-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JBodW8NWPchY26zHxkTRWtWqXctwrE+NgM/mbuO0xFI/8tr3Zhc6l8Zx4miYrVoE cYg0qScuCl29ozaStcu4HA== 0000917286-00-000003.txt : 20000105 0000917286-00-000003.hdr.sgml : 20000105 ACCESSION NUMBER: 0000917286-00-000003 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000104 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY INVESTMENT TRUST CENTRAL INDEX KEY: 0000744822 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 002-90649 FILM NUMBER: 500899 BUSINESS ADDRESS: STREET 1: 82 DEVONSHIRE ST CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6174391269 MAIL ADDRESS: STREET 1: 82 DEVONSHIRE STREET STREET 2: MAILZONE ZH-1 CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY OVERSEAS FUND DATE OF NAME CHANGE: 19861228 497 1 SUPPLEMENT TO FIDELITY'S TARGETED INTERNATIONAL EQUITY FUNDS FIDELITY FRANCE FUND, FIDELITY GERMANY FUND, AND FIDELITY UNITED KINGDOM FUND FUNDS OF FIDELITY INVESTMENT TRUST DECEMBER 29, 1999 STATEMENT OF ADDITIONAL INFORMATION THE FOLLOWING INFORMATION HAS BEEN REMOVED FROM THE "TRUSTEES AND OFFICERS" SECTION BEGINNING ON PAGE 28. E. BRADLEY JONES (71), Trustee. Prior to his retirement in 1984, Mr. Jones was Chairman and Chief Executive Officer of LTV Steel Company. He is a Director of TRW Inc. (automotive, space, defense, and information technology), CSX Corporation (freight transportation), Birmingham Steel Corporation (producer of steel and steel products), and RPM, Inc. (manufacturer of chemical products), and he previously served as a Director of NACCO Industries, Inc. (mining and manufacturing, 1985-1995), Hyster-Yale Materials Handling, Inc. (1985-1995), and Cleveland-Cliffs Inc (mining, 1985-1997), and as a Trustee of First Union Real Estate Investments (1986-1997). In addition, he serves as a Trustee of the Cleveland Clinic Foundation, where he has also been a member of the Executive Committee as well as Chairman of the Board and President, a Trustee of University School (Cleveland), and a Trustee of Cleveland Clinic Florida. THE FOLLOWING INFORMATION REPLACES THE SIMILAR INFORMATION FOUND IN THE "TRUSTEES AND OFFICERS" SECTION BEGINNING ON PAGE 28. NED C. LAUTENBACH (55), Trustee (2000), has been a partner of Clayton, Dubilier & Rice, Inc. (private equity investment firm) since September 1998. Mr. Lautenbach was Senior Vice President of IBM Corporation from 1992 until his retirement in July 1998. From 1993 to 1995 he was Chairman of IBM World Trade Corporation. He also was a member of IBM's Corporate Executive Committee from 1994 to July 1998. He is a Director of PPG Industries Inc. (glass, coating and chemical manufacturer), Dynatech Corporation (global communications equipment), Eaton Corporation (global manufacturer of highly engineered products) and ChoicePoint Inc. (data identification, retrieval, storage, and analysis). THE FOLLOWING INFORMATION SUPPLEMENTS THE INFORMATION FOUND IN THE "TRUSTEES AND OFFICERS" SECTION BEGINNING ON PAGE 28. MARIA F. DWYER (41), Deputy Treasurer (2000), is Deputy Treasurer of the Fidelity funds and is a Vice President (1999) and an employee (1996) of FMR. Prior to joining Fidelity, Ms. Dwyer served as Director of Compliance for MFS Investment Management. THE FOLLOWING INFORMATION REPLACES THE COMPENSATION TABLE FOUND IN THE "TRUSTEES AND OFFICERS" SECTION BEGINNING ON PAGE 28. The following table sets forth information describing the compensation of each Trustee and Member of the Advisory Board of each fund for his or her services for the fiscal year ended October 31, 1999, or calendar year ended December 31, 1998, as applicable. COMPENSATION TABLE
Trustees and Members of the Aggregate Compensation from Aggregate Compensation from Aggregate Compensation from Advisory Board France FundB Germany FundB United Kingdom FundB Edward C. Johnson 3d** $ 0 $ 0 $ 0 Abigail P. Johnson** $ 0 $ 0 $ 0 J. Gary Burkhead** $ 0 $ 0 $ 0 Ralph F. Cox $ 4 $ 8 $ 2 Phyllis Burke Davis $ 4 $ 7 $ 2 Robert M. Gates $ 4 $ 8 $ 2 E. Bradley Jones*** $ 4 $ 8 $ 2 Donald J. Kirk $ 4 $ 8 $ 2 Ned C. Lautenbach**** $ 0 $ 0 $ 0 Peter S. Lynch** $ 0 $ 0 $ 0 William O. McCoy $ 4 $ 8 $ 2 Gerald C. McDonough $ 5 $ 9 $ 3 Marvin L. Mann $ 4 $ 8 $ 2 Robert C. Pozen** $ 0 $ 0 $ 0 Thomas R. Williams $ 4 $ 8 $ 2
Trustees and Members of the Total Compensation from the Advisory Board Fund Complex*,A Edward C. Johnson 3d** $ 0 Abigail P. Johnson** $ 0 J. Gary Burkhead** $ 0 Ralph F. Cox $ 223,500 Phyllis Burke Davis $ 220,500 Robert M. Gates $ 223,500 E. Bradley Jones*** $ 222,000 Donald J. Kirk $ 226,500 Ned C. Lautenbach**** $ 0 Peter S. Lynch** $ 0 William O. McCoy $ 223,500 Gerald C. McDonough $ 273,500 Marvin L. Mann $ 220,500 Robert C. Pozen** $ 0 Thomas R. Williams $ 223,500
* Information is for the calendar year ended December 31, 1998 for 237 funds in the complex. ** Interested Trustees of the funds, Ms. Johnson and Mr. Burkhead are compensated by FMR. *** Mr. Jones served on the Board of Trustees through December 31, 1999. **** During the period from October 14, 1999 through December 31, 1999, Mr. Lautenbach served as a Member of the Advisory Board. Effective January 1, 2000. Mr. Lautenbach serves as a Member of the Board of Trustees. A Compensation figures include cash, amounts required to be deferred, and may include amounts deferred at the election of Trustees. For the calendar year ended December 31, 1998, the Trustees accrued required deferred compensation from the funds as follows: Ralph F. Cox, $75,000; Phyllis Burke Davis, $75,000; Robert M. Gates, $75,000; E. Bradley Jones, $75,000; Donald J. Kirk, $75,000; William O. McCoy, $75,000; Gerald C. McDonough, $87,500; Marvin L. Mann, $75,000; and Thomas R. Williams, $75,000. Certain of the non-interested Trustees elected voluntarily to defer a portion of their compensation as follows: Ralph F. Cox, $55,039; Marvin L. Mann, $55,039; Thomas R. Williams, $63,433; and William O. McCoy, $55,039. B Compensation figures include cash. SUPPLEMENT TO FIDELITY'S BROADLY DIVERSIFIED INTERNATIONAL EQUITY FUNDS FIDELITY INTERNATIONAL GROWTH & INCOME FUND, FIDELITY DIVERSIFIED INTERNATIONAL FUND, FIDELITY INTERNATIONAL VALUE FUND, FIDELITY OVERSEAS FUND AND FIDELITY WORLDWIDE FUND FUNDS OF FIDELITY INVESTMENT TRUST DECEMBER 29, 1999 STATEMENT OF ADDITIONAL INFORMATION THE FOLLOWING INFORMATION HAS BEEN REMOVED FROM THE "TRUSTEES AND OFFICERS" SECTION BEGINNING ON PAGE 34. E. BRADLEY JONES (71), Trustee. Prior to his retirement in 1984, Mr. Jones was Chairman and Chief Executive Officer of LTV Steel Company. He is a Director of TRW Inc. (automotive, space, defense, and information technology), CSX Corporation (freight transportation), Birmingham Steel Corporation (producer of steel and steel products), and RPM, Inc. (manufacturer of chemical products), and he previously served as a Director of NACCO Industries, Inc. (mining and manufacturing, 1985-1995), Hyster-Yale Materials Handling, Inc. (1985-1995), and Cleveland-Cliffs Inc (mining, 1985-1997), and as a Trustee of First Union Real Estate Investments (1986-1997). In addition, he serves as a Trustee of the Cleveland Clinic Foundation, where he has also been a member of the Executive Committee as well as Chairman of the Board and President, a Trustee of University School (Cleveland), and a Trustee of Cleveland Clinic Florida. THE FOLLOWING INFORMATION REPLACES THE SIMILAR INFORMATION FOUND IN THE "TRUSTEES AND OFFICERS" SECTION BEGINNING ON PAGE 34. NED C. LAUTENBACH (55), Trustee (2000), has been a partner of Clayton, Dubilier & Rice, Inc. (private equity investment firm) since September 1998. Mr. Lautenbach was Senior Vice President of IBM Corporation from 1992 until his retirement in July 1998. From 1993 to 1995 he was Chairman of IBM World Trade Corporation. He also was a member of IBM's Corporate Executive Committee from 1994 to July 1998. He is a Director of PPG Industries Inc. (glass, coating and chemical manufacturer), Dynatech Corporation (global communications equipment), Eaton Corporation (global manufacturer of highly engineered products) and ChoicePoint Inc. (data identification, retrieval, storage, and analysis). MARIA F. DWYER (41), Deputy Treasurer (2000), is Deputy Treasurer of the Fidelity funds and is a Vice President (1999) and an employee (1996) of FMR. Prior to joining Fidelity, Ms. Dwyer served as Director of Compliance for MFS Investment Management. THE FOLLOWING INFORMATION REPLACES THE COMPENSATION TABLE FOUND IN THE "TRUSTEES AND OFFICERS" SECTION BEGINNING ON PAGE 34. COMPENSATION TABLE
AGGREGATE COMPENSATION FROM A Edward C. Johnson 3d** Abigail P. Johnson ** J. Gary Burkhead** Ralph F. Cox FUND Global BalancedB $ 0 $ 0 $ 0 $ 29 International Growth & IncomeB $ 0 $ 0 $ 0 $ 260 Diversified InternationalB $ 0 $ 0 $ 0 $ 725 International ValueB $ 0 $ 0 $ 0 $ 128 OverseasB,C,D $ 0 $ 0 $ 0 $ 1,151 WorldwideB $ 0 $ 0 $ 0 $ 286 TOTAL COMPENSATION FROM THE $ 0 $ 0 $ 0 $ 223,500 FUND COMPLEX*,A
AGGREGATE COMPENSATION FROM A Phyllis Burke Davis Robert M. Gates E. Bradley Jones*** Donald J. Kirk Ned C. Lautenbach*** FUND Global BalancedB $ 28 $ 29 $ 29 $ 28 $ 2 International Growth & IncomeB $ 249 $ 258 $ 258 $ 256 $ 23 Diversified InternationalB $ 697 $ 721 $ 721 $ 716 $ 76 International ValueB $ 123 $ 127 $ 127 $ 126 $ 11 OverseasB,C,D $ 1,104 $ 1,142 $ 1,142 $ 1,134 $ 99 WorldwideB $ 275 $ 284 $ 284 $ 282 $ 22 TOTAL COMPENSATION FROM THE $220,500 $223,500 $222,000 $226,500 $ 0 FUND COMPLEX*,A
AGGREGATE COMPENSATION FROM A Peter S. Lynch ** William O. McCoy Gerald C. McDonough Marvin L. Mann Robert C. Pozen ** FUND Global BalancedB $ 0 $ 29 $ 35 $ 29 $ 0 International Growth & IncomeB $ 0 $ 258 $ 319 $ 258 $ 0 Diversified InternationalB $ 0 $ 721 $ 893 $ 721 $ 0 International ValueB $ 0 $ 127 $ 157 $ 127 $ 0 OverseasB,C,D $ 0 $ 1,142 $ 1,413 $ 1,142 $ 0 WorldwideB $ 0 $ 284 $ 351 $ 284 $ 0 TOTAL COMPENSATION FROM THE $ 0 $223,500 $273,500 $220,500 $ 0 FUND COMPLEX*,A
AGGREGATE COMPENSATION FROM A Thomas R. Williams FUND Global BalancedB $ 28 International Growth & IncomeB $ 253 Diversified InternationalB $ 706 International ValueB $ 125 OverseasB,C,D $ 1,119 WorldwideB $ 279 TOTAL COMPENSATION FROM THE $223,500 FUND COMPLEX*,A
* Information is for the calendar year ended December 31, 1998 for 237 funds in the complex. ** Interested Trustees of the funds, Ms. Johnson and Mr. Burkhead are compensated by FMR. *** During the period from October 14, 1999 through December 31, 1999, Mr. Lautenbach served as a Member of the Advisory Board. Effective January 1, 2000, Mr. Lautenbach serves as a Member of the Board of Trustees. **** Mr. Jones served on the Board of Trustees through December 31, 1999. SUPPLEMENT TO FIDELITY'S TARGETED INTERNATIONAL EQUITY FUNDS FIDELITY CANADA FUND, FIDELITY EMERGING MARKETS FUND, FIDELITY EUROPE FUND, FIDELITY EUROPE CAPITAL APPRECIATION FUND, FIDELITY HONG KONG AND CHINA FUND, FIDELITY JAPAN FUND, FIDELITY JAPAN SMALLER COMPANIES FUND (FORMERLY FIDELITY JAPAN SMALL COMPANIES FUND), FIDELITY LATIN AMERICA FUND, FIDELITY NORDIC FUND, FIDELITY PACIFIC BASIN FUND, AND FIDELITY SOUTHEAST ASIA FUND FUNDS OF FIDELITY INVESTMENT TRUST DECEMBER 29, 1999 STATEMENT OF ADDITIONAL INFORMATION THE FOLLOWING INFORMATION HAS BEEN REMOVED FROM THE "TRUSTEES AND OFFICERS" SECTION BEGINNING ON PAGE 47. E. BRADLEY JONES (71), Trustee. Prior to his retirement in 1984, Mr. Jones was Chairman and Chief Executive Officer of LTV Steel Company. He is a Director of TRW Inc. (automotive, space, defense, and information technology), CSX Corporation (freight transportation), Birmingham Steel Corporation (producer of steel and steel products), and RPM, Inc. (manufacturer of chemical products), and he previously served as a Director of NACCO Industries, Inc. (mining and manufacturing, 1985-1995), Hyster-Yale Materials Handling, Inc. (1985-1995), and Cleveland-Cliffs Inc (mining, 1985-1997), and as a Trustee of First Union Real Estate Investments (1986-1997). In addition, he serves as a Trustee of the Cleveland Clinic Foundation, where he has also been a member of the Executive Committee as well as Chairman of the Board and President, a Trustee of University School (Cleveland), and a Trustee of Cleveland Clinic Florida. THE FOLLOWING INFORMATION REPLACES THE SIMILAR INFORMATION FOUND IN THE "TRUSTEES AND OFFICERS" SECTION BEGINNING ON PAGE 47. NED C. LAUTENBACH (55), Trustee (2000), has been a partner of Clayton, Dubilier & Rice, Inc. (private equity investment firm) since September 1998. Mr. Lautenbach was Senior Vice President of IBM Corporation from 1992 until his retirement in July 1998. From 1993 to 1995 he was Chairman of IBM World Trade Corporation. He also was a member of IBM's Corporate Executive Committee from 1994 to July 1998. He is a Director of PPG Industries Inc. (glass, coating and chemical manufacturer), Dynatech Corporation (global communications equipment), Eaton Corporation (global manufacturer of highly engineered products) and ChoicePoint Inc. (data identification, retrieval, storage, and analysis). THE FOLLOWING INFORMATION SUPPLEMENTS THE INFORMATION FOUND IN THE "TRUSTEES AND OFFICERS" SECTION BEGINNING ON PAGE 47. MARIA F. DWYER (41), Deputy Treasurer (2000), is Deputy Treasurer of the Fidelity funds and is a Vice President (1999) and an employee (1996) of FMR. Prior to joining Fidelity, Ms. Dwyer served as Director of Compliance for MFS Investment Management. THE FOLLOWING INFORMATION REPLACES THE COMPENSATION TABLE FOUND IN THE "TRUSTEES AND OFFICERS" SECTION BEGINNING ON PAGE 47. The following table sets forth information describing the compensation of each Trustee and Member of the Advisory Board of each fund for his or her services for the fiscal year ended October 31, 1999, or calendar year ended December 31, 1998, as applicable. COMPENSATION TABLE
AGGREGATE COMPENSATION FROM A Edward C. Johnson 3d** Abigail P. Johnson ** J. Gary Burkhead** Ralph F. Cox FUND Canada Fund B $ 0 $ 0 $ 0 $ 14 Emerging Markets Fund B $ 0 $ 0 $ 0 $ 96 Europe Fund B $ 0 $ 0 $ 0 $ 445 Europe Capital Appreciation $ 0 $ 0 $ 0 $ 176 Fund B Hong Kong and China Fund B $ 0 $ 0 $ 0 $ 43 Japan Fund B $ 0 $ 0 $ 0 $ 116 Japan Smaller Companies Fund B $ 0 $ 0 $ 0 $ 147 Latin America FundB $ 0 $ 0 $ 0 $ 98 Nordic Fund B $ 0 $ 0 $ 0 $ 31 Pacific Basin Fund B $ 0 $ 0 $ 0 $ 91 Southeast Asia Fund B $ 0 $ 0 $ 0 $ 83 TOTAL COMPENSATION FROM THE $ 0 $ 0 $ 0 $223,500 FUND COMPLEX*,A
AGGREGATE COMPENSATION FROM A Phyllis Burke Davis Robert M. Gates E. Bradley Jones *** Donald J. Kirk FUND Canada Fund B $ 13 $ 14 $ 13 $ 13 Emerging Markets Fund B $ 93 $ 96 $ 96 $ 95 Europe Fund B $ 427 $ 441 $ 441 $ 438 Europe Capital Appreciation $ 169 $ 174 $ 174 $ 173 Fund B Hong Kong and China Fund B $ 41 $ 43 $ 43 $ 42 Japan Fund B $ 112 $ 116 $ 116 $ 115 Japan Smaller Companies Fund B $ 142 $ 146 $ 147 $ 146 Latin America FundB $ 94 $ 97 $ 97 $ 97 Nordic Fund B $ 30 $ 31 $ 31 $ 31 Pacific Basin Fund B $ 88 $ 91 $ 90 $ 90 Southeast Asia Fund B $ 80 $ 83 $ 82 $ 82 TOTAL COMPENSATION FROM THE $220,500 $ 223,500 $222,000 $226,500 FUND COMPLEX*,A
AGGREGATE COMPENSATION FROM A Ned C. Lautenbach **** Peter S. Lynch ** William O. McCoy Gerald C. McDonough Marvin L. Mann FUND Canada Fund B $ 1 $ 0 $ 14 $ 17 $ 14 Emerging Markets Fund B $ 10 $ 0 $ 96 $ 119 $ 96 Europe Fund B $ 31 $ 0 $ 441 $ 545 $ 441 Europe Capital Appreciation $ 11 $ 0 $ 174 $ 215 $ 174 Fund B Hong Kong and China Fund B $ 4 $ 0 $ 43 $ 53 $ 43 Japan Fund B $ 18 $ 0 $ 116 $ 144 $ 116 Japan Smaller Companies Fund B $ 40 $ 0 $ 146 $ 184 $ 146 Latin America FundB $ 7 $ 0 $ 97 $ 120 $ 97 Nordic Fund B $ 2 $ 0 $ 31 $ 38 $ 31 Pacific Basin Fund B $ 14 $ 0 $ 91 $ 113 $ 91 Southeast Asia Fund B $ 9 $ 0 $ 83 $ 103 $ 83 TOTAL COMPENSATION FROM THE $ 0 $ 0 $ 223,500 $ 273,500 $220,500 FUND COMPLEX*,A
AGGREGATE COMPENSATION FROM A Robert C. Pozen ** Thomas R. Williams FUND Canada Fund B $ 0 $ 13 Emerging Markets Fund B $ 0 $ 94 Europe Fund B $ 0 $ 433 Europe Capital Appreciation $ 0 $ 171 Fund B Hong Kong and China Fund B $ 0 $ 42 Japan Fund B $ 0 $ 114 Japan Smaller Companies Fund B $ 0 $ 143 Latin America FundB $ 0 $ 95 Nordic Fund B $ 0 $ 30 Pacific Basin Fund B $ 0 $ 89 Southeast Asia Fund B $ 0 $ 81 TOTAL COMPENSATION FROM THE $ 0 $223,500 FUND COMPLEX*,A
* Information is for the calendar year ended December 31, 1998 for 237 funds in the complex. ** Interested Trustees of the funds, Ms. Johnson and Mr. Burkhead are compensated by FMR. *** Mr. Jones served on the Board of Trustees through December 31, 1999. **** During the period from October 14, 1999 through December 31, 1999, Mr. Lautenbach served as a Member of the Advisory Board. Effective January 1, 2000, Mr. Lautenbach serves as a Member of the Board of Trustees. A Compensation figures include cash, amounts required to be deferred, and may include amounts deferred at the election of Trustees. For the calendar year ended December 31, 1998, the Trustees accrued required deferred compensation from the funds as follows: Ralph F. Cox, $75,000; Phyllis Burke Davis, $75,000; Robert M. Gates, $75,000; E. Bradley Jones, $75,000; Donald J. Kirk, $75,000; William O. McCoy, $75,000; Gerald C. McDonough, $87,500; Marvin L. Mann, $75,000; and Thomas R. Williams, $75,000. Certain of the non-interested Trustees elected voluntarily to defer a portion of their compensation as follows: Ralph F. Cox, $55,039; Marvin L. Mann, $55,039; Thomas R. Williams, $63,433; and William O. McCoy, $55,039. B Compensation figures include cash. -----END PRIVACY-ENHANCED MESSAGE-----