Supplement to
Fidelity Targeted International Equity Funds^®
December 29, 2007
Prospectus

Fidelity^® China Region Fund is composed of multiple classes of shares. References to the fund are deemed to include class where applicable.

Fidelity Emerging Markets Fund is composed of multiple classes of shares. References to the fund are deemed to include class where applicable.

After the close of business on Tuesday, December 30, 2008, shares of Japan Smaller Companies are available to new accounts. Accordingly, the first paragraph under the heading "Buying Shares" on page 26 and the eighth bullet under the heading "Selling Shares" on page 27 will no longer be applicable and will be removed from the prospectus.

The following information replaces the similar information found under the heading "Year-by-Year Returns" in the "Fund Summary" section on page 8.

China Region
Calendar Years	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007
	-5.34%	84.90%	-17.58%	-10.49%	-15.08%	45.49%	11.55%	14.46%	29.67%	46.26%

During the periods shown in the chart for China Region:	Returns	Quarter ended
Highest Quarter Return	38.17%	December 31, 1999
Lowest Quarter Return	-22.99%	June 30, 1998
Year-to-Date Return	-13.28%	March 31, 2008

Emerging Markets
Calendar Years	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007
	-26.56%	70.50%	-32.95%	-2.48%	-6.93%	48.80%	22.94%	44.31%	33.39%	45.06%

During the periods shown in the chart for Emerging Markets:	Returns	Quarter ended
Highest Quarter Return	33.41%	December 31, 1999
Lowest Quarter Return	-24.44%	September 30, 1998
Year-to-Date Return	-13.32%	March 31, 2008

<R>TIF-09-01 February 12, 2009
1.483702.162</R>

The following information replaces the similar information found under the heading "Average Annual Returns" in the "Fund Summary" section on page 12.

For the periods ended December 31, 2007	Past 1 year	Past 5 years	Past 10 years
China Region
Return Before Taxes	46.26%	28.64%	14.47%
Return After Taxes on Distributions	42.77%	27.75%	13.63%
Return After Taxes on Distributions and Sale of Fund Shares	33.46%	25.51%	12.64%
MSCI® Golden Dragon Index (reflects no deduction for fees, expenses, or taxes)	37.97%	29.24%	9.83%
Hang Seng Index (reflects no deduction for fees, expenses, or taxes)	42.72%	28.47%	13.33%
Fidelity® China Region Fund Linked Index (reflects no deduction for fees, expenses, or taxes)	37.79%	27.26%	13.56%
LipperSM China Region Funds Average (reflects no deduction for sales charges or taxes)	55.17%	36.15%	15.08%
Emerging Markets
Return Before Taxes	45.06%	38.56%	14.56%
Return After Taxes on Distributions	44.27%	38.42%	14.48%
Return After Taxes on Distributions and Sale of Fund Shares	30.73%	35.17%	13.26%
MSCI EM Index (reflects no deduction for fees, expenses, or taxes)	39.78%	37.46%	14.53%

Beginning January 1, 2009, Japan Smaller Companies' performance will be compared to the Russell/Nomura Mid-Small Cap^TM Index rather than the Russell/Nomura Small Cap^TM Index because the Russell/Nomura Mid-Small Cap Index conforms more closely to the fund's investment strategy. The Russell/Nomura Mid-Small Cap Index represents approximately the bottom 50% of the Russell/Nomura Total Market Index. It combines both the Russell/Nomura Midcap^TM Index and Russell/Nomura Small Cap Index.

The following information replaces the similar information found under the "Buying Shares" heading in the "Shareholder Information" section on page 26.

Effective the close of business on February 28, 2006, new positions in Japan Smaller Companies may no longer be opened. Shareholders of the fund on that date may continue to add to their fund positions existing on that date. Investors who did not own shares of the fund on February 28, 2006, generally will not be allowed to buy shares of the fund except that new fund positions may be opened: 1) by participants in most group employer retirement plans (and their successor plans) if the fund had been established as an investment option under the plans (or under another plan sponsored by the same employer) by February 28, 2006, 2) by participants in a 401(a) plan covered by a master record keeping services agreement between Fidelity and a national federation of employers that included the fund as a core investment option by February 28, 2006, 3) for accounts managed on a discretionary basis by certain registered investment advisers that have discretionary assets of at least $500 million invested in mutual funds and have included the fund in their discretionary account program since February 28, 2006, 4) by a mutual fund or a qualified tuition program for which FMR or an affiliate serves as investment manager, and 5) by a portfolio manager of the fund. These restrictions generally will apply to investments made directly with Fidelity and investments made through intermediaries. Investors may be required to demonstrate eligibility to buy shares of the fund before an investment is accepted.

The following information replaces the similar information found in the "Fund Management" section on page 30.

<R>FMR Co., Inc. (FMRC) serves as a sub-adviser for each fund. FMRC has day-to-day responsibility for choosing investments for Canada, Emerging Markets, Europe, and Europe Capital Appreciation. FMRC may provide investment advisory services for China Region, Japan, Japan Smaller Companies, Latin America, Nordic, Pacific Basin, and Southeast Asia.</R>

• <R>Fidelity Management & Research (U.K.) Inc. (FMR U.K.), at 10 Paternoster Square, London, EC4M 7DY, England, serves as a sub-adviser for each fund. As of December 31, 2007, FMR U.K. had approximately $16.6 billion in discretionary assets under management. Currently, FMR U.K. has day-to-day responsibility for choosing investments for Latin America. FMR U.K. may provide investment research and advice on issuers based outside the United States and may also provide investment advisory services for Canada, China Region, Emerging Markets, Europe, Europe Capital Appreciation, Japan, Japan Smaller Companies, Nordic, Pacific Basin, and Southeast Asia.</R>
• FIL Investment Advisors (U.K.) Ltd. (FIIA(U.K.)L), at Oakhill House, 130 Tonbridge Road, Hildenborough, TN11 9DZ, England, serves as a sub-adviser for each fund. As of June 30, 2008, FIIA(U.K.)L had approximately $10.9 billion in discretionary assets under management. Currently, FIIA(U.K.)L has day-to-day responsibility for choosing investments for Nordic. FIIA(U.K.)L may provide investment research and advice on issuers based outside the United States and may also provide investment advisory services for Canada, China Region, Emerging Markets, Europe, Europe Capital Appreciation, Japan, Japan Smaller Companies, Latin America, Pacific Basin, and Southeast Asia.

<R>The following information replaces the biographical information for Brent Bottamini found in the "Fund Management" section on page 30.</R>

<R>Adam J. Kutas is manager of Latin America, which he has managed since February 2009. Since joining Fidelity Investments in 1996, he has worked as a manager, research analyst and portfolio manager.</R>

The following information supplements the biographical information for Maxime LeMieux found in the "Fund Management" section on page 30.

Effective September 1, 2008, Maxime LeMieux, portfolio manager of Canada, has taken a leave of absence from Fidelity Investments. Mr. LeMieux is expected to return in the winter of 2009.

Also, effective September 1, 2008, Douglas Lober will handle the day to day management of Canada's portfolio during Mr. LeMieux's leave of absence. Mr. Lober joined Fidelity Investments in 1986 and worked as an equity research analyst until 1989. He rejoined Fidelity Investments in 1997 and has since worked as a research analyst and manager.

The following information replaces the biographical information for Allan Liu found in the "Fund Management" section on page 30.

Jessica Tan is manager of Southeast Asia, which she has managed since April 2008. Since joining Fidelity Investments in 2000, Ms. Tan has worked as an analyst and portfolio manager managing funds for investors outside the United States.

The following information supplements the information found in the "Fund Management" section on page 30.

Nicholas Price is co-manager of Japan Smaller Companies, which he has managed since October 2008. He also manages funds for Fidelity International Limited. Since joining Fidelity Investments in 1993, Mr. Price has worked as a Japanese equity research analyst and portfolio manager based in Tokyo.

The following information replaces the biographical information for Kenichi Mizushita found in the "Fund Management" section on page 30.

Kenichi Mizushita is co-manager of Japan Smaller Companies, which he has managed since December 1996. He also manages funds for Fidelity International Limited. Since joining Fidelity Investments in 1985, Mr. Mizushita has worked as a research analyst and portfolio manager.

Effective December 31, 2008, Mr. Price will be the sole manager of Japan Smaller Companies.

The following information replaces the biographical information for Trygve Toraasen found in the "Fund Management" section on page 31.

Ronald Port is manager of Nordic, which he has managed since November 2008. Since joining Fidelity Investments in 2002, Mr. Port has worked as a sector research analyst and portfolio manager.

Melissa Reilly is manager of Europe, which she has managed since November 2008. She also manages other Fidelity funds. Prior to joining Fidelity Investments in 2004, Ms. Reilly worked for Putnam Investments as a research analyst, senior vice president, and portfolio manager from 1999 until 2004.