185,684
Daimler AG	696,100		19,483,839
Deutsche Boerse AG	532,983		26,953,936
E.ON AG	1,528,773		49,401,951
Linde AG	615,800		41,194,357

	Shares		Value
Muenchener Rueckversicherungs-Gesellschaft AG (Reg.)	347,676		$ 46,159,938
RWE AG	514,700		40,111,529
SAP AG	1,133,300		40,094,154
TOTAL GERMANY			404,483,381
Hong Kong - 3.6%
China Unicom Hong Kong Ltd. sponsored ADR (d)	16,102,400		147,981,056
Hutchison Whampoa Ltd.	7,223,000		36,753,199
TOTAL HONG KONG			184,734,255
India - 0.2%
Allahabad Bank	821,505		813,146
Bank of Baroda	2,274,900		11,744,040
TOTAL INDIA			12,557,186
Indonesia - 2.7%
PT Indosat Tbk sponsored ADR (d)	5,760,000		137,491,200
Italy - 3.0%
Banco Popolare Scarl	4,159,700		23,819,032
ENI SpA	3,212,600		67,945,281
ENI SpA sponsored ADR	116,500		4,938,435
Intesa Sanpaolo SpA	9,550,300		30,231,873
UniCredit SpA	13,299,800		23,532,328
TOTAL ITALY			150,466,949
Japan - 14.6%
Bridgestone Corp.	1,377,700		17,514,158
Canon, Inc. sponsored ADR	1,171,800		31,591,728
Daiichi Sankyo Co. Ltd.	2,456,800		55,167,670
East Japan Railway Co.	533,600		36,184,710
Fujifilm Holdings Corp.	848,900		18,560,778
Honda Motor Co. Ltd. sponsored ADR	723,000		16,383,180
Japan Tobacco, Inc.	16,544		47,569,934
JFE Holdings, Inc.	631,500		15,695,042
Komatsu Ltd.	1,019,400		10,524,578
Mitsubishi Corp.	1,555,900		20,561,048
Mitsubishi UFJ Financial Group, Inc.	11,130,400		61,747,350
Nintendo Co. Ltd.	67,200		19,568,639
Nomura Holdings, Inc.	7,721,000		50,010,809
NTT DoCoMo, Inc.	57,113		99,499,708
Osaka Gas Co. Ltd.	11,469,000		48,868,283
Ricoh Co. Ltd.	2,680,000		32,707,686
Seven & i Holdings Co., Ltd.	1,274,200		33,980,788
Sumitomo Mitsui Financial Group, Inc.	811,300		32,154,689
T&D Holdings, Inc.	855,350		27,648,967
Terumo Corp.	457,900		15,549,396
THK Co. Ltd.	1,646,800		20,904,218
Toyota Motor Corp. sponsored ADR	442,600		28,109,526
TOTAL JAPAN			740,502,885
Common Stocks - continued
	Shares		Value
Luxembourg - 1.2%
ArcelorMittal SA (NY Shares) Class A (d)	1,015,000		$ 22,908,550
Millicom International Cellular SA	972,800		38,094,848
TOTAL LUXEMBOURG			61,003,398
Netherlands - 1.7%
Akzo Nobel NV	418,600		15,027,578
ING Groep NV (Certificaten Van Aandelen)	932,300		7,693,730
Koninklijke Ahold NV	4,791,800		57,735,935
Unilever NV (Certificaten Van Aandelen)	221,300		4,893,116
TOTAL NETHERLANDS			85,350,359
Spain - 2.6%
Iberdrola SA	5,304,800		41,293,751
Repsol YPF SA sponsored ADR	2,565,100		45,581,827
Telefonica SA	254,900		4,518,728
Telefonica SA sponsored ADR	778,400		41,730,024
TOTAL SPAIN			133,124,330
Switzerland - 7.1%
Actelion Ltd. (Reg.) (a)	472,128		25,725,054
Nestle SA (Reg.)	2,428,570		84,127,893
Novartis AG sponsored ADR	1,352,500		55,804,150
Roche Holding AG (participation certificate)	659,643		92,926,689
Sonova Holding AG	698,935		33,744,599
UBS AG (For. Reg.)	3,463,090		43,428,211
Zurich Financial Services AG (Reg.)	141,099		25,545,987
TOTAL SWITZERLAND			361,302,583
United Kingdom - 22.3%
Anglo American PLC ADR	1,198,600		10,823,358
BAE Systems PLC	7,236,300		42,196,437
Barclays PLC Sponsored ADR (d)	2,815,700		16,077,647
BG Group PLC	1,865,300		25,701,826
British Airways PLC	5,572,800		9,702,410
British Sky Broadcasting Group PLC (BSkyB)	7,339,300		52,877,899
BT Group PLC	7,267,000		11,009,810
Experian PLC	4,923,800		30,853,083
GlaxoSmithKline PLC	6,128,800		108,127,435
HSBC Holdings PLC sponsored ADR (d)	1,554,638		60,382,140
Kingfisher PLC	12,348,400		24,900,094
Lloyds TSB Group PLC sponsored ADR	1,250,900		6,517,189
Misys PLC	11,932,200		20,151,604
Pearson PLC	1,592,900		15,367,377
Prudential PLC	3,596,500		17,387,577
Rexam PLC	4,242,700		19,189,342
Rio Tinto PLC (Reg.)	2,061,400		44,313,044
Royal Bank of Scotland Group PLC	17,533,497		5,591,835

	Shares		Value
Royal Dutch Shell PLC Class B ADR	2,541,300		$ 121,550,379
Shire PLC	3,014,000		43,872,691
Smith & Nephew PLC	3,227,400		23,401,960
Standard Chartered PLC (United Kingdom)	3,644,832		46,285,481
Unilever PLC	9,331,800		204,771,303
Vodafone Group PLC sponsored ADR	5,503,800		102,315,642
William Hill PLC	9,201,200		31,478,906
WPP PLC	6,118,600		34,430,946
TOTAL UNITED KINGDOM			1,129,277,415
United States of America - 5.4%
Allergan, Inc.	749,300		28,563,316
Baxter International, Inc.	720,700		42,269,055
Citigroup, Inc.	5,050,700		17,929,985
Estee Lauder Companies, Inc. Class A	1,261,300		33,109,125
Freeport-McMoRan Copper & Gold, Inc. Class B	1,019,700		25,635,258
Hess Corp.	810,300		45,060,783
Johnson & Johnson	740,200		42,702,138
The Coca-Cola Co.	900,300		38,460,816
TOTAL UNITED STATES OF AMERICA			273,730,476
TOTAL COMMON STOCKS (Cost $6,306,271,508)		4,860,633,286
Money Market Funds - 7.2%

Fidelity Cash Central Fund, 0.78% (b)	220,221,091		220,221,091
Fidelity Securities Lending Cash Central Fund, 0.71% (b)(c)	144,478,750		144,478,750
TOTAL MONEY MARKET FUNDS (Cost $364,699,841)		364,699,841

TOTAL INVESTMENT PORTFOLIO - 103.0%

(Cost $6,670,971,349)

5,225,333,127

NET OTHER ASSETS - (3.0)%		(152,948,538)
NET ASSETS - 100%		$ 5,072,384,589

Legend

(a) Non-income producing

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

Affiliated Central Funds

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

Fund	Income earned
Fidelity Cash Central Fund	$ 750,336
Fidelity Securities Lending Cash Central Fund	787,441
Total	$ 1,537,777

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities	$ 5,225,333,127	$ 3,679,612,054	$ 1,545,721,073	$ -

Income Tax Information

At January 31, 2009, the aggregate cost of investment securities for income tax purposes was $6,760,679,361. Net unrealized depreciation aggregated $1,535,346,234, of which $216,064,185 related to appreciated investment securities and $1,751,410,419 related to depreciated investment securities.

Investment Valuation

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Pacific Basin Fund

January 31, 2009

1.813019.104

PAF-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.8%
	Shares		Value
Australia - 9.5%
Austal Ltd.	1,048,278		$ 1,201,124
BHP Billiton Ltd.	178,300		3,306,547
Brambles Ltd.	471,205		2,004,079
Incitec Pivot Ltd.	784,630		1,288,932
Macquarie Airports unit	3,049,602		4,371,693
Navitas Ltd.	1,169,216		1,626,086
Origin Energy Ltd.	750,180		6,610,865
QBE Insurance Group Ltd.	295,845		4,449,281
Rio Tinto Ltd.	73,313		1,903,147
Seek Ltd. (d)	804,568		1,504,208
Sunland Group Ltd.	97,896		30,761
United Group Ltd.	364,977		1,823,474
Wesfarmers Ltd.	72,000		699,950
Wesfarmers Ltd. (a)	120,343		1,134,516
Wotif.com Holdings Ltd. (d)	785,647		1,580,351
TOTAL AUSTRALIA			33,535,014
Bermuda - 3.0%
China LotSynergy Holdings Ltd. (a)	14,948,000		237,460
Huabao International Holdings Ltd.	5,530,000		3,540,216
Mingyuan Medicare Development Co. Ltd.	17,200,000		806,739
Noble Group Ltd.	5,818,400		3,919,548
Paradise Entertainment Ltd. (a)	102,582,000		407,784
Peace Mark Holdings Ltd.	18,955,750		24
Ports Design Ltd.	927,000		937,541
TPV Technology Ltd.	2,864,000		641,235
TOTAL BERMUDA			10,490,547
Cayman Islands - 2.8%
China State Construction International Holdings Ltd. warrants 2/27/09 (a)	1,318,384		18
Ctrip.com International Ltd. sponsored ADR	17,700		371,523
Kingboard Chemical Holdings Ltd.	1,376,900		2,216,613
Kingdee International Software Group Co. Ltd.	25,848,928		2,308,489
Perfect World Co. Ltd. sponsored ADR Class B (a)	116,958		1,732,148
Regent Pacific Group Ltd. (a)	34,954,000		473,281
SinoCom Software Group Ltd.	10,750,000		689,894
Suntech Power Holdings Co. Ltd. sponsored ADR (a)(d)	198,800		1,870,708
Wuxi Pharmatech Cayman, Inc. sponsored ADR (a)	61,300		332,246
TOTAL CAYMAN ISLANDS			9,994,920
China - 8.9%
51job, Inc. sponsored ADR (a)	57,600		376,704
AMVIG Holdings Ltd.	5,996,000		3,305,773
Baidu.com, Inc. sponsored ADR (a)	6,296		810,736
China Mengniu Dairy Co. Ltd.	3,662,000		4,838,696
China Resources Land Ltd.	1,826,000		2,109,064

	Shares		Value
China Yurun Food Group Ltd.	1,262,000		$ 1,476,247
Focus Media Holding Ltd. ADR (a)(d)	208,600		1,539,468
Global Bio-Chem Technology Group Co. Ltd.	18,162,000		2,617,487
Li Ning Co. Ltd.	910,500		1,264,649
Lianhua Supermarket Holdings Co. (H Shares)	1,020,000		1,055,560
Minth Group Ltd.	1,784,000		719,867
Ping An Insurance (Group) Co. of China, Ltd. (H Shares)	1,318,500		5,711,135
Royale Furniture Holdings Ltd.	8,165,308		303,956
Tencent Holdings Ltd.	408,800		2,497,901
Yantai Changyu Pioneer Wine Co. (B Shares)	443,100		1,672,051
Zhejiang Expressway Co. Ltd. (H Shares)	2,196,000		1,249,077
TOTAL CHINA			31,548,371
Hong Kong - 4.0%
Bank of East Asia Ltd.	707,164		1,402,259
China Insurance International Holdings Co. Ltd.	305,000		387,704
China State Construction International Holdings Ltd.	30,460,752		4,716,388
Hang Lung Properties Ltd.	1,320,000		2,967,456
IPE Group Ltd.	19,445,000		807,474
Melco International Development Ltd.	2,293,000		657,833
PYI Corp. Ltd.	9,494,539		419,312
PYI Corp. Ltd. warrants 9/25/09 (a)	1,582,423		2,385
REXCAPITAL Financial Holdings Ltd. (a)	48,686,967		1,640,278
Shun Tak Holdings Ltd.	184,000		66,774
Tian An China Investments Co. Ltd.	4,527,800		1,109,260
Tian An China Investments Co. Ltd. warrants 1/2/10 (a)	396,800		997
TOTAL HONG KONG			14,178,120
India - 2.9%
Educomp Solutions Ltd.	55,242		2,006,000
Financial Technologies India Ltd.	146,363		1,414,709
Gateway Distriparks Ltd.	483,318		686,256
Geodesic Ltd.	560,116		449,265
Jain Irrigation Systems Ltd.	206,596		1,407,180
Max India Ltd. (a)	332,635		772,842
NIIT Ltd.	1,940,580		867,453
Pantaloon Retail India Ltd.	354,346		1,183,958
Rallis India Ltd.	116,392		900,730
Shopper's Stop Ltd.	47,197		99,072
United Spirits Ltd.	48,926		587,429
TOTAL INDIA			10,374,894
Indonesia - 1.8%
PT Bumi Resources Tbk	7,072,500		307,661
PT Indosat Tbk	3,240,500		1,588,800
PT Perusahaan Gas Negara Tbk Series B	23,836,740		4,500,525
TOTAL INDONESIA			6,396,986
Common Stocks - continued
	Shares		Value
Japan - 39.3%
Ai Holdings Corp. (d)	1,006,500		$ 3,123,877
ARRK Corp. (a)(d)	816,800		901,089
Canon Marketing Japan, Inc.	86,900		1,278,603
Credit Saison Co. Ltd.	235,200		2,307,350
Digital Garage, Inc. (d)	8,630		7,780,847
Dydo Drinco, Inc.	43,400		1,245,163
en-japan, Inc.	1,098		1,161,798
Fujitsu Ltd.	557,000		2,504,005
Furuno Electric Co. Ltd.	73,400		435,543
H.I.S. Co. Ltd. (d)	133,400		2,572,111
Hamakyorex Co. Ltd.	117,700		2,794,445
Haseko Corp.	3,759,500		3,493,034
Ibiden Co. Ltd.	68,300		1,381,943
Internet Initiative Japan, Inc.	1,289		1,367,948
ISE Chemical Corp. (d)	421,000		1,653,454
Ishihara Sangyo Kaisha Ltd. (a)	1,412,000		1,111,501
Japan Excellent, Inc.	792		3,371,296
Japan Retail Fund Investment Corp.	398		1,750,590
Kenedix Realty Investment Corp.	1,178		3,070,189
Konica Minolta Holdings, Inc.	274,000		2,133,887
Leopalace21 Corp.	228,900		1,931,526
Matsumotokiyoshi Holdings Co. Ltd.	89,100		1,754,472
Micronics Japan Co. Ltd. (d)	547,000		4,557,194
Mitsubishi Corp.	299,000		3,951,252
Mitsubishi UFJ Financial Group, Inc.	1,137,800		6,312,094
Mitsui Sumitomo Insurance Group Holdings, Inc.	269,300		6,980,624
Namco Bandai Holdings, Inc.	143,300		1,432,310
NEC Electronics Corp. (a)	206,900		1,433,354
New City Residence Investment Corp.	1,766		209,372
Nippon Electric Glass Co. Ltd.	295,000		1,947,160
Nippon Seiki Co. Ltd.	478,000		2,969,106
Nitta Corp.	258,900		3,350,466
Nittoku Engineering Co. Ltd.	506,900		2,329,541
Nomura Holdings, Inc.	314,100		2,034,503
NTT Urban Development Co.	2,102		1,806,315
ORIX Corp.	58,710		2,563,235
Promise Co. Ltd. (d)	490,000		8,993,643
Rakuten, Inc. (d)	4,330		2,552,861
Sankyo Seiko Co. Ltd.	425,800		825,710
Sega Sammy Holdings, Inc. (d)	542,300		6,861,871
SHO-BOND Holdings Co. Ltd.	172,000		3,601,581
Softbank Corp.	759,600		11,743,084
Sony Corp.	148,400		2,892,349
Sumitomo Mitsui Financial Group, Inc.	44,200		1,751,802
Take & Give Needs Co. Ltd. (a)(d)	14,787		449,776
THK Co. Ltd.	96,000		1,218,609
Tohcello Co. Ltd.	634,500		2,419,914
Tokuyama Corp.	129,000		768,645
Tokyo Ohka Kogyo Co. Ltd.	69,400		1,107,697

	Shares		Value
Toyoda Gosei Co. Ltd.	99,600		$ 1,127,914
Tsutsumi Jewelry Co. Ltd.	58,700		1,290,907
TOTAL JAPAN			138,607,560
Korea (South) - 8.2%
CDNetworks Co. Ltd. (a)	120,643		567,382
Daewoo International Corp.	85,080		1,474,812
Duzon Digital Ware Co. Ltd.	205,677		912,208
eSang Networks Co. Ltd.	130,755		560,231
Hana Tour Service, Inc.	58,346		1,016,407
Infopia Co. Ltd.	161,717		1,842,069
Jinsung T.E.C. Co. Ltd.	378,322		1,248,378
Kyeryong Construction Industrial Co. Ltd.	76,000		1,051,956
MegaStudy Co. Ltd.	5,443		656,218
NHN Corp. (a)	79,495		7,864,015
Plantynet Co. Ltd.	292,104		668,179
Samsung Electronics Co. Ltd.	13,347		4,634,369
SFA Engineering Corp.	95,419		1,941,722
Shinhan Financial Group Co. Ltd.	121,104		2,443,256
TK Corp.	105,704		2,069,582
TOTAL KOREA (SOUTH)			28,950,784
Malaysia - 2.0%
IJM Corp. Bhd	1,169,700		1,086,649
IJM Land Bhd warrants 9/11/13 (a)	116,970		6,228
JobStreet Corp. Bhd	6,606,750		2,347,975
Muhibbah Engineering (M) Bhd	2,956,900		833,308
Parkson Holdings Bhd	748,213		668,708
Public Bank Bhd (For. Reg.)	921,300		2,195,709
TOTAL MALAYSIA			7,138,577
Papua New Guinea - 1.9%
Oil Search Ltd.	2,415,309		6,539,435
Philippines - 1.6%
Aboitiz Equity Ventures, Inc.	12,590,000		1,544,121
Alliance Global Group, Inc. (a)	80,408,542		2,837,440
DMCI Holdings, Inc.	20,794,500		1,252,816
TOTAL PHILIPPINES			5,634,377
Singapore - 6.2%
CSE Global Ltd.	7,480,500		1,886,782
GigaMedia Ltd. (a)	122,400		804,168
Goodpack Ltd.	11,983,000		6,066,736
Goodpack Ltd. warrants 7/16/09 (a)	1,143,125		8
Midas Holdings Ltd.	8,182,000		2,782,292
Mirach Energy Ltd. (a)	8,793,000		145,613
Olam International Ltd.	4,461,625		3,578,241
Pertama Holdings Ltd.	10,644,000		1,621,647
Raffles Education Corp. Ltd.	10,850,000		3,716,348
SIA Engineering Co. Ltd.	930,000		1,253,139
Tat Hong Holdings Ltd. warrants 8/2/13 (a)	125,700		2,460
TOTAL SINGAPORE			21,857,434
Common Stocks - continued
	Shares		Value
Taiwan - 4.3%
104 Corp.	479,000		$ 866,584
Apex Biotechnology Corp.	808,000		1,069,130
D-Link Corp.	1,515,883		836,243
Hon Hai Precision Industry Co. Ltd. (Foxconn)	1,952,081		3,420,964
HTC Corp.	175,000		1,652,548
MediaTek, Inc.	218,000		1,561,906
Powertech Technology, Inc.	1,106,300		1,495,125
Taiwan Semiconductor Manufacturing Co. Ltd.	2,293,000		2,803,470
Tsann Kuen Enterprise Co. Ltd.	3,740,900		1,333,707
TOTAL TAIWAN			15,039,677
Thailand - 1.2%
Siam Commercial Bank PCL (For. Reg.)	1,581,352		2,316,512
Thai Stanley Electric PCL	28,490		44,945
Total Access Communication PCL	2,117,180		1,690,462
Total Access Communication PCL (For. Reg.)	215,000		178,675
TOTAL THAILAND			4,230,594
Vietnam - 0.2%
Luks Group (Vietnam Holdings) Co. Ltd.	2,080,000		572,238
TOTAL COMMON STOCKS (Cost $559,577,915)		345,089,528
Money Market Funds - 7.6%
	Shares		Value
Fidelity Cash Central Fund, 0.78% (b)	7,808,884		$ 7,808,884
Fidelity Securities Lending Cash Central Fund, 0.71% (b)(c)	18,895,685		18,895,685
TOTAL MONEY MARKET FUNDS (Cost $26,704,569)		26,704,569

TOTAL INVESTMENT PORTFOLIO - 105.4%

(Cost $586,282,484)

371,794,097

NET OTHER ASSETS - (5.4)%			(18,898,951)
NET ASSETS - 100%		$ 352,895,146

Legend

(a) Non-income producing

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

Affiliated Central Funds

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

Fund	Income earned
Fidelity Cash Central Fund	$ 18,742
Fidelity Securities Lending Cash Central Fund	159,361
Total	$ 178,103

Other Information

The following is a summary of the inputs used, as of January 31, 2009, 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	$ 371,794,097	$ 41,311,163	$ 330,273,538	$ 209,396

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

	Investments in Securities
Beginning Balance	$ 926,002
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	(587,217)
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfer in/out of Level 3	(129,389)
Ending Balance	$ 209,396

Income Tax Information

At January 31, 2009, the aggregate cost of investment securities for income tax purposes was $588,105,262. Net unrealized depreciation aggregated $216,311,165, of which $26,875,071 related to appreciated investment securities and $243,186,236 related to depreciated investment securities.

Investment Valuation

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Series
Emerging Markets Fund

January 31, 2009

1.873105.100

ILF-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 94.9%
	Shares		Value
Australia - 0.8%
Sino Gold Mining Ltd. (a)	65,336		$ 201,970
Bermuda - 1.8%
Aquarius Platinum Ltd. (Australia)	58,383		140,756
C C Land Holdings Ltd.	121,000		29,618
Central European Media Enterprises Ltd. Class A (a)	3,700		36,482
Credicorp Ltd. (NY Shares)	3,800		156,940
Ports Design Ltd.	66,500		67,256
TOTAL BERMUDA			431,052
Brazil - 16.5%
America Latina Logistica SA unit	29,000		110,375
Anhanguera Educacional Participacoes SA unit	11,061		58,166
B2W Companhia Global Do Varejo	3,700		39,552
Banco ABC Brasil SA	17,000		35,172
Banco Bradesco SA (PN) sponsored ADR	48,800		436,760
Companhia Energetica de Minas Gerais (CEMIG) (PN) sponsored ADR (non-vtg.)	6,900		93,771
Companhia Siderurgica Nacional SA (CSN) sponsored ADR	12,900		194,790
Companhia Vale do Rio Doce sponsored ADR	57,400		809,914
GVT Holding SA (a)	11,600		123,000
Iguatemi Empresa de Shopping Centers SA	11,200		57,931
Net Servicos de Comunicacao SA sponsored ADR	20,300		129,311
OGX Petroleo e Gas Participacoes SA	500		120,627
Petroleo Brasileiro SA - Petrobras:
(PN) sponsored ADR (non-vtg.)	24,600		532,836
sponsored ADR	20,700		542,340
Tele Norte Leste Participacoes SA sponsored ADR (non-vtg.)	8,500		104,550
Uniao de Bancos Brasileiros SA (Unibanco) GDR	6,000		337,680
Usinas Siderurgicas de Minas Gerais SA - Usiminas (PN-A) (non-vtg.)	11,900		147,314
Votorantim Celulose e Papel SA sponsored ADR (non-vtg.)	27,100		157,180
TOTAL BRAZIL			4,031,269
Canada - 0.6%
Addax Petroleum, Inc.	4,200		67,153
Sino-Forest Corp. (a)	11,400		85,557
TOTAL CANADA			152,710
Cayman Islands - 3.3%
AAC Acoustic Technology Holdings, Inc. (a)	174,000		55,942
Chaoda Modern Agriculture (Holdings) Ltd.	240,000		151,546
China Digital TV Holding Co. Ltd. ADR	7,400		46,324
China Dongxiang Group Co. Ltd.	286,000		82,485
Common Stocks - continued
	Shares		Value
Cayman Islands - continued
CNinsure, Inc. ADR (a)	4,500		$ 32,985
Foxconn International Holdings Ltd. (a)	236,000		86,336
Stella International Holdings Ltd.	94,000		81,343
Suntech Power Holdings Co. Ltd. sponsored ADR (a)	3,200		30,112
The United Laboratories International Holdings Ltd.	260,000		60,047
Xinao Gas Holdings Ltd.	90,000		80,568
Yingli Green Energy Holding Co. Ltd. ADR (a)	17,500		97,825
TOTAL CAYMAN ISLANDS			805,513
China - 12.6%
Baidu.com, Inc. sponsored ADR (a)	700		90,139
China Communications Construction Co. Ltd. (H Shares)	186,000		180,038
China Construction Bank Corp. (H Shares)	839,000		409,206
China Gas Holdings Ltd.	774,000		108,979
China Merchants Bank Co. Ltd. (H Shares)	100,500		162,290
China Nepstar Chain Drugstore Ltd. ADR	4,200		16,002
China Petroleum & Chemical Corp. sponsored ADR (H Shares)	3,700		200,022
China Railway Construction Corp. (H Shares)	83,000		113,458
China Shenhua Energy Co. Ltd. (H Shares)	85,000		181,227
China South Locomotive & Rolling Stock Corp. Ltd. (H Shares)	263,000		124,244
China Yurun Food Group Ltd.	124,000		145,051
Dongfang Electric Corp. Ltd.	45,600		101,214
Global Bio-Chem Technology Group Co. Ltd.	1,058,000		152,478
Golden Eagle Retail Group Ltd. (H Shares)	92,000		48,980
Harbin Power Equipment Co. Ltd. (H Shares)	152,000		106,289
Industrial & Commercial Bank of China	1,330,000		562,325
Li Ning Co. Ltd.	52,500		72,920
Parkson Retail Group Ltd.	73,000		65,011
Tencent Holdings Ltd.	20,200		123,429
ZTE Corp. (H Shares)	37,800		107,585
TOTAL CHINA			3,070,887
Czech Republic - 1.5%
Ceske Energeticke Zavody AS	6,200		214,529
Komercni Banka AS	600		66,815
Philip Morris CR AS	300		87,590
TOTAL CZECH REPUBLIC			368,934
Egypt - 1.4%
Commercial International Bank Ltd.	26,000		152,455
Common Stocks - continued
	Shares		Value
Egypt - continued
Eastern Tobacco Co.	3,200		$ 100,602
Telecom Egypt SAE	35,200		92,324
TOTAL EGYPT			345,381
Hong Kong - 5.6%
China Mobile (Hong Kong) Ltd. sponsored ADR	19,800		890,406
China Resources Power Holdings Co. Ltd.	46,000		84,385
CNOOC Ltd. sponsored ADR	3,500		301,140
CNPC (Hong Kong) Ltd.	300,000		84,646
TOTAL HONG KONG			1,360,577
India - 2.5%
Axis Bank Ltd. GDR (Reg. S)	11,800		103,840
Educomp Solutions Ltd.	1,500		54,469
ICICI Bank Ltd. sponsored ADR	12,300		202,704
Infosys Technologies Ltd. sponsored ADR	7,200		191,232
Rolta India Ltd.	28,411		53,132
TOTAL INDIA			605,377
Indonesia - 2.7%
PT Bank Rakyat Indonesia Tbk	561,500		219,866
PT Perusahaan Gas Negara Tbk Series B	794,000		149,912
PT Tambang Batubbara Bukit Asam Tbk	239,000		152,095
PT Telkomunikasi Indonesia Tbk Series B	245,000		134,498
TOTAL INDONESIA			656,371
Ireland - 0.4%
Dragon Oil PLC (a)	39,100		90,407
Israel - 3.2%
Cellcom Israel Ltd.	4,300		91,074
Israel Chemicals Ltd.	24,600		174,694
Mizrahi Tefahot Bank Ltd.	8,500		40,032
RADWARE Ltd. (a)	18,500		102,675
Teva Pharmaceutical Industries Ltd. sponsored ADR	8,700		360,615
TOTAL ISRAEL			769,090
Kazakhstan - 0.5%
KazMunaiGas Exploration & Production JSC (Reg. S) GDR	9,400		119,380
Korea (South) - 8.1%
Hana Financial Group, Inc.	11,850		193,658
Hyunjin Materials Co. Ltd.	8,166		179,074
Jinsung T.E.C. Co. Ltd.	16,606		54,796
Common Stocks - continued
	Shares		Value
Korea (South) - continued
KT&G Corp.	3,365		$ 201,311
MegaStudy Co. Ltd.	790		95,244
Meritz Fire & Marine Insurance Co. Ltd.	25,330		64,263
NHN Corp. (a)	1,630		161,247
Samsung Electronics Co. Ltd.	1,193		414,236
Samsung Heavy Industries Ltd.	7,750		147,508
Shinhan Financial Group Co. Ltd.	3,320		66,981
Shinhan Financial Group Co. Ltd. sponsored ADR	5,100		203,337
Taewoong Co. Ltd.	2,855		184,220
TOTAL KOREA (SOUTH)			1,965,875
Luxembourg - 0.4%
MHP SA GDR (Reg. S)	24,300		91,125
Malaysia - 1.6%
DiGi.com Bhd	16,900		95,730
Public Bank Bhd	82,600		200,331
TM International Sdn Bhd (a)	116,000		101,577
TOTAL MALAYSIA			397,638
Mexico - 4.0%
America Movil SAB de CV Series L sponsored ADR	19,900		567,349
Grupo Televisa SA de CV (CPO) sponsored ADR	11,800		165,082
Telmex Internacional SAB de CV Series L ADR	10,800		102,708
Wal-Mart de Mexico SA de CV Series V	63,800		133,086
TOTAL MEXICO			968,225
Nigeria - 0.1%
Guaranty Trust Bank PLC (Reg. S) unit	6,700		15,611
Oman - 0.1%
BankMuscat SAOG sponsored GDR	3,100		18,600
Papua New Guinea - 0.3%
Oil Search Ltd.	29,009		78,542
Peru - 0.9%
Compania de Minas Buenaventura SA sponsored ADR	12,300		231,732
Philippines - 1.2%
Alliance Global Group, Inc. (a)	2,391,000		84,373
Jollibee Food Corp.	104,700		88,987
Philippine Long Distance Telephone Co. sponsored ADR	2,500		110,625
TOTAL PHILIPPINES			283,985
Poland - 1.1%
Bank Polska Kasa Opieki SA	2,300		71,964
Common Stocks - continued
	Shares		Value
Poland - continued
Eurocash SA	53,500		$ 130,537
Trakcja Polska SA	69,100		74,382
TOTAL POLAND			276,883
Russia - 3.3%
Mobile TeleSystems OJSC sponsored ADR	3,300		70,290
OAO Gazprom sponsored ADR	30,500		399,855
OJSC Oil Co. Rosneft GDR (Reg. S) unit	33,500		104,185
Sberbank (Savings Bank of the Russian Federation) GDR	1,600		149,539
Uralkali JSC GDR (Reg. S)	11,100		69,708
TOTAL RUSSIA			793,577
South Africa - 8.8%
African Rainbow Minerals Ltd.	17,800		206,751
Aspen Pharmacare Holdings Ltd. (a)	16,400		67,621
Bidvest Group Ltd.	11,300		109,934
Exxaro Resources Ltd.	22,500		148,962
FirstRand Ltd.	130,900		189,169
Harmony Gold Mining Co. Ltd. sponsored ADR (a)	23,100		272,580
Imperial Holdings Ltd.	22,222		111,123
MTN Group Ltd.	47,700		453,092
Naspers Ltd. Class N	8,300		126,719
Raubex Group Ltd.	49,100		81,236
Sasol Ltd. sponsored ADR	12,000		318,600
Truworths International Ltd.	16,100		55,340
TOTAL SOUTH AFRICA			2,141,127
Taiwan - 6.0%
Acer, Inc.	40,000		49,436
Asia Cement Corp.	161,000		112,740
China Steel Corp.	296,000		198,813
First Financial Holding Co. Ltd.	422,000		180,528
Fubon Financial Holding Co. Ltd.	95,000		56,705
Hon Hai Precision Industry Co. Ltd. (Foxconn)	127,000		222,564
HTC Corp.	19,000		179,419
Innolux Display Corp.	91,000		68,806
Powertech Technology, Inc.	42,000		56,762
Taiwan Mobile Co. Ltd.	74,000		102,901
Taiwan Semiconductor Manufacturing Co. Ltd.	194,000		237,188
TOTAL TAIWAN			1,465,862
Common Stocks - continued
	Shares		Value
Thailand - 2.0%
PTT Exploration & Production PCL (For. Reg.)	60,700		$ 166,995
Siam Commercial Bank PCL (For. Reg.)	217,400		318,468
TOTAL THAILAND			485,463
Turkey - 1.5%
Anadolu Efes Biracilik ve Malt Sanyii AS	12,000		81,056
Asya Katilim Bankasi AS	119,000		77,484
Tupras-Turkiye Petrol Rafinerileri AS	10,000		95,539
Turkiye Garanti Bankasi AS (a)	79,000		108,166
TOTAL TURKEY			362,245
United Kingdom - 1.0%
Cairn Energy PLC (a)	3,400		89,704
Randgold Resources Ltd. sponsored ADR	3,500		155,610
TOTAL UNITED KINGDOM			245,314
United States of America - 1.1%
Freeport-McMoRan Copper & Gold, Inc. Class B	5,000		125,700
SanDisk Corp. (a)	13,100		149,733
TOTAL UNITED STATES OF AMERICA			275,433
TOTAL COMMON STOCKS (Cost $23,675,776)		23,106,155
Investment Companies - 4.8%

United States of America - 4.8%
iPath MSCI India Index ETN (a) (Cost $1,159,244)	39,400		1,161,909
Money Market Funds - 0.3%

Fidelity Cash Central Fund, 0.78% (b) (Cost $77,979)	77,979		77,979
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $24,912,999)			24,346,043
NET OTHER ASSETS - 0.0%			2,015
NET ASSETS - 100%		$ 24,348,058

Legend

(a) Non-income producing

Security Type Abbreviation

ETN - Exchange-Traded Note

Affiliated Central Funds

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

Fund	Income earned
Fidelity Cash Central Fund	$ 1,489

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities	$ 24,346,043	$ 13,870,459	$ 10,475,584	$ -

Income Tax Information

At January 31, 2009, the aggregate cost of investment securities for income tax purposes was $24,913,427. Net unrealized depreciation aggregated $567,384, of which $1,469,115 related to appreciated investment securities and $2,036,499 related to depreciated investment securities.

Investment Valuation

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Southeast Asia Fund

January 31, 2009

1.813038.104

SEA-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 89.8%
	Shares		Value
Australia - 2.2%
BHP Billiton Ltd.	71,100		$ 1,318,539
Telstra Corp. Ltd.	8,053,202		19,213,355
Woolworths Ltd.	640,881		11,155,714
TOTAL AUSTRALIA			31,687,608
Bermuda - 0.8%
Huabao International Holdings Ltd.	17,805,000		11,398,470
China - 15.2%
China Communications Construction Co. Ltd. (H Shares)	4,803,000		4,649,057
China Communications Services Corp. Ltd. (H Shares)	694,000		415,837
China Life Insurance Co. Ltd. (H Shares)	14,466,000		38,074,601
China Petroleum & Chemical Corp. (H Shares)	26,046,000		14,041,260
China Railway Construction Corp. (H Shares)	3,153,000		4,310,024
China Telecom Corp. Ltd. (H Shares)	33,370,000		12,107,445
Focus Media Holding Ltd. ADR (a)(d)	431,319		3,183,134
Industrial & Commercial Bank of China	97,431,000		41,193,904
Jiangsu Expressway Co. Ltd. (H Shares)	57,218,000		40,639,471
Parkson Retail Group Ltd.	2,482,500		2,210,827
PetroChina Co. Ltd. (H Shares)	80,428,000		59,370,521
TOTAL CHINA			220,196,081
Hong Kong - 23.4%
Cheung Kong Holdings Ltd.	1,956,000		18,047,549
China Mobile (Hong Kong) Ltd.	5,091,800		45,835,825
China Unicom Hong Kong Ltd.	36,286,000		33,494,841
CLP Holdings Ltd.	3,950,000		26,736,379
CNOOC Ltd.	22,496,000		19,361,208
Hang Seng Bank Ltd.	3,365,100		40,517,220
Hong Kong Electric Holdings Ltd.	11,009,000		64,483,009
Hutchison Whampoa Ltd.	9,362,000		47,637,194
PCCW Ltd.	61,128,000		31,469,795
Sa Sa International Holdings Ltd.	29,676,000		7,955,640
Television Broadcasts Ltd.	899,000		3,181,965
TOTAL HONG KONG			338,720,625
Indonesia - 0.0%
PT Jakarta International Hotel & Development Tbk (a)	37,398,000		597,441
Korea (South) - 19.0%
Hanmi Pharm Co. Ltd.	159,076		12,341,706
Korea Gas Corp.	439,729		16,220,320
KT&G Corp.	755,972		45,226,000
LG Household & Health Care Ltd.	148,245		17,809,807
MegaStudy Co. Ltd.	102,488		12,356,143
MSCI Daily TR Net Emerging Markets Korea Local warrants (UBS Warrant Programme) 9/10/10 (a)	58,561,072		11,960,490
NHN Corp. (a)	495,437		49,010,934
Samsung Card Co. Ltd.	53,030		1,429,171

	Shares		Value
Samsung Fire & Marine Insurance Co. Ltd.	183,712		$ 21,690,611
Shinhan Financial Group Co. Ltd.	1,286,145		25,947,794
Shinsegae Co. Ltd.	11,746		3,753,933
SK Telecom Co. Ltd.	384,665		57,318,690
TOTAL KOREA (SOUTH)			275,065,599
Malaysia - 1.9%
British American Tobacco (Malaysia) Bhd	2,101,800		25,714,913
KNM Group Bhd	15,543,625		1,836,131
TOTAL MALAYSIA			27,551,044
Singapore - 7.2%
Ascendas Real Estate Investment Trust (A-REIT)	4,211,000		3,978,359
DBS Group Holdings Ltd.	1,654,500		9,525,162
Midas Holdings Ltd.	5,606,000		1,906,323
Oversea-Chinese Banking Corp. Ltd.	1,299,000		4,360,174
Parkway Holdings Ltd.	6,986,000		5,269,811
Singapore Press Holdings Ltd.	2,600,000		4,799,541
Singapore Telecommunications Ltd.	3,503,000		6,080,181
SMRT Corp. Ltd.	15,289,000		15,977,660
Starhub Ltd.	10,292,000		13,780,953
United Engineers Ltd.	844,000		626,372
United Overseas Bank Ltd.	4,951,000		38,419,388
TOTAL SINGAPORE			104,723,924
Taiwan - 15.6%
104 Corp.	1,164,000		2,105,854
Ambassador Hotel	8,600,000		7,298,642
AU Optronics Corp.	5,381,000		3,784,269
Cathay Financial Holding Co. Ltd.	8,325,000		8,045,544
Chunghwa Telecom Co. Ltd.	47,537,510		71,588,070
Far EasTone Telecommunications Co. Ltd.	16,879,000		16,292,107
First Financial Holding Co. Ltd.	52,817,960		22,595,030
Hon Hai Precision Industry Co. Ltd. (Foxconn)	2,137,000		3,745,029
Huaku Development Co. Ltd.	5,942,500		6,074,109
Hung Poo Real Estate Development Co. Ltd.	6,925,447		3,989,904
Novatek Microelectronics Corp.	2,372,000		2,407,087
Powertech Technology, Inc.	10,184,000		13,763,315
Richtek Technology Corp.	188,000		686,724
Siliconware Precision Industries Co. Ltd.	728,000		578,192
Taiwan Fertilizer Co. Ltd.	983,000		1,574,923
Taiwan Semiconductor Manufacturing Co. Ltd.	25,561,105		31,251,544
Yuanta Financial Holding Co. Ltd.	79,728,000		29,834,364
TOTAL TAIWAN			225,614,707
Thailand - 4.5%
Asian Property Development PCL (For. Reg.)	17,840,500		1,085,584
Bangkok Bank Ltd. PCL (For. Reg.)	2,249,200		4,722,639
Big C Supercenter PCL unit	6,600,205		7,035,547
Common Stocks - continued
	Shares		Value
Thailand - continued
Land & House PCL (For. Reg.)	1,024,100		$ 92,359
Major Cineplex Group PCL (For. Reg.)	49,854,100		10,463,087
Quality Houses PCL	194,194,345		4,978,296
Siam City Bank PCL:
NVDR (a)	15,561,500		3,042,075
(For. Reg.) (a)	9,306,500		1,822,107
Siam Commercial Bank PCL (For. Reg.)	21,328,200		31,243,541
TOTAL THAILAND			64,485,235
TOTAL COMMON STOCKS (Cost $1,742,224,264)		1,300,040,734
Nonconvertible Preferred Stocks - 0.1%

Korea (South) - 0.1%
Samsung Electronics Co. Ltd. (Cost $1,269,911)	6,524		1,418,379
Investment Companies - 0.9%

Hong Kong - 0.9%
Hang Seng H-Share Index ETF (Cost $14,004,953)	1,380,800		12,435,828

Government Obligations - 0.2%
	Principal Amount
United States of America - 0.2%
U.S. Treasury Bills, yield at date of purchase 0.07% to 0.17% 3/12/09 to 6/4/09 (e) (Cost $3,399,177)	$ 3,400,000	3,398,663

Security Type Abbreviation

ETF - Exchange-Traded Fund

Money Market Funds - 9.0%
	Shares		Value
Fidelity Cash Central Fund, 0.78% (b)	128,977,339		$ 128,977,339
Fidelity Securities Lending Cash Central Fund, 0.71% (b)(c)	1,880,297		1,880,297
TOTAL MONEY MARKET FUNDS (Cost $130,857,636)		130,857,636

TOTAL INVESTMENT PORTFOLIO - 100.0%

(Cost $1,891,755,941)

1,448,151,240

NET OTHER ASSETS - 0.0%			(192,415)
NET ASSETS - 100%		$ 1,447,958,825

Futures Contracts
	Expiration Date	Underlying Face Amount at Value	Unrealized Appreciation/(Depreciation)
Purchased
Equity Index Contracts
194 Hang Seng Index Contracts (Hong Kong)	Feb. 2009	$ 8,915,471	$ 605,756

The face value of futures purchased as a percentage of net assets - 0.6%

Legend

(a) Non-income producing

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

(e) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At the period end, the value of securities pledged amounted to $3,398,663.

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	$ 486,671
Fidelity Securities Lending Cash Central Fund	48,295
Total	$ 534,966

Other Information

The following is a summary of the inputs used, as of January 31, 2009, 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	$ 1,448,151,240	$ 134,040,770	$ 1,314,110,470	$ -
Other Financial Instruments*	$ 605,756	$ 605,756	$ -	$ -

*Other financial instruments include Futures Contracts.

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

	Investments in Securities
Beginning Balance	$ 39,436,680
Total Realized Gain (Loss)	(44,264,356)
Total Unrealized Gain (Loss)	50,910,802
Cost of Purchases	425,765
Proceeds of Sales	(15,039,096)
Amortization/Accretion	-
Transfer in/out of Level 3	(31,469,795)
Ending Balance	$ -

The information used in the above reconciliation represents fiscal year to date activity for any Investment Securities or Other Financial Instruments 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 or Instrument where a change in the pricing level occurred from the beginning to the end of the period.

Income Tax Information

At January 31, 2009, the aggregate cost of investment securities for income tax purposes was $1,952,196,601. Net unrealized depreciation aggregated $504,045,361, of which $30,692,944 related to appreciated investment securities and $534,738,305 related to depreciated investment securities.

Investment Valuation

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. 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. Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded. 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.

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Total International
Equity Fund

January 31, 2009

1.863104.101

TIE-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.1%
	Shares		Value
Australia - 3.1%
AMP Ltd.	33,342		$ 109,958
CSL Ltd.	12,391		292,211
Lion Nathan Ltd.	2,082		10,717
Macquarie Airports unit	35,721		51,207
Macquarie Group Ltd.	3,378		54,010
Macquarie Infrastructure Group unit	58,602		58,597
QBE Insurance Group Ltd.	7,411		111,456
Sino Gold Mining Ltd. (a)	7,734		23,908
Woolworths Ltd.	17,822		310,225
TOTAL AUSTRALIA			1,022,289
Austria - 0.0%
Andritz AG	100		2,983
Bahrain - 0.0%
Gulf Finance House BSC GDR (b)	300		1,764
Belgium - 1.0%
Anheuser-Busch InBev NV	10,080		256,947
Anheuser-Busch InBev NV (strip VVPR) (a)	6,080		31
Hansen Transmission International NV (a)	3,800		5,839
Umicore SA	3,100		57,986
TOTAL BELGIUM			320,803
Bermuda - 0.6%
Aquarius Platinum Ltd. (Australia)	6,885		16,599
C C Land Holdings Ltd.	21,000		5,140
Central European Media Enterprises Ltd. Class A (a)	500		4,930
Credicorp Ltd. (NY Shares)	500		20,650
Ports Design Ltd.	52,000		52,591
Seadrill Ltd.	12,700		105,951
TOTAL BERMUDA			205,861
Brazil - 2.7%
America Latina Logistica SA unit	4,100		15,605
Anhanguera Educacional Participacoes SA unit	1,418		7,457
B2W Companhia Global Do Varejo	500		5,345
Banco ABC Brasil SA	1,000		2,069
Banco Bradesco SA:
(PN)	6,000		53,793
(PN) sponsored ADR	800		7,160
BM&F BOVESPA SA	13,300		38,639
Companhia Energetica de Minas Gerais (CEMIG) (PN) sponsored ADR (non-vtg.)	600		8,154
Common Stocks - continued
	Shares		Value
Brazil - continued
Companhia Siderurgica Nacional SA (CSN) sponsored ADR	1,300		$ 19,630
Companhia Vale do Rio Doce sponsored ADR	11,600		163,676
GVT Holding SA (a)	1,700		18,026
Iguatemi Empresa de Shopping Centers SA	1,700		8,793
Medial Saude SA	700		2,142
Natura Cosmeticos SA	1,400		12,087
Net Servicos de Comunicacao SA sponsored ADR	2,900		18,473
OGX Petroleo e Gas Participacoes SA	100		24,125
Petroleo Brasileiro SA - Petrobras:
(PN) sponsored ADR (non-vtg.)	3,600		77,976
sponsored ADR	9,800		256,760
Tele Norte Leste Participacoes SA sponsored ADR (non-vtg.)	1,200		14,760
Uniao de Bancos Brasileiros SA (Unibanco) GDR	1,821		102,486
Usinas Siderurgicas de Minas Gerais SA - Usiminas (PN-A) (non-vtg.)	1,750		21,664
Votorantim Celulose e Papel SA sponsored ADR (non-vtg.)	3,100		17,980
TOTAL BRAZIL			896,800
Canada - 2.4%
Addax Petroleum, Inc.	500		7,994
Agnico-Eagle Mines Ltd.	4,660		248,995
Canadian Natural Resources Ltd.	4,100		146,795
Eldorado Gold Corp. (a)	1,400		10,964
Fairfax Financial Holdings Ltd.	120		39,049
First Quantum Minerals Ltd.	2,300		40,921
Harry Winston Diamond Corp.	10,100		40,207
Niko Resources Ltd.	160		6,584
Petrobank Energy & Resources Ltd. (a)	7,400		117,111
Potash Corp. of Saskatchewan, Inc.	500		37,430
Power Corp. of Canada (sub. vtg.)	1,400		24,155
Royal Bank of Canada	2,300		57,057
Sino-Forest Corp. (a)	1,600		12,008
TOTAL CANADA			789,270
Cayman Islands - 0.8%
AAC Acoustic Technology Holdings, Inc. (a)	14,000		4,501
Chaoda Modern Agriculture (Holdings) Ltd.	158,216		99,904
China Digital TV Holding Co. Ltd. ADR	1,300		8,138
China Dongxiang Group Co. Ltd.	187,000		53,933
CNinsure, Inc. ADR (a)	500		3,665
Foxconn International Holdings Ltd. (a)	23,000		8,414
Himax Technologies, Inc. sponsored ADR	3,800		6,384
Stella International Holdings Ltd.	14,000		12,115
Common Stocks - continued
	Shares		Value
Cayman Islands - continued
Subsea 7, Inc. (a)	3,500		$ 18,313
Suntech Power Holdings Co. Ltd. sponsored ADR (a)	900		8,469
The United Laboratories International Holdings Ltd.	34,000		7,852
Xinao Gas Holdings Ltd.	12,000		10,742
Yingli Green Energy Holding Co. Ltd. ADR (a)	2,300		12,857
TOTAL CAYMAN ISLANDS			255,287
China - 1.5%
Baidu.com, Inc. sponsored ADR (a)	200		25,754
China Construction Bank Corp. (H Shares)	161,000		78,525
China Gas Holdings Ltd.	104,000		14,643
China Merchants Bank Co. Ltd. (H Shares)	33,000		53,289
China Petroleum & Chemical Corp. Class H sponsored ADR	500		27,030
China Shenhua Energy Co. Ltd. (H Shares)	12,000		25,585
China South Locomotive & Rolling Stock Corp. Ltd. (H Shares)	37,000		17,479
China Yurun Food Group Ltd.	16,000		18,716
Dongfang Electric Corp. Ltd.	6,000		13,318
Global Bio-Chem Technology Group Co. Ltd.	130,000		18,735
Golden Eagle Retail Group Ltd. (H Shares)	16,000		8,518
Industrial & Commercial Bank of China	177,000		74,836
Li Ning Co. Ltd.	12,000		16,668
Nine Dragons Paper (Holdings) Ltd.	97,000		26,846
Parkson Retail Group Ltd.	11,000		9,796
Tencent Holdings Ltd.	2,800		17,109
Zhuzhou CSR Times Electric Co. Ltd. (H Shares)	19,000		15,069
ZTE Corp. (H Shares)	4,800		13,662
TOTAL CHINA			475,578
Cyprus - 0.1%
Marfin Popular Bank Public Co.	17,539		39,746
XXI Century Investments Public Ltd. (a)	1,000		246
TOTAL CYPRUS			39,992
Czech Republic - 0.2%
Ceske Energeticke Zavody AS	850		29,411
Komercni Banka AS	100		11,136
Philip Morris CR AS	45		13,138
TOTAL CZECH REPUBLIC			53,685
Common Stocks - continued
	Shares		Value
Denmark - 0.7%
Novo Nordisk AS Series B sponsored ADR	2,900		$ 154,077
Vestas Wind Systems AS (a)	1,460		71,318
TOTAL DENMARK			225,395
Egypt - 0.2%
Commercial International Bank Ltd.	3,500		20,523
Eastern Tobacco Co.	400		12,575
Orascom Construction Industries	780		15,414
Telecom Egypt SAE	4,500		11,803
TOTAL EGYPT			60,315
Finland - 0.7%
Nokia Corp. sponsored ADR	13,700		168,099
Nokian Tyres Ltd.	3,500		34,325
Outotec Oyj	300		4,263
Poyry Oyj	700		7,214
TOTAL FINLAND			213,901
France - 6.4%
Alstom SA	1,088		52,828
Audika SA	2,800		57,716
AXA SA sponsored ADR	20,200		325,220
BNP Paribas SA	5,800		222,846
Compagnie de St. Gobain	1,300		44,231
Delachaux SA	791		40,792
GDF Suez	7,781		299,558
Groupe Danone	1,736		89,460
L'Air Liquide SA	500		36,511
Laurent-Perrier Group	590		33,237
Pernod Ricard SA	409		25,784
Pinault Printemps-Redoute SA	600		30,443
Remy Cointreau SA	1,171		31,252
Renault SA	1,000		19,409
Saft Groupe SA	580		14,243
Societe Generale Series A	1,200		50,623
Total SA:
Series B	7,600		378,713
sponsored ADR	3,600		179,208
Unibail-Rodamco	1,100		148,163
TOTAL FRANCE			2,080,237
Germany - 6.7%
Allianz AG sponsored ADR	46,900		390,677
Common Stocks - continued
	Shares		Value
Germany - continued
BASF AG	1,600		$ 46,541
Bayer AG	2,400		127,856
Bilfinger Berger AG	250		10,639
Daimler AG	10,200		285,498
E.ON AG	15,600		504,110
GEA Group AG	1,400		16,186
GFK AG	2,100		43,018
Linde AG	800		53,517
Muenchener Rueckversicherungs-Gesellschaft AG (Reg.)	3,100		411,578
RWE AG	400		31,173
Siemens AG sponsored ADR	3,100		173,786
Software AG (Bearer)	640		39,118
Tognum AG	2,700		30,005
Vossloh AG	240		24,222
TOTAL GERMANY			2,187,924
Greece - 0.2%
Public Power Corp. of Greece	4,600		77,386
Hong Kong - 1.8%
China Mobile (Hong Kong) Ltd.	9,500		85,518
China Mobile (Hong Kong) Ltd. sponsored ADR	800		35,976
China Overseas Land & Investment Ltd.	45,760		59,845
China Resources Power Holdings Co. Ltd.	6,000		11,007
CNOOC Ltd. sponsored ADR	560		48,182
CNPC (Hong Kong) Ltd.	40,000		11,286
Hong Kong Exchanges & Clearing Ltd.	9,200		79,022
Shanghai Industrial Holdings Ltd. (H Shares)	8,000		20,387
Sinotrans Shipping Ltd.	52,000		12,680
Swire Pacific Ltd. (A Shares)	32,500		209,885
TOTAL HONG KONG			573,788
India - 1.5%
Alembic Ltd.	10,000		6,305
Axis Bank Ltd. GDR (Reg. S)	1,700		14,960
Bank of Baroda	1,000		5,162
Bank of India	2,775		13,990
Bharat Heavy Electricals Ltd.	796		21,225
Bharti Airtel Ltd. (a)	14,633		187,921
Educomp Solutions Ltd.	900		32,682
Godrej Consumer Products Ltd.	6,000		15,990
Housing Development Finance Corp. Ltd.	800		24,712
ICICI Bank Ltd. sponsored ADR	1,800		29,664
Common Stocks - continued
	Shares		Value
India - continued
Infosys Technologies Ltd.	530		$ 13,930
Jain Irrigation Systems Ltd.	2,280		15,530
Pantaloon Retail India Ltd.	5,418		18,103
Piramal Healthcare Ltd.	5,000		21,503
Reliance Industries Ltd. GDR (Reg. S) (b)	424		22,684
Rolta India Ltd.	6,491		12,139
Rural Electrification Corp. Ltd.	130		210
Satyam Computer Services Ltd. sponsored ADR	100		190
Suzlon Energy Ltd.	20,812		19,789
Tata Power Co. Ltd.	1,000		15,389
Union Bank of India	2,000		6,008
TOTAL INDIA			498,086
Indonesia - 0.3%
PT Bank Rakyat Indonesia Tbk	64,000		25,060
PT Perusahaan Gas Negara Tbk Series B	102,000		19,258
PT Tambang Batubbara Bukit Asam Tbk	29,000		18,455
PT Telkomunikasi Indonesia Tbk Series B	35,000		19,214
TOTAL INDONESIA			81,987
Ireland - 1.0%
Allied Irish Banks PLC	44,900		64,359
CRH PLC	400		9,321
CRH PLC sponsored ADR	9,400		223,250
Dragon Oil PLC (a)	5,000		11,561
Kerry Group PLC Class A	300		5,627
TOTAL IRELAND			314,118
Israel - 1.2%
BluePhoenix Solutions Ltd. (a)	8,700		18,096
Cellcom Israel Ltd.	700		14,826
ECtel Ltd. (a)	4,800		2,352
Israel Chemicals Ltd.	9,700		68,883
Leadcom Integrated Solutions (a)	47,000		3,850
Mellanox Technologies Ltd. (a)	800		6,920
Mizrahi Tefahot Bank Ltd.	1,300		6,123
Orckit Communications Ltd. (a)	4,800		14,592
Partner Communications Co. Ltd. ADR	13,100		202,395
RADWARE Ltd. (a)	6,300		34,965
Teva Pharmaceutical Industries Ltd. sponsored ADR	800		33,160
TOTAL ISRAEL			406,162
Common Stocks - continued
	Shares		Value
Italy - 1.7%
ENI SpA sponsored ADR	3,100		$ 131,409
Fiat SpA	5,200		25,532
Finmeccanica SpA	6,500		102,110
UniCredit SpA	172,000		304,332
TOTAL ITALY			563,383
Japan - 16.4%
Aeon Co. Ltd.	10,900		87,535
Alpen Co. Ltd.	100		1,996
Autobacs Seven Co. Ltd.	400		10,722
Denso Corp.	6,900		125,025
Dydo Drinco, Inc.	200		5,738
East Japan Railway Co.	4,000		271,250
Fanuc Ltd.	1,000		59,266
FCC Co. Ltd.	300		2,953
Glory Ltd.	300		5,153
Ibiden Co. Ltd.	1,100		22,257
Japan Retail Fund Investment Corp.	15		65,977
JSR Corp.	4,900		59,577
Kamigumi Co. Ltd.	1,000		7,924
Kansai Electric Power Co., Inc.	6,400		175,422
Kenedix Realty Investment Corp.	1		2,606
Keyence Corp.	200		36,378
Kobayashi Pharmaceutical Co. Ltd.	3,300		124,690
Konica Minolta Holdings, Inc.	16,000		124,606
Miraca Holdings, Inc.	5,800		123,889
Mitsubishi Estate Co. Ltd.	2,000		26,228
Mitsubishi UFJ Financial Group, Inc.	27,900		154,779
Mitsubishi UFJ Financial Group, Inc. sponsored ADR	57,580		316,690
Mitsui & Co. Ltd.	45,000		469,612
Nagaileben Co. Ltd.	2,900		59,902
NGK Insulators Ltd.	7,300		93,822
Nintendo Co. Ltd.	300		87,360
Nippon Accommodations Fund, Inc.	1		4,287
Nippon Building Fund, Inc.	5		53,645
Nippon Electric Glass Co. Ltd.	3,000		19,802
Nippon Seiki Co. Ltd.	1,000		6,212
Nippon Thompson Co. Ltd.	2,000		8,175
Nitta Corp.	100		1,294
Nomura Holdings, Inc.	4,500		29,148
Obic Co. Ltd.	370		57,459
Ohashi Technica, Inc.	300		2,092
Common Stocks - continued
	Shares		Value
Japan - continued
ORIX Corp.	3,550		$ 154,990
Osaka Gas Co. Ltd.	84,000		357,916
Osaka Securities Exchange Co. Ltd.	19		86,226
Ozeki Co. Ltd.	2,600		74,975
Pal Co. Ltd.	250		2,896
Promise Co. Ltd.	11,150		204,651
SAZABY, Inc.	300		4,391
Seven & i Holdings Co., Ltd.	3,000		80,005
Shiseido Co. Ltd.	4,000		67,252
SHO-BOND Holdings Co. Ltd.	500		10,470
Sony Financial Holdings, Inc.	44		145,028
Sumitomo Corp.	9,600		86,880
Sumitomo Metal Industries Ltd.	33,000		66,034
Sumitomo Mitsui Financial Group, Inc.	4,300		170,424
Takeda Pharmaceutical Co. Ltd.	800		37,489
Temp Holdings Co., Ltd.	800		5,360
THK Co. Ltd.	600		7,616
Toho Pharmaceutical Co. Ltd.	400		4,492
Tokuyama Corp.	15,000		89,377
Tokyo Gas Co. Ltd.	29,000		137,179
Toyota Motor Corp.	14,500		466,464
Tsumura & Co.	3,900		128,577
Tsutsumi Jewelry Co. Ltd.	1,900		41,784
USS Co. Ltd.	1,630		69,708
Xebio Co. Ltd.	4,900		89,450
Yamada Denki Co. Ltd.	1,190		70,117
TOTAL JAPAN			5,363,222
Kazakhstan - 0.1%
JSC Halyk Bank of Kazakhstan unit	13,500		32,130
KazMunaiGas Exploration & Production JSC (Reg. S) GDR	1,300		16,510
TOTAL KAZAKHSTAN			48,640
Korea (South) - 1.0%
Hana Financial Group, Inc.	1,710		27,946
Hyundai Industrial Development & Construction Co.	746		19,484
Hyunjin Materials Co. Ltd.	978		21,447
KT&G Corp.	450		26,921
MegaStudy Co. Ltd.	100		12,056
Meritz Fire & Marine Insurance Co. Ltd.	3,410		8,651
NHN Corp. (a)	802		79,338
Samsung Electronics Co. Ltd.	90		31,250
Common Stocks - continued
	Shares		Value
Korea (South) - continued
Shinhan Financial Group Co. Ltd.	1,850		$ 37,324
Shinhan Financial Group Co. Ltd. sponsored ADR	800		31,896
Taewoong Co. Ltd.	330		21,293
TOTAL KOREA (SOUTH)			317,606
Malaysia - 0.1%
DiGi.com Bhd	2,400		13,595
Public Bank Bhd	10,000		24,253
TM International Sdn Bhd (a)	12,300		10,771
TOTAL MALAYSIA			48,619
Mexico - 1.6%
America Movil SAB de CV Series L sponsored ADR	11,450		326,440
Fomento Economico Mexicano SAB de CV sponsored ADR	2,300		64,745
Grupo Televisa SA de CV (CPO) sponsored ADR	1,700		23,783
Telmex Internacional SAB de CV Series L ADR	1,400		13,314
Wal-Mart de Mexico SA de CV Series V	50,500		105,342
TOTAL MEXICO			533,624
Netherlands - 2.1%
ASML Holding NV (NY Shares)	14,600		241,484
Gemalto NV (a)	2,600		63,946
Heineken NV (Bearer)	1,500		44,266
ING Groep NV (Certificaten Van Aandelen)	4,100		33,835
Koninklijke KPN NV	12,300		164,563
QIAGEN NV (a)	4,400		75,460
Unilever NV (NY Shares)	3,600		79,092
TOTAL NETHERLANDS			702,646
Nigeria - 0.0%
Guaranty Trust Bank PLC (Reg. S) unit	600		1,398
Norway - 1.1%
DnB Nor ASA	25,100		85,499
Orkla ASA (A Shares)	31,000		206,941
Petroleum Geo-Services ASA (a)	17,400		57,135
TOTAL NORWAY			349,575
Oman - 0.0%
BankMuscat SAOG sponsored GDR	400		2,400
Common Stocks - continued
	Shares		Value
Papua New Guinea - 0.2%
Lihir Gold Ltd. sponsored ADR (a)	2,600		$ 52,390
Oil Search Ltd.	7,037		19,053
TOTAL PAPUA NEW GUINEA			71,443
Peru - 0.1%
Compania de Minas Buenaventura SA sponsored ADR	1,700		32,028
Philippines - 0.6%
Alliance Global Group, Inc. (a)	310,000		10,939
Jollibee Food Corp.	69,000		58,644
Philippine Long Distance Telephone Co.	300		13,427
Philippine Long Distance Telephone Co. sponsored ADR	2,800		123,900
TOTAL PHILIPPINES			206,910
Poland - 0.1%
Bank Polska Kasa Opieki SA	300		9,387
Eurocash SA	5,700		13,908
TOTAL POLAND			23,295
Russia - 0.5%
Bank St. Petersburg OJSC	4,600		3,202
Mobile TeleSystems OJSC sponsored ADR	600		12,780
OAO Gazprom sponsored ADR	7,080		92,819
OJSC Oil Co. Rosneft GDR (Reg. S) unit	5,600		17,416
Sberbank (Savings Bank of the Russian Federation) GDR	190		17,758
Uralkali JSC	6,400		7,538
TOTAL RUSSIA			151,513
Singapore - 0.7%
DBS Group Holdings Ltd.	27,000		155,442
Singapore Exchange Ltd.	20,000		67,024
TOTAL SINGAPORE			222,466
South Africa - 2.0%
African Bank Investments Ltd.	2,600		6,645
African Rainbow Minerals Ltd.	11,663		135,468
Aspen Pharmacare Holdings Ltd. (a)	2,100		8,659
Bidvest Group Ltd.	1,980		19,263
Exxaro Resources Ltd.	2,300		15,227
FirstRand Ltd.	16,900		24,423
Harmony Gold Mining Co. Ltd. sponsored ADR (a)	3,200		37,760
Impala Platinum Holdings Ltd.	7,300		83,697
MTN Group Ltd.	24,103		228,949
Naspers Ltd. Class N	1,100		16,794
Common Stocks - continued
	Shares		Value
South Africa - continued
Raubex Group Ltd.	7,100		$ 11,747
Sasol Ltd. sponsored ADR	1,700		45,135
Truworths International Ltd.	2,600		8,937
TOTAL SOUTH AFRICA			642,704
Spain - 2.7%
Banco Bilbao Vizcaya Argentaria SA sponsored ADR	8,800		81,752
Banco Santander SA	4,300		34,793
Grifols SA	9,119		160,882
Inditex SA	1,300		49,732
Prosegur Comp Securidad SA (Reg.)	2,600		79,924
Telefonica SA sponsored ADR	8,700		466,407
TOTAL SPAIN			873,490
Sweden - 0.9%
H&M Hennes & Mauritz AB (B Shares)	3,400		131,629
Swedish Match Co.	10,000		135,321
Telefonaktiebolaget LM Ericsson (B Shares)	4,800		37,755
TOTAL SWEDEN			304,705
Switzerland - 10.2%
ABB Ltd. sponsored ADR	4,000		52,200
Actelion Ltd. (Reg.) (a)	2,310		125,866
Bank Sarasin & Co. Ltd. Series B (Reg.)	5,352		128,967
Credit Suisse Group sponsored ADR	2,300		58,627
EFG International	12,640		153,655
Nestle SA (Reg.)	22,380		775,264
Novartis AG sponsored ADR	9,300		383,718
Roche Holding AG (participation certificate)	6,067		854,679
Sonova Holding AG	3,882		187,423
Swiss Life Holding AG	861		46,914
The Swatch Group AG (Reg.)	671		14,983
Transocean Ltd. (a)	3,420		186,800
UBS AG:
(For. Reg.)	2,661		33,370
(NY Shares)	7,800		97,110
Zurich Financial Services AG (Reg.)	1,370		248,039
TOTAL SWITZERLAND			3,347,615
Taiwan - 0.6%
Acer, Inc.	5,000		6,179
Asia Cement Corp.	20,000		14,005
China Steel Corp.	31,810		21,366
Common Stocks - continued
	Shares		Value
Taiwan - continued
First Financial Holding Co. Ltd.	57,600		$ 24,641
Fubon Financial Holding Co. Ltd.	14,000		8,357
Hon Hai Precision Industry Co. Ltd. (Foxconn)	39,100		68,522
HTC Corp.	2,600		24,552
Innolux Display Corp.	31,900		24,120
Powertech Technology, Inc.	5,500		7,433
Taiwan Mobile Co. Ltd.	7,000		9,734
TOTAL TAIWAN			208,909
Thailand - 0.2%
PTT Exploration & Production PCL (For. Reg.)	7,100		19,533
Siam Commercial Bank PCL (For. Reg.)	28,000		41,017
Total Access Communication PCL (For. Reg.)	22,600		18,782
TOTAL THAILAND			79,332
Turkey - 0.6%
Anadolu Efes Biracilik ve Malt Sanyii AS	13,830		93,418
Asya Katilim Bankasi AS	12,200		7,944
Tupras-Turkiye Petrol Rafinerileri AS	6,500		62,101
Turkiye Garanti Bankasi AS (a)	20,200		27,658
TOTAL TURKEY			191,121
United Kingdom - 14.7%
Aegis Group PLC	73,100		81,067
Anglo American PLC (United Kingdom)	3,342		61,334
Autonomy Corp. PLC (a)	8,100		128,459
BAE Systems PLC	44,400		258,906
Begbies Traynor Group PLC	3,400		5,668
Bellway PLC	1,500		12,525
BG Group PLC	18,900		260,422
BHP Billiton PLC	2,300		39,377
BHP Billiton PLC ADR	9,000		304,470
Bovis Homes Group PLC	19,200		107,436
BP PLC sponsored ADR	2,800		118,916
British American Tobacco PLC sponsored ADR	2,300		126,730
Cairn Energy PLC (a)	500		13,192
Centrica PLC	8,225		30,762
Charter International PLC	1,000		5,570
Cobham PLC	20,400		63,286
easyJet PLC (a)	15,100		65,450
F&C Asset Management PLC	8,841		9,356
H&T Group PLC	3,700		10,164
HSBC Holdings PLC (United Kingdom) (Reg.)	8,563		66,459
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Imperial Tobacco Group PLC	700		$ 19,209
Informa PLC	33,800		117,473
Johnson Matthey PLC	4,400		62,126
Lloyds TSB Group PLC	47,044		61,855
Man Group PLC	69,275		207,125
Misys PLC	45,300		76,505
National Grid PLC	2,700		25,363
Persimmon PLC	2,000		8,372
Prudential PLC	31,300		151,322
Randgold Resources Ltd. sponsored ADR	500		22,230
Reckitt Benckiser Group PLC	8,100		314,103
Rio Tinto PLC:
(Reg.)	2,300		49,442
sponsored ADR	790		68,533
Royal Bank of Scotland Group PLC	240,066		76,563
Royal Dutch Shell PLC:
Class A (United Kingdom)	8,200		205,647
Class A sponsored ADR	9,400		462,762
Serco Group PLC	44,500		283,358
Spirax-Sarco Engineering PLC	4,184		50,615
SSL International PLC	4,900		35,801
Standard Chartered PLC (United Kingdom)	6,000		76,194
Ted Baker PLC	8,100		40,804
Tesco PLC	37,000		192,128
Ultra Electronics Holdings PLC	1,900		32,005
Vodafone Group PLC	33,100		61,497
Vodafone Group PLC sponsored ADR	17,400		323,466
TOTAL UNITED KINGDOM			4,794,047
United States of America - 5.8%
Advanced Energy Industries, Inc. (a)	3,400		30,532
Airgas, Inc.	380		13,418
Allergan, Inc.	1,400		53,368
Autoliv, Inc.	1,500		27,585
Berkshire Hathaway, Inc. Class B (a)	90		269,010
CyberSource Corp. (a)	14,000		167,020
Ecolab, Inc.	1,200		40,752
FMC Technologies, Inc. (a)	1,790		52,966
Freeport-McMoRan Copper & Gold, Inc. Class B	800		20,112
Gilead Sciences, Inc. (a)	2,300		116,771
Goldman Sachs Group, Inc.	600		48,438
JPMorgan Chase & Co.	2,400		61,224
Common Stocks - continued
	Shares		Value
United States of America - continued
Juniper Networks, Inc. (a)	7,000		$ 99,120
Lululemon Athletica, Inc. (a)	1,200		8,160
MasterCard, Inc. Class A	500		67,890
Mohawk Industries, Inc. (a)	1,740		55,871
Philip Morris International, Inc.	4,300		159,745
Pricesmart, Inc.	9,795		159,659
SanDisk Corp. (a)	3,900		44,577
Varian Semiconductor Equipment Associates, Inc. (a)	3,100		59,024
Visa, Inc.	6,610		326,204
TOTAL UNITED STATES OF AMERICA			1,881,446
TOTAL COMMON STOCKS (Cost $52,722,614)		31,745,748
Nonconvertible Preferred Stocks - 0.4%

Germany - 0.1%
ProSiebenSat.1 Media AG	8,000		17,514
Italy - 0.3%
Fiat SpA (Risp)	3,200		11,533
Telecom Italia SpA (Risp)	104,200		101,123
TOTAL ITALY			112,656
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $283,646)		130,170
Investment Companies - 0.2%

United States of America - 0.2%
CurrencyShares Japanese Yen Trust ETF (a) (Cost $55,160)	500		55,450
Cash Equivalents - 1.6%
	Maturity Amount		Value
Investments in repurchase agreements in a joint trading account at 0.24%, dated 1/30/09 due 2/2/09 (Collateralized by U.S. Treasury Obligations) # (Cost $531,000)	$ 531,011		$ 531,000
TOTAL INVESTMENT PORTFOLIO - 99.3% (Cost $53,592,420)			32,462,368
NET OTHER ASSETS - 0.7%			217,303
NET ASSETS - 100%		$ 32,679,671

Security Type Abbreviation

ETF - Exchange-Traded Fund

Legend

(a) Non-income producing

(b) 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 $24,448 or 0.1% of net assets.

# Additional Information on each counterparty to the repurchase agreement is as follows:

Repurchase Agreement / Counterparty	Value
$531,000 due 2/02/09 at 0.24%
J.P. Morgan Securities, Inc.	$ 393,180
UBS Securities LLC	137,820
	$ 531,000

Other Information

The following is a summary of the inputs used, as of January 31, 2009, 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	$ 32,462,368	$ 21,970,896	$ 10,491,472	$ -

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

	Investments in Securities
Beginning Balance	$ 16,955
Total Realized Gain (Loss)	(71,038)
Total Unrealized Gain (Loss)	64,053
Cost of Purchases	-
Proceeds of Sales	(9,970)
Amortization/Accretion	-
Transfer in/out of Level 3	-
Ending Balance	$ -

Income Tax Information

At January 31, 2009, the aggregate cost of investment securities for income tax purposes was $54,593,327. Net unrealized depreciation aggregated $22,130,959, of which $591,409 related to appreciated investment securities and $22,722,368 related to depreciated investment securities.

Investment Valuation

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Advisor
Total International Equity Fund
Class A
Class T
Class B
Class C
Institutional Class

January 31, 2009

1.863098.101

ATIE-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.1%
	Shares		Value
Australia - 3.1%
AMP Ltd.	33,342		$ 109,958
CSL Ltd.	12,391		292,211
Lion Nathan Ltd.	2,082		10,717
Macquarie Airports unit	35,721		51,207
Macquarie Group Ltd.	3,378		54,010
Macquarie Infrastructure Group unit	58,602		58,597
QBE Insurance Group Ltd.	7,411		111,456
Sino Gold Mining Ltd. (a)	7,734		23,908
Woolworths Ltd.	17,822		310,225
TOTAL AUSTRALIA			1,022,289
Austria - 0.0%
Andritz AG	100		2,983
Bahrain - 0.0%
Gulf Finance House BSC GDR (b)	300		1,764
Belgium - 1.0%
Anheuser-Busch InBev NV	10,080		256,947
Anheuser-Busch InBev NV (strip VVPR) (a)	6,080		31
Hansen Transmission International NV (a)	3,800		5,839
Umicore SA	3,100		57,986
TOTAL BELGIUM			320,803
Bermuda - 0.6%
Aquarius Platinum Ltd. (Australia)	6,885		16,599
C C Land Holdings Ltd.	21,000		5,140
Central European Media Enterprises Ltd. Class A (a)	500		4,930
Credicorp Ltd. (NY Shares)	500		20,650
Ports Design Ltd.	52,000		52,591
Seadrill Ltd.	12,700		105,951
TOTAL BERMUDA			205,861
Brazil - 2.7%
America Latina Logistica SA unit	4,100		15,605
Anhanguera Educacional Participacoes SA unit	1,418		7,457
B2W Companhia Global Do Varejo	500		5,345
Banco ABC Brasil SA	1,000		2,069
Banco Bradesco SA:
(PN)	6,000		53,793
(PN) sponsored ADR	800		7,160
BM&F BOVESPA SA	13,300		38,639
Companhia Energetica de Minas Gerais (CEMIG) (PN) sponsored ADR (non-vtg.)	600		8,154
Common Stocks - continued
	Shares		Value
Brazil - continued
Companhia Siderurgica Nacional SA (CSN) sponsored ADR	1,300		$ 19,630
Companhia Vale do Rio Doce sponsored ADR	11,600		163,676
GVT Holding SA (a)	1,700		18,026
Iguatemi Empresa de Shopping Centers SA	1,700		8,793
Medial Saude SA	700		2,142
Natura Cosmeticos SA	1,400		12,087
Net Servicos de Comunicacao SA sponsored ADR	2,900		18,473
OGX Petroleo e Gas Participacoes SA	100		24,125
Petroleo Brasileiro SA - Petrobras:
(PN) sponsored ADR (non-vtg.)	3,600		77,976
sponsored ADR	9,800		256,760
Tele Norte Leste Participacoes SA sponsored ADR (non-vtg.)	1,200		14,760
Uniao de Bancos Brasileiros SA (Unibanco) GDR	1,821		102,486
Usinas Siderurgicas de Minas Gerais SA - Usiminas (PN-A) (non-vtg.)	1,750		21,664
Votorantim Celulose e Papel SA sponsored ADR (non-vtg.)	3,100		17,980
TOTAL BRAZIL			896,800
Canada - 2.4%
Addax Petroleum, Inc.	500		7,994
Agnico-Eagle Mines Ltd.	4,660		248,995
Canadian Natural Resources Ltd.	4,100		146,795
Eldorado Gold Corp. (a)	1,400		10,964
Fairfax Financial Holdings Ltd.	120		39,049
First Quantum Minerals Ltd.	2,300		40,921
Harry Winston Diamond Corp.	10,100		40,207
Niko Resources Ltd.	160		6,584
Petrobank Energy & Resources Ltd. (a)	7,400		117,111
Potash Corp. of Saskatchewan, Inc.	500		37,430
Power Corp. of Canada (sub. vtg.)	1,400		24,155
Royal Bank of Canada	2,300		57,057
Sino-Forest Corp. (a)	1,600		12,008
TOTAL CANADA			789,270
Cayman Islands - 0.8%
AAC Acoustic Technology Holdings, Inc. (a)	14,000		4,501
Chaoda Modern Agriculture (Holdings) Ltd.	158,216		99,904
China Digital TV Holding Co. Ltd. ADR	1,300		8,138
China Dongxiang Group Co. Ltd.	187,000		53,933
CNinsure, Inc. ADR (a)	500		3,665
Foxconn International Holdings Ltd. (a)	23,000		8,414
Himax Technologies, Inc. sponsored ADR	3,800		6,384
Stella International Holdings Ltd.	14,000		12,115
Common Stocks - continued
	Shares		Value
Cayman Islands - continued
Subsea 7, Inc. (a)	3,500		$ 18,313
Suntech Power Holdings Co. Ltd. sponsored ADR (a)	900		8,469
The United Laboratories International Holdings Ltd.	34,000		7,852
Xinao Gas Holdings Ltd.	12,000		10,742
Yingli Green Energy Holding Co. Ltd. ADR (a)	2,300		12,857
TOTAL CAYMAN ISLANDS			255,287
China - 1.5%
Baidu.com, Inc. sponsored ADR (a)	200		25,754
China Construction Bank Corp. (H Shares)	161,000		78,525
China Gas Holdings Ltd.	104,000		14,643
China Merchants Bank Co. Ltd. (H Shares)	33,000		53,289
China Petroleum & Chemical Corp. Class H sponsored ADR	500		27,030
China Shenhua Energy Co. Ltd. (H Shares)	12,000		25,585
China South Locomotive & Rolling Stock Corp. Ltd. (H Shares)	37,000		17,479
China Yurun Food Group Ltd.	16,000		18,716
Dongfang Electric Corp. Ltd.	6,000		13,318
Global Bio-Chem Technology Group Co. Ltd.	130,000		18,735
Golden Eagle Retail Group Ltd. (H Shares)	16,000		8,518
Industrial & Commercial Bank of China	177,000		74,836
Li Ning Co. Ltd.	12,000		16,668
Nine Dragons Paper (Holdings) Ltd.	97,000		26,846
Parkson Retail Group Ltd.	11,000		9,796
Tencent Holdings Ltd.	2,800		17,109
Zhuzhou CSR Times Electric Co. Ltd. (H Shares)	19,000		15,069
ZTE Corp. (H Shares)	4,800		13,662
TOTAL CHINA			475,578
Cyprus - 0.1%
Marfin Popular Bank Public Co.	17,539		39,746
XXI Century Investments Public Ltd. (a)	1,000		246
TOTAL CYPRUS			39,992
Czech Republic - 0.2%
Ceske Energeticke Zavody AS	850		29,411
Komercni Banka AS	100		11,136
Philip Morris CR AS	45		13,138
TOTAL CZECH REPUBLIC			53,685
Common Stocks - continued
	Shares		Value
Denmark - 0.7%
Novo Nordisk AS Series B sponsored ADR	2,900		$ 154,077
Vestas Wind Systems AS (a)	1,460		71,318
TOTAL DENMARK			225,395
Egypt - 0.2%
Commercial International Bank Ltd.	3,500		20,523
Eastern Tobacco Co.	400		12,575
Orascom Construction Industries	780		15,414
Telecom Egypt SAE	4,500		11,803
TOTAL EGYPT			60,315
Finland - 0.7%
Nokia Corp. sponsored ADR	13,700		168,099
Nokian Tyres Ltd.	3,500		34,325
Outotec Oyj	300		4,263
Poyry Oyj	700		7,214
TOTAL FINLAND			213,901
France - 6.4%
Alstom SA	1,088		52,828
Audika SA	2,800		57,716
AXA SA sponsored ADR	20,200		325,220
BNP Paribas SA	5,800		222,846
Compagnie de St. Gobain	1,300		44,231
Delachaux SA	791		40,792
GDF Suez	7,781		299,558
Groupe Danone	1,736		89,460
L'Air Liquide SA	500		36,511
Laurent-Perrier Group	590		33,237
Pernod Ricard SA	409		25,784
Pinault Printemps-Redoute SA	600		30,443
Remy Cointreau SA	1,171		31,252
Renault SA	1,000		19,409
Saft Groupe SA	580		14,243
Societe Generale Series A	1,200		50,623
Total SA:
Series B	7,600		378,713
sponsored ADR	3,600		179,208
Unibail-Rodamco	1,100		148,163
TOTAL FRANCE			2,080,237
Germany - 6.7%
Allianz AG sponsored ADR	46,900		390,677
Common Stocks - continued
	Shares		Value
Germany - continued
BASF AG	1,600		$ 46,541
Bayer AG	2,400		127,856
Bilfinger Berger AG	250		10,639
Daimler AG	10,200		285,498
E.ON AG	15,600		504,110
GEA Group AG	1,400		16,186
GFK AG	2,100		43,018
Linde AG	800		53,517
Muenchener Rueckversicherungs-Gesellschaft AG (Reg.)	3,100		411,578
RWE AG	400		31,173
Siemens AG sponsored ADR	3,100		173,786
Software AG (Bearer)	640		39,118
Tognum AG	2,700		30,005
Vossloh AG	240		24,222
TOTAL GERMANY			2,187,924
Greece - 0.2%
Public Power Corp. of Greece	4,600		77,386
Hong Kong - 1.8%
China Mobile (Hong Kong) Ltd.	9,500		85,518
China Mobile (Hong Kong) Ltd. sponsored ADR	800		35,976
China Overseas Land & Investment Ltd.	45,760		59,845
China Resources Power Holdings Co. Ltd.	6,000		11,007
CNOOC Ltd. sponsored ADR	560		48,182
CNPC (Hong Kong) Ltd.	40,000		11,286
Hong Kong Exchanges & Clearing Ltd.	9,200		79,022
Shanghai Industrial Holdings Ltd. (H Shares)	8,000		20,387
Sinotrans Shipping Ltd.	52,000		12,680
Swire Pacific Ltd. (A Shares)	32,500		209,885
TOTAL HONG KONG			573,788
India - 1.5%
Alembic Ltd.	10,000		6,305
Axis Bank Ltd. GDR (Reg. S)	1,700		14,960
Bank of Baroda	1,000		5,162
Bank of India	2,775		13,990
Bharat Heavy Electricals Ltd.	796		21,225
Bharti Airtel Ltd. (a)	14,633		187,921
Educomp Solutions Ltd.	900		32,682
Godrej Consumer Products Ltd.	6,000		15,990
Housing Development Finance Corp. Ltd.	800		24,712
ICICI Bank Ltd. sponsored ADR	1,800		29,664
Common Stocks - continued
	Shares		Value
India - continued
Infosys Technologies Ltd.	530		$ 13,930
Jain Irrigation Systems Ltd.	2,280		15,530
Pantaloon Retail India Ltd.	5,418		18,103
Piramal Healthcare Ltd.	5,000		21,503
Reliance Industries Ltd. GDR (Reg. S) (b)	424		22,684
Rolta India Ltd.	6,491		12,139
Rural Electrification Corp. Ltd.	130		210
Satyam Computer Services Ltd. sponsored ADR	100		190
Suzlon Energy Ltd.	20,812		19,789
Tata Power Co. Ltd.	1,000		15,389
Union Bank of India	2,000		6,008
TOTAL INDIA			498,086
Indonesia - 0.3%
PT Bank Rakyat Indonesia Tbk	64,000		25,060
PT Perusahaan Gas Negara Tbk Series B	102,000		19,258
PT Tambang Batubbara Bukit Asam Tbk	29,000		18,455
PT Telkomunikasi Indonesia Tbk Series B	35,000		19,214
TOTAL INDONESIA			81,987
Ireland - 1.0%
Allied Irish Banks PLC	44,900		64,359
CRH PLC	400		9,321
CRH PLC sponsored ADR	9,400		223,250
Dragon Oil PLC (a)	5,000		11,561
Kerry Group PLC Class A	300		5,627
TOTAL IRELAND			314,118
Israel - 1.2%
BluePhoenix Solutions Ltd. (a)	8,700		18,096
Cellcom Israel Ltd.	700		14,826
ECtel Ltd. (a)	4,800		2,352
Israel Chemicals Ltd.	9,700		68,883
Leadcom Integrated Solutions (a)	47,000		3,850
Mellanox Technologies Ltd. (a)	800		6,920
Mizrahi Tefahot Bank Ltd.	1,300		6,123
Orckit Communications Ltd. (a)	4,800		14,592
Partner Communications Co. Ltd. ADR	13,100		202,395
RADWARE Ltd. (a)	6,300		34,965
Teva Pharmaceutical Industries Ltd. sponsored ADR	800		33,160
TOTAL ISRAEL			406,162
Common Stocks - continued
	Shares		Value
Italy - 1.7%
ENI SpA sponsored ADR	3,100		$ 131,409
Fiat SpA	5,200		25,532
Finmeccanica SpA	6,500		102,110
UniCredit SpA	172,000		304,332
TOTAL ITALY			563,383
Japan - 16.4%
Aeon Co. Ltd.	10,900		87,535
Alpen Co. Ltd.	100		1,996
Autobacs Seven Co. Ltd.	400		10,722
Denso Corp.	6,900		125,025
Dydo Drinco, Inc.	200		5,738
East Japan Railway Co.	4,000		271,250
Fanuc Ltd.	1,000		59,266
FCC Co. Ltd.	300		2,953
Glory Ltd.	300		5,153
Ibiden Co. Ltd.	1,100		22,257
Japan Retail Fund Investment Corp.	15		65,977
JSR Corp.	4,900		59,577
Kamigumi Co. Ltd.	1,000		7,924
Kansai Electric Power Co., Inc.	6,400		175,422
Kenedix Realty Investment Corp.	1		2,606
Keyence Corp.	200		36,378
Kobayashi Pharmaceutical Co. Ltd.	3,300		124,690
Konica Minolta Holdings, Inc.	16,000		124,606
Miraca Holdings, Inc.	5,800		123,889
Mitsubishi Estate Co. Ltd.	2,000		26,228
Mitsubishi UFJ Financial Group, Inc.	27,900		154,779
Mitsubishi UFJ Financial Group, Inc. sponsored ADR	57,580		316,690
Mitsui & Co. Ltd.	45,000		469,612
Nagaileben Co. Ltd.	2,900		59,902
NGK Insulators Ltd.	7,300		93,822
Nintendo Co. Ltd.	300		87,360
Nippon Accommodations Fund, Inc.	1		4,287
Nippon Building Fund, Inc.	5		53,645
Nippon Electric Glass Co. Ltd.	3,000		19,802
Nippon Seiki Co. Ltd.	1,000		6,212
Nippon Thompson Co. Ltd.	2,000		8,175
Nitta Corp.	100		1,294
Nomura Holdings, Inc.	4,500		29,148
Obic Co. Ltd.	370		57,459
Ohashi Technica, Inc.	300		2,092
Common Stocks - continued
	Shares		Value
Japan - continued
ORIX Corp.	3,550		$ 154,990
Osaka Gas Co. Ltd.	84,000		357,916
Osaka Securities Exchange Co. Ltd.	19		86,226
Ozeki Co. Ltd.	2,600		74,975
Pal Co. Ltd.	250		2,896
Promise Co. Ltd.	11,150		204,651
SAZABY, Inc.	300		4,391
Seven & i Holdings Co., Ltd.	3,000		80,005
Shiseido Co. Ltd.	4,000		67,252
SHO-BOND Holdings Co. Ltd.	500		10,470
Sony Financial Holdings, Inc.	44		145,028
Sumitomo Corp.	9,600		86,880
Sumitomo Metal Industries Ltd.	33,000		66,034
Sumitomo Mitsui Financial Group, Inc.	4,300		170,424
Takeda Pharmaceutical Co. Ltd.	800		37,489
Temp Holdings Co., Ltd.	800		5,360
THK Co. Ltd.	600		7,616
Toho Pharmaceutical Co. Ltd.	400		4,492
Tokuyama Corp.	15,000		89,377
Tokyo Gas Co. Ltd.	29,000		137,179
Toyota Motor Corp.	14,500		466,464
Tsumura & Co.	3,900		128,577
Tsutsumi Jewelry Co. Ltd.	1,900		41,784
USS Co. Ltd.	1,630		69,708
Xebio Co. Ltd.	4,900		89,450
Yamada Denki Co. Ltd.	1,190		70,117
TOTAL JAPAN			5,363,222
Kazakhstan - 0.1%
JSC Halyk Bank of Kazakhstan unit	13,500		32,130
KazMunaiGas Exploration & Production JSC (Reg. S) GDR	1,300		16,510
TOTAL KAZAKHSTAN			48,640
Korea (South) - 1.0%
Hana Financial Group, Inc.	1,710		27,946
Hyundai Industrial Development & Construction Co.	746		19,484
Hyunjin Materials Co. Ltd.	978		21,447
KT&G Corp.	450		26,921
MegaStudy Co. Ltd.	100		12,056
Meritz Fire & Marine Insurance Co. Ltd.	3,410		8,651
NHN Corp. (a)	802		79,338
Samsung Electronics Co. Ltd.	90		31,250
Common Stocks - continued
	Shares		Value
Korea (South) - continued
Shinhan Financial Group Co. Ltd.	1,850		$ 37,324
Shinhan Financial Group Co. Ltd. sponsored ADR	800		31,896
Taewoong Co. Ltd.	330		21,293
TOTAL KOREA (SOUTH)			317,606
Malaysia - 0.1%
DiGi.com Bhd	2,400		13,595
Public Bank Bhd	10,000		24,253
TM International Sdn Bhd (a)	12,300		10,771
TOTAL MALAYSIA			48,619
Mexico - 1.6%
America Movil SAB de CV Series L sponsored ADR	11,450		326,440
Fomento Economico Mexicano SAB de CV sponsored ADR	2,300		64,745
Grupo Televisa SA de CV (CPO) sponsored ADR	1,700		23,783
Telmex Internacional SAB de CV Series L ADR	1,400		13,314
Wal-Mart de Mexico SA de CV Series V	50,500		105,342
TOTAL MEXICO			533,624
Netherlands - 2.1%
ASML Holding NV (NY Shares)	14,600		241,484
Gemalto NV (a)	2,600		63,946
Heineken NV (Bearer)	1,500		44,266
ING Groep NV (Certificaten Van Aandelen)	4,100		33,835
Koninklijke KPN NV	12,300		164,563
QIAGEN NV (a)	4,400		75,460
Unilever NV (NY Shares)	3,600		79,092
TOTAL NETHERLANDS			702,646
Nigeria - 0.0%
Guaranty Trust Bank PLC (Reg. S) unit	600		1,398
Norway - 1.1%
DnB Nor ASA	25,100		85,499
Orkla ASA (A Shares)	31,000		206,941
Petroleum Geo-Services ASA (a)	17,400		57,135
TOTAL NORWAY			349,575
Oman - 0.0%
BankMuscat SAOG sponsored GDR	400		2,400
Common Stocks - continued
	Shares		Value
Papua New Guinea - 0.2%
Lihir Gold Ltd. sponsored ADR (a)	2,600		$ 52,390
Oil Search Ltd.	7,037		19,053
TOTAL PAPUA NEW GUINEA			71,443
Peru - 0.1%
Compania de Minas Buenaventura SA sponsored ADR	1,700		32,028
Philippines - 0.6%
Alliance Global Group, Inc. (a)	310,000		10,939
Jollibee Food Corp.	69,000		58,644
Philippine Long Distance Telephone Co.	300		13,427
Philippine Long Distance Telephone Co. sponsored ADR	2,800		123,900
TOTAL PHILIPPINES			206,910
Poland - 0.1%
Bank Polska Kasa Opieki SA	300		9,387
Eurocash SA	5,700		13,908
TOTAL POLAND			23,295
Russia - 0.5%
Bank St. Petersburg OJSC	4,600		3,202
Mobile TeleSystems OJSC sponsored ADR	600		12,780
OAO Gazprom sponsored ADR	7,080		92,819
OJSC Oil Co. Rosneft GDR (Reg. S) unit	5,600		17,416
Sberbank (Savings Bank of the Russian Federation) GDR	190		17,758
Uralkali JSC	6,400		7,538
TOTAL RUSSIA			151,513
Singapore - 0.7%
DBS Group Holdings Ltd.	27,000		155,442
Singapore Exchange Ltd.	20,000		67,024
TOTAL SINGAPORE			222,466
South Africa - 2.0%
African Bank Investments Ltd.	2,600		6,645
African Rainbow Minerals Ltd.	11,663		135,468
Aspen Pharmacare Holdings Ltd. (a)	2,100		8,659
Bidvest Group Ltd.	1,980		19,263
Exxaro Resources Ltd.	2,300		15,227
FirstRand Ltd.	16,900		24,423
Harmony Gold Mining Co. Ltd. sponsored ADR (a)	3,200		37,760
Impala Platinum Holdings Ltd.	7,300		83,697
MTN Group Ltd.	24,103		228,949
Naspers Ltd. Class N	1,100		16,794
Common Stocks - continued
	Shares		Value
South Africa - continued
Raubex Group Ltd.	7,100		$ 11,747
Sasol Ltd. sponsored ADR	1,700		45,135
Truworths International Ltd.	2,600		8,937
TOTAL SOUTH AFRICA			642,704
Spain - 2.7%
Banco Bilbao Vizcaya Argentaria SA sponsored ADR	8,800		81,752
Banco Santander SA	4,300		34,793
Grifols SA	9,119		160,882
Inditex SA	1,300		49,732
Prosegur Comp Securidad SA (Reg.)	2,600		79,924
Telefonica SA sponsored ADR	8,700		466,407
TOTAL SPAIN			873,490
Sweden - 0.9%
H&M Hennes & Mauritz AB (B Shares)	3,400		131,629
Swedish Match Co.	10,000		135,321
Telefonaktiebolaget LM Ericsson (B Shares)	4,800		37,755
TOTAL SWEDEN			304,705
Switzerland - 10.2%
ABB Ltd. sponsored ADR	4,000		52,200
Actelion Ltd. (Reg.) (a)	2,310		125,866
Bank Sarasin & Co. Ltd. Series B (Reg.)	5,352		128,967
Credit Suisse Group sponsored ADR	2,300		58,627
EFG International	12,640		153,655
Nestle SA (Reg.)	22,380		775,264
Novartis AG sponsored ADR	9,300		383,718
Roche Holding AG (participation certificate)	6,067		854,679
Sonova Holding AG	3,882		187,423
Swiss Life Holding AG	861		46,914
The Swatch Group AG (Reg.)	671		14,983
Transocean Ltd. (a)	3,420		186,800
UBS AG:
(For. Reg.)	2,661		33,370
(NY Shares)	7,800		97,110
Zurich Financial Services AG (Reg.)	1,370		248,039
TOTAL SWITZERLAND			3,347,615
Taiwan - 0.6%
Acer, Inc.	5,000		6,179
Asia Cement Corp.	20,000		14,005
China Steel Corp.	31,810		21,366
Common Stocks - continued
	Shares		Value
Taiwan - continued
First Financial Holding Co. Ltd.	57,600		$ 24,641
Fubon Financial Holding Co. Ltd.	14,000		8,357
Hon Hai Precision Industry Co. Ltd. (Foxconn)	39,100		68,522
HTC Corp.	2,600		24,552
Innolux Display Corp.	31,900		24,120
Powertech Technology, Inc.	5,500		7,433
Taiwan Mobile Co. Ltd.	7,000		9,734
TOTAL TAIWAN			208,909
Thailand - 0.2%
PTT Exploration & Production PCL (For. Reg.)	7,100		19,533
Siam Commercial Bank PCL (For. Reg.)	28,000		41,017
Total Access Communication PCL (For. Reg.)	22,600		18,782
TOTAL THAILAND			79,332
Turkey - 0.6%
Anadolu Efes Biracilik ve Malt Sanyii AS	13,830		93,418
Asya Katilim Bankasi AS	12,200		7,944
Tupras-Turkiye Petrol Rafinerileri AS	6,500		62,101
Turkiye Garanti Bankasi AS (a)	20,200		27,658
TOTAL TURKEY			191,121
United Kingdom - 14.7%
Aegis Group PLC	73,100		81,067
Anglo American PLC (United Kingdom)	3,342		61,334
Autonomy Corp. PLC (a)	8,100		128,459
BAE Systems PLC	44,400		258,906
Begbies Traynor Group PLC	3,400		5,668
Bellway PLC	1,500		12,525
BG Group PLC	18,900		260,422
BHP Billiton PLC	2,300		39,377
BHP Billiton PLC ADR	9,000		304,470
Bovis Homes Group PLC	19,200		107,436
BP PLC sponsored ADR	2,800		118,916
British American Tobacco PLC sponsored ADR	2,300		126,730
Cairn Energy PLC (a)	500		13,192
Centrica PLC	8,225		30,762
Charter International PLC	1,000		5,570
Cobham PLC	20,400		63,286
easyJet PLC (a)	15,100		65,450
F&C Asset Management PLC	8,841		9,356
H&T Group PLC	3,700		10,164
HSBC Holdings PLC (United Kingdom) (Reg.)	8,563		66,459
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Imperial Tobacco Group PLC	700		$ 19,209
Informa PLC	33,800		117,473
Johnson Matthey PLC	4,400		62,126
Lloyds TSB Group PLC	47,044		61,855
Man Group PLC	69,275		207,125
Misys PLC	45,300		76,505
National Grid PLC	2,700		25,363
Persimmon PLC	2,000		8,372
Prudential PLC	31,300		151,322
Randgold Resources Ltd. sponsored ADR	500		22,230
Reckitt Benckiser Group PLC	8,100		314,103
Rio Tinto PLC:
(Reg.)	2,300		49,442
sponsored ADR	790		68,533
Royal Bank of Scotland Group PLC	240,066		76,563
Royal Dutch Shell PLC:
Class A (United Kingdom)	8,200		205,647
Class A sponsored ADR	9,400		462,762
Serco Group PLC	44,500		283,358
Spirax-Sarco Engineering PLC	4,184		50,615
SSL International PLC	4,900		35,801
Standard Chartered PLC (United Kingdom)	6,000		76,194
Ted Baker PLC	8,100		40,804
Tesco PLC	37,000		192,128
Ultra Electronics Holdings PLC	1,900		32,005
Vodafone Group PLC	33,100		61,497
Vodafone Group PLC sponsored ADR	17,400		323,466
TOTAL UNITED KINGDOM			4,794,047
United States of America - 5.8%
Advanced Energy Industries, Inc. (a)	3,400		30,532
Airgas, Inc.	380		13,418
Allergan, Inc.	1,400		53,368
Autoliv, Inc.	1,500		27,585
Berkshire Hathaway, Inc. Class B (a)	90		269,010
CyberSource Corp. (a)	14,000		167,020
Ecolab, Inc.	1,200		40,752
FMC Technologies, Inc. (a)	1,790		52,966
Freeport-McMoRan Copper & Gold, Inc. Class B	800		20,112
Gilead Sciences, Inc. (a)	2,300		116,771
Goldman Sachs Group, Inc.	600		48,438
JPMorgan Chase & Co.	2,400		61,224
Common Stocks - continued
	Shares		Value
United States of America - continued
Juniper Networks, Inc. (a)	7,000		$ 99,120
Lululemon Athletica, Inc. (a)	1,200		8,160
MasterCard, Inc. Class A	500		67,890
Mohawk Industries, Inc. (a)	1,740		55,871
Philip Morris International, Inc.	4,300		159,745
Pricesmart, Inc.	9,795		159,659
SanDisk Corp. (a)	3,900		44,577
Varian Semiconductor Equipment Associates, Inc. (a)	3,100		59,024
Visa, Inc.	6,610		326,204
TOTAL UNITED STATES OF AMERICA			1,881,446
TOTAL COMMON STOCKS (Cost $52,722,614)		31,745,748
Nonconvertible Preferred Stocks - 0.4%

Germany - 0.1%
ProSiebenSat.1 Media AG	8,000		17,514
Italy - 0.3%
Fiat SpA (Risp)	3,200		11,533
Telecom Italia SpA (Risp)	104,200		101,123
TOTAL ITALY			112,656
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $283,646)		130,170
Investment Companies - 0.2%

United States of America - 0.2%
CurrencyShares Japanese Yen Trust ETF (a) (Cost $55,160)	500		55,450
Cash Equivalents - 1.6%
	Maturity Amount		Value
Investments in repurchase agreements in a joint trading account at 0.24%, dated 1/30/09 due 2/2/09 (Collateralized by U.S. Treasury Obligations) # (Cost $531,000)	$ 531,011		$ 531,000
TOTAL INVESTMENT PORTFOLIO - 99.3% (Cost $53,592,420)			32,462,368
NET OTHER ASSETS - 0.7%			217,303
NET ASSETS - 100%		$ 32,679,671

Security Type Abbreviation

ETF - Exchange-Traded Fund

Legend

(a) Non-income producing

# Additional Information on each counterparty to the repurchase agreement is as follows:

Repurchase Agreement / Counterparty	Value
$531,000 due 2/02/09 at 0.24%
J.P. Morgan Securities, Inc.	$ 393,180
UBS Securities LLC	137,820
	$ 531,000

Other Information

The following is a summary of the inputs used, as of January 31, 2009, 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	$ 32,462,368	$ 21,970,896	$ 10,491,472	$ -

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

	Investments in Securities
Beginning Balance	$ 16,955
Total Realized Gain (Loss)	(71,038)
Total Unrealized Gain (Loss)	64,053
Cost of Purchases	-
Proceeds of Sales	(9,970)
Amortization/Accretion	-
Transfer in/out of Level 3	-
Ending Balance	$ -

Income Tax Information

Investment Valuation

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

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

Quarterly Report

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Worldwide Fund

January 31, 2009

1.813085.104

WLD-QTLY-0309

Investments January 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.1%
	Shares		Value
Australia - 2.0%
ABB Grain Ltd.	146,575		$ 609,941
Billabong International Ltd.	175,265		812,242
Commonwealth Bank of Australia	90,041		1,530,020
CSL Ltd.	217,097		5,119,701
National Australia Bank Ltd.	76,362		900,706
QBE Insurance Group Ltd.	153,760		2,312,432
Wesfarmers Ltd.	90,505		879,847
Woolworths Ltd.	186,332		3,243,452
TOTAL AUSTRALIA			15,408,341
Belgium - 0.5%
Anheuser-Busch InBev NV	168,300		4,290,097
Brazil - 0.6%
BM&F BOVESPA SA	236,098		685,905
Petroleo Brasileiro SA - Petrobras sponsored ADR	41,000		1,074,200
Vivo Participacoes SA sponsored ADR	230,825		3,273,099
TOTAL BRAZIL			5,033,204
Canada - 1.0%
Canadian Natural Resources Ltd.	40,200		1,439,310
Niko Resources Ltd.	32,300		1,329,047
Open Text Corp. (a)	106,200		3,753,841
Petrobank Energy & Resources Ltd. (a)	46,800		740,645
Talisman Energy, Inc.	73,100		692,329
Timminco Ltd. (a)	27,800		78,466
TOTAL CANADA			8,033,638
Cayman Islands - 0.6%
Belle International Holdings Ltd.	2,011,000		801,771
China Dongxiang Group Co. Ltd.	2,856,000		823,700
Noble Corp.	99,600		2,704,140
TOTAL CAYMAN ISLANDS			4,329,611
China - 0.3%
BYD Co. Ltd. (H Shares)	131,500		245,087
Li Ning Co. Ltd.	316,000		438,912
ZTE Corp. (H Shares)	539,680		1,536,012
TOTAL CHINA			2,220,011
Cyprus - 0.0%
Aisi Realty Public Ltd. (a)	583,060		50,714
Czech Republic - 0.1%
Ceske Energeticke Zavody AS	20,900		723,172
Denmark - 0.6%
Novo Nordisk AS Series B	87,500		4,694,851
Finland - 0.3%
Nokia Corp. sponsored ADR	175,300		2,150,931
France - 5.7%
Alstom SA	43,700		2,121,870

	Shares		Value
AXA SA	209,900		$ 3,305,433
BNP Paribas SA	119,782		4,602,240
Cap Gemini SA	41,400		1,433,770
Eutelsat Communications	91,900		1,967,856
GDF Suez	89,851		3,459,140
L'Air Liquide SA	5,142		375,479
LVMH Moet Hennessy - Louis Vuitton	15,300		838,490
Orpea (a)	34,000		1,189,680
Pinault Printemps-Redoute SA	25,400		1,288,753
Schneider Electric SA	17,000		1,083,031
Sechilienne-Sidec	11,800		439,780
Societe Generale Series A	56,185		2,370,214
Total SA sponsored ADR (d)	375,000		18,667,501
Vivendi	55,103		1,425,783
TOTAL FRANCE			44,569,020
Germany - 3.7%
Allianz AG (Reg.)	32,100		2,673,903
Bayer AG	4,100		218,420
Bayer AG sponsored ADR	14,000		746,200
Beiersdorf AG	5,200		255,650
Daimler AG (Reg.)	20,600		576,577
Deutsche Boerse AG	21,400		1,082,238
E.ON AG	182,800		5,907,140
Fresenius Medical Care AG & Co. KGaA	62,900		2,819,386
GEA Group AG	99,700		1,152,643
Gerresheimer AG	71,500		1,464,663
Linde AG	6,814		455,827
MAN AG	29,200		1,275,568
Muenchener Rueckversicherungs-Gesellschaft AG (Reg.)	45,600		6,054,180
RWE AG	25,300		1,971,676
Siemens AG (Reg.) (d)	37,500		2,102,244
Wincor Nixdorf AG	14,900		710,217
TOTAL GERMANY			29,466,532
Greece - 0.2%
Public Power Corp. of Greece	108,200		1,820,264
Hong Kong - 0.7%
Cheung Kong Holdings Ltd.	224,000		2,066,795
China Unicom Hong Kong Ltd.	1,792,000		1,654,157
Hang Seng Bank Ltd.	127,300		1,532,746
TOTAL HONG KONG			5,253,698
India - 0.4%
Bharti Airtel Ltd. (a)	80,000		1,027,382
Infosys Technologies Ltd.	42,311		1,112,038
Titan Industries Ltd.	40,000		741,235
TOTAL INDIA			2,880,655
Indonesia - 0.1%
PT Indosat Tbk	1,434,000		703,083
Common Stocks - continued
	Shares		Value
Ireland - 0.2%
Paddy Power PLC (Ireland)	85,800		$ 1,197,362
Israel - 0.4%
Nice Systems Ltd. sponsored ADR (a)	55,700		1,068,883
Teva Pharmaceutical Industries Ltd. sponsored ADR	58,600		2,428,970
TOTAL ISRAEL			3,497,853
Italy - 0.9%
ENI SpA	183,600		3,883,071
Fiat SpA	178,400		875,935
Finmeccanica SpA	72,300		1,135,781
Prysmian SpA	63,500		804,861
UniCredit SpA	302,400		535,059
TOTAL ITALY			7,234,707
Japan - 8.5%
Asics Corp.	216,000		1,607,833
Canon Marketing Japan, Inc.	132,200		1,945,124
Canon, Inc.	101,650		2,773,771
Daiwa Securities Group, Inc.	312,000		1,723,021
East Japan Railway Co.	32,100		2,176,779
Eisai Co. Ltd.	34,200		1,249,303
Fanuc Ltd.	16,400		971,969
Fast Retailing Co. Ltd.	7,600		958,454
Honda Motor Co. Ltd.	83,200		1,912,200
Japan Tobacco, Inc.	314		902,863
Konica Minolta Holdings, Inc.	119,000		926,761
Mitsubishi Corp.	93,300		1,232,949
Mitsubishi UFJ Financial Group, Inc.	1,330,300		7,380,013
Mitsui & Co. Ltd.	122,000		1,273,171
Nichi-iko Pharmaceutical Co. Ltd.	15,200		509,579
Nintendo Co. Ltd.	4,300		1,252,160
Nippon Building Fund, Inc.	157		1,684,449
Nippon Telegraph & Telephone Corp.	40,000		1,937,388
Nitori Co. Ltd.	5,400		381,139
Nomura Holdings, Inc.	566,900		3,671,950
NTT DoCoMo, Inc.	1,129		1,966,893
Point, Inc.	12,340		552,838
Promise Co. Ltd.	128,950		2,366,797
Rakuten, Inc.	4,059		2,393,086
Ricoh Co. Ltd.	195,000		2,379,850
Sawai Pharmaceutical Co. Ltd.	9,100		476,641
Seven & i Holdings Co., Ltd.	96,500		2,573,494
Softbank Corp.	70,200		1,085,262
Sony Financial Holdings, Inc.	430		1,417,320
Sumitomo Mitsui Financial Group, Inc.	110,800		4,391,396
THK Co. Ltd.	58,500		742,590
Tokio Marine Holdings, Inc.	51,700		1,367,465
Tokyo Electron Ltd.	71,200		2,609,936
Toyota Motor Corp.	169,900		5,465,675
Tsumura & Co.	28,700		946,191
TOTAL JAPAN			67,206,310

	Shares		Value
Korea (South) - 0.4%
NHN Corp. (a)	19,788		$ 1,957,521
Samsung Electronics Co. Ltd.	3,127		1,085,762
TOTAL KOREA (SOUTH)			3,043,283
Luxembourg - 0.5%
ArcelorMittal SA (NY Shares) Class A	76,700		1,731,119
SES SA (A Shares) FDR unit	138,742		2,486,839
TOTAL LUXEMBOURG			4,217,958
Mexico - 0.2%
America Movil SAB de CV Series L sponsored ADR	43,900		1,251,589
Netherlands - 0.7%
AMG Advanced Metallurgical Group NV (a)(d)	33,700		284,333
ASML Holding NV:
(Netherlands)	65,500		1,083,165
(NY Shares)	18,800		310,952
Gemalto NV (a)	24,700		607,486
Koninklijke KPN NV	196,400		2,627,662
Royal DSM NV	40,100		965,193
TOTAL NETHERLANDS			5,878,791
Norway - 0.1%
Pronova BioPharma ASA (a)	296,200		876,420
Papua New Guinea - 0.2%
Oil Search Ltd.	512,967		1,388,855
Russia - 0.2%
OAO Gazprom sponsored ADR	93,900		1,231,029
Singapore - 0.1%
Ascendas Real Estate Investment Trust (A-REIT)	455,000		429,863
Singapore Exchange Ltd.	146,000		489,277
TOTAL SINGAPORE			919,140
South Africa - 0.2%
MTN Group Ltd.	157,600		1,497,008
Spain - 1.9%
Banco Santander SA	191,400		1,548,712
Grifols SA	141,155		2,490,332
Red Electrica Corporacion SA	36,400		1,500,614
Repsol YPF SA	64,200		1,146,506
Telefonica SA	463,500		8,216,674
TOTAL SPAIN			14,902,838
Sweden - 0.2%
H&M Hennes & Mauritz AB (B Shares)	50,500		1,955,072
Switzerland - 5.5%
Actelion Ltd. (Reg.) (a)	102,940		5,608,939
BB BIOTECH AG	21,794		1,287,084
Credit Suisse Group sponsored ADR	38,700		986,463
EFG International	62,390		758,427
Common Stocks - continued
	Shares		Value
Switzerland - continued
Nestle SA (Reg.)	270,346		$ 9,365,033
Novartis AG:
(Reg.)	45,155		1,855,441
sponsored ADR	60,800		2,508,608
Partners Group Holding	14,770		984,327
Roche Holding AG (participation certificate)	50,943		7,176,555
Sonova Holding AG	32,712		1,579,336
Syngenta AG (Switzerland)	16,830		3,254,753
Tecan Group AG	18,800		620,778
UBS AG (For. Reg.)	258,991		3,247,827
Zurich Financial Services AG (Reg.)	23,960		4,337,960
TOTAL SWITZERLAND			43,571,531
Thailand - 0.1%
Total Access Communication PCL (For. Reg.)	807,450		671,028
United Kingdom - 11.3%
Aberdeen Asset Management PLC	1,207,400		2,253,521
Aegis Group PLC	435,400		482,851
Autonomy Corp. PLC (a)	111,800		1,773,055
BAE Systems PLC	479,600		2,796,652
Barclays PLC	413,200		608,090
BG Group PLC	222,700		3,068,566
BG Group PLC sponsored ADR	12,700		864,362
BHP Billiton PLC	408,100		6,986,822
BP PLC	393,100		2,784,832
British American Tobacco PLC (United Kingdom)	204,135		5,599,089
Capita Group PLC	226,719		2,294,069
Compass Group PLC	438,900		2,183,933
Diageo PLC	127,500		1,711,268
GlaxoSmithKline PLC sponsored ADR	80,800		2,849,008
HSBC Holdings PLC:
(Hong Kong) (Reg.)	219,638		1,717,681
(United Kingdom) (Reg.)	609,000		4,726,567
Imperial Tobacco Group PLC	93,500		2,565,815
Informa PLC	464,800		1,615,429
Kingfisher PLC	530,000		1,068,725
Man Group PLC	735,300		2,198,476
Misys PLC	480,200		810,982
Prudential PLC	376,900		1,822,154
Reckitt Benckiser Group PLC	124,900		4,843,389
Rio Tinto PLC (Reg.)	53,500		1,150,067
Royal Bank of Scotland Group PLC	579,508		184,818
Royal Dutch Shell PLC Class B	451,900		10,731,235
SSL International PLC	366,600		2,678,466
Standard Chartered PLC (United Kingdom)	178,664		2,268,842
Unilever PLC	198,100		4,346,985
Vodafone Group PLC	3,905,700		7,256,411

	Shares		Value
Vodafone Group PLC sponsored ADR	73,312		$ 1,362,870
William Morrison Supermarkets PLC	360,200		1,413,759
TOTAL UNITED KINGDOM			89,018,789
United States of America - 46.7%
Abbott Laboratories	120,000		6,652,800
Amazon.com, Inc.	27,800		1,635,196
Amgen, Inc. (a)	50,000		2,742,500
Apple, Inc. (a)	74,600		6,723,698
Applied Materials, Inc.	424,500		3,977,565
Archer Daniels Midland Co.	105,000		2,874,900
Arrow Electronics, Inc. (a)	50,000		953,500
Avnet, Inc. (a)	275,000		5,450,500
Baxter International, Inc.	110,000		6,451,500
Biogen Idec, Inc. (a)	30,000		1,459,500
Bristol-Myers Squibb Co.	195,000		4,174,950
Celgene Corp. (a)	35,000		1,853,250
Cephalon, Inc. (a)	87,200		6,730,096
Chesapeake Energy Corp.	15,000		237,150
Chevron Corp.	108,000		7,616,160
Cisco Systems, Inc. (a)	325,000		4,865,250
Comcast Corp. Class A (special) (non-vtg.)	725,000		10,063,000
Commercial Metals Co.	25,000		287,500
DISH Network Corp. Class A (a)	50,000		642,000
Exelon Corp.	195,000		10,572,900
Fastenal Co.	30,000		1,025,400
Fidelity National Financial, Inc. Class A	95,000		1,388,900
First Solar, Inc. (a)	13,000		1,856,400
FMC Corp.	129,700		5,787,214
FPL Group, Inc.	77,000		3,969,350
Freeport-McMoRan Copper & Gold, Inc. Class B	9,000		226,260
Genentech, Inc. (a)	21,200		1,722,288
Genzyme Corp. (a)	74,300		5,120,756
Gilead Sciences, Inc. (a)	218,000		11,067,860
Goldman Sachs Group, Inc.	60,400		4,876,092
Google, Inc. Class A (sub. vtg.) (a)	34,800		11,780,844
Granite Construction, Inc.	8,000		281,760
Greif, Inc. Class A	7,000		211,820
Hewlett-Packard Co.	230,000		7,992,500
Honeywell International, Inc.	183,000		6,004,230
International Business Machines Corp.	70,000		6,415,500
James River Coal Co. (a)	145,000		1,966,200
Johnson & Johnson	107,000		6,172,830
Johnson Controls, Inc.	29,000		362,790
JPMorgan Chase & Co.	380,000		9,693,800
Lam Research Corp. (a)	97,000		1,960,370
Louisiana-Pacific Corp.	135,000		280,800
Macquarie Infrastructure Co. LLC	8,300		34,196
Marriott International, Inc. Class A	38,000		619,780
McDonald's Corp.	88,000		5,105,760
Merck & Co., Inc.	364,600		10,409,330
MetLife, Inc.	14,000		402,220
Common Stocks - continued
	Shares		Value
United States of America - continued
Microsoft Corp.	112,000		$ 1,915,200
Monsanto Co.	12,000		912,720
Morgan Stanley	188,200		3,807,286
National Oilwell Varco, Inc. (a)	30,000		793,200
Newmont Mining Corp.	273,000		10,859,940
Norfolk Southern Corp.	20,000		767,200
Novellus Systems, Inc. (a)	65,000		896,350
Nucor Corp.	10,000		407,900
Occidental Petroleum Corp.	55,000		3,000,250
Oracle Corp. (a)	972,800		16,372,224
PACCAR, Inc.	277,800		7,331,142
People's United Financial, Inc.	97,000		1,586,920
Pfizer, Inc.	420,000		6,123,600
Philip Morris International, Inc.	457,500		16,996,125
Precision Castparts Corp.	42,000		2,727,900
Procter & Gamble Co.	90,000		4,905,000
Pulte Homes, Inc.	617,390		6,266,509
QUALCOMM, Inc.	228,800		7,905,040
Qwest Communications International, Inc.	300,000		966,000
Smith International, Inc.	35,000		794,500
Southwestern Energy Co. (a)	169,000		5,348,850
Starwood Hotels & Resorts Worldwide, Inc.	12,000		181,440
Temple-Inland, Inc.	201,000		1,139,670
The Boeing Co.	105,000		4,442,550
The Coca-Cola Co.	325,000		13,884,000
The DIRECTV Group, Inc. (a)	85,000		1,861,500
The First American Corp.	43,000		939,120
The Goodyear Tire & Rubber Co. (a)	20,000		123,400
The Travelers Companies, Inc.	435,000		16,808,400
Union Pacific Corp.	214,600		9,397,334
Valero Energy Corp.	58,000		1,398,960
Varian Semiconductor Equipment Associates, Inc. (a)	25,649		488,357
VF Corp.	3,300		184,866
Visa, Inc.	70,600		3,484,110
W.R. Berkley Corp.	151,100		4,001,128
Wal-Mart Stores, Inc.	152,600		7,190,512
Wells Fargo & Co.	345,000		6,520,500
Weyerhaeuser Co.	11,000		300,740
Wyeth	50,000		2,148,500
TOTAL UNITED STATES OF AMERICA			367,878,108
TOTAL COMMON STOCKS (Cost $908,447,291)		749,065,493
Nonconvertible Preferred Stocks - 0.7%

Germany - 0.6%
Fresenius AG (non-vtg.)	79,700		4,427,512
Italy - 0.1%
Intesa Sanpaolo SpA	378,900		853,786
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $7,997,277)		5,281,298

Government Obligations - 0.1%
	Principal Amount	Value
United States of America - 0.1%
U.S. Treasury Bills, yield at date of purchase 0.01% to 0.11% 3/12/09 to 4/2/09 (e) (Cost $1,184,906)	$ 1,185,000	$ 1,184,709

Money Market Funds - 5.6%
	Shares
Fidelity Cash Central Fund, 0.78% (b)	39,110,852		39,110,852
Fidelity Securities Lending Cash Central Fund, 0.71% (b)(c)	5,421,000		5,421,000
TOTAL MONEY MARKET FUNDS (Cost $44,531,852)		44,531,852

TOTAL INVESTMENT PORTFOLIO - 101.5%

(Cost $962,161,326)

800,063,352

NET OTHER ASSETS - (1.5)%			(12,000,300)
NET ASSETS - 100%		$ 788,063,052

Futures Contracts
	Expiration Date	Underlying Face Amount at Value	Unrealized Appreciation/ (Depreciation)
Purchased
Equity Index Contracts
106 TOPIX 150 Index Contracts (Japan)	March 2009	$ 9,322,052	$ (411,285)

The face value of futures purchased as a percentage of net assets - 1.2%

Legend

(a) Non-income producing

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

(e) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At the period end, the value of securities pledged amounted to $1,184,709.

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	$ 178,567
Fidelity Securities Lending Cash Central Fund	18,281
Total	$ 196,848

Other Information

The following is a summary of the inputs used, as of January 31, 2009, 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	$ 800,063,352	$ 622,535,229	$ 177,528,123	$ -
Other Financial Instruments*	$ (411,285)	$ (411,285)	$ -	$ -

*Other financial instruments include Futures Contracts.

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

	Investments in Securities
Beginning Balance	$ 336,547
Total Realized Gain (Loss)	(1,382,609)
Total Unrealized Gain (Loss)	1,180,463
Cost of Purchases	-
Proceeds of Sales	(134,401)
Amortization/Accretion	-
Transfer in/out of Level 3	-
Ending Balance	$ -

Income Tax Information

At January 31, 2009, the aggregate cost of investment securities for income tax purposes was $985,935,763. Net unrealized depreciation aggregated $185,872,411, of which $27,728,987 related to appreciated investment securities and $213,601,398 related to depreciated investment securities.

Investment Valuation

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

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

Quarterly Report

Item 2. Controls and Procedures

(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Investment Trust'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 Investment Trust

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

Date:	April 1, 2009

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

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

Date:	April 1, 2009

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

Date:	April 1 , 2009