SUPPLEMENT TO THE
FIDELITY'S TARGETED
INTERNATIONAL EQUITY
FUNDS PROSPECTUS
DATED DECEMBER 30, 1995
The following information replaces the similar information found in the
"Charter" section beginning on page P-21:
   Alexandra Edzard is manager of Germany Fund, which she has managed since
September 1996. Ms. Edzard joined Fidelity Investments Limited as an
analyst in 1994. Previously, she was an investment officer for Deutsche
Bank AG in London, from 1991 to 1994.    
Shigeki Makino is vice president and manager of Japan Fund and Pacific
Basin Fund, which he has managed since October 1994 and May 1996,
respectively. Previously, he was an analyst. Mr. Makino joined Fidelity in
1990.
Thomas Sweeney is vice president and manager of Canada Fund, which he has
managed since March 1996. Previously, he managed Capital Appreciation and
Select Paper and Forest Products. Mr. Sweeney joined Fidelity in 1985.
(small solid bullet) Fidelity International Investment Advisors (FIIA), in
Pembroke, Bermuda, serves as a sub-adviser for all the funds. Currently,
FIIA exercises discretionary management authority over Southeast Asia Fund,
Hong Kong and China Fund, Japan Fund, and Pacific Basin Fund in its
capacity as sub-adviser.
(small solid bullet) Fidelity International Investment Advisors (U.K.)
Limited (FIIAL U.K.), in Kent, England, serves as a sub-adviser for all the
funds. Currently, FIIAL U.K. exercises discretionary management authority
over Europe Fund, France Fund, Germany Fund, Nordic Fund, and United
Kingdom Fund in its capacity as sub-adviser.
(small solid bullet) Fidelity Investment Japan Ltd. (FIJ), in Tokyo, Japan
serves as a sub-adviser for Hong Kong and China Fund, Japan Fund, Japan
Small Companies Fund, and Southeast Asia Fund. Currently, FIJ exercises
discretionary management authority over Japan Small Companies Fund.
The following information supplements the section entitled "Securities and
Investment Practices" beginning on page P-25:
CASH MANAGEMENT. A fund may invest in money market securities, in a pooled
account of repurchase agreements, and in a money market fund available only
to funds and accounts managed by FMR or its affiliates, whose goal is to
seek a high level of current income while maintaining a stable $1.00 share
price. A major change in interest rates or a default on the money market
fund's investments could cause its share price to change.
The following information replaces the similar information found in the
"Sales Charge Reductions and Waivers" section on page P-38:
2. To shares in a Fidelity account purchased with the proceeds of a
distribution from an employee benefit plan, provided that at the time of
the distribution, the employer or its affiliate maintained a plan that both
qualified for waiver (1) above and had at least some of its assets invested
in Fidelity-managed products. (Distributions transferred to an IRA account
must be transferred within 60 days from the date of the distribution. All
other distributions must be transferred directly into a Fidelity account.)
FINANCIAL HIGHLIGHTS
The following information supplements the information set forth in the
Prospectus. The tables report selected data of Fidelity France Fund,
Fidelity Germany Fund, Fidelity Hong Kong and China Fund, Fidelity Japan
Small Companies Fund, Fidelity Nordic Fund, and Fidelity United Kingdom
Fund for a share outstanding throughout the periods November 1, 1995
(commencement of operations) to April 30, 1996 (Unaudited):
FRANCE
 
<TABLE>
<CAPTION>
<S>                                                    <C>           
                                                       NOVEMBER 1, 1995    
                                                       (COMMENCEMENT       
                                                       OF OPERATIONS) TO   
                                                       APRIL 30, 1996      
                                                       (UNAUDITED)         
 
SELECTED PER-SHARE DATA                                $ 10.00       
Net asset value, beginning of period                                                                                            
 
Income from Investment Operations      
 
 Net investment income (loss)                          (.01) F      
 
 Net realized and unrealized gain (loss)                1.72         
 
 Total from investment operations                       1.71         
 
Less Distributions                                      (.04)        
From net investment income                                                                                                       
 
Redemption fees added to paid in capital                .04          
 
Net asset value, end of period                           $ 11.71       
 
TOTAL RETURN B, C                                        17.56%       
 
RATIOS AND SUPPLEMENTAL DATA            
 
Net assets, end of period (000 omitted)                  $ 7,396       
 
Ratio of expenses to average net assets                  2.00% A, D   
 
Ratio of net investment income (loss) to average net
 assets                                                  (.16)% A     
 
Portfolio turnover rate                                  42% A        
 
Average commission rate E                                $ .1879       
 
A ANNUALIZED                                                                                                                   
B THE TOTAL RETURNS WOULD HAVE BEEN LOWER HAD CERTAIN EXPENSES NOT 
BEEN REDUCED DURING THE PERIODS SHOWN (SEE NOTE 7 OF NOTES TO 
FINANCIAL STATEMENTS).                    
C TOTAL RETURNS DO NOT INCLUDE THE ONE TIME SALES CHARGE AND FOR 
PERIODS OF LESS THAN ONE YEAR ARE NOT ANNUALIZED.                                                         
D FMR AGREED TO REIMBURSE A PORTION OF THE FUND'S EXPENSES DURING 
THE PERIOD. WITHOUT THIS REIMBURSEMENT, THE FUND'S EXPENSE RATIO 
WOULD HAVE BEEN HIGHER.                 
E A FUND IS REQUIRED TO DISCLOSE ITS AVERAGE COMMISSION RATE PER 
SHARE FOR SECURITY TRADES ON WHICH COMMISSIONS ARE CHARGED. THIS 
AMOUNT MAY VARY                          
FROM PERIOD TO PERIOD AND FUND TO FUND DEPENDING ON THE MIX OF 
TRADES EXECUTED IN VARIOUS MARKETS WHERE TRADING PRACTICES AND 
COMMISSION RATE STRUCTURES                   
MAY DIFFER.                                                                                                                    
F NET INVESTMENT INCOME PER SHARE HAS BEEN CALCULATED BASED ON 
AVERAGE SHARES OUTSTANDING DURING THE PERIOD.                               
 
</TABLE>
 
<TABLE>
<CAPTION>
<S>                                                        <C>           
GERMANY
                                                           NOVEMBER 1, 1995    
                                                           (COMMENCEMENT       
                                                           OF OPERATIONS) TO   
                                                           APRIL 30, 1996      
                                                           (UNAUDITED)         
 
SELECTED PER-SHARE DATA   (UNAUDITED)
 
Net asset value, beginning of period                       $ 10.00       
 
Income from Investment Operations            
 
 Net investment income (loss)                              (.03)        
 
 Net realized and unrealized gain (loss)                   .52          
 
 Total from investment operations                          .49          
 
Redemption fees added to paid in capital                   .02          
 
Net asset value, end of period                             $ 10.51       
 
TOTAL RETURN B, C                                          5.10%        
 
RATIOS AND SUPPLEMENTAL DATA                        
 
Net assets, end of period (000 omitted)                    $ 6,187       
 
Ratio of expenses to average net assets                    2.00% A, D   
 
Ratio of net investment income (loss) to average net assets (.77)% A     
 
Portfolio turnover rate                                    74% A        
 
Average commission rate E                                  $ .2294       
 
A ANNUALIZED                                                                                                                     
B THE TOTAL RETURNS WOULD HAVE BEEN LOWER HAD CERTAIN EXPENSES 
NOT BEEN REDUCED DURING THE PERIODS SHOWN (SEE NOTE 7 OF NOTES 
TO FINANCIAL STATEMENTS).                        
C TOTAL RETURNS DO NOT INCLUDE THE ONE TIME SALES CHARGE AND 
FOR PERIODS OF LESS THAN ONE YEAR ARE NOT ANNUALIZED.                                                             
D FMR AGREED TO REIMBURSE A PORTION OF THE FUND'S EXPENSES DURING 
THE PERIOD. WITHOUT THIS REIMBURSEMENT, THE FUND'S EXPENSE RATIO 
WOULD HAVE BEEN HIGHER.                     
E A FUND IS REQUIRED TO DISCLOSE ITS AVERAGE COMMISSION RATE PER 
SHARE FOR SECURITY TRADES ON WHICH COMMISSIONS ARE CHARGED. THIS 
AMOUNT MAY VARY FROM PERIOD                  
TO PERIOD AND FUND TO FUND DEPENDING ON THE MIX OF TRADES EXECUTED 
IN VARIOUS MARKETS WHERE TRADING PRACTICES AND COMMISSION RATE 
STRUCTURES MAY DIFFER.                       
 
</TABLE>
 
 
 
<TABLE>
<CAPTION>
<S>                                                      <C>         
HONG KONG AND CHINA
                                                          NOVEMBER 1, 1995    
                                                          (COMMENCEMENT       
                                                          OF OPERATIONS) TO   
                                                          APRIL 30, 1996      
                                                           (UNAUDITED)         
 
 
SELECTED PER-SHARE DATA                                   $ 10.00     
Net asset value, beginning of period                                                                                            
 
Income from Investment Operations                         
 
 Net investment income                                    .17 F      
 
 Net realized and unrealized gain (loss)                  .93        
 
 Total from investment operations                         1.10       
 
Less Distributions                                        (.01)      
From net investment income                                                                                                   
 
Redemption fees added to paid in capital                 .05        
 
Net asset value, end of period                           $ 11.14     
 
TOTAL RETURN B, C                                       11.51%     
 
RATIOS AND SUPPLEMENTAL DATA                          
 
Net assets, end of period (000 omitted)                  $ 75,261    
 
Ratio of expenses to average net assets                 2.00% A,   
                                                        D          
 
Ratio of net investment income to average net assets     3.10% A    
 
Portfolio turnover rate                                  96% A      
 
Average commission rate E                               $ .0066     
 
A ANNUALIZED                                                                                                                   
B THE TOTAL RETURNS WOULD HAVE BEEN LOWER HAD CERTAIN EXPENSES NOT 
BEEN REDUCED DURING THE PERIODS SHOWN (SEE NOTE 7 OF NOTES TO 
FINANCIAL STATEMENTS).                  
C TOTAL RETURNS DO NOT INCLUDE THE ONE TIME SALES CHARGE AND FOR 
PERIODS OF LESS THAN ONE YEAR ARE NOT ANNUALIZED.                                                       
D FMR AGREED TO REIMBURSE A PORTION OF THE FUND'S EXPENSES DURING 
THE PERIOD. WITHOUT THIS REIMBURSEMENT, THE FUND'S EXPENSE RATIO 
WOULD HAVE BEEN HIGHER.               
E A FUND IS REQUIRED TO DISCLOSE ITS AVERAGE COMMISSION RATE PER 
SHARE FOR SECURITY TRADES ON WHICH COMMISSIONS ARE CHARGED. THIS 
AMOUNT MAY VARY FROM                   
PERIOD TO PERIOD AND FUND TO FUND DEPENDING ON THE MIX OF TRADES 
EXECUTED IN VARIOUS MARKETS WHERE TRADING PRACTICES AND COMMISSION 
RATE STRUCTURES MAY                  
DIFFER.                                                                                                                        
F NET INVESTMENT INCOME PER SHARE HAS BEEN CALCULATED BASED ON 
AVERAGE SHARES OUTSTANDING DURING THE PERIOD.                                                             
 
</TABLE>
 
 
<TABLE>
<CAPTION>
<S>                                                   <C>         
JAPAN SMALL COMPANIES
                                                      NOVEMBER 1, 1995    
                                                      (COMMENCEMENT       
                                                      OF OPERATIONS) TO   
                                                      APRIL 30, 1996      
                                                      (UNAUDITED)         
 
 
SELECTED PER-SHARE DATA         
 
Net asset value, beginning of period                  $ 10.00     
 
Income from Investment Operations   
 
 Net investment income                                .01 E      
 
 Net realized and unrealized gain (loss)              1.34       
 
 Total from investment operations                     1.35       
 
Redemption fees added to paid in capital               .02        
 
Net asset value, end of period                        $ 11.37     
 
TOTAL RETURN B, C                                     13.70%     
 
RATIOS AND SUPPLEMENTAL DATA             
 
Net assets, end of period (000 omitted)               $ 149,051   
 
Ratio of expenses to average net assets               1.38% A    
 
Ratio of net investment income to average net assets .11% A     
 
Portfolio turnover rate                              51% A      
 
Average commission rate D                            $ .0576     
 
A ANNUALIZED                                                                                                                   
B THE TOTAL RETURNS WOULD HAVE BEEN LOWER HAD CERTAIN EXPENSES NOT 
BEEN REDUCED DURING THE PERIODS SHOWN (SEE NOTE 7 OF NOTES TO 
FINANCIAL STATEMENTS).                 
C TOTAL RETURNS DO NOT INCLUDE THE ONE TIME SALES CHARGE AND FOR 
PERIODS OF LESS THAN ONE YEAR ARE NOT ANNUALIZED.                                                      
D A FUND IS REQUIRED TO DISCLOSE ITS AVERAGE COMMISSION RATE PER 
SHARE FOR SECURITY TRADES ON WHICH COMMISSIONS ARE CHARGED. THIS 
AMOUNT MAY VARY                       
FROM PERIOD TO PERIOD AND FUND TO FUND DEPENDING ON THE MIX OF 
TRADES EXECUTED IN VARIOUS MARKETS WHERE TRADING PRACTICES AND 
COMMISSION RATE STRUCTURES                
MAY DIFFER.                                                                                                                   
E NET INVESTMENT INCOME PER SHARE HAS BEEN CALCULATED BASED ON 
AVERAGE SHARES OUTSTANDING DURING THE PERIOD.                                                            
 
</TABLE>
 
 
<TABLE>
<CAPTION>
<S>                                                 <C>          
NORDIC
                                                    NOVEMBER 1, 1995    
                                                    (COMMENCEMENT       
                                                    OF OPERATIONS) TO   
                                                    APRIL 30, 1996      
                                                    (UNAUDITED)         
 
 
SELECTED PER-SHARE DATA         
 
 
Net asset value, beginning of period                $ 10.00      
 
Income from Investment Operations      
 
 Net investment income                             .09         
 
 Net realized and unrealized gain (loss)           .70         
 
 Total from investment operations                  .79         
 
Redemption fees added to paid in capital           .01         
 
Net asset value, end of period                     $ 10.80      
 
TOTAL RETURN B, C                                  8.00%       
 
RATIOS AND SUPPLEMENTAL DATA            
 
Net assets, end of period (000 omitted)            $ 7,908      
 
Ratio of expenses to average net assets             2.00% A,    
                                                    D            
 
Ratio of net investment income to average net assets  2.85% A     
 
Portfolio turnover rate                             75% A       
 
Average commission rate E                           $ .0514      
 
A ANNUALIZED                                                                      
B THE TOTAL RETURNS WOULD HAVE BEEN LOWER HAD CERTAIN EXPENSES NOT 
BEEN REDUCED DURING THE PERIODS SHOWN (SEE NOTE 7 OF NOTES TO 
FINANCIAL STATEMENTS).                       
C TOTAL RETURNS DO NOT INCLUDE THE ONE TIME SALES CHARGE AND FOR 
PERIODS OF LESS THAN ONE YEAR ARE NOT ANNUALIZED.                                                            
D FMR AGREED TO REIMBURSE A PORTION OF THE FUND'S EXPENSES DURING 
THE PERIOD. WITHOUT THIS REIMBURSEMENT, THE FUND'S EXPENSE RATIO 
WOULD HAVE BEEN HIGHER.                    
E A FUND IS REQUIRED TO DISCLOSE ITS AVERAGE COMMISSION RATE PER 
SHARE FOR SECURITY TRADES ON WHICH COMMISSIONS ARE CHARGED. THIS 
AMOUNT MAY VARY FROM PERIOD                 
TO PERIOD AND FUND TO FUND DEPENDING ON THE MIX OF TRADES EXECUTED 
IN VARIOUS MARKETS WHERE TRADING PRACTICES AND COMMISSION RATE 
STRUCTURES MAY DIFFER.                      
 
</TABLE>
 
 
<TABLE>
<CAPTION>
<S>                                              <C>          
UNITED KINGDOM
                                                 NOVEMBER 1, 1995    
                                                (COMMENCEMENT       
                                                OF OPERATIONS) TO   
                                                APRIL 30, 1996      
                                               (UNAUDITED)         
 
SELECTED PER-SHARE DATA       
 
 
Net asset value, beginning of period            $ 10.00      
 
Income from Investment Operations   
 
 Net investment income                          .10         
 
 Net realized and unrealized gain (loss)        .63         
 
 Total from investment operations               .73         
 
Less Distributions                               (.04)       
From net investment income                                                                                                      
 
 Redemption fees added to paid in capital        -           
 
Net asset value, end of period                   $ 10.69      
 
TOTAL RETURN B, C                                7.33%       
 
RATIOS AND SUPPLEMENTAL DATA              
 
Net assets, end of period (000 omitted)          $ 2,199      
 
Ratio of expenses to average net assets          2.00% A,    
                                                 D            
 
Ratio of net investment income to average net assets 2.23% A     
 
Portfolio turnover rate                           30% A       
 
Average commission rate E                        $ .0082      
 
A ANNUALIZED                                                                                                                   
B THE TOTAL RETURNS WOULD HAVE BEEN LOWER HAD CERTAIN EXPENSES NOT BEEN 
REDUCED DURING THE PERIODS SHOWN (SEE NOTE 7 OF NOTES TO FINANCIAL 
STATEMENTS).                       
C TOTAL RETURNS DO NOT INCLUDE THE ONE TIME SALES CHARGE AND FOR 
PERIODS OF LESS THAN ONE YEAR ARE NOT ANNUALIZED.                                                            
D FMR AGREED TO REIMBURSE A PORTION OF THE FUND'S EXPENSES DURING 
THE PERIOD. WITHOUT THIS REIMBURSEMENT, THE FUND'S EXPENSE RATIO 
WOULD HAVE BEEN HIGHER.                    
E A FUND IS REQUIRED TO DISCLOSE ITS AVERAGE COMMISSION RATE PER 
SHARE FOR SECURITY TRADES ON WHICH COMMISSIONS ARE CHARGED. THIS 
AMOUNT MAY VARY FROM PERIOD                 
TO PERIOD AND FUND TO FUND DEPENDING ON THE MIX OF TRADES EXECUTED 
IN VARIOUS MARKETS WHERE TRADING PRACTICES AND COMMISSION RATE 
STRUCTURES MAY DIFFER.                      
 
</TABLE>