**Supplement to the**

**Fidelity**®**Diversified International Fund (FDIVX), Fidelity Global Commodity Stock Fund (FFGCX), Fidelity InternationalCapital Appreciation Fund (FIVFX), Fidelity International Discovery Fund (FIGRX), Fidelity International Growth Fund(FIGFX), Fidelity International Value Fund (FIVLX), Fidelity Overseas Fund (FOSFX), Fidelity Total International EquityFund (FTIEX), and Fidelity Worldwide Fund (FWWFX)**

**Fidelity Diversified International Fund is a Class of shares of Fidelity Diversified International Fund; Fidelity GlobalCommodity Stock Fund is a Class of shares of Fidelity Global Commodity Stock Fund; Fidelity International Discovery Fundis a Class of shares of Fidelity International Discovery Fund; Fidelity International Growth Fund is a Class of shares ofFidelity International Growth Fund; Fidelity International Value Fund is a Class of shares of Fidelity International ValueFund; Fidelity Overseas Fund is a Class of shares of Fidelity Overseas Fund; Fidelity Total International Equity Fund is aClass of shares of Fidelity Total International Equity Fund; and Fidelity Worldwide Fund is a Class of shares of FidelityWorldwide Fund**

**Funds of Fidelity Investment Trust**

**STATEMENT OF ADDITIONAL INFORMATION**

**December 30, 2011**

*The following information replaces similar information for Ian Hart found in the "Management Contracts" section beginning on page49.*

Vincent Montemaggiore is the portfolio manager of Fidelity Overseas Fund and receives compensation for his services. As of January 31,2012, portfolio manager compensation generally consists of a fixed base salary determined periodically (typically annually), a bonus, in certain cases, participation in several types of equity-based compensation plans, and, if applicable, relocation plan benefits. A portion of the portfolio manager's compensation may be deferred based on criteria established by FMR or at the election of the portfolio manager.

The portfolio manager's base salary is determined by level of responsibility and tenure at FMR or its affiliates. The primary components ofthe portfolio manager's bonus are based on the pre-tax investment performance of the portfolio manager's fund(s) and account(s) measuredagainst a benchmark index and within a defined peer group assigned to each fund or account, if applicable. The pre-tax investment performance of the portfolio manager's fund(s) and account(s) is weighted according to the portfolio manager's tenure on those fund(s) and account(s) and the average asset size of those fund(s) and account(s) over the portfolio manager's tenure. Each component is calculatedseparately over the portfolio manager's tenure on those fund(s) and account(s) over a measurement period that initially is contemporaneouswith the portfolio manager's tenure, but that eventually encompasses rolling periods of up to five years for the comparison to a benchmarkindex and rolling periods of up to three years for the comparison to a peer group, if applicable. A smaller, subjective component of the portfoliomanager's bonus is based on the portfolio manager's overall contribution to management of FMR. The portion of the portfolio manager'sbonus that is linked to the investment performance of Fidelity Overseas Fund is based on the fund's pre-tax investment performance measuredagainst the MSCI EAFE Index (net MA tax), and the fund's pre-tax investment performance (based on the performance of the fund's retailclass) within the Morningstar Foreign Large Blend Category. The portfolio manager also is compensated under equity-based compensationplans linked to increases or decreases in the net asset value of the stock of FMR LLC, FMR's parent company. FMR LLC is a diverse financialservices company engaged in various activities that include fund management, brokerage, retirement, and employer administrative services. Ifrequested to relocate their primary residence, portfolio managers also may be eligible to receive benefits, such as home sale assistance andpayment of certain moving expenses, under relocation plans for most full-time employees of FMR LLC and its affiliates.

The portfolio manager's compensation plan may give rise to potential conflicts of interest. Although investors in the fund may investthrough either tax-deferred accounts or taxable accounts, the portfolio manager's compensation is linked to the pre-tax performance of thefund, rather than its after-tax performance. The portfolio manager's base pay tends to increase with additional and more complex responsibilities that include increased assets under management and a portion of the bonus relates to marketing efforts, which together indirectly linkcompensation to sales. When a portfolio manager takes over a fund or an account, the time period over which performance is measured may beadjusted to provide a transition period in which to assess the portfolio. The management of multiple funds and accounts (including proprietaryaccounts) may give rise to potential conflicts of interest if the funds and accounts have different objectives, benchmarks, time horizons, andfees as the portfolio manager must allocate his time and investment ideas across multiple funds and accounts. In addition, a fund's trade allocation policies and procedures may give rise to conflicts of interest if the fund's orders do not get fully executed due to being aggregated withthose of other accounts managed by FMR or an affiliate. The portfolio manager may execute transactions for another fund or account that mayadversely impact the value of securities held by a fund. Securities selected for other funds or accounts may outperform the securities selectedfor the fund. Portfolio managers may be permitted to invest in the funds they manage, even if a fund is closed to new investors. Trading inpersonal accounts, which may give rise to potential conflicts of interest, is restricted by a fund's Code of Ethics.

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IBDB-12-01		March 6, 2012
1.467695.132
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The following table provides information relating to other accounts managed by Mr. Montemaggiore as of January 31, 2012: