**AMENDED AND RESTATED MASTER INTERNATIONAL**

**RESEARCH AGREEMENT**

**between**

**FIDELITY INTERNATIONAL INVESTMENT ADVISORS**

**and**

**FIDELITY MANAGEMENT & RESEARCH COMPANY**

AGREEMENT made this 1st day of August 2007 by and between FidelityManagement & Research Company, a Massachusetts corporation with principaloffices at 82 Devonshire Street, Boston, Massachusetts (hereinafter called the"Advisor") and Fidelity International Investment Advisors, a Bermuda companywith principal offices at Pembroke Hall, Pembroke, Bermuda (hereinafter calledthe "Sub-Advisor"). 

WHEREAS the Advisor has entered into various management contracts(each a "Management Contract") with those Massachusetts and Delaware businesstrusts, each a registered investment company issuing one or more series ofshares of beneficial interest (each a "Trust") on behalf of each of theirrespective portfolios listed on Schedule A attached hereto, as the same may beamended from time to time (each a "Portfolio"), pursuant to which the Advisoracts as investment manager to each of the Portfolios; and 

WHEREAS the Sub-Advisor and its subsidiaries and other affiliatedpersons have personnel in various locations throughout the world and have beenformed in part for the purpose of researching and compiling information andrecommendations with respect to the economies of various countries, andsecurities of issuers located in such countries, and providing investmentadvisory services in connection therewith; 

WHEREAS, the Sub-Advisor and its subsidiaries and other affiliatedpersons (including Fidelity International Investment Advisors (U.K.) Limited andFidelity Investments Japan Limited) may provide investment advice and researchservices to Advisor pursuant to a number of individual agreements in respect ofeach Portfolio; and 

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

NOW, THEREFORE, in consideration of the premises and the mutualpromises hereinafter set forth, the Advisor and the Sub-Advisor agree asfollows: 

1. **Delegation of Duties:**The Advisor hereby delegates tothe Sub-Advisor, and the Sub-Advisor hereby accepts responsibility forperforming such investment advice and research services with respect to all or aportion of the investments of each Portfolio as may be requested by the Advisor.The services and the portion of the investments of each Portfolio to be advisedby the Sub-Advisor shall be as agreed upon from time to time by the Advisor andthe Sub-Advisor. The Sub-Advisor shall pay the salaries and fees of allpersonnel of the Sub-Advisor performing investment advice and research servicesfor the Portfolios. 

(a) ***Investment Advice and Research Services:***If andto the extent requested by the Advisor, the Sub-Advisor shall provide investmentadvice and research services, particularly with respect issuers, companies,governments and economic conditions outside of the U.S. and Canada, to theAdvisor on behalf of each Portfolio with respect to all or a portion of theinvestments of such Portfolio. In connection with providing such investmentadvice and research services, the Sub-Advisor shall furnish to the Advisor onbehalf of each Portfolio such factual information, research reports andinvestment recommendations as the Advisor may reasonably require. Suchinformation may include written and oral reports and analyses. 

(b) **S*ubsidiaries and Affiliates*:** The Sub-Advisor mayperform any or all of the services contemplated by this Agreement directly orthrough such of its subsidiaries or other affiliated persons as the Sub-Advisorshall determine; provided, however, that performance of such services throughsuch subsidiaries or other affiliated persons shall have been approved by theaffected Trust or Trusts to the extent required pursuant to the InvestmentCompany Act of 1940 Act ("1940 Act") and rules thereunder. 

2.**Information to be Provided to the Trusts and theAdvisor:** The Sub-Advisor shall furnish such reports, evaluations,information or analyses to each Trust and the Advisor as the Trusts' Board ofTrustees or the Advisor may reasonably request from time to time, or as theSub-Advisor may deem to be desirable. 

3. **Compensation:** For investment advisory and researchservices provided under subparagraph (a) of paragraph 1 of this Agreement onbehalf of each of the Portfolios listed on Schedule A and in full considerationof the services provided hereunder, the Advisor agrees to pay the Sub-Advisorand the Sub-Adviser agrees to receive an annual aggregate Sub-Advisory Fee offifty million dollars ($50,000,000). The aggregate fee shall be allocatedamongst each of the Portfolios listed on Schedule A, as it may be amended fromtime to time, based on their relative international net assets. The Sub-AdvisoryFee may be reduced to reflect expense reimbursements, fee waivers or aggregatecaps, if any, in effect from time to time upon mutual agreement of the Advisorand the Sub-Advisor. Notwithstanding the foregoing; a Portfolio that is party toa sub-advisory agreement with the Advisor and the Sub-Adviser for the provisionof either discretionary or non-discretionary services ("FMR/FIIA Sub-AdvisoryAgreement") shall not be allocated any portion of the aggregate Sub-Advisory Feepayable hereunder during any period in which such FMR/FIIA Sub-AdvisoryAgreement is in effect and either discretionary or non-discretionary servicesare being provided thereunder. 

4. **Expenses:** It is understood that each Portfolio will payall of its expenses other than those expressly stated to be payable by theSub-Advisor hereunder or by the Advisor under the Management Contract with thePortfolio. 

5. **Interested Persons:**It is understood that Trustees,officers, and shareholders of the Trusts are or may be or become interested inthe Advisor or the Sub-Advisor as directors, officers or otherwise and thatdirectors, officers and stockholders of the Advisor or the Sub-Advisor are ormay be or become similarly interested in the Trusts, and that the Advisor or theSub-Advisor may be or become interested in the Trusts as a shareholder orotherwise. 

6. **Services to Other Companies or Accounts:** The services ofthe Sub-Advisor to the Advisor are not to be deemed to be exclusive, theSub-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 theSub-Advisor's ability to meet all of its obligations hereunder. The Sub-Advisorshall for all purposes be an independent contractor and not an agent or employeeof the Advisor or the Trust. 

Nothing in this Agreement will constitute a partnership betweenthe Advisor, the Sub-Advisor and the Trust. Nothing in this Agreement makes theSub-Advisor an agent of the Advisor or the Trust and the Sub-Advisor has noauthority whatsoever to exercise discretionary powers over the global portfoliosand investment funds, except as provided pursuant to paragraph 1 herein, of theAdvisor and the Trust, or otherwise to bind the Advisor's and the Trust's assetsunder management. 

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

7. **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 Sub-Advisor, the Sub-Advisor shall not be subjectto liability to the Advisor, the Trusts or to any shareholder of the Portfoliosfor any act or omission in the course of, or connected with, rendering serviceshereunder or for any losses that may be sustained in the purchase, holding orsale 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 Agreement shall continue in force until June 30, 2008for each Portfolio designated as a Fixed-Income Portfolio on Schedule A anduntil July 31, 2008 for each Portfolio designated as a Equity Portfolio onSchedule A and indefinitely thereafter, but only so long as the continuanceafter such period shall be specifically approved at least annually by vote ofthe affected Trust's Board of Trustees or by vote of a majority of theoutstanding voting securities of the Portfolio. 

(b) This Agreement may be modified by mutual consent of theAdvisor, the Sub-Advisor and the affected Trust(s) subject to the provisions ofSection 15 of the 1940 Act, as modified by or interpreted by any applicableorder or orders of the Securities and Exchange Commission (the "Commission") orany rules or regulations adopted by, or interpretative releases of, theCommission. 

(c) In addition to the requirements of subparagraphs (a) and (b)of this paragraph 8, the terms of any continuance or modification of thisAgreement must have been approved by the vote of a majority of those Trustees ofthe affected Trust(s) who are not parties to this Agreement or interestedpersons of any such party, cast in person at a meeting called for the purpose ofvoting on such approval. 

(d) The Advisor may, at any time and without any prior writtennotice to the other parties to this Agreement and the Board of Trustees of theaffected 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 written notice to the parties to this Agreement, terminate thisAgreement in respect of such Trust or a Portfolio, without payment of anypenalty, by action of the Board of Trustees of the affected Trust or by vote ofa majority of the Portfolio's outstanding voting securities. This Agreementshall terminate automatically in the event of its assignment. 

9. **Limitation of Liability:** The Sub-Advisor is herebyexpressly put on notice of the limitation of shareholder liability as set forthin the Declaration of Trust or other organizational document of each Trust andagrees that any obligations of the Trusts or the Portfolios arising inconnection with this Agreement shall be limited in all cases to the Trust orPortfolio and its assets, and the Sub-Advisor shall not seek satisfaction of anysuch obligation from the shareholders or any shareholder of the Trust orPortfolio. Nor shall the Sub-Advisor seek satisfaction of any such obligationfrom the Trustees or any individual Trustee of any Trust. 

10. **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. 

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.