February 20, 1996

Mr. John Costello, Assistant Treasurer
Fidelity Investment Trust (the trust):
Fidelity Short-Term World Income Fund
Fidelity Global Bond Fund
Fidelity New Markets Income Fund (the funds)

82 Devonshire Street
Boston, Massachusetts 02109

Dear Mr. Costello:

Fidelity Investment Trust (the Trust) is a Massachusetts business 
trust initially created under the name Fidelity International Fund 
upon a written Declaration of Trust dated, executed and delivered 
in Boston, Massachusetts April 20, 1984. The trust's name was 
changed to Fidelity International Trust by vote of the Board of 
Trustees (the "Trustees") on June 28, 1984, and an Amended and 
Restated Declaration of Trust was filed with the office of the 
Secretary of the Commonwealth of Massachusetts on August 2, 
1984. The trust's name was changed to Fidelity Overseas Fund by 
vote of the Trustees on September 28, 1984, and a supplement to 
the Declaration of Trust was filed with the office of the Secretary of 
the Commonwealth of Massachusetts on October 18, 1984. The 
trust's name was changed from Fidelity Overseas Fund to Fidelity 
Investment Trust by vote of the Trustees on September 26, 1986, 
and a supplement to the Declaration of Trust was filed with the 
office of the Secretary of the Commonwealth of Massachusetts on 
November 3, 1986. A supplement to the Declaration of Trust was 
filed with the Secretary of the Commonwealth of Massachusetts on 
December 4, 1987. Two additional supplements were filed on 
November 7, 1988 and November 22, 1989, respectively, with the 
Secretary of the Commonwealth of Massachusetts. A restated 
Declaration of Trust dated February 16, 1995 was filed with the 
Secretary of the Commonwealth on April 3, 1995.
I have conducted such legal and factual inquiry as I have deemed 
necessary for the purpose of rendering this opinion.
Capitalized terms used herein, and not otherwise herein defined, are 
used as defined in the Declaration of Trust.
Under Article III, Section 1, of the Declaration of Trust, the 
beneficial interest in the trust shall be divided into such transferable 
Shares of one or more separate and distinct Series as the trustees 
shall from time to time create and establish. The number of Shares 
is unlimited and each Share shall be without par value and shall be 
fully paid and non assessable. The trustees shall have full power and 
authority, in their sole discretion and without obtaining any prior 
authorization or vote of the Shareholders of the trust to create and 
establish (and to change in any manner) Shares with such 
preferences, voting powers, rights, and privileges as the trustees 
may from time to time determine, to divide or combine the Shares 
into a greater or lesser number, to classify or reclassify any issued 
Shares into one or more Series of Shares, to abolish any one or 
more Series of Shares, and to take such other action with respect to 
the Shares as the trustees may deem desirable.
Under Article III, Section 4, the trustees shall accept investments in 
the trust from such persons and on such terms as they may from 
time to time authorize.  Such investments may be in the form of 
cash or securities in which the appropriate Series is authorized to 
invest, valued as provided in Article X, Section 3.  After the date of 
the initial contribution of capital, the number of Shares to represent 
the initial contribution may in the trustees' discretion be considered 
as outstanding and the amount received by the trustees on account 
of the contribution shall be treated as an asset of the trust.  
Subsequent investments in the trust shall be credited to each 
Shareholder's account in the form of full Shares of the trust at the 
Net Asset Value per Share next determined after the investment is 
received; provided, however, that the trustees may, in their sole 
discretion, (a) impose a sales charge upon investments in the trust 
and (b) issue fractional Shares.
By a vote adopted on April 20, 1984 and amended on February 22, 
1985, the Board of Trustees authorized the issue and sale, from 
time to time, of an unlimited number of shares of beneficial interest 
of the trust in accordance with the terms included in the current 
Registration Statement and subject to the limitations of the 
Declaration of Trust and any amendments thereto.
I understand from you that, pursuant to Rule 24f-2 under the 
Investment Company Act of 1940, the trust has registered an 
indefinite amount of shares of beneficial interest under the 
Securities Act of 1933. I further understand that, pursuant to the 
provisions of Rule 24f-2, the trust intends to file with the Securities 
and Exchange Commission a Notice making definite the registration 
of 44,921,885 shares of the trust (the "Shares") sold in reliance 
upon Rule 24f-2 during the fiscal year ended December 31, 1995.
I am of the opinion that all necessary trust action precedent to the 
issue of Shares has been duly taken, and that all the Shares were 
legally and validly issued, and are fully paid and non assessable, 
except as described in the funds' Statement of Additional 
Information under the heading "Shareholder and Trustee Liability." 
In rendering this opinion, I rely on the representation by the trust 
that it or its agent received consideration for the Shares in 
accordance with the Declaration of Trust and I express no opinion 
as to compliance with the Securities Act of 1933, the Investment 
Company Act of 1940 or applicable state "Blue Sky" or securities 
laws in connection with sales of the Shares.
I hereby consent to the filing of this opinion with the Securities and 
Exchange Commission in connection with a Rule 24f-2 Notice 
which you are about to file under the 1940 Act with said 
commission.
Sincerely,
/s/Arthur S. Loring
Arthur S. Loring
Vice President- Legal