Exhibit (m)(34)

DISTRIBUTION AND SERVICE PLAN

FIDELITY INVESTMENT TRUST: FIDELITY INTERNATIONAL SMALL CAP
OPPORTUNITIES FUND



1.	This Distribution and Service Plan (the "Plan"), when effective in
accordance with its terms, shall be the written plan contemplated by Rule 12b-1 under
the Investment Company Act of 1940 (the "Act") of Fidelity International Small Cap
Opportunities Fund (the "Portfolio"), a series of shares of Fidelity Investment Trust (the
"Fund").

2.	The Fund has entered into a General Distribution Agreement with respect
to the Portfolio with Fidelity Distributors Corporation (the "Distributor"), a wholly-owned
subsidiary of Fidelity Management & Research Company (the "Adviser"), under which
the Distributor uses all reasonable efforts, consistent with its other business, to secure
purchasers for the Portfolio's shares of beneficial interest ("shares").  Under the
agreement, the Distributor pays the expenses of printing and distributing any
prospectuses, reports and other literature used by the Distributor, advertising, and other
promotional activities in connection with the offering of shares of the Portfolio for sale to
the public.  It is recognized that the Adviser may use its management fee revenues as
well as past profits or its resources from any other source, to make payment to the
Distributor with respect to any expenses incurred in connection with the distribution of
Portfolio shares, including the activities referred to above.

3.	The Adviser directly, or through the Distributor, may, subject to the approval
of the Trustees, make payments to securities dealers and other third parties who
engage in the sale of shares or who render shareholder support services, including but
not limited to providing office space, equipment and telephone facilities, answering
routine inquiries regarding the Portfolio, processing shareholder transactions and
providing such other shareholder services as the Fund may reasonably request.

4.	The Portfolio will not make separate payments as a result of this Plan to the
Adviser, Distributor or any other party, it being recognized that the Portfolio presently
pays, and will continue to pay, a management fee to the Adviser.  To the extent that any
payments made by the Portfolio to the Adviser, including payment of management fees,
should be deemed to be indirect financing of any activity primarily intended to result in
the sale of shares of the Portfolio within the context of Rule 12b-1 under the Act, then
such payments shall be deemed to be authorized by this Plan.

5.	This Plan shall become effective upon the approval bya vote of a majority
of the Trustees of the Fund, including a majority of Trustees who are not "interested
persons" of the Fund (as defined in the Act) and who have no direct or indirect financial
interest in the operation of this Plan or in any agreements related to this Plan (the
"Independent Trustees"), cast in person at a meeting called for the purpose of voting on
this Plan.

6.	This Plan shall, unless terminated as hereinafter provided, remain in effect
from the date specified above until May 31, 2006 and from year to year thereafter,
provided, however, that such continuance is subject to approval annually by a vote of a
majority of the Trustees of the Fund, including a majority of the Independent Trustees,
cast in person at a meeting called for the purpose of voting on this Plan.  This Plan may
be amended at any time by the Board of Trustees, provided that (a) any amendment to
authorize direct payments by the Portfolio to finance any activity primarily intended to
result in the sale of shares of the Portfolio, or to increase materially the amount spent by
the Portfolio for distribution, shall be effective only upon approval by a vote of a majority
of the outstanding voting securities of the Portfolio, and (b) any material amendments of
this Plan shall be effective only upon approval in the manner provided in the first
sentence in this paragraph.

7.	This Plan may be terminated at any time, without the payment of any
penalty, by vote of a majority of the Independent Trustees or by a vote of a majority of
the outstanding voting securities of the Portfolio.

8.	During the existence of this Plan, the Fund shall require the Adviser and/or
Distributor to provide the Fund, for review by the Fund's Board of Trustees, and the
Trustees shall review, at least quarterly, a written report of the amounts expended in
connection with financing any activity primarily intended to result in the sale of shares of
the Portfolio (making estimates of such costs where necessary or desirable) and the
purposes for which such expenditures were made.

9.	This Plan does not require the Adviser or Distributor to perform any specific
type or level of distribution activities or to incur any specific level of expenses for
activities primarily intended to result in the sale of shares of the Portfolio.

10.	Consistent with the limitation of shareholder liability as set forth in the
Fund's Declaration of Trust or other organizational document, any obligations assumed
by the Portfolio pursuant to this Plan and any agreements related to this Plan shall be
limited in all cases to the Portfolio and its assets, and shall not constitute obligations of
any other series of shares of the Fund.

11.	If any provision of this Plan shall be held or made invalid by a court
decision, statute, rule or otherwise, the remainder of the Plan shall not be affected
thereby.