Exhibit (d)(139)

**Form Of**

**SUB-RESEARCH AGREEMENT**

**between**

**FIDELITY INTERNATIONAL INVESTMENT ADVISORS (U.K.) LIMITED**

**and**

**FIDELITY INTERNATIONAL INVESTMENT ADVISORS**

	AGREEMENT made this 1st day of July, 2003, by and between Fidelity International Investment Advisors(U.K.) Limited, 27-28 Lovat Lane, London, England (hereinafter called the "U.K. Sub-Advisor") and FidelityInternational Investment Advisors, a Bermuda company with principal offices at Pembroke Hall, Pembroke,Bermuda (hereinafter called the "Sub-Advisor").

	WHEREAS Fidelity Management & Research Company, a Massachusetts corporation (hereinafter called the"Advisor"), has entered into various management contracts (each a "Management Contract") with thoseMassachusetts and  Delaware business trusts, each a registered investment company issuing one or more series ofshares of beneficial interest (each a "Trust") on behalf of each of their respective Portfolios listed on Schedule Aattached hereto, as the same may be amended from time to time (each a "Portfolio"), pursuant to which the Advisoris****to****act as investment advisor to each of the Portfolios,

	WHEREAS, the Sub-Advisor has entered into a Sub-Advisory Agreement with the Advisor (the"Sub-Advisory Agreement") pursuant to which the Sub-Advisor, directly or through certain of its subsidiaries orother affiliated persons (including the U.K. Sub-Adviser and Fidelity Investments Japan Limited), may provideinvestment advice and research services to the Advisor on behalf of the Portfolios pursuant to a number ofagreements,

	WHEREAS, the Sub-Advisor is willing to provide international investment advice and research services tothe Advisor on behalf of each of the Portfolios listed on Schedule A, to the extent that such Portfolios may invest ininternational assets from time to time, and the Advisor desires that the Sub-Advisor provide such internationalinvestment advice and research services to the Advisor on behalf of such Portfolios under a Master InternationalResearch Agreement;

	WHEREAS the U.K. Sub-Advisor has personnel in Western Europe and has been formed in part for thepurpose of researching and compiling information and recommendations with respect to the economies of variouscountries, and securities of issuers located outside of the United States and Canada, principally in the U.K. andEurope; and

	NOW THEREFORE, in consideration of the premises and the mutual promises hereinafter set forth, theSub-Advisor and the U.K. Sub-Advisor agree as follows:

	1.  ***Delegated Duties****:* The Sub-Advisor hereby delegates to the U.K. Sub-Advisor and the U.K. Sub-Advisoraccepts responsibility for performing such investment advice and research services, particularly with respect toissuers, companies, governments and economic conditions located outside of the U.S. and Canada, principally in theU.K. and Europe, with respect to all or a portion of the investments of each Portfolio, in connection with theSub-Advisor's duties under the Sub-Advisory Agreement, as may be requested by the Sub-Advisor.  The servicesand the portion of the investments of each Portfolio advised by the U.K. Sub-Advisor shall be as agreed upon fromtime to time by the Sub-Advisor and the U.K. Sub-Advisor.  The U.K. Sub-Advisor shall pay the salaries and fees ofall personnel of the U.K. Sub-Advisor performing the investment advice and research services for the Portfolios.

(a)	***Investment Advice and Research Services****:* If and to the extent requested by the Sub-Advisor, the U.K.Sub-Advisor shall provide investment advice and research services to the Sub-Advisor with respect to all or aportion of the investments of each Portfolio.  In connection with providing such investment advice andresearch services, the U.K. Sub-Advisor shall furnish to the Sub-Advisor on behalf of each Portfolio suchfactual information, research reports and investment recommendations as the Advisor may reasonablyrequire.  Such information may include written and oral reports and analyses.

(b)	**S*ubsidiaries and Affiliates***:  The U.K. Sub-Advisor may perform any or all of the services contemplated by thisAgreement directly or through such of its subsidiaries or other affiliated persons as the U.K Sub-Advisor shalldetermine; provided, however, that performance of such services through such subsidiaries or other affiliatedpersons shall have been approved by the affected Trust(s) to the extent required pursuant to the InvestmentCompany Act of 1940 (the "1940 Act") and rules thereunder.

	2.  ***Information to be Provided to the Trusts and the Advisor****:*  The U.K. Sub-Advisor shall furnish such reports,evaluations, information or analyses to the Trusts, the Advisor, and the Sub-Advisor as the  Trusts' Board of Trustees, theAdvisor or the Sub-Advisor may reasonably request from time to time, or as the U.K. Sub-Advisor may deem to bedesirable.

	3.  ***Compensation****:*  For investment advisory and research services provided under subparagraph (a) ofparagraph 1 of this Agreement, the Sub-Advisor agrees to pay the U.K. Sub-Advisor a sub-advisory fee (the"U.K. Sub-Advisory Fee").  The U.K. Sub-Advisory Fee shall be equal to the administrative costs incurred bythe U.K. Sub-Advisor in providing investment advice and research services hereunder.  The U.K. Sub-AdvisoryFee may be reduced  to reflect expense reimbursements,  fee waivers or aggregate caps, if any, in effect fromtime to time upon mutual agreement of the Sub-Advisor and the U.K. Sub-Advisor.   Notwithstanding theforegoing, a Portfolio that is party to a sub-advisory agreement with the Sub-Advisor and the U.K. Sub-Advisorfor the provision of  either discretionary or non-discretionary services ("FIIA/FIIAL U.K. Sub-AdvisoryAgreement") shall not be allocated any portion of  the U.K. Sub-Advisory Fee payable hereunder during anyperiod in which such FIIA/FIIAL U.K. Sub-Advisory Agreement is in effect and either discretionary ornon-discretionary services are being provided thereunder.  As further consideration, the Sub-Advisor shallprovide the U.K. Sub-Advisor with access to any and all research produced or acquired by the Sub-Advisor.

	4.  ***Expenses****:*  It is understood that each Portfolio will pay all of its expenses other than those expressly statedto be payable by the U.K. Sub-Advisor hereunder, by the Sub-Advisor under the Sub-Advisory Agreement or by theAdvisor under the Management Contract with the Portfolio.

	5.  ***Interested******Persons**:*  It is understood that the Trustees, officers, and shareholders of the Trusts are or may be orbecome interested in the Advisor, the Sub-Advisor or the U.K. Sub-Advisor as directors, officers or otherwise and thatdirectors, officers and stockholders of the Advisor, the Sub-Advisor or the U.K. Sub-Advisor are or may be or becomesimilarly interested in the Trusts, and that the Advisor, the Sub-Advisor or the U.K. Sub-Advisor may be or becomeinterested in the Trusts as a shareholder or otherwise.

	6.  ***Services to Other Companies or Accounts****:*  The Services of the U.K. Sub-Advisor to the Sub-Advisor are notto be deemed to be exclusive, the U.K. Sub-Advisor being free to render services to others and engage in other activities,provided, however, that such other services and activities do not, during the term of this Agreement, interfere, in amaterial manner, with the U.K. Sub-Advisor's ability to meet all of its obligations hereunder.  The U.K. Sub-Advisorshall for all purposes be an independent contractor and not an agent or employee of the Advisor, the Sub-Advisor or theTrusts.

	7.  ***Standard of Care****:* In the absence of willful misfeasance, bad faith, gross negligence or reckless disregardof obligations or duties hereunder on the part of the U.K. Sub-Advisor, the U.K. Sub-Advisor shall not be subject toliability to the Sub-Advisor, the Advisor, the Trusts or to any shareholder of the Portfolios for any act or omissionin the course of, or connected with, rendering services hereunder or for any losses that may be sustained in thepurchase, holding or sale of any security.

	8.  ***Duration and Termination of Agreement; Amendments****:*

	(a)	Subject to prior termination as provided in subparagraph (d) of this paragraph 8, this Agreementshall continue in force until June 30, 2004 for each Portfolio designated as a Fixed-IncomePortfolio on Schedule A and until July 31, 2004 for each Portfolio designated as a EquityPortfolio on Schedule A and indefinitely thereafter, but only so long as the continuance aftersuch period shall be specifically approved at least annually by vote of the affected Trust's Boardof Trustees or by vote of a majority of the outstanding voting securities of the Portfolio.

(b)	This Agreement may be modified by mutual consent of the Advisor, the U.K. Sub-Advisor, theSub-Advisor and the affected Trust(s)**subject to the provisions of Section 15 of the 1940 Act, as modifiedby or interpreted by any applicable order or orders of the Securities and Exchange Commission (the"Commission") or any rules or regulations adopted by, or interpretative releases of, the Commission.

(c)	In addition to the requirements of subparagraphs (a) and (b) of this paragraph 8, the terms of anycontinuance or modification of this Agreement must have been approved by the vote of a majority ofthose Trustees of the affected Trust(s) who are not parties to this Agreement or interested persons of anysuch party, cast in person at a meeting called for the purpose of voting on such approval.

(d)	The Advisor may, at any time and without any prior written notice to the other parties to this Agreementand the Board of Trustees of the affected Trust(s), terminate this Agreement in respect of  any or all of thePortfolios, without payment of any penalty.  A Trust may at any time on sixty (60) days' prior writtennotice to the parties to this Agreement, terminate this Agreement in respect of such Trust or a Portfolio,without payment of any penalty, by action of the Board of Trustees of the affected Trust or by vote of amajority of the Portfolio's outstanding voting securities.  This Agreement shall terminate automatically inthe event of its assignment.

	9.  ***Limitation of Liability****:*  The U.K. Sub-Advisor is hereby expressly put on notice of the limitation ofshareholder liability as set forth in the Declaration of Trust or other organizational document of the Trusts and agreesthat any obligations of any Trust or Portfolio arising in connection with this Agreement shall be limited in all cases tothe Trust or a Portfolio and its assets, and the U.K. Sub-Advisor shall not seek satisfaction of any such obligationfrom the shareholders or any shareholder of the Trust or Portfolio.  Nor shall the U.K. Sub-Advisor seek satisfactionof any such obligation from the Trustees or any individual Trustee of any Trust.

	10.  ***Governing Law****:*  This Agreement shall be governed by, and construed in accordance with, the laws of theCommonwealth of Massachusetts, without giving effect to the choice of laws provisions thereof.

	The terms "registered investment company," "vote of a majority of the outstanding voting securities,""assignment," and "interested persons," when used herein, shall have the respective meanings specified in the 1940 Act asnow in effect or as hereafter amended.

	IN WITNESS WHEREOF the parties hereto have caused this instrument to be signed in their behalf by theirrespective officers thereunto duly authorized, and their respective seals to be hereunto affixed, all as of the date writtenabove.