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, 2010

Item 1. Schedule of Investments

Quarterly Holdings Report

for

Fidelity® Canada Fund

July 31, 2010

1.804819.106

CAN-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.8%
	Shares		Value
CONSUMER DISCRETIONARY - 9.0%
Auto Components - 2.1%
Magna International, Inc. Class A (sub. vtg.)	1,098,300		$ 81,767,498
Hotels, Restaurants & Leisure - 0.7%
Tim Hortons, Inc.	810,300		27,679,848
Household Durables - 0.3%
Dorel Industries, Inc. Class B (sub. vtg.) (e)	400,000		13,529,841
Media - 1.9%
Corus Entertainment, Inc. Class B (non-vtg.)	500,000		9,441,121
Quebecor, Inc. Class B (sub. vtg.)	750,000		25,463,301
Thomson Reuters Corp.	1,050,000		39,264,556
			74,168,978
Multiline Retail - 1.0%
Dollarama, Inc.	864,200		21,572,423
Dollarama, Inc. (f)	764,575		19,085,553
			40,657,976
Textiles, Apparel & Luxury Goods - 3.0%
Gildan Activewear, Inc. (a)	3,741,000		115,110,492
lululemon athletica, Inc. (a)(d)	75,000		3,112,505
			118,222,997
TOTAL CONSUMER DISCRETIONARY			356,027,138
CONSUMER STAPLES - 1.8%
Beverages - 0.0%
Cott Corp. (a)	50,000		299,625
Food & Staples Retailing - 1.8%
Alimentation Couche-Tard, Inc. Class B (sub. vtg.)	1,551,100		32,336,274
Loblaw Companies Ltd.	50,000		2,123,158
Metro, Inc. Class A (sub. vtg.)	900,000		38,470,743
			72,930,175
TOTAL CONSUMER STAPLES			73,229,800
ENERGY - 24.8%
Oil, Gas & Consumable Fuels - 24.8%
Baytex Energy Trust	850,000		26,873,875
Cameco Corp.	100,000		2,546,816
Canadian Natural Resources Ltd.	3,450,000		118,809,281
Cenovus Energy, Inc.	2,100,000		59,141,982
Crescent Point Energy Corp. (d)	1,083,400		39,933,874
Enbridge, Inc.	3,108,900		151,339,419
EnCana Corp.	900,000		27,517,875
Gran Tierra Energy, Inc. (a)	1,300,000		7,297,048
Keyera Facilities Income Fund	958,402		26,748,921
Niko Resources Ltd.	295,000		31,820,225
Pacific Rubiales Energy Corp. (a)	2,300,000		55,175,835
PetroBakken Energy Ltd. (f)	138,900		3,047,031
PetroBakken Energy Ltd. Class A (d)	1,022,978		22,440,930

	Shares		Value
Petrobank Energy & Resources Ltd. (a)	1,100,000		$ 45,318,352
Progress Energy Resources Corp. (d)	2,000,000		24,145,143
Suncor Energy, Inc.	5,757,600		189,819,606
Talisman Energy, Inc.	8,500,000		145,118,926
			977,095,139
FINANCIALS - 24.0%
Commercial Banks - 20.1%
Bank of Montreal (d)	1,979,300		121,055,101
Bank of Nova Scotia	2,700,000		135,505,618
Canadian Imperial Bank of Commerce	1,144,600		78,611,567
National Bank of Canada	600,000		34,431,636
Royal Bank of Canada	4,140,000		216,353,714
Toronto-Dominion Bank (d)	2,915,800		207,519,751
			793,477,387
Insurance - 1.4%
Intact Financial Corp. (d)	650,000		29,618,172
Intact Financial Corp. (f)	241,100		10,986,064
Manulife Financial Corp.	400,000		6,358,286
Sun Life Financial, Inc.	300,000		8,440,099
			55,402,621
Real Estate Management & Development - 2.0%
Brookfield Asset Management, Inc. Class A (d)	1,550,000		38,872,513
Brookfield Properties Corp.	2,500,000		37,696,386
			76,568,899
Thrifts & Mortgage Finance - 0.5%
Genworth MI Canada, Inc.	760,100		19,402,718
TOTAL FINANCIALS			944,851,625
HEALTH CARE - 5.4%
Health Care Technology - 2.9%
SXC Health Solutions Corp. (a)(e)	1,651,617		113,176,615
Pharmaceuticals - 2.5%
Biovail Corp.	4,497,157		98,216,036
Cardiome Pharma Corp. (a)	200,000		1,638,212
			99,854,248
TOTAL HEALTH CARE			213,030,863
INDUSTRIALS - 7.7%
Airlines - 0.4%
Air Canada Class A (a)(e)	7,000,000		14,776,983
Commercial Services & Supplies - 2.2%
IESI-BFC Ltd.	3,850,000		87,078,652
Road & Rail - 4.7%
Canadian National Railway Co.	2,850,000		179,298,118
Contrans Group, Inc.:
(sub. vtg.) (f)	708,400		6,167,790
Class A	170,100		1,481,001
			186,946,909
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Trading Companies & Distributors - 0.4%
Finning International, Inc.	750,000		$ 14,431,636
TOTAL INDUSTRIALS			303,234,180
INFORMATION TECHNOLOGY - 4.7%
Communications Equipment - 0.3%
Research In Motion Ltd. (a)	210,000		12,081,301
Computers & Peripherals - 0.6%
Apple, Inc. (a)	70,000		18,007,500
Smart Technologies, Inc. Class A (a)	354,300		5,431,945
			23,439,445
Electronic Equipment & Components - 0.4%
Celestica, Inc. (sub. vtg.) (a)	1,600,000		14,226,373
Internet Software & Services - 0.4%
Open Text Corp. (a)	443,740		17,564,843
IT Services - 2.3%
CGI Group, Inc. Class A (sub. vtg.) (a)	6,490,000		92,808,989
Software - 0.7%
MacDonald Dettwiler & Associates Ltd. (a)	563,700		26,321,903
TOTAL INFORMATION TECHNOLOGY			186,442,854
MATERIALS - 17.0%
Chemicals - 1.9%
Potash Corp. of Saskatchewan, Inc.	700,000		73,278,856
Metals & Mining - 14.6%
Consolidated Thompson Iron Mines Ltd. (a)	2,500,000		20,039,885
Detour Gold Corp. (a)	850,000		19,812,248
Detour Gold Corp. (a)(f)	380,000		8,857,240
Eldorado Gold Corp.	6,870,000		111,609,514
Goldcorp, Inc.	3,500,000		137,214,845
Grande Cache Coal Corp. (a)(e)	5,900,000		32,084,245
IAMGOLD Corp.	1,600,000		25,230,799
Osisko Mining Corp. (a)	2,200,000		27,822,365
Red Back Mining, Inc. (a)	3,150,000		79,734,423
Silver Wheaton Corp. (a)	2,075,900		39,157,256
Teck Resources Ltd. Class B (sub. vtg.) (d)	1,400,000		49,288,390
Western Coal Corp. (a)	833,400		3,405,107
Yamana Gold, Inc.	2,400,000		22,576,974
			576,833,291
Paper & Forest Products - 0.5%
Sino-Forest Corp. (a)	1,200,000		18,479,498
TOTAL MATERIALS			668,591,645

	Shares		Value
TELECOMMUNICATION SERVICES - 4.4%
Diversified Telecommunication Services - 1.8%
BCE, Inc.	1,300,000		$ 39,773,335
TELUS Corp.	800,000		31,659,127
			71,432,462
Wireless Telecommunication Services - 2.6%
Rogers Communications, Inc. Class B (non-vtg.) (d)	2,900,000		100,856,073
TOTAL TELECOMMUNICATION SERVICES			172,288,535
TOTAL COMMON STOCKS (Cost $3,260,426,160)		3,894,791,779
Money Market Funds - 8.9%

Fidelity Cash Central Fund, 0.24% (b)	97,942,735		97,942,735
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	253,726,060		253,726,060
TOTAL MONEY MARKET FUNDS (Cost $351,668,795)		351,668,795

TOTAL INVESTMENT PORTFOLIO - 107.7%

(Cost $3,612,094,955)

4,246,460,574

NET OTHER ASSETS (LIABILITIES) - (7.7)%			(305,155,228)
NET ASSETS - 100%		$ 3,941,305,346

Legend

(a) Non-income producing

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

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

(e) Affiliated company

(f) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $48,143,678 or 1.2% of net assets.

Affiliated Central Funds

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

Fund	Income earned
Fidelity Cash Central Fund	$ 60,337
Fidelity Securities Lending Cash Central Fund	3,508,041
Total	$ 3,568,378

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:

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Air Canada Class A	$ -	$ 8,833,201	$ -	$ -	$ 14,776,983
Dorel Industries, Inc. Class B (sub. vtg.)	-	13,015,944	-	134,618	13,529,841
Grande Cache Coal Corp.	-	40,052,532	7,131,858	-	32,084,245
SXC Health Solutions Corp.	16,519,740	85,589,390	-	-	113,176,615
Total	$ 16,519,740	$ 147,491,067	$ 7,131,858	$ 134,618	$ 173,567,684

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, 2010, the cost of investment securities for income tax purposes was $3,633,109,754. Net unrealized appreciation aggregated $613,350,820, of which $690,149,389 related to appreciated investment securities and $76,798,569 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. 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. Factors used in determining value may include market or security specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The value used for net asset value calculation under these procedures may differ from published prices for the same securities. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels. Level 1 - quoted prices in active markets for identical investments. Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.). Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category 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 and are categorized as Level 1 in the hierarchy. 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 or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy. 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 fair value and are categorized as Level 2 in the hierarchy.

For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

Quarterly Report

The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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

Quarterly Report

Quarterly Holdings Report

for

Advisor Canada Fund

July 31, 2010

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

1.855812.103

ACAN-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.8%
	Shares		Value
CONSUMER DISCRETIONARY - 9.0%
Auto Components - 2.1%
Magna International, Inc. Class A (sub. vtg.)	1,098,300		$ 81,767,498
Hotels, Restaurants & Leisure - 0.7%
Tim Hortons, Inc.	810,300		27,679,848
Household Durables - 0.3%
Dorel Industries, Inc. Class B (sub. vtg.) (e)	400,000		13,529,841
Media - 1.9%
Corus Entertainment, Inc. Class B (non-vtg.)	500,000		9,441,121
Quebecor, Inc. Class B (sub. vtg.)	750,000		25,463,301
Thomson Reuters Corp.	1,050,000		39,264,556
			74,168,978
Multiline Retail - 1.0%
Dollarama, Inc.	864,200		21,572,423
Dollarama, Inc. (f)	764,575		19,085,553
			40,657,976
Textiles, Apparel & Luxury Goods - 3.0%
Gildan Activewear, Inc. (a)	3,741,000		115,110,492
lululemon athletica, Inc. (a)(d)	75,000		3,112,505
			118,222,997
TOTAL CONSUMER DISCRETIONARY			356,027,138
CONSUMER STAPLES - 1.8%
Beverages - 0.0%
Cott Corp. (a)	50,000		299,625
Food & Staples Retailing - 1.8%
Alimentation Couche-Tard, Inc. Class B (sub. vtg.)	1,551,100		32,336,274
Loblaw Companies Ltd.	50,000		2,123,158
Metro, Inc. Class A (sub. vtg.)	900,000		38,470,743
			72,930,175
TOTAL CONSUMER STAPLES			73,229,800
ENERGY - 24.8%
Oil, Gas & Consumable Fuels - 24.8%
Baytex Energy Trust	850,000		26,873,875
Cameco Corp.	100,000		2,546,816
Canadian Natural Resources Ltd.	3,450,000		118,809,281
Cenovus Energy, Inc.	2,100,000		59,141,982
Crescent Point Energy Corp. (d)	1,083,400		39,933,874
Enbridge, Inc.	3,108,900		151,339,419
EnCana Corp.	900,000		27,517,875
Gran Tierra Energy, Inc. (a)	1,300,000		7,297,048
Keyera Facilities Income Fund	958,402		26,748,921
Niko Resources Ltd.	295,000		31,820,225
Pacific Rubiales Energy Corp. (a)	2,300,000		55,175,835
PetroBakken Energy Ltd. (f)	138,900		3,047,031
PetroBakken Energy Ltd. Class A (d)	1,022,978		22,440,930

	Shares		Value
Petrobank Energy & Resources Ltd. (a)	1,100,000		$ 45,318,352
Progress Energy Resources Corp. (d)	2,000,000		24,145,143
Suncor Energy, Inc.	5,757,600		189,819,606
Talisman Energy, Inc.	8,500,000		145,118,926
			977,095,139
FINANCIALS - 24.0%
Commercial Banks - 20.1%
Bank of Montreal (d)	1,979,300		121,055,101
Bank of Nova Scotia	2,700,000		135,505,618
Canadian Imperial Bank of Commerce	1,144,600		78,611,567
National Bank of Canada	600,000		34,431,636
Royal Bank of Canada	4,140,000		216,353,714
Toronto-Dominion Bank (d)	2,915,800		207,519,751
			793,477,387
Insurance - 1.4%
Intact Financial Corp. (d)	650,000		29,618,172
Intact Financial Corp. (f)	241,100		10,986,064
Manulife Financial Corp.	400,000		6,358,286
Sun Life Financial, Inc.	300,000		8,440,099
			55,402,621
Real Estate Management & Development - 2.0%
Brookfield Asset Management, Inc. Class A (d)	1,550,000		38,872,513
Brookfield Properties Corp.	2,500,000		37,696,386
			76,568,899
Thrifts & Mortgage Finance - 0.5%
Genworth MI Canada, Inc.	760,100		19,402,718
TOTAL FINANCIALS			944,851,625
HEALTH CARE - 5.4%
Health Care Technology - 2.9%
SXC Health Solutions Corp. (a)(e)	1,651,617		113,176,615
Pharmaceuticals - 2.5%
Biovail Corp.	4,497,157		98,216,036
Cardiome Pharma Corp. (a)	200,000		1,638,212
			99,854,248
TOTAL HEALTH CARE			213,030,863
INDUSTRIALS - 7.7%
Airlines - 0.4%
Air Canada Class A (a)(e)	7,000,000		14,776,983
Commercial Services & Supplies - 2.2%
IESI-BFC Ltd.	3,850,000		87,078,652
Road & Rail - 4.7%
Canadian National Railway Co.	2,850,000		179,298,118
Contrans Group, Inc.:
(sub. vtg.) (f)	708,400		6,167,790
Class A	170,100		1,481,001
			186,946,909
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Trading Companies & Distributors - 0.4%
Finning International, Inc.	750,000		$ 14,431,636
TOTAL INDUSTRIALS			303,234,180
INFORMATION TECHNOLOGY - 4.7%
Communications Equipment - 0.3%
Research In Motion Ltd. (a)	210,000		12,081,301
Computers & Peripherals - 0.6%
Apple, Inc. (a)	70,000		18,007,500
Smart Technologies, Inc. Class A (a)	354,300		5,431,945
			23,439,445
Electronic Equipment & Components - 0.4%
Celestica, Inc. (sub. vtg.) (a)	1,600,000		14,226,373
Internet Software & Services - 0.4%
Open Text Corp. (a)	443,740		17,564,843
IT Services - 2.3%
CGI Group, Inc. Class A (sub. vtg.) (a)	6,490,000		92,808,989
Software - 0.7%
MacDonald Dettwiler & Associates Ltd. (a)	563,700		26,321,903
TOTAL INFORMATION TECHNOLOGY			186,442,854
MATERIALS - 17.0%
Chemicals - 1.9%
Potash Corp. of Saskatchewan, Inc.	700,000		73,278,856
Metals & Mining - 14.6%
Consolidated Thompson Iron Mines Ltd. (a)	2,500,000		20,039,885
Detour Gold Corp. (a)	850,000		19,812,248
Detour Gold Corp. (a)(f)	380,000		8,857,240
Eldorado Gold Corp.	6,870,000		111,609,514
Goldcorp, Inc.	3,500,000		137,214,845
Grande Cache Coal Corp. (a)(e)	5,900,000		32,084,245
IAMGOLD Corp.	1,600,000		25,230,799
Osisko Mining Corp. (a)	2,200,000		27,822,365
Red Back Mining, Inc. (a)	3,150,000		79,734,423
Silver Wheaton Corp. (a)	2,075,900		39,157,256
Teck Resources Ltd. Class B (sub. vtg.) (d)	1,400,000		49,288,390
Western Coal Corp. (a)	833,400		3,405,107
Yamana Gold, Inc.	2,400,000		22,576,974
			576,833,291
Paper & Forest Products - 0.5%
Sino-Forest Corp. (a)	1,200,000		18,479,498
TOTAL MATERIALS			668,591,645

	Shares		Value
TELECOMMUNICATION SERVICES - 4.4%
Diversified Telecommunication Services - 1.8%
BCE, Inc.	1,300,000		$ 39,773,335
TELUS Corp.	800,000		31,659,127
			71,432,462
Wireless Telecommunication Services - 2.6%
Rogers Communications, Inc. Class B (non-vtg.) (d)	2,900,000		100,856,073
TOTAL TELECOMMUNICATION SERVICES			172,288,535
TOTAL COMMON STOCKS (Cost $3,260,426,160)		3,894,791,779
Money Market Funds - 8.9%

Fidelity Cash Central Fund, 0.24% (b)	97,942,735		97,942,735
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	253,726,060		253,726,060
TOTAL MONEY MARKET FUNDS (Cost $351,668,795)		351,668,795

TOTAL INVESTMENT PORTFOLIO - 107.7%

(Cost $3,612,094,955)

4,246,460,574

NET OTHER ASSETS (LIABILITIES) - (7.7)%			(305,155,228)
NET ASSETS - 100%		$ 3,941,305,346

Legend

(a) Non-income producing

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

(e) Affiliated company

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	$ 60,337
Fidelity Securities Lending Cash Central Fund	3,508,041
Total	$ 3,568,378

Other Affiliated Issuers

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Air Canada Class A	$ -	$ 8,833,201	$ -	$ -	$ 14,776,983
Dorel Industries, Inc. Class B (sub. vtg.)	-	13,015,944	-	134,618	13,529,841
Grande Cache Coal Corp.	-	40,052,532	7,131,858	-	32,084,245
SXC Health Solutions Corp.	16,519,740	85,589,390	-	-	113,176,615
Total	$ 16,519,740	$ 147,491,067	$ 7,131,858	$ 134,618	$ 173,567,684

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

China Region Fund

July 31, 2010

1.804836.106

HKC-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.2%
	Shares		Value
CONSUMER DISCRETIONARY - 10.8%
Auto Components - 0.6%
Minth Group Ltd.	7,354,000		$ 11,039,284
Automobiles - 1.1%
Brilliance China Automotive Holdings Ltd. (a)	4,994,000		2,083,110
BYD Co. Ltd. (H Shares)	884,800		6,088,518
Dongfeng Motor Group Co. Ltd. (H Shares)	7,076,000		9,874,971
Great Wall Motor Co. Ltd. (H Shares)	1,412,000		2,814,002
			20,860,601
Distributors - 2.5%
Li & Fung Ltd.	10,510,000		48,169,424
Diversified Consumer Services - 0.1%
New Oriental Education & Technology Group, Inc. sponsored ADR (a)	22,616		2,211,845
Hotels, Restaurants & Leisure - 1.7%
Ctrip.com International Ltd. sponsored ADR (a)	573,700		23,097,162
SJM Holdings Ltd.	10,897,000		9,609,842
			32,707,004
Household Durables - 0.3%
Techtronic Industries Co. Ltd.	6,585,500		5,434,574
Media - 0.0%
Charm Communications, Inc. ADR	13,100		85,019
Multiline Retail - 1.7%
Far East Department Stores Co. Ltd.	12,231,820		11,988,044
Golden Eagle Retail Group Ltd. (H Shares)	2,596,000		6,169,573
Maoye International Holdings Ltd.	35,968,000		14,725,232
			32,882,849
Specialty Retail - 1.4%
Belle International Holdings Ltd.	5,085,000		7,842,716
Chow Sang Sang Holdings International Ltd.	2,500,000		4,937,238
GOME Electrical Appliances Holdings Ltd. (a)	27,734,000		9,604,694
Huiyin Household Appliances Holdings Co. Ltd.	15,664,000		3,932,385
			26,317,033
Textiles, Apparel & Luxury Goods - 1.4%
Anta Sports Products Ltd.	2,418,000		4,270,996
Li Ning Co. Ltd.	2,697,000		8,888,729
Texwinca Holdings Ltd.	9,314,000		9,532,835
Trinity Ltd.	4,310,000		2,768,832
			25,461,392
TOTAL CONSUMER DISCRETIONARY			205,169,025

	Shares		Value
CONSUMER STAPLES - 4.0%
Beverages - 0.1%
Wuliangye Yibin Co. Ltd. (BNP Paribas Warrant Program) warrants 5/5/15 (a)	578,000		$ 2,370,013
Food & Staples Retailing - 1.1%
Dairy Farm International Holdings Ltd.	2,642,400		20,293,632
Food Products - 1.8%
Asian Citrus Holdings Ltd.	8,442,803		6,097,731
China Agri-Industries Holding Ltd.	3,147,000		3,561,266
China Mengniu Dairy Co. Ltd.	2,326,000		7,231,786
Tingyi (Cayman Islands) Holding Corp.	4,950,000		12,554,232
Want Want China Holdings Ltd.	5,577,000		4,365,389
			33,810,404
Personal Products - 1.0%
Hengan International Group Co. Ltd.	2,155,500		18,564,911
TOTAL CONSUMER STAPLES			75,038,960
ENERGY - 7.1%
Oil, Gas & Consumable Fuels - 7.1%
China Coal Energy Co. Ltd. (H Shares)	5,348,000		7,463,446
China Petroleum & Chemical Corp. (H Shares)	26,100,000		21,062,526
CNOOC Ltd.	37,343,000		62,937,193
CNPC (Hong Kong) Ltd.	6,980,000		9,093,994
PetroChina Co. Ltd. (H Shares)	24,580,000		28,116,567
Sino Prosper State Gold Resources Holdings, Ltd. (a)	79,370,000		1,839,279
SouthGobi Energy Resources Ltd.	351,000		4,432,971
			134,945,976
FINANCIALS - 41.1%
Capital Markets - 1.5%
China Vanke Co. Ltd. Class A (UBS Warrant Programme) warrants 7/15/13 (a)	1,219,300		1,491,955
Wuliangye Yibin Co. Ltd. (UBS Warrant Programme) warrants 4/22/13 (a)	1,209,300		4,958,576
Yuanta Financial Holding Co. Ltd.	38,078,000		21,308,205
			27,758,736
Commercial Banks - 18.1%
Bank of China Ltd. (H Shares)	120,075,000		63,380,431
BOC Hong Kong (Holdings) Ltd.	21,210,500		54,449,613
China Construction Bank Corp. (H Shares)	96,357,000		81,749,941
China Merchants Bank Co. Ltd. (H Shares)	12,012,464		32,089,942
Chinatrust Financial Holding Co. Ltd.	6,964,601		4,180,394
E.Sun Financial Holdings Co. Ltd.	8,932,410		4,146,816
Hang Seng Bank Ltd.	356,800		4,942,604
HSBC Holdings PLC (Hong Kong)	972,800		9,959,186
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Commercial Banks - continued
Industrial & Commercial Bank of China (Asia) Ltd.	600,000		$ 1,780,496
Industrial & Commercial Bank of China Ltd. (H Shares)	98,930,000		75,526,862
Mega Financial Holding Co. Ltd.	8,480,000		5,076,733
Standard Chartered PLC (United Kingdom)	195,056		5,635,154
			342,918,172
Diversified Financial Services - 4.0%
China Everbright Ltd.	4,008,000		10,448,922
Fubon Financial Holding Co. Ltd.	12,393,000		15,226,101
Hong Kong Exchanges and Clearing Ltd.	3,125,100		51,377,569
			77,052,592
Insurance - 7.0%
Cathay Financial Holding Co. Ltd.	15,648,000		24,655,231
China Life Insurance Co. Ltd. (H Shares)	15,738,000		70,343,161
CNinsure, Inc. ADR	38,600		910,188
PICC Property & Casualty Co. Ltd. (H Shares) (a)	12,882,000		13,035,406
Ping An Insurance Group Co. China Ltd. (H Shares)	2,803,000		23,221,506
			132,165,492
Real Estate Management & Development - 10.5%
Cheung Kong Holdings Ltd.	2,073,000		25,046,804
China Overseas Land & Investment Ltd.	5,487,920		11,756,548
China Resources Land Ltd.	4,232,000		8,978,868
E-House China Holdings Ltd. ADR sponsored ADR (d)	249,600		4,068,480
Farglory Land Development Co. Ltd.	1,416,000		2,815,400
Hang Lung Properties Ltd.	3,738,000		15,592,044
Henderson Land Development Co. Ltd.	2,625,000		16,339,717
Kerry Properties Ltd.	3,378,000		17,025,903
Midland Holdings Ltd.	4,368,000		4,110,728
New World Development Co. Ltd.	6,853,000		12,245,850
Poly (Hong Kong) Investments Ltd.	9,553,000		11,523,864
Shimao Property Holdings Ltd.	9,905,500		19,001,217
Sinyi Realty, Inc.	1,179,370		1,777,120
Sun Hung Kai Properties Ltd.	3,239,000		47,579,002
Wharf Holdings Ltd.	391,000		2,139,363
			200,000,908
TOTAL FINANCIALS			779,895,900
HEALTH CARE - 0.4%
Pharmaceuticals - 0.4%
China Shineway Pharmaceutical Group Ltd.	2,843,000		7,576,453
INDUSTRIALS - 8.9%
Airlines - 1.5%
Air China Ltd. (H Shares) (a)	13,374,000		15,341,144

	Shares		Value
Cathay Pacific Airways Ltd.	3,189,000		$ 7,102,633
China Eastern Airlines Corp. Ltd. (a)	8,028,000		4,495,887
China Southern Airlines Ltd. (H Shares) (a)	4,302,000		2,076,923
			29,016,587
Building Products - 0.3%
China Liansu Group Holdgs Ltd. (a)	17,124,000		5,820,066
Electrical Equipment - 1.1%
China High Speed Transmission Equipment Group Co. Ltd.	1,554,000		3,553,143
Dongfang Electric Corp. Ltd. (d)	3,411,000		11,724,969
Zhuzhou CSR Times Electric Co. Ltd. (H Shares)	1,737,000		4,651,381
			19,929,493
Industrial Conglomerates - 2.4%
Far Eastern Textile Ltd.	18,140,420		21,068,124
Hutchison Whampoa Ltd.	1,801,000		11,894,599
Shanghai Industrial Holdings Ltd.	2,674,000		12,186,624
			45,149,347
Machinery - 1.0%
China International Marine Containers Co. Ltd. (B Shares)	6,324,499		9,208,894
Haitian International Holdings Ltd.	12,874,000		9,795,345
			19,004,239
Marine - 1.0%
Orient Overseas International Ltd. (a)	1,174,000		9,174,355
Shun Tak Holdings Ltd.	17,692,000		10,044,637
			19,218,992
Transportation Infrastructure - 1.6%
China Merchant Holdings International Co. Ltd.	1,228,000		4,647,982
Cosco Pacific Ltd.	7,136,000		9,738,217
Zhejiang Expressway Co. Ltd. (H Shares)	17,218,000		16,248,206
			30,634,405
TOTAL INDUSTRIALS			168,773,129
INFORMATION TECHNOLOGY - 16.9%
Communications Equipment - 1.2%
O-Net Communications Group Ltd. (a)	18,314,000		8,346,516
Vtech Holdings Ltd.	1,031,000		10,963,708
ZTE Corp. (H Shares)	925,930		2,962,261
			22,272,485
Computers & Peripherals - 1.6%
Acer, Inc.	2,301,108		6,172,257
HTC Corp.	1,302,000		23,933,599
			30,105,856
Electronic Equipment & Components - 7.6%
AU Optronics Corp.	7,798,090		7,394,793
Chroma ATE, Inc.	1,818,000		3,654,471
Coretronic Corp.	6,526,000		9,088,966
Delta Electronics, Inc.	1,347,000		4,653,177
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Electronic Equipment & Components - continued
HLS Systems International Ltd. (a)(d)	285,600		$ 2,787,456
Hon Hai Precision Industry Co. Ltd. (Foxconn)	14,277,225		57,577,555
Kingboard Chemical Holdings Ltd.	2,618,000		12,116,781
Kingboard Chemical Holdings Ltd. warrants 10/31/12 (a)	321,650		127,956
Kingboard Laminates Holdings Ltd.	4,226,000		4,194,716
Nan Ya Printed Circuit Board Corp.	667,000		2,731,598
Tripod Technology Corp.	3,001,820		11,448,911
Unimicron Technology Corp.	13,437,000		22,389,749
WPG Holding Co. Ltd.	3,052,000		6,306,751
			144,472,880
Internet Software & Services - 3.7%
G-Resources Group Ltd. (a)	50,256,000		2,588,014
Sina Corp. (a)	146,100		6,250,158
Tencent Holdings Ltd.	3,193,400		61,545,153
			70,383,325
Semiconductors & Semiconductor Equipment - 2.8%
Macronix International Co. Ltd.	8,126,000		5,423,684
MediaTek, Inc.	767,794		10,405,274
Taiwan Semiconductor Manufacturing Co. Ltd.	19,519,796		37,748,519
			53,577,477
TOTAL INFORMATION TECHNOLOGY			320,812,023
MATERIALS - 3.8%
Chemicals - 2.6%
China BlueChemical Ltd. (H shares)	12,244,000		7,850,032
Formosa Plastics Corp.	8,070,250		16,878,460
Nan Ya Plastics Corp.	4,473,000		7,886,743
Taiwan Fertilizer Co. Ltd.	4,637,000		12,843,711
Yingde Gases Group Co. Ltd.	3,180,000		3,119,614
			48,578,560
Construction Materials - 0.4%
Anhui Conch Cement Co. Ltd. (H Shares)	2,456,000		8,584,538
Metals & Mining - 0.7%
Xingda International Holdings Ltd.	12,842,000		8,663,287
Zhaojin Mining Industry Co. Ltd. (H Shares)	2,435,000		5,266,559
			13,929,846
Paper & Forest Products - 0.1%
China Forestry Holdings Co. Ltd.	4,358,000		1,739,273
TOTAL MATERIALS			72,832,217

	Shares		Value
TELECOMMUNICATION SERVICES - 4.5%
Diversified Telecommunication Services - 0.7%
China Unicom (Hong Kong) Ltd.	9,508,000		$ 12,980,494
Wireless Telecommunication Services - 3.8%
China Mobile (Hong Kong) Ltd.	5,636,000		57,273,451
SOFTBANK CORP.	509,600		15,242,302
			72,515,753
TOTAL TELECOMMUNICATION SERVICES			85,496,247
UTILITIES - 0.7%
Gas Utilities - 0.2%
Xinao Gas Holdings Ltd.	1,854,000		4,387,064
Independent Power Producers & Energy Traders - 0.5%
China Power New Egy Development Co. Ltd. (a)	20,060,000		2,066,044
China Resources Power Holdings Co. Ltd.	3,324,600		7,259,120
			9,325,164
TOTAL UTILITIES			13,712,228
TOTAL COMMON STOCKS (Cost $1,504,676,374)		1,864,252,158
Money Market Funds - 2.3%

Fidelity Cash Central Fund, 0.24% (b)	39,117,394		39,117,394
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	5,202,417		5,202,417
TOTAL MONEY MARKET FUNDS (Cost $44,319,811)		44,319,811
TOTAL INVESTMENT PORTFOLIO - 100.5% (Cost $1,548,996,185)			1,908,571,969
NET OTHER ASSETS (LIABILITIES) - (0.5)%			(10,042,820)
NET ASSETS - 100%		$ 1,898,529,149

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	$ 41,839
Fidelity Securities Lending Cash Central Fund	393,354
Total	$ 435,193

Other Information

The following is a summary of the inputs used, as of July 31, 2010, involving the Fund's assets and liabilities carried at fair 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	$ 205,169,025	$ 205,169,025	$ -	$ -
Consumer Staples	75,038,960	72,668,947	2,370,013	-
Energy	134,945,976	22,829,690	112,116,286	-
Financials	779,895,900	668,141,020	86,752,878	25,002,002
Health Care	7,576,453	7,576,453	-	-
Industrials	168,773,129	168,773,129	-	-
Information Technology	320,812,023	275,668,711	45,143,312	-
Materials	72,832,217	72,832,217	-	-
Telecommunication Services	85,496,247	15,242,302	70,253,945	-
Utilities	13,712,228	13,712,228	-	-
Money Market Funds	44,319,811	44,319,811	-	-
Total Investments in Securities:	$ 1,908,571,969	$ 1,566,933,533	$ 316,636,434	$ 25,002,002

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

Investments in Securities:
Equities - Financials
Beginning Balance	$ -
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	(1,338,816)
Cost of Purchases	3,514,702
Proceeds of Sales	-
Amortization/Accretion	-
Transfers in to Level 3	22,826,116
Transfers out of Level 3	-
Ending Balance	$ 25,002,002
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ (1,338,816)

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

Income Tax Information

At July 31, 2010, the cost of investment securities for income tax purposes was $1,556,826,365. Net unrealized appreciation aggregated $351,745,604, of which $397,947,629 related to appreciated investment securities and $46,202,025 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 and are categorized as Level 1 in the hierarchy. 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 or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in significant transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Quarterly Report

Quarterly Holdings Report

for

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

July 31, 2010

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

1.861466.102

AHKC-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.2%
	Shares		Value
CONSUMER DISCRETIONARY - 10.8%
Auto Components - 0.6%
Minth Group Ltd.	7,354,000		$ 11,039,284
Automobiles - 1.1%
Brilliance China Automotive Holdings Ltd. (a)	4,994,000		2,083,110
BYD Co. Ltd. (H Shares)	884,800		6,088,518
Dongfeng Motor Group Co. Ltd. (H Shares)	7,076,000		9,874,971
Great Wall Motor Co. Ltd. (H Shares)	1,412,000		2,814,002
			20,860,601
Distributors - 2.5%
Li & Fung Ltd.	10,510,000		48,169,424
Diversified Consumer Services - 0.1%
New Oriental Education & Technology Group, Inc. sponsored ADR (a)	22,616		2,211,845
Hotels, Restaurants & Leisure - 1.7%
Ctrip.com International Ltd. sponsored ADR (a)	573,700		23,097,162
SJM Holdings Ltd.	10,897,000		9,609,842
			32,707,004
Household Durables - 0.3%
Techtronic Industries Co. Ltd.	6,585,500		5,434,574
Media - 0.0%
Charm Communications, Inc. ADR	13,100		85,019
Multiline Retail - 1.7%
Far East Department Stores Co. Ltd.	12,231,820		11,988,044
Golden Eagle Retail Group Ltd. (H Shares)	2,596,000		6,169,573
Maoye International Holdings Ltd.	35,968,000		14,725,232
			32,882,849
Specialty Retail - 1.4%
Belle International Holdings Ltd.	5,085,000		7,842,716
Chow Sang Sang Holdings International Ltd.	2,500,000		4,937,238
GOME Electrical Appliances Holdings Ltd. (a)	27,734,000		9,604,694
Huiyin Household Appliances Holdings Co. Ltd.	15,664,000		3,932,385
			26,317,033
Textiles, Apparel & Luxury Goods - 1.4%
Anta Sports Products Ltd.	2,418,000		4,270,996
Li Ning Co. Ltd.	2,697,000		8,888,729
Texwinca Holdings Ltd.	9,314,000		9,532,835
Trinity Ltd.	4,310,000		2,768,832
			25,461,392
TOTAL CONSUMER DISCRETIONARY			205,169,025

	Shares		Value
CONSUMER STAPLES - 4.0%
Beverages - 0.1%
Wuliangye Yibin Co. Ltd. (BNP Paribas Warrant Program) warrants 5/5/15 (a)	578,000		$ 2,370,013
Food & Staples Retailing - 1.1%
Dairy Farm International Holdings Ltd.	2,642,400		20,293,632
Food Products - 1.8%
Asian Citrus Holdings Ltd.	8,442,803		6,097,731
China Agri-Industries Holding Ltd.	3,147,000		3,561,266
China Mengniu Dairy Co. Ltd.	2,326,000		7,231,786
Tingyi (Cayman Islands) Holding Corp.	4,950,000		12,554,232
Want Want China Holdings Ltd.	5,577,000		4,365,389
			33,810,404
Personal Products - 1.0%
Hengan International Group Co. Ltd.	2,155,500		18,564,911
TOTAL CONSUMER STAPLES			75,038,960
ENERGY - 7.1%
Oil, Gas & Consumable Fuels - 7.1%
China Coal Energy Co. Ltd. (H Shares)	5,348,000		7,463,446
China Petroleum & Chemical Corp. (H Shares)	26,100,000		21,062,526
CNOOC Ltd.	37,343,000		62,937,193
CNPC (Hong Kong) Ltd.	6,980,000		9,093,994
PetroChina Co. Ltd. (H Shares)	24,580,000		28,116,567
Sino Prosper State Gold Resources Holdings, Ltd. (a)	79,370,000		1,839,279
SouthGobi Energy Resources Ltd.	351,000		4,432,971
			134,945,976
FINANCIALS - 41.1%
Capital Markets - 1.5%
China Vanke Co. Ltd. Class A (UBS Warrant Programme) warrants 7/15/13 (a)	1,219,300		1,491,955
Wuliangye Yibin Co. Ltd. (UBS Warrant Programme) warrants 4/22/13 (a)	1,209,300		4,958,576
Yuanta Financial Holding Co. Ltd.	38,078,000		21,308,205
			27,758,736
Commercial Banks - 18.1%
Bank of China Ltd. (H Shares)	120,075,000		63,380,431
BOC Hong Kong (Holdings) Ltd.	21,210,500		54,449,613
China Construction Bank Corp. (H Shares)	96,357,000		81,749,941
China Merchants Bank Co. Ltd. (H Shares)	12,012,464		32,089,942
Chinatrust Financial Holding Co. Ltd.	6,964,601		4,180,394
E.Sun Financial Holdings Co. Ltd.	8,932,410		4,146,816
Hang Seng Bank Ltd.	356,800		4,942,604
HSBC Holdings PLC (Hong Kong)	972,800		9,959,186
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Commercial Banks - continued
Industrial & Commercial Bank of China (Asia) Ltd.	600,000		$ 1,780,496
Industrial & Commercial Bank of China Ltd. (H Shares)	98,930,000		75,526,862
Mega Financial Holding Co. Ltd.	8,480,000		5,076,733
Standard Chartered PLC (United Kingdom)	195,056		5,635,154
			342,918,172
Diversified Financial Services - 4.0%
China Everbright Ltd.	4,008,000		10,448,922
Fubon Financial Holding Co. Ltd.	12,393,000		15,226,101
Hong Kong Exchanges and Clearing Ltd.	3,125,100		51,377,569
			77,052,592
Insurance - 7.0%
Cathay Financial Holding Co. Ltd.	15,648,000		24,655,231
China Life Insurance Co. Ltd. (H Shares)	15,738,000		70,343,161
CNinsure, Inc. ADR	38,600		910,188
PICC Property & Casualty Co. Ltd. (H Shares) (a)	12,882,000		13,035,406
Ping An Insurance Group Co. China Ltd. (H Shares)	2,803,000		23,221,506
			132,165,492
Real Estate Management & Development - 10.5%
Cheung Kong Holdings Ltd.	2,073,000		25,046,804
China Overseas Land & Investment Ltd.	5,487,920		11,756,548
China Resources Land Ltd.	4,232,000		8,978,868
E-House China Holdings Ltd. ADR sponsored ADR (d)	249,600		4,068,480
Farglory Land Development Co. Ltd.	1,416,000		2,815,400
Hang Lung Properties Ltd.	3,738,000		15,592,044
Henderson Land Development Co. Ltd.	2,625,000		16,339,717
Kerry Properties Ltd.	3,378,000		17,025,903
Midland Holdings Ltd.	4,368,000		4,110,728
New World Development Co. Ltd.	6,853,000		12,245,850
Poly (Hong Kong) Investments Ltd.	9,553,000		11,523,864
Shimao Property Holdings Ltd.	9,905,500		19,001,217
Sinyi Realty, Inc.	1,179,370		1,777,120
Sun Hung Kai Properties Ltd.	3,239,000		47,579,002
Wharf Holdings Ltd.	391,000		2,139,363
			200,000,908
TOTAL FINANCIALS			779,895,900
HEALTH CARE - 0.4%
Pharmaceuticals - 0.4%
China Shineway Pharmaceutical Group Ltd.	2,843,000		7,576,453
INDUSTRIALS - 8.9%
Airlines - 1.5%
Air China Ltd. (H Shares) (a)	13,374,000		15,341,144

	Shares		Value
Cathay Pacific Airways Ltd.	3,189,000		$ 7,102,633
China Eastern Airlines Corp. Ltd. (a)	8,028,000		4,495,887
China Southern Airlines Ltd. (H Shares) (a)	4,302,000		2,076,923
			29,016,587
Building Products - 0.3%
China Liansu Group Holdgs Ltd. (a)	17,124,000		5,820,066
Electrical Equipment - 1.1%
China High Speed Transmission Equipment Group Co. Ltd.	1,554,000		3,553,143
Dongfang Electric Corp. Ltd. (d)	3,411,000		11,724,969
Zhuzhou CSR Times Electric Co. Ltd. (H Shares)	1,737,000		4,651,381
			19,929,493
Industrial Conglomerates - 2.4%
Far Eastern Textile Ltd.	18,140,420		21,068,124
Hutchison Whampoa Ltd.	1,801,000		11,894,599
Shanghai Industrial Holdings Ltd.	2,674,000		12,186,624
			45,149,347
Machinery - 1.0%
China International Marine Containers Co. Ltd. (B Shares)	6,324,499		9,208,894
Haitian International Holdings Ltd.	12,874,000		9,795,345
			19,004,239
Marine - 1.0%
Orient Overseas International Ltd. (a)	1,174,000		9,174,355
Shun Tak Holdings Ltd.	17,692,000		10,044,637
			19,218,992
Transportation Infrastructure - 1.6%
China Merchant Holdings International Co. Ltd.	1,228,000		4,647,982
Cosco Pacific Ltd.	7,136,000		9,738,217
Zhejiang Expressway Co. Ltd. (H Shares)	17,218,000		16,248,206
			30,634,405
TOTAL INDUSTRIALS			168,773,129
INFORMATION TECHNOLOGY - 16.9%
Communications Equipment - 1.2%
O-Net Communications Group Ltd. (a)	18,314,000		8,346,516
Vtech Holdings Ltd.	1,031,000		10,963,708
ZTE Corp. (H Shares)	925,930		2,962,261
			22,272,485
Computers & Peripherals - 1.6%
Acer, Inc.	2,301,108		6,172,257
HTC Corp.	1,302,000		23,933,599
			30,105,856
Electronic Equipment & Components - 7.6%
AU Optronics Corp.	7,798,090		7,394,793
Chroma ATE, Inc.	1,818,000		3,654,471
Coretronic Corp.	6,526,000		9,088,966
Delta Electronics, Inc.	1,347,000		4,653,177
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Electronic Equipment & Components - continued
HLS Systems International Ltd. (a)(d)	285,600		$ 2,787,456
Hon Hai Precision Industry Co. Ltd. (Foxconn)	14,277,225		57,577,555
Kingboard Chemical Holdings Ltd.	2,618,000		12,116,781
Kingboard Chemical Holdings Ltd. warrants 10/31/12 (a)	321,650		127,956
Kingboard Laminates Holdings Ltd.	4,226,000		4,194,716
Nan Ya Printed Circuit Board Corp.	667,000		2,731,598
Tripod Technology Corp.	3,001,820		11,448,911
Unimicron Technology Corp.	13,437,000		22,389,749
WPG Holding Co. Ltd.	3,052,000		6,306,751
			144,472,880
Internet Software & Services - 3.7%
G-Resources Group Ltd. (a)	50,256,000		2,588,014
Sina Corp. (a)	146,100		6,250,158
Tencent Holdings Ltd.	3,193,400		61,545,153
			70,383,325
Semiconductors & Semiconductor Equipment - 2.8%
Macronix International Co. Ltd.	8,126,000		5,423,684
MediaTek, Inc.	767,794		10,405,274
Taiwan Semiconductor Manufacturing Co. Ltd.	19,519,796		37,748,519
			53,577,477
TOTAL INFORMATION TECHNOLOGY			320,812,023
MATERIALS - 3.8%
Chemicals - 2.6%
China BlueChemical Ltd. (H shares)	12,244,000		7,850,032
Formosa Plastics Corp.	8,070,250		16,878,460
Nan Ya Plastics Corp.	4,473,000		7,886,743
Taiwan Fertilizer Co. Ltd.	4,637,000		12,843,711
Yingde Gases Group Co. Ltd.	3,180,000		3,119,614
			48,578,560
Construction Materials - 0.4%
Anhui Conch Cement Co. Ltd. (H Shares)	2,456,000		8,584,538
Metals & Mining - 0.7%
Xingda International Holdings Ltd.	12,842,000		8,663,287
Zhaojin Mining Industry Co. Ltd. (H Shares)	2,435,000		5,266,559
			13,929,846
Paper & Forest Products - 0.1%
China Forestry Holdings Co. Ltd.	4,358,000		1,739,273
TOTAL MATERIALS			72,832,217

	Shares		Value
TELECOMMUNICATION SERVICES - 4.5%
Diversified Telecommunication Services - 0.7%
China Unicom (Hong Kong) Ltd.	9,508,000		$ 12,980,494
Wireless Telecommunication Services - 3.8%
China Mobile (Hong Kong) Ltd.	5,636,000		57,273,451
SOFTBANK CORP.	509,600		15,242,302
			72,515,753
TOTAL TELECOMMUNICATION SERVICES			85,496,247
UTILITIES - 0.7%
Gas Utilities - 0.2%
Xinao Gas Holdings Ltd.	1,854,000		4,387,064
Independent Power Producers & Energy Traders - 0.5%
China Power New Egy Development Co. Ltd. (a)	20,060,000		2,066,044
China Resources Power Holdings Co. Ltd.	3,324,600		7,259,120
			9,325,164
TOTAL UTILITIES			13,712,228
TOTAL COMMON STOCKS (Cost $1,504,676,374)		1,864,252,158
Money Market Funds - 2.3%

Fidelity Cash Central Fund, 0.24% (b)	39,117,394		39,117,394
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	5,202,417		5,202,417
TOTAL MONEY MARKET FUNDS (Cost $44,319,811)		44,319,811
TOTAL INVESTMENT PORTFOLIO - 100.5% (Cost $1,548,996,185)			1,908,571,969
NET OTHER ASSETS (LIABILITIES) - (0.5)%			(10,042,820)
NET ASSETS - 100%		$ 1,898,529,149

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	$ 41,839
Fidelity Securities Lending Cash Central Fund	393,354
Total	$ 435,193

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 205,169,025	$ 205,169,025	$ -	$ -
Consumer Staples	75,038,960	72,668,947	2,370,013	-
Energy	134,945,976	22,829,690	112,116,286	-
Financials	779,895,900	668,141,020	86,752,878	25,002,002
Health Care	7,576,453	7,576,453	-	-
Industrials	168,773,129	168,773,129	-	-
Information Technology	320,812,023	275,668,711	45,143,312	-
Materials	72,832,217	72,832,217	-	-
Telecommunication Services	85,496,247	15,242,302	70,253,945	-
Utilities	13,712,228	13,712,228	-	-
Money Market Funds	44,319,811	44,319,811	-	-
Total Investments in Securities:	$ 1,908,571,969	$ 1,566,933,533	$ 316,636,434	$ 25,002,002

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

Investments in Securities:
Equities - Financials
Beginning Balance	$ -
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	(1,338,816)
Cost of Purchases	3,514,702
Proceeds of Sales	-
Amortization/Accretion	-
Transfers in to Level 3	22,826,116
Transfers out of Level 3	-
Ending Balance	$ 25,002,002
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ (1,338,816)

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 and are categorized as Level 1 in the hierarchy. 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 or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in significant transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Quarterly Report

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

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

Quarterly Report

Quarterly Holdings Report

for

Diversified International Fund -
Diversified International
Class K
Class F

July 31, 2010

1.804871.106

DIF-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.9%
	Shares		Value
Australia - 2.7%
AMP Ltd.	14,400,000		$ 69,058,152
BHP Billiton Ltd. sponsored ADR (d)	7,006,600		506,086,718
Macquarie Group Ltd.	1,860,918		62,639,282
Newcrest Mining Ltd.	4,391,542		129,979,295
QBE Insurance Group Ltd.	4,150,000		62,710,629
Westfield Group unit	4,650,000		51,374,216
TOTAL AUSTRALIA			881,848,292
Bailiwick of Guernsey - 0.2%
Resolution Ltd. (d)(e)	4,595,413		17,175,343
Resolution Ltd. rights 8/5/10 (a)	38,916,400		53,101,739
TOTAL BAILIWICK OF GUERNSEY			70,277,082
Bailiwick of Jersey - 1.7%
Experian PLC	16,500,000		162,388,215
Informa PLC	20,666,615		127,190,649
Randgold Resources Ltd. sponsored ADR	888,300		79,840,404
Shire PLC	3,113,100		71,172,315
WPP PLC	13,079,000		139,013,843
TOTAL BAILIWICK OF JERSEY			579,605,426
Belgium - 1.2%
Ageas	25,335,700		69,773,974
Anheuser-Busch InBev SA NV	6,136,200		324,983,135
Anheuser-Busch InBev SA NV (strip VVPR) (a)	5,339,200		20,877
TOTAL BELGIUM			394,777,986
Bermuda - 0.5%
Huabao International Holdings Ltd.	79,000,000		101,909,237
Li & Fung Ltd.	15,900,000		72,872,868
TOTAL BERMUDA			174,782,105
Brazil - 1.2%
Banco Do Brasil SA	3,350,000		57,912,994
Banco Santander (Brasil) SA ADR (d)	5,000,000		66,600,000
BM&F BOVESPA SA	11,250,000		83,167,472
Drogasil SA	1,750,000		36,423,088
Itau Unibanco Banco Multiplo SA ADR	3,475,000		77,805,250
Vivo Participacoes SA sponsored ADR	2,506,700		67,029,158
TOTAL BRAZIL			388,937,962
Canada - 4.7%
Agnico-Eagle Mines Ltd. (Canada)	1,250,000		69,835,595
Air Canada:
warrants 10/27/12 (a)(f)	2,921,100		1,903,922
Class A (a)(f)	5,842,200		12,332,870
Barrick Gold Corp.	1,500,000		61,666,424
Canadian Natural Resources Ltd.	2,557,000		88,056,618
Fairfax Financial Holdings Ltd. (sub. vtg.)	90,300		35,972,421
Goldcorp, Inc.	1,475,000		57,826,256
InterOil Corp. (a)	157,000		9,420,000
Ivanhoe Mines Ltd. (a)	1,958,400		34,559,440
Loblaw Companies Ltd.	255,800		10,862,075

	Shares		Value
Niko Resources Ltd.	2,275,000		$ 245,393,259
Open Text Corp. (a)	1,300,000		51,458,729
OZ Optics Ltd. unit (a)(g)	102,000		451,860
Painted Pony Petroleum Ltd. (a)(e)(f)	677,100		4,347,352
Painted Pony Petroleum Ltd. Class A (a)(e)	3,125,000		20,064,205
PetroBakken Energy Ltd. Class A (d)	2,559,300		56,143,018
Petrobank Energy & Resources Ltd. (a)(e)	5,591,728		230,370,817
Silver Wheaton Corp. (a)	2,126,900		40,119,258
Suncor Energy, Inc.	9,425,000		310,728,392
Talisman Energy, Inc.	5,669,900		96,801,153
Trican Well Service Ltd.	3,600,000		54,633,007
Uranium One, Inc. (a)	20,200,000		54,825,624
TOTAL CANADA			1,547,772,295
Cayman Islands - 0.3%
Belle International Holdings Ltd.	26,000,000		40,100,418
Hengan International Group Co. Ltd.	6,270,500		54,006,624
TOTAL CAYMAN ISLANDS			94,107,042
China - 1.3%
Agricultural Bank of China (H Shares)	143,770,000		64,782,105
Baidu.com, Inc. sponsored ADR (a)	1,315,000		107,054,150
BYD Co. Ltd. (H Shares) (d)	4,248,000		29,231,490
China Merchants Bank Co. Ltd. (H Shares)	62,600,000		167,228,838
NetEase.com, Inc. sponsored ADR (a)	1,279,400		49,001,020
Tingyi (Cayman Islands) Holding Corp.	7,700,000		19,528,806
TOTAL CHINA			436,826,409
Denmark - 2.1%
Carlsberg AS Series B	2,014,650		178,664,955
Danske Bank AS (a)	463,497		10,920,596
Novo Nordisk AS Series B	4,712,488		403,287,268
William Demant Holding AS (a)	1,250,000		91,612,734
TOTAL DENMARK			684,485,553
Finland - 0.1%
Fortum Corp.	1,473,700		34,285,332
France - 8.6%
Atos Origin SA (a)	1,525,000		65,491,708
AXA SA	114,138		2,104,235
AXA SA sponsored ADR	9,600,000		177,120,000
BNP Paribas SA	4,025,000		276,515,802
Cap Gemini SA	5,000,000		237,991,709
Carrefour SA	44,000		2,025,797
Danone	2,600,000		145,850,078
Dassault Aviation SA (d)	36,265		28,737,248
Essilor International SA	1,900,000		118,865,519
Euler Hermes SA (a)	440,000		34,895,893
GDF Suez	2,100,000		69,767,022
Iliad Group SA (d)	725,000		63,829,937
Common Stocks - continued
	Shares		Value
France - continued
LVMH Moet Hennessy - Louis Vuitton	1,587,102		$ 193,657,593
Pernod-Ricard SA (d)	1,185,600		92,807,820
PPR SA	1,675,000		224,096,369
Sanofi-Aventis	5,728,900		333,086,198
Schneider Electric SA	2,152,067		248,233,341
Societe Generale Series A	4,271,100		246,244,662
Technip SA	1,525,000		101,566,807
Vallourec SA (d)	1,850,346		180,174,255
TOTAL FRANCE			2,843,061,993
Germany - 6.1%
adidas AG	23,100		1,251,263
BASF AG	2,025,900		118,318,867
Bayerische Motoren Werke AG (BMW)	5,200,000		279,975,219
Daimler AG (Germany) (a)	4,336,700		233,861,344
Deutsche Boerse AG	1,800,000		126,028,731
E.ON AG	2,800,000		83,552,555
Fresenius Medical Care AG & Co. KGaA	2,829,400		155,270,544
Fresenius SE	2,355,600		164,254,162
GEA Group AG	3,150,000		71,292,919
GFK AG	1,600,000		59,662,149
HeidelbergCement AG	1,683,500		84,794,462
Linde AG	1,548,500		181,540,460
MAN SE	10,500		974,795
Metro AG	1,000,000		55,516,193
Munich Re Group	775,000		107,373,231
Rheinmetall AG	764,950		45,792,099
SAP AG	530,550		24,229,892
Siemens AG	28,300		2,758,615
Siemens AG sponsored ADR	2,296,200		223,626,918
Symrise AG	90,000		2,240,459
TOTAL GERMANY			2,022,314,877
Hong Kong - 0.8%
Hang Lung Properties Ltd.	17,512,000		73,046,514
Henderson Land Development Co. Ltd.	11,717,000		72,934,271
Henderson Land Development Co. Ltd. warrants 6/1/11 (a)	2,171,600		335,490
Swire Pacific Ltd. (A Shares)	4,577,000		55,625,207
Wharf Holdings Ltd.	10,294,000		56,323,785
TOTAL HONG KONG			258,265,267
India - 0.9%
HDFC Bank Ltd.	1,890,694		87,539,293
Infrastructure Development Finance Co. Ltd.	11,302,606		45,310,329
Larsen & Toubro Ltd.	844,293		32,659,587
Reliance Industries Ltd.	3,280,000		71,394,892
State Bank of India	1,012,201		54,617,612
TOTAL INDIA			291,521,713

	Shares		Value
Ireland - 0.8%
Covidien PLC	1,925,000		$ 71,841,000
CRH PLC	6,144,942		128,129,730
Ingersoll-Rand Co. Ltd.	1,636,000		61,284,560
TOTAL IRELAND			261,255,290
Israel - 0.6%
Teva Pharmaceutical Industries Ltd. sponsored ADR	4,400,000		214,940,000
Italy - 1.9%
Fiat SpA	10,750,000		137,728,252
Intesa Sanpaolo SpA	30,513,700		101,015,878
Mediaset SpA (d)	19,000,000		122,146,703
Saipem SpA	5,831,650		209,778,795
Unione di Banche Italiane SCpA	4,769,336		51,189,699
TOTAL ITALY			621,859,327
Japan - 14.2%
Canon, Inc. sponsored ADR	4,750,000		205,770,000
Denso Corp.	5,750,200		164,804,690
East Japan Railway Co.	1,650,000		106,340,757
Fanuc Ltd.	850,000		100,416,546
Fast Retailing Co. Ltd.	675,000		100,986,404
Honda Motor Co. Ltd.	4,850,000		153,393,270
Hoya Corp.	2,000,000		47,578,825
Ibiden Co. Ltd.	1,600,000		47,782,470
Itochu Corp.	8,481,700		66,145,974
Japan Tobacco, Inc.	44,700		143,784,784
JSR Corp.	4,543,500		79,593,393
Keyence Corp.	931,200		214,415,735
Mazda Motor Corp.	32,330,000		78,183,048
Mitsubishi Corp.	5,917,200		127,963,515
Mitsubishi UFJ Financial Group, Inc.	81,200,800		402,127,862
Mitsui & Co. Ltd.	13,350,000		171,151,865
Mizuho Financial Group, Inc.	55,000,000		89,126,669
Murata Manufacturing Co. Ltd.	1,150,300		56,832,872
NGK Insulators Ltd.	4,111,000		69,543,326
Nintendo Co. Ltd.	481,000		134,462,944
Nippon Electric Glass Co. Ltd.	3,968,000		50,549,817
NSK Ltd.	11,469,000		81,613,364
Omron Corp.	4,001,300		96,484,919
ORIX Corp.	3,800,000		298,987,560
Rakuten, Inc.	200,000		153,196,412
Ricoh Co. Ltd.	5,500,000		76,175,875
ROHM Co. Ltd.	1,346,800		84,929,823
Shin-Etsu Chemical Co., Ltd.	1,688,200		84,092,577
SOFTBANK CORP.	8,116,400		242,764,176
Sony Financial Holdings, Inc.	19,800		71,822,968
Sumitomo Corp.	2,944,600		31,277,325
Sumitomo Mitsui Financial Group, Inc.	10,368,600		321,045,686
THK Co. Ltd.	5,000,000		98,756,146
Tokai Carbon Co. Ltd.	6,650,000		35,087,070
Tokyo Electron Ltd.	2,743,300		147,282,753
Common Stocks - continued
	Shares		Value
Japan - continued
Toyota Motor Corp. sponsored ADR (d)	2,308,100		$ 162,097,863
Yahoo! Japan Corp.	299,774		115,331,044
TOTAL JAPAN			4,711,900,327
Korea (South) - 2.0%
Amorepacific Corp.	119,301		97,437,951
NCsoft Corp.	405,877		64,514,781
NHN Corp. (a)	1,000,000		155,569,608
Samsung Electronics Co. Ltd.	377,954		258,839,707
Shinhan Financial Group Co. Ltd.	2,186,480		89,774,326
TOTAL KOREA (SOUTH)			666,136,373
Luxembourg - 0.4%
SES SA FDR (France) unit	5,100,000		125,995,496
Netherlands - 3.3%
Aegon NV (a)	20,255,694		121,685,527
Gemalto NV	1,700,000		69,794,392
ING Groep NV sponsored ADR (a)(d)	19,796,300		190,440,406
Koninklijke Ahold NV	6,327,798		81,236,254
Koninklijke KPN NV	10,000,000		139,197,779
Koninklijke Philips Electronics NV	64,250		1,997,644
Koninklijke Philips Electronics NV unit	7,184,500		223,581,640
QIAGEN NV (a)	920,900		17,239,248
Randstad Holdings NV (a)	2,881,180		129,441,259
Reed Elsevier NV	167,000		2,162,560
Unilever NV (Certificaten Van Aandelen) (Bearer) unit	87,600		2,576,929
Wolters Kluwer NV (Certificaten Van Aandelen)	4,925,000		99,366,100
TOTAL NETHERLANDS			1,078,719,738
Netherlands Antilles - 0.5%
Schlumberger Ltd.	2,780,000		165,854,800
Norway - 1.2%
DnB NOR ASA	12,400,000		154,042,974
Pronova BioPharma ASA (a)(d)	14,411,559		35,355,599
Storebrand ASA (A Shares) (a)	4,980,000		29,542,998
Telenor ASA	12,137,500		187,353,359
TOTAL NORWAY			406,294,930
Papua New Guinea - 0.3%
Lihir Gold Ltd.	27,000,000		100,352,091
South Africa - 0.5%
AngloGold Ashanti Ltd. sponsored ADR	1,750,000		70,910,000
Impala Platinum Holdings Ltd.	3,600,000		97,468,434
Shoprite Holdings Ltd.	728,800		9,132,106
TOTAL SOUTH AFRICA			177,510,540
Spain - 3.9%
Banco Bilbao Vizcaya Argentaria SA	6,400,000		85,836,533

	Shares		Value
Banco Santander SA (d)	148,000		$ 1,922,978
Banco Santander SA sponsored ADR (d)	41,500,000		529,955,000
Enagas SA	4,000,000		73,821,744
Gestevision Telecinco SA	2,146,438		24,601,742
Iberdrola SA	5,200,000		36,699,729
Inditex SA	2,050,000		135,597,275
Prosegur Compania de Seguridad SA (Reg.)	1,100,000		54,092,935
Red Electrica Corporacion SA	1,450,000		63,499,212
Telefonica SA	12,608,618		285,570,403
TOTAL SPAIN			1,291,597,551
Sweden - 0.9%
H&M Hennes & Mauritz AB (B Shares)	5,850,000		184,301,746
Skandinaviska Enskilda Banken AB (A Shares)	2,801,014		19,282,680
Swedbank AB (A Shares) (a)	5,731,400		65,548,223
Telefonaktiebolaget LM Ericsson:
(B Shares)	105,000		1,158,852
(B Shares) sponsored ADR	3,200,000		35,200,000
TeliaSonera AB	202,000		1,462,247
TOTAL SWEDEN			306,953,748
Switzerland - 8.4%
Actelion Ltd. (a)	2,225,000		89,999,760
ARYZTA AG	485,080		19,840,054
Bank Sarasin & Co. Ltd. Series B (Reg.)	48,400		1,793,711
Clariant AG (Reg.) (a)	5,000,500		66,254,044
Kuehne & Nagel International AG	1,465,000		157,112,477
Nestle SA	14,839,771		733,760,459
Noble Corp.	1,522,800		49,491,000
Novartis AG	53,000		2,576,869
Novartis AG sponsored ADR (d)	2,350,000		114,539,000
Petroplus Holdings AG	1,667,310		25,836,862
Roche Holding AG (participation certificate)	2,460,000		320,032,644
Schindler Holding AG (Reg.)	1,300,000		114,204,791
SGS Societe Generale de Surveillance Holding SA (Reg.)	63,000		88,492,151
Sonova Holding AG Class B	1,825,000		221,477,605
Syngenta AG (Switzerland)	449,960		99,392,821
Tecan Group AG (e)	600,000		37,732,226
Transocean Ltd. (a)	176,100		8,137,581
UBS AG (a)	19,355,205		328,605,475
Zurich Financial Services AG	1,290,000		301,212,616
TOTAL SWITZERLAND			2,780,492,146
Taiwan - 1.0%
Hon Hai Precision Industry Co. Ltd. (Foxconn)	34,500,000		139,132,475
HTC Corp.	11,235,000		206,523,800
TOTAL TAIWAN			345,656,275
Common Stocks - continued
	Shares		Value
Turkey - 0.0%
Turkiye Garanti Bankasi AS	288,000		$ 1,490,347
United Kingdom - 18.4%
Anglo American PLC (United Kingdom)	3,400,000		134,620,477
Associated British Foods PLC	2,425,000		39,060,610
Barclays PLC	53,800,000		278,512,979
BG Group PLC	17,528,000		280,819,699
BHP Billiton PLC	4,828,800		147,857,312
BP PLC	424,500		2,713,419
BP PLC sponsored ADR	10,056,900		386,888,943
British American Tobacco PLC:
(United Kingdom)	57,500		1,977,334
sponsored ADR	2,200,000		151,646,000
British Land Co. PLC	13,500,000		97,778,761
Britvic PLC	1,450,000		10,916,064
Burberry Group PLC	7,093,243		93,617,231
Capita Group PLC	23,200,000		261,621,668
Carphone Warehouse Group PLC (a)	12,014,300		43,339,425
Centrica PLC	12,909,000		61,529,039
Ensco International Ltd. ADR	3,466,700		144,942,727
GlaxoSmithKline PLC sponsored ADR	2,784,100		97,916,797
HSBC Holdings PLC:
(United Kingdom)	501,871		5,101,206
sponsored ADR (d)	15,600,000		796,847,994
Imperial Tobacco Group PLC	6,294,550		178,097,595
Inchcape PLC (a)	18,399,998		86,200,509
ITV PLC (a)	57,000,000		46,219,180
Johnson Matthey PLC	1,500,000		39,782,466
Lloyds TSB Group PLC (a)	167,690,000		180,904,278
Man Group PLC	15,190,403		51,770,917
Misys PLC (a)	15,000,355		59,310,450
Ocado Group PLC (a)	5,448,800		14,271,650
Pearson PLC	9,950,000		154,621,925
Prudential PLC	911,943		7,932,269
QinetiQ Group PLC	20,813,408		40,315,030
Reckitt Benckiser Group PLC	6,200,000		303,877,500
Rio Tinto PLC	47,550		2,459,809
Rio Tinto PLC sponsored ADR	3,290,200		170,827,184
Royal Dutch Shell PLC:
Class A (United Kingdom)	149,500		4,113,878
Class A sponsored ADR	5,150,000		285,413,000
Class B ADR	8,842,600		472,371,692
Schroders PLC	2,154,026		43,513,462
Standard Chartered PLC (United Kingdom)	3,898,300		112,621,606
TalkTalk Telecom Group PLC (a)	20,856,732		40,071,831
Tesco PLC	28,500,000		174,618,206

	Shares		Value
Vodafone Group PLC	1,809,000		$ 4,216,018
Vodafone Group PLC sponsored ADR	24,350,000		571,738,000
TOTAL UNITED KINGDOM			6,082,976,140
United States of America - 7.2%
Agilent Technologies, Inc. (a)	3,800,000		106,134,000
Allergan, Inc.	1,070,000		65,334,200
Anadarko Petroleum Corp.	2,000,000		98,320,000
Apple, Inc. (a)	334,600		86,075,850
Burger King Holdings, Inc.	3,500,000		60,480,000
C. R. Bard, Inc.	1,030,000		80,885,900
Citigroup, Inc. (a)	16,600,000		68,060,000
CSX Corp.	1,700,000		89,624,000
eBay, Inc. (a)	2,883,600		60,296,076
Express Scripts, Inc. (a)	2,100,000		94,878,000
Google, Inc. Class A (a)	200,000		96,970,000
Hewlett-Packard Co.	1,750,000		80,570,000
Illumina, Inc. (a)	1,027,800		46,076,274
Jacobs Engineering Group, Inc. (a)	1,150,000		42,055,500
JPMorgan Chase & Co.	1,605,800		64,681,624
Lear Corp. (a)	131,800		10,302,806
Massey Energy Co.	522,971		15,992,453
Medco Health Solutions, Inc. (a)	2,325,000		111,600,000
Morgan Stanley	2,504,100		67,585,659
Newmont Mining Corp.	1,000,000		55,900,000
Occidental Petroleum Corp.	883,500		68,851,155
Pactiv Corp. (a)	2,877,900		87,545,718
Philip Morris International, Inc.	2,250,000		114,840,000
PNC Financial Services Group, Inc.	2,581,100		153,291,529
Pride International, Inc. (a)	2,900,000		68,991,000
Regions Financial Corp.	7,913,500		58,005,955
Schweitzer-Mauduit International, Inc. (e)	1,233,079		65,266,871
Southwestern Energy Co. (a)	877,300		31,977,585
The Walt Disney Co.	1,423,200		47,947,608
Visa, Inc. Class A	1,575,000		115,526,250
Wells Fargo & Co.	6,240,100		173,037,973
TOTAL UNITED STATES OF AMERICA			2,387,103,986
TOTAL COMMON STOCKS (Cost $29,517,188,156)		32,429,958,439
Nonconvertible Preferred Stocks - 0.9%

Germany - 0.8%
Bayerische Motoren Werke AG (BMW) (non-vtg.)	800,000		29,278,454
ProSiebenSat.1 Media AG	5,000,000		87,585,120
Volkswagen AG	1,300,000		137,768,004
TOTAL GERMANY			254,631,578
Nonconvertible Preferred Stocks - continued
	Shares		Value
Italy - 0.1%
Intesa Sanpaolo SpA	18,000,000		$ 46,803,298
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $275,173,087)		301,434,876
Money Market Funds - 2.8%

Fidelity Cash Central Fund, 0.24% (b)	367,118,690		367,118,690
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	558,081,539		558,081,539
TOTAL MONEY MARKET FUNDS (Cost $925,200,229)		925,200,229
Cash Equivalents - 0.0%
	Maturity Amount
Investments in repurchase agreements in a joint trading account at 0.21%, dated 7/30/10 due 8/2/10 (Collateralized by U.S. Government Obligations) # (Cost $8,969,000)	$ 8,969,157		8,969,000

TOTAL INVESTMENT PORTFOLIO - 101.6%

(Cost $30,726,530,472)

33,665,562,544

NET OTHER ASSETS (LIABILITIES) - (1.6)%			(533,925,476)
NET ASSETS - 100%		$ 33,131,637,068

Legend

(a) Non-income producing

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

(e) Affiliated company

(g) 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 $451,860 or 0.0% of net assets.

Additional information on each holding is as follows:

Security	Acquisition Date	Acquisition Cost
OZ Optics Ltd. unit	8/18/00	$ 1,505,520

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

Repurchase Agreement / Counterparty	Value
$8,969,000 due 8/02/10 at 0.21%
BNP Paribas Securities Corp.	$ 3,583,614
Banc of America Securities LLC	1,355,834
Barclays Capital, Inc.	4,029,552
	$ 8,969,000

Other Affiliated Issuers

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Bovis Homes Group PLC	$ 49,028,663	$ -	$ 40,862,474	$ -	$ -
easyJet PLC	168,495,470	-	164,901,608	-	-
Informa PLC	163,485,254	-	74,272,835	3,553,461	-
Niko Resources Ltd.	204,266,519	3,327,048	28,865,657	205,719	-
Painted Pony Petroleum Ltd.	3,676,731	-	-	-	4,347,352
Painted Pony Petroleum Ltd. Class A	3,972,148	15,732,670	-	-	20,064,205
Petrobank Energy & Resources Ltd.	239,355,866	5,726,665	-	-	230,370,817
Pronova BioPharma ASA	48,182,882	1,312,775	5,575,177	-	-
Resolution Ltd.	-	58,626,796	-	-	17,175,343
Schweitzer-Mauduit International, Inc.	-	63,656,393	-	126,867	65,266,871
Tecan Group AG	67,537,277	-	32,705,003	705,729	37,732,226
Trican Well Service Ltd.	81,839,590	-	44,538,918	512,958	-
Total	$ 1,029,840,400	$ 148,382,347	$ 391,721,672	$ 5,104,734	$ 374,956,814

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	$ 1,682,993
Fidelity Securities Lending Cash Central Fund	20,894,106
Total	$ 22,577,099

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
United Kingdom	$ 6,082,976,140	$ 5,296,679,591	$ 786,296,549	$ -
Japan	4,711,900,327	4,067,252,526	644,647,801	-
France	2,843,061,993	2,509,975,795	333,086,198	-
Switzerland	2,780,492,146	2,349,916,981	430,575,165	-
United States of America	2,387,103,986	2,387,103,986	-	-
Germany	2,276,946,455	2,276,946,455	-	-
Canada	1,547,772,295	1,547,320,435	-	451,860
Spain	1,291,597,551	920,190,615	371,406,936	-
Netherlands	1,078,719,738	950,297,078	128,422,660	-
Other	7,730,822,684	6,710,394,966	1,020,427,718	-
Money Market Funds	925,200,229	925,200,229	-	-
Cash Equivalents	8,969,000	-	8,969,000	-
Total Investments in Securities:	$ 33,665,562,544	$ 29,941,278,657	$ 3,723,832,027	$ 451,860

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

Investments in Securities:
Beginning Balance	$ 481,440
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	(29,580)
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfers in to Level 3	-
Transfers out of Level 3	-
Ending Balance	$ 451,860
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ (29,580)

Income Tax Information

At July 31, 2010, the cost of investment securities for income tax purposes was $30,821,164,850. Net unrealized appreciation aggregated $2,844,397,694, of which $5,029,318,338 related to appreciated investment securities and $2,184,920,644 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 and are categorized as Level 1 in the hierarchy. 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 or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in significant transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Quarterly Report

Quarterly Holdings Report

for

Emerging Europe,
Middle East, Africa (EMEA) Fund

July 31, 2010

1.861977.102

EME-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.1%
	Shares		Value
Bailiwick of Jersey - 0.4%
Randgold Resources Ltd.	5,000		$ 448,751
Bermuda - 0.5%
Aquarius Platinum Ltd. (United Kingdom)	63,600		271,720
VimpelCom Ltd. ADR (a)	22,200		362,082
TOTAL BERMUDA			633,802
Canada - 0.5%
Equinox Minerals Ltd. (a)	110,000		498,662
Uranium One, Inc. (a)	50,000		135,707
TOTAL CANADA			634,369
Egypt - 0.6%
Commercial International Bank Ltd.	110,000		750,956
Kenya - 1.2%
British American Tobacco Kenya Ltd.	173,000		537,120
East African Breweries Ltd.	249,318		565,784
Safaricom Ltd.	6,000,000		437,656
TOTAL KENYA			1,540,560
Morocco - 1.1%
Maroc Telecom	80,100		1,432,345
Nigeria - 1.4%
Guaranty Trust Bank PLC GDR (Reg. S)	123,213		808,277
Nigerian Breweries PLC	662,403		309,871
United Bank for Africa PLC	3,986,048		278,745
Zenith Bank PLC	4,472,241		423,247
TOTAL NIGERIA			1,820,140
Poland - 2.3%
Bank Polska Kasa Opieki SA	31,200		1,663,959
Eurocash SA	98,900		736,955
Powszechna Kasa Oszczednosci Bank SA	36,300		463,022
TOTAL POLAND			2,863,936
Qatar - 1.2%
Qatar National Bank SAQ	41,725		1,552,249
Russia - 32.6%
Comstar United TeleSystems OJSC GDR (Reg. S)	390,200		2,516,790
DIXY Group OJSC (a)	43,500		443,348
Interregional Distribution Grid Companies Holding JSC (a)	2,893,400		398,816
Lukoil Oil Co. sponsored ADR	122,695		6,993,615
Magnit OJSC (a)	10,500		1,030,138
Common Stocks - continued
	Shares		Value
Russia - continued
Mobile TeleSystems OJSC (a)	85,000		$ 675,732
Mobile TeleSystems OJSC sponsored ADR	15,000		333,000
Novolipetsk Steel Ojsc	38,100		1,184,529
Novorossiysk Commercial Sea Port JSC	2,781,700		434,138
OAO Gazprom (a)	1,871,900		10,071,468
OAO NOVATEK (a)	69,100		498,912
OAO NOVATEK GDR	32,800		2,460,000
OGK-2 JSC (a)	7,252,700		371,319
OGK-4 OJSC (a)	7,218,600		571,766
OJSC MMC Norilsk Nickel (a)	6,600		1,084,866
OJSC Oil Co. Rosneft (a)	50,500		338,780
OJSC Oil Company Rosneft GDR (Reg. S)	280,400		1,873,072
Polymetal JSC (a)	84,100		1,108,370
Polymetal JSC GDR (Reg. S) (a)	14,350		188,129
Protek (a)	97,200		381,095
RusHydro JSC (a)	14,100,000		733,992
Sberbank (Savings Bank of the Russian Federation)	2,020,300		5,635,486
Sistema JSFC sponsored GDR (a)	24,300		595,350
Surgutneftegaz JSC sponsored ADR	68,800		697,632
TGK-1 OAO (a)	562,635,400		366,107
TOTAL RUSSIA			40,986,450
South Africa - 45.5%
Africa Cellular Towers Ltd. (a)	5,335,800		212,136
African Rainbow Minerals Ltd.	62,700		1,470,304
AngloGold Ashanti Ltd.	63,800		2,588,266
Aspen Pharmacare Holdings Ltd. (a)	197,600		2,207,806
Aveng Ltd.	47,500		234,560
Barnard Jacobs Mellet Holdings Ltd.	400,000		238,542
Bidvest Group Ltd.	61,200		1,111,606
Cashbuild Ltd.	102,327		1,024,070
Clicks Group Ltd.	617,860		3,062,068
DRDGOLD Ltd.	608,514		256,437
Exxaro Resources Ltd.	207,700		3,445,389
FirstRand Ltd.	1,565,000		4,344,660
Foschini Ltd.	80,000		778,690
Harmony Gold Mining Co. Ltd.	251,800		2,534,331
Illovo Sugar Ltd.	149,203		572,528
Impala Platinum Holdings Ltd.	56,400		1,527,005
Lewis Group Ltd.	41,500		356,269
Mr. Price Group Ltd.	126,000		872,152
MTN Group Ltd.	355,650		5,702,160
Common Stocks - continued
	Shares		Value
South Africa - continued
Mvelaphanda Resources Ltd. (a)	115,100		$ 689,877
Naspers Ltd. Class N	39,200		1,671,332
Northam Platinum Ltd.	123,100		742,552
Paracon Holdings Ltd.	2,797,128		613,548
Pick 'n Pay Stores Ltd.	60,000		374,347
Raubex Group Ltd.	274,800		828,812
RMB Holdings Ltd.	181,300		857,498
Sanlam Ltd.	499,800		1,714,352
Sasol Ltd.	94,100		3,729,041
Shoprite Holdings Ltd.	310,400		3,889,415
Standard Bank Group Ltd.	413,763		6,438,192
Tiger Brands Ltd.	56,100		1,392,060
Woolworths Holdings Ltd.	497,911		1,774,085
TOTAL SOUTH AFRICA			57,254,090
Turkey - 9.0%
Bim Birlesik Magazalar AS JSC	33,000		1,012,572
Is Yatirim Menkul Degerler AS	100,000		141,976
Koc Holding AS	374,000		1,476,348
Trakya Cam Sanayii AS	211,120		305,342
Tupras-Turkiye Petrol Rafinerileri AS	49,000		1,113,415
Turkiye Garanti Bankasi AS	789,000		4,082,930
Turkiye Halk Bankasi AS	182,000		1,473,098
Turkiye Is Bankasi AS Series C	458,000		1,716,778
TOTAL TURKEY			11,322,459
United Kingdom - 0.6%
Hikma Pharmaceuticals PLC	62,381		700,523
Zambia - 0.2%
Zambeef Products PLC (a)	361,637		297,950
TOTAL COMMON STOCKS (Cost $109,938,332)		122,238,580

Government Obligations - 0.5%
		Principal Amount
Ghana - 0.5%
Ghana Republic 14.99% 3/11/13 (Cost $672,328)	GHS	950,000	667,064

Money Market Funds - 1.5%
	Shares		Value
Fidelity Cash Central Fund, 0.24% (b) (Cost $1,907,707)	1,907,707		$ 1,907,707
TOTAL INVESTMENT PORTFOLIO - 99.1% (Cost $112,518,367)			124,813,351
NET OTHER ASSETS (LIABILITIES) - 0.9%			1,085,620
NET ASSETS - 100%		$ 125,898,971

Currency Abbreviations
GHS	-	GHANA CEDI

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	$ 2,700

Other Information

The following is a summary of the inputs used, as of July 31, 2010, involving the Fund's assets and liabilities carried at fair 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:
South Africa	$ 57,254,090	$ 48,146,015	$ 9,108,075	$ -
Russia	40,986,450	40,986,450	-	-
Turkey	11,322,459	11,322,459	-	-
Poland	2,863,936	2,863,936	-	-
Nigeria	1,820,140	1,820,140	-	-
Qatar	1,552,249	1,552,249	-	-
Kenya	1,540,560	1,540,560	-	-
Morocco	1,432,345	1,432,345	-	-
Egypt	750,956	750,956	-	-
Other	2,715,395	2,266,644	448,751	-
Government Obligations	667,064	-	667,064	-
Money Market Funds	1,907,707	1,907,707	-	-
Total Investments in Securities:	$ 124,813,351	$ 114,589,461	$ 10,223,890	$ -

Income Tax Information

At July 31, 2010, the cost of investment securities for income tax purposes was $114,036,245. Net unrealized appreciation aggregated $10,777,106, of which $19,316,083 related to appreciated investment securities and $8,538,977 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. 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. Factors used in determining value may include market or security specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The value used for net asset value calculation under these procedures may differ from published prices for the same securities. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels. Level 1 - quoted prices in active markets for identical investments. Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.). Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category 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 and are categorized as Level 1 in the hierarchy. 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 or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in significant transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Debt securities, including restricted securities, are valued based on evaluated prices received from independent pricing services or from dealers who make markets in such securities. For foreign government and government agency obligations, pricing services utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as dealer supplied prices and are generally categorized as Level 2 in the hierarchy.

When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing matrices which consider similar factors that would be used by independent pricing services. These are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Quarterly Report

Quarterly Holdings Report

for

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

July 31, 2010

1.861995.102

AEME-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.1%
	Shares		Value
Bailiwick of Jersey - 0.4%
Randgold Resources Ltd.	5,000		$ 448,751
Bermuda - 0.5%
Aquarius Platinum Ltd. (United Kingdom)	63,600		271,720
VimpelCom Ltd. ADR (a)	22,200		362,082
TOTAL BERMUDA			633,802
Canada - 0.5%
Equinox Minerals Ltd. (a)	110,000		498,662
Uranium One, Inc. (a)	50,000		135,707
TOTAL CANADA			634,369
Egypt - 0.6%
Commercial International Bank Ltd.	110,000		750,956
Kenya - 1.2%
British American Tobacco Kenya Ltd.	173,000		537,120
East African Breweries Ltd.	249,318		565,784
Safaricom Ltd.	6,000,000		437,656
TOTAL KENYA			1,540,560
Morocco - 1.1%
Maroc Telecom	80,100		1,432,345
Nigeria - 1.4%
Guaranty Trust Bank PLC GDR (Reg. S)	123,213		808,277
Nigerian Breweries PLC	662,403		309,871
United Bank for Africa PLC	3,986,048		278,745
Zenith Bank PLC	4,472,241		423,247
TOTAL NIGERIA			1,820,140
Poland - 2.3%
Bank Polska Kasa Opieki SA	31,200		1,663,959
Eurocash SA	98,900		736,955
Powszechna Kasa Oszczednosci Bank SA	36,300		463,022
TOTAL POLAND			2,863,936
Qatar - 1.2%
Qatar National Bank SAQ	41,725		1,552,249
Russia - 32.6%
Comstar United TeleSystems OJSC GDR (Reg. S)	390,200		2,516,790
DIXY Group OJSC (a)	43,500		443,348
Interregional Distribution Grid Companies Holding JSC (a)	2,893,400		398,816
Lukoil Oil Co. sponsored ADR	122,695		6,993,615
Magnit OJSC (a)	10,500		1,030,138
Common Stocks - continued
	Shares		Value
Russia - continued
Mobile TeleSystems OJSC (a)	85,000		$ 675,732
Mobile TeleSystems OJSC sponsored ADR	15,000		333,000
Novolipetsk Steel Ojsc	38,100		1,184,529
Novorossiysk Commercial Sea Port JSC	2,781,700		434,138
OAO Gazprom (a)	1,871,900		10,071,468
OAO NOVATEK (a)	69,100		498,912
OAO NOVATEK GDR	32,800		2,460,000
OGK-2 JSC (a)	7,252,700		371,319
OGK-4 OJSC (a)	7,218,600		571,766
OJSC MMC Norilsk Nickel (a)	6,600		1,084,866
OJSC Oil Co. Rosneft (a)	50,500		338,780
OJSC Oil Company Rosneft GDR (Reg. S)	280,400		1,873,072
Polymetal JSC (a)	84,100		1,108,370
Polymetal JSC GDR (Reg. S) (a)	14,350		188,129
Protek (a)	97,200		381,095
RusHydro JSC (a)	14,100,000		733,992
Sberbank (Savings Bank of the Russian Federation)	2,020,300		5,635,486
Sistema JSFC sponsored GDR (a)	24,300		595,350
Surgutneftegaz JSC sponsored ADR	68,800		697,632
TGK-1 OAO (a)	562,635,400		366,107
TOTAL RUSSIA			40,986,450
South Africa - 45.5%
Africa Cellular Towers Ltd. (a)	5,335,800		212,136
African Rainbow Minerals Ltd.	62,700		1,470,304
AngloGold Ashanti Ltd.	63,800		2,588,266
Aspen Pharmacare Holdings Ltd. (a)	197,600		2,207,806
Aveng Ltd.	47,500		234,560
Barnard Jacobs Mellet Holdings Ltd.	400,000		238,542
Bidvest Group Ltd.	61,200		1,111,606
Cashbuild Ltd.	102,327		1,024,070
Clicks Group Ltd.	617,860		3,062,068
DRDGOLD Ltd.	608,514		256,437
Exxaro Resources Ltd.	207,700		3,445,389
FirstRand Ltd.	1,565,000		4,344,660
Foschini Ltd.	80,000		778,690
Harmony Gold Mining Co. Ltd.	251,800		2,534,331
Illovo Sugar Ltd.	149,203		572,528
Impala Platinum Holdings Ltd.	56,400		1,527,005
Lewis Group Ltd.	41,500		356,269
Mr. Price Group Ltd.	126,000		872,152
MTN Group Ltd.	355,650		5,702,160
Common Stocks - continued
	Shares		Value
South Africa - continued
Mvelaphanda Resources Ltd. (a)	115,100		$ 689,877
Naspers Ltd. Class N	39,200		1,671,332
Northam Platinum Ltd.	123,100		742,552
Paracon Holdings Ltd.	2,797,128		613,548
Pick 'n Pay Stores Ltd.	60,000		374,347
Raubex Group Ltd.	274,800		828,812
RMB Holdings Ltd.	181,300		857,498
Sanlam Ltd.	499,800		1,714,352
Sasol Ltd.	94,100		3,729,041
Shoprite Holdings Ltd.	310,400		3,889,415
Standard Bank Group Ltd.	413,763		6,438,192
Tiger Brands Ltd.	56,100		1,392,060
Woolworths Holdings Ltd.	497,911		1,774,085
TOTAL SOUTH AFRICA			57,254,090
Turkey - 9.0%
Bim Birlesik Magazalar AS JSC	33,000		1,012,572
Is Yatirim Menkul Degerler AS	100,000		141,976
Koc Holding AS	374,000		1,476,348
Trakya Cam Sanayii AS	211,120		305,342
Tupras-Turkiye Petrol Rafinerileri AS	49,000		1,113,415
Turkiye Garanti Bankasi AS	789,000		4,082,930
Turkiye Halk Bankasi AS	182,000		1,473,098
Turkiye Is Bankasi AS Series C	458,000		1,716,778
TOTAL TURKEY			11,322,459
United Kingdom - 0.6%
Hikma Pharmaceuticals PLC	62,381		700,523
Zambia - 0.2%
Zambeef Products PLC (a)	361,637		297,950
TOTAL COMMON STOCKS (Cost $109,938,332)		122,238,580

Government Obligations - 0.5%
		Principal Amount
Ghana - 0.5%
Ghana Republic 14.99% 3/11/13 (Cost $672,328)	GHS	950,000	667,064

Money Market Funds - 1.5%
	Shares		Value
Fidelity Cash Central Fund, 0.24% (b) (Cost $1,907,707)	1,907,707		$ 1,907,707
TOTAL INVESTMENT PORTFOLIO - 99.1% (Cost $112,518,367)			124,813,351
NET OTHER ASSETS (LIABILITIES) - 0.9%			1,085,620
NET ASSETS - 100%		$ 125,898,971

Currency Abbreviations
GHS	-	GHANA CEDI

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	$ 2,700

Other Information

The following is a summary of the inputs used, as of July 31, 2010, involving the Fund's assets and liabilities carried at fair 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:
South Africa	$ 57,254,090	$ 48,146,015	$ 9,108,075	$ -
Russia	40,986,450	40,986,450	-	-
Turkey	11,322,459	11,322,459	-	-
Poland	2,863,936	2,863,936	-	-
Nigeria	1,820,140	1,820,140	-	-
Qatar	1,552,249	1,552,249	-	-
Kenya	1,540,560	1,540,560	-	-
Morocco	1,432,345	1,432,345	-	-
Egypt	750,956	750,956	-	-
Other	2,715,395	2,266,644	448,751	-
Government Obligations	667,064	-	667,064	-
Money Market Funds	1,907,707	1,907,707	-	-
Total Investments in Securities:	$ 124,813,351	$ 114,589,461	$ 10,223,890	$ -

Income Tax Information

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. 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. Factors used in determining value may include market or security specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The value used for net asset value calculation under these procedures may differ from published prices for the same securities. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels. Level 1 - quoted prices in active markets for identical investments. Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.). Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category 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 and are categorized as Level 1 in the hierarchy. 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 or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in significant transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Quarterly Report

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Emerging Markets Fund -
Emerging Markets
Class K

July 31, 2010

1.804872.106

EMF-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.8%
	Shares		Value
Argentina - 0.3%
Banco Macro SA sponsored ADR	363,700		$ 13,809,689
Austria - 0.3%
Erste Bank AG	350,500		14,067,900
Bailiwick of Jersey - 0.7%
Heritage Oil PLC (a)	1,647,993		10,605,074
Randgold Resources Ltd. sponsored ADR	199,700		17,949,036
TOTAL BAILIWICK OF JERSEY			28,554,110
Bermuda - 2.0%
Aquarius Platinum Ltd.:
(Australia)	3,233,117		13,866,803
(United Kingdom)	1,426,322		6,093,706
CNPC (Hong Kong) Ltd.	17,258,000		22,484,835
Orient Overseas International Ltd. (a)	2,484,000		19,411,497
VimpelCom Ltd. ADR (a)	1,477,200		24,093,132
TOTAL BERMUDA			85,949,973
Brazil - 14.0%
Banco Bradesco SA (PN) sponsored ADR (d)	3,875,150		72,194,045
Banco Do Brasil SA	1,994,000		34,471,197
Centrais Eletricas Brasileiras SA (Electrobras):
(PN-B) sponsored ADR (d)	979,500		15,329,175
sponsored ADR	879,400		11,502,552
Companhia Energetica de Minas Gerais (CEMIG) (PN) sponsored ADR (non-vtg.) (d)	9,515		144,628
Companhia Siderurgica Nacional SA (CSN) sponsored ADR (d)	2,361,396		39,647,839
Fleury SA (a)	391,400		4,524,971
Gafisa SA sponsored ADR	1,275,770		19,315,158
Gerdau SA sponsored ADR (d)	2,092,300		30,631,272
Localiza Rent A Car SA	802,100		11,061,089
Lojas Renner SA	500,100		16,784,704
Natura Cosmeticos SA	305,800		7,999,318
Odontoprev SA	880,400		8,285,823
OGX Petroleo e Gas Participacoes SA (a)	3,312,700		34,888,373
PDG Realty SA Empreendimentos e Participacoes	1,727,400		18,280,872
Petroleo Brasileiro SA - Petrobras:
(ON) sponsored ADR (d)	435,500		15,852,200
(PN) (non-vtg.)	2,464,500		39,073,222
(PN) sponsored ADR (non-vtg.) (d)	1,803,021		57,426,219
Tele Norte Leste Participacoes SA sponsored ADR (non-vtg.)	1,743,793		25,511,692
TIM Participacoes SA sponsored ADR (non-vtg.)	543,200		15,497,496
Vale SA (PN-A) sponsored ADR (a)	4,712,900		114,193,567
TOTAL BRAZIL			592,615,412
Canada - 1.9%
Eldorado Gold Corp.	1,185,311		19,256,475

	Shares		Value
First Quantum Minerals Ltd.	259,200		$ 16,243,654
Niko Resources Ltd.	113,600		12,253,483
Pacific Rubiales Energy Corp. (a)	175,400		4,207,757
Sherritt International Corp.	801,200		5,307,818
Sino-Forest Corp. (a)	680,900		10,485,575
Uranium One, Inc. (a)	4,512,700		12,248,099
TOTAL CANADA			80,002,861
Cayman Islands - 1.9%
3SBio, Inc. sponsored ADR (a)	264,527		3,981,131
China Shanshui Cement Group Ltd.	18,364,000		9,882,397
Daphne International Holdings Ltd.	13,592,000		12,581,459
Eurasia Drilling Co. Ltd.:
GDR (e)	118,300		2,425,150
GDR (Reg. S)	882,200		18,085,100
Hidili Industry International Development Ltd.	14,040,000		12,688,870
Kingboard Chemical Holdings Ltd.	3,574,000		16,541,397
Kingboard Chemical Holdings Ltd. warrants 10/31/12 (a)	285,000		113,376
Shenguan Holdings Group Ltd.	4,400,000		4,010,557
TOTAL CAYMAN ISLANDS			80,309,437
Chile - 0.4%
Enersis SA sponsored ADR	741,700		15,382,858
China - 7.4%
Agricultural Bank of China (H Shares)	8,658,000		3,901,255
Baidu.com, Inc. sponsored ADR (a)	233,537		19,012,247
China Merchants Bank Co. Ltd. (H Shares)	16,357,805		43,698,031
China Shenhua Energy Co. Ltd. (H Shares)	8,636,000		33,243,180
China Yurun Food Group Ltd.	5,091,000		16,713,293
Digital China Holdings Ltd. (H Shares)	4,110,000		6,667,010
Golden Eagle Retail Group Ltd. (H Shares)	7,439,000		17,679,297
Harbin Power Equipment Co. Ltd. (H Shares)	8,292,000		7,259,170
Industrial & Commercial Bank of China Ltd. (H Shares)	103,685,000		79,157,007
Minth Group Ltd.	7,392,000		11,096,327
Ping An Insurance Group Co. China Ltd. (H Shares)	4,609,000		38,183,347
Tencent Holdings Ltd.	938,000		18,077,708
Yantai Changyu Pioneer Wine Co. (B Shares)	1,687,050		17,736,016
TOTAL CHINA			312,423,888
Colombia - 0.2%
Ecopetrol SA ADR (d)	192,900		6,581,748
Czech Republic - 1.2%
Ceske Energeticke Zavody AS	558,800		25,556,472
Komercni Banka AS	128,600		24,976,452
TOTAL CZECH REPUBLIC			50,532,924
Common Stocks - continued
	Shares		Value
Egypt - 0.8%
Commercial International Bank Ltd. sponsored GDR	5,004,974		$ 35,034,818
Georgia - 0.1%
Bank of Georgia unit (a)	361,532		4,302,231
Hong Kong - 5.0%
China Agri-Industries Holding Ltd.	11,631,000		13,162,084
China Mobile (Hong Kong) Ltd.	9,450,900		96,040,749
CNOOC Ltd.	30,008,000		50,574,921
CNOOC Ltd. sponsored ADR (d)	108,200		18,223,044
Shanghai Industrial Holdings Ltd.	5,417,000		24,687,712
Texwinca Holdings Ltd.	7,198,000		7,367,119
TOTAL HONG KONG			210,055,629
Hungary - 0.7%
OTP Bank Ltd. (a)	1,190,300		28,594,074
India - 7.0%
Bank of Baroda	1,303,411		21,990,074
Bharat Heavy Electricals Ltd.	479,788		25,216,669
Housing Development Finance Corp. Ltd.	625,037		40,260,600
Idea Cellular Ltd. (a)	7,302,016		11,113,988
Infosys Technologies Ltd. sponsored ADR	834,700		50,482,656
Infrastructure Development Finance Co. Ltd.	3,073,303		12,320,377
ITC Ltd.	1,500		9,984
Jain Irrigation Systems Ltd.	778,279		20,730,058
JSW Steel Ltd.	987,221		23,779,714
Reliance Industries Ltd.	921,918		20,067,145
Rural Electrification Corp. Ltd.	2,861,866		19,453,356
Tata Consultancy Services Ltd.	1,936,377		35,058,089
Tata Power Co. Ltd.	388,070		11,051,441
Ultratech Cement Ltd.	365,886		6,814,464
TOTAL INDIA			298,348,615
Indonesia - 5.6%
PT Astra International Tbk	6,966,500		39,508,066
PT Bank Negara Indonesia (Persero) Tbk	52,787,000		17,861,401
PT Bank Rakyat Indonesia Tbk	25,803,000		28,573,837
PT Delta Dunia Petroindo Tbk (a)	46,832,000		5,238,487
PT Gudang Garam Tbk	4,556,500		17,838,675
PT Indo Tambangraya Megah Tbk	2,801,000		11,749,180
PT Indocement Tunggal Prakarsa Tbk	14,098,000		26,650,624
PT Indofood Sukses Makmur Tbk	48,296,500		24,985,645
PT Indosat Tbk	14,485,000		7,858,206
PT Indosat Tbk sponsored ADR	263,787		7,116,973
PT Kalbe Farma Tbk	28,924,000		7,926,612
PT Perusahaan Gas Negara Tbk Series B	47,093,100		21,334,156
PT Tambang Batubbara Bukit Asam Tbk	2,894,500		5,406,960
PT XL Axiata Tbk (a)	27,529,000		14,626,729
TOTAL INDONESIA			236,675,551
Israel - 0.4%
Partner Communications Co. Ltd. ADR	978,391		16,192,371

	Shares		Value
Kazakhstan - 0.4%
JSC Halyk Bank of Kazakhstan unit (a)	584,823		$ 4,766,307
KazMunaiGas Exploration & Production JSC (Reg. S) GDR	573,211		11,212,007
TOTAL KAZAKHSTAN			15,978,314
Korea (South) - 12.9%
Amorepacific Corp.	22,137		18,080,183
Busan Bank	622,660		6,712,249
CJ CheilJedang Corp.	102,737		20,543,052
CJ Corp.	319,474		19,988,222
Daegu Bank Co. Ltd.	211,200		2,723,145
Daelim Industrial Co.	243,633		13,801,232
Hanjin Heavy Industries & Consolidated Co. Ltd.	228,170		5,459,488
Honam Petrochemical Corp.	89,960		13,120,352
Hynix Semiconductor, Inc. (a)	1,072,830		20,408,936
Hyundai Mobis	177,127		30,625,629
Hyundai Motor Co.	447,022		56,314,742
Industrial Bank of Korea	2,153,820		28,499,070
Kia Motors Corp.	965,910		25,234,928
Korea Exchange Bank	1,441,270		14,805,687
KT Corp.	478,990		17,283,232
LG Display Co. Ltd.	593,120		18,135,412
LG Display Co. Ltd. sponsored ADR (d)	578,575		8,892,698
LG Innotek Co. Ltd.	151,736		20,526,530
Lumens Co. Ltd. (a)	1,148,462		11,263,712
NCsoft Corp.	98,911		15,722,057
Samsung Electronics Co. Ltd.	174,645		119,604,663
Shinhan Financial Group Co. Ltd.	1,188,140		48,783,647
Tong Yang Securities, Inc.	966,660		8,826,823
TOTAL KOREA (SOUTH)			545,355,689
Lebanon - 0.0%
BLOM Bank SAL GDR	24,740		2,298,346
Luxembourg - 1.4%
Evraz Group SA GDR (a)(d)	774,549		20,641,731
Millicom International Cellular SA	194,400		18,121,968
Ternium SA sponsored ADR (d)	556,300		19,887,725
TOTAL LUXEMBOURG			58,651,424
Malaysia - 0.6%
Axiata Group Bhd (a)	9,704,900		12,985,591
RHB Capital BHD	2,223,000		4,531,534
Top Glove Corp. Bhd	4,374,400		9,123,209
TOTAL MALAYSIA			26,640,334
Mexico - 2.8%
America Movil SAB de CV Series L sponsored ADR	1,515,233		75,170,709
Banco Compartamos SA de CV	2,191,000		13,208,242
Genomma Lab Internacional SA de CV (a)	1,685,600		5,740,553
Common Stocks - continued
	Shares		Value
Mexico - continued
Grupo Aeroportuario del Pacifico SA de CV sponsored ADR	135,574		$ 4,404,799
Grupo Financiero Banorte SAB de CV Series O	5,083,500		19,898,836
TOTAL MEXICO			118,423,139
Nigeria - 0.3%
Guaranty Trust Bank PLC GDR (Reg. S)	2,221,301		14,571,735
Norway - 0.1%
Det Norske Oljeselskap ASA (DNO) (A Shares) (a)(d)	4,450,000		6,117,972
Panama - 0.4%
Copa Holdings SA Class A	357,280		18,453,512
Peru - 0.5%
Compania de Minas Buenaventura SA sponsored ADR	548,200		21,166,002
Poland - 0.6%
Bank Polska Kasa Opieki SA	484,700		25,850,036
Russia - 9.0%
Cherkizovo Group OJSC GDR (a)	485,391		7,490,701
Gazprom Neft (a)	1,031,377		4,182,740
LSR Group OJSC GDR (Reg. S) (a)	529,900		4,822,090
Magnit OJSC GDR (Reg. S)	1,334,300		28,220,445
Mechel Steel Group OAO sponsored:
ADR (d)	1,035,200		22,546,656
ADR (a)	285,900		2,129,955
Novorossiysk Commercial Sea Port JSC	13,641,400		2,129,005
Novorossiysk Commercial Sea Port JSC GDR (Reg. S)	81,000		959,850
OAO Gazprom sponsored ADR	1,164,282		25,148,491
OAO NOVATEK GDR	504,658		37,849,350
OAO Tatneft sponsored ADR	926,700		28,644,297
OJSC MMC Norilsk Nickel sponsored ADR (a)	2,486,141		40,474,375
OJSC Oil Company Rosneft GDR (Reg. S)	6,594,200		44,049,256
Polymetal JSC GDR (Reg. S) (a)	1,600,664		20,984,705
Protek (a)	1,311,500		5,142,033
RusHydro JSC:
rights 6/30/10 (a)	3,096,263		161,368
sponsored ADR (a)	4,065,833		21,223,648
Sberbank (Savings Bank of the Russian Federation)	13,411,800		37,411,280
Sberbank (Savings Bank of the Russian Federation) GDR	73,133		21,541,844
Sistema JSFC sponsored GDR (a)	871,021		21,340,015
TGK-1 OAO (a)	4,070,738,125		2,648,829
TOTAL RUSSIA			379,100,933
Singapore - 0.3%
Straits Asia Resources Ltd.	9,109,000		13,865,453

	Shares		Value
South Africa - 7.9%
African Bank Investments Ltd.	5,039,899		$ 23,146,377
African Rainbow Minerals Ltd.	845,500		19,826,820
AngloGold Ashanti Ltd.	576,400		23,383,640
AngloGold Ashanti Ltd. sponsored ADR	110,000		4,457,200
Aspen Pharmacare Holdings Ltd. (a)	1,826,077		20,402,955
Clicks Group Ltd.	3,886,011		19,258,777
FirstRand Ltd.	10,707,300		29,724,967
Foschini Ltd.	1,879,194		18,291,375
Illovo Sugar Ltd.	3,133,400		12,023,617
Imperial Holdings Ltd.	1,403,679		18,560,361
Mr. Price Group Ltd.	2,985,145		20,662,705
MTN Group Ltd.	952,300		15,268,290
Mvelaphanda Resources Ltd. (a)	3,125,278		18,732,045
Shoprite Holdings Ltd.	1,802,935		22,591,374
Standard Bank Group Ltd.	2,890,081		44,969,935
Woolworths Holdings Ltd.	6,169,184		21,981,149
TOTAL SOUTH AFRICA			333,281,587
Taiwan - 6.0%
Advanced Semiconductor Engineering, Inc.	5,698,605		4,411,121
Advanced Semiconductor Engineering, Inc. sponsored ADR (d)	4,129,481		15,650,733
Alpha Networks, Inc.	4,929,000		3,759,831
Asia Cement Corp.	15,817,710		15,675,542
Chroma ATE, Inc.	2,308,256		4,639,964
Formosa Plastics Corp.	12,413,000		25,961,069
Fubon Financial Holding Co. Ltd.	22,357,000		27,467,920
HTC Corp.	2,606,100		47,905,801
Macronix International Co. Ltd.	35,851,113		23,928,762
Taishin Financial Holdings Co. Ltd. (a)	54,158,000		24,211,314
Taiwan Semiconductor Manufacturing Co. Ltd.	13,077,447		25,289,929
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	1,119,614		11,308,101
Wistron Corp.	13,615,635		22,006,357
TOTAL TAIWAN			252,216,444
Thailand - 1.2%
Advanced Info Service PCL (For. Reg.)	5,978,900		17,285,935
Banpu PCL unit	523,000		10,091,280
Siam Commercial Bank PCL (For. Reg.)	8,329,300		22,922,316
Total Access Communication PCL (For. Reg.)	105,200		153,701
TOTAL THAILAND			50,453,232
Turkey - 2.8%
Albaraka Turk Katilim Bankasi AS	4,110,862		7,090,985
Enka Insaat ve Sanayi AS	1,665,888		6,133,934
Tofas Turk Otomobil Fabrikasi AS	4,503,476		17,179,717
Turk Hava Yollari AO	7,314,571		21,158,051
Common Stocks - continued
	Shares		Value
Turkey - continued
Turkiye Garanti Bankasi AS	8,975,895		$ 46,448,604
Turkiye Halk Bankasi AS	2,469,000		19,983,945
TOTAL TURKEY			117,995,236
United Arab Emirates - 0.3%
DP World Ltd.	23,738,830		11,513,333
United Kingdom - 0.8%
Hikma Pharmaceuticals PLC	1,790,041		20,101,702
Xstrata PLC	859,870		13,695,237
TOTAL UNITED KINGDOM			33,796,939
United States of America - 0.6%
CTC Media, Inc. (d)	483,000		8,708,490
Freeport-McMoRan Copper & Gold, Inc.	232,200		16,611,588
TOTAL UNITED STATES OF AMERICA			25,320,078
TOTAL COMMON STOCKS (Cost $3,422,054,659)		4,180,483,827
Money Market Funds - 4.3%

Fidelity Cash Central Fund, 0.24% (b)	36,107,382		36,107,382
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	147,297,290		147,297,290
TOTAL MONEY MARKET FUNDS (Cost $183,404,672)		183,404,672
Cash Equivalents - 0.1%
	Maturity Amount		Value
Investments in repurchase agreements in a joint trading account at 0.21%, dated 7/30/10 due 8/2/10 (Collateralized by U.S. Government Obligations) # (Cost $2,107,000)	$ 2,107,037		$ 2,107,000

TOTAL INVESTMENT PORTFOLIO - 103.2%

(Cost $3,607,566,331)

4,365,995,499

NET OTHER ASSETS (LIABILITIES) - (3.2)%			(134,948,650)
NET ASSETS - 100%		$ 4,231,046,849

Legend

(a) Non-income producing

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

(e) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $2,425,150 or 0.1% of net assets.

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

Repurchase Agreement / Counterparty	Value
$2,107,000 due 8/02/10 at 0.21%
BNP Paribas Securities Corp.	$ 841,864
Banc of America Securities LLC	318,513
Barclays Capital, Inc.	946,623
	$ 2,107,000

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	$ 113,548
Fidelity Securities Lending Cash Central Fund	581,068
Total	$ 694,616

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Brazil	$ 592,615,412	$ 592,615,412	$ -	$ -
Korea (South)	545,355,689	461,153,398	84,202,291	-
Russia	379,100,933	378,939,565	161,368	-
South Africa	333,281,587	309,897,947	23,383,640	-
China	312,423,888	274,240,541	-	38,183,347
India	298,348,615	216,644,585	81,704,030	-
Taiwan	252,216,444	222,515,394	29,701,050	-
Indonesia	236,675,551	236,675,551	-	-
Hong Kong	210,055,629	63,439,959	146,615,670	-
Other	1,020,410,079	1,020,410,079	-	-
Money Market Funds	183,404,672	183,404,672	-	-
Cash Equivalents	2,107,000	-	2,107,000	-
Total Investments in Securities:	$ 4,365,995,499	$ 3,959,937,103	$ 367,875,049	$ 38,183,347

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

Investments in Securities:
Beginning Balance	$ 59,240
Total Realized Gain (Loss)	(577,723)
Total Unrealized Gain (Loss)	(1,783,763)
Cost of Purchases	14,997,690
Proceeds of Sales	(10,777,970)
Amortization/Accretion	-
Transfers in to Level 3	36,265,873
Transfers out of Level 3	-
Ending Balance	$ 38,183,347
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ (5,476,210)

Income Tax Information

At July 31, 2010, the cost of investment securities for income tax purposes was $3,665,079,978. Net unrealized appreciation aggregated $700,915,521, of which $852,449,754 related to appreciated investment securities and $151,534,233 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 and are categorized as Level 1 in the hierarchy. 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 or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in significant transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Europe Capital Appreciation Fund

July 31, 2010

1.804821.106

ECA-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.3%
	Shares		Value
Austria - 0.7%
Erste Bank AG	49,400		$ 1,982,751
Zumtobel AG	55,600		1,053,297
TOTAL AUSTRIA			3,036,048
Bailiwick of Jersey - 1.9%
Experian PLC	299,700		2,949,560
Randgold Resources Ltd. sponsored ADR	17,300		1,554,924
Shire PLC	149,082		3,408,343
TOTAL BAILIWICK OF JERSEY			7,912,827
Belgium - 2.5%
Ageas	1,014,700		2,794,462
Anheuser-Busch InBev SA NV	91,964		4,870,563
Anheuser-Busch InBev SA NV (strip VVPR) (a)	103,680		405
Umicore SA	93,961		3,169,370
TOTAL BELGIUM			10,834,800
Bermuda - 0.3%
Huabao International Holdings Ltd.	984,000		1,269,350
British Virgin Islands - 0.1%
Playtech Ltd.	65,112		451,888
Canada - 0.6%
Niko Resources Ltd.	10,200		1,100,225
Petrobank Energy & Resources Ltd. (a)	30,900		1,273,034
TOTAL CANADA			2,373,259
Cayman Islands - 0.6%
Hengdeli Holdings Ltd.	5,428,000		2,487,761
China - 1.3%
Baidu.com, Inc. sponsored ADR (a)	28,900		2,352,749
China Merchants Bank Co. Ltd. (H Shares)	571,500		1,526,698
Home Inns & Hotels Management, Inc. sponsored ADR (a)	41,100		1,729,077
TOTAL CHINA			5,608,524
Denmark - 3.5%
Carlsberg AS Series B	29,200		2,589,540
Danisco AS	20,600		1,567,070
FLSmidth & Co. A/S (d)	34,400		2,450,782
Novo Nordisk AS Series B	70,056		5,995,282
Novozymes AS Series B	20,000		2,555,536
TOTAL DENMARK			15,158,210
Finland - 1.9%
Fortum Corp.	75,900		1,765,798
Nokia Corp.	113,906		1,072,793
Outotec OYJ	47,400		1,678,530
UPM-Kymmene Corp.	250,700		3,639,993
TOTAL FINLAND			8,157,114

	Shares		Value
France - 13.0%
Atos Origin SA (a)	46,349		$ 1,990,476
BNP Paribas SA	100,458		6,901,422
Cap Gemini SA	32,900		1,565,985
Danone	64,300		3,606,985
Essilor International SA	27,454		1,717,544
Iliad Group SA (d)	24,506		2,157,540
LVMH Moet Hennessy - Louis Vuitton	39,572		4,828,561
Natixis SA (a)	533,400		2,851,739
Pernod-Ricard SA	31,500		2,465,795
PPR SA	23,400		3,130,660
Publicis Groupe SA (d)	46,600		2,100,558
Remy Cointreau SA (d)	27,800		1,519,617
Safran SA	99,300		2,680,343
Sanofi-Aventis	94,745		5,508,606
Schneider Electric SA	34,723		4,005,176
Societe Generale Series A	53,768		3,099,923
Technip SA	30,600		2,037,996
Vallourec SA (d)	35,434		3,450,325
TOTAL FRANCE			55,619,251
Germany - 10.4%
Bayerische Motoren Werke AG (BMW)	70,493		3,795,441
Daimler AG (Germany) (a)	87,113		4,697,665
Deutsche Bank AG	73,300		5,120,706
Deutsche Lufthansa AG (a)	161,800		2,630,753
HeidelbergCement AG	58,399		2,941,439
Infineon Technologies AG (a)	542,100		3,659,202
Linde AG	23,367		2,739,461
MAN SE	44,969		4,174,815
Rheinmetall AG	39,700		2,376,556
SAP AG	84,574		3,862,442
Siemens AG	86,562		8,437,851
TOTAL GERMANY			44,436,331
Greece - 0.2%
Alpha Bank AE (a)	122,600		931,580
Ireland - 1.0%
CRH PLC	97,489		2,032,768
Smurfit Kappa Group PLC (a)	219,300		2,261,730
TOTAL IRELAND			4,294,498
Italy - 2.0%
Intesa Sanpaolo SpA	860,778		2,849,613
Mediaset SpA	445,200		2,862,090
Saipem SpA	76,758		2,761,174
TOTAL ITALY			8,472,877
Luxembourg - 0.4%
ArcelorMittal SA (Netherlands)	51,537		1,578,034
Netherlands - 4.7%
Aegon NV (a)	404,300		2,428,821
ASML Holding NV (Netherlands)	109,500		3,515,003
Common Stocks - continued
	Shares		Value
Netherlands - continued
ING Groep NV (Certificaten Van Aandelen) unit (a)	291,100		$ 2,792,045
Koninklijke Ahold NV	247,146		3,172,860
Koninklijke Philips Electronics NV	141,251		4,391,738
Randstad Holdings NV (a)	80,231		3,604,496
TOTAL NETHERLANDS			19,904,963
Norway - 2.3%
Aker Solutions ASA	82,800		1,073,598
DnB NOR ASA	231,400		2,874,641
Pronova BioPharma ASA (a)	59,424		145,784
Sevan Marine ASA (a)(d)	493,000		501,239
Storebrand ASA (A Shares) (a)	567,000		3,363,631
Telenor ASA	124,800		1,926,402
TOTAL NORWAY			9,885,295
South Africa - 1.0%
Clicks Group Ltd.	544,797		2,699,973
Woolworths Holdings Ltd.	452,104		1,610,872
TOTAL SOUTH AFRICA			4,310,845
Spain - 5.8%
Banco Bilbao Vizcaya Argentaria SA	152,946		2,051,305
Banco Santander SA	817,130		10,617,049
Gestevision Telecinco SA	501,200		5,744,584
Inditex SA	49,552		3,277,618
Telefonica SA sponsored ADR (d)	43,100		2,949,764
TOTAL SPAIN			24,640,320
Sweden - 4.5%
H&M Hennes & Mauritz AB (B Shares)	107,376		3,382,835
Modern Times Group MTG AB (B Shares)	36,700		2,301,250
Sandvik AB	217,500		2,809,902
Skandinaviska Enskilda Banken AB (A Shares)	592,200		4,076,810
Swedbank AB (A Shares) (a)	296,058		3,385,922
Telefonaktiebolaget LM Ericsson (B Shares)	285,536		3,151,372
TOTAL SWEDEN			19,108,091
Switzerland - 9.3%
Clariant AG (Reg.) (a)	211,230		2,798,688
Compagnie Financiere Richemont SA Series A	35,521		1,386,327
Givaudan SA	2,300		2,119,917
Julius Baer Group Ltd.	43,130		1,509,374
Nestle SA	288,848		14,282,245
Roche Holding AG (participation certificate)	45,561		5,927,239
Schindler Holding AG (participation certificate)	27,368		2,454,199
Sonova Holding AG Class B	17,651		2,142,083

	Shares		Value
The Swatch Group AG (Bearer)	5,940		$ 1,839,800
UBS AG (a)(d)	299,078		5,077,635
TOTAL SWITZERLAND			39,537,507
United Kingdom - 26.9%
Aegis Group PLC	540,152		992,888
Anglo American PLC (United Kingdom)	178,000		7,047,778
Aviva PLC	631,600		3,540,410
Barclays PLC	1,299,702		6,728,325
BG Group PLC	351,893		5,637,750
BHP Billiton PLC	174,605		5,346,385
BP PLC	879,100		5,619,238
BP PLC sponsored ADR	135,000		5,193,450
British Airways PLC (a)(d)	482,900		1,663,207
Britvic PLC	215,700		1,623,859
Burberry Group PLC	188,500		2,487,840
Capita Group PLC	169,900		1,915,928
Carphone Warehouse Group PLC (a)	576,500		2,079,620
Centrica PLC	627,188		2,989,409
GKN PLC (a)	504,000		1,067,930
HSBC Holdings PLC sponsored ADR (d)	303,585		15,507,118
InterContinental Hotel Group PLC	123,955		2,147,438
Invensys PLC	599,000		2,508,389
ITV PLC (a)	2,285,100		1,852,903
Lloyds TSB Group PLC (a)	3,200,400		3,452,597
Misys PLC (a)	290,900		1,150,200
Morgan Crucible Co. PLC	456,200		1,538,334
Rexam PLC	400,100		1,939,027
Rio Tinto PLC	65,245		3,375,189
Royal Dutch Shell PLC Class A (United Kingdom)	445,766		12,266,401
Sage Group PLC	395,300		1,481,153
Schroders PLC	93,500		1,888,793
Standard Chartered PLC (United Kingdom)	117,938		3,407,220
TalkTalk Telecom Group PLC (a)	869,200		1,669,985
Vodafone Group PLC	2,828,500		6,592,044
TOTAL UNITED KINGDOM			114,710,808
United States of America - 3.4%
Allergan, Inc.	35,400		2,161,524
Apple, Inc. (a)	7,930		2,039,993
Halliburton Co.	58,500		1,747,980
Morgan Stanley	73,100		1,972,969
Pride International, Inc. (a)	67,300		1,601,067
SanDisk Corp. (a)	29,400		1,284,780
Virgin Media, Inc.	170,100		3,662,253
TOTAL UNITED STATES OF AMERICA			14,470,566
TOTAL COMMON STOCKS (Cost $403,771,363)		419,190,747
Nonconvertible Preferred Stocks - 1.1%
	Shares		Value
Germany - 1.1%
ProSiebenSat.1 Media AG (Cost $3,043,170)	258,200		$ 4,522,896
Money Market Funds - 5.8%

Fidelity Cash Central Fund, 0.24% (b)	731,524		731,524
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	23,993,997		23,993,997
TOTAL MONEY MARKET FUNDS (Cost $24,725,521)		24,725,521

TOTAL INVESTMENT PORTFOLIO - 105.2%

(Cost $431,540,054)

448,439,164

NET OTHER ASSETS (LIABILITIES) - (5.2)%			(22,100,109)
NET ASSETS - 100%		$ 426,339,055

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	$ 4,996
Fidelity Securities Lending Cash Central Fund	303,129
Total	$ 308,125

Other Information

The following is a summary of the inputs used, as of July 31, 2010, involving the Fund's assets and liabilities carried at fair 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:
United Kingdom	$ 114,710,808	$ 81,449,592	$ 33,261,216	$ -
France	55,619,251	50,110,645	5,508,606	-
Germany	48,959,227	48,959,227	-	-
Switzerland	39,537,507	34,459,872	5,077,635	-
Spain	24,640,320	22,589,015	2,051,305	-
Netherlands	19,904,963	6,777,356	13,127,607	-
Sweden	19,108,091	15,956,719	3,151,372	-
Denmark	15,158,210	9,162,928	5,995,282	-
United States of America	14,470,566	14,470,566	-	-
Other	71,604,700	63,512,762	8,091,938	-
Money Market Funds	24,725,521	24,725,521	-	-
Total Investments in Securities:	$ 448,439,164	$ 372,174,203	$ 76,264,961	$ -

Income Tax Information

At July 31, 2010, the cost of investment securities for income tax purposes was $440,363,288. Net unrealized appreciation aggregated $8,075,876, of which $41,988,724 related to appreciated investment securities and $33,912,848 related to depreciated investment securities.

Investment Valuation

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Europe Fund -
Europe Fund
Class F

July 31, 2010

1.804873.106

EUR-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.2%
	Shares		Value
Austria - 0.7%
Erste Bank AG	162,400		$ 6,518,194
Zumtobel AG	196,474		3,722,041
TOTAL AUSTRIA			10,240,235
Bailiwick of Jersey - 1.8%
Experian PLC	969,500		9,541,538
Randgold Resources Ltd. sponsored ADR	56,500		5,078,220
Shire PLC	479,298		10,957,807
TOTAL BAILIWICK OF JERSEY			25,577,565
Belgium - 2.5%
Ageas	3,286,600		9,051,226
Anheuser-Busch InBev SA NV	315,304		16,699,013
Umicore SA	310,536		10,474,596
TOTAL BELGIUM			36,224,835
Bermuda - 0.3%
Huabao International Holdings Ltd.	3,208,000		4,138,289
British Virgin Islands - 0.1%
Playtech Ltd.	215,640		1,496,578
Canada - 0.5%
Niko Resources Ltd.	33,200		3,581,124
Petrobank Energy & Resources Ltd. (a)	99,000		4,078,652
TOTAL CANADA			7,659,776
Cayman Islands - 0.5%
Hengdeli Holdings Ltd.	16,744,000		7,674,109
China - 1.4%
Baidu.com, Inc. sponsored ADR (a)	93,600		7,619,976
China Merchants Bank Co. Ltd. (H Shares)	1,862,000		4,974,123
Home Inns & Hotels Management, Inc. sponsored ADR (a)(d)	176,300		7,416,941
TOTAL CHINA			20,011,040
Denmark - 3.4%
Carlsberg AS Series B	95,400		8,460,346
Danisco AS	67,200		5,111,996
FLSmidth & Co. A/S (d)	113,900		8,114,653
Novo Nordisk AS Series B	227,641		19,481,157
Novozymes AS Series B	64,500		8,241,604
TOTAL DENMARK			49,409,756
Finland - 1.8%
Fortum Corp.	225,600		5,248,538
Nokia Corp.	383,170		3,608,782
Outotec OYJ (d)	138,300		4,897,482
UPM-Kymmene Corp.	849,600		12,335,613
TOTAL FINLAND			26,090,415
France - 12.9%
Atos Origin SA (a)	161,681		6,943,452
BNP Paribas SA	344,761		23,684,935

	Shares		Value
Cap Gemini SA	114,000		$ 5,426,211
Danone	209,100		11,729,712
Essilor International SA	89,871		5,622,402
Iliad Group SA	74,511		6,560,045
LVMH Moet Hennessy - Louis Vuitton	128,258		15,649,993
Natixis SA (a)	1,718,900		9,189,827
Pernod-Ricard SA	102,100		7,992,306
PPR SA	73,300		9,806,725
Publicis Groupe SA (d)	150,500		6,783,992
Remy Cointreau SA (d)	89,910		4,914,705
Safran SA	326,000		8,799,515
Sanofi-Aventis	318,834		18,537,451
Schneider Electric SA	132,993		15,340,274
Societe Generale Series A	181,552		10,467,142
Technip SA	97,100		6,466,975
Vallourec SA	115,360		11,232,981
TOTAL FRANCE			185,148,643
Germany - 10.1%
Bayerische Motoren Werke AG (BMW)	229,206		12,340,769
Daimler AG (Germany) (a)	283,160		15,269,716
Deutsche Bank AG	248,100		17,332,157
Deutsche Lufthansa AG (a)	524,600		8,529,624
HeidelbergCement AG	184,995		9,317,821
Infineon Technologies AG (a)	1,749,000		11,805,837
Linde AG	76,388		8,955,449
MAN SE	151,778		14,090,708
Rheinmetall AG	122,300		7,321,228
SAP AG	280,671		12,818,072
Siemens AG	282,805		27,567,137
TOTAL GERMANY			145,348,518
Greece - 0.2%
Alpha Bank AE (a)	412,600		3,135,154
Ireland - 1.0%
CRH PLC	323,004		6,735,038
Smurfit Kappa Group PLC (a)	711,200		7,334,896
TOTAL IRELAND			14,069,934
Italy - 2.0%
Intesa Sanpaolo SpA	2,879,249		9,531,780
Mediaset SpA	1,350,600		8,682,702
Saipem SpA	271,075		9,751,235
TOTAL ITALY			27,965,717
Luxembourg - 0.4%
ArcelorMittal SA (Netherlands)	166,762		5,106,160
Netherlands - 4.5%
Aegon NV (a)	1,305,400		7,842,155
ASML Holding NV (Netherlands)	345,700		11,097,136
ING Groep NV (Certificaten Van Aandelen) unit (a)	948,600		9,098,364
Koninklijke Ahold NV	874,684		11,229,191
Common Stocks - continued
	Shares		Value
Netherlands - continued
Koninklijke Philips Electronics NV	459,108		$ 14,274,461
Randstad Holdings NV (a)	260,338		11,696,068
TOTAL NETHERLANDS			65,237,375
Norway - 2.4%
Aker Solutions ASA	252,800		3,277,846
DnB NOR ASA	791,200		9,828,936
Pronova BioPharma ASA (a)	173,300		425,154
Sevan Marine ASA (a)	1,931,400		1,963,677
Storebrand ASA (A Shares) (a)	2,089,500		12,395,601
Telenor ASA	405,000		6,251,544
TOTAL NORWAY			34,142,758
South Africa - 0.9%
Clicks Group Ltd.	1,665,108		8,252,150
Woolworths Holdings Ltd.	1,466,169		5,224,042
TOTAL SOUTH AFRICA			13,476,192
Spain - 6.2%
Banco Bilbao Vizcaya Argentaria SA	565,177		7,580,130
Banco Santander SA	2,836,785		36,858,620
Gestevision Telecinco SA (d)	1,778,300		20,382,270
Inditex SA	170,698		11,290,821
Telefonica SA	551,645		12,494,112
TOTAL SPAIN			88,605,953
Sweden - 4.3%
H&M Hennes & Mauritz AB (B Shares)	334,650		10,543,005
Modern Times Group MTG AB (B Shares)	123,300		7,731,446
Sandvik AB	735,800		9,505,867
Skandinaviska Enskilda Banken AB (A Shares)	1,899,100		13,073,743
Swedbank AB (A Shares) (a)	958,717		10,964,545
Telefonaktiebolaget LM Ericsson (B Shares)	926,280		10,223,064
TOTAL SWEDEN			62,041,670
Switzerland - 9.1%
Clariant AG (Reg.) (a)	747,590		9,905,182
Compagnie Financiere Richemont SA Series A	106,698		4,164,249
Givaudan SA	6,840		6,304,450
Julius Baer Group Ltd.	145,070		5,076,858
Nestle SA	970,814		48,002,420
Roche Holding AG (participation certificate)	146,314		19,034,657
Schindler Holding AG (participation certificate)	82,893		7,433,351
Sonova Holding AG Class B	57,046		6,922,965

	Shares		Value
The Swatch Group AG (Bearer)	20,630		$ 6,389,744
UBS AG (NY Shares) (a)	1,004,900		17,053,153
TOTAL SWITZERLAND			130,287,029
United Kingdom - 26.8%
Aegis Group PLC	1,818,520		3,342,739
Anglo American PLC (United Kingdom)	586,700		23,229,951
Aviva PLC	2,047,600		11,477,743
Barclays PLC	4,344,645		22,491,450
BG Group PLC	1,127,434		18,062,852
BHP Billiton PLC	566,598		17,349,167
BP PLC	3,724,600		23,807,773
BP PLC sponsored ADR	303,400		11,671,798
British Airways PLC (a)(d)	1,569,300		5,404,993
Britvic PLC	731,105		5,503,992
Burberry Group PLC	660,100		8,712,057
Capita Group PLC	571,500		6,444,689
Carphone Warehouse Group PLC (a)	2,917,789		10,525,399
Centrica PLC	2,152,390		10,259,082
GKN PLC (a)	1,694,800		3,591,126
HSBC Holdings PLC:
(Hong Kong)	289,200		2,960,729
(United Kingdom)	4,914,930		49,957,203
InterContinental Hotel Group PLC	382,249		6,622,211
Invensys PLC	1,844,800		7,725,336
ITV PLC (a)	7,462,900		6,051,388
Lloyds TSB Group PLC (a)	10,751,700		11,598,954
Misys PLC (a)	942,400		3,726,190
Morgan Crucible Co. PLC	1,311,700		4,423,131
Rexam PLC	1,439,000		6,973,906
Rio Tinto PLC	212,651		11,000,649
Royal Dutch Shell PLC Class A (Netherlands)	1,588,340		43,801,342
Sage Group PLC	1,329,600		4,981,888
Schroders PLC	272,500		5,504,770
Standard Chartered PLC (United Kingdom)	384,332		11,103,324
TalkTalk Telecom Group PLC (a)	2,622,000		5,037,622
Vodafone Group PLC	9,451,300		22,027,005
TOTAL UNITED KINGDOM			385,370,459
United States of America - 3.4%
Allergan, Inc.	118,900		7,260,034
Apple, Inc. (a)	25,800		6,637,050
Halliburton Co.	189,700		5,668,236
Morgan Stanley	246,000		6,639,540
Pride International, Inc. (a)	218,500		5,198,115
SanDisk Corp. (a)	98,900		4,321,930
Virgin Media, Inc.	632,800		13,624,184
TOTAL UNITED STATES OF AMERICA			49,349,089
TOTAL COMMON STOCKS (Cost $1,247,653,790)		1,397,807,249
Nonconvertible Preferred Stocks - 1.0%
	Shares		Value
Germany - 1.0%
ProSiebenSat.1 Media AG (Cost $7,880,274)	863,390		$ 15,124,023
Money Market Funds - 3.2%

Fidelity Cash Central Fund, 0.24% (b)	19,282,947		19,282,947
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	26,575,590		26,575,590
TOTAL MONEY MARKET FUNDS (Cost $45,858,537)		45,858,537

TOTAL INVESTMENT PORTFOLIO - 101.4%

(Cost $1,301,392,601)

1,458,789,809

NET OTHER ASSETS (LIABILITIES) - (1.4)%			(20,204,806)
NET ASSETS - 100%		$ 1,438,585,003

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	$ 49,787
Fidelity Securities Lending Cash Central Fund	1,372,687
Total	$ 1,422,474

Other Information

The following is a summary of the inputs used, as of July 31, 2010, involving the Fund's assets and liabilities carried at fair 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:
United Kingdom	$ 385,370,459	$ 173,753,976	$ 211,616,483	$ -
France	185,148,643	166,611,192	18,537,451	-
Germany	160,472,541	160,472,541	-	-
Switzerland	130,287,029	130,287,029	-	-
Spain	88,605,953	68,531,711	20,074,242	-
Netherlands	65,237,375	22,925,259	42,312,116	-
Sweden	62,041,670	51,818,606	10,223,064	-
Denmark	49,409,756	29,928,599	19,481,157	-
United States of America	49,349,089	49,349,089	-	-
Other	237,008,757	210,600,970	26,407,787	-
Money Market Funds	45,858,537	45,858,537	-	-
Total Investments in Securities:	$ 1,458,789,809	$ 1,110,137,509	$ 348,652,300	$ -

Income Tax Information

At July 31, 2010, the cost of investment securities for income tax purposes was $1,317,928,612. Net unrealized appreciation aggregated $140,861,197, of which $205,676,406 related to appreciated investment securities and $64,815,209 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 and are categorized as Level 1 in the hierarchy. 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 or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in significant transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Global Commodity Stock

July 31, 2010

1.879385.101

GCS-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.8%
	Shares		Value
CHEMICALS - 19.2%
Diversified Chemicals - 0.4%
Dow Chemical Co.	51,400		$ 1,404,762
Fertilizers & Agricultural Chemicals - 18.6%
Agrium, Inc.	58,700		3,694,625
CF Industries Holdings, Inc.	54,572		4,430,701
China BlueChemical Ltd. (H shares)	770,000		493,672
Fertilizantes Heringer SA (a)	67,300		301,577
Incitec Pivot Ltd.	503,200		1,479,792
Israel Chemicals Ltd.	352,200		4,382,643
K&S AG	61,007		3,239,379
Monsanto Co.	248,600		14,379,024
Potash Corp. of Saskatchewan, Inc.	91,800		9,609,999
Sinofert Holdings Ltd. (a)	2,932,000		1,294,723
Sociedad Quimica y Minera de Chile SA (PN-B) sponsored ADR (d)	8,500		322,915
Syngenta AG (Switzerland)	43,782		9,671,118
Taiwan Fertilizer Co. Ltd.	352,000		974,981
The Mosaic Co.	117,100		5,579,815
United Phosphorous Ltd.	329,732		1,309,403
Uralkali JSC GDR (Reg. S) (a)	20,000		420,400
Yara International ASA	127,800		4,818,671
			66,403,438
Specialty Chemicals - 0.2%
Innophos Holdings, Inc.	21,600		633,096
Johnson Matthey PLC	2,900		76,913
			710,009
TOTAL CHEMICALS			68,518,209
COMMERCIAL SERVICES & SUPPLIES - 0.0%
Environmental & Facility Services - 0.0%
K-Green Trust (a)	22,000		18,604
CONSTRUCTION & ENGINEERING - 0.7%
Construction & Engineering - 0.7%
Fluor Corp.	10,800		521,532
Foster Wheeler AG (a)	15,500		356,810
Granite Construction, Inc.	43,300		1,006,725
Jacobs Engineering Group, Inc. (a)	11,400		416,898
KBR, Inc.	13,183		295,036
			2,597,001
Common Stocks - continued
	Shares		Value
CONSTRUCTION MATERIALS - 0.6%
Construction Materials - 0.6%
Cemex SA de CV sponsored ADR	50,508		$ 476,796
HeidelbergCement AG	31,512		1,587,195
Martin Marietta Materials, Inc.	800		68,320
			2,132,311
ENERGY EQUIPMENT & SERVICES - 2.3%
Oil & Gas Drilling - 0.5%
Ensco International Ltd. ADR	25,800		1,078,698
Noble Corp.	4,200		136,500
Transocean Ltd. (a)	7,000		323,470
Vantage Drilling Co. (a)	229,100		304,703
			1,843,371
Oil & Gas Equipment & Services - 1.8%
Aker Solutions ASA	19,200		248,950
Baker Hughes, Inc.	25,280		1,220,266
Fugro NV (Certificaten Van Aandelen) unit	1,100		58,086
Halliburton Co.	26,200		782,856
ION Geophysical Corp. (a)	194,000		851,660
National Oilwell Varco, Inc.	14,000		548,240
Newpark Resources, Inc. (a)	33,200		265,268
Oceaneering International, Inc. (a)	1,400		69,272
Saipem SpA	29,278		1,053,202
Schlumberger Ltd.	16,000		954,560
Technip SA	800		53,281
Weatherford International Ltd. (a)	4,500		72,900
Wellstream Holdings PLC	31,400		246,978
			6,425,519
TOTAL ENERGY EQUIPMENT & SERVICES			8,268,890
FOOD PRODUCTS - 5.6%
Agricultural Products - 5.0%
Archer Daniels Midland Co.	266,600		7,294,176
Bunge Ltd.	59,200		2,939,280
China Agri-Industries Holding Ltd.	1,089,000		1,232,354
China Green (Holdings) Ltd.	120,000		124,519
Golden Agri-Resources Ltd.	2,470,000		1,044,378
IOI Corp. Bhd	474,606		763,245
Kuala Lumpur Kepong Bhd	13,300		70,516
Origin Agritech Ltd. (a)	40,410		339,848
Common Stocks - continued
	Shares		Value
FOOD PRODUCTS - CONTINUED
Agricultural Products - continued
PPB Group Bhd	47,200		$ 257,070
Viterra, Inc. (a)	138,100		1,081,478
Wilmar International Ltd.	537,000		2,471,961
			17,618,825
Packaged Foods & Meats - 0.6%
China Yurun Food Group Ltd.	111,000		364,403
Cosan Ltd. Class A (a)	63,100		716,816
MHP SA GDR (Reg. S) (a)	51,400		722,170
Tingyi (Cayman Islands) Holding Corp.	162,000		410,866
			2,214,255
TOTAL FOOD PRODUCTS			19,833,080
INDUSTRIAL CONGLOMERATES - 0.2%
Industrial Conglomerates - 0.2%
Keppel Corp. Ltd.	110,000		755,497
MACHINERY - 0.8%
Construction & Farm Machinery & Heavy Trucks - 0.4%
Bucyrus International, Inc. Class A	7,800		485,316
Caterpillar, Inc.	2,200		153,450
Cummins, Inc.	1,000		79,610
Jain Irrigation Systems Ltd.	31,620		842,223
PT United Tractors Tbk	32,500		73,252
			1,633,851
Industrial Machinery - 0.4%
Duoyuan Global Water, Inc. ADR (a)(d)	46,000		928,740
Vallourec SA	4,600		447,917
			1,376,657
TOTAL MACHINERY			3,010,508
METALS & MINING - 32.9%
Aluminum - 0.2%
Alcoa, Inc.	68,800		768,496
Diversified Metals & Mining - 15.3%
African Rainbow Minerals Ltd.	49,500		1,160,766
Anglo American PLC (United Kingdom)	176,451		6,986,446
Antofagasta PLC	17,000		263,428
BHP Billiton PLC	654,227		20,032,358
Common Stocks - continued
	Shares		Value
METALS & MINING - CONTINUED
Diversified Metals & Mining - continued
Compass Minerals International, Inc.	1,900		$ 134,311
Eramet SA	622		172,230
Eurasian Natural Resources Corp. PLC	46,500		661,116
First Quantum Minerals Ltd.	13,800		864,824
Freeport-McMoRan Copper & Gold, Inc.	49,300		3,526,922
Grupo Mexico SA de CV Series B	148,082		393,648
HudBay Minerals, Inc. (a)	35,100		437,747
Ivanhoe Mines Ltd. (a)	14,900		262,937
Jiangxi Copper Co. Ltd. (H Shares)	40,000		88,780
Kazakhmys PLC	18,300		349,013
Mitsubishi Materials Corp. (a)	91,000		242,175
OJSC MMC Norilsk Nickel sponsored ADR (a)	79,500		1,294,260
Rio Tinto PLC	185,787		9,610,947
Sterlite Industries (India) Ltd.	173,488		655,678
Sumitomo Metal Mining Co. Ltd.	42,000		558,866
Teck Resources Ltd. Class B (sub. vtg.)	57,700		2,031,386
Vedanta Resources PLC	39,800		1,523,729
Walter Energy, Inc.	4,000		285,200
Xstrata PLC	180,591		2,876,291
			54,413,058
Gold - 7.4%
Agnico-Eagle Mines Ltd.:
(Canada)	26,300		1,469,341
(United States)	100		5,575
AngloGold Ashanti Ltd. sponsored ADR	77,700		3,148,404
Barrick Gold Corp.	118,800		4,883,981
Eldorado Gold Corp.	23,453		381,016
Franco-Nevada Corp.	9,800		298,686
Gold Fields Ltd. sponsored ADR	75,300		1,018,809
Goldcorp, Inc.	100,000		3,920,424
Harmony Gold Mining Co. Ltd. sponsored ADR	71,700		717,000
IAMGOLD Corp.	14,800		233,385
Kinross Gold Corp.	20,800		341,355
Lihir Gold Ltd.	227,337		844,953
Newcrest Mining Ltd.	83,809		2,480,549
Newmont Mining Corp.	59,600		3,331,640
Polyus Gold OJSC sponsored ADR	12,000		289,200
Randgold Resources Ltd. sponsored ADR	17,100		1,536,948
Red Back Mining, Inc. (a)	2,900		73,406
Royal Gold, Inc.	1,900		83,847
Common Stocks - continued
	Shares		Value
METALS & MINING - CONTINUED
Gold - continued
Ventana Gold Corp. (a)	28,500		$ 227,623
Yamana Gold, Inc.	91,900		864,510
			26,150,652
Precious Metals & Minerals - 0.7%
Anglo Platinum Ltd. (a)	1,400		134,927
Aquarius Platinum Ltd. (United Kingdom)	81,200		346,913
Compania de Minas Buenaventura SA sponsored ADR	9,400		362,934
Impala Platinum Holdings Ltd.	2,600		70,394
Lonmin PLC (a)	4,922		121,199
Mvelaphanda Resources Ltd. (a)	18,573		111,321
Northam Platinum Ltd.	20,900		126,071
Pan American Silver Corp.	11,100		254,856
Polymetal JSC GDR (Reg. S) (a)	15,700		205,827
Silver Standard Resources, Inc. (a)	16,000		261,760
Silver Wheaton Corp. (a)	34,500		650,766
			2,646,968
Steel - 9.3%
Allegheny Technologies, Inc.	4,700		223,767
ArcelorMittal SA Class A unit (d)	108,200		3,321,740
Atlas Iron Ltd. (a)	36,000		65,475
BlueScope Steel Ltd. (a)	456,649		979,281
Carpenter Technology Corp.	10,200		356,490
China Steel Corp.	33,819		32,088
Cliffs Natural Resources, Inc.	3,400		192,338
Commercial Metals Co.	78,500		1,129,615
Companhia Siderurgica Nacional SA (CSN)	9,900		164,165
Fortescue Metals Group Ltd. (a)	55,598		215,821
Gerdau SA sponsored ADR	31,300		458,232
JFE Holdings, Inc.	81,000		2,507,087
Jindal Steel & Power Ltd.	86,271		1,157,689
JSW Steel Ltd.	11,131		268,118
Kobe Steel Ltd.	265,000		554,990
Maanshan Iron & Steel Co. Ltd. (H Shares)	854,000		476,063
Maruichi Steel Tube Ltd.	13,000		259,022
Mechel Steel Group OAO sponsored ADR	16,000		348,480
Nippon Steel Corp.	592,000		2,020,712
Novolipetsk Steel Ojsc	4,500		139,905
Nucor Corp.	27,700		1,084,178
OneSteel Ltd.	141,793		383,621
POSCO	9,210		3,831,315
Common Stocks - continued
	Shares		Value
METALS & MINING - CONTINUED
Steel - continued
Salzgitter AG	1,284		$ 85,817
Sumitomo Metal Industries Ltd.	727,000		1,758,091
Tata Steel Ltd.	30,647		354,801
Ternium SA sponsored ADR	15,600		557,700
Thyssenkrupp AG	7,700		228,515
Tokyo Steel Manufacturing Co. Ltd.	12,600		150,748
United States Steel Corp.	9,300		412,269
Vale SA (PN-A) sponsored ADR (a)	314,000		7,608,220
Voestalpine AG	29,400		940,719
Yamato Kogyo Co. Ltd.	29,700		724,415
			32,991,487
TOTAL METALS & MINING			116,970,661
OIL, GAS & CONSUMABLE FUELS - 31.1%
Coal & Consumable Fuels - 1.7%
Alpha Natural Resources, Inc. (a)	39,705		1,521,893
Arch Coal, Inc.	24,000		568,560
Banpu PCL (For. Reg.)	7,700		148,571
Cameco Corp.	3,300		84,045
China Coal Energy Co. Ltd. (H Shares)	146,000		203,752
China Shenhua Energy Co. Ltd. (H Shares)	91,500		352,218
Cloud Peak Energy, Inc.	26,700		409,845
CONSOL Energy, Inc.	10,800		404,784
Massey Energy Co.	37,500		1,146,750
Paladin Energy Ltd. (a)	21,511		74,937
Peabody Energy Corp.	24,000		1,083,600
PT Bumi Resources Tbk	684,000		131,598
			6,130,553
Integrated Oil & Gas - 21.9%
BG Group PLC	266,057		4,262,554
BP PLC	975,300		6,234,151
Cenovus Energy, Inc.	4,500		126,733
Chevron Corp.	130,300		9,930,163
China Petroleum & Chemical Corp. (H Shares)	597,000		481,775
ConocoPhillips	17,800		982,916
ENI SpA	151,227		3,090,766
Exxon Mobil Corp.	285,961		17,066,152
Galp Energia SGPS SA Class B	13,781		225,416
Hess Corp.	5,100		273,309
Common Stocks - continued
	Shares		Value
OIL, GAS & CONSUMABLE FUELS - CONTINUED
Integrated Oil & Gas - continued
Imperial Oil Ltd.	11,600		$ 453,867
InterOil Corp. (a)(d)	5,600		336,000
Lukoil Oil Co. sponsored ADR	29,000		1,655,900
Marathon Oil Corp.	114,400		3,826,680
OAO Gazprom sponsored ADR	121,300		2,620,080
Occidental Petroleum Corp.	69,700		5,431,721
Origin Energy Ltd.	60,019		838,518
Petroleo Brasileiro SA - Petrobras (PN) sponsored ADR (non-vtg.)	49,400		1,573,390
Repsol YPF SA	44,088		1,039,704
Royal Dutch Shell PLC Class A (United Kingdom)	330,850		9,104,191
Suncor Energy, Inc.	120,032		3,957,279
Surgutneftegaz JSC sponsored ADR	3,930		39,693
Total SA	87,255		4,405,440
			77,956,398
Oil & Gas Exploration & Production - 6.9%
Anadarko Petroleum Corp.	35,900		1,764,844
Apache Corp.	17,600		1,682,208
Berry Petroleum Co. Class A	36,300		1,082,466
Cairn Energy PLC (a)	56,700		415,117
Canadian Natural Resources Ltd.	18,100		623,318
Chesapeake Energy Corp.	31,100		654,033
CNOOC Ltd. sponsored ADR (d)	7,800		1,313,676
CNPC (Hong Kong) Ltd.	50,000		65,143
Denbury Resources, Inc. (a)	51,400		814,176
Devon Energy Corp.	12,600		787,374
EOG Resources, Inc.	14,400		1,404,000
Falkland Oil & Gas Ltd. (a)	61,700		122,898
Heritage Oil PLC (a)	98,500		633,862
Japan Petroleum Exploration Co. Ltd.	13,700		540,550
Lundin Petroleum AB (a)	55,000		306,622
Mariner Energy, Inc. (a)	36,700		876,763
Newfield Exploration Co. (a)	1,400		74,844
Nexen, Inc.	4,500		93,463
Niko Resources Ltd.	5,000		539,326
Noble Energy, Inc.	5,500		368,830
Northern Oil & Gas, Inc. (a)	52,400		769,232
OAO NOVATEK GDR	7,600		570,000
Oil & Natural Gas Corp. Ltd.	7,722		206,547
OPTI Canada, Inc. (a)	227,200		364,687
Pacific Rubiales Energy Corp. (a)	6,300		151,134
Common Stocks - continued
	Shares		Value
OIL, GAS & CONSUMABLE FUELS - CONTINUED
Oil & Gas Exploration & Production - continued
Painted Pony Petroleum Ltd. Class A (a)	27,400		$ 175,923
PetroBakken Energy Ltd. Class A	24,248		531,925
Petrobank Energy & Resources Ltd. (a)	37,200		1,532,584
Petrohawk Energy Corp. (a)	43,200		681,264
Plains Exploration & Production Co. (a)	7,000		157,850
Progress Energy Resources Corp.	16,000		193,161
Range Resources Corp.	9,200		341,504
Santos Ltd.	43,881		528,086
Southwestern Energy Co. (a)	33,900		1,235,655
Talisman Energy, Inc.	120,300		2,053,860
Tullow Oil PLC	13,600		262,575
Ultra Petroleum Corp. (a)	5,000		211,850
Whiting Petroleum Corp. (a)	2,500		220,025
			24,351,375
Oil & Gas Refining & Marketing - 0.6%
Frontier Oil Corp.	63,600		781,644
Holly Corp.	12,600		336,798
Neste Oil Oyj	3,800		56,015
Reliance Industries Ltd.	46,840		1,019,554
Sunoco, Inc.	2,100		74,907
			2,268,918
TOTAL OIL, GAS & CONSUMABLE FUELS			110,707,244
PAPER & FOREST PRODUCTS - 4.5%
Forest Products - 0.9%
China Forestry Holdings Co. Ltd.	184,000		73,434
Sino-Forest Corp. (a)	68,400		1,053,331
Weyerhaeuser Co.	125,700		2,038,854
			3,165,619
Paper Products - 3.6%
Domtar Corp.	1,300		76,050
Fibria Celulose SA sponsored ADR (a)	49,789		781,687
International Paper Co.	152,400		3,688,080
Nine Dragons Paper (Holdings) Ltd.	702,000		1,019,448
Nippon Paper Group, Inc.	15,300		407,705
Oji Paper Co. Ltd.	398,000		1,924,952
Sappi Ltd. (a)	61,475		295,395
Stora Enso Oyj (R Shares)	61,500		498,170
Suzano Papel e Celulose SA	6,125		58,237
Common Stocks - continued
	Shares		Value
PAPER & FOREST PRODUCTS - CONTINUED
Paper Products - continued
Svenska Cellulosa AB (SCA) (B Shares)	101,100		$ 1,459,493
UPM-Kymmene Corp.	177,600		2,578,631
			12,787,848
TOTAL PAPER & FOREST PRODUCTS			15,953,467
REAL ESTATE INVESTMENT TRUSTS - 0.0%
Specialized REITs - 0.0%
Plum Creek Timber Co., Inc.	900		32,292
Potlatch Corp.	900		33,354
Rayonier, Inc.	700		34,181
			99,827
ROAD & RAIL - 0.3%
Railroads - 0.3%
CSX Corp.	8,800		463,936
Union Pacific Corp.	7,900		589,893
			1,053,829
SPECIALTY RETAIL - 0.1%
Specialty Stores - 0.1%
Tsutsumi Jewelry Co. Ltd.	18,200		423,280
TRADING COMPANIES & DISTRIBUTORS - 0.5%
Trading Companies & Distributors - 0.5%
Adani Enterprises Ltd.	6,000		75,522
Kloeckner & Co. AG (a)	15,374		318,399
Mills Estruturas e Servicos de Engenharia SA (a)	8,000		68,695
Noble Group Ltd.	960,090		1,164,901
			1,627,517
TOTAL COMMON STOCKS (Cost $360,166,474)		351,969,925
Money Market Funds - 1.5%
	Shares		Value
Fidelity Cash Central Fund, 0.24% (b)	1,024,478		$ 1,024,478
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	4,131,350		4,131,350
TOTAL MONEY MARKET FUNDS (Cost $5,155,828)		5,155,828
TOTAL INVESTMENT PORTFOLIO - 100.3% (Cost $365,322,302)			357,125,753
NET OTHER ASSETS (LIABILITIES) - (0.3)%			(1,042,562)
NET ASSETS - 100%		$ 356,083,191

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	$ 8,998
Fidelity Securities Lending Cash Central Fund	71,517
Total	$ 80,515

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Common Stocks	$ 351,969,925	$ 292,071,720	$ 59,898,205	$ -
Money Market Funds	5,155,828	5,155,828	-	-
Total Investments in Securities:	$ 357,125,753	$ 297,227,548	$ 59,898,205	$ -

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

Investments in Securities:
Beginning Balance	$ 65,806
Total Realized Gain (Loss)	69,126
Total Unrealized Gain (Loss)	(9,563)
Cost of Purchases	55,134
Proceeds of Sales	(180,503)
Amortization/Accretion	-
Transfers in to Level 3	-
Transfers out of Level 3	-
Ending Balance	$ -
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ -

Income Tax Information

At July 31, 2010, the cost of investment securities for income tax purposes was $367,297,222. Net unrealized depreciation aggregated $10,171,469, of which $22,845,092 related to appreciated investment securities and $33,016,561 related to depreciated investment securities.

Investment Valuation

Quarterly Report

Quarterly Holdings Report

for

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

July 31, 2010

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

1.879401.101

AGCS-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.8%
	Shares		Value
CHEMICALS - 19.2%
Diversified Chemicals - 0.4%
Dow Chemical Co.	51,400		$ 1,404,762
Fertilizers & Agricultural Chemicals - 18.6%
Agrium, Inc.	58,700		3,694,625
CF Industries Holdings, Inc.	54,572		4,430,701
China BlueChemical Ltd. (H shares)	770,000		493,672
Fertilizantes Heringer SA (a)	67,300		301,577
Incitec Pivot Ltd.	503,200		1,479,792
Israel Chemicals Ltd.	352,200		4,382,643
K&S AG	61,007		3,239,379
Monsanto Co.	248,600		14,379,024
Potash Corp. of Saskatchewan, Inc.	91,800		9,609,999
Sinofert Holdings Ltd. (a)	2,932,000		1,294,723
Sociedad Quimica y Minera de Chile SA (PN-B) sponsored ADR (d)	8,500		322,915
Syngenta AG (Switzerland)	43,782		9,671,118
Taiwan Fertilizer Co. Ltd.	352,000		974,981
The Mosaic Co.	117,100		5,579,815
United Phosphorous Ltd.	329,732		1,309,403
Uralkali JSC GDR (Reg. S) (a)	20,000		420,400
Yara International ASA	127,800		4,818,671
			66,403,438
Specialty Chemicals - 0.2%
Innophos Holdings, Inc.	21,600		633,096
Johnson Matthey PLC	2,900		76,913
			710,009
TOTAL CHEMICALS			68,518,209
COMMERCIAL SERVICES & SUPPLIES - 0.0%
Environmental & Facility Services - 0.0%
K-Green Trust (a)	22,000		18,604
CONSTRUCTION & ENGINEERING - 0.7%
Construction & Engineering - 0.7%
Fluor Corp.	10,800		521,532
Foster Wheeler AG (a)	15,500		356,810
Granite Construction, Inc.	43,300		1,006,725
Jacobs Engineering Group, Inc. (a)	11,400		416,898
KBR, Inc.	13,183		295,036
			2,597,001
Common Stocks - continued
	Shares		Value
CONSTRUCTION MATERIALS - 0.6%
Construction Materials - 0.6%
Cemex SA de CV sponsored ADR	50,508		$ 476,796
HeidelbergCement AG	31,512		1,587,195
Martin Marietta Materials, Inc.	800		68,320
			2,132,311
ENERGY EQUIPMENT & SERVICES - 2.3%
Oil & Gas Drilling - 0.5%
Ensco International Ltd. ADR	25,800		1,078,698
Noble Corp.	4,200		136,500
Transocean Ltd. (a)	7,000		323,470
Vantage Drilling Co. (a)	229,100		304,703
			1,843,371
Oil & Gas Equipment & Services - 1.8%
Aker Solutions ASA	19,200		248,950
Baker Hughes, Inc.	25,280		1,220,266
Fugro NV (Certificaten Van Aandelen) unit	1,100		58,086
Halliburton Co.	26,200		782,856
ION Geophysical Corp. (a)	194,000		851,660
National Oilwell Varco, Inc.	14,000		548,240
Newpark Resources, Inc. (a)	33,200		265,268
Oceaneering International, Inc. (a)	1,400		69,272
Saipem SpA	29,278		1,053,202
Schlumberger Ltd.	16,000		954,560
Technip SA	800		53,281
Weatherford International Ltd. (a)	4,500		72,900
Wellstream Holdings PLC	31,400		246,978
			6,425,519
TOTAL ENERGY EQUIPMENT & SERVICES			8,268,890
FOOD PRODUCTS - 5.6%
Agricultural Products - 5.0%
Archer Daniels Midland Co.	266,600		7,294,176
Bunge Ltd.	59,200		2,939,280
China Agri-Industries Holding Ltd.	1,089,000		1,232,354
China Green (Holdings) Ltd.	120,000		124,519
Golden Agri-Resources Ltd.	2,470,000		1,044,378
IOI Corp. Bhd	474,606		763,245
Kuala Lumpur Kepong Bhd	13,300		70,516
Origin Agritech Ltd. (a)	40,410		339,848
Common Stocks - continued
	Shares		Value
FOOD PRODUCTS - CONTINUED
Agricultural Products - continued
PPB Group Bhd	47,200		$ 257,070
Viterra, Inc. (a)	138,100		1,081,478
Wilmar International Ltd.	537,000		2,471,961
			17,618,825
Packaged Foods & Meats - 0.6%
China Yurun Food Group Ltd.	111,000		364,403
Cosan Ltd. Class A (a)	63,100		716,816
MHP SA GDR (Reg. S) (a)	51,400		722,170
Tingyi (Cayman Islands) Holding Corp.	162,000		410,866
			2,214,255
TOTAL FOOD PRODUCTS			19,833,080
INDUSTRIAL CONGLOMERATES - 0.2%
Industrial Conglomerates - 0.2%
Keppel Corp. Ltd.	110,000		755,497
MACHINERY - 0.8%
Construction & Farm Machinery & Heavy Trucks - 0.4%
Bucyrus International, Inc. Class A	7,800		485,316
Caterpillar, Inc.	2,200		153,450
Cummins, Inc.	1,000		79,610
Jain Irrigation Systems Ltd.	31,620		842,223
PT United Tractors Tbk	32,500		73,252
			1,633,851
Industrial Machinery - 0.4%
Duoyuan Global Water, Inc. ADR (a)(d)	46,000		928,740
Vallourec SA	4,600		447,917
			1,376,657
TOTAL MACHINERY			3,010,508
METALS & MINING - 32.9%
Aluminum - 0.2%
Alcoa, Inc.	68,800		768,496
Diversified Metals & Mining - 15.3%
African Rainbow Minerals Ltd.	49,500		1,160,766
Anglo American PLC (United Kingdom)	176,451		6,986,446
Antofagasta PLC	17,000		263,428
BHP Billiton PLC	654,227		20,032,358
Common Stocks - continued
	Shares		Value
METALS & MINING - CONTINUED
Diversified Metals & Mining - continued
Compass Minerals International, Inc.	1,900		$ 134,311
Eramet SA	622		172,230
Eurasian Natural Resources Corp. PLC	46,500		661,116
First Quantum Minerals Ltd.	13,800		864,824
Freeport-McMoRan Copper & Gold, Inc.	49,300		3,526,922
Grupo Mexico SA de CV Series B	148,082		393,648
HudBay Minerals, Inc. (a)	35,100		437,747
Ivanhoe Mines Ltd. (a)	14,900		262,937
Jiangxi Copper Co. Ltd. (H Shares)	40,000		88,780
Kazakhmys PLC	18,300		349,013
Mitsubishi Materials Corp. (a)	91,000		242,175
OJSC MMC Norilsk Nickel sponsored ADR (a)	79,500		1,294,260
Rio Tinto PLC	185,787		9,610,947
Sterlite Industries (India) Ltd.	173,488		655,678
Sumitomo Metal Mining Co. Ltd.	42,000		558,866
Teck Resources Ltd. Class B (sub. vtg.)	57,700		2,031,386
Vedanta Resources PLC	39,800		1,523,729
Walter Energy, Inc.	4,000		285,200
Xstrata PLC	180,591		2,876,291
			54,413,058
Gold - 7.4%
Agnico-Eagle Mines Ltd.:
(Canada)	26,300		1,469,341
(United States)	100		5,575
AngloGold Ashanti Ltd. sponsored ADR	77,700		3,148,404
Barrick Gold Corp.	118,800		4,883,981
Eldorado Gold Corp.	23,453		381,016
Franco-Nevada Corp.	9,800		298,686
Gold Fields Ltd. sponsored ADR	75,300		1,018,809
Goldcorp, Inc.	100,000		3,920,424
Harmony Gold Mining Co. Ltd. sponsored ADR	71,700		717,000
IAMGOLD Corp.	14,800		233,385
Kinross Gold Corp.	20,800		341,355
Lihir Gold Ltd.	227,337		844,953
Newcrest Mining Ltd.	83,809		2,480,549
Newmont Mining Corp.	59,600		3,331,640
Polyus Gold OJSC sponsored ADR	12,000		289,200
Randgold Resources Ltd. sponsored ADR	17,100		1,536,948
Red Back Mining, Inc. (a)	2,900		73,406
Royal Gold, Inc.	1,900		83,847
Common Stocks - continued
	Shares		Value
METALS & MINING - CONTINUED
Gold - continued
Ventana Gold Corp. (a)	28,500		$ 227,623
Yamana Gold, Inc.	91,900		864,510
			26,150,652
Precious Metals & Minerals - 0.7%
Anglo Platinum Ltd. (a)	1,400		134,927
Aquarius Platinum Ltd. (United Kingdom)	81,200		346,913
Compania de Minas Buenaventura SA sponsored ADR	9,400		362,934
Impala Platinum Holdings Ltd.	2,600		70,394
Lonmin PLC (a)	4,922		121,199
Mvelaphanda Resources Ltd. (a)	18,573		111,321
Northam Platinum Ltd.	20,900		126,071
Pan American Silver Corp.	11,100		254,856
Polymetal JSC GDR (Reg. S) (a)	15,700		205,827
Silver Standard Resources, Inc. (a)	16,000		261,760
Silver Wheaton Corp. (a)	34,500		650,766
			2,646,968
Steel - 9.3%
Allegheny Technologies, Inc.	4,700		223,767
ArcelorMittal SA Class A unit (d)	108,200		3,321,740
Atlas Iron Ltd. (a)	36,000		65,475
BlueScope Steel Ltd. (a)	456,649		979,281
Carpenter Technology Corp.	10,200		356,490
China Steel Corp.	33,819		32,088
Cliffs Natural Resources, Inc.	3,400		192,338
Commercial Metals Co.	78,500		1,129,615
Companhia Siderurgica Nacional SA (CSN)	9,900		164,165
Fortescue Metals Group Ltd. (a)	55,598		215,821
Gerdau SA sponsored ADR	31,300		458,232
JFE Holdings, Inc.	81,000		2,507,087
Jindal Steel & Power Ltd.	86,271		1,157,689
JSW Steel Ltd.	11,131		268,118
Kobe Steel Ltd.	265,000		554,990
Maanshan Iron & Steel Co. Ltd. (H Shares)	854,000		476,063
Maruichi Steel Tube Ltd.	13,000		259,022
Mechel Steel Group OAO sponsored ADR	16,000		348,480
Nippon Steel Corp.	592,000		2,020,712
Novolipetsk Steel Ojsc	4,500		139,905
Nucor Corp.	27,700		1,084,178
OneSteel Ltd.	141,793		383,621
POSCO	9,210		3,831,315
Common Stocks - continued
	Shares		Value
METALS & MINING - CONTINUED
Steel - continued
Salzgitter AG	1,284		$ 85,817
Sumitomo Metal Industries Ltd.	727,000		1,758,091
Tata Steel Ltd.	30,647		354,801
Ternium SA sponsored ADR	15,600		557,700
Thyssenkrupp AG	7,700		228,515
Tokyo Steel Manufacturing Co. Ltd.	12,600		150,748
United States Steel Corp.	9,300		412,269
Vale SA (PN-A) sponsored ADR (a)	314,000		7,608,220
Voestalpine AG	29,400		940,719
Yamato Kogyo Co. Ltd.	29,700		724,415
			32,991,487
TOTAL METALS & MINING			116,970,661
OIL, GAS & CONSUMABLE FUELS - 31.1%
Coal & Consumable Fuels - 1.7%
Alpha Natural Resources, Inc. (a)	39,705		1,521,893
Arch Coal, Inc.	24,000		568,560
Banpu PCL (For. Reg.)	7,700		148,571
Cameco Corp.	3,300		84,045
China Coal Energy Co. Ltd. (H Shares)	146,000		203,752
China Shenhua Energy Co. Ltd. (H Shares)	91,500		352,218
Cloud Peak Energy, Inc.	26,700		409,845
CONSOL Energy, Inc.	10,800		404,784
Massey Energy Co.	37,500		1,146,750
Paladin Energy Ltd. (a)	21,511		74,937
Peabody Energy Corp.	24,000		1,083,600
PT Bumi Resources Tbk	684,000		131,598
			6,130,553
Integrated Oil & Gas - 21.9%
BG Group PLC	266,057		4,262,554
BP PLC	975,300		6,234,151
Cenovus Energy, Inc.	4,500		126,733
Chevron Corp.	130,300		9,930,163
China Petroleum & Chemical Corp. (H Shares)	597,000		481,775
ConocoPhillips	17,800		982,916
ENI SpA	151,227		3,090,766
Exxon Mobil Corp.	285,961		17,066,152
Galp Energia SGPS SA Class B	13,781		225,416
Hess Corp.	5,100		273,309
Common Stocks - continued
	Shares		Value
OIL, GAS & CONSUMABLE FUELS - CONTINUED
Integrated Oil & Gas - continued
Imperial Oil Ltd.	11,600		$ 453,867
InterOil Corp. (a)(d)	5,600		336,000
Lukoil Oil Co. sponsored ADR	29,000		1,655,900
Marathon Oil Corp.	114,400		3,826,680
OAO Gazprom sponsored ADR	121,300		2,620,080
Occidental Petroleum Corp.	69,700		5,431,721
Origin Energy Ltd.	60,019		838,518
Petroleo Brasileiro SA - Petrobras (PN) sponsored ADR (non-vtg.)	49,400		1,573,390
Repsol YPF SA	44,088		1,039,704
Royal Dutch Shell PLC Class A (United Kingdom)	330,850		9,104,191
Suncor Energy, Inc.	120,032		3,957,279
Surgutneftegaz JSC sponsored ADR	3,930		39,693
Total SA	87,255		4,405,440
			77,956,398
Oil & Gas Exploration & Production - 6.9%
Anadarko Petroleum Corp.	35,900		1,764,844
Apache Corp.	17,600		1,682,208
Berry Petroleum Co. Class A	36,300		1,082,466
Cairn Energy PLC (a)	56,700		415,117
Canadian Natural Resources Ltd.	18,100		623,318
Chesapeake Energy Corp.	31,100		654,033
CNOOC Ltd. sponsored ADR (d)	7,800		1,313,676
CNPC (Hong Kong) Ltd.	50,000		65,143
Denbury Resources, Inc. (a)	51,400		814,176
Devon Energy Corp.	12,600		787,374
EOG Resources, Inc.	14,400		1,404,000
Falkland Oil & Gas Ltd. (a)	61,700		122,898
Heritage Oil PLC (a)	98,500		633,862
Japan Petroleum Exploration Co. Ltd.	13,700		540,550
Lundin Petroleum AB (a)	55,000		306,622
Mariner Energy, Inc. (a)	36,700		876,763
Newfield Exploration Co. (a)	1,400		74,844
Nexen, Inc.	4,500		93,463
Niko Resources Ltd.	5,000		539,326
Noble Energy, Inc.	5,500		368,830
Northern Oil & Gas, Inc. (a)	52,400		769,232
OAO NOVATEK GDR	7,600		570,000
Oil & Natural Gas Corp. Ltd.	7,722		206,547
OPTI Canada, Inc. (a)	227,200		364,687
Pacific Rubiales Energy Corp. (a)	6,300		151,134
Common Stocks - continued
	Shares		Value
OIL, GAS & CONSUMABLE FUELS - CONTINUED
Oil & Gas Exploration & Production - continued
Painted Pony Petroleum Ltd. Class A (a)	27,400		$ 175,923
PetroBakken Energy Ltd. Class A	24,248		531,925
Petrobank Energy & Resources Ltd. (a)	37,200		1,532,584
Petrohawk Energy Corp. (a)	43,200		681,264
Plains Exploration & Production Co. (a)	7,000		157,850
Progress Energy Resources Corp.	16,000		193,161
Range Resources Corp.	9,200		341,504
Santos Ltd.	43,881		528,086
Southwestern Energy Co. (a)	33,900		1,235,655
Talisman Energy, Inc.	120,300		2,053,860
Tullow Oil PLC	13,600		262,575
Ultra Petroleum Corp. (a)	5,000		211,850
Whiting Petroleum Corp. (a)	2,500		220,025
			24,351,375
Oil & Gas Refining & Marketing - 0.6%
Frontier Oil Corp.	63,600		781,644
Holly Corp.	12,600		336,798
Neste Oil Oyj	3,800		56,015
Reliance Industries Ltd.	46,840		1,019,554
Sunoco, Inc.	2,100		74,907
			2,268,918
TOTAL OIL, GAS & CONSUMABLE FUELS			110,707,244
PAPER & FOREST PRODUCTS - 4.5%
Forest Products - 0.9%
China Forestry Holdings Co. Ltd.	184,000		73,434
Sino-Forest Corp. (a)	68,400		1,053,331
Weyerhaeuser Co.	125,700		2,038,854
			3,165,619
Paper Products - 3.6%
Domtar Corp.	1,300		76,050
Fibria Celulose SA sponsored ADR (a)	49,789		781,687
International Paper Co.	152,400		3,688,080
Nine Dragons Paper (Holdings) Ltd.	702,000		1,019,448
Nippon Paper Group, Inc.	15,300		407,705
Oji Paper Co. Ltd.	398,000		1,924,952
Sappi Ltd. (a)	61,475		295,395
Stora Enso Oyj (R Shares)	61,500		498,170
Suzano Papel e Celulose SA	6,125		58,237
Common Stocks - continued
	Shares		Value
PAPER & FOREST PRODUCTS - CONTINUED
Paper Products - continued
Svenska Cellulosa AB (SCA) (B Shares)	101,100		$ 1,459,493
UPM-Kymmene Corp.	177,600		2,578,631
			12,787,848
TOTAL PAPER & FOREST PRODUCTS			15,953,467
REAL ESTATE INVESTMENT TRUSTS - 0.0%
Specialized REITs - 0.0%
Plum Creek Timber Co., Inc.	900		32,292
Potlatch Corp.	900		33,354
Rayonier, Inc.	700		34,181
			99,827
ROAD & RAIL - 0.3%
Railroads - 0.3%
CSX Corp.	8,800		463,936
Union Pacific Corp.	7,900		589,893
			1,053,829
SPECIALTY RETAIL - 0.1%
Specialty Stores - 0.1%
Tsutsumi Jewelry Co. Ltd.	18,200		423,280
TRADING COMPANIES & DISTRIBUTORS - 0.5%
Trading Companies & Distributors - 0.5%
Adani Enterprises Ltd.	6,000		75,522
Kloeckner & Co. AG (a)	15,374		318,399
Mills Estruturas e Servicos de Engenharia SA (a)	8,000		68,695
Noble Group Ltd.	960,090		1,164,901
			1,627,517
TOTAL COMMON STOCKS (Cost $360,166,474)		351,969,925
Money Market Funds - 1.5%
	Shares		Value
Fidelity Cash Central Fund, 0.24% (b)	1,024,478		$ 1,024,478
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	4,131,350		4,131,350
TOTAL MONEY MARKET FUNDS (Cost $5,155,828)		5,155,828
TOTAL INVESTMENT PORTFOLIO - 100.3% (Cost $365,322,302)			357,125,753
NET OTHER ASSETS (LIABILITIES) - (0.3)%			(1,042,562)
NET ASSETS - 100%		$ 356,083,191

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	$ 8,998
Fidelity Securities Lending Cash Central Fund	71,517
Total	$ 80,515

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Common Stocks	$ 351,969,925	$ 292,071,720	$ 59,898,205	$ -
Money Market Funds	5,155,828	5,155,828	-	-
Total Investments in Securities:	$ 357,125,753	$ 297,227,548	$ 59,898,205	$ -

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

Investments in Securities:
Beginning Balance	$ 65,806
Total Realized Gain (Loss)	69,126
Total Unrealized Gain (Loss)	(9,563)
Cost of Purchases	55,134
Proceeds of Sales	(180,503)
Amortization/Accretion	-
Transfers in to Level 3	-
Transfers out of Level 3	-
Ending Balance	$ -
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ -

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

July 31, 2010

1.804818.106

IVF-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.3%
	Shares		Value
Australia - 1.6%
Fortescue Metals Group Ltd. (a)	770,593		$ 2,991,293
JB Hi-Fi Ltd.	168,406		2,916,595
Macquarie Group Ltd.	94,864		3,193,162
TOTAL AUSTRALIA			9,101,050
Austria - 0.6%
Erste Bank AG	80,300		3,222,974
Bailiwick of Jersey - 1.1%
Heritage Oil PLC (a)	455,989		2,934,355
Randgold Resources Ltd. sponsored ADR	37,367		3,358,546
TOTAL BAILIWICK OF JERSEY			6,292,901
Belgium - 1.3%
Ageas	1,171,700		3,226,837
Anheuser-Busch InBev SA NV	79,105		4,189,529
TOTAL BELGIUM			7,416,366
Brazil - 5.0%
Banco Santander (Brasil) SA ADR (e)	254,193		3,385,851
BM&F BOVESPA SA	497,900		3,680,808
BR Malls Participacoes SA	211,400		3,178,514
Cia Hering SA	93,800		3,144,980
Hypermarcas SA (a)	225,800		2,943,040
Iguatemi Empresa de Shopping Centers SA	150,700		2,996,003
Itau Unibanco Banco Multiplo SA ADR (f)	225,400		5,046,706
TIM Participacoes SA sponsored ADR (non-vtg.)	107,734		3,073,651
TOTAL BRAZIL			27,449,553
Canada - 6.5%
Consolidated Thompson Iron Mines Ltd. (a)	376,700		3,019,610
First Quantum Minerals Ltd.	46,700		2,926,615
Niko Resources Ltd.	30,000		3,235,955
OPTI Canada, Inc. (a)	1,935,600		3,106,902
Petrobank Energy & Resources Ltd. (a)	76,800		3,164,045
Quadra FNX Mining Ltd. (a)	249,100		3,016,971
Suncor Energy, Inc.	152,600		5,030,998
Talisman Energy, Inc.	200,600		3,424,807
Teck Resources Ltd. Class B (sub. vtg.)	99,300		3,495,955
Uranium One, Inc. (a)	975,800		2,648,458
Western Coal Corp. (a)	750,600		3,066,803
TOTAL CANADA			36,137,119
Cayman Islands - 4.1%
Bosideng International Holdings Ltd.	9,694,000		2,995,249
China High Speed Transmission Equipment Group Co. Ltd.	1,313,000		3,002,109
Hengdeli Holdings Ltd.	5,984,000		2,742,586
Hidili Industry International Development Ltd.	3,438,000		3,107,146
Kingdee International Software Group Co. Ltd.	6,376,000		2,684,200

	Shares		Value
Maoye International Holdings Ltd.	6,458,000		$ 2,643,893
Peak Sport Products Co. Ltd.	4,178,000		2,926,079
Trina Solar Ltd. ADR (a)(e)	116,300		2,528,362
TOTAL CAYMAN ISLANDS			22,629,624
China - 4.5%
Ausnutria Dairy Hunan Co. Ltd. Class H	4,504,000		2,725,304
Baidu.com, Inc. sponsored ADR (a)	38,200		3,109,862
BYD Co. Ltd. (H Shares) (e)	414,500		2,852,272
China Construction Bank Corp.(H Shares)	5,038,000		4,274,274
China Life Insurance Co. Ltd. ADR (e)	58,400		3,922,728
China Mengniu Dairy Co. Ltd.	793,000		2,465,523
China Yurun Food Group Ltd.	877,000		2,879,112
Digital China Holdings Ltd. (H Shares)	1,669,000		2,707,358
TOTAL CHINA			24,936,433
Cyprus - 0.6%
AFI Development PLC:
(B Shares) (a)	2,086,976		1,726,973
GDR (Reg. S)	2,086,976		1,773,930
TOTAL CYPRUS			3,500,903
Denmark - 1.9%
Carlsberg AS Series B	34,700		3,077,296
Novo Nordisk AS Series B sponsored ADR	47,300		4,069,219
Novozymes AS Series B	26,300		3,360,530
TOTAL DENMARK			10,507,045
France - 7.1%
Atos Origin SA (a)	63,308		2,718,786
AXA SA sponsored ADR	216,700		3,998,115
BNP Paribas SA	85,491		5,873,196
Christian Dior SA	31,300		3,392,500
Credit Agricole SA	241,600		3,309,487
Edenred (a)	168,500		2,964,795
Iliad Group SA	30,381		2,674,782
PPR SA	23,400		3,130,660
Schneider Electric SA	32,794		3,782,672
Societe Generale Series A	77,169		4,449,077
Vallourec SA	31,084		3,026,751
TOTAL FRANCE			39,320,821
Germany - 3.6%
Bayerische Motoren Werke AG (BMW)	62,454		3,362,610
Daimler AG (Germany) (a)	83,605		4,508,492
Deutsche Boerse AG	47,900		3,353,765
HeidelbergCement AG	60,488		3,046,657
Siemens AG sponsored ADR	59,100		5,755,749
TOTAL GERMANY			20,027,273
Hong Kong - 0.6%
China Unicom (Hong Kong) Ltd. sponsored ADR	228,200		3,112,648
Common Stocks - continued
	Shares		Value
India - 4.9%
Adani Enterprises Ltd.	209,230		$ 2,633,587
Adani Power Ltd.	982,409		2,696,145
Asian Paints India Ltd.	53,613		3,009,020
Bank of Baroda	168,185		2,837,478
Crompton Greaves Ltd.	482,297		2,875,482
Infrastructure Development Finance Co. Ltd.	692,917		2,777,793
Jain Irrigation Systems Ltd.	114,857		3,059,304
LIC Housing Finance Ltd.	128,077		3,137,797
Rural Electrification Corp. Ltd.	117,092		795,926
United Spirits Ltd.	101,382		3,027,144
TOTAL INDIA			26,849,676
Indonesia - 0.5%
PT Bank Tabungan Negara Tbk	13,056,500		2,847,899
Israel - 0.8%
Teva Pharmaceutical Industries Ltd. sponsored ADR	91,743		4,481,646
Japan - 12.0%
eAccess Ltd. (e)	4,524		2,931,374
Fast Retailing Co. Ltd.	20,400		3,052,034
Itochu Corp.	451,700		3,522,659
Japan Tobacco, Inc.	1,020		3,280,995
Keyence Corp.	13,200		3,039,398
Mazda Motor Corp.	1,136,000		2,747,168
Mitsubishi Corp.	185,000		4,000,752
Mitsubishi UFJ Financial Group, Inc. sponsored ADR	1,081,200		5,384,376
Mitsui & Co. Ltd.	302,300		3,875,596
Nintendo Co. Ltd.	13,800		3,857,773
Nippon Electric Glass Co. Ltd.	231,000		2,942,794
Nitori Co. Ltd.	32,750		2,823,113
Omron Corp.	117,700		2,838,146
ORIX Corp.	44,160		3,474,550
Rakuten, Inc.	3,895		2,983,500
SOFTBANK CORP.	126,100		3,771,692
Sony Corp. sponsored ADR	132,278		4,129,719
Sumitomo Mitsui Financial Group, Inc.	149,700		4,635,200
Uni-Charm Corp.	24,200		2,878,519
TOTAL JAPAN			66,169,358
Korea (South) - 1.2%
Hyundai Motor Co.	31,296		3,942,594
Lock & Lock Co. Ltd.	101,310		2,967,990
TOTAL KOREA (SOUTH)			6,910,584
Luxembourg - 0.6%
Tenaris SA sponsored ADR	82,300		3,296,115
Mexico - 1.1%
Grupo Mexico SA de CV Series B	1,205,400		3,204,332
Grupo Modelo SAB de CV Series C	572,500		3,107,539
TOTAL MEXICO			6,311,871

	Shares		Value
Netherlands - 4.4%
ASM International NV (Netherlands) (a)	109,500		$ 2,782,264
European Aeronautic Defence and Space Co. EADS NV (a)	134,200		3,179,856
ING Groep NV sponsored ADR (a)(e)	478,296		4,601,208
Koninklijke Ahold NV	263,040		3,376,907
Koninklijke Philips Electronics NV	125,515		3,902,478
Unilever NV unit	212,900		6,278,421
TOTAL NETHERLANDS			24,121,134
Papua New Guinea - 0.5%
Lihir Gold Ltd.	776,265		2,885,178
Russia - 2.9%
LSR Group OJSC GDR (Reg. S) (a)	331,800		3,019,380
Magnit OJSC GDR (Reg. S)	145,200		3,070,980
Mechel Steel Group OAO sponsored ADR (a)	382,700		2,851,115
OAO NOVATEK GDR	38,800		2,910,000
Sberbank (Savings Bank of the Russian Federation) GDR	13,600		4,005,977
TOTAL RUSSIA			15,857,452
South Africa - 1.6%
African Bank Investments Ltd.	619,800		2,846,510
Clicks Group Ltd.	560,817		2,779,367
Mr. Price Group Ltd.	457,082		3,163,850
TOTAL SOUTH AFRICA			8,789,727
Spain - 3.8%
Banco Bilbao Vizcaya Argentaria SA sponsored ADR (e)	355,100		4,776,095
Banco Santander SA sponsored ADR	547,388		6,990,145
Inditex SA	49,673		3,285,621
Telefonica SA sponsored ADR (e)	91,100		6,234,884
TOTAL SPAIN			21,286,745
Sweden - 1.4%
EnergyO Solutions AB (a)	770,839		4,592,141
Lundin Petroleum AB (a)	558,800		3,115,283
TOTAL SWEDEN			7,707,424
Switzerland - 2.7%
Compagnie Financiere Richemont SA Series A	89,500		3,493,039
Credit Suisse Group sponsored ADR	113,400		5,144,958
Lonza Group AG	39,874		3,097,121
The Swatch Group AG (Bearer)	9,700		3,004,388
TOTAL SWITZERLAND			14,739,506
Taiwan - 1.2%
HTC Corp.	184,800		3,397,027
Ruentex Development Co. Ltd.	1,758,000		3,011,751
TOTAL TAIWAN			6,408,778
Common Stocks - continued
	Shares		Value
Turkey - 0.6%
Turkiye Garanti Bankasi AS	634,000		$ 3,280,833
United Kingdom - 10.8%
Anglo American PLC (United Kingdom)	118,800		4,703,798
Associated British Foods PLC	193,100		3,110,352
AstraZeneca PLC sponsored ADR (e)	104,300		5,260,892
Barclays PLC Sponsored ADR (e)	263,270		5,494,445
BG Group PLC	302,043		4,839,093
British American Tobacco PLC (United Kingdom)	158,400		5,447,127
Britvic PLC	358,200		2,696,644
Burberry Group PLC	243,000		3,207,135
HSBC Holdings PLC sponsored ADR	184,700		9,434,476
Imperial Tobacco Group PLC	137,241		3,883,088
Lloyds TSB Group PLC (a)	4,050,700		4,369,903
Vedanta Resources PLC	77,800		2,978,545
Xstrata PLC	273,800		4,360,841
TOTAL UNITED KINGDOM			59,786,339
United States of America - 7.8%
Apple, Inc. (a)	10,645		2,738,426
AsiaInfo Holdings, Inc. (a)	133,400		2,721,360
Bank of America Corp.	221,763		3,113,553
Citigroup, Inc. (a)	786,200		3,223,420
Express Scripts, Inc. (a)	67,868		3,066,276
JPMorgan Chase & Co.	82,294		3,314,802
Las Vegas Sands Corp. (a)(e)	96,800		2,600,048
MasterCard, Inc. Class A	13,660		2,869,146
Morgan Stanley	113,200		3,055,268
NII Holdings, Inc. (a)	74,089		2,775,374
Rubicon Technology, Inc. (a)(e)	90,549		2,739,107
Sprint Nextel Corp. (a)	597,000		2,728,290
Universal Display Corp. (a)(e)	97,400		2,007,414
Visa, Inc. Class A	38,160		2,799,036
Wells Fargo & Co.	120,072		3,329,597
TOTAL UNITED STATES OF AMERICA			43,081,117
TOTAL COMMON STOCKS (Cost $518,619,956)		538,466,092
Nonconvertible Preferred Stocks - 1.3%

Germany - 0.7%
Volkswagen AG	34,800		3,687,944

	Shares		Value
Italy - 0.6%
Fiat SpA (Risparmio Shares)	432,700		$ 3,493,729
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $6,950,515)		7,181,673

Convertible Bonds - 0.4%
		Principal Amount (d)
Canada - 0.4%
First Uranium Corp. 7% 3/31/13 (Cost $2,840,051)	CAD	$ 2,896,000	2,056,598

Money Market Funds - 5.4%
	Shares
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c) (Cost $30,031,291)	30,031,291		30,031,291
TOTAL INVESTMENT PORTFOLIO - 104.4% (Cost $558,441,813)			577,735,654
NET OTHER ASSETS (LIABILITIES) - (4.4)%			(24,301,555)
NET ASSETS - 100%		$ 553,434,099

Currency Abbreviations
CAD	-	Canadian dollar

Legend

(a) Non-income producing

(d) Principal Amount is stated in Canadian dollars unless otherwise noted.

(e) 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	$ 5,471
Fidelity Securities Lending Cash Central Fund	295,999
Total	$ 301,470

Other Information

The following is a summary of the inputs used, as of July 31, 2010, involving the Fund's assets and liabilities carried at fair 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:
Japan	$ 66,169,358	$ 66,169,358	$ -	$ -
United Kingdom	59,786,339	49,969,309	9,817,030	-
United States of America	43,081,117	43,081,117	-	-
France	39,320,821	39,320,821	-	-
Canada	36,137,119	36,137,119	-	-
Brazil	27,449,553	27,449,553	-	-
India	26,849,676	23,216,272	3,633,404	-
China	24,936,433	24,936,433	-	-
Netherlands	24,121,134	20,218,656	3,902,478	-
Other	197,796,215	194,911,037	2,885,178	-
Corporate Bonds	2,056,598	-	2,056,598	-
Money Market Funds	30,031,291	30,031,291	-	-
Total Investments in Securities:	$ 577,735,654	$ 555,440,966	$ 22,294,688	$ -

Income Tax Information

At July 31, 2010, the cost of investment securities for income tax purposes was $572,472,843. Net unrealized appreciation aggregated $5,262,811, of which $30,234,628 related to appreciated investment securities and $24,971,817 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. 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. Factors used in determining value may include market or security specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The value used for net asset value calculation under these procedures may differ from published prices for the same securities. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels. Level 1 - quoted prices in active markets for identical investments. Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.). Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows.

Debt securities, including restricted securities, are valued based on evaluated prices received from independent pricing services or from dealers who make markets in such securities. For corporate bonds, pricing services utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as dealer supplied prices and are generally categorized as Level 2 in the hierarchy.

Quarterly Report

Quarterly Holdings Report

for

Fidelity® International Discovery Fund -
International Discovery
Class K

July 31, 2010

1.804822.106

IGI-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.7%
	Shares		Value (000s)
Australia - 2.7%
Australia & New Zealand Banking Group Ltd.	2,804,947		$ 58,502
Commonwealth Bank of Australia	1,350,216		64,215
JB Hi-Fi Ltd.	1,401,880		24,279
Macquarie Group Ltd.	1,491,728		50,212
Wesfarmers Ltd.	1,132,580		31,861
Westfield Group unit	2,381,694		26,313
TOTAL AUSTRALIA			255,382
Bailiwick of Jersey - 1.3%
Experian PLC	3,793,400		37,334
Informa PLC	6,087,479		37,465
Shire PLC	2,085,900		47,688
TOTAL BAILIWICK OF JERSEY			122,487
Belgium - 1.6%
Anheuser-Busch InBev SA NV	2,433,612		128,888
Delhaize Group SA	310,400		22,921
TOTAL BELGIUM			151,809
Bermuda - 1.2%
Huabao International Holdings Ltd.	31,538,000		40,684
Li & Fung Ltd.	4,808,000		22,036
Noble Group Ltd.	27,314,364		33,141
Signet Jewelers Ltd. (a)	436,500		12,995
TOTAL BERMUDA			108,856
British Virgin Islands - 0.3%
Playtech Ltd. (d)	3,758,978		26,088
Canada - 1.5%
InterOil Corp. (a)(d)	247,600		14,856
Niko Resources Ltd.	498,400		53,760
Open Text Corp. (a)	972,400		38,491
Petrobank Energy & Resources Ltd. (a)	813,500		33,515
TOTAL CANADA			140,622
Cayman Islands - 1.6%
Alibaba.com Ltd.	8,783,000		18,160
BaWang International (Group) Holding Ltd. (d)	32,317,000		19,721
Belle International Holdings Ltd.	8,980,000		13,850
Bosideng International Holdings Ltd.	56,750,000		17,535
Ctrip.com International Ltd. sponsored ADR (a)	505,000		20,331
Eurasia Drilling Co. Ltd. GDR (f)	257,900		5,287
Hengdeli Holdings Ltd.	77,684,000		35,604
Common Stocks - continued
	Shares		Value (000s)
Cayman Islands - continued
Peak Sport Products Co. Ltd. (d)	9,636,000		$ 6,749
Shenguan Holdings Group Ltd.	11,272,000		10,274
TOTAL CAYMAN ISLANDS			147,511
China - 0.9%
Baidu.com, Inc. sponsored ADR (a)	528,000		42,984
Comba Telecom Systems Holdings Ltd. (d)	6,822,200		7,026
ZTE Corp. (H Shares) (d)	9,862,296		31,552
TOTAL CHINA			81,562
Cyprus - 0.0%
Aisi Realty Public Ltd. (a)(e)	21,633,000		892
Denmark - 2.3%
Carlsberg AS Series B	348,600		30,915
Novo Nordisk AS Series B	1,352,819		115,772
William Demant Holding AS (a)	1,001,500		73,400
TOTAL DENMARK			220,087
France - 8.4%
Atos Origin SA (a)	1,240,983		53,294
AXA SA	2,521,066		46,478
BNP Paribas SA	1,015,066		69,735
Carrefour SA	621,367		28,608
Compagnie Generale de Geophysique SA (a)	1,085,600		20,959
Danone	636,800		35,722
Essilor International SA	411,554		25,747
GDF Suez	895,600		29,754
Iliad Group SA (d)	509,521		44,859
LVMH Moet Hennessy - Louis Vuitton	490,711		59,876
Pernod-Ricard SA	388,925		30,445
PPR SA	649,900		86,949
Sanofi-Aventis	1,275,005		74,131
Schneider Electric SA	607,569		70,081
Societe Generale Series A	1,212,363		69,897
Unibail-Rodamco	118,400		23,364
Vallourec SA	245,800		23,934
TOTAL FRANCE			793,833
Germany - 5.9%
BASF AG	625,119		36,509
Bayerische Motoren Werke AG (BMW)	1,875,773		100,994
Deutsche Bank AG	603,882		42,187
Common Stocks - continued
	Shares		Value (000s)
Germany - continued
Deutsche Boerse AG	645,625		$ 45,204
GEA Group AG	2,094,883		47,413
HeidelbergCement AG	1,286,567		64,802
Kabel Deutschland Holding AG	745,100		23,501
MAN SE	293,246		27,224
Metro AG	439,200		24,383
Munich Re Group	248,025		34,363
Siemens AG	1,123,927		109,558
TOTAL GERMANY			556,138
Greece - 0.3%
Coca-Cola Hellenic Bottling Co. SA	1,086,700		25,631
Hong Kong - 0.9%
BYD Electronic International Co. Ltd.	20,411,500		11,378
Henderson Land Development Co. Ltd.	3,738,000		23,268
Techtronic Industries Co. Ltd.	65,201,500		53,806
TOTAL HONG KONG			88,452
India - 1.9%
Adani Enterprises Ltd.	1,982,014		24,948
Housing Development Finance Corp. Ltd.	301,385		19,413
IndusInd Bank Ltd.	2,074,982		9,137
Infrastructure Development Finance Co. Ltd.	3,122,908		12,519
Larsen & Toubro Ltd.	807,972		31,255
LIC Housing Finance Ltd.	1,016,860		24,912
Reliance Industries Ltd.	903,416		19,664
Rural Electrification Corp. Ltd.	2,750,582		18,697
State Bank of India	217,944		11,760
Titan Industries Ltd.	160,588		9,714
TOTAL INDIA			182,019
Indonesia - 0.4%
PT XL Axiata Tbk (a)	78,512,500		41,715
Ireland - 1.5%
Bank of Ireland (a)	5,824,700		6,306
CRH PLC	1,570,261		32,742
Ingersoll-Rand Co. Ltd.	731,600		27,406
James Hardie Industries NV unit (a)	5,640,496		33,226
Paddy Power PLC (Ireland)	1,018,297		37,002
TOTAL IRELAND			136,682
Common Stocks - continued
	Shares		Value (000s)
Israel - 0.7%
Israel Chemicals Ltd.	1,513,500		$ 18,833
Teva Pharmaceutical Industries Ltd. sponsored ADR	1,060,700		51,815
TOTAL ISRAEL			70,648
Italy - 1.0%
Intesa Sanpaolo SpA	5,602,109		18,546
Prysmian SpA	964,200		16,312
Saipem SpA	1,697,063		61,048
TOTAL ITALY			95,906
Japan - 17.0%
ABC-Mart, Inc.	1,256,700		40,860
Asics Corp.	2,858,000		28,241
Canon, Inc.	1,694,250		73,362
Denso Corp.	1,627,300		46,640
Don Quijote Co. Ltd.	627,600		16,339
Fast Retailing Co. Ltd.	89,100		13,330
Goldcrest Co. Ltd.	437,930		8,949
GREE, Inc.	194,500		15,956
Honda Motor Co. Ltd.	1,791,100		56,648
JSR Corp.	2,355,500		41,264
Keyence Corp.	286,200		65,900
Konica Minolta Holdings, Inc.	3,505,500		36,911
Mazda Motor Corp.	21,208,000		51,287
Misumi Group, Inc.	825,300		15,871
Mitsubishi Corp.	2,042,800		44,177
Mitsubishi UFJ Financial Group, Inc.	20,372,800		100,891
Mitsui & Co. Ltd.	2,301,400		29,505
Mizuho Financial Group, Inc.	19,827,700		32,130
NHK Spring Co. Ltd.	1,257,000		11,548
Nichi-iko Pharmaceutical Co. Ltd.	742,500		26,762
Nintendo Co. Ltd.	88,400		24,712
Nippon Electric Glass Co. Ltd.	2,040,000		25,988
Nitori Co. Ltd.	95,350		8,219
NSK Ltd.	5,663,000		40,298
Omron Corp.	3,471,500		83,710
ORIX Corp.	1,247,770		98,176
Rakuten, Inc.	82,574		63,250
Ricoh Co. Ltd.	4,142,000		57,367
Sawai Pharmaceutical Co. Ltd.	160,300		14,245
Shin-Etsu Chemical Co., Ltd.	706,000		35,167
SMC Corp.	353,700		46,819
Common Stocks - continued
	Shares		Value (000s)
Japan - continued
SOFTBANK CORP.	3,470,500		$ 103,804
Sony Corp.	1,270,700		39,741
Sony Financial Holdings, Inc.	7,099		25,751
Start Today Co. Ltd.	1,930		5,969
Sumitomo Mitsui Financial Group, Inc.	2,014,000		62,360
THK Co. Ltd.	1,280,600		25,293
Tokyo Electron Ltd.	609,200		32,707
Toyota Motor Corp.	1,422,700		49,925
TOTAL JAPAN			1,600,072
Korea (South) - 1.7%
Kia Motors Corp.	912,890		23,850
NCsoft Corp.	149,607		23,780
NHN Corp. (a)	123,150		19,158
Samsung Electronics Co. Ltd.	65,919		45,144
Shinhan Financial Group Co. Ltd.	1,073,070		44,059
TOTAL KOREA (SOUTH)			155,991
Luxembourg - 0.3%
Millicom International Cellular SA	282,400		26,325
Mexico - 0.8%
Grupo Modelo SAB de CV Series C	7,255,400		39,382
Wal-Mart de Mexico SA de CV Series V	15,353,800		35,660
TOTAL MEXICO			75,042
Netherlands - 3.4%
Aegon NV (a)	4,144,300		24,897
ASML Holding NV (Netherlands)	988,400		31,728
Gemalto NV (d)	851,198		34,946
ING Groep NV (Certificaten Van Aandelen) unit (a)	2,749,300		26,370
Koninklijke Ahold NV	4,205,006		53,984
Koninklijke Philips Electronics NV	3,340,338		103,857
Randstad Holdings NV (a)	229,781		10,323
Wolters Kluwer NV (Certificaten Van Aandelen)	1,497,800		30,219
TOTAL NETHERLANDS			316,324
Norway - 1.2%
Aker Solutions ASA	1,903,800		24,685
DnB NOR ASA	3,698,155		45,942
Pronova BioPharma ASA (a)(d)	5,996,949		14,712
Yara International ASA	620,300		23,388
TOTAL NORWAY			108,727
Common Stocks - continued
	Shares		Value (000s)
Singapore - 0.3%
K-Green Trust (a)	859,000		$ 726
Keppel Corp. Ltd.	4,295,000		29,499
TOTAL SINGAPORE			30,225
South Africa - 2.0%
African Rainbow Minerals Ltd.	607,700		14,250
AngloGold Ashanti Ltd. sponsored ADR	602,100		24,397
Clicks Group Ltd.	8,685,101		43,043
Mr. Price Group Ltd.	3,702,400		25,627
Sanlam Ltd.	7,188,000		24,655
Standard Bank Group Ltd.	1,349,000		20,991
Woolworths Holdings Ltd.	10,113,976		36,037
TOTAL SOUTH AFRICA			189,000
Spain - 3.2%
Antena 3 Television SA	2,176,200		15,855
Banco Bilbao Vizcaya Argentaria SA	4,277,947		57,376
Banco Santander SA (d)	8,970,366		116,553
Inditex SA	398,393		26,352
Telefonica SA	3,760,883		85,180
TOTAL SPAIN			301,316
Sweden - 1.6%
Elekta AB (B Shares)	2,525,000		73,217
H&M Hennes & Mauritz AB (B Shares)	788,566		24,843
Modern Times Group MTG AB (B Shares)	597,600		37,472
Skandinaviska Enskilda Banken AB (A Shares)	1,603,800		11,041
TOTAL SWEDEN			146,573
Switzerland - 6.6%
Adecco SA (Reg.)	243,346		12,406
BB BIOTECH AG	19,511		1,049
Compagnie Financiere Richemont SA Series A	714,744		27,895
Credit Suisse Group (Reg.)	644,315		29,209
Kuehne & Nagel International AG	197,400		21,170
Nestle SA	3,258,719		161,129
Novartis AG	1,659,394		80,680
Partners Group Holding	176,756		24,947
Roche Holding AG (participation certificate)	310,503		40,395
Sonova Holding AG Class B	552,577		67,059
Swiss Reinsurance Co.	886,145		40,821
The Swatch Group AG (Bearer)	79,320		24,568
Common Stocks - continued
	Shares		Value (000s)
Switzerland - continued
UBS AG (a)	1,427,600		$ 24,237
Zurich Financial Services AG	259,686		60,636
TOTAL SWITZERLAND			616,201
Taiwan - 0.7%
Hon Hai Precision Industry Co. Ltd. (Foxconn)	5,828,200		23,504
HTC Corp.	2,369,850		43,563
TOTAL TAIWAN			67,067
Thailand - 0.4%
Bangkok Bank Ltd. PCL (For. Reg.)	8,599,400		36,961
Turkey - 0.3%
Turkiye Garanti Bankasi AS	5,207,000		26,945
United Kingdom - 22.3%
Aberdeen Asset Management PLC	16,366,626		36,040
Aegis Group PLC	7,593,391		13,958
Anglo American PLC (United Kingdom)	1,394,300		55,206
AstraZeneca PLC (United Kingdom)	1,328,816		66,595
Barclays PLC	20,882,010		108,102
BG Group PLC	2,336,838		37,439
BHP Billiton PLC	5,563,660		170,359
BlueBay Asset Management	1,558,800		6,870
BP PLC	22,952,900		146,716
British American Tobacco PLC (United Kingdom)	2,281,500		78,457
British Land Co. PLC	2,363,434		17,118
Britvic PLC	4,162,200		31,334
Burberry Group PLC	2,467,400		32,565
Carphone Warehouse Group PLC (a)	14,631,765		52,781
Centrica PLC	9,004,500		42,919
Cookson Group PLC (a)	1,543,760		10,750
HSBC Holdings PLC (United Kingdom)	19,204,368		195,203
IG Group Holdings PLC	5,301,405		39,395
Imperial Tobacco Group PLC	2,318,276		65,593
InterContinental Hotel Group PLC	2,118,900		36,709
International Personal Finance PLC	9,709,188		36,958
Johnson Matthey PLC	764,800		20,284
Legal & General Group PLC	18,411,796		25,859
Lloyds TSB Group PLC (a)	51,123,064		55,152
Ocado Group PLC (a)(f)	14,388,400		37,687
Reckitt Benckiser Group PLC	1,459,731		71,545
Rio Tinto PLC	1,611,844		83,382
Royal Dutch Shell PLC Class B	6,609,874		174,545
Common Stocks - continued
	Shares		Value (000s)
United Kingdom - continued
SABMiller PLC	1,216,300		$ 36,894
Schroders PLC	1,580,800		31,934
Serco Group PLC	4,842,766		42,041
Standard Chartered PLC (United Kingdom)	1,815,710		52,456
TalkTalk Telecom Group PLC (a)	22,924,592		44,045
Ultra Electronics Holdings PLC	614,667		15,560
Vodafone Group PLC	40,487,043		94,358
Wolseley PLC (a)	1,433,164		32,323
TOTAL UNITED KINGDOM			2,099,132
United States of America - 2.5%
AsiaInfo Holdings, Inc. (a)	717,700		14,641
Central European Distribution Corp. (a)	563,800		14,698
Cisco Systems, Inc. (a)	1,246,100		28,748
Citigroup, Inc. (a)	6,844,300		28,062
NII Holdings, Inc. (a)	1,859,400		69,653
Regal-Beloit Corp.	403,300		24,533
Virgin Media, Inc.	2,508,700		54,012
TOTAL UNITED STATES OF AMERICA			234,347
TOTAL COMMON STOCKS (Cost $8,908,357)		9,276,568
Nonconvertible Preferred Stocks - 0.3%

Germany - 0.1%
ProSiebenSat.1 Media AG	783,800		13,730
Italy - 0.2%
Intesa Sanpaolo SpA	6,681,302		17,373
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $48,126)		31,103
Money Market Funds - 2.5%
	Shares		Value (000s)
Fidelity Cash Central Fund, 0.24% (b)	96,584,111		$ 96,584
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	134,003,015		134,003
TOTAL MONEY MARKET FUNDS (Cost $230,587)		230,587
TOTAL INVESTMENT PORTFOLIO - 101.5% (Cost $9,187,070)			9,538,258
NET OTHER ASSETS (LIABILITIES) - (1.5)%			(138,891)
NET ASSETS - 100%		$ 9,399,367

Legend

(a) Non-income producing

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

(e) Affiliated company

Other Affiliated Issuers

Affiliate (Amounts in thousands)	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Aisi Realty Public Ltd.	$ 1,243	$ -	$ -	$ -	$ 892
Total	$ 1,243	$ -	$ -	$ -	$ 892

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	$ 90
Fidelity Securities Lending Cash Central Fund	5,535
Total	$ 5,625

Other Information

The following is a summary of the inputs used, as of July 31, 2010, involving the Fund's assets and liabilities carried at fair 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 (Amounts in thousands)	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
United Kingdom	$ 2,099,132	$ 889,554	$ 1,209,578	$ -
Japan	1,600,072	1,247,375	352,697	-
France	793,833	698,743	95,090	-
Switzerland	616,201	482,075	134,126	-
Germany	569,868	569,868	-	-
Netherlands	316,324	129,472	186,852	-
Spain	301,316	158,760	142,556	-
Australia	255,382	255,382	-	-
United States of America	234,347	234,347	-	-
Other	2,521,196	2,187,967	333,229	-
Money Market Funds	230,587	230,587	-	-
Total Investments in Securities:	$ 9,538,258	$ 7,084,130	$ 2,454,128	$ -

Income Tax Information

At July 31, 2010, the cost of investment securities for income tax purposes was $9,312,644,000. Net unrealized appreciation aggregated $225,614,000, of which $1,075,368,000 related to appreciated investment securities and $849,754,000 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 and are categorized as Level 1 in the hierarchy. 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 or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in significant transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Quarterly Report

Quarterly Holdings Report

for

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

July 31, 2010

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

1.834739.104

AIGI-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.7%
	Shares		Value (000s)
Australia - 2.7%
Australia & New Zealand Banking Group Ltd.	2,804,947		$ 58,502
Commonwealth Bank of Australia	1,350,216		64,215
JB Hi-Fi Ltd.	1,401,880		24,279
Macquarie Group Ltd.	1,491,728		50,212
Wesfarmers Ltd.	1,132,580		31,861
Westfield Group unit	2,381,694		26,313
TOTAL AUSTRALIA			255,382
Bailiwick of Jersey - 1.3%
Experian PLC	3,793,400		37,334
Informa PLC	6,087,479		37,465
Shire PLC	2,085,900		47,688
TOTAL BAILIWICK OF JERSEY			122,487
Belgium - 1.6%
Anheuser-Busch InBev SA NV	2,433,612		128,888
Delhaize Group SA	310,400		22,921
TOTAL BELGIUM			151,809
Bermuda - 1.2%
Huabao International Holdings Ltd.	31,538,000		40,684
Li & Fung Ltd.	4,808,000		22,036
Noble Group Ltd.	27,314,364		33,141
Signet Jewelers Ltd. (a)	436,500		12,995
TOTAL BERMUDA			108,856
British Virgin Islands - 0.3%
Playtech Ltd. (d)	3,758,978		26,088
Canada - 1.5%
InterOil Corp. (a)(d)	247,600		14,856
Niko Resources Ltd.	498,400		53,760
Open Text Corp. (a)	972,400		38,491
Petrobank Energy & Resources Ltd. (a)	813,500		33,515
TOTAL CANADA			140,622
Cayman Islands - 1.6%
Alibaba.com Ltd.	8,783,000		18,160
BaWang International (Group) Holding Ltd. (d)	32,317,000		19,721
Belle International Holdings Ltd.	8,980,000		13,850
Bosideng International Holdings Ltd.	56,750,000		17,535
Ctrip.com International Ltd. sponsored ADR (a)	505,000		20,331
Eurasia Drilling Co. Ltd. GDR (f)	257,900		5,287
Hengdeli Holdings Ltd.	77,684,000		35,604
Common Stocks - continued
	Shares		Value (000s)
Cayman Islands - continued
Peak Sport Products Co. Ltd. (d)	9,636,000		$ 6,749
Shenguan Holdings Group Ltd.	11,272,000		10,274
TOTAL CAYMAN ISLANDS			147,511
China - 0.9%
Baidu.com, Inc. sponsored ADR (a)	528,000		42,984
Comba Telecom Systems Holdings Ltd. (d)	6,822,200		7,026
ZTE Corp. (H Shares) (d)	9,862,296		31,552
TOTAL CHINA			81,562
Cyprus - 0.0%
Aisi Realty Public Ltd. (a)(e)	21,633,000		892
Denmark - 2.3%
Carlsberg AS Series B	348,600		30,915
Novo Nordisk AS Series B	1,352,819		115,772
William Demant Holding AS (a)	1,001,500		73,400
TOTAL DENMARK			220,087
France - 8.4%
Atos Origin SA (a)	1,240,983		53,294
AXA SA	2,521,066		46,478
BNP Paribas SA	1,015,066		69,735
Carrefour SA	621,367		28,608
Compagnie Generale de Geophysique SA (a)	1,085,600		20,959
Danone	636,800		35,722
Essilor International SA	411,554		25,747
GDF Suez	895,600		29,754
Iliad Group SA (d)	509,521		44,859
LVMH Moet Hennessy - Louis Vuitton	490,711		59,876
Pernod-Ricard SA	388,925		30,445
PPR SA	649,900		86,949
Sanofi-Aventis	1,275,005		74,131
Schneider Electric SA	607,569		70,081
Societe Generale Series A	1,212,363		69,897
Unibail-Rodamco	118,400		23,364
Vallourec SA	245,800		23,934
TOTAL FRANCE			793,833
Germany - 5.9%
BASF AG	625,119		36,509
Bayerische Motoren Werke AG (BMW)	1,875,773		100,994
Deutsche Bank AG	603,882		42,187
Common Stocks - continued
	Shares		Value (000s)
Germany - continued
Deutsche Boerse AG	645,625		$ 45,204
GEA Group AG	2,094,883		47,413
HeidelbergCement AG	1,286,567		64,802
Kabel Deutschland Holding AG	745,100		23,501
MAN SE	293,246		27,224
Metro AG	439,200		24,383
Munich Re Group	248,025		34,363
Siemens AG	1,123,927		109,558
TOTAL GERMANY			556,138
Greece - 0.3%
Coca-Cola Hellenic Bottling Co. SA	1,086,700		25,631
Hong Kong - 0.9%
BYD Electronic International Co. Ltd.	20,411,500		11,378
Henderson Land Development Co. Ltd.	3,738,000		23,268
Techtronic Industries Co. Ltd.	65,201,500		53,806
TOTAL HONG KONG			88,452
India - 1.9%
Adani Enterprises Ltd.	1,982,014		24,948
Housing Development Finance Corp. Ltd.	301,385		19,413
IndusInd Bank Ltd.	2,074,982		9,137
Infrastructure Development Finance Co. Ltd.	3,122,908		12,519
Larsen & Toubro Ltd.	807,972		31,255
LIC Housing Finance Ltd.	1,016,860		24,912
Reliance Industries Ltd.	903,416		19,664
Rural Electrification Corp. Ltd.	2,750,582		18,697
State Bank of India	217,944		11,760
Titan Industries Ltd.	160,588		9,714
TOTAL INDIA			182,019
Indonesia - 0.4%
PT XL Axiata Tbk (a)	78,512,500		41,715
Ireland - 1.5%
Bank of Ireland (a)	5,824,700		6,306
CRH PLC	1,570,261		32,742
Ingersoll-Rand Co. Ltd.	731,600		27,406
James Hardie Industries NV unit (a)	5,640,496		33,226
Paddy Power PLC (Ireland)	1,018,297		37,002
TOTAL IRELAND			136,682
Common Stocks - continued
	Shares		Value (000s)
Israel - 0.7%
Israel Chemicals Ltd.	1,513,500		$ 18,833
Teva Pharmaceutical Industries Ltd. sponsored ADR	1,060,700		51,815
TOTAL ISRAEL			70,648
Italy - 1.0%
Intesa Sanpaolo SpA	5,602,109		18,546
Prysmian SpA	964,200		16,312
Saipem SpA	1,697,063		61,048
TOTAL ITALY			95,906
Japan - 17.0%
ABC-Mart, Inc.	1,256,700		40,860
Asics Corp.	2,858,000		28,241
Canon, Inc.	1,694,250		73,362
Denso Corp.	1,627,300		46,640
Don Quijote Co. Ltd.	627,600		16,339
Fast Retailing Co. Ltd.	89,100		13,330
Goldcrest Co. Ltd.	437,930		8,949
GREE, Inc.	194,500		15,956
Honda Motor Co. Ltd.	1,791,100		56,648
JSR Corp.	2,355,500		41,264
Keyence Corp.	286,200		65,900
Konica Minolta Holdings, Inc.	3,505,500		36,911
Mazda Motor Corp.	21,208,000		51,287
Misumi Group, Inc.	825,300		15,871
Mitsubishi Corp.	2,042,800		44,177
Mitsubishi UFJ Financial Group, Inc.	20,372,800		100,891
Mitsui & Co. Ltd.	2,301,400		29,505
Mizuho Financial Group, Inc.	19,827,700		32,130
NHK Spring Co. Ltd.	1,257,000		11,548
Nichi-iko Pharmaceutical Co. Ltd.	742,500		26,762
Nintendo Co. Ltd.	88,400		24,712
Nippon Electric Glass Co. Ltd.	2,040,000		25,988
Nitori Co. Ltd.	95,350		8,219
NSK Ltd.	5,663,000		40,298
Omron Corp.	3,471,500		83,710
ORIX Corp.	1,247,770		98,176
Rakuten, Inc.	82,574		63,250
Ricoh Co. Ltd.	4,142,000		57,367
Sawai Pharmaceutical Co. Ltd.	160,300		14,245
Shin-Etsu Chemical Co., Ltd.	706,000		35,167
SMC Corp.	353,700		46,819
Common Stocks - continued
	Shares		Value (000s)
Japan - continued
SOFTBANK CORP.	3,470,500		$ 103,804
Sony Corp.	1,270,700		39,741
Sony Financial Holdings, Inc.	7,099		25,751
Start Today Co. Ltd.	1,930		5,969
Sumitomo Mitsui Financial Group, Inc.	2,014,000		62,360
THK Co. Ltd.	1,280,600		25,293
Tokyo Electron Ltd.	609,200		32,707
Toyota Motor Corp.	1,422,700		49,925
TOTAL JAPAN			1,600,072
Korea (South) - 1.7%
Kia Motors Corp.	912,890		23,850
NCsoft Corp.	149,607		23,780
NHN Corp. (a)	123,150		19,158
Samsung Electronics Co. Ltd.	65,919		45,144
Shinhan Financial Group Co. Ltd.	1,073,070		44,059
TOTAL KOREA (SOUTH)			155,991
Luxembourg - 0.3%
Millicom International Cellular SA	282,400		26,325
Mexico - 0.8%
Grupo Modelo SAB de CV Series C	7,255,400		39,382
Wal-Mart de Mexico SA de CV Series V	15,353,800		35,660
TOTAL MEXICO			75,042
Netherlands - 3.4%
Aegon NV (a)	4,144,300		24,897
ASML Holding NV (Netherlands)	988,400		31,728
Gemalto NV (d)	851,198		34,946
ING Groep NV (Certificaten Van Aandelen) unit (a)	2,749,300		26,370
Koninklijke Ahold NV	4,205,006		53,984
Koninklijke Philips Electronics NV	3,340,338		103,857
Randstad Holdings NV (a)	229,781		10,323
Wolters Kluwer NV (Certificaten Van Aandelen)	1,497,800		30,219
TOTAL NETHERLANDS			316,324
Norway - 1.2%
Aker Solutions ASA	1,903,800		24,685
DnB NOR ASA	3,698,155		45,942
Pronova BioPharma ASA (a)(d)	5,996,949		14,712
Yara International ASA	620,300		23,388
TOTAL NORWAY			108,727
Common Stocks - continued
	Shares		Value (000s)
Singapore - 0.3%
K-Green Trust (a)	859,000		$ 726
Keppel Corp. Ltd.	4,295,000		29,499
TOTAL SINGAPORE			30,225
South Africa - 2.0%
African Rainbow Minerals Ltd.	607,700		14,250
AngloGold Ashanti Ltd. sponsored ADR	602,100		24,397
Clicks Group Ltd.	8,685,101		43,043
Mr. Price Group Ltd.	3,702,400		25,627
Sanlam Ltd.	7,188,000		24,655
Standard Bank Group Ltd.	1,349,000		20,991
Woolworths Holdings Ltd.	10,113,976		36,037
TOTAL SOUTH AFRICA			189,000
Spain - 3.2%
Antena 3 Television SA	2,176,200		15,855
Banco Bilbao Vizcaya Argentaria SA	4,277,947		57,376
Banco Santander SA (d)	8,970,366		116,553
Inditex SA	398,393		26,352
Telefonica SA	3,760,883		85,180
TOTAL SPAIN			301,316
Sweden - 1.6%
Elekta AB (B Shares)	2,525,000		73,217
H&M Hennes & Mauritz AB (B Shares)	788,566		24,843
Modern Times Group MTG AB (B Shares)	597,600		37,472
Skandinaviska Enskilda Banken AB (A Shares)	1,603,800		11,041
TOTAL SWEDEN			146,573
Switzerland - 6.6%
Adecco SA (Reg.)	243,346		12,406
BB BIOTECH AG	19,511		1,049
Compagnie Financiere Richemont SA Series A	714,744		27,895
Credit Suisse Group (Reg.)	644,315		29,209
Kuehne & Nagel International AG	197,400		21,170
Nestle SA	3,258,719		161,129
Novartis AG	1,659,394		80,680
Partners Group Holding	176,756		24,947
Roche Holding AG (participation certificate)	310,503		40,395
Sonova Holding AG Class B	552,577		67,059
Swiss Reinsurance Co.	886,145		40,821
The Swatch Group AG (Bearer)	79,320		24,568
Common Stocks - continued
	Shares		Value (000s)
Switzerland - continued
UBS AG (a)	1,427,600		$ 24,237
Zurich Financial Services AG	259,686		60,636
TOTAL SWITZERLAND			616,201
Taiwan - 0.7%
Hon Hai Precision Industry Co. Ltd. (Foxconn)	5,828,200		23,504
HTC Corp.	2,369,850		43,563
TOTAL TAIWAN			67,067
Thailand - 0.4%
Bangkok Bank Ltd. PCL (For. Reg.)	8,599,400		36,961
Turkey - 0.3%
Turkiye Garanti Bankasi AS	5,207,000		26,945
United Kingdom - 22.3%
Aberdeen Asset Management PLC	16,366,626		36,040
Aegis Group PLC	7,593,391		13,958
Anglo American PLC (United Kingdom)	1,394,300		55,206
AstraZeneca PLC (United Kingdom)	1,328,816		66,595
Barclays PLC	20,882,010		108,102
BG Group PLC	2,336,838		37,439
BHP Billiton PLC	5,563,660		170,359
BlueBay Asset Management	1,558,800		6,870
BP PLC	22,952,900		146,716
British American Tobacco PLC (United Kingdom)	2,281,500		78,457
British Land Co. PLC	2,363,434		17,118
Britvic PLC	4,162,200		31,334
Burberry Group PLC	2,467,400		32,565
Carphone Warehouse Group PLC (a)	14,631,765		52,781
Centrica PLC	9,004,500		42,919
Cookson Group PLC (a)	1,543,760		10,750
HSBC Holdings PLC (United Kingdom)	19,204,368		195,203
IG Group Holdings PLC	5,301,405		39,395
Imperial Tobacco Group PLC	2,318,276		65,593
InterContinental Hotel Group PLC	2,118,900		36,709
International Personal Finance PLC	9,709,188		36,958
Johnson Matthey PLC	764,800		20,284
Legal & General Group PLC	18,411,796		25,859
Lloyds TSB Group PLC (a)	51,123,064		55,152
Ocado Group PLC (a)(f)	14,388,400		37,687
Reckitt Benckiser Group PLC	1,459,731		71,545
Rio Tinto PLC	1,611,844		83,382
Royal Dutch Shell PLC Class B	6,609,874		174,545
Common Stocks - continued
	Shares		Value (000s)
United Kingdom - continued
SABMiller PLC	1,216,300		$ 36,894
Schroders PLC	1,580,800		31,934
Serco Group PLC	4,842,766		42,041
Standard Chartered PLC (United Kingdom)	1,815,710		52,456
TalkTalk Telecom Group PLC (a)	22,924,592		44,045
Ultra Electronics Holdings PLC	614,667		15,560
Vodafone Group PLC	40,487,043		94,358
Wolseley PLC (a)	1,433,164		32,323
TOTAL UNITED KINGDOM			2,099,132
United States of America - 2.5%
AsiaInfo Holdings, Inc. (a)	717,700		14,641
Central European Distribution Corp. (a)	563,800		14,698
Cisco Systems, Inc. (a)	1,246,100		28,748
Citigroup, Inc. (a)	6,844,300		28,062
NII Holdings, Inc. (a)	1,859,400		69,653
Regal-Beloit Corp.	403,300		24,533
Virgin Media, Inc.	2,508,700		54,012
TOTAL UNITED STATES OF AMERICA			234,347
TOTAL COMMON STOCKS (Cost $8,908,357)		9,276,568
Nonconvertible Preferred Stocks - 0.3%

Germany - 0.1%
ProSiebenSat.1 Media AG	783,800		13,730
Italy - 0.2%
Intesa Sanpaolo SpA	6,681,302		17,373
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $48,126)		31,103
Money Market Funds - 2.5%
	Shares		Value (000s)
Fidelity Cash Central Fund, 0.24% (b)	96,584,111		$ 96,584
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	134,003,015		134,003
TOTAL MONEY MARKET FUNDS (Cost $230,587)		230,587
TOTAL INVESTMENT PORTFOLIO - 101.5% (Cost $9,187,070)			9,538,258
NET OTHER ASSETS (LIABILITIES) - (1.5)%			(138,891)
NET ASSETS - 100%		$ 9,399,367

Legend

(a) Non-income producing

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

(e) Affiliated company

Other Affiliated Issuers

Affiliate (Amounts in thousands)	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Aisi Realty Public Ltd.	$ 1,243	$ -	$ -	$ -	$ 892
Total	$ 1,243	$ -	$ -	$ -	$ 892

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	$ 90
Fidelity Securities Lending Cash Central Fund	5,535
Total	$ 5,625

Other Information

The following is a summary of the inputs used, as of July 31, 2010, involving the Fund's assets and liabilities carried at fair 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 (Amounts in thousands)	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
United Kingdom	$ 2,099,132	$ 889,554	$ 1,209,578	$ -
Japan	1,600,072	1,247,375	352,697	-
France	793,833	698,743	95,090	-
Switzerland	616,201	482,075	134,126	-
Germany	569,868	569,868	-	-
Netherlands	316,324	129,472	186,852	-
Spain	301,316	158,760	142,556	-
Australia	255,382	255,382	-	-
United States of America	234,347	234,347	-	-
Other	2,521,196	2,187,967	333,229	-
Money Market Funds	230,587	230,587	-	-
Total Investments in Securities:	$ 9,538,258	$ 7,084,130	$ 2,454,128	$ -

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 and are categorized as Level 1 in the hierarchy. 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 or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in significant transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Quarterly Report

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® International Growth Fund

July 31, 2010

1.863103.102

IGF-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.2%
	Shares		Value
Australia - 3.9%
CSL Ltd.	6,334		$ 189,936
Leighton Holdings Ltd.	8,363		223,159
MAp Group unit	46,718		125,127
OZ Minerals Ltd. (a)	121,032		134,704
Woolworths Ltd.	13,592		317,184
Worleyparsons Ltd.	3,864		80,905
TOTAL AUSTRALIA			1,071,015
Austria - 0.5%
Andritz AG	2,100		131,720
Bailiwick of Guernsey - 0.2%
Resolution Ltd.	2,438		9,112
Resolution Ltd. rights 8/5/10 (a)	41,455		56,566
TOTAL BAILIWICK OF GUERNSEY			65,678
Bailiwick of Jersey - 1.0%
Informa PLC	20,948		128,922
Randgold Resources Ltd. sponsored ADR	1,535		137,966
TOTAL BAILIWICK OF JERSEY			266,888
Belgium - 3.3%
Anheuser-Busch InBev SA NV	14,186		751,314
Anheuser-Busch InBev SA NV (strip VVPR) (a)	6,400		25
Umicore SA	4,303		145,143
TOTAL BELGIUM			896,482
Bermuda - 1.1%
Lazard Ltd. Class A	3,100		91,977
Seadrill Ltd. (d)	5,800		134,651
Trinity Ltd.	96,000		61,672
TOTAL BERMUDA			288,300
Brazil - 3.9%
Banco ABC Brasil SA	18,000		142,383
BM&F BOVESPA SA	29,500		218,084
BR Malls Participacoes SA	8,200		123,291
Braskem SA Class A sponsored ADR (d)	11,800		180,304
Fibria Celulose SA sponsored ADR (a)(d)	5,903		92,677
Iguatemi Empresa de Shopping Centers SA	2,800		55,666
Itau Unibanco Banco Multiplo SA ADR	5,930		132,773
Common Stocks - continued
	Shares		Value
Brazil - continued
Multiplan Empreendimentos Imobiliarios SA	3,300		$ 62,491
Vale SA sponsored ADR (a)	2,300		63,940
TOTAL BRAZIL			1,071,609
Canada - 2.8%
Agnico-Eagle Mines Ltd. (Canada)	2,100		117,324
Fairfax Financial Holdings Ltd. (sub. vtg.)	230		91,624
Goldcorp, Inc.	1,500		58,806
Niko Resources Ltd.	2,300		248,090
Open Text Corp. (a)	2,500		98,959
Pan American Silver Corp.	2,600		59,696
Petrobank Energy & Resources Ltd. (a)	2,400		98,876
TOTAL CANADA			773,375
Cayman Islands - 0.5%
China Lilang Ltd.	56,000		61,930
Wynn Macau Ltd.	50,000		85,098
TOTAL CAYMAN ISLANDS			147,028
Chile - 0.4%
Banco Santander Chile sponsored ADR	1,300		107,913
China - 0.6%
Baidu.com, Inc. sponsored ADR (a)	1,880		153,051
Denmark - 2.3%
Novo Nordisk AS Series B sponsored ADR	5,600		481,768
William Demant Holding AS (a)	2,000		146,580
TOTAL DENMARK			628,348
Finland - 1.6%
Metso Corp.	3,300		130,150
Nokian Tyres PLC (d)	5,800		162,755
Outotec OYJ	4,100		145,189
TOTAL FINLAND			438,094
France - 2.4%
Danone	6,252		350,713
Remy Cointreau SA	2,056		112,386
Safran SA	7,000		188,947
TOTAL FRANCE			652,046
Germany - 3.6%
E.ON AG	1,789		53,384
Common Stocks - continued
	Shares		Value
Germany - continued
Linde AG	2,919		$ 342,213
MAN SE	1,425		132,294
Siemens AG sponsored ADR	4,800		467,472
TOTAL GERMANY			995,363
Hong Kong - 1.2%
Hong Kong Exchanges and Clearing Ltd.	20,300		333,738
Ireland - 1.1%
CRH PLC sponsored ADR (d)	8,600		180,858
James Hardie Industries NV sponsored ADR (a)	4,200		122,850
TOTAL IRELAND			303,708
Italy - 1.7%
Azimut Holdings SpA	14,115		141,471
Fiat SpA	15,800		202,428
Saipem SpA	3,135		112,774
TOTAL ITALY			456,673
Japan - 8.9%
Autobacs Seven Co. Ltd.	3,800		141,360
Denso Corp.	7,200		206,357
East Japan Railway Co.	3,400		219,126
Fanuc Ltd.	2,600		307,156
Fast Retailing Co. Ltd.	1,000		149,609
Japan Steel Works Ltd.	14,000		135,100
Keyence Corp.	920		211,837
Kobayashi Pharmaceutical Co. Ltd.	3,500		147,614
MS&AD Insurance Group Holdings, Inc.	4,400		97,800
Nippon Thompson Co. Ltd.	16,000		105,710
Osaka Securities Exchange Co. Ltd.	24		119,410
Shiseido Co. Ltd.	8,000		179,022
SHO-BOND Holdings Co. Ltd.	2,800		59,742
USS Co. Ltd.	2,790		209,835
Yamato Kogyo Co. Ltd.	5,500		134,151
TOTAL JAPAN			2,423,829
Korea (South) - 0.8%
NHN Corp. (a)	1,412		219,664
Luxembourg - 0.2%
ArcelorMittal SA Class A unit	1,700		52,190
Common Stocks - continued
	Shares		Value
Mexico - 1.2%
Cemex SA de CV sponsored ADR	5,021		$ 47,398
Wal-Mart de Mexico SA de CV Series V	119,600		277,779
TOTAL MEXICO			325,177
Netherlands - 2.3%
ASM International NV unit (a)	6,500		165,360
ASML Holding NV	6,400		206,016
Koninklijke KPN NV	9,536		132,739
QIAGEN NV (a)	6,300		117,936
TOTAL NETHERLANDS			622,051
Papua New Guinea - 0.7%
Lihir Gold Ltd. sponsored ADR	5,000		185,200
Peru - 0.2%
Compania de Minas Buenaventura SA sponsored ADR	1,600		61,776
Portugal - 0.4%
Jeronimo Martins SGPS SA	10,375		113,384
Singapore - 1.4%
City Developments Ltd.	9,000		80,079
Singapore Exchange Ltd.	42,000		236,576
Wing Tai Holdings Ltd.	44,000		58,240
TOTAL SINGAPORE			374,895
South Africa - 2.2%
African Rainbow Minerals Ltd.	7,939		186,168
Clicks Group Ltd.	27,620		136,883
JSE Ltd.	12,500		121,670
Mr. Price Group Ltd.	21,300		147,435
TOTAL SOUTH AFRICA			592,156
Spain - 1.2%
Inditex SA	3,299		218,212
Prosegur Compania de Seguridad SA (Reg.)	2,200		108,186
TOTAL SPAIN			326,398
Sweden - 1.5%
H&M Hennes & Mauritz AB (B Shares)	10,224		322,103
Swedish Match Co.	3,500		82,675
TOTAL SWEDEN			404,778
Switzerland - 12.2%
Actelion Ltd. (a)	1,896		76,692
Common Stocks - continued
	Shares		Value
Switzerland - continued
Credit Suisse Group sponsored ADR	3,300		$ 149,721
Nestle SA	24,258		1,199,449
Novartis AG sponsored ADR (d)	9,400		458,156
Roche Holding AG (participation certificate)	4,726		614,827
Sonova Holding AG Class B	3,120		378,636
The Swatch Group AG:
(Bearer)	760		235,395
(Reg.)	228		12,817
UBS AG (a)(d)	4,123		69,999
UBS AG (NY Shares) (a)	7,300		123,881
TOTAL SWITZERLAND			3,319,573
Turkey - 2.1%
Anadolu Efes Biracilik ve Malt Sanayiive Malt Sanayii SA	7,800		98,322
Asya Katilim Bankasi AS	48,000		119,737
Coca-Cola Icecek AS	10,000		104,160
Turkiye Garanti Bankasi AS	48,500		250,979
TOTAL TURKEY			573,198
United Kingdom - 19.3%
Anglo American PLC:
ADR (a)	8,300		164,340
(United Kingdom)	800		31,675
Babcock International Group PLC	17,000		147,712
BAE Systems PLC	30,300		148,460
Bellway PLC	6,200		56,351
BG Group PLC	33,424		535,493
BHP Billiton PLC ADR	16,600		1,021,564
Cobham PLC	24,900		92,751
GlaxoSmithKline PLC sponsored ADR	7,000		246,190
Imperial Tobacco Group PLC	3,782		107,008
InterContinental Hotel Group PLC ADR	11,600		201,840
Johnson Matthey PLC	5,824		154,462
Mothercare PLC	6,900		56,491
Reckitt Benckiser Group PLC	6,045		296,281
Rio Tinto PLC	4,235		219,081
Rio Tinto PLC sponsored ADR	8,100		420,552
Serco Group PLC	29,103		252,646
Shaftesbury PLC	18,333		115,014
Standard Chartered PLC (United Kingdom)	17,331		500,691
Tesco PLC	61,453		376,520
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Unite Group PLC (a)	18,800		$ 55,935
Victrex PLC	3,600		68,884
TOTAL UNITED KINGDOM			5,269,941
United States of America - 9.5%
Allergan, Inc.	1,800		109,908
Autoliv, Inc.	4,300		246,992
Berkshire Hathaway, Inc. Class B (a)	2,000		156,240
Cymer, Inc. (a)	1,900		63,232
ION Geophysical Corp. (a)	14,800		64,972
JPMorgan Chase & Co.	2,618		105,453
Juniper Networks, Inc. (a)	16,800		466,704
Martin Marietta Materials, Inc.	600		51,240
Mead Johnson Nutrition Co. Class A	3,800		201,932
Mohawk Industries, Inc. (a)	2,800		137,004
Philip Morris International, Inc.	2,700		137,808
ResMed, Inc. (a)	2,100		137,949
Union Pacific Corp.	2,600		194,142
Visa, Inc. Class A	7,000		513,450
TOTAL UNITED STATES OF AMERICA			2,587,026
TOTAL COMMON STOCKS (Cost $24,813,648)		26,232,265
Investment Companies - 2.1%

United States of America - 2.1%
iShares MSCI EAFE Growth Index ETF (Cost $537,041)	10,500		556,395
Money Market Funds - 3.7%

Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c) (Cost $995,978)	995,978		995,978
Cash Equivalents - 1.4%
	Maturity Amount		Value
Investments in repurchase agreements in a joint trading account at 0.21%, dated 7/30/10 due 8/2/10 (Collateralized by U.S. Treasury Obligations) # (Cost $390,000)	$ 390,007		$ 390,000
TOTAL INVESTMENT PORTFOLIO - 103.4% (Cost $26,736,667)			28,174,638
NET OTHER ASSETS (LIABILITIES) - (3.4)%			(917,495)
NET ASSETS - 100%		$ 27,257,143

Security Abbreviations
ETF	-	Exchange-Traded Funds

Legend

(a) Non-income producing

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

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

Repurchase Agreement / Counterparty	Value
$390,000 due 8/02/10 at 0.21%
BNP Paribas Securities Corp.	$ 86,351
Bank of America NA	54,486
Barclays Capital, Inc.	88,084
Credit Agricole Securities (USA) Inc.	18,162
Credit Suisse Securities (USA) LLC	23,351
Deutsche Bank Securities, Inc.	9,081
ING Financial Markets LLC	9,081
Mizuho Securities USA, Inc.	18,162
Morgan Stanley & Co., Inc.	18,162
RBC Capital Markets Corp.	17,859
RBS Securities, Inc.	18,162
Societe Generale, New York Branch	27,243
Wells Fargo Securities LLC	1,816
	$ 390,000

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	$ 11,231

Other Information

The following is a summary of the inputs used, as of July 31, 2010, involving the Fund's assets and liabilities carried at fair 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:
United Kingdom	$ 5,269,941	$ 5,050,860	$ 219,081	$ -
Switzerland	3,319,573	3,249,574	69,999	-
United States of America	2,587,026	2,587,026	-	-
Japan	2,423,829	2,423,829	-	-
Brazil	1,071,609	1,071,609	-	-
Australia	1,071,015	1,071,015	-	-
Germany	995,363	995,363	-	-
Belgium	896,482	896,482	-	-
Canada	773,375	773,375	-	-
Other	7,824,052	7,824,052	-	-
Investment Companies	556,395	556,395	-	-
Money Market Funds	995,978	995,978	-	-
Cash Equivalents	390,000	-	390,000	-
Total Investments in Securities:	$ 28,174,638	$ 27,495,558	$ 679,080	$ -

Income Tax Information

At July 31, 2010, the cost of investment securities for income tax purposes was $27,279,061. Net unrealized appreciation aggregated $895,577, of which $2,635,745 related to appreciated investment securities and $1,740,168 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 and are categorized as Level 1 in the hierarchy. 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 or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in significant transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Quarterly Report

Quarterly Holdings Report

for

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

July 31, 2010

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

1.863095.102

AIGF-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.2%
	Shares		Value
Australia - 3.9%
CSL Ltd.	6,334		$ 189,936
Leighton Holdings Ltd.	8,363		223,159
MAp Group unit	46,718		125,127
OZ Minerals Ltd. (a)	121,032		134,704
Woolworths Ltd.	13,592		317,184
Worleyparsons Ltd.	3,864		80,905
TOTAL AUSTRALIA			1,071,015
Austria - 0.5%
Andritz AG	2,100		131,720
Bailiwick of Guernsey - 0.2%
Resolution Ltd.	2,438		9,112
Resolution Ltd. rights 8/5/10 (a)	41,455		56,566
TOTAL BAILIWICK OF GUERNSEY			65,678
Bailiwick of Jersey - 1.0%
Informa PLC	20,948		128,922
Randgold Resources Ltd. sponsored ADR	1,535		137,966
TOTAL BAILIWICK OF JERSEY			266,888
Belgium - 3.3%
Anheuser-Busch InBev SA NV	14,186		751,314
Anheuser-Busch InBev SA NV (strip VVPR) (a)	6,400		25
Umicore SA	4,303		145,143
TOTAL BELGIUM			896,482
Bermuda - 1.1%
Lazard Ltd. Class A	3,100		91,977
Seadrill Ltd. (d)	5,800		134,651
Trinity Ltd.	96,000		61,672
TOTAL BERMUDA			288,300
Brazil - 3.9%
Banco ABC Brasil SA	18,000		142,383
BM&F BOVESPA SA	29,500		218,084
BR Malls Participacoes SA	8,200		123,291
Braskem SA Class A sponsored ADR (d)	11,800		180,304
Fibria Celulose SA sponsored ADR (a)(d)	5,903		92,677
Iguatemi Empresa de Shopping Centers SA	2,800		55,666
Itau Unibanco Banco Multiplo SA ADR	5,930		132,773
Common Stocks - continued
	Shares		Value
Brazil - continued
Multiplan Empreendimentos Imobiliarios SA	3,300		$ 62,491
Vale SA sponsored ADR (a)	2,300		63,940
TOTAL BRAZIL			1,071,609
Canada - 2.8%
Agnico-Eagle Mines Ltd. (Canada)	2,100		117,324
Fairfax Financial Holdings Ltd. (sub. vtg.)	230		91,624
Goldcorp, Inc.	1,500		58,806
Niko Resources Ltd.	2,300		248,090
Open Text Corp. (a)	2,500		98,959
Pan American Silver Corp.	2,600		59,696
Petrobank Energy & Resources Ltd. (a)	2,400		98,876
TOTAL CANADA			773,375
Cayman Islands - 0.5%
China Lilang Ltd.	56,000		61,930
Wynn Macau Ltd.	50,000		85,098
TOTAL CAYMAN ISLANDS			147,028
Chile - 0.4%
Banco Santander Chile sponsored ADR	1,300		107,913
China - 0.6%
Baidu.com, Inc. sponsored ADR (a)	1,880		153,051
Denmark - 2.3%
Novo Nordisk AS Series B sponsored ADR	5,600		481,768
William Demant Holding AS (a)	2,000		146,580
TOTAL DENMARK			628,348
Finland - 1.6%
Metso Corp.	3,300		130,150
Nokian Tyres PLC (d)	5,800		162,755
Outotec OYJ	4,100		145,189
TOTAL FINLAND			438,094
France - 2.4%
Danone	6,252		350,713
Remy Cointreau SA	2,056		112,386
Safran SA	7,000		188,947
TOTAL FRANCE			652,046
Germany - 3.6%
E.ON AG	1,789		53,384
Common Stocks - continued
	Shares		Value
Germany - continued
Linde AG	2,919		$ 342,213
MAN SE	1,425		132,294
Siemens AG sponsored ADR	4,800		467,472
TOTAL GERMANY			995,363
Hong Kong - 1.2%
Hong Kong Exchanges and Clearing Ltd.	20,300		333,738
Ireland - 1.1%
CRH PLC sponsored ADR (d)	8,600		180,858
James Hardie Industries NV sponsored ADR (a)	4,200		122,850
TOTAL IRELAND			303,708
Italy - 1.7%
Azimut Holdings SpA	14,115		141,471
Fiat SpA	15,800		202,428
Saipem SpA	3,135		112,774
TOTAL ITALY			456,673
Japan - 8.9%
Autobacs Seven Co. Ltd.	3,800		141,360
Denso Corp.	7,200		206,357
East Japan Railway Co.	3,400		219,126
Fanuc Ltd.	2,600		307,156
Fast Retailing Co. Ltd.	1,000		149,609
Japan Steel Works Ltd.	14,000		135,100
Keyence Corp.	920		211,837
Kobayashi Pharmaceutical Co. Ltd.	3,500		147,614
MS&AD Insurance Group Holdings, Inc.	4,400		97,800
Nippon Thompson Co. Ltd.	16,000		105,710
Osaka Securities Exchange Co. Ltd.	24		119,410
Shiseido Co. Ltd.	8,000		179,022
SHO-BOND Holdings Co. Ltd.	2,800		59,742
USS Co. Ltd.	2,790		209,835
Yamato Kogyo Co. Ltd.	5,500		134,151
TOTAL JAPAN			2,423,829
Korea (South) - 0.8%
NHN Corp. (a)	1,412		219,664
Luxembourg - 0.2%
ArcelorMittal SA Class A unit	1,700		52,190
Common Stocks - continued
	Shares		Value
Mexico - 1.2%
Cemex SA de CV sponsored ADR	5,021		$ 47,398
Wal-Mart de Mexico SA de CV Series V	119,600		277,779
TOTAL MEXICO			325,177
Netherlands - 2.3%
ASM International NV unit (a)	6,500		165,360
ASML Holding NV	6,400		206,016
Koninklijke KPN NV	9,536		132,739
QIAGEN NV (a)	6,300		117,936
TOTAL NETHERLANDS			622,051
Papua New Guinea - 0.7%
Lihir Gold Ltd. sponsored ADR	5,000		185,200
Peru - 0.2%
Compania de Minas Buenaventura SA sponsored ADR	1,600		61,776
Portugal - 0.4%
Jeronimo Martins SGPS SA	10,375		113,384
Singapore - 1.4%
City Developments Ltd.	9,000		80,079
Singapore Exchange Ltd.	42,000		236,576
Wing Tai Holdings Ltd.	44,000		58,240
TOTAL SINGAPORE			374,895
South Africa - 2.2%
African Rainbow Minerals Ltd.	7,939		186,168
Clicks Group Ltd.	27,620		136,883
JSE Ltd.	12,500		121,670
Mr. Price Group Ltd.	21,300		147,435
TOTAL SOUTH AFRICA			592,156
Spain - 1.2%
Inditex SA	3,299		218,212
Prosegur Compania de Seguridad SA (Reg.)	2,200		108,186
TOTAL SPAIN			326,398
Sweden - 1.5%
H&M Hennes & Mauritz AB (B Shares)	10,224		322,103
Swedish Match Co.	3,500		82,675
TOTAL SWEDEN			404,778
Switzerland - 12.2%
Actelion Ltd. (a)	1,896		76,692
Common Stocks - continued
	Shares		Value
Switzerland - continued
Credit Suisse Group sponsored ADR	3,300		$ 149,721
Nestle SA	24,258		1,199,449
Novartis AG sponsored ADR (d)	9,400		458,156
Roche Holding AG (participation certificate)	4,726		614,827
Sonova Holding AG Class B	3,120		378,636
The Swatch Group AG:
(Bearer)	760		235,395
(Reg.)	228		12,817
UBS AG (a)(d)	4,123		69,999
UBS AG (NY Shares) (a)	7,300		123,881
TOTAL SWITZERLAND			3,319,573
Turkey - 2.1%
Anadolu Efes Biracilik ve Malt Sanayiive Malt Sanayii SA	7,800		98,322
Asya Katilim Bankasi AS	48,000		119,737
Coca-Cola Icecek AS	10,000		104,160
Turkiye Garanti Bankasi AS	48,500		250,979
TOTAL TURKEY			573,198
United Kingdom - 19.3%
Anglo American PLC:
ADR (a)	8,300		164,340
(United Kingdom)	800		31,675
Babcock International Group PLC	17,000		147,712
BAE Systems PLC	30,300		148,460
Bellway PLC	6,200		56,351
BG Group PLC	33,424		535,493
BHP Billiton PLC ADR	16,600		1,021,564
Cobham PLC	24,900		92,751
GlaxoSmithKline PLC sponsored ADR	7,000		246,190
Imperial Tobacco Group PLC	3,782		107,008
InterContinental Hotel Group PLC ADR	11,600		201,840
Johnson Matthey PLC	5,824		154,462
Mothercare PLC	6,900		56,491
Reckitt Benckiser Group PLC	6,045		296,281
Rio Tinto PLC	4,235		219,081
Rio Tinto PLC sponsored ADR	8,100		420,552
Serco Group PLC	29,103		252,646
Shaftesbury PLC	18,333		115,014
Standard Chartered PLC (United Kingdom)	17,331		500,691
Tesco PLC	61,453		376,520
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Unite Group PLC (a)	18,800		$ 55,935
Victrex PLC	3,600		68,884
TOTAL UNITED KINGDOM			5,269,941
United States of America - 9.5%
Allergan, Inc.	1,800		109,908
Autoliv, Inc.	4,300		246,992
Berkshire Hathaway, Inc. Class B (a)	2,000		156,240
Cymer, Inc. (a)	1,900		63,232
ION Geophysical Corp. (a)	14,800		64,972
JPMorgan Chase & Co.	2,618		105,453
Juniper Networks, Inc. (a)	16,800		466,704
Martin Marietta Materials, Inc.	600		51,240
Mead Johnson Nutrition Co. Class A	3,800		201,932
Mohawk Industries, Inc. (a)	2,800		137,004
Philip Morris International, Inc.	2,700		137,808
ResMed, Inc. (a)	2,100		137,949
Union Pacific Corp.	2,600		194,142
Visa, Inc. Class A	7,000		513,450
TOTAL UNITED STATES OF AMERICA			2,587,026
TOTAL COMMON STOCKS (Cost $24,813,648)		26,232,265
Investment Companies - 2.1%

United States of America - 2.1%
iShares MSCI EAFE Growth Index ETF (Cost $537,041)	10,500		556,395
Money Market Funds - 3.7%

Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c) (Cost $995,978)	995,978		995,978
Cash Equivalents - 1.4%
	Maturity Amount		Value
Investments in repurchase agreements in a joint trading account at 0.21%, dated 7/30/10 due 8/2/10 (Collateralized by U.S. Treasury Obligations) # (Cost $390,000)	$ 390,007		$ 390,000
TOTAL INVESTMENT PORTFOLIO - 103.4% (Cost $26,736,667)			28,174,638
NET OTHER ASSETS (LIABILITIES) - (3.4)%			(917,495)
NET ASSETS - 100%		$ 27,257,143

Security Abbreviations
ETF	-	Exchange-Traded Funds

Legend

(a) Non-income producing

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

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

Repurchase Agreement / Counterparty	Value
$390,000 due 8/02/10 at 0.21%
BNP Paribas Securities Corp.	$ 86,351
Bank of America NA	54,486
Barclays Capital, Inc.	88,084
Credit Agricole Securities (USA) Inc.	18,162
Credit Suisse Securities (USA) LLC	23,351
Deutsche Bank Securities, Inc.	9,081
ING Financial Markets LLC	9,081
Mizuho Securities USA, Inc.	18,162
Morgan Stanley & Co., Inc.	18,162
RBC Capital Markets Corp.	17,859
RBS Securities, Inc.	18,162
Societe Generale, New York Branch	27,243
Wells Fargo Securities LLC	1,816
	$ 390,000

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	$ 11,231

Other Information

The following is a summary of the inputs used, as of July 31, 2010, involving the Fund's assets and liabilities carried at fair 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:
United Kingdom	$ 5,269,941	$ 5,050,860	$ 219,081	$ -
Switzerland	3,319,573	3,249,574	69,999	-
United States of America	2,587,026	2,587,026	-	-
Japan	2,423,829	2,423,829	-	-
Brazil	1,071,609	1,071,609	-	-
Australia	1,071,015	1,071,015	-	-
Germany	995,363	995,363	-	-
Belgium	896,482	896,482	-	-
Canada	773,375	773,375	-	-
Other	7,824,052	7,824,052	-	-
Investment Companies	556,395	556,395	-	-
Money Market Funds	995,978	995,978	-	-
Cash Equivalents	390,000	-	390,000	-
Total Investments in Securities:	$ 28,174,638	$ 27,495,558	$ 679,080	$ -

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 and are categorized as Level 1 in the hierarchy. 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 or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in significant transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Quarterly Report

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® International Small Cap Fund

July 31, 2010

1.804839.106

ISC-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.8%
	Shares		Value
Australia - 6.9%
Allied Gold Ltd. (a)	12,713,939		$ 3,681,346
Allied Gold Ltd. (United Kingdom) (a)	4,914,800		1,483,862
Aristocrat Leisure Ltd.	146,962		450,797
Austal Ltd.	1,095,023		2,278,913
Australian Worldwide Exploration Ltd. (a)	922,101		1,301,606
BlueScope Steel Ltd. (a)	209,536		449,349
carsales.com Ltd. (d)	151,787		671,614
Centamin Egypt Ltd. (a)	1,924,214		4,526,906
Centennial Coal Co. Ltd.	308,443		1,668,986
Charter Hall Group unit	2,464,661		1,338,089
Discovery Metals Ltd. (a)	745,951		546,729
DUET Group	688,657		1,018,820
Goodman Group unit	6,799,777		3,783,959
Industrea Ltd.	1,729,558		555,572
Iress Market Technology Ltd.	156,546		1,168,618
Ironbark Zinc Ltd. (a)	2,305,831		344,261
Lynas Corp. Ltd. (a)	1,862,678		1,280,938
MAp Group unit	291,078		779,611
Medusa Mining Ltd. (d)	275,842		968,431
Mineral Deposits Ltd. (a)	5,620,000		4,045,722
Monto Minerals Ltd. (a)	273,551		2,475
Navitas Ltd.	939,142		3,679,559
Northern Iron Ltd. (a)	423,362		582,280
Ramsay Health Care Ltd.	185,612		2,374,827
realestate.com.au Ltd.	81,413		751,399
SAI Global Ltd. (g)	1,033,519		3,731,367
Spark Infrastructure Group unit (f)	1,136,770		1,265,186
Super Cheap Auto Group Ltd.	290,060		1,488,153
Tiger Resources Ltd. (a)	14,407,421		2,737,677
Wotif.com Holdings Ltd.	255,354		1,194,565
TOTAL AUSTRALIA			50,151,617
Bailiwick of Jersey - 0.2%
Renewable Energy Generation Ltd.	1,777,200		1,407,617
Belgium - 0.4%
EVS Broadcast Equipment SA	7,700		381,159
Hansen Transmissions International NV (a)	2,639,400		2,821,161
TOTAL BELGIUM			3,202,320
Bermuda - 2.2%
Asia Satellite Telecommunications Holdings Ltd.	271,000		418,668
Biosensors International Group Ltd. (a)	1,577,000		945,110
Common Stocks - continued
	Shares		Value
Bermuda - continued
China Animal Healthcare Ltd.	4,707,000		$ 1,038,385
China LotSynergy Holdings Ltd. (a)	7,324,000		301,729
China Water Affairs Group Ltd.	1,134,000		423,379
Integrated Distribution Services Group Ltd. (IDS)	322,000		621,822
Luk Fook Holdings International Ltd.	1,162,000		1,974,689
Mingyuan Medicare Development Co. Ltd.	2,870,000		328,845
Noble Group Ltd.	315,272		382,527
Oakley Capital Investments Ltd. (a)	1,285,000		2,297,549
Seadrill Ltd. (d)	114,900		2,667,473
Vtech Holdings Ltd.	466,000		4,955,468
TOTAL BERMUDA			16,355,644
British Virgin Islands - 1.1%
Albidon Ltd. unit (a)	1,469,000		77,759
Kalahari Energy (a)(i)	1,451,000		15
Playtech Ltd. (d)	845,876		5,870,523
Xcite Energy Ltd. (a)	1,815,300		2,128,220
TOTAL BRITISH VIRGIN ISLANDS			8,076,517
Canada - 1.7%
AirSea Lines (a)(i)	1,893,338		25
AirSea Lines warrants 8/4/11 (a)(i)	1,862,300		24
Banro Corp. (a)	637,400		1,116,124
Equinox Minerals Ltd. unit (a)	352,022		1,605,377
European Goldfields Ltd. (a)	854,800		5,978,902
Platmin Ltd. (a)	3,649,900		3,348,834
Rock Well Petroleum, Inc. (a)(i)	770,400		7
Starfield Resources, Inc. (a)	4,328,075		252,624
TOTAL CANADA			12,301,917
Cayman Islands - 2.0%
Bosideng International Holdings Ltd.	1,440,000		444,931
China Dongxiang Group Co. Ltd.	657,000		372,166
China High Precision Automation Group Ltd. (a)	712,000		433,571
China Lilang Ltd.	276,000		305,226
China Real Estate Information Corp. ADR (d)	57,600		533,376
CNinsure, Inc. ADR (d)	31,900		752,202
Ctrip.com International Ltd. sponsored ADR (a)	43,900		1,767,414
Daphne International Holdings Ltd.	1,392,000		1,288,507
EVA Precision Industrial Holdings Ltd.	2,036,000		1,048,471
Fook Woo Group Holdings Ltd.	1,099,000		370,696
Hengdeli Holdings Ltd.	1,124,000		515,152
Kingdee International Software Group Co. Ltd.	1,898,000		799,029
Common Stocks - continued
	Shares		Value
Cayman Islands - continued
Little Sheep Group Ltd.	614,000		$ 364,408
Maoye International Holdings Ltd.	938,000		384,015
Marwyn Value Investors II Ltd. (a)	1,846,800		2,128,943
Neo-Neon Holdings Ltd.	804,000		467,857
Orchid Developments Group Ltd. (a)	1,211,000		569,800
PCD Stores Group Ltd.	852,000		270,929
Perfect World Co. Ltd. sponsored ADR Class B (a)	21,900		511,584
Sino-Life Group Ltd. (a)	1,644,000		218,001
VST Holdings Ltd.	1,268,000		404,846
Yip's Chemical Holdings Ltd.	592,000		599,050
TOTAL CAYMAN ISLANDS			14,550,174
China - 1.4%
51job, Inc. sponsored ADR (a)	24,000		605,040
AMVIG Holdings Ltd.	764,000		422,942
Baidu.com, Inc. sponsored ADR (a)	13,200		1,074,612
BYD Co. Ltd. (H Shares)	27,000		185,793
China Metal Recycling (Holdings) Ltd.	333,600		330,272
Dalian Port (PDA) Co. Ltd. (H Shares)	1,786,000		772,573
Digital China Holdings Ltd. (H Shares)	239,000		387,692
Focus Media Holding Ltd. ADR (a)(d)	15,300		277,389
Global Bio-Chem Technology Group Co. Ltd.	2,074,800		336,562
Harbin Power Equipment Co. Ltd. (H Shares)	492,000		430,718
Minth Group Ltd.	698,000		1,047,786
People's Food Holdings Ltd.	992,000		488,742
Royale Furniture Holdings Ltd.	1,854,000		515,564
Sino Prosper State Gold Resources Holdings, Ltd. (a)	74,820,000		1,733,840
Weiqiao Textile Co. Ltd. (H Shares)	2,055,500		1,431,639
TOTAL CHINA			10,041,164
Cyprus - 1.0%
Buried Hill Energy (Cyprus) PCL (a)(i)	1,947,000		4,867,500
Mirland Development Corp. PLC (a)	781,900		2,207,398
TOTAL CYPRUS			7,074,898
Denmark - 0.6%
DSV de Sammensluttede Vognmaend AS	250,000		4,460,381
William Demant Holding AS (a)	200		14,658
TOTAL DENMARK			4,475,039
France - 8.5%
Altamir Amboise (a)	544,400		3,696,723
ALTEN	114,000		3,350,522
Common Stocks - continued
	Shares		Value
France - continued
Audika SA	113,113		$ 2,972,105
Compagnie Generale de Geophysique SA (a)	92,400		1,783,871
Delachaux SA	80,541		5,038,709
Devoteam SA	38,800		873,849
Faiveley Transport	50,672		3,872,122
Iliad Group SA	46,742		4,115,226
Ipsos SA	184,600		7,339,454
Laurent-Perrier Group	20,860		1,854,485
LeGuide.com SA (a)(d)	85,800		2,516,117
Maisons France Confort (d)	89,444		3,578,909
Meetic	187,600		5,330,284
Sartorius Stedim Biotech	53,700		2,266,973
SeLoger.com	198,800		7,850,911
Sopra Group SA	37,800		2,685,031
SR Teleperformance SA	97,900		2,480,504
TOTAL FRANCE			61,605,795
Germany - 10.2%
CENTROTEC Sustainable AG (a)	131,581		2,358,071
CTS Eventim AG	111,908		5,714,610
Delticom AG	131,200		6,693,776
Drillisch AG	679,100		4,072,368
ElringKlinger AG	184,000		4,946,213
Freenet AG	164,700		1,760,012
GFK AG	142,601		5,317,426
HeidelbergCement AG	119,666		6,027,332
KROMI Logistik AG (a)	118,100		1,277,583
Lanxess AG	121,885		5,853,153
Pfleiderer AG (a)	226,800		1,386,659
Rational AG (d)	17,901		2,935,074
SMA Solar Technology AG	31,200		3,857,030
Software AG (Bearer)	63,900		7,125,785
STRATEC Biomedical Systems AG	77,910		2,915,328
Tom Tailor Holding AG	204,300		2,929,018
United Internet AG	229,793		2,845,257
Wacker Chemie AG (d)	40,000		6,420,302
TOTAL GERMANY			74,434,997
Greece - 0.3%
Babis Vovos International Technical SA (a)	149,200		558,100
Jumbo SA	161,000		1,280,020
TOTAL GREECE			1,838,120
Common Stocks - continued
	Shares		Value
Hong Kong - 1.2%
Dah Sing Financial Holdings Ltd. (a)	98,800		$ 605,456
Galaxy Entertainment Group Ltd. (a)	1,498,000		997,060
I.T Ltd.	2,064,000		741,366
REXCAPITAL Financial Holdings Ltd.	3,875,000		339,234
Singamas Container Holdings Ltd. (a)	5,154,000		1,088,196
Techtronic Industries Co. Ltd.	3,251,000		2,682,834
Texwinca Holdings Ltd.	1,700,000		1,739,942
Tian An China Investments Co. Ltd.	669,000		436,669
TOTAL HONG KONG			8,630,757
Iceland - 0.8%
Ossur hf (a)	3,457,100		5,926,112
India - 0.1%
Educomp Solutions Ltd.	24,874		325,826
Geodesic Ltd.	256,340		486,872
The Jammu & Kashmir Bank Ltd.	13,403		223,027
TOTAL INDIA			1,035,725
Indonesia - 0.2%
PT Ciputra Development Tbk (a)	14,191,500		603,219
PT Lippo Karawaci Tbk (a)	9,290,500		504,016
PT Mayora Indah Tbk	168,500		155,495
PT Media Nusantara Citra Tbk	9,392,500		315,185
TOTAL INDONESIA			1,577,915
Ireland - 0.8%
James Hardie Industries NV unit (a)	132,009		777,609
Kenmare Resources PLC (a)	14,887,700		3,093,858
Petroceltic International PLC (a)	11,142,200		1,616,477
Vimio PLC (a)	867,300		14
TOTAL IRELAND			5,487,958
Isle of Man - 1.3%
Exillon Energy PLC	1,511,200		4,147,791
IBS Group Holding Ltd. GDR (Reg. S) (a)	317,700		5,590,003
TOTAL ISLE OF MAN			9,737,794
Italy - 0.8%
Seldovia Native Association, Inc. (SNAI) (a)(d)	324,790		1,276,295
Tod's SpA	60,255		4,590,275
TOTAL ITALY			5,866,570
Common Stocks - continued
	Shares		Value
Japan - 26.1%
ABC-Mart, Inc.	50,700		$ 1,648,447
Air Water, Inc.	122,000		1,326,931
Aozora Bank Ltd.	1,239,000		1,648,655
AQ Interactive, Inc. (d)	705		1,331,281
ARCS Co. Ltd.	133,600		1,794,731
Arnest One Corp.	44,100		495,981
Asahi Co. Ltd. (d)	58,000		862,366
Asahi Intecc Co. Ltd.	203,400		3,530,228
ASKUL Corp.	96,000		1,883,899
Bank of Kyoto Ltd.	231,000		1,927,116
Cellseed, Inc.	11,700		163,671
Central Glass Co. Ltd.	380,000		1,472,953
Chiba Bank Ltd.	325,000		1,985,537
Chiyoda Corp.	297,000		2,137,507
CMIC Co. Ltd.	3,350		982,227
Cosmos Pharmaceutical Corp.	27,200		685,468
Create SD Holdings Co. Ltd.	48,200		1,021,165
Credit Saison Co. Ltd.	173,200		2,200,447
Culture Convenience Club Co. Ltd. (d)	211,800		894,498
CyberAgent, Inc. (d)	1,049		1,541,487
Dai-ichi Seiko Co. Ltd. (d)	48,500		2,031,472
Daicel Chemical Industries Ltd.	425,000		3,009,546
Daihen Corp.	373,000		1,588,244
Digital Garage, Inc.	927		1,362,210
Don Quijote Co. Ltd.	95,100		2,475,846
Ebara Corp. (a)	429,000		1,633,104
EPS Co. Ltd.	742		1,927,440
Exedy Corp.	147,000		4,252,242
Ferrotec Corp.	145,900		1,502,470
FreeBit Co., Ltd. (d)	358		1,067,062
Fuji Oil Co. Ltd.	168,800		2,492,205
Fujikura Ltd.	186,000		873,775
Furukawa Electric Co. Ltd.	214,000		950,836
Furuya Metal Co. Ltd. (d)	33,400		2,005,739
Glory Ltd.	25,900		602,660
GREE, Inc. (d)	46,500		3,814,695
Hoshizaki Electric Co. Ltd. (d)	62,400		1,094,572
Ibiden Co. Ltd.	97,300		2,905,771
Isetan Mitsukoshi Holdings Ltd.	124,000		1,170,772
Itochu Corp.	196,600		1,533,218
Japan Steel Works Ltd.	110,000		1,061,498
JP-Holdings, Inc.	73,700		1,351,629
Common Stocks - continued
	Shares		Value
Japan - continued
JTEKT Corp.	159,200		$ 1,545,488
Kandenko Co. Ltd.	226,000		1,341,487
Kenedix Realty Investment Corp.	573		1,881,601
Kimoto Co. Ltd. (d)	228,600		1,224,666
KOMERI Co. Ltd.	66,600		1,568,192
Kuraray Co. Ltd.	283,500		3,555,846
Maeda Corp.	319,000		852,635
Makino Milling Machine Co. Ltd. (a)	244,000		1,468,094
Marui Group Co. Ltd.	175,800		1,232,685
Maruwa Ceramic Co. Ltd.	59,500		1,371,409
McDonald's Holdings Co. (Japan) Ltd.	106,200		2,374,063
Meiko Electronics Co. Ltd.	96,300		1,949,957
Message Co. Ltd.	1,094		2,525,346
Micronics Japan Co. Ltd.	60,500		784,032
Minebea Ltd.	517,000		2,853,445
Mitsubishi UFJ Lease & Finance Co. Ltd.	85,010		2,990,227
Mitsumi Electric Co. Ltd.	104,800		1,751,012
mixi, Inc. (d)	355		1,893,607
Nabtesco Corp.	226,000		3,577,298
NHK Spring Co. Ltd.	244,000		2,241,666
Nichi-iko Pharmaceutical Co. Ltd.	41,100		1,481,360
Nichicon Corp. (d)	165,500		2,144,750
Nihon M&A Center, Inc. (d)	426		1,359,454
Nippon Ceramic Co. Ltd.	27,700		395,829
Nippon Denko Co. Ltd.	138,000		820,735
Nippon Electric Glass Co. Ltd.	45,000		573,272
Nippon Shinyaku Co. Ltd.	83,000		1,017,032
Nippon Signal Co. Ltd.	203,000		1,524,408
Nomura Real Estate Residential Fund, Inc.	400		1,601,388
NTT Urban Development Co.	1,414		1,146,907
Osaka Securities Exchange Co. Ltd.	222		1,104,542
OSAKA Titanium technologies Co. Ltd.	3,300		141,279
Otsuka Corp.	42,900		2,799,607
Pigeon Corp.	40,400		1,488,852
Riso Kagaku Corp.	126,300		1,196,872
Rohto Pharmaceutical Co. Ltd.	224,000		2,749,945
Sanken Electric Co. Ltd. (a)	138,000		541,302
Sankyu, Inc.	264,000		1,114,955
Santen Pharmaceutical Co. Ltd.	87,200		2,917,933
Sawada Holdings Co. Ltd. (a)	192,000		975,273
Sekisui Chemical Co. Ltd.	303,000		2,054,475
Shimadzu Corp.	386,000		2,956,691
Common Stocks - continued
	Shares		Value
Japan - continued
Shimamura Co. Ltd.	26,200		$ 2,373,688
Shin-Kobe Electric Machinery Co. Ltd. (d)	244,000		2,052,508
Shindengen Electric Co. Ltd. (a)	155,000		590,049
Shizuoka Gas Co. Ltd.	88,000		591,588
SHO-BOND Holdings Co. Ltd.	132,500		2,827,075
Simplex Technology, Inc. (d)	1,189		914,880
So-net M3, Inc. (d)	575		2,601,388
Sony Financial Holdings, Inc.	537		1,947,926
SRI Sports Ltd.	886		902,146
Stella Chemifa Corp.	16,200		641,065
Sumitomo Osaka Cement Co. Ltd.	566,000		1,060,943
Sumitomo Trust & Banking Co. Ltd.	450,000		2,504,484
Sysmex Corp. (d)	20,300		1,167,382
Taisho Pharmaceutical Co. Ltd.	75,000		1,457,911
Takata Corp.	92,600		1,831,107
Takeei Corp.	71,100		962,534
The Suruga Bank Ltd.	221,000		1,992,005
Toho Co. Ltd.	109,300		1,803,434
Tokyu Livable, Inc.	176,100		1,752,340
Toto Ltd.	342,000		2,330,784
Towa Corp. (a)(d)	243,300		1,827,037
Toyo Tanso Co. Ltd. (d)	42,500		2,146,514
Toyota Boshoku Corp.	37,100		586,388
Ube Industries Ltd.	864,000		2,159,375
Ulvac, Inc.	96,100		1,890,310
Yamatake Corp.	131,900		3,369,803
Yamato Kogyo Co. Ltd.	75,800		1,848,845
Yamazaki Baking Co. Ltd.	72,000		912,236
Yokohama Rubber Co. Ltd.	322,000		1,721,307
TOTAL JAPAN			190,098,270
Korea (South) - 1.1%
CJ Home Shopping (a)	10,059		986,551
Daou Technology, Inc.	197,150		1,225,155
Hyosung Corp.	6,493		450,708
Interpark Corp. (a)	75,279		288,323
Jusung Engineering Co. Ltd. (a)	43,990		807,088
KC Tech Co. Ltd.	126,140		607,903
Lock & Lock Co. Ltd.	19,170		561,607
MNTECH Co. Ltd.	76,840		688,653
NCsoft Corp.	2,221		353,031
Power Logics Co. Ltd. (a)	41,248		272,371
Common Stocks - continued
	Shares		Value
Korea (South) - continued
Sodiff Advanced Materials Co. Ltd.	3,940		$ 372,763
The Basic House Co. Ltd. (a)	96,550		1,220,395
TK Corp. (a)	17,649		342,460
TOTAL KOREA (SOUTH)			8,177,008
Luxembourg - 0.4%
GlobeOp Financial Services SA	594,385		2,656,865
Malaysia - 0.2%
JobStreet Corp. Bhd	1,223,100		787,548
Masterskill Education Group Bhd	478,400		637,115
Top Glove Corp. Bhd	113,400		236,506
TOTAL MALAYSIA			1,661,169
Netherlands - 1.9%
Gemalto NV	190,440		7,818,614
SMARTRAC NV (a)	104,600		1,993,832
Wavin NV (a)	273,912		3,927,035
TOTAL NETHERLANDS			13,739,481
Norway - 2.1%
Aker Solutions ASA	206,500		2,677,513
IMAREX NOS ASA (a)	142,100		1,169,836
Renewable Energy Corp. ASA (a)(d)	1,111,942		3,061,113
Schibsted ASA (B Shares)	275,400		6,166,856
Sevan Marine ASA (a)(d)	2,000,000		2,033,424
TOTAL NORWAY			15,108,742
Papua New Guinea - 0.1%
Lihir Gold Ltd.	127,700		474,628
Philippines - 0.0%
Alliance Global Group, Inc.	2,595,000		327,759
Singapore - 1.6%
CSE Global Ltd.	1,005,000		709,464
Goodpack Ltd.	1,673,000		2,079,101
Hyflux Ltd.	440,000		1,045,077
Oceanus Group Ltd. (a)	2,071,000		472,101
Pertama Holdings Ltd. (e)	21,516,000		5,933,157
Raffles Medical Group Ltd.	431,000		621,193
Yanlord Land Group Ltd.	521,000		712,597
TOTAL SINGAPORE			11,572,690
Common Stocks - continued
	Shares		Value
South Africa - 0.4%
Blue Label Telecoms Ltd. (a)	4,787,200		$ 2,946,757
Spain - 0.3%
Obrascon Huarte Lain SA	73,400		1,920,014
Sweden - 1.4%
Elekta AB (B Shares)	252,800		7,330,430
Modern Times Group MTG AB (B Shares)	44,100		2,765,262
XCounter AB (a)	1,108,000		86,889
TOTAL SWEDEN			10,182,581
Switzerland - 1.5%
Bank Sarasin & Co. Ltd. Series B (Reg.)	18,166		673,235
Basilea Pharmaceutica AG (a)	9,770		534,205
Lonza Group AG	46,363		3,601,139
Panalpina Welttransport Holding AG (a)	26,080		2,352,471
VZ Holding AG (d)	42,690		3,494,141
TOTAL SWITZERLAND			10,655,191
Thailand - 0.1%
Asian Property Development PCL (For. Reg.)	1,836,200		352,023
BEC World PCL (For. Reg.)	337,000		312,616
Total Access Communication PCL unit	185,900		271,607
TOTAL THAILAND			936,246
United Kingdom - 17.4%
Abcam PLC	246,700		5,881,249
Antisoma PLC (a)(d)	2,397,700		199,309
Ashmore Group PLC	1,109,700		4,913,300
Asset Realisation Co. PLC (a)	340,000		5
Aurelian Oil & Gas PLC (a)	3,923,800		2,353,939
Avanti Communications Group PLC (a)	661,500		4,876,234
Aveva Group PLC	188,500		3,932,057
Blinkx PLC (a)(d)	3,062,000		2,773,410
Bond International Software PLC	617,066		474,225
Borders & Southern Petroleum PLC (a)	698,500		766,869
Cadogan Petroleum PLC (a)	1,406,300		363,931
Centurion Electronics PLC (a)(e)	748,299		12
Ceres Power Holdings PLC (a)(d)	406,200		503,296
China Goldmines PLC (a)	669,353		220,461
Connaught PLC	1,195,700		667,995
Conygar Investment Co. PLC (a)	2,333,700		4,090,246
Cove Energy PLC (a)	2,629,300		2,824,799
CPP Group PLC	29,575		111,418
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Craneware PLC	877,400		$ 5,435,651
Datacash Group PLC	1,241,380		4,770,102
DTZ Holdings PLC (a)	1,804,400		1,634,337
Eaga PLC	245,794		408,634
EMIS Group PLC (a)	376,245		1,942,913
European Nickel PLC (a)	2,276,950		767,801
Faroe Petroleum PLC (a)	458,447		1,202,575
GoIndustry-DoveBid PLC (a)	22,589		26,217
Hays PLC	2,007,843		2,843,638
Icap PLC	252,000		1,584,900
Ideal Shopping Direct PLC (a)	234,592		597,893
IG Group Holdings PLC	1,264,300		9,395,110
Inchcape PLC (a)	778,720		3,648,156
Jubilee Platinum PLC (a)	2,729,847		1,198,818
Keronite PLC (a)(i)	13,620,267		106,810
Monitise PLC (a)	4,154,500		1,417,212
Mothercare PLC	501,800		4,108,261
NCC Group Ltd.	228,315		1,523,670
Northgate PLC (a)	493,500		1,424,170
Ocado Group PLC (a)	1,125,700		2,948,465
Pureprofile Media PLC (a)(i)	1,108,572		434,671
Redhall Group PLC	519,600		1,116,469
Regenersis PLC (a)	1,367,300		755,927
Rockhopper Exploration PLC (a)	312,600		1,514,971
Royalblue Group PLC	197,842		4,539,622
Salamander Energy PLC (a)	697,200		2,628,746
SDL PLC (a)	691,862		5,837,926
SIG PLC (a)	1,479,300		2,347,976
Silverdell PLC (a)	4,958,000		622,090
Sinclair Pharma PLC (a)	3,003,544		1,295,459
Sphere Medical Holding PLC (a)(i)	555,599		1,481,383
SR Pharma PLC (a)	5,388,700		470,756
Sthree PLC	541,709		2,221,747
Synergy Health PLC	274,953		2,878,502
Ted Baker PLC	293,100		2,452,489
TMO Biotec (a)(i)	1,000,000		392,100
Travis Perkins PLC (a)	248,700		3,290,165
Valiant Petroleum PLC (a)	156,200		1,678,141
Wellstream Holdings PLC	434,600		3,418,358
Xchanging PLC	1,521,100		4,771,386
Zenergy Power PLC (a)	855,520		872,168
TOTAL UNITED KINGDOM			126,959,140
Common Stocks - continued
	Shares		Value
United States of America - 0.5%
CTC Media, Inc. (d)	183,400		$ 3,306,702
Mudalla Technology, Inc. (a)	996,527		16
Sohu.com, Inc. (a)	5,400		253,908
XL TechGroup, Inc. (a)	1,329,250		21
TOTAL UNITED STATES OF AMERICA			3,560,647
TOTAL COMMON STOCKS (Cost $712,643,105)		704,755,838
Investment Companies - 0.0%

Bailiwick of Guernsey - 0.0%
Brookwell Ltd. Class A (e) (Cost $621,868)	213,047		175,425

Government Obligations - 0.1%
		Principal Amount
Germany - 0.1%
German Federal Republic 0.3042% to 0.3245% 9/29/10 (h) (Cost $707,489)	EUR	550,000	716,534

Money Market Funds - 6.9%
	Shares
Fidelity Cash Central Fund, 0.24% (b)	23,367,650		23,367,650
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	26,656,706		26,656,706
TOTAL MONEY MARKET FUNDS (Cost $50,024,356)		50,024,356
TOTAL INVESTMENT PORTFOLIO - 103.8% (Cost $763,996,818)			755,672,153
NET OTHER ASSETS (LIABILITIES) - (3.8)%			(27,650,699)
NET ASSETS - 100%		$ 728,021,454

Futures Contracts
	Expiration Date	Underlying Face Amount at Value	Unrealized Appreciation/ (Depreciation)
Purchased
Equity Index Contracts
119 Dow Jones Euro Stoxx 50 Index Contracts (Germany)	Sept. 2010	$ 4,257,458	$ 66,296

Currency Abbreviations
EUR	-	European Monetary Unit

Legend

(a) Non-income producing

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

(e) Affiliated company

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

(h) 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 $716,534.

(i) 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 $7,282,535 or 1.0% of net assets.

Additional information on each holding is as follows:

Security	Acquisition Date	Acquisition Cost
AirSea Lines	8/4/06	$ 931,150
AirSea Lines warrants 8/4/11	8/4/06	$ 2
Buried Hill Energy (Cyprus) PCL	8/18/06	$ 2,141,700
Kalahari Energy	9/1/06	$ 1,813,750
Keronite PLC	8/16/06	$ 817,216
Pureprofile Media PLC	5/3/05 - 1/11/06	$ 640,000
Rock Well Petroleum, Inc.	4/13/06	$ 1,155,600
Sphere Medical Holding PLC	8/27/08 - 3/16/10	$ 944,518
TMO Biotec	10/27/05	$ 300,000

Other Affiliated Issuers

Affiliates	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Brookwell Ltd. Class A	$ 1,078,606	$ -	$ 724,601	$ -	$ 175,425
Centurion Electronics PLC	12	-	-	-	12
Pertama Holdings Ltd.	-	5,470,243	45,460	-	5,933,157
Total	$ 1,078,618	$ 5,470,243	$ 770,061	$ -	$ 6,108,594

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	$ 35,495
Fidelity Securities Lending Cash Central Fund	650,870
Total	$ 686,365

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Japan	$ 190,098,270	$ 190,098,270	$ -	$ -
United Kingdom	126,959,140	124,544,159	-	2,414,981
Germany	74,434,997	74,434,997	-	-
France	61,605,795	59,821,924	1,783,871	-
Australia	50,151,617	50,151,617	-	-
Bermuda	16,355,644	16,355,644	-	-
Norway	15,108,742	15,108,742	-	-
Cayman Islands	14,550,174	13,980,374	-	569,800
Netherlands	13,739,481	13,739,481	-	-
Canada	12,301,917	12,301,861	-	56
British Virgin Islands	8,076,517	7,998,743	-	77,774
Cyprus	7,074,898	2,207,398	-	4,867,500
Ireland	5,487,958	5,487,944	-	14
United States of America	3,560,647	3,560,610	-	37
Other	105,250,041	104,775,413	474,628	-
Investment Companies	175,425	175,425	-	-
Government Obligations	716,534	-	716,534	-
Money Market Funds	50,024,356	50,024,356	-	-
Total Investments in Securities:	$ 755,672,153	$ 744,766,958	$ 2,975,033	$ 7,930,162
Derivative Instruments:
Assets
Futures Contracts	$ 66,296	$ 66,296	$ -	$ -

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

Investments in Securities:
Equities - Cyprus
Beginning Balance	$ 4,030,290
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	837,210
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfers in to Level 3	-
Transfers out of Level 3	-
Ending Balance	$ 4,867,500
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ 837,210
Equities - United Kingdom
Beginning Balance	$ 3,323,654
Total Realized Gain (Loss)	(2,360,190)
Total Unrealized Gain (Loss)	2,283,644
Cost of Purchases	351,644
Proceeds of Sales	(20,851)
Amortization/Accretion	-
Transfers in to Level 3	-
Transfers out of Level 3	(1,162,920)
Ending Balance	$ 2,414,981
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ (76,507)
Equities - Cayman Islands
Beginning Balance	$ -
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	(314,958)
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfers in to Level 3	884,758
Transfers out of Level 3	-
Ending Balance	$ 569,800
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ (314,958)
Equities - British Virgin Islands
Beginning Balance	$ 952,217
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	(874,443)
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfers in to Level 3	-
Transfers out of Level 3	-
Ending Balance	$ 77,774
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ (874,443)
Equities - Canada
Beginning Balance	$ 62
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	(6)
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfers in to Level 3	-
Transfers out of Level 3	-
Ending Balance	$ 56
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ (6)
Equities - United States of America
Beginning Balance	$ 38
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	64,885
Cost of Purchases	-
Proceeds of Sales	(64,886)
Amortization/Accretion	-
Transfers in to Level 3	-
Transfers out of Level 3	-
Ending Balance	$ 37
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ 64,885
Equities - Ireland
Beginning Balance	$ 14
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	-
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfers in to Level 3	-
Transfers out of Level 3	-
Ending Balance	$ 14
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ -
Equities - Bermuda
Beginning Balance	$ 9,830
Total Realized Gain (Loss)	(1,060,462)
Total Unrealized Gain (Loss)	1,105,453
Cost of Purchases	-
Proceeds of Sales	(54,821)
Amortization/Accretion	-
Transfers in to Level 3	-
Transfers out of Level 3	-
Ending Balance	$ -
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ -
Equities - Australia
Beginning Balance	$ 135
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	-
Cost of Purchases	-
Proceeds of Sales	(135)
Amortization/Accretion	-
Transfers in to Level 3	-
Transfers out of Level 3	-
Ending Balance	$ -
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ -

Income Tax Information

At July 31, 2010, the cost of investment securities for income tax purposes was $775,579,379. Net unrealized depreciation aggregated $19,907,226, of which $110,014,114 related to appreciated investment securities and $129,921,340 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 and are categorized as Level 1 in the hierarchy. 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 or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in significant transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy. 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 fair value and are categorized as Level 2 in the hierarchy.

Quarterly Report

Quarterly Holdings Report

for

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

July 31, 2010

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

1.805999.106

AISC-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.8%
	Shares		Value
Australia - 6.9%
Allied Gold Ltd. (a)	12,713,939		$ 3,681,346
Allied Gold Ltd. (United Kingdom) (a)	4,914,800		1,483,862
Aristocrat Leisure Ltd.	146,962		450,797
Austal Ltd.	1,095,023		2,278,913
Australian Worldwide Exploration Ltd. (a)	922,101		1,301,606
BlueScope Steel Ltd. (a)	209,536		449,349
carsales.com Ltd. (d)	151,787		671,614
Centamin Egypt Ltd. (a)	1,924,214		4,526,906
Centennial Coal Co. Ltd.	308,443		1,668,986
Charter Hall Group unit	2,464,661		1,338,089
Discovery Metals Ltd. (a)	745,951		546,729
DUET Group	688,657		1,018,820
Goodman Group unit	6,799,777		3,783,959
Industrea Ltd.	1,729,558		555,572
Iress Market Technology Ltd.	156,546		1,168,618
Ironbark Zinc Ltd. (a)	2,305,831		344,261
Lynas Corp. Ltd. (a)	1,862,678		1,280,938
MAp Group unit	291,078		779,611
Medusa Mining Ltd. (d)	275,842		968,431
Mineral Deposits Ltd. (a)	5,620,000		4,045,722
Monto Minerals Ltd. (a)	273,551		2,475
Navitas Ltd.	939,142		3,679,559
Northern Iron Ltd. (a)	423,362		582,280
Ramsay Health Care Ltd.	185,612		2,374,827
realestate.com.au Ltd.	81,413		751,399
SAI Global Ltd. (g)	1,033,519		3,731,367
Spark Infrastructure Group unit (f)	1,136,770		1,265,186
Super Cheap Auto Group Ltd.	290,060		1,488,153
Tiger Resources Ltd. (a)	14,407,421		2,737,677
Wotif.com Holdings Ltd.	255,354		1,194,565
TOTAL AUSTRALIA			50,151,617
Bailiwick of Jersey - 0.2%
Renewable Energy Generation Ltd.	1,777,200		1,407,617
Belgium - 0.4%
EVS Broadcast Equipment SA	7,700		381,159
Hansen Transmissions International NV (a)	2,639,400		2,821,161
TOTAL BELGIUM			3,202,320
Bermuda - 2.2%
Asia Satellite Telecommunications Holdings Ltd.	271,000		418,668
Biosensors International Group Ltd. (a)	1,577,000		945,110
Common Stocks - continued
	Shares		Value
Bermuda - continued
China Animal Healthcare Ltd.	4,707,000		$ 1,038,385
China LotSynergy Holdings Ltd. (a)	7,324,000		301,729
China Water Affairs Group Ltd.	1,134,000		423,379
Integrated Distribution Services Group Ltd. (IDS)	322,000		621,822
Luk Fook Holdings International Ltd.	1,162,000		1,974,689
Mingyuan Medicare Development Co. Ltd.	2,870,000		328,845
Noble Group Ltd.	315,272		382,527
Oakley Capital Investments Ltd. (a)	1,285,000		2,297,549
Seadrill Ltd. (d)	114,900		2,667,473
Vtech Holdings Ltd.	466,000		4,955,468
TOTAL BERMUDA			16,355,644
British Virgin Islands - 1.1%
Albidon Ltd. unit (a)	1,469,000		77,759
Kalahari Energy (a)(i)	1,451,000		15
Playtech Ltd. (d)	845,876		5,870,523
Xcite Energy Ltd. (a)	1,815,300		2,128,220
TOTAL BRITISH VIRGIN ISLANDS			8,076,517
Canada - 1.7%
AirSea Lines (a)(i)	1,893,338		25
AirSea Lines warrants 8/4/11 (a)(i)	1,862,300		24
Banro Corp. (a)	637,400		1,116,124
Equinox Minerals Ltd. unit (a)	352,022		1,605,377
European Goldfields Ltd. (a)	854,800		5,978,902
Platmin Ltd. (a)	3,649,900		3,348,834
Rock Well Petroleum, Inc. (a)(i)	770,400		7
Starfield Resources, Inc. (a)	4,328,075		252,624
TOTAL CANADA			12,301,917
Cayman Islands - 2.0%
Bosideng International Holdings Ltd.	1,440,000		444,931
China Dongxiang Group Co. Ltd.	657,000		372,166
China High Precision Automation Group Ltd. (a)	712,000		433,571
China Lilang Ltd.	276,000		305,226
China Real Estate Information Corp. ADR (d)	57,600		533,376
CNinsure, Inc. ADR (d)	31,900		752,202
Ctrip.com International Ltd. sponsored ADR (a)	43,900		1,767,414
Daphne International Holdings Ltd.	1,392,000		1,288,507
EVA Precision Industrial Holdings Ltd.	2,036,000		1,048,471
Fook Woo Group Holdings Ltd.	1,099,000		370,696
Hengdeli Holdings Ltd.	1,124,000		515,152
Kingdee International Software Group Co. Ltd.	1,898,000		799,029
Common Stocks - continued
	Shares		Value
Cayman Islands - continued
Little Sheep Group Ltd.	614,000		$ 364,408
Maoye International Holdings Ltd.	938,000		384,015
Marwyn Value Investors II Ltd. (a)	1,846,800		2,128,943
Neo-Neon Holdings Ltd.	804,000		467,857
Orchid Developments Group Ltd. (a)	1,211,000		569,800
PCD Stores Group Ltd.	852,000		270,929
Perfect World Co. Ltd. sponsored ADR Class B (a)	21,900		511,584
Sino-Life Group Ltd. (a)	1,644,000		218,001
VST Holdings Ltd.	1,268,000		404,846
Yip's Chemical Holdings Ltd.	592,000		599,050
TOTAL CAYMAN ISLANDS			14,550,174
China - 1.4%
51job, Inc. sponsored ADR (a)	24,000		605,040
AMVIG Holdings Ltd.	764,000		422,942
Baidu.com, Inc. sponsored ADR (a)	13,200		1,074,612
BYD Co. Ltd. (H Shares)	27,000		185,793
China Metal Recycling (Holdings) Ltd.	333,600		330,272
Dalian Port (PDA) Co. Ltd. (H Shares)	1,786,000		772,573
Digital China Holdings Ltd. (H Shares)	239,000		387,692
Focus Media Holding Ltd. ADR (a)(d)	15,300		277,389
Global Bio-Chem Technology Group Co. Ltd.	2,074,800		336,562
Harbin Power Equipment Co. Ltd. (H Shares)	492,000		430,718
Minth Group Ltd.	698,000		1,047,786
People's Food Holdings Ltd.	992,000		488,742
Royale Furniture Holdings Ltd.	1,854,000		515,564
Sino Prosper State Gold Resources Holdings, Ltd. (a)	74,820,000		1,733,840
Weiqiao Textile Co. Ltd. (H Shares)	2,055,500		1,431,639
TOTAL CHINA			10,041,164
Cyprus - 1.0%
Buried Hill Energy (Cyprus) PCL (a)(i)	1,947,000		4,867,500
Mirland Development Corp. PLC (a)	781,900		2,207,398
TOTAL CYPRUS			7,074,898
Denmark - 0.6%
DSV de Sammensluttede Vognmaend AS	250,000		4,460,381
William Demant Holding AS (a)	200		14,658
TOTAL DENMARK			4,475,039
France - 8.5%
Altamir Amboise (a)	544,400		3,696,723
ALTEN	114,000		3,350,522
Common Stocks - continued
	Shares		Value
France - continued
Audika SA	113,113		$ 2,972,105
Compagnie Generale de Geophysique SA (a)	92,400		1,783,871
Delachaux SA	80,541		5,038,709
Devoteam SA	38,800		873,849
Faiveley Transport	50,672		3,872,122
Iliad Group SA	46,742		4,115,226
Ipsos SA	184,600		7,339,454
Laurent-Perrier Group	20,860		1,854,485
LeGuide.com SA (a)(d)	85,800		2,516,117
Maisons France Confort (d)	89,444		3,578,909
Meetic	187,600		5,330,284
Sartorius Stedim Biotech	53,700		2,266,973
SeLoger.com	198,800		7,850,911
Sopra Group SA	37,800		2,685,031
SR Teleperformance SA	97,900		2,480,504
TOTAL FRANCE			61,605,795
Germany - 10.2%
CENTROTEC Sustainable AG (a)	131,581		2,358,071
CTS Eventim AG	111,908		5,714,610
Delticom AG	131,200		6,693,776
Drillisch AG	679,100		4,072,368
ElringKlinger AG	184,000		4,946,213
Freenet AG	164,700		1,760,012
GFK AG	142,601		5,317,426
HeidelbergCement AG	119,666		6,027,332
KROMI Logistik AG (a)	118,100		1,277,583
Lanxess AG	121,885		5,853,153
Pfleiderer AG (a)	226,800		1,386,659
Rational AG (d)	17,901		2,935,074
SMA Solar Technology AG	31,200		3,857,030
Software AG (Bearer)	63,900		7,125,785
STRATEC Biomedical Systems AG	77,910		2,915,328
Tom Tailor Holding AG	204,300		2,929,018
United Internet AG	229,793		2,845,257
Wacker Chemie AG (d)	40,000		6,420,302
TOTAL GERMANY			74,434,997
Greece - 0.3%
Babis Vovos International Technical SA (a)	149,200		558,100
Jumbo SA	161,000		1,280,020
TOTAL GREECE			1,838,120
Common Stocks - continued
	Shares		Value
Hong Kong - 1.2%
Dah Sing Financial Holdings Ltd. (a)	98,800		$ 605,456
Galaxy Entertainment Group Ltd. (a)	1,498,000		997,060
I.T Ltd.	2,064,000		741,366
REXCAPITAL Financial Holdings Ltd.	3,875,000		339,234
Singamas Container Holdings Ltd. (a)	5,154,000		1,088,196
Techtronic Industries Co. Ltd.	3,251,000		2,682,834
Texwinca Holdings Ltd.	1,700,000		1,739,942
Tian An China Investments Co. Ltd.	669,000		436,669
TOTAL HONG KONG			8,630,757
Iceland - 0.8%
Ossur hf (a)	3,457,100		5,926,112
India - 0.1%
Educomp Solutions Ltd.	24,874		325,826
Geodesic Ltd.	256,340		486,872
The Jammu & Kashmir Bank Ltd.	13,403		223,027
TOTAL INDIA			1,035,725
Indonesia - 0.2%
PT Ciputra Development Tbk (a)	14,191,500		603,219
PT Lippo Karawaci Tbk (a)	9,290,500		504,016
PT Mayora Indah Tbk	168,500		155,495
PT Media Nusantara Citra Tbk	9,392,500		315,185
TOTAL INDONESIA			1,577,915
Ireland - 0.8%
James Hardie Industries NV unit (a)	132,009		777,609
Kenmare Resources PLC (a)	14,887,700		3,093,858
Petroceltic International PLC (a)	11,142,200		1,616,477
Vimio PLC (a)	867,300		14
TOTAL IRELAND			5,487,958
Isle of Man - 1.3%
Exillon Energy PLC	1,511,200		4,147,791
IBS Group Holding Ltd. GDR (Reg. S) (a)	317,700		5,590,003
TOTAL ISLE OF MAN			9,737,794
Italy - 0.8%
Seldovia Native Association, Inc. (SNAI) (a)(d)	324,790		1,276,295
Tod's SpA	60,255		4,590,275
TOTAL ITALY			5,866,570
Common Stocks - continued
	Shares		Value
Japan - 26.1%
ABC-Mart, Inc.	50,700		$ 1,648,447
Air Water, Inc.	122,000		1,326,931
Aozora Bank Ltd.	1,239,000		1,648,655
AQ Interactive, Inc. (d)	705		1,331,281
ARCS Co. Ltd.	133,600		1,794,731
Arnest One Corp.	44,100		495,981
Asahi Co. Ltd. (d)	58,000		862,366
Asahi Intecc Co. Ltd.	203,400		3,530,228
ASKUL Corp.	96,000		1,883,899
Bank of Kyoto Ltd.	231,000		1,927,116
Cellseed, Inc.	11,700		163,671
Central Glass Co. Ltd.	380,000		1,472,953
Chiba Bank Ltd.	325,000		1,985,537
Chiyoda Corp.	297,000		2,137,507
CMIC Co. Ltd.	3,350		982,227
Cosmos Pharmaceutical Corp.	27,200		685,468
Create SD Holdings Co. Ltd.	48,200		1,021,165
Credit Saison Co. Ltd.	173,200		2,200,447
Culture Convenience Club Co. Ltd. (d)	211,800		894,498
CyberAgent, Inc. (d)	1,049		1,541,487
Dai-ichi Seiko Co. Ltd. (d)	48,500		2,031,472
Daicel Chemical Industries Ltd.	425,000		3,009,546
Daihen Corp.	373,000		1,588,244
Digital Garage, Inc.	927		1,362,210
Don Quijote Co. Ltd.	95,100		2,475,846
Ebara Corp. (a)	429,000		1,633,104
EPS Co. Ltd.	742		1,927,440
Exedy Corp.	147,000		4,252,242
Ferrotec Corp.	145,900		1,502,470
FreeBit Co., Ltd. (d)	358		1,067,062
Fuji Oil Co. Ltd.	168,800		2,492,205
Fujikura Ltd.	186,000		873,775
Furukawa Electric Co. Ltd.	214,000		950,836
Furuya Metal Co. Ltd. (d)	33,400		2,005,739
Glory Ltd.	25,900		602,660
GREE, Inc. (d)	46,500		3,814,695
Hoshizaki Electric Co. Ltd. (d)	62,400		1,094,572
Ibiden Co. Ltd.	97,300		2,905,771
Isetan Mitsukoshi Holdings Ltd.	124,000		1,170,772
Itochu Corp.	196,600		1,533,218
Japan Steel Works Ltd.	110,000		1,061,498
JP-Holdings, Inc.	73,700		1,351,629
Common Stocks - continued
	Shares		Value
Japan - continued
JTEKT Corp.	159,200		$ 1,545,488
Kandenko Co. Ltd.	226,000		1,341,487
Kenedix Realty Investment Corp.	573		1,881,601
Kimoto Co. Ltd. (d)	228,600		1,224,666
KOMERI Co. Ltd.	66,600		1,568,192
Kuraray Co. Ltd.	283,500		3,555,846
Maeda Corp.	319,000		852,635
Makino Milling Machine Co. Ltd. (a)	244,000		1,468,094
Marui Group Co. Ltd.	175,800		1,232,685
Maruwa Ceramic Co. Ltd.	59,500		1,371,409
McDonald's Holdings Co. (Japan) Ltd.	106,200		2,374,063
Meiko Electronics Co. Ltd.	96,300		1,949,957
Message Co. Ltd.	1,094		2,525,346
Micronics Japan Co. Ltd.	60,500		784,032
Minebea Ltd.	517,000		2,853,445
Mitsubishi UFJ Lease & Finance Co. Ltd.	85,010		2,990,227
Mitsumi Electric Co. Ltd.	104,800		1,751,012
mixi, Inc. (d)	355		1,893,607
Nabtesco Corp.	226,000		3,577,298
NHK Spring Co. Ltd.	244,000		2,241,666
Nichi-iko Pharmaceutical Co. Ltd.	41,100		1,481,360
Nichicon Corp. (d)	165,500		2,144,750
Nihon M&A Center, Inc. (d)	426		1,359,454
Nippon Ceramic Co. Ltd.	27,700		395,829
Nippon Denko Co. Ltd.	138,000		820,735
Nippon Electric Glass Co. Ltd.	45,000		573,272
Nippon Shinyaku Co. Ltd.	83,000		1,017,032
Nippon Signal Co. Ltd.	203,000		1,524,408
Nomura Real Estate Residential Fund, Inc.	400		1,601,388
NTT Urban Development Co.	1,414		1,146,907
Osaka Securities Exchange Co. Ltd.	222		1,104,542
OSAKA Titanium technologies Co. Ltd.	3,300		141,279
Otsuka Corp.	42,900		2,799,607
Pigeon Corp.	40,400		1,488,852
Riso Kagaku Corp.	126,300		1,196,872
Rohto Pharmaceutical Co. Ltd.	224,000		2,749,945
Sanken Electric Co. Ltd. (a)	138,000		541,302
Sankyu, Inc.	264,000		1,114,955
Santen Pharmaceutical Co. Ltd.	87,200		2,917,933
Sawada Holdings Co. Ltd. (a)	192,000		975,273
Sekisui Chemical Co. Ltd.	303,000		2,054,475
Shimadzu Corp.	386,000		2,956,691
Common Stocks - continued
	Shares		Value
Japan - continued
Shimamura Co. Ltd.	26,200		$ 2,373,688
Shin-Kobe Electric Machinery Co. Ltd. (d)	244,000		2,052,508
Shindengen Electric Co. Ltd. (a)	155,000		590,049
Shizuoka Gas Co. Ltd.	88,000		591,588
SHO-BOND Holdings Co. Ltd.	132,500		2,827,075
Simplex Technology, Inc. (d)	1,189		914,880
So-net M3, Inc. (d)	575		2,601,388
Sony Financial Holdings, Inc.	537		1,947,926
SRI Sports Ltd.	886		902,146
Stella Chemifa Corp.	16,200		641,065
Sumitomo Osaka Cement Co. Ltd.	566,000		1,060,943
Sumitomo Trust & Banking Co. Ltd.	450,000		2,504,484
Sysmex Corp. (d)	20,300		1,167,382
Taisho Pharmaceutical Co. Ltd.	75,000		1,457,911
Takata Corp.	92,600		1,831,107
Takeei Corp.	71,100		962,534
The Suruga Bank Ltd.	221,000		1,992,005
Toho Co. Ltd.	109,300		1,803,434
Tokyu Livable, Inc.	176,100		1,752,340
Toto Ltd.	342,000		2,330,784
Towa Corp. (a)(d)	243,300		1,827,037
Toyo Tanso Co. Ltd. (d)	42,500		2,146,514
Toyota Boshoku Corp.	37,100		586,388
Ube Industries Ltd.	864,000		2,159,375
Ulvac, Inc.	96,100		1,890,310
Yamatake Corp.	131,900		3,369,803
Yamato Kogyo Co. Ltd.	75,800		1,848,845
Yamazaki Baking Co. Ltd.	72,000		912,236
Yokohama Rubber Co. Ltd.	322,000		1,721,307
TOTAL JAPAN			190,098,270
Korea (South) - 1.1%
CJ Home Shopping (a)	10,059		986,551
Daou Technology, Inc.	197,150		1,225,155
Hyosung Corp.	6,493		450,708
Interpark Corp. (a)	75,279		288,323
Jusung Engineering Co. Ltd. (a)	43,990		807,088
KC Tech Co. Ltd.	126,140		607,903
Lock & Lock Co. Ltd.	19,170		561,607
MNTECH Co. Ltd.	76,840		688,653
NCsoft Corp.	2,221		353,031
Power Logics Co. Ltd. (a)	41,248		272,371
Common Stocks - continued
	Shares		Value
Korea (South) - continued
Sodiff Advanced Materials Co. Ltd.	3,940		$ 372,763
The Basic House Co. Ltd. (a)	96,550		1,220,395
TK Corp. (a)	17,649		342,460
TOTAL KOREA (SOUTH)			8,177,008
Luxembourg - 0.4%
GlobeOp Financial Services SA	594,385		2,656,865
Malaysia - 0.2%
JobStreet Corp. Bhd	1,223,100		787,548
Masterskill Education Group Bhd	478,400		637,115
Top Glove Corp. Bhd	113,400		236,506
TOTAL MALAYSIA			1,661,169
Netherlands - 1.9%
Gemalto NV	190,440		7,818,614
SMARTRAC NV (a)	104,600		1,993,832
Wavin NV (a)	273,912		3,927,035
TOTAL NETHERLANDS			13,739,481
Norway - 2.1%
Aker Solutions ASA	206,500		2,677,513
IMAREX NOS ASA (a)	142,100		1,169,836
Renewable Energy Corp. ASA (a)(d)	1,111,942		3,061,113
Schibsted ASA (B Shares)	275,400		6,166,856
Sevan Marine ASA (a)(d)	2,000,000		2,033,424
TOTAL NORWAY			15,108,742
Papua New Guinea - 0.1%
Lihir Gold Ltd.	127,700		474,628
Philippines - 0.0%
Alliance Global Group, Inc.	2,595,000		327,759
Singapore - 1.6%
CSE Global Ltd.	1,005,000		709,464
Goodpack Ltd.	1,673,000		2,079,101
Hyflux Ltd.	440,000		1,045,077
Oceanus Group Ltd. (a)	2,071,000		472,101
Pertama Holdings Ltd. (e)	21,516,000		5,933,157
Raffles Medical Group Ltd.	431,000		621,193
Yanlord Land Group Ltd.	521,000		712,597
TOTAL SINGAPORE			11,572,690
Common Stocks - continued
	Shares		Value
South Africa - 0.4%
Blue Label Telecoms Ltd. (a)	4,787,200		$ 2,946,757
Spain - 0.3%
Obrascon Huarte Lain SA	73,400		1,920,014
Sweden - 1.4%
Elekta AB (B Shares)	252,800		7,330,430
Modern Times Group MTG AB (B Shares)	44,100		2,765,262
XCounter AB (a)	1,108,000		86,889
TOTAL SWEDEN			10,182,581
Switzerland - 1.5%
Bank Sarasin & Co. Ltd. Series B (Reg.)	18,166		673,235
Basilea Pharmaceutica AG (a)	9,770		534,205
Lonza Group AG	46,363		3,601,139
Panalpina Welttransport Holding AG (a)	26,080		2,352,471
VZ Holding AG (d)	42,690		3,494,141
TOTAL SWITZERLAND			10,655,191
Thailand - 0.1%
Asian Property Development PCL (For. Reg.)	1,836,200		352,023
BEC World PCL (For. Reg.)	337,000		312,616
Total Access Communication PCL unit	185,900		271,607
TOTAL THAILAND			936,246
United Kingdom - 17.4%
Abcam PLC	246,700		5,881,249
Antisoma PLC (a)(d)	2,397,700		199,309
Ashmore Group PLC	1,109,700		4,913,300
Asset Realisation Co. PLC (a)	340,000		5
Aurelian Oil & Gas PLC (a)	3,923,800		2,353,939
Avanti Communications Group PLC (a)	661,500		4,876,234
Aveva Group PLC	188,500		3,932,057
Blinkx PLC (a)(d)	3,062,000		2,773,410
Bond International Software PLC	617,066		474,225
Borders & Southern Petroleum PLC (a)	698,500		766,869
Cadogan Petroleum PLC (a)	1,406,300		363,931
Centurion Electronics PLC (a)(e)	748,299		12
Ceres Power Holdings PLC (a)(d)	406,200		503,296
China Goldmines PLC (a)	669,353		220,461
Connaught PLC	1,195,700		667,995
Conygar Investment Co. PLC (a)	2,333,700		4,090,246
Cove Energy PLC (a)	2,629,300		2,824,799
CPP Group PLC	29,575		111,418
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Craneware PLC	877,400		$ 5,435,651
Datacash Group PLC	1,241,380		4,770,102
DTZ Holdings PLC (a)	1,804,400		1,634,337
Eaga PLC	245,794		408,634
EMIS Group PLC (a)	376,245		1,942,913
European Nickel PLC (a)	2,276,950		767,801
Faroe Petroleum PLC (a)	458,447		1,202,575
GoIndustry-DoveBid PLC (a)	22,589		26,217
Hays PLC	2,007,843		2,843,638
Icap PLC	252,000		1,584,900
Ideal Shopping Direct PLC (a)	234,592		597,893
IG Group Holdings PLC	1,264,300		9,395,110
Inchcape PLC (a)	778,720		3,648,156
Jubilee Platinum PLC (a)	2,729,847		1,198,818
Keronite PLC (a)(i)	13,620,267		106,810
Monitise PLC (a)	4,154,500		1,417,212
Mothercare PLC	501,800		4,108,261
NCC Group Ltd.	228,315		1,523,670
Northgate PLC (a)	493,500		1,424,170
Ocado Group PLC (a)	1,125,700		2,948,465
Pureprofile Media PLC (a)(i)	1,108,572		434,671
Redhall Group PLC	519,600		1,116,469
Regenersis PLC (a)	1,367,300		755,927
Rockhopper Exploration PLC (a)	312,600		1,514,971
Royalblue Group PLC	197,842		4,539,622
Salamander Energy PLC (a)	697,200		2,628,746
SDL PLC (a)	691,862		5,837,926
SIG PLC (a)	1,479,300		2,347,976
Silverdell PLC (a)	4,958,000		622,090
Sinclair Pharma PLC (a)	3,003,544		1,295,459
Sphere Medical Holding PLC (a)(i)	555,599		1,481,383
SR Pharma PLC (a)	5,388,700		470,756
Sthree PLC	541,709		2,221,747
Synergy Health PLC	274,953		2,878,502
Ted Baker PLC	293,100		2,452,489
TMO Biotec (a)(i)	1,000,000		392,100
Travis Perkins PLC (a)	248,700		3,290,165
Valiant Petroleum PLC (a)	156,200		1,678,141
Wellstream Holdings PLC	434,600		3,418,358
Xchanging PLC	1,521,100		4,771,386
Zenergy Power PLC (a)	855,520		872,168
TOTAL UNITED KINGDOM			126,959,140
Common Stocks - continued
	Shares		Value
United States of America - 0.5%
CTC Media, Inc. (d)	183,400		$ 3,306,702
Mudalla Technology, Inc. (a)	996,527		16
Sohu.com, Inc. (a)	5,400		253,908
XL TechGroup, Inc. (a)	1,329,250		21
TOTAL UNITED STATES OF AMERICA			3,560,647
TOTAL COMMON STOCKS (Cost $712,643,105)		704,755,838
Investment Companies - 0.0%

Bailiwick of Guernsey - 0.0%
Brookwell Ltd. Class A (e) (Cost $621,868)	213,047		175,425

Government Obligations - 0.1%
		Principal Amount
Germany - 0.1%
German Federal Republic 0.3042% to 0.3245% 9/29/10 (h) (Cost $707,489)	EUR	550,000	716,534

Money Market Funds - 6.9%
	Shares
Fidelity Cash Central Fund, 0.24% (b)	23,367,650		23,367,650
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	26,656,706		26,656,706
TOTAL MONEY MARKET FUNDS (Cost $50,024,356)		50,024,356
TOTAL INVESTMENT PORTFOLIO - 103.8% (Cost $763,996,818)			755,672,153
NET OTHER ASSETS (LIABILITIES) - (3.8)%			(27,650,699)
NET ASSETS - 100%		$ 728,021,454

Futures Contracts
	Expiration Date	Underlying Face Amount at Value	Unrealized Appreciation/ (Depreciation)
Purchased
Equity Index Contracts
119 Dow Jones Euro Stoxx 50 Index Contracts (Germany)	Sept. 2010	$ 4,257,458	$ 66,296

Currency Abbreviations
EUR	-	European Monetary Unit

Legend

(a) Non-income producing

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

(e) Affiliated company

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

(h) 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 $716,534.

Additional information on each holding is as follows:

Security	Acquisition Date	Acquisition Cost
AirSea Lines	8/4/06	$ 931,150
AirSea Lines warrants 8/4/11	8/4/06	$ 2
Buried Hill Energy (Cyprus) PCL	8/18/06	$ 2,141,700
Kalahari Energy	9/1/06	$ 1,813,750
Keronite PLC	8/16/06	$ 817,216
Pureprofile Media PLC	5/3/05 - 1/11/06	$ 640,000
Rock Well Petroleum, Inc.	4/13/06	$ 1,155,600
Sphere Medical Holding PLC	8/27/08 - 3/16/10	$ 944,518
TMO Biotec	10/27/05	$ 300,000

Other Affiliated Issuers

Affiliates	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Brookwell Ltd. Class A	$ 1,078,606	$ -	$ 724,601	$ -	$ 175,425
Centurion Electronics PLC	12	-	-	-	12
Pertama Holdings Ltd.	-	5,470,243	45,460	-	5,933,157
Total	$ 1,078,618	$ 5,470,243	$ 770,061	$ -	$ 6,108,594

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	$ 35,495
Fidelity Securities Lending Cash Central Fund	650,870
Total	$ 686,365

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Japan	$ 190,098,270	$ 190,098,270	$ -	$ -
United Kingdom	126,959,140	124,544,159	-	2,414,981
Germany	74,434,997	74,434,997	-	-
France	61,605,795	59,821,924	1,783,871	-
Australia	50,151,617	50,151,617	-	-
Bermuda	16,355,644	16,355,644	-	-
Norway	15,108,742	15,108,742	-	-
Cayman Islands	14,550,174	13,980,374	-	569,800
Netherlands	13,739,481	13,739,481	-	-
Canada	12,301,917	12,301,861	-	56
British Virgin Islands	8,076,517	7,998,743	-	77,774
Cyprus	7,074,898	2,207,398	-	4,867,500
Ireland	5,487,958	5,487,944	-	14
United States of America	3,560,647	3,560,610	-	37
Other	105,250,041	104,775,413	474,628	-
Investment Companies	175,425	175,425	-	-
Government Obligations	716,534	-	716,534	-
Money Market Funds	50,024,356	50,024,356	-	-
Total Investments in Securities:	$ 755,672,153	$ 744,766,958	$ 2,975,033	$ 7,930,162
Derivative Instruments:
Assets
Futures Contracts	$ 66,296	$ 66,296	$ -	$ -

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

Investments in Securities:
Equities - Cyprus
Beginning Balance	$ 4,030,290
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	837,210
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfers in to Level 3	-
Transfers out of Level 3	-
Ending Balance	$ 4,867,500
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ 837,210
Equities - United Kingdom
Beginning Balance	$ 3,323,654
Total Realized Gain (Loss)	(2,360,190)
Total Unrealized Gain (Loss)	2,283,644
Cost of Purchases	351,644
Proceeds of Sales	(20,851)
Amortization/Accretion	-
Transfers in to Level 3	-
Transfers out of Level 3	(1,162,920)
Ending Balance	$ 2,414,981
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ (76,507)
Equities - Cayman Islands
Beginning Balance	$ -
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	(314,958)
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfers in to Level 3	884,758
Transfers out of Level 3	-
Ending Balance	$ 569,800
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ (314,958)
Equities - British Virgin Islands
Beginning Balance	$ 952,217
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	(874,443)
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfers in to Level 3	-
Transfers out of Level 3	-
Ending Balance	$ 77,774
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ (874,443)
Equities - Canada
Beginning Balance	$ 62
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	(6)
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfers in to Level 3	-
Transfers out of Level 3	-
Ending Balance	$ 56
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ (6)
Equities - United States of America
Beginning Balance	$ 38
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	64,885
Cost of Purchases	-
Proceeds of Sales	(64,886)
Amortization/Accretion	-
Transfers in to Level 3	-
Transfers out of Level 3	-
Ending Balance	$ 37
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ 64,885
Equities - Ireland
Beginning Balance	$ 14
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	-
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfers in to Level 3	-
Transfers out of Level 3	-
Ending Balance	$ 14
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ -
Equities - Bermuda
Beginning Balance	$ 9,830
Total Realized Gain (Loss)	(1,060,462)
Total Unrealized Gain (Loss)	1,105,453
Cost of Purchases	-
Proceeds of Sales	(54,821)
Amortization/Accretion	-
Transfers in to Level 3	-
Transfers out of Level 3	-
Ending Balance	$ -
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ -
Equities - Australia
Beginning Balance	$ 135
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	-
Cost of Purchases	-
Proceeds of Sales	(135)
Amortization/Accretion	-
Transfers in to Level 3	-
Transfers out of Level 3	-
Ending Balance	$ -
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ -

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 and are categorized as Level 1 in the hierarchy. 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 or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in significant transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Quarterly Report

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® International Small Cap
Opportunities Fund

July 31, 2010

1..834743.104

ILS-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.9%
	Shares		Value
Australia - 1.1%
MAp Group unit	1,365,958		$ 3,658,522
OZ Minerals Ltd. (a)	812,654		904,456
TOTAL AUSTRALIA			4,562,978
Austria - 0.8%
Andritz AG	50,600		3,173,820
Bailiwick of Guernsey - 0.4%
Resolution Ltd. (d)	53,348		199,388
Resolution Ltd. rights 8/5/10 (a)	906,925		1,237,506
TOTAL BAILIWICK OF GUERNSEY			1,436,894
Bailiwick of Jersey - 1.9%
Informa PLC	875,236		5,386,554
Randgold Resources Ltd. sponsored ADR	24,600		2,211,048
TOTAL BAILIWICK OF JERSEY			7,597,602
Belgium - 1.3%
Gimv NV	39,800		1,960,812
Umicore SA	100,474		3,389,058
TOTAL BELGIUM			5,349,870
Bermuda - 1.6%
Aquarius Platinum Ltd. (Australia)	341,589		1,465,071
Great Eagle Holdings Ltd.	857,000		2,228,696
Seadrill Ltd.	34,398		798,571
Trinity Ltd.	2,904,000		1,865,589
TOTAL BERMUDA			6,357,927
Brazil - 4.5%
Banco ABC Brasil SA	560,300		4,432,057
BR Malls Participacoes SA	103,300		1,553,171
Braskem SA Class A sponsored ADR (d)	349,400		5,338,832
Fibria Celulose SA sponsored ADR (a)(d)	101,936		1,600,395
Iguatemi Empresa de Shopping Centers SA	73,800		1,467,187
MRV Engenharia e Participacoes SA	152,500		1,374,538
Multiplan Empreendimentos Imobiliarios SA	53,800		1,018,789
Odontoprev SA	116,500		1,096,432
TOTAL BRAZIL			17,881,401
Canada - 5.3%
Agnico-Eagle Mines Ltd. (Canada)	27,100		1,514,036
Eldorado Gold Corp.	110,600		1,796,799
Fairfax Financial Holdings Ltd. (sub. vtg.)	7,990		3,182,942
Common Stocks - continued
	Shares		Value
Canada - continued
Niko Resources Ltd.	50,400		$ 5,436,405
Open Text Corp. (a)	43,500		1,721,888
Pan American Silver Corp.	39,500		906,920
Petrobank Energy & Resources Ltd. (a)	138,800		5,718,352
Quadra FNX Mining Ltd. (a)	76,400		925,317
TOTAL CANADA			21,202,659
Cayman Islands - 1.0%
China Lilang Ltd. (d)	1,548,000		1,711,918
Vantage Drilling Co. (a)	725,331		964,690
Wynn Macau Ltd. (d)	762,000		1,296,896
TOTAL CAYMAN ISLANDS			3,973,504
China - 0.1%
China Hongxing Sports Ltd.	4,264,000		486,006
China Nepstar Chain Drugstore Ltd. ADR	31,900		96,338
TOTAL CHINA			582,344
Denmark - 0.5%
William Demant Holding AS (a)	28,533		2,091,189
Finland - 2.6%
Metso Corp.	61,500		2,425,521
Nokian Tyres PLC (d)	108,400		3,041,826
Outotec OYJ (d)	134,800		4,773,540
TOTAL FINLAND			10,240,887
France - 3.4%
Audika SA	120,384		3,163,154
Laurent-Perrier Group	25,463		2,263,699
Remy Cointreau SA (d)	46,516		2,542,681
Saft Groupe SA	114,419		3,922,812
Virbac SA	13,000		1,567,278
TOTAL FRANCE			13,459,624
Germany - 2.8%
Bilfinger Berger AG	44,776		2,556,407
Colonia Real Estate AG (a)	288,695		1,614,201
CTS Eventim AG	42,569		2,173,797
Fielmann AG	26,537		2,097,010
Software AG (Bearer)	24,227		2,701,665
TOTAL GERMANY			11,143,080
Common Stocks - continued
	Shares		Value
Greece - 0.6%
Terna Energy SA	483,751		$ 2,383,278
India - 0.5%
Jyothy Laboratories Ltd.	351,322		2,148,377
Ireland - 0.8%
James Hardie Industries NV sponsored ADR (a)	106,575		3,117,319
Israel - 0.4%
Partner Communications Co. Ltd. ADR	86,058		1,424,260
Italy - 2.3%
Azimut Holdings SpA	608,773		6,101,587
Interpump Group SpA (a)	535,858		2,898,404
TOTAL ITALY			8,999,991
Japan - 22.3%
Aozora Bank Ltd.	1,335,000		1,776,396
Asahi Co. Ltd. (d)	60,700		902,511
Autobacs Seven Co. Ltd.	102,200		3,801,828
Daikoku Denki Co. Ltd.	142,100		1,943,445
Daikokutenbussan Co. Ltd.	103,800		3,194,770
FCC Co. Ltd.	111,000		2,150,003
Fukuoka (REIT) Investment Fund	387		2,444,918
GCA Savvian Group Corp. (a)	1,553		1,581,302
Glory Ltd.	56,400		1,312,356
Goldcrest Co. Ltd.	47,150		963,458
Gunma Bank Ltd.	389,000		2,088,470
Japan Steel Works Ltd.	214,000		2,065,097
Kamigumi Co. Ltd.	246,000		1,929,858
Kobayashi Pharmaceutical Co. Ltd.	135,700		5,723,188
Kyoto Kimono Yuzen Co. Ltd.	109,900		1,093,596
Meiko Network Japan Co. Ltd.	120,500		856,083
Miraial Co. Ltd.	29,600		798,010
MS&AD Insurance Group Holdings, Inc.	34,660		770,400
Nabtesco Corp.	187,000		2,959,977
Nachi-Fujikoshi Corp.	843,000		2,506,809
Nagaileben Co. Ltd.	37,900		925,738
Nihon Parkerizing Co. Ltd.	162,000		2,084,397
Nippon Seiki Co. Ltd.	186,000		2,044,547
Nippon Thompson Co. Ltd.	767,000		5,067,480
Nitto Kohki Co. Ltd.	41,900		930,842
Obic Co. Ltd.	12,740		2,404,274
Osaka Securities Exchange Co. Ltd.	1,276		6,348,626
OSG Corp.	157,600		1,741,487
Common Stocks - continued
	Shares		Value
Japan - continued
SAZABY, Inc.	49,300		$ 741,568
SHO-BOND Holdings Co. Ltd.	111,700		2,383,278
Shoei Co. Ltd.	58,800		581,026
The Daishi Bank Ltd., Niigata	352,000		1,217,796
The Nippon Synthetic Chemical Industry Co. Ltd.	139,000		847,590
THK Co. Ltd.	105,700		2,087,705
Toho Holdings Co. Ltd.	138,600		2,071,984
Toridoll Corp.	505		924,397
Tsumura & Co.	75,000		2,255,424
Tsutsumi Jewelry Co. Ltd.	39,400		916,332
USS Co. Ltd.	88,540		6,659,066
Yamatake Corp.	78,000		1,992,757
Yamato Kogyo Co. Ltd.	158,700		3,870,866
TOTAL JAPAN			88,959,655
Korea (South) - 0.8%
NCsoft Corp.	5,672		901,573
NHN Corp. (a)	14,235		2,214,533
TOTAL KOREA (SOUTH)			3,116,106
Luxembourg - 0.3%
GlobeOp Financial Services SA	243,800		1,089,771
Netherlands - 2.9%
Aalberts Industries NV	192,200		2,864,512
ASM International NV unit (a)	170,800		4,345,152
Heijmans NV unit (a)	81,690		1,294,683
QIAGEN NV (a)	166,200		3,111,264
TOTAL NETHERLANDS			11,615,611
Norway - 0.3%
Sevan Marine ASA (a)	1,190,500		1,210,396
Papua New Guinea - 0.2%
Oil Search Ltd.	164,418		868,838
Philippines - 0.5%
Jollibee Food Corp.	1,270,500		2,162,850
Portugal - 0.4%
Jeronimo Martins SGPS SA	164,600		1,798,846
Singapore - 2.8%
Allgreen Properties Ltd.	2,765,000		2,378,888
Keppel Land Ltd.	321,000		953,629
Common Stocks - continued
	Shares		Value
Singapore - continued
Singapore Exchange Ltd.	974,000		$ 5,486,315
Wing Tai Holdings Ltd.	1,902,000		2,517,538
TOTAL SINGAPORE			11,336,370
South Africa - 3.1%
African Rainbow Minerals Ltd.	147,800		3,465,883
Clicks Group Ltd.	665,513		3,298,232
JSE Ltd.	232,281		2,260,937
Mr. Price Group Ltd.	475,900		3,294,105
TOTAL SOUTH AFRICA			12,319,157
Spain - 1.4%
Grifols SA (d)	80,332		895,505
Prosegur Compania de Seguridad SA (Reg.)	99,209		4,878,642
TOTAL SPAIN			5,774,147
Sweden - 1.0%
Intrum Justitia AB	166,800		1,918,038
Swedish Match Co.	80,600		1,903,893
TOTAL SWEDEN			3,821,931
Switzerland - 2.4%
Actelion Ltd. (a)	22,655		916,380
Bank Sarasin & Co. Ltd. Series B (Reg.)	141,200		5,232,893
Sonova Holding AG Class B	27,726		3,364,761
TOTAL SWITZERLAND			9,514,034
Turkey - 2.5%
Albaraka Turk Katilim Bankasi AS	1,130,000		1,949,181
Anadolu Efes Biracilik ve Malt Sanayiive Malt Sanayii SA	113,000		1,424,401
Asya Katilim Bankasi AS	1,266,000		3,158,071
Coca-Cola Icecek AS	230,000		2,395,674
Tupras-Turkiye Petrol Rafinerileri AS	37,800		858,920
TOTAL TURKEY			9,786,247
United Kingdom - 16.8%
AMEC PLC	135,700		1,858,022
Babcock International Group PLC	364,700		3,168,855
Begbies Traynor Group PLC	1,230,600		1,331,750
Bellway PLC	218,172		1,982,939
Britvic PLC	385,200		2,899,909
Cobham PLC	499,200		1,859,495
Dechra Pharmaceuticals PLC	173,400		1,128,636
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Derwent London PLC	76,900		$ 1,617,380
Great Portland Estates PLC	514,489		2,431,264
H&T Group PLC (d)	371,803		1,312,056
InterContinental Hotel Group PLC ADR	200,500		3,488,700
Johnson Matthey PLC	132,689		3,519,130
Meggitt PLC	715,316		3,356,730
Micro Focus International PLC	234,200		1,518,131
Mothercare PLC	323,401		2,647,699
Persimmon PLC (a)	266,563		1,476,231
Rotork PLC	76,300		1,807,001
Serco Group PLC	600,476		5,212,789
Shaftesbury PLC	441,732		2,771,250
Spectris PLC	204,487		2,900,889
Spirax-Sarco Engineering PLC	202,230		4,951,141
SSL International PLC	114,571		2,122,176
Ted Baker PLC	249,000		2,083,486
Ultra Electronics Holdings PLC	100,669		2,548,333
Unite Group PLC (a)	1,275,070		3,793,658
Victrex PLC	176,582		3,378,805
TOTAL UNITED KINGDOM			67,166,455
United States of America - 9.3%
Advanced Energy Industries, Inc. (a)	145,119		2,555,546
Autoliv, Inc.	80,600		4,629,664
Cymer, Inc. (a)	65,600		2,183,168
Dril-Quip, Inc. (a)	33,100		1,730,468
Evercore Partners, Inc. Class A	42,700		1,002,596
ION Geophysical Corp. (a)	411,089		1,804,681
Juniper Networks, Inc. (a)	108,200		3,005,796
Kansas City Southern (a)	84,300		3,093,810
Lam Research Corp. (a)	20,503		865,022
Martin Marietta Materials, Inc. (d)	21,900		1,870,260
Mohawk Industries, Inc. (a)(d)	86,000		4,207,980
PriceSmart, Inc.	236,296		6,616,288
ResMed, Inc. (a)	41,800		2,745,842
Solutia, Inc. (a)	66,156		933,461
TOTAL UNITED STATES OF AMERICA			37,244,582
TOTAL COMMON STOCKS (Cost $325,571,835)		394,912,000
Money Market Funds - 6.7%
	Shares		Value
Fidelity Cash Central Fund, 0.24% (b)	11,170,732		$ 11,170,732
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	15,622,950		15,622,950
TOTAL MONEY MARKET FUNDS (Cost $26,793,682)		26,793,682
TOTAL INVESTMENT PORTFOLIO - 105.6% (Cost $352,365,517)			421,705,682
NET OTHER ASSETS (LIABILITIES) - (5.6)%			(22,386,365)
NET ASSETS - 100%		$ 399,319,317

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	$ 8,393
Fidelity Securities Lending Cash Central Fund	228,360
Total	$ 236,753

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, 2010, the cost of investment securities for income tax purposes was $355,267,563. Net unrealized appreciation aggregated $66,438,119, of which $79,973,705 related to appreciated investment securities and $13,535,586 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 and are categorized as Level 1 in the hierarchy. 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 or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in significant transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Quarterly Report

Quarterly Holdings Report

for

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

July 31, 2010

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

1.834740.104

AILS-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.9%
	Shares		Value
Australia - 1.1%
MAp Group unit	1,365,958		$ 3,658,522
OZ Minerals Ltd. (a)	812,654		904,456
TOTAL AUSTRALIA			4,562,978
Austria - 0.8%
Andritz AG	50,600		3,173,820
Bailiwick of Guernsey - 0.4%
Resolution Ltd. (d)	53,348		199,388
Resolution Ltd. rights 8/5/10 (a)	906,925		1,237,506
TOTAL BAILIWICK OF GUERNSEY			1,436,894
Bailiwick of Jersey - 1.9%
Informa PLC	875,236		5,386,554
Randgold Resources Ltd. sponsored ADR	24,600		2,211,048
TOTAL BAILIWICK OF JERSEY			7,597,602
Belgium - 1.3%
Gimv NV	39,800		1,960,812
Umicore SA	100,474		3,389,058
TOTAL BELGIUM			5,349,870
Bermuda - 1.6%
Aquarius Platinum Ltd. (Australia)	341,589		1,465,071
Great Eagle Holdings Ltd.	857,000		2,228,696
Seadrill Ltd.	34,398		798,571
Trinity Ltd.	2,904,000		1,865,589
TOTAL BERMUDA			6,357,927
Brazil - 4.5%
Banco ABC Brasil SA	560,300		4,432,057
BR Malls Participacoes SA	103,300		1,553,171
Braskem SA Class A sponsored ADR (d)	349,400		5,338,832
Fibria Celulose SA sponsored ADR (a)(d)	101,936		1,600,395
Iguatemi Empresa de Shopping Centers SA	73,800		1,467,187
MRV Engenharia e Participacoes SA	152,500		1,374,538
Multiplan Empreendimentos Imobiliarios SA	53,800		1,018,789
Odontoprev SA	116,500		1,096,432
TOTAL BRAZIL			17,881,401
Canada - 5.3%
Agnico-Eagle Mines Ltd. (Canada)	27,100		1,514,036
Eldorado Gold Corp.	110,600		1,796,799
Fairfax Financial Holdings Ltd. (sub. vtg.)	7,990		3,182,942
Common Stocks - continued
	Shares		Value
Canada - continued
Niko Resources Ltd.	50,400		$ 5,436,405
Open Text Corp. (a)	43,500		1,721,888
Pan American Silver Corp.	39,500		906,920
Petrobank Energy & Resources Ltd. (a)	138,800		5,718,352
Quadra FNX Mining Ltd. (a)	76,400		925,317
TOTAL CANADA			21,202,659
Cayman Islands - 1.0%
China Lilang Ltd. (d)	1,548,000		1,711,918
Vantage Drilling Co. (a)	725,331		964,690
Wynn Macau Ltd. (d)	762,000		1,296,896
TOTAL CAYMAN ISLANDS			3,973,504
China - 0.1%
China Hongxing Sports Ltd.	4,264,000		486,006
China Nepstar Chain Drugstore Ltd. ADR	31,900		96,338
TOTAL CHINA			582,344
Denmark - 0.5%
William Demant Holding AS (a)	28,533		2,091,189
Finland - 2.6%
Metso Corp.	61,500		2,425,521
Nokian Tyres PLC (d)	108,400		3,041,826
Outotec OYJ (d)	134,800		4,773,540
TOTAL FINLAND			10,240,887
France - 3.4%
Audika SA	120,384		3,163,154
Laurent-Perrier Group	25,463		2,263,699
Remy Cointreau SA (d)	46,516		2,542,681
Saft Groupe SA	114,419		3,922,812
Virbac SA	13,000		1,567,278
TOTAL FRANCE			13,459,624
Germany - 2.8%
Bilfinger Berger AG	44,776		2,556,407
Colonia Real Estate AG (a)	288,695		1,614,201
CTS Eventim AG	42,569		2,173,797
Fielmann AG	26,537		2,097,010
Software AG (Bearer)	24,227		2,701,665
TOTAL GERMANY			11,143,080
Common Stocks - continued
	Shares		Value
Greece - 0.6%
Terna Energy SA	483,751		$ 2,383,278
India - 0.5%
Jyothy Laboratories Ltd.	351,322		2,148,377
Ireland - 0.8%
James Hardie Industries NV sponsored ADR (a)	106,575		3,117,319
Israel - 0.4%
Partner Communications Co. Ltd. ADR	86,058		1,424,260
Italy - 2.3%
Azimut Holdings SpA	608,773		6,101,587
Interpump Group SpA (a)	535,858		2,898,404
TOTAL ITALY			8,999,991
Japan - 22.3%
Aozora Bank Ltd.	1,335,000		1,776,396
Asahi Co. Ltd. (d)	60,700		902,511
Autobacs Seven Co. Ltd.	102,200		3,801,828
Daikoku Denki Co. Ltd.	142,100		1,943,445
Daikokutenbussan Co. Ltd.	103,800		3,194,770
FCC Co. Ltd.	111,000		2,150,003
Fukuoka (REIT) Investment Fund	387		2,444,918
GCA Savvian Group Corp. (a)	1,553		1,581,302
Glory Ltd.	56,400		1,312,356
Goldcrest Co. Ltd.	47,150		963,458
Gunma Bank Ltd.	389,000		2,088,470
Japan Steel Works Ltd.	214,000		2,065,097
Kamigumi Co. Ltd.	246,000		1,929,858
Kobayashi Pharmaceutical Co. Ltd.	135,700		5,723,188
Kyoto Kimono Yuzen Co. Ltd.	109,900		1,093,596
Meiko Network Japan Co. Ltd.	120,500		856,083
Miraial Co. Ltd.	29,600		798,010
MS&AD Insurance Group Holdings, Inc.	34,660		770,400
Nabtesco Corp.	187,000		2,959,977
Nachi-Fujikoshi Corp.	843,000		2,506,809
Nagaileben Co. Ltd.	37,900		925,738
Nihon Parkerizing Co. Ltd.	162,000		2,084,397
Nippon Seiki Co. Ltd.	186,000		2,044,547
Nippon Thompson Co. Ltd.	767,000		5,067,480
Nitto Kohki Co. Ltd.	41,900		930,842
Obic Co. Ltd.	12,740		2,404,274
Osaka Securities Exchange Co. Ltd.	1,276		6,348,626
OSG Corp.	157,600		1,741,487
Common Stocks - continued
	Shares		Value
Japan - continued
SAZABY, Inc.	49,300		$ 741,568
SHO-BOND Holdings Co. Ltd.	111,700		2,383,278
Shoei Co. Ltd.	58,800		581,026
The Daishi Bank Ltd., Niigata	352,000		1,217,796
The Nippon Synthetic Chemical Industry Co. Ltd.	139,000		847,590
THK Co. Ltd.	105,700		2,087,705
Toho Holdings Co. Ltd.	138,600		2,071,984
Toridoll Corp.	505		924,397
Tsumura & Co.	75,000		2,255,424
Tsutsumi Jewelry Co. Ltd.	39,400		916,332
USS Co. Ltd.	88,540		6,659,066
Yamatake Corp.	78,000		1,992,757
Yamato Kogyo Co. Ltd.	158,700		3,870,866
TOTAL JAPAN			88,959,655
Korea (South) - 0.8%
NCsoft Corp.	5,672		901,573
NHN Corp. (a)	14,235		2,214,533
TOTAL KOREA (SOUTH)			3,116,106
Luxembourg - 0.3%
GlobeOp Financial Services SA	243,800		1,089,771
Netherlands - 2.9%
Aalberts Industries NV	192,200		2,864,512
ASM International NV unit (a)	170,800		4,345,152
Heijmans NV unit (a)	81,690		1,294,683
QIAGEN NV (a)	166,200		3,111,264
TOTAL NETHERLANDS			11,615,611
Norway - 0.3%
Sevan Marine ASA (a)	1,190,500		1,210,396
Papua New Guinea - 0.2%
Oil Search Ltd.	164,418		868,838
Philippines - 0.5%
Jollibee Food Corp.	1,270,500		2,162,850
Portugal - 0.4%
Jeronimo Martins SGPS SA	164,600		1,798,846
Singapore - 2.8%
Allgreen Properties Ltd.	2,765,000		2,378,888
Keppel Land Ltd.	321,000		953,629
Common Stocks - continued
	Shares		Value
Singapore - continued
Singapore Exchange Ltd.	974,000		$ 5,486,315
Wing Tai Holdings Ltd.	1,902,000		2,517,538
TOTAL SINGAPORE			11,336,370
South Africa - 3.1%
African Rainbow Minerals Ltd.	147,800		3,465,883
Clicks Group Ltd.	665,513		3,298,232
JSE Ltd.	232,281		2,260,937
Mr. Price Group Ltd.	475,900		3,294,105
TOTAL SOUTH AFRICA			12,319,157
Spain - 1.4%
Grifols SA (d)	80,332		895,505
Prosegur Compania de Seguridad SA (Reg.)	99,209		4,878,642
TOTAL SPAIN			5,774,147
Sweden - 1.0%
Intrum Justitia AB	166,800		1,918,038
Swedish Match Co.	80,600		1,903,893
TOTAL SWEDEN			3,821,931
Switzerland - 2.4%
Actelion Ltd. (a)	22,655		916,380
Bank Sarasin & Co. Ltd. Series B (Reg.)	141,200		5,232,893
Sonova Holding AG Class B	27,726		3,364,761
TOTAL SWITZERLAND			9,514,034
Turkey - 2.5%
Albaraka Turk Katilim Bankasi AS	1,130,000		1,949,181
Anadolu Efes Biracilik ve Malt Sanayiive Malt Sanayii SA	113,000		1,424,401
Asya Katilim Bankasi AS	1,266,000		3,158,071
Coca-Cola Icecek AS	230,000		2,395,674
Tupras-Turkiye Petrol Rafinerileri AS	37,800		858,920
TOTAL TURKEY			9,786,247
United Kingdom - 16.8%
AMEC PLC	135,700		1,858,022
Babcock International Group PLC	364,700		3,168,855
Begbies Traynor Group PLC	1,230,600		1,331,750
Bellway PLC	218,172		1,982,939
Britvic PLC	385,200		2,899,909
Cobham PLC	499,200		1,859,495
Dechra Pharmaceuticals PLC	173,400		1,128,636
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Derwent London PLC	76,900		$ 1,617,380
Great Portland Estates PLC	514,489		2,431,264
H&T Group PLC (d)	371,803		1,312,056
InterContinental Hotel Group PLC ADR	200,500		3,488,700
Johnson Matthey PLC	132,689		3,519,130
Meggitt PLC	715,316		3,356,730
Micro Focus International PLC	234,200		1,518,131
Mothercare PLC	323,401		2,647,699
Persimmon PLC (a)	266,563		1,476,231
Rotork PLC	76,300		1,807,001
Serco Group PLC	600,476		5,212,789
Shaftesbury PLC	441,732		2,771,250
Spectris PLC	204,487		2,900,889
Spirax-Sarco Engineering PLC	202,230		4,951,141
SSL International PLC	114,571		2,122,176
Ted Baker PLC	249,000		2,083,486
Ultra Electronics Holdings PLC	100,669		2,548,333
Unite Group PLC (a)	1,275,070		3,793,658
Victrex PLC	176,582		3,378,805
TOTAL UNITED KINGDOM			67,166,455
United States of America - 9.3%
Advanced Energy Industries, Inc. (a)	145,119		2,555,546
Autoliv, Inc.	80,600		4,629,664
Cymer, Inc. (a)	65,600		2,183,168
Dril-Quip, Inc. (a)	33,100		1,730,468
Evercore Partners, Inc. Class A	42,700		1,002,596
ION Geophysical Corp. (a)	411,089		1,804,681
Juniper Networks, Inc. (a)	108,200		3,005,796
Kansas City Southern (a)	84,300		3,093,810
Lam Research Corp. (a)	20,503		865,022
Martin Marietta Materials, Inc. (d)	21,900		1,870,260
Mohawk Industries, Inc. (a)(d)	86,000		4,207,980
PriceSmart, Inc.	236,296		6,616,288
ResMed, Inc. (a)	41,800		2,745,842
Solutia, Inc. (a)	66,156		933,461
TOTAL UNITED STATES OF AMERICA			37,244,582
TOTAL COMMON STOCKS (Cost $325,571,835)		394,912,000
Money Market Funds - 6.7%
	Shares		Value
Fidelity Cash Central Fund, 0.24% (b)	11,170,732		$ 11,170,732
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	15,622,950		15,622,950
TOTAL MONEY MARKET FUNDS (Cost $26,793,682)		26,793,682
TOTAL INVESTMENT PORTFOLIO - 105.6% (Cost $352,365,517)			421,705,682
NET OTHER ASSETS (LIABILITIES) - (5.6)%			(22,386,365)
NET ASSETS - 100%		$ 399,319,317

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	$ 8,393
Fidelity Securities Lending Cash Central Fund	228,360
Total	$ 236,753

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

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 and are categorized as Level 1 in the hierarchy. 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 or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in significant transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Quarterly Report

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® International Value Fund

July 31, 2010

1.834741.104

FIV-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.1%
	Shares		Value
Australia - 3.0%
Intoll Group unit	308,738		$ 410,662
Macquarie Group Ltd.	49,337		1,660,704
MAp Group unit	194,275		520,338
Wesfarmers Ltd.	29,540		831,013
Westfield Group unit	127,286		1,406,284
TOTAL AUSTRALIA			4,829,001
Bailiwick of Jersey - 1.4%
Informa PLC	137,294		844,962
United Business Media Ltd.	108,900		940,247
WPP PLC	54,427		578,493
TOTAL BAILIWICK OF JERSEY			2,363,702
Bermuda - 1.3%
Seadrill Ltd. (d)	73,100		1,697,061
VimpelCom Ltd. ADR (a)	30,100		490,931
TOTAL BERMUDA			2,187,992
Brazil - 2.0%
Banco Do Brasil SA	53,138		918,621
Banco Santander (Brasil) SA ADR	54,400		724,608
Cyrela Brazil Realty SA	39,300		550,446
Itau Unibanco Banco Multiplo SA:
ADR	12,933		289,570
ADR (e)	9,400		210,466
Vivo Participacoes SA sponsored ADR	21,100		564,214
TOTAL BRAZIL			3,257,925
Canada - 2.6%
Open Text Corp. (a)	8,000		316,669
Petrobank Energy & Resources Ltd. (a)	20,700		852,809
Power Corp. of Canada (sub. vtg.)	20,500		532,468
Suncor Energy, Inc.	24,900		820,916
Toronto-Dominion Bank	24,000		1,708,099
TOTAL CANADA			4,230,961
Cayman Islands - 0.8%
China High Speed Transmission Equipment Group Co. Ltd.	179,000		409,275
Hengdeli Holdings Ltd.	1,780,000		815,809
TOTAL CAYMAN ISLANDS			1,225,084
China - 1.3%
China Merchants Bank Co. Ltd. (H Shares)	366,572		979,256
Common Stocks - continued
	Shares		Value
China - continued
Industrial & Commercial Bank of China Ltd. (H Shares)	983,000		$ 750,459
Nine Dragons Paper (Holdings) Ltd.	312,000		453,088
TOTAL CHINA			2,182,803
Denmark - 1.1%
Novo Nordisk AS Series B	6,704		573,718
Vestas Wind Systems AS (a)	24,805		1,206,190
TOTAL DENMARK			1,779,908
France - 12.2%
Atos Origin SA (a)	9,086		390,202
AXA SA sponsored ADR	188,900		3,485,205
BNP Paribas SA	32,293		2,218,515
Carrefour SA	3,539		162,939
Christian Dior SA	5,100		552,772
Compagnie de St. Gobain	22,958		977,412
Credit Agricole SA	56,600		775,319
PPR SA	7,200		963,280
Renault SA (a)	8,100		361,424
Sanofi-Aventis	6,400		372,105
Sanofi-Aventis sponsored ADR	52,400		1,526,936
Schneider Electric SA	6,563		757,019
Societe Generale Series A	45,507		2,623,646
Total SA	5,400		272,642
Total SA sponsored ADR	52,900		2,678,327
Unibail-Rodamco	8,627		1,702,342
TOTAL FRANCE			19,820,085
Germany - 6.4%
Allianz AG sponsored ADR	51,500		598,430
BASF AG	16,700		975,332
Bayerische Motoren Werke AG (BMW)	11,233		604,800
Daimler AG (United States) (a)	30,400		1,643,120
Deutsche Boerse AG	11,000		770,176
E.ON AG	111,807		3,336,343
HeidelbergCement AG	13,400		674,931
Metro AG	11,100		616,230
Munich Re Group	9,123		1,263,956
TOTAL GERMANY			10,483,318
Common Stocks - continued
	Shares		Value
Greece - 0.6%
Hellenic Telecommunications Organization SA	61,294		$ 499,908
Public Power Corp. of Greece	28,000		445,589
TOTAL GREECE			945,497
Hong Kong - 4.6%
China Resources Power Holdings Co. Ltd.	396,000		864,649
CNOOC Ltd.	507,000		854,488
Hang Lung Group Ltd.	71,000		416,814
Hutchison Whampoa Ltd.	119,000		785,929
Swire Pacific Ltd. (A Shares)	225,800		2,744,193
Techtronic Industries Co. Ltd.	727,500		600,357
Wharf Holdings Ltd.	224,000		1,225,620
TOTAL HONG KONG			7,492,050
India - 0.4%
Bank of Baroda	37,000		624,233
Indonesia - 0.9%
PT Bank Rakyat Indonesia Tbk	917,500		1,016,025
PT Semen Gresik Tbk	497,500		514,752
TOTAL INDONESIA			1,530,777
Ireland - 0.4%
CRH PLC sponsored ADR (d)	33,700		708,711
Israel - 0.3%
Teva Pharmaceutical Industries Ltd. sponsored ADR	8,600		420,110
Italy - 2.7%
Intesa Sanpaolo SpA	896,982		2,969,467
UniCredit SpA	517,509		1,450,165
TOTAL ITALY			4,419,632
Japan - 18.4%
Aisin Seiki Co. Ltd.	22,000		614,753
Credit Saison Co. Ltd.	30,200		383,681
Denso Corp.	45,200		1,295,463
East Japan Railway Co.	26,400		1,701,452
Honda Motor Co. Ltd.	31,500		996,266
Japan Retail Fund Investment Corp.	714		919,505
Japan Tobacco, Inc.	97		312,016
JSR Corp.	26,900		471,236
Konica Minolta Holdings, Inc.	60,000		631,762
Miraca Holdings, Inc.	29,400		874,941
Mitsubishi UFJ Financial Group, Inc.	537,400		2,661,347
Common Stocks - continued
	Shares		Value
Japan - continued
Mitsui & Co. Ltd.	243,400		$ 3,120,477
Nippon Electric Glass Co. Ltd.	105,000		1,337,634
Nippon Telegraph & Telephone Corp.	10,800		449,036
Obic Co. Ltd.	3,880		732,228
ORIX Corp.	16,480		1,296,662
Promise Co. Ltd.	61,550		489,979
Seven & i Holdings Co., Ltd.	19,700		471,615
SOFTBANK CORP.	20,000		598,207
Sumitomo Corp.	148,700		1,579,480
Sumitomo Metal Industries Ltd.	270,000		652,936
Sumitomo Mitsui Financial Group, Inc.	44,800		1,387,154
Tokio Marine Holdings, Inc.	26,000		711,785
Tokyo Electron Ltd.	5,700		306,023
Tokyo Gas Co., Ltd.	429,000		1,950,790
Toyota Motor Corp.	76,000		2,666,972
USS Co. Ltd.	6,120		460,283
Xebio Co. Ltd.	12,900		255,836
Yamada Denki Co. Ltd.	9,260		625,726
TOTAL JAPAN			29,955,245
Korea (South) - 0.5%
Shinhan Financial Group Co. Ltd.	15,815		649,346
Shinhan Financial Group Co. Ltd. sponsored ADR	2,600		215,098
TOTAL KOREA (SOUTH)			864,444
Luxembourg - 1.0%
ArcelorMittal SA:
(Netherlands)	17,800		545,026
Class A unit (d)	35,100		1,077,570
TOTAL LUXEMBOURG			1,622,596
Netherlands - 2.9%
Gemalto NV	25,400		1,042,810
ING Groep NV:
(Certificaten Van Aandelen) unit (a)	131,968		1,265,753
sponsored ADR (a)	96,900		932,178
Koninklijke Ahold NV	61,333		787,393
Koninklijke KPN NV	45,100		627,782
TOTAL NETHERLANDS			4,655,916
Common Stocks - continued
	Shares		Value
Norway - 0.7%
Aker Solutions ASA	53,000		$ 687,207
DnB NOR ASA	32,800		407,469
TOTAL NORWAY			1,094,676
Portugal - 0.7%
Energias de Portugal SA	337,291		1,109,132
Russia - 0.6%
Mechel Steel Group OAO sponsored ADR	20,500		446,490
OAO Gazprom sponsored ADR	26,900		581,040
TOTAL RUSSIA			1,027,530
Singapore - 1.8%
DBS Group Holdings Ltd.	50,052		530,001
United Overseas Bank Ltd.	126,200		1,843,027
Yanlord Land Group Ltd.	464,000		634,635
TOTAL SINGAPORE			3,007,663
South Africa - 0.2%
Impala Platinum Holdings Ltd.	12,300		333,017
Spain - 5.3%
Banco Bilbao Vizcaya Argentaria SA sponsored ADR	57,416		772,245
Banco Santander SA (d)	77,889		1,012,019
Banco Santander SA sponsored ADR (d)	214,100		2,734,057
Gestevision Telecinco SA	16,100		184,533
Iberdrola SA	268,746		1,896,713
Telefonica SA sponsored ADR	29,000		1,984,760
TOTAL SPAIN			8,584,327
Sweden - 0.3%
Telefonaktiebolaget LM Ericsson (B Shares)	48,352		533,646
Switzerland - 4.6%
Lonza Group AG	2,189		170,026
Roche Holding AG (participation certificate)	26,574		3,457,133
Transocean Ltd. (a)	18,439		852,066
Zurich Financial Services AG	13,038		3,044,349
TOTAL SWITZERLAND			7,523,574
Taiwan - 0.8%
AU Optronics Corp.	315,000		298,709
Common Stocks - continued
	Shares		Value
Taiwan - continued
Hon Hai Precision Industry Co. Ltd. (Foxconn)	122,100		$ 492,408
Taiwan Semiconductor Manufacturing Co. Ltd.	294,464		569,452
TOTAL TAIWAN			1,360,569
Thailand - 0.4%
Siam Commercial Bank PCL (For. Reg.)	232,200		639,017
United Kingdom - 17.9%
Aberdeen Asset Management PLC	228,700		503,605
Aegis Group PLC	342,500		629,571
Anglo American PLC (United Kingdom)	46,717		1,849,725
BAE Systems PLC	175,400		859,404
Barclays PLC	329,899		1,707,828
BP PLC sponsored ADR (d)	55,600		2,138,932
Carphone Warehouse Group PLC (a)	107,150		386,524
Centrica PLC	217,225		1,035,374
HSBC Holdings PLC:
(United Kingdom)	164,893		1,676,035
sponsored ADR	48,770		2,491,172
Imperial Tobacco Group PLC	24,643		697,247
International Power PLC	78,057		438,280
Man Group PLC	127,909		435,931
Misys PLC (a)	78,900		311,966
Prudential PLC	205,286		1,785,620
Rio Tinto PLC	30,902		1,598,591
Royal Dutch Shell PLC Class A sponsored ADR (d)	105,800		5,863,428
Vedanta Resources PLC	27,600		1,056,656
Vodafone Group PLC sponsored ADR	129,112		3,031,550
Wolseley PLC (a)	31,162		702,815
TOTAL UNITED KINGDOM			29,200,254
TOTAL COMMON STOCKS (Cost $185,783,851)		160,013,395
Nonconvertible Preferred Stocks - 0.8%

Italy - 0.8%
Fiat SpA (Risparmio Shares)	53,200		429,550
Telecom Italia SpA (Risparmio Shares)	872,100		906,543
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $1,817,681)		1,336,093
Money Market Funds - 8.8%
	Shares		Value
Fidelity Cash Central Fund, 0.24% (b)	821,439		$ 821,439
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	13,478,350		13,478,350
TOTAL MONEY MARKET FUNDS (Cost $14,299,789)		14,299,789
TOTAL INVESTMENT PORTFOLIO - 107.7% (Cost $201,901,321)			175,649,277
NET OTHER ASSETS (LIABILITIES) - (7.7)%			(12,625,990)
NET ASSETS - 100%		$ 163,023,287

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	$ 1,632
Fidelity Securities Lending Cash Central Fund	146,304
Total	$ 147,936

Other Information

The following is a summary of the inputs used, as of July 31, 2010, involving the Fund's assets and liabilities carried at fair 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:
Japan	$ 29,955,245	$ 23,181,624	$ 6,773,621	$ -
United Kingdom	29,200,254	22,432,180	6,768,074	-
France	19,820,085	19,175,338	644,747	-
Germany	10,483,318	10,483,318	-	-
Spain	8,584,327	8,584,327	-	-
Switzerland	7,523,574	7,523,574	-	-
Hong Kong	7,492,050	6,637,562	854,488	-
Italy	5,755,725	4,849,182	906,543	-
Australia	4,829,001	4,829,001	-	-
Other	37,705,909	31,567,625	6,138,284	-
Money Market Funds	14,299,789	14,299,789	-	-
Total Investments in Securities:	$ 175,649,277	$ 153,563,520	$ 22,085,757	$ -

Income Tax Information

At July 31, 2010, the cost of investment securities for income tax purposes was $202,757,655. Net unrealized depreciation aggregated $27,108,378, of which $10,671,760 related to appreciated investment securities and $37,780,138 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 and are categorized as Level 1 in the hierarchy. 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 or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in significant transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Quarterly Report

Quarterly Holdings Report

for

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

July 31, 2010

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

1.834738.104

AFIV-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.1%
	Shares		Value
Australia - 3.0%
Intoll Group unit	308,738		$ 410,662
Macquarie Group Ltd.	49,337		1,660,704
MAp Group unit	194,275		520,338
Wesfarmers Ltd.	29,540		831,013
Westfield Group unit	127,286		1,406,284
TOTAL AUSTRALIA			4,829,001
Bailiwick of Jersey - 1.4%
Informa PLC	137,294		844,962
United Business Media Ltd.	108,900		940,247
WPP PLC	54,427		578,493
TOTAL BAILIWICK OF JERSEY			2,363,702
Bermuda - 1.3%
Seadrill Ltd. (d)	73,100		1,697,061
VimpelCom Ltd. ADR (a)	30,100		490,931
TOTAL BERMUDA			2,187,992
Brazil - 2.0%
Banco Do Brasil SA	53,138		918,621
Banco Santander (Brasil) SA ADR	54,400		724,608
Cyrela Brazil Realty SA	39,300		550,446
Itau Unibanco Banco Multiplo SA:
ADR	12,933		289,570
ADR (e)	9,400		210,466
Vivo Participacoes SA sponsored ADR	21,100		564,214
TOTAL BRAZIL			3,257,925
Canada - 2.6%
Open Text Corp. (a)	8,000		316,669
Petrobank Energy & Resources Ltd. (a)	20,700		852,809
Power Corp. of Canada (sub. vtg.)	20,500		532,468
Suncor Energy, Inc.	24,900		820,916
Toronto-Dominion Bank	24,000		1,708,099
TOTAL CANADA			4,230,961
Cayman Islands - 0.8%
China High Speed Transmission Equipment Group Co. Ltd.	179,000		409,275
Hengdeli Holdings Ltd.	1,780,000		815,809
TOTAL CAYMAN ISLANDS			1,225,084
China - 1.3%
China Merchants Bank Co. Ltd. (H Shares)	366,572		979,256
Common Stocks - continued
	Shares		Value
China - continued
Industrial & Commercial Bank of China Ltd. (H Shares)	983,000		$ 750,459
Nine Dragons Paper (Holdings) Ltd.	312,000		453,088
TOTAL CHINA			2,182,803
Denmark - 1.1%
Novo Nordisk AS Series B	6,704		573,718
Vestas Wind Systems AS (a)	24,805		1,206,190
TOTAL DENMARK			1,779,908
France - 12.2%
Atos Origin SA (a)	9,086		390,202
AXA SA sponsored ADR	188,900		3,485,205
BNP Paribas SA	32,293		2,218,515
Carrefour SA	3,539		162,939
Christian Dior SA	5,100		552,772
Compagnie de St. Gobain	22,958		977,412
Credit Agricole SA	56,600		775,319
PPR SA	7,200		963,280
Renault SA (a)	8,100		361,424
Sanofi-Aventis	6,400		372,105
Sanofi-Aventis sponsored ADR	52,400		1,526,936
Schneider Electric SA	6,563		757,019
Societe Generale Series A	45,507		2,623,646
Total SA	5,400		272,642
Total SA sponsored ADR	52,900		2,678,327
Unibail-Rodamco	8,627		1,702,342
TOTAL FRANCE			19,820,085
Germany - 6.4%
Allianz AG sponsored ADR	51,500		598,430
BASF AG	16,700		975,332
Bayerische Motoren Werke AG (BMW)	11,233		604,800
Daimler AG (United States) (a)	30,400		1,643,120
Deutsche Boerse AG	11,000		770,176
E.ON AG	111,807		3,336,343
HeidelbergCement AG	13,400		674,931
Metro AG	11,100		616,230
Munich Re Group	9,123		1,263,956
TOTAL GERMANY			10,483,318
Common Stocks - continued
	Shares		Value
Greece - 0.6%
Hellenic Telecommunications Organization SA	61,294		$ 499,908
Public Power Corp. of Greece	28,000		445,589
TOTAL GREECE			945,497
Hong Kong - 4.6%
China Resources Power Holdings Co. Ltd.	396,000		864,649
CNOOC Ltd.	507,000		854,488
Hang Lung Group Ltd.	71,000		416,814
Hutchison Whampoa Ltd.	119,000		785,929
Swire Pacific Ltd. (A Shares)	225,800		2,744,193
Techtronic Industries Co. Ltd.	727,500		600,357
Wharf Holdings Ltd.	224,000		1,225,620
TOTAL HONG KONG			7,492,050
India - 0.4%
Bank of Baroda	37,000		624,233
Indonesia - 0.9%
PT Bank Rakyat Indonesia Tbk	917,500		1,016,025
PT Semen Gresik Tbk	497,500		514,752
TOTAL INDONESIA			1,530,777
Ireland - 0.4%
CRH PLC sponsored ADR (d)	33,700		708,711
Israel - 0.3%
Teva Pharmaceutical Industries Ltd. sponsored ADR	8,600		420,110
Italy - 2.7%
Intesa Sanpaolo SpA	896,982		2,969,467
UniCredit SpA	517,509		1,450,165
TOTAL ITALY			4,419,632
Japan - 18.4%
Aisin Seiki Co. Ltd.	22,000		614,753
Credit Saison Co. Ltd.	30,200		383,681
Denso Corp.	45,200		1,295,463
East Japan Railway Co.	26,400		1,701,452
Honda Motor Co. Ltd.	31,500		996,266
Japan Retail Fund Investment Corp.	714		919,505
Japan Tobacco, Inc.	97		312,016
JSR Corp.	26,900		471,236
Konica Minolta Holdings, Inc.	60,000		631,762
Miraca Holdings, Inc.	29,400		874,941
Mitsubishi UFJ Financial Group, Inc.	537,400		2,661,347
Common Stocks - continued
	Shares		Value
Japan - continued
Mitsui & Co. Ltd.	243,400		$ 3,120,477
Nippon Electric Glass Co. Ltd.	105,000		1,337,634
Nippon Telegraph & Telephone Corp.	10,800		449,036
Obic Co. Ltd.	3,880		732,228
ORIX Corp.	16,480		1,296,662
Promise Co. Ltd.	61,550		489,979
Seven & i Holdings Co., Ltd.	19,700		471,615
SOFTBANK CORP.	20,000		598,207
Sumitomo Corp.	148,700		1,579,480
Sumitomo Metal Industries Ltd.	270,000		652,936
Sumitomo Mitsui Financial Group, Inc.	44,800		1,387,154
Tokio Marine Holdings, Inc.	26,000		711,785
Tokyo Electron Ltd.	5,700		306,023
Tokyo Gas Co., Ltd.	429,000		1,950,790
Toyota Motor Corp.	76,000		2,666,972
USS Co. Ltd.	6,120		460,283
Xebio Co. Ltd.	12,900		255,836
Yamada Denki Co. Ltd.	9,260		625,726
TOTAL JAPAN			29,955,245
Korea (South) - 0.5%
Shinhan Financial Group Co. Ltd.	15,815		649,346
Shinhan Financial Group Co. Ltd. sponsored ADR	2,600		215,098
TOTAL KOREA (SOUTH)			864,444
Luxembourg - 1.0%
ArcelorMittal SA:
(Netherlands)	17,800		545,026
Class A unit (d)	35,100		1,077,570
TOTAL LUXEMBOURG			1,622,596
Netherlands - 2.9%
Gemalto NV	25,400		1,042,810
ING Groep NV:
(Certificaten Van Aandelen) unit (a)	131,968		1,265,753
sponsored ADR (a)	96,900		932,178
Koninklijke Ahold NV	61,333		787,393
Koninklijke KPN NV	45,100		627,782
TOTAL NETHERLANDS			4,655,916
Common Stocks - continued
	Shares		Value
Norway - 0.7%
Aker Solutions ASA	53,000		$ 687,207
DnB NOR ASA	32,800		407,469
TOTAL NORWAY			1,094,676
Portugal - 0.7%
Energias de Portugal SA	337,291		1,109,132
Russia - 0.6%
Mechel Steel Group OAO sponsored ADR	20,500		446,490
OAO Gazprom sponsored ADR	26,900		581,040
TOTAL RUSSIA			1,027,530
Singapore - 1.8%
DBS Group Holdings Ltd.	50,052		530,001
United Overseas Bank Ltd.	126,200		1,843,027
Yanlord Land Group Ltd.	464,000		634,635
TOTAL SINGAPORE			3,007,663
South Africa - 0.2%
Impala Platinum Holdings Ltd.	12,300		333,017
Spain - 5.3%
Banco Bilbao Vizcaya Argentaria SA sponsored ADR	57,416		772,245
Banco Santander SA (d)	77,889		1,012,019
Banco Santander SA sponsored ADR (d)	214,100		2,734,057
Gestevision Telecinco SA	16,100		184,533
Iberdrola SA	268,746		1,896,713
Telefonica SA sponsored ADR	29,000		1,984,760
TOTAL SPAIN			8,584,327
Sweden - 0.3%
Telefonaktiebolaget LM Ericsson (B Shares)	48,352		533,646
Switzerland - 4.6%
Lonza Group AG	2,189		170,026
Roche Holding AG (participation certificate)	26,574		3,457,133
Transocean Ltd. (a)	18,439		852,066
Zurich Financial Services AG	13,038		3,044,349
TOTAL SWITZERLAND			7,523,574
Taiwan - 0.8%
AU Optronics Corp.	315,000		298,709
Common Stocks - continued
	Shares		Value
Taiwan - continued
Hon Hai Precision Industry Co. Ltd. (Foxconn)	122,100		$ 492,408
Taiwan Semiconductor Manufacturing Co. Ltd.	294,464		569,452
TOTAL TAIWAN			1,360,569
Thailand - 0.4%
Siam Commercial Bank PCL (For. Reg.)	232,200		639,017
United Kingdom - 17.9%
Aberdeen Asset Management PLC	228,700		503,605
Aegis Group PLC	342,500		629,571
Anglo American PLC (United Kingdom)	46,717		1,849,725
BAE Systems PLC	175,400		859,404
Barclays PLC	329,899		1,707,828
BP PLC sponsored ADR (d)	55,600		2,138,932
Carphone Warehouse Group PLC (a)	107,150		386,524
Centrica PLC	217,225		1,035,374
HSBC Holdings PLC:
(United Kingdom)	164,893		1,676,035
sponsored ADR	48,770		2,491,172
Imperial Tobacco Group PLC	24,643		697,247
International Power PLC	78,057		438,280
Man Group PLC	127,909		435,931
Misys PLC (a)	78,900		311,966
Prudential PLC	205,286		1,785,620
Rio Tinto PLC	30,902		1,598,591
Royal Dutch Shell PLC Class A sponsored ADR (d)	105,800		5,863,428
Vedanta Resources PLC	27,600		1,056,656
Vodafone Group PLC sponsored ADR	129,112		3,031,550
Wolseley PLC (a)	31,162		702,815
TOTAL UNITED KINGDOM			29,200,254
TOTAL COMMON STOCKS (Cost $185,783,851)		160,013,395
Nonconvertible Preferred Stocks - 0.8%

Italy - 0.8%
Fiat SpA (Risparmio Shares)	53,200		429,550
Telecom Italia SpA (Risparmio Shares)	872,100		906,543
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $1,817,681)		1,336,093
Money Market Funds - 8.8%
	Shares		Value
Fidelity Cash Central Fund, 0.24% (b)	821,439		$ 821,439
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	13,478,350		13,478,350
TOTAL MONEY MARKET FUNDS (Cost $14,299,789)		14,299,789
TOTAL INVESTMENT PORTFOLIO - 107.7% (Cost $201,901,321)			175,649,277
NET OTHER ASSETS (LIABILITIES) - (7.7)%			(12,625,990)
NET ASSETS - 100%		$ 163,023,287

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	$ 1,632
Fidelity Securities Lending Cash Central Fund	146,304
Total	$ 147,936

Other Information

The following is a summary of the inputs used, as of July 31, 2010, involving the Fund's assets and liabilities carried at fair 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:
Japan	$ 29,955,245	$ 23,181,624	$ 6,773,621	$ -
United Kingdom	29,200,254	22,432,180	6,768,074	-
France	19,820,085	19,175,338	644,747	-
Germany	10,483,318	10,483,318	-	-
Spain	8,584,327	8,584,327	-	-
Switzerland	7,523,574	7,523,574	-	-
Hong Kong	7,492,050	6,637,562	854,488	-
Italy	5,755,725	4,849,182	906,543	-
Australia	4,829,001	4,829,001	-	-
Other	37,705,909	31,567,625	6,138,284	-
Money Market Funds	14,299,789	14,299,789	-	-
Total Investments in Securities:	$ 175,649,277	$ 153,563,520	$ 22,085,757	$ -

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 and are categorized as Level 1 in the hierarchy. 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 or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in significant transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Quarterly Report

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Japan Fund -
Japan Fund
Class F

July 31, 2010

1.804854.106

JPN-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.2%
	Shares		Value
CONSUMER DISCRETIONARY - 18.9%
Auto Components - 6.6%
Bridgestone Corp.	231,600		$ 4,145,620
Denso Corp.	844,100		24,192,487
NOK Corp.	553,600		9,063,859
Stanley Electric Co. Ltd.	1,034,200		17,913,768
Toyoda Gosei Co. Ltd.	391,200		9,777,171
			65,092,905
Automobiles - 4.5%
Honda Motor Co. Ltd.	956,400		30,248,520
Toyota Motor Corp.	399,100		14,005,111
			44,253,631
Household Durables - 1.4%
Sekisui House Ltd.	1,592,000		14,128,597
Leisure Equipment & Products - 1.8%
Nikon Corp.	479,500		8,333,341
Sega Sammy Holdings, Inc.	623,100		9,156,344
			17,489,685
Media - 1.6%
Fuji Media Holdings, Inc.	11,138		16,135,118
Multiline Retail - 1.1%
Isetan Mitsukoshi Holdings Ltd.	596,840		5,635,192
Takashimaya Co. Ltd.	670,000		5,194,099
			10,829,291
Specialty Retail - 1.9%
Nishimatsuya Chain Co. Ltd.	576,300		5,381,245
Shimachu Co. Ltd.	150,000		2,740,526
Xebio Co. Ltd.	142,300		2,822,126
Yamada Denki Co. Ltd.	118,700		8,020,920
			18,964,817
TOTAL CONSUMER DISCRETIONARY			186,894,044
CONSUMER STAPLES - 2.9%
Beverages - 1.1%
Coca-Cola West Co. Ltd.	101,400		1,838,517
Kirin Holdings Co. Ltd.	710,000		9,480,359
			11,318,876
Food & Staples Retailing - 1.0%
FamilyMart Co. Ltd.	143,100		5,116,332
Seven & i Holdings Co., Ltd.	181,600		4,347,474
			9,463,806
Personal Products - 0.8%
Kao Corp.	233,500		5,522,407
Kose Corp.	101,100		2,346,620
			7,869,027
TOTAL CONSUMER STAPLES			28,651,709

	Shares		Value
FINANCIALS - 34.3%
Capital Markets - 1.3%
Matsui Securities Co. Ltd.	839,700		$ 4,964,845
Nomura Holdings, Inc.	1,334,400		7,501,131
			12,465,976
Commercial Banks - 15.1%
Chiba Bank Ltd.	1,755,000		10,721,898
Mitsubishi UFJ Financial Group, Inc.	8,673,700		42,954,459
Mizuho Financial Group, Inc.	10,064,500		16,309,370
Seven Bank Ltd.	3,188		5,865,108
Sumitomo Mitsui Financial Group, Inc.	1,451,300		44,936,983
Sumitomo Trust & Banking Co. Ltd.	5,066,000		28,194,920
			148,982,738
Consumer Finance - 3.7%
Credit Saison Co. Ltd.	863,400		10,969,201
ORIX Corp.	325,100		25,579,173
			36,548,374
Insurance - 9.0%
Dai-ichi Mutual Life Insurance Co.	2,917		4,137,972
MS&AD Insurance Group Holdings, Inc.	315,000		7,001,620
NKSJ Holdings, Inc. (a)	3,772,000		22,040,613
Sony Financial Holdings, Inc.	3,191		11,575,106
T&D Holdings, Inc.	1,997,500		43,752,010
			88,507,321
Real Estate Investment Trusts - 2.2%
Japan Prime Realty Investment Corp.	1,991		4,492,277
Japan Real Estate Investment Corp.	1,060		9,382,702
Nomura Real Estate Office Fund, Inc.	1,412		7,450,066
			21,325,045
Real Estate Management & Development - 3.0%
Mitsubishi Estate Co. Ltd.	1,496,000		21,083,344
Mitsui Fudosan Co. Ltd.	615,000		9,108,476
			30,191,820
TOTAL FINANCIALS			338,021,274
HEALTH CARE - 0.7%
Health Care Providers & Services - 0.7%
Alfresa Holdings Corp.	159,600		7,349,818
INDUSTRIALS - 16.0%
Air Freight & Logistics - 0.5%
Yamato Holdings Co. Ltd.	420,000		5,209,604
Building Products - 1.9%
Asahi Glass Co. Ltd.	703,000		7,158,114
Daikin Industries Ltd.	296,900		11,010,292
			18,168,406
Construction & Engineering - 0.2%
Kandenko Co. Ltd.	398,000		2,362,441
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Electrical Equipment - 2.2%
Mitsubishi Electric Corp.	1,557,000		$ 13,565,762
Sumitomo Electric Industries Ltd.	718,200		8,393,196
			21,958,958
Machinery - 2.1%
Fanuc Ltd.	58,300		6,887,394
Kubota Corp.	900,000		7,133,353
NSK Ltd.	927,000		6,596,529
			20,617,276
Marine - 0.4%
Iino Kaiun Kaisha Ltd.	259,200		1,310,621
Mitsui OSK Lines Ltd.	369,000		2,497,715
			3,808,336
Road & Rail - 1.7%
East Japan Railway Co.	261,300		16,840,509
Trading Companies & Distributors - 5.1%
Itochu Corp.	2,273,900		17,733,394
Mitsubishi Corp.	590,100		12,761,318
Mitsui & Co. Ltd.	1,071,600		13,738,303
Sumitomo Corp.	549,800		5,839,935
			50,072,950
Transportation Infrastructure - 1.9%
The Sumitomo Warehouse Co. Ltd.	3,862,000		18,544,750
TOTAL INDUSTRIALS			157,583,230
INFORMATION TECHNOLOGY - 14.1%
Computers & Peripherals - 0.7%
Fujitsu Ltd.	1,004,000		7,144,460
Electronic Equipment & Components - 4.8%
Fujifilm Holdings Corp.	30,500		952,849
Ibiden Co. Ltd.	477,800		14,269,040
Nippon Electric Glass Co. Ltd.	390,000		4,968,354
Yamatake Corp.	669,100		17,094,276
Yaskawa Electric Corp. (d)	1,339,000		10,086,075
			47,370,594
IT Services - 0.2%
NTT Data Corp.	533		1,936,500
Office Electronics - 6.9%
Canon, Inc.	1,277,600		55,320,975
Konica Minolta Holdings, Inc.	1,163,500		12,250,911
			67,571,886
Semiconductors & Semiconductor Equipment - 1.0%
ROHM Co. Ltd.	83,300		5,252,936
Tokyo Electron Ltd.	82,000		4,402,430
			9,655,366

	Shares		Value
Software - 0.5%
Nintendo Co. Ltd.	18,200		$ 5,087,787
TOTAL INFORMATION TECHNOLOGY			138,766,593
MATERIALS - 7.8%
Chemicals - 5.9%
JSR Corp.	1,055,100		18,483,325
Mitsubishi Chemical Holdings Corp.	1,124,000		5,800,451
Nissan Chemical Industries Co. Ltd.	588,000		6,987,284
Nitto Denko Corp.	311,600		10,794,682
Shin-Etsu Chemical Co., Ltd.	209,000		10,410,703
Tokai Carbon Co. Ltd.	1,047,000		5,524,235
			58,000,680
Containers & Packaging - 0.6%
Toyo Seikan Kaisha Ltd.	369,000		5,921,932
Metals & Mining - 1.3%
Nippon Steel Corp.	1,162,000		3,966,329
Sumitomo Metal Industries Ltd.	3,811,000		9,216,072
			13,182,401
TOTAL MATERIALS			77,105,013
TELECOMMUNICATION SERVICES - 3.5%
Wireless Telecommunication Services - 3.5%
NTT DoCoMo, Inc.	22,013		34,960,504
TOTAL COMMON STOCKS (Cost $1,106,395,687)		969,332,185
Money Market Funds - 2.5%

Fidelity Cash Central Fund, 0.24% (b)	16,655,654		16,655,654
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	7,704,000		7,704,000
TOTAL MONEY MARKET FUNDS (Cost $24,359,654)		24,359,654

TOTAL INVESTMENT PORTFOLIO - 100.7%

(Cost $1,130,755,341)

993,691,839

NET OTHER ASSETS (LIABILITIES) - (0.7)%			(6,960,323)
NET ASSETS - 100%		$ 986,731,516

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	$ 106,172
Fidelity Securities Lending Cash Central Fund	19,148
Total	$ 125,320

Other Information

The following is a summary of the inputs used, as of July 31, 2010, involving the Fund's assets and liabilities carried at fair 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	$ 186,894,044	$ 142,640,413	$ 44,253,631	$ -
Consumer Staples	28,651,709	28,651,709	-	-
Financials	338,021,274	271,256,314	66,764,960	-
Health Care	7,349,818	7,349,818	-	-
Industrials	157,583,230	157,583,230	-	-
Information Technology	138,766,593	83,445,618	55,320,975	-
Materials	77,105,013	77,105,013	-	-
Telecommunication Services	34,960,504	-	34,960,504	-
Money Market Funds	24,359,654	24,359,654	-	-
Total Investments in Securities:	$ 993,691,839	$ 792,391,769	$ 201,300,070	$ -

Income Tax Information

At July 31, 2010, the cost of investment securities for income tax purposes was $1,159,056,373. Net unrealized depreciation aggregated $165,364,534, of which $38,283,282 related to appreciated investment securities and $203,647,816 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 and are categorized as Level 1 in the hierarchy. 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 or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in significant transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Japan Smaller Companies Fund

July 31, 2010

1.804823.106

JSC-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.6%
	Shares		Value
CONSUMER DISCRETIONARY - 25.4%
Auto Components - 6.0%
Nippon Seiki Co. Ltd.	46,000		$ 505,641
Stanley Electric Co. Ltd.	935,300		16,200,684
Yachiyo Industry Co. Ltd.	85,200		660,503
Yokohama Rubber Co. Ltd.	276,000		1,475,406
			18,842,234
Automobiles - 4.2%
Honda Motor Co. Ltd.	333,900		10,560,415
Mazda Motor Corp.	702,000		1,697,634
Toyota Motor Corp.	20,600		722,890
			12,980,939
Household Durables - 4.2%
Arnest One Corp.	569,000		6,399,398
Haseko Corp. (a)	3,289,500		2,664,333
Hitachi Koki Co. Ltd.	241,300		2,149,852
Panasonic Corp.	137,300		1,813,614
			13,027,197
Internet & Catalog Retail - 5.9%
DeNA Co. Ltd.	384,200		10,660,244
Start Today Co. Ltd. (d)	2,495		7,716,673
			18,376,917
Leisure Equipment & Products - 0.1%
SHIMANO, Inc.	6,600		335,250
Media - 0.3%
Opt, Inc.	562		812,843
Proto Corp.	2,400		91,224
			904,067
Multiline Retail - 0.5%
Ryohin Keikaku Co. Ltd.	47,000		1,734,799
Zakkaya Bulldog Co. Ltd.	4,800		9,830
			1,744,629
Specialty Retail - 4.0%
Bals Corp. (d)	797		907,432
Bell-Park Co., Ltd.	344		637,649
MEGANE TOP CO. LTD. (d)	205,090		1,343,141
Pal Co. Ltd.	36,200		1,466,011
Point, Inc.	161,520		8,129,731
			12,483,964
Textiles, Apparel & Luxury Goods - 0.2%
Japan Vilene Co. Ltd.	142,000		627,642
TOTAL CONSUMER DISCRETIONARY			79,322,839
CONSUMER STAPLES - 7.4%
Household Products - 7.3%
Pigeon Corp.	302,000		11,129,534
Uni-Charm Corp.	97,100		11,549,760
			22,679,294

	Shares		Value
Tobacco - 0.1%
Japan Tobacco, Inc.	146		$ 469,633
TOTAL CONSUMER STAPLES			23,148,927
FINANCIALS - 23.1%
Capital Markets - 0.2%
SBI Holdings, Inc.	6,117		813,241
Commercial Banks - 6.6%
Mitsubishi UFJ Financial Group, Inc.	1,363,900		6,754,394
Mizuho Financial Group, Inc.	1,898,200		3,076,004
Sumitomo Mitsui Financial Group, Inc.	347,200		10,750,445
			20,580,843
Consumer Finance - 6.4%
ORIX Corp.	203,730		16,029,667
Promise Co. Ltd. (d)	487,150		3,878,035
			19,907,702
Diversified Financial Services - 4.6%
Japan Securities Finance Co. Ltd.	391,200		2,290,393
Osaka Securities Exchange Co. Ltd.	2,449		12,184,784
			14,475,177
Insurance - 3.1%
Fuji Fire & Marine Insurance Co. Ltd. (a)	2,808,000		3,833,891
MS&AD Insurance Group Holdings, Inc.	45,460		1,010,456
T&D Holdings, Inc.	215,650		4,723,465
			9,567,812
Real Estate Management & Development - 2.2%
Airport Facilities Co. Ltd.	158,400		575,500
Leopalace21 Corp. (a)(d)	640,600		1,415,732
Nisshin Fudosan Co. Ltd.	54,800		369,666
Shoei Co.	5,900		43,555
Takara Leben Co. Ltd. (d)	796,100		3,924,080
Toc Co. Ltd.	100,400		370,583
Toho Real Estate Co. Ltd.	31,900		163,514
			6,862,630
TOTAL FINANCIALS			72,207,405
HEALTH CARE - 2.3%
Biotechnology - 1.1%
Sosei Group Corp. (a)	3,475		3,449,870
Health Care Equipment & Supplies - 0.8%
Sysmex Corp. (d)	43,600		2,507,284
Pharmaceuticals - 0.4%
Astellas Pharma, Inc.	5,200		176,352
Rohto Pharmaceutical Co. Ltd.	42,000		515,615
Santen Pharmaceutical Co. Ltd.	14,800		495,246
			1,187,213
TOTAL HEALTH CARE			7,144,367
Common Stocks - continued
	Shares		Value
INDUSTRIALS - 13.5%
Building Products - 6.9%
Central Glass Co. Ltd.	170,000		$ 658,953
Daikin Industries Ltd.	367,700		13,635,852
Nichias Corp.	910,000		3,716,864
Noritz Corp.	156,100		2,832,106
Shinko Kogyo Co. Ltd.	203,000		718,750
			21,562,525
Commercial Services & Supplies - 0.2%
Aeon Delight Co. Ltd. (d)	24,400		475,719
Construction & Engineering - 0.1%
Yahagi Construction Co. Ltd.	48,000		293,248
Electrical Equipment - 0.9%
Nippon Carbon Co. Ltd.	300,000		857,391
Panasonic Electric Works Co., Ltd.	145,000		1,843,853
			2,701,244
Machinery - 3.7%
Asahi Diamond Industrial Co. Ltd.	95,000		1,518,021
Fanuc Ltd.	2,400		283,529
HIRANO TECSEED Co. Ltd.	172,000		1,598,102
Hoshizaki Electric Co. Ltd.	80,000		1,403,298
Kubota Corp.	264,000		2,092,450
Makita Corp.	15,700		453,424
Miura Co. Ltd.	52,600		1,240,368
Nitta Corp.	197,700		3,081,306
			11,670,498
Marine - 0.6%
Japan Transcity Corp.	53,000		158,218
Kawasaki Kisen Kaisha Ltd. (a)	36,000		153,706
Nippon Yusen KK	358,000		1,516,089
			1,828,013
Professional Services - 0.0%
Outsourcing, Inc.	364		131,828
Trading Companies & Distributors - 1.1%
Mitsubishi Corp.	160,700		3,475,248
TOTAL INDUSTRIALS			42,138,323
INFORMATION TECHNOLOGY - 21.4%
Computers & Peripherals - 0.1%
Mutoh Holdings Co. Ltd. (a)	236,000		338,606
Electronic Equipment & Components - 2.6%
Hitachi Ltd. (a)	705,000		2,924,817
Mitsumi Electric Co. Ltd.	44,600		745,183

	Shares		Value
Origin Electric Co. Ltd. (a)	555,000		$ 2,215,505
Shimadzu Corp.	96,000		735,343
Shinko Shoji Co. Ltd.	64,300		566,926
Yamatake Corp.	41,600		1,062,804
			8,250,578
Internet Software & Services - 7.3%
GREE, Inc. (d)	189,300		15,529,499
Kakaku.com, Inc.	1,569		7,307,174
			22,836,673
IT Services - 1.1%
CAC Corp.	63,300		450,443
ITOCHU Techno-Solutions Corp.	22,900		834,654
NEC Fielding Ltd.	32,700		376,849
Net One Systems Co. Ltd.	1,185		1,454,770
SBI VeriTrans Co., Ltd.	489		290,826
			3,407,542
Office Electronics - 4.0%
Canon, Inc.	140,600		6,088,079
Ricoh Co. Ltd.	459,000		6,357,223
			12,445,302
Semiconductors & Semiconductor Equipment - 3.7%
Elpida Memory, Inc. (a)(d)	409,200		6,155,163
Ferrotec Corp. (d)	266,600		2,745,432
NPC, Inc. (d)	101,100		2,033,113
Samco, Inc. (d)	32,200		581,221
			11,514,929
Software - 2.6%
Nintendo Co. Ltd.	28,800		8,051,004
TOTAL INFORMATION TECHNOLOGY			66,844,634
MATERIALS - 5.5%
Chemicals - 4.0%
Kanto Denka Kogyo Co. Ltd.	659,000		4,384,437
Stella Chemifa Corp.	111,100		4,396,436
Tanaka Chemical Corp. (d)	80,000		995,082
Toda Kogyo Corp. (d)	318,000		2,766,977
			12,542,932
Metals & Mining - 1.5%
Chuo Denki Kogyo Co. Ltd.	135,000		787,272
Toyo Kohan Co. Ltd.	351,000		2,006,295
Yamato Kogyo Co. Ltd.	69,400		1,692,742
			4,486,309
TOTAL MATERIALS			17,029,241
TOTAL COMMON STOCKS (Cost $293,280,982)		307,835,736
Money Market Funds - 11.1%
	Shares		Value
Fidelity Cash Central Fund, 0.24% (b)	2,706,241		$ 2,706,241
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	31,735,769		31,735,769
TOTAL MONEY MARKET FUNDS (Cost $34,442,010)		34,442,010

TOTAL INVESTMENT PORTFOLIO - 109.7%

(Cost $327,722,992)

342,277,746

NET OTHER ASSETS (LIABILITIES) - (9.7)%

(30,180,958)

NET ASSETS - 100%

$ 312,096,788

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	$ 1,656
Fidelity Securities Lending Cash Central Fund	461,499
Total	$ 463,155

Other Information

The following is a summary of the inputs used, as of July 31, 2010, involving the Fund's assets and liabilities carried at fair 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	$ 79,322,839	$ 66,225,920	$ 13,096,919	$ -
Consumer Staples	23,148,927	23,148,927	-	-
Financials	72,207,405	62,377,007	9,830,398	-
Health Care	7,144,367	7,144,367	-	-
Industrials	42,138,323	42,138,323	-	-
Information Technology	66,844,634	57,831,738	9,012,896	-
Materials	17,029,241	17,029,241	-	-
Money Market Funds	34,442,010	34,442,010	-	-
Total Investments in Securities:	$ 342,277,746	$ 310,337,533	$ 31,940,213	$ -

Income Tax Information

At July 31, 2010, the cost of investment securities for income tax purposes was $336,356,868. Net unrealized appreciation aggregated $5,920,878, of which $36,365,393 related to appreciated investment securities and $30,444,515 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 and are categorized as Level 1 in the hierarchy. 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 or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in significant transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Latin America Fund

July 31, 2010

1.804841.106

LAF-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.7%
	Shares		Value
Bahamas (Nassau) - 0.4%
Petrominerales Ltd. (d)	468,900		$ 13,283,105
Bermuda - 0.5%
Credicorp Ltd. (NY Shares)	208,100		20,335,532
Brazil - 61.3%
AES Tiete SA (PN) (non-vtg.)	5,863,900		73,361,274
Banco Bradesco SA:
(PN)	3,171,652		58,166,492
(PN) sponsored ADR (d)	5,575,261		103,867,112
BR Malls Participacoes SA	832,600		12,518,592
Bradespar SA (PN)	550,300		11,569,287
Brascan Residential Properties SA	4,742,400		24,676,122
Brasil Foods SA	1,573,000		22,022,895
Centrais Eletricas Brasileiras SA (Electrobras):
(PN-B) sponsored ADR (d)	2,141,387		33,512,707
sponsored ADR	2,223,100		29,078,148
Companhia de Bebidas das Americas (AmBev):
(PN) sponsored ADR (d)	1,180,426		128,926,128
sponsored ADR (d)	66,745		6,204,615
Companhia de Concessoes Rodoviarias	1,555,000		35,671,709
Companhia de Saneamento de Minas Gerais	61,112		879,582
Companhia Siderurgica Nacional SA (CSN) sponsored ADR (d)	462,500		7,765,375
CPFL Energia SA sponsored ADR (d)	295,012		20,612,488
Drogasil SA	418,200		8,704,077
Eletropaulo Metropolitana SA (PN-B)	769,160		16,188,008
Equatorial Energia SA	1,723,023		16,314,093
Gerdau SA	370,600		3,926,231
Gerdau SA sponsored ADR	647,700		9,482,328
Itau Unibanco Banco Multiplo SA	3,459,637		77,455,734
Itau Unibanco Banco Multiplo SA:
ADR	11,588,662		259,470,142
ADR (e)	559,600		12,529,444
Itausa-Investimentos Itau SA (PN)	4,809,600		35,583,108
Light SA	399,000		5,018,982
Lojas Americanas SA (PN)	5,311,100		44,699,619
Lojas Renner SA	434,700		14,589,704
Multiplan Empreendimentos Imobiliarios SA	481,000		9,108,502
Multiplus SA	1,253,000		15,319,591
Net Servicos de Comunicacao SA:
sponsored ADR (a)(d)	315,800		3,420,114
(PN) (a)	7,467,100		80,000,093
Odontoprev SA	3,202,000		30,135,399
OGX Petroleo e Gas Participacoes SA (a)	3,854,800		40,597,609
Petroleo Brasileiro SA - Petrobras:
(ON)	583,400		10,593,098
(ON) sponsored ADR	4,673,620		170,119,768
(PN) (non-vtg.)	7,222,260		114,504,753
(PN) sponsored ADR (non-vtg.)	3,596,944		114,562,666
Souza Cruz Industria Comerico	1,922,600		88,121,444

	Shares		Value
TAM SA (PN) sponsored ADR (ltd. vtg.) (d)	2,477,800		$ 41,825,264
TIM Participacoes SA	6,610,800		18,871,889
TIM Participacoes SA sponsored ADR (non-vtg.) (d)	1,563,070		44,594,387
Usinas Siderurgicas de Minas Gerais SA - Usiminas	572,675		16,644,538
Usinas Siderurgicas de Minas Gerais SA - Usiminas (PN-A) (non-vtg.)	1,765,750		49,653,874
Vale SA:
(PN-A)	1,748,100		42,437,526
(PN-A) sponsored ADR (a)	9,277,876		224,802,935
sponsored ADR (a)(d)	4,784,600		133,011,880
Vivo Participacoes SA:
(PN)	778,186		20,865,209
sponsored ADR	1,104,015		29,521,361
TOTAL BRAZIL			2,371,505,896
Canada - 0.1%
Silver Standard Resources, Inc. (a)	273,300		4,471,190
Chile - 11.0%
Banco Santander Chile sponsored ADR (d)	1,272,875		105,661,354
CAP SA	3,114,521		114,423,156
Cencosud SA	6,360,640		32,398,076
Compania Cervecerias Unidas SA	3,260,150		34,367,137
Compania Cervecerias Unidas SA sponsored ADR	232,257		12,291,040
Empresa Nacional de Electricidad SA	7,206,492		11,862,196
Empresas La Polar SA	1,729,839		10,520,075
Enersis SA	44,106,755		18,277,329
Enersis SA sponsored ADR	2,774,671		57,546,677
SACI Falabella	3,593,859		27,854,559
TOTAL CHILE			425,201,599
Colombia - 2.4%
BanColombia SA sponsored ADR	791,072		46,380,551
Ecopetrol SA	24,762,368		41,670,991
Ecopetrol SA ADR	111,000		3,787,320
TOTAL COLOMBIA			91,838,862
Luxembourg - 1.4%
Millicom International Cellular SA	266,767		24,868,020
Ternium SA sponsored ADR (d)	836,254		29,896,081
TOTAL LUXEMBOURG			54,764,101
Mexico - 18.1%
America Movil SAB de CV:
Series L	2,463,900		6,098,242
Series L sponsored ADR	6,027,656		299,032,013
Bolsa Mexicana de Valores SA de CV	10,658,500		18,237,938
Coca-Cola FEMSA SAB de CV sponsored ADR	432,815		29,647,828
Fomento Economico Mexicano SAB de CV sponsored ADR (a)	291,695		14,199,713
Common Stocks - continued
	Shares		Value
Mexico - continued
Grupo Aeroportuario del Pacifico SA de CV sponsored ADR	1,950,566		$ 63,373,889
Grupo Bimbo Sab de CV Series A	3,445,100		25,953,101
Grupo Comercial Chedraui de CV (a)	5,551,100		15,357,353
Grupo Modelo SAB de CV Series C	7,457,900		40,481,602
Industrias Penoles SA de CV	976,755		20,411,050
Kimberly-Clark de Mexico SA de CV Series A	4,886,600		30,879,032
Wal-Mart de Mexico SA de CV Series V (d)	59,463,132		138,107,193
TOTAL MEXICO			701,778,954
Panama - 0.4%
Copa Holdings SA Class A	262,900		13,578,785
Peru - 1.8%
Compania de Minas Buenaventura SA sponsored ADR	1,805,096		69,694,757
United States of America - 1.3%
First Cash Financial Services, Inc. (a)	370,067		8,874,207
Mercadolibre, Inc. (a)(d)	124,900		7,556,450
Southern Copper Corp.	1,114,000		34,990,740
TOTAL UNITED STATES OF AMERICA			51,421,397
TOTAL COMMON STOCKS (Cost $2,240,126,564)		3,817,874,178
Money Market Funds - 6.3%
	Shares		Value
Fidelity Cash Central Fund, 0.24% (b)	38,040,355		$ 38,040,355
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	205,360,220		205,360,220
TOTAL MONEY MARKET FUNDS (Cost $243,400,575)		243,400,575

TOTAL INVESTMENT PORTFOLIO - 105.0%

(Cost $2,483,527,139)

4,061,274,753

NET OTHER ASSETS (LIABILITIES) - (5.0)%			(192,285,599)
NET ASSETS - 100%		$ 3,868,989,154

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	$ 61,909
Fidelity Securities Lending Cash Central Fund	414,366
Total	$ 476,275

Other Information

Income Tax Information

At July 31, 2010, the cost of investment securities for income tax purposes was $2,505,130,502. Net unrealized appreciation aggregated $1,556,144,251, of which $1,606,689,579 related to appreciated investment securities and $50,545,328 related to depreciated investment securities.

Investment Valuation

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Nordic Fund

July 31, 2010

1.804855.106

NOR-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.7%
	Shares		Value
Denmark - 22.1%
A.P. Moller - Maersk AS:
Series A	509		$ 4,185,428
Series B	881		7,430,789
Carlsberg AS Series B	95,400		8,460,346
Danisco AS	69,500		5,286,960
Danske Bank AS (a)	224,788		5,296,299
FLSmidth & Co. A/S (d)	81,200		5,784,985
Novo Nordisk AS Series B	310,623		26,582,621
Novozymes AS Series B	60,700		7,756,052
Vestas Wind Systems AS (a)	131,800		6,409,026
William Demant Holding AS (a)	45,500		3,334,704
TOTAL DENMARK			80,527,210
Finland - 15.6%
Fortum Corp.	249,763		5,810,686
Kone Oyj (B Shares)	139,960		6,388,239
Nokia Corp.	1,830,680		17,241,762
Outotec OYJ (d)	53,900		1,908,708
Sampo OYJ (A Shares)	286,200		6,994,102
UPM-Kymmene Corp.	922,300		13,391,168
Wartsila Corp.	99,200		5,219,531
TOTAL FINLAND			56,954,196
Iceland - 0.5%
Ossur hf (a)	1,059,170		1,815,614
Norway - 13.8%
Aker Solutions ASA	259,800		3,368,610
DnB NOR ASA	895,900		11,129,605
Norsk Hydro ASA	755,200		4,066,031
Pronova BioPharma ASA (a)	28,700		70,409
Schibsted ASA (B Shares)	80,000		1,791,389
Sevan Marine ASA (a)	583,600		593,353
StatoilHydro ASA	631,296		12,772,228
Storebrand ASA (A Shares) (a)	1,169,500		6,937,859
Telenor ASA	630,500		9,732,341
TOTAL NORWAY			50,461,825
Sweden - 46.0%
ASSA ABLOY AB (B Shares)	130,200		2,880,707
Atlas Copco AB (A Shares)	451,400		7,385,750
Bilia AB (A Shares)	151,700		2,290,842
Elekta AB (B Shares)	89,000		2,580,729
H&M Hennes & Mauritz AB (B Shares)	430,451		13,561,175
Modern Times Group MTG AB (B Shares)	57,650		3,614,906
Nordea Bank AB	1,688,500		16,889,679

	Shares		Value
Rezidor Hotel Group AB (a)	649,300		$ 3,319,364
Sandvik AB	941,500		12,163,324
Scania AB (B Shares)	478,900		8,830,921
Skandinaviska Enskilda Banken AB (A Shares)	1,595,700		10,985,084
Skanska AB (B Shares)	410,393		6,942,226
SKF AB (B Shares)	444,900		8,499,821
SSAB Svenskt Stal AB (B Shares)	53,400		686,920
Svenska Cellulosa AB (SCA) (B Shares)	166,000		2,396,398
Svenska Handelsbanken AB (A Shares)	348,600		10,006,916
Swedbank AB (A Shares) (a)	908,258		10,387,462
Swedish Match Co.	179,000		4,228,249
Telefonaktiebolaget LM Ericsson (B Shares)	1,740,662		19,211,145
TeliaSonera AB	583,700		4,225,315
Volvo AB (B Shares) (a)	1,307,800		16,297,674
TOTAL SWEDEN			167,384,607
United States of America - 0.7%
Autoliv, Inc.	43,100		2,475,664
TOTAL COMMON STOCKS (Cost $307,716,730)		359,619,116
Money Market Funds - 4.2%

Fidelity Cash Central Fund, 0.24% (b)	12,420,527		12,420,527
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	2,762,900		2,762,900
TOTAL MONEY MARKET FUNDS (Cost $15,183,427)		15,183,427

TOTAL INVESTMENT PORTFOLIO - 102.9%

(Cost $322,900,157)

374,802,543

NET OTHER ASSETS (LIABILITIES) - (2.9)%

(10,586,235)

NET ASSETS - 100%

$ 364,216,308

Legend

(a) Non-income producing

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

Affiliated Central Funds

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

Fund	Income earned
Fidelity Cash Central Fund	$ 3,924
Fidelity Securities Lending Cash Central Fund	571,542
Total	$ 575,466

Other Information

The following is a summary of the inputs used, as of July 31, 2010, involving the Fund's assets and liabilities carried at fair 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:
Sweden	$ 167,384,607	$ 148,173,462	$ 19,211,145	$ -
Denmark	80,527,210	53,944,589	26,582,621	-
Finland	56,954,196	39,712,434	17,241,762	-
Norway	50,461,825	37,689,597	12,772,228	-
United States of America	2,475,664	2,475,664	-	-
Iceland	1,815,614	1,815,614	-	-
Money Market Funds	15,183,427	15,183,427	-	-
Total Investments in Securities:	$ 374,802,543	$ 298,994,787	$ 75,807,756	$ -

Income Tax Information

At July 31, 2010, the cost of investment securities for income tax purposes was $326,857,798. Net unrealized appreciation aggregated $47,944,745, of which $73,786,303 related to appreciated investment securities and $25,841,558 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 and are categorized as Level 1 in the hierarchy. 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 or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in significant transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Overseas Fund -
Overseas
Class K
Class F

July 31, 2010

1.804876.106

OVE-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.7%
	Shares		Value
Australia - 2.2%
Australia & New Zealand Banking Group Ltd.	2,038,899		$ 42,524,893
Macquarie Group Ltd.	1,524,147		51,303,428
Newcrest Mining Ltd.	1,598,810		47,321,008
TOTAL AUSTRALIA			141,149,329
Austria - 0.7%
Erste Bank AG	563,100		22,600,955
Wienerberger AG (a)	1,786,918		24,780,343
TOTAL AUSTRIA			47,381,298
Bailiwick of Jersey - 1.2%
Shire PLC	1,533,858		35,067,369
WPP PLC	4,083,514		43,402,781
TOTAL BAILIWICK OF JERSEY			78,470,150
Belgium - 1.3%
Ageas	8,054,178		22,181,033
Anheuser-Busch InBev SA NV	780,339		41,328,023
Anheuser-Busch InBev SA NV (strip VVPR) (a)	6,312,640		24,683
KBC Groupe SA (a)	486,408		21,491,239
TOTAL BELGIUM			85,024,978
Brazil - 0.6%
BM&F BOVESPA SA	5,626,600		41,595,564
Canada - 0.5%
Harry Winston Diamond Corp. (a)	2,390,974		29,632,773
Cayman Islands - 0.3%
Shanda Games Ltd. sponsored ADR (d)	3,226,600		21,392,358
China - 0.4%
China Merchants Bank Co. Ltd. (H Shares)	9,904,000		26,457,419
France - 12.8%
Atos Origin SA (a)	1,320,139		56,693,874
AXA SA	1,801,737		33,216,617
BNP Paribas SA	708,726		48,689,177
Carrefour SA	2,504,355		115,302,604
Compagnie de St. Gobain (d)	980,670		41,750,974
Compagnie Generale de Geophysique SA (a)	1,123,500		21,690,255
Danone	1,069,866		60,015,400
LVMH Moet Hennessy - Louis Vuitton	401,637		49,007,597
Neopost SA (d)	189,400		14,650,814
Pernod-Ricard SA	1,097,967		85,947,979
PPR SA	194,300		25,995,179
Renault SA (a)	1,602,400		71,499,388
Sanofi-Aventis	619,478		36,017,311
Schneider Electric SA	412,223		47,548,470
Societe Generale Series A	878,308		50,637,694
Total SA	1,287,580		65,008,963
TOTAL FRANCE			823,672,296

	Shares		Value
Germany - 14.8%
Bayer AG	636,256		$ 36,582,993
Daimler AG (United States) (a)	433,300		23,419,865
Deutsche Bank AG	413,200		28,865,970
Deutsche Boerse AG	1,541,892		107,957,051
E.ON AG	761,515		22,723,758
Fresenius Medical Care AG & Co. KGaA (d)	1,373,800		75,390,780
HeidelbergCement AG	1,413,029		71,171,389
Linde AG	341,697		40,059,303
Munich Re Group	386,015		53,480,874
Puma AG	64,373		18,814,698
SAP AG	6,151,593		280,939,462
Siemens AG	1,695,180		165,241,986
Software AG (Bearer)	246,700		27,510,658
TOTAL GERMANY			952,158,787
Greece - 0.2%
EFG Eurobank Ergasias SA	1,452,500		11,169,384
Hong Kong - 1.0%
China Unicom (Hong Kong) Ltd. sponsored ADR	4,530,100		61,790,564
Ireland - 0.4%
Bank of Ireland (a)	21,755,300		23,554,075
Israel - 0.3%
Teva Pharmaceutical Industries Ltd. sponsored ADR	454,800		22,216,980
Italy - 3.5%
Bulgari SpA (d)	12,387,948		97,197,908
ENI SpA	829,474		16,952,726
Intesa Sanpaolo SpA	21,959,738		72,697,910
Saipem SpA	1,039,967		37,410,171
TOTAL ITALY			224,258,715
Japan - 20.8%
Casio Computer Co. Ltd. (d)	1,864,900		13,443,248
Denso Corp.	1,410,300		40,420,169
Fuji Media Holdings, Inc.	13,030		18,875,973
Hitachi Ltd. (a)	7,790,000		32,318,188
Japan Tobacco, Inc.	14,074		45,271,299
JFE Holdings, Inc.	1,288,900		39,893,636
Kawasaki Kisen Kaisha Ltd. (a)	4,228,000		18,051,860
Kenedix, Inc. (a)(d)(e)	71,644		12,003,530
Keyence Corp.	110,000		25,328,319
Kose Corp.	692,300		16,068,890
Marui Group Co. Ltd.	2,186,200		15,329,328
Mazda Motor Corp.	75,480,000		182,531,905
Mitsubishi Corp.	2,021,900		43,724,976
Mitsubishi UFJ Financial Group, Inc.	12,338,400		61,103,024
Mitsui & Co. Ltd.	5,188,900		66,523,589
Mitsui Chemicals, Inc.	5,979,000		17,710,431
Mizuho Financial Group, Inc.	16,857,100		27,316,676
Nikon Corp.	1,462,700		25,420,600
Common Stocks - continued
	Shares		Value
Japan - continued
NKSJ Holdings, Inc. (a)	3,164,000		$ 18,487,937
NTT DoCoMo, Inc.	19,623		31,164,765
Omron Corp.	1,200,300		28,943,306
Panasonic Corp.	2,226,900		29,415,411
Rakuten, Inc.	57,330		43,913,752
Ricoh Co. Ltd.	6,888,000		95,399,895
Showa Denko KK	15,127,000		29,930,194
SOFTBANK CORP.	1,004,500		30,044,923
Sony Corp.	638,700		19,975,086
Sumitomo Mitsui Financial Group, Inc.	1,598,100		49,482,390
T&D Holdings, Inc.	1,257,150		27,535,840
Tokio Marine Holdings, Inc.	1,149,700		31,474,575
Tokyo Broadcasting System Holding	1,852,500		23,578,247
Tokyo Electron Ltd.	1,655,700		88,891,501
Toshiba Corp. (a)	7,253,000		37,932,959
Toto Ltd.	2,025,000		13,800,694
Toyota Motor Corp. sponsored ADR (d)	388,002		27,249,380
Yahoo! Japan Corp.	23,123		8,896,034
TOTAL JAPAN			1,337,452,530
Luxembourg - 0.3%
ArcelorMittal SA Class A unit (d)	588,600		18,070,020
Netherlands - 1.8%
Aegon NV (a)	4,148,600		24,922,601
ING Groep NV (Certificaten Van Aandelen) unit (a)	2,731,800		26,201,676
Koninklijke Philips Electronics NV	1,017,900		31,648,271
Reed Elsevier NV	2,542,072		32,918,460
TOTAL NETHERLANDS			115,691,008
Norway - 1.0%
Aker Solutions ASA	3,633,600		47,113,855
Sevan Marine ASA (a)(d)	18,450,652		18,758,998
TOTAL NORWAY			65,872,853
Spain - 4.1%
Banco Bilbao Vizcaya Argentaria SA	6,338,154		85,007,057
Gas Natural SDG SA	3,481,300		58,214,230
Inditex SA	549,355		36,337,093
Indra Sistemas SA	1,047,400		17,118,715
Repsol YPF SA sponsored ADR (d)	1,759,800		41,619,270
Telefonica SA sponsored ADR	413,586		28,305,826
TOTAL SPAIN			266,602,191
Sweden - 0.3%
Swedbank AB (A Shares) (a)	1,470,300		16,815,360

	Shares		Value
Switzerland - 4.1%
Julius Baer Group Ltd.	2,474,450		$ 86,595,653
Roche Holding AG (participation certificate)	267,163		34,756,456
Swiss Reinsurance Co.	466,189		21,475,444
Transocean Ltd. (a)	556,300		25,706,623
UBS AG (a)(d)	3,507,203		59,543,989
Zurich Financial Services AG	157,737		36,831,298
TOTAL SWITZERLAND			264,909,463
United Kingdom - 20.9%
Anglo American PLC (United Kingdom)	1,578,900		62,515,374
BAE Systems PLC	23,017,400		112,777,931
Barclays PLC	13,142,914		68,038,516
BG Group PLC	3,740,772		59,931,679
BP PLC sponsored ADR	1,464,500		56,339,315
Capita Group PLC	1,188,700		13,404,727
Centrica PLC	16,225,043		77,334,519
GKN PLC (a)	20,626,743		43,706,179
GlaxoSmithKline PLC	2,818,498		49,186,454
HSBC Holdings PLC sponsored ADR	2,680,664		136,928,317
Imperial Tobacco Group PLC	5,754,233		162,809,900
ITV PLC (a)	21,426,630		17,374,057
Lloyds TSB Group PLC (a)	31,001,210		33,444,162
Misys PLC (a)	12,612,600		49,869,418
Rio Tinto PLC	2,710,710		140,227,739
Royal Dutch Shell PLC Class B ADR	2,180,200		116,466,284
Segro PLC	6,698,909		29,418,393
SIG PLC (a)	10,009,000		15,886,493
Tesco PLC	5,051,444		30,949,968
William Hill PLC	26,152,832		68,459,212
TOTAL UNITED KINGDOM			1,345,068,637
United States of America - 4.2%
Corning, Inc.	1,236,200		22,399,944
Fluor Corp.	1,233,700		59,575,373
Morgan Stanley	718,200		19,384,218
NII Holdings, Inc. (a)	2,529,400		94,751,324
Procter & Gamble Co.	369,400		22,592,504
Scientific Games Corp. Class A (a)	4,697,006		49,741,294
TOTAL UNITED STATES OF AMERICA			268,444,657
TOTAL COMMON STOCKS (Cost $6,670,472,884)		6,288,851,389
Nonconvertible Preferred Stocks - 1.7%

Germany - 1.7%
Porsche Automobil Holding SE	255,000		12,901,992
Volkswagen AG	905,368		95,946,725
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $103,726,208)		108,848,717
Money Market Funds - 3.4%
	Shares		Value
Fidelity Cash Central Fund, 0.24% (b)	51,639,213		$ 51,639,213
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	166,011,288		166,011,288
TOTAL MONEY MARKET FUNDS (Cost $217,650,501)		217,650,501

TOTAL INVESTMENT PORTFOLIO - 102.8%

(Cost $6,991,849,593)

6,615,350,607

NET OTHER ASSETS (LIABILITIES) - (2.8)%			(180,972,283)
NET ASSETS - 100%		$ 6,434,378,324

Legend

(a) Non-income producing

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

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

Other Affiliated Issuers

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Harry Winston Diamond Corp.	$ 35,080,049	$ -	$ 21,459,940	$ -	$ -
Kenedix, Inc.	28,504,228	13,220,143	12,411,387	-	-
William Hill PLC	71,632,544	29,169,053	25,141,971	2,667,780	-
Total	$ 135,216,821	$ 42,389,196	$ 59,013,298	$ 2,667,780	$ -

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	$ 197,303
Fidelity Securities Lending Cash Central Fund	6,146,908
Total	$ 6,344,211

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
United Kingdom	$ 1,345,068,637	$ 1,054,171,766	$ 290,896,871	$ -
Japan	1,337,452,530	1,136,159,380	201,293,150	-
Germany	1,061,007,504	1,061,007,504	-	-
France	823,672,296	700,955,767	122,716,529	-
United States of America	268,444,657	268,444,657	-	-
Spain	266,602,191	181,595,134	85,007,057	-
Switzerland	264,909,463	205,365,474	59,543,989	-
Italy	224,258,715	207,305,989	16,952,726	-
Australia	141,149,329	141,149,329	-	-
Other	665,134,784	447,419,551	217,715,233	-
Money Market Funds	217,650,501	217,650,501	-	-
Total Investments in Securities:	$ 6,615,350,607	$ 5,621,225,052	$ 994,125,555	$ -

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

Investments in Securities:
Beginning Balance	$ 35
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	(35)
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfers in to Level 3	-
Transfers out of Level 3	-
Ending Balance	$ -
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ -

Income Tax Information

At July 31, 2010, the cost of investment securities for income tax purposes was $7,082,431,678. Net unrealized depreciation aggregated $467,081,071, of which $315,144,445 related to appreciated investment securities and $782,225,516 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 and are categorized as Level 1 in the hierarchy. 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 or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in significant transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Pacific Basin Fund

July 31, 2010

1.804825.106

PAF-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.3%
	Shares		Value
Australia - 8.3%
Austal Ltd.	2,568,947		$ 5,346,377
Australian Worldwide Exploration Ltd. (a)	2,270,671		3,205,202
Goodman Group unit	22,838,757		12,709,374
Iress Market Technology Ltd.	260,098		1,941,635
Lynas Corp. Ltd. (a)	6,378,627		4,386,492
Macquarie Group Ltd.	109,776		3,695,106
MAp Group unit	3,795,977		10,166,978
Navitas Ltd.	1,755,729		6,878,947
Origin Energy Ltd.	599,529		8,375,950
realestate.com.au Ltd.	290,916		2,685,001
TOTAL AUSTRALIA			59,391,062
Bermuda - 5.3%
Biosensors International Group Ltd. (a)	6,564,000		3,933,863
China Animal Healthcare Ltd.	13,770,000		3,037,723
China LotSynergy Holdings Ltd. (a)	21,764,000		896,618
China Water Affairs Group Ltd.	6,846,000		2,555,958
Huabao International Holdings Ltd.	2,977,000		3,840,301
Integrated Distribution Services Group Ltd. (IDS)	1,092,000		2,108,787
Mingyuan Medicare Development Co. Ltd.	28,860,000		3,306,778
Noble Group Ltd.	4,825,527		5,854,930
Vtech Holdings Ltd. (d)	1,172,000		12,463,109
TOTAL BERMUDA			37,998,067
Cayman Islands - 10.0%
Bosideng International Holdings Ltd.	7,610,000		2,351,336
China Dongxiang Group Co. Ltd.	4,351,000		2,464,680
China High Precision Automation Group Ltd. (a)	4,875,000		2,968,619
China Lilang Ltd.	1,747,000		1,931,990
China Real Estate Information Corp. ADR	298,100		2,760,406
CNinsure, Inc. ADR (d)	178,700		4,213,746
Ctrip.com International Ltd. sponsored ADR (a)	356,200		14,340,612
Daphne International Holdings Ltd.	3,308,000		3,062,056
EVA Precision Industrial Holdings Ltd.	9,516,000		4,900,418
Fook Woo Group Holdings Ltd.	7,678,000		2,589,811
Hengan International Group Co. Ltd.	343,000		2,954,194
Hengdeli Holdings Ltd.	5,846,000		2,679,338
Kingdee International Software Group Co. Ltd.	12,772,928		5,377,209
Little Sheep Group Ltd.	4,223,000		2,506,344
Maoye International Holdings Ltd.	6,182,000		2,530,899
Neo-Neon Holdings Ltd.	3,506,000		2,040,183
PCD Stores Group Ltd.	5,244,000		1,667,548
Perfect World Co. Ltd. sponsored ADR Class B (a)(d)	242,375		5,661,880
SinoCom Software Group Ltd.	15,226,000		2,313,058
Wasion Group Holdings Ltd. (d)	2,788,000		2,243,322
TOTAL CAYMAN ISLANDS			71,557,649

	Shares		Value
China - 11.2%
51job, Inc. sponsored ADR (a)	157,900		$ 3,980,659
AMVIG Holdings Ltd.	6,142,000		3,400,142
Baidu.com, Inc. sponsored ADR (a)	90,400		7,359,464
BYD Co. Ltd. (H Shares) (d)	285,500		1,964,593
China Metal Recycling (Holdings) Ltd.	2,797,800		2,769,885
Dalian Port (PDA) Co. Ltd. (H Shares)	5,512,000		2,384,335
Digital China Holdings Ltd. (H Shares)	1,403,000		2,275,867
Focus Media Holding Ltd. ADR (a)(d)	125,800		2,280,754
Global Bio-Chem Technology Group Co. Ltd.	16,175,600		2,623,915
Harbin Power Equipment Co. Ltd. (H Shares)	3,194,000		2,796,163
Minth Group Ltd. (d)	4,668,000		7,007,258
People's Food Holdings Ltd.	3,234,000		1,593,338
Ping An Insurance Group Co. China Ltd. (H Shares)	2,309,500		19,133,096
Royale Furniture Holdings Ltd.	13,603,962		3,783,014
Sinotrans Ltd. (H Shares)	10,833,000		2,705,635
Tencent Holdings Ltd.	480,600		9,262,416
Yantai Changyu Pioneer Wine Co. (B Shares)	312,700		3,287,426
Zhejiang Expressway Co. Ltd. (H Shares)	1,654,000		1,560,839
TOTAL CHINA			80,168,799
Hong Kong - 4.1%
China Resources Power Holdings Co. Ltd.	1,212,000		2,646,350
China State Construction International Holdings Ltd.	7,402,752		3,230,812
PYI Corp. Ltd. (a)	28,483,617		935,091
REXCAPITAL Financial Holdings Ltd.	33,086,967		2,896,574
Singamas Container Holdings Ltd. (a)	11,732,000		2,477,049
Techtronic Industries Co. Ltd.	9,222,000		7,610,302
Television Broadcasts Ltd.	764,000		3,540,908
Texwinca Holdings Ltd.	2,906,000		2,974,277
Tian An China Investments Co. Ltd.	4,934,800		3,221,041
TOTAL HONG KONG			29,532,404
India - 3.4%
Educomp Solutions Ltd.	158,035		2,070,110
Financial Technologies India Ltd.	75,761		1,995,086
Gateway Distriparks Ltd.	797,796		1,891,078
Geodesic Ltd.	1,605,385		3,049,141
INFO Edge India Ltd.	109,339		2,142,582
Lupin Ltd.	50,446		2,042,364
Max India Ltd. (a)	287,700		955,175
NIIT Ltd.	2,112,406		3,042,120
Reliance Industries Ltd.	78,142		1,700,896
Rural Electrification Corp. Ltd.	456,134		3,100,542
Shriram Transport Finance Co. Ltd.	169,097		2,411,323
TOTAL INDIA			24,400,417
Common Stocks - continued
	Shares		Value
Indonesia - 1.7%
PT Ciputra Development Tbk (a)	137,511,500		$ 5,845,017
PT Lippo Karawaci Tbk (a)	60,762,000		3,296,378
PT Perusahaan Gas Negara Tbk Series B	7,098,740		3,215,877
TOTAL INDONESIA			12,357,272
Ireland - 0.3%
James Hardie Industries NV unit (a)	393,540		2,318,176
Japan - 33.9%
BLife Investment Corp. (d)	406		2,057,599
Credit Saison Co. Ltd.	289,200		3,674,187
Digital Garage, Inc. (d)	4,353		6,396,656
eAccess Ltd. (d)	4,937		3,198,982
FreeBit Co., Ltd. (d)	440		1,311,472
Fuji Fire & Marine Insurance Co. Ltd. (a)	4,294,000		5,862,794
Fujifilm Holdings Corp.	207,700		6,488,747
Fujitsu Ltd.	639,000		4,547,122
GMO Internet, Inc.	800,500		3,075,106
GREE, Inc. (d)	36,200		2,969,719
H.I.S. Co. Ltd.	133,800		3,068,459
Hamakyorex Co. Ltd.	91,100		2,139,809
Haseko Corp. (a)	3,598,000		2,914,203
Hikari Tsushin, Inc.	207,400		3,755,638
Internet Initiative Japan, Inc. (d)	1,332		3,681,976
ISE Chemical Corp. (d)	456,000		2,685,612
Kenedix Realty Investment Corp.	2,783		9,138,738
Mandom Corp.	70,100		1,946,659
Micronics Japan Co. Ltd.	153,400		1,987,943
MS&AD Insurance Group Holdings, Inc.	408,200		9,073,210
Nippon Seiki Co. Ltd.	620,000		6,815,158
Nishimatsu Construction Co. Ltd.	1,899,000		2,351,091
Nitta Corp.	435,600		6,789,160
Nittoku Engineering Co. Ltd.	421,600		3,600,125
NTT Urban Development Co.	4,724		3,831,674
ORIX Corp.	331,330		26,069,357
Panasonic Electric Works Co., Ltd.	441,000		5,607,856
Promise Co. Ltd. (d)	646,850		5,149,353
Rakuten, Inc.	7,323		5,609,287
Risa Partners, Inc. (d)	7,307		3,204,342
Rohto Pharmaceutical Co. Ltd.	591,000		7,255,435
Saizeriya Co. Ltd.	311,200		5,854,917
Sankyo Seiko Co. Ltd.	613,300		1,745,696
SHO-BOND Holdings Co. Ltd.	128,800		2,748,131
So-Net Entertainment Corp.	3,949		9,526,948
SOFTBANK CORP.	637,100		19,055,869
Sony Financial Holdings, Inc.	1,671		6,061,423
Sumitomo Mitsui Financial Group, Inc.	439,900		13,620,739
Sumitomo Trust & Banking Co. Ltd.	1,615,000		8,988,314
Take & Give Needs Co. Ltd. (a)	32,572		1,918,328
Tokyo Ohka Kogyo Co. Ltd.	139,700		2,398,783
Toridoll Corp.	806		1,475,374
Tosoh Corp.	973,000		2,600,671

	Shares		Value
Toyo Seikan Kaisha Ltd.	154,500		$ 2,479,508
Toyo Tanso Co. Ltd. (d)	91,700		4,631,420
Yamato Kogyo Co. Ltd.	185,700		4,529,426
TOTAL JAPAN			243,893,016
Korea (South) - 10.5%
CJ Home Shopping (a)	68,011		6,670,280
Daou Technology, Inc.	1,117,860		6,946,750
eSang Networks Co. Ltd. (a)	130,755		804,816
Halla Climate Control Co.	46,380		678,397
Hyosung Corp.	50,081		3,476,347
Infopia Co. Ltd. (a)	195,412		2,164,360
Interpark Corp. (a)	467,633		1,791,061
Jinsung T.E.C. Co. Ltd. (a)	473,599		2,478,611
Jusung Engineering Co. Ltd. (a)	299,634		5,497,405
KC Tech Co. Ltd.	833,860		4,018,601
LG Chemical Ltd.	23,832		6,629,234
Lock & Lock Co. Ltd.	102,580		3,005,196
MNTECH Co. Ltd.	467,070		4,185,957
NCsoft Corp.	18,167		2,887,673
NHN Corp. (a)	39,143		6,089,461
Plantynet Co. Ltd.	320,785		1,301,854
Power Logics Co. Ltd. (a)	343,039		2,265,173
Sodiff Advanced Materials Co. Ltd.	31,336		2,964,699
The Basic House Co. Ltd. (a)	592,631		7,490,874
TK Corp. (a)	195,708		3,797,504
TOTAL KOREA (SOUTH)			75,144,253
Malaysia - 1.3%
IJM Corp. Bhd	1,637,580		2,597,496
IJM Land Bhd warrants 9/11/13 (a)	116,970		36,740
JobStreet Corp. Bhd	6,159,050		3,965,780
Top Glove Corp. Bhd	1,305,200		2,722,113
TOTAL MALAYSIA			9,322,129
Papua New Guinea - 0.5%
Lihir Gold Ltd.	990,416		3,681,123
Philippines - 0.7%
Alliance Global Group, Inc.	25,222,542		3,185,714
DMCI Holdings, Inc.	4,424,500		1,819,366
TOTAL PHILIPPINES			5,005,080
Singapore - 2.9%
CSE Global Ltd.	7,480,500		5,280,741
Goodpack Ltd.	11,378,000		14,139,878
Goodpack Ltd. warrants 11/30/12 (a)	2,233,800		1,626,195
Tat Hong Holdings Ltd. warrants 8/2/13 (a)	125,700		2,773
TOTAL SINGAPORE			21,049,587
Taiwan - 2.6%
104 Corp.	479,000		1,692,130
Hon Hai Precision Industry Co. Ltd. (Foxconn)	1,411,243		5,691,297
Lite-On Technology Corp.	3,433,000		4,389,518
Common Stocks - continued
	Shares		Value
Taiwan - continued
St. Shine Optical Co. Ltd.	298,000		$ 2,608,519
Tatung Co. Ltd. (a)	23,884,000		4,360,533
TOTAL TAIWAN			18,741,997
Thailand - 1.3%
Asian Property Development PCL (For. Reg.)	9,134,500		1,751,203
Banpu PCL (For. Reg.)	134,600		2,597,106
BEC World PCL (For. Reg.)	2,602,100		2,413,822
Total Access Communication PCL unit	1,543,900		2,255,698
TOTAL THAILAND			9,017,829
United States of America - 0.3%
Sohu.com, Inc. (a)	44,900		2,111,198
TOTAL COMMON STOCKS (Cost $621,132,202)		705,690,058
Money Market Funds - 6.3%
	Shares		Value
Fidelity Cash Central Fund, 0.24% (b)	13,361,199		$ 13,361,199
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	31,986,299		31,986,299
TOTAL MONEY MARKET FUNDS (Cost $45,347,498)		45,347,498

TOTAL INVESTMENT PORTFOLIO - 104.6%

(Cost $666,479,700)

751,037,556

NET OTHER ASSETS (LIABILITIES) - (4.6)%

(32,697,484)

NET ASSETS - 100%

$ 718,340,072

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	$ 31,904
Fidelity Securities Lending Cash Central Fund	220,625
Total	$ 252,529

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Japan	$ 243,893,016	$ 243,893,016	$ -	$ -
China	80,168,799	61,035,703	-	19,133,096
Korea (South)	75,144,253	75,144,253	-	-
Cayman Islands	71,557,649	71,557,649	-	-
Australia	59,391,062	59,391,062	-	-
Bermuda	37,998,067	37,998,067	-	-
Hong Kong	29,532,404	29,532,404	-	-
India	24,400,417	21,299,875	3,100,542	-
Singapore	21,049,587	21,049,587	-	-
Other	62,554,804	58,873,681	3,681,123	-
Money Market Funds	45,347,498	45,347,498	-	-
Total Investments in Securities:	$ 751,037,556	$ 725,122,795	$ 6,781,665	$ 19,133,096

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

Investments in Securities:
Equities - China
Beginning Balance	$ 1,920,000
Total Realized Gain (Loss)	1,617,701
Total Unrealized Gain (Loss)	(1,329,524)
Cost of Purchases	3,171,296
Proceeds of Sales	(3,003,349)
Amortization/Accretion	-
Transfers in to Level 3	16,756,972
Transfers out of Level 3	-
Ending Balance	$ 19,133,096
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ (795,172)
Equities - Japan
Beginning Balance	$ 1,495,930
Total Realized Gain (Loss)	-
Total Unrealized Gain (Loss)	-
Cost of Purchases	-
Proceeds of Sales	(1,495,930)
Amortization/Accretion	-
Transfers in to Level 3	-
Transfers out of Level 3	-
Ending Balance	$ -
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ -
Equities - Bermuda
Beginning Balance	$ 24
Total Realized Gain (Loss)	(9,958,068)
Total Unrealized Gain (Loss)	9,958,044
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfers in to Level 3	-
Transfers out of Level 3	-
Ending Balance	$ -
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ -

Income Tax Information

At July 31, 2010, the cost of investment securities for income tax purposes was $683,787,402. Net unrealized appreciation aggregated $67,250,154, of which $135,668,665 related to appreciated investment securities and $68,418,511 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 and are categorized as Level 1 in the hierarchy. 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 or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in significant transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Quarterly Report

Quarterly Holdings Report

for

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

July 31, 2010

1.873106.101

ILF-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.4%
	Shares		Value
Argentina - 0.4%
Banco Macro SA sponsored ADR	231,900		$ 8,805,243
Bahamas (Nassau) - 0.2%
Petrominerales Ltd.	165,700		4,693,987
Bailiwick of Guernsey - 0.1%
Chariot Oil & Gas Ltd. (a)	736,873		1,435,972
Bailiwick of Jersey - 0.2%
Heritage Oil PLC (a)	713,100		4,588,902
Bermuda - 1.6%
CNPC (Hong Kong) Ltd.	5,098,000		6,642,003
Huabao International Holdings Ltd.	12,115,000		15,628,233
Trinity Ltd.	9,884,000		6,349,683
VimpelCom Ltd. ADR (a)	463,700		7,562,947
TOTAL BERMUDA			36,182,866
Brazil - 16.3%
AES Tiete SA (PN) (non-vtg.)	592,700		7,415,070
Anhanguera Educacional Participacoes SA unit	403,976		6,317,509
Banco Do Brasil SA	1,553,957		26,863,971
Banco do Estado do Rio Grande do Sul SA	1,335,000		11,531,788
BM&F BOVESPA SA	1,503,100		11,111,914
BR Properties SA	160,600		1,274,023
Centrais Eletricas Brasileiras SA (Electrobras) (PN-B)	734,000		11,311,572
Companhia Siderurgica Nacional SA (CSN) sponsored ADR	721,900		12,120,701
Cosan SA Industria e Comercio (a)	791,500		11,383,017
Ecorodovias Infraestrutura e Logistica SA (a)	1,470,400		8,846,649
Gafisa SA sponsored ADR	528,000		7,993,920
Iguatemi Empresa de Shopping Centers SA	750,400		14,918,387
Itau Unibanco Banco Multiplo SA:
ADR	1,348,560		30,194,258
ADR (e)	267,800		5,996,042
Localiza Rent A Car SA	759,900		10,479,144
Lojas Renner SA	281,000		9,431,117
Mills Estruturas e Servicos de Engenharia SA (a)	873,000		7,496,332
Natura Cosmeticos SA	567,700		14,850,270
Net Servicos de Comunicacao SA sponsored ADR (a)(d)	866,400		9,383,112
OGX Petroleo e Gas Participacoes SA (a)	1,629,800		17,164,570
PDG Realty SA Empreendimentos e Participacoes	1,044,200		11,050,647
Petroleo Brasileiro SA - Petrobras:
(ON) sponsored ADR (d)	1,300,800		47,349,120
(PN) sponsored ADR (non-vtg.)	260,700		8,303,295
Tele Norte Leste Participacoes SA sponsored ADR (non-vtg.)	681,100		9,964,493
Common Stocks - continued
	Shares		Value
Brazil - continued
TIM Participacoes SA	2,808,100		$ 8,016,299
TIM Participacoes SA sponsored ADR (non-vtg.)	71,200		2,031,336
Vale SA (PN-A) sponsored ADR (a)	1,826,100		44,246,403
TOTAL BRAZIL			367,044,959
Canada - 2.2%
First Quantum Minerals Ltd.	238,100		14,921,350
Niko Resources Ltd.	62,500		6,741,573
Pacific Rubiales Energy Corp. (a)	207,900		4,987,416
Sherritt International Corp.	532,900		3,530,375
Uranium One, Inc. (a)	6,870,200		18,646,683
TOTAL CANADA			48,827,397
Cayman Islands - 2.7%
China Forestry Holdings Co. Ltd.	29,984,000		11,966,579
China High Speed Transmission Equipment Group Co. Ltd.	3,729,000		8,526,172
China Shanshui Cement Group Ltd.	1,935,000		1,041,300
Eurasia Drilling Co. Ltd. GDR (Reg. S)	356,600		7,310,300
Hidili Industry International Development Ltd.	16,377,000		14,800,971
Shenguan Holdings Group Ltd.	7,178,000		6,542,677
Xinao Gas Holdings Ltd.	4,346,000		10,283,808
TOTAL CAYMAN ISLANDS			60,471,807
Chile - 0.5%
Enersis SA	28,874,815		11,965,390
China - 10.1%
Ausnutria Dairy Hunan Co. Ltd. (H Shares) (d)	8,074,000		4,885,459
Baidu.com, Inc. sponsored ADR (a)	116,400		9,476,124
China Construction Bank Corp. (H Shares)	54,591,000		46,315,377
China Petroleum & Chemical Corp. (H Shares)	9,136,000		7,372,691
China Shenhua Energy Co. Ltd. (H Shares)	3,820,500		14,706,527
Digital China Holdings Ltd. (H Shares)	3,028,000		4,911,851
Golden Eagle Retail Group Ltd. (H Shares)	4,815,000		11,443,180
Industrial & Commercial Bank of China Ltd. (H Shares)	60,702,000		46,342,177
Jiangsu Expressway Co. Ltd. (H Shares)	980,000		953,820
Maanshan Iron & Steel Co. Ltd. (H Shares)	35,246,000		19,647,915
Minth Group Ltd.	4,156,000		6,238,682
Ping An Insurance Group Co. China Ltd. (H Shares)	2,655,000		21,995,397
Tencent Holdings Ltd.	914,900		17,632,511
Weichai Power Co. Ltd. (H Shares)	1,129,000		9,331,419
ZTE Corp. (H Shares) (d)	1,903,090		6,088,418
TOTAL CHINA			227,341,548
Common Stocks - continued
	Shares		Value
Egypt - 0.7%
Commercial International Bank Ltd.	2,187,700		$ 14,935,149
Orascom Telecom Holding SAE	50		45
TOTAL EGYPT			14,935,194
Hong Kong - 5.2%
Cathay Pacific Airways Ltd.	3,860,000		8,597,103
China Agri-Industries Holding Ltd.	9,619,000		10,885,228
China Mobile (Hong Kong) Ltd. sponsored ADR	682,200		34,751,268
CNOOC Ltd. sponsored ADR (d)	200,600		33,785,052
Cosco Pacific Ltd.	6,538,000		8,922,150
Lenovo Group Ltd.	12,570,000		8,075,224
Shanghai Industrial Holdings Ltd.	1,781,000		8,116,820
Sino-Ocean Land Holdings Ltd.	4,733,500		3,613,731
TOTAL HONG KONG			116,746,576
Hungary - 0.7%
MOL Hungarian Oil and Gas PLC Series A (For. Reg.) (a)	100,100		9,012,307
OTP Bank Ltd. (a)	322,600		7,749,683
TOTAL HUNGARY			16,761,990
India - 7.8%
Bank of Baroda	888,798		14,995,066
Bank of India	783,833		6,938,490
Dabur India Ltd.	2,241,538		9,551,363
Housing Development and Infrastructure Ltd. (a)	717,151		4,116,448
Idea Cellular Ltd. (a)	5,363,846		8,164,009
Indiabulls Real Estate Ltd. (a)	1,768,413		6,242,915
Infosys Technologies Ltd. sponsored ADR	419,900		25,395,552
Jain Irrigation Systems Ltd.	340,184		9,061,062
Jindal Steel & Power Ltd.	113,045		1,516,974
Larsen & Toubro Ltd.	353,697		13,681,978
Pantaloon Retail India Ltd.	577,207		5,908,056
Power Finance Corp. Ltd.	518,467		3,558,907
Reliance Industries Ltd.	951,391		20,708,676
State Bank of India	109,303		5,897,908
Tata Consultancy Services Ltd.	698,218		12,641,231
Tata Power Co. Ltd.	281,092		8,004,926
Union Bank of India	732,224		5,076,274
Unitech Ltd.	7,825,939		13,691,387
TOTAL INDIA			175,151,222
Indonesia - 3.6%
PT Bakrieland Development Tbk	337,987,500		5,028,234
Common Stocks - continued
	Shares		Value
Indonesia - continued
PT Bank Central Asia Tbk	15,502,000		$ 10,317,343
PT Bank Rakyat Indonesia Tbk	12,948,500		14,338,966
PT Bank Tabungan Negara Tbk	7,078,500		1,543,971
PT Gudang Garam Tbk	2,333,500		9,135,641
PT Indocement Tunggal Prakarsa Tbk	6,425,000		12,145,713
PT Indofood Sukses Makmur Tbk	26,240,500		13,575,224
PT Indosat Tbk	12,467,000		6,763,428
PT Perusahaan Gas Negara Tbk Series B	20,493,000		9,283,756
TOTAL INDONESIA			82,132,276
Ireland - 0.3%
Dragon Oil PLC (a)	1,044,000		6,995,833
Kazakhstan - 0.3%
JSC Halyk Bank of Kazakhstan unit (a)	803,424		6,547,906
Korea (South) - 13.1%
Doosan Heavy Industries & Construction Co. Ltd.	136,130		8,873,913
Hana Financial Group, Inc.	590,460		17,597,725
Hynix Semiconductor, Inc. (a)	655,810		12,475,774
Hyundai Mipo Dockyard Co. Ltd.	62,602		8,574,527
Hyundai Mobis	94,194		16,286,340
KB Financial Group, Inc.	638,470		27,707,330
Kia Motors Corp.	436,170		11,395,180
Korea Electric Power Corp. (a)	425,050		11,915,678
Korea Exchange Bank	257,310		2,643,260
LG Display Co. Ltd.	360,450		11,021,226
LG Innotek Co. Ltd.	62,939		8,514,257
NCsoft Corp.	38,750		6,159,373
Orion Corp.	35,216		10,599,783
POSCO	40,638		16,905,210
Samsung C&T Corp.	259,236		12,997,414
Samsung Electronics Co. Ltd.	94,265		64,556,855
Samsung Engineering Co. Ltd.	98,873		10,324,086
Shinhan Financial Group Co. Ltd. sponsored ADR (d)	361,900		29,939,987
Tong Yang Life Insurance Co. Ltd.	701,670		7,415,661
TOTAL KOREA (SOUTH)			295,903,579
Luxembourg - 0.4%
Millicom International Cellular SA	82,600		7,699,972
Ternium SA sponsored ADR	51,816		1,852,422
TOTAL LUXEMBOURG			9,552,394
Common Stocks - continued
	Shares		Value
Malaysia - 0.6%
Axiata Group Bhd (a)	10,455,600		$ 13,990,061
Mexico - 3.9%
America Movil SAB de CV Series L sponsored ADR	885,200		43,914,772
Corporacion Geo SA de CV Series B (a)	2,335,400		6,647,322
Empresas ICA Sociedad Controladora SA de CV sponsored ADR (a)(d)	747,900		7,523,874
Gruma SA de CV Series B (a)	3,880,800		5,800,475
Grupo Modelo SAB de CV Series C	2,106,700		11,435,202
Grupo Televisa SA de CV (CPO) sponsored ADR	663,900		12,614,100
TOTAL MEXICO			87,935,745
Nigeria - 0.5%
Guaranty Trust Bank PLC GDR (Reg. S)	1,850,723		12,140,743
Peru - 0.0%
Compania de Minas Buenaventura SA sponsored ADR	7,700		297,297
Philippines - 0.4%
Philippine Long Distance Telephone Co. sponsored ADR	153,000		8,216,100
Poland - 0.6%
ENEA SA	1,208,977		7,254,177
Eurocash SA	820,409		6,113,291
TOTAL POLAND			13,367,468
Russia - 6.5%
LSR Group OJSC:
GDR (Reg. S) (a)	444,500		4,044,950
unit (a)(e)	187,400		1,705,340
Lukoil Oil Co. sponsored:
ADR	390,300		22,286,130
ADR	41,600		2,371,200
Magnit OJSC GDR (Reg. S)	674,700		14,269,905
Magnitogorsk Iron & Steel Works OJSC unit (a)	100,950		1,077,137
Mechel Steel Group OAO sponsored ADR	336,300		7,324,614
Novorossiysk Commercial Sea Port JSC GDR (Reg. S)	596,100		7,063,785
OAO Gazprom sponsored ADR	1,072,900		23,174,640
OAO NOVATEK GDR	206,900		15,517,500
OAO Tatneft sponsored ADR	32,600		1,007,666
OGK-2 JSC GDR (Reg. S) (a)	1,162,100		5,956,610
OJSC MMC Norilsk Nickel ADR (a)	376,512		6,189,857
Sberbank (Savings Bank of the Russian Federation) GDR	120,900		35,611,953
TOTAL RUSSIA			147,601,287
Common Stocks - continued
	Shares		Value
South Africa - 7.3%
African Bank Investments Ltd.	1,968,300		$ 9,039,668
African Rainbow Minerals Ltd.	362,900		8,509,939
AngloGold Ashanti Ltd.	397,800		16,138,120
Aspen Pharmacare Holdings Ltd. (a)	835,900		9,339,601
Aveng Ltd.	1,709,500		8,441,686
Blue Label Telecoms Ltd. (a)	11,181,000		6,882,455
Clicks Group Ltd.	1,794,829		8,895,037
FirstRand Ltd.	2,293,400		6,366,800
Gold Fields Ltd. sponsored ADR	971,900		13,149,807
Impala Platinum Holdings Ltd.	276,640		7,489,908
Mr. Price Group Ltd.	1,080,500		7,479,051
MTN Group Ltd.	438,000		7,022,483
Mvelaphanda Resources Ltd. (a)	807,393		4,839,288
Shoprite Holdings Ltd.	1,324,200		16,592,666
Standard Bank Group Ltd.	1,630,531		25,371,217
Truworths International Ltd.	1,225,300		9,794,942
TOTAL SOUTH AFRICA			165,352,668
Sweden - 0.2%
Lundin Petroleum AB (a)	715,600		3,989,435
Taiwan - 5.7%
Acer, Inc.	3,779,755		10,138,428
Chroma ATE, Inc.	2,577,089		5,180,362
Delta Electronics, Inc.	3,121,000		10,781,415
Epistar Corp.	2,224,000		6,125,343
Hon Hai Precision Industry Co. Ltd. (Foxconn)	3,337,200		13,458,345
Synnex Technology International Corp.	3,552,000		8,106,167
Taiwan Fertilizer Co. Ltd.	3,779,000		10,467,195
Taiwan Mobile Co. Ltd.	4,506,000		8,902,828
Taiwan Semiconductor Manufacturing Co. Ltd.	3,618,284		6,997,248
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	3,282,051		33,148,715
Wintek Corp. (a)	8,622,000		7,735,878
Yuanta Financial Holding Co. Ltd.	15,609,000		8,734,696
TOTAL TAIWAN			129,776,620
Thailand - 0.9%
Advanced Info Service PCL (For. Reg.)	3,685,300		10,654,779
Banpu PCL unit	495,000		9,551,020
TOTAL THAILAND			20,205,799
Turkey - 1.5%
Asya Katilim Bankasi AS	3,790,000		9,454,256
Common Stocks - continued
	Shares		Value
Turkey - continued
Turkiye Garanti Bankasi AS	3,571,000		$ 18,479,268
Turkiye Is Bankasi AS Series C	1,893,000		7,095,767
TOTAL TURKEY			35,029,291
United Kingdom - 2.5%
Afren PLC (a)	1,925,172		2,761,278
Cairn Energy PLC (a)	423,001		3,096,914
Faroe Petroleum PLC (a)	438,439		1,150,091
Ferrexpo PLC	1,975,600		8,576,734
Hikma Pharmaceuticals PLC	714,824		8,027,291
International Personal Finance PLC	334,069		1,271,636
Kazakhmys PLC	1,005,000		19,167,103
Premier Oil PLC (a)	373,348		8,537,450
Tullow Oil PLC	155,800		3,008,031
TOTAL UNITED KINGDOM			55,596,528
United States of America - 1.4%
Anadarko Petroleum Corp.	3,300		162,228
Central European Distribution Corp. (a)	264,300		6,890,301
Freeport-McMoRan Copper & Gold, Inc.	249,600		17,856,384
Gran Tierra Energy, Inc. (a)	1,037,100		5,821,360
TOTAL UNITED STATES OF AMERICA			30,730,273
TOTAL COMMON STOCKS (Cost $1,941,812,963)		2,220,314,356
Money Market Funds - 4.2%

Fidelity Cash Central Fund, 0.24% (b)	23,370,404		23,370,404
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	71,953,550		71,953,550
TOTAL MONEY MARKET FUNDS (Cost $95,323,954)		95,323,954
Cash Equivalents - 0.2%
	Maturity Amount		Value
Investments in repurchase agreements in a joint trading account at 0.21%, dated 7/30/10 due 8/2/10 (Collateralized by U.S. Government Obligations) # (Cost $3,174,000)	$ 3,174,056		$ 3,174,000
TOTAL INVESTMENT PORTFOLIO - 102.8% (Cost $2,040,310,917)			2,318,812,310
NET OTHER ASSETS (LIABILITIES) - (2.8)%			(63,316,516)
NET ASSETS - 100%		$ 2,255,495,794

Legend

(a) Non-income producing

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

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

Repurchase Agreement / Counterparty	Value
$3,174,000 due 8/02/10 at 0.21%
BNP Paribas Securities Corp.	$ 1,268,189
Banc of America Securities LLC	479,810
Barclays Capital, Inc.	1,426,001
	$ 3,174,000

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	$ 43,202
Fidelity Securities Lending Cash Central Fund	160,388
Total	$ 203,590

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Brazil	$ 367,044,959	$ 367,044,959	$ -	$ -
Korea (South)	295,903,579	228,354,135	67,549,444	-
China	227,341,548	197,973,460	7,372,691	21,995,397
India	175,151,222	149,171,826	25,979,396	-
South Africa	165,352,668	149,214,548	16,138,120	-
Russia	147,601,287	147,601,287	-	-
Taiwan	129,776,620	122,779,372	6,997,248	-
Hong Kong	116,746,576	116,746,576	-	-
Mexico	87,935,745	87,935,745	-	-
Other	507,460,152	507,460,152	-	-
Money Market Funds	95,323,954	95,323,954	-	-
Cash Equivalents	3,174,000	-	3,174,000	-
Total Investments in Securities:	$ 2,318,812,310	$ 2,169,606,014	$ 127,210,899	$ 21,995,397

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)	(543,587)
Cost of Purchases	13,064,985
Proceeds of Sales	-
Amortization/Accretion	-
Transfers in to Level 3	9,473,999
Transfers out of Level 3	-
Ending Balance	$ 21,995,397
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ (543,587)

Income Tax Information

At July 31, 2010, the cost of investment securities for income tax purposes was $2,045,908,969. Net unrealized appreciation aggregated $272,903,341, of which $321,784,476 related to appreciated investment securities and $48,881,135 related to depreciated investment securities.

Investment Valuation

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Series International
Growth Fund

July 31, 2010

1.907949.100

GSV-S-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.6%
	Shares		Value
Australia - 3.8%
CSL Ltd.	697,781		$ 20,924,170
Leighton Holdings Ltd.	919,227		24,528,678
MAp Group unit	1,509,398		4,042,705
OZ Minerals Ltd. (a)	14,765,540		16,433,537
Woolworths Ltd.	1,587,770		37,052,330
Worleyparsons Ltd.	403,840		8,455,694
TOTAL AUSTRALIA			111,437,114
Austria - 0.5%
Andritz AG	231,300		14,507,996
Bailiwick of Guernsey - 0.2%
Resolution Ltd. (d)	327,189		1,222,868
Resolution Ltd. rights 8/5/10 (a)	3,357,184		4,580,904
TOTAL BAILIWICK OF GUERNSEY			5,803,772
Bailiwick of Jersey - 1.0%
Informa PLC	2,307,721		14,202,642
Randgold Resources Ltd. sponsored ADR	174,065		15,644,962
TOTAL BAILIWICK OF JERSEY			29,847,604
Belgium - 3.4%
Anheuser-Busch InBev SA NV	1,562,791		82,767,954
Umicore SA	459,564		15,501,414
TOTAL BELGIUM			98,269,368
Bermuda - 1.1%
Lazard Ltd. Class A	324,000		9,613,080
Seadrill Ltd. (d)	694,000		16,111,633
Trinity Ltd.	9,970,000		6,404,931
TOTAL BERMUDA			32,129,644
Brazil - 4.1%
Banco ABC Brasil SA	2,152,000		17,022,644
BM&F BOVESPA SA	3,249,800		24,024,680
BR Malls Participacoes SA	903,300		13,581,605
Braskem SA Class A sponsored ADR (d)	1,285,900		19,648,552
Fibria Celulose SA sponsored ADR (a)(d)	616,900		9,685,330
Iguatemi Empresa de Shopping Centers SA	292,600		5,817,058
Itau Unibanco Banco Multiplo SA ADR	653,300		14,627,387
Multiplan Empreendimentos Imobiliarios SA	344,900		6,531,231
Vale SA sponsored ADR (a)	240,400		6,683,120
TOTAL BRAZIL			117,621,607
Common Stocks - continued
	Shares		Value
Canada - 3.0%
Agnico-Eagle Mines Ltd. (Canada)	231,300		$ 12,922,379
Fairfax Financial Holdings Ltd. (sub. vtg.)	30,800		12,269,663
Goldcorp, Inc.	164,000		6,429,496
Niko Resources Ltd.	253,400		27,333,034
Open Text Corp. (a)	275,400		10,901,334
Pan American Silver Corp.	296,400		6,805,346
Petrobank Energy & Resources Ltd. (a)	264,400		10,892,884
TOTAL CANADA			87,554,136
Cayman Islands - 0.5%
China Lilang Ltd.	5,853,000		6,472,774
Wynn Macau Ltd.	5,225,800		8,894,120
TOTAL CAYMAN ISLANDS			15,366,894
Chile - 0.4%
Banco Santander Chile sponsored ADR	143,300		11,895,333
China - 0.6%
Baidu.com, Inc. sponsored ADR (a)	207,120		16,861,639
China Nepstar Chain Drugstore Ltd. ADR	119,113		359,721
TOTAL CHINA			17,221,360
Denmark - 2.4%
Novo Nordisk AS Series B sponsored ADR	616,900		53,071,907
William Demant Holding AS (a)	235,300		17,245,181
TOTAL DENMARK			70,317,088
Finland - 1.7%
Metso Corp.	363,500		14,336,211
Nokian Tyres PLC (d)	649,000		18,211,670
Outotec OYJ	442,900		15,683,983
TOTAL FINLAND			48,231,864
France - 2.4%
Danone	666,705		37,399,606
Remy Cointreau SA (d)	226,491		12,380,564
Safran SA	771,186		20,816,144
TOTAL FRANCE			70,596,314
Germany - 3.9%
Colonia Real Estate AG (a)	493,240		2,757,888
E.ON AG	183,135		5,464,785
Linde AG	321,570		37,699,687
Common Stocks - continued
	Shares		Value
Germany - continued
MAN SE	156,984		$ 14,574,021
Siemens AG sponsored ADR	528,800		51,499,832
TOTAL GERMANY			111,996,213
Hong Kong - 1.3%
Hong Kong Exchanges and Clearing Ltd.	2,236,300		36,765,434
Ireland - 1.1%
CRH PLC sponsored ADR (d)	947,400		19,923,822
James Hardie Industries NV unit (a)	2,264,629		13,339,964
TOTAL IRELAND			33,263,786
Italy - 1.7%
Azimut Holdings SpA	1,554,966		15,585,053
Fiat SpA	1,740,600		22,300,446
Saipem SpA	345,365		12,423,629
TOTAL ITALY			50,309,128
Japan - 9.2%
Autobacs Seven Co. Ltd.	418,600		15,571,871
Denso Corp.	793,200		22,733,658
East Japan Railway Co.	374,600		24,142,574
Fanuc Ltd.	286,400		33,834,469
Fast Retailing Co. Ltd.	110,200		16,486,965
Japan Steel Works Ltd.	1,542,000		14,880,278
Keyence Corp.	101,400		23,348,105
Kobayashi Pharmaceutical Co. Ltd.	385,600		16,262,794
MS&AD Insurance Group Holdings, Inc.	459,900		10,222,365
Nippon Thompson Co. Ltd.	1,763,000		11,647,937
Osaka Securities Exchange Co. Ltd.	2,644		13,154,990
Shiseido Co. Ltd.	881,300		19,721,541
SHO-BOND Holdings Co. Ltd.	292,600		6,243,036
USS Co. Ltd.	307,360		23,116,459
Yamato Kogyo Co. Ltd.	605,900		14,778,562
TOTAL JAPAN			266,145,604
Korea (South) - 0.8%
NHN Corp. (a)	155,552		24,199,164
Luxembourg - 0.2%
ArcelorMittal SA Class A unit	177,700		5,455,390
Common Stocks - continued
	Shares		Value
Mexico - 1.2%
Cemex SA de CV sponsored ADR	557,232		$ 5,260,270
Wal-Mart de Mexico SA de CV Series V	13,175,600		30,601,233
TOTAL MEXICO			35,861,503
Netherlands - 2.5%
ASM International NV unit (a)	771,165		19,618,438
ASML Holding NV	705,100		22,697,169
Koninklijke KPN NV	1,050,527		14,623,103
QIAGEN NV (a)	815,200		15,260,544
TOTAL NETHERLANDS			72,199,254
Norway - 0.0%
Pronova BioPharma ASA (a)	35,000		85,865
Papua New Guinea - 0.7%
Lihir Gold Ltd. sponsored ADR	550,800		20,401,632
Peru - 0.2%
Compania de Minas Buenaventura SA sponsored ADR	166,600		6,432,426
Portugal - 0.4%
Jeronimo Martins SGPS SA	1,077,700		11,777,741
Singapore - 1.5%
City Developments Ltd.	1,150,000		10,232,370
Singapore Exchange Ltd.	4,627,000		26,062,813
Wing Tai Holdings Ltd.	4,599,000		6,087,359
TOTAL SINGAPORE			42,382,542
South Africa - 2.3%
African Rainbow Minerals Ltd.	874,600		20,509,210
Clicks Group Ltd.	3,042,738		15,079,580
JSE Ltd.	1,620,000		15,768,477
Mr. Price Group Ltd.	2,346,500		16,242,105
TOTAL SOUTH AFRICA			67,599,372
Spain - 1.3%
Inditex SA	363,432		24,039,214
Prosegur Compania de Seguridad SA (Reg.)	261,300		12,849,531
TOTAL SPAIN			36,888,745
Sweden - 1.5%
H&M Hennes & Mauritz AB (B Shares)	1,126,320		35,484,230
Swedish Match Co.	368,800		8,711,610
TOTAL SWEDEN			44,195,840
Common Stocks - continued
	Shares		Value
Switzerland - 12.6%
Actelion Ltd. (a)	240,637		$ 9,733,605
Credit Suisse Group sponsored ADR	361,400		16,396,718
Nestle SA	2,672,365		132,136,526
Novartis AG sponsored ADR (d)	1,005,100		48,988,574
Roche Holding AG (participation certificate)	543,000		70,641,352
Sonova Holding AG Class B	336,026		40,779,306
The Swatch Group AG:
(Bearer)	83,720		25,930,653
(Reg.)	25,117		1,411,934
UBS AG (a)(d)	430,910		7,315,830
UBS AG (NY Shares) (a)	804,200		13,647,274
TOTAL SWITZERLAND			366,981,772
Turkey - 2.3%
Anadolu Efes Biracilik ve Malt Sanayiive Malt Sanayii SA	956,000		12,050,687
Asya Katilim Bankasi AS	5,288,000		13,191,057
Coca-Cola Icecek AS	1,345,416		14,013,820
Turkiye Garanti Bankasi AS	5,343,000		27,649,041
TOTAL TURKEY			66,904,605
United Kingdom - 20.0%
Anglo American PLC (United Kingdom)	536,800		21,254,198
Babcock International Group PLC	1,872,800		16,272,639
BAE Systems PLC	3,338,000		16,355,137
Bellway PLC	673,000		6,116,815
BG Group PLC	3,792,295		60,757,139
BHP Billiton PLC ADR	1,828,700		112,538,198
Cobham PLC	2,602,400		9,693,810
GlaxoSmithKline PLC sponsored ADR	771,100		27,119,587
Imperial Tobacco Group PLC	416,641		11,788,414
InterContinental Hotel Group PLC ADR	1,277,900		22,235,460
Johnson Matthey PLC	641,600		17,016,287
Mothercare PLC	721,100		5,903,680
Reckitt Benckiser Group PLC	660,000		32,348,250
Rio Tinto PLC	466,500		24,132,512
Rio Tinto PLC sponsored ADR	892,300		46,328,216
Serco Group PLC	3,206,111		27,832,551
Shaftesbury PLC	2,019,600		12,670,163
Standard Chartered PLC (United Kingdom)	1,909,257		55,158,297
Tesco PLC	6,769,929		41,479,048
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Unite Group PLC (a)	1,964,900		$ 5,846,078
Victrex PLC	376,207		7,198,525
TOTAL UNITED KINGDOM			580,045,004
United States of America - 9.8%
Allergan, Inc.	195,600		11,943,336
Autoliv, Inc. (d)	473,700		27,209,328
Berkshire Hathaway, Inc. Class B (a)	220,300		17,209,836
Cymer, Inc. (a)	198,600		6,609,408
ION Geophysical Corp. (a)	1,546,800		6,790,452
JPMorgan Chase & Co.	273,619		11,021,373
Juniper Networks, Inc. (a)	1,850,800		51,415,224
Martin Marietta Materials, Inc.	66,100		5,644,940
Mead Johnson Nutrition Co. Class A	418,600		22,244,404
Mohawk Industries, Inc. (a)	308,500		15,094,905
Philip Morris International, Inc.	313,500		16,001,040
ResMed, Inc. (a)	231,300		15,194,097
Union Pacific Corp.	286,400		21,385,488
Visa, Inc. Class A	771,200		56,567,520
TOTAL UNITED STATES OF AMERICA			284,331,351
TOTAL COMMON STOCKS (Cost $2,831,699,795)		2,895,022,465
Money Market Funds - 1.6%

Fidelity Cash Central Fund, 0.24% (b)	1,282,952		1,282,952
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	44,995,305		44,995,305
TOTAL MONEY MARKET FUNDS (Cost $46,278,257)		46,278,257
TOTAL INVESTMENT PORTFOLIO - 101.2% (Cost $2,877,978,052)			2,941,300,722
NET OTHER ASSETS (LIABILITIES) - (1.2)%			(36,092,563)
NET ASSETS - 100%		$ 2,905,208,159

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	$ 58,847
Fidelity Securities Lending Cash Central Fund	434,020
Total	$ 492,867

Other Information

The following is a summary of the inputs used, as of July 31, 2010, involving the Fund's assets and liabilities carried at fair 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:
United Kingdom	$ 580,045,004	$ 555,912,492	$ 24,132,512	$ -
Switzerland	366,981,772	359,665,942	7,315,830	-
United States of America	284,331,351	284,331,351	-	-
Japan	266,145,604	266,145,604	-	-
Brazil	117,621,607	117,621,607	-	-
Germany	111,996,213	111,996,213	-	-
Australia	111,437,114	111,437,114	-	-
Belgium	98,269,368	98,269,368	-	-
Canada	87,554,136	87,554,136	-	-
Other	870,640,296	870,640,296	-	-
Money Market Funds	46,278,257	46,278,257	-	-
Total Investments in Securities:	$ 2,941,300,722	$ 2,909,852,380	$ 31,448,342	$ -

Income Tax Information

At July 31, 2010, the cost of investment securities for income tax purposes was $2,879,592,897. Net unrealized appreciation aggregated $61,707,825, of which $156,093,008 related to appreciated investment securities and $94,385,183 related to depreciated investment securities.

Investment Valuation

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Series International
Small Cap Fund -
Series International Small Cap
Class F

July 31, 2010

1.907962.100

SCF-S-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.7%
	Shares		Value
Australia - 0.6%
MAp Group unit	698,873		$ 1,871,831
OZ Minerals Ltd. (a)	1,252,146		1,393,595
TOTAL AUSTRALIA			3,265,426
Austria - 0.8%
Andritz AG	66,800		4,189,944
Bailiwick of Guernsey - 0.3%
Resolution Ltd. (d)	88,435		330,526
Resolution Ltd. rights 8/5/10 (a)	1,062,386		1,449,634
TOTAL BAILIWICK OF GUERNSEY			1,780,160
Bailiwick of Jersey - 2.0%
Informa PLC	1,275,935		7,852,616
Randgold Resources Ltd. sponsored ADR	32,100		2,885,148
TOTAL BAILIWICK OF JERSEY			10,737,764
Belgium - 1.3%
Gimv NV	54,600		2,689,958
Umicore SA	127,990		4,317,192
TOTAL BELGIUM			7,007,150
Bermuda - 2.1%
Aquarius Platinum Ltd. (Australia)	457,840		1,963,671
Great Eagle Holdings Ltd.	1,245,000		3,237,721
Lazard Ltd. Class A	78,400		2,326,128
Seadrill Ltd.	55,802		1,295,477
Trinity Ltd.	3,884,000		2,495,161
TOTAL BERMUDA			11,318,158
Brazil - 4.1%
Banco ABC Brasil SA	727,000		5,750,680
BR Malls Participacoes SA	149,600		2,249,317
Braskem SA Class A sponsored ADR (d)	442,100		6,755,288
Fibria Celulose SA sponsored ADR (a)(d)	132,700		2,083,390
Iguatemi Empresa de Shopping Centers SA	67,000		1,331,999
MRV Engenharia e Participacoes SA	157,400		1,418,703
Multiplan Empreendimentos Imobiliarios SA	67,900		1,285,795
Odontoprev SA	142,400		1,340,188
TOTAL BRAZIL			22,215,360
Canada - 5.3%
Agnico-Eagle Mines Ltd. (Canada)	36,600		2,044,786
Eldorado Gold Corp.	152,100		2,471,005
Common Stocks - continued
	Shares		Value
Canada - continued
Fairfax Financial Holdings Ltd. (sub. vtg.)	10,600		$ 4,222,676
Niko Resources Ltd.	69,100		7,453,483
Open Text Corp. (a)	58,800		2,327,518
Pan American Silver Corp.	56,100		1,288,056
Petrobank Energy & Resources Ltd. (a)	185,000		7,621,723
Quadra FNX Mining Ltd. (a)	118,800		1,438,844
TOTAL CANADA			28,868,091
Cayman Islands - 0.9%
China Lilang Ltd. (d)	2,120,000		2,344,487
Vantage Drilling Co. (a)	982,469		1,306,684
Wynn Macau Ltd.	753,200		1,281,919
TOTAL CAYMAN ISLANDS			4,933,090
China - 0.2%
China Hongxing Sports Ltd.	6,394,000		728,782
China Nepstar Chain Drugstore Ltd. ADR (d)	54,300		163,986
TOTAL CHINA			892,768
Denmark - 0.5%
William Demant Holding AS (a)	39,600		2,902,291
Finland - 2.5%
Metso Corp.	82,400		3,249,804
Nokian Tyres PLC	154,900		4,346,668
Outotec OYJ	165,600		5,864,230
TOTAL FINLAND			13,460,702
France - 3.0%
Audika SA	90,341		2,373,758
Laurent-Perrier Group	32,126		2,856,050
Remy Cointreau SA (d)	63,800		3,487,467
Saft Groupe SA	157,749		5,408,365
Virbac SA	18,800		2,266,526
TOTAL FRANCE			16,392,166
Germany - 2.7%
Bilfinger Berger AG	64,218		3,666,414
Colonia Real Estate AG (a)	220,083		1,230,566
CTS Eventim AG	60,421		3,085,414
Fielmann AG	36,744		2,903,588
Software AG (Bearer)	34,400		3,836,103
TOTAL GERMANY			14,722,085
Common Stocks - continued
	Shares		Value
Greece - 0.6%
Terna Energy SA	694,900		$ 3,423,538
India - 0.6%
Jyothy Laboratories Ltd.	495,096		3,027,573
Ireland - 0.9%
James Hardie Industries NV unit (a)	785,586		4,627,552
Israel - 0.4%
Partner Communications Co. Ltd. ADR	124,200		2,055,510
Italy - 2.4%
Azimut Holdings SpA	878,164		8,801,628
Interpump Group SpA (a)	742,717		4,017,284
TOTAL ITALY			12,818,912
Japan - 22.2%
Aozora Bank Ltd.	1,796,000		2,389,818
Asahi Co. Ltd. (d)	87,300		1,298,010
Autobacs Seven Co. Ltd.	145,700		5,420,023
Daikoku Denki Co. Ltd.	211,500		2,892,601
Daikokutenbussan Co. Ltd.	134,600		4,142,736
FCC Co. Ltd.	163,500		3,166,896
Fukuoka (REIT) Investment Fund	558		3,525,230
GCA Savvian Group Corp. (a)	1,843		1,876,587
Glory Ltd.	83,000		1,931,305
Goldcrest Co. Ltd.	62,650		1,280,184
Gunma Bank Ltd.	555,000		2,979,693
Japan Steel Works Ltd.	302,000		2,914,296
Kamigumi Co. Ltd.	355,000		2,784,958
Kobayashi Pharmaceutical Co. Ltd.	183,300		7,730,732
Kyoto Kimono Yuzen Co. Ltd.	131,000		1,303,558
Meiko Network Japan Co. Ltd.	19,400		137,826
Miraial Co. Ltd.	32,400		873,497
MS&AD Insurance Group Holdings, Inc.	61,830		1,374,318
Nabtesco Corp.	268,000		4,242,106
Nachi-Fujikoshi Corp.	1,263,000		3,755,754
Nagaileben Co. Ltd.	52,800		1,289,682
Nihon Parkerizing Co. Ltd.	233,000		2,997,929
Nippon Seiki Co. Ltd.	217,000		2,385,305
Nippon Thompson Co. Ltd.	1,096,000		7,241,146
Nitto Kohki Co. Ltd.	61,900		1,375,158
Obic Co. Ltd.	15,580		2,940,235
Osaka Securities Exchange Co. Ltd.	1,787		8,891,062
OSG Corp.	243,200		2,687,371
Common Stocks - continued
	Shares		Value
Japan - continued
SHO-BOND Holdings Co. Ltd.	148,900		$ 3,176,993
Shoei Co. Ltd.	85,000		839,919
The Daishi Bank Ltd., Niigata	523,000		1,809,395
The Nippon Synthetic Chemical Industry Co. Ltd.	210,000		1,280,532
THK Co. Ltd.	138,100		2,727,645
Toho Holdings Co. Ltd.	188,400		2,816,463
Toridoll Corp.	670		1,226,428
Tsumura & Co.	93,800		2,820,783
Tsutsumi Jewelry Co. Ltd.	48,000		1,116,344
USS Co. Ltd.	117,550		8,840,902
Yamatake Corp.	116,500		2,976,361
Yamato Kogyo Co. Ltd.	229,800		5,605,073
TOTAL JAPAN			121,064,854
Korea (South) - 0.7%
NCsoft Corp.	7,448		1,183,871
NHN Corp. (a)	18,260		2,840,701
TOTAL KOREA (SOUTH)			4,024,572
Luxembourg - 0.2%
GlobeOp Financial Services SA	303,300		1,355,733
Netherlands - 2.9%
Aalberts Industries NV	261,800		3,901,817
ASM International NV unit (a)(d)	244,000		6,207,360
Heijmans NV unit (a)	49,600		786,097
QIAGEN NV (a)	258,200		4,833,504
TOTAL NETHERLANDS			15,728,778
Norway - 0.3%
Sevan Marine ASA (a)(d)	1,404,700		1,428,175
Papua New Guinea - 0.2%
Oil Search Ltd.	250,842		1,325,530
Philippines - 0.5%
Jollibee Food Corp.	1,636,300		2,785,574
Portugal - 0.4%
Jeronimo Martins SGPS SA	222,600		2,432,704
Singapore - 2.9%
Allgreen Properties Ltd.	3,670,000		3,157,512
Keppel Land Ltd.	472,000		1,402,221
Common Stocks - continued
	Shares		Value
Singapore - continued
Singapore Exchange Ltd.	1,402,000		$ 7,897,140
Wing Tai Holdings Ltd.	2,425,000		3,209,795
TOTAL SINGAPORE			15,666,668
South Africa - 3.0%
African Rainbow Minerals Ltd.	215,027		5,042,344
Clicks Group Ltd.	850,474		4,214,885
JSE Ltd.	304,800		2,966,810
Mr. Price Group Ltd.	553,700		3,832,625
TOTAL SOUTH AFRICA			16,056,664
Spain - 1.5%
Grifols SA (d)	119,700		1,334,362
Prosegur Compania de Seguridad SA (Reg.)	142,600		7,012,411
TOTAL SPAIN			8,346,773
Sweden - 1.0%
Intrum Justitia AB	232,800		2,676,974
Swedish Match Co.	117,600		2,777,889
TOTAL SWEDEN			5,454,863
Switzerland - 2.4%
Actelion Ltd. (a)	29,929		1,210,608
Bank Sarasin & Co. Ltd. Series B (Reg.)	192,152		7,121,182
Sonova Holding AG Class B	39,648		4,811,586
TOTAL SWITZERLAND			13,143,376
Turkey - 2.4%
Albaraka Turk Katilim Bankasi AS	1,560,000		2,690,904
Anadolu Efes Biracilik ve Malt Sanayiive Malt Sanayii SA	172,000		2,168,115
Asya Katilim Bankasi AS	1,705,000		4,253,168
Coca-Cola Icecek AS	291,000		3,031,049
Tupras-Turkiye Petrol Rafinerileri AS	51,000		1,158,860
TOTAL TURKEY			13,302,096
United Kingdom - 16.6%
AMEC PLC	180,035		2,465,063
Babcock International Group PLC	535,300		4,651,187
Bellway PLC	324,700		2,951,159
Britvic PLC	558,100		4,201,555
Cobham PLC	679,900		2,532,594
Dechra Pharmaceuticals PLC	236,203		1,537,412
Derwent London PLC	110,800		2,330,373
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Great Portland Estates PLC	752,400		$ 3,555,533
H&T Group PLC	316,624		1,117,334
InterContinental Hotel Group PLC ADR	276,900		4,818,060
Johnson Matthey PLC	167,700		4,447,680
Meggitt PLC	981,226		4,604,553
Micro Focus International PLC	316,100		2,049,023
Mothercare PLC	442,000		3,618,675
Persimmon PLC (a)	369,400		2,045,745
Rotork PLC	108,900		2,579,061
Serco Group PLC	841,205		7,302,580
Shaftesbury PLC	596,000		3,739,066
Spectris PLC	288,157		4,087,847
Spirax-Sarco Engineering PLC	266,900		6,534,439
SSL International PLC	151,574		2,807,576
Ted Baker PLC	342,000		2,861,656
Ultra Electronics Holdings PLC	131,400		3,326,256
Unite Group PLC (a)	1,774,200		5,278,697
Victrex PLC	253,900		4,858,244
TOTAL UNITED KINGDOM			90,301,368
United States of America - 9.3%
Advanced Energy Industries, Inc. (a)	184,000		3,240,240
Autoliv, Inc. (d)	108,300		6,220,752
Cymer, Inc. (a)	87,400		2,908,672
Dril-Quip, Inc. (a)	46,000		2,404,880
ION Geophysical Corp. (a)	566,400		2,486,496
Juniper Networks, Inc. (a)	158,000		4,389,240
Kansas City Southern (a)	116,300		4,268,210
Lam Research Corp. (a)	26,400		1,113,816
Martin Marietta Materials, Inc. (d)	33,300		2,843,820
Mohawk Industries, Inc. (a)	124,300		6,081,999
PriceSmart, Inc.	335,300		9,388,396
ResMed, Inc. (a)	59,200		3,888,848
Solutia, Inc. (a)	94,900		1,339,039
TOTAL UNITED STATES OF AMERICA			50,574,408
TOTAL COMMON STOCKS (Cost $514,061,321)		531,630,376
Money Market Funds - 4.1%
	Shares		Value
Fidelity Cash Central Fund, 0.24% (b)	8,322,517		$ 8,322,517
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	14,019,500		14,019,500
TOTAL MONEY MARKET FUNDS (Cost $22,342,017)		22,342,017
TOTAL INVESTMENT PORTFOLIO - 101.8% (Cost $536,403,338)			553,972,393
NET OTHER ASSETS (LIABILITIES) - (1.8)%			(9,790,423)
NET ASSETS - 100%		$ 544,181,970

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	$ 13,449
Fidelity Securities Lending Cash Central Fund	82,052
Total	$ 95,501

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, 2010, the cost of investment securities for income tax purposes was $536,552,063. Net unrealized appreciation aggregated $17,420,330, of which $36,829,053 related to appreciated investment securities and $19,408,723 related to depreciated investment securities.

Investment Valuation

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Series International Value Fund

July 31, 2010

1.907975.100

VSF-S-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.6%
	Shares		Value
Australia - 2.8%
Intoll Group unit	5,726,265		$ 7,616,674
Macquarie Group Ltd.	902,496		30,378,394
MAp Group unit	962,599		2,578,183
Wesfarmers Ltd.	540,360		15,201,292
Westfield Group unit	2,328,377		25,724,418
TOTAL AUSTRALIA			81,498,961
Bailiwick of Jersey - 1.5%
Informa PLC	2,511,448		15,456,460
United Business Media Ltd.	1,992,100		17,199,875
WPP PLC	946,236		10,057,336
TOTAL BAILIWICK OF JERSEY			42,713,671
Bermuda - 1.3%
Seadrill Ltd. (d)	1,337,200		31,043,912
VimpelCom Ltd. ADR (a)	523,300		8,535,023
TOTAL BERMUDA			39,578,935
Brazil - 2.1%
Banco Do Brasil SA	972,012		16,803,619
Banco Santander (Brasil) SA ADR (d)	1,110,400		14,790,528
Cyrela Brazil Realty SA	683,200		9,569,074
Itau Unibanco Banco Multiplo SA:
ADR	218,200		4,885,498
ADR (e)	170,100		3,808,539
Vivo Participacoes SA sponsored ADR	401,600		10,738,784
TOTAL BRAZIL			60,596,042
Canada - 2.6%
Open Text Corp. (a)	139,100		5,506,084
Petrobank Energy & Resources Ltd. (a)	378,700		15,601,873
Power Corp. of Canada (sub. vtg.)	356,400		9,257,143
Suncor Energy, Inc.	455,500		15,017,165
Toronto-Dominion Bank	439,000		31,243,971
TOTAL CANADA			76,626,236
Cayman Islands - 0.7%
China High Speed Transmission Equipment Group Co. Ltd.	3,112,000		7,115,432
Hengdeli Holdings Ltd.	32,560,000		14,922,897
TOTAL CAYMAN ISLANDS			22,038,329
China - 1.3%
China Merchants Bank Co. Ltd. (H Shares)	6,705,445		17,912,840
Common Stocks - continued
	Shares		Value
China - continued
Industrial & Commercial Bank of China Ltd. (H Shares)	17,982,000		$ 13,728,131
Nine Dragons Paper (Holdings) Ltd.	5,424,000		7,876,758
TOTAL CHINA			39,517,729
Denmark - 1.1%
Novo Nordisk AS Series B	116,552		9,974,336
Vestas Wind Systems AS (a)	453,791		22,066,451
TOTAL DENMARK			32,040,787
France - 12.2%
Atos Origin SA (a)	157,964		6,783,824
AXA SA sponsored ADR	3,455,500		63,753,975
BNP Paribas SA	556,175		38,208,988
Carrefour SA	60,957		2,806,511
Christian Dior SA	88,700		9,613,890
Compagnie de St. Gobain	419,977		17,880,070
Credit Agricole SA	1,145,100		15,685,818
PPR SA	131,700		17,619,995
Renault SA (a)	140,800		6,282,522
Sanofi-Aventis	111,267		6,469,218
Sanofi-Aventis sponsored ADR	958,500		27,930,690
Schneider Electric SA	120,054		13,847,806
Societe Generale Series A	784,092		45,205,795
Total SA	98,731		4,984,855
Total SA sponsored ADR	967,700		48,994,651
Unibail-Rodamco	165,126		32,583,849
TOTAL FRANCE			358,652,457
Germany - 6.5%
Allianz AG sponsored ADR	895,300		10,403,386
BASF AG	305,484		17,841,217
Bayerische Motoren Werke AG (BMW)	195,290		10,514,685
Daimler AG (United States) (a)	556,100		30,057,205
Deutsche Boerse AG	201,200		14,087,211
E.ON AG	2,045,228		61,030,009
HeidelbergCement AG	245,100		12,345,187
Metro AG	190,800		10,592,490
Munich Re Group	166,882		23,120,851
TOTAL GERMANY			189,992,241
Common Stocks - continued
	Shares		Value
Greece - 0.6%
Hellenic Telecommunications Organization SA	1,065,622		$ 8,691,109
Public Power Corp. of Greece	486,800		7,746,888
TOTAL GREECE			16,437,997
Hong Kong - 4.6%
China Resources Power Holdings Co. Ltd.	7,244,000		15,816,960
CNOOC Ltd.	9,274,000		15,630,226
Hang Lung Group Ltd.	1,299,000		7,625,929
Hutchison Whampoa Ltd.	2,177,000		14,377,869
Swire Pacific Ltd. (A Shares)	4,130,500		50,198,803
Techtronic Industries Co. Ltd.	11,267,000		9,297,904
Wharf Holdings Ltd.	4,098,000		22,422,272
TOTAL HONG KONG			135,369,963
India - 0.4%
Bank of Baroda	643,260		10,852,552
Indonesia - 0.9%
PT Bank Rakyat Indonesia Tbk	16,783,500		18,585,784
PT Semen Gresik Tbk	8,649,000		8,948,924
TOTAL INDONESIA			27,534,708
Ireland - 0.4%
CRH PLC sponsored ADR (d)	616,500		12,964,995
Israel - 0.3%
Teva Pharmaceutical Industries Ltd. sponsored ADR	157,300		7,684,105
Italy - 2.8%
Intesa Sanpaolo SpA	16,408,028		54,318,924
UniCredit SpA	9,466,500		26,527,050
TOTAL ITALY			80,845,974
Japan - 18.5%
Aisin Seiki Co. Ltd.	382,500		10,688,314
Credit Saison Co. Ltd.	525,000		6,669,945
Denso Corp.	826,800		23,696,657
East Japan Railway Co.	482,900		31,122,395
Honda Motor Co. Ltd.	509,800		16,123,689
Honda Motor Co. Ltd. sponsored ADR	66,900		2,125,413
Japan Retail Fund Investment Corp.	13,061		16,820,241
Japan Tobacco, Inc.	1,686		5,423,292
JSR Corp.	467,700		8,193,206
Konica Minolta Holdings, Inc.	1,043,000		10,982,123
Miraca Holdings, Inc.	591,100		17,591,081
Common Stocks - continued
	Shares		Value
Japan - continued
Mitsubishi UFJ Financial Group, Inc.	8,690,400		$ 43,037,162
Mitsubishi UFJ Financial Group, Inc. sponsored ADR	1,145,400		5,704,092
Mitsui & Co. Ltd.	4,452,400		57,081,390
Nippon Electric Glass Co. Ltd.	1,921,000		24,472,328
Nippon Telegraph & Telephone Corp.	187,800		7,808,237
Obic Co. Ltd.	70,970		13,393,355
ORIX Corp.	301,460		23,719,155
Promise Co. Ltd. (d)	1,097,150		8,734,038
Seven & i Holdings Co., Ltd.	342,500		8,199,392
SOFTBANK CORP.	347,700		10,399,821
Sumitomo Corp.	2,720,100		28,892,702
Sumitomo Metal Industries Ltd.	4,939,000		11,943,893
Sumitomo Mitsui Financial Group, Inc.	819,500		25,374,394
Tokio Marine Holdings, Inc.	475,600		13,020,186
Tokyo Electron Ltd.	99,100		5,320,498
Tokyo Gas Co., Ltd.	7,847,000		35,682,626
Toyota Motor Corp.	1,365,100		47,903,727
Toyota Motor Corp. sponsored ADR	12,600		884,898
USS Co. Ltd.	106,400		8,002,314
Xebio Co. Ltd.	224,300		4,448,368
Yamada Denki Co. Ltd.	160,990		10,878,584
TOTAL JAPAN			544,337,516
Korea (South) - 0.5%
Shinhan Financial Group Co. Ltd.	289,300		11,878,322
Shinhan Financial Group Co. Ltd. sponsored ADR	45,200		3,739,396
TOTAL KOREA (SOUTH)			15,617,718
Luxembourg - 1.0%
ArcelorMittal SA:
(Netherlands)	309,356		9,472,308
Class A unit (d)	642,100		19,712,470
TOTAL LUXEMBOURG			29,184,778
Netherlands - 2.9%
Gemalto NV	464,629		19,075,587
ING Groep NV:
(Certificaten Van Aandelen) unit (a)	2,414,052		23,154,041
sponsored ADR (a)(d)	1,772,500		17,051,450
Koninklijke Ahold NV	1,121,933		14,403,373
Koninklijke KPN NV	916,453		12,756,822
TOTAL NETHERLANDS			86,441,273
Common Stocks - continued
	Shares		Value
Norway - 0.7%
Aker Solutions ASA	969,500		$ 12,570,697
DnB NOR ASA	570,200		7,083,492
Pronova BioPharma ASA (a)	35,000		85,865
TOTAL NORWAY			19,740,054
Portugal - 0.7%
Energias de Portugal SA	6,169,890		20,288,770
Russia - 0.6%
Mechel Steel Group OAO sponsored ADR	352,400		7,675,272
OAO Gazprom sponsored ADR	467,700		10,102,320
TOTAL RUSSIA			17,777,592
Singapore - 1.9%
DBS Group Holdings Ltd.	870,107		9,213,575
United Overseas Bank Ltd.	2,308,677		33,715,953
Yanlord Land Group Ltd.	8,488,000		11,609,442
TOTAL SINGAPORE			54,538,970
South Africa - 0.2%
Impala Platinum Holdings Ltd.	213,800		5,788,542
Spain - 5.3%
Banco Bilbao Vizcaya Argentaria SA sponsored ADR (d)	1,050,300		14,126,535
Banco Santander SA (d)	1,424,783		18,512,342
Banco Santander SA sponsored ADR (d)	3,916,400		50,012,428
Gestevision Telecinco SA	294,500		3,375,459
Iberdrola SA	4,916,000		34,695,359
Telefonica SA sponsored ADR (d)	530,500		36,307,420
TOTAL SPAIN			157,029,543
Sweden - 0.3%
Telefonaktiebolaget LM Ericsson (B Shares)	840,620		9,277,661
Switzerland - 4.7%
Lonza Group AG	39,498		3,067,916
Roche Holding AG (participation certificate)	486,104		63,239,491
Transocean Ltd. (a)	337,300		15,586,633
Zurich Financial Services AG	238,497		55,688,609
TOTAL SWITZERLAND			137,582,649
Taiwan - 0.8%
AU Optronics Corp.	5,476,000		5,192,795
Common Stocks - continued
	Shares		Value
Taiwan - continued
Hon Hai Precision Industry Co. Ltd. (Foxconn)	2,123,000		$ 8,561,688
Taiwan Semiconductor Manufacturing Co. Ltd.	5,119,000		9,899,421
TOTAL TAIWAN			23,653,904
Thailand - 0.4%
Siam Commercial Bank PCL (For. Reg.)	4,036,900		11,109,589
United Kingdom - 18.0%
Aberdeen Asset Management PLC	3,976,045		8,755,385
Aegis Group PLC	5,954,505		10,945,361
Anglo American PLC (United Kingdom)	876,400		34,700,408
BAE Systems PLC	3,208,500		15,720,628
Barclays PLC	6,034,672		31,240,418
BP PLC sponsored ADR (d)	1,017,100		39,127,837
Carphone Warehouse Group PLC (a)	518,550		1,870,576
Centrica PLC	4,266,300		20,334,754
HSBC Holdings PLC:
(United Kingdom)	3,016,340		30,659,217
sponsored ADR	892,084		45,567,651
Imperial Tobacco Group PLC	450,782		12,754,397
International Power PLC	1,363,755		7,657,310
Man Group PLC	2,223,751		7,578,840
Misys PLC (a)	1,412,600		5,585,331
Prudential PLC	3,755,191		32,663,428
Rio Tinto PLC	565,300		29,243,534
Royal Dutch Shell PLC Class A sponsored ADR (d)	1,935,300		107,254,327
Vedanta Resources PLC	504,900		19,329,917
Vodafone Group PLC sponsored ADR	2,361,800		55,455,064
Wolseley PLC (a)	570,000		12,855,547
TOTAL UNITED KINGDOM			529,299,930
TOTAL COMMON STOCKS (Cost $2,881,163,443)		2,896,614,171
Nonconvertible Preferred Stocks - 0.8%

Italy - 0.8%
Fiat SpA (Risparmio Shares)	991,200		8,003,200
Telecom Italia SpA (Risparmio Shares)	15,952,900		16,582,956
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $24,099,087)		24,586,156
Money Market Funds - 6.5%
	Shares		Value
Fidelity Cash Central Fund, 0.24% (b)	9,780,479		$ 9,780,479
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	180,310,812		180,310,812
TOTAL MONEY MARKET FUNDS (Cost $190,091,291)		190,091,291
TOTAL INVESTMENT PORTFOLIO - 105.9% (Cost $3,095,353,821)			3,111,291,618
NET OTHER ASSETS (LIABILITIES) - (5.9)%			(173,884,763)
NET ASSETS - 100%		$ 2,937,406,855

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	$ 50,435
Fidelity Securities Lending Cash Central Fund	1,060,583
Total	$ 1,111,018

Other Information

The following is a summary of the inputs used, as of July 31, 2010, involving the Fund's assets and liabilities carried at fair 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:
Japan	$ 544,337,516	$ 429,464,701	$ 114,872,815	$ -
United Kingdom	529,299,930	405,493,333	123,806,597	-
France	358,652,457	347,198,384	11,454,073	-
Germany	189,992,241	189,992,241	-	-
Spain	157,029,543	157,029,543	-	-
Switzerland	137,582,649	137,582,649	-	-
Hong Kong	135,369,963	119,739,737	15,630,226	-
Italy	105,432,130	88,849,174	16,582,956	-
Netherlands	86,441,273	63,287,232	23,154,041	-
Other	677,062,625	591,766,785	85,295,840	-
Money Market Funds	190,091,291	190,091,291	-	-
Total Investments in Securities:	$ 3,111,291,618	$ 2,720,495,070	$ 390,796,548	$ -

Income Tax Information

At July 31, 2010, the cost of investment securities for income tax purposes was $3,102,460,503. Net unrealized appreciation aggregated $8,831,115, of which $150,962,938 related to appreciated investment securities and $142,131,823 related to depreciated investment securities.

Investment Valuation

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Southeast Asia Fund -
Southeast Asia
Class F

July 31, 2010

1.804844.106

SEA-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.1%
	Shares		Value
Australia - 0.2%
Wesfarmers Ltd.	93,800		$ 2,638,762
Bermuda - 2.1%
Beijing Enterprises Water Group Ltd. (a)	6,106,000		2,004,545
Genpact Ltd. (a)	51,100		770,077
Huabao International Holdings Ltd.	5,964,000		7,693,502
Noble Group Ltd.	5,909,818		7,170,527
Orient Overseas International Ltd. (a)	744,500		5,817,979
Yue Yuen Industrial (Holdings) Ltd.	2,609,500		8,465,967
TOTAL BERMUDA			31,922,597
Canada - 0.3%
Niko Resources Ltd.	48,800		5,263,820
Cayman Islands - 3.4%
Agile Property Holdings Ltd.	5,760,000		7,504,500
BaWang International (Group) Holding Ltd.	4,115,000		2,511,117
Bosideng International Holdings Ltd.	8,950,000		2,765,369
Central China Real Estate Ltd.	13,719,000		3,532,411
Chaoda Modern Agriculture (Holdings) Ltd.	6,870,000		7,385,195
China Lilang Ltd.	3,326,000		3,678,190
Daphne International Holdings Ltd.	1,296,000		1,199,645
Hidili Industry International Development Ltd.	2,317,000		2,094,025
JA Solar Holdings Co. Ltd. ADR (a)	492,390		2,929,721
Kingboard Chemical Holdings Ltd.	1,888,500		8,740,467
Kingboard Chemical Holdings Ltd. warrants 10/31/12 (a)	107,700		42,844
Kingdee International Software Group Co. Ltd.	7,632,000		3,212,957
Melco PBL Entertainment (Macau) Ltd. sponsored ADR (a)(d)	1,109,900		4,317,511
Shenguan Holdings Group Ltd.	2,600,000		2,369,874
TOTAL CAYMAN ISLANDS			52,283,826
China - 14.2%
Air China Ltd. (H Shares) (a)	7,192,000		8,249,851
Ausnutria Dairy Hunan Co. Ltd. (H Shares) (d)	3,555,000		2,151,078
Bank of China Ltd. (H Shares)	22,009,000		11,617,238
Bank of Communications Co. Ltd. (H Shares)	9,631,000		10,688,023
China Coal Energy Co. Ltd. (H Shares)	3,356,000		4,683,494
China Construction Bank Corp. (H Shares)	46,322,000		39,299,901
China Cosco Holdings Co. Ltd. (H Shares)	6,643,000		7,440,502
China Life Insurance Co. Ltd. (H Shares)	7,540,000		33,701,070
China Merchants Bank Co. Ltd. (H Shares)	5,858,500		15,650,322
China Petroleum & Chemical Corp. (H Shares)	19,776,000		15,959,100
China Yurun Food Group Ltd.	1,765,000		5,794,335
Dalian Port (PDA) Co. Ltd. (H Shares)	2,740,000		1,185,246

	Shares		Value
Digital China Holdings Ltd. (H Shares)	1,379,000		$ 2,236,936
Dongfeng Motor Group Co. Ltd. (H Shares)	6,986,000		9,749,371
Harbin Power Equipment Co. Ltd. (H Shares)	2,396,000		2,097,560
Industrial & Commercial Bank of China Ltd. (H Shares)	20,848,000		15,916,143
Jiangsu Expressway Co. Ltd. (H Shares)	8,354,000		8,130,832
Nine Dragons Paper (Holdings) Ltd.	3,070,000		4,458,268
PICC Property & Casualty Co. Ltd. (H Shares) (a)	6,476,000		6,553,120
Tencent Holdings Ltd.	413,500		7,969,224
Weichai Power Co. Ltd. (H Shares)	774,000		6,397,271
TOTAL CHINA			219,928,885
Hong Kong - 15.9%
BYD Electronic International Co. Ltd.	5,008,000		2,791,714
Cathay Pacific Airways Ltd.	5,111,000		11,383,367
China Agri-Industries Holding Ltd.	7,281,000		8,239,458
China Everbright Ltd.	1,448,000		3,774,960
China Mobile (Hong Kong) Ltd.	5,575,800		56,661,694
China Resources Power Holdings Co. Ltd.	4,867,116		10,627,137
Citic Pacific Ltd.	4,588,000		9,438,846
CLP Holdings Ltd.	2,709,500		20,005,127
CNOOC Ltd.	17,698,000		29,827,878
Galaxy Entertainment Group Ltd. (a)	1,596,000		1,062,288
Henderson Land Development Co. Ltd.	1,270,000		7,905,311
Henderson Land Development Co. Ltd. warrants 6/1/11 (a)	254,000		39,240
Hongkong Land Holdings Ltd.	1,194,000		6,399,840
Hutchison Whampoa Ltd.	2,098,000		13,856,118
Industrial & Commercial Bank of China (Asia) Ltd.	1,316,000		3,905,220
Link (REIT)	3,475,050		9,037,143
New World Development Co. Ltd.	6,278,000		11,218,364
PCCW Ltd.	21,688,000		6,673,231
Sa Sa International Holdings Ltd.	1,542,000		1,175,235
Shenzhen Investment Ltd.	11,912,000		4,048,623
Swire Pacific Ltd. (A Shares)	1,152,500		14,006,566
Wharf Holdings Ltd.	2,586,000		14,149,340
TOTAL HONG KONG			246,226,700
India - 1.5%
Bank of Baroda	163,411		2,756,935
Cadila Healthcare Ltd.	166,199		2,275,764
Crompton Greaves Ltd.	516,633		3,080,195
Ess Dee Aluminium Ltd.	183,198		2,034,392
ICSA (India) Ltd.	286,636		818,783
Infotech Enterprises Ltd.	319,260		1,142,550
Jindal Steel & Power Ltd.	50,073		671,940
Patni Computer Systems Ltd.	464,423		4,710,581
Common Stocks - continued
	Shares		Value
India - continued
Tata Consultancy Services Ltd.	236,163		$ 4,275,729
Tulip Telecom Ltd.	287,815		1,157,837
TOTAL INDIA			22,924,706
Indonesia - 2.7%
PT Astra International Tbk	2,062,500		11,696,747
PT Bank Rakyat Indonesia Tbk	12,193,000		13,502,337
PT BISI International Tbk (a)	14,906,500		2,451,073
PT Indo Tambangraya Megah Tbk	1,171,500		4,914,018
PT Indofood Sukses Makmur Tbk	8,451,500		4,372,287
PT Perusahaan Perkebunan London Sumatra Indonesia Tbk	2,740,500		2,712,915
PT XL Axiata Tbk (a)	4,462,500		2,371,019
TOTAL INDONESIA			42,020,396
Korea (South) - 26.8%
Busan Bank	842,710		9,084,379
Cheil Worldwide, Inc.	580,010		5,958,250
CJ CheilJedang Corp.	44,745		8,947,106
CJ Corp.	175,540		10,982,842
Daegu Bank Co. Ltd.	508,300		6,553,856
Daehan Steel Co. Ltd.	214,600		1,658,375
Doosan Construction & Engineering Co. Ltd.	525,840		1,896,180
Duksan Hi-Metal Co. Ltd. (a)	535,293		8,191,757
GS Holdings Corp.	247,210		8,663,582
Halla Climate Control Co.	293,370		4,291,101
Hana Financial Group, Inc.	341,310		10,172,204
Hanwha Corp.	189,840		6,436,341
Honam Petrochemical Corp.	57,037		8,318,647
Hynix Semiconductor, Inc. (a)	447,930		8,521,177
Hyundai Department Store Co. Ltd.	97,376		9,714,957
Hyundai Heavy Industries Co. Ltd.	54,745		12,427,841
Hyundai Mobis	95,815		16,566,614
Hyundai Motor Co.	186,580		23,504,894
Hyundai Steel Co.	96,665		8,377,223
Industrial Bank of Korea	768,180		10,164,459
Kia Motors Corp.	323,860		8,461,020
Korea Electric Power Corp. (a)	372,780		10,450,362
Korea Zinc Co. Ltd.	39,225		7,810,176
Kyeryong Construction Industrial Co. Ltd.	60,160		719,733
LG Corp.	155,145		10,729,958
LG Display Co. Ltd.	361,030		11,038,960
LG Innotek Co. Ltd.	48,520		6,563,685
LIG Non-Life Insurance Co. Ltd.	181,660		3,924,254
Lotte Shopping Co. Ltd.	27,018		8,223,612
NCsoft Corp.	37,409		5,946,219
POSCO	69,941		29,095,115
Samsung Electronics Co. Ltd.	116,149		79,543,999
Shinhan Financial Group Co. Ltd.	633,953		26,029,373

	Shares		Value
SK Telecom Co. Ltd.	159,630		$ 22,504,696
Tong Yang Securities, Inc.	445,810		4,070,807
TOTAL KOREA (SOUTH)			415,543,754
Malaysia - 3.2%
AMMB Holdings Bhd	3,670,500		5,937,362
Axiata Group Bhd (a)	6,172,300		8,258,814
Bumiputra-Commerce Holdings Bhd	5,097,900		11,849,065
Genting Malaysia Bhd	8,325,500		7,452,744
Malayan Banking Bhd	5,261,100		12,790,236
Top Glove Corp. Bhd	1,304,000		2,719,611
TOTAL MALAYSIA			49,007,832
Mauritius - 0.4%
Golden Agri-Resources Ltd.	16,686,000		7,055,261
Philippines - 0.3%
Banco de Oro Universal Bank	2,990,000		3,067,172
Megaworld Corp.	27,730,000		913,674
TOTAL PHILIPPINES			3,980,846
Singapore - 7.6%
Ascendas Real Estate Investment Trust (A-REIT)	5,109,000		7,964,615
CapitaLand Ltd.	3,090,000		8,998,015
Ezra Holdings Ltd.	859,000		1,263,328
K-Green Trust (a)	571,200		483,036
Keppel Corp. Ltd.	2,856,000		19,615,442
Keppel Land Ltd.	2,206,000		6,553,600
MobileOne Ltd.	1,553,000		2,421,031
Neptune Orient Lines Ltd. (a)	3,636,000		5,481,138
Oversea-Chinese Banking Corp. Ltd.	3,328,488		22,101,806
Raffles Medical Group Ltd.	1,622,000		2,337,760
SembCorp Industries Ltd.	3,611,000		11,205,545
SembCorp Marine Ltd.	2,366,000		6,959,335
United Overseas Bank Ltd.	1,388,771		20,281,633
Yanlord Land Group Ltd.	1,684,000		2,303,287
TOTAL SINGAPORE			117,969,571
Taiwan - 14.4%
Cando Corp. (a)	1,153,956		665,588
Chroma ATE, Inc.	3,093,125		6,217,677
Compal Electronics, Inc.	8,690,000		11,396,499
Delta Electronics, Inc.	2,475,000		8,549,824
E.Sun Financial Holdings Co. Ltd.	8,669,000		4,024,530
Far East Department Stores Co. Ltd.	8,192,000		8,028,736
Formosa Chemicals & Fibre Corp.	6,046,000		13,174,090
Formosa Petrochemical Corp.	2,929,000		6,812,586
Formosa Plastics Corp.	8,582,000		17,948,755
Fubon Financial Holding Co. Ltd.	14,276,000		17,539,564
HTC Corp.	1,076,250		19,783,822
Huaku Development Co. Ltd.	1,773,269		3,974,784
Hung Poo Real Estate Development Co. Ltd.	3,432,447		3,970,318
Insyde Software Corp.	616,928		1,803,291
Common Stocks - continued
	Shares		Value
Taiwan - continued
King Slide Works Co. Ltd.	308,000		$ 1,574,302
Macronix International Co. Ltd.	10,617,000		7,086,298
Novatek Microelectronics Corp.	2,016,000		5,338,185
Powertech Technology, Inc.	1,773,000		5,431,934
Quanta Computer, Inc.	5,627,000		10,202,923
Ralink Technology Corp.	177,480		643,616
Taishin Financial Holdings Co. Ltd. (a)	33,062,000		14,780,355
Taiwan Semiconductor Manufacturing Co. Ltd.	23,226,192		44,916,164
Tripod Technology Corp.	1,528,000		5,827,777
U-Ming Marine Transport Corp.	1,808,000		3,425,238
TOTAL TAIWAN			223,116,856
Thailand - 5.5%
Advanced Info Service PCL (For. Reg.)	1,724,300		4,985,221
Bangkok Bank Ltd. PCL:
NVDR	1,937,700		8,178,604
(For. Reg.)	842,700		3,621,994
Banpu PCL:
unit	591,900		11,420,705
(For. Reg.)	75,400		1,454,842
Charoen Pokphand Foods PCL (For. Reg.)	14,423,600		10,748,570
Electricity Generating PCL unit	2,274,800		6,031,667
National Finance PCL (For. Reg.)	6,172,000		5,725,417
Preuksa Real Estate PCL (For. Reg.)	3,826,600		2,827,945
PTT Aromatics & Refining PLC unit	7,304,800		5,262,889
PTT PCL (For. Reg.)	1,294,600		10,167,854
Quality Houses PCL	24,855,700		1,752,350
Siam Cement PCL (For. Reg.)	999,500		8,715,492
Total Access Communication PCL unit	2,992,600		4,372,305
TOTAL THAILAND			85,265,855

	Shares		Value
United Kingdom - 0.6%
HSBC Holdings PLC (Hong Kong)	982,800		$ 10,061,563
United States of America - 0.0%
China Natural Gas, Inc. (a)(d)	84,700		650,496
TOTAL COMMON STOCKS (Cost $1,412,782,712)		1,535,861,726
Money Market Funds - 0.6%

Fidelity Cash Central Fund, 0.24% (b)	7,778,543		7,778,543
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	2,039,600		2,039,600
TOTAL MONEY MARKET FUNDS (Cost $9,818,143)		9,818,143
TOTAL INVESTMENT PORTFOLIO - 99.7% (Cost $1,422,600,855)			1,545,679,869
NET OTHER ASSETS (LIABILITIES) - 0.3%			4,824,399
NET ASSETS - 100%		$ 1,550,504,268

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	$ 16,826
Fidelity Securities Lending Cash Central Fund	103,653
Total	$ 120,479

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Korea (South)	$ 415,543,754	$ 316,425,248	$ 99,118,506	$ -
Hong Kong	246,226,700	155,831,908	86,489,572	3,905,220
Taiwan	223,116,856	178,200,692	44,916,164	-
China	219,928,885	170,268,715	49,660,170	-
Singapore	117,969,571	117,969,571	-	-
Thailand	85,265,855	85,265,855	-	-
Cayman Islands	52,283,826	52,283,826	-	-
Malaysia	49,007,832	49,007,832	-	-
Indonesia	42,020,396	42,020,396	-	-
Other	84,498,051	66,968,972	17,529,079	-
Money Market Funds	9,818,143	9,818,143	-	-
Total Investments in Securities:	$ 1,545,679,869	$ 1,244,061,158	$ 297,713,491	$ 3,905,220

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

Investments in Securities:
Beginning Balance	$ 1,846,452
Total Realized Gain (Loss)	1,124,820
Total Unrealized Gain (Loss)	297,297
Cost of Purchases	3,454,942
Proceeds of Sales	(2,818,291)
Amortization/Accretion	-
Transfers in to Level 3	-
Transfers out of Level 3	-
Ending Balance	$ 3,905,220
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ 450,278

Income Tax Information

At July 31, 2010, the cost of investment securities for income tax purposes was $1,438,609,961. Net unrealized appreciation aggregated $107,069,908, of which $149,053,690 related to appreciated investment securities and $41,983,782 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 and are categorized as Level 1 in the hierarchy. 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 or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in significant transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Total International Equity Fund

July 31, 2010

1.863105.102

TIE-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.0%
	Shares		Value
Argentina - 0.1%
Banco Macro SA sponsored ADR	1,200		$ 45,564
Australia - 2.7%
CSL Ltd.	5,372		161,089
Intoll Group unit	44,010		58,539
Leighton Holdings Ltd.	6,781		180,944
Macquarie Group Ltd.	7,104		239,124
MAp Group unit	78,990		211,563
OZ Minerals Ltd. (a)	106,495		118,525
Wesfarmers Ltd.	4,254		119,673
Westfield Group unit	17,547		193,863
Woolworths Ltd.	11,977		279,496
Worleyparsons Ltd.	3,558		74,498
TOTAL AUSTRALIA			1,637,314
Austria - 0.3%
Andritz AG	2,190		137,365
Erste Bank AG	800		32,109
TOTAL AUSTRIA			169,474
Bailiwick of Guernsey - 0.1%
Resolution Ltd.	2,748		10,271
Resolution Ltd. rights 8/5/10 (a)	46,718		63,747
TOTAL BAILIWICK OF GUERNSEY			74,018
Bailiwick of Jersey - 1.1%
Heritage Oil PLC (a)	3,830		24,647
Informa PLC	43,557		268,067
Randgold Resources Ltd. sponsored ADR	2,000		179,760
United Business Media Ltd.	15,200		131,237
WPP PLC	7,668		81,502
TOTAL BAILIWICK OF JERSEY			685,213
Belgium - 1.3%
Anheuser-Busch InBev SA NV	11,985		634,745
Anheuser-Busch InBev SA NV (strip VVPR) (a)	6,080		24
Gimv NV	350		17,243
Umicore SA	4,200		141,669
TOTAL BELGIUM			793,681
Bermuda - 1.4%
Aquarius Platinum Ltd.:
(Australia)	10,343		44,361
(United Kingdom)	3,600		15,380
Common Stocks - continued
	Shares		Value
Bermuda - continued
CNPC (Hong Kong) Ltd.	40,000		$ 52,115
Great Eagle Holdings Ltd.	7,000		18,204
Lazard Ltd. Class A	2,600		77,142
Orient Overseas International Ltd. (a)	6,000		46,888
Seadrill Ltd. (d)	15,700		364,485
Trinity Ltd.	106,000		68,097
VimpelCom Ltd. ADR (a)	7,700		125,587
TOTAL BERMUDA			812,259
Brazil - 5.0%
Banco ABC Brasil SA	23,500		185,889
Banco Bradesco SA (PN) sponsored ADR	9,100		169,533
Banco Do Brasil SA	12,211		211,097
Banco Santander (Brasil) SA ADR	8,200		109,224
BM&F BOVESPA SA	24,600		181,860
BR Malls Participacoes SA	7,500		112,767
Braskem SA Class A sponsored ADR (d)	12,230		186,874
Centrais Eletricas Brasileiras SA (Electrobras):
(PN-B) sponsored ADR	2,300		35,995
sponsored ADR	2,100		27,468
Companhia Siderurgica Nacional SA (CSN) sponsored ADR	5,500		92,345
Cyrela Brazil Realty SA	5,300		74,233
Fibria Celulose SA sponsored ADR (a)	6,031		94,687
Fleury SA (a)	900		10,405
Gafisa SA sponsored ADR	2,930		44,360
Gerdau SA sponsored ADR	4,800		70,272
Iguatemi Empresa de Shopping Centers SA	3,100		61,630
Itau Unibanco Banco Multiplo SA:
ADR	6,927		155,096
ADR (e)	1,300		29,107
Localiza Rent A Car SA	2,400		33,096
Lojas Renner SA	1,200		40,275
MRV Engenharia e Participacoes SA	1,200		10,816
Multiplan Empreendimentos Imobiliarios SA	3,400		64,384
Natura Cosmeticos SA	700		18,311
Odontoprev SA	3,000		28,234
OGX Petroleo e Gas Participacoes SA (a)	7,700		81,094
PDG Realty SA Empreendimentos e Participacoes	4,100		43,390
Petroleo Brasileiro SA - Petrobras:
(ON) sponsored ADR	4,500		163,800
(PN) sponsored ADR (non-vtg.)	3,600		114,660
Tele Norte Leste Participacoes SA sponsored ADR (non-vtg.)	4,000		58,520
Common Stocks - continued
	Shares		Value
Brazil - continued
TIM Participacoes SA sponsored ADR (non-vtg.)	1,200		$ 34,236
Vale SA:
(PN-A) sponsored ADR (a)	11,000		266,530
sponsored ADR (a)	2,100		58,380
Vivo Participacoes SA sponsored ADR	3,300		88,242
TOTAL BRAZIL			2,956,810
Canada - 2.7%
Agnico-Eagle Mines Ltd. (Canada)	1,990		111,178
Eldorado Gold Corp.	3,700		60,110
Fairfax Financial Holdings Ltd. (sub. vtg.)	300		119,510
First Quantum Minerals Ltd.	600		37,601
Goldcorp, Inc.	1,400		54,886
Niko Resources Ltd.	2,560		276,135
Open Text Corp. (a)	3,900		154,376
Pacific Rubiales Energy Corp. (a)	400		9,596
Pan American Silver Corp.	2,400		55,104
Petrobank Energy & Resources Ltd. (a)	5,900		243,071
Power Corp. of Canada (sub. vtg.)	2,900		75,325
Quadra FNX Mining Ltd. (a)	600		7,267
Sherritt International Corp.	1,600		10,600
Sino-Forest Corp. (a)	1,400		21,559
Suncor Energy, Inc.	3,500		115,390
Toronto-Dominion Bank	3,300		234,864
Uranium One, Inc. (a)	10,500		28,498
TOTAL CANADA			1,615,070
Cayman Islands - 0.9%
3SBio, Inc. sponsored ADR (a)	600		9,030
China High Speed Transmission Equipment Group Co. Ltd.	26,000		59,448
China Lilang Ltd.	59,000		65,248
China Shanshui Cement Group Ltd.	43,000		23,140
Daphne International Holdings Ltd.	30,000		27,770
Eurasia Drilling Co. Ltd.:
GDR (e)	400		8,200
GDR (Reg. S)	1,900		38,950
Hengdeli Holdings Ltd.	254,000		116,413
Hidili Industry International Development Ltd.	33,000		29,824
Kingboard Chemical Holdings Ltd.	8,500		39,340
Kingboard Chemical Holdings Ltd. warrants 10/31/12 (a)	600		239
Shenguan Holdings Group Ltd.	10,000		9,115
Common Stocks - continued
	Shares		Value
Cayman Islands - continued
Vantage Drilling Co. (a)	5,500		$ 7,315
Wynn Macau Ltd.	52,200		88,843
TOTAL CAYMAN ISLANDS			522,875
Chile - 0.2%
Banco Santander Chile sponsored ADR	1,100		91,311
Enersis SA sponsored ADR	1,700		35,258
TOTAL CHILE			126,569
China - 2.0%
Agricultural Bank of China (H Shares)	20,000		9,012
Baidu.com, Inc. sponsored ADR (a)	2,000		162,820
China Hongxing Sports Ltd.	33,000		3,761
China Merchants Bank Co. Ltd. (H Shares)	87,383		233,434
China Nepstar Chain Drugstore Ltd. ADR	930		2,809
China Shenhua Energy Co. Ltd. (H Shares)	20,500		78,912
China Yurun Food Group Ltd.	11,000		36,112
Digital China Holdings Ltd. (H Shares)	9,000		14,599
Golden Eagle Retail Group Ltd. (H Shares)	17,000		40,402
Harbin Power Equipment Co. Ltd. (H Shares)	20,000		17,509
Industrial & Commercial Bank of China Ltd. (H Shares)	380,000		290,106
Minth Group Ltd.	16,000		24,018
Nine Dragons Paper (Holdings) Ltd.	52,000		75,515
Ping An Insurance Group Co. China Ltd. (H Shares)	11,000		91,130
Tencent Holdings Ltd.	2,200		42,400
Yantai Changyu Pioneer Wine Co. (B Shares)	4,000		42,052
TOTAL CHINA			1,164,591
Colombia - 0.0%
Ecopetrol SA ADR	500		17,060
Czech Republic - 0.1%
Komercni Banka AS	300		58,265
Denmark - 1.3%
Novo Nordisk AS:
Series B	948		81,128
Series B sponsored ADR	4,600		395,738
Vestas Wind Systems AS (a)	3,395		165,088
William Demant Holding AS (a)	1,810		132,655
TOTAL DENMARK			774,609
Egypt - 0.1%
Commercial International Bank Ltd. sponsored GDR	11,800		82,600
Common Stocks - continued
	Shares		Value
Finland - 0.8%
Metso Corp.	3,400		$ 134,094
Nokian Tyres PLC	5,902		165,617
Outotec OYJ	4,700		166,436
TOTAL FINLAND			466,147
France - 5.8%
Atos Origin SA (a)	1,272		54,627
Audika SA	1,000		26,276
AXA SA sponsored ADR	27,400		505,530
BNP Paribas SA	4,551		312,652
Carrefour SA	504		23,205
Christian Dior SA	700		75,871
Compagnie de St. Gobain	3,064		130,446
Credit Agricole SA	9,000		123,284
Danone	5,280		296,188
Laurent-Perrier Group	209		18,580
PPR SA	1,000		133,789
Remy Cointreau SA	2,019		110,364
Renault SA (a)	1,100		49,082
Safran SA	5,614		151,535
Saft Groupe SA	879		30,136
Sanofi-Aventis	756		43,955
Sanofi-Aventis sponsored ADR	7,500		218,550
Schneider Electric SA	815		94,007
Societe Generale Series A	6,510		375,326
Total SA	690		34,838
Total SA sponsored ADR	7,600		384,788
Unibail-Rodamco	1,242		245,080
Virbac SA	100		12,056
TOTAL FRANCE			3,450,165
Georgia - 0.0%
Bank of Georgia unit (a)	800		9,520
Germany - 4.1%
Allianz AG sponsored ADR	7,300		84,826
BASF AG	2,272		132,692
Bayerische Motoren Werke AG (BMW)	1,659		89,323
Bilfinger Berger AG	348		19,868
Colonia Real Estate AG (a)	1,279		7,151
CTS Eventim AG	331		16,903
Daimler AG (United States) (a)	4,400		237,820
Deutsche Boerse AG	1,500		105,024
Common Stocks - continued
	Shares		Value
Germany - continued
E.ON AG	17,959		$ 535,900
Fielmann AG	209		16,516
HeidelbergCement AG	1,900		95,699
Linde AG	2,399		281,250
MAN SE	1,171		108,713
Metro AG	1,600		88,826
Munich Re Group	1,488		206,157
Siemens AG sponsored ADR	4,000		389,560
Software AG (Bearer)	193		21,522
TOTAL GERMANY			2,437,750
Greece - 0.2%
Hellenic Telecommunications Organization SA	8,339		68,012
Public Power Corp. of Greece	3,600		57,290
Terna Energy SA	3,749		18,470
TOTAL GREECE			143,772
Hong Kong - 3.1%
China Agri-Industries Holding Ltd.	29,000		32,818
China Mobile (Hong Kong) Ltd.	22,000		223,566
China Resources Power Holdings Co. Ltd.	54,000		117,907
CNOOC Ltd.	145,000		244,380
CNOOC Ltd. sponsored ADR	260		43,789
Hang Lung Group Ltd.	10,000		58,706
Hong Kong Exchanges and Clearing Ltd.	16,500		271,265
Hutchison Whampoa Ltd.	18,000		118,880
Shanghai Industrial Holdings Ltd.	13,000		59,247
Swire Pacific Ltd. (A Shares)	32,500		394,979
Techtronic Industries Co. Ltd.	99,000		81,698
Texwinca Holdings Ltd.	16,000		16,376
Wharf Holdings Ltd.	32,000		175,089
TOTAL HONG KONG			1,838,700
Hungary - 0.1%
OTP Bank Ltd. (a)	2,800		67,263
India - 1.3%
Bank of Baroda	8,332		140,571
Bharat Heavy Electricals Ltd.	1,141		59,969
Housing Development Finance Corp. Ltd.	1,458		93,914
Idea Cellular Ltd. (a)	17,067		25,977
Infosys Technologies Ltd. sponsored ADR	1,900		114,912
Infrastructure Development Finance Co. Ltd.	7,177		28,771
Common Stocks - continued
	Shares		Value
India - continued
Jain Irrigation Systems Ltd.	1,802		$ 47,998
JSW Steel Ltd.	2,299		55,377
Jyothy Laboratories Ltd.	2,850		17,428
Reliance Industries Ltd.	2,192		47,713
Rural Electrification Corp. Ltd.	6,678		45,393
Tata Consultancy Services Ltd.	4,522		81,871
Tata Power Co. Ltd.	813		23,153
Ultratech Cement Ltd.	758		14,117
Unitech Ltd.	4,394		7,687
TOTAL INDIA			804,851
Indonesia - 1.3%
PT Astra International Tbk	16,000		90,738
PT Bank Negara Indonesia (Persero) Tbk	120,500		40,773
PT Bank Rakyat Indonesia Tbk	190,500		210,957
PT Delta Dunia Petroindo Tbk (a)	90,500		10,123
PT Gudang Garam Tbk	10,500		41,107
PT Indo Tambangraya Megah Tbk	6,000		25,168
PT Indocement Tunggal Prakarsa Tbk	32,500		61,437
PT Indofood Sukses Makmur Tbk	106,500		55,097
PT Indosat Tbk	29,500		16,004
PT Indosat Tbk sponsored ADR	600		16,188
PT Kalbe Farma Tbk	67,500		18,498
PT Perusahaan Gas Negara Tbk Series B	103,500		46,888
PT Semen Gresik Tbk	67,500		69,841
PT Tambang Batubbara Bukit Asam Tbk	6,000		11,208
PT XL Axiata Tbk (a)	70,500		37,458
TOTAL INDONESIA			751,485
Ireland - 0.6%
CRH PLC sponsored ADR	11,900		250,257
James Hardie Industries NV sponsored ADR (a)	4,195		122,704
TOTAL IRELAND			372,961
Israel - 0.2%
Partner Communications Co. Ltd. ADR	3,042		50,345
Teva Pharmaceutical Industries Ltd. sponsored ADR	1,400		68,390
TOTAL ISRAEL			118,735
Italy - 1.8%
Azimut Holdings SpA	16,607		166,448
Fiat SpA	13,000		166,555
Interpump Group SpA (a)	4,125		22,312
Common Stocks - continued
	Shares		Value
Italy - continued
Intesa Sanpaolo SpA	129,152		$ 427,559
Saipem SpA	3,010		108,277
UniCredit SpA	72,701		203,723
TOTAL ITALY			1,094,874
Japan - 11.8%
Aisin Seiki Co. Ltd.	3,100		86,624
Aozora Bank Ltd.	10,000		13,306
Asahi Co. Ltd.	500		7,434
Autobacs Seven Co. Ltd.	4,000		148,800
Credit Saison Co. Ltd.	5,300		67,335
Daikoku Denki Co. Ltd.	1,100		15,044
Daikokutenbussan Co. Ltd.	800		24,623
Denso Corp.	12,600		361,125
East Japan Railway Co.	6,800		438,253
Fanuc Ltd.	2,100		248,088
Fast Retailing Co. Ltd.	800		119,688
FCC Co. Ltd.	900		17,432
Fukuoka (REIT) Investment Fund	3		18,953
GCA Savvian Group Corp. (a)	14		14,255
Glory Ltd.	400		9,307
Goldcrest Co. Ltd.	370		7,561
Gunma Bank Ltd.	3,000		16,106
Honda Motor Co. Ltd.	4,500		142,324
Japan Retail Fund Investment Corp.	103		132,646
Japan Steel Works Ltd.	13,000		125,450
Japan Tobacco, Inc.	14		45,033
JSR Corp.	4,300		75,328
Kamigumi Co. Ltd.	2,000		15,690
Keyence Corp.	710		163,483
Kobayashi Pharmaceutical Co. Ltd.	3,900		164,484
Konica Minolta Holdings, Inc.	8,500		89,500
Kyoto Kimono Yuzen Co. Ltd.	900		8,956
Meiko Network Japan Co. Ltd.	900		6,394
Miraca Holdings, Inc.	4,200		124,992
Miraial Co. Ltd.	300		8,088
Mitsubishi UFJ Financial Group, Inc.	75,300		372,906
Mitsui & Co. Ltd.	35,000		448,713
MS&AD Insurance Group Holdings, Inc.	3,990		88,687
Nabtesco Corp.	1,000		15,829
Nachi-Fujikoshi Corp.	7,000		20,816
Nagaileben Co. Ltd.	300		7,328
Common Stocks - continued
	Shares		Value
Japan - continued
Nihon Parkerizing Co. Ltd.	1,000		$ 12,867
Nippon Electric Glass Co. Ltd.	15,000		191,091
Nippon Seiki Co. Ltd.	2,000		21,984
Nippon Telegraph & Telephone Corp.	1,400		58,208
Nippon Thompson Co. Ltd.	20,000		132,138
Nitto Kohki Co. Ltd.	300		6,665
Obic Co. Ltd.	610		115,118
ORIX Corp.	2,240		176,245
Osaka Securities Exchange Co. Ltd.	30		149,262
OSG Corp.	1,200		13,260
Promise Co. Ltd.	8,800		70,054
SAZABY, Inc.	400		6,017
Seven & i Holdings Co., Ltd.	3,000		71,820
Shiseido Co. Ltd.	7,200		161,120
SHO-BOND Holdings Co. Ltd.	3,500		74,677
Shoei Co. Ltd.	600		5,929
SOFTBANK CORP.	3,000		89,731
Sumitomo Corp.	21,400		227,309
Sumitomo Metal Industries Ltd.	45,000		108,823
Sumitomo Mitsui Financial Group, Inc.	6,200		191,972
The Daishi Bank Ltd., Niigata	3,000		10,379
The Nippon Synthetic Chemical Industry Co. Ltd.	1,000		6,098
THK Co. Ltd.	800		15,801
Toho Holdings Co. Ltd.	1,200		17,939
Tokio Marine Holdings, Inc.	3,500		95,817
Tokyo Electron Ltd.	800		42,951
Tokyo Gas Co., Ltd.	61,000		277,385
Toridoll Corp.	4		7,322
Toyota Motor Corp.	10,900		382,500
Tsumura & Co.	600		18,043
Tsutsumi Jewelry Co. Ltd.	400		9,303
USS Co. Ltd.	4,100		308,360
Xebio Co. Ltd.	1,800		35,698
Yamada Denki Co. Ltd.	1,400		94,602
Yamatake Corp.	600		15,329
Yamato Kogyo Co. Ltd.	5,600		136,590
TOTAL JAPAN			7,028,988
Kazakhstan - 0.1%
JSC Halyk Bank of Kazakhstan unit (a)	1,387		11,304
KazMunaiGas Exploration & Production JSC (Reg. S) GDR	1,300		25,428
TOTAL KAZAKHSTAN			36,732
Common Stocks - continued
	Shares		Value
Korea (South) - 2.7%
Amorepacific Corp.	51		$ 41,654
Busan Bank	1,450		15,631
CJ CheilJedang Corp.	224		44,791
CJ Corp.	760		47,550
Daegu Bank Co. Ltd.	490		6,318
Daelim Industrial Co.	563		31,893
Hanjin Heavy Industries & Consolidated Co. Ltd.	520		12,442
Honam Petrochemical Corp.	210		30,628
Hynix Semiconductor, Inc. (a)	2,500		47,559
Hyundai Mobis	414		71,581
Hyundai Motor Co.	1,043		131,395
Industrial Bank of Korea	5,120		67,747
Kia Motors Corp.	2,260		59,044
Korea Exchange Bank	3,360		34,516
KT Corp.	1,060		38,248
LG Display Co. Ltd.	1,370		41,890
LG Display Co. Ltd. sponsored ADR	1,300		19,981
LG Innotek Co. Ltd.	335		45,318
Lumens Co. Ltd. (a)	2,452		24,048
NCsoft Corp.	275		43,712
NHN Corp. (a)	1,297		201,774
Samsung Electronics Co. Ltd.	408		279,417
Shinhan Financial Group Co. Ltd.	4,980		204,473
Shinhan Financial Group Co. Ltd. sponsored ADR	300		24,819
Tong Yang Securities, Inc.	2,260		20,637
TOTAL KOREA (SOUTH)			1,587,066
Lebanon - 0.0%
BLOM Bank SAL GDR	50		4,645
Luxembourg - 0.7%
ArcelorMittal SA:
(Netherlands)	2,449		74,987
Class A unit	6,300		193,410
Evraz Group SA GDR (a)	1,900		50,635
GlobeOp Financial Services SA	2,300		10,281
Millicom International Cellular SA	500		46,610
Ternium SA sponsored ADR	1,300		46,475
TOTAL LUXEMBOURG			422,398
Malaysia - 0.1%
Axiata Group Bhd (a)	22,700		30,374
Common Stocks - continued
	Shares		Value
Malaysia - continued
RHB Capital BHD	5,200		$ 10,600
Top Glove Corp. Bhd	9,200		19,187
TOTAL MALAYSIA			60,161
Mexico - 0.9%
America Movil SAB de CV Series L sponsored ADR	3,500		173,635
Banco Compartamos SA de CV	5,100		30,745
Cemex SA de CV sponsored ADR	4,962		46,841
Genomma Lab Internacional SA de CV (a)	3,500		11,920
Grupo Aeroportuario del Pacifico SA de CV sponsored ADR	349		11,339
Grupo Financiero Banorte SAB de CV Series O	11,900		46,581
Wal-Mart de Mexico SA de CV Series V	96,500		224,128
TOTAL MEXICO			545,189
Netherlands - 2.1%
Aalberts Industries NV	1,500		22,356
ASM International NV unit (a)	7,035		178,970
ASML Holding NV	5,100		164,169
Gemalto NV	3,455		141,847
Heijmans NV unit (a)	710		11,253
ING Groep NV:
(Certificaten Van Aandelen) unit (a)	17,910		171,781
sponsored ADR (a)	13,800		132,756
Koninklijke Ahold NV	8,344		107,120
Koninklijke KPN NV	15,344		213,585
QIAGEN NV (a)	6,800		127,296
TOTAL NETHERLANDS			1,271,133
Nigeria - 0.1%
Guaranty Trust Bank PLC GDR (Reg. S)	5,225		34,276
Norway - 0.3%
Aker Solutions ASA	7,500		97,246
Det Norske Oljeselskap ASA (DNO) (A Shares) (a)	10,000		13,748
DnB NOR ASA	4,300		53,418
Sevan Marine ASA (a)	10,000		10,167
TOTAL NORWAY			174,579
Panama - 0.1%
Copa Holdings SA Class A	800		41,320
Common Stocks - continued
	Shares		Value
Papua New Guinea - 0.3%
Lihir Gold Ltd. sponsored ADR	4,400		$ 162,976
Oil Search Ltd.	1,312		6,933
TOTAL PAPUA NEW GUINEA			169,909
Peru - 0.2%
Compania de Minas Buenaventura SA sponsored ADR	2,600		100,386
Philippines - 0.0%
Jollibee Food Corp.	7,500		12,768
Megaworld Corp.	70,000		2,306
TOTAL PHILIPPINES			15,074
Poland - 0.1%
Bank Polska Kasa Opieki SA	1,100		58,665
Portugal - 0.4%
Energias de Portugal SA	48,067		158,061
Jeronimo Martins SGPS SA	9,625		105,188
TOTAL PORTUGAL			263,249
Russia - 1.8%
Cherkizovo Group OJSC GDR (a)	1,018		15,710
Gazprom Neft (a)	2,401		9,737
LSR Group OJSC GDR (Reg. S) (a)	1,100		10,010
Magnit OJSC GDR (Reg. S)	3,200		67,680
Mechel Steel Group OAO sponsored:
ADR	5,300		115,434
ADR (a)	700		5,215
Novorossiysk Commercial Sea Port JSC	27,200		4,245
Novorossiysk Commercial Sea Port JSC GDR (Reg. S)	200		2,370
OAO Gazprom sponsored ADR	7,467		161,287
OAO NOVATEK GDR	1,200		90,000
OAO Tatneft sponsored ADR	2,200		68,002
OJSC MMC Norilsk Nickel sponsored ADR (a)	5,784		94,164
OJSC Oil Company Rosneft GDR (Reg. S)	15,400		102,872
Polymetal JSC GDR (Reg. S) (a)	3,900		51,129
Protek (a)	3,069		12,033
RusHydro JSC sponsored ADR (a)	9,500		49,590
Sberbank (Savings Bank of the Russian Federation)	31,900		88,983
Sberbank (Savings Bank of the Russian Federation) GDR	150		44,184
Sistema JSFC sponsored GDR (a)	2,000		49,000
TGK-1 OAO (a)	9,507,900		6,187
TOTAL RUSSIA			1,047,832
Common Stocks - continued
	Shares		Value
Singapore - 1.5%
Allgreen Properties Ltd.	21,000		$ 18,067
City Developments Ltd.	7,000		62,284
DBS Group Holdings Ltd.	7,150		75,711
Keppel Land Ltd.	3,000		8,912
Singapore Exchange Ltd.	44,000		247,842
Straits Asia Resources Ltd.	20,000		30,443
United Overseas Bank Ltd.	17,943		262,040
Wing Tai Holdings Ltd.	58,000		76,770
Yanlord Land Group Ltd.	66,000		90,271
TOTAL SINGAPORE			872,340
South Africa - 2.5%
African Bank Investments Ltd.	12,000		55,112
African Rainbow Minerals Ltd.	9,763		228,941
AngloGold Ashanti Ltd.	1,400		56,796
AngloGold Ashanti Ltd. sponsored ADR	300		12,156
Aspen Pharmacare Holdings Ltd. (a)	4,300		48,044
Clicks Group Ltd.	36,929		183,017
FirstRand Ltd.	25,000		69,404
Foschini Ltd.	4,420		43,023
Illovo Sugar Ltd.	7,000		26,861
Impala Platinum Holdings Ltd.	1,700		46,027
Imperial Holdings Ltd.	3,267		43,198
JSE Ltd.	14,600		142,111
Mr. Price Group Ltd.	33,500		231,882
MTN Group Ltd.	2,100		33,669
Mvelaphanda Resources Ltd. (a)	6,922		41,489
Shoprite Holdings Ltd.	3,800		47,615
Standard Bank Group Ltd.	6,737		104,828
Woolworths Holdings Ltd.	14,667		52,259
TOTAL SOUTH AFRICA			1,466,432
Spain - 2.6%
Banco Bilbao Vizcaya Argentaria SA sponsored ADR (d)	7,759		104,359
Banco Santander SA	10,716		139,234
Banco Santander SA sponsored ADR	30,800		393,316
Gestevision Telecinco SA	2,300		26,362
Grifols SA	646		7,201
Iberdrola SA	38,042		268,487
Inditex SA	2,711		179,319
Common Stocks - continued
	Shares		Value
Spain - continued
Prosegur Compania de Seguridad SA (Reg.)	2,951		$ 145,117
Telefonica SA sponsored ADR	4,040		276,498
TOTAL SPAIN			1,539,893
Sweden - 0.7%
H&M Hennes & Mauritz AB (B Shares)	8,401		264,670
Intrum Justitia AB	1,200		13,799
Swedish Match Co.	3,700		87,400
Telefonaktiebolaget LM Ericsson (B Shares)	6,834		75,425
TOTAL SWEDEN			441,294
Switzerland - 6.6%
Actelion Ltd. (a)	1,928		77,986
Bank Sarasin & Co. Ltd. Series B (Reg.)	1,098		40,692
Credit Suisse Group sponsored ADR	2,700		122,499
Lonza Group AG	313		24,312
Nestle SA	19,934		985,647
Novartis AG sponsored ADR (d)	7,800		380,172
Roche Holding AG (participation certificate)	7,734		1,006,140
Sonova Holding AG Class B	2,815		341,622
The Swatch Group AG:
(Bearer)	620		192,033
(Reg.)	189		10,625
Transocean Ltd. (a)	2,620		121,070
UBS AG (a)	4,073		69,150
UBS AG (NY Shares) (a)	6,900		117,093
Zurich Financial Services AG	1,891		441,545
TOTAL SWITZERLAND			3,930,586
Taiwan - 1.3%
Advanced Semiconductor Engineering, Inc.	10,999		8,514
Advanced Semiconductor Engineering, Inc. sponsored ADR	9,899		37,517
Alpha Networks, Inc.	10,000		7,628
Asia Cement Corp.	38,000		37,658
AU Optronics Corp.	45,000		42,673
Chroma ATE, Inc.	5,150		10,352
Formosa Plastics Corp.	29,000		60,652
Fubon Financial Holding Co. Ltd.	52,000		63,887
Hon Hai Precision Industry Co. Ltd. (Foxconn)	16,838		67,905
HTC Corp.	6,300		115,808
Macronix International Co. Ltd.	84,000		56,066
Taishin Financial Holdings Co. Ltd. (a)	126,000		56,328
Taiwan Semiconductor Manufacturing Co. Ltd.	72,169		139,565
Common Stocks - continued
	Shares		Value
Taiwan - continued
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	2,310		$ 23,331
Wistron Corp.	31,510		50,928
TOTAL TAIWAN			778,812
Thailand - 0.3%
Advanced Info Service PCL (For. Reg.)	14,200		41,054
Banpu PCL unit	1,100		21,224
Siam Commercial Bank PCL (For. Reg.)	50,400		138,701
Total Access Communication PCL (For. Reg.)	200		292
TOTAL THAILAND			201,271
Turkey - 1.5%
Albaraka Turk Katilim Bankasi AS	19,000		32,774
Anadolu Efes Biracilik ve Malt Sanayiive Malt Sanayii SA	7,000		88,237
Asya Katilim Bankasi AS	52,000		129,715
Coca-Cola Icecek AS	14,900		155,198
Enka Insaat ve Sanayi AS	3,666		13,499
Tofas Turk Otomobil Fabrikasi AS	10,482		39,986
Tupras-Turkiye Petrol Rafinerileri AS	200		4,545
Turk Hava Yollari AO	16,714		48,347
Turkiye Garanti Bankasi AS	60,700		314,111
Turkiye Halk Bankasi AS	6,000		48,564
TOTAL TURKEY			874,976
United Arab Emirates - 0.0%
DP World Ltd.	51,902		25,172
United Kingdom - 15.4%
Aberdeen Asset Management PLC	27,018		59,495
Aegis Group PLC	44,539		81,870
AMEC PLC	1,055		14,445
Anglo American PLC (United Kingdom)	10,631		420,927
Babcock International Group PLC	18,000		156,401
BAE Systems PLC	51,500		252,334
Barclays PLC	46,033		238,305
Begbies Traynor Group PLC	9,400		10,173
Bellway PLC	6,828		62,059
BG Group PLC	28,288		453,208
BHP Billiton PLC ADR	13,800		849,252
BP PLC sponsored ADR	7,800		300,066
Britvic PLC	3,000		22,585
Carphone Warehouse Group PLC (a)	15,200		54,831
Centrica PLC	31,775		151,451
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Cobham PLC	23,900		$ 89,026
Dechra Pharmaceuticals PLC	1,300		8,462
Derwent London PLC	600		12,619
GlaxoSmithKline PLC sponsored ADR	5,800		203,986
Great Portland Estates PLC	3,972		18,770
H&T Group PLC	2,891		10,202
Hikma Pharmaceuticals PLC	4,256		47,794
HSBC Holdings PLC:
(United Kingdom)	23,789		241,800
sponsored ADR	6,951		355,057
Imperial Tobacco Group PLC	6,467		182,977
InterContinental Hotel Group PLC ADR	10,960		190,704
International Power PLC	9,989		56,087
Johnson Matthey PLC	6,092		161,570
Man Group PLC	18,077		61,609
Meggitt PLC	5,590		26,232
Micro Focus International PLC	1,800		11,668
Misys PLC (a)	11,200		44,284
Mothercare PLC	9,299		76,131
Persimmon PLC (a)	2,037		11,281
Prudential PLC	30,708		267,105
Reckitt Benckiser Group PLC	5,138		251,826
Rio Tinto PLC	7,896		408,468
Rio Tinto PLC sponsored ADR	6,660		345,787
Rotork PLC	600		14,210
Royal Dutch Shell PLC Class A sponsored ADR	15,000		831,300
Serco Group PLC	28,584		248,140
Shaftesbury PLC	19,033		119,405
Spectris PLC	1,649		23,393
Spirax-Sarco Engineering PLC	1,704		41,719
SSL International PLC	867		16,059
Standard Chartered PLC (United Kingdom)	14,063		406,279
Ted Baker PLC	2,175		18,199
Tesco PLC	52,183		319,723
Ultra Electronics Holdings PLC	800		20,251
Unite Group PLC (a)	29,402		87,478
Vedanta Resources PLC	4,000		153,139
Victrex PLC	5,318		101,757
Vodafone Group PLC sponsored ADR	18,200		427,336
Wolseley PLC (a)	4,563		102,912
Xstrata PLC	2,000		31,854
TOTAL UNITED KINGDOM			9,174,001
Common Stocks - continued
	Shares		Value
United States of America - 4.3%
Advanced Energy Industries, Inc. (a)	1,181		$ 20,797
Allergan, Inc.	1,600		97,696
Autoliv, Inc.	4,150		238,376
Berkshire Hathaway, Inc. Class B (a)	1,650		128,898
CTC Media, Inc.	1,100		19,833
Cymer, Inc. (a)	2,250		74,880
Dril-Quip, Inc. (a)	260		13,593
Evercore Partners, Inc. Class A	300		7,044
Freeport-McMoRan Copper & Gold, Inc.	500		35,770
ION Geophysical Corp. (a)	15,371		67,479
JPMorgan Chase & Co.	2,163		87,126
Juniper Networks, Inc. (a)	14,540		403,921
Kansas City Southern (a)	680		24,956
Lam Research Corp. (a)	197		8,311
Martin Marietta Materials, Inc.	670		57,218
Mead Johnson Nutrition Co. Class A	3,100		164,734
Mohawk Industries, Inc. (a)	2,970		145,322
Philip Morris International, Inc.	2,900		148,016
PriceSmart, Inc.	1,800		50,400
ResMed, Inc. (a)	2,130		139,920
Solutia, Inc. (a)	484		6,829
Union Pacific Corp.	2,100		156,807
Visa, Inc. Class A	6,100		447,435
TOTAL UNITED STATES OF AMERICA			2,545,361
TOTAL COMMON STOCKS (Cost $60,864,772)		57,803,935
Nonconvertible Preferred Stocks - 0.3%

Italy - 0.3%
Fiat SpA (Risparmio Shares)	7,800		62,979
Telecom Italia SpA (Risparmio Shares)	118,500		123,180
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $225,724)		186,159
Investment Companies - 0.5%

United States of America - 0.5%
iShares MSCI ACWI ex US Index ETF (Cost $285,682)	7,500		292,725
Money Market Funds - 1.3%
	Shares		Value
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c) (Cost $749,400)	749,400		$ 749,400
Cash Equivalents - 2.3%
	Maturity Amount
Investments in repurchase agreements in a joint trading account at 0.21%, dated 7/30/10 due 8/2/10 (Collateralized by U.S. Treasury Obligations) # (Cost $1,379,000)	$ 1,379,024		1,379,000
TOTAL INVESTMENT PORTFOLIO - 101.4% (Cost $63,504,578)			60,411,219
NET OTHER ASSETS (LIABILITIES) - (1.4)%			(813,220)
NET ASSETS - 100%		$ 59,597,999

Security Type Abbreviations
ETF	-	Exchange-Traded Fund

Legend

(a) Non-income producing

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

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

Repurchase Agreement / Counterparty	Value
$1,379,000 due 8/02/10 at 0.21%
BNP Paribas Securities Corp.	$ 305,327
Bank of America NA	192,656
Barclays Capital, Inc.	311,459
Credit Agricole Securities (USA) Inc.	64,219
Credit Suisse Securities (USA) LLC	82,565
Deutsche Bank Securities, Inc.	32,109
ING Financial Markets LLC	32,109
Mizuho Securities USA, Inc.	64,219
Morgan Stanley & Co., Inc.	64,219
RBC Capital Markets Corp.	63,149
RBS Securities, Inc.	64,219
Societe Generale, New York Branch	96,328
Wells Fargo Securities LLC	6,422
	$ 1,379,000

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	$ 17,235

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
United Kingdom	$ 9,174,001	$ 8,018,323	$ 1,155,678	$ -
Japan	7,028,988	6,073,050	955,938	-
Switzerland	3,930,586	3,861,436	69,150	-
France	3,450,165	3,371,372	78,793	-
Brazil	2,956,810	2,956,810	-	-
United States of America	2,545,361	2,545,361	-	-
Germany	2,437,750	2,437,750	-	-
Hong Kong	1,838,700	1,370,754	467,946	-
Australia	1,637,314	1,637,314	-	-
China	1,164,591	1,073,461	-	91,130
Other	21,825,828	20,337,776	1,488,052	-
Investment Companies	292,725	292,725	-	-
Money Market Funds	749,400	749,400	-	-
Cash Equivalents	1,379,000	-	1,379,000	-
Total Investments in Securities:	$ 60,411,219	$ 54,725,532	$ 5,594,557	$ 91,130

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

Investments in Securities:
Beginning Balance	$ 369
Total Realized Gain (Loss)	(17,660)
Total Unrealized Gain (Loss)	13,444
Cost of Purchases	54,839
Proceeds of Sales	(25,593)
Amortization/Accretion	-
Transfers in to Level 3	65,731
Transfers out of Level 3	-
Ending Balance	$ 91,130
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ (12,410)

Income Tax Information

At July 31, 2010, the cost of investment securities for income tax purposes was $64,295,446. Net unrealized depreciation aggregated $3,884,227, of which $4,530,491 related to appreciated investment securities and $8,414,718 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 and are categorized as Level 1 in the hierarchy. 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 or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in significant transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Quarterly Report

Quarterly Holdings Report

for

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

July 31, 2010

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

1.863099.102

ATIE-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.0%
	Shares		Value
Argentina - 0.1%
Banco Macro SA sponsored ADR	1,200		$ 45,564
Australia - 2.7%
CSL Ltd.	5,372		161,089
Intoll Group unit	44,010		58,539
Leighton Holdings Ltd.	6,781		180,944
Macquarie Group Ltd.	7,104		239,124
MAp Group unit	78,990		211,563
OZ Minerals Ltd. (a)	106,495		118,525
Wesfarmers Ltd.	4,254		119,673
Westfield Group unit	17,547		193,863
Woolworths Ltd.	11,977		279,496
Worleyparsons Ltd.	3,558		74,498
TOTAL AUSTRALIA			1,637,314
Austria - 0.3%
Andritz AG	2,190		137,365
Erste Bank AG	800		32,109
TOTAL AUSTRIA			169,474
Bailiwick of Guernsey - 0.1%
Resolution Ltd.	2,748		10,271
Resolution Ltd. rights 8/5/10 (a)	46,718		63,747
TOTAL BAILIWICK OF GUERNSEY			74,018
Bailiwick of Jersey - 1.1%
Heritage Oil PLC (a)	3,830		24,647
Informa PLC	43,557		268,067
Randgold Resources Ltd. sponsored ADR	2,000		179,760
United Business Media Ltd.	15,200		131,237
WPP PLC	7,668		81,502
TOTAL BAILIWICK OF JERSEY			685,213
Belgium - 1.3%
Anheuser-Busch InBev SA NV	11,985		634,745
Anheuser-Busch InBev SA NV (strip VVPR) (a)	6,080		24
Gimv NV	350		17,243
Umicore SA	4,200		141,669
TOTAL BELGIUM			793,681
Bermuda - 1.4%
Aquarius Platinum Ltd.:
(Australia)	10,343		44,361
(United Kingdom)	3,600		15,380
Common Stocks - continued
	Shares		Value
Bermuda - continued
CNPC (Hong Kong) Ltd.	40,000		$ 52,115
Great Eagle Holdings Ltd.	7,000		18,204
Lazard Ltd. Class A	2,600		77,142
Orient Overseas International Ltd. (a)	6,000		46,888
Seadrill Ltd. (d)	15,700		364,485
Trinity Ltd.	106,000		68,097
VimpelCom Ltd. ADR (a)	7,700		125,587
TOTAL BERMUDA			812,259
Brazil - 5.0%
Banco ABC Brasil SA	23,500		185,889
Banco Bradesco SA (PN) sponsored ADR	9,100		169,533
Banco Do Brasil SA	12,211		211,097
Banco Santander (Brasil) SA ADR	8,200		109,224
BM&F BOVESPA SA	24,600		181,860
BR Malls Participacoes SA	7,500		112,767
Braskem SA Class A sponsored ADR (d)	12,230		186,874
Centrais Eletricas Brasileiras SA (Electrobras):
(PN-B) sponsored ADR	2,300		35,995
sponsored ADR	2,100		27,468
Companhia Siderurgica Nacional SA (CSN) sponsored ADR	5,500		92,345
Cyrela Brazil Realty SA	5,300		74,233
Fibria Celulose SA sponsored ADR (a)	6,031		94,687
Fleury SA (a)	900		10,405
Gafisa SA sponsored ADR	2,930		44,360
Gerdau SA sponsored ADR	4,800		70,272
Iguatemi Empresa de Shopping Centers SA	3,100		61,630
Itau Unibanco Banco Multiplo SA:
ADR	6,927		155,096
ADR (e)	1,300		29,107
Localiza Rent A Car SA	2,400		33,096
Lojas Renner SA	1,200		40,275
MRV Engenharia e Participacoes SA	1,200		10,816
Multiplan Empreendimentos Imobiliarios SA	3,400		64,384
Natura Cosmeticos SA	700		18,311
Odontoprev SA	3,000		28,234
OGX Petroleo e Gas Participacoes SA (a)	7,700		81,094
PDG Realty SA Empreendimentos e Participacoes	4,100		43,390
Petroleo Brasileiro SA - Petrobras:
(ON) sponsored ADR	4,500		163,800
(PN) sponsored ADR (non-vtg.)	3,600		114,660
Tele Norte Leste Participacoes SA sponsored ADR (non-vtg.)	4,000		58,520
Common Stocks - continued
	Shares		Value
Brazil - continued
TIM Participacoes SA sponsored ADR (non-vtg.)	1,200		$ 34,236
Vale SA:
(PN-A) sponsored ADR (a)	11,000		266,530
sponsored ADR (a)	2,100		58,380
Vivo Participacoes SA sponsored ADR	3,300		88,242
TOTAL BRAZIL			2,956,810
Canada - 2.7%
Agnico-Eagle Mines Ltd. (Canada)	1,990		111,178
Eldorado Gold Corp.	3,700		60,110
Fairfax Financial Holdings Ltd. (sub. vtg.)	300		119,510
First Quantum Minerals Ltd.	600		37,601
Goldcorp, Inc.	1,400		54,886
Niko Resources Ltd.	2,560		276,135
Open Text Corp. (a)	3,900		154,376
Pacific Rubiales Energy Corp. (a)	400		9,596
Pan American Silver Corp.	2,400		55,104
Petrobank Energy & Resources Ltd. (a)	5,900		243,071
Power Corp. of Canada (sub. vtg.)	2,900		75,325
Quadra FNX Mining Ltd. (a)	600		7,267
Sherritt International Corp.	1,600		10,600
Sino-Forest Corp. (a)	1,400		21,559
Suncor Energy, Inc.	3,500		115,390
Toronto-Dominion Bank	3,300		234,864
Uranium One, Inc. (a)	10,500		28,498
TOTAL CANADA			1,615,070
Cayman Islands - 0.9%
3SBio, Inc. sponsored ADR (a)	600		9,030
China High Speed Transmission Equipment Group Co. Ltd.	26,000		59,448
China Lilang Ltd.	59,000		65,248
China Shanshui Cement Group Ltd.	43,000		23,140
Daphne International Holdings Ltd.	30,000		27,770
Eurasia Drilling Co. Ltd.:
GDR (e)	400		8,200
GDR (Reg. S)	1,900		38,950
Hengdeli Holdings Ltd.	254,000		116,413
Hidili Industry International Development Ltd.	33,000		29,824
Kingboard Chemical Holdings Ltd.	8,500		39,340
Kingboard Chemical Holdings Ltd. warrants 10/31/12 (a)	600		239
Shenguan Holdings Group Ltd.	10,000		9,115
Common Stocks - continued
	Shares		Value
Cayman Islands - continued
Vantage Drilling Co. (a)	5,500		$ 7,315
Wynn Macau Ltd.	52,200		88,843
TOTAL CAYMAN ISLANDS			522,875
Chile - 0.2%
Banco Santander Chile sponsored ADR	1,100		91,311
Enersis SA sponsored ADR	1,700		35,258
TOTAL CHILE			126,569
China - 2.0%
Agricultural Bank of China (H Shares)	20,000		9,012
Baidu.com, Inc. sponsored ADR (a)	2,000		162,820
China Hongxing Sports Ltd.	33,000		3,761
China Merchants Bank Co. Ltd. (H Shares)	87,383		233,434
China Nepstar Chain Drugstore Ltd. ADR	930		2,809
China Shenhua Energy Co. Ltd. (H Shares)	20,500		78,912
China Yurun Food Group Ltd.	11,000		36,112
Digital China Holdings Ltd. (H Shares)	9,000		14,599
Golden Eagle Retail Group Ltd. (H Shares)	17,000		40,402
Harbin Power Equipment Co. Ltd. (H Shares)	20,000		17,509
Industrial & Commercial Bank of China Ltd. (H Shares)	380,000		290,106
Minth Group Ltd.	16,000		24,018
Nine Dragons Paper (Holdings) Ltd.	52,000		75,515
Ping An Insurance Group Co. China Ltd. (H Shares)	11,000		91,130
Tencent Holdings Ltd.	2,200		42,400
Yantai Changyu Pioneer Wine Co. (B Shares)	4,000		42,052
TOTAL CHINA			1,164,591
Colombia - 0.0%
Ecopetrol SA ADR	500		17,060
Czech Republic - 0.1%
Komercni Banka AS	300		58,265
Denmark - 1.3%
Novo Nordisk AS:
Series B	948		81,128
Series B sponsored ADR	4,600		395,738
Vestas Wind Systems AS (a)	3,395		165,088
William Demant Holding AS (a)	1,810		132,655
TOTAL DENMARK			774,609
Egypt - 0.1%
Commercial International Bank Ltd. sponsored GDR	11,800		82,600
Common Stocks - continued
	Shares		Value
Finland - 0.8%
Metso Corp.	3,400		$ 134,094
Nokian Tyres PLC	5,902		165,617
Outotec OYJ	4,700		166,436
TOTAL FINLAND			466,147
France - 5.8%
Atos Origin SA (a)	1,272		54,627
Audika SA	1,000		26,276
AXA SA sponsored ADR	27,400		505,530
BNP Paribas SA	4,551		312,652
Carrefour SA	504		23,205
Christian Dior SA	700		75,871
Compagnie de St. Gobain	3,064		130,446
Credit Agricole SA	9,000		123,284
Danone	5,280		296,188
Laurent-Perrier Group	209		18,580
PPR SA	1,000		133,789
Remy Cointreau SA	2,019		110,364
Renault SA (a)	1,100		49,082
Safran SA	5,614		151,535
Saft Groupe SA	879		30,136
Sanofi-Aventis	756		43,955
Sanofi-Aventis sponsored ADR	7,500		218,550
Schneider Electric SA	815		94,007
Societe Generale Series A	6,510		375,326
Total SA	690		34,838
Total SA sponsored ADR	7,600		384,788
Unibail-Rodamco	1,242		245,080
Virbac SA	100		12,056
TOTAL FRANCE			3,450,165
Georgia - 0.0%
Bank of Georgia unit (a)	800		9,520
Germany - 4.1%
Allianz AG sponsored ADR	7,300		84,826
BASF AG	2,272		132,692
Bayerische Motoren Werke AG (BMW)	1,659		89,323
Bilfinger Berger AG	348		19,868
Colonia Real Estate AG (a)	1,279		7,151
CTS Eventim AG	331		16,903
Daimler AG (United States) (a)	4,400		237,820
Deutsche Boerse AG	1,500		105,024
Common Stocks - continued
	Shares		Value
Germany - continued
E.ON AG	17,959		$ 535,900
Fielmann AG	209		16,516
HeidelbergCement AG	1,900		95,699
Linde AG	2,399		281,250
MAN SE	1,171		108,713
Metro AG	1,600		88,826
Munich Re Group	1,488		206,157
Siemens AG sponsored ADR	4,000		389,560
Software AG (Bearer)	193		21,522
TOTAL GERMANY			2,437,750
Greece - 0.2%
Hellenic Telecommunications Organization SA	8,339		68,012
Public Power Corp. of Greece	3,600		57,290
Terna Energy SA	3,749		18,470
TOTAL GREECE			143,772
Hong Kong - 3.1%
China Agri-Industries Holding Ltd.	29,000		32,818
China Mobile (Hong Kong) Ltd.	22,000		223,566
China Resources Power Holdings Co. Ltd.	54,000		117,907
CNOOC Ltd.	145,000		244,380
CNOOC Ltd. sponsored ADR	260		43,789
Hang Lung Group Ltd.	10,000		58,706
Hong Kong Exchanges and Clearing Ltd.	16,500		271,265
Hutchison Whampoa Ltd.	18,000		118,880
Shanghai Industrial Holdings Ltd.	13,000		59,247
Swire Pacific Ltd. (A Shares)	32,500		394,979
Techtronic Industries Co. Ltd.	99,000		81,698
Texwinca Holdings Ltd.	16,000		16,376
Wharf Holdings Ltd.	32,000		175,089
TOTAL HONG KONG			1,838,700
Hungary - 0.1%
OTP Bank Ltd. (a)	2,800		67,263
India - 1.3%
Bank of Baroda	8,332		140,571
Bharat Heavy Electricals Ltd.	1,141		59,969
Housing Development Finance Corp. Ltd.	1,458		93,914
Idea Cellular Ltd. (a)	17,067		25,977
Infosys Technologies Ltd. sponsored ADR	1,900		114,912
Infrastructure Development Finance Co. Ltd.	7,177		28,771
Common Stocks - continued
	Shares		Value
India - continued
Jain Irrigation Systems Ltd.	1,802		$ 47,998
JSW Steel Ltd.	2,299		55,377
Jyothy Laboratories Ltd.	2,850		17,428
Reliance Industries Ltd.	2,192		47,713
Rural Electrification Corp. Ltd.	6,678		45,393
Tata Consultancy Services Ltd.	4,522		81,871
Tata Power Co. Ltd.	813		23,153
Ultratech Cement Ltd.	758		14,117
Unitech Ltd.	4,394		7,687
TOTAL INDIA			804,851
Indonesia - 1.3%
PT Astra International Tbk	16,000		90,738
PT Bank Negara Indonesia (Persero) Tbk	120,500		40,773
PT Bank Rakyat Indonesia Tbk	190,500		210,957
PT Delta Dunia Petroindo Tbk (a)	90,500		10,123
PT Gudang Garam Tbk	10,500		41,107
PT Indo Tambangraya Megah Tbk	6,000		25,168
PT Indocement Tunggal Prakarsa Tbk	32,500		61,437
PT Indofood Sukses Makmur Tbk	106,500		55,097
PT Indosat Tbk	29,500		16,004
PT Indosat Tbk sponsored ADR	600		16,188
PT Kalbe Farma Tbk	67,500		18,498
PT Perusahaan Gas Negara Tbk Series B	103,500		46,888
PT Semen Gresik Tbk	67,500		69,841
PT Tambang Batubbara Bukit Asam Tbk	6,000		11,208
PT XL Axiata Tbk (a)	70,500		37,458
TOTAL INDONESIA			751,485
Ireland - 0.6%
CRH PLC sponsored ADR	11,900		250,257
James Hardie Industries NV sponsored ADR (a)	4,195		122,704
TOTAL IRELAND			372,961
Israel - 0.2%
Partner Communications Co. Ltd. ADR	3,042		50,345
Teva Pharmaceutical Industries Ltd. sponsored ADR	1,400		68,390
TOTAL ISRAEL			118,735
Italy - 1.8%
Azimut Holdings SpA	16,607		166,448
Fiat SpA	13,000		166,555
Interpump Group SpA (a)	4,125		22,312
Common Stocks - continued
	Shares		Value
Italy - continued
Intesa Sanpaolo SpA	129,152		$ 427,559
Saipem SpA	3,010		108,277
UniCredit SpA	72,701		203,723
TOTAL ITALY			1,094,874
Japan - 11.8%
Aisin Seiki Co. Ltd.	3,100		86,624
Aozora Bank Ltd.	10,000		13,306
Asahi Co. Ltd.	500		7,434
Autobacs Seven Co. Ltd.	4,000		148,800
Credit Saison Co. Ltd.	5,300		67,335
Daikoku Denki Co. Ltd.	1,100		15,044
Daikokutenbussan Co. Ltd.	800		24,623
Denso Corp.	12,600		361,125
East Japan Railway Co.	6,800		438,253
Fanuc Ltd.	2,100		248,088
Fast Retailing Co. Ltd.	800		119,688
FCC Co. Ltd.	900		17,432
Fukuoka (REIT) Investment Fund	3		18,953
GCA Savvian Group Corp. (a)	14		14,255
Glory Ltd.	400		9,307
Goldcrest Co. Ltd.	370		7,561
Gunma Bank Ltd.	3,000		16,106
Honda Motor Co. Ltd.	4,500		142,324
Japan Retail Fund Investment Corp.	103		132,646
Japan Steel Works Ltd.	13,000		125,450
Japan Tobacco, Inc.	14		45,033
JSR Corp.	4,300		75,328
Kamigumi Co. Ltd.	2,000		15,690
Keyence Corp.	710		163,483
Kobayashi Pharmaceutical Co. Ltd.	3,900		164,484
Konica Minolta Holdings, Inc.	8,500		89,500
Kyoto Kimono Yuzen Co. Ltd.	900		8,956
Meiko Network Japan Co. Ltd.	900		6,394
Miraca Holdings, Inc.	4,200		124,992
Miraial Co. Ltd.	300		8,088
Mitsubishi UFJ Financial Group, Inc.	75,300		372,906
Mitsui & Co. Ltd.	35,000		448,713
MS&AD Insurance Group Holdings, Inc.	3,990		88,687
Nabtesco Corp.	1,000		15,829
Nachi-Fujikoshi Corp.	7,000		20,816
Nagaileben Co. Ltd.	300		7,328
Common Stocks - continued
	Shares		Value
Japan - continued
Nihon Parkerizing Co. Ltd.	1,000		$ 12,867
Nippon Electric Glass Co. Ltd.	15,000		191,091
Nippon Seiki Co. Ltd.	2,000		21,984
Nippon Telegraph & Telephone Corp.	1,400		58,208
Nippon Thompson Co. Ltd.	20,000		132,138
Nitto Kohki Co. Ltd.	300		6,665
Obic Co. Ltd.	610		115,118
ORIX Corp.	2,240		176,245
Osaka Securities Exchange Co. Ltd.	30		149,262
OSG Corp.	1,200		13,260
Promise Co. Ltd.	8,800		70,054
SAZABY, Inc.	400		6,017
Seven & i Holdings Co., Ltd.	3,000		71,820
Shiseido Co. Ltd.	7,200		161,120
SHO-BOND Holdings Co. Ltd.	3,500		74,677
Shoei Co. Ltd.	600		5,929
SOFTBANK CORP.	3,000		89,731
Sumitomo Corp.	21,400		227,309
Sumitomo Metal Industries Ltd.	45,000		108,823
Sumitomo Mitsui Financial Group, Inc.	6,200		191,972
The Daishi Bank Ltd., Niigata	3,000		10,379
The Nippon Synthetic Chemical Industry Co. Ltd.	1,000		6,098
THK Co. Ltd.	800		15,801
Toho Holdings Co. Ltd.	1,200		17,939
Tokio Marine Holdings, Inc.	3,500		95,817
Tokyo Electron Ltd.	800		42,951
Tokyo Gas Co., Ltd.	61,000		277,385
Toridoll Corp.	4		7,322
Toyota Motor Corp.	10,900		382,500
Tsumura & Co.	600		18,043
Tsutsumi Jewelry Co. Ltd.	400		9,303
USS Co. Ltd.	4,100		308,360
Xebio Co. Ltd.	1,800		35,698
Yamada Denki Co. Ltd.	1,400		94,602
Yamatake Corp.	600		15,329
Yamato Kogyo Co. Ltd.	5,600		136,590
TOTAL JAPAN			7,028,988
Kazakhstan - 0.1%
JSC Halyk Bank of Kazakhstan unit (a)	1,387		11,304
KazMunaiGas Exploration & Production JSC (Reg. S) GDR	1,300		25,428
TOTAL KAZAKHSTAN			36,732
Common Stocks - continued
	Shares		Value
Korea (South) - 2.7%
Amorepacific Corp.	51		$ 41,654
Busan Bank	1,450		15,631
CJ CheilJedang Corp.	224		44,791
CJ Corp.	760		47,550
Daegu Bank Co. Ltd.	490		6,318
Daelim Industrial Co.	563		31,893
Hanjin Heavy Industries & Consolidated Co. Ltd.	520		12,442
Honam Petrochemical Corp.	210		30,628
Hynix Semiconductor, Inc. (a)	2,500		47,559
Hyundai Mobis	414		71,581
Hyundai Motor Co.	1,043		131,395
Industrial Bank of Korea	5,120		67,747
Kia Motors Corp.	2,260		59,044
Korea Exchange Bank	3,360		34,516
KT Corp.	1,060		38,248
LG Display Co. Ltd.	1,370		41,890
LG Display Co. Ltd. sponsored ADR	1,300		19,981
LG Innotek Co. Ltd.	335		45,318
Lumens Co. Ltd. (a)	2,452		24,048
NCsoft Corp.	275		43,712
NHN Corp. (a)	1,297		201,774
Samsung Electronics Co. Ltd.	408		279,417
Shinhan Financial Group Co. Ltd.	4,980		204,473
Shinhan Financial Group Co. Ltd. sponsored ADR	300		24,819
Tong Yang Securities, Inc.	2,260		20,637
TOTAL KOREA (SOUTH)			1,587,066
Lebanon - 0.0%
BLOM Bank SAL GDR	50		4,645
Luxembourg - 0.7%
ArcelorMittal SA:
(Netherlands)	2,449		74,987
Class A unit	6,300		193,410
Evraz Group SA GDR (a)	1,900		50,635
GlobeOp Financial Services SA	2,300		10,281
Millicom International Cellular SA	500		46,610
Ternium SA sponsored ADR	1,300		46,475
TOTAL LUXEMBOURG			422,398
Malaysia - 0.1%
Axiata Group Bhd (a)	22,700		30,374
Common Stocks - continued
	Shares		Value
Malaysia - continued
RHB Capital BHD	5,200		$ 10,600
Top Glove Corp. Bhd	9,200		19,187
TOTAL MALAYSIA			60,161
Mexico - 0.9%
America Movil SAB de CV Series L sponsored ADR	3,500		173,635
Banco Compartamos SA de CV	5,100		30,745
Cemex SA de CV sponsored ADR	4,962		46,841
Genomma Lab Internacional SA de CV (a)	3,500		11,920
Grupo Aeroportuario del Pacifico SA de CV sponsored ADR	349		11,339
Grupo Financiero Banorte SAB de CV Series O	11,900		46,581
Wal-Mart de Mexico SA de CV Series V	96,500		224,128
TOTAL MEXICO			545,189
Netherlands - 2.1%
Aalberts Industries NV	1,500		22,356
ASM International NV unit (a)	7,035		178,970
ASML Holding NV	5,100		164,169
Gemalto NV	3,455		141,847
Heijmans NV unit (a)	710		11,253
ING Groep NV:
(Certificaten Van Aandelen) unit (a)	17,910		171,781
sponsored ADR (a)	13,800		132,756
Koninklijke Ahold NV	8,344		107,120
Koninklijke KPN NV	15,344		213,585
QIAGEN NV (a)	6,800		127,296
TOTAL NETHERLANDS			1,271,133
Nigeria - 0.1%
Guaranty Trust Bank PLC GDR (Reg. S)	5,225		34,276
Norway - 0.3%
Aker Solutions ASA	7,500		97,246
Det Norske Oljeselskap ASA (DNO) (A Shares) (a)	10,000		13,748
DnB NOR ASA	4,300		53,418
Sevan Marine ASA (a)	10,000		10,167
TOTAL NORWAY			174,579
Panama - 0.1%
Copa Holdings SA Class A	800		41,320
Common Stocks - continued
	Shares		Value
Papua New Guinea - 0.3%
Lihir Gold Ltd. sponsored ADR	4,400		$ 162,976
Oil Search Ltd.	1,312		6,933
TOTAL PAPUA NEW GUINEA			169,909
Peru - 0.2%
Compania de Minas Buenaventura SA sponsored ADR	2,600		100,386
Philippines - 0.0%
Jollibee Food Corp.	7,500		12,768
Megaworld Corp.	70,000		2,306
TOTAL PHILIPPINES			15,074
Poland - 0.1%
Bank Polska Kasa Opieki SA	1,100		58,665
Portugal - 0.4%
Energias de Portugal SA	48,067		158,061
Jeronimo Martins SGPS SA	9,625		105,188
TOTAL PORTUGAL			263,249
Russia - 1.8%
Cherkizovo Group OJSC GDR (a)	1,018		15,710
Gazprom Neft (a)	2,401		9,737
LSR Group OJSC GDR (Reg. S) (a)	1,100		10,010
Magnit OJSC GDR (Reg. S)	3,200		67,680
Mechel Steel Group OAO sponsored:
ADR	5,300		115,434
ADR (a)	700		5,215
Novorossiysk Commercial Sea Port JSC	27,200		4,245
Novorossiysk Commercial Sea Port JSC GDR (Reg. S)	200		2,370
OAO Gazprom sponsored ADR	7,467		161,287
OAO NOVATEK GDR	1,200		90,000
OAO Tatneft sponsored ADR	2,200		68,002
OJSC MMC Norilsk Nickel sponsored ADR (a)	5,784		94,164
OJSC Oil Company Rosneft GDR (Reg. S)	15,400		102,872
Polymetal JSC GDR (Reg. S) (a)	3,900		51,129
Protek (a)	3,069		12,033
RusHydro JSC sponsored ADR (a)	9,500		49,590
Sberbank (Savings Bank of the Russian Federation)	31,900		88,983
Sberbank (Savings Bank of the Russian Federation) GDR	150		44,184
Sistema JSFC sponsored GDR (a)	2,000		49,000
TGK-1 OAO (a)	9,507,900		6,187
TOTAL RUSSIA			1,047,832
Common Stocks - continued
	Shares		Value
Singapore - 1.5%
Allgreen Properties Ltd.	21,000		$ 18,067
City Developments Ltd.	7,000		62,284
DBS Group Holdings Ltd.	7,150		75,711
Keppel Land Ltd.	3,000		8,912
Singapore Exchange Ltd.	44,000		247,842
Straits Asia Resources Ltd.	20,000		30,443
United Overseas Bank Ltd.	17,943		262,040
Wing Tai Holdings Ltd.	58,000		76,770
Yanlord Land Group Ltd.	66,000		90,271
TOTAL SINGAPORE			872,340
South Africa - 2.5%
African Bank Investments Ltd.	12,000		55,112
African Rainbow Minerals Ltd.	9,763		228,941
AngloGold Ashanti Ltd.	1,400		56,796
AngloGold Ashanti Ltd. sponsored ADR	300		12,156
Aspen Pharmacare Holdings Ltd. (a)	4,300		48,044
Clicks Group Ltd.	36,929		183,017
FirstRand Ltd.	25,000		69,404
Foschini Ltd.	4,420		43,023
Illovo Sugar Ltd.	7,000		26,861
Impala Platinum Holdings Ltd.	1,700		46,027
Imperial Holdings Ltd.	3,267		43,198
JSE Ltd.	14,600		142,111
Mr. Price Group Ltd.	33,500		231,882
MTN Group Ltd.	2,100		33,669
Mvelaphanda Resources Ltd. (a)	6,922		41,489
Shoprite Holdings Ltd.	3,800		47,615
Standard Bank Group Ltd.	6,737		104,828
Woolworths Holdings Ltd.	14,667		52,259
TOTAL SOUTH AFRICA			1,466,432
Spain - 2.6%
Banco Bilbao Vizcaya Argentaria SA sponsored ADR (d)	7,759		104,359
Banco Santander SA	10,716		139,234
Banco Santander SA sponsored ADR	30,800		393,316
Gestevision Telecinco SA	2,300		26,362
Grifols SA	646		7,201
Iberdrola SA	38,042		268,487
Inditex SA	2,711		179,319
Common Stocks - continued
	Shares		Value
Spain - continued
Prosegur Compania de Seguridad SA (Reg.)	2,951		$ 145,117
Telefonica SA sponsored ADR	4,040		276,498
TOTAL SPAIN			1,539,893
Sweden - 0.7%
H&M Hennes & Mauritz AB (B Shares)	8,401		264,670
Intrum Justitia AB	1,200		13,799
Swedish Match Co.	3,700		87,400
Telefonaktiebolaget LM Ericsson (B Shares)	6,834		75,425
TOTAL SWEDEN			441,294
Switzerland - 6.6%
Actelion Ltd. (a)	1,928		77,986
Bank Sarasin & Co. Ltd. Series B (Reg.)	1,098		40,692
Credit Suisse Group sponsored ADR	2,700		122,499
Lonza Group AG	313		24,312
Nestle SA	19,934		985,647
Novartis AG sponsored ADR (d)	7,800		380,172
Roche Holding AG (participation certificate)	7,734		1,006,140
Sonova Holding AG Class B	2,815		341,622
The Swatch Group AG:
(Bearer)	620		192,033
(Reg.)	189		10,625
Transocean Ltd. (a)	2,620		121,070
UBS AG (a)	4,073		69,150
UBS AG (NY Shares) (a)	6,900		117,093
Zurich Financial Services AG	1,891		441,545
TOTAL SWITZERLAND			3,930,586
Taiwan - 1.3%
Advanced Semiconductor Engineering, Inc.	10,999		8,514
Advanced Semiconductor Engineering, Inc. sponsored ADR	9,899		37,517
Alpha Networks, Inc.	10,000		7,628
Asia Cement Corp.	38,000		37,658
AU Optronics Corp.	45,000		42,673
Chroma ATE, Inc.	5,150		10,352
Formosa Plastics Corp.	29,000		60,652
Fubon Financial Holding Co. Ltd.	52,000		63,887
Hon Hai Precision Industry Co. Ltd. (Foxconn)	16,838		67,905
HTC Corp.	6,300		115,808
Macronix International Co. Ltd.	84,000		56,066
Taishin Financial Holdings Co. Ltd. (a)	126,000		56,328
Taiwan Semiconductor Manufacturing Co. Ltd.	72,169		139,565
Common Stocks - continued
	Shares		Value
Taiwan - continued
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	2,310		$ 23,331
Wistron Corp.	31,510		50,928
TOTAL TAIWAN			778,812
Thailand - 0.3%
Advanced Info Service PCL (For. Reg.)	14,200		41,054
Banpu PCL unit	1,100		21,224
Siam Commercial Bank PCL (For. Reg.)	50,400		138,701
Total Access Communication PCL (For. Reg.)	200		292
TOTAL THAILAND			201,271
Turkey - 1.5%
Albaraka Turk Katilim Bankasi AS	19,000		32,774
Anadolu Efes Biracilik ve Malt Sanayiive Malt Sanayii SA	7,000		88,237
Asya Katilim Bankasi AS	52,000		129,715
Coca-Cola Icecek AS	14,900		155,198
Enka Insaat ve Sanayi AS	3,666		13,499
Tofas Turk Otomobil Fabrikasi AS	10,482		39,986
Tupras-Turkiye Petrol Rafinerileri AS	200		4,545
Turk Hava Yollari AO	16,714		48,347
Turkiye Garanti Bankasi AS	60,700		314,111
Turkiye Halk Bankasi AS	6,000		48,564
TOTAL TURKEY			874,976
United Arab Emirates - 0.0%
DP World Ltd.	51,902		25,172
United Kingdom - 15.4%
Aberdeen Asset Management PLC	27,018		59,495
Aegis Group PLC	44,539		81,870
AMEC PLC	1,055		14,445
Anglo American PLC (United Kingdom)	10,631		420,927
Babcock International Group PLC	18,000		156,401
BAE Systems PLC	51,500		252,334
Barclays PLC	46,033		238,305
Begbies Traynor Group PLC	9,400		10,173
Bellway PLC	6,828		62,059
BG Group PLC	28,288		453,208
BHP Billiton PLC ADR	13,800		849,252
BP PLC sponsored ADR	7,800		300,066
Britvic PLC	3,000		22,585
Carphone Warehouse Group PLC (a)	15,200		54,831
Centrica PLC	31,775		151,451
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Cobham PLC	23,900		$ 89,026
Dechra Pharmaceuticals PLC	1,300		8,462
Derwent London PLC	600		12,619
GlaxoSmithKline PLC sponsored ADR	5,800		203,986
Great Portland Estates PLC	3,972		18,770
H&T Group PLC	2,891		10,202
Hikma Pharmaceuticals PLC	4,256		47,794
HSBC Holdings PLC:
(United Kingdom)	23,789		241,800
sponsored ADR	6,951		355,057
Imperial Tobacco Group PLC	6,467		182,977
InterContinental Hotel Group PLC ADR	10,960		190,704
International Power PLC	9,989		56,087
Johnson Matthey PLC	6,092		161,570
Man Group PLC	18,077		61,609
Meggitt PLC	5,590		26,232
Micro Focus International PLC	1,800		11,668
Misys PLC (a)	11,200		44,284
Mothercare PLC	9,299		76,131
Persimmon PLC (a)	2,037		11,281
Prudential PLC	30,708		267,105
Reckitt Benckiser Group PLC	5,138		251,826
Rio Tinto PLC	7,896		408,468
Rio Tinto PLC sponsored ADR	6,660		345,787
Rotork PLC	600		14,210
Royal Dutch Shell PLC Class A sponsored ADR	15,000		831,300
Serco Group PLC	28,584		248,140
Shaftesbury PLC	19,033		119,405
Spectris PLC	1,649		23,393
Spirax-Sarco Engineering PLC	1,704		41,719
SSL International PLC	867		16,059
Standard Chartered PLC (United Kingdom)	14,063		406,279
Ted Baker PLC	2,175		18,199
Tesco PLC	52,183		319,723
Ultra Electronics Holdings PLC	800		20,251
Unite Group PLC (a)	29,402		87,478
Vedanta Resources PLC	4,000		153,139
Victrex PLC	5,318		101,757
Vodafone Group PLC sponsored ADR	18,200		427,336
Wolseley PLC (a)	4,563		102,912
Xstrata PLC	2,000		31,854
TOTAL UNITED KINGDOM			9,174,001
Common Stocks - continued
	Shares		Value
United States of America - 4.3%
Advanced Energy Industries, Inc. (a)	1,181		$ 20,797
Allergan, Inc.	1,600		97,696
Autoliv, Inc.	4,150		238,376
Berkshire Hathaway, Inc. Class B (a)	1,650		128,898
CTC Media, Inc.	1,100		19,833
Cymer, Inc. (a)	2,250		74,880
Dril-Quip, Inc. (a)	260		13,593
Evercore Partners, Inc. Class A	300		7,044
Freeport-McMoRan Copper & Gold, Inc.	500		35,770
ION Geophysical Corp. (a)	15,371		67,479
JPMorgan Chase & Co.	2,163		87,126
Juniper Networks, Inc. (a)	14,540		403,921
Kansas City Southern (a)	680		24,956
Lam Research Corp. (a)	197		8,311
Martin Marietta Materials, Inc.	670		57,218
Mead Johnson Nutrition Co. Class A	3,100		164,734
Mohawk Industries, Inc. (a)	2,970		145,322
Philip Morris International, Inc.	2,900		148,016
PriceSmart, Inc.	1,800		50,400
ResMed, Inc. (a)	2,130		139,920
Solutia, Inc. (a)	484		6,829
Union Pacific Corp.	2,100		156,807
Visa, Inc. Class A	6,100		447,435
TOTAL UNITED STATES OF AMERICA			2,545,361
TOTAL COMMON STOCKS (Cost $60,864,772)		57,803,935
Nonconvertible Preferred Stocks - 0.3%

Italy - 0.3%
Fiat SpA (Risparmio Shares)	7,800		62,979
Telecom Italia SpA (Risparmio Shares)	118,500		123,180
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $225,724)		186,159
Investment Companies - 0.5%

United States of America - 0.5%
iShares MSCI ACWI ex US Index ETF (Cost $285,682)	7,500		292,725
Money Market Funds - 1.3%
	Shares		Value
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c) (Cost $749,400)	749,400		$ 749,400
Cash Equivalents - 2.3%
	Maturity Amount
Investments in repurchase agreements in a joint trading account at 0.21%, dated 7/30/10 due 8/2/10 (Collateralized by U.S. Treasury Obligations) # (Cost $1,379,000)	$ 1,379,024		1,379,000
TOTAL INVESTMENT PORTFOLIO - 101.4% (Cost $63,504,578)			60,411,219
NET OTHER ASSETS (LIABILITIES) - (1.4)%			(813,220)
NET ASSETS - 100%		$ 59,597,999

Security Type Abbreviations
ETF	-	Exchange-Traded Fund

Legend

(a) Non-income producing

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

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

Repurchase Agreement / Counterparty	Value
$1,379,000 due 8/02/10 at 0.21%
BNP Paribas Securities Corp.	$ 305,327
Bank of America NA	192,656
Barclays Capital, Inc.	311,459
Credit Agricole Securities (USA) Inc.	64,219
Credit Suisse Securities (USA) LLC	82,565
Deutsche Bank Securities, Inc.	32,109
ING Financial Markets LLC	32,109
Mizuho Securities USA, Inc.	64,219
Morgan Stanley & Co., Inc.	64,219
RBC Capital Markets Corp.	63,149
RBS Securities, Inc.	64,219
Societe Generale, New York Branch	96,328
Wells Fargo Securities LLC	6,422
	$ 1,379,000

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	$ 17,235

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
United Kingdom	$ 9,174,001	$ 8,018,323	$ 1,155,678	$ -
Japan	7,028,988	6,073,050	955,938	-
Switzerland	3,930,586	3,861,436	69,150	-
France	3,450,165	3,371,372	78,793	-
Brazil	2,956,810	2,956,810	-	-
United States of America	2,545,361	2,545,361	-	-
Germany	2,437,750	2,437,750	-	-
Hong Kong	1,838,700	1,370,754	467,946	-
Australia	1,637,314	1,637,314	-	-
China	1,164,591	1,073,461	-	91,130
Other	21,825,828	20,337,776	1,488,052	-
Investment Companies	292,725	292,725	-	-
Money Market Funds	749,400	749,400	-	-
Cash Equivalents	1,379,000	-	1,379,000	-
Total Investments in Securities:	$ 60,411,219	$ 54,725,532	$ 5,594,557	$ 91,130

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

Investments in Securities:
Beginning Balance	$ 369
Total Realized Gain (Loss)	(17,660)
Total Unrealized Gain (Loss)	13,444
Cost of Purchases	54,839
Proceeds of Sales	(25,593)
Amortization/Accretion	-
Transfers in to Level 3	65,731
Transfers out of Level 3	-
Ending Balance	$ 91,130
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2010	$ (12,410)

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 and are categorized as Level 1 in the hierarchy. 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 or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in significant transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Quarterly Report

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

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

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Worldwide Fund

July 31, 2010

1.804829.106

WLD-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.2%
	Shares		Value
Australia - 1.4%
Australia & New Zealand Banking Group Ltd.	150,512		$ 3,139,198
Commonwealth Bank of Australia	71,798		3,414,635
JB Hi-Fi Ltd.	75,078		1,300,263
Macquarie Group Ltd.	78,951		2,657,524
Wesfarmers Ltd.	61,452		1,728,755
Westfield Group unit	128,519		1,419,906
TOTAL AUSTRALIA			13,660,281
Bailiwick of Jersey - 0.6%
Experian PLC	201,300		1,981,136
Informa PLC	317,547		1,954,312
Shire PLC	111,800		2,555,994
TOTAL BAILIWICK OF JERSEY			6,491,442
Belgium - 0.8%
Anheuser-Busch InBev SA NV	129,929		6,881,251
Delhaize Group SA	16,600		1,225,778
TOTAL BELGIUM			8,107,029
Bermuda - 0.6%
Huabao International Holdings Ltd.	1,652,000		2,131,064
Li & Fung Ltd.	258,000		1,182,465
Noble Group Ltd.	1,474,363		1,788,881
Signet Jewelers Ltd. (a)	23,500		699,595
TOTAL BERMUDA			5,802,005
British Virgin Islands - 0.1%
Playtech Ltd.	200,359		1,390,526
Canada - 1.2%
Dollarama, Inc.	31,500		786,313
Dollarama, Inc. (e)	39,800		993,500
InterOil Corp. (a)(d)	13,400		804,000
Keyera Facilities Income Fund	82,000		2,288,613
Niko Resources Ltd.	26,700		2,880,000
Open Text Corp. (a)	51,400		2,034,599
Petrobank Energy & Resources Ltd. (a)	46,800		1,928,090
TOTAL CANADA			11,715,115
Cayman Islands - 1.0%
Alibaba.com Ltd.	478,000		988,308
BaWang International (Group) Holding Ltd.	1,691,000		1,031,907
Belle International Holdings Ltd.	489,000		754,196
Bosideng International Holdings Ltd.	3,096,000		956,601
Ctrip.com International Ltd. sponsored ADR (a)	27,200		1,095,072
Eurasia Drilling Co. Ltd. GDR (e)	27,400		561,700
Hengdeli Holdings Ltd.	4,104,000		1,880,945
Herbalife Ltd.	31,000		1,538,840
Peak Sport Products Co. Ltd.	508,000		355,780
Shenguan Holdings Group Ltd.	608,000		554,186
TOTAL CAYMAN ISLANDS			9,717,535

	Shares		Value
China - 0.4%
Baidu.com, Inc. sponsored ADR (a)	27,000		$ 2,198,070
Comba Telecom Systems Holdings Ltd.	371,800		382,929
ZTE Corp. (H Shares)	521,376		1,668,000
TOTAL CHINA			4,248,999
Cyprus - 0.0%
Aisi Realty Public Ltd. (a)	1,232,268		50,830
Denmark - 1.3%
Carlsberg AS Series B	19,000		1,684,975
Novo Nordisk AS Series B	92,116		7,883,142
William Demant Holding AS (a)	53,200		3,899,038
TOTAL DENMARK			13,467,155
France - 4.2%
Atos Origin SA (a)	65,745		2,823,444
AXA SA	134,237		2,474,778
BNP Paribas SA	53,888		3,702,083
Carrefour SA	33,272		1,531,871
Compagnie Generale de Geophysique SA (a)	58,200		1,123,607
Danone	33,565		1,882,868
Essilor International SA	22,037		1,378,652
GDF Suez	48,600		1,614,608
Iliad Group SA	27,158		2,391,025
LVMH Moet Hennessy - Louis Vuitton	26,248		3,202,771
Pernod-Ricard SA	21,114		1,652,787
PPR SA	34,650		4,635,785
Sanofi-Aventis	66,705		3,878,321
Schneider Electric SA	32,066		3,698,700
Societe Generale Series A	64,751		3,733,134
Unibail-Rodamco	6,389		1,260,723
Vallourec SA	13,400		1,304,802
TOTAL FRANCE			42,289,959
Germany - 3.0%
BASF AG	32,908		1,921,930
Bayerische Motoren Werke AG (BMW)	100,009		5,384,623
Deutsche Bank AG	32,600		2,277,422
Deutsche Boerse AG	34,423		2,410,159
GEA Group AG	110,697		2,505,369
HeidelbergCement AG	68,666		3,458,566
Kabel Deutschland Holding AG	40,500		1,277,413
MAN SE	15,961		1,481,781
Metro AG	23,500		1,304,631
Munich Re Group	13,368		1,852,084
Siemens AG	59,514		5,801,279
TOTAL GERMANY			29,675,257
Greece - 0.1%
Coca-Cola Hellenic Bottling Co. SA	58,200		1,372,723
Hong Kong - 0.5%
BYD Electronic International Co. Ltd.	1,094,500		610,130
Common Stocks - continued
	Shares		Value
Hong Kong - continued
Henderson Land Development Co. Ltd.	203,000		$ 1,263,605
Techtronic Industries Co. Ltd.	3,575,500		2,950,622
TOTAL HONG KONG			4,824,357
India - 1.1%
Adani Enterprises Ltd.	108,277		1,362,887
Housing Development Finance Corp. Ltd.	16,323		1,051,416
IndusInd Bank Ltd.	112,500		495,378
Infrastructure Development Finance Co. Ltd.	329,354		1,320,327
Larsen & Toubro Ltd.	43,646		1,688,348
LIC Housing Finance Ltd.	55,600		1,362,161
Reliance Industries Ltd.	49,372		1,074,667
Rural Electrification Corp. Ltd.	149,130		1,013,702
State Bank of India	11,744		633,697
Titan Industries Ltd.	8,771		530,552
TOTAL INDIA			10,533,135
Indonesia - 0.2%
PT XL Axiata Tbk (a)	4,163,000		2,211,888
Ireland - 0.8%
Bank of Ireland (a)	582,300		630,446
CRH PLC	82,810		1,726,692
Ingersoll-Rand Co. Ltd.	39,200		1,468,432
James Hardie Industries NV unit (a)	299,330		1,763,225
Paddy Power PLC (Ireland)	53,800		1,954,952
TOTAL IRELAND			7,543,747
Israel - 0.4%
Israel Chemicals Ltd.	81,400		1,012,911
Teva Pharmaceutical Industries Ltd. sponsored ADR	56,400		2,755,140
TOTAL ISRAEL			3,768,051
Italy - 0.5%
Intesa Sanpaolo SpA	304,069		1,006,623
Prysmian SpA	75,500		1,277,270
Saipem SpA	89,340		3,213,780
TOTAL ITALY			5,497,673
Japan - 8.6%
ABC-Mart, Inc.	67,200		2,184,923
Asics Corp.	155,000		1,531,617
Canon, Inc.	89,550		3,877,578
Denso Corp.	86,400		2,476,283
Don Quijote Co. Ltd.	34,200		890,367
Fast Retailing Co. Ltd.	4,800		718,126
Goldcrest Co. Ltd.	23,480		479,788
GREE, Inc.	10,400		853,179
Honda Motor Co. Ltd.	94,600		2,991,959
JSR Corp.	126,300		2,212,533
Keyence Corp.	15,100		3,476,887
Konica Minolta Holdings, Inc.	188,500		1,984,784

	Shares		Value
Mazda Motor Corp.	1,124,000		$ 2,718,149
Misumi Group, Inc.	46,300		890,374
Mitsubishi Corp.	107,700		2,329,086
Mitsubishi UFJ Financial Group, Inc.	1,082,000		5,358,351
Mitsui & Co. Ltd.	120,900		1,549,982
Mizuho Financial Group, Inc.	1,079,300		1,748,989
NHK Spring Co. Ltd.	68,000		624,727
Nichi-iko Pharmaceutical Co. Ltd.	48,900		1,762,493
Nintendo Co. Ltd.	4,700		1,313,879
Nippon Electric Glass Co. Ltd.	102,000		1,299,416
Nitori Co. Ltd.	5,400		465,490
NSK Ltd.	307,000		2,184,611
Omron Corp.	182,800		4,407,928
ORIX Corp.	66,920		5,265,328
Rakuten, Inc.	4,389		3,361,895
Ricoh Co. Ltd.	219,000		3,033,185
Sawai Pharmaceutical Co. Ltd.	9,100		808,655
Shin-Etsu Chemical Co., Ltd.	37,100		1,848,024
SMC Corp.	19,400		2,567,961
SOFTBANK CORP.	185,000		5,533,410
Sony Corp.	68,100		2,129,800
Sony Financial Holdings, Inc.	381		1,382,048
Start Today Co. Ltd.	204		630,942
Sumitomo Mitsui Financial Group, Inc.	106,400		3,294,491
THK Co. Ltd.	70,200		1,386,536
Tokyo Electron Ltd.	31,000		1,664,333
Toyota Motor Corp.	73,300		2,572,224
TOTAL JAPAN			85,810,331
Korea (South) - 0.8%
Kia Motors Corp.	50,390		1,316,466
NCsoft Corp.	7,836		1,245,544
NHN Corp. (a)	6,568		1,021,781
Samsung Electronics Co. Ltd.	3,425		2,345,592
Shinhan Financial Group Co. Ltd.	56,700		2,328,036
TOTAL KOREA (SOUTH)			8,257,419
Luxembourg - 0.1%
Millicom International Cellular SA	15,000		1,398,300
Mexico - 0.4%
Grupo Modelo SAB de CV Series C	389,000		2,111,498
Wal-Mart de Mexico SA de CV Series V	831,200		1,930,519
TOTAL MEXICO			4,042,017
Netherlands - 1.7%
Aegon NV (a)	221,800		1,332,457
ASML Holding NV (Netherlands)	51,500		1,653,175
Gemalto NV	44,979		1,846,636
ING Groep NV (Certificaten Van Aandelen) unit (a)	149,900		1,437,745
Koninklijke Ahold NV	228,653		2,935,447
Koninklijke Philips Electronics NV	177,781		5,527,519
Common Stocks - continued
	Shares		Value
Netherlands - continued
Randstad Holdings NV (a)	10,195		$ 458,025
Wolters Kluwer NV (Certificaten Van Aandelen)	80,800		1,630,209
TOTAL NETHERLANDS			16,821,213
Norway - 0.6%
Aker Solutions ASA	102,200		1,325,142
DnB NOR ASA	195,400		2,427,419
Pronova BioPharma ASA (a)	319,600		784,069
Yara International ASA	33,200		1,251,799
TOTAL NORWAY			5,788,429
Singapore - 0.2%
K-Green Trust (a)	46,800		39,576
Keppel Corp. Ltd.	234,000		1,607,148
TOTAL SINGAPORE			1,646,724
South Africa - 1.0%
African Rainbow Minerals Ltd.	33,000		773,844
AngloGold Ashanti Ltd. sponsored ADR	32,800		1,329,056
Clicks Group Ltd.	467,480		2,316,796
Mr. Price Group Ltd.	201,100		1,391,983
Sanlam Ltd.	389,600		1,336,357
Standard Bank Group Ltd.	72,700		1,131,219
Woolworths Holdings Ltd.	542,336		1,932,374
TOTAL SOUTH AFRICA			10,211,629
Spain - 1.6%
Antena 3 Television SA	118,200		861,173
Banco Bilbao Vizcaya Argentaria SA	227,085		3,045,655
Banco Santander SA (d)	477,562		6,205,009
Inditex SA	21,397		1,415,305
Telefonica SA	197,595		4,475,295
TOTAL SPAIN			16,002,437
Sweden - 0.8%
Elekta AB (B Shares)	134,000		3,885,592
H&M Hennes & Mauritz AB (B Shares)	42,246		1,330,942
Modern Times Group MTG AB (B Shares)	32,200		2,019,080
Skandinaviska Enskilda Banken AB (A Shares)	87,000		598,924
TOTAL SWEDEN			7,834,538
Switzerland - 3.3%
Adecco SA (Reg.)	13,014		663,476
BB BIOTECH AG	1,094		58,820
Compagnie Financiere Richemont SA Series A	38,215		1,491,469
Credit Suisse Group (Reg.)	34,493		1,563,704
Kuehne & Nagel International AG	10,620		1,138,931
Nestle SA	173,042		8,556,155
Novartis AG	86,475		4,204,429
Partners Group Holding	9,538		1,346,153

	Shares		Value
Roche Holding AG (participation certificate)	16,273		$ 2,117,029
Sonova Holding AG Class B	29,611		3,593,520
Swiss Reinsurance Co.	46,828		2,157,177
The Swatch Group AG (Bearer)	4,320		1,338,037
UBS AG (a)	77,250		1,311,522
Zurich Financial Services AG	13,722		3,204,062
TOTAL SWITZERLAND			32,744,484
Taiwan - 0.4%
Hon Hai Precision Industry Co. Ltd. (Foxconn)	310,350		1,251,587
HTC Corp.	129,150		2,374,059
TOTAL TAIWAN			3,625,646
Thailand - 0.2%
Bangkok Bank Ltd. PCL (For. Reg.)	467,000		2,007,205
Turkey - 0.1%
Turkiye Garanti Bankasi AS	282,000		1,459,298
United Kingdom - 11.3%
Aberdeen Asset Management PLC	860,419		1,894,672
Aegis Group PLC	401,246		737,556
Anglo American PLC (United Kingdom)	74,318		2,942,566
AstraZeneca PLC (United Kingdom)	71,698		3,593,215
Barclays PLC	1,108,831		5,740,220
BG Group PLC	121,882		1,952,697
BHP Billiton PLC	295,216		9,039,481
BlueBay Asset Management	163,000		718,374
BP PLC	1,228,500		7,852,615
British American Tobacco PLC (United Kingdom)	123,900		4,260,726
British Land Co. PLC	128,755		932,556
Britvic PLC	226,600		1,705,917
Burberry Group PLC	132,500		1,748,746
Carphone Warehouse Group PLC (a)	832,979		3,004,822
Centrica PLC	482,100		2,297,866
Cookson Group PLC (a)	82,570		574,992
HSBC Holdings PLC (United Kingdom)	1,018,019		10,347,529
IG Group Holdings PLC	288,329		2,142,596
Imperial Tobacco Group PLC	122,107		3,454,888
InterContinental Hotel Group PLC	115,278		1,997,115
International Personal Finance PLC	517,515		1,969,924
Johnson Matthey PLC	40,610		1,077,044
Legal & General Group PLC	996,089		1,399,009
Lloyds TSB Group PLC (a)	2,775,954		2,994,704
Ocado Group PLC (a)(e)	898,900		2,354,424
Reckitt Benckiser Group PLC	77,341		3,790,676
Rio Tinto PLC	82,540		4,269,877
Royal Dutch Shell PLC Class B	351,820		9,290,396
SABMiller PLC	65,900		1,998,935
Schroders PLC	85,800		1,733,245
Serco Group PLC	255,261		2,215,945
Standard Chartered PLC (United Kingdom)	96,936		2,800,474
Common Stocks - continued
	Shares		Value
United Kingdom - continued
TalkTalk Telecom Group PLC (a)	1,214,758		$ 2,333,902
Ultra Electronics Holdings PLC	32,400		820,173
Vodafone Group PLC	1,708,600		3,982,028
Vodafone Group PLC sponsored ADR	47,212		1,108,538
Wolseley PLC (a)	75,760		1,708,660
TOTAL UNITED KINGDOM			112,787,103
United States of America - 47.9%
Abiomed, Inc. (a)	50,000		554,500
Amazon.com, Inc. (a)	19,800		2,334,222
American Express Co.	328,200		14,650,848
American Medical Systems Holdings, Inc. (a)	38,000		849,680
Amgen, Inc. (a)	43,000		2,344,790
Apple, Inc. (a)	89,600		23,049,600
Ardea Biosciences, Inc. (a)	25,400		506,730
AsiaInfo Holdings, Inc. (a)	39,100		797,640
Autoliv, Inc.	45,000		2,584,800
Baker Hughes, Inc.	17,000		820,590
Berkshire Hathaway, Inc. Class B (a)	150,000		11,718,000
BioMarin Pharmaceutical, Inc. (a)	124,000		2,709,400
C.H. Robinson Worldwide, Inc.	62,000		4,042,400
Capital One Financial Corp.	19,000		804,270
Caterpillar, Inc.	37,000		2,580,750
Central European Distribution Corp. (a)	30,000		782,100
Chevron Corp.	125,000		9,526,250
Cisco Systems, Inc. (a)	67,700		1,561,839
Citigroup, Inc. (a)	371,600		1,523,560
Citrix Systems, Inc. (a)	211,000		11,609,220
Cloud Peak Energy, Inc.	48,000		736,800
Cognizant Technology Solutions Corp. Class A (a)	159,000		8,675,040
Comerica, Inc.	326,000		12,505,360
Concur Technologies, Inc. (a)	61,000		2,823,080
CSX Corp.	158,000		8,329,760
Cummins, Inc.	268,000		21,335,480
Cyberonics, Inc. (a)	45,000		1,071,900
Delphi Financial Group, Inc. Class A	195,000		5,060,250
Dendreon Corp. (a)	14,000		460,740
Diamond Foods, Inc.	6,700		298,418
DigitalGlobe, Inc. (a)	32,000		872,320
Dr Pepper Snapple Group, Inc.	92,000		3,454,600
DSW, Inc. Class A (a)(d)	91,000		2,421,510
Eaton Corp.	21,000		1,647,660
eBay, Inc. (a)	376,000		7,862,160
Edwards Lifesciences Corp. (a)	205,000		11,849,000
EMC Corp. (a)	271,000		5,363,090
EnerSys (a)	38,000		920,360
Estee Lauder Companies, Inc. Class A	246,000		15,313,500
EXCO Resources, Inc.	132,000		1,915,320
Exxon Mobil Corp.	405,000		24,170,400
F5 Networks, Inc. (a)	17,000		1,493,110
Ford Motor Co. (a)	167,000		2,132,590

	Shares		Value
Forest Oil Corp. (a)	136,000		$ 3,888,240
Fossil, Inc. (a)	101,000		3,999,600
Freeport-McMoRan Copper & Gold, Inc.	65,000		4,650,100
G-III Apparel Group Ltd. (a)	88,600		2,285,880
General Electric Co.	713,000		11,493,560
Genworth Financial, Inc. Class A (a)	50,000		679,000
Gilead Sciences, Inc. (a)	13,000		433,160
ImmunoGen, Inc. (a)	45,523		429,282
Informatica Corp. (a)	4,200		126,546
iRobot Corp. (a)	166,543		3,390,815
J.B. Hunt Transport Services, Inc.	104,000		3,690,960
Jos. A. Bank Clothiers, Inc. (a)	127,000		7,452,360
Kulicke & Soffa Industries, Inc. (a)	142,000		954,240
Mako Surgical Corp. (a)(d)	155,200		1,702,544
MasterCard, Inc. Class A	9,000		1,890,360
Micromet, Inc. (a)	100,000		685,000
Micrus Endovascular Corp. (a)	90,000		2,093,400
MKS Instruments, Inc. (a)	43,000		922,780
Monolithic Power Systems, Inc. (a)	25,000		440,500
NetApp, Inc. (a)	67,000		2,834,100
Neurocrine Biosciences, Inc. (a)	24,740		140,523
Newmont Mining Corp.	92,000		5,142,800
NII Holdings, Inc. (a)	101,200		3,790,952
NuVasive, Inc. (a)	35,000		1,146,950
Occidental Petroleum Corp.	47,500		3,701,675
Oil States International, Inc. (a)	14,000		643,160
OpenTable, Inc. (a)(d)	29,000		1,296,300
Orthofix International NV (a)	18,000		545,040
PACCAR, Inc.	48,000		2,199,360
PDL BioPharma, Inc.	57,000		354,540
Perrigo Co.	183,000		10,249,830
Petrohawk Energy Corp. (a)	29,000		457,330
Phillips-Van Heusen Corp.	110,300		5,723,467
Polo Ralph Lauren Corp. Class A	64,000		5,056,640
Praxair, Inc.	29,000		2,517,780
Public Storage	44,000		4,317,280
QEP Resources, Inc. (a)	72,000		2,478,240
Questar Corp.	158,000		2,599,100
Red Hat, Inc. (a)	68,000		2,186,200
Regal-Beloit Corp.	128,650		7,825,780
Roper Industries, Inc.	13,000		812,500
Salesforce.com, Inc. (a)	22,000		2,176,900
Skechers U.S.A., Inc. Class A (sub. vtg.) (a)	30,000		1,112,700
Skyworks Solutions, Inc. (a)	539,000		9,448,670
Southwest Airlines Co.	339,000		4,084,950
Stericycle, Inc. (a)	27,000		1,701,000
Susser Holdings Corp. (a)	5,000		60,050
SVB Financial Group (a)	189,900		8,201,781
Symmetry Medical, Inc. (a)	129,000		1,255,170
Taleo Corp. Class A (a)	72,400		1,781,040
Targacept, Inc. (a)	26,000		562,380
Tempur-Pedic International, Inc. (a)	26,000		797,420
Common Stocks - continued
	Shares		Value
United States of America - continued
Tenneco, Inc. (a)	28,000		$ 772,800
Teradyne, Inc. (a)	1,248,000		13,428,480
Thoratec Corp. (a)	53,000		1,949,340
TIBCO Software, Inc. (a)	35,000		474,600
TJX Companies, Inc.	337,000		13,992,240
Ulta Salon, Cosmetics & Fragrance, Inc. (a)	36,100		911,886
Union Pacific Corp.	337,600		25,208,597
Viacom, Inc. Class B (non-vtg.)	47,100		1,556,184
Virgin Media, Inc.	135,900		2,925,927
VMware, Inc. Class A (a)	38,000		2,946,140
Volcano Corp. (a)	134,000		2,957,380
WebMD Health Corp. (a)	71,660		3,315,708
WMS Industries, Inc. (a)	229,000		8,818,790
Wright Medical Group, Inc. (a)	91,000		1,420,510
Wyndham Worldwide Corp.	472,370		12,059,606
ZIOPHARM Oncology, Inc. (a)	270,000		1,009,800
TOTAL UNITED STATES OF AMERICA			478,221,560
TOTAL COMMON STOCKS (Cost $918,112,744)		971,026,040
Nonconvertible Preferred Stocks - 0.2%

Germany - 0.1%
ProSiebenSat.1 Media AG	41,900		733,963
Italy - 0.1%
Intesa Sanpaolo SpA	347,700		904,084
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $2,714,451)		1,638,047
Money Market Funds - 3.7%
	Shares		Value
Fidelity Cash Central Fund, 0.24% (b)	28,657,611		$ 28,657,611
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	8,133,500		8,133,500
TOTAL MONEY MARKET FUNDS (Cost $36,791,111)		36,791,111

TOTAL INVESTMENT PORTFOLIO - 101.1%

(Cost $957,618,306)

1,009,455,198

NET OTHER ASSETS (LIABILITIES) - (1.1)%

(10,894,407)

NET ASSETS - 100%

$ 998,560,791

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	$ 27,054
Fidelity Securities Lending Cash Central Fund	245,006
Total	$ 272,060

Other Information

The following is a summary of the inputs used, as of July 31, 2010, involving the Fund's assets and liabilities carried at fair 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:
United States of America	$ 478,221,560	$ 478,221,560	$ -	$ -
United Kingdom	112,787,103	49,419,197	63,367,906	-
Japan	85,810,331	67,131,430	18,678,901	-
France	42,289,959	37,288,031	5,001,928	-
Switzerland	32,744,484	25,664,829	7,079,655	-
Germany	30,409,220	30,409,220	-	-
Netherlands	16,821,213	6,870,317	9,950,896	-
Spain	16,002,437	8,481,487	7,520,950	-
Australia	13,660,281	13,660,281	-	-
Other	143,917,499	124,129,570	19,787,929	-
Money Market Funds	36,791,111	36,791,111	-	-
Total Investments in Securities:	$ 1,009,455,198	$ 878,067,033	$ 131,388,165	$ -

Income Tax Information

At July 31, 2010, the cost of investment securities for income tax purposes was $969,551,425. Net unrealized appreciation aggregated $39,903,773, of which $100,768,455 related to appreciated investment securities and $60,864,682 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 and are categorized as Level 1 in the hierarchy. 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 or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in significant transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Quarterly Report

Quarterly Holdings Report

for

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

July 31, 2010

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

1.883452.101

AWLD-QTLY-0910

Investments July 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.2%
	Shares		Value
Australia - 1.4%
Australia & New Zealand Banking Group Ltd.	150,512		$ 3,139,198
Commonwealth Bank of Australia	71,798		3,414,635
JB Hi-Fi Ltd.	75,078		1,300,263
Macquarie Group Ltd.	78,951		2,657,524
Wesfarmers Ltd.	61,452		1,728,755
Westfield Group unit	128,519		1,419,906
TOTAL AUSTRALIA			13,660,281
Bailiwick of Jersey - 0.6%
Experian PLC	201,300		1,981,136
Informa PLC	317,547		1,954,312
Shire PLC	111,800		2,555,994
TOTAL BAILIWICK OF JERSEY			6,491,442
Belgium - 0.8%
Anheuser-Busch InBev SA NV	129,929		6,881,251
Delhaize Group SA	16,600		1,225,778
TOTAL BELGIUM			8,107,029
Bermuda - 0.6%
Huabao International Holdings Ltd.	1,652,000		2,131,064
Li & Fung Ltd.	258,000		1,182,465
Noble Group Ltd.	1,474,363		1,788,881
Signet Jewelers Ltd. (a)	23,500		699,595
TOTAL BERMUDA			5,802,005
British Virgin Islands - 0.1%
Playtech Ltd.	200,359		1,390,526
Canada - 1.2%
Dollarama, Inc.	31,500		786,313
Dollarama, Inc. (e)	39,800		993,500
InterOil Corp. (a)(d)	13,400		804,000
Keyera Facilities Income Fund	82,000		2,288,613
Niko Resources Ltd.	26,700		2,880,000
Open Text Corp. (a)	51,400		2,034,599
Petrobank Energy & Resources Ltd. (a)	46,800		1,928,090
TOTAL CANADA			11,715,115
Cayman Islands - 1.0%
Alibaba.com Ltd.	478,000		988,308
BaWang International (Group) Holding Ltd.	1,691,000		1,031,907
Belle International Holdings Ltd.	489,000		754,196
Bosideng International Holdings Ltd.	3,096,000		956,601
Ctrip.com International Ltd. sponsored ADR (a)	27,200		1,095,072
Eurasia Drilling Co. Ltd. GDR (e)	27,400		561,700
Hengdeli Holdings Ltd.	4,104,000		1,880,945
Herbalife Ltd.	31,000		1,538,840
Peak Sport Products Co. Ltd.	508,000		355,780
Shenguan Holdings Group Ltd.	608,000		554,186
TOTAL CAYMAN ISLANDS			9,717,535

	Shares		Value
China - 0.4%
Baidu.com, Inc. sponsored ADR (a)	27,000		$ 2,198,070
Comba Telecom Systems Holdings Ltd.	371,800		382,929
ZTE Corp. (H Shares)	521,376		1,668,000
TOTAL CHINA			4,248,999
Cyprus - 0.0%
Aisi Realty Public Ltd. (a)	1,232,268		50,830
Denmark - 1.3%
Carlsberg AS Series B	19,000		1,684,975
Novo Nordisk AS Series B	92,116		7,883,142
William Demant Holding AS (a)	53,200		3,899,038
TOTAL DENMARK			13,467,155
France - 4.2%
Atos Origin SA (a)	65,745		2,823,444
AXA SA	134,237		2,474,778
BNP Paribas SA	53,888		3,702,083
Carrefour SA	33,272		1,531,871
Compagnie Generale de Geophysique SA (a)	58,200		1,123,607
Danone	33,565		1,882,868
Essilor International SA	22,037		1,378,652
GDF Suez	48,600		1,614,608
Iliad Group SA	27,158		2,391,025
LVMH Moet Hennessy - Louis Vuitton	26,248		3,202,771
Pernod-Ricard SA	21,114		1,652,787
PPR SA	34,650		4,635,785
Sanofi-Aventis	66,705		3,878,321
Schneider Electric SA	32,066		3,698,700
Societe Generale Series A	64,751		3,733,134
Unibail-Rodamco	6,389		1,260,723
Vallourec SA	13,400		1,304,802
TOTAL FRANCE			42,289,959
Germany - 3.0%
BASF AG	32,908		1,921,930
Bayerische Motoren Werke AG (BMW)	100,009		5,384,623
Deutsche Bank AG	32,600		2,277,422
Deutsche Boerse AG	34,423		2,410,159
GEA Group AG	110,697		2,505,369
HeidelbergCement AG	68,666		3,458,566
Kabel Deutschland Holding AG	40,500		1,277,413
MAN SE	15,961		1,481,781
Metro AG	23,500		1,304,631
Munich Re Group	13,368		1,852,084
Siemens AG	59,514		5,801,279
TOTAL GERMANY			29,675,257
Greece - 0.1%
Coca-Cola Hellenic Bottling Co. SA	58,200		1,372,723
Hong Kong - 0.5%
BYD Electronic International Co. Ltd.	1,094,500		610,130
Common Stocks - continued
	Shares		Value
Hong Kong - continued
Henderson Land Development Co. Ltd.	203,000		$ 1,263,605
Techtronic Industries Co. Ltd.	3,575,500		2,950,622
TOTAL HONG KONG			4,824,357
India - 1.1%
Adani Enterprises Ltd.	108,277		1,362,887
Housing Development Finance Corp. Ltd.	16,323		1,051,416
IndusInd Bank Ltd.	112,500		495,378
Infrastructure Development Finance Co. Ltd.	329,354		1,320,327
Larsen & Toubro Ltd.	43,646		1,688,348
LIC Housing Finance Ltd.	55,600		1,362,161
Reliance Industries Ltd.	49,372		1,074,667
Rural Electrification Corp. Ltd.	149,130		1,013,702
State Bank of India	11,744		633,697
Titan Industries Ltd.	8,771		530,552
TOTAL INDIA			10,533,135
Indonesia - 0.2%
PT XL Axiata Tbk (a)	4,163,000		2,211,888
Ireland - 0.8%
Bank of Ireland (a)	582,300		630,446
CRH PLC	82,810		1,726,692
Ingersoll-Rand Co. Ltd.	39,200		1,468,432
James Hardie Industries NV unit (a)	299,330		1,763,225
Paddy Power PLC (Ireland)	53,800		1,954,952
TOTAL IRELAND			7,543,747
Israel - 0.4%
Israel Chemicals Ltd.	81,400		1,012,911
Teva Pharmaceutical Industries Ltd. sponsored ADR	56,400		2,755,140
TOTAL ISRAEL			3,768,051
Italy - 0.5%
Intesa Sanpaolo SpA	304,069		1,006,623
Prysmian SpA	75,500		1,277,270
Saipem SpA	89,340		3,213,780
TOTAL ITALY			5,497,673
Japan - 8.6%
ABC-Mart, Inc.	67,200		2,184,923
Asics Corp.	155,000		1,531,617
Canon, Inc.	89,550		3,877,578
Denso Corp.	86,400		2,476,283
Don Quijote Co. Ltd.	34,200		890,367
Fast Retailing Co. Ltd.	4,800		718,126
Goldcrest Co. Ltd.	23,480		479,788
GREE, Inc.	10,400		853,179
Honda Motor Co. Ltd.	94,600		2,991,959
JSR Corp.	126,300		2,212,533
Keyence Corp.	15,100		3,476,887
Konica Minolta Holdings, Inc.	188,500		1,984,784

	Shares		Value
Mazda Motor Corp.	1,124,000		$ 2,718,149
Misumi Group, Inc.	46,300		890,374
Mitsubishi Corp.	107,700		2,329,086
Mitsubishi UFJ Financial Group, Inc.	1,082,000		5,358,351
Mitsui & Co. Ltd.	120,900		1,549,982
Mizuho Financial Group, Inc.	1,079,300		1,748,989
NHK Spring Co. Ltd.	68,000		624,727
Nichi-iko Pharmaceutical Co. Ltd.	48,900		1,762,493
Nintendo Co. Ltd.	4,700		1,313,879
Nippon Electric Glass Co. Ltd.	102,000		1,299,416
Nitori Co. Ltd.	5,400		465,490
NSK Ltd.	307,000		2,184,611
Omron Corp.	182,800		4,407,928
ORIX Corp.	66,920		5,265,328
Rakuten, Inc.	4,389		3,361,895
Ricoh Co. Ltd.	219,000		3,033,185
Sawai Pharmaceutical Co. Ltd.	9,100		808,655
Shin-Etsu Chemical Co., Ltd.	37,100		1,848,024
SMC Corp.	19,400		2,567,961
SOFTBANK CORP.	185,000		5,533,410
Sony Corp.	68,100		2,129,800
Sony Financial Holdings, Inc.	381		1,382,048
Start Today Co. Ltd.	204		630,942
Sumitomo Mitsui Financial Group, Inc.	106,400		3,294,491
THK Co. Ltd.	70,200		1,386,536
Tokyo Electron Ltd.	31,000		1,664,333
Toyota Motor Corp.	73,300		2,572,224
TOTAL JAPAN			85,810,331
Korea (South) - 0.8%
Kia Motors Corp.	50,390		1,316,466
NCsoft Corp.	7,836		1,245,544
NHN Corp. (a)	6,568		1,021,781
Samsung Electronics Co. Ltd.	3,425		2,345,592
Shinhan Financial Group Co. Ltd.	56,700		2,328,036
TOTAL KOREA (SOUTH)			8,257,419
Luxembourg - 0.1%
Millicom International Cellular SA	15,000		1,398,300
Mexico - 0.4%
Grupo Modelo SAB de CV Series C	389,000		2,111,498
Wal-Mart de Mexico SA de CV Series V	831,200		1,930,519
TOTAL MEXICO			4,042,017
Netherlands - 1.7%
Aegon NV (a)	221,800		1,332,457
ASML Holding NV (Netherlands)	51,500		1,653,175
Gemalto NV	44,979		1,846,636
ING Groep NV (Certificaten Van Aandelen) unit (a)	149,900		1,437,745
Koninklijke Ahold NV	228,653		2,935,447
Koninklijke Philips Electronics NV	177,781		5,527,519
Common Stocks - continued
	Shares		Value
Netherlands - continued
Randstad Holdings NV (a)	10,195		$ 458,025
Wolters Kluwer NV (Certificaten Van Aandelen)	80,800		1,630,209
TOTAL NETHERLANDS			16,821,213
Norway - 0.6%
Aker Solutions ASA	102,200		1,325,142
DnB NOR ASA	195,400		2,427,419
Pronova BioPharma ASA (a)	319,600		784,069
Yara International ASA	33,200		1,251,799
TOTAL NORWAY			5,788,429
Singapore - 0.2%
K-Green Trust (a)	46,800		39,576
Keppel Corp. Ltd.	234,000		1,607,148
TOTAL SINGAPORE			1,646,724
South Africa - 1.0%
African Rainbow Minerals Ltd.	33,000		773,844
AngloGold Ashanti Ltd. sponsored ADR	32,800		1,329,056
Clicks Group Ltd.	467,480		2,316,796
Mr. Price Group Ltd.	201,100		1,391,983
Sanlam Ltd.	389,600		1,336,357
Standard Bank Group Ltd.	72,700		1,131,219
Woolworths Holdings Ltd.	542,336		1,932,374
TOTAL SOUTH AFRICA			10,211,629
Spain - 1.6%
Antena 3 Television SA	118,200		861,173
Banco Bilbao Vizcaya Argentaria SA	227,085		3,045,655
Banco Santander SA (d)	477,562		6,205,009
Inditex SA	21,397		1,415,305
Telefonica SA	197,595		4,475,295
TOTAL SPAIN			16,002,437
Sweden - 0.8%
Elekta AB (B Shares)	134,000		3,885,592
H&M Hennes & Mauritz AB (B Shares)	42,246		1,330,942
Modern Times Group MTG AB (B Shares)	32,200		2,019,080
Skandinaviska Enskilda Banken AB (A Shares)	87,000		598,924
TOTAL SWEDEN			7,834,538
Switzerland - 3.3%
Adecco SA (Reg.)	13,014		663,476
BB BIOTECH AG	1,094		58,820
Compagnie Financiere Richemont SA Series A	38,215		1,491,469
Credit Suisse Group (Reg.)	34,493		1,563,704
Kuehne & Nagel International AG	10,620		1,138,931
Nestle SA	173,042		8,556,155
Novartis AG	86,475		4,204,429
Partners Group Holding	9,538		1,346,153

	Shares		Value
Roche Holding AG (participation certificate)	16,273		$ 2,117,029
Sonova Holding AG Class B	29,611		3,593,520
Swiss Reinsurance Co.	46,828		2,157,177
The Swatch Group AG (Bearer)	4,320		1,338,037
UBS AG (a)	77,250		1,311,522
Zurich Financial Services AG	13,722		3,204,062
TOTAL SWITZERLAND			32,744,484
Taiwan - 0.4%
Hon Hai Precision Industry Co. Ltd. (Foxconn)	310,350		1,251,587
HTC Corp.	129,150		2,374,059
TOTAL TAIWAN			3,625,646
Thailand - 0.2%
Bangkok Bank Ltd. PCL (For. Reg.)	467,000		2,007,205
Turkey - 0.1%
Turkiye Garanti Bankasi AS	282,000		1,459,298
United Kingdom - 11.3%
Aberdeen Asset Management PLC	860,419		1,894,672
Aegis Group PLC	401,246		737,556
Anglo American PLC (United Kingdom)	74,318		2,942,566
AstraZeneca PLC (United Kingdom)	71,698		3,593,215
Barclays PLC	1,108,831		5,740,220
BG Group PLC	121,882		1,952,697
BHP Billiton PLC	295,216		9,039,481
BlueBay Asset Management	163,000		718,374
BP PLC	1,228,500		7,852,615
British American Tobacco PLC (United Kingdom)	123,900		4,260,726
British Land Co. PLC	128,755		932,556
Britvic PLC	226,600		1,705,917
Burberry Group PLC	132,500		1,748,746
Carphone Warehouse Group PLC (a)	832,979		3,004,822
Centrica PLC	482,100		2,297,866
Cookson Group PLC (a)	82,570		574,992
HSBC Holdings PLC (United Kingdom)	1,018,019		10,347,529
IG Group Holdings PLC	288,329		2,142,596
Imperial Tobacco Group PLC	122,107		3,454,888
InterContinental Hotel Group PLC	115,278		1,997,115
International Personal Finance PLC	517,515		1,969,924
Johnson Matthey PLC	40,610		1,077,044
Legal & General Group PLC	996,089		1,399,009
Lloyds TSB Group PLC (a)	2,775,954		2,994,704
Ocado Group PLC (a)(e)	898,900		2,354,424
Reckitt Benckiser Group PLC	77,341		3,790,676
Rio Tinto PLC	82,540		4,269,877
Royal Dutch Shell PLC Class B	351,820		9,290,396
SABMiller PLC	65,900		1,998,935
Schroders PLC	85,800		1,733,245
Serco Group PLC	255,261		2,215,945
Standard Chartered PLC (United Kingdom)	96,936		2,800,474
Common Stocks - continued
	Shares		Value
United Kingdom - continued
TalkTalk Telecom Group PLC (a)	1,214,758		$ 2,333,902
Ultra Electronics Holdings PLC	32,400		820,173
Vodafone Group PLC	1,708,600		3,982,028
Vodafone Group PLC sponsored ADR	47,212		1,108,538
Wolseley PLC (a)	75,760		1,708,660
TOTAL UNITED KINGDOM			112,787,103
United States of America - 47.9%
Abiomed, Inc. (a)	50,000		554,500
Amazon.com, Inc. (a)	19,800		2,334,222
American Express Co.	328,200		14,650,848
American Medical Systems Holdings, Inc. (a)	38,000		849,680
Amgen, Inc. (a)	43,000		2,344,790
Apple, Inc. (a)	89,600		23,049,600
Ardea Biosciences, Inc. (a)	25,400		506,730
AsiaInfo Holdings, Inc. (a)	39,100		797,640
Autoliv, Inc.	45,000		2,584,800
Baker Hughes, Inc.	17,000		820,590
Berkshire Hathaway, Inc. Class B (a)	150,000		11,718,000
BioMarin Pharmaceutical, Inc. (a)	124,000		2,709,400
C.H. Robinson Worldwide, Inc.	62,000		4,042,400
Capital One Financial Corp.	19,000		804,270
Caterpillar, Inc.	37,000		2,580,750
Central European Distribution Corp. (a)	30,000		782,100
Chevron Corp.	125,000		9,526,250
Cisco Systems, Inc. (a)	67,700		1,561,839
Citigroup, Inc. (a)	371,600		1,523,560
Citrix Systems, Inc. (a)	211,000		11,609,220
Cloud Peak Energy, Inc.	48,000		736,800
Cognizant Technology Solutions Corp. Class A (a)	159,000		8,675,040
Comerica, Inc.	326,000		12,505,360
Concur Technologies, Inc. (a)	61,000		2,823,080
CSX Corp.	158,000		8,329,760
Cummins, Inc.	268,000		21,335,480
Cyberonics, Inc. (a)	45,000		1,071,900
Delphi Financial Group, Inc. Class A	195,000		5,060,250
Dendreon Corp. (a)	14,000		460,740
Diamond Foods, Inc.	6,700		298,418
DigitalGlobe, Inc. (a)	32,000		872,320
Dr Pepper Snapple Group, Inc.	92,000		3,454,600
DSW, Inc. Class A (a)(d)	91,000		2,421,510
Eaton Corp.	21,000		1,647,660
eBay, Inc. (a)	376,000		7,862,160
Edwards Lifesciences Corp. (a)	205,000		11,849,000
EMC Corp. (a)	271,000		5,363,090
EnerSys (a)	38,000		920,360
Estee Lauder Companies, Inc. Class A	246,000		15,313,500
EXCO Resources, Inc.	132,000		1,915,320
Exxon Mobil Corp.	405,000		24,170,400
F5 Networks, Inc. (a)	17,000		1,493,110
Ford Motor Co. (a)	167,000		2,132,590

	Shares		Value
Forest Oil Corp. (a)	136,000		$ 3,888,240
Fossil, Inc. (a)	101,000		3,999,600
Freeport-McMoRan Copper & Gold, Inc.	65,000		4,650,100
G-III Apparel Group Ltd. (a)	88,600		2,285,880
General Electric Co.	713,000		11,493,560
Genworth Financial, Inc. Class A (a)	50,000		679,000
Gilead Sciences, Inc. (a)	13,000		433,160
ImmunoGen, Inc. (a)	45,523		429,282
Informatica Corp. (a)	4,200		126,546
iRobot Corp. (a)	166,543		3,390,815
J.B. Hunt Transport Services, Inc.	104,000		3,690,960
Jos. A. Bank Clothiers, Inc. (a)	127,000		7,452,360
Kulicke & Soffa Industries, Inc. (a)	142,000		954,240
Mako Surgical Corp. (a)(d)	155,200		1,702,544
MasterCard, Inc. Class A	9,000		1,890,360
Micromet, Inc. (a)	100,000		685,000
Micrus Endovascular Corp. (a)	90,000		2,093,400
MKS Instruments, Inc. (a)	43,000		922,780
Monolithic Power Systems, Inc. (a)	25,000		440,500
NetApp, Inc. (a)	67,000		2,834,100
Neurocrine Biosciences, Inc. (a)	24,740		140,523
Newmont Mining Corp.	92,000		5,142,800
NII Holdings, Inc. (a)	101,200		3,790,952
NuVasive, Inc. (a)	35,000		1,146,950
Occidental Petroleum Corp.	47,500		3,701,675
Oil States International, Inc. (a)	14,000		643,160
OpenTable, Inc. (a)(d)	29,000		1,296,300
Orthofix International NV (a)	18,000		545,040
PACCAR, Inc.	48,000		2,199,360
PDL BioPharma, Inc.	57,000		354,540
Perrigo Co.	183,000		10,249,830
Petrohawk Energy Corp. (a)	29,000		457,330
Phillips-Van Heusen Corp.	110,300		5,723,467
Polo Ralph Lauren Corp. Class A	64,000		5,056,640
Praxair, Inc.	29,000		2,517,780
Public Storage	44,000		4,317,280
QEP Resources, Inc. (a)	72,000		2,478,240
Questar Corp.	158,000		2,599,100
Red Hat, Inc. (a)	68,000		2,186,200
Regal-Beloit Corp.	128,650		7,825,780
Roper Industries, Inc.	13,000		812,500
Salesforce.com, Inc. (a)	22,000		2,176,900
Skechers U.S.A., Inc. Class A (sub. vtg.) (a)	30,000		1,112,700
Skyworks Solutions, Inc. (a)	539,000		9,448,670
Southwest Airlines Co.	339,000		4,084,950
Stericycle, Inc. (a)	27,000		1,701,000
Susser Holdings Corp. (a)	5,000		60,050
SVB Financial Group (a)	189,900		8,201,781
Symmetry Medical, Inc. (a)	129,000		1,255,170
Taleo Corp. Class A (a)	72,400		1,781,040
Targacept, Inc. (a)	26,000		562,380
Tempur-Pedic International, Inc. (a)	26,000		797,420
Common Stocks - continued
	Shares		Value
United States of America - continued
Tenneco, Inc. (a)	28,000		$ 772,800
Teradyne, Inc. (a)	1,248,000		13,428,480
Thoratec Corp. (a)	53,000		1,949,340
TIBCO Software, Inc. (a)	35,000		474,600
TJX Companies, Inc.	337,000		13,992,240
Ulta Salon, Cosmetics & Fragrance, Inc. (a)	36,100		911,886
Union Pacific Corp.	337,600		25,208,597
Viacom, Inc. Class B (non-vtg.)	47,100		1,556,184
Virgin Media, Inc.	135,900		2,925,927
VMware, Inc. Class A (a)	38,000		2,946,140
Volcano Corp. (a)	134,000		2,957,380
WebMD Health Corp. (a)	71,660		3,315,708
WMS Industries, Inc. (a)	229,000		8,818,790
Wright Medical Group, Inc. (a)	91,000		1,420,510
Wyndham Worldwide Corp.	472,370		12,059,606
ZIOPHARM Oncology, Inc. (a)	270,000		1,009,800
TOTAL UNITED STATES OF AMERICA			478,221,560
TOTAL COMMON STOCKS (Cost $918,112,744)		971,026,040
Nonconvertible Preferred Stocks - 0.2%

Germany - 0.1%
ProSiebenSat.1 Media AG	41,900		733,963
Italy - 0.1%
Intesa Sanpaolo SpA	347,700		904,084
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $2,714,451)		1,638,047
Money Market Funds - 3.7%
	Shares		Value
Fidelity Cash Central Fund, 0.24% (b)	28,657,611		$ 28,657,611
Fidelity Securities Lending Cash Central Fund, 0.27% (b)(c)	8,133,500		8,133,500
TOTAL MONEY MARKET FUNDS (Cost $36,791,111)		36,791,111

TOTAL INVESTMENT PORTFOLIO - 101.1%

(Cost $957,618,306)

1,009,455,198

NET OTHER ASSETS (LIABILITIES) - (1.1)%

(10,894,407)

NET ASSETS - 100%

$ 998,560,791

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	$ 27,054
Fidelity Securities Lending Cash Central Fund	245,006
Total	$ 272,060

Other Information

The following is a summary of the inputs used, as of July 31, 2010, involving the Fund's assets and liabilities carried at fair 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:
United States of America	$ 478,221,560	$ 478,221,560	$ -	$ -
United Kingdom	112,787,103	49,419,197	63,367,906	-
Japan	85,810,331	67,131,430	18,678,901	-
France	42,289,959	37,288,031	5,001,928	-
Switzerland	32,744,484	25,664,829	7,079,655	-
Germany	30,409,220	30,409,220	-	-
Netherlands	16,821,213	6,870,317	9,950,896	-
Spain	16,002,437	8,481,487	7,520,950	-
Australia	13,660,281	13,660,281	-	-
Other	143,917,499	124,129,570	19,787,929	-
Money Market Funds	36,791,111	36,791,111	-	-
Total Investments in Securities:	$ 1,009,455,198	$ 878,067,033	$ 131,388,165	$ -

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 and are categorized as Level 1 in the hierarchy. 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 or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in significant transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Quarterly Report

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

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

Quarterly Report

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, 2010

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, 2010
By:	/s/Christine Reynolds
	Christine Reynolds
	Chief Financial Officer

Date:	September 29, 2010