Exhibit (m)(20)

FORM OF

DISTRIBUTION AND SERVICE PLAN

FIDELITY INVESTMENT TRUST: FIDELITY INTERNATIONAL SMALL CAP FUND

Fidelity Advisor International Small Cap Fund Class T Shares

	1.	This Distribution and Service Plan (the "Plan"), when effective in accordance withits terms, shall be the written plan contemplated by Rule 12b-1 under the Investment CompanyAct of 1940, as amended (the "Act") for the Fidelity Advisor International Small Cap FundClass T shares of Fidelity International Small Cap Fund ("Class T"), a class of shares of FidelityInternational Small Cap Fund (the "Fund"), a portfolio of Fidelity Investment Trust (the"Trust").

	2.	The Trust has entered into a General Distribution Agreement on behalf of the Fundwith Fidelity Distributors Corporation (the "Distributor"), under which the Distributor uses allreasonable efforts, consistent with its other business, to secure purchasers of the Fund's shares ofbeneficial interest (the "Shares").  Such efforts may include, but neither are required to includenor are limited to, the following:  (1) formulation and implementation of marketing andpromotional activities, such as mail promotions and television, radio, newspaper, magazine andother mass media advertising; (2) preparation, printing and distribution of sales literature; (3)preparation, printing and distribution of prospectuses of the Fund and reports to recipients otherthan the existing shareholders of the Fund; (4) obtaining such information, analyses and reportswith respect to marketing and promotional activities as the Distributor may, from time to time,deem advisable; (5) making payments to securities dealers and others engaged in the sale ofShares or who engage in shareholder support services ("Investment Professionals"); and (6)providing training, marketing and support to such dealers with respect to the sale of Shares.

	3.	In consideration for the services provided and the expenses incurred by theDistributor pursuant to the General Distribution Agreement and paragraph 2 hereof, all withrespect to Class T Shares, Class T shall pay to the Distributor a fee at the annual rate of 0.50%(or such lesser amount as the Trustees may, from time to time, determine) of the average dailynet assets of Class T throughout the month.  The determination of daily net assets shall be madeat the close of business each day throughout the month and computed in the manner specified inthe Fund's then current Prospectus for the determination of the net asset value of the Fund'sClass T Shares.  The Distributor may use all or any portion of the distribution fee receivedpursuant to the Plan (and the commissions described in the following sentence) to compensateInvestment Professionals who have engaged in the sale of Class T Shares or in shareholdersupport services with respect to Class T Shares pursuant to agreements with the Distributor, or topay any of the expenses associated with other activities authorized under paragraph 2 hereof.Class T may incur additional expenses associated with the activities authorized under paragraph2 hereof at the annual rate of 0.10% (or such lesser amount as the Trustees, may from time totime, determine) of the average daily net assets of Class T throughout the month (determined inthe manner set forth herein), to be paid exclusively through the direction of brokeragecommissions.

	4.	Separate from any payments made as described in paragraph 3 hereof, Class T shallalso pay to the Distributor a service fee at the annual  rate of 0.25% (or such lesser amount as theTrustees, may from time to time, determine) of the average daily net assets of Class T throughoutthe month. The determination of daily net assets shall be made at the close of business each daythroughout the month and computed in the manner specified in the Fund's then currentProspectus for the determination of the net asset value of Class T Shares, but shall exclude assetsattributable to any other class of Shares of the Fund. In accordance with such terms as theTrustees may from time to time establish, the Distributor may use all or a portion of such servicefees to compensate Investment Professionals for personal service and/or the maintenance ofshareholder accounts, or  for other services for which "service fees" lawfully may be paid inaccordance with applicable rules and regulations.

	5.	The Fund presently pays, and will continue to pay, a management fee to FidelityManagement & Research Company (the "Adviser") pursuant to a management agreementbetween the Fund and the Adviser (the "Management Contract").  It is recognized that theAdviser may use its management fee revenue, as well as its past profits or its resources from anyother source, to make payment to the Distributor with respect to any expenses incurred inconnection with the distribution of Class T Shares, including the activities referred to inparagraph 2 hereof.  To the extent that the payment of management fees by the Fund to theAdviser should be deemed to be indirect financing of any activity primarily intended to result inthe sale of Class T Shares within the meaning of Rule 12b-1, then such payment shall be deemedto be authorized by this Plan.

	6.	This Plan shall become effective upon the approval by a vote of a majority of theTrustees of the Trust, including a majority of Trustees who are not "interested persons" of theTrust (as defined in the Act) and who have no direct or indirect financial interest in the operationof this Plan or in any agreement related to the Plan (the "Independent Trustees"), cast in personat a meeting called for the purpose of voting on this Plan.

	7.	This Plan shall, unless terminated as hereinafter provided, remain in effect untilApril 30, 200_, and from year to year thereafter; provided, however, that such continuance issubject to approval annually by a vote of a majority of the Trustees of the Trust, including amajority of the Independent Trustees, cast in person at a meeting called for the purpose of votingon this Plan.  This Plan may be amended at any time by the Board of Trustees, provided that (a)any amendment to increase materially the fee provided for in paragraphs 3 and 4 hereof shall beeffective only upon approval by a vote of a majority of the outstanding voting securities of ClassT and (b) any material amendment of this Plan shall be effective only upon approval in themanner provided in the first sentence of this paragraph 7.

	8.	This Plan may be terminated at any time, without the payment of any penalty, byvote of a majority of the Independent Trustees or by a vote of a majority of the outstandingvoting securities of Class T.

	9.	During the existence of this Plan, the Trust shall require the Adviser and/or theDistributor to provide the Trust, for review by the Trustees, and the Trustees shall review, at leastquarterly, a written report of the amounts expended in connection with financing any activityprimarily intended to result in the sale of shares of Class T (making estimates of such costswhere necessary or desirable) and the purposes for which such expenditures were made.

	10.	This Plan does not require the Adviser or Distributor to perform any specific typeor level of distribution activities or to incur any specific level of expenses for activities primarilyintended to result in the sale of Class T Shares.

	11.	Consistent with the limitation of shareholder liability as set forth in the Trust'sDeclaration of Trust or other organizational document, any obligation assumed by Class Tpursuant to this Plan and any agreement related to this Plan shall be limited in all cases to ClassT and its assets and shall not constitute an obligation of any shareholder of the Trust or of anyother class of the Fund, series of the Trust or class of such series.

	12.	If any provision of the 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.