Exhibit (d)(186)

FORM OF

AMENDMENT TO

SUB-ADVISORY AGREEMENT

between

FIDELITY INVESTMENTS JAPAN LIMITED

and

FIDELITY INTERNATIONAL INVESTMENT ADVISORS

	This Amendment made as of this __ day of ______, 200_, by and between Fidelity Investments Japan Limited, a Japanese company with principal offices at Shiroyama JT Trust Tower, 3-1,Toranomon 4-chome, Minato-Ku, Tokyo, Japan 105-6019 (hereinafter called the "Japan Sub-Advisor") and Fidelity International Investment Advisors, a Bermuda company with principal offices atPembroke Hall, Pembroke, Bermuda (hereinafter called the "Sub-Advisor").

	WHEREAS Fidelity Management & Research Company, a Massachusetts corporation (hereinafter called the "Advisor"), has entered into a Management Contract with Fidelity InvestmentTrust, a Massachusetts business trust which may issue one or more series of shares of beneficial interest (hereinafter called the "Trust"), on behalf of Fidelity International Small Cap Fund (hereinaftercalled 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 Agreement with the Advisor(the "Sub-Advisory Agreement"), dated July 18, 2002, pursuant to which the Sub-Advisor, directlyor through certain of its subsidiaries or other affiliated persons, shall provide investment advice orinvestment management and order execution services to the Portfolio, and

	WHEREAS, the Japan Sub-Advisor has personnel in Japan and has been formed in part for thepurpose of researching and compiling information and recommendations with respect to the economies ofvarious countries, and securities of issuers located outside of North America, principally in Japan and theFar East;

	WHEREAS the Advisor, the Sub-Advisor, and the Japan Sub-Advisor (the "Parties") wish to clarifytheir relationship by amending the Agreement in accordance with the terms of this Amendment;

	NOW, THEREFORE, the Parties hereto agree as follows:

	1.  Paragraph 7 of the Agreement is hereby supplemented as follows:

	Nothing in this Agreement will constitute a partnership between the Advisor, the Sub-Advisor, theJapan Sub-Advisor and the Trust.  Nothing in this Agreement makes the Japan Sub-Advisor an agent ofthe Advisor, Sub-Advisor or the Trust and the Japan Sub-Advisor has no authority whatsoever to exercisediscretionary powers over the global portfolios and investment funds, except as provided pursuant to paragraph 1(b) herein, of the Advisor, Sub-Advisor and the Trust, or otherwise to bind the Advisor's and theTrust's assets under management.

	The Japan Sub-Advisor shall furnish services as an independent contractor and not as an employeeor agent of either the Advisor, Sub-Advisor or the Trust.  The Japan Sub-Advisor has no power or authority to act for, represent, or bind the Advisor, Sub-Advisor or the Trust or any company affiliated with either of them.

	2.****In all other respects, the Agreement is hereby confirmed and remains in full force and effect.

	This Amendment shall be governed by, and construed in accordance with, the laws of the Commonwealth of Massachusetts, without giving effect to the choice of laws provisions thereof.

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

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