Manager Change For Europe Cap App Fund

Manager Appointment:
Effective March 18,
Risteard Hogan has
been named portfolio manager of Fidelity Europe Capital Appreciation Fund
(FECAX), Fidelity Advisor Europe Capital Appreciation Fund and the European
sub-portfolios for Fidelity Global Balanced Fund (FGBLX), succeeding Melissa
Reilly who was recently appointed Capital Appreciation/Growth CIO for the Equity
Group at Fidelity. Hogan also manages the Fidelity Europe Fund.  

There are no changes to the buy-hold-sell ratings based on this change.