SUPPLEMENT TO THE

FIDELITY®INTERNATIONAL DISCOVERY FUND

(formerly Fidelity International Growth & Income Fund)

A Fund of Fidelity Investment Trust

STATEMENT OF ADDITIONAL INFORMATION

December 30, 2004

<R>Effective December 31, 2004, Mr. Cook no longer serves on the Board of Trustees. The following information has been removed
from the "Trustees and Officers" section beginning on page 18.</R>

|<R>J. Michael Cook (62)</R>
|---------------------------
|                           

<R>Effective December 31, 2004, Mr. Cox no longer serves on the Board of Trustees. The following information has been removed
from the "Trustees and Officers" section beginning on page 18.</R>

|<R>Ralph F. Cox (72)</R>
|------------------------
|                        

<R>Effective January 1, 2005, Mr. Dirks serves on the Board of Trustees. The following information replaces similar information
found in the "Trustees and Officers" section beginning on page 18.</R>

|<R>Dennis J. Dirks (57)</R>
|---------------------------
|                           

<R>IGIB-05-02		May 29, 2005
1.811494.101</R>

<R>The following information replaces similar information found in the "Trustees and Officers" section beginning on page
18.</R>

|<R>Robert M. Gates (61)</R>
|---------------------------
|                           

<R>Effective December 31, 2004, Mr. Kirk no longer serves on the Board of Trustees. The following information has been removed
from the "Trustees and Officers" section beginning on page 18.</R>

|<R>Donald J. Kirk (71)</R>
|--------------------------
|                          

<R>Effective January 1, 2005, Ms. Small serves on the Board of Trustees. The following information replaces similar information
found in the "Trustees and Officers" section beginning on page 18.</R>

|<R>Cornelia M. Small (60)</R>
|-----------------------------
|                             

<R>Effective January 1, 2005, Mr. Wolfe serves on the Board of Trustees. The following information replaces similar information
found in the "Trustees and Officers" section beginning on page 18.</R>

|<R>Kenneth L. Wolfe (66)</R>
|----------------------------
|                            

<R>The following information supplements the information found in the "Trustees and Officers" section beginning on page
18.</R>

|<R>Bryan A. Mehrmann (44)</R>
|-----------------------------
|                             

<R>The following information replaces similar information found in the "Trustees and Officers" section beginning on page
18.</R>

|<R>Kenneth B. Robins (35)</R>
|-----------------------------
|                             

<R>The following information has been removed from the "Trustees and Officers" section on page 23.</R>

|<R>Francis V. Knox, Jr. (57)</R>
|--------------------------------
|                                

<R>The following information has been removed from the "Trustees and Officers" section on page 24.</R>

|<R>Thomas J. Simpson (46)</R>
|-----------------------------
|                             

<R>The following information replaces similar information found in the "Distribution Services" section on page 40.</R>

<R>The fund has entered into a distribution agreement with FDC, an affiliate of FMR. The principal business address of FDC is
82 Devonshire Street, Boston, Massachusetts, 02109. FDC is a broker-dealer registered under the Securities Exchange Act of 1934
and a member of the National Association of Securities Dealers, Inc. The distribution agreement calls for FDC to use all reasonable
efforts, consistent with its other business, to secure purchasers for shares of the funds, which are continuously offered at NAV.
Promotional and administrative expenses in connection with the offer and sale of shares are paid by FMR. </R>

<R>During the fiscal years ended October 31, 2004, 2003, and 2002, FDC collected deferred sales charge revenue of $1,988,
$1,435, and $2,349, respectively, on redemptions of International Discovery shares and, of these amounts, retained $1,988, $1,425,
and $2,439, respectively.</R>

<R>The Trustees have approved a Distribution and Service Plan on behalf of International Discovery (the Plan) pursuant to Rule
12b-1 under the 1940 Act (the Rule). The Plan, as approved by the Trustees, allows International Discovery and FMR to incur certain
expenses that might be considered to constitute indirect payment by the fund of distribution expenses.</R>

<R>Under the Plan, if the payment of management fees by the fund to FMR is deemed to be indirect financing by the fund of the
distribution of its shares, such payment is authorized by the Plan. The Plan specifically recognizes that FMR may use its management
fee revenue, as well as its past profits or its other resources, to pay FDC for expenses incurred in connection with providing services
intended to result in the sale of International Discovery shares and/or shareholder support services. In addition, the Plan provides that
FMR, directly or through FDC, may pay significant amounts to intermediaries, including retirement plan sponsors, service-providers
and administrators, that provide those services. Currently, the Board of Trustees has authorized such payments for International
Discovery shares.</R>

<R>Prior to approving the Plan, the Trustees carefully considered all pertinent factors relating to the implementation of the Plan,
and determined that there is a reasonable likelihood that the Plan will benefit International Discovery and its shareholders. In
particular, the Trustees noted that the Plan does not authorize payments by International Discovery other than those made to FMR
under its management contract with the fund. To the extent that the Plan gives FMR and FDC greater flexibility in connection with the
distribution of International Discovery shares, additional sales of International Discovery shares or stabilization of cash flows may
result. Furthermore, certain shareholder support services may be provided more effectively under the Plan by local entities with whom
shareholders have other relationships.</R>

<R>FDC or an affiliate may compensate, or upon direction make payments for certain retirement plan expenses to, intermediaries,
including retirement plan sponsors, service-providers and administrators. A number of factors are considered in determining whether
to pay these additional amounts. Such factors may include, without limitation, the level or type of services provided by the
intermediary, the level or expected level of assets or sales of shares, and other factors. In addition to such payments, FDC or an affiliate
may offer other incentives such as sponsorship of educational or client seminars relating to current products and issues, payments or
reimbursements for travel and related expenses associated with due diligence trips that an intermediary may undertake in order to
explore possible business relationships with affiliates of FDC, and/or payments of costs and expenses associated with attendance at
seminars, including travel, lodging, entertainment and meals. Certain of the payments described above may be significant to an
intermediary. As permitted by SEC and the National Association of Securities Dealers rules, FDC or any affiliate may pay or allow
other incentives or payments to intermediaries.</R>

<R>The fund's transfer agent or an affiliate may also make payments and reimbursements to certain intermediaries, including
retirement plan sponsors, service providers and administrators, for providing recordkeeping and administrative services to plan participants
or for providing other services to retirement plans. Please see "Transfer and Service Agent Agreements" in this SAI for more
information.</R>

<R>FDC or an affiliate may also make payments to banks, broker-dealers and other service providers for distribution-related
activities and/or shareholder services. If you have purchased shares of the fund through an investment professional, please speak with
your investment professional to learn more about any payments his or her firm may receive from FMR, FDC and/or their affiliates, as
well as fees and/or commissions the investment professional charges. You should also consult disclosures made by your investment
professional at the time of purchase.</R>

<R>Any of the payments described in this section may represent a premium over payments made by other fund families.
Investment professionals may have an added incentive to recommend a fund over others offered by competing fund families, or
retirement plan sponsors may take these payments into account when deciding whether to include a fund as a plan investment
option.</R>

<R>The following information supplements that found in the "Transfer and Service Agent Agreements" section beginning on
page 40.</R>

<R>Many fund shares are owned by certain intermediaries for the benefit of their customers. Since the funds often do not maintain
an account for shareholders in those instances, some or all of the recordkeeping services for these accounts may be performed by third
parties. FSC or an affiliate may make payments to intermediaries for recordkeeping and other services.</R>

<R>Retirement plans may also hold fund shares in the name of the plan or its trustee, rather than the plan participant. In situations
where FSC or an affiliate does not provide recordkeeping services to a retirement plan, plan recordkeepers, who may have affiliated
financial intermediaries who sell shares of the funds, may, upon direction, be paid for providing recordkeeping services to plan
participants. Payments may also be made, upon direction, for other plan expenses. </R>

<R>In certain situations where FSC or an affiliate provides recordkeeping services to a retirement plan, payments may be made to
pay for plan expenses. The amount of such payments may be based on investments in particular Fidelity funds, or may be fixed for a
given period of time. Upon direction, payments may be made to plan sponsors, or at the direction of plan sponsors, third parties, for
expenses incurred in connection with the plan. </R>

The following information supplements that found in the Appendix section found on page 43.

On July 19, 2004, a class action complaint entitled Gilliam, et al. v. Fidelity Management & Research Co., FMR Co., Inc., FMR
Corp., Fidelity Distributors Corp., et al. was filed in the U.S. District Court for the District of Massachusetts alleging, among other
things, that the defendants failed to disclose revenue sharing and fund portfolio brokerage practices adequately in the prospectuses of
certain Fidelity funds. The complaint, which names over 200 Fidelity funds as nominal defendants, seeks unspecified damages. Four
additional lawsuits making similar allegations have been filed, and other similar cases may be filed in the future. Any recovery of
damages would revert to the funds. Fidelity believes these allegations are without merit and intends to defend them vigorously.



SUPPLEMENT TO THE

FIDELITY®INTERNATIONAL SMALL CAP

A Fund of Fidelity Investment Trust

STATEMENT OF ADDITIONAL INFORMATION

December 30, 2004

<R>Mr. Cook served as a Member of the Board of Trustees through December 31, 2004. The following information has been
removed from the "Trustees and Officers" section on page 19.</R>

|<R>J. Michael Cook (61)</R>
|---------------------------
|                           

<R>Mr. Cox served as a Member of the Board of Trustees through December 31, 2004. The following information has been
removed from the "Trustees and Officers" section on page 19.</R>

|<R>Ralph F. Cox (72)</R>
|------------------------
|                        

<R>During the period from July 1, 2004 through December 31, 2004, Mr. Dirks served as a Member of the Advisory Board .
Effective January 1, 2005, Mr. Dirks serves as a Member of the Board of Trustees. The following information replaces similar
information found in the "Trustees and Officers" section on page 21.</R>

|<R>Dennis J. Dirks (57)</R>
|---------------------------
|                           

ISCB-05-02		May 29, 2005
1.782429.105

<R>Effective January 1, 2005, Dr. Gates serves as Vice Chairman of the Independent Trustees. The following information
replaces similar information found in the "Trustees and Officers" section on page 19.</R>

|<R>Robert M. Gates (61)</R>
|---------------------------
|                           

<R>Mr. Kirk served as a Member of the Board of Trustees through December 31, 2004. The following information has been
removed from the "Trustees and Officers" section on page 20.</R>

|<R>Donald J. Kirk (71)</R>
|--------------------------
|                          

<R>During the period from January 1, 2004 through December 31, 2004, Ms. Small served as a Member of the Advisory Board.
Effective January 1, 2005, Ms. Small serves as a Member of the Board of Trustees. The following information replaces similar
information found in the "Trustees and Officers" section on page 21.</R>

|<R>Cornelia M. Small (60)</R>
|-----------------------------
|                             

<R>During the period from October 1, 2004 through December 31,2004, Mr. Wolfe served as a Member of the Advisory Board.
Effective January 1, 2005, Mr. Wolfe serves as Member of the Board of Trustees. The following information replaces similar
information found in the "Trustees and Officers" section on page 22.</R>

|<R>Kenneth L. Wolfe (66)</R>
|----------------------------
|                            

<R>The following information supplements information found in the "Trustees and Officers" section beginning on page 18.</R>

|<R>Bryan A. Mehrmann (44)</R>
|-----------------------------
|                             

<R>The following information has been removed from the "Trustees and Officers" section on page 23.</R>

|<R>Francis V. Knox, Jr. (57)</R>
|--------------------------------
|                                
|<R>Thomas J. Simpson (46)</R>   
|                                

<R>The following information replaces similar information found in the "Trustees and Officers" section beginning on page
18.</R>

|<R>Kenneth B. Robins (35)</R>
|-----------------------------
|                             

<R>The following information replaces similar information found in the "Distribution Services" section on page 39.</R>

<R>The fund has entered into a distribution agreement with FDC, an affiliate of FMR. The principal business address of FDC is 82
Devonshire Street, Boston, Massachusetts 02109. FDC is a broker-dealer registered under the Securities Exchange Act of 1934 and a
member of the National Association of Securities Dealers, Inc. The distribution agreement calls for FDC to use all reasonable efforts,
consistent with its other business, to secure purchasers for shares of the fund, which are continuously offered at NAV. Promotional and
administrative expenses in connection with the offer and sale of shares are paid by FMR.</R>

<R>The Trustees have approved a Distribution and Service Plan on behalf International Small Cap (the Plan) pursuant to Rule 12b-1
under the 1940 Act (the Rule). The Plan, as approved by the Trustees, allows International Small Cap and FMR to incur certain expenses
that might be considered to constitute indirect payment by the funds of distribution expenses.</R>

<R>Under the Plan, if the payment of management fees by the fund to FMR is deemed to be indirect financing by the fund of the
distribution of its shares, such payment is authorized by the Plan. The Plan specifically recognizes that FMR may use its management fee
revenue, as well as its past profits or its other resources, to pay FDC for expenses incurred in connection with providing services intended to
result in the sale of International Small Cap shares and/or shareholder support services. In addition, the Plan provides that FMR, directly or
through FDC, may pay significant amounts to intermediaries, including retirement plan sponsors, service-providers and administrators, that
provide those services. Currently, the Board of Trustees has authorized such payments for International Small Cap shares.</R>

<R>Prior to approving the Plan, the Trustees carefully considered all pertinent factors relating to the implementation of the Plan, and
determined that there is a reasonable likelihood that the Plan will benefit International Small Cap and its shareholders. In particular, the
Trustees noted that the Plan does not authorize payments by International Small Cap other than those made to FMR under its management
contract with the fund. To the extent that the Plan gives FMR and FDC greater flexibility in connection with the distribution of International
Small Cap shares, additional sales of International Small Cap shares or stabilization of cash flows may result. Furthermore, certain
shareholder support services may be provided more effectively under the Plans by local entities with whom shareholders have other
relationships.</R>

<R>FDC or an affiliate may compensate, or upon direction make payments for certain retirement plan expenses to, intermediaries,
including retirement plan sponsors, service-providers and administrators. A number of factors are considered in determining whether to pay
these additional amounts. Such factors may include, without limitation, the level or type of services provided by the intermediary, the level
or expected level of assets or sales of shares, and other factors. In addition to such payments, FDC or an affiliate may offer other incentives
such as sponsorship of educational or client seminars relating to current products and issues, payments or reimbursements for travel and
related expenses associated with due diligence trips that an intermediary may undertake in order to explore possible business relationships
with affiliates of FDC, and/or payments of costs and expenses associated with attendance at seminars, including travel, lodging,
entertainment and meals. Certain of the payments described above may be significant to an intermediary. As permitted by SEC and the
National Association of Securities Dealers rules, FDC or any affiliate may pay or allow other incentives or payments to intermediaries.</R>

<R>The fund's transfer agent or an affiliate may also make payments and reimbursements to certain intermediaries, including
retirement plan sponsors, service providers and administrators, for providing recordkeeping and administrative services to plan
participants or for providing other services to retirement plans. Please see "Transfer and Service Agent Agreements" in this SAI for more
information.</R>

<R>FDC or an affiliate may also make payments to banks, broker-dealers and other service providers for distribution-related
activities and/or shareholder services. If you have purchased shares of a fund through an investment professional, please speak with your
investment professional to learn more about any payments his or her firm may receive from FMR, FDC and/or their affiliates, as well as
fees and/or commissions the investment professional charges. You should also consult disclosures made by your investment professional
at the time of purchase.</R>

<R>Any of the payments described in this section may represent a premium over payments made by other fund families. Investment
professionals may have an added incentive to recommend a fund over others offered by competing fund families, or retirement plan
sponsors may take these payments into account when deciding whether to include a fund as a plan investment option.</R>

<R>The following information supplements that found in the "Transfer and Service Agent Agreements" section beginning on
page 39.</R>

<R>Many fund shares are owned by certain intermediaries for the benefit of their customers. Since the funds often do not maintain an
account for shareholders in those instances, some or all of the recordkeeping services for these accounts may be performed by third
parties. FSC or an affiliate may make payments to intermediaries for recordkeeping and other services.</R>

<R>Retirement plans may also hold fund shares in the name of the plan or its trustee, rather than the plan participant. In situations
where FSC or an affiliate does not provide recordkeeping services to a retirement plan, plan recordkeepers, who may have affiliated
financial intermediaries who sell shares of the funds, may, upon direction, be paid for providing recordkeeping services to plan
participants. Payments may also be made, upon direction, for other plan expenses.</R>

<R>In certain situations where FSC or an affiliate provides recordkeeping services to a retirement plan, payments may be made to
pay for plan expenses The amount of such payments may be based on investments in particular Fidelity funds, or may be fixed for a given
period of time. Upon direction, payments may be made to plan sponsors, or at the direction of plan sponsors, third parties, for expenses
incurred in connection with the plan.</R>



SUPPLEMENT TO THE

FIDELITY'S BROADLY DIVERSIFIED INTERNATIONAL EQUITY FUNDS

FIDELITY®GLOBAL BALANCED FUND, FIDELITY DIVERSIFIED INTERNATIONAL FUND,
FIDELITY AGGRESSIVE INTERNATIONAL FUND, FIDELITY OVERSEAS FUND, 
and FIDELITY WORLDWIDE FUND

Funds of Fidelity Investment Trust

STATEMENT OF ADDITIONAL INFORMATION

December 30, 2004

<R>Effective December 31, 2004, Mr. Cook no longer serves on the Board of Trustees. The following information has been removed
from the "Trustees and Officers" section beginning on page 21.</R>

|<R>J. Michael Cook (62)</R>
|---------------------------
|                           

<R>Effective December 31, 2004, Mr. Cox no longer serves on the Board of Trustees. The following information has been removed
from the "Trustees and Officers" section beginning on page 21.</R>

|<R>Ralph F. Cox (72)</R>
|------------------------
|                        

<R>Effective January 1, 2005, Mr. Dirks serves on the Board of Trustees. The following information replaces similar information
found in the "Trustees and Officers" section beginning on page 21.</R>

|<R>Dennis J. Dirks (57)</R>
|---------------------------
|                           

<R>IBDB-05-02		May 29, 2005
1.467695.118</R>

<R>The following information replaces similar information found in the "Trustees and Officers" section beginning on page
21.</R>

|<R>Robert M. Gates (61)</R>
|---------------------------
|                           

<R>Effective December 31, 2004, Mr. Kirk no longer serves on the Board of Trustees. The following information has been removed
from the "Trustees and Officers" section beginning on page 21.</R>

|<R>Donald J. Kirk (71)</R>
|--------------------------
|                          

<R>Effective January 1, 2005, Ms. Small serves on the Board of Trustees. The following information replaces similar information
found in the "Trustees and Officers" section beginning on page 21.</R>

|<R>Cornelia M. Small (60)</R>
|-----------------------------
|                             

<R>Effective January 1, 2005, Mr. Wolfe serves on the Board of Trustees. The following information replaces similar information
found in the "Trustees and Officers" section beginning on page 21.</R>

|<R>Kenneth L. Wolfe (66)</R>
|----------------------------
|                            

<R>The following information supplements the information found in the "Trustees and Officers" section beginning on page
21.</R>

|<R>Bryan A. Mehrmann (44)</R>
|-----------------------------
|                             

<R>The following information replaces similar information found in the "Trustees and Officers" section beginning on page
21.</R>

|<R>Kenneth B. Robins (35)</R>
|-----------------------------
|                             

<R>The following information has been removed from the "Trustees and Officers" section on page 26.</R>

|<R>Francis V. Knox, Jr. (57)</R>
|--------------------------------
|                                

<R>The following information has been removed from the "Trustees and Officers" section on page 27.</R>

|<R>Thomas J. Simpson (46)</R>
|-----------------------------
|                             

<R>The following information replaces similar information found in the "Distribution Services" section on page 47.</R>

<R>Each fund has entered into a distribution agreement with FDC, an affiliate of FMR. The principal business address of FDC is
82 Devonshire Street, Boston, Massachusetts, 02109. FDC is a broker-dealer registered under the Securities Exchange Act of 1934
and a member of the National Association of Securities Dealers, Inc. The distribution agreements call for FDC to use all reasonable
efforts, consistent with its other business, to secure purchasers for shares of the funds, which are continuously offered at NAV.
Promotional and administrative expenses in connection with the offer and sale of shares are paid by FMR. </R>

<R>The Trustees have approved Distribution and Service Plans on behalf of each funds (the Plans) pursuant to Rule 12b-1 under
the 1940 Act (the Rule). The Plans, as approved by the Trustees, allow the funds and FMR to incur certain expenses that might be
considered to constitute indirect payment by the fund of distribution expenses.</R>

<R>Under each Plan, if the payment of management fees by the fund to FMR is deemed to be indirect financing by the fund of the
distribution of its shares, such payment is authorized by the Plan. Each Plan specifically recognizes that FMR may use its management
fee revenue, as well as its past profits or its other resources, to pay FDC for expenses incurred in connection with providing services
intended to result in the sale of fund shares and/or shareholder support services. In addition, each Plan provides that FMR, directly or
through FDC, may pay significant amounts to intermediaries, including retirement plan sponsors, service-providers and
administrators, that provide those services. Currently, the Board of Trustees has authorized such payments for Global Balanced,
Diversified International, Aggressive International, Overseas, and Worldwide shares.</R>

<R>Prior to approving each Plan, the Trustees carefully considered all pertinent factors relating to the implementation of the Plan,
and determined that there is a reasonable likelihood that the Plan will benefit the fund and its shareholders. In particular, the Trustees
noted that each Plan does not authorize payments by the fund other than those made to FMR under its management contract with the
fund. To the extent that each Plan gives FMR and FDC greater flexibility in connection with the distribution of fund shares, additional
sales of fund shares or stabilization of cash flows may result. Furthermore, certain shareholder support services may be provided more
effectively under the Plans by local entities with whom shareholders have other relationships.</R>

<R>FDC or an affiliate may compensate, or upon direction make payments for certain retirement plan expenses to, intermediaries,
including retirement plan sponsors, service-providers and administrators. A number of factors are considered in determining whether
to pay these additional amounts. Such factors may include, without limitation, the level or type of services provided by the
intermediary, the level or expected level of assets or sales of shares, and other factors. In addition to such payments, FDC or an affiliate
may offer other incentives such as sponsorship of educational or client seminars relating to current products and issues, payments or
reimbursements for travel and related expenses associated with due diligence trips that an intermediary may undertake in order to
explore possible business relationships with affiliates of FDC, and/or payments of costs and expenses associated with attendance at
seminars, including travel, lodging, entertainment and meals. Certain of the payments described above may be significant to an
intermediary. As permitted by SEC and the National Association of Securities Dealers rules, FDC or any affiliate may pay or allow
other incentives or payments to intermediaries.</R>

<R>The fund's transfer agent or an affiliate may also make payments and reimbursements to certain intermediaries, including
retirement plan sponsors, service providers and administrators, for providing recordkeeping and administrative services to plan participants
or for providing other services to retirement plans. Please see "Transfer and Service Agent Agreements" in this SAI for more
information.</R>

<R>FDC or an affiliate may also make payments to banks, broker-dealers and other service providers for distribution-related
activities and/or shareholder services. If you have purchased shares of the fund through an investment professional, please speak with
your investment professional to learn more about any payments his or her firm may receive from FMR, FDC and/or their affiliates, as
well as fees and/or commissions the investment professional charges. You should also consult disclosures made by your investment
professional at the time of purchase.</R>

<R>Any of the payments described in this section may represent a premium over payments made by other fund families.
Investment professionals may have an added incentive to recommend a fund over others offered by competing fund families, or
retirement plan sponsors may take these payments into account when deciding whether to include a fund as a plan investment
option.</R>

<R>The following information supplements that found in the "Transfer and Service Agent Agreements" section beginning on
page 47.</R>

<R>Many fund shares are owned by certain intermediaries for the benefit of their customers. Since the funds often do not maintain
an account for shareholders in those instances, some or all of the recordkeeping services for these accounts may be performed by third
parties. FSC or an affiliate may make payments to intermediaries for recordkeeping and other services.</R>

<R>Retirement plans may also hold fund shares in the name of the plan or its trustee, rather than the plan participant. In situations
where FSC or an affiliate does not provide recordkeeping services to a retirement plan, plan recordkeepers, who may have affiliated
financial intermediaries who sell shares of the funds, may, upon direction, be paid for providing recordkeeping services to plan
participants. Payments may also be made, upon direction, for other plan expenses. </R>

<R>In certain situations where FSC or an affiliate provides recordkeeping services to a retirement plan, payments may be made to
pay for plan expenses. The amount of such payments may be based on investments in particular Fidelity funds, or may be fixed for a
given period of time. Upon direction, payments may be made to plan sponsors, or at the direction of plan sponsors, third parties, for
expenses incurred in connection with the plan. </R>

The following information supplements that found in the "Appendix" section on page 50.

On July 19, 2004, a class action complaint entitled Gilliam, et al. v. Fidelity Management & Research Co., FMR Co., Inc., FMR
Corp., Fidelity Distributors Corp., et al. was filed in the U.S. District Court for the District of Massachusetts alleging, among other
things, that the defendants failed to disclose revenue sharing and fund portfolio brokerage practices adequately in the prospectuses of
certain Fidelity funds. The complaint, which names over 200 Fidelity funds as nominal defendants, seeks unspecified damages. Four
additional lawsuits making similar allegations have been filed, and other similar cases may be filed in the future. Any recovery of
damages would revert to the funds. Fidelity believes these allegations are without merit and intends to defend them vigorously.



SUPPLEMENT TO THE

FIDELITY'S TARGETED INTERNATIONAL EQUITY FUNDS®FIDELITY®CANADA FUND, FIDELITY CHINA REGION FUND, FIDELITY EMERGING MARKETS FUND, 
FIDELITY EUROPE FUND, FIDELITY EUROPE CAPITAL APPRECIATION FUND, FIDELITY JAPAN FUND,
FIDELITY JAPAN SMALLER COMPANIES FUND, FIDELITY LATIN AMERICA FUND, 
FIDELITY NORDIC FUND, FIDELITY PACIFIC BASIN FUND, and FIDELITY SOUTHEAST ASIA FUND

Funds of Fidelity Investment Trust

STATEMENT OF ADDITIONAL INFORMATION

December 30, 2004

<R>Mr. Cook, Mr. Cox, and Mr. Kirk served as Members of the Board of Trustees through December 31, 2004. The following
information has been removed from the "Trustees and Officers" section beginning on page 26.</R>

|<R>J. Michael Cook (62)</R>
|---------------------------
|                           
|<R>Ralph F. Cox (72)</R>   
|                           
|<R>Donald J. Kirk (71)</R> 
|                           

<R>TIFB-05-02		May 29, 2005
1.467593.126</R>

<R>During the period from July 1, 2004 through December 31, 2004, Mr. Dirks served as a Member of the Advisory Board.
During the period from January 1, 2004 through December 31, 2004, Ms. Small served as a Member of the Advisory Board.
During the period October 1, 2004 through December 31, 2004, Mr. Wolfe served as a Member of the Advisory Board. Effective
January 1, 2005, Mr. Dirks, Ms. Small, and Mr. Wolfe serve as Members of the Board of Trustees. The following information
replaces similar information found in the "Trustees and Officers" section beginning on page 26.</R>

|<R>Dennis J. Dirks (57)</R>  
|-----------------------------
|                             
|<R>Cornelia M. Small (60)</R>
|                             
|<R>Kenneth L. Wolfe (66)</R> 
|                             

<R>The following information replaces similar information found in the "Trustees and Officers" section beginning on page
26.</R>

|<R>Robert M. Gates (61)</R>  
|-----------------------------
|                             
|<R>Kenneth B. Robins (35)</R>
|                             

<R>The following information supplements information found in the "Trustees and Officers" section beginning on page 26.</R>

|<R>Bryan A. Mehrmann (44)</R>
|-----------------------------
|                             

<R>The following information has been removed from the "Trustees and Officers" section beginning on page 26.</R>

|<R>Francis V. Knox, Jr. (57)</R>
|--------------------------------
|                                
|<R>Thomas J. Simpson (46)</R>   
|                                

<R>The following information replaces similar information found in the"Distribution Services" section beginning on page
54.</R>

<R>Each fund has entered into a distribution agreement with FDC, an affiliate of FMR. The principal business address of FDC is
82 Devonshire Street, Boston, Massachusetts 02109. FDC is a broker-dealer registered under the Securities Exchange Act of 1934 and a
member of the National Association of Securities Dealers, Inc. The distribution agreement calls for FDC to use all reasonable efforts,
consistent with its other business, to secure purchasers for shares of the funds, which are continuously offered at NAV. Promotional and
administrative expenses in connection with the offer and sale of shares are paid by FMR.</R>

<R>Sales charge revenues collected and retained by FDC for the past three fiscal years are shown in the following table.</R>

|                                   |                                    | <R>Sales Charge Revenue</R> | <R>Deferred Sales Charge
Revenue</R>
|---------------------------------- | ---------------------------------- | --------------------------- | ------------------------------------
|                                   | <R>Fiscal Year
EndedOctober
31</R> | <R>Amount 
Paid to FDC</R>  | <R>Amount 
Retained byFDC</R>       
|<R>Canada</R>                      | <R>2004</R>                        | <R>--</R>                   | <R>--</R>                           
|                                   | <R>2003</R>                        | <R>$	4,588</R>              | <R>$	4,588</R>                      
|                                   | <R>2002</R>                        | <R>$	42,436</R>             | <R>$	42,436</R>                     
|<R>China Region</R>                | <R>2004</R>                        | <R>--</R>                   | <R>--</R>                           
|                                   | <R>2003</R>                        | <R>$	28,265</R>             | <R>$	28,265</R>                     
|                                   | <R>2002</R>                        | <R>$	40,552</R>             | <R>$	40,552</R>                     
|<R>Emerging Markets</R>            | <R>2004</R>                        | <R>--</R>                   | <R>--</R>                           
|                                   | <R>2003</R>                        | <R>$	18,740</R>             | <R>$	18,740</R>                     
|                                   | <R>2002</R>                        | <R>$	189,656</R>            | <R>$	189,656</R>                    
|<R>Europe</R>                      | <R>2004</R>                        | <R>--</R>                   | <R>--</R>                           
|                                   | <R>2003</R>                        | <R>--</R>                   | <R>--</R>                           
|                                   | <R>2002</R>                        | <R>--</R>                   | <R>--</R>                           
|<R>Europe Capital
Appreciation</R> | <R>2004</R>                        | <R>--</R>                   | <R>--</R>                           
|                                   | <R>2003</R>                        | <R>--</R>                   | <R>--</R>                           
|                                   | <R>2002</R>                        | <R>--</R>                   | <R>--</R>                           
|<R>Japan</R>                       | <R>2004</R>                        | <R>--</R>                   | <R>--</R>                           
|                                   | <R>2003</R>                        | <R>$	19,479</R>             | <R>$	19,479</R>                     
|                                   | <R>2002</R>                        | <R>$	118,520</R>            | <R>$	118,520</R>                    
|<R>Japan Smaller Companies</R>     | <R>2004</R>                        | <R>--</R>                   | <R>--</R>                           
|                                   | <R>2003</R>                        | <R>$	29,145</R>             | <R>$	29,145</R>                     
|                                   | <R>2002</R>                        | <R>$	495,163</R>            | <R>$	495,163</R>                    
|<R>Latin America</R>               | <R>2004</R>                        | <R>--</R>                   | <R>--</R>                           
|                                   | <R>2003</R>                        | <R>$	12,296</R>             | <R>$	12,296</R>                     
|                                   | <R>2002</R>                        | <R>$	38,450</R>             | <R>$	38,450</R>                     
|<R>Nordic</R>                      | <R>2004</R>                        | <R>--</R>                   | <R>--</R>                           
|                                   | <R>2003</R>                        | <R>$	1,690</R>              | <R>$	1,690</R>                      
|                                   | <R>2002</R>                        | <R>$	15,429</R>             | <R>$	15,429</R>                     
|<R>Pacific Basin</R>               | <R>2004</R>                        | <R>--</R>                   | <R>--</R>                           
|                                   | <R>2003</R>                        | <R>$	5,562</R>              | <R>$	5,562</R>                      
|                                   | <R>2002</R>                        | <R>$	65,154</R>             | <R>$	65,154</R>                     
|<R>Southeast Asia</R>              | <R>2004</R>                        | <R>--</R>                   | <R>--</R>                           
|                                   | <R>2003</R>                        | <R>$	8,514</R>              | <R>$	8,514</R>                      
|                                   | <R>2002</R>                        | <R>$	169,504</R>            | <R>$	169,504</R>                    

<R>The Trustees have approved a Distribution and Service Plan on behalf of each fund (the Plans) pursuant to Rule 12b-1 under the
1940 Act (the Rule). The Plans, as approved by the Trustees, allow the funds and FMR to incur certain expenses that might be considered
to constitute indirect payment by the funds of distribution expenses.</R>

<R>Under each Plan, if the payment of management fees by the fund to FMR is deemed to be indirect financing by the fund of the
distribution of its shares, such payment is authorized by the Plans. Each Plan specifically recognizes that FMR may use its management
fee revenue, as well as its past profits or its other resources, to pay FDC for expenses incurred in connection with providing services
intended to result in the sale of fund shares and/or shareholder support services. In addition, each Plan provides that FMR, directly or
through FDC, may pay significant amounts to intermediaries, including retirement plan sponsors, service-providers and administrators,
that provide those services. Currently, the Board of Trustees has authorized such payments for each fund's shares.</R>

<R>Prior to approving each Plan, the Trustees carefully considered all pertinent factors relating to the implementation of the Plan,
and determined that there is a reasonable likelihood that the Plan will benefit the fund and its shareholders. In particular, the Trustees
noted that each Plan does not authorize payments by the fund other than those made to FMR under its management contract with the fund.
To the extent that each Plan gives FMR and FDC greater flexibility in connection with the distribution of fund shares, additional sales of
fund shares or stabilization of cash flows may result. Furthermore, certain shareholder support services may be provided more effectively
under the Plans by local entities with whom shareholders have other relationships.</R>

<R>FDC or an affiliate may compensate, or upon direction make payments for certain retirement plan expenses to, intermediaries,
including retirement plan sponsors, service-providers and administrators. A number of factors are considered in determining whether to pay
these additional amounts. Such factors may include, without limitation, the level or type of services provided by the intermediary, the level
or expected level of assets or sales of shares, and other factors. In addition to such payments, FDC or an affiliate may offer other incentives
such as sponsorship of educational or client seminars relating to current products and issues, payments or reimbursements for travel and
related expenses associated with due diligence trips that an intermediary may undertake in order to explore possible business relationships
with affiliates of FDC, and/or payments of costs and expenses associated with attendance at seminars, including travel, lodging,
entertainment and meals. Certain of the payments described above may be significant to an intermediary. As permitted by SEC and the
National Association of Securities Dealers rules, FDC or any affiliate may pay or allow other incentives or payments to intermediaries. </R>

<R>The funds' transfer agent or an affiliate may also make payments and reimbursements to certain intermediaries, including
retirement plan sponsors, service providers and administrators, for providing recordkeeping and administrative services to plan
participants or for providing other services to retirement plans. Please see "Transfer and Service Agent Agreements" in this SAI for more
information.</R>

<R>FDC or an affiliate may also make payments to banks, broker-dealers and other service providers for distribution-related
activities and/or shareholder services. If you have purchased shares of the funds through an investment professional, please speak with
your investment professional to learn more about any payments his or her firm may receive from FMR, FDC and/or their affiliates, as
well as fees and/or commissions the investment professional charges. You should also consult disclosures made by your investment
professional at the time of purchase.</R>

<R>Any of the payments described in this section may represent a premium over payments made by other fund families. Investment
professionals may have an added incentive to recommend a fund over others offered by competing fund families, or retirement plan
sponsors may take these payments into account when deciding whether to include a fund as a plan investment option.</R>

<R>The following information supplements that found in the "Transfer and Service Agent Agreements" section beginning on
page 55.</R>

<R>Many fund shares are owned by certain intermediaries for the benefit of their customers. Since the funds often do not maintain an
account for shareholders in those instances, some or all of the recordkeeping services for these accounts may be performed by third
parties. FSC or an affiliate may make payments to intermediaries for recordkeeping and other services.</R>

<R>Retirement plans may also hold fund shares in the name of the plan or its trustee, rather than the plan participant. In situations
where FSC or an affiliate does not provide recordkeeping services to a retirement plan, plan recordkeepers, who may have affiliated
financial intermediaries who sell shares of the funds, may, upon direction, be paid for providing recordkeeping services to plan
participants. Payments may also be made, upon direction, for other plan expenses.</R>

<R>In certain situations where FSC or an affiliate provides recordkeeping services to a retirement plan, payments may be made to
pay for plan expenses. The amount of such payments may be based on investments in particular Fidelity funds, or may be fixed for a given
period of time. Upon direction, payments may be made to plan sponsors, or at the direction of plan sponsors, third parties, for expenses
incurred in connection with the plan.</R>

<R>The following information supplements that found in the "Appendix" section found on page 58.</R>

On July 19, 2004, a class action complaint entitledGilliam, et al. v. Fidelity Management & Research Co., FMR Co., Inc., FMR
Corp., Fidelity Distributors Corp., et al. was filed in the U.S. District Court for the District of Massachusetts alleging, among other
things, that the defendants failed to disclose revenue sharing and fund portfolio brokerage practices adequately in the prospectuses of
certain Fidelity funds. The complaint, which names over 200 Fidelity funds as nominal defendants, seeks unspecified damages. Four
additional lawsuits making similar allegations have been filed, and other similar cases may be filed in the future. Any recovery of
damages would revert to the funds. Fidelity believes these allegations are without merit and intends to defend them vigorously.