SUB-ADVISORY AGREEMENT 

between 

FIDELITY INTERNATIONAL INVESTMENT ADVISORS (U.K.) LIMITED 

and 

FIDELITY INTERNATIONAL INVESTMENT ADVISORS 

AGREEMENT as of the 17th day of September, 2008, by and betweenFidelity 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 atPembroke Hall, Pembroke, Bermuda (hereinafter called the "Sub-Advisor"). 

WHEREAS Fidelity Management & Research Company, aMassachusetts corporation (hereinafter called the "Advisor"), has entered into aManagement Contract with Fidelity Investment Trust, a Massachusetts businesstrust which may issue one or more series of shares of beneficial interest(hereinafter called the "Trust"), on behalf of Fidelity Series Emerging MarketsFund (hereinafter called the "Portfolio"), pursuant to which the Advisor is****to****act as investment advisor to the Portfolio, and 

WHEREAS, the Sub-Advisor has entered into a Sub-Advisory Agreementwith the Advisor (the "Sub-Advisory Agreement") pursuant to which theSub-Advisor, directly or through certain of its subsidiaries or other affiliatedpersons, shall provide investment advice or investment management and orderexecution services to the Portfolio, and 

WHEREAS the U.K. Sub-Advisor has personnel in Western Europe andhas been formed in part for the purpose of researching and compiling informationand recommendations with respect to the economies of various countries, andsecurities of issuers located outside of North America, principally in the U.K.and Europe. 

NOW THEREFORE, in consideration of the premises and the mutualpromises hereinafter set forth, the Sub-Advisor and the U.K. Sub-Advisor agreeas follows: 

1. *Duties:* The Sub-Advisor may, in its discretion, appointthe U.K. Sub-Advisor to perform one or more of the following services withrespect to all or a portion of the investments of the Portfolio, in connectionwith the Sub-Advisor's duties under the Sub-Advisory Agreement. The services andthe portion of the investments of the Portfolio advised or managed by the U.K.Sub-Advisor shall be as agreed upon from time to time by the Sub-Advisor and theU.K. Sub-Advisor. The U.K. Sub-Advisor shall pay the salaries and fees of allpersonnel of the U.K. Sub-Advisor performing services for the Portfolio relatingto research, statistical and investment activities. 

(a) *Investment Advice:*If and to the extent requested bythe Sub-Advisor, the U.K. Sub-Advisor shall provide investment advice to theSub-Advisor with respect to all or a portion of the investments of thePortfolio, and in connection with such advice shall furnish the Sub-Advisor suchfactual information, research reports and investment recommendations as theAdvisor may reasonably require. Such information may include written and oralreports and analyses. 

(b) *Investment Management:* If and to the extent requestedby the Sub-Advisor, the U.K. Sub-Advisor shall manage all or a portion of theinvestments of the Portfolio in accordance with the investment objective,policies and limitations provided in the Portfolio's Prospectus or othergoverning instruments, as amended from time to time, the Investment Company Actof 1940 (the "1940 Act") and rules thereunder, as amended from time to time, andsuch other limitations as the Trust or the****Advisor may impose withrespect to the Portfolio by notice to the U.K. Sub-Advisor. With respect to theportion of the investments of the Portfolio under its management, the U.K.Sub-Advisor is authorized to make investment decisions on behalf of thePortfolio with regard to any stock, bond, other security or investmentinstrument, and to place orders for the purchase and sale of such securitiesthrough such broker-dealers as the U.K. Sub-Advisor may select. The U.K.Sub-Advisor may also be authorized, but only to the extent such duties aredelegated in writing by the Sub-Advisor, to provide additional investmentmanagement services to the Portfolio, including but not limited to services suchas managing foreign currency investments, purchasing and selling or writingfutures and options contracts, borrowing money or lending securities on behalfof the Portfolio. All investment management and any other activities of the U.K.Sub-Advisor shall at all times be subject to the control and direction of theSub-Advisor, the Advisor and the Trust's Board of Trustees. 

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

3. *Brokerage:* In connection with the services providedunder subparagraph (b) of paragraph 1 of this Agreement, the U.K. Sub-Advisorshall place all orders for the purchase and sale of portfolio securities for thePortfolio's account with brokers or dealers selected by the U.K. Sub-Advisor,which may include brokers or dealers affiliated with the Advisor, Sub-Advisor orU.K. Sub-Advisor. The U.K. Sub-Advisor shall use its best efforts to seek toexecute portfolio transactions at prices which are advantageous to the Portfolioand at commission rates which are reasonable in relation to the benefitsreceived. In selecting brokers or dealers qualified to execute a particulartransaction, brokers or dealers may be selected who also provide brokerage andresearch services (as those terms are defined in Section 28(e) of the SecuritiesExchange Act of l934) to the Portfolio and/or to the other accounts over whichthe U.K. Sub-Advisor, the Sub-Advisor or Advisor exercise investment discretion.The U.K. Sub-Advisor is authorized to pay a broker or dealer who provides suchbrokerage and research services a commission for executing a portfoliotransaction for the Portfolio which is in excess of the amount of commissionanother broker or dealer would have charged for effecting that transaction ifthe U.K. Sub-Advisor determines in good faith that such amount of commission isreasonable in relation to the value of the brokerage and research servicesprovided by such broker or dealer. This determination may be viewed in terms ofeither that particular transaction or the overall responsibilities which theU.K. Sub-Advisor**,**the Sub-Advisor or the Advisor have with respect toaccounts over which they exercise investment discretion. The Trustees of theTrust shall periodically review the commissions paid by the Portfolio todetermine if the commissions paid over representative periods of time werereasonable in relation to the benefits to the Portfolio. 

4. *Compensation:* The Sub-Advisor shall compensate the U.K.Sub-Advisor on the following basis for the services to be furnished hereunder.

(a)*Sub-Advisory Fee*: For services provided undersubparagraph (a) of paragraph 1 of this Agreement, the Sub-Advisor agrees to paythe U.K. Sub-Advisor a monthly sub-advisory fee (the "U.K. Sub-Advisory Fee").The U.K. Sub-Advisory Fee shall be equal to 110% of the U.K. Sub-Advisor's costsincurred in connection with rendering the services referred to in subparagraph(a) of paragraph 1 of this Agreement. The U.K. Sub-Advisory Fee shall not bereduced to reflect expense reimbursements or fee waivers by the Sub-Advisor orAdvisor, if any, in effect from time to time. 

(b) *Investment Management Fee:* For services provided undersubparagraph (b) of paragraph 1 of this Agreement, the Sub-Advisor agrees to paythe U.K. Sub-Advisor a monthly investment management fee (the "UK InvestmentManagement Fee"). The UK Investment Management Fee shall be equal to apercentage of the monthly average net assets of the Portfolio managed by theU.K. Sub-Advisor pursuant to subparagraph 1(b) of this Agreement, calculated ona cumulative basis based upon a monthly average of the aggregate of all netassets managed by the U.K. Sub-Advisor on behalf of the Sub-Advisor pursuant tosub-advisory arrangements ("Average Group Assets") in accordance with thefollowing fee schedule: 

, provided that in no event shall the UK Investment Management Feeexceed 50% of the sub-advisory fees received by the Sub-Advisor in respect ofthe Portfolio from the Advisor pursuant to the Sub-Advisory Agreement, andprovided further that, for purposes of calculating the fee rates set forthabove, any assets managed by the U.K. Sub-Advisor on behalf of the Sub-Advisorpursuant to a sub-advisory arrangement where a fee cap is being applied toreduce the U.K. Sub-Advisor's fee to less than the rates set forth above shallbe excluded from Average Group Assets. 

(c) *Provision of MultipleServices:* If the U.K. Sub-Advisor shall have provided both investmentadvisory services under subparagraph (a) and investment management servicesunder subparagraph (b) of paragraph 1 for the same portion of the investments ofthe Portfolio for the same period, the fees paid to the U.K. Sub-Advisor withrespect to such investments shall be calculated exclusively under subparagraph(b) of this paragraph 4. 

5. *Expenses:* It is understood that the Portfolio will payall of its expenses other than those expressly stated to be payable by the U.K.Sub-Advisor hereunder, by the Sub-Advisor under the Sub-Advisory Agreement or bythe Advisor under the Management Contract with the Portfolio. 

6. *Interested Persons:* It is understood that the Trustees,officers, and shareholders of the Trust are or may be or become interested inthe Advisor, the Sub-Advisor or the U.K. Sub-Advisor as directors, officers orotherwise and that directors, officers and stockholders of the Advisor, theSub-Advisor or the U.K. Sub-Advisor are or may be or become similarly interestedin the Trust, and that the Advisor, the Sub-Advisor or the U.K. Sub-Advisor maybe or become interested in the Trust as a shareholder or otherwise. 

7. *Services to Other Companies or Accounts:* The Services ofthe U.K. Sub-Advisor to the Sub-Advisor are not to be deemed to be exclusive,the U.K. Sub-Advisor being free to render services to others and engage in otheractivities, provided, however, that such other services and activities do not,during the term of this Agreement, interfere, in a material manner, with theU.K. Sub-Advisor's ability to meet all of its obligations hereunder. The U.K.Sub-Advisor shall for all purposes be an independent contractor and not an agentor employee of the Advisor, the Sub-Advisor or the Trust. 

Nothing in this Agreement will constitute a partnership betweenthe Advisor, the Sub-Advisor, the U.K. Sub-Advisor and the Trust. Nothing inthis Agreement makes the U.K. Sub-Advisor an agent of the Advisor, Sub-Advisoror the Trust and the U.K. Sub-Advisor has no authority whatsoever to exercisediscretionary powers over the global portfolios and investment funds, except asprovided pursuant to paragraph 1(b) herein, of the Advisor, Sub-Advisor and theTrust, or otherwise to bind the Advisor's and the Trust's assets undermanagement. 

The U.K. Sub-Advisor shall furnish services as an independentcontractor and not as an employee or agent of either the Advisor, Sub-Advisor orthe Trust. The U.K. Sub-Advisor has no power or authority to act for, represent,or bind the Advisor, Sub-Advisor or the Trust or any company affiliated witheither of them. 

8. *Standard of Care:* In the absence of willful misfeasance,bad faith, gross negligence or reckless disregard of obligations or dutieshereunder on the part of the U.K. Sub-Advisor, the U.K. Sub-Advisor shall not besubject to liability to the Sub-Advisor, the Advisor, the Trust or to anyshareholder of the Portfolio for any act or omission in the course of, orconnected with, rendering services hereunder or for any losses that may besustained in the purchase, holding or sale of any security. 

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

(a) Subject to prior termination as provided in subparagraph (d)of this paragraph 9, this Agreement shall continue in force until July 31,2010****and indefinitely thereafter, but only so long as the continuanceafter such period shall be specifically approved at least annually by vote ofthe Trust's Board of Trustees or by vote of a majority of the outstanding votingsecurities of the Portfolio. 

(b) This Agreement may be modified by mutual consent of theAdvisor, the U.K. Sub-Advisor, the Sub-Advisor and the Portfolio subject to theprovisions of Section 15 of the 1940 Act, as modified by or interpreted by anyapplicable order or orders of the Securities and Exchange Commission (the"Commission") or any rules or regulations adopted by, or interpretative releasesor no-action letters of, the Commission or its staff. 

(c) In addition to the requirements of subparagraphs (a) and (b)of this paragraph 9, the terms of any continuance or modification of thisAgreement must have been approved by the vote of a majority of those Trustees ofthe Trust 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 suchapproval. 

(d) Either the Advisor, the Sub-Advisor, the U.K. Sub-Advisor orthe Portfolio may, at any time on sixty (60) days' prior written notice to theother parties, terminate this Agreement, without payment of any penalty, byaction of its Board of Trustees or Directors, or with respect to the Portfolioby vote of a majority of its outstanding voting securities. This Agreement shallterminate automatically in the event of its assignment. 

10. *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 otherorganizational document of the Trust and agrees that any obligations of theTrust or the Portfolio arising in connection with this Agreement shall belimited in all cases to the Portfolio and its assets, and the U.K. Sub-Advisorshall not seek satisfaction of any such obligation from the shareholders or anyshareholder of the Portfolio. Nor shall the U.K. Sub-Advisor seek satisfactionof any such obligation from the Trustees or any individual Trustee. 

11. *Governing Law:* This Agreement shall be governed by, andconstrued in accordance with, the laws of the Commonwealth of Massachusetts,without giving effect to the choice of laws provisions thereof. 

The terms "registered investment company," "vote of a majority ofthe outstanding voting securities," "assignment," and "interested persons," whenused herein, shall have the respective meanings specified in the 1940 Act as nowin effect or as hereafter amended, and subject to such orders or no-actionletters as may be granted by the Commission or its staff. 

IN WITNESS WHEREOF the parties hereto have caused this instrumentto be signed in their behalf by their respective officers thereunto dulyauthorized, and their respective seals to be hereunto affixed, all as of thedate written above.