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:	July 31, 2009

Item 1. Schedule of Investments

Quarterly Holdings Report

for

Fidelity ® Canada Fund

July 31, 2009

1.804819.105

CAN-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.3%
	Shares		Value
CONSUMER DISCRETIONARY - 3.1%
Auto Components - 1.1%
Magna International, Inc. Class A (sub. vtg.)	750,000		$ 37,940,317
Distributors - 0.1%
Uni-Select, Inc.	100,000		2,380,842
Hotels, Restaurants & Leisure - 0.5%
Tim Hortons, Inc.	650,000		17,608,500
Media - 1.3%
Astral Media, Inc. Class A (non-vtg.)	240,000		6,538,265
Corus Entertainment, Inc. Class B (non-vtg.)	400,000		5,476,400
Quebecor, Inc. Class B (sub. vtg.)	150,000		2,643,988
Shaw Communications, Inc. Class B	500,000		8,776,164
Thomson Reuters Corp. (c)	600,000		19,375,319
			42,810,136
Specialty Retail - 0.1%
PetSmart, Inc.	100,000		2,237,000
RONA, Inc. (a)	50,000		637,212
			2,874,212
TOTAL CONSUMER DISCRETIONARY			103,614,007
CONSUMER STAPLES - 2.7%
Food & Staples Retailing - 2.5%
Alimentation Couche-Tard, Inc. Class B (sub. vtg.)	100,000		1,579,802
George Weston Ltd.	230,000		12,533,810
Loblaw Companies Ltd.	500,000		15,872,279
Metro, Inc. Class A (sub. vtg.)	540,000		16,916,508
Shoppers Drug Mart Corp.	850,000		35,511,672
			82,414,071
Food Products - 0.2%
Viterra, Inc. (a)	909,300		7,655,220
TOTAL CONSUMER STAPLES			90,069,291
ENERGY - 25.2%
Energy Equipment & Services - 0.1%
Ensign Energy Services, Inc.	100,000		1,516,684
Precision Drilling Trust	400,000		2,268,529
			3,785,213
Oil, Gas & Consumable Fuels - 25.1%
ARC Energy Trust unit	200,000		3,250,569
Cameco Corp.	1,250,000		34,343,528
Canadian Natural Resources Ltd.	2,220,000		133,445,213
Canadian Oil Sands Trust	600,000		15,103,727
Crescent Point Energy Corp. (c)	550,000		17,867,917
Enbridge, Inc.	1,608,900		62,259,285
EnCana Corp.	1,800,000		96,536,873
Enerplus Resources Fund Series G	200,000		4,360,700

	Shares		Value
Husky Energy, Inc.	400,000		$ 11,769,620
Imperial Oil Ltd.	900,000		36,046,781
Keyera Facilities Income Fund	1,000,000		17,672,994
Nexen, Inc.	2,950,000		61,144,011
Niko Resources Ltd.	140,000		9,863,090
Pacific Rubiales Energy Corp. (a)	200,000		2,138,581
Petro-Canada	1,920,000		79,287,882
Petrobank Energy & Resources Ltd. (a)	450,000		13,691,929
Suncor Energy, Inc.	3,550,000		114,802,061
Talisman Energy, Inc.	5,000,000		77,272,938
TransCanada Corp.	1,800,000		51,192,277
			842,049,976
TOTAL ENERGY			845,835,189
FINANCIALS - 32.1%
Capital Markets - 0.9%
Goldman Sachs Group, Inc.	50,000		8,165,000
IGM Financial, Inc.	550,000		22,967,931
			31,132,931
Commercial Banks - 21.1%
Bank of Montreal	1,909,300		95,735,263
Bank of Nova Scotia	3,100,000		132,131,619
Canadian Imperial Bank of Commerce	784,600		48,291,480
National Bank of Canada	800,000		43,150,323
Royal Bank of Canada	4,140,000		197,056,849
Toronto-Dominion Bank	3,265,000		191,260,175
			707,625,709
Diversified Financial Services - 0.3%
Onex Corp. (sub. vtg.)	250,000		4,907,876
TMX Group, Inc.	145,000		4,663,526
			9,571,402
Insurance - 8.6%
Fairfax Financial Holdings Ltd. (sub. vtg.)	30,800		9,377,083
Intact Financial Corp.	941,100		30,861,895
Manulife Financial Corp.	5,200,000		126,265,373
Power Corp. of Canada (sub. vtg.)	1,400,000		39,296,422
Sun Life Financial, Inc.	2,400,000		82,023,484
			287,824,257
Real Estate Investment Trusts - 0.1%
H&R Real Estate Investment Trust/H&R Finance Trust	50,000		590,802
RioCan (REIT)	350,000		5,042,001
			5,632,803
Real Estate Management & Development - 1.1%
Brookfield Asset Management, Inc. Class A	1,750,000		36,759,178
TOTAL FINANCIALS			1,078,546,280
Common Stocks - continued
	Shares		Value
HEALTH CARE - 0.4%
Biotechnology - 0.2%
Vertex Pharmaceuticals, Inc. (a)	200,000		$ 7,202,000
Pharmaceuticals - 0.2%
Sepracor, Inc. (a)	361,600		6,273,760
TOTAL HEALTH CARE			13,475,760
INDUSTRIALS - 7.1%
Aerospace & Defense - 0.2%
Bombardier, Inc. Class B (sub. vtg.)	2,100,000		7,446,048
Airlines - 0.1%
WestJet Airlines Ltd. (a)	100,000		960,691
Commercial Services & Supplies - 0.5%
IESI-BFC Ltd.	350,000		4,707,384
Ritchie Brothers Auctioneers, Inc. (c)	483,920		11,614,080
			16,321,464
Construction & Engineering - 0.5%
SNC-Lavalin Group, Inc.	415,000		17,511,394
Road & Rail - 5.6%
Canadian National Railway Co.	2,920,000		141,995,452
Canadian Pacific Railway Ltd.	1,050,000		46,683,993
			188,679,445
Trading Companies & Distributors - 0.2%
Finning International, Inc.	400,000		6,178,122
TOTAL INDUSTRIALS			237,097,164
INFORMATION TECHNOLOGY - 5.2%
Communications Equipment - 3.9%
Cisco Systems, Inc. (a)	350,000		7,703,500
Research In Motion Ltd. (a)	1,640,000		124,640,000
			132,343,500
Computers & Peripherals - 0.4%
Apple, Inc. (a)	60,000		9,803,400
Hewlett-Packard Co.	80,000		3,464,000
			13,267,400
Internet Software & Services - 0.4%
Open Text Corp. (a)	390,000		14,780,433
IT Services - 0.5%
CGI Group, Inc. Class A (sub. vtg.) (a)	1,490,000		15,144,104
TOTAL INFORMATION TECHNOLOGY			175,535,437

	Shares		Value
MATERIALS - 15.8%
Chemicals - 3.0%
Agrium, Inc.	360,000		$ 16,543,927
Methanex Corp.	100,000		1,666,125
Potash Corp. of Saskatchewan, Inc.	780,000		72,660,510
The Mosaic Co.	200,000		10,430,000
			101,300,562
Metals & Mining - 12.8%
Agnico-Eagle Mines Ltd. (Canada)	524,700		30,775,322
Barrick Gold Corp.	2,780,000		97,074,860
First Quantum Minerals Ltd.	550,000		36,629,229
Goldcorp, Inc.	3,000,000		113,974,103
Inmet Mining Corp.	100,000		4,191,767
Kinross Gold Corp.	2,550,000		50,297,025
Red Back Mining, Inc. (a)	100,000		929,132
Teck Resources Ltd. Class B (sub. vtg.)	2,650,000		69,733,606
Yamana Gold, Inc.	2,700,000		25,738,154
			429,343,198
TOTAL MATERIALS			530,643,760
TELECOMMUNICATION SERVICES - 4.8%
Diversified Telecommunication Services - 3.0%
AT&T, Inc.	500,000		13,115,000
BCE, Inc.	2,850,000		65,420,244
TELUS Corp.	150,000		4,330,069
Verizon Communications, Inc.	500,000		16,035,000
			98,900,313
Wireless Telecommunication Services - 1.8%
Rogers Communications, Inc. Class B (non-vtg.)	2,200,000		61,118,485
TOTAL TELECOMMUNICATION SERVICES			160,018,798
UTILITIES - 0.9%
Electric Utilities - 0.6%
Fortis, Inc.	800,000		18,905,648
Multi-Utilities - 0.3%
Canadian Utilities Ltd. Class A (non-vtg.)	225,000		7,643,756
CMS Energy Corp.	350,000		4,529,000
			12,172,756
TOTAL UTILITIES			31,078,404
TOTAL COMMON STOCKS (Cost $2,818,509,385)		3,265,914,090

Government Obligations - 0.4%
	Principal Amount	Value
U.S. Treasury Bills, yield at date of purchase 0.15% to 0.18% 8/13/09 to 9/24/09 (d) (Cost $12,906,558)	$ 12,910,000	$ 12,906,930

Money Market Funds - 4.8%
	Shares
Fidelity Cash Central Fund, 0.37% (e)	128,738,660		128,738,660
Fidelity Securities Lending Cash Central Fund, 0.22% (b)(e)	32,042,050		32,042,050
TOTAL MONEY MARKET FUNDS (Cost $160,780,710)		160,780,710

TOTAL INVESTMENT PORTFOLIO - 102.5%

(Cost $2,992,196,653)

3,439,601,730

NET OTHER ASSETS - (2.5)%			(82,793,142)
NET ASSETS - 100%		$ 3,356,808,588

Futures Contracts
	Expiration Date	Underlying Face Amount at Value	Unrealized Appreciation/(Depreciation)
Purchased
Equity Index Contracts
553 SFX S&P/TSX 60 Index Contracts (Canada)	Sept. 2009	$ 67,005,727	$ 6,028,134

The face value of futures purchased as a percentage of net assets - 2%

Legend

(a) Non-income producing

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

(d) 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 $12,906,930.

(e) 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.

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	$ 570,872
Fidelity Securities Lending Cash Central Fund	2,288,007
Total	$ 2,858,879

Other Information

The following is a summary of the inputs used, as of July 31, 2009, involving the Fund's assets and liabilities 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:
Equities:
Consumer Discretionary	$ 103,614,007	$ 103,614,007	$ -	$ -
Consumer Staples	90,069,291	90,069,291	-	-
Energy	845,835,189	845,835,189	-	-
Financials	1,078,546,280	1,078,546,280	-	-
Health Care	13,475,760	13,475,760	-	-
Industrials	237,097,164	237,097,164	-	-
Information Technology	175,535,437	175,535,437	-	-
Materials	530,643,760	530,643,760	-	-
Telecommunication Services	160,018,798	160,018,798	-	-
Utilities	31,078,404	31,078,404	-	-
Government Obligations	12,906,930	-	12,906,930	-
Money Market Funds	160,780,710	160,780,710	-	-
Total Investments in Securities:	$ 3,439,601,730	$ 3,426,694,800	$ 12,906,930	$ -
Derivative Instruments:
Assets
Futures Contracts	$ 6,028,134	$ 6,028,134	$ -	$ -

Income Tax Information

At July 31, 2009, the aggregate cost of investment securities for income tax purposes was $3,072,991,090. Net unrealized appreciation aggregated $366,610,640, of which $563,693,846 related to appreciated investment securities and $197,083,206 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. The Fund uses independent pricing services approved by the Board of Trustees to value its investments. Generally Accepted Accounting Principles (GAAP) establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are classified into three levels. Level 1 includes readily available unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 includes observable inputs other than quoted prices included in Level 1 that are observable either directly or indirectly. Level 3 includes unobservable inputs when market prices are not readily available or reliable. Changes in valuation techniques may result in transfers in or out of an investment's assigned level within the hierarchy. Valuation techniques of the Fund's major categories of assets and liabilities are as follows.

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by 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 based on quotations received from dealers who make markets in such securities or by independent pricing services. 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.

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.

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

July 31, 2009

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

1.855812.102

ACAN-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.3%
	Shares		Value
CONSUMER DISCRETIONARY - 3.1%
Auto Components - 1.1%
Magna International, Inc. Class A (sub. vtg.)	750,000		$ 37,940,317
Distributors - 0.1%
Uni-Select, Inc.	100,000		2,380,842
Hotels, Restaurants & Leisure - 0.5%
Tim Hortons, Inc.	650,000		17,608,500
Media - 1.3%
Astral Media, Inc. Class A (non-vtg.)	240,000		6,538,265
Corus Entertainment, Inc. Class B (non-vtg.)	400,000		5,476,400
Quebecor, Inc. Class B (sub. vtg.)	150,000		2,643,988
Shaw Communications, Inc. Class B	500,000		8,776,164
Thomson Reuters Corp. (c)	600,000		19,375,319
			42,810,136
Specialty Retail - 0.1%
PetSmart, Inc.	100,000		2,237,000
RONA, Inc. (a)	50,000		637,212
			2,874,212
TOTAL CONSUMER DISCRETIONARY			103,614,007
CONSUMER STAPLES - 2.7%
Food & Staples Retailing - 2.5%
Alimentation Couche-Tard, Inc. Class B (sub. vtg.)	100,000		1,579,802
George Weston Ltd.	230,000		12,533,810
Loblaw Companies Ltd.	500,000		15,872,279
Metro, Inc. Class A (sub. vtg.)	540,000		16,916,508
Shoppers Drug Mart Corp.	850,000		35,511,672
			82,414,071
Food Products - 0.2%
Viterra, Inc. (a)	909,300		7,655,220
TOTAL CONSUMER STAPLES			90,069,291
ENERGY - 25.2%
Energy Equipment & Services - 0.1%
Ensign Energy Services, Inc.	100,000		1,516,684
Precision Drilling Trust	400,000		2,268,529
			3,785,213
Oil, Gas & Consumable Fuels - 25.1%
ARC Energy Trust unit	200,000		3,250,569
Cameco Corp.	1,250,000		34,343,528
Canadian Natural Resources Ltd.	2,220,000		133,445,213
Canadian Oil Sands Trust	600,000		15,103,727
Crescent Point Energy Corp. (c)	550,000		17,867,917
Enbridge, Inc.	1,608,900		62,259,285
EnCana Corp.	1,800,000		96,536,873
Enerplus Resources Fund Series G	200,000		4,360,700

	Shares		Value
Husky Energy, Inc.	400,000		$ 11,769,620
Imperial Oil Ltd.	900,000		36,046,781
Keyera Facilities Income Fund	1,000,000		17,672,994
Nexen, Inc.	2,950,000		61,144,011
Niko Resources Ltd.	140,000		9,863,090
Pacific Rubiales Energy Corp. (a)	200,000		2,138,581
Petro-Canada	1,920,000		79,287,882
Petrobank Energy & Resources Ltd. (a)	450,000		13,691,929
Suncor Energy, Inc.	3,550,000		114,802,061
Talisman Energy, Inc.	5,000,000		77,272,938
TransCanada Corp.	1,800,000		51,192,277
			842,049,976
TOTAL ENERGY			845,835,189
FINANCIALS - 32.1%
Capital Markets - 0.9%
Goldman Sachs Group, Inc.	50,000		8,165,000
IGM Financial, Inc.	550,000		22,967,931
			31,132,931
Commercial Banks - 21.1%
Bank of Montreal	1,909,300		95,735,263
Bank of Nova Scotia	3,100,000		132,131,619
Canadian Imperial Bank of Commerce	784,600		48,291,480
National Bank of Canada	800,000		43,150,323
Royal Bank of Canada	4,140,000		197,056,849
Toronto-Dominion Bank	3,265,000		191,260,175
			707,625,709
Diversified Financial Services - 0.3%
Onex Corp. (sub. vtg.)	250,000		4,907,876
TMX Group, Inc.	145,000		4,663,526
			9,571,402
Insurance - 8.6%
Fairfax Financial Holdings Ltd. (sub. vtg.)	30,800		9,377,083
Intact Financial Corp.	941,100		30,861,895
Manulife Financial Corp.	5,200,000		126,265,373
Power Corp. of Canada (sub. vtg.)	1,400,000		39,296,422
Sun Life Financial, Inc.	2,400,000		82,023,484
			287,824,257
Real Estate Investment Trusts - 0.1%
H&R Real Estate Investment Trust/H&R Finance Trust	50,000		590,802
RioCan (REIT)	350,000		5,042,001
			5,632,803
Real Estate Management & Development - 1.1%
Brookfield Asset Management, Inc. Class A	1,750,000		36,759,178
TOTAL FINANCIALS			1,078,546,280
Common Stocks - continued
	Shares		Value
HEALTH CARE - 0.4%
Biotechnology - 0.2%
Vertex Pharmaceuticals, Inc. (a)	200,000		$ 7,202,000
Pharmaceuticals - 0.2%
Sepracor, Inc. (a)	361,600		6,273,760
TOTAL HEALTH CARE			13,475,760
INDUSTRIALS - 7.1%
Aerospace & Defense - 0.2%
Bombardier, Inc. Class B (sub. vtg.)	2,100,000		7,446,048
Airlines - 0.1%
WestJet Airlines Ltd. (a)	100,000		960,691
Commercial Services & Supplies - 0.5%
IESI-BFC Ltd.	350,000		4,707,384
Ritchie Brothers Auctioneers, Inc. (c)	483,920		11,614,080
			16,321,464
Construction & Engineering - 0.5%
SNC-Lavalin Group, Inc.	415,000		17,511,394
Road & Rail - 5.6%
Canadian National Railway Co.	2,920,000		141,995,452
Canadian Pacific Railway Ltd.	1,050,000		46,683,993
			188,679,445
Trading Companies & Distributors - 0.2%
Finning International, Inc.	400,000		6,178,122
TOTAL INDUSTRIALS			237,097,164
INFORMATION TECHNOLOGY - 5.2%
Communications Equipment - 3.9%
Cisco Systems, Inc. (a)	350,000		7,703,500
Research In Motion Ltd. (a)	1,640,000		124,640,000
			132,343,500
Computers & Peripherals - 0.4%
Apple, Inc. (a)	60,000		9,803,400
Hewlett-Packard Co.	80,000		3,464,000
			13,267,400
Internet Software & Services - 0.4%
Open Text Corp. (a)	390,000		14,780,433
IT Services - 0.5%
CGI Group, Inc. Class A (sub. vtg.) (a)	1,490,000		15,144,104
TOTAL INFORMATION TECHNOLOGY			175,535,437

	Shares		Value
MATERIALS - 15.8%
Chemicals - 3.0%
Agrium, Inc.	360,000		$ 16,543,927
Methanex Corp.	100,000		1,666,125
Potash Corp. of Saskatchewan, Inc.	780,000		72,660,510
The Mosaic Co.	200,000		10,430,000
			101,300,562
Metals & Mining - 12.8%
Agnico-Eagle Mines Ltd. (Canada)	524,700		30,775,322
Barrick Gold Corp.	2,780,000		97,074,860
First Quantum Minerals Ltd.	550,000		36,629,229
Goldcorp, Inc.	3,000,000		113,974,103
Inmet Mining Corp.	100,000		4,191,767
Kinross Gold Corp.	2,550,000		50,297,025
Red Back Mining, Inc. (a)	100,000		929,132
Teck Resources Ltd. Class B (sub. vtg.)	2,650,000		69,733,606
Yamana Gold, Inc.	2,700,000		25,738,154
			429,343,198
TOTAL MATERIALS			530,643,760
TELECOMMUNICATION SERVICES - 4.8%
Diversified Telecommunication Services - 3.0%
AT&T, Inc.	500,000		13,115,000
BCE, Inc.	2,850,000		65,420,244
TELUS Corp.	150,000		4,330,069
Verizon Communications, Inc.	500,000		16,035,000
			98,900,313
Wireless Telecommunication Services - 1.8%
Rogers Communications, Inc. Class B (non-vtg.)	2,200,000		61,118,485
TOTAL TELECOMMUNICATION SERVICES			160,018,798
UTILITIES - 0.9%
Electric Utilities - 0.6%
Fortis, Inc.	800,000		18,905,648
Multi-Utilities - 0.3%
Canadian Utilities Ltd. Class A (non-vtg.)	225,000		7,643,756
CMS Energy Corp.	350,000		4,529,000
			12,172,756
TOTAL UTILITIES			31,078,404
TOTAL COMMON STOCKS (Cost $2,818,509,385)		3,265,914,090

Government Obligations - 0.4%
	Principal Amount	Value
U.S. Treasury Bills, yield at date of purchase 0.15% to 0.18% 8/13/09 to 9/24/09 (d) (Cost $12,906,558)	$ 12,910,000	$ 12,906,930

Money Market Funds - 4.8%
	Shares
Fidelity Cash Central Fund, 0.37% (e)	128,738,660		128,738,660
Fidelity Securities Lending Cash Central Fund, 0.22% (b)(e)	32,042,050		32,042,050
TOTAL MONEY MARKET FUNDS (Cost $160,780,710)		160,780,710

TOTAL INVESTMENT PORTFOLIO - 102.5%

(Cost $2,992,196,653)

3,439,601,730

NET OTHER ASSETS - (2.5)%			(82,793,142)
NET ASSETS - 100%		$ 3,356,808,588

Futures Contracts
	Expiration Date	Underlying Face Amount at Value	Unrealized Appreciation/(Depreciation)
Purchased
Equity Index Contracts
553 SFX S&P/TSX 60 Index Contracts (Canada)	Sept. 2009	$ 67,005,727	$ 6,028,134

The face value of futures purchased as a percentage of net assets - 2%

Legend

(a) Non-income producing

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

(d) 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 $12,906,930.

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	$ 570,872
Fidelity Securities Lending Cash Central Fund	2,288,007
Total	$ 2,858,879

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 103,614,007	$ 103,614,007	$ -	$ -
Consumer Staples	90,069,291	90,069,291	-	-
Energy	845,835,189	845,835,189	-	-
Financials	1,078,546,280	1,078,546,280	-	-
Health Care	13,475,760	13,475,760	-	-
Industrials	237,097,164	237,097,164	-	-
Information Technology	175,535,437	175,535,437	-	-
Materials	530,643,760	530,643,760	-	-
Telecommunication Services	160,018,798	160,018,798	-	-
Utilities	31,078,404	31,078,404	-	-
Government Obligations	12,906,930	-	12,906,930	-
Money Market Funds	160,780,710	160,780,710	-	-
Total Investments in Securities:	$ 3,439,601,730	$ 3,426,694,800	$ 12,906,930	$ -
Derivative Instruments:
Assets
Futures Contracts	$ 6,028,134	$ 6,028,134	$ -	$ -

Income Tax Information

Investment Valuation

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

July 31, 2009

1.804836.105

HKC-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.2%
	Shares		Value
CONSUMER DISCRETIONARY - 11.0%
Auto Components - 1.0%
Cheng Shin Rubber Industry Co. Ltd.	3,595,000		$ 6,935,797
Minth Group Ltd.	3,168,000		3,024,988
Xinyi Glass Holdings Co. Ltd.	11,122,000		9,687,091
			19,647,876
Automobiles - 2.8%
Dongfeng Motor Group Co. Ltd. (H Shares)	17,274,000		18,411,097
Geely Automobile Holdings Ltd.	69,920,000		17,051,788
Great Wall Motor Co. Ltd. (H Shares)	3,000,000		3,414,260
Qingling Motors Co. Ltd. (H Shares)	9,496,000		2,021,768
Yulon Motor Co. Ltd.	11,725,000		11,739,295
			52,638,208
Distributors - 1.2%
Li & Fung Ltd.	7,860,000		23,174,771
Hotels, Restaurants & Leisure - 0.4%
REXCAPITAL Financial Holdings Ltd. (a)	81,900,000		7,080,524
Household Durables - 1.1%
Tatung Co. Ltd. (a)	4,941,000		1,261,981
Techtronic Industries Co. Ltd.	23,365,500		19,386,203
			20,648,184
Leisure Equipment & Products - 0.3%
Altek Corp.	3,097,000		5,710,713
Multiline Retail - 1.9%
Far East Department Stores Co. Ltd.	6,394,000		6,450,515
Golden Eagle Retail Group Ltd. (H Shares)	8,142,000		10,632,082
Maoye International Holdings Ltd.	44,227,000		11,927,254
New World Department Store China Ltd.	7,503,000		6,534,997
			35,544,848
Specialty Retail - 0.7%
Esprit Holdings Ltd.	1,901,800		13,742,305
GOME Electrical Appliances Holdings Ltd.	2,187,276		632,206
			14,374,511
Textiles, Apparel & Luxury Goods - 1.6%
China Dongxiang Group Co. Ltd.	17,608,000		13,382,339
Li Ning Co. Ltd.	1,277,500		4,228,195
Pacific Textile Holdings Ltd.	722,000		258,993
Shenzhou International Group Holdings Ltd.	1,119,000		887,998
Texwinca Holdings Ltd.	5,508,000		4,314,091
Weiqiao Textile Co. Ltd. (H Shares)	11,099,000		7,003,247
			30,074,863
TOTAL CONSUMER DISCRETIONARY			208,894,498
CONSUMER STAPLES - 1.5%
Food & Staples Retailing - 0.9%
Dairy Farm International Holdings Ltd.	2,465,100		16,639,425

	Shares		Value
Personal Products - 0.6%
Hengan International Group Co. Ltd.	2,075,000		$ 12,075,395
TOTAL CONSUMER STAPLES			28,714,820
ENERGY - 6.4%
Oil, Gas & Consumable Fuels - 6.4%
China Petroleum & Chemical Corp. (H Shares)	27,170,000		24,222,554
China Shenhua Energy Co. Ltd. (H Shares)	2,241,000		9,152,132
CNOOC Ltd.	26,833,000		35,702,905
CNPC (Hong Kong) Ltd.	17,170,000		17,391,885
PetroChina Co. Ltd. (H Shares)	29,818,000		35,130,930
			121,600,406
FINANCIALS - 43.9%
Capital Markets - 3.2%
Yuanta Financial Holding Co. Ltd.	83,113,000		59,782,591
Commercial Banks - 16.1%
Bank of China (H Shares)	145,813,000		72,625,687
BOC Hong Kong Holdings Ltd.	22,149,500		47,215,074
China Citic Bank Corp. Ltd. Class H	10,866,000		7,571,295
China Construction Bank Corp. (H Shares)	63,133,000		50,914,695
Chinatrust Financial Holding Co. Ltd.	30,514,000		19,297,943
E.Sun Financial Holdings Co. Ltd.	11,947,000		4,169,252
Hang Seng Bank Ltd.	422,100		6,857,215
Industrial & Commercial Bank of China Ltd.	106,185,000		76,454,679
Mega Financial Holding Co. Ltd.	18,517,000		9,650,738
Sinopac Holdings Co.	16,171,000		5,322,975
Taishin Financial Holdings Co. Ltd.	12,258,000		4,782,152
Wing Hang Bank Ltd.	60,000		575,624
			305,437,329
Diversified Financial Services - 4.6%
China Everbright Ltd.	6,428,000		20,113,809
Hong Kong Exchange & Clearing Ltd.	3,510,300		66,221,393
			86,335,202
Insurance - 5.7%
Cathay Financial Holding Co. Ltd.	17,444,000		26,796,026
China Life Insurance Co. Ltd. (H Shares)	12,226,000		54,145,774
Ping An Insurance (Group) Co. of China, Ltd. (H Shares)	2,491,500		22,118,519
Shin Kong Financial Holding Co. Ltd.	10,294,000		4,188,507
			107,248,826
Real Estate Management & Development - 14.3%
Cheung Kong Holdings Ltd.	3,299,000		42,611,135
China Overseas Land & Investment Ltd.	4,867,920		12,009,862
China Resources Land Ltd.	3,612,000		8,827,433
Farglory Land Development Co. Ltd.	2,381,000		5,638,638
Guangzhou R&F Properties Co. Ltd. (H Shares)	1,747,600		3,851,559
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Real Estate Management & Development - continued
Hang Lung Properties Ltd.	7,027,000		$ 25,751,053
Henderson Land Development Co. Ltd.	2,826,000		18,670,194
Hysan Development Co. Ltd.	1,387,067		3,794,373
K Wah International Holdings Ltd.	5,893,000		2,425,682
Kerry Properties Ltd.	2,302,500		11,884,101
New World China Land Ltd.	8,196,800		5,172,017
New World Development Co. Ltd.	12,016,000		28,683,910
Shimao Property Holdings Ltd.	11,710,000		23,541,333
Shui On Land Ltd.	14,425,800		10,219,248
Sino Land Co.	2,414,000		4,927,770
Sino-Ocean Land Holdings Ltd.	15,897,366		16,984,869
Sun Hung Kai Properties Ltd.	2,880,000		43,814,009
Tian An China Investments Co. Ltd.	4,088,000		2,400,098
			271,207,284
TOTAL FINANCIALS			830,011,232
INDUSTRIALS - 9.2%
Airlines - 0.3%
Air China Ltd. (H Shares) (a)	4,190,000		2,703,278
Cathay Pacific Airways Ltd.	2,029,000		3,157,447
			5,860,725
Electrical Equipment - 1.4%
China High Speed Transmission Equipment Group Co. Ltd.	5,392,000		13,511,570
Dongfang Electric Corp. Ltd.	2,599,400		12,728,921
			26,240,491
Industrial Conglomerates - 3.6%
Beijing Enterprises Holdings Ltd.	771,500		3,877,485
Far Eastern Textile Ltd.	24,022,000		27,089,729
Hutchison Whampoa Ltd.	2,892,000		21,662,432
Shanghai Industrial Holdings Ltd. (H Shares)	2,806,000		15,207,004
			67,836,650
Machinery - 0.4%
Chen Hsong Holdings Ltd.	1,854,000		557,407
China International Marine Containers Co. Ltd. (B Shares)	2,377,786		2,825,785
Haitian International Holdings Ltd.	7,472,000		2,439,294
Shanghai Zhenhua Port Machinery Co. Ltd. (B Shares)	1,930,160		1,932,090
			7,754,576
Marine - 2.2%
China Cosco Holdings Co. Ltd. (H Shares)	11,745,500		16,974,471
Orient Overseas International Ltd.	1,528,000		8,556,966
Shun Tak Holdings Ltd.	19,186,000		15,720,446
			41,251,883

	Shares		Value
Transportation Infrastructure - 1.3%
China Merchants Holdings International Co. Ltd.	1,206,000		$ 3,983,767
Zhejiang Expressway Co. Ltd. (H Shares)	22,336,000		21,644,724
			25,628,491
TOTAL INDUSTRIALS			174,572,816
INFORMATION TECHNOLOGY - 13.0%
Communications Equipment - 0.4%
Vtech Holdings Ltd.	725,000		5,168,648
ZTE Corp. (H Shares)	445,820		1,944,388
			7,113,036
Computers & Peripherals - 0.7%
Acer, Inc.	3,540,810		7,467,969
HTC Corp.	444,000		6,055,776
			13,523,745
Electronic Equipment & Components - 5.9%
AU Optronics Corp.	7,303,000		8,102,079
BYD Co. Ltd. (H Shares) (a)	1,132,300		6,275,255
Hon Hai Precision Industry Co. Ltd. (Foxconn)	15,306,225		52,715,740
Kingboard Chemical Holdings Ltd.	1,581,000		5,018,497
Kingboard Laminates Holdings Ltd.	13,846,000		7,146,461
Largan Precision Co. Ltd.	930,000		11,919,080
Tripod Technology Corp.	3,096,819		6,474,910
Unimicron Technology Corp.	12,312,000		13,959,354
			111,611,376
Internet Software & Services - 2.6%
Tencent Holdings Ltd.	3,655,400		49,337,063
Semiconductors & Semiconductor Equipment - 3.4%
MediaTek, Inc.	1,249,262		17,952,668
Taiwan Semiconductor Manufacturing Co. Ltd.	25,335,796		45,482,426
			63,435,094
TOTAL INFORMATION TECHNOLOGY			245,020,314
MATERIALS - 5.9%
Chemicals - 1.6%
Formosa Plastics Corp.	7,415,250		12,746,727
Taiwan Fertilizer Co. Ltd.	5,298,000		16,793,417
			29,540,144
Construction Materials - 1.0%
Anhui Conch Cement Co. Ltd. (H Shares)	746,000		5,400,182
Asia Cement Corp.	3,036,000		3,247,900
BBMG Corp. Class H	348,000		453,531
China National Building Materials Co. Ltd. (H Shares)	4,098,000		8,925,881
China Shanshui Cement Group Ltd.	1,390,000		903,966
			18,931,460
Common Stocks - continued
	Shares		Value
MATERIALS - continued
Metals & Mining - 2.7%
Angang Steel Co. Ltd. (H Shares)	5,276,000		$ 11,968,242
BlueScope Steel Ltd.	2,238,672		6,309,319
Jiangxi Copper Co. Ltd. (H Shares)	5,116,000		11,803,336
Maanshan Iron & Steel Co. Ltd. (H Shares) (c)	6,462,000		5,027,950
OZ Minerals Ltd.	10,669,024		9,993,205
Shougang Concord International Enterprises Co. Ltd.	23,608,000		4,782,616
Xingda International Holdings Ltd.	4,775,000		1,774,486
			51,659,154
Paper & Forest Products - 0.6%
Shandong Chenming Paper Holdings Ltd.:
(B Shares)	9,255,872		7,189,862
(H Shares)	4,580,600		3,558,161
			10,748,023
TOTAL MATERIALS			110,878,781
TELECOMMUNICATION SERVICES - 3.9%
Wireless Telecommunication Services - 3.9%
China Mobile (Hong Kong) Ltd.	7,056,000		74,043,872
UTILITIES - 0.4%
Independent Power Producers & Energy Traders - 0.4%
China Resources Power Holdings Co. Ltd.	2,832,600		7,328,352
TOTAL COMMON STOCKS (Cost $1,494,363,789)		1,801,065,091
Money Market Funds - 3.8%
	Shares		Value
Fidelity Cash Central Fund, 0.37% (d)	72,625,989		$ 72,625,989
Fidelity Securities Lending Cash Central Fund, 0.22% (b)(d)	519,060		519,060
TOTAL MONEY MARKET FUNDS (Cost $73,145,049)		73,145,049

TOTAL INVESTMENT PORTFOLIO - 99.0%

(Cost $1,567,508,838)

1,874,210,140

NET OTHER ASSETS - 1.0%

18,062,717

NET ASSETS - 100%

$ 1,892,272,857

Legend

(a) Non-income producing

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

(d) 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.

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	$ 229,073
Fidelity Securities Lending Cash Central Fund	74,666
Total	$ 303,739

Other Information

The following is a summary of the inputs used, as of July 31, 2009, involving the Fund's assets and liabilities 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:
Equities:
Consumer Discretionary	$ 208,894,498	$ 208,894,498	$ -	$ -
Consumer Staples	28,714,820	28,714,820	-	-
Energy	121,600,406	26,544,017	95,056,389	-
Financials	830,011,232	775,865,458	54,145,774	-
Industrials	174,572,816	174,572,816	-	-
Information Technology	245,020,314	245,020,314	-	-
Materials	110,878,781	110,878,781	-	-
Telecommunication Services	74,043,872	-	74,043,872	-
Utilities	7,328,352	7,328,352	-	-
Money Market Funds	73,145,049	73,145,049	-	-
Total Investments in Securities:	$ 1,874,210,140	$ 1,650,964,105	$ 223,246,035	$ -

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

	Investments in Securities
Beginning Balance	$ 3,377,416
Total Realized Gain (Loss)	(2,615,311)
Total Unrealized Gain (Loss)	3,181,061
Cost of Purchases	693,176
Proceeds of Sales	(4,636,342)
Amortization/Accretion	-
Transfer in/out of Level 3	-
Ending Balance	$ -
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ -

The information used in the above reconciliation represents fiscal year to date activity for any Investments in 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. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations.

Income Tax Information

At July 31, 2009, the aggregate cost of investment securities for income tax purposes was $1,577,306,777. Net unrealized appreciation aggregated $296,903,363, of which $358,495,703 related to appreciated investment securities and $61,592,340 related to depreciated investment securities.

Investment Valuation

Quarterly Report

Quarterly Holdings Report

for

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

July 31, 2009

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

1.861466.101

AHKC-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.2%
	Shares		Value
CONSUMER DISCRETIONARY - 11.0%
Auto Components - 1.0%
Cheng Shin Rubber Industry Co. Ltd.	3,595,000		$ 6,935,797
Minth Group Ltd.	3,168,000		3,024,988
Xinyi Glass Holdings Co. Ltd.	11,122,000		9,687,091
			19,647,876
Automobiles - 2.8%
Dongfeng Motor Group Co. Ltd. (H Shares)	17,274,000		18,411,097
Geely Automobile Holdings Ltd.	69,920,000		17,051,788
Great Wall Motor Co. Ltd. (H Shares)	3,000,000		3,414,260
Qingling Motors Co. Ltd. (H Shares)	9,496,000		2,021,768
Yulon Motor Co. Ltd.	11,725,000		11,739,295
			52,638,208
Distributors - 1.2%
Li & Fung Ltd.	7,860,000		23,174,771
Hotels, Restaurants & Leisure - 0.4%
REXCAPITAL Financial Holdings Ltd. (a)	81,900,000		7,080,524
Household Durables - 1.1%
Tatung Co. Ltd. (a)	4,941,000		1,261,981
Techtronic Industries Co. Ltd.	23,365,500		19,386,203
			20,648,184
Leisure Equipment & Products - 0.3%
Altek Corp.	3,097,000		5,710,713
Multiline Retail - 1.9%
Far East Department Stores Co. Ltd.	6,394,000		6,450,515
Golden Eagle Retail Group Ltd. (H Shares)	8,142,000		10,632,082
Maoye International Holdings Ltd.	44,227,000		11,927,254
New World Department Store China Ltd.	7,503,000		6,534,997
			35,544,848
Specialty Retail - 0.7%
Esprit Holdings Ltd.	1,901,800		13,742,305
GOME Electrical Appliances Holdings Ltd.	2,187,276		632,206
			14,374,511
Textiles, Apparel & Luxury Goods - 1.6%
China Dongxiang Group Co. Ltd.	17,608,000		13,382,339
Li Ning Co. Ltd.	1,277,500		4,228,195
Pacific Textile Holdings Ltd.	722,000		258,993
Shenzhou International Group Holdings Ltd.	1,119,000		887,998
Texwinca Holdings Ltd.	5,508,000		4,314,091
Weiqiao Textile Co. Ltd. (H Shares)	11,099,000		7,003,247
			30,074,863
TOTAL CONSUMER DISCRETIONARY			208,894,498
CONSUMER STAPLES - 1.5%
Food & Staples Retailing - 0.9%
Dairy Farm International Holdings Ltd.	2,465,100		16,639,425

	Shares		Value
Personal Products - 0.6%
Hengan International Group Co. Ltd.	2,075,000		$ 12,075,395
TOTAL CONSUMER STAPLES			28,714,820
ENERGY - 6.4%
Oil, Gas & Consumable Fuels - 6.4%
China Petroleum & Chemical Corp. (H Shares)	27,170,000		24,222,554
China Shenhua Energy Co. Ltd. (H Shares)	2,241,000		9,152,132
CNOOC Ltd.	26,833,000		35,702,905
CNPC (Hong Kong) Ltd.	17,170,000		17,391,885
PetroChina Co. Ltd. (H Shares)	29,818,000		35,130,930
			121,600,406
FINANCIALS - 43.9%
Capital Markets - 3.2%
Yuanta Financial Holding Co. Ltd.	83,113,000		59,782,591
Commercial Banks - 16.1%
Bank of China (H Shares)	145,813,000		72,625,687
BOC Hong Kong Holdings Ltd.	22,149,500		47,215,074
China Citic Bank Corp. Ltd. Class H	10,866,000		7,571,295
China Construction Bank Corp. (H Shares)	63,133,000		50,914,695
Chinatrust Financial Holding Co. Ltd.	30,514,000		19,297,943
E.Sun Financial Holdings Co. Ltd.	11,947,000		4,169,252
Hang Seng Bank Ltd.	422,100		6,857,215
Industrial & Commercial Bank of China Ltd.	106,185,000		76,454,679
Mega Financial Holding Co. Ltd.	18,517,000		9,650,738
Sinopac Holdings Co.	16,171,000		5,322,975
Taishin Financial Holdings Co. Ltd.	12,258,000		4,782,152
Wing Hang Bank Ltd.	60,000		575,624
			305,437,329
Diversified Financial Services - 4.6%
China Everbright Ltd.	6,428,000		20,113,809
Hong Kong Exchange & Clearing Ltd.	3,510,300		66,221,393
			86,335,202
Insurance - 5.7%
Cathay Financial Holding Co. Ltd.	17,444,000		26,796,026
China Life Insurance Co. Ltd. (H Shares)	12,226,000		54,145,774
Ping An Insurance (Group) Co. of China, Ltd. (H Shares)	2,491,500		22,118,519
Shin Kong Financial Holding Co. Ltd.	10,294,000		4,188,507
			107,248,826
Real Estate Management & Development - 14.3%
Cheung Kong Holdings Ltd.	3,299,000		42,611,135
China Overseas Land & Investment Ltd.	4,867,920		12,009,862
China Resources Land Ltd.	3,612,000		8,827,433
Farglory Land Development Co. Ltd.	2,381,000		5,638,638
Guangzhou R&F Properties Co. Ltd. (H Shares)	1,747,600		3,851,559
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Real Estate Management & Development - continued
Hang Lung Properties Ltd.	7,027,000		$ 25,751,053
Henderson Land Development Co. Ltd.	2,826,000		18,670,194
Hysan Development Co. Ltd.	1,387,067		3,794,373
K Wah International Holdings Ltd.	5,893,000		2,425,682
Kerry Properties Ltd.	2,302,500		11,884,101
New World China Land Ltd.	8,196,800		5,172,017
New World Development Co. Ltd.	12,016,000		28,683,910
Shimao Property Holdings Ltd.	11,710,000		23,541,333
Shui On Land Ltd.	14,425,800		10,219,248
Sino Land Co.	2,414,000		4,927,770
Sino-Ocean Land Holdings Ltd.	15,897,366		16,984,869
Sun Hung Kai Properties Ltd.	2,880,000		43,814,009
Tian An China Investments Co. Ltd.	4,088,000		2,400,098
			271,207,284
TOTAL FINANCIALS			830,011,232
INDUSTRIALS - 9.2%
Airlines - 0.3%
Air China Ltd. (H Shares) (a)	4,190,000		2,703,278
Cathay Pacific Airways Ltd.	2,029,000		3,157,447
			5,860,725
Electrical Equipment - 1.4%
China High Speed Transmission Equipment Group Co. Ltd.	5,392,000		13,511,570
Dongfang Electric Corp. Ltd.	2,599,400		12,728,921
			26,240,491
Industrial Conglomerates - 3.6%
Beijing Enterprises Holdings Ltd.	771,500		3,877,485
Far Eastern Textile Ltd.	24,022,000		27,089,729
Hutchison Whampoa Ltd.	2,892,000		21,662,432
Shanghai Industrial Holdings Ltd. (H Shares)	2,806,000		15,207,004
			67,836,650
Machinery - 0.4%
Chen Hsong Holdings Ltd.	1,854,000		557,407
China International Marine Containers Co. Ltd. (B Shares)	2,377,786		2,825,785
Haitian International Holdings Ltd.	7,472,000		2,439,294
Shanghai Zhenhua Port Machinery Co. Ltd. (B Shares)	1,930,160		1,932,090
			7,754,576
Marine - 2.2%
China Cosco Holdings Co. Ltd. (H Shares)	11,745,500		16,974,471
Orient Overseas International Ltd.	1,528,000		8,556,966
Shun Tak Holdings Ltd.	19,186,000		15,720,446
			41,251,883

	Shares		Value
Transportation Infrastructure - 1.3%
China Merchants Holdings International Co. Ltd.	1,206,000		$ 3,983,767
Zhejiang Expressway Co. Ltd. (H Shares)	22,336,000		21,644,724
			25,628,491
TOTAL INDUSTRIALS			174,572,816
INFORMATION TECHNOLOGY - 13.0%
Communications Equipment - 0.4%
Vtech Holdings Ltd.	725,000		5,168,648
ZTE Corp. (H Shares)	445,820		1,944,388
			7,113,036
Computers & Peripherals - 0.7%
Acer, Inc.	3,540,810		7,467,969
HTC Corp.	444,000		6,055,776
			13,523,745
Electronic Equipment & Components - 5.9%
AU Optronics Corp.	7,303,000		8,102,079
BYD Co. Ltd. (H Shares) (a)	1,132,300		6,275,255
Hon Hai Precision Industry Co. Ltd. (Foxconn)	15,306,225		52,715,740
Kingboard Chemical Holdings Ltd.	1,581,000		5,018,497
Kingboard Laminates Holdings Ltd.	13,846,000		7,146,461
Largan Precision Co. Ltd.	930,000		11,919,080
Tripod Technology Corp.	3,096,819		6,474,910
Unimicron Technology Corp.	12,312,000		13,959,354
			111,611,376
Internet Software & Services - 2.6%
Tencent Holdings Ltd.	3,655,400		49,337,063
Semiconductors & Semiconductor Equipment - 3.4%
MediaTek, Inc.	1,249,262		17,952,668
Taiwan Semiconductor Manufacturing Co. Ltd.	25,335,796		45,482,426
			63,435,094
TOTAL INFORMATION TECHNOLOGY			245,020,314
MATERIALS - 5.9%
Chemicals - 1.6%
Formosa Plastics Corp.	7,415,250		12,746,727
Taiwan Fertilizer Co. Ltd.	5,298,000		16,793,417
			29,540,144
Construction Materials - 1.0%
Anhui Conch Cement Co. Ltd. (H Shares)	746,000		5,400,182
Asia Cement Corp.	3,036,000		3,247,900
BBMG Corp. Class H	348,000		453,531
China National Building Materials Co. Ltd. (H Shares)	4,098,000		8,925,881
China Shanshui Cement Group Ltd.	1,390,000		903,966
			18,931,460
Common Stocks - continued
	Shares		Value
MATERIALS - continued
Metals & Mining - 2.7%
Angang Steel Co. Ltd. (H Shares)	5,276,000		$ 11,968,242
BlueScope Steel Ltd.	2,238,672		6,309,319
Jiangxi Copper Co. Ltd. (H Shares)	5,116,000		11,803,336
Maanshan Iron & Steel Co. Ltd. (H Shares) (c)	6,462,000		5,027,950
OZ Minerals Ltd.	10,669,024		9,993,205
Shougang Concord International Enterprises Co. Ltd.	23,608,000		4,782,616
Xingda International Holdings Ltd.	4,775,000		1,774,486
			51,659,154
Paper & Forest Products - 0.6%
Shandong Chenming Paper Holdings Ltd.:
(B Shares)	9,255,872		7,189,862
(H Shares)	4,580,600		3,558,161
			10,748,023
TOTAL MATERIALS			110,878,781
TELECOMMUNICATION SERVICES - 3.9%
Wireless Telecommunication Services - 3.9%
China Mobile (Hong Kong) Ltd.	7,056,000		74,043,872
UTILITIES - 0.4%
Independent Power Producers & Energy Traders - 0.4%
China Resources Power Holdings Co. Ltd.	2,832,600		7,328,352
TOTAL COMMON STOCKS (Cost $1,494,363,789)		1,801,065,091
Money Market Funds - 3.8%
	Shares		Value
Fidelity Cash Central Fund, 0.37% (d)	72,625,989		$ 72,625,989
Fidelity Securities Lending Cash Central Fund, 0.22% (b)(d)	519,060		519,060
TOTAL MONEY MARKET FUNDS (Cost $73,145,049)		73,145,049

TOTAL INVESTMENT PORTFOLIO - 99.0%

(Cost $1,567,508,838)

1,874,210,140

NET OTHER ASSETS - 1.0%

18,062,717

NET ASSETS - 100%

$ 1,892,272,857

Legend

(a) Non-income producing

(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	$ 229,073
Fidelity Securities Lending Cash Central Fund	74,666
Total	$ 303,739

Other Information

The following is a summary of the inputs used, as of July 31, 2009, involving the Fund's assets and liabilities 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:
Equities:
Consumer Discretionary	$ 208,894,498	$ 208,894,498	$ -	$ -
Consumer Staples	28,714,820	28,714,820	-	-
Energy	121,600,406	26,544,017	95,056,389	-
Financials	830,011,232	775,865,458	54,145,774	-
Industrials	174,572,816	174,572,816	-	-
Information Technology	245,020,314	245,020,314	-	-
Materials	110,878,781	110,878,781	-	-
Telecommunication Services	74,043,872	-	74,043,872	-
Utilities	7,328,352	7,328,352	-	-
Money Market Funds	73,145,049	73,145,049	-	-
Total Investments in Securities:	$ 1,874,210,140	$ 1,650,964,105	$ 223,246,035	$ -

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

	Investments in Securities
Beginning Balance	$ 3,377,416
Total Realized Gain (Loss)	(2,615,311)
Total Unrealized Gain (Loss)	3,181,061
Cost of Purchases	693,176
Proceeds of Sales	(4,636,342)
Amortization/Accretion	-
Transfer in/out of Level 3	-
Ending Balance	$ -
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ -

Income Tax Information

Investment Valuation

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 -
Diversified International
Class F

July 31, 2009

1.804871.105

DIF-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.4%
	Shares		Value
Australia - 2.1%
AMP Ltd.	9,120,417		$ 42,866,015
BHP Billiton Ltd. sponsored ADR (c)	5,901,000		371,526,960
CSL Ltd.	4,000,000		102,195,860
Newcrest Mining Ltd.	2,500,000		62,722,500
QBE Insurance Group Ltd.	7,578,885		123,595,320
TOTAL AUSTRALIA			702,906,655
Belgium - 1.2%
Anheuser-Busch InBev SA NV	9,903,200		394,007,269
Anheuser-Busch InBev SA NV (strip VVPR) (a)	5,339,200		22,829
TOTAL BELGIUM			394,030,098
Bermuda - 0.6%
Clear Media Ltd. (a)	22,325,000		10,745,014
Huabao International Holdings Ltd.	21,290,000		22,224,443
Seadrill Ltd.	10,125,000		162,476,863
TOTAL BERMUDA			195,446,320
Brazil - 1.1%
Banco Bradesco SA (PN) sponsored ADR	2,100,000		33,117,000
BR Malls Participacoes SA (a)	4,500,000		46,784,566
Itau Unibanco Banco Multiplo SA ADR	4,900,000		87,661,000
Petroleo Brasileiro SA - Petrobras sponsored ADR	1,300,000		53,612,000
Redecard SA	2,710,600		40,339,422
Vivo Participacoes SA sponsored ADR	5,000,000		113,850,000
TOTAL BRAZIL			375,363,988
Canada - 5.7%
Agnico-Eagle Mines Ltd. (Canada)	896,500		52,582,573
Barrick Gold Corp.	1,286,600		44,926,804
Canadian Imperial Bank of Commerce	550,000		33,852,044
Canadian Natural Resources Ltd.	5,137,400		308,811,458
Canadian Pacific Railway Ltd.	2,600,000		115,598,459
EnCana Corp.	3,068,000		164,541,737
Flint Energy Services Ltd. (a)	1,000,000		9,625,470
Niko Resources Ltd. (d)	2,525,000		177,887,873
Open Text Corp. (a)	750,000		28,423,911
OZ Optics Ltd. unit (a)(f)	102,000		481,440
Petro-Canada	3,900,000		161,053,511
Petrobank Energy & Resources Ltd. (a)(d)	5,475,000		166,585,139
Research In Motion Ltd. (a)	2,400,000		182,400,000
Rogers Communications, Inc. Class B (non-vtg.)	800,000		22,224,904
Royal Bank of Canada	700,000		33,318,791
Silver Wheaton Corp. (a)	4,408,000		40,628,802
Sun Life Financial, Inc.	1,200,000		41,011,742
Suncor Energy, Inc. (c)	5,000,000		161,693,043
Toronto-Dominion Bank	600,000		35,147,352
Trican Well Service Ltd. (d)	7,000,000		62,375,273
Ultra Petroleum Corp. (a)	660,200		29,128,024

	Shares		Value
Westernzagros Resources Ltd. (a)	7,000,000		$ 10,395,879
Yamana Gold, Inc.	2,945,900		28,082,232
TOTAL CANADA			1,910,776,461
Cayman Islands - 0.1%
Belle International Holdings Ltd.	16,510,000		16,723,356
China Dongxiang Group Co. Ltd.	8,480,000		6,444,925
Hengan International Group Co. Ltd.	2,992,000		17,411,847
TOTAL CAYMAN ISLANDS			40,580,128
China - 0.6%
Baidu.com, Inc. sponsored ADR (a)	114,600		39,896,844
China Coal Energy Co. Ltd. (H Shares)	20,000,000		28,026,349
China Merchants Bank Co. Ltd. (H Shares)	21,507,850		50,565,240
China Shenhua Energy Co. Ltd. (H Shares)	10,000,000		40,839,500
Focus Media Holding Ltd. ADR (a)(c)	2,300,000		20,125,000
Global Bio-Chem Technology Group Co. Ltd.	36,981,600		7,205,587
TOTAL CHINA			186,658,520
Denmark - 1.1%
Carlsberg AS Series B	1,586,933		110,100,330
Genmab AS (a)	750,000		30,000,574
Novo Nordisk AS Series B	3,342,300		196,703,717
Vestas Wind Systems AS (a)	449,200		31,638,041
TOTAL DENMARK			368,442,662
Finland - 0.3%
Nokia Corp. sponsored ADR	6,900,000		92,046,000
Nokian Tyres PLC	800,000		16,897,764
TOTAL FINLAND			108,943,764
France - 9.4%
Accor SA (c)	2,071,351		88,418,181
Alcatel-Lucent SA sponsored ADR (a)	16,500,000		45,540,000
Alstom SA	1,450,000		99,548,725
Atos Origin SA	628,743		28,662,269
AXA SA sponsored ADR	9,000,000		190,260,000
BNP Paribas SA	4,060,472		296,014,653
Bouygues SA	2,600,000		110,743,351
Cap Gemini SA (c)	5,037,700		232,595,515
Carrefour SA	1,027,100		48,212,699
CNP Assurances	400,000		36,549,111
Credit Agricole SA	1,213,100		17,315,642
Danone	768,357		41,225,070
Dassault Aviation SA (c)	36,265		20,111,292
Electricite de France	850,000		42,128,609
Essilor International SA	2,100,000		116,428,673
Financiere Marc de Lacharriere SA (Fimalac)	1,271,448		67,048,857
GDF Suez	2,551,314		97,469,957
L'Air Liquide SA	14,500		1,514,000
Common Stocks - continued
	Shares		Value
France - continued
LVMH Moet Hennessy - Louis Vuitton	900,000		$ 81,183,666
Neopost SA	600,000		51,095,213
Pernod Ricard SA (c)	2,522,905		196,041,400
PPR SA	2,300,000		256,312,685
Renault SA (a)	1,389,900		59,270,173
Sanofi-Aventis	3,771,131		246,726,347
Schneider Electric SA	1,207,688		109,712,942
Societe Generale Series A	2,365,036		151,853,079
Technip SA	1,150,000		69,527,971
Total SA Series B	3,543,300		196,506,994
Unibail-Rodamco	184,900		32,308,622
Vallourec SA (c)	419,190		55,144,686
Vivendi	2,705,881		69,514,438
TOTAL FRANCE			3,154,984,820
Germany - 6.8%
Allianz AG:
(Reg.)	19,000		1,882,914
sponsored ADR	16,000,000		158,560,000
BASF AG	2,818,400		141,235,070
Bayer AG	1,928,139		118,332,330
Bayerische Motoren Werke AG (BMW)	1,534,600		70,930,528
Beiersdorf AG	20,000		1,007,082
Daimler AG (Reg.)	1,039,250		48,272,223
Deutsche Bank AG	27,700		1,797,705
Deutsche Boerse AG	2,173,700		172,252,466
E.ON AG	13,269,240		502,302,305
Fresenius Medical Care AG & Co. KGaA	2,193,700		100,738,116
Fresenius SE	2,700,000		132,762,038
GEA Group AG	4,500,000		73,692,552
GFK AG	1,600,000		36,942,480
Linde AG	1,989,300		187,750,244
Munich Re Group (Reg.)	1,054,300		159,415,192
RWE AG	808,900		68,308,420
SAP AG	500,000		23,624,802
Siemens AG:
(Reg.)	19,750		1,569,706
sponsored ADR (c)	3,300,300		262,307,844
Volkswagen AG (c)	100,000		35,953,357
TOTAL GERMANY			2,299,637,374
Hong Kong - 0.9%
China Unicom (Hong Kong) Ltd. sponsored ADR	7,982,500		114,788,350
Hong Kong Exchange & Clearing Ltd.	2,000,000		37,729,763
Hutchison Whampoa Ltd.	10,000,000		74,904,676
Li & Fung Ltd.	5,000,000		14,742,221
Swire Pacific Ltd. (A Shares)	5,007,500		56,246,621
TOTAL HONG KONG			298,411,631

	Shares		Value
India - 1.5%
Bharti Airtel Ltd.	10,200,000		$ 87,465,133
HDFC Bank Ltd.	400,000		12,538,212
Infosys Technologies Ltd.	5,000,000		215,823,313
Reliance Industries Ltd. (a)	840,000		34,344,715
State Bank of India	4,000,000		151,523,261
TOTAL INDIA			501,694,634
Indonesia - 0.2%
PT Indosat Tbk sponsored ADR	757,217		20,558,442
PT Perusahaan Gas Negara Tbk Series B	130,000,000		45,843,980
TOTAL INDONESIA			66,402,422
Ireland - 1.1%
Covidien PLC	1,950,000		73,729,500
CRH PLC	5,936,269		141,716,179
Ryanair Holdings PLC sponsored ADR (a)	5,903,300		167,122,423
TOTAL IRELAND			382,568,102
Israel - 0.2%
Teva Pharmaceutical Industries Ltd. sponsored ADR	1,256,700		67,032,378
Italy - 2.7%
ENI SpA	47,800		1,116,892
ENI SpA sponsored ADR (c)	5,200,000		242,216,000
Fiat SpA (a)	26,357,100		292,259,255
Finmeccanica SpA	70,500		1,069,109
Intesa Sanpaolo SpA	39,422,700		146,789,069
Prysmian SpA	2,000,000		34,405,535
Telecom Italia SpA sponsored ADR	2,500,000		38,950,000
UniCredit SpA	46,687,257		136,741,782
TOTAL ITALY			893,547,642
Japan - 16.1%
Canon, Inc. sponsored ADR	6,650,000		246,183,000
Daiichi Sankyo Kabushiki Kaisha	2,093,600		38,061,430
Daiwa Securities Group, Inc. (c)	6,000,000		35,514,216
Denso Corp.	7,739,400		228,639,917
East Japan Railway Co.	1,350,000		77,481,237
Eisai Co. Ltd.	1,850,000		65,896,838
FamilyMart Co. Ltd.	2,000,000		65,109,395
Fanuc Ltd.	1,700,000		139,615,260
Fast Retailing Co. Ltd.	400,000		51,960,680
Honda Motor Co. Ltd.	5,000,000		159,922,351
Hoya Corp.	1,999,500		48,291,485
Ibiden Co. Ltd.	1,000,000		33,294,577
Inpex Corp.	4,549		34,811,076
Japan Tobacco, Inc.	29,838		86,413,823
JSR Corp.	4,000,000		72,127,681
Kao Corp.	1,300,000		29,473,628
Keyence Corp.	880,000		173,842,085
Konica Minolta Holdings, Inc.	1,500,000		16,409,470
Kubota Corp.	8,000,000		72,043,123
Common Stocks - continued
	Shares		Value
Japan - continued
Kyocera Corp.	813,700		$ 65,300,050
Mitsubishi Corp.	9,300,000		185,783,740
Mitsubishi UFJ Financial Group, Inc.	73,100,000		446,505,394
Mitsui & Co. Ltd.	13,450,000		168,746,958
Mitsui Fudosan Co. Ltd.	2,500,000		45,978,225
Murata Manufacturing Co. Ltd.	1,766,900		86,654,855
NGK Insulators Ltd.	4,111,000		93,204,680
Nikon Corp.	4,300,000		86,445,406
Nintendo Co. Ltd.	330,000		88,676,471
Nippon Telegraph & Telephone Corp.	1,600,000		66,058,141
Nitto Denko Corp.	2,570,100		82,853,872
Nomura Holdings, Inc.	23,295,400		204,136,129
NSK Ltd.	3,500,000		18,977,909
NTT DoCoMo, Inc.	30,000		43,332,169
Omron Corp.	4,001,300		64,876,800
ORIX Corp.	1,663,370		105,312,188
Promise Co. Ltd.	1,500,000		15,806,997
Rakuten, Inc.	110,000		70,690,200
Ricoh Co. Ltd.	5,500,000		72,201,669
ROHM Co. Ltd.	1,451,100		107,977,421
Sankyo Co. Ltd. (Gunma)	1,100,000		65,574,462
Seven & i Holdings Co., Ltd.	4,500,000		105,591,373
Sharp Corp.	5,894,000		65,599,639
Shin-Etsu Chemical Co., Ltd.	789,100		42,536,835
Sony Corp. sponsored ADR	2,000,000		55,920,000
Sony Financial Holdings, Inc.	38,379		118,329,501
Sumitomo Corp.	6,500,000		64,374,800
Sumitomo Metal Industries Ltd.	12,500,000		31,180,636
Sumitomo Mitsui Financial Group, Inc.	6,000,000		256,843,880
TDK Corp.	1,476,700		77,729,266
THK Co. Ltd.	5,000,000		82,126,623
Tokai Carbon Co. Ltd.	6,000,000		32,153,049
Tokyo Electron Ltd.	900,000		47,183,172
Toyota Motor Corp. sponsored ADR (c)	5,400,000		454,572,000
Yahoo! Japan Corp. (c)	299,774		98,382,650
TOTAL JAPAN			5,392,708,432
Korea (South) - 1.3%
Amorepacific Corp.	139,531		76,800,810
LG Household & Health Care Ltd.	200,000		36,067,714
Lotte Shopping Co. Ltd.	71,612		18,009,886
NHN Corp. (a)	1,000,000		145,988,367
Samsung Electronics Co. Ltd.	280,000		165,796,985
TOTAL KOREA (SOUTH)			442,663,762
Luxembourg - 0.5%
ArcelorMittal SA:
(Netherlands)	24,000		863,702

	Shares		Value
(NY Shares) Class A	1,750,000		$ 63,070,000
SES SA FDR (France) unit	5,630,000		111,214,823
TOTAL LUXEMBOURG			175,148,525
Malaysia - 0.1%
DiGi.com Bhd	6,500,000		40,965,224
Mexico - 0.5%
America Movil SAB de CV Series L sponsored ADR	2,513,600		108,109,936
Grupo Televisa SA de CV (CPO) sponsored ADR	3,500,000		63,315,000
TOTAL MEXICO			171,424,936
Netherlands - 0.9%
Akzo Nobel NV	755,800		41,466,966
Gemalto NV (a)	1,700,000		63,480,635
Koninklijke KPN NV (c)	8,671,900		130,332,251
Koninklijke Philips Electronics NV	72,000		1,639,013
Koninklijke Philips Electronics NV (NY Shares)	1,152,100		26,221,796
Royal DSM NV	1,367,700		48,888,806
TOTAL NETHERLANDS			312,029,467
Netherlands Antilles - 0.5%
Schlumberger Ltd.	2,890,200		154,625,700
Norway - 0.8%
DnB NOR ASA (a)	9,874,600		85,896,194
Pronova BioPharma ASA (a)(d)	15,500,000		48,279,911
Renewable Energy Corp. AS (a)(c)	2,500,000		19,842,791
Telenor ASA (a)	13,000,000		119,867,253
TOTAL NORWAY			273,886,149
Papua New Guinea - 0.5%
Lihir Gold Ltd. (a)	66,000,000		152,892,367
South Africa - 0.8%
Aspen Pharmacare Holdings Ltd.	146,200		1,120,992
Impala Platinum Holdings Ltd.	7,000,000		169,578,608
MTN Group Ltd.	6,500,000		107,216,495
TOTAL SOUTH AFRICA			277,916,095
Spain - 4.6%
Banco Bilbao Vizcaya Argentaria SA sponsored ADR	2,641,935		43,433,411
Banco Santander SA	120,500		1,744,905
Banco Santander SA sponsored ADR	17,500,000		253,050,000
Enagas SA	5,000,649		98,889,553
Grupo Acciona SA	290,000		35,029,082
Grupo Ferrovial SA (c)	2,300,000		79,001,608
Iberdrola SA	14,570,200		125,012,389
Inditex SA	2,384,700		128,270,474
Red Electrica Corporacion SA	1,700,000		79,883,838
Common Stocks - continued
	Shares		Value
Spain - continued
Telefonica SA	27,544,700		$ 685,283,498
Telvent GIT SA	100,000		2,390,000
TOTAL SPAIN			1,531,988,758
Sweden - 0.6%
Assa Abloy AB (B Shares)	2,499,600		41,214,662
H&M Hennes & Mauritz AB (B Shares)	1,500,000		89,162,619
Svenska Cellulosa AB (SCA) (B Shares)	2,867,000		36,844,772
Telefonaktiebolaget LM Ericsson (B Shares) sponsored ADR (c)	4,700,000		45,684,000
TOTAL SWEDEN			212,906,053
Switzerland - 9.8%
Actelion Ltd. (Reg.) (a)	3,327,040		183,529,694
Alcon, Inc.	725,000		92,510,000
ARYZTA AG (a)	2,000,000		70,182,005
Bank Sarasin & Co. Ltd. Series B (Reg.)	48,400		1,578,384
Credit Suisse Group (Reg.)	1,500,000		70,883,776
Julius Baer Holding Ltd.	900,000		42,867,169
Kuehne & Nagel International AG	1,200,000		99,939,176
Lonza Group AG	394,556		39,099,313
Nestle SA (Reg.)	20,132,621		828,552,539
Nobel Biocare Holding AG (Switzerland)	2,000,000		47,499,181
Novartis AG sponsored ADR	1,400,000		63,868,000
Roche Holding AG (participation certificate)	3,207,767		505,786,496
Schindler Holding AG (Reg.)	1,300,000		83,937,678
SGS Societe Generale de Surveillance Holding SA (Reg.)	96,400		113,841,576
Sonova Holding AG	2,100,000		185,210,312
Sulzer AG (Reg.)	885,300		58,404,202
Swiss Reinsurance Co. (Reg.)	20,400		782,670
Syngenta AG sponsored ADR	2,674,400		122,808,448
Tecan Group AG (d)	1,100,000		47,349,460
Transocean Ltd. (a)	1,813,800		144,541,722
UBS AG:
(For. Reg.) (a)	35,991		526,892
(NY Shares) (a)	13,091,900		192,974,606
Zurich Financial Services AG (Reg.)	1,495,271		293,835,128
TOTAL SWITZERLAND			3,290,508,427
Taiwan - 0.6%
Hon Hai Precision Industry Co. Ltd. (Foxconn)	34,500,000		118,820,483
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	8,039,998		84,178,779
TOTAL TAIWAN			202,999,262
United Kingdom - 17.8%
Aberdeen Asset Management PLC	11,000,000		22,880,236
AstraZeneca PLC (United Kingdom)	5,300,000		246,901,208

	Shares		Value
Barclays PLC	40,605,400		$ 206,426,573
Barratt Developments PLC (a)	4,100,000		13,596,992
Bellway PLC	2,450,000		30,085,130
BG Group PLC	9,000,900		150,227,657
BHP Billiton PLC	4,079,250		106,521,622
Bovis Homes Group PLC (d)	7,250,000		55,960,096
BP PLC sponsored ADR	4,003,300		200,325,132
British American Tobacco PLC:
(United Kingdom)	63,700		1,977,510
sponsored ADR	4,273,400		265,762,746
British Land Co. PLC	6,468,000		47,006,481
Cadbury PLC	4,000,000		39,495,348
Capita Group PLC	22,500,451		250,923,284
Carphone Warehouse Group PLC	11,829,408		35,475,288
easyJet PLC (a)(d)	28,500,000		143,916,185
Experian PLC	16,500,000		136,178,756
HSBC Holdings PLC:
(United Kingdom) (Reg.)	425,223		4,303,405
sponsored ADR (c)	12,041,000		610,478,700
Imperial Tobacco Group PLC	5,671,100		162,112,232
Inchcape PLC	121,790,000		55,955,502
Informa PLC (d)	37,800,000		151,408,022
International Power PLC	22,504,800		95,970,858
Johnson Matthey PLC	1,000,000		23,657,112
Kingfisher PLC	15,000,000		53,316,213
Man Group PLC	36,357,500		168,104,799
Misys PLC	15,000,355		45,423,231
National Grid PLC	6,319,500		58,966,366
NEXT PLC	1,500,000		42,728,152
Pearson PLC	7,000,000		81,104,131
Persimmon PLC	4,200,000		31,593,772
Prudential PLC	15,300,000		114,580,364
Reckitt Benckiser Group PLC	9,530,500		457,934,155
Redrow PLC (a)	4,650,000		14,877,166
Rio Tinto PLC:
(Reg.)	1,182,952		49,274,839
sponsored ADR (c)	1,000,000		167,580,000
Royal Dutch Shell PLC:
Class A (United Kingdom)	156,000		4,097,091
Class A sponsored ADR	1,900,000		100,016,000
Class B ADR	2,150,000		112,939,500
Standard Chartered PLC (United Kingdom)	10,847,500		257,526,666
Taylor Wimpey PLC	22,104,431		14,402,650
Tesco PLC	46,500,000		285,501,744
Vodafone Group PLC	407,000		836,916
Vodafone Group PLC sponsored ADR	30,159,000		620,672,220
Wolseley PLC (a)	2,000,000		44,741,346
WPP PLC	10,000,000		77,137,660
Xstrata PLC	7,500,000		101,269,480
TOTAL UNITED KINGDOM			5,962,170,536
Common Stocks - continued
	Shares		Value
United States of America - 6.4%
Allergan, Inc.	2,960,500		$ 158,179,515
American Capital Ltd. (c)	1,937,926		6,995,913
AMETEK, Inc.	900,000		29,124,000
C.R. Bard, Inc.	900,000		66,213,000
CME Group, Inc.	204,100		56,909,203
Coach, Inc.	2,512,500		74,344,875
Cummins, Inc.	1,100,000		47,311,000
CVS Caremark Corp.	1,850,000		61,938,000
Danaher Corp.	450,000		27,558,000
Express Scripts, Inc. (a)	1,500,000		105,060,000
Freeport-McMoRan Copper & Gold, Inc.	500,000		30,150,000
Goldman Sachs Group, Inc.	1,113,100		181,769,230
Google, Inc. Class A (a)	306,800		135,927,740
Henry Schein, Inc. (a)	800,000		41,104,000
JPMorgan Chase & Co.	4,190,900		161,978,285
Medco Health Solutions, Inc. (a)	1,350,000		71,361,000
Morgan Stanley	5,771,900		164,499,150
Newmont Mining Corp.	1,000,000		41,350,000
Pfizer, Inc.	7,111,500		113,286,195
Philip Morris International, Inc.	4,000,000		186,400,000
PNC Financial Services Group, Inc.	992,600		36,388,716
State Street Corp.	700,000		35,210,000
Synthes, Inc.	640,757		72,011,337
Titanium Metals Corp. (c)	1,500,000		12,555,000
Visa, Inc. Class A	1,800,000		117,828,000
Wells Fargo & Co.	4,044,780		98,935,319
TOTAL UNITED STATES OF AMERICA			2,134,387,478
TOTAL COMMON STOCKS (Cost $31,182,799,370)		32,676,648,770
Preferred Stocks - 0.3%

Convertible Preferred Stocks - 0.0%
Canada - 0.0%
MetroPhotonics, Inc. Series 2 (a)(f)	198,000		2
Nonconvertible Preferred Stocks - 0.3%
Germany - 0.1%
Bayerische Motoren Werke AG (BMW) (non-vtg.)	792,000		23,253,239

	Shares		Value
Italy - 0.2%
Fiat SpA (a)	2,199,000		$ 13,844,996
Intesa Sanpaolo SpA	22,000,000		62,083,890
TOTAL ITALY			75,928,886
TOTAL NONCONVERTIBLE PREFERRED STOCKS			99,182,125
TOTAL PREFERRED STOCKS (Cost $133,695,896)		99,182,127
Money Market Funds - 4.8%

Fidelity Cash Central Fund, 0.37% (e)	713,315,615		713,315,615
Fidelity Securities Lending Cash Central Fund, 0.22% (b)(e)	903,447,867		903,447,867
TOTAL MONEY MARKET FUNDS (Cost $1,616,763,482)		1,616,763,482

TOTAL INVESTMENT PORTFOLIO - 102.5%

(Cost $32,933,258,748)

34,392,594,379

NET OTHER ASSETS - (2.5)%

(828,094,355)

NET ASSETS - 100%

$ 33,564,500,024

Legend

(a) Non-income producing

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

(d) 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	$ -	$ -	$ 55,960,096
easyJet PLC	149,638,996	4,142,767	10,393,440	-	143,916,185
European Capital Ltd.	13,349,451	-	-	-	-
Flint Energy Services Ltd.	20,173,329	-	11,966,493	-	-
Informa PLC	91,463,882	25,683,318	-	1,607,720	151,408,022
Niko Resources Ltd.	194,858,186	-	110,125,793	242,848	177,887,873
Petrobank Energy & Resources Ltd.	89,650,025	13,088,112	-	-	166,585,139
Pronova BioPharma ASA	33,771,424	6,967,044	-	-	48,279,911
Tecan Group AG	49,374,624	-	-	730,945	47,349,460
Trican Well Service Ltd.	69,582,435	-	3,233,004	515,522	62,375,273
Total	$ 748,754,542	$ 52,628,041	$ 135,718,730	$ 3,097,035	$ 853,761,959

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	$ 7,965,103
Fidelity Securities Lending Cash Central Fund	21,795,044
Total	$ 29,760,147

Other Information

The following is a summary of the inputs used, as of July 31, 2009, involving the Fund's assets and liabilities 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:
Equities:
United Kingdom	$ 5,962,170,536	$ 5,375,312,425	$ 586,858,111	$ -
Japan	5,392,708,432	4,318,777,727	1,073,930,705	-
Switzerland	3,290,508,427	3,219,097,759	71,410,668	-
France	3,154,984,820	2,711,751,479	443,233,341	-
Germany	2,322,890,613	2,245,743,263	77,147,350	-
Unites States of America	2,134,387,478	2,134,387,478	-	-
Canada	1,910,776,463	1,910,295,021	-	481,442
Spain	1,531,988,758	844,960,355	687,028,403	-
Italy	969,476,528	968,359,636	1,116,892	-
Other	6,105,938,842	6,104,299,829	1,639,013	-
Money Market Funds	1,616,763,482	1,616,763,482	-	-
Total Investments in Securities:	$ 34,392,594,379	$ 31,449,748,454	$ 2,942,364,483	$ 481,442

The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value:
Investments in Securities:
Beginning Balance	$ 16,942,832
Total Realized Gain (Loss)	(72,993,522)
Total Unrealized Gain (Loss)	69,036,260
Cost of Purchases	-
Proceeds of Sales	(12,504,128)
Amortization/Accretion	-
Transfers in/out of Level 3	-
Ending Balance	$ 481,442
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ (750,210)

Income Tax Information

At July 31, 2009, the aggregate cost of investment securities for income tax purposes was $33,068,108,526. Net unrealized appreciation aggregated $1,324,485,853, of which $5,641,060,660 related to appreciated investment securities and $4,316,574,807 related to depreciated investment securities.

Investment Valuation

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Emerging Markets Fund

July 31, 2009

1.804872.105

EMF-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.2%
	Shares		Value
Australia - 0.2%
Sino Gold Mining Ltd. (a)	1,583,111		$ 7,003,726
Austria - 0.4%
Erste Bank AG	363,100		12,673,778
Bermuda - 1.2%
Aquarius Platinum Ltd.:
(Australia) (c)	2,503,914		10,407,296
(United Kingdom)	731,222		3,176,297
Credicorp Ltd. (NY Shares)	175,500		11,705,850
Huabao International Holdings Ltd.	4,530,000		4,728,827
Ports Design Ltd.	4,269,500		11,007,260
TOTAL BERMUDA			41,025,530
Brazil - 13.5%
Banco ABC Brasil SA	1,113,800		4,709,476
Banco Bradesco SA:
(PN)	2,170,100		34,063,360
(PN) sponsored ADR	260,000		4,100,200
BM&F BOVESPA SA	3,037,700		19,600,165
Brasil Foods SA	289,800		6,367,524
Companhia de Saneamento de Minas Gerais (a)	19,364		264,517
Companhia Energetica de Minas Gerais (CEMIG) (PN) sponsored ADR (non-vtg.)	8,650		123,522
Companhia Siderurgica Nacional SA (CSN) sponsored ADR	1,102,300		28,218,880
Gerdau SA sponsored ADR	1,869,800		21,820,566
GVT Holding SA (a)	854,300		16,532,033
Localiza Rent A Car SA	1,080,400		8,684,887
MRV Engenharia e Participacoes SA	837,600		14,251,768
Net Servicos de Comunicacao SA sponsored ADR	1,399,566		14,219,591
OGX Petroleo e Gas Participacoes SA	28,800		18,366,560
PDG Realty S.A. Empreendimentos e Participacoes	641,200		9,106,002
Petroleo Brasileiro SA - Petrobras:
(PN) (non-vtg.)	3,296,900		55,549,055
(PN) sponsored ADR (non-vtg.)	1,877,400		63,268,380
sponsored ADR	368,900		15,213,436
Tele Norte Leste Participacoes SA sponsored ADR (non-vtg.)	1,097,500		16,890,525
Vale SA (PN-A) sponsored ADR	4,785,000		82,301,998
Votorantim Celulose e Papel SA sponsored ADR (non-vtg.) (a)	1,170,072		17,480,876
TOTAL BRAZIL			451,133,321
Canada - 1.5%
Addax Petroleum, Inc.	325,900		15,503,202
Eldorado Gold Corp. (a)	611,600		6,148,074
First Quantum Minerals Ltd.	170,500		11,355,061
Sherritt International Corp. (c)	900,900		5,126,019

	Shares		Value
Sino-Forest Corp. (a)	487,300		$ 6,649,009
Uranium One, Inc. (a)	2,288,200		6,116,876
TOTAL CANADA			50,898,241
Cayman Islands - 2.4%
Anta Sports Products Ltd.	5,376,000		8,060,688
China Dongxiang Group Co. Ltd.	17,981,000		13,665,825
China High Speed Transmission Equipment Group Co. Ltd.	4,180,000		10,474,474
China Shanshui Cement Group Ltd.	6,468,000		4,206,368
Eurasia Drilling Co. Ltd. GDR (Reg. S)	767,800		9,597,500
Geely Automobile Holdings Ltd.	31,180,000		7,604,044
Hidili Industry International Development Ltd. (a)	5,343,000		6,170,423
Integra Group Holdings unit (a)	3,460,000		7,266,000
Perfect World Co. Ltd. sponsored ADR Class B (a)	139,800		5,002,044
Want Want China Holdings Ltd.	8,447,400		5,035,838
Yingli Green Energy Holding Co. Ltd. ADR (a)(c)	321,600		4,267,632
TOTAL CAYMAN ISLANDS			81,350,836
China - 10.2%
China Construction Bank Corp. (H Shares)	72,660,000		58,597,909
China Merchants Bank Co. Ltd. (H Shares)	13,131,350		30,871,978
China National Materials Co. Ltd.	8,621,000		8,165,079
China Oilfield Services Ltd. (H Shares)	5,292,000		5,770,099
China Railway Construction Corp. Ltd. (H Shares)	5,805,500		9,259,015
China Shenhua Energy Co. Ltd. (H Shares)	6,755,500		27,589,124
China Yurun Food Group Ltd.	5,801,000		9,176,985
Golden Eagle Retail Group Ltd. (H Shares)	12,606,000		16,461,315
Industrial & Commercial Bank of China Ltd.	83,737,000		60,291,807
Maanshan Iron & Steel Co. Ltd. (H Shares)	9,054,000		7,044,733
NetEase.com, Inc. sponsored ADR (a)	160,100		7,054,006
PICC Property & Casualty Co. Ltd. (H Shares) (a)	13,580,000		10,601,367
Ping An Insurance (Group) Co. of China, Ltd. (H Shares)	3,742,500		33,224,385
Shanda Interactive Entertainment Ltd. sponsored ADR (a)	159,600		7,912,968
Tencent Holdings Ltd.	1,754,400		23,679,199
Yantai Changyu Pioneer Wine Co. (B Shares)	1,602,950		10,337,676
ZTE Corp. (H Shares)	3,291,080		14,353,633
TOTAL CHINA			340,391,278
Cyprus - 0.0%
XXI Century Investments Public Ltd. (a)	160,365		60,282
Common Stocks - continued
	Shares		Value
Czech Republic - 1.3%
Ceske Energeticke Zavody AS	440,400		$ 23,687,029
Komercni Banka AS	109,200		18,646,427
TOTAL CZECH REPUBLIC			42,333,456
Egypt - 0.4%
Commercial International Bank Ltd. sponsored GDR	1,439,319		11,543,338
Hong Kong - 5.9%
China Mobile (Hong Kong) Ltd.	6,846,400		71,844,383
China Overseas Land & Investment Ltd.	7,838,000		19,337,479
China Resources Power Holdings Co. Ltd.	5,811,500		15,035,204
CNOOC Ltd.	27,880,000		37,096,001
CNPC (Hong Kong) Ltd.	15,576,000		15,777,286
Hong Kong Exchange & Clearing Ltd.	557,500		10,517,171
Shanghai Industrial Holdings Ltd. (H Shares)	3,141,000		17,022,523
Sino-Ocean Land Holdings Ltd.	9,831,500		10,504,051
TOTAL HONG KONG			197,134,098
Hungary - 0.8%
OTP Bank Ltd. (a)	1,225,200		26,228,987
India - 8.5%
Bank of Baroda	364,322		3,401,564
Bharat Heavy Electricals Ltd.	454,242		21,183,396
Bharti Airtel Ltd.	699,784		6,000,657
DLF Ltd.	1,430,003		11,846,674
Grasim Industries Ltd.	168,511		9,919,661
Housing Development and Infrastructure Ltd.	1,361,113		7,882,075
Housing Development Finance Corp. Ltd.	651,864		34,566,852
ICICI Bank Ltd.	1,562,101		24,774,775
Indiabulls Real Estate Ltd.	1,403,590		7,228,525
Infosys Technologies Ltd. sponsored ADR (c)	862,800		37,126,284
ITC Ltd.	1,500		7,816
Jain Irrigation Systems Ltd.	719,177		10,618,105
JSW Steel Ltd.	1,032,007		15,056,621
Mahindra & Mahindra Ltd.	825,694		14,831,415
Maruti Suzuki India Ltd.	338,125		10,000,228
Power Finance Corp. Ltd.	739,047		3,615,265
Reliance Industries Ltd. (a)	844,408		34,524,943
Rural Electrification Corp. Ltd.	1,132,196		4,798,664
Tata Power Co. Ltd.	570,489		15,523,384
Tata Steel Ltd.	1,305,142		12,617,510
TOTAL INDIA			285,524,414
Indonesia - 5.1%
PT Astra International Tbk	7,619,500		22,493,913
PT Bank Central Asia Tbk	53,756,500		20,446,494
PT Bank Mandiri Persero Tbk	25,856,500		10,876,700
PT Bank Rakyat Indonesia Tbk	32,362,500		23,803,227

	Shares		Value
PT Berlian Laju Tanker Tbk	16,962,000		$ 1,418,489
PT Berlian Laju Tanker Tbk rights 8/4/09 (a)	5,654,000		230,718
PT Bumi Resources Tbk	65,794,000		18,561,593
PT Indocement Tunggal Prakarsa Tbk	11,279,500		10,569,239
PT Indofood Sukses Makmur Tbk	38,202,500		8,756,773
PT International Nickel Indonesia Tbk (a)	10,670,500		4,623,003
PT Perusahaan Gas Negara Tbk Series B	63,459,600		22,378,774
PT Telkomunikasi Indonesia Tbk Series B	27,884,500		25,145,300
TOTAL INDONESIA			169,304,223
Ireland - 0.3%
Dragon Oil PLC (a)	1,778,360		9,968,061
Israel - 1.6%
Israel Chemicals Ltd.	1,333,684		15,115,554
Teva Pharmaceutical Industries Ltd. sponsored ADR	719,800		38,394,132
TOTAL ISRAEL			53,509,686
Kazakhstan - 0.5%
JSC Halyk Bank of Kazakhstan unit (a)	1,367,600		7,111,520
KazMunaiGas Exploration & Production JSC (Reg. S) GDR	486,411		10,482,157
TOTAL KAZAKHSTAN			17,593,677
Korea (South) - 10.0%
Hana Financial Group, Inc.	1,041,180		29,803,954
Hyundai Engineering & Construction Co. Ltd.	204,485		10,586,324
Hyundai Heavy Industries Co. Ltd.	54,960		9,664,185
Hyundai Industrial Development & Construction Co.	426,770		15,165,743
Hyundai Mobis	267,095		28,288,867
Hyundai Motor Co.	375,024		27,021,845
KB Financial Group, Inc. (a)	151,980		6,600,259
Korea Exchange Bank	2,210,870		21,517,420
LG Electronics, Inc.	203,542		21,557,770
LG Innotek Co. Ltd.	32,759		3,295,458
MegaStudy Co. Ltd.	46,085		8,985,575
Mirae Asset Securities Co. Ltd.	101,301		6,470,604
NHN Corp. (a)	121,756		17,774,960
Samsung C&T Corp.	156,550		5,947,286
Samsung Electronics Co. Ltd.	114,902		68,037,161
Samsung Securities Co. Ltd.	107,818		6,772,243
Shinhan Financial Group Co. Ltd. (a)	1,082,520		36,581,033
Taewoong Co. Ltd.	132,838		9,538,869
TOTAL KOREA (SOUTH)			333,609,556
Luxembourg - 1.1%
ArcelorMittal SA (NY Shares) Class A	346,365		12,482,995
Evraz Group SA GDR	766,200		16,856,400
Ternium SA sponsored ADR (a)	325,700		6,644,280
TOTAL LUXEMBOURG			35,983,675
Common Stocks - continued
	Shares		Value
Malaysia - 0.0%
Parkson Holdings Bhd	10,410		$ 15,959
Public Bank Bhd	4,609		13,346
TOTAL MALAYSIA			29,305
Mexico - 2.5%
America Movil SAB de CV Series L sponsored ADR	1,520,800		65,409,608
Corporacion Geo SA de CV Series B (a)	3,835,200		8,156,633
Empresas ICA Sociedad Controladora SA de CV sponsored ADR (a)	469,000		3,479,980
Grupo Aeroportuario del Pacifico SA de CV sponsored ADR	278,500		7,772,935
TOTAL MEXICO			84,819,156
Netherlands - 0.3%
X5 Retail Group NV GDR (Reg. S) (a)	533,550		8,590,155
Norway - 0.1%
Det Norske Oljeselskap ASA (DNO) (A Shares) (a)(c)	2,122,000		2,595,422
Papua New Guinea - 0.2%
Oil Search Ltd.	1,591,728		7,507,754
Peru - 0.4%
Compania de Minas Buenaventura SA sponsored ADR	525,200		13,681,460
Philippines - 0.3%
Philippine Long Distance Telephone Co. sponsored ADR	214,600		11,302,982
Poland - 0.3%
Bank Polska Kasa Opieki SA (a)	105,700		5,289,996
Globe Trade Centre SA (a)	405,700		3,625,745
TOTAL POLAND			8,915,741
Russia - 7.7%
Cherkizovo Group OJSC GDR (a)	322,100		1,948,705
Magnit OJSC GDR (Reg. S) (a)	931,200		9,125,760
Mechel Steel Group OAO sponsored ADR	658,800		7,035,984
Novorossiysk Commercial Sea Port JSC	13,641,400		2,182,624
Novorossiysk Commercial Sea Port JSC GDR (Reg. S)	81,000		1,044,900
OAO Gazprom	1,043,900		5,271,695
OAO Gazprom sponsored ADR	3,388,559		70,312,599
OAO NOVATEK GDR	200,100		8,626,311
OAO Tatneft sponsored ADR	685,300		17,063,970
OJSC MMC Norilsk Nickel sponsored ADR	2,196,466		22,030,554
OJSC Oil Company Rosneft GDR (Reg. S)	4,534,200		27,703,962
Polymetal JSC GDR (Reg. S) (a)	1,041,600		8,436,960
RusHydro OJSC GDR (a)	2,049,833		7,297,405
Sberbank (Savings Bank of the Russian Federation)	12,460,700		17,071,159
Sberbank (Savings Bank of the Russian Federation) GDR	50,533		9,795,014

	Shares		Value
Sistema JSFC sponsored GDR	654,421		$ 9,803,227
Uralkali JSC	1,542,600		5,553,360
Vimpel Communications sponsored ADR	2,053,500		27,742,785
TOTAL RUSSIA			258,046,974
Singapore - 0.7%
Singapore Exchange Ltd.	1,085,000		6,573,930
Straits Asia Resources Ltd.	5,927,000		8,771,894
Wilmar International Ltd.	2,129,000		8,860,971
TOTAL SINGAPORE			24,206,795
South Africa - 5.2%
African Bank Investments Ltd.	3,937,499		15,207,068
AngloGold Ashanti Ltd.	366,600		13,983,711
Aspen Pharmacare Holdings Ltd.	1,838,877		14,099,637
Aveng Ltd.	2,765,000		13,183,634
Clicks Group Ltd.	2,037,600		5,377,584
Illovo Sugar Ltd.	2,017,789		7,982,748
JD Group Ltd.	2,175,325		13,315,456
Mr. Price Group Ltd.	2,879,745		11,329,718
MTN Group Ltd.	3,091,100		50,987,216
Mvelaphanda Resources Ltd. (a)	1,616,390		8,109,029
Raubex Group Ltd.	2,801,136		8,970,133
Shoprite Holdings Ltd.	1,456,535		10,698,775
TOTAL SOUTH AFRICA			173,244,709
Taiwan - 7.9%
Advanced Semiconductor Engineering, Inc.	4,432,000		3,133,710
Advanced Semiconductor Engineering, Inc. sponsored ADR (c)	2,894,400		10,188,288
Asia Cement Corp.	12,057,000		12,898,528
EVA Airways Corp. (a)	15,383,000		4,449,396
Farglory Land Development Co. Ltd.	2,117,000		5,013,438
First Financial Holding Co. Ltd.	21,791,077		13,416,024
Fubon Financial Holding Co. Ltd.	14,090,000		14,450,732
Hon Hai Precision Industry Co. Ltd. (Foxconn)	13,003,447		44,784,807
HTC Corp.	1,706,300		23,272,455
Hung Poo Real Estate Development Co. Ltd.	1,552,000		1,986,711
Macronix International Co. Ltd.	15,479,000		8,090,974
MediaTek, Inc.	2,011,868		28,911,788
Polaris Securities Co. Ltd.	9,130,000		5,064,493
Siliconware Precision Industries Co. Ltd.	9,369,633		12,593,746
Taiwan Semiconductor Manufacturing Co. Ltd.	14,285,447		25,645,012
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	1,826,314		19,121,508
Wistron Corp.	9,447,000		18,830,655
Yuanta Financial Holding Co. Ltd.	14,893,000		10,712,429
TOTAL TAIWAN			262,564,694
Thailand - 0.8%
Central Pattana PCL (For. Reg.)	4,976,300		2,705,306
Common Stocks - continued
	Shares		Value
Thailand - continued
National Finance PCL (For. Reg.)	3,639,200		$ 1,475,785
Siam Commercial Bank PCL (For. Reg.)	8,836,300		20,058,894
Thai Airways International PCL (For. Reg.) (a)	6,441,300		2,574,249
Total Access Communication PCL (For. Reg.)	105,200		102,789
TOTAL THAILAND			26,917,023
Turkey - 2.9%
Anadolu Efes Biracilik ve Malt Sanyii AS	1,225,665		13,163,964
Enka Insaat ve Sanayi AS	2,740,444		9,314,268
Tofas Turk Otomobil Fabrikasi AS	4,256,824		8,912,391
Turk Hava Yollari AO	6,304,000		9,941,731
Turkiye Garanti Bankasi AS (a)	8,815,895		31,162,160
Turkiye Halk Bankasi	2,087,000		11,136,530
Turkiye Is Bankasi AS Series C	3,929,939		13,624,287
TOTAL TURKEY			97,255,331
United Arab Emirates - 0.1%
DP World Ltd.	10,987,034		3,955,332
United Kingdom - 1.6%
Hikma Pharmaceuticals PLC	1,102,161		8,005,401
Max Petroleum PLC (a)	12,479,900		5,421,044
Randgold Resources Ltd. sponsored ADR	166,600		10,349,192
Standard Chartered PLC (United Kingdom)	448,100		10,638,184
Tullow Oil PLC	290,700		4,800,873
Xstrata PLC	923,700		12,472,349
TOTAL UNITED KINGDOM			51,687,043
United States of America - 1.3%
AsiaInfo Holdings, Inc. (a)	80,500		1,551,235
Central European Distribution Corp. (a)	467,530		13,422,786
CTC Media, Inc. (a)	1,051,417		12,995,514
Freeport-McMoRan Copper & Gold, Inc.	264,300		15,937,290
TOTAL UNITED STATES OF AMERICA			43,906,825
TOTAL COMMON STOCKS (Cost $2,534,358,647)		3,246,496,864
Money Market Funds - 3.5%

Fidelity Cash Central Fund, 0.37% (d)	83,599,496		83,599,496
Fidelity Securities Lending Cash Central Fund, 0.22% (b)(d)	32,989,875		32,989,875
TOTAL MONEY MARKET FUNDS (Cost $116,589,371)		116,589,371
Cash Equivalents - 0.1%
	Maturity Amount		Value
Investments in repurchase agreements in a joint trading account at 0.19%, dated 7/31/09 due 8/3/09 (Collateralized by U.S. Treasury Obligations) # (Cost $4,078,000)	$ 4,078,065		$ 4,078,000

TOTAL INVESTMENT PORTFOLIO - 100.08%

(Cost $2,655,026,018)

3,367,164,235

NET OTHER ASSETS - (0.8)%

(25,699,145)

NET ASSETS - 100%

$ 3,341,465,090

Legend

(a) Non-income producing

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

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

Repurchase Agreement / Counterparty	Value
$4,078,000 due 8/03/09 at 0.19%
BNP Paribas Securities Corp.	$ 1,977,751
Banc of America Securities LLC	727,964
Barclays Capital, Inc.	1,051,995
Deutsche Bank Securities, Inc.	320,290
	$ 4,078,000

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
Fidelity Cash Central Fund	$ 334,945
Fidelity Securities Lending Cash Central Fund	692,372
Total	$ 1,027,317

Other Information

The following is a summary of the inputs used, as of July 31, 2009, involving the Fund's assets and liabilities 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:
Equities:
Brazil	$ 451,133,321	$ 450,868,804	$ 264,517	$ -
China	340,391,278	340,391,278	-	-
Korea (South)	333,609,556	297,028,523	36,581,033	-
India	285,524,414	272,203,189	13,321,225	-
Taiwan	262,564,694	259,430,984	3,133,710	-
Russia	258,046,974	258,046,974	-	-
Hong Kong	197,134,098	88,193,714	108,940,384	-
South Africa	173,244,709	173,244,709	-	-
Indonesia	169,304,223	169,073,505	230,718	-
Cyprus	60,282	-	-	60,282
Other	775,483,315	775,483,315	-	-
Cash Equivalents	4,078,000	-	4,078,000	-
Money Market Funds	116,589,371	116,589,371	-	-
Total Investments in Securities:	$ 3,367,164,235	$ 3,200,554,366	$ 166,549,587	$ 60,282

The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value:
Investments in Securities:
Beginning Balance	$ 10,123,191
Total Realized Gain (Loss)	(8,756,108)
Total Unrealized Gain (Loss)	17,256,081
Cost of Purchases	1,069,424
Proceeds of Sales	(1,314,474)
Amortization/Accretion	-
Transfer in/out of Level 3	(18,317,832)
Ending Balance	$ 60,282
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ 4,240,324

Income Tax Information

At July 31, 2009, the aggregate cost of investment securities for income tax purposes was $2,712,978,304. Net unrealized appreciation aggregated $654,185,931, of which $821,538,813 related to appreciated investment securities and $167,352,882 related to depreciated investment securities.

Investment Valuation

Quarterly Report

Quarterly Holdings Report

for

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

July 31, 2009

1.861977.101

EME-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 91.1%
	Shares		Value
Canada - 0.3%
TransGlobe Energy Corp. (a)	102,300		$ 322,848
Cayman Islands - 0.5%
Eurasia Drilling Co. Ltd. GDR (Reg. S)	44,700		558,750
Czech Republic - 4.7%
Ceske Energeticke Zavody AS	68,150		3,665,465
Telefonica O2 Czech Republic AS	57,013		1,540,540
TOTAL CZECH REPUBLIC			5,206,005
Egypt - 4.1%
EFG-Hermes Holding SAE	118,900		541,994
Egyptian Co. for Mobile Services (MobiNil)	67,988		2,622,342
Orascom Construction Industries SAE	18,980		728,650
Telecom Egypt SAE	204,700		651,955
TOTAL EGYPT			4,544,941
Israel - 12.2%
Bezeq Israeli Telecommunication Corp. Ltd.	660,700		1,309,558
Cellcom Israel Ltd.	11,100		311,877
Mizrahi Tefahot Bank Ltd. (a)	122,700		895,833
Partner Communications Co. Ltd.	17,065		325,917
Shufersal Ltd.	140,000		553,506
Teva Pharmaceutical Industries Ltd.	154,500		8,225,883
Teva Pharmaceutical Industries Ltd. sponsored ADR	34,100		1,818,894
TOTAL ISRAEL			13,441,468
Kenya - 1.5%
British American Tobacco Kenya Ltd.	129,300		300,070
East African Breweries Ltd.	450,705		881,431
Safaricom Ltd.	9,450,000		462,027
TOTAL KENYA			1,643,528
Kuwait - 0.2%
Mobile Telecommunication Co. (a)	50,000		219,226
Nigeria - 2.8%
Guaranty Trust Bank PLC (Reg. S) unit	390,971		1,990,042
Nigerian Breweries PLC	1,620,745		542,487
Zenith Bank PLC	5,618,393		522,974
TOTAL NIGERIA			3,055,503
Oman - 0.3%
BankMuscat SAOG	197,671		374,194
Common Stocks - continued
	Shares		Value
Qatar - 1.0%
Qatar Gas Transport Co. Ltd. (Nakilat) (a)	77,289		$ 515,819
Qatar National Bank SAQ	17,645		622,728
TOTAL QATAR			1,138,547
Russia - 21.0%
Comstar United TeleSystems OJSC GDR (Reg. S)	279,500		1,397,500
Lukoil Oil Co. (a)	7,300		365,730
Lukoil Oil Co. sponsored ADR	106,495		5,324,750
OAO Gazprom	1,937,900		9,786,398
OAO NOVATEK	52,700		206,584
OAO NOVATEK GDR	14,600		629,406
Polymetal JSC (a)	16,300		131,215
Polymetal JSC GDR (Reg. S) (a)	221,750		1,796,175
Polyus Gold OJSC ADR	12,500		268,750
Sberbank (Savings Bank of the Russian Federation)	2,139,400		2,930,978
Wimm-Bill-Dann Foods OJSC sponsored ADR (a)	3,600		245,376
TOTAL RUSSIA			23,082,862
South Africa - 38.9%
Africa Cellular Towers Ltd. (a)	4,639,900		669,676
African Dawn Capital Ltd. (a)	600,000		115,979
African Rainbow Minerals Ltd.	50,500		855,572
AngloGold Ashanti Ltd.	44,700		1,705,052
Aspen Pharmacare Holdings Ltd.	115,500		885,599
Austro Group Ltd.	411,000		26,482
Aveng Ltd.	260,400		1,241,598
Bell Equipment Ltd. (a)	215,094		221,746
Buildworks Group Ltd. (a)	1,400,600		81,220
Cashbuild Ltd.	45,200		401,907
Clicks Group Ltd.	536,380		1,415,601
DRDGOLD Ltd.	1,956,654		1,412,018
Exxaro Resources Ltd.	167,100		1,765,747
FirstRand Ltd.	568,700		1,111,750
Gold Fields Ltd.	138,600		1,664,256
Harmony Gold Mining Co. Ltd. (a)	336,600		3,100,480
Illovo Sugar Ltd.	193,300		764,731
Kumba Iron Ore Ltd.	17,400		464,149
Mr. Price Group Ltd.	129,600		509,882
MTN Group Ltd.	571,850		9,432,577
Murray & Roberts Holdings Ltd.	176,600		1,079,854
Paracon Holdings Ltd.	2,528,328		446,367
Raubex Group Ltd.	984,900		3,153,965
Common Stocks - continued
	Shares		Value
South Africa - continued
Sanlam Ltd.	289,200		$ 737,162
Sasol Ltd.	165,800		5,939,742
Shoprite Holdings Ltd.	345,500		2,537,822
Wilson Bayly Holmes-Ovcon Ltd.	18,400		267,938
Woolworths Holdings Ltd.	371,351		745,095
TOTAL SOUTH AFRICA			42,753,967
Turkey - 1.6%
Bim Birlesik Magazalar AS JSC	44,000		1,734,756
United Arab Emirates - 1.1%
Dubai Financial Market PJSC	1,941,594		909,214
National Bank of Abu Dhabi PJSC (a)	71,982		271,427
TOTAL UNITED ARAB EMIRATES			1,180,641
United Kingdom - 0.4%
Coffeeheaven International PLC (a)	353,700		115,231
Randgold Resources Ltd. sponsored ADR	5,800		360,296
TOTAL UNITED KINGDOM			475,527
Zambia - 0.5%
Celtel Zambia Ltd.	2,995,780		322,899
Zambeef Products PLC	207,000		164,443
TOTAL ZAMBIA			487,342
TOTAL COMMON STOCKS (Cost $108,878,694)		100,220,105
Investment Companies - 1.3%

Canada - 1.3%
Horizons BetaPro COMEX Gold Bullion Bull Plus ETF (a) (Cost $1,393,741)	91,900		1,492,783
Money Market Funds - 7.7%

Fidelity Cash Central Fund, 0.37% (b) (Cost $8,476,396)	8,476,396		8,476,396
TOTAL INVESTMENT PORTFOLIO - 100.1% (Cost $118,748,831)			110,189,284
NET OTHER ASSETS - (0.1)%			(131,542)
NET ASSETS - 100%		$ 110,057,742

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.

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	$ 17,329

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
South Africa	$ 42,753,967	$ 37,989,231	$ 4,764,736	$ -
Russia	23,082,862	23,082,862	-	-
Israel	13,441,468	13,441,468	-	-
Czech Republic	5,206,005	5,206,005	-	-
Egypt	4,544,941	4,544,941	-	-
Nigeria	3,055,503	3,055,503	-	-
Canada	1,815,631	1,815,631	-	-
Turkey	1,734,756	1,734,756	-	-
Kenya	1,643,528	1,643,528	-	-
Other	4,434,227	4,434,227	-	-
Money Market Funds	8,476,396	8,476,396	-	-
Total Investments in Securities:	$ 110,189,284	$ 105,424,548	$ 4,764,736	$ -

Income Tax Information

At July 31, 2009, the aggregate cost of investment securities for income tax purposes was $119,680,432. Net unrealized depreciation aggregated $9,491,148, of which $10,149,865 related to appreciated investment securities and $19,641,013 related to depreciated investment securities.

Investment Valuation

Quarterly Report

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
Emerging Europe, Middle East,
Africa (EMEA) Fund
Class A
Class T
Class B
Class C
Institutional Class

July 31, 2009

1.861995.101

AEME-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 91.1%
	Shares		Value
Canada - 0.3%
TransGlobe Energy Corp. (a)	102,300		$ 322,848
Cayman Islands - 0.5%
Eurasia Drilling Co. Ltd. GDR (Reg. S)	44,700		558,750
Czech Republic - 4.7%
Ceske Energeticke Zavody AS	68,150		3,665,465
Telefonica O2 Czech Republic AS	57,013		1,540,540
TOTAL CZECH REPUBLIC			5,206,005
Egypt - 4.1%
EFG-Hermes Holding SAE	118,900		541,994
Egyptian Co. for Mobile Services (MobiNil)	67,988		2,622,342
Orascom Construction Industries SAE	18,980		728,650
Telecom Egypt SAE	204,700		651,955
TOTAL EGYPT			4,544,941
Israel - 12.2%
Bezeq Israeli Telecommunication Corp. Ltd.	660,700		1,309,558
Cellcom Israel Ltd.	11,100		311,877
Mizrahi Tefahot Bank Ltd. (a)	122,700		895,833
Partner Communications Co. Ltd.	17,065		325,917
Shufersal Ltd.	140,000		553,506
Teva Pharmaceutical Industries Ltd.	154,500		8,225,883
Teva Pharmaceutical Industries Ltd. sponsored ADR	34,100		1,818,894
TOTAL ISRAEL			13,441,468
Kenya - 1.5%
British American Tobacco Kenya Ltd.	129,300		300,070
East African Breweries Ltd.	450,705		881,431
Safaricom Ltd.	9,450,000		462,027
TOTAL KENYA			1,643,528
Kuwait - 0.2%
Mobile Telecommunication Co. (a)	50,000		219,226
Nigeria - 2.8%
Guaranty Trust Bank PLC (Reg. S) unit	390,971		1,990,042
Nigerian Breweries PLC	1,620,745		542,487
Zenith Bank PLC	5,618,393		522,974
TOTAL NIGERIA			3,055,503
Oman - 0.3%
BankMuscat SAOG	197,671		374,194
Common Stocks - continued
	Shares		Value
Qatar - 1.0%
Qatar Gas Transport Co. Ltd. (Nakilat) (a)	77,289		$ 515,819
Qatar National Bank SAQ	17,645		622,728
TOTAL QATAR			1,138,547
Russia - 21.0%
Comstar United TeleSystems OJSC GDR (Reg. S)	279,500		1,397,500
Lukoil Oil Co. (a)	7,300		365,730
Lukoil Oil Co. sponsored ADR	106,495		5,324,750
OAO Gazprom	1,937,900		9,786,398
OAO NOVATEK	52,700		206,584
OAO NOVATEK GDR	14,600		629,406
Polymetal JSC (a)	16,300		131,215
Polymetal JSC GDR (Reg. S) (a)	221,750		1,796,175
Polyus Gold OJSC ADR	12,500		268,750
Sberbank (Savings Bank of the Russian Federation)	2,139,400		2,930,978
Wimm-Bill-Dann Foods OJSC sponsored ADR (a)	3,600		245,376
TOTAL RUSSIA			23,082,862
South Africa - 38.9%
Africa Cellular Towers Ltd. (a)	4,639,900		669,676
African Dawn Capital Ltd. (a)	600,000		115,979
African Rainbow Minerals Ltd.	50,500		855,572
AngloGold Ashanti Ltd.	44,700		1,705,052
Aspen Pharmacare Holdings Ltd.	115,500		885,599
Austro Group Ltd.	411,000		26,482
Aveng Ltd.	260,400		1,241,598
Bell Equipment Ltd. (a)	215,094		221,746
Buildworks Group Ltd. (a)	1,400,600		81,220
Cashbuild Ltd.	45,200		401,907
Clicks Group Ltd.	536,380		1,415,601
DRDGOLD Ltd.	1,956,654		1,412,018
Exxaro Resources Ltd.	167,100		1,765,747
FirstRand Ltd.	568,700		1,111,750
Gold Fields Ltd.	138,600		1,664,256
Harmony Gold Mining Co. Ltd. (a)	336,600		3,100,480
Illovo Sugar Ltd.	193,300		764,731
Kumba Iron Ore Ltd.	17,400		464,149
Mr. Price Group Ltd.	129,600		509,882
MTN Group Ltd.	571,850		9,432,577
Murray & Roberts Holdings Ltd.	176,600		1,079,854
Paracon Holdings Ltd.	2,528,328		446,367
Raubex Group Ltd.	984,900		3,153,965
Common Stocks - continued
	Shares		Value
South Africa - continued
Sanlam Ltd.	289,200		$ 737,162
Sasol Ltd.	165,800		5,939,742
Shoprite Holdings Ltd.	345,500		2,537,822
Wilson Bayly Holmes-Ovcon Ltd.	18,400		267,938
Woolworths Holdings Ltd.	371,351		745,095
TOTAL SOUTH AFRICA			42,753,967
Turkey - 1.6%
Bim Birlesik Magazalar AS JSC	44,000		1,734,756
United Arab Emirates - 1.1%
Dubai Financial Market PJSC	1,941,594		909,214
National Bank of Abu Dhabi PJSC (a)	71,982		271,427
TOTAL UNITED ARAB EMIRATES			1,180,641
United Kingdom - 0.4%
Coffeeheaven International PLC (a)	353,700		115,231
Randgold Resources Ltd. sponsored ADR	5,800		360,296
TOTAL UNITED KINGDOM			475,527
Zambia - 0.5%
Celtel Zambia Ltd.	2,995,780		322,899
Zambeef Products PLC	207,000		164,443
TOTAL ZAMBIA			487,342
TOTAL COMMON STOCKS (Cost $108,878,694)		100,220,105
Investment Companies - 1.3%

Canada - 1.3%
Horizons BetaPro COMEX Gold Bullion Bull Plus ETF (a) (Cost $1,393,741)	91,900		1,492,783
Money Market Funds - 7.7%

Fidelity Cash Central Fund, 0.37% (b) (Cost $8,476,396)	8,476,396		8,476,396
TOTAL INVESTMENT PORTFOLIO - 100.1% (Cost $118,748,831)			110,189,284
NET OTHER ASSETS - (0.1)%			(131,542)
NET ASSETS - 100%		$ 110,057,742

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	$ 17,329

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
South Africa	$ 42,753,967	$ 37,989,231	$ 4,764,736	$ -
Russia	23,082,862	23,082,862	-	-
Israel	13,441,468	13,441,468	-	-
Czech Republic	5,206,005	5,206,005	-	-
Egypt	4,544,941	4,544,941	-	-
Nigeria	3,055,503	3,055,503	-	-
Canada	1,815,631	1,815,631	-	-
Turkey	1,734,756	1,734,756	-	-
Kenya	1,643,528	1,643,528	-	-
Other	4,434,227	4,434,227	-	-
Money Market Funds	8,476,396	8,476,396	-	-
Total Investments in Securities:	$ 110,189,284	$ 105,424,548	$ 4,764,736	$ -

Income Tax Information

Investment Valuation

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 ® Europe Fund -
Europe Fund
Class F

July 31, 2009

1.804873.105

EUR-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.0%
	Shares		Value
Australia - 0.1%
Billabong International Ltd.	234,869		$ 1,807,073
Belgium - 2.1%
Anheuser-Busch InBev SA NV	775,790		30,865,468
Fortis (a)	1,736,900		6,758,161
Gimv NV	101,800		5,099,929
Umicore SA	536,100		13,997,882
TOTAL BELGIUM			56,721,440
Bermuda - 0.9%
Seadrill Ltd.	408,700		6,558,449
Signet Jewelers Ltd. (United Kingdom)	735,669		16,395,956
TOTAL BERMUDA			22,954,405
Brazil - 0.5%
Petroleo Brasileiro SA - Petrobras (PN) sponsored ADR (non-vtg.)	418,400		14,100,080
Canada - 0.6%
Petrobank Energy & Resources Ltd. (a)	254,600		7,746,589
Suncor Energy, Inc.	252,700		8,171,966
TOTAL CANADA			15,918,555
Cayman Islands - 0.6%
China Dongxiang Group Co. Ltd.	20,201,000		15,353,057
Denmark - 2.4%
Carlsberg AS Series B	91,300		6,334,332
Danske Bank AS (a)	920,661		19,162,450
Genmab AS (a)	269,200		10,768,206
Novo Nordisk AS Series B	475,300		27,972,736
TOTAL DENMARK			64,237,724
Finland - 1.2%
Nokia Corp.	1,670,953		22,467,654
Nokian Tyres PLC	462,661		9,772,421
TOTAL FINLAND			32,240,075
France - 14.3%
Accor SA	19,815		845,828
AXA SA	1,067,200		22,526,060
BNP Paribas SA	656,603		47,867,368
Bouygues SA	367,600		15,657,406
Danone	538,793		28,908,150
Essilor International SA	258,000		14,304,094
GDF Suez	448,714		17,142,592
L'Oreal SA	214,300		18,573,264
PPR SA	236,600		26,366,775
Renault SA (a)	370,500		15,799,409
Sanofi-Aventis	598,300		39,143,794
Schneider Electric SA	266,300		24,192,139
Societe Generale Series A	223,649		14,359,946
Technip SA	129,500		7,829,454
Television Francaise 1 SA	353,656		5,479,004

	Shares		Value
Total SA:
Series B	733,200		$ 40,662,357
sponsored ADR	327,700		18,236,505
Unibail-Rodamco (c)	77,700		13,576,960
Vallourec SA (c)	60,415		7,947,628
TOTAL FRANCE			379,418,733
Germany - 9.3%
Bayerische Motoren Werke AG (BMW)	551,800		25,504,669
Deutsche Bank AG	159,638		10,360,365
Deutsche Boerse AG	292,700		23,194,690
Deutsche Post AG	526,900		8,339,458
Deutsche Telekom AG (Reg.)	2,066,340		26,428,353
E.ON AG	1,142,900		43,264,068
Fresenius Medical Care AG & Co. KGaA	163,800		7,521,951
MAN AG	132,000		9,124,451
Munich Re Group (Reg.)	171,200		25,886,257
Salzgitter AG	60,000		6,084,392
SAP AG	502,388		23,737,634
Siemens AG (Reg.)	482,000		38,308,773
TOTAL GERMANY			247,755,061
Hong Kong - 0.7%
China Unicom (Hong Kong) Ltd. sponsored ADR	723,900		10,409,682
Esprit Holdings Ltd.	1,079,400		7,799,686
TOTAL HONG KONG			18,209,368
Ireland - 1.0%
Allied Irish Banks PLC	41,900		104,315
CRH PLC	831,240		19,844,141
Ryanair Holdings PLC sponsored ADR (a)	184,900		5,234,519
TOTAL IRELAND			25,182,975
Italy - 3.2%
ENI SpA	1,047,096		24,466,385
Fiat SpA (a)	1,791,800		19,868,276
Intesa Sanpaolo SpA	8,441,700		31,432,380
UniCredit SpA	3,193,281		9,352,765
TOTAL ITALY			85,119,806
Luxembourg - 0.6%
ArcelorMittal SA (Netherlands)	429,300		15,449,461
Netherlands - 2.4%
Akzo Nobel NV	296,200		16,251,013
ASML Holding NV (Netherlands)	443,200		11,572,939
Koninklijke Ahold NV	366,186		4,164,293
Koninklijke KPN NV	1,376,649		20,690,018
Koninklijke Philips Electronics NV	478,900		10,901,711
TOTAL NETHERLANDS			63,579,974
Netherlands Antilles - 0.4%
Schlumberger Ltd.	178,800		9,565,800
Common Stocks - continued
	Shares		Value
Norway - 1.1%
DnB Nor ASA (a)	2,050,900		$ 17,840,166
Pronova BioPharma ASA (a)	1,150,000		3,582,058
Telenor ASA (a)	942,400		8,689,454
TOTAL NORWAY			30,111,678
Papua New Guinea - 0.3%
Lihir Gold Ltd. (a)	3,953,297		9,158,014
South Africa - 0.6%
MTN Group Ltd.	1,001,300		16,516,289
Spain - 6.9%
Banco Bilbao Vizcaya Argentaria SA	1,649,297		27,001,193
Banco Santander SA	3,161,757		45,783,949
Iberdrola SA	3,090,900		26,519,938
Inditex SA	273,800		14,727,410
Telefonica SA	2,724,100		67,772,776
TOTAL SPAIN			181,805,266
Sweden - 1.7%
H&M Hennes & Mauritz AB (B Shares)	468,653		27,857,553
Lundin Petroleum AB (a)	1,130,800		10,012,002
Telefonaktiebolaget LM Ericsson (B Shares)	764,000		7,520,488
TOTAL SWEDEN			45,390,043
Switzerland - 10.5%
Actelion Ltd. (Reg.) (a)	254,270		14,026,310
Credit Suisse Group (Reg.)	763,440		36,077,007
Nestle SA (Reg.)	1,947,922		80,166,200
Nobel Biocare Holding AG (Switzerland)	405,879		9,639,460
Novartis AG (Reg.)	458,226		20,936,114
Roche Holding AG (participation certificate)	354,395		55,879,434
Schindler Holding AG (participation certificate)	165,733		10,700,956
Sonova Holding AG	128,251		11,311,147
UBS AG (NY Shares) (a)	983,500		14,496,790
Zurich Financial Services AG (Reg.)	131,738		25,887,784
TOTAL SWITZERLAND			279,121,202
United Kingdom - 32.7%
Aberdeen Asset Management PLC	5,100,900		10,609,982
Aegis Group PLC	2,824,349		3,892,878
Anglo American PLC (United Kingdom)	917,100		29,571,440
AstraZeneca PLC (United Kingdom)	796,900		37,123,693
Barclays PLC	7,553,400		38,399,387
Barratt Developments PLC (a)	1,016,100		3,369,733
Bellway PLC	856,600		10,518,744
BG Group PLC	2,684,900		44,811,767
Bovis Homes Group PLC	1,413,700		10,911,833
BP PLC	6,554,700		54,364,199
British Land Co. PLC	1,764,900		12,826,490

	Shares		Value
British Sky Broadcasting Group PLC (BSkyB)	1,200,900		$ 10,954,636
Burberry Group PLC	2,075,800		15,952,980
Cairn Energy PLC (a)	304,900		12,205,138
Capita Group PLC	784,274		8,746,163
Carphone Warehouse Group PLC	3,672,700		11,014,084
Debenhams PLC	3,732,350		5,534,128
easyJet PLC (a)	377,000		1,903,733
Experian PLC	2,578,100		21,277,724
HSBC Holdings PLC (United Kingdom) (Reg.)	8,551,545		86,544,616
Icap PLC	1,012,900		7,682,824
Imperial Tobacco Group PLC	681,100		19,469,704
InterContinental Hotel Group PLC	983,100		11,152,338
ITV PLC	12,797,700		8,605,900
Kesa Electricals PLC	5,762,100		12,538,829
Mothercare PLC	1,030,761		9,127,090
NEXT PLC	336,900		9,596,743
Persimmon PLC	2,637,300		19,838,632
Prudential PLC	3,205,900		24,008,705
Reckitt Benckiser Group PLC	536,639		25,785,145
Redrow PLC (a)(c)	3,412,900		10,919,200
Rio Tinto PLC (Reg.)	1,308,451		54,502,391
Royal Dutch Shell PLC Class A (Netherlands)	1,782,300		46,680,058
Segro PLC	1,646,410		7,591,814
Standard Chartered PLC (United Kingdom)	1,723,786		40,923,795
Taylor Wimpey PLC	6,277,500		4,090,249
The Game Group PLC	2,554,100		6,272,688
Tomkins PLC	3,840,100		11,355,709
Vodafone Group PLC	27,547,900		56,646,863
Wolseley PLC (a)	953,668		21,334,195
Xstrata PLC	2,151,700		29,053,539
TOTAL UNITED KINGDOM			867,709,759
United States of America - 3.9%
Allergan, Inc.	108,100		5,775,783
Autoliv, Inc.	154,200		5,521,902
BorgWarner, Inc.	212,500		7,052,875
CME Group, Inc.	42,500		11,850,275
CVS Caremark Corp.	228,200		7,640,136
Goldman Sachs Group, Inc.	50,600		8,262,980
Morgan Stanley	432,300		12,320,550
Pfizer, Inc.	809,700		12,898,521
State Street Corp.	180,300		9,069,090
Virgin Media, Inc.	903,900		9,445,756
Wells Fargo & Co.	559,500		13,685,370
TOTAL UNITED STATES OF AMERICA			103,523,238
TOTAL COMMON STOCKS (Cost $2,225,662,195)		2,600,949,076
Nonconvertible Preferred Stocks - 0.1%
	Shares		Value
Italy - 0.1%
Telecom Italia SpA (Risparmio Shares) (Cost $1,613,145)	1,454,050		$ 1,638,220
Money Market Funds - 1.4%

Fidelity Cash Central Fund, 0.37% (d)	35,512,078		35,512,078
Fidelity Securities Lending Cash Central Fund, 0.22% (b)(d)	1,910,974		1,910,974
TOTAL MONEY MARKET FUNDS (Cost $37,423,052)		37,423,052

TOTAL INVESTMENT PORTFOLIO - 99.5%

(Cost $2,264,698,392)

2,640,010,348

NET OTHER ASSETS - 0.5%

14,179,981

NET ASSETS - 100%

$ 2,654,190,329

Legend

(a) Non-income producing

(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	$ 437,922
Fidelity Securities Lending Cash Central Fund	2,991,964
Total	$ 3,429,886

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
United Kingdom	$ 867,709,759	$ 493,448,552	$ 374,261,207	$ -
France	379,418,733	277,086,522	102,332,211	-
Switzerland	279,121,202	222,108,081	57,013,121	-
Germany	247,755,061	148,919,936	98,835,125	-
Spain	181,805,266	41,247,348	140,557,918	-
United States of America	103,523,238	103,523,238	-	-
Italy	86,758,026	62,291,641	24,466,385	-
Denmark	64,237,724	64,237,724	-	-
Netherlands	63,579,974	41,105,324	22,474,650	-
Other	328,678,313	298,585,856	30,092,457	-
Money Market Funds	37,423,052	37,423,052	-	-
Total Investments in Securities:	$ 2,640,010,348	$ 1,789,977,274	$ 850,033,074	$ -

Income Tax Information

At July 31, 2009, the aggregate cost of investment securities for income tax purposes was $2,306,488,352. Net unrealized appreciation aggregated $333,521,996, of which $524,524,099 related to appreciated investment securities and $191,002,103 related to depreciated investment securities.

Investment Valuation

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Europe Capital Appreciation Fund

July 31, 2009

1.804821.105

ECA-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.8%
	Shares		Value
Australia - 0.1%
Billabong International Ltd.	41,437		$ 318,815
Belgium - 2.2%
Anheuser-Busch InBev SA NV	147,748		5,878,280
Anheuser-Busch InBev SA NV (strip VVPR) (a)	103,680		443
Fortis (a)	382,700		1,489,060
Gimv NV	18,000		901,756
Umicore SA	102,700		2,681,557
TOTAL BELGIUM			10,951,096
Bermuda - 0.8%
Seadrill Ltd.	75,600		1,213,161
Signet Jewelers Ltd. (United Kingdom)	137,396		3,062,164
TOTAL BERMUDA			4,275,325
Brazil - 0.5%
Petroleo Brasileiro SA - Petrobras (PN) sponsored ADR (non-vtg.)	80,500		2,712,850
Canada - 0.6%
Petrobank Energy & Resources Ltd. (a)	50,100		1,524,368
Suncor Energy, Inc.	47,400		1,532,850
TOTAL CANADA			3,057,218
Cayman Islands - 0.5%
China Dongxiang Group Co. Ltd.	3,564,000		2,708,692
Denmark - 2.3%
Carlsberg AS Series B	16,800		1,165,573
Danske Bank AS (a)	172,586		3,592,170
Genmab AS (a)	49,000		1,960,038
Novo Nordisk AS Series B	86,500		5,090,767
TOTAL DENMARK			11,808,548
Finland - 1.2%
Nokia Corp.	187,820		2,525,430
Nokia Corp. sponsored ADR	117,150		1,562,781
Nokian Tyres PLC	82,938		1,751,833
TOTAL FINLAND			5,840,044
France - 14.1%
Accor SA	3,478		148,463
AXA SA	190,600		4,023,114
BNP Paribas SA	117,157		8,540,925
Bouygues SA	71,000		3,024,145
Danone	100,324		5,382,737
Essilor International SA	51,600		2,860,819
GDF Suez	80,725		3,084,004
L'Oreal SA	39,900		3,458,111
PPR SA	45,500		5,070,534
Renault SA (a)	65,700		2,801,677
Sanofi-Aventis	109,700		7,177,125
Schneider Electric SA	48,500		4,406,004
Societe Generale Series A	41,007		2,632,957

	Shares		Value
Technip SA	24,600		$ 1,487,294
Television Francaise 1 SA	67,100		1,039,545
Total SA sponsored ADR (c)	202,300		11,257,995
Unibail-Rodamco	15,700		2,743,350
Vallourec SA	11,023		1,450,082
TOTAL FRANCE			70,588,881
Germany - 9.4%
Bayerische Motoren Werke AG (BMW)	103,400		4,779,237
Deutsche Bank AG	30,111		1,954,177
Deutsche Boerse AG	51,500		4,081,061
Deutsche Post AG	100,600		1,592,237
Deutsche Telekom AG (Reg.)	391,979		5,013,386
E.ON AG	223,200		8,449,156
Fresenius Medical Care AG & Co. KGaA	31,800		1,460,305
MAN AG	24,400		1,686,641
Munich Re Group (Reg.)	31,600		4,778,071
Salzgitter AG	10,400		1,054,628
SAP AG	88,800		4,195,765
SAP AG sponsored ADR	5,300		250,425
Siemens AG (Reg.)	98,200		7,804,816
TOTAL GERMANY			47,099,905
Hong Kong - 0.7%
China Unicom (Hong Kong) Ltd. sponsored ADR	149,600		2,151,248
Esprit Holdings Ltd.	206,100		1,489,268
TOTAL HONG KONG			3,640,516
Ireland - 1.0%
Allied Irish Banks PLC	7,700		19,170
CRH PLC	170,635		4,073,559
Ryanair Holdings PLC sponsored ADR (a)	39,700		1,123,907
TOTAL IRELAND			5,216,636
Italy - 3.2%
ENI SpA sponsored ADR	100,200		4,667,316
Fiat SpA (a)	335,800		3,723,500
Intesa Sanpaolo SpA	1,585,300		5,902,810
UniCredit SpA	589,303		1,726,003
TOTAL ITALY			16,019,629
Luxembourg - 0.6%
ArcelorMittal SA (Netherlands)	84,400		3,037,350
Netherlands - 2.4%
Akzo Nobel NV	57,000		3,127,305
ASML Holding NV (Netherlands)	84,400		2,203,872
Koninklijke Ahold NV	69,653		792,099
Koninklijke KPN NV	264,857		3,980,605
Koninklijke Philips Electronics NV	90,800		2,066,977
TOTAL NETHERLANDS			12,170,858
Netherlands Antilles - 0.4%
Schlumberger Ltd.	34,000		1,819,000
Common Stocks - continued
	Shares		Value
Norway - 1.1%
DnB Nor ASA (a)	379,600		$ 3,302,027
Pronova BioPharma ASA (a)	182,824		569,466
Telenor ASA (a)	173,800		1,602,533
TOTAL NORWAY			5,474,026
Papua New Guinea - 0.3%
Lihir Gold Ltd. (a)	668,034		1,547,535
South Africa - 0.6%
MTN Group Ltd.	178,000		2,936,082
Spain - 7.0%
Banco Bilbao Vizcaya Argentaria SA	315,631		5,167,301
Banco Santander SA	620,058		8,978,775
Iberdrola SA	616,100		5,286,141
Inditex SA	50,600		2,721,720
Telefonica SA sponsored ADR (c)	170,900		12,755,976
TOTAL SPAIN			34,909,913
Sweden - 1.7%
H&M Hennes & Mauritz AB (B Shares)	89,843		5,340,425
Lundin Petroleum AB (a)	209,600		1,855,780
Telefonaktiebolaget LM Ericsson (B Shares)	138,000		1,358,413
TOTAL SWEDEN			8,554,618
Switzerland - 10.5%
Actelion Ltd. (Reg.) (a)	46,914		2,587,920
Credit Suisse Group (Reg.)	145,876		6,893,494
Nestle SA (Reg.)	372,534		15,331,535
Nobel Biocare Holding AG (Switzerland)	72,201		1,714,744
Novartis AG (Reg.)	89,053		4,068,786
Roche Holding AG (participation certificate)	64,624		10,189,626
Schindler Holding AG (participation certificate)	32,198		2,078,943
Sonova Holding AG	26,283		2,318,039
UBS AG (For. Reg.) (a)	192,812		2,822,682
Zurich Financial Services AG (Reg.)	23,833		4,683,414
TOTAL SWITZERLAND			52,689,183
United Kingdom - 32.7%
Aberdeen Asset Management PLC	929,700		1,933,796
Aegis Group PLC	534,657		736,932
Anglo American PLC (United Kingdom)	173,000		5,578,300
AstraZeneca PLC (United Kingdom)	149,800		6,978,453
Barclays PLC	1,344,100		6,833,031
Barratt Developments PLC (a)	179,500		595,283
Bellway PLC	207,800		2,551,710
BG Group PLC	499,100		8,330,125
Bovis Homes Group PLC	302,300		2,333,343
BP PLC	657,000		5,449,110
BP PLC sponsored ADR	98,100		4,908,924
British Land Co. PLC	357,800		2,600,328

	Shares		Value
British Sky Broadcasting Group PLC (BSkyB)	227,800		$ 2,077,997
Burberry Group PLC	383,000		2,943,439
Cairn Energy PLC (a)	54,800		2,193,642
Capita Group PLC	149,800		1,670,558
Carphone Warehouse Group PLC	644,800		1,933,695
Debenhams PLC	685,351		1,016,202
easyJet PLC (a)	164,400		830,169
Experian PLC	476,100		3,929,376
HSBC Holdings PLC sponsored ADR (c)	320,709		16,259,942
Icap PLC	189,600		1,438,112
Imperial Tobacco Group PLC	133,100		3,804,754
InterContinental Hotel Group PLC	182,000		2,064,618
ITV PLC	2,260,700		1,520,223
Kesa Electricals PLC	1,064,500		2,316,444
Mothercare PLC	188,600		1,669,998
NEXT PLC	64,600		1,840,159
Persimmon PLC	495,000		3,723,552
Prudential PLC	596,000		4,463,392
Reckitt Benckiser Group PLC	102,998		4,948,985
Redrow PLC (a)	599,500		1,918,035
Rio Tinto PLC (Reg.)	245,245		10,215,468
Royal Dutch Shell PLC Class A (United Kingdom)	362,900		9,530,989
Segro PLC	308,130		1,420,828
Standard Chartered PLC (United Kingdom)	326,134		7,742,632
Taylor Wimpey PLC	1,169,488		762,007
The Game Group PLC	489,800		1,202,914
Tomkins PLC	710,800		2,101,934
Vodafone Group PLC	2,897,200		5,957,525
Vodafone Group PLC sponsored ADR	235,450		4,845,561
Wolseley PLC (a)	168,188		3,762,479
Xstrata PLC	389,400		5,257,911
TOTAL UNITED KINGDOM			164,192,875
United States of America - 3.9%
Allergan, Inc.	18,700		999,141
Autoliv, Inc.	29,300		1,049,233
BorgWarner, Inc.	38,400		1,274,496
CME Group, Inc.	8,100		2,258,523
CVS Caremark Corp.	44,000		1,473,120
Goldman Sachs Group, Inc.	9,900		1,616,670
Morgan Stanley	81,600		2,325,600
Pfizer, Inc.	154,100		2,454,813
State Street Corp.	32,200		1,619,660
Virgin Media, Inc.	172,300		1,800,535
Wells Fargo & Co.	100,900		2,468,014
TOTAL UNITED STATES OF AMERICA			19,339,805
TOTAL COMMON STOCKS (Cost $467,868,331)		490,909,400
Nonconvertible Preferred Stocks - 0.0%
	Shares		Value
Italy - 0.0%
Telecom Italia SpA (Risparmio Shares) (Cost $305,975)	275,800		$ 310,733
Money Market Funds - 4.8%

Fidelity Cash Central Fund, 0.37% (d)	8,119,331		8,119,331
Fidelity Securities Lending Cash Central Fund, 0.22% (b)(d)	15,850,850		15,850,850
TOTAL MONEY MARKET FUNDS (Cost $23,970,181)		23,970,181

TOTAL INVESTMENT PORTFOLIO - 102.6%

(Cost $492,144,487)

515,190,314

NET OTHER ASSETS - (2.6)%			(13,131,991)
NET ASSETS - 100%		$ 502,058,323

Legend

(a) Non-income producing

(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	$ 76,166
Fidelity Securities Lending Cash Central Fund	589,803
Total	$ 665,969

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
United Kingdom	$ 164,192,875	$ 128,759,288	$ 35,433,587	$ -
France	70,588,881	59,388,642	11,200,239	-
Switzerland	52,689,183	38,904,221	13,784,962	-
Germany	47,099,905	28,131,761	18,968,144	-
Spain	34,909,913	20,763,837	14,146,076	-
United States of America	19,339,805	19,339,805	-	-
Italy	16,330,362	16,330,362	-	-
Netherlands	12,170,858	7,900,009	4,270,849	-
Denmark	11,808,548	11,808,548	-	-
Other	62,089,803	58,186,790	3,903,013	-
Money Market Funds	23,970,181	23,970,181	-	-
Total Investments in Securities:	$ 515,190,314	$ 413,483,444	$ 101,706,870	$ -

Income Tax Information

At July 31, 2009, the aggregate cost of investment securities for income tax purposes was $500,096,628. Net unrealized appreciation aggregated $15,093,686, of which $71,591,428 related to appreciated investment securities and $56,497,742 related to depreciated investment securities.

Investment Valuation

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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Global Commodity Stock

July 31, 2009

1.879385.100

GCS-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 94.9%
	Shares		Value
CHEMICALS - 18.8%
Diversified Chemicals - 0.1%
Dow Chemical Co.	500		$ 10,585
FMC Corp.	2,800		136,192
			146,777
Fertilizers & Agricultural Chemicals - 18.5%
Agrium, Inc.	18,500		850,174
CF Industries Holdings, Inc.	3,472		274,080
Fertilizantes Fosfatados SA (PN)	44,600		418,274
Incitec Pivot Ltd.	169,881		392,117
Intrepid Potash, Inc. (a)	13,400		338,484
Israel Chemicals Ltd.	55,000		623,353
K&S AG	12,568		705,396
Monsanto Co.	65,500		5,501,993
Nufarm Ltd.	18,183		164,838
Potash Corp. of Saskatchewan, Inc.	26,500		2,468,594
Sinofert Holdings Ltd.	296,000		161,944
Sociedad Quimica y Minera de Chile SA (PN-B) sponsored ADR	8,500		304,215
Syngenta AG (Switzerland)	12,733		2,930,218
Taiwan Fertilizer Co. Ltd.	29,000		91,923
Terra Industries, Inc.	35,600		1,038,096
The Mosaic Co.	42,800		2,232,020
Uralkali JSC GDR (Reg. S)	14,800		272,320
Yara International ASA	20,000		619,705
			19,387,744
Specialty Chemicals - 0.2%
Johnson Matthey PLC	9,500		224,743
TOTAL CHEMICALS			19,759,264
CONSTRUCTION MATERIALS - 0.3%
Construction Materials - 0.3%
Vulcan Materials Co.	7,800		370,344
CONTAINERS & PACKAGING - 0.6%
Paper Packaging - 0.6%
Packaging Corp. of America	5,600		110,152
Rock-Tenn Co. Class A	1,500		67,440
Temple-Inland, Inc.	26,700		418,122
			595,714
Common Stocks - continued
	Shares		Value
ELECTRICAL EQUIPMENT - 0.6%
Electrical Components & Equipment - 0.6%
First Solar, Inc. (a)	560		$ 86,458
Renewable Energy Corp. AS (a)	31,013		246,154
Sunpower Corp. Class B (a)	11,300		308,490
			641,102
ENERGY EQUIPMENT & SERVICES - 3.7%
Oil & Gas Drilling - 2.1%
ENSCO International, Inc.	11,200		424,368
Helmerich & Payne, Inc.	2,900		99,644
Nabors Industries Ltd. (a)	19,400		330,188
Noble Corp.	14,200		480,812
Northern Offshore Ltd. (a)	156,500		168,446
Seadrill Ltd.	14,500		232,683
Transocean Ltd. (a)	5,900		470,171
			2,206,312
Oil & Gas Equipment & Services - 1.6%
Baker Hughes, Inc.	2,200		89,100
BJ Services Co.	22,900		324,722
Halliburton Co.	4,300		94,987
National Oilwell Varco, Inc. (a)	5,100		183,294
Saipem SpA	4,000		108,319
Schlumberger Ltd.	6,200		331,700
Smith International, Inc.	4,600		115,598
Tenaris SA sponsored ADR	3,100		93,992
Weatherford International Ltd. (a)	17,300		324,548
			1,666,260
TOTAL ENERGY EQUIPMENT & SERVICES			3,872,572
FOOD PRODUCTS - 5.3%
Agricultural Products - 4.8%
Archer Daniels Midland Co.	53,800		1,620,456
Bunge Ltd.	18,000		1,259,460
Corn Products International, Inc.	46,300		1,296,400
Golden Agri-Resources Ltd.	353,000		104,242
IOI Corp. Bhd	257,400		358,058
PPB Group Bhd	32,900		137,297
Viterra, Inc. (a)	29,300		246,671
Wilmar International Ltd.	23,000		95,727
			5,118,311
Common Stocks - continued
	Shares		Value
FOOD PRODUCTS - CONTINUED
Packaged Foods & Meats - 0.5%
Cosan Ltd. Class A (a)	35,100		$ 235,872
Smithfield Foods, Inc. (a)	19,500		264,225
			500,097
TOTAL FOOD PRODUCTS			5,618,408
GAS UTILITIES - 0.0%
Gas Utilities - 0.0%
China Resources Gas Group Ltd.	10,000		8,387
INDUSTRIAL CONGLOMERATES - 0.2%
Industrial Conglomerates - 0.2%
Keppel Corp. Ltd.	25,000		145,741
SembCorp Industries Ltd.	37,000		82,525
			228,266
MACHINERY - 1.2%
Construction & Farm Machinery & Heavy Trucks - 1.2%
AGCO Corp. (a)	8,300		261,118
Caterpillar, Inc.	3,800		167,428
Cummins, Inc.	14,300		615,043
Jain Irrigation Systems Ltd.	6,023		88,925
SembCorp Marine Ltd.	42,000		91,051
			1,223,565
METALS & MINING - 29.9%
Aluminum - 0.6%
Alcoa, Inc.	31,700		372,792
Aluminum Corp. of China Ltd. (H Shares)	78,000		90,784
Norsk Hydro ASA (a)	21,420		125,754
			589,330
Diversified Metals & Mining - 13.4%
African Rainbow Minerals Ltd.	8,900		150,784
Anglo American PLC (United Kingdom)	47,731		1,539,063
Antofagasta PLC	8,600		108,766
BHP Billiton PLC	137,688		3,595,452
Eramet SA	322		90,524
Eurasian Natural Resources Corp. PLC	8,000		115,412
Exxaro Resources Ltd.	16,800		177,526
First Quantum Minerals Ltd.	4,200		279,714
Freeport-McMoRan Copper & Gold, Inc.	14,800		892,440
Common Stocks - continued
	Shares		Value
METALS & MINING - CONTINUED
Diversified Metals & Mining - continued
Grupo Mexico SA de CV Series B	75,575		$ 106,945
Ivanhoe Mines Ltd. (a)	14,900		120,323
Kazakhmys PLC (a)	8,200		117,338
OJSC MMC Norilsk Nickel sponsored ADR	19,900		199,597
Rio Tinto PLC (Reg.)	76,949		3,205,244
Sumitomo Metal Mining Co. Ltd.	8,000		120,495
Teck Resources Ltd. Class B (sub. vtg.)	6,600		173,676
Vale SA (PN-A) sponsored ADR	124,700		2,144,840
Vedanta Resources PLC	3,700		109,043
Walter Energy, Inc.	200		9,872
Xstrata PLC	63,209		853,486
			14,110,540
Gold - 6.8%
Agnico-Eagle Mines Ltd.:
(Canada)	4,700		275,670
(United States)	100		5,855
Andean Resources Ltd. (a)	53,697		87,119
AngloGold Ashanti Ltd. sponsored ADR	18,000		705,600
Barrick Gold Corp.	29,800		1,040,587
Eldorado Gold Corp. (a)	19,100		192,002
Franco-Nevada Corp.	4,600		114,856
Gold Fields Ltd. sponsored ADR	23,500		283,410
Goldcorp, Inc.	17,300		657,251
Harmony Gold Mining Co. Ltd. sponsored ADR (a)	16,400		151,864
IAMGOLD Corp.	9,900		104,941
Kinross Gold Corp.	17,300		341,231
Lihir Gold Ltd. (a)	210,490		487,611
Newcrest Mining Ltd.	36,773		922,598
Newmont Mining Corp.	16,400		678,140
Polyus Gold OJSC sponsored ADR	4,100		90,200
Randgold Resources Ltd. sponsored ADR	3,200		198,784
Red Back Mining, Inc. (a)	10,000		92,913
Royal Gold, Inc.	2,700		110,916
Simmer & Jack Mines Ltd. (a)	383,800		111,282
Sino Gold Mining Ltd. (a)	23,863		105,571
Yamana Gold, Inc.	26,000		247,849
Zijin Mining Group Co. Ltd. (H Shares)	110,000		102,621
			7,108,871
Precious Metals & Minerals - 1.2%
Anglo Platinum Ltd.	2,000		142,912
Common Stocks - continued
	Shares		Value
METALS & MINING - CONTINUED
Precious Metals & Minerals - continued
Aquarius Platinum Ltd. (United Kingdom)	28,966		$ 125,823
Compania de Minas Buenaventura SA sponsored ADR	3,400		88,570
Impala Platinum Holdings Ltd.	18,500		448,172
Lonmin PLC	5,122		118,177
Mvelaphanda Resources Ltd. (a)	18,573		93,176
Northam Platinum Ltd.	20,900		99,894
Pan American Silver Corp. (a)	4,300		84,753
Silver Standard Resources, Inc. (a)	4,400		86,548
			1,288,025
Steel - 7.9%
Acerinox SA	4,400		87,294
Allegheny Technologies, Inc.	2,300		62,284
ArcelorMittal SA (NY Shares) Class A	50,100		1,805,604
BlueScope Steel Ltd.	51,145		144,144
China Steel Corp.	284,739		275,106
Cliffs Natural Resources, Inc.	3,400		93,126
Commercial Metals Co.	5,400		89,316
Companhia Siderurgica Nacional SA (CSN)	11,000		281,779
Fortescue Metals Group Ltd. (a)	78,384		276,632
Gerdau SA sponsored ADR	26,300		306,921
Hyundai Steel Co.	1,700		99,828
JFE Holdings, Inc.	14,200		571,842
JSW Steel Ltd.	10,000		145,897
Kobe Steel Ltd.	42,000		81,239
Nippon Steel Corp.	81,000		324,479
Nisshin Steel Co. Ltd.	35,000		66,959
Novolipetsk Iron & Steel Corp.	4,500		116,505
Nucor Corp.	14,700		653,709
OneSteel Ltd.	61,142		152,888
Outokumpu Oyj (A Shares)	4,600		90,147
POSCO	1,416		581,362
Salzgitter AG	2,400		243,376
Sims Metal Management Ltd.	3,998		93,117
SSAB Svenskt Stal AB (B Shares)	7,800		93,215
Steel Dynamics, Inc.	6,200		101,432
Sumitomo Metal Industries Ltd.	211,000		526,329
Tata Steel Ltd.	18,266		176,587
Thyssenkrupp AG	7,700		237,048
Tokyo Steel Manufacturing Co. Ltd.	6,600		73,248
United States Steel Corp.	3,500		139,125
Common Stocks - continued
	Shares		Value
METALS & MINING - CONTINUED
Steel - continued
Usinas Siderurgicas de Minas Gerais SA - Usiminas (PN-A) (non-vtg.)	6,100		$ 144,818
voestalpine AG	7,700		213,672
			8,349,028
TOTAL METALS & MINING			31,445,794
OIL, GAS & CONSUMABLE FUELS - 28.8%
Coal & Consumable Fuels - 1.8%
Arch Coal, Inc.	10,900		189,769
Cameco Corp.	3,300		90,667
China Shenhua Energy Co. Ltd. (H Shares)	24,000		98,015
CONSOL Energy, Inc.	12,000		426,360
Foundation Coal Holdings, Inc.	8,400		301,812
Massey Energy Co.	15,900		422,940
Paladin Energy Ltd. (a)	21,021		80,164
Peabody Energy Corp.	4,900		162,239
PT Bumi Resources Tbk	443,000		124,978
			1,896,944
Integrated Oil & Gas - 20.5%
BG Group PLC	113,139		1,888,323
BP PLC	285,900		2,371,234
Chevron Corp.	38,000		2,639,860
China Petroleum & Chemical Corp. (H Shares)	444,000		395,834
ConocoPhillips	8,500		371,535
ENI SpA	46,418		1,084,600
Exxon Mobil Corp.	39,000		2,745,210
Hess Corp.	4,200		231,840
Husky Energy, Inc.	2,900		85,330
Imperial Oil Ltd.	2,000		80,104
Lukoil Oil Co. sponsored ADR	5,400		272,916
Marathon Oil Corp.	30,300		977,175
Murphy Oil Corp.	1,500		87,300
OAO Gazprom sponsored ADR	25,300		524,975
Occidental Petroleum Corp.	12,600		898,884
OJSC Oil Company Rosneft GDR (Reg. S)	14,500		88,595
OMV AG	2,200		87,325
Origin Energy Ltd.	23,922		290,087
Petro-Canada	19,400		801,138
Common Stocks - continued
	Shares		Value
OIL, GAS & CONSUMABLE FUELS - CONTINUED
Integrated Oil & Gas - continued
Petroleo Brasileiro SA - Petrobras (PN) sponsored ADR (non-vtg.)	32,600		$ 1,098,620
Repsol YPF SA	3,700		85,854
Royal Dutch Shell PLC Class A (United Kingdom)	78,293		2,056,241
Sasol Ltd.	7,200		257,938
StatoilHydro ASA	8,900		190,135
Suncor Energy, Inc.	4,800		155,225
Surgutneftegaz JSC sponsored ADR	11,030		86,475
Total SA Series B	30,820		1,709,239
			21,561,992
Oil & Gas Exploration & Production - 6.4%
Anadarko Petroleum Corp.	9,100		438,620
Apache Corp.	4,400		369,380
Berry Petroleum Co. Class A	7,500		177,900
Cabot Oil & Gas Corp.	6,000		210,780
Cairn Energy PLC (a)	6,400		256,192
Canadian Natural Resources Ltd.	3,900		234,431
Chesapeake Energy Corp.	23,500		503,840
CNOOC Ltd. sponsored ADR	1,000		133,330
Denbury Resources, Inc. (a)	8,500		141,100
Devon Energy Corp.	3,500		203,315
EnCana Corp.	2,900		155,532
EOG Resources, Inc.	2,700		199,881
Inpex Corp.	27		206,617
Newfield Exploration Co. (a)	2,500		98,325
Nexen, Inc.	3,900		80,834
Niko Resources Ltd.	1,200		84,541
Noble Energy, Inc.	2,700		165,024
Oil Search Ltd.	2,003		9,448
OPTI Canada, Inc. (a)	129,900		189,301
Pacific Rubiales Energy Corp. (a)	900		9,624
Petrobank Energy & Resources Ltd. (a)	10,400		316,436
Petrohawk Energy Corp. (a)	17,200		417,616
Plains Exploration & Production Co. (a)	3,300		94,545
Quicksilver Resources, Inc. (a)	8,300		95,118
Range Resources Corp.	11,900		552,279
Santos Ltd.	17,314		210,245
Southwestern Energy Co. (a)	7,600		314,868
Talisman Energy, Inc.	5,600		86,546
Tullow Oil PLC	7,000		115,604
Ultra Petroleum Corp. (a)	4,100		180,892
Common Stocks - continued
	Shares		Value
OIL, GAS & CONSUMABLE FUELS - CONTINUED
Oil & Gas Exploration & Production - continued
Woodside Petroleum Ltd.	5,761		$ 220,179
XTO Energy, Inc.	5,100		205,173
			6,677,516
Oil & Gas Refining & Marketing - 0.1%
Reliance Industries Ltd. (a)	2,584		105,651
TOTAL OIL, GAS & CONSUMABLE FUELS			30,242,103
PAPER & FOREST PRODUCTS - 5.1%
Forest Products - 1.4%
Sino-Forest Corp. (a)	28,900		394,329
Weyerhaeuser Co.	29,400		1,030,176
			1,424,505
Paper Products - 3.7%
Holmen AB (B Shares)	3,600		99,014
International Paper Co.	43,200		812,592
MeadWestvaco Corp.	5,700		111,093
Nine Dragons Paper (Holdings) Ltd.	123,000		126,812
Nippon Paper Group, Inc.	6,400		165,057
Oji Paper Co. Ltd.	97,000		421,383
Sappi Ltd.	57,742		186,024
Stora Enso Oyj (R Shares)	43,700		277,784
Suzano Bahia Sul Papel e Celulose SA (a)	11,000		102,395
Svenska Cellulosa AB (SCA) (B Shares)	20,200		259,597
UPM-Kymmene Corp.	60,600		634,821
Votorantim Celulose e Papel SA sponsored ADR (non-vtg.) (a)	47,900		715,626
			3,912,198
TOTAL PAPER & FOREST PRODUCTS			5,336,703
REAL ESTATE INVESTMENT TRUSTS - 0.3%
Specialized REITs - 0.3%
Plum Creek Timber Co., Inc.	2,700		84,456
Potlatch Corp.	5,700		168,549
Rayonier, Inc.	2,200		85,778
			338,783
ROAD & RAIL - 0.0%
Railroads - 0.0%
Canadian National Railway Co.	200		9,726
Common Stocks - continued
	Shares		Value
ROAD & RAIL - CONTINUED
Railroads - continued
Canadian Pacific Railway Ltd.	200		$ 8,892
CSX Corp.	200		8,024
			26,642
TRADING COMPANIES & DISTRIBUTORS - 0.1%
Trading Companies & Distributors - 0.1%
Kloeckner & Co. AG (a)	4,400		113,256
TOTAL COMMON STOCKS (Cost $92,862,306)		99,820,903
Money Market Funds - 5.5%

Fidelity Cash Central Fund, 0.37% (b) (Cost $5,751,729)	5,751,729		5,751,729
TOTAL INVESTMENT PORTFOLIO - 100.4% (Cost $98,614,035)			105,572,632
NET OTHER ASSETS - (0.4)%			(446,060)
NET ASSETS - 100%		$ 105,126,572

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	$ 8,187

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Metal & Mining	$ 31,445,794	$ 28,240,550	$ 3,205,244	$ -
Oil, Gas & Consumable Fuels	30,242,103	24,595,342	5,646,761	-
Chemicals	19,759,264	16,829,046	2,930,218	-
Food Products	5,618,408	5,618,408	-	-
Paper & Forest Products	5,336,703	5,336,703	-	-
Other	7,418,631	7,418,631	-	-
Money Market Funds	5,751,729	5,751,729	-	-
Total Investments in Securities:	$ 105,572,632	$ 93,790,409	$ 11,782,223	$ -

Income Tax Information

At July 31, 2009, the aggregate cost of investment securities for income tax purposes was $98,670,925. Net unrealized appreciation aggregated $6,901,707, of which $8,938,943 related to appreciated investment securities and $2,037,236 related to depreciated investment securities.

Investment Valuation

Quarterly Report

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Advisor
Global Commodity Stock
Class A
Class T
Class B
Class C
Institutional Class

July 31, 2009

Class A, Class T, Class B, Class C and
Institutional Class
are classes of Fidelity ®
Global Commodity Stock Fund

1.879401.100

AGCS-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 94.9%
	Shares		Value
CHEMICALS - 18.8%
Diversified Chemicals - 0.1%
Dow Chemical Co.	500		$ 10,585
FMC Corp.	2,800		136,192
			146,777
Fertilizers & Agricultural Chemicals - 18.5%
Agrium, Inc.	18,500		850,174
CF Industries Holdings, Inc.	3,472		274,080
Fertilizantes Fosfatados SA (PN)	44,600		418,274
Incitec Pivot Ltd.	169,881		392,117
Intrepid Potash, Inc. (a)	13,400		338,484
Israel Chemicals Ltd.	55,000		623,353
K&S AG	12,568		705,396
Monsanto Co.	65,500		5,501,993
Nufarm Ltd.	18,183		164,838
Potash Corp. of Saskatchewan, Inc.	26,500		2,468,594
Sinofert Holdings Ltd.	296,000		161,944
Sociedad Quimica y Minera de Chile SA (PN-B) sponsored ADR	8,500		304,215
Syngenta AG (Switzerland)	12,733		2,930,218
Taiwan Fertilizer Co. Ltd.	29,000		91,923
Terra Industries, Inc.	35,600		1,038,096
The Mosaic Co.	42,800		2,232,020
Uralkali JSC GDR (Reg. S)	14,800		272,320
Yara International ASA	20,000		619,705
			19,387,744
Specialty Chemicals - 0.2%
Johnson Matthey PLC	9,500		224,743
TOTAL CHEMICALS			19,759,264
CONSTRUCTION MATERIALS - 0.3%
Construction Materials - 0.3%
Vulcan Materials Co.	7,800		370,344
CONTAINERS & PACKAGING - 0.6%
Paper Packaging - 0.6%
Packaging Corp. of America	5,600		110,152
Rock-Tenn Co. Class A	1,500		67,440
Temple-Inland, Inc.	26,700		418,122
			595,714
Common Stocks - continued
	Shares		Value
ELECTRICAL EQUIPMENT - 0.6%
Electrical Components & Equipment - 0.6%
First Solar, Inc. (a)	560		$ 86,458
Renewable Energy Corp. AS (a)	31,013		246,154
Sunpower Corp. Class B (a)	11,300		308,490
			641,102
ENERGY EQUIPMENT & SERVICES - 3.7%
Oil & Gas Drilling - 2.1%
ENSCO International, Inc.	11,200		424,368
Helmerich & Payne, Inc.	2,900		99,644
Nabors Industries Ltd. (a)	19,400		330,188
Noble Corp.	14,200		480,812
Northern Offshore Ltd. (a)	156,500		168,446
Seadrill Ltd.	14,500		232,683
Transocean Ltd. (a)	5,900		470,171
			2,206,312
Oil & Gas Equipment & Services - 1.6%
Baker Hughes, Inc.	2,200		89,100
BJ Services Co.	22,900		324,722
Halliburton Co.	4,300		94,987
National Oilwell Varco, Inc. (a)	5,100		183,294
Saipem SpA	4,000		108,319
Schlumberger Ltd.	6,200		331,700
Smith International, Inc.	4,600		115,598
Tenaris SA sponsored ADR	3,100		93,992
Weatherford International Ltd. (a)	17,300		324,548
			1,666,260
TOTAL ENERGY EQUIPMENT & SERVICES			3,872,572
FOOD PRODUCTS - 5.3%
Agricultural Products - 4.8%
Archer Daniels Midland Co.	53,800		1,620,456
Bunge Ltd.	18,000		1,259,460
Corn Products International, Inc.	46,300		1,296,400
Golden Agri-Resources Ltd.	353,000		104,242
IOI Corp. Bhd	257,400		358,058
PPB Group Bhd	32,900		137,297
Viterra, Inc. (a)	29,300		246,671
Wilmar International Ltd.	23,000		95,727
			5,118,311
Common Stocks - continued
	Shares		Value
FOOD PRODUCTS - CONTINUED
Packaged Foods & Meats - 0.5%
Cosan Ltd. Class A (a)	35,100		$ 235,872
Smithfield Foods, Inc. (a)	19,500		264,225
			500,097
TOTAL FOOD PRODUCTS			5,618,408
GAS UTILITIES - 0.0%
Gas Utilities - 0.0%
China Resources Gas Group Ltd.	10,000		8,387
INDUSTRIAL CONGLOMERATES - 0.2%
Industrial Conglomerates - 0.2%
Keppel Corp. Ltd.	25,000		145,741
SembCorp Industries Ltd.	37,000		82,525
			228,266
MACHINERY - 1.2%
Construction & Farm Machinery & Heavy Trucks - 1.2%
AGCO Corp. (a)	8,300		261,118
Caterpillar, Inc.	3,800		167,428
Cummins, Inc.	14,300		615,043
Jain Irrigation Systems Ltd.	6,023		88,925
SembCorp Marine Ltd.	42,000		91,051
			1,223,565
METALS & MINING - 29.9%
Aluminum - 0.6%
Alcoa, Inc.	31,700		372,792
Aluminum Corp. of China Ltd. (H Shares)	78,000		90,784
Norsk Hydro ASA (a)	21,420		125,754
			589,330
Diversified Metals & Mining - 13.4%
African Rainbow Minerals Ltd.	8,900		150,784
Anglo American PLC (United Kingdom)	47,731		1,539,063
Antofagasta PLC	8,600		108,766
BHP Billiton PLC	137,688		3,595,452
Eramet SA	322		90,524
Eurasian Natural Resources Corp. PLC	8,000		115,412
Exxaro Resources Ltd.	16,800		177,526
First Quantum Minerals Ltd.	4,200		279,714
Freeport-McMoRan Copper & Gold, Inc.	14,800		892,440
Common Stocks - continued
	Shares		Value
METALS & MINING - CONTINUED
Diversified Metals & Mining - continued
Grupo Mexico SA de CV Series B	75,575		$ 106,945
Ivanhoe Mines Ltd. (a)	14,900		120,323
Kazakhmys PLC (a)	8,200		117,338
OJSC MMC Norilsk Nickel sponsored ADR	19,900		199,597
Rio Tinto PLC (Reg.)	76,949		3,205,244
Sumitomo Metal Mining Co. Ltd.	8,000		120,495
Teck Resources Ltd. Class B (sub. vtg.)	6,600		173,676
Vale SA (PN-A) sponsored ADR	124,700		2,144,840
Vedanta Resources PLC	3,700		109,043
Walter Energy, Inc.	200		9,872
Xstrata PLC	63,209		853,486
			14,110,540
Gold - 6.8%
Agnico-Eagle Mines Ltd.:
(Canada)	4,700		275,670
(United States)	100		5,855
Andean Resources Ltd. (a)	53,697		87,119
AngloGold Ashanti Ltd. sponsored ADR	18,000		705,600
Barrick Gold Corp.	29,800		1,040,587
Eldorado Gold Corp. (a)	19,100		192,002
Franco-Nevada Corp.	4,600		114,856
Gold Fields Ltd. sponsored ADR	23,500		283,410
Goldcorp, Inc.	17,300		657,251
Harmony Gold Mining Co. Ltd. sponsored ADR (a)	16,400		151,864
IAMGOLD Corp.	9,900		104,941
Kinross Gold Corp.	17,300		341,231
Lihir Gold Ltd. (a)	210,490		487,611
Newcrest Mining Ltd.	36,773		922,598
Newmont Mining Corp.	16,400		678,140
Polyus Gold OJSC sponsored ADR	4,100		90,200
Randgold Resources Ltd. sponsored ADR	3,200		198,784
Red Back Mining, Inc. (a)	10,000		92,913
Royal Gold, Inc.	2,700		110,916
Simmer & Jack Mines Ltd. (a)	383,800		111,282
Sino Gold Mining Ltd. (a)	23,863		105,571
Yamana Gold, Inc.	26,000		247,849
Zijin Mining Group Co. Ltd. (H Shares)	110,000		102,621
			7,108,871
Precious Metals & Minerals - 1.2%
Anglo Platinum Ltd.	2,000		142,912
Common Stocks - continued
	Shares		Value
METALS & MINING - CONTINUED
Precious Metals & Minerals - continued
Aquarius Platinum Ltd. (United Kingdom)	28,966		$ 125,823
Compania de Minas Buenaventura SA sponsored ADR	3,400		88,570
Impala Platinum Holdings Ltd.	18,500		448,172
Lonmin PLC	5,122		118,177
Mvelaphanda Resources Ltd. (a)	18,573		93,176
Northam Platinum Ltd.	20,900		99,894
Pan American Silver Corp. (a)	4,300		84,753
Silver Standard Resources, Inc. (a)	4,400		86,548
			1,288,025
Steel - 7.9%
Acerinox SA	4,400		87,294
Allegheny Technologies, Inc.	2,300		62,284
ArcelorMittal SA (NY Shares) Class A	50,100		1,805,604
BlueScope Steel Ltd.	51,145		144,144
China Steel Corp.	284,739		275,106
Cliffs Natural Resources, Inc.	3,400		93,126
Commercial Metals Co.	5,400		89,316
Companhia Siderurgica Nacional SA (CSN)	11,000		281,779
Fortescue Metals Group Ltd. (a)	78,384		276,632
Gerdau SA sponsored ADR	26,300		306,921
Hyundai Steel Co.	1,700		99,828
JFE Holdings, Inc.	14,200		571,842
JSW Steel Ltd.	10,000		145,897
Kobe Steel Ltd.	42,000		81,239
Nippon Steel Corp.	81,000		324,479
Nisshin Steel Co. Ltd.	35,000		66,959
Novolipetsk Iron & Steel Corp.	4,500		116,505
Nucor Corp.	14,700		653,709
OneSteel Ltd.	61,142		152,888
Outokumpu Oyj (A Shares)	4,600		90,147
POSCO	1,416		581,362
Salzgitter AG	2,400		243,376
Sims Metal Management Ltd.	3,998		93,117
SSAB Svenskt Stal AB (B Shares)	7,800		93,215
Steel Dynamics, Inc.	6,200		101,432
Sumitomo Metal Industries Ltd.	211,000		526,329
Tata Steel Ltd.	18,266		176,587
Thyssenkrupp AG	7,700		237,048
Tokyo Steel Manufacturing Co. Ltd.	6,600		73,248
United States Steel Corp.	3,500		139,125
Common Stocks - continued
	Shares		Value
METALS & MINING - CONTINUED
Steel - continued
Usinas Siderurgicas de Minas Gerais SA - Usiminas (PN-A) (non-vtg.)	6,100		$ 144,818
voestalpine AG	7,700		213,672
			8,349,028
TOTAL METALS & MINING			31,445,794
OIL, GAS & CONSUMABLE FUELS - 28.8%
Coal & Consumable Fuels - 1.8%
Arch Coal, Inc.	10,900		189,769
Cameco Corp.	3,300		90,667
China Shenhua Energy Co. Ltd. (H Shares)	24,000		98,015
CONSOL Energy, Inc.	12,000		426,360
Foundation Coal Holdings, Inc.	8,400		301,812
Massey Energy Co.	15,900		422,940
Paladin Energy Ltd. (a)	21,021		80,164
Peabody Energy Corp.	4,900		162,239
PT Bumi Resources Tbk	443,000		124,978
			1,896,944
Integrated Oil & Gas - 20.5%
BG Group PLC	113,139		1,888,323
BP PLC	285,900		2,371,234
Chevron Corp.	38,000		2,639,860
China Petroleum & Chemical Corp. (H Shares)	444,000		395,834
ConocoPhillips	8,500		371,535
ENI SpA	46,418		1,084,600
Exxon Mobil Corp.	39,000		2,745,210
Hess Corp.	4,200		231,840
Husky Energy, Inc.	2,900		85,330
Imperial Oil Ltd.	2,000		80,104
Lukoil Oil Co. sponsored ADR	5,400		272,916
Marathon Oil Corp.	30,300		977,175
Murphy Oil Corp.	1,500		87,300
OAO Gazprom sponsored ADR	25,300		524,975
Occidental Petroleum Corp.	12,600		898,884
OJSC Oil Company Rosneft GDR (Reg. S)	14,500		88,595
OMV AG	2,200		87,325
Origin Energy Ltd.	23,922		290,087
Petro-Canada	19,400		801,138
Common Stocks - continued
	Shares		Value
OIL, GAS & CONSUMABLE FUELS - CONTINUED
Integrated Oil & Gas - continued
Petroleo Brasileiro SA - Petrobras (PN) sponsored ADR (non-vtg.)	32,600		$ 1,098,620
Repsol YPF SA	3,700		85,854
Royal Dutch Shell PLC Class A (United Kingdom)	78,293		2,056,241
Sasol Ltd.	7,200		257,938
StatoilHydro ASA	8,900		190,135
Suncor Energy, Inc.	4,800		155,225
Surgutneftegaz JSC sponsored ADR	11,030		86,475
Total SA Series B	30,820		1,709,239
			21,561,992
Oil & Gas Exploration & Production - 6.4%
Anadarko Petroleum Corp.	9,100		438,620
Apache Corp.	4,400		369,380
Berry Petroleum Co. Class A	7,500		177,900
Cabot Oil & Gas Corp.	6,000		210,780
Cairn Energy PLC (a)	6,400		256,192
Canadian Natural Resources Ltd.	3,900		234,431
Chesapeake Energy Corp.	23,500		503,840
CNOOC Ltd. sponsored ADR	1,000		133,330
Denbury Resources, Inc. (a)	8,500		141,100
Devon Energy Corp.	3,500		203,315
EnCana Corp.	2,900		155,532
EOG Resources, Inc.	2,700		199,881
Inpex Corp.	27		206,617
Newfield Exploration Co. (a)	2,500		98,325
Nexen, Inc.	3,900		80,834
Niko Resources Ltd.	1,200		84,541
Noble Energy, Inc.	2,700		165,024
Oil Search Ltd.	2,003		9,448
OPTI Canada, Inc. (a)	129,900		189,301
Pacific Rubiales Energy Corp. (a)	900		9,624
Petrobank Energy & Resources Ltd. (a)	10,400		316,436
Petrohawk Energy Corp. (a)	17,200		417,616
Plains Exploration & Production Co. (a)	3,300		94,545
Quicksilver Resources, Inc. (a)	8,300		95,118
Range Resources Corp.	11,900		552,279
Santos Ltd.	17,314		210,245
Southwestern Energy Co. (a)	7,600		314,868
Talisman Energy, Inc.	5,600		86,546
Tullow Oil PLC	7,000		115,604
Ultra Petroleum Corp. (a)	4,100		180,892
Common Stocks - continued
	Shares		Value
OIL, GAS & CONSUMABLE FUELS - CONTINUED
Oil & Gas Exploration & Production - continued
Woodside Petroleum Ltd.	5,761		$ 220,179
XTO Energy, Inc.	5,100		205,173
			6,677,516
Oil & Gas Refining & Marketing - 0.1%
Reliance Industries Ltd. (a)	2,584		105,651
TOTAL OIL, GAS & CONSUMABLE FUELS			30,242,103
PAPER & FOREST PRODUCTS - 5.1%
Forest Products - 1.4%
Sino-Forest Corp. (a)	28,900		394,329
Weyerhaeuser Co.	29,400		1,030,176
			1,424,505
Paper Products - 3.7%
Holmen AB (B Shares)	3,600		99,014
International Paper Co.	43,200		812,592
MeadWestvaco Corp.	5,700		111,093
Nine Dragons Paper (Holdings) Ltd.	123,000		126,812
Nippon Paper Group, Inc.	6,400		165,057
Oji Paper Co. Ltd.	97,000		421,383
Sappi Ltd.	57,742		186,024
Stora Enso Oyj (R Shares)	43,700		277,784
Suzano Bahia Sul Papel e Celulose SA (a)	11,000		102,395
Svenska Cellulosa AB (SCA) (B Shares)	20,200		259,597
UPM-Kymmene Corp.	60,600		634,821
Votorantim Celulose e Papel SA sponsored ADR (non-vtg.) (a)	47,900		715,626
			3,912,198
TOTAL PAPER & FOREST PRODUCTS			5,336,703
REAL ESTATE INVESTMENT TRUSTS - 0.3%
Specialized REITs - 0.3%
Plum Creek Timber Co., Inc.	2,700		84,456
Potlatch Corp.	5,700		168,549
Rayonier, Inc.	2,200		85,778
			338,783
ROAD & RAIL - 0.0%
Railroads - 0.0%
Canadian National Railway Co.	200		9,726
Common Stocks - continued
	Shares		Value
ROAD & RAIL - CONTINUED
Railroads - continued
Canadian Pacific Railway Ltd.	200		$ 8,892
CSX Corp.	200		8,024
			26,642
TRADING COMPANIES & DISTRIBUTORS - 0.1%
Trading Companies & Distributors - 0.1%
Kloeckner & Co. AG (a)	4,400		113,256
TOTAL COMMON STOCKS (Cost $92,862,306)		99,820,903
Money Market Funds - 5.5%

Fidelity Cash Central Fund, 0.37% (b) (Cost $5,751,729)	5,751,729		5,751,729
TOTAL INVESTMENT PORTFOLIO - 100.4% (Cost $98,614,035)			105,572,632
NET OTHER ASSETS - (0.4)%			(446,060)
NET ASSETS - 100%		$ 105,126,572

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	$ 8,187

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Metal & Mining	$ 31,445,794	$ 28,240,550	$ 3,205,244	$ -
Oil, Gas & Consumable Fuels	30,242,103	24,595,342	5,646,761	-
Chemicals	19,759,264	16,829,046	2,930,218	-
Food Products	5,618,408	5,618,408	-	-
Paper & Forest Products	5,336,703	5,336,703	-	-
Other	7,418,631	7,418,631	-	-
Money Market Funds	5,751,729	5,751,729	-	-
Total Investments in Securities:	$ 105,572,632	$ 93,790,409	$ 11,782,223	$ -

Income Tax Information

Investment Valuation

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 Capital Appreciation Fund
(formerly Fidelity Aggressive International Fund)

July 31, 2009

1.804818.105

IVF-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.1%
	Shares		Value
Australia - 2.7%
MacArthur Coal Ltd.	296,038		$ 1,941,000
Mirabela Nickel Ltd. (a)(e)	217,700		537,506
OZ Minerals Ltd.	2,102,755		1,969,558
Westfield Group unit	223,862		2,121,155
Woolworths Ltd.	106,923		2,436,687
TOTAL AUSTRALIA			9,005,906
Belgium - 2.0%
Anheuser-Busch InBev SA NV	89,606		3,565,051
Fortis (a)	831,000		3,233,365
TOTAL BELGIUM			6,798,416
Bermuda - 1.5%
Aquarius Platinum Ltd. (United Kingdom)	422,700		1,836,133
Northern Offshore Ltd. (a)	1,290,000		1,388,465
Vostok Nafta Investment Ltd. SDR (a)	466,100		1,704,972
TOTAL BERMUDA			4,929,570
Brazil - 1.9%
Companhia Energetica de Minas Gerais (CEMIG) (PN) sponsored ADR (non-vtg.)	133,900		1,912,092
TIM Participacoes SA	1,113,600		2,470,688
Votorantim Celulose e Papel SA sponsored ADR (non-vtg.) (a)(c)	141,954		2,120,793
TOTAL BRAZIL			6,503,573
Canada - 7.1%
Canadian National Railway Co.	48,500		2,358,486
Canadian Natural Resources Ltd.	47,900		2,879,291
Consolidated Thompson Iron Mines Ltd. (a)	611,400		2,479,991
Grande Cache Coal Corp. (a)(c)	626,600		1,663,411
Niko Resources Ltd.	22,300		1,571,049
OPTI Canada, Inc. (a)(c)	1,927,800		2,809,343
OPTI Canada, Inc. (a)(d)	428,400		624,299
Quadra Mining Ltd. (a)	193,300		1,894,693
Research In Motion Ltd. (a)	36,100		2,743,600
Suncor Energy, Inc.	86,100		2,784,354
Teck Resources Ltd. Class B (sub. vtg.)	80,700		2,123,586
TOTAL CANADA			23,932,103
Cayman Islands - 2.5%
China High Speed Transmission Equipment Group Co. Ltd.	745,000		1,866,862
Himax Technologies, Inc. sponsored ADR	567,300		2,167,086
Trina Solar Ltd. ADR (a)	73,100		2,065,806
Xinyu Hengdeli Holdings Ltd.	1,800,000		666,594
Yingli Green Energy Holding Co. Ltd. ADR (a)(c)	112,500		1,492,875
TOTAL CAYMAN ISLANDS			8,259,223

	Shares		Value
Denmark - 1.5%
Danske Bank AS (a)	135,258		$ 2,815,232
Novo Nordisk AS Series B	40,404		2,377,889
TOTAL DENMARK			5,193,121
France - 11.4%
Atos Origin SA	42,585		1,941,306
AXA SA sponsored ADR	118,900		2,513,546
BNP Paribas SA	49,703		3,623,425
Bouygues SA	44,755		1,906,276
Carrefour SA	56,682		2,660,688
Credit Agricole SA	190,600		2,720,601
Danone	46,098		2,473,321
Electricite de France	44,400		2,200,600
Iliad Group SA	15,700		1,675,994
Nexity	48,900		1,685,218
Pernod Ricard SA	28,200		2,191,271
Renault SA (a)	47,300		2,017,037
Saft Groupe SA	42,191		1,645,833
Sanofi-Aventis sponsored ADR	129,800		4,236,672
Societe Generale Series A	50,497		3,242,287
Vallourec SA	13,700		1,802,243
TOTAL FRANCE			38,536,318
Germany - 3.7%
Aixtron AG	216,000		3,540,321
Commerzbank AG (a)	124,882		978,934
Deutsche Bank AG (NY Shares)	41,300		2,680,370
Deutsche Postbank AG (a)	60,400		1,668,329
E.ON AG	99,333		3,760,215
TOTAL GERMANY			12,628,169
Greece - 0.5%
Hellenic Telecommunications Organization SA	115,810		1,815,640
Hong Kong - 0.7%
China Unicom (Hong Kong) Ltd. sponsored ADR	158,300		2,276,354
India - 3.7%
Dishman Pharmaceuticals and Chemicals Ltd.	388,931		1,521,568
Educomp Solutions Ltd.	12,253		1,051,375
Financial Technologies India Ltd.	53,187		1,570,421
Housing Development and Infrastructure Ltd.	288,264		1,669,309
ICSA (India) Ltd.	423,468		1,620,822
Indiabulls Real Estate Ltd.	317,324		1,634,227
MIC Electronics Ltd.	1,710,383		1,541,401
Sintex Industries Ltd.	377,154		1,717,598
TOTAL INDIA			12,326,721
Ireland - 0.5%
Covidien PLC	44,500		1,682,545
Common Stocks - continued
	Shares		Value
Israel - 1.7%
Bezeq Israeli Telecommunication Corp. Ltd.	864,100		$ 1,712,713
Teva Pharmaceutical Industries Ltd. sponsored ADR	72,800		3,883,152
TOTAL ISRAEL			5,595,865
Italy - 1.3%
Banco Popolare Scarl (a)	124,900		1,009,338
Intesa Sanpaolo SpA	914,602		3,405,489
TOTAL ITALY			4,414,827
Japan - 14.3%
eAccess Ltd.	1,979		1,537,433
East Japan Railway Co.	36,100		2,071,906
FamilyMart Co. Ltd.	55,500		1,806,786
Itochu Corp.	280,000		2,095,339
Japan Tobacco, Inc.	741		2,146,010
JTEKT Corp.	157,300		1,780,661
KDDI Corp.	367		1,947,299
Mitsubishi Corp.	122,400		2,445,154
Mitsubishi UFJ Financial Group, Inc. sponsored ADR	597,142		3,702,280
Mitsubishi UFJ Lease & Finance Co. Ltd.	55,780		1,709,777
Mitsui & Co. Ltd.	179,600		2,253,305
Nippon Electric Glass Co. Ltd.	164,000		1,903,308
Nomura Holdings, Inc.	233,700		2,047,898
ORIX Corp.	55,840		3,535,373
Ricoh Co. Ltd.	158,000		2,074,157
ROHM Co. Ltd.	24,000		1,785,858
Sankyo Co. Ltd. (Gunma)	33,200		1,979,156
Shinsei Bank Ltd. (a)	1,518,000		2,246,274
Softbank Corp.	99,900		2,127,666
Sumitomo Mitsui Financial Group, Inc.	73,900		3,163,460
Tokuyama Corp.	214,000		1,619,533
Toshiba Corp.	515,000		2,286,228
TOTAL JAPAN			48,264,861
Korea (South) - 3.3%
DigiTech Systems Co., Ltd. (a)	93,275		1,937,666
Hanjin Heavy Industries & Consolidated Co. Ltd.	67,105		1,712,338
Hyundai Mipo Dockyard Co. Ltd.	16,893		1,878,995
KT&G Corp.	31,105		1,813,843
LG Corp.	35,277		1,909,984
Lumens Co. Ltd. (a)	493,386		1,999,450
TOTAL KOREA (SOUTH)			11,252,276
Luxembourg - 2.1%
Evraz Group SA GDR	80,800		1,777,600
GAGFAH SA	204,700		1,718,400

	Shares		Value
SES SA FDR (France) unit	93,568		$ 1,848,339
Tenaris SA sponsored ADR	60,900		1,846,488
TOTAL LUXEMBOURG			7,190,827
Netherlands - 1.1%
Gemalto NV (a)	44,512		1,662,147
New World Resources BV	297,200		1,935,234
TOTAL NETHERLANDS			3,597,381
Norway - 1.7%
DnB Nor ASA (a)	300,300		2,612,220
Renewable Energy Corp. AS (a)(c)	395,119		3,136,105
TOTAL NORWAY			5,748,325
Russia - 2.5%
Lukoil Oil Co. sponsored ADR	44,400		2,243,976
Mechel Steel Group OAO sponsored ADR (c)	319,500		3,412,260
OAO Gazprom sponsored ADR	137,604		2,855,283
TOTAL RUSSIA			8,511,519
South Africa - 1.9%
Imperial Holdings Ltd.	184,829		1,619,874
MTN Group Ltd.	175,500		2,894,845
Naspers Ltd. Class N	66,000		1,968,943
TOTAL SOUTH AFRICA			6,483,662
Spain - 2.8%
EDP Renovaveis SA (a)	176,720		1,814,473
Grupo Acciona SA	14,594		1,762,808
Telefonica SA	234,529		5,834,842
TOTAL SPAIN			9,412,123
Switzerland - 3.1%
Actelion Ltd. (Reg.) (a)	32,323		1,783,035
Credit Suisse Group sponsored ADR	71,100		3,368,007
Roche Holding AG (participation certificate)	33,671		5,309,094
TOTAL SWITZERLAND			10,460,136
Taiwan - 1.0%
SIMPLO Technology Co. Ltd.	381,000		1,672,173
Wintek Corp.	2,363,000		1,811,321
TOTAL TAIWAN			3,483,494
United Kingdom - 12.2%
AstraZeneca PLC sponsored ADR (c)	85,000		3,947,400
BAE Systems PLC	403,300		2,068,545
Barclays PLC Sponsored ADR	171,800		3,528,772
BG Group PLC	231,214		3,859,029
Bovis Homes Group PLC	214,200		1,653,331
Cairn Energy PLC (a)	41,800		1,673,253
Carphone Warehouse Group PLC	576,221		1,728,033
Debenhams PLC	1,058,686		1,569,763
Imperial Tobacco Group PLC	94,942		2,713,981
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Reckitt Benckiser Group PLC	52,434		$ 2,519,419
Taylor Wimpey PLC	2,567,100		1,672,653
Tesco PLC	482,220		2,960,745
The Game Group PLC	691,400		1,698,029
Vodafone Group PLC	2,237,792		4,601,581
Wolseley PLC (a)	90,300		2,020,072
Xstrata PLC	229,130		3,093,850
TOTAL UNITED KINGDOM			41,308,456
United States of America - 8.4%
Bank of America Corp.	230,200		3,404,658
Capital One Financial Corp.	81,700		2,508,190
D.R. Horton, Inc.	176,300		2,043,317
Globe Specialty Metals, Inc.	112,000		806,400
Goldman Sachs Group, Inc.	9,400		1,535,020
JPMorgan Chase & Co.	62,900		2,431,085
Las Vegas Sands Corp. (a)(c)	212,700		1,988,745
Meritage Homes Corp. (a)	106,604		2,281,326
Morgan Stanley	92,900		2,647,650
Rubicon Technology, Inc. (a)(c)	213,900		2,528,298
Veeco Instruments, Inc. (a)	131,024		2,468,492
Virgin Media, Inc.	154,900		1,618,705
Wells Fargo & Co.	90,600		2,216,076
TOTAL UNITED STATES OF AMERICA			28,477,962
TOTAL COMMON STOCKS (Cost $290,993,817)		328,089,373
Nonconvertible Preferred Stocks - 1.3%

Italy - 1.3%
Fiat SpA (Risparmio Shares)	289,000		1,890,608
Telecom Italia SpA (Risparmio Shares)	2,126,700		2,396,068
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $3,715,060)		4,286,676
Money Market Funds - 6.1%
	Shares		Value
Fidelity Cash Central Fund, 0.37% (f)	3,932,770		$ 3,932,770
Fidelity Securities Lending Cash Central Fund, 0.22% (b)(f)	16,603,229		16,603,229
TOTAL MONEY MARKET FUNDS (Cost $20,535,999)		20,535,999

TOTAL INVESTMENT PORTFOLIO - 104.5%

(Cost $315,244,876)

352,912,048

NET OTHER ASSETS - (4.5)%		(15,243,970)
NET ASSETS - 100%		$ 337,668,078

Legend

(a) Non-income producing

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

(d) 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 $624,299 or 0.2% of net assets.

(e) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(f) 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.

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	$ 27,309
Fidelity Securities Lending Cash Central Fund	524,112
Total	$ 551,421

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Japan	$ 48,264,861	$ 46,216,963	$ 2,047,898	$ -
United Kingdom	41,308,456	36,706,875	4,601,581	-
France	38,536,318	38,536,318	-	-
United States of America	28,477,962	28,477,962	-	-
Canada	23,932,103	23,932,103	-	-
Germany	12,628,169	12,628,169	-	-
India	12,326,721	12,326,721	-	-
Korea (South)	11,252,276	11,252,276	-	-
Switzerland	10,460,136	10,460,136	-	-
Other	105,189,047	99,354,205	5,834,842	-
Money Market Funds	20,535,999	20,535,999	-	-
Total Investments in Securities:	$ 352,912,048	$ 340,427,727	$ 12,484,321	$ -

Income Tax Information

At July 31, 2009, the aggregate cost of investment securities for income tax purposes was $321,441,924. Net unrealized appreciation aggregated $31,470,124, of which $45,230,674 related to appreciated investment securities and $13,760,550 related to depreciated investment securities.

Investment Valuation

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® International Discovery Fund -

International Discovery
Class K

July 31, 2009

1.804822.105

IGI-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.6%
	Shares		Value (000s)
Australia - 3.0%
Billabong International Ltd.	4,444,914		$ 34,199
BlueScope Steel Ltd.	11,646,954		32,825
Commonwealth Bank of Australia	1,665,640		59,619
Macquarie Group Ltd.	959,398		35,319
QBE Insurance Group Ltd.	1,258,503		20,523
Wesfarmers Ltd.	3,100,363		67,025
Westfield Group unit	2,292,214		21,719
TOTAL AUSTRALIA			271,229
Belgium - 1.1%
Anheuser-Busch InBev SA NV	2,464,800		98,064
Bermuda - 0.7%
Aquarius Platinum Ltd. (United Kingdom)	1,418,333		6,161
Huabao International Holdings Ltd.	18,440,000		19,249
Ports Design Ltd.	3,505,500		9,038
Seadrill Ltd.	1,843,300		29,580
TOTAL BERMUDA			64,028
Brazil - 1.4%
BM&F BOVESPA SA	3,185,694		20,555
GVT Holding SA (a)	247,900		4,797
Vivo Participacoes SA sponsored ADR	3,178,500		72,374
Votorantim Celulose e Papel SA sponsored ADR (a)	1,666,300		24,895
TOTAL BRAZIL			122,621
British Virgin Islands - 0.2%
Playtech Ltd. (c)	3,758,978		18,322
Canada - 1.6%
Canadian Natural Resources Ltd.	505,600		30,392
Niko Resources Ltd.	498,400		35,113
Open Text Corp. (a)	441,600		16,736
Petro-Canada	474,800		19,607
Petrobank Energy & Resources Ltd. (a)	813,500		24,752
Suncor Energy, Inc.	553,800		17,909
TOTAL CANADA			144,509
Cayman Islands - 1.1%
Belle International Holdings Ltd.	24,557,000		24,874
China Dongxiang Group Co. Ltd.	54,011,000		41,049
China High Speed Transmission Equipment Group Co. Ltd.	12,191,000		30,549
Xinyu Hengdeli Holdings Ltd.	14,348,000		5,313
TOTAL CAYMAN ISLANDS			101,785
Common Stocks - continued
	Shares		Value (000s)
China - 2.5%
BYD Co. Ltd. (H Shares) (a)	4,827,000		$ 26,751
Changyou.com Ltd. (A Shares) ADR (c)	29,200		1,073
China Merchants Bank Co. Ltd. (H Shares)	10,435,200		24,533
China Telecom Corp. Ltd. (H Shares)	57,896,000		30,109
Industrial & Commercial Bank of China Ltd.	25,330,000		18,238
Li Ning Co. Ltd.	7,046,500		23,322
NetEase.com, Inc. sponsored ADR (a)	344,153		15,163
Tencent Holdings Ltd.	3,102,400		41,873
ZTE Corp. (H Shares)	8,648,464		37,719
TOTAL CHINA			218,781
Cyprus - 0.0%
Aisi Realty Public Ltd. (a)(d)	10,023,000		712
Denmark - 1.0%
Novo Nordisk AS Series B	1,094,500		64,414
Vestas Wind Systems AS (a)	318,396		22,425
William Demant Holding AS (a)	94,500		5,625
TOTAL DENMARK			92,464
Finland - 0.3%
Nokia Corp. sponsored ADR	2,333,400		31,128
France - 8.8%
Accor SA	488,751		20,863
Alstom SA	656,812		45,093
AXA SA	2,972,466		62,742
BNP Paribas SA	1,687,861		123,048
Cap Gemini SA	684,300		31,595
Carrefour SA	892,453		41,892
Danone	636,800		34,167
Iliad Group SA	328,082		35,023
LVMH Moet Hennessy - Louis Vuitton	272,400		24,572
Orpea	470,828		22,373
Pernod Ricard SA (c)	381,300		29,629
PPR SA	347,600		38,737
Sanofi-Aventis	612,600		40,079
Schneider Electric SA	419,838		38,140
Societe Generale Series A	726,552		46,650
Total SA Series B	2,315,900		128,437
Unibail-Rodamco (c)	118,400		20,689
TOTAL FRANCE			783,729
Common Stocks - continued
	Shares		Value (000s)
Germany - 8.0%
Aixtron AG	1,858,000		$ 30,453
BASF AG	1,198,800		60,074
Bayerische Motoren Werke AG (BMW)	882,300		40,781
Beiersdorf AG	592,600		29,840
Daimler AG (Reg.)	999,200		46,412
Deutsche Bank AG	1,159,700		75,264
Deutsche Boerse AG	673,925		53,404
Deutsche Telekom AG (Reg.)	2,350,200		30,059
E.ON AG	3,371,600		127,631
Fresenius Medical Care AG & Co. KGaA	269,600		12,380
GEA Group AG	2,094,883		34,306
MAN AG	726,000		50,184
Munich Re Group (Reg.)	397,600		60,119
Siemens AG (Reg.)	820,700		65,228
TOTAL GERMANY			716,135
Hong Kong - 2.1%
Cheung Kong Holdings Ltd.	3,875,000		50,051
Hang Lung Properties Ltd.	4,149,000		15,204
Hong Kong Exchange & Clearing Ltd.	1,347,200		25,415
Li & Fung Ltd.	5,842,000		17,225
Sinotruk Hong Kong Ltd.	5,299,500		6,154
Sun Hung Kai Properties Ltd.	2,412,000		36,694
Techtronic Industries Co. Ltd.	40,156,000		33,317
TOTAL HONG KONG			184,060
India - 0.9%
HDFC Bank Ltd.	271,873		8,522
Indiabulls Real Estate Ltd.	3,640,000		18,746
Infosys Technologies Ltd.	208,452		8,998
Tata Steel Ltd.	2,910,000		28,133
Unitech Ltd.	6,939,025		13,073
TOTAL INDIA			77,472
Ireland - 0.8%
CRH PLC	1,516,200		36,196
Paddy Power PLC (Ireland)	1,445,597		35,965
TOTAL IRELAND			72,161
Israel - 0.4%
Teva Pharmaceutical Industries Ltd. sponsored ADR	702,100		37,450
Common Stocks - continued
	Shares		Value (000s)
Italy - 1.1%
ENI SpA	2,184,400		$ 51,041
Fiat SpA (a)	4,035,900		44,752
TOTAL ITALY			95,793
Japan - 18.0%
Asics Corp.	3,472,000		32,845
Canon, Inc.	1,929,350		71,524
Daiwa Securities Group, Inc.	5,108,000		30,234
Denso Corp.	1,461,500		43,176
Fanuc Ltd.	334,300		27,455
Honda Motor Co. Ltd.	1,974,500		63,153
Inpex Corp.	2,467		18,879
JSR Corp.	1,569,900		28,308
JTEKT Corp.	3,961,000		44,839
Keyence Corp.	89,500		17,681
Misumi Group, Inc.	504,000		8,262
Mitsubishi Corp.	1,640,800		32,778
Mitsubishi UFJ Financial Group, Inc.	14,946,300		91,294
Mitsui & Co. Ltd.	3,594,700		45,100
Mitsui Sumitomo Insurance Group Holdings, Inc.	550,700		14,144
Murata Manufacturing Co. Ltd.	528,700		25,929
Nichi-iko Pharmaceutical Co. Ltd.	268,400		8,936
Nippon Electric Glass Co. Ltd.	1,996,000		23,165
Nissan Motor Co. Ltd.	6,947,800		50,421
Nitori Co. Ltd.	95,350		6,833
Nomura Holdings, Inc.	9,572,200		83,881
NSK Ltd.	6,657,000		36,096
Omron Corp.	1,268,200		20,563
ORIX Corp. (c)	785,290		49,719
Point, Inc.	47,180		2,543
Promise Co. Ltd. (c)	2,170,550		22,873
Rakuten, Inc.	72,690		46,713
Ricoh Co. Ltd.	4,194,000		55,057
Sawai Pharmaceutical Co. Ltd.	160,300		8,489
Shin-Etsu Chemical Co., Ltd.	752,400		40,559
SMC Corp.	105,900		11,954
Softbank Corp. (c)	2,491,000		53,053
Sony Financial Holdings, Inc.	7,489		23,090
Sumco Corp.	1,225,500		22,992
Sumitomo Mitsui Financial Group, Inc.	2,916,500		124,848
Takashimaya Co. Ltd.	2,636,000		21,732
THK Co. Ltd.	1,760,000		28,909
Common Stocks - continued
	Shares		Value (000s)
Japan - continued
Tokio Marine Holdings, Inc.	1,837,000		$ 53,396
Tokyo Electron Ltd.	1,263,200		66,224
Toyota Motor Corp.	3,041,600		127,686
USS Co. Ltd.	326,080		20,404
TOTAL JAPAN			1,605,737
Korea (South) - 1.1%
Lotte Shopping Co. Ltd.	83,999		21,125
NHN Corp. (a)	212,392		31,007
Samsung Electronics Co. Ltd.	75,679		44,812
TOTAL KOREA (SOUTH)			96,944
Luxembourg - 1.8%
ArcelorMittal SA (NY Shares) Class A	2,536,300		91,408
Millicom International Cellular SA (a)	282,400		20,940
SES SA (A Shares) FDR unit	1,053,068		21,072
Tenaris SA	1,960,300		29,727
TOTAL LUXEMBOURG			163,147
Netherlands - 2.8%
Akzo Nobel NV	686,300		37,654
ASML Holding NV (Netherlands)	1,536,400		40,119
Gemalto NV (a)(c)	957,830		35,767
James Hardie Industries NV unit	8,643,799		37,518
Koninklijke Ahold NV	1,111,192		12,637
Randstad Holdings NV (a)	1,378,500		47,742
Royal DSM NV	991,600		35,445
TOTAL NETHERLANDS			246,882
Netherlands Antilles - 0.2%
Schlumberger Ltd.	300,900		16,098
Norway - 0.5%
DnB NOR ASA (a)	2,649,400		23,046
Pronova BioPharma ASA (a)	4,726,590		14,723
Sevan Marine ASA (a)	6,442,000		8,405
TOTAL NORWAY			46,174
Singapore - 0.7%
Ascendas Real Estate Investment Trust (A-REIT)	7,883,000		9,311
CapitaLand Ltd.	7,827,000		20,775
Singapore Exchange Ltd.	5,754,250		34,865
TOTAL SINGAPORE			64,951
Common Stocks - continued
	Shares		Value (000s)
South Africa - 1.0%
MTN Group Ltd.	5,254,600		$ 86,674
Spain - 2.6%
Banco Santander SA	3,311,500		47,952
Inditex SA	336,374		18,093
Telefonica SA	6,587,600		163,893
TOTAL SPAIN			229,938
Sweden - 0.6%
H&M Hennes & Mauritz AB (B Shares)	891,750		53,007
Intrum Justitia AB	444,258		4,586
TOTAL SWEDEN			57,593
Switzerland - 7.4%
Actelion Ltd. (Reg.) (a)	1,127,883		62,217
BB BIOTECH AG	354,261		24,034
Credit Suisse Group sponsored ADR	1,353,900		64,134
Nestle SA (Reg.)	3,524,290		145,041
Nobel Biocare Holding AG (Switzerland)	1,045,000		24,818
Partners Group Holding	176,756		18,608
Roche Holding AG (participation certificate)	879,208		138,630
Sonova Holding AG	574,683		50,684
Syngenta AG (Switzerland)	181,599		41,791
UBS AG (For. Reg.) (a)	2,579,240		37,759
Zurich Financial Services AG (Reg.)	285,674		56,138
TOTAL SWITZERLAND			663,854
Taiwan - 0.5%
Hon Hai Precision Industry Co. Ltd. (Foxconn)	5,828,200		20,073
Taiwan Semiconductor Manufacturing Co. Ltd.	14,076,998		25,271
TOTAL TAIWAN			45,344
United Kingdom - 22.1%
Aberdeen Asset Management PLC (c)	21,064,600		43,815
Aegis Group PLC	7,593,391		10,466
Anglo American PLC (United Kingdom)	1,394,300		44,959
AstraZeneca PLC (United Kingdom)	1,183,197		55,119
Babcock International Group PLC	2,715,100		21,354
Barclays PLC	8,379,300		42,598
BG Group PLC	3,675,900		61,352
BG Group PLC sponsored ADR	207,400		17,405
BHP Billiton PLC	5,198,900		135,759
BP PLC	18,078,300		149,940
Common Stocks - continued
	Shares		Value (000s)
United Kingdom - continued
Capita Group PLC	3,229,593		$ 36,016
Carphone Warehouse Group PLC	15,229,553		45,672
Cookson Group PLC	3,097,460		16,107
Debenhams PLC	23,160,156		34,341
DSG International PLC	39,670,628		18,226
Experian PLC	2,838,100		23,424
HSBC Holdings PLC:
(Hong Kong) (Reg.)	1,304,189		13,067
(United Kingdom) (Reg.)	22,639,714		229,119
IG Group Holdings PLC	6,284,100		31,602
Imperial Tobacco Group PLC	2,343,400		66,988
Inchcape PLC	28,272,600		12,990
Informa PLC	13,289,260		53,230
InterContinental Hotel Group PLC	2,118,900		24,037
International Personal Finance PLC	9,709,188		21,736
Johnson Matthey PLC	1,048,300		24,800
Kesa Electricals PLC	1,602,432		3,487
Man Group PLC	13,203,500		61,049
Misys PLC	7,892,600		23,900
Mothercare PLC	166,990		1,479
National Grid PLC	2,313,300		21,585
NEXT PLC	976,170		27,807
Prudential PLC	6,511,200		48,762
Reckitt Benckiser Group PLC	1,760,600		84,596
Rio Tinto PLC (Reg.)	2,944,944		122,669
Royal Dutch Shell PLC Class B	3,128,812		81,144
SSL International PLC	4,962,409		46,884
Standard Chartered PLC (United Kingdom)	2,710,473		64,348
Taylor Wimpey PLC	31,449,272		20,491
The Game Group PLC	3,234,200		7,943
Vodafone Group PLC	22,137,829		45,522
Wolseley PLC (a)	1,433,164		32,061
WPP PLC	2,864,700		22,098
Xstrata PLC	1,889,800		25,517
TOTAL UNITED KINGDOM			1,975,464
United States of America - 2.3%
Applied Materials, Inc.	1,598,400		22,058
Cisco Systems, Inc. (a)	793,800		17,472
Cummins, Inc.	583,700		25,105
Goldman Sachs Group, Inc.	200,600		32,758
Morgan Stanley	776,800		22,139
Common Stocks - continued
	Shares		Value (000s)
United States of America - continued
Regal-Beloit Corp.	493,900		$ 22,897
Sohu.com, Inc. (a)	281,100		17,195
Union Pacific Corp.	506,200		29,117
Visa, Inc. Class A	187,600		12,280
TOTAL UNITED STATES OF AMERICA			201,021
TOTAL COMMON STOCKS (Cost $8,248,921)		8,630,264
Nonconvertible Preferred Stocks - 0.5%

Italy - 0.5%
Intesa Sanpaolo SpA (Cost $50,572)	15,194,902		42,880

Government Obligations - 0.2%
	Principal Amount (000s)
United States of America - 0.2%
U.S. Treasury Bills, yield at date of purchase 0.15% to 0.17% 8/6/09 to 8/20/09 (e) (Cost $18,549)	$ 18,550	18,550

Money Market Funds - 4.6%
	Shares
Fidelity Cash Central Fund, 0.37% (f)	280,047,168		280,047
Fidelity Securities Lending Cash Central Fund, 0.22% (b)(f)	133,296,648		133,297
TOTAL MONEY MARKET FUNDS (Cost $413,344)		413,344
TOTAL INVESTMENT PORTFOLIO - 101.9% (Cost $8,731,386)			9,105,038
NET OTHER ASSETS - (1.9)%			(171,569)
NET ASSETS - 100%		$ 8,933,469

Futures Contracts
	Expiration Date	Underlying Face Amount at Value (000s)	Unrealized Appreciation/ (Depreciation) (000s)
Purchased
Equity Index Contracts
1,493 TOPIX 150 Index Contracts (Japan)	Sept. 2009	$ 150,783	$ 5,515

The face value of futures purchased as a percentage of net assets - 1.7%

Legend

(a) Non-income producing

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

(d) Affiliated company

(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 $6,550,000.

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	$ -	$ -	$ -	$ 712
Total	$ 1,469	$ -	$ -	$ -	$ 712

Affiliated Central Funds

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

Fund	Income earned (Amounts in thousands)
Fidelity Cash Central Fund	$ 2,359
Fidelity Securities Lending Cash Central Fund	5,699
Total	$ 8,058

Other Information

The following is a summary of the inputs used, as of July 31, 2009, involving the Fund's assets and liabilities 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:
Equities:
United Kingdom	$ 1,975,464	$ 1,214,186	$ 761,278	$ -
Japan	1,605,737	1,117,778	487,959	-
France	783,729	552,469	231,260	-
Germany	716,135	499,173	216,962	-
Switzerland	663,854	584,305	79,549	-
Australia	271,229	271,229	-	-
Netherlands	246,882	206,763	40,119	-
Spain	229,938	18,093	211,845	-
China	218,781	188,674	30,107	-
Other	1,961,395	1,910,354	51,041	-
Government Obligations	18,550	-	18,550	-
Money Market Funds	413,344	413,344	-	-
Total Investments in Securities:	$ 9,105,038	$ 6,976,368	$ 2,128,670	$ -
Derivative Instruments:
Assets
Futures Contracts	$ 5,515	$ 5,515	$ -	$ -

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

(Amounts 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	$ -
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ -

Income Tax Information

At July 31, 2009, the aggregate cost of investment securities for income tax purposes was $8,860,237,000. Net unrealized appreciation aggregated $244,801,000, of which $1,304,871,000 related to appreciated investment securities and $1,060,070,000 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.

Quarterly Report

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

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

July 31, 2009

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

1.834739.103

AIGI-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.6%
	Shares		Value (000s)
Australia - 3.0%
Billabong International Ltd.	4,444,914		$ 34,199
BlueScope Steel Ltd.	11,646,954		32,825
Commonwealth Bank of Australia	1,665,640		59,619
Macquarie Group Ltd.	959,398		35,319
QBE Insurance Group Ltd.	1,258,503		20,523
Wesfarmers Ltd.	3,100,363		67,025
Westfield Group unit	2,292,214		21,719
TOTAL AUSTRALIA			271,229
Belgium - 1.1%
Anheuser-Busch InBev SA NV	2,464,800		98,064
Bermuda - 0.7%
Aquarius Platinum Ltd. (United Kingdom)	1,418,333		6,161
Huabao International Holdings Ltd.	18,440,000		19,249
Ports Design Ltd.	3,505,500		9,038
Seadrill Ltd.	1,843,300		29,580
TOTAL BERMUDA			64,028
Brazil - 1.4%
BM&F BOVESPA SA	3,185,694		20,555
GVT Holding SA (a)	247,900		4,797
Vivo Participacoes SA sponsored ADR	3,178,500		72,374
Votorantim Celulose e Papel SA sponsored ADR (a)	1,666,300		24,895
TOTAL BRAZIL			122,621
British Virgin Islands - 0.2%
Playtech Ltd. (c)	3,758,978		18,322
Canada - 1.6%
Canadian Natural Resources Ltd.	505,600		30,392
Niko Resources Ltd.	498,400		35,113
Open Text Corp. (a)	441,600		16,736
Petro-Canada	474,800		19,607
Petrobank Energy & Resources Ltd. (a)	813,500		24,752
Suncor Energy, Inc.	553,800		17,909
TOTAL CANADA			144,509
Cayman Islands - 1.1%
Belle International Holdings Ltd.	24,557,000		24,874
China Dongxiang Group Co. Ltd.	54,011,000		41,049
China High Speed Transmission Equipment Group Co. Ltd.	12,191,000		30,549
Xinyu Hengdeli Holdings Ltd.	14,348,000		5,313
TOTAL CAYMAN ISLANDS			101,785
Common Stocks - continued
	Shares		Value (000s)
China - 2.5%
BYD Co. Ltd. (H Shares) (a)	4,827,000		$ 26,751
Changyou.com Ltd. (A Shares) ADR (c)	29,200		1,073
China Merchants Bank Co. Ltd. (H Shares)	10,435,200		24,533
China Telecom Corp. Ltd. (H Shares)	57,896,000		30,109
Industrial & Commercial Bank of China Ltd.	25,330,000		18,238
Li Ning Co. Ltd.	7,046,500		23,322
NetEase.com, Inc. sponsored ADR (a)	344,153		15,163
Tencent Holdings Ltd.	3,102,400		41,873
ZTE Corp. (H Shares)	8,648,464		37,719
TOTAL CHINA			218,781
Cyprus - 0.0%
Aisi Realty Public Ltd. (a)(d)	10,023,000		712
Denmark - 1.0%
Novo Nordisk AS Series B	1,094,500		64,414
Vestas Wind Systems AS (a)	318,396		22,425
William Demant Holding AS (a)	94,500		5,625
TOTAL DENMARK			92,464
Finland - 0.3%
Nokia Corp. sponsored ADR	2,333,400		31,128
France - 8.8%
Accor SA	488,751		20,863
Alstom SA	656,812		45,093
AXA SA	2,972,466		62,742
BNP Paribas SA	1,687,861		123,048
Cap Gemini SA	684,300		31,595
Carrefour SA	892,453		41,892
Danone	636,800		34,167
Iliad Group SA	328,082		35,023
LVMH Moet Hennessy - Louis Vuitton	272,400		24,572
Orpea	470,828		22,373
Pernod Ricard SA (c)	381,300		29,629
PPR SA	347,600		38,737
Sanofi-Aventis	612,600		40,079
Schneider Electric SA	419,838		38,140
Societe Generale Series A	726,552		46,650
Total SA Series B	2,315,900		128,437
Unibail-Rodamco (c)	118,400		20,689
TOTAL FRANCE			783,729
Common Stocks - continued
	Shares		Value (000s)
Germany - 8.0%
Aixtron AG	1,858,000		$ 30,453
BASF AG	1,198,800		60,074
Bayerische Motoren Werke AG (BMW)	882,300		40,781
Beiersdorf AG	592,600		29,840
Daimler AG (Reg.)	999,200		46,412
Deutsche Bank AG	1,159,700		75,264
Deutsche Boerse AG	673,925		53,404
Deutsche Telekom AG (Reg.)	2,350,200		30,059
E.ON AG	3,371,600		127,631
Fresenius Medical Care AG & Co. KGaA	269,600		12,380
GEA Group AG	2,094,883		34,306
MAN AG	726,000		50,184
Munich Re Group (Reg.)	397,600		60,119
Siemens AG (Reg.)	820,700		65,228
TOTAL GERMANY			716,135
Hong Kong - 2.1%
Cheung Kong Holdings Ltd.	3,875,000		50,051
Hang Lung Properties Ltd.	4,149,000		15,204
Hong Kong Exchange & Clearing Ltd.	1,347,200		25,415
Li & Fung Ltd.	5,842,000		17,225
Sinotruk Hong Kong Ltd.	5,299,500		6,154
Sun Hung Kai Properties Ltd.	2,412,000		36,694
Techtronic Industries Co. Ltd.	40,156,000		33,317
TOTAL HONG KONG			184,060
India - 0.9%
HDFC Bank Ltd.	271,873		8,522
Indiabulls Real Estate Ltd.	3,640,000		18,746
Infosys Technologies Ltd.	208,452		8,998
Tata Steel Ltd.	2,910,000		28,133
Unitech Ltd.	6,939,025		13,073
TOTAL INDIA			77,472
Ireland - 0.8%
CRH PLC	1,516,200		36,196
Paddy Power PLC (Ireland)	1,445,597		35,965
TOTAL IRELAND			72,161
Israel - 0.4%
Teva Pharmaceutical Industries Ltd. sponsored ADR	702,100		37,450
Common Stocks - continued
	Shares		Value (000s)
Italy - 1.1%
ENI SpA	2,184,400		$ 51,041
Fiat SpA (a)	4,035,900		44,752
TOTAL ITALY			95,793
Japan - 18.0%
Asics Corp.	3,472,000		32,845
Canon, Inc.	1,929,350		71,524
Daiwa Securities Group, Inc.	5,108,000		30,234
Denso Corp.	1,461,500		43,176
Fanuc Ltd.	334,300		27,455
Honda Motor Co. Ltd.	1,974,500		63,153
Inpex Corp.	2,467		18,879
JSR Corp.	1,569,900		28,308
JTEKT Corp.	3,961,000		44,839
Keyence Corp.	89,500		17,681
Misumi Group, Inc.	504,000		8,262
Mitsubishi Corp.	1,640,800		32,778
Mitsubishi UFJ Financial Group, Inc.	14,946,300		91,294
Mitsui & Co. Ltd.	3,594,700		45,100
Mitsui Sumitomo Insurance Group Holdings, Inc.	550,700		14,144
Murata Manufacturing Co. Ltd.	528,700		25,929
Nichi-iko Pharmaceutical Co. Ltd.	268,400		8,936
Nippon Electric Glass Co. Ltd.	1,996,000		23,165
Nissan Motor Co. Ltd.	6,947,800		50,421
Nitori Co. Ltd.	95,350		6,833
Nomura Holdings, Inc.	9,572,200		83,881
NSK Ltd.	6,657,000		36,096
Omron Corp.	1,268,200		20,563
ORIX Corp. (c)	785,290		49,719
Point, Inc.	47,180		2,543
Promise Co. Ltd. (c)	2,170,550		22,873
Rakuten, Inc.	72,690		46,713
Ricoh Co. Ltd.	4,194,000		55,057
Sawai Pharmaceutical Co. Ltd.	160,300		8,489
Shin-Etsu Chemical Co., Ltd.	752,400		40,559
SMC Corp.	105,900		11,954
Softbank Corp. (c)	2,491,000		53,053
Sony Financial Holdings, Inc.	7,489		23,090
Sumco Corp.	1,225,500		22,992
Sumitomo Mitsui Financial Group, Inc.	2,916,500		124,848
Takashimaya Co. Ltd.	2,636,000		21,732
THK Co. Ltd.	1,760,000		28,909
Common Stocks - continued
	Shares		Value (000s)
Japan - continued
Tokio Marine Holdings, Inc.	1,837,000		$ 53,396
Tokyo Electron Ltd.	1,263,200		66,224
Toyota Motor Corp.	3,041,600		127,686
USS Co. Ltd.	326,080		20,404
TOTAL JAPAN			1,605,737
Korea (South) - 1.1%
Lotte Shopping Co. Ltd.	83,999		21,125
NHN Corp. (a)	212,392		31,007
Samsung Electronics Co. Ltd.	75,679		44,812
TOTAL KOREA (SOUTH)			96,944
Luxembourg - 1.8%
ArcelorMittal SA (NY Shares) Class A	2,536,300		91,408
Millicom International Cellular SA (a)	282,400		20,940
SES SA (A Shares) FDR unit	1,053,068		21,072
Tenaris SA	1,960,300		29,727
TOTAL LUXEMBOURG			163,147
Netherlands - 2.8%
Akzo Nobel NV	686,300		37,654
ASML Holding NV (Netherlands)	1,536,400		40,119
Gemalto NV (a)(c)	957,830		35,767
James Hardie Industries NV unit	8,643,799		37,518
Koninklijke Ahold NV	1,111,192		12,637
Randstad Holdings NV (a)	1,378,500		47,742
Royal DSM NV	991,600		35,445
TOTAL NETHERLANDS			246,882
Netherlands Antilles - 0.2%
Schlumberger Ltd.	300,900		16,098
Norway - 0.5%
DnB NOR ASA (a)	2,649,400		23,046
Pronova BioPharma ASA (a)	4,726,590		14,723
Sevan Marine ASA (a)	6,442,000		8,405
TOTAL NORWAY			46,174
Singapore - 0.7%
Ascendas Real Estate Investment Trust (A-REIT)	7,883,000		9,311
CapitaLand Ltd.	7,827,000		20,775
Singapore Exchange Ltd.	5,754,250		34,865
TOTAL SINGAPORE			64,951
Common Stocks - continued
	Shares		Value (000s)
South Africa - 1.0%
MTN Group Ltd.	5,254,600		$ 86,674
Spain - 2.6%
Banco Santander SA	3,311,500		47,952
Inditex SA	336,374		18,093
Telefonica SA	6,587,600		163,893
TOTAL SPAIN			229,938
Sweden - 0.6%
H&M Hennes & Mauritz AB (B Shares)	891,750		53,007
Intrum Justitia AB	444,258		4,586
TOTAL SWEDEN			57,593
Switzerland - 7.4%
Actelion Ltd. (Reg.) (a)	1,127,883		62,217
BB BIOTECH AG	354,261		24,034
Credit Suisse Group sponsored ADR	1,353,900		64,134
Nestle SA (Reg.)	3,524,290		145,041
Nobel Biocare Holding AG (Switzerland)	1,045,000		24,818
Partners Group Holding	176,756		18,608
Roche Holding AG (participation certificate)	879,208		138,630
Sonova Holding AG	574,683		50,684
Syngenta AG (Switzerland)	181,599		41,791
UBS AG (For. Reg.) (a)	2,579,240		37,759
Zurich Financial Services AG (Reg.)	285,674		56,138
TOTAL SWITZERLAND			663,854
Taiwan - 0.5%
Hon Hai Precision Industry Co. Ltd. (Foxconn)	5,828,200		20,073
Taiwan Semiconductor Manufacturing Co. Ltd.	14,076,998		25,271
TOTAL TAIWAN			45,344
United Kingdom - 22.1%
Aberdeen Asset Management PLC (c)	21,064,600		43,815
Aegis Group PLC	7,593,391		10,466
Anglo American PLC (United Kingdom)	1,394,300		44,959
AstraZeneca PLC (United Kingdom)	1,183,197		55,119
Babcock International Group PLC	2,715,100		21,354
Barclays PLC	8,379,300		42,598
BG Group PLC	3,675,900		61,352
BG Group PLC sponsored ADR	207,400		17,405
BHP Billiton PLC	5,198,900		135,759
BP PLC	18,078,300		149,940
Common Stocks - continued
	Shares		Value (000s)
United Kingdom - continued
Capita Group PLC	3,229,593		$ 36,016
Carphone Warehouse Group PLC	15,229,553		45,672
Cookson Group PLC	3,097,460		16,107
Debenhams PLC	23,160,156		34,341
DSG International PLC	39,670,628		18,226
Experian PLC	2,838,100		23,424
HSBC Holdings PLC:
(Hong Kong) (Reg.)	1,304,189		13,067
(United Kingdom) (Reg.)	22,639,714		229,119
IG Group Holdings PLC	6,284,100		31,602
Imperial Tobacco Group PLC	2,343,400		66,988
Inchcape PLC	28,272,600		12,990
Informa PLC	13,289,260		53,230
InterContinental Hotel Group PLC	2,118,900		24,037
International Personal Finance PLC	9,709,188		21,736
Johnson Matthey PLC	1,048,300		24,800
Kesa Electricals PLC	1,602,432		3,487
Man Group PLC	13,203,500		61,049
Misys PLC	7,892,600		23,900
Mothercare PLC	166,990		1,479
National Grid PLC	2,313,300		21,585
NEXT PLC	976,170		27,807
Prudential PLC	6,511,200		48,762
Reckitt Benckiser Group PLC	1,760,600		84,596
Rio Tinto PLC (Reg.)	2,944,944		122,669
Royal Dutch Shell PLC Class B	3,128,812		81,144
SSL International PLC	4,962,409		46,884
Standard Chartered PLC (United Kingdom)	2,710,473		64,348
Taylor Wimpey PLC	31,449,272		20,491
The Game Group PLC	3,234,200		7,943
Vodafone Group PLC	22,137,829		45,522
Wolseley PLC (a)	1,433,164		32,061
WPP PLC	2,864,700		22,098
Xstrata PLC	1,889,800		25,517
TOTAL UNITED KINGDOM			1,975,464
United States of America - 2.3%
Applied Materials, Inc.	1,598,400		22,058
Cisco Systems, Inc. (a)	793,800		17,472
Cummins, Inc.	583,700		25,105
Goldman Sachs Group, Inc.	200,600		32,758
Morgan Stanley	776,800		22,139
Common Stocks - continued
	Shares		Value (000s)
United States of America - continued
Regal-Beloit Corp.	493,900		$ 22,897
Sohu.com, Inc. (a)	281,100		17,195
Union Pacific Corp.	506,200		29,117
Visa, Inc. Class A	187,600		12,280
TOTAL UNITED STATES OF AMERICA			201,021
TOTAL COMMON STOCKS (Cost $8,248,921)		8,630,264
Nonconvertible Preferred Stocks - 0.5%

Italy - 0.5%
Intesa Sanpaolo SpA (Cost $50,572)	15,194,902		42,880

Government Obligations - 0.2%
	Principal Amount (000s)
United States of America - 0.2%
U.S. Treasury Bills, yield at date of purchase 0.15% to 0.17% 8/6/09 to 8/20/09 (e) (Cost $18,549)	$ 18,550	18,550

Money Market Funds - 4.6%
	Shares
Fidelity Cash Central Fund, 0.37% (f)	280,047,168		280,047
Fidelity Securities Lending Cash Central Fund, 0.22% (b)(f)	133,296,648		133,297
TOTAL MONEY MARKET FUNDS (Cost $413,344)		413,344
TOTAL INVESTMENT PORTFOLIO - 101.9% (Cost $8,731,386)			9,105,038
NET OTHER ASSETS - (1.9)%			(171,569)
NET ASSETS - 100%		$ 8,933,469

Futures Contracts
	Expiration Date	Underlying Face Amount at Value (000s)	Unrealized Appreciation/ (Depreciation) (000s)
Purchased
Equity Index Contracts
1,493 TOPIX 150 Index Contracts (Japan)	Sept. 2009	$ 150,783	$ 5,515

The face value of futures purchased as a percentage of net assets - 1.7%

Legend

(a) Non-income producing

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

(d) Affiliated company

(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 $6,550,000.

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	$ -	$ -	$ -	$ 712
Total	$ 1,469	$ -	$ -	$ -	$ 712

Affiliated Central Funds

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

Fund	Income earned (Amounts in thousands)
Fidelity Cash Central Fund	$ 2,359
Fidelity Securities Lending Cash Central Fund	5,699
Total	$ 8,058

Other Information

The following is a summary of the inputs used, as of July 31, 2009, involving the Fund's assets and liabilities 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:
Equities:
United Kingdom	$ 1,975,464	$ 1,214,186	$ 761,278	$ -
Japan	1,605,737	1,117,778	487,959	-
France	783,729	552,469	231,260	-
Germany	716,135	499,173	216,962	-
Switzerland	663,854	584,305	79,549	-
Australia	271,229	271,229	-	-
Netherlands	246,882	206,763	40,119	-
Spain	229,938	18,093	211,845	-
China	218,781	188,674	30,107	-
Other	1,961,395	1,910,354	51,041	-
Government Obligations	18,550	-	18,550	-
Money Market Funds	413,344	413,344	-	-
Total Investments in Securities:	$ 9,105,038	$ 6,976,368	$ 2,128,670	$ -
Derivative Instruments:
Assets
Futures Contracts	$ 5,515	$ 5,515	$ -	$ -

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

(Amounts 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	$ -
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ -

Income Tax Information

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.

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

July 31, 2009

1.863103.101

IGF-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.5%
	Shares		Value
Australia - 3.2%
CSL Ltd.	4,318		$ 110,320
Macquarie Airports unit	21,907		45,619
Macquarie Group Ltd.	2,590		95,348
OZ Minerals Ltd.	35,962		33,684
QBE Insurance Group Ltd.	6,295		102,658
Woolworths Ltd.	11,429		260,458
TOTAL AUSTRALIA			648,087
Belgium - 2.9%
Anheuser-Busch InBev SA NV	12,700		505,280
Anheuser-Busch InBev SA NV (strip VVPR) (a)	6,400		27
Umicore SA	3,364		87,836
TOTAL BELGIUM			593,143
Bermuda - 1.7%
Lazard Ltd. Class A	2,600		96,174
Ports Design Ltd.	74,000		190,780
Seadrill Ltd.	3,300		52,955
TOTAL BERMUDA			339,909
Brazil - 4.5%
BM&F BOVESPA SA	31,200		201,312
Braskem SA Class A sponsored ADR (a)	9,100		81,445
Itau Unibanco Banco Multiplo SA ADR	8,300		148,487
MRV Engenharia e Participacoes SA	11,700		199,076
Petroleo Brasileiro SA - Petrobras sponsored ADR	3,100		127,844
Vale SA sponsored ADR	5,400		106,542
Votorantim Celulose e Papel SA sponsored ADR (non-vtg.) (a)	3,300		49,302
TOTAL BRAZIL			914,008
Canada - 1.6%
Agnico-Eagle Mines Ltd. (Canada)	2,400		140,768
Fairfax Financial Holdings Ltd. (sub. vtg.)	240		73,068
Niko Resources Ltd.	800		56,361
Petrobank Energy & Resources Ltd. (a)	2,000		60,853
TOTAL CANADA			331,050
Denmark - 1.2%
Novo Nordisk AS Series B sponsored ADR	3,700		216,043
Vestas Wind Systems AS (a)	500		35,216
TOTAL DENMARK			251,259
Common Stocks - continued
	Shares		Value
Finland - 1.0%
Nokian Tyres PLC	5,500		$ 116,172
Outotec Oyj	3,400		80,586
TOTAL FINLAND			196,758
France - 5.5%
Alstom SA	553		37,966
Audika SA	3,250		87,175
Danone	3,851		206,620
Delachaux SA	709		45,907
GDF Suez	3,765		143,837
Laurent-Perrier Group	641		42,637
Pernod Ricard SA	500		38,852
Remy Cointreau SA	1,904		75,359
Total SA Series B	7,296		404,627
Veolia Environnement sponsored ADR	1,400		48,174
TOTAL FRANCE			1,131,154
Germany - 3.8%
Bayer AG	2,100		128,880
centrotherm photovoltaics AG (a)	1,800		93,177
Deutsche Bank AG (NY Shares)	2,100		136,290
E.ON AG	4,138		156,642
Linde AG	1,100		103,818
Siemens AG sponsored ADR	1,400		111,272
Vossloh AG	400		46,395
TOTAL GERMANY			776,474
Greece - 0.2%
Terna Energy SA	5,800		45,052
Hong Kong - 1.3%
Hong Kong Exchange & Clearing Ltd.	13,800		260,335
India - 1.3%
Bharti Airtel Ltd.	18,134		155,499
Tata Steel Ltd.	11,064		106,962
TOTAL INDIA			262,461
Ireland - 0.3%
CRH PLC sponsored ADR	2,800		69,244
Israel - 0.2%
Partner Communications Co. Ltd. ADR (c)	1,740		32,816
Common Stocks - continued
	Shares		Value
Italy - 0.9%
Azimut Holdings SpA	8,200		$ 87,653
Fiat SpA (a)	8,900		98,687
TOTAL ITALY			186,340
Japan - 12.1%
Autobacs Seven Co. Ltd.	2,500		85,350
Denso Corp.	7,100		209,751
East Japan Railway Co.	2,100		120,526
Fanuc Ltd.	1,700		139,615
Japan Steel Works Ltd.	5,000		65,532
Keyence Corp.	520		102,725
Kobayashi Pharmaceutical Co. Ltd.	2,300		88,733
Mitsubishi UFJ Financial Group, Inc. sponsored ADR	27,600		171,120
Nagaileben Co. Ltd.	2,000		40,503
Nippon Seiki Co. Ltd.	8,000		98,510
Nippon Thompson Co. Ltd.	16,000		77,117
ORIX Corp.	1,600		101,300
Osaka Securities Exchange Co. Ltd.	17		76,366
Ozeki Co. Ltd.	4,300		128,395
Promise Co. Ltd. (c)	7,700		81,143
Shin-Etsu Chemical Co., Ltd.	3,200		172,498
Shiseido Co. Ltd.	3,000		48,959
SHO-BOND Holdings Co. Ltd.	2,200		41,624
Sony Financial Holdings, Inc.	17		52,414
Sumitomo Mitsui Financial Group, Inc.	4,100		175,510
The Nippon Synthetic Chemical Industry Co. Ltd.	15,000		73,882
Tokio Marine Holdings, Inc.	4,700		136,613
Tsumura & Co.	3,300		106,733
USS Co. Ltd.	1,270		79,467
TOTAL JAPAN			2,474,386
Korea (South) - 0.5%
NHN Corp. (a)	655		95,622
Luxembourg - 0.4%
ArcelorMittal SA (NY Shares) Class A	2,200		79,288
Mexico - 2.1%
America Movil SAB de CV Series L sponsored ADR	2,000		86,020
Cemex SA de CV sponsored ADR (a)	7,628		71,627
Desarrolladora Homex SAB de CV sponsored ADR (a)(c)	1,800		63,414
Common Stocks - continued
	Shares		Value
Mexico - continued
Fomento Economico Mexicano SAB de CV sponsored ADR	2,000		$ 77,200
Wal-Mart de Mexico SA de CV Series V	36,400		123,880
TOTAL MEXICO			422,141
Netherlands - 2.4%
Akzo Nobel NV	800		43,892
ASML Holding NV (NY Shares)	8,200		213,282
James Hardie Industries NV sponsored ADR	3,800		79,572
Koninklijke KPN NV	5,800		87,170
QIAGEN NV (a)	4,000		75,840
TOTAL NETHERLANDS			499,756
Papua New Guinea - 0.6%
Lihir Gold Ltd. sponsored ADR (a)(c)	4,000		94,440
Oil Search Ltd.	8,155		38,465
TOTAL PAPUA NEW GUINEA			132,905
Philippines - 0.4%
Jollibee Food Corp.	71,200		74,877
Singapore - 1.7%
CapitaLand Ltd.	26,000		69,011
City Developments Ltd.	8,000		56,365
Singapore Exchange Ltd.	28,000		169,650
Wing Tai Holdings Ltd.	35,000		42,072
TOTAL SINGAPORE			337,098
South Africa - 3.1%
African Rainbow Minerals Ltd.	10,039		170,081
Blue Financial Services Ltd. (a)	127,300		37,895
JSE Ltd.	11,100		86,526
Mr. Price Group Ltd.	21,300		83,800
MTN Group Ltd.	14,900		245,773
TOTAL SOUTH AFRICA			624,075
Spain - 3.4%
Grifols SA	2,438		44,390
Inditex SA	2,200		118,336
Prosegur Comp Securidad SA (Reg.)	2,000		69,410
Telefonica SA sponsored ADR	6,200		462,768
TOTAL SPAIN			694,904
Common Stocks - continued
	Shares		Value
Sweden - 1.4%
H&M Hennes & Mauritz AB (B Shares)	3,700		$ 219,934
Swedish Match Co.	3,000		57,259
TOTAL SWEDEN			277,193
Switzerland - 11.4%
ABB Ltd. sponsored ADR	9,200		168,176
Actelion Ltd. (Reg.) (a)	2,180		120,255
Bank Sarasin & Co. Ltd.:
rights 9/15/09 (a)	2,175		1,995
Series B (Reg.)	2,175		70,929
Credit Suisse Group sponsored ADR	5,600		265,272
Nestle SA (Reg.)	18,332		754,449
Novartis AG sponsored ADR	3,000		136,860
Roche Holding AG (participation certificate)	4,335		683,524
Sonova Holding AG	1,291		113,860
TOTAL SWITZERLAND			2,315,320
Turkey - 1.9%
Anadolu Efes Biracilik ve Malt Sanyii AS	8,800		94,514
Asya Katilim Bankasi AS (a)	54,000		103,514
Coca-Cola Icecek AS	13,000		77,765
Turkiye Garanti Bankasi AS (a)	34,000		120,182
TOTAL TURKEY			395,975
United Kingdom - 17.4%
Aberdeen Asset Management PLC	15,900		33,072
Babcock International Group PLC	11,600		91,232
BAE Systems PLC	23,100		118,481
BG Group PLC	19,000		317,116
BHP Billiton PLC ADR	11,400		603,060
Bovis Homes Group PLC	15,400		118,867
British American Tobacco PLC sponsored ADR	1,300		80,847
Cobham PLC	20,800		62,238
GlaxoSmithKline PLC sponsored ADR	2,800		107,212
Great Portland Estates PLC	18,163		70,552
Informa PLC	15,941		63,852
Johnson Matthey PLC	4,743		112,206
Man Group PLC	13,323		61,601
National Grid PLC	6,600		61,584
Persimmon PLC	5,525		41,561
Reckitt Benckiser Group PLC	6,400		307,516
Rio Tinto PLC:
(Reg.)	2,835		118,089
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Rio Tinto PLC: - continued
sponsored ADR (c)	1,550		$ 259,749
Serco Group PLC	28,200		190,104
Shaftesbury PLC	15,333		84,664
Spirax-Sarco Engineering PLC	2,500		38,343
Standard Chartered PLC (United Kingdom)	11,400		270,643
Ted Baker PLC	12,300		76,856
Tesco PLC	27,900		171,301
Victrex PLC	7,900		86,054
TOTAL UNITED KINGDOM			3,546,800
United States of America - 9.1%
Advanced Energy Industries, Inc. (a)	11,400		137,142
Airgas, Inc.	800		35,664
Allergan, Inc.	1,500		80,145
Autoliv, Inc.	2,300		82,363
Berkshire Hathaway, Inc. Class B (a)	32		101,776
CyberSource Corp. (a)	6,300		109,242
FMC Technologies, Inc. (a)	1,000		43,500
Gilead Sciences, Inc. (a)	1,500		73,395
Goldman Sachs Group, Inc.	800		130,640
Juniper Networks, Inc. (a)	5,100		133,263
Martin Marietta Materials, Inc.	800		68,856
Mohawk Industries, Inc. (a)	2,700		139,266
Philip Morris International, Inc.	2,000		93,200
Pricesmart, Inc.	6,305		102,835
Varian Semiconductor Equipment Associates, Inc. (a)	3,200		102,528
Visa, Inc. Class A	6,300		412,398
TOTAL UNITED STATES OF AMERICA			1,846,213
TOTAL COMMON STOCKS (Cost $18,828,994)		19,854,643
Investment Companies - 1.5%

United States of America - 1.5%
iShares MSCI EAFE Growth Index ETF (Cost $276,426)	6,000		301,320
Money Market Funds - 1.8%

Fidelity Securities Lending Cash Central Fund, 0.22% (b)(d) (Cost $372,925)	372,925		372,925
Cash Equivalents - 1.1%
	Maturity Amount		Value
Investments in repurchase agreements in a joint trading account at 0.19%, dated 7/31/09 due 8/3/09 (Collateralized by U.S. Treasury Obligations) # (Cost $231,000)	$ 231,004		$ 231,000
TOTAL INVESTMENT PORTFOLIO - 101.9% (Cost $19,709,345)			20,759,888
NET OTHER ASSETS - (1.9)%			(390,924)
NET ASSETS - 100%		$ 20,368,964

Security Type Abbreviation

ETF - Exchange-Traded Fund

Legend

(a) Non-income producing

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

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

Repurchase Agreement / Counterparty	Value
$231,000 due 8/03/09 at 0.19%
BNP Paribas Securities Corp.	$ 10,399
Barclays Capital, Inc.	40,278
Credit Suisse Securities (USA) LLC	10,566
Deutsche Bank Securities, Inc.	33,833
HSBC Securities (USA), Inc.	44,017
ING Financial Markets LLC	48,333
J.P. Morgan Securities, Inc.	7,323
Mizuho Securities USA, Inc.	8,056
Morgan Stanley & Co., Inc.	8,056
Societe Generale, New York Branch	20,139
	$ 231,000

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
Fidelity Securities Lending Cash Central Fund	$ 5,296

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
United Kingdom	$ 3,546,800	$ 3,428,711	$ 118,089	$ -
Japan	2,474,386	2,474,386	-	-
Switzerland	2,315,320	2,315,320	-	-
United States of America	2,147,533	2,147,533	-	-
France	1,131,154	726,527	404,627	-
Brazil	914,008	914,008	-	-
Germany	776,474	776,474	-	-
Spain	694,904	694,904	-	-
Australia	648,087	648,087	-	-
Other	5,507,297	5,507,297	-	-
Cash Equivalents	231,000	-	231,000	-
Money Market Funds	$ 372,925	$ 372,925	$ -	$ -
Total Investments in Securities:	$ 20,759,888	$ 20,006,172	$ 753,716	$ -

Income Tax Information

At July 31, 2009, the aggregate cost of investment securities for income tax purposes was $20,426,122. Net unrealized appreciation aggregated $333,766, of which $2,497,912 related to appreciated investment securities and $2,164,146 related to depreciated investment securities.

Investment Valuation

Quarterly Report

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

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

July 31, 2009

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

1.863095.101

AIGF-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.5%
	Shares		Value
Australia - 3.2%
CSL Ltd.	4,318		$ 110,320
Macquarie Airports unit	21,907		45,619
Macquarie Group Ltd.	2,590		95,348
OZ Minerals Ltd.	35,962		33,684
QBE Insurance Group Ltd.	6,295		102,658
Woolworths Ltd.	11,429		260,458
TOTAL AUSTRALIA			648,087
Belgium - 2.9%
Anheuser-Busch InBev SA NV	12,700		505,280
Anheuser-Busch InBev SA NV (strip VVPR) (a)	6,400		27
Umicore SA	3,364		87,836
TOTAL BELGIUM			593,143
Bermuda - 1.7%
Lazard Ltd. Class A	2,600		96,174
Ports Design Ltd.	74,000		190,780
Seadrill Ltd.	3,300		52,955
TOTAL BERMUDA			339,909
Brazil - 4.5%
BM&F BOVESPA SA	31,200		201,312
Braskem SA Class A sponsored ADR (a)	9,100		81,445
Itau Unibanco Banco Multiplo SA ADR	8,300		148,487
MRV Engenharia e Participacoes SA	11,700		199,076
Petroleo Brasileiro SA - Petrobras sponsored ADR	3,100		127,844
Vale SA sponsored ADR	5,400		106,542
Votorantim Celulose e Papel SA sponsored ADR (non-vtg.) (a)	3,300		49,302
TOTAL BRAZIL			914,008
Canada - 1.6%
Agnico-Eagle Mines Ltd. (Canada)	2,400		140,768
Fairfax Financial Holdings Ltd. (sub. vtg.)	240		73,068
Niko Resources Ltd.	800		56,361
Petrobank Energy & Resources Ltd. (a)	2,000		60,853
TOTAL CANADA			331,050
Denmark - 1.2%
Novo Nordisk AS Series B sponsored ADR	3,700		216,043
Vestas Wind Systems AS (a)	500		35,216
TOTAL DENMARK			251,259
Common Stocks - continued
	Shares		Value
Finland - 1.0%
Nokian Tyres PLC	5,500		$ 116,172
Outotec Oyj	3,400		80,586
TOTAL FINLAND			196,758
France - 5.5%
Alstom SA	553		37,966
Audika SA	3,250		87,175
Danone	3,851		206,620
Delachaux SA	709		45,907
GDF Suez	3,765		143,837
Laurent-Perrier Group	641		42,637
Pernod Ricard SA	500		38,852
Remy Cointreau SA	1,904		75,359
Total SA Series B	7,296		404,627
Veolia Environnement sponsored ADR	1,400		48,174
TOTAL FRANCE			1,131,154
Germany - 3.8%
Bayer AG	2,100		128,880
centrotherm photovoltaics AG (a)	1,800		93,177
Deutsche Bank AG (NY Shares)	2,100		136,290
E.ON AG	4,138		156,642
Linde AG	1,100		103,818
Siemens AG sponsored ADR	1,400		111,272
Vossloh AG	400		46,395
TOTAL GERMANY			776,474
Greece - 0.2%
Terna Energy SA	5,800		45,052
Hong Kong - 1.3%
Hong Kong Exchange & Clearing Ltd.	13,800		260,335
India - 1.3%
Bharti Airtel Ltd.	18,134		155,499
Tata Steel Ltd.	11,064		106,962
TOTAL INDIA			262,461
Ireland - 0.3%
CRH PLC sponsored ADR	2,800		69,244
Israel - 0.2%
Partner Communications Co. Ltd. ADR (c)	1,740		32,816
Common Stocks - continued
	Shares		Value
Italy - 0.9%
Azimut Holdings SpA	8,200		$ 87,653
Fiat SpA (a)	8,900		98,687
TOTAL ITALY			186,340
Japan - 12.1%
Autobacs Seven Co. Ltd.	2,500		85,350
Denso Corp.	7,100		209,751
East Japan Railway Co.	2,100		120,526
Fanuc Ltd.	1,700		139,615
Japan Steel Works Ltd.	5,000		65,532
Keyence Corp.	520		102,725
Kobayashi Pharmaceutical Co. Ltd.	2,300		88,733
Mitsubishi UFJ Financial Group, Inc. sponsored ADR	27,600		171,120
Nagaileben Co. Ltd.	2,000		40,503
Nippon Seiki Co. Ltd.	8,000		98,510
Nippon Thompson Co. Ltd.	16,000		77,117
ORIX Corp.	1,600		101,300
Osaka Securities Exchange Co. Ltd.	17		76,366
Ozeki Co. Ltd.	4,300		128,395
Promise Co. Ltd. (c)	7,700		81,143
Shin-Etsu Chemical Co., Ltd.	3,200		172,498
Shiseido Co. Ltd.	3,000		48,959
SHO-BOND Holdings Co. Ltd.	2,200		41,624
Sony Financial Holdings, Inc.	17		52,414
Sumitomo Mitsui Financial Group, Inc.	4,100		175,510
The Nippon Synthetic Chemical Industry Co. Ltd.	15,000		73,882
Tokio Marine Holdings, Inc.	4,700		136,613
Tsumura & Co.	3,300		106,733
USS Co. Ltd.	1,270		79,467
TOTAL JAPAN			2,474,386
Korea (South) - 0.5%
NHN Corp. (a)	655		95,622
Luxembourg - 0.4%
ArcelorMittal SA (NY Shares) Class A	2,200		79,288
Mexico - 2.1%
America Movil SAB de CV Series L sponsored ADR	2,000		86,020
Cemex SA de CV sponsored ADR (a)	7,628		71,627
Desarrolladora Homex SAB de CV sponsored ADR (a)(c)	1,800		63,414
Common Stocks - continued
	Shares		Value
Mexico - continued
Fomento Economico Mexicano SAB de CV sponsored ADR	2,000		$ 77,200
Wal-Mart de Mexico SA de CV Series V	36,400		123,880
TOTAL MEXICO			422,141
Netherlands - 2.4%
Akzo Nobel NV	800		43,892
ASML Holding NV (NY Shares)	8,200		213,282
James Hardie Industries NV sponsored ADR	3,800		79,572
Koninklijke KPN NV	5,800		87,170
QIAGEN NV (a)	4,000		75,840
TOTAL NETHERLANDS			499,756
Papua New Guinea - 0.6%
Lihir Gold Ltd. sponsored ADR (a)(c)	4,000		94,440
Oil Search Ltd.	8,155		38,465
TOTAL PAPUA NEW GUINEA			132,905
Philippines - 0.4%
Jollibee Food Corp.	71,200		74,877
Singapore - 1.7%
CapitaLand Ltd.	26,000		69,011
City Developments Ltd.	8,000		56,365
Singapore Exchange Ltd.	28,000		169,650
Wing Tai Holdings Ltd.	35,000		42,072
TOTAL SINGAPORE			337,098
South Africa - 3.1%
African Rainbow Minerals Ltd.	10,039		170,081
Blue Financial Services Ltd. (a)	127,300		37,895
JSE Ltd.	11,100		86,526
Mr. Price Group Ltd.	21,300		83,800
MTN Group Ltd.	14,900		245,773
TOTAL SOUTH AFRICA			624,075
Spain - 3.4%
Grifols SA	2,438		44,390
Inditex SA	2,200		118,336
Prosegur Comp Securidad SA (Reg.)	2,000		69,410
Telefonica SA sponsored ADR	6,200		462,768
TOTAL SPAIN			694,904
Common Stocks - continued
	Shares		Value
Sweden - 1.4%
H&M Hennes & Mauritz AB (B Shares)	3,700		$ 219,934
Swedish Match Co.	3,000		57,259
TOTAL SWEDEN			277,193
Switzerland - 11.4%
ABB Ltd. sponsored ADR	9,200		168,176
Actelion Ltd. (Reg.) (a)	2,180		120,255
Bank Sarasin & Co. Ltd.:
rights 9/15/09 (a)	2,175		1,995
Series B (Reg.)	2,175		70,929
Credit Suisse Group sponsored ADR	5,600		265,272
Nestle SA (Reg.)	18,332		754,449
Novartis AG sponsored ADR	3,000		136,860
Roche Holding AG (participation certificate)	4,335		683,524
Sonova Holding AG	1,291		113,860
TOTAL SWITZERLAND			2,315,320
Turkey - 1.9%
Anadolu Efes Biracilik ve Malt Sanyii AS	8,800		94,514
Asya Katilim Bankasi AS (a)	54,000		103,514
Coca-Cola Icecek AS	13,000		77,765
Turkiye Garanti Bankasi AS (a)	34,000		120,182
TOTAL TURKEY			395,975
United Kingdom - 17.4%
Aberdeen Asset Management PLC	15,900		33,072
Babcock International Group PLC	11,600		91,232
BAE Systems PLC	23,100		118,481
BG Group PLC	19,000		317,116
BHP Billiton PLC ADR	11,400		603,060
Bovis Homes Group PLC	15,400		118,867
British American Tobacco PLC sponsored ADR	1,300		80,847
Cobham PLC	20,800		62,238
GlaxoSmithKline PLC sponsored ADR	2,800		107,212
Great Portland Estates PLC	18,163		70,552
Informa PLC	15,941		63,852
Johnson Matthey PLC	4,743		112,206
Man Group PLC	13,323		61,601
National Grid PLC	6,600		61,584
Persimmon PLC	5,525		41,561
Reckitt Benckiser Group PLC	6,400		307,516
Rio Tinto PLC:
(Reg.)	2,835		118,089
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Rio Tinto PLC: - continued
sponsored ADR (c)	1,550		$ 259,749
Serco Group PLC	28,200		190,104
Shaftesbury PLC	15,333		84,664
Spirax-Sarco Engineering PLC	2,500		38,343
Standard Chartered PLC (United Kingdom)	11,400		270,643
Ted Baker PLC	12,300		76,856
Tesco PLC	27,900		171,301
Victrex PLC	7,900		86,054
TOTAL UNITED KINGDOM			3,546,800
United States of America - 9.1%
Advanced Energy Industries, Inc. (a)	11,400		137,142
Airgas, Inc.	800		35,664
Allergan, Inc.	1,500		80,145
Autoliv, Inc.	2,300		82,363
Berkshire Hathaway, Inc. Class B (a)	32		101,776
CyberSource Corp. (a)	6,300		109,242
FMC Technologies, Inc. (a)	1,000		43,500
Gilead Sciences, Inc. (a)	1,500		73,395
Goldman Sachs Group, Inc.	800		130,640
Juniper Networks, Inc. (a)	5,100		133,263
Martin Marietta Materials, Inc.	800		68,856
Mohawk Industries, Inc. (a)	2,700		139,266
Philip Morris International, Inc.	2,000		93,200
Pricesmart, Inc.	6,305		102,835
Varian Semiconductor Equipment Associates, Inc. (a)	3,200		102,528
Visa, Inc. Class A	6,300		412,398
TOTAL UNITED STATES OF AMERICA			1,846,213
TOTAL COMMON STOCKS (Cost $18,828,994)		19,854,643
Investment Companies - 1.5%

United States of America - 1.5%
iShares MSCI EAFE Growth Index ETF (Cost $276,426)	6,000		301,320
Money Market Funds - 1.8%

Fidelity Securities Lending Cash Central Fund, 0.22% (b)(d) (Cost $372,925)	372,925		372,925
Cash Equivalents - 1.1%
	Maturity Amount		Value
Investments in repurchase agreements in a joint trading account at 0.19%, dated 7/31/09 due 8/3/09 (Collateralized by U.S. Treasury Obligations) # (Cost $231,000)	$ 231,004		$ 231,000
TOTAL INVESTMENT PORTFOLIO - 101.9% (Cost $19,709,345)			20,759,888
NET OTHER ASSETS - (1.9)%			(390,924)
NET ASSETS - 100%		$ 20,368,964

Security Type Abbreviation

ETF - Exchange-Traded Fund

Legend

(a) Non-income producing

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

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

Repurchase Agreement / Counterparty	Value
$231,000 due 8/03/09 at 0.19%
BNP Paribas Securities Corp.	$ 10,399
Barclays Capital, Inc.	40,278
Credit Suisse Securities (USA) LLC	10,566
Deutsche Bank Securities, Inc.	33,833
HSBC Securities (USA), Inc.	44,017
ING Financial Markets LLC	48,333
J.P. Morgan Securities, Inc.	7,323
Mizuho Securities USA, Inc.	8,056
Morgan Stanley & Co., Inc.	8,056
Societe Generale, New York Branch	20,139
	$ 231,000

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
Fidelity Securities Lending Cash Central Fund	$ 5,296

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
United Kingdom	$ 3,546,800	$ 3,428,711	$ 118,089	$ -
Japan	2,474,386	2,474,386	-	-
Switzerland	2,315,320	2,315,320	-	-
United States of America	2,147,533	2,147,533	-	-
France	1,131,154	726,527	404,627	-
Brazil	914,008	914,008	-	-
Germany	776,474	776,474	-	-
Spain	694,904	694,904	-	-
Australia	648,087	648,087	-	-
Other	5,507,297	5,507,297	-	-
Cash Equivalents	231,000	-	231,000	-
Money Market Funds	$ 372,925	$ 372,925	$ -	$ -
Total Investments in Securities:	$ 20,759,888	$ 20,006,172	$ 753,716	$ -

Income Tax Information

Investment Valuation

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

July 31, 2009

1.804839.105

ISC-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 94.6%
	Shares		Value
Australia - 8.1%
Allied Gold Ltd. (a)	2,565,540		$ 890,408
Allied Gold Ltd. (United Kingdom) (a)	5,293,600		1,813,024
ASX Ltd.	10,928		343,447
Austal Ltd.	109,280		257,722
Australian Worldwide Exploration Ltd.	440,507		983,617
Billabong International Ltd.	79,935		615,017
BlueScope Steel Ltd.	1,449,245		4,084,452
Centamin Egypt Ltd. (a)	3,606,944		5,287,921
Coal of Africa Ltd. (a)	2,406,504		3,377,259
David Jones Ltd.	1,322,659		5,685,558
Energy Resources of Australia Ltd.	63,801		1,349,926
Iress Market Technology Ltd. (c)	457,100		2,756,186
JB Hi-Fi Ltd.	424,442		5,998,838
Macquarie Group Ltd.	110,570		4,070,516
Monto Minerals Ltd. (a)	8,206,552		137
Monto Minerals Ltd. warrants 5/25/09 (a)	1,485,934		25
Navitas Ltd.	1,322,105		3,040,610
Newcrest Mining Ltd.	22,056		553,363
OZ Minerals Ltd.	2,675,018		2,505,572
Paladin Energy Ltd. (a)	136,133		519,147
Primary Health Care Ltd.	256,571		1,195,157
QBE Insurance Group Ltd.	104,925		1,711,101
Rio Tinto Ltd.	24,925		1,259,025
SAI Global Ltd.	1,521,435		3,626,272
Seek Ltd.	423,758		1,509,696
Stockland Corp. Ltd. unit	107,523		283,253
Tianshan Goldfields Ltd. (a)	944,712		70,316
Westfield Group unit	26,183		248,091
TOTAL AUSTRALIA			54,035,656
Austria - 0.6%
Andritz AG	90,800		3,979,441
Belgium - 0.2%
EVS Broadcast Equipment SA	7,700		446,659
Hansen Transmission International NV (a)	474,200		1,069,532
TOTAL BELGIUM			1,516,191
Bermuda - 2.7%
Aquarius Platinum Ltd. (Australia)	407,165		1,692,345
C C Land Holdings Ltd.	2,286,000		1,716,745
Dickson Concepts International Ltd.	2,584,500		1,367,310
GOME Electrical Appliances Holdings Ltd.	249,300		72,057
Common Stocks - continued
	Shares		Value
Bermuda - continued
K Wah International Holdings Ltd.	1,629,000		$ 670,530
Luk Fook Holdings International Ltd.	864,000		464,897
Oakley Capital Investments Ltd. (a)	1,252,400		1,569,289
Pacific Basin Shipping Ltd.	1,389,000		1,046,699
Peace Mark Holdings Ltd. (a)	788,000		1
PureCircle Ltd. (a)(c)	516,400		2,053,344
Seadrill Ltd.	118,300		1,898,372
Tai Fook Securities Group Ltd.	3,994,000		1,412,100
Vtech Holdings Ltd.	574,000		4,092,144
Zambezi Resources Ltd.:
CDI (a)	2,184,593		36,540
warrants 8/31/09 (a)	108,686		1
TOTAL BERMUDA			18,092,374
British Virgin Islands - 0.7%
Albidon Ltd. unit (a)	1,469,000		46,140
Kalahari Energy (a)(f)	1,451,000		906,875
Playtech Ltd. (c)	815,900		3,976,915
TOTAL BRITISH VIRGIN ISLANDS			4,929,930
Canada - 2.9%
AirSea Lines (a)(f)	1,893,338		27
AirSea Lines warrants 8/4/11 (a)(f)	1,862,300		27
European Goldfields Ltd. (a)	856,600		2,584,072
Moto Goldmines Ltd. (a)	84,900		397,963
Pacific Rubiales Energy Corp. (a)	505,000		5,399,916
Platmin Ltd. (a)	3,647,000		3,960,478
Red Back Mining, Inc. (a)	655,500		6,090,458
Rock Well Petroleum, Inc. (a)(f)	770,400		7
Starfield Resources, Inc. (a)	4,328,075		642,773
TOTAL CANADA			19,075,721
Cayman Islands - 1.9%
AAC Acoustic Technology Holdings, Inc.	910,000		878,314
China Metal International Holdings, Inc.	1,908,000		302,824
China Shanshui Cement Group Ltd.	370,000		240,624
China Shineway Pharmaceutical Group Ltd.	380,000		370,201
Eagle Nice (International) Holdings Ltd.	1,114,000		378,049
Haitian International Holdings Ltd.	380,000		124,054
International Consolidated Minerals, Inc. (a)	852,927		78,374
Kingboard Chemical Holdings Ltd.	22,500		71,421
Kingboard Laminates Holdings Ltd.	938,000		484,138
KWG Property Holding Ltd.	226,000		172,347
Common Stocks - continued
	Shares		Value
Cayman Islands - continued
Marwyn Value Investors II Ltd. (a)	1,911,200		$ 1,851,964
Orchid Developments Group Ltd. (a)	1,211,000		859,868
Pacific Textile Holdings Ltd.	4,958,000		1,778,517
Shimao Property Holdings Ltd.	539,500		1,084,590
Stella International Holdings Ltd.	134,000		221,666
Xingda International Holdings Ltd.	2,765,000		1,027,530
Xinyi Glass Holdings Co. Ltd.	1,350,000		1,175,829
Yip's Chemical Holdings Ltd.	2,112,000		1,163,666
TOTAL CAYMAN ISLANDS			12,263,976
China - 0.7%
Angang Steel Co. Ltd. (H Shares)	178,000		403,781
BBMG Corp. Class H	62,000		80,802
Golden Eagle Retail Group Ltd. (H Shares)	212,000		276,836
Shandong Chenming Paper Holdings Ltd. (B Shares)	1,620,900		1,259,098
Shenzhou International Group Holdings Ltd.	455,000		361,072
Weiqiao Textile Co. Ltd. (H Shares)	3,952,000		2,493,633
TOTAL CHINA			4,875,222
Cyprus - 0.9%
Buried Hill Energy (Cyprus) PCL (a)(f)	1,947,000		4,030,290
Mirland Development Corp. PLC (a)	784,400		1,605,359
TOTAL CYPRUS			5,635,649
Denmark - 1.1%
Genmab AS (a)	20,200		808,015
Vestas Wind Systems AS (a)	96,300		6,782,599
TOTAL DENMARK			7,590,614
Egypt - 0.2%
Talaat Moustafa Group Holding (a)	1,199,460		1,189,083
Finland - 1.1%
Nokian Tyres PLC	197,340		4,168,256
Talvivaara Mining Co. PLC (a)	476,900		2,993,814
TOTAL FINLAND			7,162,070
France - 6.4%
Altamir Amboise (a)	275,700		1,249,554
April Group	74,600		2,889,877
Audika SA	69,500		1,864,213
Boursorama (a)	48,800		450,698
Delachaux SA	49,500		3,205,081
Devoteam SA	41,900		853,967
Common Stocks - continued
	Shares		Value
France - continued
Faiveley SA	22,700		$ 1,908,837
Iliad Group SA	41,200		4,398,150
Laurent-Perrier Group	8,460		562,729
LeGuide.com SA (a)	85,700		2,027,589
Maisons France Confort	42,500		1,417,411
Meetic (a)(c)	222,700		7,093,961
Nexity	98,500		3,394,561
Sartorius Stedim Biotech	55,400		2,032,401
SeLoger.com (a)(c)	195,400		6,266,112
SR Teleperformance SA	96,800		3,062,805
TOTAL FRANCE			42,677,946
Germany - 4.8%
CompuGROUP Holding AG (a)	128,900		1,249,260
CTS Eventim AG	115,200		4,695,800
Delticom AG	141,300		3,776,022
ElringKlinger AG	189,600		3,637,261
KROMI Logistik AG (a)	118,200		1,455,534
Open Business Club AG (a)	2,450		99,518
Q-Cells SE (a)(c)	64,800		1,166,459
Rational AG (c)	24,400		2,990,745
Salzgitter AG	36,000		3,650,635
SMA Solar Technology AG	31,200		2,495,088
STRATEC Biomedical Systems AG (c)	38,810		1,038,243
United Internet AG (a)	228,800		2,918,570
Wirecard AG	263,550		2,835,966
TOTAL GERMANY			32,009,101
Greece - 0.4%
Babis Vovos International Technical SA (a)	154,400		902,240
Jumbo SA	150,400		1,639,836
TOTAL GREECE			2,542,076
Hong Kong - 2.9%
Chen Hsong Holdings Ltd.	1,324,000		398,062
China Everbright Ltd.	386,000		1,207,830
Chow Sang Sang Holdings International Ltd.	622,000		544,160
Dah Sing Financial Holdings Ltd.	110,800		506,116
Dynasty Fine Wines Group Ltd.	1,520,000		362,846
Fairwood Holdings Ltd.	1,059,000		975,665
Midland Holdings Ltd.	5,196,000		4,163,585
REXCAPITAL Financial Holdings Ltd. (a)	9,950,000		860,210
Sa Sa International Holdings Ltd.	1,200,000		560,527
Common Stocks - continued
	Shares		Value
Hong Kong - continued
Shun Tak Holdings Ltd.	5,646,000		$ 4,626,167
Singamas Container Holdings Ltd.	950,000		149,551
Techtronic Industries Co. Ltd.	3,585,500		2,974,866
Texwinca Holdings Ltd.	1,742,000		1,364,406
Tian An China Investments Co. Ltd.	649,000		381,033
TOTAL HONG KONG			19,075,024
India - 0.8%
Bajaj Auto Ltd.	14,751		376,833
Housing Development and Infrastructure Ltd.	158,735		919,219
Indiabulls Real Estate Ltd.	178,308		918,291
Maharashtra Seamless Ltd.	171,925		914,537
Patni Computer Systems Ltd.	202,804		1,533,805
Petronet LNG Ltd.	118,974		173,765
Tata Steel Ltd.	51,815		500,923
TOTAL INDIA			5,337,373
Indonesia - 0.2%
PT Astra International Tbk	142,000		419,205
PT Indocement Tunggal Prakarsa Tbk	1,008,000		944,527
TOTAL INDONESIA			1,363,732
Ireland - 0.9%
Dragon Oil PLC (a)	705,000		3,951,665
Kenmare Resources PLC warrants 12/31/09 (a)	1,712,500		135,901
Petroceltic International PLC (a)	9,132,800		1,678,399
Vimio PLC (a)	867,300		14
TOTAL IRELAND			5,765,979
Italy - 0.2%
Seldovia Native Association, Inc. (SNAI) (a)	311,490		1,331,853
Japan - 25.3%
ABC-Mart, Inc.	29,100		832,000
Aioi Insurance Co. Ltd.	251,000		1,193,848
Air Water, Inc.	217,000		2,406,014
Airport Facilities Co. Ltd.	168,800		920,630
Aozora Bank Ltd. (a)	384,000		531,699
ARCS Co. Ltd.	148,800		2,116,952
Arnest One Corp. (a)	397,000		1,833,728
Asahi Intecc Co. Ltd.	152,900		1,648,430
ASKUL Corp. (c)	36,600		674,669
Bank of Kyoto Ltd.	218,000		1,977,000
Common Stocks - continued
	Shares		Value
Japan - continued
Benesse Corp.	34,000		$ 1,473,417
C. Uyemura & Co. Ltd.	18,800		814,713
Central Glass Co. Ltd.	596,000		2,519,818
Chiba Bank Ltd.	248,000		1,609,470
Chiyoda Corp.	187,000		1,589,134
Create SD Holdings Co. Ltd.	48,200		1,044,393
Culture Convenience Club Co. Ltd. (c)	235,100		1,804,065
Daicel Chemical Industries Ltd.	330,000		2,103,266
Daido Steel Co. Ltd.	192,000		795,518
Daihen Corp.	443,000		1,479,632
Daikin Industries Ltd.	51,400		1,868,893
Daiseki Co. Ltd. (c)	99,830		2,184,210
Don Quijote Co. Ltd.	79,600		1,658,298
DTS Corp.	47,600		450,794
eAccess Ltd.	1,972		1,531,994
EPS Co. Ltd.	347		1,474,411
Exedy Corp.	101,500		2,397,764
Ferrotec Corp. (c)	74,600		841,330
FreeBit Co., Ltd. (c)	119		700,592
Fuji Oil Co. Ltd.	122,600		1,507,069
Fujikura Ltd.	236,000		1,249,720
Furukawa Electric Co. Ltd.	183,000		883,955
Hitachi Maxell Ltd. (c)	51,700		940,994
Hitachi Metals Ltd.	67,000		658,598
Hitachi Transport System Ltd.	123,900		1,572,814
Hoshizaki Electric Co. Ltd.	67,500		890,392
Ibiden Co. Ltd.	84,200		2,803,403
Inpex Corp.	200		1,530,494
Isetan Mitsukoshi Holdings Ltd.	97,600		1,034,698
Itochu Corp.	302,000		2,259,972
Joyo Bank Ltd.	205,000		1,044,393
JP-Holdings, Inc.	67,500		1,034,510
JTEKT Corp.	166,100		1,880,278
Jupiter Telecommunications Co.	2,298		1,930,990
kabu.com Securities Co. Ltd.	1,017		1,177,058
Kakaku.com, Inc.	399		1,606,796
Kandenko Co. Ltd.	155,000		1,028,855
Kansai Paint Co. Ltd.	137,000		1,057,076
Kenedix Realty Investment Corp.	453		1,517,820
Kinki Sharyo Co. Ltd.	177,000		1,388,162
Kissei Pharmaceutical Co. Ltd.	45,000		1,053,536
KOMERI Co. Ltd.	71,000		1,958,672
Common Stocks - continued
	Shares		Value
Japan - continued
Kuraray Co. Ltd.	213,500		$ 2,421,367
Maeda Corp.	210,000		663,672
Marui Group Co. Ltd.	116,000		832,512
McDonald's Holdings Co. (Japan) Ltd.	108,100		1,967,532
Meiko Electronics Co. Ltd.	89,800		2,021,710
Mitsubishi Materials Corp.	372,000		1,010,506
Mitsubishi UFJ Lease & Finance Co. Ltd.	72,270		2,215,231
Mitsui Chemicals, Inc.	260,000		953,599
Mitsumi Electric Co. Ltd.	28,300		698,452
mixi, Inc. (a)(c)	156		1,099,799
Mobilephone Telecommunications International Ltd.	782		1,799,402
Nabtesco Corp.	178,000		2,022,513
Nagaileben Co. Ltd.	7,400		149,862
NGK Insulators Ltd.	85,000		1,927,122
Nichi-iko Pharmaceutical Co. Ltd.	48,900		1,628,105
Nichicon Corp.	119,600		1,814,037
Nihon M&A Center, Inc. (c)	371		1,305,813
Nihon Nohyaku Co. Ltd.	169,000		1,562,995
Nippon Electric Glass Co. Ltd.	149,000		1,729,225
Nippon Signal Co. Ltd.	59,100		549,709
Nissay Dowa General Insurance Co. Ltd.	238,000		1,116,922
Nissin Kogyo Co. Ltd.	47,400		669,341
Nitta Corp.	12,200		184,012
NOF Corp.	194,000		867,371
Nomura Real Estate Residential Fund, Inc.	288		1,266,335
NS Solutions Corp.	62,900		1,120,911
NTT Urban Development Co.	1,685		1,595,772
Omron Corp.	65,600		1,063,634
Park24 Co. Ltd.	95,200		796,939
Pigeon Corp.	41,900		1,510,189
Point, Inc.	36,540		1,969,707
Rengo Co. Ltd.	161,000		1,010,823
Risa Partners, Inc. (c)	2,097		1,855,183
Roland DG Corp.	30,500		438,109
Saizeriya Co. Ltd.	143,400		2,273,544
Sankyu, Inc.	567,000		2,151,496
Santen Pharmaceutical Co. Ltd.	56,500		1,764,692
Sec Carbon Ltd.	80,000		639,256
Sega Sammy Holdings, Inc.	166,000		2,189,705
Sekisui Chemical Co. Ltd.	195,000		1,152,151
Seven Bank Ltd.	670		1,749,889
Shimadzu Corp.	169,000		1,311,130
Common Stocks - continued
	Shares		Value
Japan - continued
Shin Nippon Biomedical Laboratories Ltd. (c)	130,200		$ 452,762
Shin-Kobe Electric Machinery Co. Ltd. (c)	179,000		1,867,382
Shinsei Bank Ltd. (a)	355,000		525,314
SHO-BOND Holdings Co. Ltd.	120,900		2,287,401
So-net M3, Inc. (c)	367		1,303,372
SRI Sports Ltd.	918		711,229
Stanley Electric Co. Ltd.	115,300		2,393,502
Start Today Co. Ltd.	1,502		2,573,451
Sumitomo Rubber Industries Ltd.	192,300		1,670,760
Sumitomo Trust & Banking Co. Ltd.	320,000		1,752,035
Sysmex Corp.	49,500		1,899,218
Taiko Pharmaceutical Co. Ltd.	21,600		526,245
Taiyo Yuden Co. Ltd.	52,000		711,764
Takeei Corp.	87,100		1,344,107
The Suruga Bank Ltd.	221,000		2,349,921
Tocalo Co. Ltd.	49,100		893,152
Tokai Carbon Co. Ltd.	160,000		857,415
Tokyo Gas Co. Ltd.	140,000		513,476
Tokyo Ohka Kogyo Co. Ltd.	47,100		1,008,112
Tokyo Steel Manufacturing Co. Ltd.	53,000		588,204
Toyo Suisan Kaisha Ltd.	59,000		1,474,844
Tsumura & Co.	45,300		1,465,152
Unicharm Petcare Corp.	43,800		1,388,860
Weathernews, Inc.	34,500		568,862
Works Applications Co. Ltd.	1,308		942,877
Yamatake Corp.	135,700		2,983,363
Yamato Kogyo Co. Ltd.	30,300		944,773
Yokogawa Bridge Holdings Corp.	100,000		813,867
TOTAL JAPAN			168,368,631
Korea (South) - 0.1%
NCsoft Corp.	7,380		802,764
Luxembourg - 0.2%
GlobeOp Financial Services SA	657,185		1,317,551
Malaysia - 0.2%
Lafarge Malayan Cement Bhd	728,800		1,241,391
Netherlands - 3.6%
Brunel International NV	113,700		2,592,815
Gemalto NV (a)	139,689		5,216,204
James Hardie Industries NV unit	1,253,673		5,441,439
QIAGEN NV (a)	267,700		5,108,813
Common Stocks - continued
	Shares		Value
Netherlands - continued
SMARTRAC NV (a)	99,600		$ 1,692,102
Wavin NV (c)	2,182,500		4,009,574
TOTAL NETHERLANDS			24,060,947
Norway - 0.7%
IMAREX NOS ASA (a)	150,300		1,446,147
Norwegian Property ASA (a)	400,590		380,211
Renewable Energy Corp. AS (a)(c)	338,895		2,689,849
TOTAL NORWAY			4,516,207
Singapore - 1.1%
CapitaLand Ltd.	492,000		1,305,892
City Developments Ltd.	224,000		1,578,210
Pan-United Corp. Ltd.	691,000		261,670
Wing Tai Holdings Ltd.	3,275,000		3,936,736
TOTAL SINGAPORE			7,082,508
Spain - 0.9%
EDP Renovaveis SA (a)	344,000		3,532,020
Laboratorios Farmaceuticos ROVI SA	271,000		2,665,075
TOTAL SPAIN			6,197,095
Sweden - 1.0%
Countermine Technologies AB warrants 3/1/10 (a)	1,085,197		10,239
Elekta AB (B Shares) (c)	252,600		3,972,496
Intrum Justitia AB	208,800		2,155,366
XCounter AB (a)	1,108,000		240,648
TOTAL SWEDEN			6,378,749
Switzerland - 2.6%
Actelion Ltd. (Reg.) (a)	78,560		4,333,610
Basilea Pharmaceutica AG (a)	9,770		873,097
Logitech International SA (Reg.) (a)	155,599		2,620,691
Lonza Group AG	38,800		3,844,963
Panalpina Welttransport Holding AG	45,090		3,459,861
VZ Holding AG	43,510		2,218,963
TOTAL SWITZERLAND			17,351,185
Thailand - 0.1%
Supalai PCL (For. Reg.)	2,857,300		332,498
United Kingdom - 20.3%
Abcam PLC	314,200		3,937,005
Aberdeen Asset Management PLC	1,353,700		2,815,725
Common Stocks - continued
	Shares		Value
United Kingdom - continued
ACP Capital Ltd.	265,625		$ 135,353
Antisoma PLC (a)	2,230,000		1,089,756
Appian Technology PLC warrants 7/11/09 (a)(f)	479,045		8
ASOS PLC (a)(c)	1,179,600		6,848,383
Asset Realisation Co. PLC (a)	340,000		11,361
Axis Shield PLC (a)	445,200		2,566,095
Big Yellow Group PLC	503,200		2,873,079
Blinkx PLC (a)	2,063,000		473,915
Bond International Software PLC	583,666		784,980
Cadogan Petroleum PLC (a)	1,406,300		293,688
Cairn Energy PLC (a)	85,900		3,438,575
Camco International Ltd. (a)	1,183,202		444,774
Centurion Electronics PLC (a)(d)	748,299		13
Ceres Power Holdings PLC (a)	445,000		1,680,223
China Goldmines PLC (a)	669,353		240,432
Connaught PLC	451,300		2,853,840
Corac Group PLC (a)	3,525,504		3,077,556
Craneware PLC	820,200		3,206,521
CSR PLC (a)	1,287,572		9,185,391
Datacash Group PLC	1,205,480		5,206,178
European Nickel PLC (a)	5,837,800		736,368
Evolution Group PLC	1,627,700		3,630,397
Faroe Petroleum PLC (a)	262,500		296,027
GoIndustry-DoveBid PLC (a)	1,466,500		38,589
IBS Group Holding Ltd. GDR (Reg. S) (a)	295,000		1,681,795
Ideal Shopping Direct PLC	234,592		299,829
IG Group Holdings PLC	1,152,589		5,796,148
Inchcape PLC	12,003,700		5,515,010
Inova Holding PLC (a)	1,443,461		24
Intec Telecom Systems PLC (a)	1,627,768		2,393,171
Jubilee Platinum PLC (a)	1,657,843		1,052,508
Keronite PLC (a)(f)	13,620,267		113,777
Landround PLC warrants 12/11/09 (a)(f)	166,666		3
Max Petroleum PLC (a)	2,509,220		1,089,960
Michael Page International PLC	258,710		1,304,244
Mothercare PLC	358,000		3,169,986
NCC Group Ltd.	237,815		1,364,786
Nviro Cleantech PLC (a)	2,175,000		236,195
Powerleague Group PLC	786,200		518,834
Pureprofile Media PLC (a)(f)	1,108,572		463,023
Pursuit Dynamics PLC (a)(c)	737,274		991,570
Redhall Group PLC	334,600		1,266,172
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Regenersis PLC (a)	815,000		$ 619,537
Renewable Energy Generation Ltd.	1,646,700		1,038,556
Royalblue Group PLC	192,742		3,889,930
Salamander Energy PLC (a)	697,300		2,324,133
SDL PLC (a)	1,090,562		6,522,767
Serco Group PLC	425,799		2,870,428
Silverdell PLC (a)	4,958,000		745,500
Sinclair Pharma PLC (a)	1,888,371		788,725
Sphere Medical Holding PLC (a)(f)	420,000		1,431,456
SR Pharma PLC (a)	2,861,900		1,099,717
Sthree PLC	2,707		9,656
Synergy Health PLC	370,802		3,046,386
Telecity Group PLC (a)	504,100		2,838,214
TMO Biotec (a)(f)	1,000,000		417,675
Travis Perkins PLC	380,900		5,183,231
Tullow Oil PLC	133,900		2,211,341
Unite Group PLC	379,010		797,847
Valiant Petroleum PLC (a)	151,700		1,387,612
Vectura Group PLC (a)	466,760		608,256
Wellstream Holdings PLC	220,300		2,004,061
William Hill PLC	1,298,800		3,981,776
Xchanging PLC	1,476,900		4,737,517
York Pharma PLC (a)	392,500		7
YouGov PLC (a)	1,652,554		1,435,679
Zenergy Power PLC (a)	674,480		1,408,567
ZincOx Resources PLC (a)	570,100		697,681
TOTAL UNITED KINGDOM			135,217,522
United States of America - 0.8%
CTC Media, Inc. (a)	420,400		5,196,144
Cyberview Technology, Inc. (a)	996,527		17
Frontera Resources Corp. (a)	1,157,200		130,500
TyraTech, Inc. (a)	191,500		127,976
XL TechGroup, Inc. (a)	1,329,250		22
TOTAL UNITED STATES OF AMERICA			5,454,659
TOTAL COMMON STOCKS (Cost $661,987,291)		628,770,718
Nonconvertible Preferred Stocks - 0.9%
	Shares		Value
Germany - 0.9%
Biotest AG (non-vtg.) (Cost $7,885,316)	97,800		$ 5,797,207
Investment Companies - 0.1%

United Kingdom - 0.1%
Brookwell Ltd. (a)(d) (Cost $3,306,265)	1,132,699		794,808
Money Market Funds - 7.5%

Fidelity Cash Central Fund, 0.37% (e)	28,624,487		28,624,487
Fidelity Securities Lending Cash Central Fund, 0.22% (b)(e)	21,531,425		21,531,425
TOTAL MONEY MARKET FUNDS (Cost $50,155,912)		50,155,912
TOTAL INVESTMENT PORTFOLIO - 103.1% (Cost $723,334,784)			685,518,645
NET OTHER ASSETS - (3.1)%			(20,796,970)
NET ASSETS - 100%		$ 664,721,675

Legend

(a) Non-income producing

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

(d) Affiliated company

Additional information on each holding is as follows:

Security	Acquisition Date	Acquisition Cost
AirSea Lines	8/4/06	$ 1,199,182
AirSea Lines warrants 8/4/11	8/4/06	$ 2
Appian Technology PLC warrants 7/11/09	2/18/05	$ 3
Security	Acquisition Date	Acquisition Cost
Buried Hill Energy (Cyprus) PCL	8/18/06	$ 2,141,700
Kalahari Energy	9/1/06	$ 1,813,750
Keronite PLC	8/16/06	$ 1,548,992
Landround PLC warrants 12/11/09	12/12/06	$ -
Pureprofile Media PLC	5/3/05 - 1/11/06	$ 1,173,341
Rock Well Petroleum, Inc.	4/13/06	$ 1,004,171
Sphere Medical Holding PLC	8/27/08	$ 1,310,083
TMO Biotec	10/27/05	$ 535,065

Other Affiliated Issuers

Affiliates	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Brookwell Ltd.	$ 1,450,926	$ 166,500	$ 280,008	$ 377,946	$ 794,808
Centurion Electronics PLC	12	-	-	-	13
CustomVis PLC	200,922	-	32,772	-	-
Cyberview Technology, Inc.	16	-	-	-	-
Teleunit SpA	457,711	-	52,094	-	-
Total	$ 2,109,587	$ 166,500	$ 364,874	$ 377,946	$ 794,821

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	$ 176,901
Fidelity Securities Lending Cash Central Fund	731,530
Total	$ 908,431

Other Information

The following is a summary of the inputs used, as of July 31, 2009, involving the Fund's assets and liabilities 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:
Equities:
Japan	$ 168,368,631	$ 168,368,631	$ -	$ -
United Kingdom	135,217,522	132,780,175	-	2,437,347
Australia	54,035,656	54,035,494	-	162
France	42,677,946	42,677,946	-	-
Germany	37,806,308	37,806,308	-	-
Netherlands	24,060,947	24,060,947	-	-
Canada	19,075,721	19,075,660	-	61
Hong Kong	19,075,024	19,075,024	-	-
Bermuda	18,092,374	18,055,832	1	36,541
Ireland	5,765,979	5,765,965	-	14
Cyprus	5,635,649	1,605,359	-	4,030,290
United States of America	5,454,659	5,454,620	-	39
British Virgin Islands	4,929,930	3,976,915	-	953,015
Other	94,371,579	91,740,649	2,630,930	-
Investment Companies	794,808	794,808	-	-
Money Market Funds	50,155,912	50,155,912	-	-
Total Investments in Securities:	$ 685,518,645	$ 675,430,245	$ 2,630,931	$ 7,457,469

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

Investments in Securities:
Australia
Beginning Balance	$ 132
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	29
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfer in/out of Level 3	1
Ending Balance	$ 162
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ 29
Bermuda
Beginning Balance	$ 1
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	(43,146)
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfer in/out of Level 3	79,686
Ending Balance	$ 36,541
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ (43,146)
British Virgin Islands
Beginning Balance	$ 1,813,750
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	(1,315,388)
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfer in/out of Level 3	454,653
Ending Balance	$ 953,015
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ (1,315,388)
Canada
Beginning Balance	$ 487,108
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	(487,047)
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfer in/out of Level 3	-
Ending Balance	$ 61
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ (487,047)
Cyprus
Beginning Balance	$ 4,906,440
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	(876,150)
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfer in/out of Level 3	-
Ending Balance	$ 4,030,290
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ (876,150)
Indonesia
Beginning Balance	$ 364,238
Total Realized Gain (Loss)	(1,622,168)
Total Unrealized Gain (Loss)	1,403,389
Cost of Purchases	-
Proceeds of Sales	(145,459)
Amortization/Accretion	-
Transfer in/out of Level 3	-
Ending Balance	$ -
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ -
Ireland
Beginning Balance	$ 14
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	-
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfer in/out of Level 3	-
Ending Balance	$ 14
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ -
United Kingdom
Beginning Balance	$ 7,207,158
Total Realized Gain (Loss)	(1,523,113)
Total Unrealized Gain (Loss)	(622,805)
Cost of Purchases	-
Proceeds of Sales	(2,935,996)
Amortization/Accretion	-
Transfer in/out of Level 3	312,103
Ending Balance	$ 2,437,347
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ (1,180,197)
United States of America
Beginning Balance	$ 37
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	162,218
Cost of Purchases	-
Proceeds of Sales	(162,216)
Amortization/Accretion	-
Transfer in/out of Level 3	-
Ending Balance	$ 39
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ 162,218

Income Tax Information

At July 31, 2009, the aggregate cost of investment securities for income tax purposes was $728,930,502. Net unrealized depreciation aggregated $43,411,857, of which $119,265,144 related to appreciated investment securities and $162,677,001 related to depreciated investment securities.

Investment Valuation

Quarterly Report

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

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

July 31, 2009

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

1.805999.105

AISC-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 94.6%
	Shares		Value
Australia - 8.1%
Allied Gold Ltd. (a)	2,565,540		$ 890,408
Allied Gold Ltd. (United Kingdom) (a)	5,293,600		1,813,024
ASX Ltd.	10,928		343,447
Austal Ltd.	109,280		257,722
Australian Worldwide Exploration Ltd.	440,507		983,617
Billabong International Ltd.	79,935		615,017
BlueScope Steel Ltd.	1,449,245		4,084,452
Centamin Egypt Ltd. (a)	3,606,944		5,287,921
Coal of Africa Ltd. (a)	2,406,504		3,377,259
David Jones Ltd.	1,322,659		5,685,558
Energy Resources of Australia Ltd.	63,801		1,349,926
Iress Market Technology Ltd. (c)	457,100		2,756,186
JB Hi-Fi Ltd.	424,442		5,998,838
Macquarie Group Ltd.	110,570		4,070,516
Monto Minerals Ltd. (a)	8,206,552		137
Monto Minerals Ltd. warrants 5/25/09 (a)	1,485,934		25
Navitas Ltd.	1,322,105		3,040,610
Newcrest Mining Ltd.	22,056		553,363
OZ Minerals Ltd.	2,675,018		2,505,572
Paladin Energy Ltd. (a)	136,133		519,147
Primary Health Care Ltd.	256,571		1,195,157
QBE Insurance Group Ltd.	104,925		1,711,101
Rio Tinto Ltd.	24,925		1,259,025
SAI Global Ltd.	1,521,435		3,626,272
Seek Ltd.	423,758		1,509,696
Stockland Corp. Ltd. unit	107,523		283,253
Tianshan Goldfields Ltd. (a)	944,712		70,316
Westfield Group unit	26,183		248,091
TOTAL AUSTRALIA			54,035,656
Austria - 0.6%
Andritz AG	90,800		3,979,441
Belgium - 0.2%
EVS Broadcast Equipment SA	7,700		446,659
Hansen Transmission International NV (a)	474,200		1,069,532
TOTAL BELGIUM			1,516,191
Bermuda - 2.7%
Aquarius Platinum Ltd. (Australia)	407,165		1,692,345
C C Land Holdings Ltd.	2,286,000		1,716,745
Dickson Concepts International Ltd.	2,584,500		1,367,310
GOME Electrical Appliances Holdings Ltd.	249,300		72,057
Common Stocks - continued
	Shares		Value
Bermuda - continued
K Wah International Holdings Ltd.	1,629,000		$ 670,530
Luk Fook Holdings International Ltd.	864,000		464,897
Oakley Capital Investments Ltd. (a)	1,252,400		1,569,289
Pacific Basin Shipping Ltd.	1,389,000		1,046,699
Peace Mark Holdings Ltd. (a)	788,000		1
PureCircle Ltd. (a)(c)	516,400		2,053,344
Seadrill Ltd.	118,300		1,898,372
Tai Fook Securities Group Ltd.	3,994,000		1,412,100
Vtech Holdings Ltd.	574,000		4,092,144
Zambezi Resources Ltd.:
CDI (a)	2,184,593		36,540
warrants 8/31/09 (a)	108,686		1
TOTAL BERMUDA			18,092,374
British Virgin Islands - 0.7%
Albidon Ltd. unit (a)	1,469,000		46,140
Kalahari Energy (a)(f)	1,451,000		906,875
Playtech Ltd. (c)	815,900		3,976,915
TOTAL BRITISH VIRGIN ISLANDS			4,929,930
Canada - 2.9%
AirSea Lines (a)(f)	1,893,338		27
AirSea Lines warrants 8/4/11 (a)(f)	1,862,300		27
European Goldfields Ltd. (a)	856,600		2,584,072
Moto Goldmines Ltd. (a)	84,900		397,963
Pacific Rubiales Energy Corp. (a)	505,000		5,399,916
Platmin Ltd. (a)	3,647,000		3,960,478
Red Back Mining, Inc. (a)	655,500		6,090,458
Rock Well Petroleum, Inc. (a)(f)	770,400		7
Starfield Resources, Inc. (a)	4,328,075		642,773
TOTAL CANADA			19,075,721
Cayman Islands - 1.9%
AAC Acoustic Technology Holdings, Inc.	910,000		878,314
China Metal International Holdings, Inc.	1,908,000		302,824
China Shanshui Cement Group Ltd.	370,000		240,624
China Shineway Pharmaceutical Group Ltd.	380,000		370,201
Eagle Nice (International) Holdings Ltd.	1,114,000		378,049
Haitian International Holdings Ltd.	380,000		124,054
International Consolidated Minerals, Inc. (a)	852,927		78,374
Kingboard Chemical Holdings Ltd.	22,500		71,421
Kingboard Laminates Holdings Ltd.	938,000		484,138
KWG Property Holding Ltd.	226,000		172,347
Common Stocks - continued
	Shares		Value
Cayman Islands - continued
Marwyn Value Investors II Ltd. (a)	1,911,200		$ 1,851,964
Orchid Developments Group Ltd. (a)	1,211,000		859,868
Pacific Textile Holdings Ltd.	4,958,000		1,778,517
Shimao Property Holdings Ltd.	539,500		1,084,590
Stella International Holdings Ltd.	134,000		221,666
Xingda International Holdings Ltd.	2,765,000		1,027,530
Xinyi Glass Holdings Co. Ltd.	1,350,000		1,175,829
Yip's Chemical Holdings Ltd.	2,112,000		1,163,666
TOTAL CAYMAN ISLANDS			12,263,976
China - 0.7%
Angang Steel Co. Ltd. (H Shares)	178,000		403,781
BBMG Corp. Class H	62,000		80,802
Golden Eagle Retail Group Ltd. (H Shares)	212,000		276,836
Shandong Chenming Paper Holdings Ltd. (B Shares)	1,620,900		1,259,098
Shenzhou International Group Holdings Ltd.	455,000		361,072
Weiqiao Textile Co. Ltd. (H Shares)	3,952,000		2,493,633
TOTAL CHINA			4,875,222
Cyprus - 0.9%
Buried Hill Energy (Cyprus) PCL (a)(f)	1,947,000		4,030,290
Mirland Development Corp. PLC (a)	784,400		1,605,359
TOTAL CYPRUS			5,635,649
Denmark - 1.1%
Genmab AS (a)	20,200		808,015
Vestas Wind Systems AS (a)	96,300		6,782,599
TOTAL DENMARK			7,590,614
Egypt - 0.2%
Talaat Moustafa Group Holding (a)	1,199,460		1,189,083
Finland - 1.1%
Nokian Tyres PLC	197,340		4,168,256
Talvivaara Mining Co. PLC (a)	476,900		2,993,814
TOTAL FINLAND			7,162,070
France - 6.4%
Altamir Amboise (a)	275,700		1,249,554
April Group	74,600		2,889,877
Audika SA	69,500		1,864,213
Boursorama (a)	48,800		450,698
Delachaux SA	49,500		3,205,081
Devoteam SA	41,900		853,967
Common Stocks - continued
	Shares		Value
France - continued
Faiveley SA	22,700		$ 1,908,837
Iliad Group SA	41,200		4,398,150
Laurent-Perrier Group	8,460		562,729
LeGuide.com SA (a)	85,700		2,027,589
Maisons France Confort	42,500		1,417,411
Meetic (a)(c)	222,700		7,093,961
Nexity	98,500		3,394,561
Sartorius Stedim Biotech	55,400		2,032,401
SeLoger.com (a)(c)	195,400		6,266,112
SR Teleperformance SA	96,800		3,062,805
TOTAL FRANCE			42,677,946
Germany - 4.8%
CompuGROUP Holding AG (a)	128,900		1,249,260
CTS Eventim AG	115,200		4,695,800
Delticom AG	141,300		3,776,022
ElringKlinger AG	189,600		3,637,261
KROMI Logistik AG (a)	118,200		1,455,534
Open Business Club AG (a)	2,450		99,518
Q-Cells SE (a)(c)	64,800		1,166,459
Rational AG (c)	24,400		2,990,745
Salzgitter AG	36,000		3,650,635
SMA Solar Technology AG	31,200		2,495,088
STRATEC Biomedical Systems AG (c)	38,810		1,038,243
United Internet AG (a)	228,800		2,918,570
Wirecard AG	263,550		2,835,966
TOTAL GERMANY			32,009,101
Greece - 0.4%
Babis Vovos International Technical SA (a)	154,400		902,240
Jumbo SA	150,400		1,639,836
TOTAL GREECE			2,542,076
Hong Kong - 2.9%
Chen Hsong Holdings Ltd.	1,324,000		398,062
China Everbright Ltd.	386,000		1,207,830
Chow Sang Sang Holdings International Ltd.	622,000		544,160
Dah Sing Financial Holdings Ltd.	110,800		506,116
Dynasty Fine Wines Group Ltd.	1,520,000		362,846
Fairwood Holdings Ltd.	1,059,000		975,665
Midland Holdings Ltd.	5,196,000		4,163,585
REXCAPITAL Financial Holdings Ltd. (a)	9,950,000		860,210
Sa Sa International Holdings Ltd.	1,200,000		560,527
Common Stocks - continued
	Shares		Value
Hong Kong - continued
Shun Tak Holdings Ltd.	5,646,000		$ 4,626,167
Singamas Container Holdings Ltd.	950,000		149,551
Techtronic Industries Co. Ltd.	3,585,500		2,974,866
Texwinca Holdings Ltd.	1,742,000		1,364,406
Tian An China Investments Co. Ltd.	649,000		381,033
TOTAL HONG KONG			19,075,024
India - 0.8%
Bajaj Auto Ltd.	14,751		376,833
Housing Development and Infrastructure Ltd.	158,735		919,219
Indiabulls Real Estate Ltd.	178,308		918,291
Maharashtra Seamless Ltd.	171,925		914,537
Patni Computer Systems Ltd.	202,804		1,533,805
Petronet LNG Ltd.	118,974		173,765
Tata Steel Ltd.	51,815		500,923
TOTAL INDIA			5,337,373
Indonesia - 0.2%
PT Astra International Tbk	142,000		419,205
PT Indocement Tunggal Prakarsa Tbk	1,008,000		944,527
TOTAL INDONESIA			1,363,732
Ireland - 0.9%
Dragon Oil PLC (a)	705,000		3,951,665
Kenmare Resources PLC warrants 12/31/09 (a)	1,712,500		135,901
Petroceltic International PLC (a)	9,132,800		1,678,399
Vimio PLC (a)	867,300		14
TOTAL IRELAND			5,765,979
Italy - 0.2%
Seldovia Native Association, Inc. (SNAI) (a)	311,490		1,331,853
Japan - 25.3%
ABC-Mart, Inc.	29,100		832,000
Aioi Insurance Co. Ltd.	251,000		1,193,848
Air Water, Inc.	217,000		2,406,014
Airport Facilities Co. Ltd.	168,800		920,630
Aozora Bank Ltd. (a)	384,000		531,699
ARCS Co. Ltd.	148,800		2,116,952
Arnest One Corp. (a)	397,000		1,833,728
Asahi Intecc Co. Ltd.	152,900		1,648,430
ASKUL Corp. (c)	36,600		674,669
Bank of Kyoto Ltd.	218,000		1,977,000
Common Stocks - continued
	Shares		Value
Japan - continued
Benesse Corp.	34,000		$ 1,473,417
C. Uyemura & Co. Ltd.	18,800		814,713
Central Glass Co. Ltd.	596,000		2,519,818
Chiba Bank Ltd.	248,000		1,609,470
Chiyoda Corp.	187,000		1,589,134
Create SD Holdings Co. Ltd.	48,200		1,044,393
Culture Convenience Club Co. Ltd. (c)	235,100		1,804,065
Daicel Chemical Industries Ltd.	330,000		2,103,266
Daido Steel Co. Ltd.	192,000		795,518
Daihen Corp.	443,000		1,479,632
Daikin Industries Ltd.	51,400		1,868,893
Daiseki Co. Ltd. (c)	99,830		2,184,210
Don Quijote Co. Ltd.	79,600		1,658,298
DTS Corp.	47,600		450,794
eAccess Ltd.	1,972		1,531,994
EPS Co. Ltd.	347		1,474,411
Exedy Corp.	101,500		2,397,764
Ferrotec Corp. (c)	74,600		841,330
FreeBit Co., Ltd. (c)	119		700,592
Fuji Oil Co. Ltd.	122,600		1,507,069
Fujikura Ltd.	236,000		1,249,720
Furukawa Electric Co. Ltd.	183,000		883,955
Hitachi Maxell Ltd. (c)	51,700		940,994
Hitachi Metals Ltd.	67,000		658,598
Hitachi Transport System Ltd.	123,900		1,572,814
Hoshizaki Electric Co. Ltd.	67,500		890,392
Ibiden Co. Ltd.	84,200		2,803,403
Inpex Corp.	200		1,530,494
Isetan Mitsukoshi Holdings Ltd.	97,600		1,034,698
Itochu Corp.	302,000		2,259,972
Joyo Bank Ltd.	205,000		1,044,393
JP-Holdings, Inc.	67,500		1,034,510
JTEKT Corp.	166,100		1,880,278
Jupiter Telecommunications Co.	2,298		1,930,990
kabu.com Securities Co. Ltd.	1,017		1,177,058
Kakaku.com, Inc.	399		1,606,796
Kandenko Co. Ltd.	155,000		1,028,855
Kansai Paint Co. Ltd.	137,000		1,057,076
Kenedix Realty Investment Corp.	453		1,517,820
Kinki Sharyo Co. Ltd.	177,000		1,388,162
Kissei Pharmaceutical Co. Ltd.	45,000		1,053,536
KOMERI Co. Ltd.	71,000		1,958,672
Common Stocks - continued
	Shares		Value
Japan - continued
Kuraray Co. Ltd.	213,500		$ 2,421,367
Maeda Corp.	210,000		663,672
Marui Group Co. Ltd.	116,000		832,512
McDonald's Holdings Co. (Japan) Ltd.	108,100		1,967,532
Meiko Electronics Co. Ltd.	89,800		2,021,710
Mitsubishi Materials Corp.	372,000		1,010,506
Mitsubishi UFJ Lease & Finance Co. Ltd.	72,270		2,215,231
Mitsui Chemicals, Inc.	260,000		953,599
Mitsumi Electric Co. Ltd.	28,300		698,452
mixi, Inc. (a)(c)	156		1,099,799
Mobilephone Telecommunications International Ltd.	782		1,799,402
Nabtesco Corp.	178,000		2,022,513
Nagaileben Co. Ltd.	7,400		149,862
NGK Insulators Ltd.	85,000		1,927,122
Nichi-iko Pharmaceutical Co. Ltd.	48,900		1,628,105
Nichicon Corp.	119,600		1,814,037
Nihon M&A Center, Inc. (c)	371		1,305,813
Nihon Nohyaku Co. Ltd.	169,000		1,562,995
Nippon Electric Glass Co. Ltd.	149,000		1,729,225
Nippon Signal Co. Ltd.	59,100		549,709
Nissay Dowa General Insurance Co. Ltd.	238,000		1,116,922
Nissin Kogyo Co. Ltd.	47,400		669,341
Nitta Corp.	12,200		184,012
NOF Corp.	194,000		867,371
Nomura Real Estate Residential Fund, Inc.	288		1,266,335
NS Solutions Corp.	62,900		1,120,911
NTT Urban Development Co.	1,685		1,595,772
Omron Corp.	65,600		1,063,634
Park24 Co. Ltd.	95,200		796,939
Pigeon Corp.	41,900		1,510,189
Point, Inc.	36,540		1,969,707
Rengo Co. Ltd.	161,000		1,010,823
Risa Partners, Inc. (c)	2,097		1,855,183
Roland DG Corp.	30,500		438,109
Saizeriya Co. Ltd.	143,400		2,273,544
Sankyu, Inc.	567,000		2,151,496
Santen Pharmaceutical Co. Ltd.	56,500		1,764,692
Sec Carbon Ltd.	80,000		639,256
Sega Sammy Holdings, Inc.	166,000		2,189,705
Sekisui Chemical Co. Ltd.	195,000		1,152,151
Seven Bank Ltd.	670		1,749,889
Shimadzu Corp.	169,000		1,311,130
Common Stocks - continued
	Shares		Value
Japan - continued
Shin Nippon Biomedical Laboratories Ltd. (c)	130,200		$ 452,762
Shin-Kobe Electric Machinery Co. Ltd. (c)	179,000		1,867,382
Shinsei Bank Ltd. (a)	355,000		525,314
SHO-BOND Holdings Co. Ltd.	120,900		2,287,401
So-net M3, Inc. (c)	367		1,303,372
SRI Sports Ltd.	918		711,229
Stanley Electric Co. Ltd.	115,300		2,393,502
Start Today Co. Ltd.	1,502		2,573,451
Sumitomo Rubber Industries Ltd.	192,300		1,670,760
Sumitomo Trust & Banking Co. Ltd.	320,000		1,752,035
Sysmex Corp.	49,500		1,899,218
Taiko Pharmaceutical Co. Ltd.	21,600		526,245
Taiyo Yuden Co. Ltd.	52,000		711,764
Takeei Corp.	87,100		1,344,107
The Suruga Bank Ltd.	221,000		2,349,921
Tocalo Co. Ltd.	49,100		893,152
Tokai Carbon Co. Ltd.	160,000		857,415
Tokyo Gas Co. Ltd.	140,000		513,476
Tokyo Ohka Kogyo Co. Ltd.	47,100		1,008,112
Tokyo Steel Manufacturing Co. Ltd.	53,000		588,204
Toyo Suisan Kaisha Ltd.	59,000		1,474,844
Tsumura & Co.	45,300		1,465,152
Unicharm Petcare Corp.	43,800		1,388,860
Weathernews, Inc.	34,500		568,862
Works Applications Co. Ltd.	1,308		942,877
Yamatake Corp.	135,700		2,983,363
Yamato Kogyo Co. Ltd.	30,300		944,773
Yokogawa Bridge Holdings Corp.	100,000		813,867
TOTAL JAPAN			168,368,631
Korea (South) - 0.1%
NCsoft Corp.	7,380		802,764
Luxembourg - 0.2%
GlobeOp Financial Services SA	657,185		1,317,551
Malaysia - 0.2%
Lafarge Malayan Cement Bhd	728,800		1,241,391
Netherlands - 3.6%
Brunel International NV	113,700		2,592,815
Gemalto NV (a)	139,689		5,216,204
James Hardie Industries NV unit	1,253,673		5,441,439
QIAGEN NV (a)	267,700		5,108,813
Common Stocks - continued
	Shares		Value
Netherlands - continued
SMARTRAC NV (a)	99,600		$ 1,692,102
Wavin NV (c)	2,182,500		4,009,574
TOTAL NETHERLANDS			24,060,947
Norway - 0.7%
IMAREX NOS ASA (a)	150,300		1,446,147
Norwegian Property ASA (a)	400,590		380,211
Renewable Energy Corp. AS (a)(c)	338,895		2,689,849
TOTAL NORWAY			4,516,207
Singapore - 1.1%
CapitaLand Ltd.	492,000		1,305,892
City Developments Ltd.	224,000		1,578,210
Pan-United Corp. Ltd.	691,000		261,670
Wing Tai Holdings Ltd.	3,275,000		3,936,736
TOTAL SINGAPORE			7,082,508
Spain - 0.9%
EDP Renovaveis SA (a)	344,000		3,532,020
Laboratorios Farmaceuticos ROVI SA	271,000		2,665,075
TOTAL SPAIN			6,197,095
Sweden - 1.0%
Countermine Technologies AB warrants 3/1/10 (a)	1,085,197		10,239
Elekta AB (B Shares) (c)	252,600		3,972,496
Intrum Justitia AB	208,800		2,155,366
XCounter AB (a)	1,108,000		240,648
TOTAL SWEDEN			6,378,749
Switzerland - 2.6%
Actelion Ltd. (Reg.) (a)	78,560		4,333,610
Basilea Pharmaceutica AG (a)	9,770		873,097
Logitech International SA (Reg.) (a)	155,599		2,620,691
Lonza Group AG	38,800		3,844,963
Panalpina Welttransport Holding AG	45,090		3,459,861
VZ Holding AG	43,510		2,218,963
TOTAL SWITZERLAND			17,351,185
Thailand - 0.1%
Supalai PCL (For. Reg.)	2,857,300		332,498
United Kingdom - 20.3%
Abcam PLC	314,200		3,937,005
Aberdeen Asset Management PLC	1,353,700		2,815,725
Common Stocks - continued
	Shares		Value
United Kingdom - continued
ACP Capital Ltd.	265,625		$ 135,353
Antisoma PLC (a)	2,230,000		1,089,756
Appian Technology PLC warrants 7/11/09 (a)(f)	479,045		8
ASOS PLC (a)(c)	1,179,600		6,848,383
Asset Realisation Co. PLC (a)	340,000		11,361
Axis Shield PLC (a)	445,200		2,566,095
Big Yellow Group PLC	503,200		2,873,079
Blinkx PLC (a)	2,063,000		473,915
Bond International Software PLC	583,666		784,980
Cadogan Petroleum PLC (a)	1,406,300		293,688
Cairn Energy PLC (a)	85,900		3,438,575
Camco International Ltd. (a)	1,183,202		444,774
Centurion Electronics PLC (a)(d)	748,299		13
Ceres Power Holdings PLC (a)	445,000		1,680,223
China Goldmines PLC (a)	669,353		240,432
Connaught PLC	451,300		2,853,840
Corac Group PLC (a)	3,525,504		3,077,556
Craneware PLC	820,200		3,206,521
CSR PLC (a)	1,287,572		9,185,391
Datacash Group PLC	1,205,480		5,206,178
European Nickel PLC (a)	5,837,800		736,368
Evolution Group PLC	1,627,700		3,630,397
Faroe Petroleum PLC (a)	262,500		296,027
GoIndustry-DoveBid PLC (a)	1,466,500		38,589
IBS Group Holding Ltd. GDR (Reg. S) (a)	295,000		1,681,795
Ideal Shopping Direct PLC	234,592		299,829
IG Group Holdings PLC	1,152,589		5,796,148
Inchcape PLC	12,003,700		5,515,010
Inova Holding PLC (a)	1,443,461		24
Intec Telecom Systems PLC (a)	1,627,768		2,393,171
Jubilee Platinum PLC (a)	1,657,843		1,052,508
Keronite PLC (a)(f)	13,620,267		113,777
Landround PLC warrants 12/11/09 (a)(f)	166,666		3
Max Petroleum PLC (a)	2,509,220		1,089,960
Michael Page International PLC	258,710		1,304,244
Mothercare PLC	358,000		3,169,986
NCC Group Ltd.	237,815		1,364,786
Nviro Cleantech PLC (a)	2,175,000		236,195
Powerleague Group PLC	786,200		518,834
Pureprofile Media PLC (a)(f)	1,108,572		463,023
Pursuit Dynamics PLC (a)(c)	737,274		991,570
Redhall Group PLC	334,600		1,266,172
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Regenersis PLC (a)	815,000		$ 619,537
Renewable Energy Generation Ltd.	1,646,700		1,038,556
Royalblue Group PLC	192,742		3,889,930
Salamander Energy PLC (a)	697,300		2,324,133
SDL PLC (a)	1,090,562		6,522,767
Serco Group PLC	425,799		2,870,428
Silverdell PLC (a)	4,958,000		745,500
Sinclair Pharma PLC (a)	1,888,371		788,725
Sphere Medical Holding PLC (a)(f)	420,000		1,431,456
SR Pharma PLC (a)	2,861,900		1,099,717
Sthree PLC	2,707		9,656
Synergy Health PLC	370,802		3,046,386
Telecity Group PLC (a)	504,100		2,838,214
TMO Biotec (a)(f)	1,000,000		417,675
Travis Perkins PLC	380,900		5,183,231
Tullow Oil PLC	133,900		2,211,341
Unite Group PLC	379,010		797,847
Valiant Petroleum PLC (a)	151,700		1,387,612
Vectura Group PLC (a)	466,760		608,256
Wellstream Holdings PLC	220,300		2,004,061
William Hill PLC	1,298,800		3,981,776
Xchanging PLC	1,476,900		4,737,517
York Pharma PLC (a)	392,500		7
YouGov PLC (a)	1,652,554		1,435,679
Zenergy Power PLC (a)	674,480		1,408,567
ZincOx Resources PLC (a)	570,100		697,681
TOTAL UNITED KINGDOM			135,217,522
United States of America - 0.8%
CTC Media, Inc. (a)	420,400		5,196,144
Cyberview Technology, Inc. (a)	996,527		17
Frontera Resources Corp. (a)	1,157,200		130,500
TyraTech, Inc. (a)	191,500		127,976
XL TechGroup, Inc. (a)	1,329,250		22
TOTAL UNITED STATES OF AMERICA			5,454,659
TOTAL COMMON STOCKS (Cost $661,987,291)		628,770,718
Nonconvertible Preferred Stocks - 0.9%
	Shares		Value
Germany - 0.9%
Biotest AG (non-vtg.) (Cost $7,885,316)	97,800		$ 5,797,207
Investment Companies - 0.1%

United Kingdom - 0.1%
Brookwell Ltd. (a)(d) (Cost $3,306,265)	1,132,699		794,808
Money Market Funds - 7.5%

Fidelity Cash Central Fund, 0.37% (e)	28,624,487		28,624,487
Fidelity Securities Lending Cash Central Fund, 0.22% (b)(e)	21,531,425		21,531,425
TOTAL MONEY MARKET FUNDS (Cost $50,155,912)		50,155,912
TOTAL INVESTMENT PORTFOLIO - 103.1% (Cost $723,334,784)			685,518,645
NET OTHER ASSETS - (3.1)%			(20,796,970)
NET ASSETS - 100%		$ 664,721,675

Legend

(a) Non-income producing

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

(d) Affiliated company

Additional information on each holding is as follows:

Security	Acquisition Date	Acquisition Cost
AirSea Lines	8/4/06	$ 1,199,182
AirSea Lines warrants 8/4/11	8/4/06	$ 2
Appian Technology PLC warrants 7/11/09	2/18/05	$ 3
Security	Acquisition Date	Acquisition Cost
Buried Hill Energy (Cyprus) PCL	8/18/06	$ 2,141,700
Kalahari Energy	9/1/06	$ 1,813,750
Keronite PLC	8/16/06	$ 1,548,992
Landround PLC warrants 12/11/09	12/12/06	$ -
Pureprofile Media PLC	5/3/05 - 1/11/06	$ 1,173,341
Rock Well Petroleum, Inc.	4/13/06	$ 1,004,171
Sphere Medical Holding PLC	8/27/08	$ 1,310,083
TMO Biotec	10/27/05	$ 535,065

Other Affiliated Issuers

Affiliates	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Brookwell Ltd.	$ 1,450,926	$ 166,500	$ 280,008	$ 377,946	$ 794,808
Centurion Electronics PLC	12	-	-	-	13
CustomVis PLC	200,922	-	32,772	-	-
Cyberview Technology, Inc.	16	-	-	-	-
Teleunit SpA	457,711	-	52,094	-	-
Total	$ 2,109,587	$ 166,500	$ 364,874	$ 377,946	$ 794,821

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	$ 176,901
Fidelity Securities Lending Cash Central Fund	731,530
Total	$ 908,431

Other Information

The following is a summary of the inputs used, as of July 31, 2009, involving the Fund's assets and liabilities 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:
Equities:
Japan	$ 168,368,631	$ 168,368,631	$ -	$ -
United Kingdom	135,217,522	132,780,175	-	2,437,347
Australia	54,035,656	54,035,494	-	162
France	42,677,946	42,677,946	-	-
Germany	37,806,308	37,806,308	-	-
Netherlands	24,060,947	24,060,947	-	-
Canada	19,075,721	19,075,660	-	61
Hong Kong	19,075,024	19,075,024	-	-
Bermuda	18,092,374	18,055,832	1	36,541
Ireland	5,765,979	5,765,965	-	14
Cyprus	5,635,649	1,605,359	-	4,030,290
United States of America	5,454,659	5,454,620	-	39
British Virgin Islands	4,929,930	3,976,915	-	953,015
Other	94,371,579	91,740,649	2,630,930	-
Investment Companies	794,808	794,808	-	-
Money Market Funds	50,155,912	50,155,912	-	-
Total Investments in Securities:	$ 685,518,645	$ 675,430,245	$ 2,630,931	$ 7,457,469

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

Investments in Securities:
Australia
Beginning Balance	$ 132
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	29
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfer in/out of Level 3	1
Ending Balance	$ 162
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ 29
Bermuda
Beginning Balance	$ 1
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	(43,146)
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfer in/out of Level 3	79,686
Ending Balance	$ 36,541
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ (43,146)
British Virgin Islands
Beginning Balance	$ 1,813,750
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	(1,315,388)
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfer in/out of Level 3	454,653
Ending Balance	$ 953,015
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ (1,315,388)
Canada
Beginning Balance	$ 487,108
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	(487,047)
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfer in/out of Level 3	-
Ending Balance	$ 61
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ (487,047)
Cyprus
Beginning Balance	$ 4,906,440
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	(876,150)
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfer in/out of Level 3	-
Ending Balance	$ 4,030,290
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ (876,150)
Indonesia
Beginning Balance	$ 364,238
Total Realized Gain (Loss)	(1,622,168)
Total Unrealized Gain (Loss)	1,403,389
Cost of Purchases	-
Proceeds of Sales	(145,459)
Amortization/Accretion	-
Transfer in/out of Level 3	-
Ending Balance	$ -
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ -
Ireland
Beginning Balance	$ 14
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	-
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfer in/out of Level 3	-
Ending Balance	$ 14
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ -
United Kingdom
Beginning Balance	$ 7,207,158
Total Realized Gain (Loss)	(1,523,113)
Total Unrealized Gain (Loss)	(622,805)
Cost of Purchases	-
Proceeds of Sales	(2,935,996)
Amortization/Accretion	-
Transfer in/out of Level 3	312,103
Ending Balance	$ 2,437,347
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ (1,180,197)
United States of America
Beginning Balance	$ 37
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	162,218
Cost of Purchases	-
Proceeds of Sales	(162,216)
Amortization/Accretion	-
Transfer in/out of Level 3	-
Ending Balance	$ 39
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ 162,218

Income Tax Information

Investment Valuation

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

July 31, 2009

1.834743.103

ILS-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.1%
	Shares		Value
Australia - 1.3%
Macquarie Airports unit	833,950		$ 1,736,607
Macquarie Group Ltd.	39,751		1,463,390
Macquarie Office Trust	4,467,644		878,028
OZ Minerals Ltd.	546,039		511,451
TOTAL AUSTRALIA			4,589,476
Austria - 0.5%
Andritz AG	39,800		1,744,292
Belgium - 1.3%
Gimv NV	29,800		1,492,907
Umicore SA	111,790		2,918,902
TOTAL BELGIUM			4,411,809
Bermuda - 3.0%
China Sports International Ltd.	3,326,000		404,426
Lazard Ltd. Class A	58,600		2,167,614
Northern Offshore Ltd. (a)	794,111		854,725
Ports Design Ltd.	2,066,000		5,326,384
Seadrill Ltd.	102,200		1,640,013
TOTAL BERMUDA			10,393,162
Brazil - 3.9%
Banco ABC Brasil SA	665,200		2,812,662
BM&F BOVESPA SA	519,200		3,350,036
BR Malls Participacoes SA (a)	35,500		369,078
Braskem SA Class A sponsored ADR (a)(c)	274,400		2,455,880
MRV Engenharia e Participacoes SA	214,700		3,653,122
Votorantim Celulose e Papel SA sponsored ADR (non-vtg.) (a)	39,700		593,118
TOTAL BRAZIL			13,233,896
Canada - 4.2%
Agnico-Eagle Mines Ltd. (Canada)	22,500		1,319,696
Eldorado Gold Corp. (a)	179,500		1,804,414
Fairfax Financial Holdings Ltd. (sub. vtg.)	12,090		3,680,809
Niko Resources Ltd.	30,300		2,134,654
Petrobank Energy & Resources Ltd. (a)	165,400		5,032,545
Quadra Mining Ltd. (a)	39,700		389,133
TOTAL CANADA			14,361,251
Cayman Islands - 0.3%
China Dongxiang Group Co. Ltd.	1,122,000		852,737
Common Stocks - continued
	Shares		Value
China - 0.6%
China Nepstar Chain Drugstore Ltd. ADR (c)	223,400		$ 1,322,528
China Zaino International Ltd.	844,000		149,541
Li Ning Co. Ltd.	207,000		685,117
TOTAL CHINA			2,157,186
Finland - 1.8%
Nokian Tyres PLC	136,000		2,872,620
Outotec Oyj	121,400		2,877,412
Poyry Oyj	39,018		556,104
TOTAL FINLAND			6,306,136
France - 2.8%
Audika SA	127,284		3,414,165
Laurent-Perrier Group	14,363		955,375
Remy Cointreau SA (c)	43,900		1,737,527
Saft Groupe SA (c)	93,396		3,643,293
TOTAL FRANCE			9,750,360
Germany - 4.5%
alstria office REIT-AG	109,678		876,947
Bilfinger Berger AG	31,000		1,625,925
Biotest AG	8,039		488,666
centrotherm photovoltaics AG (a)	50,600		2,619,313
DIC Asset AG	79,400		560,166
Software AG (Bearer)	66,900		5,005,834
Vossloh AG	37,600		4,361,105
TOTAL GERMANY			15,537,956
Greece - 0.6%
Terna Energy SA	256,451		1,992,012
India - 0.9%
Bharti Airtel Ltd.	158,063		1,355,392
Jyothy Laboratories Ltd.	83,429		181,424
Tata Steel Ltd.	148,922		1,439,709
TOTAL INDIA			2,976,525
Ireland - 0.3%
CRH PLC	44,851		1,070,725
Israel - 0.2%
Partner Communications Co. Ltd. ADR (c)	33,758		636,676
Italy - 1.2%
Azimut Holdings SpA	392,164		4,191,988
Common Stocks - continued
	Shares		Value
Japan - 22.3%
Alpen Co. Ltd.	12,600		$ 222,940
Autobacs Seven Co. Ltd.	103,300		3,526,678
Daikoku Denki Co. Ltd.	88,400		1,191,312
Denso Corp.	55,000		1,624,828
FCC Co. Ltd.	99,300		1,604,795
Fukuoka (REIT) Investment Fund	287		1,468,217
GCA Savvian Group Corp.	417		514,804
Glory Ltd.	38,100		785,276
Gunma Bank Ltd.	229,000		1,331,255
Japan Steel Works Ltd.	80,000		1,048,515
Kamigumi Co. Ltd.	145,000		1,209,227
Kobayashi Pharmaceutical Co. Ltd.	111,000		4,282,317
Meiko Network Japan Co. Ltd.	82,800		470,842
Miraial Co. Ltd.	16,600		347,931
Mitsubishi UFJ Financial Group, Inc. sponsored ADR	205,100		1,271,620
Nabtesco Corp.	99,000		1,124,881
Nagaileben Co. Ltd.	57,500		1,164,465
Nihon Parkerizing Co. Ltd.	109,000		1,246,570
Nippon Seiki Co. Ltd.	199,000		2,450,428
Nippon Thompson Co. Ltd.	826,000		3,981,144
Nitta Corp.	31,000		467,572
Nitto Kohki Co. Ltd.	34,800		723,146
Obic Co. Ltd.	10,840		1,850,396
Ohashi Technica, Inc.	50,000		312,863
ORIX Corp.	37,730		2,388,782
Osaka Securities Exchange Co. Ltd.	1,596		7,169,432
OSG Corp. (c)	213,500		1,961,014
Ozeki Co. Ltd.	21,300		636,006
Pal Co. Ltd.	17,350		337,427
Promise Co. Ltd. (c)	480,850		5,067,196
SAZABY, Inc.	36,800		545,718
SHIMANO, Inc.	29,800		1,222,112
SHO-BOND Holdings Co. Ltd.	86,400		1,634,669
Sompo Japan Insurance, Inc.	189,000		1,254,540
Sparx Group Co. Ltd. (a)	6,453		1,103,578
Sumitomo Mitsui Financial Group, Inc.	41,700		1,785,065
The Nippon Synthetic Chemical Industry Co. Ltd.	367,000		1,807,652
THK Co. Ltd.	99,900		1,640,890
Toho Holdings Co. Ltd.	131,600		1,773,491
Tsumura & Co.	161,000		5,207,272
Tsutsumi Jewelry Co. Ltd.	59,400		1,196,664
Common Stocks - continued
	Shares		Value
Japan - continued
USS Co. Ltd.	68,260		$ 4,271,210
Yamato Kogyo Co. Ltd.	43,700		1,362,594
TOTAL JAPAN			76,587,334
Korea (South) - 0.6%
NHN Corp. (a)	14,059		2,052,450
Luxembourg - 0.0%
GlobeOp Financial Services SA	42,300		84,805
Mexico - 0.7%
Cemex SA de CV sponsored ADR (a)	119,743		1,124,387
Desarrolladora Homex SAB de CV sponsored ADR (a)(c)	34,700		1,222,481
TOTAL MEXICO			2,346,868
Netherlands - 2.7%
Aalberts Industries NV	205,600		1,910,565
ASML Holding NV (NY Shares)	63,493		1,651,453
James Hardie Industries NV sponsored ADR	117,200		2,454,168
QIAGEN NV (a)	179,700		3,407,112
TOTAL NETHERLANDS			9,423,298
Norway - 0.5%
Det Norske Oljeselskap ASA (DNO) (A Shares) (a)(c)	819,000		1,001,721
Sevan Marine ASA (a)	546,000		712,335
TOTAL NORWAY			1,714,056
Papua New Guinea - 1.2%
Lihir Gold Ltd. sponsored ADR (a)(c)	101,400		2,394,054
Oil Search Ltd.	328,265		1,548,338
TOTAL PAPUA NEW GUINEA			3,942,392
Philippines - 0.5%
Jollibee Food Corp.	1,622,300		1,706,084
Singapore - 2.9%
Allgreen Properties Ltd.	1,961,000		1,635,075
Keppel Land Ltd.	397,000		733,755
Singapore Exchange Ltd.	943,000		5,713,563
Wing Tai Holdings Ltd.	1,490,000		1,791,064
TOTAL SINGAPORE			9,873,457
South Africa - 3.5%
African Rainbow Minerals Ltd.	260,000		4,404,923
Blue Financial Services Ltd. (a)	1,617,151		481,394
Common Stocks - continued
	Shares		Value
South Africa - continued
JSE Ltd.	281,781		$ 2,196,512
Mr. Price Group Ltd.	431,900		1,699,215
MTN Group Ltd.	192,400		3,173,608
TOTAL SOUTH AFRICA			11,955,652
Spain - 1.4%
Grifols SA	55,974		1,019,150
Prosegur Comp Securidad SA (Reg.)	110,809		3,845,608
TOTAL SPAIN			4,864,758
Sweden - 0.6%
Intrum Justitia AB	45,960		474,428
Swedish Match Co.	87,400		1,668,158
TOTAL SWEDEN			2,142,586
Switzerland - 3.5%
Actelion Ltd. (Reg.) (a)	32,150		1,773,492
Bank Sarasin & Co. Ltd.:
rights 9/15/09 (a)	206,306		189,192
Series B (Reg.)	191,411		6,242,150
Sonova Holding AG	41,996		3,703,853
TOTAL SWITZERLAND			11,908,687
Turkey - 2.5%
Albaraka Turk Katilim Bankasi AS	745,000		1,159,710
Anadolu Efes Biracilik ve Malt Sanyii AS	224,000		2,405,819
Asya Katilim Bankasi AS (a)	1,092,000		2,093,291
Coca-Cola Icecek AS	199,000		1,190,402
Tupras-Turkiye Petrol Rafinerileri AS	51,400		663,857
Turkiye Garanti Bankasi AS (a)	303,000		1,071,035
TOTAL TURKEY			8,584,114
United Kingdom - 16.5%
Aberdeen Asset Management PLC	542,100		1,127,580
Babcock International Group PLC	292,900		2,303,606
Begbies Traynor Group PLC	875,000		1,527,646
BlueBay Asset Management	72,577		293,436
Bovis Homes Group PLC	594,452		4,588,357
Cobham PLC	397,400		1,189,110
Derwent London PLC	119,200		1,921,773
Great Portland Estates PLC	716,189		2,781,948
H&T Group PLC	358,200		1,331,540
Informa PLC	1,001,860		4,012,953
Common Stocks - continued
	Shares		Value
United Kingdom - continued
InterContinental Hotel Group PLC ADR (c)	136,000		$ 1,539,520
Johnson Matthey PLC	133,100		3,148,762
Man Group PLC	233,600		1,080,088
Mothercare PLC	2,000		17,709
Persimmon PLC	384,609		2,893,155
Serco Group PLC	728,713		4,912,454
Shaftesbury PLC	609,032		3,362,870
Spectris PLC	153,884		1,432,014
Spirax-Sarco Engineering PLC	354,530		5,437,436
SSL International PLC	398,857		3,768,325
Ted Baker PLC	284,300		1,776,425
Ultra Electronics Holdings PLC	86,269		1,643,078
Unite Group PLC	898,600		1,891,627
Victrex PLC	240,382		2,618,472
TOTAL UNITED KINGDOM			56,599,884
United States of America - 11.3%
Advanced Energy Industries, Inc. (a)	480,219		5,777,035
Airgas, Inc.	36,800		1,640,544
Autoliv, Inc.	85,900		3,076,079
Broadpoint Gleacher Securities Group, Inc. (a)	77,900		485,317
CyberSource Corp. (a)	462,000		8,011,082
Dril-Quip, Inc. (a)	27,800		1,175,662
FMC Technologies, Inc. (a)	28,000		1,218,000
ION Geophysical Corp. (a)	193,589		520,754
Martin Marietta Materials, Inc.	14,900		1,282,443
Mohawk Industries, Inc. (a)(c)	95,000		4,900,100
Pricesmart, Inc.	399,040		6,508,342
Varian Semiconductor Equipment Associates, Inc. (a)	85,700		2,745,828
Visa, Inc. Class A	20,900		1,368,114
TOTAL UNITED STATES OF AMERICA			38,709,300
TOTAL COMMON STOCKS (Cost $273,940,142)		336,701,912
Investment Companies - 0.5%

United States of America - 0.5%
iShares MSCI EAFE Small Cap Index ETF (Cost $1,507,404)	50,000		1,625,500
Money Market Funds - 5.1%
	Shares		Value
Fidelity Cash Central Fund, 0.37% (d)	4,806,661		$ 4,806,661
Fidelity Securities Lending Cash Central Fund, 0.22% (b)(d)	12,636,141		12,636,141
TOTAL MONEY MARKET FUNDS (Cost $17,442,802)		17,442,802
TOTAL INVESTMENT PORTFOLIO - 103.7% (Cost $292,890,348)		355,770,214
NET OTHER ASSETS - (3.7)%		(12,771,247)
NET ASSETS - 100%		$ 342,998,967

Legend

(a) Non-income producing

(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	$ 22,875
Fidelity Securities Lending Cash Central Fund	437,280
Total	$ 460,155

Other Information

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

Income Tax Information

At July 31, 2009, the aggregate cost of investment securities for income tax purposes was $294,887,172. Net unrealized appreciation aggregated $60,883,042, of which $73,206,950 related to appreciated investment securities and $12,323,908 related to depreciated investment securities.

Investment Valuation

Quarterly Report

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

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

July 31, 2009

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

1.834740.103

AILS-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.1%
	Shares		Value
Australia - 1.3%
Macquarie Airports unit	833,950		$ 1,736,607
Macquarie Group Ltd.	39,751		1,463,390
Macquarie Office Trust	4,467,644		878,028
OZ Minerals Ltd.	546,039		511,451
TOTAL AUSTRALIA			4,589,476
Austria - 0.5%
Andritz AG	39,800		1,744,292
Belgium - 1.3%
Gimv NV	29,800		1,492,907
Umicore SA	111,790		2,918,902
TOTAL BELGIUM			4,411,809
Bermuda - 3.0%
China Sports International Ltd.	3,326,000		404,426
Lazard Ltd. Class A	58,600		2,167,614
Northern Offshore Ltd. (a)	794,111		854,725
Ports Design Ltd.	2,066,000		5,326,384
Seadrill Ltd.	102,200		1,640,013
TOTAL BERMUDA			10,393,162
Brazil - 3.9%
Banco ABC Brasil SA	665,200		2,812,662
BM&F BOVESPA SA	519,200		3,350,036
BR Malls Participacoes SA (a)	35,500		369,078
Braskem SA Class A sponsored ADR (a)(c)	274,400		2,455,880
MRV Engenharia e Participacoes SA	214,700		3,653,122
Votorantim Celulose e Papel SA sponsored ADR (non-vtg.) (a)	39,700		593,118
TOTAL BRAZIL			13,233,896
Canada - 4.2%
Agnico-Eagle Mines Ltd. (Canada)	22,500		1,319,696
Eldorado Gold Corp. (a)	179,500		1,804,414
Fairfax Financial Holdings Ltd. (sub. vtg.)	12,090		3,680,809
Niko Resources Ltd.	30,300		2,134,654
Petrobank Energy & Resources Ltd. (a)	165,400		5,032,545
Quadra Mining Ltd. (a)	39,700		389,133
TOTAL CANADA			14,361,251
Cayman Islands - 0.3%
China Dongxiang Group Co. Ltd.	1,122,000		852,737
Common Stocks - continued
	Shares		Value
China - 0.6%
China Nepstar Chain Drugstore Ltd. ADR (c)	223,400		$ 1,322,528
China Zaino International Ltd.	844,000		149,541
Li Ning Co. Ltd.	207,000		685,117
TOTAL CHINA			2,157,186
Finland - 1.8%
Nokian Tyres PLC	136,000		2,872,620
Outotec Oyj	121,400		2,877,412
Poyry Oyj	39,018		556,104
TOTAL FINLAND			6,306,136
France - 2.8%
Audika SA	127,284		3,414,165
Laurent-Perrier Group	14,363		955,375
Remy Cointreau SA (c)	43,900		1,737,527
Saft Groupe SA (c)	93,396		3,643,293
TOTAL FRANCE			9,750,360
Germany - 4.5%
alstria office REIT-AG	109,678		876,947
Bilfinger Berger AG	31,000		1,625,925
Biotest AG	8,039		488,666
centrotherm photovoltaics AG (a)	50,600		2,619,313
DIC Asset AG	79,400		560,166
Software AG (Bearer)	66,900		5,005,834
Vossloh AG	37,600		4,361,105
TOTAL GERMANY			15,537,956
Greece - 0.6%
Terna Energy SA	256,451		1,992,012
India - 0.9%
Bharti Airtel Ltd.	158,063		1,355,392
Jyothy Laboratories Ltd.	83,429		181,424
Tata Steel Ltd.	148,922		1,439,709
TOTAL INDIA			2,976,525
Ireland - 0.3%
CRH PLC	44,851		1,070,725
Israel - 0.2%
Partner Communications Co. Ltd. ADR (c)	33,758		636,676
Italy - 1.2%
Azimut Holdings SpA	392,164		4,191,988
Common Stocks - continued
	Shares		Value
Japan - 22.3%
Alpen Co. Ltd.	12,600		$ 222,940
Autobacs Seven Co. Ltd.	103,300		3,526,678
Daikoku Denki Co. Ltd.	88,400		1,191,312
Denso Corp.	55,000		1,624,828
FCC Co. Ltd.	99,300		1,604,795
Fukuoka (REIT) Investment Fund	287		1,468,217
GCA Savvian Group Corp.	417		514,804
Glory Ltd.	38,100		785,276
Gunma Bank Ltd.	229,000		1,331,255
Japan Steel Works Ltd.	80,000		1,048,515
Kamigumi Co. Ltd.	145,000		1,209,227
Kobayashi Pharmaceutical Co. Ltd.	111,000		4,282,317
Meiko Network Japan Co. Ltd.	82,800		470,842
Miraial Co. Ltd.	16,600		347,931
Mitsubishi UFJ Financial Group, Inc. sponsored ADR	205,100		1,271,620
Nabtesco Corp.	99,000		1,124,881
Nagaileben Co. Ltd.	57,500		1,164,465
Nihon Parkerizing Co. Ltd.	109,000		1,246,570
Nippon Seiki Co. Ltd.	199,000		2,450,428
Nippon Thompson Co. Ltd.	826,000		3,981,144
Nitta Corp.	31,000		467,572
Nitto Kohki Co. Ltd.	34,800		723,146
Obic Co. Ltd.	10,840		1,850,396
Ohashi Technica, Inc.	50,000		312,863
ORIX Corp.	37,730		2,388,782
Osaka Securities Exchange Co. Ltd.	1,596		7,169,432
OSG Corp. (c)	213,500		1,961,014
Ozeki Co. Ltd.	21,300		636,006
Pal Co. Ltd.	17,350		337,427
Promise Co. Ltd. (c)	480,850		5,067,196
SAZABY, Inc.	36,800		545,718
SHIMANO, Inc.	29,800		1,222,112
SHO-BOND Holdings Co. Ltd.	86,400		1,634,669
Sompo Japan Insurance, Inc.	189,000		1,254,540
Sparx Group Co. Ltd. (a)	6,453		1,103,578
Sumitomo Mitsui Financial Group, Inc.	41,700		1,785,065
The Nippon Synthetic Chemical Industry Co. Ltd.	367,000		1,807,652
THK Co. Ltd.	99,900		1,640,890
Toho Holdings Co. Ltd.	131,600		1,773,491
Tsumura & Co.	161,000		5,207,272
Tsutsumi Jewelry Co. Ltd.	59,400		1,196,664
Common Stocks - continued
	Shares		Value
Japan - continued
USS Co. Ltd.	68,260		$ 4,271,210
Yamato Kogyo Co. Ltd.	43,700		1,362,594
TOTAL JAPAN			76,587,334
Korea (South) - 0.6%
NHN Corp. (a)	14,059		2,052,450
Luxembourg - 0.0%
GlobeOp Financial Services SA	42,300		84,805
Mexico - 0.7%
Cemex SA de CV sponsored ADR (a)	119,743		1,124,387
Desarrolladora Homex SAB de CV sponsored ADR (a)(c)	34,700		1,222,481
TOTAL MEXICO			2,346,868
Netherlands - 2.7%
Aalberts Industries NV	205,600		1,910,565
ASML Holding NV (NY Shares)	63,493		1,651,453
James Hardie Industries NV sponsored ADR	117,200		2,454,168
QIAGEN NV (a)	179,700		3,407,112
TOTAL NETHERLANDS			9,423,298
Norway - 0.5%
Det Norske Oljeselskap ASA (DNO) (A Shares) (a)(c)	819,000		1,001,721
Sevan Marine ASA (a)	546,000		712,335
TOTAL NORWAY			1,714,056
Papua New Guinea - 1.2%
Lihir Gold Ltd. sponsored ADR (a)(c)	101,400		2,394,054
Oil Search Ltd.	328,265		1,548,338
TOTAL PAPUA NEW GUINEA			3,942,392
Philippines - 0.5%
Jollibee Food Corp.	1,622,300		1,706,084
Singapore - 2.9%
Allgreen Properties Ltd.	1,961,000		1,635,075
Keppel Land Ltd.	397,000		733,755
Singapore Exchange Ltd.	943,000		5,713,563
Wing Tai Holdings Ltd.	1,490,000		1,791,064
TOTAL SINGAPORE			9,873,457
South Africa - 3.5%
African Rainbow Minerals Ltd.	260,000		4,404,923
Blue Financial Services Ltd. (a)	1,617,151		481,394
Common Stocks - continued
	Shares		Value
South Africa - continued
JSE Ltd.	281,781		$ 2,196,512
Mr. Price Group Ltd.	431,900		1,699,215
MTN Group Ltd.	192,400		3,173,608
TOTAL SOUTH AFRICA			11,955,652
Spain - 1.4%
Grifols SA	55,974		1,019,150
Prosegur Comp Securidad SA (Reg.)	110,809		3,845,608
TOTAL SPAIN			4,864,758
Sweden - 0.6%
Intrum Justitia AB	45,960		474,428
Swedish Match Co.	87,400		1,668,158
TOTAL SWEDEN			2,142,586
Switzerland - 3.5%
Actelion Ltd. (Reg.) (a)	32,150		1,773,492
Bank Sarasin & Co. Ltd.:
rights 9/15/09 (a)	206,306		189,192
Series B (Reg.)	191,411		6,242,150
Sonova Holding AG	41,996		3,703,853
TOTAL SWITZERLAND			11,908,687
Turkey - 2.5%
Albaraka Turk Katilim Bankasi AS	745,000		1,159,710
Anadolu Efes Biracilik ve Malt Sanyii AS	224,000		2,405,819
Asya Katilim Bankasi AS (a)	1,092,000		2,093,291
Coca-Cola Icecek AS	199,000		1,190,402
Tupras-Turkiye Petrol Rafinerileri AS	51,400		663,857
Turkiye Garanti Bankasi AS (a)	303,000		1,071,035
TOTAL TURKEY			8,584,114
United Kingdom - 16.5%
Aberdeen Asset Management PLC	542,100		1,127,580
Babcock International Group PLC	292,900		2,303,606
Begbies Traynor Group PLC	875,000		1,527,646
BlueBay Asset Management	72,577		293,436
Bovis Homes Group PLC	594,452		4,588,357
Cobham PLC	397,400		1,189,110
Derwent London PLC	119,200		1,921,773
Great Portland Estates PLC	716,189		2,781,948
H&T Group PLC	358,200		1,331,540
Informa PLC	1,001,860		4,012,953
Common Stocks - continued
	Shares		Value
United Kingdom - continued
InterContinental Hotel Group PLC ADR (c)	136,000		$ 1,539,520
Johnson Matthey PLC	133,100		3,148,762
Man Group PLC	233,600		1,080,088
Mothercare PLC	2,000		17,709
Persimmon PLC	384,609		2,893,155
Serco Group PLC	728,713		4,912,454
Shaftesbury PLC	609,032		3,362,870
Spectris PLC	153,884		1,432,014
Spirax-Sarco Engineering PLC	354,530		5,437,436
SSL International PLC	398,857		3,768,325
Ted Baker PLC	284,300		1,776,425
Ultra Electronics Holdings PLC	86,269		1,643,078
Unite Group PLC	898,600		1,891,627
Victrex PLC	240,382		2,618,472
TOTAL UNITED KINGDOM			56,599,884
United States of America - 11.3%
Advanced Energy Industries, Inc. (a)	480,219		5,777,035
Airgas, Inc.	36,800		1,640,544
Autoliv, Inc.	85,900		3,076,079
Broadpoint Gleacher Securities Group, Inc. (a)	77,900		485,317
CyberSource Corp. (a)	462,000		8,011,082
Dril-Quip, Inc. (a)	27,800		1,175,662
FMC Technologies, Inc. (a)	28,000		1,218,000
ION Geophysical Corp. (a)	193,589		520,754
Martin Marietta Materials, Inc.	14,900		1,282,443
Mohawk Industries, Inc. (a)(c)	95,000		4,900,100
Pricesmart, Inc.	399,040		6,508,342
Varian Semiconductor Equipment Associates, Inc. (a)	85,700		2,745,828
Visa, Inc. Class A	20,900		1,368,114
TOTAL UNITED STATES OF AMERICA			38,709,300
TOTAL COMMON STOCKS (Cost $273,940,142)		336,701,912
Investment Companies - 0.5%

United States of America - 0.5%
iShares MSCI EAFE Small Cap Index ETF (Cost $1,507,404)	50,000		1,625,500
Money Market Funds - 5.1%
	Shares		Value
Fidelity Cash Central Fund, 0.37% (d)	4,806,661		$ 4,806,661
Fidelity Securities Lending Cash Central Fund, 0.22% (b)(d)	12,636,141		12,636,141
TOTAL MONEY MARKET FUNDS (Cost $17,442,802)		17,442,802
TOTAL INVESTMENT PORTFOLIO - 103.7% (Cost $292,890,348)		355,770,214
NET OTHER ASSETS - (3.7)%		(12,771,247)
NET ASSETS - 100%		$ 342,998,967

Legend

(a) Non-income producing

(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	$ 22,875
Fidelity Securities Lending Cash Central Fund	437,280
Total	$ 460,155

Other Information

Income Tax Information

Investment Valuation

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

July 31, 2009

1.834741.103

FIV-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.7%
	Shares		Value
Australia - 2.7%
AMP Ltd.	388,042		$ 1,823,800
Macquarie Airports unit	178,086		370,844
Macquarie Group Ltd.	36,204		1,332,811
Macquarie Infrastructure Group unit	593,083		719,193
Wesfarmers Ltd.	20,099		434,507
TOTAL AUSTRALIA			4,681,155
Bermuda - 0.7%
Seadrill Ltd.	80,900		1,298,210
Brazil - 0.5%
Itau Unibanco Banco Multiplo SA ADR	20,030		358,337
Petroleo Brasileiro SA - Petrobras sponsored ADR	12,000		494,880
TOTAL BRAZIL			853,217
Canada - 2.9%
Canadian Natural Resources Ltd.	9,600		577,060
First Quantum Minerals Ltd.	6,400		426,231
Petrobank Energy & Resources Ltd. (a)	21,100		641,999
Power Corp. of Canada (sub. vtg.)	24,600		690,494
Suncor Energy, Inc.	27,400		886,078
Toronto-Dominion Bank	32,300		1,892,099
TOTAL CANADA			5,113,961
Cayman Islands - 0.7%
Chaoda Modern Agriculture (Holdings) Ltd.	1,309,952		885,714
Subsea 7, Inc. (a)	30,000		347,459
TOTAL CAYMAN ISLANDS			1,233,173
China - 1.1%
China Merchants Bank Co. Ltd. (H Shares)	324,400		762,669
Industrial & Commercial Bank of China Ltd.	983,000		707,774
Nine Dragons Paper (Holdings) Ltd.	452,000		466,006
TOTAL CHINA			1,936,449
Denmark - 0.9%
Novo Nordisk AS Series B	11,892		699,878
Vestas Wind Systems AS (a)	11,900		838,140
TOTAL DENMARK			1,538,018
Finland - 0.6%
Nokia Corp. sponsored ADR	76,000		1,013,840
Common Stocks - continued
	Shares		Value
France - 10.7%
Accor SA	10,064		$ 429,594
AXA SA sponsored ADR	216,500		4,576,810
BNP Paribas SA	55,441		4,041,734
Compagnie de St. Gobain (c)	18,383		745,401
GDF Suez	8,189		312,851
Pernod Ricard SA	5,430		421,936
Sanofi-Aventis	6,400		418,720
Sanofi-Aventis sponsored ADR	32,000		1,044,480
Societe Generale Series A	23,640		1,517,866
Total SA:
Series B	5,400		299,477
sponsored ADR	42,200		2,348,430
Unibail-Rodamco (c)	11,072		1,934,673
Vivendi	26,527		681,482
TOTAL FRANCE			18,773,454
Germany - 12.2%
Allianz AG sponsored ADR	351,300		3,481,383
BASF AG	16,700		836,867
Daimler AG	95,700		4,445,265
Deutsche Bank AG	10,900		707,400
E.ON AG	152,700		5,780,404
GEA Group AG	11,600		189,963
GFK AG	21,800		503,341
Metro AG	8,200		474,845
Munich Re Group (Reg.)	32,100		4,853,673
TOTAL GERMANY			21,273,141
Greece - 0.4%
Hellenic Telecommunications Organization SA	45,749		717,241
Hong Kong - 3.3%
China Overseas Land & Investment Ltd.	272,038		671,157
CNOOC Ltd.	260,000		345,946
Hutchison Whampoa Ltd.	91,000		681,633
Swire Pacific Ltd. (A Shares)	320,300		3,597,762
Techtronic Industries Co. Ltd.	480,000		398,253
TOTAL HONG KONG			5,694,751
India - 0.4%
Infosys Technologies Ltd. sponsored ADR	8,200		352,846
Common Stocks - continued
	Shares		Value
India - continued
Satyam Computer Services Ltd. sponsored ADR	400		$ 2,016
Suzlon Energy Ltd.	177,784		370,995
TOTAL INDIA			725,857
Indonesia - 0.3%
PT Bank Rakyat Indonesia Tbk	618,000		454,551
Ireland - 1.0%
CRH PLC sponsored ADR (c)	68,800		1,701,424
Italy - 5.5%
ENI SpA sponsored ADR	58,000		2,701,640
Finmeccanica SpA	73,400		1,113,086
Intesa Sanpaolo SpA	745,500		2,775,844
UniCredit SpA	1,026,809		3,007,409
TOTAL ITALY			9,597,979
Japan - 18.8%
Denso Corp.	39,800		1,175,785
East Japan Railway Co.	28,900		1,658,672
Honda Motor Co. Ltd.	27,400		876,374
Japan Retail Fund Investment Corp.	156		783,215
JSR Corp.	31,400		566,202
KDDI Corp.	101		535,905
Konica Minolta Holdings, Inc.	67,000		732,956
Miraca Holdings, Inc.	41,000		1,024,892
Mitsubishi Estate Co. Ltd.	25,000		416,711
Mitsubishi UFJ Financial Group, Inc.	403,700		2,465,858
Mitsui & Co. Ltd.	350,400		4,396,203
Nippon Electric Glass Co. Ltd.	31,000		359,772
Obic Co. Ltd.	3,880		662,319
ORIX Corp.	11,840		749,621
Osaka Gas Co. Ltd.	904,000		3,009,830
Promise Co. Ltd.	37,450		394,648
Seven & i Holdings Co., Ltd.	35,700		837,692
Sumitomo Corp.	97,000		960,670
Sumitomo Metal Industries Ltd.	330,000		823,169
Tokuyama Corp.	91,000		688,680
Toyota Motor Corp.	142,800		5,994,742
USS Co. Ltd.	11,900		744,615
Xebio Co. Ltd.	51,600		1,120,791
Yamada Denki Co. Ltd.	30,170		1,887,817
TOTAL JAPAN			32,867,139
Common Stocks - continued
	Shares		Value
Korea (South) - 0.0%
Shinhan Financial Group Co. Ltd. (a)	5		$ 169
Luxembourg - 1.2%
ArcelorMittal SA:
(Netherlands)	17,800		640,579
(NY Shares) Class A	39,300		1,416,372
TOTAL LUXEMBOURG			2,056,951
Mexico - 0.3%
America Movil SAB de CV Series L sponsored ADR	13,900		597,839
Netherlands - 1.0%
Gemalto NV (a)	25,400		948,475
Koninklijke KPN NV	50,100		752,966
TOTAL NETHERLANDS			1,701,441
Norway - 1.5%
DnB Nor ASA (a)	194,200		1,689,288
Orkla ASA (A Shares)	107,950		854,523
TOTAL NORWAY			2,543,811
Philippines - 0.4%
Philippine Long Distance Telephone Co. sponsored ADR	13,600		716,312
Singapore - 1.5%
DBS Group Holdings Ltd.	182,000		1,755,253
United Overseas Bank Ltd.	78,000		958,199
TOTAL SINGAPORE			2,713,452
South Africa - 1.5%
Impala Platinum Holdings Ltd.	75,100		1,819,336
MTN Group Ltd.	47,600		785,155
TOTAL SOUTH AFRICA			2,604,491
Spain - 3.5%
Banco Bilbao Vizcaya Argentaria SA sponsored ADR (c)	38,816		638,135
Banco Santander SA	45,600		660,313
Banco Santander SA sponsored ADR	63,100		912,426
Iberdrola SA	160,600		1,377,949
Telefonica SA sponsored ADR	33,600		2,507,904
TOTAL SPAIN			6,096,727
Sweden - 0.3%
Telefonaktiebolaget LM Ericsson (B Shares)	53,600		527,615
Common Stocks - continued
	Shares		Value
Switzerland - 6.3%
EFG International	77,540		$ 957,777
Nestle SA (Reg.)	16,379		674,073
Roche Holding AG (participation certificate)	28,353		4,470,575
Transocean Ltd. (a)	24,339		1,939,575
Zurich Financial Services AG (Reg.)	15,415		3,029,196
TOTAL SWITZERLAND			11,071,196
Taiwan - 0.7%
Hon Hai Precision Industry Co. Ltd. (Foxconn)	200,100		689,159
Taiwan Semiconductor Manufacturing Co. Ltd.	294,464		528,617
TOTAL TAIWAN			1,217,776
Thailand - 0.2%
Siam Commercial Bank PCL (For. Reg.)	146,500		332,563
United Kingdom - 16.6%
Aberdeen Asset Management PLC	228,700		475,701
Aegis Group PLC	342,500		472,077
Anglo American PLC (United Kingdom)	30,595		986,521
BAE Systems PLC	125,300		642,670
BHP Billiton PLC	23,200		605,823
BP PLC sponsored ADR	10,100		505,404
easyJet PLC (a)	169,400		855,418
HSBC Holdings PLC:
(United Kingdom) (Reg.)	123,639		1,251,270
sponsored ADR	20,100		1,019,070
Imperial Tobacco Group PLC	6,300		180,090
Informa PLC	183,400		734,609
International Power PLC	66,777		284,768
Man Group PLC	534,800		2,472,735
Misys PLC	362,200		1,096,794
National Grid PLC	45,700		426,420
Prudential PLC	313,428		2,347,235
Rio Tinto PLC (Reg.)	39,802		1,657,918
Royal Dutch Shell PLC Class A sponsored ADR	83,900		4,416,496
Standard Chartered PLC (United Kingdom)	23,739		563,579
Tesco PLC	44,100		270,766
Vodafone Group PLC	372,400		765,768
Vodafone Group PLC sponsored ADR	214,312		4,410,541
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Wolseley PLC (a)	48,662		$ 1,088,602
WPP PLC	190,262		1,467,637
TOTAL UNITED KINGDOM			28,997,912
TOTAL COMMON STOCKS (Cost $206,974,010)		170,651,815
Nonconvertible Preferred Stocks - 0.8%

Italy - 0.8%
Telecom Italia SpA (Risparmio Shares) (Cost $1,733,290)	1,172,100		1,320,558
Money Market Funds - 3.2%

Fidelity Cash Central Fund, 0.37% (d)	2,273,683		2,273,683
Fidelity Securities Lending Cash Central Fund, 0.22% (b)(d)	3,365,856		3,365,856
TOTAL MONEY MARKET FUNDS (Cost $5,639,539)		5,639,539
TOTAL INVESTMENT PORTFOLIO - 101.7% (Cost $214,346,839)			177,611,912
NET OTHER ASSETS - (1.7)%			(2,952,666)
NET ASSETS - 100%		$ 174,659,246

Legend

(a) Non-income producing

(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	$ 7,118
Fidelity Securities Lending Cash Central Fund	172,014
Total	$ 179,132

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Japan	$ 32,867,139	$ 23,530,165	$ 9,336,974	$ -
United Kingdom	28,997,912	23,855,319	5,142,593	-
Germany	21,273,141	20,565,741	707,400	-
France	18,773,454	18,055,257	718,197	-
Switzerland	11,071,196	11,071,196	-	-
Italy	10,918,537	10,918,537	-	-
Spain	6,096,727	5,436,414	660,313	-
Hong Kong	5,694,751	5,348,805	345,946	-
Canada	5,113,961	5,113,961	-	-
Other	31,165,555	30,637,771	527,784	-
Money Market Funds	5,639,539	5,639,539	-	-
Total Investments in Securities	$ 177,611,912	$ 160,172,705	$ 17,439,207	$ -

Income Tax Information

At July 31, 2009, the aggregate cost of investment securities for income tax purposes was $215,441,794. Net unrealized depreciation aggregated $37,829,882, of which $13,281,093 related to appreciated investment securities and $51,110,975 related to depreciated investment securities.

Investment Valuation

Quarterly Report

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

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

July 31, 2009

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

1.834738.103

AFIV-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.7%
	Shares		Value
Australia - 2.7%
AMP Ltd.	388,042		$ 1,823,800
Macquarie Airports unit	178,086		370,844
Macquarie Group Ltd.	36,204		1,332,811
Macquarie Infrastructure Group unit	593,083		719,193
Wesfarmers Ltd.	20,099		434,507
TOTAL AUSTRALIA			4,681,155
Bermuda - 0.7%
Seadrill Ltd.	80,900		1,298,210
Brazil - 0.5%
Itau Unibanco Banco Multiplo SA ADR	20,030		358,337
Petroleo Brasileiro SA - Petrobras sponsored ADR	12,000		494,880
TOTAL BRAZIL			853,217
Canada - 2.9%
Canadian Natural Resources Ltd.	9,600		577,060
First Quantum Minerals Ltd.	6,400		426,231
Petrobank Energy & Resources Ltd. (a)	21,100		641,999
Power Corp. of Canada (sub. vtg.)	24,600		690,494
Suncor Energy, Inc.	27,400		886,078
Toronto-Dominion Bank	32,300		1,892,099
TOTAL CANADA			5,113,961
Cayman Islands - 0.7%
Chaoda Modern Agriculture (Holdings) Ltd.	1,309,952		885,714
Subsea 7, Inc. (a)	30,000		347,459
TOTAL CAYMAN ISLANDS			1,233,173
China - 1.1%
China Merchants Bank Co. Ltd. (H Shares)	324,400		762,669
Industrial & Commercial Bank of China Ltd.	983,000		707,774
Nine Dragons Paper (Holdings) Ltd.	452,000		466,006
TOTAL CHINA			1,936,449
Denmark - 0.9%
Novo Nordisk AS Series B	11,892		699,878
Vestas Wind Systems AS (a)	11,900		838,140
TOTAL DENMARK			1,538,018
Finland - 0.6%
Nokia Corp. sponsored ADR	76,000		1,013,840
Common Stocks - continued
	Shares		Value
France - 10.7%
Accor SA	10,064		$ 429,594
AXA SA sponsored ADR	216,500		4,576,810
BNP Paribas SA	55,441		4,041,734
Compagnie de St. Gobain (c)	18,383		745,401
GDF Suez	8,189		312,851
Pernod Ricard SA	5,430		421,936
Sanofi-Aventis	6,400		418,720
Sanofi-Aventis sponsored ADR	32,000		1,044,480
Societe Generale Series A	23,640		1,517,866
Total SA:
Series B	5,400		299,477
sponsored ADR	42,200		2,348,430
Unibail-Rodamco (c)	11,072		1,934,673
Vivendi	26,527		681,482
TOTAL FRANCE			18,773,454
Germany - 12.2%
Allianz AG sponsored ADR	351,300		3,481,383
BASF AG	16,700		836,867
Daimler AG	95,700		4,445,265
Deutsche Bank AG	10,900		707,400
E.ON AG	152,700		5,780,404
GEA Group AG	11,600		189,963
GFK AG	21,800		503,341
Metro AG	8,200		474,845
Munich Re Group (Reg.)	32,100		4,853,673
TOTAL GERMANY			21,273,141
Greece - 0.4%
Hellenic Telecommunications Organization SA	45,749		717,241
Hong Kong - 3.3%
China Overseas Land & Investment Ltd.	272,038		671,157
CNOOC Ltd.	260,000		345,946
Hutchison Whampoa Ltd.	91,000		681,633
Swire Pacific Ltd. (A Shares)	320,300		3,597,762
Techtronic Industries Co. Ltd.	480,000		398,253
TOTAL HONG KONG			5,694,751
India - 0.4%
Infosys Technologies Ltd. sponsored ADR	8,200		352,846
Common Stocks - continued
	Shares		Value
India - continued
Satyam Computer Services Ltd. sponsored ADR	400		$ 2,016
Suzlon Energy Ltd.	177,784		370,995
TOTAL INDIA			725,857
Indonesia - 0.3%
PT Bank Rakyat Indonesia Tbk	618,000		454,551
Ireland - 1.0%
CRH PLC sponsored ADR (c)	68,800		1,701,424
Italy - 5.5%
ENI SpA sponsored ADR	58,000		2,701,640
Finmeccanica SpA	73,400		1,113,086
Intesa Sanpaolo SpA	745,500		2,775,844
UniCredit SpA	1,026,809		3,007,409
TOTAL ITALY			9,597,979
Japan - 18.8%
Denso Corp.	39,800		1,175,785
East Japan Railway Co.	28,900		1,658,672
Honda Motor Co. Ltd.	27,400		876,374
Japan Retail Fund Investment Corp.	156		783,215
JSR Corp.	31,400		566,202
KDDI Corp.	101		535,905
Konica Minolta Holdings, Inc.	67,000		732,956
Miraca Holdings, Inc.	41,000		1,024,892
Mitsubishi Estate Co. Ltd.	25,000		416,711
Mitsubishi UFJ Financial Group, Inc.	403,700		2,465,858
Mitsui & Co. Ltd.	350,400		4,396,203
Nippon Electric Glass Co. Ltd.	31,000		359,772
Obic Co. Ltd.	3,880		662,319
ORIX Corp.	11,840		749,621
Osaka Gas Co. Ltd.	904,000		3,009,830
Promise Co. Ltd.	37,450		394,648
Seven & i Holdings Co., Ltd.	35,700		837,692
Sumitomo Corp.	97,000		960,670
Sumitomo Metal Industries Ltd.	330,000		823,169
Tokuyama Corp.	91,000		688,680
Toyota Motor Corp.	142,800		5,994,742
USS Co. Ltd.	11,900		744,615
Xebio Co. Ltd.	51,600		1,120,791
Yamada Denki Co. Ltd.	30,170		1,887,817
TOTAL JAPAN			32,867,139
Common Stocks - continued
	Shares		Value
Korea (South) - 0.0%
Shinhan Financial Group Co. Ltd. (a)	5		$ 169
Luxembourg - 1.2%
ArcelorMittal SA:
(Netherlands)	17,800		640,579
(NY Shares) Class A	39,300		1,416,372
TOTAL LUXEMBOURG			2,056,951
Mexico - 0.3%
America Movil SAB de CV Series L sponsored ADR	13,900		597,839
Netherlands - 1.0%
Gemalto NV (a)	25,400		948,475
Koninklijke KPN NV	50,100		752,966
TOTAL NETHERLANDS			1,701,441
Norway - 1.5%
DnB Nor ASA (a)	194,200		1,689,288
Orkla ASA (A Shares)	107,950		854,523
TOTAL NORWAY			2,543,811
Philippines - 0.4%
Philippine Long Distance Telephone Co. sponsored ADR	13,600		716,312
Singapore - 1.5%
DBS Group Holdings Ltd.	182,000		1,755,253
United Overseas Bank Ltd.	78,000		958,199
TOTAL SINGAPORE			2,713,452
South Africa - 1.5%
Impala Platinum Holdings Ltd.	75,100		1,819,336
MTN Group Ltd.	47,600		785,155
TOTAL SOUTH AFRICA			2,604,491
Spain - 3.5%
Banco Bilbao Vizcaya Argentaria SA sponsored ADR (c)	38,816		638,135
Banco Santander SA	45,600		660,313
Banco Santander SA sponsored ADR	63,100		912,426
Iberdrola SA	160,600		1,377,949
Telefonica SA sponsored ADR	33,600		2,507,904
TOTAL SPAIN			6,096,727
Sweden - 0.3%
Telefonaktiebolaget LM Ericsson (B Shares)	53,600		527,615
Common Stocks - continued
	Shares		Value
Switzerland - 6.3%
EFG International	77,540		$ 957,777
Nestle SA (Reg.)	16,379		674,073
Roche Holding AG (participation certificate)	28,353		4,470,575
Transocean Ltd. (a)	24,339		1,939,575
Zurich Financial Services AG (Reg.)	15,415		3,029,196
TOTAL SWITZERLAND			11,071,196
Taiwan - 0.7%
Hon Hai Precision Industry Co. Ltd. (Foxconn)	200,100		689,159
Taiwan Semiconductor Manufacturing Co. Ltd.	294,464		528,617
TOTAL TAIWAN			1,217,776
Thailand - 0.2%
Siam Commercial Bank PCL (For. Reg.)	146,500		332,563
United Kingdom - 16.6%
Aberdeen Asset Management PLC	228,700		475,701
Aegis Group PLC	342,500		472,077
Anglo American PLC (United Kingdom)	30,595		986,521
BAE Systems PLC	125,300		642,670
BHP Billiton PLC	23,200		605,823
BP PLC sponsored ADR	10,100		505,404
easyJet PLC (a)	169,400		855,418
HSBC Holdings PLC:
(United Kingdom) (Reg.)	123,639		1,251,270
sponsored ADR	20,100		1,019,070
Imperial Tobacco Group PLC	6,300		180,090
Informa PLC	183,400		734,609
International Power PLC	66,777		284,768
Man Group PLC	534,800		2,472,735
Misys PLC	362,200		1,096,794
National Grid PLC	45,700		426,420
Prudential PLC	313,428		2,347,235
Rio Tinto PLC (Reg.)	39,802		1,657,918
Royal Dutch Shell PLC Class A sponsored ADR	83,900		4,416,496
Standard Chartered PLC (United Kingdom)	23,739		563,579
Tesco PLC	44,100		270,766
Vodafone Group PLC	372,400		765,768
Vodafone Group PLC sponsored ADR	214,312		4,410,541
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Wolseley PLC (a)	48,662		$ 1,088,602
WPP PLC	190,262		1,467,637
TOTAL UNITED KINGDOM			28,997,912
TOTAL COMMON STOCKS (Cost $206,974,010)		170,651,815
Nonconvertible Preferred Stocks - 0.8%

Italy - 0.8%
Telecom Italia SpA (Risparmio Shares) (Cost $1,733,290)	1,172,100		1,320,558
Money Market Funds - 3.2%

Fidelity Cash Central Fund, 0.37% (d)	2,273,683		2,273,683
Fidelity Securities Lending Cash Central Fund, 0.22% (b)(d)	3,365,856		3,365,856
TOTAL MONEY MARKET FUNDS (Cost $5,639,539)		5,639,539
TOTAL INVESTMENT PORTFOLIO - 101.7% (Cost $214,346,839)			177,611,912
NET OTHER ASSETS - (1.7)%			(2,952,666)
NET ASSETS - 100%		$ 174,659,246

Legend

(a) Non-income producing

(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	$ 7,118
Fidelity Securities Lending Cash Central Fund	172,014
Total	$ 179,132

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Japan	$ 32,867,139	$ 23,530,165	$ 9,336,974	$ -
United Kingdom	28,997,912	23,855,319	5,142,593	-
Germany	21,273,141	20,565,741	707,400	-
France	18,773,454	18,055,257	718,197	-
Switzerland	11,071,196	11,071,196	-	-
Italy	10,918,537	10,918,537	-	-
Spain	6,096,727	5,436,414	660,313	-
Hong Kong	5,694,751	5,348,805	345,946	-
Canada	5,113,961	5,113,961	-	-
Other	31,165,555	30,637,771	527,784	-
Money Market Funds	5,639,539	5,639,539	-	-
Total Investments in Securities	$ 177,611,912	$ 160,172,705	$ 17,439,207	$ -

Income Tax Information

Investment Valuation

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.

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or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Japan Fund -
Japan Fund
Class F

July 31, 2009

1.804854.105

JPN-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.3%
	Shares		Value
CONSUMER DISCRETIONARY - 22.7%
Auto Components - 5.1%
Bridgestone Corp.	288,700		$ 5,016,624
Denso Corp.	515,500		15,229,072
NGK Spark Plug Co. Ltd.	204,000		2,251,094
NOK Corp.	364,400		4,471,709
Stanley Electric Co. Ltd.	933,500		19,378,437
Toyoda Gosei Co. Ltd.	150,500		4,660,871
			51,007,807
Automobiles - 7.6%
Honda Motor Co. Ltd.	623,900		19,955,111
Toyota Motor Corp.	984,400		41,325,119
Yamaha Motor Co. Ltd.	1,211,300		15,082,035
			76,362,265
Hotels, Restaurants & Leisure - 0.4%
Saizeriya Co. Ltd. (b)	236,600		3,751,189
Household Durables - 2.3%
Haseko Corp.	1,600,000		1,522,038
Sekisui House Ltd.	1,911,000		18,017,249
Sony Corp.	144,300		4,022,720
			23,562,007
Leisure Equipment & Products - 1.9%
Nikon Corp.	947,000		19,038,093
Media - 1.9%
Fuji Media Holdings, Inc.	11,674		18,669,022
Multiline Retail - 1.4%
Isetan Mitsukoshi Holdings Ltd.	596,840		6,327,349
Marui Group Co. Ltd.	237,800		1,706,650
Takashimaya Co. Ltd.	670,000		5,523,729
			13,557,728
Specialty Retail - 2.1%
Nishimatsuya Chain Co. Ltd.	576,300		5,896,400
Yamada Denki Co. Ltd.	239,950		15,014,311
			20,910,711
TOTAL CONSUMER DISCRETIONARY			226,858,822
CONSUMER STAPLES - 1.9%
Beverages - 0.4%
Coca-Cola West Co. Ltd.	187,700		3,676,230
Food & Staples Retailing - 1.3%
Seven & i Holdings Co., Ltd.	566,300		13,288,088
Personal Products - 0.2%
Kose Corp.	101,100		2,064,530
TOTAL CONSUMER STAPLES			19,028,848
FINANCIALS - 26.4%
Capital Markets - 2.3%
Daiwa Securities Group, Inc.	923,000		5,463,270

	Shares		Value
Matsui Securities Co. Ltd. (b)	672,800		$ 6,421,503
Nomura Holdings, Inc.	1,307,000		11,453,159
			23,337,932
Commercial Banks - 12.9%
Chiba Bank Ltd.	983,000		6,379,473
Mitsubishi UFJ Financial Group, Inc.	5,972,400		36,480,285
Mizuho Financial Group, Inc.	14,792,800		33,616,446
Sumitomo Mitsui Financial Group, Inc.	841,200		36,009,512
Sumitomo Trust & Banking Co. Ltd.	3,043,000		16,660,754
			129,146,470
Consumer Finance - 3.6%
Credit Saison Co. Ltd.	607,100		7,931,250
ORIX Corp.	388,800		24,615,917
Promise Co. Ltd. (b)	343,050		3,615,060
			36,162,227
Insurance - 4.3%
Sompo Japan Insurance, Inc.	2,843,000		18,871,197
Sony Financial Holdings, Inc.	1,227		3,783,066
T&D Holdings, Inc.	682,950		20,067,656
			42,721,919
Real Estate Investment Trusts - 1.3%
Japan Real Estate Investment Corp.	855		7,157,383
Nomura Real Estate Office Fund, Inc.	922		6,061,558
			13,218,941
Real Estate Management & Development - 2.0%
Leopalace21 Corp.	238,400		2,043,573
Mitsubishi Estate Co. Ltd.	1,075,000		17,918,560
			19,962,133
TOTAL FINANCIALS			264,549,622
HEALTH CARE - 1.1%
Pharmaceuticals - 1.1%
Astellas Pharma, Inc.	137,400		5,242,723
Daiichi Sankyo Kabushiki Kaisha	322,100		5,855,745
			11,098,468
INDUSTRIALS - 16.2%
Air Freight & Logistics - 0.6%
Yamato Holdings Co. Ltd.	420,000		6,246,063
Building Products - 2.7%
Asahi Glass Co. Ltd.	1,516,000		13,171,462
Daikin Industries Ltd.	386,000		14,034,880
			27,206,342
Electrical Equipment - 2.1%
Mitsubishi Electric Corp.	1,439,000		10,555,607
Sumitomo Electric Industries Ltd.	828,200		10,320,767
			20,876,374
Machinery - 5.4%
Daifuku Co. Ltd.	327,500		2,256,950
Fanuc Ltd.	58,300		4,787,982
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Machinery - continued
JTEKT Corp.	536,600		$ 6,074,396
Kubota Corp.	1,871,000		16,849,085
NGK Insulators Ltd.	390,000		8,842,088
NSK Ltd.	1,109,000		6,013,286
THK Co. Ltd.	314,200		5,160,837
Toshiba Machine Co. Ltd.	1,143,000		4,192,168
			54,176,792
Marine - 0.2%
Mitsui O.S.K. Lines Ltd.	369,000		2,250,428
Road & Rail - 1.0%
East Japan Railway Co.	164,700		9,452,711
Trading Companies & Distributors - 2.8%
Mitsubishi Corp.	507,400		10,136,201
Mitsui & Co. Ltd.	785,800		9,858,837
Sumitomo Corp.	804,100		7,963,658
			27,958,696
Transportation Infrastructure - 1.4%
The Sumitomo Warehouse Co. Ltd.	3,362,000		14,249,677
TOTAL INDUSTRIALS			162,417,083
INFORMATION TECHNOLOGY - 18.6%
Computers & Peripherals - 0.7%
Fujitsu Ltd.	1,095,000		7,198,922
Electronic Equipment & Components - 8.2%
Fujifilm Holdings Corp.	30,500		980,813
Horiba Ltd.	283,300		6,692,480
Ibiden Co. Ltd.	290,000		9,655,427
Kyocera Corp.	17,900		1,436,489
Nidec Sankyo Corp.	265,000		1,697,389
Nippon Electric Glass Co. Ltd.	1,733,000		20,112,398
Yamatake Corp.	550,000		12,091,745
Yaskawa Electric Corp.	2,028,000		14,426,001
Yokogawa Electric Corp.	1,884,000		14,775,689
			81,868,431
Internet Software & Services - 0.2%
Yahoo! Japan Corp. (b)	7,758		2,546,093
IT Services - 0.6%
NTT Data Corp.	1,701		5,735,324
Office Electronics - 7.7%
Canon, Inc.	1,629,400		60,404,415
Konica Minolta Holdings, Inc.	1,026,500		11,229,547
Ricoh Co. Ltd.	402,000		5,277,286
			76,911,248

	Shares		Value
Semiconductors & Semiconductor Equipment - 1.2%
ROHM Co. Ltd.	66,200		$ 4,925,991
Tokyo Electron Ltd.	135,000		7,077,476
			12,003,467
TOTAL INFORMATION TECHNOLOGY			186,263,485
MATERIALS - 5.4%
Chemicals - 4.6%
JSR Corp.	923,800		16,657,888
Nissan Chemical Industries Co. Ltd.	480,000		6,463,587
Nitto Denko Corp.	461,900		14,890,550
Shin-Etsu Chemical Co., Ltd.	92,800		5,002,431
Zeon Corp.	695,000		2,901,649
			45,916,105
Metals & Mining - 0.8%
Sumitomo Metal Industries Ltd.	3,028,000		7,553,197
TOTAL MATERIALS			53,469,302
TELECOMMUNICATION SERVICES - 4.0%
Wireless Telecommunication Services - 4.0%
KDDI Corp.	1,678		8,903,456
NTT DoCoMo, Inc.	21,521		31,085,054
			39,988,510
TOTAL COMMON STOCKS (Cost $1,089,658,923)		963,674,140
Money Market Funds - 4.0%

Fidelity Cash Central Fund, 0.37% (c)	29,983,660		29,983,660
Fidelity Securities Lending Cash Central Fund, 0.22% (a)(c)	10,343,213		10,343,213
TOTAL MONEY MARKET FUNDS (Cost $40,326,873)		40,326,873

TOTAL INVESTMENT PORTFOLIO - 100.3%

(Cost $1,129,985,796)

1,004,001,013

NET OTHER ASSETS - (0.3)%

(2,753,581)

NET ASSETS - 100%

$ 1,001,247,432

Legend

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

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

(c) 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.

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	$ 212,593
Fidelity Securities Lending Cash Central Fund	355,994
Total	$ 568,587

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 226,858,822	$ 161,555,872	$ 65,302,950	$ -
Consumer Staples	19,028,848	19,028,848	-	-
Financials	264,549,622	216,616,178	47,933,444	-
Health Care	11,098,468	11,098,468	-	-
Industrials	162,417,083	162,417,083	-	-
Information Technology	186,263,485	123,441,768	62,821,717	-
Materials	53,469,302	53,469,302	-	-
Telecommunication Services	39,988,510	8,903,456	31,085,054	-
Money Market Funds	40,326,873	40,326,873	-	-
Total Investments in Securities:	$ 1,004,001,013	$ 796,857,848	$ 207,143,165	$ -

Income Tax Information

At July 31, 2009, the aggregate cost of investment securities for income tax purposes was $1,171,511,983. Net unrealized depreciation aggregated $167,510,970, of which $60,394,644 related to appreciated investment securities and $227,905,614 related to depreciated investment securities.

Investment Valuation

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Japan Smaller Companies Fund

July 31, 2009

1.804823.105

JSC-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.0%
	Shares		Value
CONSUMER DISCRETIONARY - 38.5%
Auto Components - 12.8%
Aisin Seiki Co. Ltd.	64,700		$ 1,665,199
Calsonic Kansei Corp.	1,577,000		3,883,744
Koito Manufacturing Co. Ltd.	689,000		10,122,714
Nippon Seiki Co. Ltd.	261,000		3,213,878
NOK Corp.	27,200		333,783
Stanley Electric Co. Ltd.	1,044,500		21,682,676
Toyoda Gosei Co. Ltd.	329,500		10,204,365
			51,106,359
Automobiles - 3.2%
Isuzu Motors Ltd.	1,489,000		2,659,772
Nissan Motor Co. Ltd.	1,202,600		8,727,398
Yachiyo Industry Co. Ltd.	165,400		1,522,708
			12,909,878
Diversified Consumer Services - 0.0%
Meiko Network Japan Co. Ltd.	13,600		77,336
Hotels, Restaurants & Leisure - 0.6%
Accordia Golf Co. Ltd.	447		352,932
Kappa Create Co. Ltd.	77,000		1,810,855
Pacific Golf Group International Holdings KK	605		344,673
			2,508,460
Household Durables - 6.6%
Arnest One Corp. (a)(c)	1,046,300		4,832,820
Goldcrest Co. Ltd.	75,660		1,811,330
Haseko Corp.	7,813,000		7,432,301
Sanyo Electric Co. Ltd. (a)	752,000		1,685,065
Sony Corp.	378,000		10,537,687
			26,299,203
Internet & Catalog Retail - 4.0%
Rakuten, Inc.	16,618		10,679,361
Start Today Co. Ltd.	2,986		5,116,062
			15,795,423
Leisure Equipment & Products - 0.2%
Aruze Corp.	37,000		293,309
SHIMANO, Inc.	6,900		282,972
			576,281
Media - 2.3%
Cookpad, Inc.	2,600		692,527
CyberAgent, Inc.	7,136		6,750,576
Opt, Inc.	449		669,632
Tokyo Broadcasting System Holding	68,200		1,071,910
			9,184,645
Multiline Retail - 2.6%
J Front Retailing Co. Ltd.	460,000		2,557,446

	Shares		Value
Ryohin Keikaku Co. Ltd.	183,200		$ 7,609,935
Zakkaya Bulldog Co. Ltd.	64,900		284,679
			10,452,060
Specialty Retail - 6.0%
Alpen Co. Ltd.	82,200		1,454,421
Bookoff Corp.	73,200		836,372
Megane TOP Co. Ltd.	687,590		10,378,168
Point, Inc.	204,550		11,026,371
			23,695,332
Textiles, Apparel & Luxury Goods - 0.2%
Japan Vilene Co. Ltd.	171,000		919,977
TOTAL CONSUMER DISCRETIONARY			153,524,954
CONSUMER STAPLES - 3.6%
Beverages - 0.9%
Kirin Holdings Co. Ltd.	238,000		3,562,076
Household Products - 2.7%
Pigeon Corp.	300,800		10,841,644
TOTAL CONSUMER STAPLES			14,403,720
FINANCIALS - 24.9%
Capital Markets - 6.9%
Daiwa Securities Group, Inc.	239,000		1,414,650
JAFCO Co. Ltd.	178,300		6,256,801
Nomura Holdings, Inc.	1,830,000		16,036,175
SBI Holdings, Inc.	19,045		3,850,870
			27,558,496
Commercial Banks - 2.7%
Mizuho Financial Group, Inc.	2,906,600		6,605,211
Shinsei Bank Ltd. (a)(c)	2,798,000		4,140,366
			10,745,577
Consumer Finance - 6.0%
Credit Saison Co. Ltd.	129,300		1,689,196
ORIX Corp. (c)	353,360		22,372,121
			24,061,317
Diversified Financial Services - 4.1%
Japan Securities Finance Co. Ltd.	513,400		4,270,646
Osaka Securities Exchange Co. Ltd.	2,715		12,196,121
			16,466,767
Insurance - 2.1%
Aioi Insurance Co. Ltd.	716,000		3,405,560
Fuji Fire & Marine Insurance Co. Ltd. (a)	2,623,000		3,160,575
T&D Holdings, Inc.	55,350		1,626,393
			8,192,528
Real Estate Investment Trusts - 1.4%
Kenedix Realty Investment Corp.	1,144		3,833,083
Nippon Commercial Investment Corp.	320		570,595
ORIX JREIT, Inc.	240		1,182,116
			5,585,794
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Real Estate Management & Development - 1.7%
Airport Facilities Co. Ltd.	189,900		$ 1,035,709
Nomura Real Estate Holdings, Inc.	76,000		1,336,687
Shoei Co.	330,000		2,633,443
Toc Co. Ltd.	123,100		506,140
Toho Real Estate Co. Ltd.	37,300		190,817
Tokyo Tatemono Co. Ltd.	226,000		1,108,382
			6,811,178
TOTAL FINANCIALS			99,421,657
HEALTH CARE - 0.7%
Biotechnology - 0.7%
Sosei Group Corp. (a)(c)	1,689		2,674,265
INDUSTRIALS - 12.0%
Air Freight & Logistics - 0.1%
Kintetsu World Express, Inc.	12,200		297,875
Building Products - 8.2%
Asahi Glass Co. Ltd.	64,000		556,051
Daikin Industries Ltd.	654,900		23,812,028
Nichias Corp.	1,208,000		3,919,839
Nippon Sheet Glass Co. Ltd.	1,193,000		3,568,534
Shinko Kogyo Co. Ltd.	246,000		876,250
			32,732,702
Commercial Services & Supplies - 0.3%
Nissha Printing Co. Ltd.	20,500		1,120,230
Construction & Engineering - 0.1%
Yahagi Construction Co. Ltd.	55,000		359,264
Electrical Equipment - 1.1%
Fuji Electric Holdings Co. Ltd.	601,000		1,054,497
Furukawa Electric Co. Ltd.	224,000		1,082,000
Mitsubishi Electric Corp.	322,000		2,361,991
			4,498,488
Machinery - 2.2%
HIRANO TECSEED Co. Ltd.	144,000		1,558,567
Kinki Sharyo Co. Ltd.	58,000		454,878
Meidensha Corp. (c)	274,000		1,642,089
Miura Co. Ltd.	64,500		1,557,790
Nitta Corp.	203,900		3,075,418
Toshiba Machine Co. Ltd.	133,000		487,803
			8,776,545
TOTAL INDUSTRIALS			47,785,104

	Shares		Value
INFORMATION TECHNOLOGY - 10.1%
Computers & Peripherals - 1.7%
Mutoh Holdings Co. Ltd. (a)	287,000		$ 476,260
Toshiba Corp.	1,405,000		6,237,184
			6,713,444
Electronic Equipment & Components - 3.7%
Citizen Holdings Co. Ltd.	942,700		5,121,528
Horiba Ltd.	59,800		1,412,673
Omron Corp.	59,000		956,622
Origin Electric Co. Ltd.	339,000		1,046,274
TDK Corp.	24,400		1,284,346
V Technology Co. Ltd. (c)	713		4,958,820
			14,780,263
Internet Software & Services - 3.7%
Access Co. Ltd. (a)(c)	310		907,948
GMO Internet, Inc.	320,800		1,352,914
Kakaku.com, Inc.	2,006		8,078,279
mixi, Inc. (a)(c)	623		4,392,147
			14,731,288
IT Services - 0.8%
CAC Corp.	77,500		583,236
IT Holdings Corp.	107,800		2,176,282
SBI VeriTrans Co., Ltd.	595		354,698
			3,114,216
Semiconductors & Semiconductor Equipment - 0.2%
Shinko Electric Industries Co.Ltd.	56,000		883,712
TOTAL INFORMATION TECHNOLOGY			40,222,923
MATERIALS - 8.2%
Chemicals - 3.2%
Ishihara Sangyo Kaisha Ltd. (a)	3,695,000		4,061,727
JSR Corp.	230,900		4,163,570
Mitsubishi Rayon Co. Ltd.	571,000		1,563,143
Mitsui Chemicals, Inc.	235,000		861,907
Tanaka Chemical Corp. (c)	21,600		399,535
The Nippon Synthetic Chemical Industry Co. Ltd.	192,000		945,693
Ube Industries Ltd.	230,000		666,103
			12,661,678
Metals & Mining - 5.0%
Nippon Yakin Kogyo Co. Ltd.	800,000		4,126,414
Sumitomo Metal Mining Co. Ltd.	665,000		10,016,119
Tokyo Rope Manufacturing Co. Ltd.	671,000		2,106,405
Toyo Kohan Co. Ltd.	337,000		1,307,251
Yamato Kogyo Co. Ltd.	72,900		2,273,068
			19,829,257
TOTAL MATERIALS			32,490,935
TOTAL COMMON STOCKS (Cost $323,398,697)		390,523,558
Money Market Funds - 10.1%
	Shares		Value
Fidelity Cash Central Fund, 0.37% (d)	8,061,201		$ 8,061,201
Fidelity Securities Lending Cash Central Fund, 0.22% (b)(d)	32,056,241		32,056,241
TOTAL MONEY MARKET FUNDS (Cost $40,117,442)		40,117,442

TOTAL INVESTMENT PORTFOLIO - 108.1%

(Cost $363,516,139)

430,641,000

NET OTHER ASSETS - (8.1)%			(32,198,829)
NET ASSETS - 100%		$ 398,442,171

Legend

(a) Non-income producing

(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	$ 26,923
Fidelity Securities Lending Cash Central Fund	617,487
Total	$ 644,410

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 153,524,954	$ 134,259,869	$ 19,265,085	$ -
Consumer Staples	14,403,720	14,403,720	-	-
Financials	99,421,657	83,385,482	16,036,175	-
Health Care	2,674,265	2,674,265	-	-
Industrials	47,785,104	47,785,104	-	-
Information Technology	40,222,923	40,222,923	-	-
Materials	32,490,935	32,490,935	-	-
Money Market Funds	40,117,442	40,117,442	-	-
Total Investments in Securities:	$ 430,641,000	$ 395,339,740	$ 35,301,260	$ -

Income Tax Information

At July 31, 2009, the aggregate cost of investment securities for income tax purposes was $372,686,468. Net unrealized appreciation aggregated $57,954,532, of which $76,801,868 related to appreciated investment securities and $18,847,336 related to depreciated investment securities.

Investment Valuation

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Latin America Fund

July 31, 2009

1.804841.105

LAF-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 92.1%
	Shares		Value
Bermuda - 1.4%
Dufry South America Ltd. unit	2,522,682		$ 37,177,789
GP Investments, Ltd. unit (a)	2,633,825		11,785,873
TOTAL BERMUDA			48,963,662
Brazil - 63.8%
AES Tiete SA (PN) (non-vtg.)	5,416,200		58,922,219
America Latina Logistica SA unit	2,505,700		15,818,406
Banco Bradesco SA:
(PN)	2,102,900		33,008,543
(PN) sponsored ADR	4,879,600		76,951,292
Companhia de Bebidas das Americas (AmBev):
(PN) sponsored ADR	1,172,726		82,477,820
sponsored ADR	66,745		3,823,821
Companhia de Saneamento de Minas Gerais (a)	61,112		834,804
Companhia Energetica de Minas Gerais (CEMIG):
(PN)	450,800		6,460,017
(PN) sponsored ADR (non-vtg.)	3,494,700		49,904,316
Confab Industrial SA (PN) (non-vtg.)	2,514,600		7,910,344
Eletropaulo Metropolitana SA (PN-B)	2,100,060		39,311,413
Equatorial Energia SA	3,540,723		31,877,892
Gerdau SA sponsored ADR (c)	4,630,300		54,035,601
GVT Holding SA (a)	1,357,100		26,261,994
Itau Unibanco Banco Multiplo SA	3,663,489		65,436,275
Itau Unibanco Banco Multiplo SA ADR	9,284,057		166,091,780
Lojas Americanas SA (PN)	1,414,100		7,881,372
Net Servicos de Comunicacao SA:
sponsored ADR	1,180,600		11,994,896
(PN) (a)	5,633,600		57,513,441
OGX Petroleo e Gas Participacoes SA	53,000		33,799,571
Petroleo Brasileiro SA - Petrobras:
(ON)	388,200		7,992,842
(PN) (non-vtg.)	5,890,360		99,245,937
(PN) sponsored ADR (non-vtg.)	7,853,700		264,669,690
sponsored ADR	5,593,520		230,676,765
Redecard SA	1,300,900		19,360,125
Souza Cruz Industria Comerico	1,093,500		37,211,817
TAM SA (PN) sponsored ADR (ltd. vtg.) (a)	3,393,000		41,699,970
Tele Norte Leste Participacoes SA:
(ON)	667,700		12,058,676
sponsored ADR (non-vtg.)	2,060,000		31,703,400
TIM Participacoes SA	5,839,900		12,956,691
TIM Participacoes SA sponsored ADR (non-vtg.) (c)	650,200		14,317,404
Tractebel Energia SA	3,366,200		34,924,776
Usinas Siderurgicas de Minas Gerais SA - Usiminas:
(ON)	505,875		12,359,508
(PN-A) (non-vtg.)	2,248,350		53,377,227

	Shares		Value
Vale SA:
(PN-A)	1,402,500		$ 24,239,349
(PN-A) sponsored ADR	13,569,500		233,395,400
sponsored ADR (c)	5,886,400		116,138,672
Vivo Participacoes SA:
(PN)	717,986		16,325,909
sponsored ADR	4,334,000		98,685,180
Votorantim Celulose e Papel SA:
(PN) (non-vtg.) (a)	96,565		1,437,608
sponsored ADR (non-vtg.) (a)(c)	2,267,950		33,883,173
TOTAL BRAZIL			2,226,975,936
Canada - 2.1%
Jaguar Mining, Inc. (a)	1,022,400		8,521,977
Pan American Silver Corp. (a)	1,181,800		23,293,280
Yamana Gold, Inc.	4,328,600		41,263,027
TOTAL CANADA			73,078,284
Chile - 4.4%
Banco Santander Chile sponsored ADR	637,075		31,286,753
CAP SA	2,214,226		51,483,158
Empresa Nacional de Electricidad SA	3,903,537		6,406,692
Empresa Nacional de Electricidad SA sponsored ADR (c)	743,399		36,649,571
Enersis SA sponsored ADR	185,900		3,567,421
Vina Concha y Toro SA	4,173,121		8,638,565
Vina Concha y Toro SA sponsored ADR (c)	408,450		16,991,520
TOTAL CHILE			155,023,680
Luxembourg - 0.6%
Millicom International Cellular SA (a)	305,850		22,678,778
Mexico - 16.5%
America Movil SAB de CV:
Series L	2,463,900		5,281,218
Series L sponsored ADR	6,629,856		285,150,104
Fomento Economico Mexicano SAB de CV sponsored ADR	1,540,695		59,470,827
Grupo Aeroportuario del Pacifico SA de CV sponsored ADR	2,529,974		70,611,574
Grupo Mexico SA de CV Series B	19,418,414		27,478,576
Grupo Televisa SA de CV (CPO) sponsored ADR	1,920,900		34,749,081
Industrias Penoles SA de CV	963,790		15,331,323
Wal-Mart de Mexico SA de CV Series V (c)	23,112,716		78,659,619
TOTAL MEXICO			576,732,322
Panama - 0.6%
Copa Holdings SA Class A	526,700		21,352,418
Peru - 2.3%
Compania de Minas Buenaventura SA sponsored ADR	3,045,952		79,347,050
Common Stocks - continued
	Shares		Value
United Kingdom - 0.4%
Fresnillo PLC	1,252,278		$ 13,065,669
TOTAL COMMON STOCKS (Cost $2,140,389,209)		3,217,217,799
Money Market Funds - 9.8%

Fidelity Cash Central Fund, 0.37% (d)	254,419,430		254,419,430
Fidelity Securities Lending Cash Central Fund, 0.22% (b)(d)	88,931,550		88,931,550
TOTAL MONEY MARKET FUNDS (Cost $343,350,980)		343,350,980

TOTAL INVESTMENT PORTFOLIO - 101.9%

(Cost $2,483,740,189)

3,560,568,779

NET OTHER ASSETS - (1.9)%			(67,621,265)
NET ASSETS - 100%		$ 3,492,947,514

Legend

(a) Non-income producing

(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	$ 655,888
Fidelity Securities Lending Cash Central Fund	343,780
Total	$ 999,668

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Brazil	$ 2,226,975,936	$ 2,226,141,132	$ 834,804	$ -
Mexico	576,732,322	576,732,322	-	-
Chile	155,023,680	155,023,680	-	-
Peru	79,347,050	79,347,050	-	-
Canada	73,078,284	73,078,284	-	-
Bermuda	48,963,662	48,963,662	-	-
Luxembourg	22,678,778	22,678,778	-	-
Panama	21,352,418	21,352,418	-	-
United Kingdom	13,065,669	13,065,669	-	-
Money Market Funds	343,350,980	343,350,980	-	-
Total Investments in Securities:	$ 3,560,568,779	$ 3,559,733,975	$ 834,804	$ -

Income Tax Information

At July 31, 2009, the aggregate cost of investment securities for income tax purposes was $2,493,643,082. Net unrealized appreciation aggregated $1,066,925,697, of which $1,208,666,920 related to appreciated investment securities and $141,741,223 related to depreciated investment securities.

Investment Valuation

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Nordic Fund

July 31, 2009

1.804855.105

NOR-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.8%
	Shares		Value
Bermuda - 3.4%
Golden Ocean Group Ltd. (c)	1,178,100		$ 1,335,268
Northern Offshore Ltd. (a)	1,340,000		1,442,282
Seadrill Ltd. (c)	483,300		7,755,562
TOTAL BERMUDA			10,533,112
Denmark - 21.2%
A.P. Moller - Maersk AS:
Series A	513		3,102,605
Series B	477		2,967,042
Carlsberg AS Series B	97,700		6,778,359
Coloplast AS Series B	19,100		1,400,084
Danske Bank AS (a)	796,400		16,576,107
Genmab AS (a)	31,800		1,272,024
Novo Nordisk AS Series B	377,190		22,198,688
Novozymes AS Series B	16,200		1,455,703
Sydbank AS (a)	62,930		1,589,841
Vestas Wind Systems AS (a)	82,400		5,803,594
William Demant Holding AS (a)	48,900		2,910,659
TOTAL DENMARK			66,054,706
Finland - 21.8%
Fortum Oyj	321,900		7,455,305
Kone Oyj (B Shares)	154,660		5,261,644
Neste Oil Oyj (c)	83,400		1,179,149
Nokia Corp.	2,396,850		32,228,073
Nokian Tyres PLC	159,700		3,373,216
Outokumpu Oyj (A Shares)	163,000		3,194,342
Sampo Oyj (A Shares)	434,700		9,076,498
Stora Enso Oyj (R Shares)	514,800		3,272,385
UPM-Kymmene Corp.	253,700		2,657,657
TOTAL FINLAND			67,698,269
Germany - 0.7%
MAN AG	33,700		2,329,500
Iceland - 0.1%
Ossur hf (a)	441,370		295,572
Norway - 15.8%
DnB Nor ASA (a)	1,480,500		12,878,427
Norsk Hydro ASA (a)	755,200		4,433,696
Orkla ASA (A Shares)	347,200		2,748,406
Pronova BioPharma ASA (a)(c)	466,300		1,452,447
Sevan Marine ASA (a)	580,000		756,692
StatoilHydro ASA	705,196		15,065,465
Storebrand ASA (A Shares) (a)	480,000		2,602,761
Telenor ASA (a)	743,700		6,857,329
Yara International ASA	75,300		2,333,189
TOTAL NORWAY			49,128,412
Sweden - 36.3%
Assa Abloy AB (B Shares)	261,200		4,306,797
Atlas Copco AB (A Shares)	467,600		5,571,950
Electrolux AB (B Shares) (a)	268,700		5,026,153

	Shares		Value
H&M Hennes & Mauritz AB (B Shares)	210,316		$ 12,501,550
Intrum Justitia AB	100,600		1,038,457
Investor AB (B Shares)	377,200		6,715,975
Lundin Petroleum AB (a)	231,200		2,047,024
Modern Times Group MTG AB (B Shares)	46,650		1,738,754
Nordea Bank AB	384,900		3,733,191
Rezidor Hotel Group AB (a)	702,000		1,799,464
Sandvik AB (c)	538,900		5,133,519
Scania AB (B Shares)	473,500		5,543,843
Skandinaviska Enskilda Banken AB (A Shares) (a)	664,600		3,711,074
Skanska AB (B Shares) (c)	399,674		5,607,060
SKF AB (B Shares)	558,900		8,382,939
SSAB Svenskt Stal AB:
(A Shares) (c)	215,800		2,825,644
(B Shares)	53,400		638,167
Svenska Cellulosa AB (SCA) (B Shares)	166,000		2,133,321
Svenska Handelsbanken AB (A Shares)	341,100		8,341,818
TELE2 AB (B Shares)	142,050		1,911,150
Telefonaktiebolaget LM Ericsson (B Shares)	1,279,000		12,589,927
TeliaSonera AB (c)	790,000		5,068,067
Volvo AB (B Shares) (c)	871,000		6,366,121
TOTAL SWEDEN			112,731,965
United States of America - 0.5%
Autoliv, Inc.	44,600		1,597,126
TOTAL COMMON STOCKS (Cost $275,095,852)		310,368,662
Money Market Funds - 6.7%

Fidelity Cash Central Fund, 0.37% (d)	288,314		288,314
Fidelity Securities Lending Cash Central Fund, 0.22% (b)(d)	20,395,030		20,395,030
TOTAL MONEY MARKET FUNDS (Cost $20,683,344)		20,683,344

TOTAL INVESTMENT PORTFOLIO - 106.5%

(Cost $295,779,196)

331,052,006

NET OTHER ASSETS - (6.5)%

(20,179,928)

NET ASSETS - 100%

$ 310,872,078

Legend

(a) Non-income producing

(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	$ 29,921
Fidelity Securities Lending Cash Central Fund	748,723
Total	$ 778,644

Other Information

The following is a summary of the inputs used, as of July 31, 2009, involving the Fund's assets and liabilities 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:
Equities:
Sweden	$ 112,731,965	$ 100,142,038	$ 12,589,927	$ -
Finland	67,698,269	35,470,196	32,228,073	-
Denmark	66,054,706	66,054,706	-	-
Norway	49,128,412	49,128,412	-	-
Bermuda	10,533,112	10,533,112	-	-
Germany	2,329,500	2,329,500	-	-
United States of America	1,597,126	1,597,126	-	-
Iceland	295,572	-	-	295,572
Money Market Funds	20,683,344	20,683,344	-	-
Total Investments in Securities:	$ 331,052,006	$ 285,938,434	$ 44,818,000	$ 295,572

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

Investments in Securities:
Beginning Balance	$ -
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	(31,653)
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfer in/out of Level 3	327,225
Ending Balance	$ 295,572
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ (31,653)

Income Tax Information

At July 31, 2009, the aggregate cost of investment securities for income tax purposes was $299,948,464. Net unrealized appreciation aggregated $31,103,542, of which $57,869,368 related to appreciated investment securities and $26,765,826 related to depreciated investment securities.

Investment Valuation

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Overseas Fund -
Overseas
Class K
Class F

July 31, 2009

1.804876.105

OVE-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.4%
	Shares		Value
Australia - 1.0%
Macquarie Group Ltd.	775,447		$ 28,547,249
Qantas Airways Ltd.	20,139,661		39,075,293
TOTAL AUSTRALIA			67,622,542
Austria - 0.3%
Wienerberger AG (a)(c)	1,259,800		20,989,745
Belgium - 2.3%
Anheuser-Busch InBev SA NV	3,955,014		157,353,609
Anheuser-Busch InBev SA NV (strip VVPR) (a)	6,312,640		26,991
TOTAL BELGIUM			157,380,600
Bermuda - 0.6%
Willis Group Holdings Ltd.	1,706,200		42,518,504
Brazil - 0.5%
Vivo Participacoes SA sponsored ADR	1,601,240		36,460,235
Canada - 0.3%
Harry Winston Diamond Corp.	3,448,974		20,136,489
Finland - 0.4%
Neste Oil Oyj (c)	1,663,000		23,512,292
France - 15.0%
Accor SA	626,705		26,751,679
Alstom SA	632,700		43,437,571
AXA SA	2,137,100		45,109,111
BNP Paribas SA	714,790		52,109,290
Carrefour SA	1,299,300		60,989,933
Compagnie de St. Gobain (c)	1,211,742		49,134,154
Danone	1,854,500		99,500,483
Electricite de France	373,600		18,516,763
L'Oreal SA	273,200		23,678,095
Lafarge SA (Bearer)	459,256		33,172,828
Pernod Ricard SA (c)	3,351,176		260,401,890
PPR SA	247,800		27,614,906
Sanofi-Aventis	1,046,300		68,454,205
Societe Generale Series A	669,701		42,999,836
Sodexo SA ADR	647,400		33,988,500
Total SA Series B	1,393,500		77,281,770
Unibail-Rodamco (c)	292,329		51,080,298
TOTAL FRANCE			1,014,221,312
Germany - 9.5%
Allianz AG (Reg.)	255,300		25,300,412
BASF AG	639,300		32,036,467
Bayer AG	690,900		42,401,407
Daimler AG	1,635,200		75,955,040
Deutsche Boerse AG	1,029,562		81,586,509
Deutsche Telekom AG (Reg.)	6,929,932		88,633,374
E.ON AG	2,665,173		100,889,165
Linde AG	615,800		58,119,238
Munich Re Group (Reg.)	268,376		40,579,732

	Shares		Value
SAP AG	1,812,300		$ 85,630,456
TUI AG (a)(c)	1,516,500		9,769,490
TOTAL GERMANY			640,901,290
Hong Kong - 3.9%
China Unicom (Hong Kong) Ltd. sponsored ADR (c)	14,157,100		203,579,098
Hutchison Whampoa Ltd.	8,144,000		61,002,368
TOTAL HONG KONG			264,581,466
Indonesia - 0.5%
PT Indosat Tbk sponsored ADR (c)	1,153,380		31,314,267
Ireland - 0.3%
CRH PLC	659,442		15,742,818
CRH PLC sponsored ADR (c)	50,000		1,236,500
TOTAL IRELAND			16,979,318
Italy - 3.6%
Bulgari SpA	6,283,700		38,756,413
Enel SpA	4,872,100		26,473,850
ENI SpA	3,804,700		88,900,402
ENI SpA sponsored ADR	116,500		5,426,570
Intesa Sanpaolo SpA	11,881,578		44,240,647
UniCredit SpA	12,515,124		36,655,406
TOTAL ITALY			240,453,288
Japan - 20.2%
Bridgestone Corp.	2,511,900		43,648,277
Canon, Inc. sponsored ADR (c)	1,362,700		50,447,154
Citizen Holdings Co. Ltd.	3,576,000		19,427,798
Daiichi Sankyo Kabushiki Kaisha	2,802,200		50,943,705
East Japan Railway Co.	731,000		41,954,655
Inpex Corp.	2,067		15,817,651
Japan Tobacco, Inc.	21,261		61,573,976
JFE Holdings, Inc.	631,500		25,430,874
Mazda Motor Corp.	19,316,000		50,632,786
Mitsubishi Corp.	2,307,700		46,100,337
Mitsubishi Rayon Co. Ltd.	7,043,000		19,280,594
Mitsubishi UFJ Financial Group, Inc.	15,678,400		95,765,939
Mitsubishi UFJ Lease & Finance Co. Ltd.	166,960		5,117,683
Mitsui & Co. Ltd.	5,858,600		73,503,415
Nissan Motor Co. Ltd.	4,242,500		30,788,280
Nomura Holdings, Inc.	8,730,400		76,503,947
Nomura Real Estate Office Fund, Inc.	3,119		20,505,422
NTT DoCoMo, Inc.	63,723		92,041,860
Omron Corp.	4,089,400		66,305,247
Osaka Securities Exchange Co. Ltd.	7,546		33,897,579
Promise Co. Ltd. (c)	2,292,300		24,156,253
Ricoh Co. Ltd.	4,516,000		59,284,134
Sompo Japan Insurance, Inc.	7,476,000		49,624,013
Sony Financial Holdings, Inc.	7,256		22,371,580
Sumitomo Mitsui Financial Group, Inc.	1,796,800		76,916,181
T&D Holdings, Inc.	1,125,300		33,065,574
Takashimaya Co. Ltd.	2,395,000		19,745,270
Common Stocks - continued
	Shares		Value
Japan - continued
Toyota Motor Corp. sponsored ADR (c)	1,621,398		$ 136,489,284
Yakult Honsha Co. Ltd.	918,600		20,243,959
TOTAL JAPAN			1,361,583,427
Luxembourg - 3.5%
ArcelorMittal SA (NY Shares) Class A (c)	4,861,700		175,215,668
Millicom International Cellular SA (a)	789,400		58,534,010
TOTAL LUXEMBOURG			233,749,678
Netherlands - 1.4%
Akzo Nobel NV	889,123		48,781,732
ING Groep NV (Certificaten Van Aandelen)	1,441,400		18,444,456
Koninklijke Ahold NV	2,450,000		27,861,571
TOTAL NETHERLANDS			95,087,759
Netherlands Antilles - 0.5%
Schlumberger Ltd.	677,300		36,235,550
Norway - 0.5%
Renewable Energy Corp. AS (a)(c)	931,033		7,389,717
StatoilHydro ASA sponsored ADR	1,152,200		24,714,690
TOTAL NORWAY			32,104,407
Russia - 0.7%
Vimpel Communications sponsored ADR	3,557,200		48,057,772
Spain - 4.6%
Banco Santander SA	2,384,300		34,525,952
Gas Natural SDG SA Series E	1,967,400		36,817,004
Iberdrola SA	7,524,100		64,556,816
Repsol YPF SA sponsored ADR (c)	3,291,900		76,800,027
Telefonica SA	254,900		6,341,647
Telefonica SA sponsored ADR	1,183,100		88,306,584
TOTAL SPAIN			307,348,030
Sweden - 0.2%
Telefonaktiebolaget LM Ericsson (B Shares)	1,300,000		12,796,642
Switzerland - 6.6%
Actelion Ltd. (Reg.) (a)	1,363,178		75,197,065
Nestle SA (Reg.)	2,855,330		117,510,329
Novartis AG sponsored ADR	1,060,800		48,393,696
Roche Holding AG (participation certificate)	717,507		113,133,327
UBS AG (For. Reg.) (a)	4,717,596		69,063,513
Zurich Financial Services AG (Reg.)	123,661		24,300,575
TOTAL SWITZERLAND			447,598,505
United Kingdom - 20.9%
Anglo American PLC (United Kingdom)	2,115,900		68,226,158
BAE Systems PLC	10,342,800		53,048,728
Barclays PLC	9,640,800		49,011,149
BG Group PLC	3,057,166		51,024,996

	Shares		Value
British Land Co. PLC (c)	8,897,990		$ 64,666,542
British Sky Broadcasting Group PLC (BSkyB)	3,495,900		31,889,676
Centrica PLC	11,907,639		43,816,738
Experian PLC	3,218,600		26,563,936
GlaxoSmithKline PLC	3,539,216		67,819,933
HSBC Holdings PLC:
(United Kingdom) (Reg.)	1,853,921		18,762,328
sponsored ADR (c)	2,532,771		128,411,490
Imperial Tobacco Group PLC	3,134,528		89,602,604
ITV PLC	68,926,800		46,350,292
Lloyds TSB Group PLC	30,183,863		42,863,953
Man Group PLC	12,981,300		60,021,146
Misys PLC	9,722,700		29,441,733
Prudential PLC	2,389,100		17,891,761
Rio Tinto PLC (Reg.)	1,977,010		82,350,636
Royal Dutch Shell PLC Class B ADR	2,300,000		120,819,000
Segro PLC	9,290,000		42,837,416
Shire PLC	2,112,658		31,391,762
Smith & Nephew PLC	2,276,900		18,042,350
Vodafone Group PLC sponsored ADR	4,664,500		95,995,410
William Hill PLC	18,402,400		56,416,872
WPP PLC	4,066,700		31,369,572
Xstrata PLC	2,730,000		36,862,091
TOTAL UNITED KINGDOM			1,405,498,272
United States of America - 1.1%
Baxter International, Inc.	431,900		24,346,203
Estee Lauder Companies, Inc. Class A	785,100		28,609,044
Markel Corp. (a)	65,800		20,764,506
TOTAL UNITED STATES OF AMERICA			73,719,753
TOTAL COMMON STOCKS (Cost $6,240,856,467)		6,630,851,143
Money Market Funds - 6.8%

Fidelity Cash Central Fund, 0.37% (d)	101,345,896		101,345,896
Fidelity Securities Lending Cash Central Fund, 0.22% (b)(d)	359,021,087		359,021,087
TOTAL MONEY MARKET FUNDS (Cost $460,366,983)		460,366,983

TOTAL INVESTMENT PORTFOLIO - 105.2%

(Cost $6,701,223,450)

7,091,218,126

NET OTHER ASSETS - (5.2)%			(348,476,568)
NET ASSETS - 100%		$ 6,742,741,558

Legend

(a) Non-income producing

(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	$ 1,202,826
Fidelity Securities Lending Cash Central Fund	6,418,476
Total	$ 7,621,302

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
United Kingdom	$ 1,405,498,272	$ 1,106,750,542	$ 298,747,730	$ -
Japan	1,361,583,427	1,066,483,401	295,100,026	-
France	1,014,221,312	823,376,226	190,845,086	-
Germany	640,901,290	441,337,048	199,564,242	-
Switzerland	447,598,505	378,534,992	69,063,513	-
Spain	307,348,030	266,480,431	40,867,599	-
Hong Kong	264,581,466	264,581,466	-	-
Italy	240,453,288	151,552,886	88,900,402	-
Luxembourg	233,749,678	233,749,678	-	-
Other	714,915,875	683,674,777	31,241,098	-
Money Market Funds	460,366,983	460,366,983	-	-
Total Investments in Securities:	$ 7,091,218,126	$ 5,876,888,430	$ 1,214,329,696	$ -

Income Tax Information

At July 31, 2009, the aggregate cost of investment securities for income tax purposes was $6,810,117,226. Net unrealized appreciation aggregated $281,100,900, of which $956,272,716 related to appreciated investment securities and $675,171,816 related to depreciated investment securities.

Investment Valuation

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Pacific Basin Fund

July 31, 2009

1.804825.105

PAF-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.6%
	Shares		Value
Australia - 12.4%
Austal Ltd.	1,755,760		$ 4,140,725
Brambles Ltd.	561,427		2,812,433
Energy Resources of Australia Ltd.	134,852		2,853,251
Goodman Group unit (a)	14,617,273		6,234,457
Incitec Pivot Ltd.	3,151,128		7,273,396
Iress Market Technology Ltd.	484,346		2,920,472
Macquarie Airports unit	5,374,074		11,190,902
Macquarie Group Ltd.	105,732		3,892,410
Navitas Ltd.	1,755,729		4,037,869
Origin Energy Ltd.	948,845		11,506,027
Rio Tinto Ltd.	166,977		8,434,429
Seek Ltd. (c)	573,033		2,041,509
Wesfarmers Ltd.	224,843		4,860,736
TOTAL AUSTRALIA			72,198,616
Bermuda - 3.5%
AGTech Holdings Ltd. (a)	16,880,000		958,367
China Power New Egy Development Co. Ltd. (a)	7,320,000		576,166
Huabao International Holdings Ltd.	4,165,000		4,347,807
Mingyuan Medicare Development Co. Ltd. (a)	16,270,000		1,742,498
Noble Group Ltd.	4,254,400		6,178,221
Paradise Entertainment Ltd. (a)	102,582,000		489,756
Peace Mark Holdings Ltd. (a)	18,955,750		24
Ports Design Ltd.	927,000		2,389,912
TPV Technology Ltd.	2,864,000		1,555,829
Vtech Holdings Ltd.	321,000		2,288,464
TOTAL BERMUDA			20,527,044
Cayman Islands - 5.6%
China Dongxiang Group Co. Ltd.	4,139,000		3,145,701
Ctrip.com International Ltd. sponsored ADR	37,400		1,916,750
Daphne International Holdings Ltd.	3,220,000		2,164,713
Himax Technologies, Inc. sponsored ADR	359,300		1,372,526
Kingboard Chemical Holdings Ltd.	1,013,400		3,216,790
Kingdee International Software Group Co. Ltd.	25,848,928		4,836,345
Perfect World Co. Ltd. sponsored ADR Class B (a)(c)	218,375		7,813,458
Regent Pacific Group Ltd. (a)	34,954,000		1,285,430
SinoCom Software Group Ltd.	15,226,000		2,023,624
Suntech Power Holdings Co. Ltd. sponsored ADR (a)(c)	164,100		3,017,799
Wasion Group Holdings Ltd.	594,000		573,317
Wuxi Pharmatech Cayman, Inc. sponsored ADR (a)	133,600		1,429,520
TOTAL CAYMAN ISLANDS			32,795,973
China - 9.5%
51job, Inc. sponsored ADR (a)	173,800		1,951,774
AMVIG Holdings Ltd.	6,374,000		5,099,299

	Shares		Value
China Gas Holdings Ltd.	6,638,000		$ 1,781,588
China Petroleum & Chemical Corp. (H Shares)	2,678,000		2,387,486
China Resources Gas Group Ltd.	1,786,000		1,497,964
China Yurun Food Group Ltd.	1,474,000		2,331,818
Focus Media Holding Ltd. ADR (a)	154,400		1,351,000
Global Bio-Chem Technology Group Co. Ltd.	9,906,000		1,930,110
Li Ning Co. Ltd.	782,000		2,588,218
Lianhua Supermarket Holdings Co. (H Shares)	1,251,000		2,301,885
Minth Group Ltd.	3,262,000		3,114,744
Ping An Insurance (Group) Co. of China, Ltd. (H Shares)	1,912,000		16,973,954
Royale Furniture Holdings Ltd.	12,247,962		1,153,701
Sinotrans Ltd. (H Shares)	7,575,000		1,915,779
Tencent Holdings Ltd.	343,600		4,637,581
Yantai Changyu Pioneer Wine Co. (B Shares)	342,000		2,205,612
Zhejiang Expressway Co. Ltd. (H Shares)	2,196,000		2,128,036
TOTAL CHINA			55,350,549
Hong Kong - 5.9%
China Resources Power Holdings Co. Ltd.	1,120,000		2,897,604
China State Construction International Holdings Ltd.	12,154,752		6,383,329
Hang Lung Properties Ltd.	900,000		3,298,128
Industrial & Commercial Bank of China (Asia) Ltd.	847,000		1,602,227
Inspur International Ltd.	14,600,000		2,505,597
PYI Corp. Ltd. (a)	28,483,617		1,249,628
PYI Corp. Ltd. warrants 9/25/09 (a)	1,582,423		5,105
REXCAPITAL Financial Holdings Ltd. (a)	51,711,967		4,470,669
Shanghai Industrial Holdings Ltd. (H Shares)	449,000		2,433,337
Sino-Ocean Land Holdings Ltd.	2,087,506		2,230,308
Techtronic Industries Co. Ltd.	5,524,500		4,583,642
Tian An China Investments Co. Ltd.	4,527,800		2,658,308
Tian An China Investments Co. Ltd. warrants 1/2/10 (a)	396,800		870
TOTAL HONG KONG			34,318,752
India - 3.8%
Educomp Solutions Ltd.	35,240		3,023,787
Financial Technologies India Ltd.	86,046		2,540,628
Geodesic Ltd.	776,765		1,868,621
Indiabulls Financial Services Ltd.	248,779		1,039,332
INFO Edge India Ltd.	109,339		1,383,170
Lupin Ltd.	86,357		1,716,125
Max India Ltd. (a)	287,700		1,252,766
NIIT Ltd.	1,940,580		2,448,803
Rural Electrification Corp. Ltd.	445,489		1,888,147
Common Stocks - continued
	Shares		Value
India - continued
Tata Steel Ltd.	309,295		$ 2,990,121
United Spirits Ltd.	92,077		1,959,945
TOTAL INDIA			22,111,445
Indonesia - 2.8%
PT Ciputra Development Tbk (a)	43,552,500		3,598,304
PT Kalbe Farma Tbk	19,442,500		2,566,223
PT Perusahaan Gas Negara Tbk Series B	27,855,740		9,823,215
TOTAL INDONESIA			15,987,742
Japan - 33.6%
Ai Holdings Corp.	896,200		3,107,003
Canon Marketing Japan, Inc.	86,900		1,385,109
Chiyoda Corp.	491,000		4,172,540
Credit Saison Co. Ltd.	236,500		3,089,673
Denso Corp.	187,800		5,548,050
Digital Garage, Inc. (c)	9,261		8,359,469
Dydo Drinco, Inc.	35,200		1,030,589
FreeBit Co., Ltd.	295		1,736,761
Fujitsu Ltd.	664,000		4,365,374
Goldcrest Co. Ltd.	135,080		3,233,867
H.I.S. Co. Ltd.	87,200		1,788,056
Hamakyorex Co. Ltd.	99,600		2,331,825
Haseko Corp.	2,363,500		2,248,335
Inpex Corp.	596		4,560,871
Internet Initiative Japan, Inc.	2,129		4,721,110
ISE Chemical Corp. (c)	421,000		2,483,014
Japan Excellent, Inc.	1,143		5,557,341
Japan Retail Fund Investment Corp.	466		2,339,605
Kenedix Realty Investment Corp.	1,561		5,230,282
Micronics Japan Co. Ltd.	325,900		6,093,617
Mitsubishi Gas Chemical Co., Inc.	781,000		4,812,631
Mitsui Sumitomo Insurance Group Holdings, Inc.	357,700		9,187,306
New City Residence Investment Corp. (a)	1,766		522,651
Nippon Seiki Co. Ltd.	522,000		6,427,756
Nitta Corp.	338,200		5,101,061
Nittoku Engineering Co. Ltd.	506,900		2,855,699
Nomura Holdings, Inc.	438,200		3,839,919
NTT Urban Development Co.	3,259		3,086,422
ORIX Corp.	241,210		15,271,619
Promise Co. Ltd. (c)	565,600		5,960,292
Rakuten, Inc.	4,904		3,151,498
Sankyo Seiko Co. Ltd.	613,300		1,477,987
SBI Holdings, Inc.	10,940		2,212,052
Sega Sammy Holdings, Inc.	369,200		4,870,115
SHO-BOND Holdings Co. Ltd.	128,800		2,436,867
Softbank Corp.	747,700		15,924,484
Sparx Group Co. Ltd. (a)	2,466		421,730
Start Today Co. Ltd.	1,341		2,297,602
Sumitomo Mitsui Financial Group, Inc.	208,800		8,938,167
Take & Give Needs Co. Ltd. (a)(c)	21,443		2,751,485

	Shares		Value
Tokyo Ohka Kogyo Co. Ltd.	171,800		$ 3,677,148
Tokyo Tatemono Co. Ltd.	558,000		2,736,624
Toyoda Gosei Co. Ltd.	314,000		9,724,342
Yamato Kogyo Co. Ltd.	135,800		4,234,330
TOTAL JAPAN			195,302,278
Korea (South) - 7.1%
Daewoo International Corp.	97,660		2,080,676
Daou Technology, Inc.	605,090		4,072,863
Duzon Digital Ware Co. Ltd.	205,677		1,128,725
eSang Networks Co. Ltd. (a)	130,755		971,011
Infopia Co. Ltd.	208,686		2,594,281
Jinsung T.E.C. Co. Ltd.	378,322		1,853,397
Kyeryong Construction Industrial Co. Ltd.	76,000		1,395,436
NHN Corp. (a)	54,258		7,921,037
Plantynet Co. Ltd.	320,785		1,227,835
Samsung Electronics Co. Ltd.	17,034		10,086,378
SFA Engineering Corp.	56,289		1,721,770
Sodiff Advanced Materials Co. Ltd.	24,859		1,612,267
The Basic House Co. Ltd. (a)	458,831		2,904,516
TK Corp.	67,479		1,826,740
TOTAL KOREA (SOUTH)			41,396,932
Malaysia - 1.2%
IJM Corp. Bhd	1,169,700		2,008,995
IJM Land Bhd warrants 9/11/13 (a)	116,970		20,754
JobStreet Corp. Bhd	6,606,750		2,269,458
Muhibbah Engineering (M) Bhd	3,458,000		1,472,534
Parkson Holdings Bhd	748,213		1,147,012
TOTAL MALAYSIA			6,918,753
Netherlands - 0.8%
James Hardie Industries NV unit	1,042,460		4,524,690
Papua New Guinea - 0.8%
Oil Search Ltd.	956,219		4,510,229
Philippines - 1.3%
Alliance Global Group, Inc. (a)	29,811,542		2,545,342
DMCI Holdings, Inc.	20,794,500		3,204,483
PNOC Energy Development Corp.	21,054,000		1,972,990
TOTAL PHILIPPINES			7,722,815
Singapore - 4.1%
CSE Global Ltd.	7,480,500		3,508,433
GigaMedia Ltd. (a)	252,500		1,232,200
Goodpack Ltd.	11,169,000		7,915,773
Midas Holdings Ltd.	5,347,000		3,213,699
Olam International Ltd.	1,994,625		3,520,253
Pertama Holdings Ltd.	9,990,000		1,665,926
Raffles Education Corp. Ltd.	6,572,000		2,968,177
Tat Hong Holdings Ltd. warrants 8/2/13 (a)	125,700		7,861
TOTAL SINGAPORE			24,032,322
Common Stocks - continued
	Shares		Value
Taiwan - 4.0%
104 Corp.	479,000		$ 1,027,784
Apex Biotechnology Corp.	929,200		1,767,208
D-Link Corp.	1,515,883		1,358,335
Hon Hai Precision Industry Co. Ltd. (Foxconn)	2,119,243		7,298,825
Powertech Technology, Inc.	1,191,300		3,195,197
Taiwan Fertilizer Co. Ltd.	633,000		2,006,461
Taiwan Semiconductor Manufacturing Co. Ltd.	2,107,484		3,783,322
Tsann Kuen Enterprise Co. Ltd. (a)	2,432,900		2,602,706
TOTAL TAIWAN			23,039,838
Thailand - 0.9%
Asian Property Development PCL (For. Reg.)	9,834,500		1,416,076
Central Pattana PCL (For. Reg.)	3,316,100		1,802,758
Siam Commercial Bank PCL (For. Reg.)	922,152		2,093,337
TOTAL THAILAND			5,312,171
Vietnam - 0.3%
Luks Group (Vietnam Holdings) Co. Ltd.	2,648,000		1,499,993
TOTAL COMMON STOCKS (Cost $535,308,802)		567,550,142
Money Market Funds - 4.2%
	Shares		Value
Fidelity Cash Central Fund, 0.37% (d)	10,142,929		$ 10,142,929
Fidelity Securities Lending Cash Central Fund, 0.22% (b)(d)	13,969,460		13,969,460
TOTAL MONEY MARKET FUNDS (Cost $24,112,389)		24,112,389

TOTAL INVESTMENT PORTFOLIO - 101.8%

(Cost $559,421,191)

591,662,531

NET OTHER ASSETS - (1.8)%		(10,185,710)
NET ASSETS - 100%		$ 581,476,821

Legend

(a) Non-income producing

(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	$ 40,543
Fidelity Securities Lending Cash Central Fund	430,492
Total	$ 471,035

Other Information

The following is a summary of the inputs used, as of July 31, 2009, involving the Fund's assets and liabilities 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:
Equities:
Japan	$ 195,302,278	$ 190,939,708	$ 3,839,919	$ 522,651
Australia	72,198,616	72,198,616	-	-
China	55,350,549	52,963,063	2,387,486	-
Korea (South)	41,396,932	41,396,932	-	-
Hong Kong	34,318,752	34,318,752	-	-
Cayman Islands	32,795,973	32,795,973	-	-
Sinapore	24,032,322	24,032,322	-	-
Taiwan	23,039,838	23,039,838	-	-
India	22,111,445	22,111,445	-	-
Bermuda	20,527,044	20,527,020	-	24
Other	46,476,393	46,476,393	-	-
Money Market Funds	24,112,389	24,112,389	-	-
Total Investments in Securities:	$ 591,662,531	$ 584,912,451	$ 6,227,405	$ 522,675

The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value:
Investments in Securities:
Beginning Balance	$ 926,002
Total Realized Gain (Loss)	(3,396,911)
Total Unrealized Gain (Loss)	4,621,660
Cost of Purchases	654,645
Proceeds of Sales	(2,460,993)
Amortization/Accretion	-
Transfer in/out of Level 3	178,272
Ending Balance	$ 522,675
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ 344,379

Income Tax Information

At July 31, 2009, the aggregate cost of investment securities for income tax purposes was $561,032,326. Net unrealized appreciation aggregated $30,630,205, of which $129,910,303 related to appreciated investment securities and $99,280,098 related to depreciated investment securities.

Investment Valuation

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Southeast Asia Fund -
Southeast Asia Fund
Class F

July 31, 2009

1.804844.105

SEA-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.4%
	Shares		Value
Australia - 1.0%
Atlas Iron Ltd. (a)	1,519,284		$ 2,522,096
Newcrest Mining Ltd.	436,673		10,955,689
Woolworths Ltd.	223,094		5,084,128
TOTAL AUSTRALIA			18,561,913
Bermuda - 0.9%
Cheung Kong Infrastructure Holdings Ltd.	1,580,000		5,759,466
Huabao International Holdings Ltd.	9,550,000		9,969,161
TOTAL BERMUDA			15,728,627
Canada - 0.1%
Equinox Minerals Ltd. unit (a)	617,134		1,507,039
Cayman Islands - 1.5%
AAC Acoustic Technology Holdings, Inc.	2,196,000		2,119,535
Ju Teng International Holdings Ltd.	9,837,000		7,412,799
Kingboard Chemical Holdings Ltd.	5,432,500		17,244,140
TOTAL CAYMAN ISLANDS			26,776,474
China - 18.9%
Bank of China (H Shares)	61,478,000		30,620,603
BBMG Corp. Class H	180,000		234,585
China Construction Bank Corp. (H Shares)	35,529,000		28,652,974
China Life Insurance Co. Ltd. (H Shares)	13,957,000		61,811,919
China Petroleum & Chemical Corp. (H Shares)	46,468,000		41,427,075
China Railway Construction Corp. Ltd. (H Shares)	9,952,500		15,872,940
China Shipping Container Lines Co. Ltd. (H Shares)	11,796,000		4,611,945
China Telecom Corp. Ltd. (H Shares)	71,460,000		37,163,024
Datang International Power Generation Co. Ltd.	1,710,000		1,123,106
Dongfang Electric Corp. Ltd.	2,263,000		11,081,615
Huaneng Power International, Inc. (H Shares)	23,540,000		18,430,656
Industrial & Commercial Bank of China Ltd.	45,389,000		32,680,713
Jiangsu Expressway Co. Ltd. (H Shares)	42,126,000		36,908,526
Lumena Resources Corp.	11,782,000		5,731,484
PetroChina Co. Ltd. (H Shares)	6,396,000		7,535,630
Tencent Holdings Ltd.	428,000		5,776,731
TOTAL CHINA			339,663,526
Hong Kong - 20.1%
Beijing Enterprises Holdings Ltd.	4,869,000		24,471,125
BOC Hong Kong Holdings Ltd.	6,749,500		14,387,600
Cheung Kong Holdings Ltd.	2,583,000		33,363,007
China Merchants Holdings International Co. Ltd.	1,342,000		4,433,015
China Mobile (Hong Kong) Ltd.	3,586,300		37,633,721
China Resources Power Holdings Co. Ltd.	10,181,116		26,340,042

	Shares		Value
China Travel International Investment HK Ltd.	3,708,000		$ 923,429
China Unicom (Hong Kong) Ltd.	14,484,000		20,894,743
CLP Holdings Ltd.	2,686,500		18,268,554
CNOOC Ltd.	5,012,000		6,668,765
Hang Seng Bank Ltd.	139,700		2,269,493
Hong Kong Electric Holdings Ltd.	8,740,500		48,214,659
Hong Kong Exchange & Clearing Ltd.	220,500		4,159,706
Hutchison Whampoa Ltd.	8,105,000		60,710,240
Li & Fung Ltd.	6,434,000		18,970,290
PCCW Ltd.	89,363,000		24,445,578
Sun Hung Kai Properties Ltd.	557,000		8,473,751
Techtronic Industries Co. Ltd.	6,109,000		5,068,597
TOTAL HONG KONG			359,696,315
Indonesia - 0.2%
PT Astra Agro Lestari Tbk	1,023,000		1,989,316
PT Bank Rakyat Indonesia Tbk	2,878,000		2,116,823
TOTAL INDONESIA			4,106,139
Korea (South) - 19.8%
Dongkuk Steel Mill Co. Ltd.	147,040		3,812,192
GS Engineering & Construction Corp.	124,354		8,909,306
Hanjin Shipping Co. Ltd.	520,430		8,938,438
Hanmi Pharm Co. Ltd.	111,487		10,485,813
Hyundai Engineering & Construction Co. Ltd.	421,383		21,815,278
Hyundai Mobis	77,371		8,194,605
Hyundai Steel Co.	142,580		8,372,653
Korea Exchange Bank	431,000		4,194,732
Korean Reinsurance Co.	609,620		5,858,374
KT&G Corp.	580,043		33,824,373
LG Display Co. Ltd.	561,340		16,275,047
LG Household & Health Care Ltd.	59,935		10,808,592
MegaStudy Co. Ltd.	53,170		10,366,996
MSCI Daily TR Net Emerging Markets Korea Local warrants (UBS Warrant Programme) 9/12/10 (a)	19,465,516		6,256,742
NHN Corp. (a)	219,316		32,017,585
POSCO	1,859		763,244
Samsung C&T Corp.	369,490		14,036,811
Samsung Electronics Co. Ltd.	16,401		9,711,558
Samsung Fire & Marine Insurance Co. Ltd.	204,346		34,428,127
Samsung Securities Co. Ltd.	23,900		1,501,202
Shinhan Financial Group Co. Ltd. (a)	615,607		20,802,886
Shinsegae Co. Ltd.	26,385		11,458,602
SK Telecom Co. Ltd.	354,477		53,778,911
Taewoong Co. Ltd.	66,610		4,783,150
Yuhan Corp.	91,027		14,517,267
TOTAL KOREA (SOUTH)			355,912,484
Malaysia - 3.3%
British American Tobacco (Malaysia) Bhd	1,689,200		22,298,879
DiGi.com Bhd	898,100		5,660,133
Common Stocks - continued
	Shares		Value
Malaysia - continued
IGB Corp. Bhd	4,006,000		$ 2,024,324
IOI Corp. Bhd	3,816,900		5,309,527
KLCC Property Holdings Bhd	7,353,200		6,596,483
Kuala Lumpur Kepong Bhd	1,004,200		3,563,520
Malaysian Resources Corp. Bhd	9,574,700		3,832,598
PLUS Expressways Bhd	8,299,500		7,728,136
UEM Land Holdings Bhd (a)	3,457,400		1,688,212
TOTAL MALAYSIA			58,701,812
Mauritius - 0.1%
Golden Agri-Resources Ltd.	3,656,000		1,079,628
Papua New Guinea - 0.6%
Lihir Gold Ltd. (a)	4,690,647		10,866,123
Singapore - 9.4%
Ascendas Real Estate Investment Trust (A-REIT)	13,505,500		15,952,856
CapitaMall Trust	21,219,612		23,295,572
City Developments Ltd.	37,000		260,686
First Resources Ltd.	1,856,000		1,121,957
Indofood Agri Resources Ltd. (a)	1,013,000		1,076,911
Keppel Corp. Ltd.	750,000		4,372,221
MobileOne Ltd.	4,396,000		5,131,518
Neptune Orient Lines Ltd.	4,629,000		5,339,175
Oversea-Chinese Banking Corp. Ltd.	2,653,130		14,415,979
SembCorp Industries Ltd.	3,841,000		8,566,989
Singapore Exchange Ltd.	389,000		2,356,921
Singapore Technologies Engineering Ltd.	8,141,000		14,876,897
SMRT Corp. Ltd.	6,996,000		8,263,758
StarHub Ltd.	10,952,000		17,045,914
United Overseas Bank Ltd.	3,775,000		46,374,375
TOTAL SINGAPORE			168,451,729
Taiwan - 16.6%
104 Corp. (b)	2,264,000		4,857,836
Ambassador Hotel	7,517,000		8,854,985
AU Optronics Corp.	13,582,000		15,068,114
Catcher Technology Co. Ltd.	5,028,000		14,098,629
Cathay Financial Holding Co. Ltd.	12,828,000		19,705,310
Chi Mei Optoelectronics Corp.	20,474,000		11,450,713
China Steel Corp.	12,633,859		12,206,441
Chinatrust Financial Holding Co. Ltd.	10,071,000		6,369,194
Chong Hong Construction Co. Ltd.	129,000		261,460
Chunghwa Telecom Co. Ltd.	27,973,158		56,099,781
Delta Electronics, Inc.	1,444,320		3,741,762
Evergreen Marine Corp. (Taiwan)	3,056,000		1,862,847
Far Eastern Textile Ltd.	144,000		162,390
Far EasTone Telecommunications Co. Ltd.	21,090,000		24,811,765

	Shares		Value
First Financial Holding Co. Ltd.	15,455,975		$ 9,515,718
Hon Hai Precision Industry Co. Ltd. (Foxconn)	833,350		2,870,117
Huaku Development Co. Ltd.	2,613,500		6,372,448
Hung Poo Real Estate Development Co. Ltd.	1,310,447		1,677,500
Kinsus Interconnect Technology Corp.	1,342,000		2,871,332
Polaris Securities Co. Ltd.	2,029,000		1,125,504
Powertech Technology, Inc.	982,000		2,633,831
President Chain Store Corp.	6,304,000		16,485,316
Richtek Technology Corp.	11,100		85,593
Taiwan Fertilizer Co. Ltd.	2,980,000		9,445,901
Taiwan Semiconductor Manufacturing Co. Ltd.	18,309,192		32,868,376
Unimicron Technology Corp.	2,181,000		2,472,819
Wan Hai Lines Ltd.	5,416,000		2,756,696
Yang Ming Marine Transport Corp.	14,788,000		5,701,561
Yuanta Financial Holding Co. Ltd.	29,807,000		21,439,964
TOTAL TAIWAN			297,873,903
Thailand - 3.9%
Advanced Info Service PCL (For. Reg.)	5,913,300		15,030,868
Big C Supercenter PCL:
unit	6,600,205		9,309,722
(For. Reg.)	41,500		58,537
Major Cineplex Group PCL (For. Reg.)	42,307,900		8,764,934
Siam City Bank PCL:
NVDR	15,561,500		8,231,178
(For. Reg.)	11,112,300		5,877,796
Siam Commercial Bank PCL (For. Reg.)	9,332,900		21,186,204
TICON Industrial Connection PCL:
warrants 5/22/11 (a)	1,149,250		42,215
(For. Reg.)	6,895,500		1,327,227
TOTAL THAILAND			69,828,681
TOTAL COMMON STOCKS (Cost $1,645,826,186)		1,728,754,393
Nonconvertible Preferred Stocks - 0.3%

Korea (South) - 0.3%
Samsung Electronics Co. Ltd. (Cost $2,623,821)	11,769		4,471,007
Investment Companies - 1.1%

Hong Kong - 1.1%
Hang Seng H-Share Index ETF (Cost $12,639,284)	1,272,600		20,000,733

Government Obligations - 0.1%
	Principal Amount	Value
United States of America - 0.1%
U.S. Treasury Bills, yield at date of purchase 0.18% 9/24/09 (c) (Cost $799,780)	$ 800,000	$ 799,803

Money Market Funds - 2.0%
	Shares
Fidelity Cash Central Fund, 0.37% (d) (Cost $36,586,227)	36,586,227	36,586,227

TOTAL INVESTMENT PORTFOLIO - 99.9%

(Cost $1,698,475,298)

1,790,612,163

NET OTHER ASSETS - 0.1%			2,621,384
NET ASSETS - 100%		$ 1,793,233,547

Futures Contracts
	Expiration Date	Underlying Face Amount at Value	Unrealized Appreciation/(Depreciation)
Purchased
Equity Index Contracts
93 Hang Seng Index Contracts (Hong Kong)	August 2009	$ 7,229,540	$ (18,307)

The face value of futures purchased as a percentage of net assets - 0.4%

Legend

(a) Non-income producing

(b) Affiliated company

(c) 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 $799,803.

Other Affiliated Issuers

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
104 Corp.	$ 3,267,485	$ 2,257,035	$ 707,751	$ 289,589	$ 4,857,836

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	$ 691,963
Fidelity Securities Lending Cash Central Fund	58,651
Total	$ 750,614

Other Information

The following is a summary of the inputs used, as of July 31, 2009, involving the Fund's assets and liabilities 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:
Equities:
Korea (South)	$ 360,383,491	$ 333,323,863	$ 27,059,628	$ -
Hong Kong	359,696,315	315,393,829	44,302,486	-
China	339,663,526	173,295,222	166,368,304	-
Taiwan	297,873,903	297,873,903	-	-
Singapore	168,451,729	168,451,729	-	-
Thailand	69,828,681	69,828,681	-	-
Malaysia	58,701,812	58,701,812	-	-
Cayman Islands	26,776,474	26,776,474	-	-
Australia	18,561,913	18,561,913	-	-
Other	33,287,556	33,287,556	-	-
Government Obligations	799,803	-	799,803	-
Investment Companies	20,000,733	20,000,733	-	-
Money Market Funds	36,586,227	36,586,227	-	-
Total Investments in Securities:	$ 1,790,612,163	$ 1,552,081,942	$ 238,530,221	$ -
Derivative Instruments:
Liabilities:
Futures Contracts	$ (18,307)	$ (18,307)	$ -	$ -

The following is a reconciliation of Investments in Securities 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)	34,014,889
Cost of Purchases	10,297,461
Proceeds of Sales	(15,039,096)
Amortization/Accretion	0
Transfer in/out of Level 3	(24,445,578)
Ending Balance	$ 0
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ 0

The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities and Derivative 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 transfer in), or the ending value (for transfer out) of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Series
Emerging Markets Fund -
Emerging Markets Fund
Class F

July 31, 2009

1.873106.100

ILF-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.7%
	Shares		Value
Australia - 0.3%
Sino Gold Mining Ltd. (a)	522,100		$ 2,309,785
Austria - 0.4%
Erste Bank AG	81,500		2,844,706
Bermuda - 1.0%
Aquarius Platinum Ltd. (Australia)	770,543		3,202,693
China Foods Ltd.	3,998,000		2,471,070
Ports Design Ltd.	961,500		2,478,857
TOTAL BERMUDA			8,152,620
Brazil - 14.2%
B2W Companhia Global Do Varejo	56,800		1,316,506
Banco ABC Brasil SA	279,000		1,179,695
Banco Bradesco SA (PN) sponsored ADR	697,200		10,994,844
BM&F BOVESPA SA	1,285,100		8,291,856
Companhia Energetica de Minas Gerais (CEMIG) (PN) sponsored ADR (non-vtg.)	200,900		2,868,852
Companhia Siderurgica Nacional SA (CSN) sponsored ADR (d)	278,500		7,129,600
Cosan SA Industria e Comercio (a)	373,400		3,429,837
Gerdau SA	451,100		4,003,331
Gerdau SA (PN)	99,100		1,160,946
GVT Holding SA (a)	250,100		4,839,824
Iguatemi Empresa de Shopping Centers SA	181,100		2,173,006
Natura Cosmeticos SA	242,700		3,457,109
Net Servicos de Comunicacao SA sponsored ADR	406,100		4,125,976
Petroleo Brasileiro SA - Petrobras:
(PN) sponsored ADR (non-vtg.)	528,600		17,813,820
sponsored ADR	400,100		16,500,124
Tele Norte Leste Participacoes SA sponsored ADR (non-vtg.)	153,700		2,365,443
Vale SA (PN-A) sponsored ADR	1,036,000		17,819,200
Votorantim Celulose e Papel SA sponsored ADR (a)	277,500		4,145,850
TOTAL BRAZIL			113,615,819
Canada - 2.0%
Addax Petroleum, Inc.	47,500		2,259,595
Eldorado Gold Corp. (a)	202,800		2,038,636
First Quantum Minerals Ltd.	48,100		3,203,393
Sherritt International Corp.	648,700		3,691,030
Sino-Forest Corp. (a)	205,200		2,799,870
Uranium One, Inc. (a)	818,200		2,187,233
TOTAL CANADA			16,179,757
Common Stocks - continued
	Shares		Value
Cayman Islands - 3.2%
China High Speed Transmission Equipment Group Co. Ltd.	1,544,000		$ 3,869,040
China Shanshui Cement Group Ltd.	2,098,000		1,364,403
CNinsure, Inc. ADR	68,600		1,208,732
Eurasia Drilling Co. Ltd. GDR (Reg. S)	229,700		2,871,250
Hengan International Group Co. Ltd.	681,000		3,963,057
Hidili Industry International Development Ltd. (a)	1,835,000		2,119,170
Integra Group Holdings unit (a)	684,900		1,438,290
Stella International Holdings Ltd.	1,561,500		2,583,073
Suntech Power Holdings Co. Ltd. sponsored ADR (a)(d)	53,900		991,221
Xinao Gas Holdings Ltd.	1,548,000		2,564,736
Yingli Green Energy Holding Co. Ltd. ADR (a)(d)	172,400		2,287,748
TOTAL CAYMAN ISLANDS			25,260,720
China - 12.3%
Baidu.com, Inc. sponsored ADR (a)	7,800		2,715,492
BBMG Corp. Class H	80,000		104,260
China Construction Bank Corp. (H Shares)	21,868,000		17,635,825
China Gas Holdings Ltd.	12,494,000		3,353,293
China Merchants Bank Co. Ltd. (H Shares)	2,807,450		6,600,352
China Metal Recycling (Holdings) Ltd.	554,000		661,953
China Oilfield Services Ltd. (H Shares)	1,800,000		1,962,619
China Railway Construction Corp. Ltd. (H Shares)	2,264,000		3,610,785
China South Locomotive & Rolling Stock Corp. Ltd. (H Shares)	4,899,000		3,034,278
China Yurun Food Group Ltd.	1,948,000		3,081,670
Golden Eagle Retail Group Ltd. (H Shares)	1,497,000		1,954,830
Industrial & Commercial Bank of China Ltd.	28,580,000		20,577,998
Li Ning Co. Ltd.	876,000		2,899,334
Maanshan Iron & Steel Co. Ltd. (H Shares)	2,306,000		1,794,252
NetEase.com, Inc. sponsored ADR (a)	45,200		1,991,512
Parkson Retail Group Ltd.	1,186,500		1,981,111
PICC Property & Casualty Co. Ltd. (H Shares) (a)	2,204,000		1,720,575
Ping An Insurance (Group) Co. of China, Ltd. (H Shares)	1,348,500		11,971,432
Shanda Interactive Entertainment Ltd. sponsored ADR (a)	20,600		1,021,348
Tencent Holdings Ltd.	433,400		5,849,615
ZTE Corp. (H Shares)	1,015,060		4,427,057
TOTAL CHINA			98,949,591
Cyprus - 0.0%
AFI Development PLC GDR (Reg. S)	185,000		314,500
Czech Republic - 0.8%
Ceske Energeticke Zavody AS	125,000		6,723,158
Common Stocks - continued
	Shares		Value
Egypt - 0.2%
Telecom Egypt SAE	603,300		$ 1,921,469
Georgia - 0.6%
Bank of Georgia unit (a)	760,170		4,523,012
Hong Kong - 6.3%
China Mobile (Hong Kong) Ltd. sponsored ADR	403,500		21,171,642
China Overseas Land & Investment Ltd.	2,598,000		6,409,642
China Resources Power Holdings Co. Ltd.	1,587,600		4,107,354
CNOOC Ltd. sponsored ADR (d)	68,600		9,146,438
CNPC (Hong Kong) Ltd.	3,570,000		3,616,135
Hong Kong Exchange & Clearing Ltd.	102,200		1,927,991
Shanghai Industrial Holdings Ltd. (H Shares)	778,000		4,216,340
TOTAL HONG KONG			50,595,542
Hungary - 0.4%
OTP Bank Ltd. (a)	133,400		2,855,817
India - 9.3%
Bank of Baroda	192,227		1,794,765
Bharat Heavy Electricals Ltd.	96,460		4,498,374
Bharti Airtel Ltd.	176,394		1,512,581
Educomp Solutions Ltd.	22,305		1,913,893
Grasim Industries Ltd.	49,397		2,907,831
Housing Development and Infrastructure Ltd.	370,712		2,146,758
Housing Development Finance Corp. Ltd.	190,169		10,084,226
Indiabulls Real Estate Ltd.	441,284		2,272,624
Infosys Technologies Ltd. sponsored ADR (d)	217,200		9,346,116
Jain Irrigation Systems Ltd.	165,551		2,444,235
JSW Steel Ltd.	247,714		3,614,060
Pantaloon Retail India Ltd.	396,342		2,705,017
Power Finance Corp. Ltd.	463,390		2,266,808
Punj Lloyd Ltd.	615,461		3,174,788
Reliance Industries Ltd. (a)	288,070		11,778,193
Shree Renuka Sugars Ltd.	880,000		3,073,790
Tata Power Co. Ltd.	183,981		5,006,245
Tata Steel Ltd.	280,000		2,706,911
Union Bank of India	336,397		1,693,493
TOTAL INDIA			74,940,708
Indonesia - 3.8%
PT Bank Central Asia Tbk	16,315,500		6,205,664
PT Bank Rakyat Indonesia Tbk	8,669,000		6,376,212
PT Bumi Resources Tbk	14,179,000		4,000,134
PT Indocement Tunggal Prakarsa Tbk	2,900,000		2,717,389
Common Stocks - continued
	Shares		Value
Indonesia - continued
PT International Nickel Indonesia Tbk (a)	3,430,000		$ 1,486,050
PT Perusahaan Gas Negara Tbk Series B	14,900,900		5,254,743
PT Telkomunikasi Indonesia Tbk Series B	5,258,500		4,741,938
TOTAL INDONESIA			30,782,130
Ireland - 0.3%
Dragon Oil PLC (a)	471,400		2,642,291
Israel - 2.1%
Israel Chemicals Ltd.	305,400		3,461,307
Teva Pharmaceutical Industries Ltd. sponsored ADR	250,600		13,367,004
TOTAL ISRAEL			16,828,311
Italy - 0.4%
UniCredit SpA	1,067,605		3,126,896
Korea (South) - 7.4%
GS Engineering & Construction Corp.	53,828		3,856,492
Hana Financial Group, Inc.	254,420		7,282,816
Hyundai Engineering & Construction Co. Ltd.	70,538		3,651,799
Hyundai Heavy Industries Co. Ltd.	29,620		5,208,391
KT&G Corp.	82,201		4,793,433
MegaStudy Co. Ltd.	11,376		2,218,073
NHN Corp. (a)	28,767		4,199,647
Samsung Electronics Co. Ltd.	30,620		18,131,085
Shinhan Financial Group Co. Ltd. (a)	61,662		2,083,712
Shinhan Financial Group Co. Ltd. sponsored ADR	118,200		7,952,496
TOTAL KOREA (SOUTH)			59,377,944
Luxembourg - 1.0%
ArcelorMittal SA (NY Shares) Class A	78,700		2,836,348
Evraz Group SA GDR	161,700		3,557,400
MHP SA GDR (Reg. S) (a)	16,200		137,700
Ternium SA sponsored ADR (a)(d)	75,700		1,544,280
TOTAL LUXEMBOURG			8,075,728
Malaysia - 0.2%
DiGi.com Bhd	288,300		1,816,965
Mexico - 5.0%
America Movil SAB de CV Series L sponsored ADR	406,500		17,483,565
Empresas ICA Sociedad Controladora SA de CV sponsored ADR (a)	550,100		4,081,742
Fomento Economico Mexicano SAB de CV sponsored ADR	154,000		5,944,400
Grupo Aeroportuario del Pacifico SA de CV sponsored ADR	113,200		3,159,412
Common Stocks - continued
	Shares		Value
Mexico - continued
Grupo Televisa SA de CV (CPO) sponsored ADR	226,000		$ 4,088,340
Telmex Internacional SAB de CV Series L ADR	181,500		2,279,640
Wal-Mart de Mexico SA de CV Series V	841,800		2,864,902
TOTAL MEXICO			39,902,001
Norway - 0.1%
Det Norske Oljeselskap ASA (DNO) (A Shares) (a)	954,000		1,166,839
Papua New Guinea - 0.3%
Oil Search Ltd.	501,767		2,366,700
Peru - 0.4%
Compania de Minas Buenaventura SA sponsored ADR	115,300		3,003,565
Philippines - 0.3%
Megaworld Corp.	16,280,000		467,855
Philippine Long Distance Telephone Co. sponsored ADR	43,100		2,270,077
TOTAL PHILIPPINES			2,737,932
Russia - 6.8%
Magnit OJSC GDR (Reg. S) (a)	141,500		1,386,700
Mechel Steel Group OAO sponsored ADR	244,300		2,609,124
OAO Gazprom	250,000		1,262,500
OAO Gazprom sponsored ADR	842,900		17,490,175
OAO NOVATEK GDR	78,300		3,375,513
OAO Tatneft sponsored ADR	158,600		3,949,140
OJSC MMC Norilsk Nickel sponsored ADR	485,900		4,873,577
OJSC Oil Company Rosneft GDR (Reg. S)	990,900		6,054,399
PIK Group GDR (Reg. S) unit (a)	133,600		233,800
Polymetal JSC GDR (Reg. S) (a)	283,500		2,296,350
Sberbank (Savings Bank of the Russian Federation) GDR	33,300		6,454,672
Uralkali JSC GDR (Reg. S)	127,800		2,351,520
Vimpel Communications sponsored ADR	169,200		2,285,892
TOTAL RUSSIA			54,623,362
Singapore - 0.4%
Singapore Exchange Ltd.	125,000		757,365
Straits Asia Resources Ltd.	1,471,000		2,177,064
TOTAL SINGAPORE			2,934,429
South Africa - 6.2%
Absa Group Ltd.	183,528		2,778,936
African Bank Investments Ltd.	279,500		1,079,461
AngloGold Ashanti Ltd. sponsored ADR	73,100		2,865,520
Aspen Pharmacare Holdings Ltd.	447,400		3,430,451
Common Stocks - continued
	Shares		Value
South Africa - continued
Bell Equipment Ltd. (a)	126,632		$ 130,548
Clicks Group Ltd.	551,000		1,454,186
Eqstra Holdings Ltd. (a)	270,300		230,591
FirstRand Ltd.	2,813,900		5,500,884
Lewis Group Ltd.	200,900		1,320,348
Mr. Price Group Ltd.	708,900		2,789,010
MTN Group Ltd.	1,025,200		16,910,515
Mvelaphanda Resources Ltd. (a)	387,914		1,946,069
Naspers Ltd. Class N	135,300		4,036,334
Raubex Group Ltd.	410,000		1,312,951
Shoprite Holdings Ltd.	348,200		2,557,655
Wilson Bayly Holmes-Ovcon Ltd.	105,400		1,534,820
TOTAL SOUTH AFRICA			49,878,279
Taiwan - 6.4%
Acer, Inc.	2,058,980		4,342,622
Asia Cement Corp.	3,181,000		3,403,020
Farglory Land Development Co. Ltd.	865,000		2,048,476
Hon Hai Precision Industry Co. Ltd. (Foxconn)	3,306,200		11,386,791
HTC Corp.	427,000		5,823,910
Innolux Display Corp.	1,789,000		2,355,526
MediaTek, Inc.	461,856		6,637,157
Taiwan Mobile Co. Ltd.	1,191,000		1,822,255
Taiwan Semiconductor Manufacturing Co. Ltd.	5,670,284		10,179,205
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	291,751		3,054,633
TOTAL TAIWAN			51,053,595
Thailand - 0.9%
Siam Commercial Bank PCL (For. Reg.)	3,179,200		7,216,962
Turkey - 2.3%
Anadolu Efes Biracilik ve Malt Sanyii AS	358,000		3,845,014
Asya Katilim Bankasi AS (a)	2,599,000		4,982,109
Turk Hava Yollari AO	2,014,999		3,177,757
Turkiye Garanti Bankasi AS (a)	1,760,000		6,221,195
TOTAL TURKEY			18,226,075
United Arab Emirates - 0.3%
DP World Ltd.	7,374,719		2,654,899
United Kingdom - 2.1%
Hikma Pharmaceuticals PLC	376,300		2,733,205
Max Petroleum PLC (a)	5,063,300		2,199,406
Randgold Resources Ltd. sponsored ADR	38,000		2,360,560
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Standard Chartered PLC (Hong Kong)	116,750		$ 2,764,392
Tullow Oil PLC	131,200		2,166,751
Xstrata PLC	341,412		4,609,949
TOTAL UNITED KINGDOM			16,834,263
United States of America - 1.0%
Central European Distribution Corp. (a)	33,700		967,527
CTC Media, Inc. (a)	186,100		2,300,196
Freeport-McMoRan Copper & Gold, Inc.	72,600		4,377,780
TOTAL UNITED STATES OF AMERICA			7,645,503
TOTAL COMMON STOCKS (Cost $580,369,582)		792,081,873
Money Market Funds - 3.9%

Fidelity Cash Central Fund, 0.37% (b)	13,083,031		13,083,031
Fidelity Securities Lending Cash Central Fund, 0.22% (b)(c)	18,498,500		18,498,500
TOTAL MONEY MARKET FUNDS (Cost $31,581,531)		31,581,531
TOTAL INVESTMENT PORTFOLIO - 102.6% (Cost $611,951,113)			823,663,404
NET OTHER ASSETS - (2.6)%			(21,011,118)
NET ASSETS - 100%		$ 802,652,286

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	$ 59,989
Fidelity Securities Lending Cash Central Fund	2,721
Total	$ 62,710

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Brazil	$ 113,615,819	$ 113,615,819	$ -	$ -
China	98,949,591	98,949,591	-	-
India	74,940,708	65,839,602	9,101,106	-
Korea (South)	59,377,944	57,294,232	2,083,712	-
Russia	54,623,362	54,623,362	-	-
Taiwan	51,053,595	51,053,595	-	-
Hong Kong	50,595,542	50,595,542	-	-
South Africa	49,878,279	49,878,279	-	-
Mexico	39,902,001	39,902,001	-	-
Other	199,145,032	199,145,032	-	-
Money Market Funds	31,581,531	31,581,531	-	-
Total Investments in Securities:	$ 823,663,404	$ 812,478,586	$ 11,184,818	$ -

Income Tax Information

At July 31, 2009, the aggregate cost of investment securities for income tax purposes was $612,488,903. Net unrealized appreciation aggregated $211,174,501, of which $215,581,941 related to appreciated investment securities and $4,407,440 related to depreciated investment securities.

Investment Valuation

Quarterly Report

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Total International
Equity Fund

July 31, 2009

1.863105.101

TIE-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.3%
	Shares		Value
Australia - 2.5%
AMP Ltd.	35,175		$ 165,323
CSL Ltd.	3,491		89,191
Macquarie Airports unit	40,722		84,799
Macquarie Group Ltd.	6,027		221,878
Macquarie Infrastructure Group unit	58,602		71,063
Macquarie Office Trust	32,356		6,359
OZ Minerals Ltd.	32,999		30,909
QBE Insurance Group Ltd.	5,077		82,795
Sino Gold Mining Ltd. (a)	3,917		17,329
Wesfarmers Ltd.	1,901		41,096
Woolworths Ltd.	9,219		210,093
TOTAL AUSTRALIA			1,020,835
Austria - 0.1%
Andritz AG	290		12,710
Erste Bank AG	600		20,943
TOTAL AUSTRIA			33,653
Belgium - 1.3%
Anheuser-Busch InBev SA NV	10,280		408,999
Anheuser-Busch InBev SA NV (strip VVPR) (a)	6,080		26
Gimv NV	200		10,020
Umicore SA	3,546		92,588
TOTAL BELGIUM			511,633
Bermuda - 1.3%
Aquarius Platinum Ltd. (Australia)	5,812		24,157
China Foods Ltd.	31,980		19,766
China Sports International Ltd.	24,000		2,918
Lazard Ltd. Class A	2,600		96,174
Northern Offshore Ltd. (a)	6,241		6,717
Ports Design Ltd.	83,500		215,273
Seadrill Ltd.	10,900		174,913
TOTAL BERMUDA			539,918
Brazil - 4.2%
B2W Companhia Global Do Varejo	500		11,589
Banco ABC Brasil SA	6,300		26,638
Banco Bradesco SA:
(PN)	3,800		59,647
(PN) sponsored ADR	800		12,616
BM&F BOVESPA SA	37,500		241,961
BR Malls Participacoes SA (a)	300		3,119
Common Stocks - continued
	Shares		Value
Brazil - continued
Braskem SA Class A sponsored ADR (a)	9,400		$ 84,130
Companhia Energetica de Minas Gerais (CEMIG) (PN) sponsored ADR (non-vtg.)	1,150		16,422
Companhia Siderurgica Nacional SA (CSN) sponsored ADR	1,900		48,640
Cosan SA Industria e Comercio (a)	2,650		24,341
Gerdau SA	3,000		26,624
Gerdau SA (PN)	700		8,200
GVT Holding SA (a)	1,800		34,833
Iguatemi Empresa de Shopping Centers SA	1,700		20,398
Itau Unibanco Banco Multiplo SA ADR	8,570		153,317
MRV Engenharia e Participacoes SA	10,500		178,658
Natura Cosmeticos SA	1,520		21,651
Net Servicos de Comunicacao SA sponsored ADR	2,900		29,464
Petroleo Brasileiro SA - Petrobras:
(PN) sponsored ADR (non-vtg.)	3,500		117,950
sponsored ADR	6,400		263,936
Tele Norte Leste Participacoes SA sponsored ADR (non-vtg.)	1,200		18,468
Vale SA:
(PN-A) sponsored ADR	7,600		130,720
sponsored ADR	4,400		86,812
Votorantim Celulose e Papel SA sponsored ADR (non-vtg.) (a)	4,900		73,206
TOTAL BRAZIL			1,693,340
Canada - 2.4%
Addax Petroleum, Inc.	300		14,271
Agnico-Eagle Mines Ltd. (Canada)	2,160		126,691
Canadian Natural Resources Ltd.	900		54,099
Eldorado Gold Corp. (a)	2,800		28,147
Fairfax Financial Holdings Ltd. (sub. vtg.)	200		60,890
First Quantum Minerals Ltd.	900		59,939
Intact Financial Corp. (d)	800		26,235
Niko Resources Ltd.	940		66,224
Petrobank Energy & Resources Ltd. (a)	4,900		149,090
Power Corp. of Canada (sub. vtg.)	2,400		67,365
Quadra Mining Ltd. (a)	300		2,941
Sherritt International Corp.	4,300		24,467
Sino-Forest Corp. (a)	1,600		21,831
Suncor Energy, Inc.	2,600		84,080
Toronto-Dominion Bank	3,000		175,737
Uranium One, Inc. (a)	5,800		15,505
TOTAL CANADA			977,512
Common Stocks - continued
	Shares		Value
Cayman Islands - 0.8%
Chaoda Modern Agriculture (Holdings) Ltd.	122,704		$ 82,965
China Dongxiang Group Co. Ltd.	8,000		6,080
China High Speed Transmission Equipment Group Co. Ltd.	9,900		24,808
China Shanshui Cement Group Ltd.	15,000		9,755
CNinsure, Inc. ADR	500		8,810
Eurasia Drilling Co. Ltd. GDR (Reg. S)	1,500		18,750
Hengan International Group Co. Ltd.	4,300		25,024
Hidili Industry International Development Ltd. (a)	13,000		15,013
Himax Technologies, Inc. sponsored ADR	3,800		14,516
Integra Group Holdings unit (a)	5,700		11,970
Stella International Holdings Ltd.	11,000		18,196
Subsea 7, Inc. (a)	2,500		28,955
Suntech Power Holdings Co. Ltd. sponsored ADR (a)	900		16,551
Xinao Gas Holdings Ltd.	12,000		19,882
Yingli Green Energy Holding Co. Ltd. ADR (a)	1,400		18,578
TOTAL CAYMAN ISLANDS			319,853
China - 2.0%
Baidu.com, Inc. sponsored ADR (a)	50		17,407
BBMG Corp. Class H	4,000		5,213
China Construction Bank Corp. (H Shares)	149,000		120,164
China Gas Holdings Ltd.	86,000		23,082
China Merchants Bank Co. Ltd. (H Shares)	49,300		115,905
China Nepstar Chain Drugstore Ltd. ADR	1,600		9,472
China Oilfield Services Ltd. (H Shares)	14,000		15,265
China Railway Construction Corp. Ltd. (H Shares)	15,900		25,358
China South Locomotive & Rolling Stock Corp. Ltd. (H Shares)	32,000		19,820
China Yurun Food Group Ltd.	14,000		22,148
China Zaino International Ltd.	6,000		1,063
Golden Eagle Retail Group Ltd. (H Shares)	16,000		20,893
Industrial & Commercial Bank of China Ltd.	207,000		149,043
Li Ning Co. Ltd.	8,000		26,478
Maanshan Iron & Steel Co. Ltd. (H Shares)	16,000		12,449
NetEase.com, Inc. sponsored ADR (a)	300		13,218
Nine Dragons Paper (Holdings) Ltd.	42,000		43,301
Parkson Retail Group Ltd.	7,000		11,688
PICC Property & Casualty Co. Ltd. (H Shares) (a)	20,000		15,613
Ping An Insurance (Group) Co. of China, Ltd. (H Shares)	9,500		84,337
Shanda Interactive Entertainment Ltd. sponsored ADR (a)	200		9,916
Tencent Holdings Ltd.	3,000		40,491
ZTE Corp. (H Shares)	6,240		27,215
TOTAL CHINA			829,539
Common Stocks - continued
	Shares		Value
Cyprus - 0.0%
AFI Development PLC GDR (Reg. S)	1,700		$ 2,890
XXI Century Investments Public Ltd. (a)	1,000		376
TOTAL CYPRUS			3,266
Czech Republic - 0.1%
Ceske Energeticke Zavody AS	800		43,028
Denmark - 0.9%
Novo Nordisk AS:
Series B	1,108		65,209
Series B sponsored ADR	3,000		175,170
Vestas Wind Systems AS (a)	1,600		112,691
TOTAL DENMARK			353,070
Egypt - 0.0%
Telecom Egypt SAE	4,500		14,332
Finland - 0.7%
Nokia Corp. sponsored ADR	7,100		94,714
Nokian Tyres PLC	5,502		116,214
Outotec Oyj	3,700		87,697
Poyry Oyj	282		4,019
TOTAL FINLAND			302,644
France - 6.7%
Accor SA	936		39,954
Alstom SA	445		30,551
Audika SA	3,350		89,858
AXA SA sponsored ADR	19,800		418,572
BNP Paribas SA	5,142		374,860
Compagnie de St. Gobain	1,743		70,676
Danone	3,105		166,594
Delachaux SA	791		51,217
GDF Suez	3,815		145,748
Laurent-Perrier Group	620		41,240
Pernod Ricard SA	983		76,384
Remy Cointreau SA	1,771		70,095
Saft Groupe SA	597		23,288
Sanofi-Aventis	600		39,255
Sanofi-Aventis sponsored ADR	3,000		97,920
Societe Generale Series A	2,177		139,780
Total SA:
Series B	6,404		355,158
sponsored ADR	3,600		200,340
Common Stocks - continued
	Shares		Value
France - continued
Unibail-Rodamco	1,000		$ 174,736
Veolia Environnement sponsored ADR	1,100		37,851
Vivendi	2,473		63,532
TOTAL FRANCE			2,707,609
Georgia - 0.1%
Bank of Georgia unit (a)	5,300		31,535
Germany - 6.7%
Allianz AG sponsored ADR	32,300		320,093
alstria office REIT-AG	838		6,700
BASF AG	1,600		80,179
Bayer AG	1,800		110,468
Bilfinger Berger AG	250		13,112
Biotest AG	71		4,316
centrotherm photovoltaics AG (a)	1,800		93,177
Daimler AG	8,900		413,405
Deutsche Bank AG	1,100		71,389
Deutsche Bank AG (NY Shares)	1,600		103,840
DIC Asset AG	600		4,233
E.ON AG	17,165		649,775
GEA Group AG	1,400		22,927
GFK AG	2,100		48,487
Linde AG	900		84,942
Metro AG	800		46,326
Munich Re Group (Reg.)	2,900		438,494
Siemens AG sponsored ADR	1,100		87,428
Software AG (Bearer)	510		38,161
Vossloh AG	660		76,551
TOTAL GERMANY			2,714,003
Greece - 0.3%
Hellenic Telecommunications Organization SA	4,251		66,646
Terna Energy SA	6,549		50,870
TOTAL GREECE			117,516
Hong Kong - 2.8%
China Mobile (Hong Kong) Ltd.	10,000		104,937
China Mobile (Hong Kong) Ltd. sponsored ADR	700		36,729
China Overseas Land & Investment Ltd.	45,564		112,413
China Resources Power Holdings Co. Ltd.	10,800		27,941
CNOOC Ltd.	25,000		33,264
CNOOC Ltd. sponsored ADR	460		61,332
Common Stocks - continued
	Shares		Value
Hong Kong - continued
CNPC (Hong Kong) Ltd.	30,000		$ 30,388
Hong Kong Exchange & Clearing Ltd.	12,500		235,811
Hutchison Whampoa Ltd.	9,000		67,414
Shanghai Industrial Holdings Ltd. (H Shares)	5,550		30,078
Swire Pacific Ltd. (A Shares)	31,500		353,823
Techtronic Industries Co. Ltd.	45,000		37,336
TOTAL HONG KONG			1,131,466
Hungary - 0.1%
OTP Bank Ltd. (a)	1,200		25,690
India - 1.8%
Bank of Baroda	1,000		9,337
Bharat Heavy Electricals Ltd.	671		31,292
Bharti Airtel Ltd.	17,043		146,144
Educomp Solutions Ltd.	200		17,161
Grasim Industries Ltd.	400		23,547
Housing Development Finance Corp. Ltd.	844		44,755
Infosys Technologies Ltd.	530		22,877
Infosys Technologies Ltd. sponsored ADR	1,700		73,151
Jain Irrigation Systems Ltd.	1,130		16,684
JSW Steel Ltd.	1,500		21,884
Jyothy Laboratories Ltd.	606		1,318
Pantaloon Retail India Ltd.	2,418		16,503
Pantaloon Retail India Ltd. Class B	341		1,520
Punj Lloyd Ltd.	4,750		24,502
Reliance Industries Ltd. GDR (Reg. S) (a)(d)	824		66,744
Rural Electrification Corp. Ltd.	130		551
Satyam Computer Services Ltd. sponsored ADR	100		504
Shree Renuka Sugars Ltd.	6,450		22,529
Suzlon Energy Ltd.	20,812		43,430
Tata Power Co. Ltd.	1,000		27,211
Tata Steel Ltd.	11,261		108,866
Union Bank of India	2,000		10,068
TOTAL INDIA			730,578
Indonesia - 0.6%
PT Bank Central Asia Tbk	111,500		42,409
PT Bank Rakyat Indonesia Tbk	98,500		72,449
PT Bumi Resources Tbk	96,500		27,224
PT Indocement Tunggal Prakarsa Tbk	21,500		20,146
PT International Nickel Indonesia Tbk (a)	24,500		10,615
Common Stocks - continued
	Shares		Value
Indonesia - continued
PT Perusahaan Gas Negara Tbk Series B	93,200		$ 32,867
PT Telkomunikasi Indonesia Tbk Series B	37,000		33,365
TOTAL INDONESIA			239,075
Ireland - 0.6%
CRH PLC	299		7,138
CRH PLC sponsored ADR (c)	8,400		207,732
Dragon Oil PLC (a)	3,300		18,497
TOTAL IRELAND			233,367
Israel - 0.4%
Israel Chemicals Ltd.	2,000		22,667
Mellanox Technologies Ltd. (a)	800		12,664
Partner Communications Co. Ltd. ADR	1,702		32,100
Teva Pharmaceutical Industries Ltd. sponsored ADR	1,700		90,678
TOTAL ISRAEL			158,109
Italy - 2.7%
Azimut Holdings SpA	9,636		103,003
ENI SpA sponsored ADR	5,400		251,532
Fiat SpA (a)	7,100		78,728
Finmeccanica SpA	6,500		98,570
Intesa Sanpaolo SpA	69,500		258,781
UniCredit SpA	103,741		303,846
TOTAL ITALY			1,094,460
Japan - 14.0%
Autobacs Seven Co. Ltd.	2,800		95,592
Daikoku Denki Co. Ltd.	600		8,086
Denso Corp.	9,900		292,469
East Japan Railway Co.	4,400		252,531
Fanuc Ltd.	1,400		114,977
FCC Co. Ltd.	700		11,313
Fukuoka (REIT) Investment Fund	2		10,231
GCA Savvian Group Corp.	3		3,704
Glory Ltd.	300		6,183
Gunma Bank Ltd.	2,000		11,627
Honda Motor Co. Ltd.	2,600		83,160
Japan Retail Fund Investment Corp.	14		70,289
Japan Steel Works Ltd.	5,000		65,532
JSR Corp.	3,000		54,096
Kamigumi Co. Ltd.	1,000		8,340
KDDI Corp.	9		47,754
Common Stocks - continued
	Shares		Value
Japan - continued
Keyence Corp.	510		$ 100,749
Kobayashi Pharmaceutical Co. Ltd.	2,900		111,880
Konica Minolta Holdings, Inc.	6,000		65,638
Meiko Network Japan Co. Ltd.	600		3,412
Miraca Holdings, Inc.	3,800		94,990
Miraial Co. Ltd.	100		2,096
Mitsubishi Estate Co. Ltd.	2,000		33,337
Mitsubishi UFJ Financial Group, Inc.	38,200		233,331
Mitsubishi UFJ Financial Group, Inc. sponsored ADR	24,780		153,636
Mitsui & Co. Ltd.	32,700		410,262
Nabtesco Corp.	1,000		11,362
Nagaileben Co. Ltd.	2,100		42,528
Nihon Parkerizing Co. Ltd.	1,000		11,436
Nippon Electric Glass Co. Ltd.	3,000		34,817
Nippon Seiki Co. Ltd.	8,000		98,510
Nippon Thompson Co. Ltd.	19,000		91,576
Nitta Corp.	200		3,017
Nitto Kohki Co. Ltd.	200		4,156
Obic Co. Ltd.	450		76,815
Ohashi Technica, Inc.	300		1,877
ORIX Corp.	2,720		172,210
Osaka Gas Co. Ltd.	83,000		276,345
Osaka Securities Exchange Co. Ltd.	25		112,303
OSG Corp.	1,500		13,778
Ozeki Co. Ltd.	4,200		125,410
Pal Co. Ltd.	150		2,917
Promise Co. Ltd. (c)	13,500		142,263
SAZABY, Inc.	300		4,449
Seven & i Holdings Co., Ltd.	3,300		77,434
SHIMANO, Inc.	250		10,253
Shin-Etsu Chemical Co., Ltd.	2,500		134,764
Shiseido Co. Ltd.	3,000		48,959
SHO-BOND Holdings Co. Ltd.	2,400		45,407
Sompo Japan Insurance, Inc.	1,000		6,638
Sony Financial Holdings, Inc.	16		49,331
Sparx Group Co. Ltd. (a)	47		8,038
Sumitomo Corp.	9,600		95,077
Sumitomo Metal Industries Ltd.	30,000		74,834
Sumitomo Mitsui Financial Group, Inc.	3,600		154,106
The Nippon Synthetic Chemical Industry Co. Ltd.	14,000		68,957
THK Co. Ltd.	700		11,498
Toho Holdings Co. Ltd.	1,000		13,476
Common Stocks - continued
	Shares		Value
Japan - continued
Tokio Marine Holdings, Inc.	3,900		$ 113,360
Tokuyama Corp.	8,000		60,543
Toyota Motor Corp.	13,100		549,938
Tsumura & Co.	3,800		122,905
Tsutsumi Jewelry Co. Ltd.	400		8,058
USS Co. Ltd.	2,630		164,566
Xebio Co. Ltd.	4,900		106,432
Yamada Denki Co. Ltd.	3,080		192,724
Yamato Kogyo Co. Ltd.	300		9,354
TOTAL JAPAN			5,697,636
Korea (South) - 1.2%
GS Engineering & Construction Corp.	417		29,876
Hana Financial Group, Inc.	1,800		51,525
Hyundai Engineering & Construction Co. Ltd.	538		27,853
Hyundai Heavy Industries Co. Ltd.	201		35,344
KT&G Corp.	432		25,191
MegaStudy Co. Ltd.	100		19,498
NHN Corp. (a)	821		119,856
Samsung Electronics Co. Ltd.	209		123,756
Shinhan Financial Group Co. Ltd. (a)	549		18,552
Shinhan Financial Group Co. Ltd. sponsored ADR	800		53,824
TOTAL KOREA (SOUTH)			505,275
Luxembourg - 0.8%
ArcelorMittal SA:
(Netherlands)	1,600		57,580
(NY Shares) Class A	6,100		219,844
Evraz Group SA GDR	1,400		30,800
GlobeOp Financial Services SA	2,300		4,611
MHP SA GDR (Reg. S) (a)	100		850
Ternium SA sponsored ADR (a)	600		12,240
TOTAL LUXEMBOURG			325,925
Malaysia - 0.0%
DiGi.com Bhd	2,000		12,605
Mexico - 1.7%
America Movil SAB de CV Series L sponsored ADR	5,700		245,157
Cemex SA de CV sponsored ADR (a)	7,329		68,819
Desarrolladora Homex SAB de CV sponsored ADR (a)	1,700		59,891
Empresas ICA Sociedad Controladora SA de CV sponsored ADR (a)	3,600		26,712
Common Stocks - continued
	Shares		Value
Mexico - continued
Fomento Economico Mexicano SAB de CV sponsored ADR	2,700		$ 104,220
Grupo Aeroportuario del Pacifico SA de CV sponsored ADR	800		22,328
Grupo Televisa SA de CV (CPO) sponsored ADR	1,600		28,944
Telmex Internacional SAB de CV Series L ADR	1,300		16,328
Wal-Mart de Mexico SA de CV Series V	35,500		120,817
TOTAL MEXICO			693,216
Netherlands - 1.6%
Aalberts Industries NV	1,400		13,010
Akzo Nobel NV	700		38,406
ASML Holding NV (NY Shares)	6,950		180,770
Gemalto NV (a)	2,300		85,886
James Hardie Industries NV sponsored ADR	4,000		83,760
Koninklijke KPN NV	9,600		144,281
QIAGEN NV (a)	4,400		83,424
TOTAL NETHERLANDS			629,537
Norway - 0.6%
Det Norske Oljeselskap ASA (DNO) (A Shares) (a)	14,000		17,123
DnB Nor ASA (a)	18,100		157,446
Orkla ASA (A Shares)	10,000		79,159
Sevan Marine ASA (a)	4,000		5,219
TOTAL NORWAY			258,947
Papua New Guinea - 0.4%
Lihir Gold Ltd. sponsored ADR (a)	4,050		95,621
Oil Search Ltd.	12,724		60,016
TOTAL PAPUA NEW GUINEA			155,637
Peru - 0.1%
Compania de Minas Buenaventura SA sponsored ADR	800		20,840
Philippines - 0.4%
Jollibee Food Corp.	69,400		72,984
Megaworld Corp.	150,000		4,311
Philippine Long Distance Telephone Co.	110		5,830
Philippine Long Distance Telephone Co. sponsored ADR	1,400		73,738
TOTAL PHILIPPINES			156,863
Russia - 0.9%
Magnit OJSC GDR (Reg. S) (a)	1,200		11,760
Mechel Steel Group OAO sponsored ADR	1,700		18,156
OAO Gazprom	1,800		9,090
OAO Gazprom sponsored ADR	5,680		117,860
Common Stocks - continued
	Shares		Value
Russia - continued
OAO NOVATEK GDR	500		$ 21,555
OAO Tatneft sponsored ADR	1,200		29,880
OJSC MMC Norilsk Nickel sponsored ADR	3,200		32,096
OJSC Oil Company Rosneft GDR (Reg. S)	6,800		41,548
PIK Group GDR (Reg. S) unit (a)	1,300		2,275
Polymetal JSC GDR (Reg. S) (a)	2,000		16,200
Sberbank (Savings Bank of the Russian Federation) GDR	190		36,828
Vimpel Communications sponsored ADR	1,200		16,212
TOTAL RUSSIA			353,460
Singapore - 1.5%
Allgreen Properties Ltd.	14,000		11,673
CapitaLand Ltd.	21,000		55,739
City Developments Ltd.	7,000		49,319
DBS Group Holdings Ltd.	17,000		163,952
Keppel Land Ltd.	3,000		5,545
Singapore Exchange Ltd.	29,000		175,709
Straits Asia Resources Ltd.	10,000		14,800
United Overseas Bank Ltd.	7,000		85,992
Wing Tai Holdings Ltd.	40,000		48,082
TOTAL SINGAPORE			610,811
South Africa - 2.9%
Absa Group Ltd.	1,473		22,304
African Bank Investments Ltd.	2,600		10,041
African Rainbow Minerals Ltd.	9,963		168,793
AngloGold Ashanti Ltd. sponsored ADR	500		19,600
Aspen Pharmacare Holdings Ltd.	3,300		25,303
Bell Equipment Ltd. (a)	7,061		7,279
Blue Financial Services Ltd. (a)	114,939		34,215
Clicks Group Ltd.	4,600		12,140
Eqstra Holdings Ltd. (a)	3,500		2,986
FirstRand Ltd.	17,800		34,797
Impala Platinum Holdings Ltd.	6,900		167,156
JSE Ltd.	10,900		84,967
Lewis Group Ltd.	1,300		8,544
Mr. Price Group Ltd.	23,900		94,029
MTN Group Ltd.	25,103		414,070
Mvelaphanda Resources Ltd. (a)	3,422		17,167
Naspers Ltd. Class N	900		26,849
Raubex Group Ltd.	3,000		9,607
Common Stocks - continued
	Shares		Value
South Africa - continued
Shoprite Holdings Ltd.	300		$ 2,204
Wilson Bayly Holmes-Ovcon Ltd.	800		11,649
TOTAL SOUTH AFRICA			1,173,700
Spain - 2.9%
Banco Bilbao Vizcaya Argentaria SA sponsored ADR	3,759		61,798
Banco Santander SA	4,300		62,266
Banco Santander SA sponsored ADR	5,900		85,314
Grifols SA	2,380		43,334
Iberdrola SA	15,700		134,706
Inditex SA	1,900		102,199
Prosegur Comp Securidad SA (Reg.)	2,391		82,979
Telefonica SA sponsored ADR	7,940		592,642
TOTAL SPAIN			1,165,238
Sweden - 0.7%
H&M Hennes & Mauritz AB (B Shares)	3,100		184,269
Intrum Justitia AB	400		4,129
Swedish Match Co.	3,100		59,168
Telefonaktiebolaget LM Ericsson (B Shares)	4,800		47,249
TOTAL SWEDEN			294,815
Switzerland - 7.3%
ABB Ltd. sponsored ADR	7,400		135,272
Actelion Ltd. (Reg.) (a)	2,045		112,808
Bank Sarasin & Co. Ltd.:
rights 9/15/09 (a)	3,319		3,044
Series B (Reg.)	3,214		104,813
Credit Suisse Group sponsored ADR	4,500		213,165
EFG International	7,440		91,899
Nestle SA (Reg.)	16,093		662,303
Novartis AG sponsored ADR	2,400		109,488
Roche Holding AG (participation certificate)	6,106		962,767
Sonova Holding AG	1,372		121,004
Transocean Ltd. (a)	2,220		176,912
Zurich Financial Services AG (Reg.)	1,397		274,524
TOTAL SWITZERLAND			2,967,999
Taiwan - 1.1%
Acer, Inc.	5,050		10,651
Asia Cement Corp.	20,000		21,396
Farglory Land Development Co. Ltd.	7,000		16,577
Hon Hai Precision Industry Co. Ltd. (Foxconn)	45,964		158,303
Common Stocks - continued
	Shares		Value
Taiwan - continued
HTC Corp.	2,600		$ 35,462
Innolux Display Corp.	33,900		44,635
MediaTek, Inc.	3,006		43,198
Taiwan Mobile Co. Ltd.	8,000		12,240
Taiwan Semiconductor Manufacturing Co. Ltd.	34,168		61,338
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	2,210		23,139
TOTAL TAIWAN			426,939
Thailand - 0.2%
Siam Commercial Bank PCL (For. Reg.)	35,100		79,679
Turkey - 1.2%
Albaraka Turk Katilim Bankasi AS	5,000		7,783
Anadolu Efes Biracilik ve Malt Sanyii AS	11,330		121,687
Asya Katilim Bankasi AS (a)	67,200		128,818
Coca-Cola Icecek AS	11,500		68,792
Tupras-Turkiye Petrol Rafinerileri AS	400		5,166
Turk Hava Yollari AO	16,000		25,233
Turkiye Garanti Bankasi AS (a)	42,200		149,167
TOTAL TURKEY			506,646
United Arab Emirates - 0.0%
DP World Ltd.	52,400		18,864
United Kingdom - 15.2%
Aberdeen Asset Management PLC	38,300		79,665
Aegis Group PLC	32,400		44,658
Anglo American PLC (United Kingdom)	2,942		94,863
Babcock International Group PLC	11,500		90,445
BAE Systems PLC	30,800		157,975
Begbies Traynor Group PLC	6,400		11,174
BG Group PLC	15,900		265,376
BHP Billiton PLC	2,300		60,060
BHP Billiton PLC ADR	9,400		497,260
BlueBay Asset Management	500		2,022
Bovis Homes Group PLC	17,048		131,587
BP PLC sponsored ADR	900		45,036
British American Tobacco PLC sponsored ADR	1,000		62,190
Cobham PLC	20,100		60,144
Derwent London PLC	800		12,898
easyJet PLC (a)	15,100		76,250
GlaxoSmithKline PLC sponsored ADR	2,200		84,238
Great Portland Estates PLC	20,372		79,133
H&T Group PLC	2,500		9,293
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Hikma Pharmaceuticals PLC	2,800		$ 20,337
HSBC Holdings PLC:
(United Kingdom) (Reg.)	12,280		124,278
sponsored ADR	1,900		96,330
Imperial Tobacco Group PLC	700		20,010
Informa PLC	37,259		149,241
InterContinental Hotel Group PLC ADR	1,000		11,320
International Power PLC	6,223		26,538
Johnson Matthey PLC	4,757		112,537
Man Group PLC	62,189		287,541
Max Petroleum PLC (a)	34,800		15,116
Misys PLC	33,700		102,048
National Grid PLC	9,700		90,509
Persimmon PLC	7,266		54,657
Prudential PLC	29,800		223,170
Randgold Resources Ltd. sponsored ADR	300		18,636
Reckitt Benckiser Group PLC	5,300		254,661
Rio Tinto PLC:
(Reg.)	5,796		241,427
sponsored ADR	1,290		216,178
Royal Dutch Shell PLC Class A sponsored ADR	7,600		400,064
Serco Group PLC	28,787		194,061
Shaftesbury PLC	16,633		91,842
Spectris PLC	1,116		10,385
Spirax-Sarco Engineering PLC	4,604		70,612
SSL International PLC	2,800		26,454
Standard Chartered PLC:
(Hong Kong)	950		22,494
(United Kingdom)	11,711		278,027
Ted Baker PLC	12,075		75,450
Tesco PLC	27,700		170,073
Tullow Oil PLC	900		14,863
Ultra Electronics Holdings PLC	600		11,428
Unite Group PLC	6,400		13,473
Victrex PLC	8,318		90,608
Vodafone Group PLC	33,100		68,064
Vodafone Group PLC sponsored ADR	19,800		407,484
Wolseley PLC (a)	4,538		101,518
WPP PLC	17,738		136,827
Xstrata PLC	2,428		32,784
TOTAL UNITED KINGDOM			6,145,312
Common Stocks - continued
	Shares		Value
United States of America - 4.5%
Advanced Energy Industries, Inc. (a)	12,581		$ 151,349
Airgas, Inc.	980		43,688
Allergan, Inc.	1,200		64,116
Autoliv, Inc.	2,500		89,525
Berkshire Hathaway, Inc. Class B (a)	29		92,235
Broadpoint Gleacher Securities Group, Inc. (a)	600		3,738
Central European Distribution Corp. (a)	700		20,097
CTC Media, Inc. (a)	1,300		16,068
CyberSource Corp. (a)	8,600		149,124
Dril-Quip, Inc. (a)	230		9,727
FMC Technologies, Inc. (a)	950		41,325
Freeport-McMoRan Copper & Gold, Inc.	500		30,150
Gilead Sciences, Inc. (a)	1,200		58,716
Goldman Sachs Group, Inc.	600		97,980
ION Geophysical Corp. (a)	1,411		3,796
Juniper Networks, Inc. (a)	4,100		107,133
Martin Marietta Materials, Inc.	800		68,856
Mohawk Industries, Inc. (a)	2,840		146,487
Philip Morris International, Inc.	1,700		79,220
Pricesmart, Inc.	8,095		132,029
Varian Semiconductor Equipment Associates, Inc. (a)	3,100		99,324
Visa, Inc. Class A	5,160		337,774
TOTAL UNITED STATES OF AMERICA			1,842,457
TOTAL COMMON STOCKS (Cost $44,031,404)		39,868,432
Nonconvertible Preferred Stocks - 0.3%

Italy - 0.3%
Telecom Italia SpA (Risparmio Shares) (Cost $143,487)	104,200		117,398
Money Market Funds - 0.9%

Fidelity Securities Lending Cash Central Fund, 0.22% (b)(e) (Cost $344,350)	344,350		344,350
Cash Equivalents - 1.4%
	Maturity Amount		Value
Investments in repurchase agreements in a joint trading account at 0.19%, dated 7/31/09 due 8/3/09 (Collateralized by U.S. Treasury Obligations) # (Cost $578,000)	$ 578,009		$ 578,000
TOTAL INVESTMENT PORTFOLIO - 100.9% (Cost $45,097,241)			40,908,180
NET OTHER ASSETS - (0.9)%			(354,186)
NET ASSETS - 100%		$ 40,553,994

Legend

(a) Non-income producing

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

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

Repurchase Agreement / Counterparty	Value
$578,000 due 8/03/09 at 0.19%
BNP Paribas Securities Corp.	$ 26,020
Barclays Capital, Inc.	100,782
Credit Suisse Securities (USA) LLC	26,439
Deutsche Bank Securities, Inc.	84,657
HSBC Securities (USA), Inc.	110,137
ING Financial Markets LLC	120,938
J.P. Morgan Securities, Inc.	18,324
Mizuho Securities USA, Inc.	20,156
Morgan Stanley & Co., Inc.	20,156
Societe Generale, New York Branch	50,391
	$ 578,000

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
Fidelity Securities Lending Cash Central Fund	$ 8,603

Other Information

The following is a summary of the inputs used, as of July 31, 2009, involving the Fund's assets and liabilities 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:
Equities:
United Kingdom	$ 6,145,312	$ 5,574,716	$ 570,596	$ -
Japan	5,697,636	4,831,207	866,429	-
Switzerland	2,967,999	2,967,999	-	-
Germany	2,714,003	2,642,614	71,389	-
France	2,707,609	2,313,196	394,413	-
United States of America	1,842,457	1,842,457	-	-
Brazil	1,693,340	1,693,340	-	-
Italy	1,211,858	1,211,858	-	-
South africa	1,173,700	1,173,700	-	-
Cyprus	3,266	2,890	-	376
Other	13,828,650	13,502,927	325,723	-
Cash Equivalents	578,000	-	578,000	-
Money Market Funds	344,350	344,350	-	-
Total Investments in Securities:	$ 40,908,180	$ 38,101,254	$ 2,806,550	$ 376

The following is a reconciliation of Investments in Securities 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)	71,398
Cost of Purchases	19,734
Proceeds of Sales	(9,970)
Amortization/Accretion	-
Transfer in/out of Level 3	(26,703)
Ending Balance	$ 376
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ (145)

Income Tax Information

At July 31, 2009, the aggregate cost of investment securities for income tax purposes was $46,132,994. Net unrealized depreciation aggregated $5,224,814, of which $4,185,841 related to appreciated investment securities and $9,410,655 related to depreciated investment securities.

Investment Valuation

Quarterly Report

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

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

July 31, 2009

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

1.863099.101

ATIE-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.3%
	Shares		Value
Australia - 2.5%
AMP Ltd.	35,175		$ 165,323
CSL Ltd.	3,491		89,191
Macquarie Airports unit	40,722		84,799
Macquarie Group Ltd.	6,027		221,878
Macquarie Infrastructure Group unit	58,602		71,063
Macquarie Office Trust	32,356		6,359
OZ Minerals Ltd.	32,999		30,909
QBE Insurance Group Ltd.	5,077		82,795
Sino Gold Mining Ltd. (a)	3,917		17,329
Wesfarmers Ltd.	1,901		41,096
Woolworths Ltd.	9,219		210,093
TOTAL AUSTRALIA			1,020,835
Austria - 0.1%
Andritz AG	290		12,710
Erste Bank AG	600		20,943
TOTAL AUSTRIA			33,653
Belgium - 1.3%
Anheuser-Busch InBev SA NV	10,280		408,999
Anheuser-Busch InBev SA NV (strip VVPR) (a)	6,080		26
Gimv NV	200		10,020
Umicore SA	3,546		92,588
TOTAL BELGIUM			511,633
Bermuda - 1.3%
Aquarius Platinum Ltd. (Australia)	5,812		24,157
China Foods Ltd.	31,980		19,766
China Sports International Ltd.	24,000		2,918
Lazard Ltd. Class A	2,600		96,174
Northern Offshore Ltd. (a)	6,241		6,717
Ports Design Ltd.	83,500		215,273
Seadrill Ltd.	10,900		174,913
TOTAL BERMUDA			539,918
Brazil - 4.2%
B2W Companhia Global Do Varejo	500		11,589
Banco ABC Brasil SA	6,300		26,638
Banco Bradesco SA:
(PN)	3,800		59,647
(PN) sponsored ADR	800		12,616
BM&F BOVESPA SA	37,500		241,961
BR Malls Participacoes SA (a)	300		3,119
Common Stocks - continued
	Shares		Value
Brazil - continued
Braskem SA Class A sponsored ADR (a)	9,400		$ 84,130
Companhia Energetica de Minas Gerais (CEMIG) (PN) sponsored ADR (non-vtg.)	1,150		16,422
Companhia Siderurgica Nacional SA (CSN) sponsored ADR	1,900		48,640
Cosan SA Industria e Comercio (a)	2,650		24,341
Gerdau SA	3,000		26,624
Gerdau SA (PN)	700		8,200
GVT Holding SA (a)	1,800		34,833
Iguatemi Empresa de Shopping Centers SA	1,700		20,398
Itau Unibanco Banco Multiplo SA ADR	8,570		153,317
MRV Engenharia e Participacoes SA	10,500		178,658
Natura Cosmeticos SA	1,520		21,651
Net Servicos de Comunicacao SA sponsored ADR	2,900		29,464
Petroleo Brasileiro SA - Petrobras:
(PN) sponsored ADR (non-vtg.)	3,500		117,950
sponsored ADR	6,400		263,936
Tele Norte Leste Participacoes SA sponsored ADR (non-vtg.)	1,200		18,468
Vale SA:
(PN-A) sponsored ADR	7,600		130,720
sponsored ADR	4,400		86,812
Votorantim Celulose e Papel SA sponsored ADR (non-vtg.) (a)	4,900		73,206
TOTAL BRAZIL			1,693,340
Canada - 2.4%
Addax Petroleum, Inc.	300		14,271
Agnico-Eagle Mines Ltd. (Canada)	2,160		126,691
Canadian Natural Resources Ltd.	900		54,099
Eldorado Gold Corp. (a)	2,800		28,147
Fairfax Financial Holdings Ltd. (sub. vtg.)	200		60,890
First Quantum Minerals Ltd.	900		59,939
Intact Financial Corp. (d)	800		26,235
Niko Resources Ltd.	940		66,224
Petrobank Energy & Resources Ltd. (a)	4,900		149,090
Power Corp. of Canada (sub. vtg.)	2,400		67,365
Quadra Mining Ltd. (a)	300		2,941
Sherritt International Corp.	4,300		24,467
Sino-Forest Corp. (a)	1,600		21,831
Suncor Energy, Inc.	2,600		84,080
Toronto-Dominion Bank	3,000		175,737
Uranium One, Inc. (a)	5,800		15,505
TOTAL CANADA			977,512
Common Stocks - continued
	Shares		Value
Cayman Islands - 0.8%
Chaoda Modern Agriculture (Holdings) Ltd.	122,704		$ 82,965
China Dongxiang Group Co. Ltd.	8,000		6,080
China High Speed Transmission Equipment Group Co. Ltd.	9,900		24,808
China Shanshui Cement Group Ltd.	15,000		9,755
CNinsure, Inc. ADR	500		8,810
Eurasia Drilling Co. Ltd. GDR (Reg. S)	1,500		18,750
Hengan International Group Co. Ltd.	4,300		25,024
Hidili Industry International Development Ltd. (a)	13,000		15,013
Himax Technologies, Inc. sponsored ADR	3,800		14,516
Integra Group Holdings unit (a)	5,700		11,970
Stella International Holdings Ltd.	11,000		18,196
Subsea 7, Inc. (a)	2,500		28,955
Suntech Power Holdings Co. Ltd. sponsored ADR (a)	900		16,551
Xinao Gas Holdings Ltd.	12,000		19,882
Yingli Green Energy Holding Co. Ltd. ADR (a)	1,400		18,578
TOTAL CAYMAN ISLANDS			319,853
China - 2.0%
Baidu.com, Inc. sponsored ADR (a)	50		17,407
BBMG Corp. Class H	4,000		5,213
China Construction Bank Corp. (H Shares)	149,000		120,164
China Gas Holdings Ltd.	86,000		23,082
China Merchants Bank Co. Ltd. (H Shares)	49,300		115,905
China Nepstar Chain Drugstore Ltd. ADR	1,600		9,472
China Oilfield Services Ltd. (H Shares)	14,000		15,265
China Railway Construction Corp. Ltd. (H Shares)	15,900		25,358
China South Locomotive & Rolling Stock Corp. Ltd. (H Shares)	32,000		19,820
China Yurun Food Group Ltd.	14,000		22,148
China Zaino International Ltd.	6,000		1,063
Golden Eagle Retail Group Ltd. (H Shares)	16,000		20,893
Industrial & Commercial Bank of China Ltd.	207,000		149,043
Li Ning Co. Ltd.	8,000		26,478
Maanshan Iron & Steel Co. Ltd. (H Shares)	16,000		12,449
NetEase.com, Inc. sponsored ADR (a)	300		13,218
Nine Dragons Paper (Holdings) Ltd.	42,000		43,301
Parkson Retail Group Ltd.	7,000		11,688
PICC Property & Casualty Co. Ltd. (H Shares) (a)	20,000		15,613
Ping An Insurance (Group) Co. of China, Ltd. (H Shares)	9,500		84,337
Shanda Interactive Entertainment Ltd. sponsored ADR (a)	200		9,916
Tencent Holdings Ltd.	3,000		40,491
ZTE Corp. (H Shares)	6,240		27,215
TOTAL CHINA			829,539
Common Stocks - continued
	Shares		Value
Cyprus - 0.0%
AFI Development PLC GDR (Reg. S)	1,700		$ 2,890
XXI Century Investments Public Ltd. (a)	1,000		376
TOTAL CYPRUS			3,266
Czech Republic - 0.1%
Ceske Energeticke Zavody AS	800		43,028
Denmark - 0.9%
Novo Nordisk AS:
Series B	1,108		65,209
Series B sponsored ADR	3,000		175,170
Vestas Wind Systems AS (a)	1,600		112,691
TOTAL DENMARK			353,070
Egypt - 0.0%
Telecom Egypt SAE	4,500		14,332
Finland - 0.7%
Nokia Corp. sponsored ADR	7,100		94,714
Nokian Tyres PLC	5,502		116,214
Outotec Oyj	3,700		87,697
Poyry Oyj	282		4,019
TOTAL FINLAND			302,644
France - 6.7%
Accor SA	936		39,954
Alstom SA	445		30,551
Audika SA	3,350		89,858
AXA SA sponsored ADR	19,800		418,572
BNP Paribas SA	5,142		374,860
Compagnie de St. Gobain	1,743		70,676
Danone	3,105		166,594
Delachaux SA	791		51,217
GDF Suez	3,815		145,748
Laurent-Perrier Group	620		41,240
Pernod Ricard SA	983		76,384
Remy Cointreau SA	1,771		70,095
Saft Groupe SA	597		23,288
Sanofi-Aventis	600		39,255
Sanofi-Aventis sponsored ADR	3,000		97,920
Societe Generale Series A	2,177		139,780
Total SA:
Series B	6,404		355,158
sponsored ADR	3,600		200,340
Common Stocks - continued
	Shares		Value
France - continued
Unibail-Rodamco	1,000		$ 174,736
Veolia Environnement sponsored ADR	1,100		37,851
Vivendi	2,473		63,532
TOTAL FRANCE			2,707,609
Georgia - 0.1%
Bank of Georgia unit (a)	5,300		31,535
Germany - 6.7%
Allianz AG sponsored ADR	32,300		320,093
alstria office REIT-AG	838		6,700
BASF AG	1,600		80,179
Bayer AG	1,800		110,468
Bilfinger Berger AG	250		13,112
Biotest AG	71		4,316
centrotherm photovoltaics AG (a)	1,800		93,177
Daimler AG	8,900		413,405
Deutsche Bank AG	1,100		71,389
Deutsche Bank AG (NY Shares)	1,600		103,840
DIC Asset AG	600		4,233
E.ON AG	17,165		649,775
GEA Group AG	1,400		22,927
GFK AG	2,100		48,487
Linde AG	900		84,942
Metro AG	800		46,326
Munich Re Group (Reg.)	2,900		438,494
Siemens AG sponsored ADR	1,100		87,428
Software AG (Bearer)	510		38,161
Vossloh AG	660		76,551
TOTAL GERMANY			2,714,003
Greece - 0.3%
Hellenic Telecommunications Organization SA	4,251		66,646
Terna Energy SA	6,549		50,870
TOTAL GREECE			117,516
Hong Kong - 2.8%
China Mobile (Hong Kong) Ltd.	10,000		104,937
China Mobile (Hong Kong) Ltd. sponsored ADR	700		36,729
China Overseas Land & Investment Ltd.	45,564		112,413
China Resources Power Holdings Co. Ltd.	10,800		27,941
CNOOC Ltd.	25,000		33,264
CNOOC Ltd. sponsored ADR	460		61,332
Common Stocks - continued
	Shares		Value
Hong Kong - continued
CNPC (Hong Kong) Ltd.	30,000		$ 30,388
Hong Kong Exchange & Clearing Ltd.	12,500		235,811
Hutchison Whampoa Ltd.	9,000		67,414
Shanghai Industrial Holdings Ltd. (H Shares)	5,550		30,078
Swire Pacific Ltd. (A Shares)	31,500		353,823
Techtronic Industries Co. Ltd.	45,000		37,336
TOTAL HONG KONG			1,131,466
Hungary - 0.1%
OTP Bank Ltd. (a)	1,200		25,690
India - 1.8%
Bank of Baroda	1,000		9,337
Bharat Heavy Electricals Ltd.	671		31,292
Bharti Airtel Ltd.	17,043		146,144
Educomp Solutions Ltd.	200		17,161
Grasim Industries Ltd.	400		23,547
Housing Development Finance Corp. Ltd.	844		44,755
Infosys Technologies Ltd.	530		22,877
Infosys Technologies Ltd. sponsored ADR	1,700		73,151
Jain Irrigation Systems Ltd.	1,130		16,684
JSW Steel Ltd.	1,500		21,884
Jyothy Laboratories Ltd.	606		1,318
Pantaloon Retail India Ltd.	2,418		16,503
Pantaloon Retail India Ltd. Class B	341		1,520
Punj Lloyd Ltd.	4,750		24,502
Reliance Industries Ltd. GDR (Reg. S) (a)(d)	824		66,744
Rural Electrification Corp. Ltd.	130		551
Satyam Computer Services Ltd. sponsored ADR	100		504
Shree Renuka Sugars Ltd.	6,450		22,529
Suzlon Energy Ltd.	20,812		43,430
Tata Power Co. Ltd.	1,000		27,211
Tata Steel Ltd.	11,261		108,866
Union Bank of India	2,000		10,068
TOTAL INDIA			730,578
Indonesia - 0.6%
PT Bank Central Asia Tbk	111,500		42,409
PT Bank Rakyat Indonesia Tbk	98,500		72,449
PT Bumi Resources Tbk	96,500		27,224
PT Indocement Tunggal Prakarsa Tbk	21,500		20,146
PT International Nickel Indonesia Tbk (a)	24,500		10,615
Common Stocks - continued
	Shares		Value
Indonesia - continued
PT Perusahaan Gas Negara Tbk Series B	93,200		$ 32,867
PT Telkomunikasi Indonesia Tbk Series B	37,000		33,365
TOTAL INDONESIA			239,075
Ireland - 0.6%
CRH PLC	299		7,138
CRH PLC sponsored ADR (c)	8,400		207,732
Dragon Oil PLC (a)	3,300		18,497
TOTAL IRELAND			233,367
Israel - 0.4%
Israel Chemicals Ltd.	2,000		22,667
Mellanox Technologies Ltd. (a)	800		12,664
Partner Communications Co. Ltd. ADR	1,702		32,100
Teva Pharmaceutical Industries Ltd. sponsored ADR	1,700		90,678
TOTAL ISRAEL			158,109
Italy - 2.7%
Azimut Holdings SpA	9,636		103,003
ENI SpA sponsored ADR	5,400		251,532
Fiat SpA (a)	7,100		78,728
Finmeccanica SpA	6,500		98,570
Intesa Sanpaolo SpA	69,500		258,781
UniCredit SpA	103,741		303,846
TOTAL ITALY			1,094,460
Japan - 14.0%
Autobacs Seven Co. Ltd.	2,800		95,592
Daikoku Denki Co. Ltd.	600		8,086
Denso Corp.	9,900		292,469
East Japan Railway Co.	4,400		252,531
Fanuc Ltd.	1,400		114,977
FCC Co. Ltd.	700		11,313
Fukuoka (REIT) Investment Fund	2		10,231
GCA Savvian Group Corp.	3		3,704
Glory Ltd.	300		6,183
Gunma Bank Ltd.	2,000		11,627
Honda Motor Co. Ltd.	2,600		83,160
Japan Retail Fund Investment Corp.	14		70,289
Japan Steel Works Ltd.	5,000		65,532
JSR Corp.	3,000		54,096
Kamigumi Co. Ltd.	1,000		8,340
KDDI Corp.	9		47,754
Common Stocks - continued
	Shares		Value
Japan - continued
Keyence Corp.	510		$ 100,749
Kobayashi Pharmaceutical Co. Ltd.	2,900		111,880
Konica Minolta Holdings, Inc.	6,000		65,638
Meiko Network Japan Co. Ltd.	600		3,412
Miraca Holdings, Inc.	3,800		94,990
Miraial Co. Ltd.	100		2,096
Mitsubishi Estate Co. Ltd.	2,000		33,337
Mitsubishi UFJ Financial Group, Inc.	38,200		233,331
Mitsubishi UFJ Financial Group, Inc. sponsored ADR	24,780		153,636
Mitsui & Co. Ltd.	32,700		410,262
Nabtesco Corp.	1,000		11,362
Nagaileben Co. Ltd.	2,100		42,528
Nihon Parkerizing Co. Ltd.	1,000		11,436
Nippon Electric Glass Co. Ltd.	3,000		34,817
Nippon Seiki Co. Ltd.	8,000		98,510
Nippon Thompson Co. Ltd.	19,000		91,576
Nitta Corp.	200		3,017
Nitto Kohki Co. Ltd.	200		4,156
Obic Co. Ltd.	450		76,815
Ohashi Technica, Inc.	300		1,877
ORIX Corp.	2,720		172,210
Osaka Gas Co. Ltd.	83,000		276,345
Osaka Securities Exchange Co. Ltd.	25		112,303
OSG Corp.	1,500		13,778
Ozeki Co. Ltd.	4,200		125,410
Pal Co. Ltd.	150		2,917
Promise Co. Ltd. (c)	13,500		142,263
SAZABY, Inc.	300		4,449
Seven & i Holdings Co., Ltd.	3,300		77,434
SHIMANO, Inc.	250		10,253
Shin-Etsu Chemical Co., Ltd.	2,500		134,764
Shiseido Co. Ltd.	3,000		48,959
SHO-BOND Holdings Co. Ltd.	2,400		45,407
Sompo Japan Insurance, Inc.	1,000		6,638
Sony Financial Holdings, Inc.	16		49,331
Sparx Group Co. Ltd. (a)	47		8,038
Sumitomo Corp.	9,600		95,077
Sumitomo Metal Industries Ltd.	30,000		74,834
Sumitomo Mitsui Financial Group, Inc.	3,600		154,106
The Nippon Synthetic Chemical Industry Co. Ltd.	14,000		68,957
THK Co. Ltd.	700		11,498
Toho Holdings Co. Ltd.	1,000		13,476
Common Stocks - continued
	Shares		Value
Japan - continued
Tokio Marine Holdings, Inc.	3,900		$ 113,360
Tokuyama Corp.	8,000		60,543
Toyota Motor Corp.	13,100		549,938
Tsumura & Co.	3,800		122,905
Tsutsumi Jewelry Co. Ltd.	400		8,058
USS Co. Ltd.	2,630		164,566
Xebio Co. Ltd.	4,900		106,432
Yamada Denki Co. Ltd.	3,080		192,724
Yamato Kogyo Co. Ltd.	300		9,354
TOTAL JAPAN			5,697,636
Korea (South) - 1.2%
GS Engineering & Construction Corp.	417		29,876
Hana Financial Group, Inc.	1,800		51,525
Hyundai Engineering & Construction Co. Ltd.	538		27,853
Hyundai Heavy Industries Co. Ltd.	201		35,344
KT&G Corp.	432		25,191
MegaStudy Co. Ltd.	100		19,498
NHN Corp. (a)	821		119,856
Samsung Electronics Co. Ltd.	209		123,756
Shinhan Financial Group Co. Ltd. (a)	549		18,552
Shinhan Financial Group Co. Ltd. sponsored ADR	800		53,824
TOTAL KOREA (SOUTH)			505,275
Luxembourg - 0.8%
ArcelorMittal SA:
(Netherlands)	1,600		57,580
(NY Shares) Class A	6,100		219,844
Evraz Group SA GDR	1,400		30,800
GlobeOp Financial Services SA	2,300		4,611
MHP SA GDR (Reg. S) (a)	100		850
Ternium SA sponsored ADR (a)	600		12,240
TOTAL LUXEMBOURG			325,925
Malaysia - 0.0%
DiGi.com Bhd	2,000		12,605
Mexico - 1.7%
America Movil SAB de CV Series L sponsored ADR	5,700		245,157
Cemex SA de CV sponsored ADR (a)	7,329		68,819
Desarrolladora Homex SAB de CV sponsored ADR (a)	1,700		59,891
Empresas ICA Sociedad Controladora SA de CV sponsored ADR (a)	3,600		26,712
Common Stocks - continued
	Shares		Value
Mexico - continued
Fomento Economico Mexicano SAB de CV sponsored ADR	2,700		$ 104,220
Grupo Aeroportuario del Pacifico SA de CV sponsored ADR	800		22,328
Grupo Televisa SA de CV (CPO) sponsored ADR	1,600		28,944
Telmex Internacional SAB de CV Series L ADR	1,300		16,328
Wal-Mart de Mexico SA de CV Series V	35,500		120,817
TOTAL MEXICO			693,216
Netherlands - 1.6%
Aalberts Industries NV	1,400		13,010
Akzo Nobel NV	700		38,406
ASML Holding NV (NY Shares)	6,950		180,770
Gemalto NV (a)	2,300		85,886
James Hardie Industries NV sponsored ADR	4,000		83,760
Koninklijke KPN NV	9,600		144,281
QIAGEN NV (a)	4,400		83,424
TOTAL NETHERLANDS			629,537
Norway - 0.6%
Det Norske Oljeselskap ASA (DNO) (A Shares) (a)	14,000		17,123
DnB Nor ASA (a)	18,100		157,446
Orkla ASA (A Shares)	10,000		79,159
Sevan Marine ASA (a)	4,000		5,219
TOTAL NORWAY			258,947
Papua New Guinea - 0.4%
Lihir Gold Ltd. sponsored ADR (a)	4,050		95,621
Oil Search Ltd.	12,724		60,016
TOTAL PAPUA NEW GUINEA			155,637
Peru - 0.1%
Compania de Minas Buenaventura SA sponsored ADR	800		20,840
Philippines - 0.4%
Jollibee Food Corp.	69,400		72,984
Megaworld Corp.	150,000		4,311
Philippine Long Distance Telephone Co.	110		5,830
Philippine Long Distance Telephone Co. sponsored ADR	1,400		73,738
TOTAL PHILIPPINES			156,863
Russia - 0.9%
Magnit OJSC GDR (Reg. S) (a)	1,200		11,760
Mechel Steel Group OAO sponsored ADR	1,700		18,156
OAO Gazprom	1,800		9,090
OAO Gazprom sponsored ADR	5,680		117,860
Common Stocks - continued
	Shares		Value
Russia - continued
OAO NOVATEK GDR	500		$ 21,555
OAO Tatneft sponsored ADR	1,200		29,880
OJSC MMC Norilsk Nickel sponsored ADR	3,200		32,096
OJSC Oil Company Rosneft GDR (Reg. S)	6,800		41,548
PIK Group GDR (Reg. S) unit (a)	1,300		2,275
Polymetal JSC GDR (Reg. S) (a)	2,000		16,200
Sberbank (Savings Bank of the Russian Federation) GDR	190		36,828
Vimpel Communications sponsored ADR	1,200		16,212
TOTAL RUSSIA			353,460
Singapore - 1.5%
Allgreen Properties Ltd.	14,000		11,673
CapitaLand Ltd.	21,000		55,739
City Developments Ltd.	7,000		49,319
DBS Group Holdings Ltd.	17,000		163,952
Keppel Land Ltd.	3,000		5,545
Singapore Exchange Ltd.	29,000		175,709
Straits Asia Resources Ltd.	10,000		14,800
United Overseas Bank Ltd.	7,000		85,992
Wing Tai Holdings Ltd.	40,000		48,082
TOTAL SINGAPORE			610,811
South Africa - 2.9%
Absa Group Ltd.	1,473		22,304
African Bank Investments Ltd.	2,600		10,041
African Rainbow Minerals Ltd.	9,963		168,793
AngloGold Ashanti Ltd. sponsored ADR	500		19,600
Aspen Pharmacare Holdings Ltd.	3,300		25,303
Bell Equipment Ltd. (a)	7,061		7,279
Blue Financial Services Ltd. (a)	114,939		34,215
Clicks Group Ltd.	4,600		12,140
Eqstra Holdings Ltd. (a)	3,500		2,986
FirstRand Ltd.	17,800		34,797
Impala Platinum Holdings Ltd.	6,900		167,156
JSE Ltd.	10,900		84,967
Lewis Group Ltd.	1,300		8,544
Mr. Price Group Ltd.	23,900		94,029
MTN Group Ltd.	25,103		414,070
Mvelaphanda Resources Ltd. (a)	3,422		17,167
Naspers Ltd. Class N	900		26,849
Raubex Group Ltd.	3,000		9,607
Common Stocks - continued
	Shares		Value
South Africa - continued
Shoprite Holdings Ltd.	300		$ 2,204
Wilson Bayly Holmes-Ovcon Ltd.	800		11,649
TOTAL SOUTH AFRICA			1,173,700
Spain - 2.9%
Banco Bilbao Vizcaya Argentaria SA sponsored ADR	3,759		61,798
Banco Santander SA	4,300		62,266
Banco Santander SA sponsored ADR	5,900		85,314
Grifols SA	2,380		43,334
Iberdrola SA	15,700		134,706
Inditex SA	1,900		102,199
Prosegur Comp Securidad SA (Reg.)	2,391		82,979
Telefonica SA sponsored ADR	7,940		592,642
TOTAL SPAIN			1,165,238
Sweden - 0.7%
H&M Hennes & Mauritz AB (B Shares)	3,100		184,269
Intrum Justitia AB	400		4,129
Swedish Match Co.	3,100		59,168
Telefonaktiebolaget LM Ericsson (B Shares)	4,800		47,249
TOTAL SWEDEN			294,815
Switzerland - 7.3%
ABB Ltd. sponsored ADR	7,400		135,272
Actelion Ltd. (Reg.) (a)	2,045		112,808
Bank Sarasin & Co. Ltd.:
rights 9/15/09 (a)	3,319		3,044
Series B (Reg.)	3,214		104,813
Credit Suisse Group sponsored ADR	4,500		213,165
EFG International	7,440		91,899
Nestle SA (Reg.)	16,093		662,303
Novartis AG sponsored ADR	2,400		109,488
Roche Holding AG (participation certificate)	6,106		962,767
Sonova Holding AG	1,372		121,004
Transocean Ltd. (a)	2,220		176,912
Zurich Financial Services AG (Reg.)	1,397		274,524
TOTAL SWITZERLAND			2,967,999
Taiwan - 1.1%
Acer, Inc.	5,050		10,651
Asia Cement Corp.	20,000		21,396
Farglory Land Development Co. Ltd.	7,000		16,577
Hon Hai Precision Industry Co. Ltd. (Foxconn)	45,964		158,303
Common Stocks - continued
	Shares		Value
Taiwan - continued
HTC Corp.	2,600		$ 35,462
Innolux Display Corp.	33,900		44,635
MediaTek, Inc.	3,006		43,198
Taiwan Mobile Co. Ltd.	8,000		12,240
Taiwan Semiconductor Manufacturing Co. Ltd.	34,168		61,338
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	2,210		23,139
TOTAL TAIWAN			426,939
Thailand - 0.2%
Siam Commercial Bank PCL (For. Reg.)	35,100		79,679
Turkey - 1.2%
Albaraka Turk Katilim Bankasi AS	5,000		7,783
Anadolu Efes Biracilik ve Malt Sanyii AS	11,330		121,687
Asya Katilim Bankasi AS (a)	67,200		128,818
Coca-Cola Icecek AS	11,500		68,792
Tupras-Turkiye Petrol Rafinerileri AS	400		5,166
Turk Hava Yollari AO	16,000		25,233
Turkiye Garanti Bankasi AS (a)	42,200		149,167
TOTAL TURKEY			506,646
United Arab Emirates - 0.0%
DP World Ltd.	52,400		18,864
United Kingdom - 15.2%
Aberdeen Asset Management PLC	38,300		79,665
Aegis Group PLC	32,400		44,658
Anglo American PLC (United Kingdom)	2,942		94,863
Babcock International Group PLC	11,500		90,445
BAE Systems PLC	30,800		157,975
Begbies Traynor Group PLC	6,400		11,174
BG Group PLC	15,900		265,376
BHP Billiton PLC	2,300		60,060
BHP Billiton PLC ADR	9,400		497,260
BlueBay Asset Management	500		2,022
Bovis Homes Group PLC	17,048		131,587
BP PLC sponsored ADR	900		45,036
British American Tobacco PLC sponsored ADR	1,000		62,190
Cobham PLC	20,100		60,144
Derwent London PLC	800		12,898
easyJet PLC (a)	15,100		76,250
GlaxoSmithKline PLC sponsored ADR	2,200		84,238
Great Portland Estates PLC	20,372		79,133
H&T Group PLC	2,500		9,293
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Hikma Pharmaceuticals PLC	2,800		$ 20,337
HSBC Holdings PLC:
(United Kingdom) (Reg.)	12,280		124,278
sponsored ADR	1,900		96,330
Imperial Tobacco Group PLC	700		20,010
Informa PLC	37,259		149,241
InterContinental Hotel Group PLC ADR	1,000		11,320
International Power PLC	6,223		26,538
Johnson Matthey PLC	4,757		112,537
Man Group PLC	62,189		287,541
Max Petroleum PLC (a)	34,800		15,116
Misys PLC	33,700		102,048
National Grid PLC	9,700		90,509
Persimmon PLC	7,266		54,657
Prudential PLC	29,800		223,170
Randgold Resources Ltd. sponsored ADR	300		18,636
Reckitt Benckiser Group PLC	5,300		254,661
Rio Tinto PLC:
(Reg.)	5,796		241,427
sponsored ADR	1,290		216,178
Royal Dutch Shell PLC Class A sponsored ADR	7,600		400,064
Serco Group PLC	28,787		194,061
Shaftesbury PLC	16,633		91,842
Spectris PLC	1,116		10,385
Spirax-Sarco Engineering PLC	4,604		70,612
SSL International PLC	2,800		26,454
Standard Chartered PLC:
(Hong Kong)	950		22,494
(United Kingdom)	11,711		278,027
Ted Baker PLC	12,075		75,450
Tesco PLC	27,700		170,073
Tullow Oil PLC	900		14,863
Ultra Electronics Holdings PLC	600		11,428
Unite Group PLC	6,400		13,473
Victrex PLC	8,318		90,608
Vodafone Group PLC	33,100		68,064
Vodafone Group PLC sponsored ADR	19,800		407,484
Wolseley PLC (a)	4,538		101,518
WPP PLC	17,738		136,827
Xstrata PLC	2,428		32,784
TOTAL UNITED KINGDOM			6,145,312
Common Stocks - continued
	Shares		Value
United States of America - 4.5%
Advanced Energy Industries, Inc. (a)	12,581		$ 151,349
Airgas, Inc.	980		43,688
Allergan, Inc.	1,200		64,116
Autoliv, Inc.	2,500		89,525
Berkshire Hathaway, Inc. Class B (a)	29		92,235
Broadpoint Gleacher Securities Group, Inc. (a)	600		3,738
Central European Distribution Corp. (a)	700		20,097
CTC Media, Inc. (a)	1,300		16,068
CyberSource Corp. (a)	8,600		149,124
Dril-Quip, Inc. (a)	230		9,727
FMC Technologies, Inc. (a)	950		41,325
Freeport-McMoRan Copper & Gold, Inc.	500		30,150
Gilead Sciences, Inc. (a)	1,200		58,716
Goldman Sachs Group, Inc.	600		97,980
ION Geophysical Corp. (a)	1,411		3,796
Juniper Networks, Inc. (a)	4,100		107,133
Martin Marietta Materials, Inc.	800		68,856
Mohawk Industries, Inc. (a)	2,840		146,487
Philip Morris International, Inc.	1,700		79,220
Pricesmart, Inc.	8,095		132,029
Varian Semiconductor Equipment Associates, Inc. (a)	3,100		99,324
Visa, Inc. Class A	5,160		337,774
TOTAL UNITED STATES OF AMERICA			1,842,457
TOTAL COMMON STOCKS (Cost $44,031,404)		39,868,432
Nonconvertible Preferred Stocks - 0.3%

Italy - 0.3%
Telecom Italia SpA (Risparmio Shares) (Cost $143,487)	104,200		117,398
Money Market Funds - 0.9%

Fidelity Securities Lending Cash Central Fund, 0.22% (b)(e) (Cost $344,350)	344,350		344,350
Cash Equivalents - 1.4%
	Maturity Amount		Value
Investments in repurchase agreements in a joint trading account at 0.19%, dated 7/31/09 due 8/3/09 (Collateralized by U.S. Treasury Obligations) # (Cost $578,000)	$ 578,009		$ 578,000
TOTAL INVESTMENT PORTFOLIO - 100.9% (Cost $45,097,241)			40,908,180
NET OTHER ASSETS - (0.9)%			(354,186)
NET ASSETS - 100%		$ 40,553,994

Legend

(a) Non-income producing

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

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

Repurchase Agreement / Counterparty	Value
$578,000 due 8/03/09 at 0.19%
BNP Paribas Securities Corp.	$ 26,020
Barclays Capital, Inc.	100,782
Credit Suisse Securities (USA) LLC	26,439
Deutsche Bank Securities, Inc.	84,657
HSBC Securities (USA), Inc.	110,137
ING Financial Markets LLC	120,938
J.P. Morgan Securities, Inc.	18,324
Mizuho Securities USA, Inc.	20,156
Morgan Stanley & Co., Inc.	20,156
Societe Generale, New York Branch	50,391
	$ 578,000

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
Fidelity Securities Lending Cash Central Fund	$ 8,603

Other Information

The following is a summary of the inputs used, as of July 31, 2009, involving the Fund's assets and liabilities 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:
Equities:
United Kingdom	$ 6,145,312	$ 5,574,716	$ 570,596	$ -
Japan	5,697,636	4,831,207	866,429	-
Switzerland	2,967,999	2,967,999	-	-
Germany	2,714,003	2,642,614	71,389	-
France	2,707,609	2,313,196	394,413	-
United States of America	1,842,457	1,842,457	-	-
Brazil	1,693,340	1,693,340	-	-
Italy	1,211,858	1,211,858	-	-
South africa	1,173,700	1,173,700	-	-
Cyprus	3,266	2,890	-	376
Other	13,828,650	13,502,927	325,723	-
Cash Equivalents	578,000	-	578,000	-
Money Market Funds	344,350	344,350	-	-
Total Investments in Securities:	$ 40,908,180	$ 38,101,254	$ 2,806,550	$ 376

The following is a reconciliation of Investments in Securities 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)	71,398
Cost of Purchases	19,734
Proceeds of Sales	(9,970)
Amortization/Accretion	-
Transfer in/out of Level 3	(26,703)
Ending Balance	$ 376
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ (145)

Income Tax Information

Investment Valuation

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

July 31, 2009

1.804829.105

WLD-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.3%
	Shares		Value
Australia - 1.8%
Billabong International Ltd.	257,122		$ 1,978,286
BlueScope Steel Ltd.	665,678		1,876,101
Commonwealth Bank of Australia	93,013		3,329,274
Macquarie Group Ltd.	55,192		2,031,834
Newcrest Mining Ltd.	65,000		1,630,785
QBE Insurance Group Ltd.	72,048		1,174,948
Wesfarmers Ltd.	173,131		3,742,807
Westfield Group unit	130,714		1,238,552
TOTAL AUSTRALIA			17,002,587
Belgium - 0.6%
Anheuser-Busch InBev SA NV	137,640		5,476,125
Bermuda - 0.4%
Aquarius Platinum Ltd. (United Kingdom)	81,666		354,742
Bunge Ltd.	7,000		489,790
Huabao International Holdings Ltd.	1,060,000		1,106,525
Ports Design Ltd.	200,500		516,912
Seadrill Ltd.	105,100		1,686,550
TOTAL BERMUDA			4,154,519
Brazil - 1.0%
Banco do Brasil SA	25,000		316,452
BM&F BOVESPA SA	182,298		1,176,242
GVT Holding SA (a)	26,800		518,622
Petroleo Brasileiro SA - Petrobras sponsored ADR	40,000		1,649,600
Redecard SA	12,000		178,585
Vivo Participacoes SA sponsored ADR	180,325		4,106,000
Votorantim Celulose e Papel SA sponsored ADR (non-vtg.) (a)	92,900		1,387,926
TOTAL BRAZIL			9,333,427
British Virgin Islands - 0.1%
Playtech Ltd.	215,387		1,049,854
Canada - 1.0%
Canadian Natural Resources Ltd.	29,000		1,743,203
Keyera Facilities Income Fund	13,000		229,749
Niko Resources Ltd.	27,800		1,958,528
Open Text Corp. (a)	25,500		966,413
Petro-Canada	27,200		1,123,245
Petrobank Energy & Resources Ltd. (a)	46,800		1,423,961
Research In Motion Ltd. (a)	10,000		760,000
Suncor Energy, Inc.	32,200		1,041,303
TOTAL CANADA			9,246,402
Cayman Islands - 0.7%
Belle International Holdings Ltd.	1,418,000		1,436,325
China Dongxiang Group Co. Ltd.	3,017,000		2,292,964
China High Speed Transmission Equipment Group Co. Ltd.	696,000		1,744,075

	Shares		Value
Ctrip.com International Ltd. sponsored ADR	12,000		$ 615,000
Xinyu Hengdeli Holdings Ltd.	968,000		358,479
TOTAL CAYMAN ISLANDS			6,446,843
Chile - 0.0%
Embotelladora Andina SA sponsored ADR	23,000		419,750
China - 1.6%
Baidu.com, Inc. sponsored ADR (a)	3,700		1,288,118
BYD Co. Ltd. (H Shares) (a)	278,500		1,543,459
Changyou.com Ltd. (A Shares) ADR	800		29,400
China Merchants Bank Co. Ltd. (H Shares)	604,350		1,420,835
China Telecom Corp. Ltd. (H Shares)	3,324,000		1,728,658
Industrial & Commercial Bank of China Ltd.	1,458,000		1,049,780
Li Ning Co. Ltd.	400,500		1,325,551
NetEase.com, Inc. sponsored ADR (a)	47,500		2,092,850
Tencent Holdings Ltd.	223,400		3,015,238
ZTE Corp. (H Shares)	482,984		2,106,474
TOTAL CHINA			15,600,363
Cyprus - 0.0%
Aisi Realty Public Ltd. (a)	583,060		41,400
Denmark - 0.6%
Novo Nordisk AS Series B	61,119		3,597,024
Vestas Wind Systems AS (a)	18,354		1,292,708
William Demant Holding AS (a)	8,600		511,895
TOTAL DENMARK			5,401,627
Finland - 0.2%
Nokia Corp. sponsored ADR	133,500		1,780,890
France - 4.6%
Accor SA	28,142		1,201,276
Alstom SA	37,600		2,581,401
AXA SA	165,989		3,503,634
BNP Paribas SA	94,254		6,871,262
Cap Gemini SA	39,200		1,809,902
Carrefour SA	50,422		2,366,839
Danone	36,500		1,958,354
Iliad Group SA	18,591		1,984,612
LVMH Moet Hennessy - Louis Vuitton	15,300		1,380,122
Orpea	27,000		1,282,982
Pernod Ricard SA	21,900		1,701,731
PPR SA	19,750		2,200,946
Sanofi-Aventis	35,300		2,309,503
Schneider Electric SA	24,124		2,191,555
Societe Generale Series A	40,572		2,605,027
Total SA Series B	129,325		7,172,203
Unibail-Rodamco	6,800		1,188,202
TOTAL FRANCE			44,309,551
Common Stocks - continued
	Shares		Value
Germany - 4.5%
Aixtron AG	106,100		$ 1,739,019
BASF AG	68,400		3,427,646
Bayerische Motoren Werke AG (BMW)	50,600		2,338,775
Beiersdorf AG	34,000		1,712,039
Daimler AG (Reg.)	55,798		2,591,767
Deutsche Bank AG	64,760		4,202,867
Deutsche Bank AG (NY Shares)	40,000		2,596,000
Deutsche Boerse AG	37,634		2,982,265
Deutsche Telekom AG (Reg.)	134,700		1,722,804
E.ON AG	188,278		7,127,196
Fresenius Medical Care AG & Co. KGaA	16,100		739,337
GEA Group AG	118,561		1,941,569
MAN AG	40,542		2,802,451
Munich Re Group (Reg.)	22,203		3,357,200
Siemens AG (Reg.)	45,830		3,642,513
TOTAL GERMANY			42,923,448
Hong Kong - 1.1%
Cheung Kong Holdings Ltd.	216,000		2,789,938
Hang Lung Properties Ltd.	237,000		868,507
Hong Kong Exchange & Clearing Ltd.	76,900		1,450,709
Li & Fung Ltd.	334,000		984,780
Sinotruk Hong Kong Ltd.	382,000		443,621
Sun Hung Kai Properties Ltd.	134,000		2,038,569
Techtronic Industries Co. Ltd.	2,650,000		2,198,688
TOTAL HONG KONG			10,774,812
India - 0.5%
HDFC Bank Ltd.	15,509		486,138
Indiabulls Real Estate Ltd.	210,000		1,081,505
Infosys Technologies Ltd.	12,311		531,400
Tata Steel Ltd.	170,000		1,643,481
Titan Industries Ltd.	5,782		147,987
Unitech Ltd.	398,104		750,009
TOTAL INDIA			4,640,520
Ireland - 1.8%
Covidien PLC	178,000		6,730,180
CRH PLC	87,100		2,079,333
Ingersoll-Rand Co. Ltd.	208,800		6,030,144
Paddy Power PLC (Ireland)	82,700		2,057,507
TOTAL IRELAND			16,897,164
Israel - 0.4%
Teva Pharmaceutical Industries Ltd. sponsored ADR	68,300		3,643,122
Italy - 0.6%
ENI SpA	121,982		2,850,224
Fiat SpA (a)	225,400		2,499,336
TOTAL ITALY			5,349,560

	Shares		Value
Japan - 9.6%
Asics Corp.	199,000		$ 1,882,518
Canon, Inc.	107,750		3,994,462
Daiwa Securities Group, Inc.	296,000		1,752,035
Denso Corp.	83,900		2,478,602
Fanuc Ltd.	19,200		1,576,831
Honda Motor Co. Ltd.	110,300		3,527,887
Inpex Corp.	141		1,078,998
JSR Corp.	88,600		1,597,628
JTEKT Corp.	346,500		3,922,434
Keyence Corp.	5,100		1,007,494
Misumi Group, Inc.	28,800		472,136
Mitsubishi Corp.	93,300		1,863,830
Mitsubishi UFJ Financial Group, Inc.	834,600		5,097,858
Mitsui & Co. Ltd.	205,400		2,576,998
Mitsui Sumitomo Insurance Group Holdings, Inc.	31,400		806,490
Murata Manufacturing Co. Ltd.	30,500		1,495,825
Nichi-iko Pharmaceutical Co. Ltd.	15,200		506,078
Nippon Electric Glass Co. Ltd.	115,000		1,334,637
Nissan Motor Co. Ltd.	397,600		2,885,426
Nitori Co. Ltd.	5,400		386,978
Nomura Holdings, Inc.	534,500		4,683,790
NSK Ltd.	378,000		2,049,614
Omron Corp.	72,500		1,175,510
ORIX Corp.	44,330		2,806,645
Point, Inc.	2,670		143,928
Promise Co. Ltd.	124,500		1,311,981
Rakuten, Inc.	4,160		2,673,375
Ricoh Co. Ltd.	234,000		3,071,853
Sawai Pharmaceutical Co. Ltd.	9,100		481,884
Shin-Etsu Chemical Co., Ltd.	43,300		2,334,108
SMC Corp.	6,100		688,595
Softbank Corp.	142,000		3,024,310
Sony Financial Holdings, Inc.	498		1,535,425
Sumco Corp.	68,300		1,281,392
Sumitomo Mitsui Financial Group, Inc.	164,400		7,037,522
Takashimaya Co. Ltd.	151,000		1,244,900
THK Co. Ltd.	100,600		1,652,388
Tokio Marine Holdings, Inc.	102,600		2,982,243
Tokyo Electron Ltd.	70,500		3,696,015
Toyota Motor Corp.	169,900		7,132,403
USS Co. Ltd.	18,810		1,176,992
TOTAL JAPAN			92,430,018
Korea (South) - 0.6%
Lotte Shopping Co. Ltd.	4,797		1,206,410
NHN Corp. (a)	12,068		1,761,788
Samsung Electronics Co. Ltd.	4,266		2,526,035
TOTAL KOREA (SOUTH)			5,494,233
Luxembourg - 1.0%
ArcelorMittal SA (NY Shares) Class A	141,600		5,103,264
Millicom International Cellular SA (a)	16,200		1,201,230
Common Stocks - continued
	Shares		Value
Luxembourg - continued
SES SA (A Shares) FDR unit	62,442		$ 1,249,496
Tenaris SA	111,900		1,696,925
TOTAL LUXEMBOURG			9,250,915
Mexico - 0.3%
America Movil SAB de CV Series L sponsored ADR	74,000		3,182,740
Netherlands - 1.6%
Akzo Nobel NV	39,300		2,156,194
ASML Holding NV:
(Netherlands)	87,800		2,292,654
(NY Shares)	28,000		728,280
Gemalto NV (a)	54,779		2,045,533
James Hardie Industries NV unit	494,465		2,146,174
Koninklijke Ahold NV	64,255		730,712
QIAGEN NV (a)	34,000		644,640
Randstad Holdings NV (a)	78,700		2,725,662
Royal DSM NV	57,200		2,044,629
TOTAL NETHERLANDS			15,514,478
Netherlands Antilles - 0.6%
Schlumberger Ltd.	109,800		5,874,300
Norway - 0.3%
DnB Nor ASA (a)	151,800		1,320,463
Pronova BioPharma ASA (a)	296,200		922,614
Sevan Marine ASA (a)	370,000		482,718
TOTAL NORWAY			2,725,795
Singapore - 0.4%
Ascendas Real Estate Investment Trust (A-REIT)	455,000		537,451
CapitaLand Ltd.	447,000		1,186,451
Singapore Exchange Ltd.	330,000		1,999,444
TOTAL SINGAPORE			3,723,346
South Africa - 0.5%
MTN Group Ltd.	293,400		4,839,588
Spain - 1.3%
Banco Santander SA	184,922		2,677,770
Inditex SA	19,309		1,038,611
Telefonica SA	367,867		9,152,149
TOTAL SPAIN			12,868,530
Sweden - 0.3%
H&M Hennes & Mauritz AB (B Shares)	50,500		3,001,808
Intrum Justitia AB	27,000		278,711
TOTAL SWEDEN			3,280,519
Switzerland - 5.2%
Actelion Ltd. (Reg.) (a)	62,984		3,474,390
BB BIOTECH AG	20,274		1,375,441
Credit Suisse Group sponsored ADR	75,600		3,581,172
Nestle SA (Reg.)	196,822		8,100,156

	Shares		Value
Nobel Biocare Holding AG (Switzerland)	59,700		$ 1,417,851
Noble Corp.	174,000		5,891,640
Novartis AG sponsored ADR	24,100		1,099,442
Partners Group Holding	10,260		1,080,101
Roche Holding AG (participation certificate)	49,097		7,741,398
Sonova Holding AG	32,712		2,885,047
Syngenta AG (Switzerland)	9,050		2,082,657
UBS AG (For. Reg.) (a)	148,561		2,174,867
Weatherford International Ltd. (a)	297,000		5,571,720
Zurich Financial Services AG (Reg.)	15,953		3,134,918
TOTAL SWITZERLAND			49,610,800
Taiwan - 0.3%
Hon Hai Precision Industry Co. Ltd. (Foxconn)	332,350		1,144,637
Taiwan Semiconductor Manufacturing Co. Ltd.	807,624		1,449,834
TOTAL TAIWAN			2,594,471
United Kingdom - 11.7%
Aberdeen Asset Management PLC	1,207,400		2,511,418
Aegis Group PLC	435,400		600,124
Anglo American PLC (United Kingdom)	79,500		2,563,439
AstraZeneca PLC (United Kingdom)	66,079		3,078,299
Babcock International Group PLC	154,900		1,218,261
Barclays PLC	476,100		2,420,360
Barclays PLC Sponsored ADR	31,000		636,740
BG Group PLC	205,271		3,426,033
BG Group PLC sponsored ADR	11,900		998,648
BHP Billiton PLC	290,319		7,581,112
BP PLC	1,009,500		8,372,719
British American Tobacco PLC sponsored ADR	13,000		808,470
Capita Group PLC	166,419		1,855,892
Carphone Warehouse Group PLC	865,658		2,596,027
Cookson Group PLC	178,770		929,614
Debenhams PLC	1,306,610		1,937,371
DSG International PLC	2,278,628		1,046,899
Experian PLC	158,300		1,306,491
HSBC Holdings PLC:
(Hong Kong) (Reg.)	74,645		747,892
(United Kingdom) (Reg.)	1,264,254		12,794,692
IG Group Holdings PLC	359,000		1,805,342
Imperial Tobacco Group PLC	133,300		3,810,471
Inchcape PLC	1,615,900		742,413
Informa PLC	742,103		2,972,496
InterContinental Hotel Group PLC	121,900		1,382,840
International Personal Finance PLC	540,630		1,210,329
Johnson Matthey PLC	59,800		1,414,695
Kesa Electricals PLC	132,300		287,896
Man Group PLC	737,314		3,409,091
Misys PLC	451,700		1,367,813
Mothercare PLC	4,200		37,190
National Grid PLC	133,300		1,243,804
Common Stocks - continued
	Shares		Value
United Kingdom - continued
NEXT PLC	56,959		$ 1,622,502
Prudential PLC	363,601		2,722,976
Reckitt Benckiser Group PLC	98,316		4,724,018
Rio Tinto PLC (Reg.)	164,453		6,850,147
Royal Dutch Shell PLC Class B	174,720		4,531,265
SSL International PLC	282,500		2,669,006
Standard Chartered PLC (United Kingdom)	154,464		3,667,075
Taylor Wimpey PLC	1,794,144		1,169,016
The Game Group PLC	180,900		444,278
Vodafone Group PLC	577,370		1,187,248
Vodafone Group PLC sponsored ADR	69,412		1,428,499
Wolseley PLC (a)	83,352		1,864,640
WPP PLC	164,900		1,272,000
Xstrata PLC	107,900		1,456,930
TOTAL UNITED KINGDOM			112,724,481
United States of America - 43.1%
3M Co.	28,000		1,974,560
Adobe Systems, Inc. (a)	14,000		453,880
Agilent Technologies, Inc.	66,000		1,532,520
Albemarle Corp.	25,000		742,750
Alpha Natural Resources, Inc. (a)	27,000		899,370
Amazon.com, Inc. (a)	46,800		4,013,568
American Express Co.	185,000		5,241,050
Amgen, Inc. (a)	65,000		4,050,150
Apple, Inc. (a)	107,600		17,580,764
Applied Materials, Inc.	92,000		1,269,600
Applied Micro Circuits Corp. (a)	35,572		307,698
Ardea Biosciences, Inc. (a)	9,000		175,320
Ashland, Inc.	45,000		1,491,300
Autoliv, Inc.	51,000		1,826,310
Avnet, Inc. (a)	120,400		2,937,760
Avon Products, Inc.	112,000		3,626,560
Ball Corp.	32,000		1,547,520
BioCryst Pharmaceuticals, Inc. (a)(c)	35,000		322,000
Biogen Idec, Inc. (a)	16,900		803,595
BorgWarner, Inc.	129,800		4,308,062
C.H. Robinson Worldwide, Inc.	65,000		3,544,450
Cabot Oil & Gas Corp.	13,000		456,690
Capital One Financial Corp.	17,000		521,900
Carlisle Companies, Inc.	94,000		2,945,020
Caterpillar, Inc.	73,000		3,216,380
CB Richard Ellis Group, Inc. Class A (a)	50,000		545,000
Celanese Corp. Class A	282,000		7,247,400
Cerner Corp. (a)	5,000		325,400
Charles Schwab Corp.	48,000		857,760
Chattem, Inc. (a)	54,000		3,384,180
Chevron Corp.	18,000		1,250,460
CIGNA Corp.	115,000		3,266,000
Cintas Corp.	43,000		1,082,740
Cisco Systems, Inc. (a)	444,000		9,772,440
Citrix Systems, Inc. (a)	84,000		2,990,400

	Shares		Value
CME Group, Inc.	4,300		$ 1,198,969
Coach, Inc.	32,000		946,880
CONSOL Energy, Inc.	21,000		746,130
Corn Products International, Inc.	10,000		280,000
Corning, Inc.	100,000		1,700,000
CSX Corp.	255,000		10,230,600
Cummins, Inc.	33,500		1,440,835
Cymer, Inc. (a)	7,000		239,470
Dell, Inc. (a)	63,000		842,940
Dendreon Corp. (a)	65,000		1,573,650
Dow Chemical Co.	97,000		2,053,490
eBay, Inc. (a)	112,000		2,380,000
EXCO Resources, Inc. (a)	25,000		343,500
Express Scripts, Inc. (a)	225,000		15,759,000
Exxon Mobil Corp.	209,000		14,711,510
First Solar, Inc. (a)	2,500		385,975
FMC Corp.	14,000		680,960
Ford Motor Co. (a)	295,000		2,360,000
Franklin Resources, Inc.	2,000		177,360
Freeport-McMoRan Copper & Gold, Inc.	79,600		4,799,880
General Cable Corp. (a)	45,000		1,744,650
Genworth Financial, Inc. Class A	865,000		5,968,500
Gilead Sciences, Inc. (a)	134,000		6,556,620
Globe Specialty Metals, Inc.	28,800		207,360
Goldman Sachs Group, Inc.	55,600		9,079,480
Google, Inc. Class A (a)	38,200		16,924,510
Harley-Davidson, Inc.	26,000		587,600
Henry Schein, Inc. (a)	7,000		359,660
Hewlett-Packard Co.	20,000		866,000
HLTH Corp. (a)	125,000		1,835,000
Illumina, Inc. (a)	7,000		252,980
ImmunoGen, Inc. (a)	44,023		382,560
Intel Corp.	111,000		2,136,750
James River Coal Co. (a)	30,000		557,100
Johnson & Johnson	211,000		12,847,790
JPMorgan Chase & Co.	357,400		13,813,510
Juniper Networks, Inc. (a)	13,000		339,690
Kansas City Southern (a)	58,000		1,177,980
Lam Research Corp. (a)	68,000		2,044,080
Las Vegas Sands Corp. (a)	35,000		327,250
Life Technologies Corp. (a)	106,000		4,826,180
Lubrizol Corp.	10,000		579,300
Mako Surgical Corp. (a)	34,700		303,972
Manpower, Inc.	10,000		479,500
Marriott International, Inc. Class A	7,129		153,559
Massey Energy Co.	80,000		2,128,000
McGraw-Hill Companies, Inc.	14,000		438,900
McKesson Corp.	26,000		1,329,900
MetLife, Inc.	14,000		475,300
Micromet, Inc. (a)	74,400		478,392
Micron Technology, Inc. (a)	60,000		383,400
Microsoft Corp.	369,000		8,678,880
MKS Instruments, Inc. (a)	26,000		503,620
Common Stocks - continued
	Shares		Value
United States of America - continued
Molson Coors Brewing Co. Class B	18,000		$ 813,780
Morgan Stanley	222,300		6,335,550
Occidental Petroleum Corp.	51,000		3,638,340
Oracle Corp.	289,900		6,415,487
Orthovita, Inc. (a)	35,000		227,850
Owens & Minor, Inc.	49,000		2,170,700
Owens-Illinois, Inc. (a)	46,000		1,561,240
Packaging Corp. of America	13,000		255,710
Palm, Inc. (a)	20,000		314,600
Petrohawk Energy Corp. (a)	56,000		1,359,680
Pfizer, Inc.	98,000		1,561,140
Philip Morris International, Inc.	180,000		8,388,000
Procter & Gamble Co.	35,000		1,942,850
QUALCOMM, Inc.	299,800		13,853,758
Quidel Corp. (a)	50,000		746,500
Range Resources Corp.	94,000		4,362,540
Regal-Beloit Corp.	28,300		1,311,988
Republic Services, Inc.	7,000		186,200
Riverbed Technology, Inc. (a)	76,000		1,520,760
Robert Half International, Inc.	7,000		173,530
Rockwell Automation, Inc.	13,000		538,330
Ross Stores, Inc.	60,000		2,645,400
SandRidge Energy, Inc. (a)	38,000		355,300
Sempra Energy	5,000		262,150
Skyworks Solutions, Inc. (a)	40,000		483,200
Sohu.com, Inc. (a)	42,100		2,575,257
Southwestern Energy Co. (a)	127,000		5,261,610
Starbucks Corp. (a)	48,000		849,600
Starwood Hotels & Resorts Worldwide, Inc.	10,000		236,100
Temple-Inland, Inc.	1,111,300		17,402,958
Tenneco, Inc. (a)	374,800		6,060,516
Teradyne, Inc. (a)	375,000		2,955,000
Terra Industries, Inc.	23,000		670,680
The Coca-Cola Co.	149,600		7,456,064
The Travelers Companies, Inc.	7,000		301,490
The Walt Disney Co.	65,000		1,632,800
Thermo Fisher Scientific, Inc. (a)	60,000		2,716,800
TJX Companies, Inc.	223,000		8,079,290
U.S. Bancorp, Delaware	49,300		1,006,213
Union Pacific Corp.	405,900		23,347,367
United Technologies Corp.	13,000		708,110
United Therapeutics Corp. (a)	16,000		1,481,920
VF Corp.	7,000		452,830
Visa, Inc. Class A	125,700		8,228,322
W.W. Grainger, Inc.	4,000		359,640
Western Digital Corp. (a)	28,000		847,000
Common Stocks - continued
	Shares		Value
WMS Industries, Inc. (a)	31,000		$ 1,120,960
Wyndham Worldwide Corp.	28,000		390,600
TOTAL UNITED STATES OF AMERICA			413,695,389
TOTAL COMMON STOCKS (Cost $850,026,175)		942,301,567
Nonconvertible Preferred Stocks - 0.3%

Italy - 0.3%
Intesa Sanpaolo SpA (Cost $3,049,350)	864,400		2,439,332

Convertible Bonds - 0.6%
	Principal Amount
Bermuda - 0.2%
Ingersoll-Rand Global Holding Co. Ltd. 4.5% 4/15/12	$ 890,000		1,543,705
United States of America - 0.4%
Hertz Global Holdings, Inc. 5.25% 6/1/14	1,340,000		1,772,726
Johnson Controls, Inc. 6.5% 9/30/12	620,000		1,481,851
Micron Technology, Inc. 4.25% 10/15/13	320,000		458,000
Sunpower Corp. 4.75% 4/15/14	530,000		704,370
TOTAL UNITED STATES OF AMERICA			4,416,947
TOTAL CONVERTIBLE BONDS (Cost $3,862,646)		5,960,652
Government Obligations - 0.1%

United States of America - 0.1%
U.S. Treasury Bills, yield at date of purchase 0.15% to 0.17% 8/6/09 to 8/13/09 (Cost $959,969)	960,000		959,986

Money Market Funds - 0.9%
	Shares
Fidelity Cash Central Fund, 0.37% (d)	8,835,578		8,835,578
Fidelity Securities Lending Cash Central Fund, 0.22% (b)(d)	58,500		58,500
TOTAL MONEY MARKET FUNDS (Cost $8,894,078)		8,894,078

TOTAL INVESTMENT PORTFOLIO - 100.2%

(Cost $866,792,218)

960,555,615

NET OTHER ASSETS - (0.2)%

(1,473,767)

NET ASSETS - 100%

$ 959,081,848

Legend

(a) Non-income producing

(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	$ 279,334
Fidelity Securities Lending Cash Central Fund	173,911
Total	$ 453,245

Other Information

The following is a summary of the inputs used, as of July 31, 2009, involving the Fund's assets and liabilities 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:
Equities:
United States of America	$ 419,072,322	$ 413,695,389	$ 5,376,933	$ -
United Kingdom	112,724,481	71,469,859	41,254,622	-
Japan	92,430,018	65,108,192	27,321,826	-
Switzerland	49,610,800	45,353,276	4,257,524	-
France	44,309,551	31,324,211	12,985,340	-
Germany	42,923,448	30,763,497	12,159,951	-
Australia	17,002,587	17,002,587	-	-
Ireland	16,897,164	16,897,164	-	-
China	15,600,363	13,871,705	1,728,658	-
Other	141,090,803	122,574,301	18,516,502	-
Money Market Funds	8,894,078	8,894,078	-	-
Total Investments in Securities	$ 960,555,615	$ 836,954,259	$ 123,601,356	$ -

The following is a reconciliation of Investments in Securities 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	-
Transfers in/out of Level 3	-
Ending Balance	$ -
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ -

The information used in the above reconciliation represents fiscal year to date activity for any Investments in 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 transfer in), or the ending value (for transfer out) of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations.

Income Tax Information

At July 31, 2009, the aggregate cost of investment securities for income tax purposes was $887,408,932. Net unrealized appreciation aggregated $73,146,683, of which $139,409,877 related to appreciated investment securities and $66,263,194 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 based on quotations received from dealers who make markets in such securities or by independent pricing services. For preferred securities and U.S. government and government agency obligations pricing services generally utilize matrix pricing which considers 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.

Quarterly Report

Quarterly Holdings Report

for

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

July 31, 2009

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

1.883452.100

AWLD-QTLY-0909

Investments July 31, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.3%
	Shares		Value
Australia - 1.8%
Billabong International Ltd.	257,122		$ 1,978,286
BlueScope Steel Ltd.	665,678		1,876,101
Commonwealth Bank of Australia	93,013		3,329,274
Macquarie Group Ltd.	55,192		2,031,834
Newcrest Mining Ltd.	65,000		1,630,785
QBE Insurance Group Ltd.	72,048		1,174,948
Wesfarmers Ltd.	173,131		3,742,807
Westfield Group unit	130,714		1,238,552
TOTAL AUSTRALIA			17,002,587
Belgium - 0.6%
Anheuser-Busch InBev SA NV	137,640		5,476,125
Bermuda - 0.4%
Aquarius Platinum Ltd. (United Kingdom)	81,666		354,742
Bunge Ltd.	7,000		489,790
Huabao International Holdings Ltd.	1,060,000		1,106,525
Ports Design Ltd.	200,500		516,912
Seadrill Ltd.	105,100		1,686,550
TOTAL BERMUDA			4,154,519
Brazil - 1.0%
Banco do Brasil SA	25,000		316,452
BM&F BOVESPA SA	182,298		1,176,242
GVT Holding SA (a)	26,800		518,622
Petroleo Brasileiro SA - Petrobras sponsored ADR	40,000		1,649,600
Redecard SA	12,000		178,585
Vivo Participacoes SA sponsored ADR	180,325		4,106,000
Votorantim Celulose e Papel SA sponsored ADR (non-vtg.) (a)	92,900		1,387,926
TOTAL BRAZIL			9,333,427
British Virgin Islands - 0.1%
Playtech Ltd.	215,387		1,049,854
Canada - 1.0%
Canadian Natural Resources Ltd.	29,000		1,743,203
Keyera Facilities Income Fund	13,000		229,749
Niko Resources Ltd.	27,800		1,958,528
Open Text Corp. (a)	25,500		966,413
Petro-Canada	27,200		1,123,245
Petrobank Energy & Resources Ltd. (a)	46,800		1,423,961
Research In Motion Ltd. (a)	10,000		760,000
Suncor Energy, Inc.	32,200		1,041,303
TOTAL CANADA			9,246,402
Cayman Islands - 0.7%
Belle International Holdings Ltd.	1,418,000		1,436,325
China Dongxiang Group Co. Ltd.	3,017,000		2,292,964
China High Speed Transmission Equipment Group Co. Ltd.	696,000		1,744,075

	Shares		Value
Ctrip.com International Ltd. sponsored ADR	12,000		$ 615,000
Xinyu Hengdeli Holdings Ltd.	968,000		358,479
TOTAL CAYMAN ISLANDS			6,446,843
Chile - 0.0%
Embotelladora Andina SA sponsored ADR	23,000		419,750
China - 1.6%
Baidu.com, Inc. sponsored ADR (a)	3,700		1,288,118
BYD Co. Ltd. (H Shares) (a)	278,500		1,543,459
Changyou.com Ltd. (A Shares) ADR	800		29,400
China Merchants Bank Co. Ltd. (H Shares)	604,350		1,420,835
China Telecom Corp. Ltd. (H Shares)	3,324,000		1,728,658
Industrial & Commercial Bank of China Ltd.	1,458,000		1,049,780
Li Ning Co. Ltd.	400,500		1,325,551
NetEase.com, Inc. sponsored ADR (a)	47,500		2,092,850
Tencent Holdings Ltd.	223,400		3,015,238
ZTE Corp. (H Shares)	482,984		2,106,474
TOTAL CHINA			15,600,363
Cyprus - 0.0%
Aisi Realty Public Ltd. (a)	583,060		41,400
Denmark - 0.6%
Novo Nordisk AS Series B	61,119		3,597,024
Vestas Wind Systems AS (a)	18,354		1,292,708
William Demant Holding AS (a)	8,600		511,895
TOTAL DENMARK			5,401,627
Finland - 0.2%
Nokia Corp. sponsored ADR	133,500		1,780,890
France - 4.6%
Accor SA	28,142		1,201,276
Alstom SA	37,600		2,581,401
AXA SA	165,989		3,503,634
BNP Paribas SA	94,254		6,871,262
Cap Gemini SA	39,200		1,809,902
Carrefour SA	50,422		2,366,839
Danone	36,500		1,958,354
Iliad Group SA	18,591		1,984,612
LVMH Moet Hennessy - Louis Vuitton	15,300		1,380,122
Orpea	27,000		1,282,982
Pernod Ricard SA	21,900		1,701,731
PPR SA	19,750		2,200,946
Sanofi-Aventis	35,300		2,309,503
Schneider Electric SA	24,124		2,191,555
Societe Generale Series A	40,572		2,605,027
Total SA Series B	129,325		7,172,203
Unibail-Rodamco	6,800		1,188,202
TOTAL FRANCE			44,309,551
Common Stocks - continued
	Shares		Value
Germany - 4.5%
Aixtron AG	106,100		$ 1,739,019
BASF AG	68,400		3,427,646
Bayerische Motoren Werke AG (BMW)	50,600		2,338,775
Beiersdorf AG	34,000		1,712,039
Daimler AG (Reg.)	55,798		2,591,767
Deutsche Bank AG	64,760		4,202,867
Deutsche Bank AG (NY Shares)	40,000		2,596,000
Deutsche Boerse AG	37,634		2,982,265
Deutsche Telekom AG (Reg.)	134,700		1,722,804
E.ON AG	188,278		7,127,196
Fresenius Medical Care AG & Co. KGaA	16,100		739,337
GEA Group AG	118,561		1,941,569
MAN AG	40,542		2,802,451
Munich Re Group (Reg.)	22,203		3,357,200
Siemens AG (Reg.)	45,830		3,642,513
TOTAL GERMANY			42,923,448
Hong Kong - 1.1%
Cheung Kong Holdings Ltd.	216,000		2,789,938
Hang Lung Properties Ltd.	237,000		868,507
Hong Kong Exchange & Clearing Ltd.	76,900		1,450,709
Li & Fung Ltd.	334,000		984,780
Sinotruk Hong Kong Ltd.	382,000		443,621
Sun Hung Kai Properties Ltd.	134,000		2,038,569
Techtronic Industries Co. Ltd.	2,650,000		2,198,688
TOTAL HONG KONG			10,774,812
India - 0.5%
HDFC Bank Ltd.	15,509		486,138
Indiabulls Real Estate Ltd.	210,000		1,081,505
Infosys Technologies Ltd.	12,311		531,400
Tata Steel Ltd.	170,000		1,643,481
Titan Industries Ltd.	5,782		147,987
Unitech Ltd.	398,104		750,009
TOTAL INDIA			4,640,520
Ireland - 1.8%
Covidien PLC	178,000		6,730,180
CRH PLC	87,100		2,079,333
Ingersoll-Rand Co. Ltd.	208,800		6,030,144
Paddy Power PLC (Ireland)	82,700		2,057,507
TOTAL IRELAND			16,897,164
Israel - 0.4%
Teva Pharmaceutical Industries Ltd. sponsored ADR	68,300		3,643,122
Italy - 0.6%
ENI SpA	121,982		2,850,224
Fiat SpA (a)	225,400		2,499,336
TOTAL ITALY			5,349,560

	Shares		Value
Japan - 9.6%
Asics Corp.	199,000		$ 1,882,518
Canon, Inc.	107,750		3,994,462
Daiwa Securities Group, Inc.	296,000		1,752,035
Denso Corp.	83,900		2,478,602
Fanuc Ltd.	19,200		1,576,831
Honda Motor Co. Ltd.	110,300		3,527,887
Inpex Corp.	141		1,078,998
JSR Corp.	88,600		1,597,628
JTEKT Corp.	346,500		3,922,434
Keyence Corp.	5,100		1,007,494
Misumi Group, Inc.	28,800		472,136
Mitsubishi Corp.	93,300		1,863,830
Mitsubishi UFJ Financial Group, Inc.	834,600		5,097,858
Mitsui & Co. Ltd.	205,400		2,576,998
Mitsui Sumitomo Insurance Group Holdings, Inc.	31,400		806,490
Murata Manufacturing Co. Ltd.	30,500		1,495,825
Nichi-iko Pharmaceutical Co. Ltd.	15,200		506,078
Nippon Electric Glass Co. Ltd.	115,000		1,334,637
Nissan Motor Co. Ltd.	397,600		2,885,426
Nitori Co. Ltd.	5,400		386,978
Nomura Holdings, Inc.	534,500		4,683,790
NSK Ltd.	378,000		2,049,614
Omron Corp.	72,500		1,175,510
ORIX Corp.	44,330		2,806,645
Point, Inc.	2,670		143,928
Promise Co. Ltd.	124,500		1,311,981
Rakuten, Inc.	4,160		2,673,375
Ricoh Co. Ltd.	234,000		3,071,853
Sawai Pharmaceutical Co. Ltd.	9,100		481,884
Shin-Etsu Chemical Co., Ltd.	43,300		2,334,108
SMC Corp.	6,100		688,595
Softbank Corp.	142,000		3,024,310
Sony Financial Holdings, Inc.	498		1,535,425
Sumco Corp.	68,300		1,281,392
Sumitomo Mitsui Financial Group, Inc.	164,400		7,037,522
Takashimaya Co. Ltd.	151,000		1,244,900
THK Co. Ltd.	100,600		1,652,388
Tokio Marine Holdings, Inc.	102,600		2,982,243
Tokyo Electron Ltd.	70,500		3,696,015
Toyota Motor Corp.	169,900		7,132,403
USS Co. Ltd.	18,810		1,176,992
TOTAL JAPAN			92,430,018
Korea (South) - 0.6%
Lotte Shopping Co. Ltd.	4,797		1,206,410
NHN Corp. (a)	12,068		1,761,788
Samsung Electronics Co. Ltd.	4,266		2,526,035
TOTAL KOREA (SOUTH)			5,494,233
Luxembourg - 1.0%
ArcelorMittal SA (NY Shares) Class A	141,600		5,103,264
Millicom International Cellular SA (a)	16,200		1,201,230
Common Stocks - continued
	Shares		Value
Luxembourg - continued
SES SA (A Shares) FDR unit	62,442		$ 1,249,496
Tenaris SA	111,900		1,696,925
TOTAL LUXEMBOURG			9,250,915
Mexico - 0.3%
America Movil SAB de CV Series L sponsored ADR	74,000		3,182,740
Netherlands - 1.6%
Akzo Nobel NV	39,300		2,156,194
ASML Holding NV:
(Netherlands)	87,800		2,292,654
(NY Shares)	28,000		728,280
Gemalto NV (a)	54,779		2,045,533
James Hardie Industries NV unit	494,465		2,146,174
Koninklijke Ahold NV	64,255		730,712
QIAGEN NV (a)	34,000		644,640
Randstad Holdings NV (a)	78,700		2,725,662
Royal DSM NV	57,200		2,044,629
TOTAL NETHERLANDS			15,514,478
Netherlands Antilles - 0.6%
Schlumberger Ltd.	109,800		5,874,300
Norway - 0.3%
DnB Nor ASA (a)	151,800		1,320,463
Pronova BioPharma ASA (a)	296,200		922,614
Sevan Marine ASA (a)	370,000		482,718
TOTAL NORWAY			2,725,795
Singapore - 0.4%
Ascendas Real Estate Investment Trust (A-REIT)	455,000		537,451
CapitaLand Ltd.	447,000		1,186,451
Singapore Exchange Ltd.	330,000		1,999,444
TOTAL SINGAPORE			3,723,346
South Africa - 0.5%
MTN Group Ltd.	293,400		4,839,588
Spain - 1.3%
Banco Santander SA	184,922		2,677,770
Inditex SA	19,309		1,038,611
Telefonica SA	367,867		9,152,149
TOTAL SPAIN			12,868,530
Sweden - 0.3%
H&M Hennes & Mauritz AB (B Shares)	50,500		3,001,808
Intrum Justitia AB	27,000		278,711
TOTAL SWEDEN			3,280,519
Switzerland - 5.2%
Actelion Ltd. (Reg.) (a)	62,984		3,474,390
BB BIOTECH AG	20,274		1,375,441
Credit Suisse Group sponsored ADR	75,600		3,581,172
Nestle SA (Reg.)	196,822		8,100,156

	Shares		Value
Nobel Biocare Holding AG (Switzerland)	59,700		$ 1,417,851
Noble Corp.	174,000		5,891,640
Novartis AG sponsored ADR	24,100		1,099,442
Partners Group Holding	10,260		1,080,101
Roche Holding AG (participation certificate)	49,097		7,741,398
Sonova Holding AG	32,712		2,885,047
Syngenta AG (Switzerland)	9,050		2,082,657
UBS AG (For. Reg.) (a)	148,561		2,174,867
Weatherford International Ltd. (a)	297,000		5,571,720
Zurich Financial Services AG (Reg.)	15,953		3,134,918
TOTAL SWITZERLAND			49,610,800
Taiwan - 0.3%
Hon Hai Precision Industry Co. Ltd. (Foxconn)	332,350		1,144,637
Taiwan Semiconductor Manufacturing Co. Ltd.	807,624		1,449,834
TOTAL TAIWAN			2,594,471
United Kingdom - 11.7%
Aberdeen Asset Management PLC	1,207,400		2,511,418
Aegis Group PLC	435,400		600,124
Anglo American PLC (United Kingdom)	79,500		2,563,439
AstraZeneca PLC (United Kingdom)	66,079		3,078,299
Babcock International Group PLC	154,900		1,218,261
Barclays PLC	476,100		2,420,360
Barclays PLC Sponsored ADR	31,000		636,740
BG Group PLC	205,271		3,426,033
BG Group PLC sponsored ADR	11,900		998,648
BHP Billiton PLC	290,319		7,581,112
BP PLC	1,009,500		8,372,719
British American Tobacco PLC sponsored ADR	13,000		808,470
Capita Group PLC	166,419		1,855,892
Carphone Warehouse Group PLC	865,658		2,596,027
Cookson Group PLC	178,770		929,614
Debenhams PLC	1,306,610		1,937,371
DSG International PLC	2,278,628		1,046,899
Experian PLC	158,300		1,306,491
HSBC Holdings PLC:
(Hong Kong) (Reg.)	74,645		747,892
(United Kingdom) (Reg.)	1,264,254		12,794,692
IG Group Holdings PLC	359,000		1,805,342
Imperial Tobacco Group PLC	133,300		3,810,471
Inchcape PLC	1,615,900		742,413
Informa PLC	742,103		2,972,496
InterContinental Hotel Group PLC	121,900		1,382,840
International Personal Finance PLC	540,630		1,210,329
Johnson Matthey PLC	59,800		1,414,695
Kesa Electricals PLC	132,300		287,896
Man Group PLC	737,314		3,409,091
Misys PLC	451,700		1,367,813
Mothercare PLC	4,200		37,190
National Grid PLC	133,300		1,243,804
Common Stocks - continued
	Shares		Value
United Kingdom - continued
NEXT PLC	56,959		$ 1,622,502
Prudential PLC	363,601		2,722,976
Reckitt Benckiser Group PLC	98,316		4,724,018
Rio Tinto PLC (Reg.)	164,453		6,850,147
Royal Dutch Shell PLC Class B	174,720		4,531,265
SSL International PLC	282,500		2,669,006
Standard Chartered PLC (United Kingdom)	154,464		3,667,075
Taylor Wimpey PLC	1,794,144		1,169,016
The Game Group PLC	180,900		444,278
Vodafone Group PLC	577,370		1,187,248
Vodafone Group PLC sponsored ADR	69,412		1,428,499
Wolseley PLC (a)	83,352		1,864,640
WPP PLC	164,900		1,272,000
Xstrata PLC	107,900		1,456,930
TOTAL UNITED KINGDOM			112,724,481
United States of America - 43.1%
3M Co.	28,000		1,974,560
Adobe Systems, Inc. (a)	14,000		453,880
Agilent Technologies, Inc.	66,000		1,532,520
Albemarle Corp.	25,000		742,750
Alpha Natural Resources, Inc. (a)	27,000		899,370
Amazon.com, Inc. (a)	46,800		4,013,568
American Express Co.	185,000		5,241,050
Amgen, Inc. (a)	65,000		4,050,150
Apple, Inc. (a)	107,600		17,580,764
Applied Materials, Inc.	92,000		1,269,600
Applied Micro Circuits Corp. (a)	35,572		307,698
Ardea Biosciences, Inc. (a)	9,000		175,320
Ashland, Inc.	45,000		1,491,300
Autoliv, Inc.	51,000		1,826,310
Avnet, Inc. (a)	120,400		2,937,760
Avon Products, Inc.	112,000		3,626,560
Ball Corp.	32,000		1,547,520
BioCryst Pharmaceuticals, Inc. (a)(c)	35,000		322,000
Biogen Idec, Inc. (a)	16,900		803,595
BorgWarner, Inc.	129,800		4,308,062
C.H. Robinson Worldwide, Inc.	65,000		3,544,450
Cabot Oil & Gas Corp.	13,000		456,690
Capital One Financial Corp.	17,000		521,900
Carlisle Companies, Inc.	94,000		2,945,020
Caterpillar, Inc.	73,000		3,216,380
CB Richard Ellis Group, Inc. Class A (a)	50,000		545,000
Celanese Corp. Class A	282,000		7,247,400
Cerner Corp. (a)	5,000		325,400
Charles Schwab Corp.	48,000		857,760
Chattem, Inc. (a)	54,000		3,384,180
Chevron Corp.	18,000		1,250,460
CIGNA Corp.	115,000		3,266,000
Cintas Corp.	43,000		1,082,740
Cisco Systems, Inc. (a)	444,000		9,772,440
Citrix Systems, Inc. (a)	84,000		2,990,400

	Shares		Value
CME Group, Inc.	4,300		$ 1,198,969
Coach, Inc.	32,000		946,880
CONSOL Energy, Inc.	21,000		746,130
Corn Products International, Inc.	10,000		280,000
Corning, Inc.	100,000		1,700,000
CSX Corp.	255,000		10,230,600
Cummins, Inc.	33,500		1,440,835
Cymer, Inc. (a)	7,000		239,470
Dell, Inc. (a)	63,000		842,940
Dendreon Corp. (a)	65,000		1,573,650
Dow Chemical Co.	97,000		2,053,490
eBay, Inc. (a)	112,000		2,380,000
EXCO Resources, Inc. (a)	25,000		343,500
Express Scripts, Inc. (a)	225,000		15,759,000
Exxon Mobil Corp.	209,000		14,711,510
First Solar, Inc. (a)	2,500		385,975
FMC Corp.	14,000		680,960
Ford Motor Co. (a)	295,000		2,360,000
Franklin Resources, Inc.	2,000		177,360
Freeport-McMoRan Copper & Gold, Inc.	79,600		4,799,880
General Cable Corp. (a)	45,000		1,744,650
Genworth Financial, Inc. Class A	865,000		5,968,500
Gilead Sciences, Inc. (a)	134,000		6,556,620
Globe Specialty Metals, Inc.	28,800		207,360
Goldman Sachs Group, Inc.	55,600		9,079,480
Google, Inc. Class A (a)	38,200		16,924,510
Harley-Davidson, Inc.	26,000		587,600
Henry Schein, Inc. (a)	7,000		359,660
Hewlett-Packard Co.	20,000		866,000
HLTH Corp. (a)	125,000		1,835,000
Illumina, Inc. (a)	7,000		252,980
ImmunoGen, Inc. (a)	44,023		382,560
Intel Corp.	111,000		2,136,750
James River Coal Co. (a)	30,000		557,100
Johnson & Johnson	211,000		12,847,790
JPMorgan Chase & Co.	357,400		13,813,510
Juniper Networks, Inc. (a)	13,000		339,690
Kansas City Southern (a)	58,000		1,177,980
Lam Research Corp. (a)	68,000		2,044,080
Las Vegas Sands Corp. (a)	35,000		327,250
Life Technologies Corp. (a)	106,000		4,826,180
Lubrizol Corp.	10,000		579,300
Mako Surgical Corp. (a)	34,700		303,972
Manpower, Inc.	10,000		479,500
Marriott International, Inc. Class A	7,129		153,559
Massey Energy Co.	80,000		2,128,000
McGraw-Hill Companies, Inc.	14,000		438,900
McKesson Corp.	26,000		1,329,900
MetLife, Inc.	14,000		475,300
Micromet, Inc. (a)	74,400		478,392
Micron Technology, Inc. (a)	60,000		383,400
Microsoft Corp.	369,000		8,678,880
MKS Instruments, Inc. (a)	26,000		503,620
Common Stocks - continued
	Shares		Value
United States of America - continued
Molson Coors Brewing Co. Class B	18,000		$ 813,780
Morgan Stanley	222,300		6,335,550
Occidental Petroleum Corp.	51,000		3,638,340
Oracle Corp.	289,900		6,415,487
Orthovita, Inc. (a)	35,000		227,850
Owens & Minor, Inc.	49,000		2,170,700
Owens-Illinois, Inc. (a)	46,000		1,561,240
Packaging Corp. of America	13,000		255,710
Palm, Inc. (a)	20,000		314,600
Petrohawk Energy Corp. (a)	56,000		1,359,680
Pfizer, Inc.	98,000		1,561,140
Philip Morris International, Inc.	180,000		8,388,000
Procter & Gamble Co.	35,000		1,942,850
QUALCOMM, Inc.	299,800		13,853,758
Quidel Corp. (a)	50,000		746,500
Range Resources Corp.	94,000		4,362,540
Regal-Beloit Corp.	28,300		1,311,988
Republic Services, Inc.	7,000		186,200
Riverbed Technology, Inc. (a)	76,000		1,520,760
Robert Half International, Inc.	7,000		173,530
Rockwell Automation, Inc.	13,000		538,330
Ross Stores, Inc.	60,000		2,645,400
SandRidge Energy, Inc. (a)	38,000		355,300
Sempra Energy	5,000		262,150
Skyworks Solutions, Inc. (a)	40,000		483,200
Sohu.com, Inc. (a)	42,100		2,575,257
Southwestern Energy Co. (a)	127,000		5,261,610
Starbucks Corp. (a)	48,000		849,600
Starwood Hotels & Resorts Worldwide, Inc.	10,000		236,100
Temple-Inland, Inc.	1,111,300		17,402,958
Tenneco, Inc. (a)	374,800		6,060,516
Teradyne, Inc. (a)	375,000		2,955,000
Terra Industries, Inc.	23,000		670,680
The Coca-Cola Co.	149,600		7,456,064
The Travelers Companies, Inc.	7,000		301,490
The Walt Disney Co.	65,000		1,632,800
Thermo Fisher Scientific, Inc. (a)	60,000		2,716,800
TJX Companies, Inc.	223,000		8,079,290
U.S. Bancorp, Delaware	49,300		1,006,213
Union Pacific Corp.	405,900		23,347,367
United Technologies Corp.	13,000		708,110
United Therapeutics Corp. (a)	16,000		1,481,920
VF Corp.	7,000		452,830
Visa, Inc. Class A	125,700		8,228,322
W.W. Grainger, Inc.	4,000		359,640
Western Digital Corp. (a)	28,000		847,000
Common Stocks - continued
	Shares		Value
WMS Industries, Inc. (a)	31,000		$ 1,120,960
Wyndham Worldwide Corp.	28,000		390,600
TOTAL UNITED STATES OF AMERICA			413,695,389
TOTAL COMMON STOCKS (Cost $850,026,175)		942,301,567
Nonconvertible Preferred Stocks - 0.3%

Italy - 0.3%
Intesa Sanpaolo SpA (Cost $3,049,350)	864,400		2,439,332

Convertible Bonds - 0.6%
	Principal Amount
Bermuda - 0.2%
Ingersoll-Rand Global Holding Co. Ltd. 4.5% 4/15/12	$ 890,000		1,543,705
United States of America - 0.4%
Hertz Global Holdings, Inc. 5.25% 6/1/14	1,340,000		1,772,726
Johnson Controls, Inc. 6.5% 9/30/12	620,000		1,481,851
Micron Technology, Inc. 4.25% 10/15/13	320,000		458,000
Sunpower Corp. 4.75% 4/15/14	530,000		704,370
TOTAL UNITED STATES OF AMERICA			4,416,947
TOTAL CONVERTIBLE BONDS (Cost $3,862,646)		5,960,652
Government Obligations - 0.1%

United States of America - 0.1%
U.S. Treasury Bills, yield at date of purchase 0.15% to 0.17% 8/6/09 to 8/13/09 (Cost $959,969)	960,000		959,986

Money Market Funds - 0.9%
	Shares
Fidelity Cash Central Fund, 0.37% (d)	8,835,578		8,835,578
Fidelity Securities Lending Cash Central Fund, 0.22% (b)(d)	58,500		58,500
TOTAL MONEY MARKET FUNDS (Cost $8,894,078)		8,894,078

TOTAL INVESTMENT PORTFOLIO - 100.2%

(Cost $866,792,218)

960,555,615

NET OTHER ASSETS - (0.2)%

(1,473,767)

NET ASSETS - 100%

$ 959,081,848

Legend

(a) Non-income producing

(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	$ 279,334
Fidelity Securities Lending Cash Central Fund	173,911
Total	$ 453,245

Other Information

The following is a summary of the inputs used, as of July 31, 2009, involving the Fund's assets and liabilities 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:
Equities:
United States of America	$ 419,072,322	$ 413,695,389	$ 5,376,933	$ -
United Kingdom	112,724,481	71,469,859	41,254,622	-
Japan	92,430,018	65,108,192	27,321,826	-
Switzerland	49,610,800	45,353,276	4,257,524	-
France	44,309,551	31,324,211	12,985,340	-
Germany	42,923,448	30,763,497	12,159,951	-
Australia	17,002,587	17,002,587	-	-
Ireland	16,897,164	16,897,164	-	-
China	15,600,363	13,871,705	1,728,658	-
Other	141,090,803	122,574,301	18,516,502	-
Money Market Funds	8,894,078	8,894,078	-	-
Total Investments in Securities	$ 960,555,615	$ 836,954,259	$ 123,601,356	$ -

The following is a reconciliation of Investments in Securities 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	-
Transfers in/out of Level 3	-
Ending Balance	$ -
The change in unrealized gain (loss) attributable to Level 3 securities at July 31, 2009	$ -

The information used in the above reconciliation represents fiscal year to date activity for any Investments in 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 transfer in), or the ending value (for transfer out) of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations.

Income Tax Information

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 based on quotations received from dealers who make markets in such securities or by independent pricing services. For preferred securities and U.S. government and government agency obligations pricing services generally utilize matrix pricing which considers 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.

Quarterly Report

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

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

Quarterly Report

Item 2. Controls and Procedures

(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity 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:	September 29, 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:	September 29, 2009

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

Date:	September 29, 2009