SUB-RESEARCH AGREEMENT between FIDELITY INTERNATIONAL INVESTMENT ADVISORS (U.K.) LIMITED and FIDELITY INTERNATIONAL INVESTMENT ADVISORS
between
FIDELITY INTERNATIONAL INVESTMENT ADVISORS (U.K.) LIMITED
and
FIDELITY INTERNATIONAL INVESTMENT ADVISORS
AGREEMENT made this 1st day of July, 2003, by and between Fidelity International Investment Advisors (U.K.) Limited, 00-00 Xxxxx Xxxx, Xxxxxx, Xxxxxxx (hereinafter called the "U.K. Sub-Advisor") and Fidelity International Investment Advisors, a Bermuda company with principal offices at Pembroke Hall, Pembroke, Bermuda (hereinafter called the "Sub-Advisor").
WHEREAS Fidelity Management & Research Company, a Massachusetts corporation (hereinafter called the "Advisor"), has entered into various management contracts (each a "Management Contract") with those Massachusetts and Delaware business trusts, each a registered investment company issuing one or more series of shares of beneficial interest (each a "Trust") on behalf of each of their respective Portfolios listed on Schedule A attached hereto, as the same may be amended from time to time (each a "Portfolio"), pursuant to which the Advisor is to act as investment advisor to each of the Portfolios,
WHEREAS, the Sub-Advisor has entered into a Sub-Advisory Agreement with the Advisor (the "Sub-Advisory Agreement") pursuant to which the Sub-Advisor, directly or through certain of its subsidiaries or other affiliated persons (including the U.K. Sub-Adviser and Fidelity Investments Japan Limited), may provide investment advice and research services to the Advisor on behalf of the Portfolios pursuant to a number of agreements,
WHEREAS, the Sub-Advisor is willing to provide international investment advice and research services to the Advisor on behalf of each of the Portfolios listed on Schedule A, to the extent that such Portfolios may invest in international assets from time to time, and the Advisor desires that the Sub-Advisor provide such international investment advice and research services to the Advisor on behalf of such Portfolios under a Master International Research Agreement;
WHEREAS the U.K. Sub-Advisor has personnel in Western Europe and has been formed in part for the purpose of researching and compiling information and recommendations with respect to the economies of various countries, and securities of issuers located outside of the United States and Canada, principally in the U.K. and Europe; and
NOW THEREFORE, in consideration of the premises and the mutual promises hereinafter set forth, the Sub-Advisor and the U.K. Sub-Advisor agree as follows:
1. Delegated Duties: The Sub-Advisor hereby delegates to the U.K. Sub-Advisor and the U.K. Sub-Advisor accepts responsibility for performing such investment advice and research services, particularly with respect to issuers, companies, governments and economic conditions located outside of the U.S. and Canada, principally in the U.K. and Europe, with respect to all or a portion of the investments of each Portfolio, in connection with the Sub-Advisor's duties under the Sub-Advisory Agreement, as may be requested by the Sub-Advisor. The services and the portion of the investments of each Portfolio advised by the U.K. Sub-Advisor shall be as agreed upon from time to time by the Sub-Advisor and the U.K. Sub-Advisor. The U.K. Sub-Advisor shall pay the salaries and fees of all personnel of the U.K. Sub-Advisor performing the investment advice and research services for the Portfolios.
(a) Investment Advice and Research Services: If and to the extent requested by the Sub-Advisor, the U.K. Sub-Advisor shall provide investment advice and research services to the Sub-Advisor with respect to all or a portion of the investments of each Portfolio. In connection with providing such investment advice and research services, the U.K. Sub-Advisor shall furnish to the Sub-Advisor on behalf of each Portfolio such factual information, research reports and investment recommendations as the Advisor may reasonably require. Such information may include written and oral reports and analyses.
(b) Subsidiaries and Affiliates: The U.K. Sub-Advisor may perform any or all of the services contemplated by this Agreement directly or through such of its subsidiaries or other affiliated persons as the U.K Sub-Advisor shall determine; provided, however, that performance of such services through such subsidiaries or other affiliated persons shall have been approved by the affected Trust(s) to the extent required pursuant to the Investment Company Act of 1940 (the "1940 Act") and rules thereunder.
2. Information to be Provided to the Trusts and the Advisor: The U.K. Sub-Advisor shall furnish such reports, evaluations, information or analyses to the Trusts, the Advisor, and the Sub-Advisor as the Trusts' Board of Trustees, the Advisor or the Sub-Advisor may reasonably request from time to time, or as the U.K. Sub-Advisor may deem to be desirable.
3. Compensation: For investment advisory and research services provided under subparagraph (a) of paragraph 1 of this Agreement, the Sub-Advisor agrees to pay the U.K. Sub-Advisor a sub-advisory fee (the "U.K. Sub-Advisory Fee"). The U.K. Sub-Advisory Fee shall be equal to the administrative costs incurred by the U.K. Sub-Advisor in providing investment advice and research services hereunder. The U.K. Sub-Advisory Fee may be reduced to reflect expense reimbursements, fee waivers or aggregate caps, if any, in effect from time to time upon mutual agreement of the Sub-Advisor and the U.K. Sub-Advisor. Notwithstanding the foregoing, a Portfolio that is party to a sub-advisory agreement with the Sub-Advisor and the U.K. Sub-Advisor for the provision of either discretionary or non-discretionary services ("FIIA/FIIAL U.K. Sub-Advisory Agreement") shall not be allocated any portion of the U.K. Sub-Advisory Fee payable hereunder during any period in which such FIIA/FIIAL U.K. Sub-Advisory Agreement is in effect and either discretionary or non-discretionary services are being provided thereunder. As further consideration, the Sub-Advisor shall provide the U.K. Sub-Advisor with access to any and all research produced or acquired by the Sub-Advisor.
4. Expenses: It is understood that each Portfolio will pay all of its expenses other than those expressly stated to be payable by the U.K. Sub-Advisor hereunder, by the Sub-Advisor under the Sub-Advisory Agreement or by the Advisor under the Management Contract with the Portfolio.
5. Interested Persons: It is understood that the Trustees, officers, and shareholders of the Trusts are or may be or become interested in the Advisor, the Sub-Advisor or the U.K. Sub-Advisor as directors, officers or otherwise and that directors, officers and stockholders of the Advisor, the Sub-Advisor or the U.K. Sub-Advisor are or may be or become similarly interested in the Trusts, and that the Advisor, the Sub-Advisor or the U.K. Sub-Advisor may be or become interested in the Trusts as a shareholder or otherwise.
6. Services to Other Companies or Accounts: The Services of the U.K. Sub-Advisor to the Sub-Advisor are not to be deemed to be exclusive, the U.K. Sub-Advisor being free to render services to others and engage in other activities, provided, however, that such other services and activities do not, during the term of this Agreement, interfere, in a material manner, with the U.K. Sub-Advisor's ability to meet all of its obligations hereunder. The U.K. Sub-Advisor shall for all purposes be an independent contractor and not an agent or employee of the Advisor, the Sub-Advisor or the Trusts.
7. Standard of Care: In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on the part of the U.K. Sub-Advisor, the U.K. Sub-Advisor shall not be subject to liability to the Sub-Advisor, the Advisor, the Trusts or to any shareholder of the Portfolios for any act or omission in the course of, or connected with, rendering services hereunder or for any losses that may be sustained in the purchase, holding or sale 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, 2004 for each Portfolio designated as a Fixed-Income Portfolio on Schedule A and until July 31, 2004 for each Portfolio designated as a Equity Portfolio on Schedule A and indefinitely thereafter, but only so long as the continuance after such period shall be specifically approved at least annually by vote of the affected Trust's Board of Trustees or by vote of a majority of the outstanding voting securities of the Portfolio.
(b) This Agreement may be modified by mutual consent of the Advisor, the U.K. Sub-Advisor, the Sub-Advisor and the affected Trust(s) subject to the provisions of Section 15 of the 1940 Act, as modified by or interpreted by any applicable order or orders of the Securities and Exchange Commission (the "Commission") or any rules or regulations adopted by, or interpretative releases of, the Commission.
(c) In addition to the requirements of subparagraphs (a) and (b) of this paragraph 8, the terms of any continuance or modification of this Agreement must have been approved by the vote of a majority of those Trustees of the affected Trust(s) who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval.
(d) The Advisor may, at any time and without any prior written notice to the other parties to this Agreement and the Board of Trustees of the affected Trust(s), terminate this Agreement in respect of any or all of the Portfolios, 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 this Agreement in respect of such Trust or a Portfolio, without payment of any penalty, by action of the Board of Trustees of the affected Trust or by vote of a majority of the Portfolio's outstanding voting securities. This Agreement shall terminate automatically in the event of its assignment.
9. Limitation of Liability: The U.K. Sub-Advisor is hereby expressly put on notice of the limitation of shareholder liability as set forth in the Declaration of Trust or other organizational document of the Trusts and agrees that any obligations of any Trust or Portfolio arising in connection with this Agreement shall be limited in all cases to the Trust or a Portfolio and its assets, and the U.K. Sub-Advisor shall not seek satisfaction of any such obligation from the shareholders or any shareholder of the Trust or Portfolio. Nor shall the U.K. Sub-Advisor seek satisfaction of any such obligation from the Trustees or any individual Trustee of any Trust.
10. Governing Law: This Agreement shall be governed by, and construed 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 of the outstanding voting securities," "assignment," and "interested persons," when used herein, shall have the respective meanings specified in the 1940 Act as now in effect or as hereafter amended.
IN WITNESS WHEREOF the parties hereto have caused this instrument to be signed in their behalf by their respective officers thereunto duly authorized, and their respective seals to be hereunto affixed, all as of the date written above.
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FIDELITY INTERNATIONAL INVESTMENT ADVISORS (U.K.) LIMITED |
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BY: |
/s/Xxxxxxx Xxxx |
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Xxxxxxx Xxxx |
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Director
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FIDELITY INTERNATIONAL INVESTMENT ADVISORS |
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BY: |
/s/Xxxxx Xxxxxxx |
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Xxxxx Xxxxxxx |
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Director
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Schedule A
Trusts and Portfolios Covered by the Sub-Research Agreement, dated as of July 1, 2003
between
Fidelity International Investment Advisors
and
Fidelity International Investment Advisors (U.K.) Limited
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Name of Trust |
Name of Portfolio |
Type of Fund |
Effective Date |
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Fidelity Advisor Series I |
Fidelity Advisor Asset Allocation Fund |
Equity |
07/01/03 |
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Fidelity Advisor Series I |
Fidelity Advisor Balanced Fund |
Equity |
07/01/03 |
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Fidelity Advisor Series I |
Fidelity Advisor Dividend Growth Fund |
Equity |
07/01/03 |
|
Fidelity Advisor Series I |
Fidelity Advisor Dynamic Capital Appreciation Fund |
Equity |
07/01/03 |
|
Fidelity Advisor Series I |
Fidelity Advisor Equity Growth Fund |
Equity |
07/01/03 |
|
Fidelity Advisor Series I |
Fidelity Advisor Equity Income Fund |
Equity |
07/01/03 |
|
Fidelity Advisor Series I |
Fidelity Advisor Equity Value Fund |
Equity |
07/01/03 |
|
Fidelity Advisor Series I |
Fidelity Advisor Fifty Fund |
Equity |
07/01/03 |
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Fidelity Advisor Series I |
Fidelity Advisor Growth & Income Fund |
Equity |
07/01/03 |
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Fidelity Advisor Series I |
Fidelity Advisor Growth Opportunities Fund |
Equity |
07/01/03 |
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Fidelity Advisor Series I |
Fidelity Advisor Large Cap Fund |
Equity |
07/01/03 |
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Fidelity Advisor Series I |
Fidelity Advisor Leveraged Company Stock Fund |
Equity |
07/01/03 |
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Fidelity Advisor Series I |
Fidelity Advisor Mid Cap Fund |
Equity |
07/01/03 |
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Fidelity Advisor Series I |
Fidelity Advisor Small Cap Fund |
Equity |
07/01/03 |
|
Fidelity Advisor Series I |
Fidelity Advisor Strategic Growth Fund |
Equity |
07/01/03 |
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Fidelity Advisor Series I |
Fidelity Advisor Value Strategies Fund |
Equity |
07/01/03 |
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Fidelity Advisor Series II |
Fidelity Advisor Floating Rate High Income Fund |
Fixed-Income |
07/01/03 |
|
Fidelity Advisor Series II |
Fidelity Advisor High Income Fund |
Fixed-Income |
07/01/03 |
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Fidelity Advisor Series II |
Fidelity Advisor High Income Advantage Fund |
Fixed-Income |
07/01/03 |
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Fidelity Advisor Series II |
Fidelity Advisor Intermediate Bond Fund |
Fixed-Income |
07/01/03 |
|
Fidelity Advisor Series II |
Fidelity Advisor Mortgage Securities Fund |
Fixed-Income |
07/01/03 |
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Fidelity Advisor Series II |
Fidelity Advisor Short Fixed-Income Fund |
Fixed-Income |
07/01/03 |
|
Fidelity Advisor Series II |
Fidelity Advisor Strategic Income Fund |
Fixed-Income |
07/01/03 |
|
Fidelity Advisor Series IV |
Fidelity Real Estate High Income Fund |
Fixed-Income |
07/01/03 |
|
Fidelity Advisor Series VII |
Fidelity Advisor Biotechnology Fund |
Equity |
07/01/03 |
|
Fidelity Advisor Series VII |
Fidelity Advisor Consumer Industries Fund |
Equity |
07/01/03 |
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Fidelity Advisor Series VII |
Fidelity Advisor Cyclical Industries Fund |
Equity |
07/01/03 |
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Fidelity Advisor Series VII |
Fidelity Advisor Developing Communications Fund |
Equity |
07/01/03 |
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Fidelity Advisor Series VII |
Fidelity Advisor Electronics Fund |
Equity |
07/01/03 |
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Fidelity Advisor Series VII |
Fidelity Advisor Financial Services Fund |
Equity |
07/01/03 |
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Fidelity Advisor Series VII |
Fidelity Advisor Health Care Fund |
Equity |
07/01/03 |
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Fidelity Advisor Series VII |
Fidelity Advisor Natural Resources Fund |
Equity |
07/01/03 |
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Fidelity Advisor Series VII |
Fidelity Advisor Real Estate Fund |
Equity |
07/01/03 |
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Fidelity Advisor Series VII |
Fidelity Advisor Technology Fund |
Equity |
07/01/03 |
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Fidelity Advisor Series VII |
Fidelity Advisor Telecommunications & Utilities Growth Fund |
Equity |
07/01/03 |
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Fidelity Advisor Diversified International Fund |
Equity |
07/01/03 |
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Fidelity Advisor Emerging Asia Fund |
Equity |
07/01/03 |
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Fidelity Advisor Emerging Markets Income Fund |
Fixed-Income |
07/01/03 |
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Fidelity Advisor Europe Capital Appreciation Fund |
Equity |
07/01/03 |
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Fidelity Advisor Global Equity Fund |
Equity |
07/01/03 |
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Fidelity Advisor International Capital Appreciation Fund |
Equity |
07/01/03 |
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Fidelity Advisor Japan Fund |
Equity |
07/01/03 |
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Fidelity Advisor Korea Fund |
Equity |
07/01/03 |
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Fidelity Advisor Latin America Fund |
Equity |
07/01/03 |
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Fidelity Advisor Overseas Fund |
Equity |
07/01/03 |
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Fidelity Advisor Series VIII |
Fidelity Advisor Value Leaders Fund |
Equity |
07/01/03 |
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Fidelity Beacon Street Trust |
Fidelity Advisor Tax Managed Stock Fund |
Equity |
07/01/03 |
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Fidelity Beacon Street Trust |
Fidelity Tax Managed Stock Fund |
Equity |
07/01/03 |
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Fidelity Boston Street Trust |
Fidelity Target Timeline 2003 Fund |
Fixed-Income |
07/01/03 |
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Fidelity Boylston Street Trust |
Fidelity Stable Value Fund |
Fixed-Income |
07/01/03 |
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Fidelity Capital Trust |
Fidelity Capital Appreciation Fund |
Equity |
07/01/03 |
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Fidelity Capital Trust |
Fidelity Disciplined Equity Fund |
Equity |
07/01/03 |
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Fidelity Capital Trust |
Fidelity Small Cap Independence Fund |
Equity |
07/01/03 |
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Fidelity Capital Trust |
Fidelity Stock Selector Fund |
Equity |
07/01/03 |
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Fidelity Capital Trust |
Fidelity Focused Stock Fund |
Equity |
07/01/03 |
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Fidelity Capital Trust |
Fidelity Value Fund |
Equity |
07/01/03 |
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Fidelity Xxxxxxx Street Trust |
Fidelity Asset Manager |
Equity |
07/01/03 |
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Fidelity Xxxxxxx Street Trust |
Fidelity Asset Manager: Aggressive |
Equity |
07/01/03 |
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Fidelity Xxxxxxx Street Trust |
Fidelity Asset Manager: Growth |
Equity |
07/01/03 |
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Fidelity Xxxxxxx Street Trust |
Fidelity Asset Manager: Income |
Equity |
07/01/03 |
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Fidelity Xxxxxxx Street Trust |
Spartan Investment Grade Bond Fund |
Fixed-Income |
07/01/03 |
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Fidelity Commonwealth Trust |
Fidelity Intermediate Bond Fund |
Fixed-Income |
07/01/03 |
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Fidelity Commonwealth Trust |
Fidelity Large Cap Stock Fund |
Equity |
07/01/03 |
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Fidelity Commonwealth Trust |
Fidelity Mid Cap Stock Fund |
Equity |
07/01/03 |
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Fidelity Commonwealth Trust |
Fidelity Small Cap Retirement Fund |
Equity |
07/01/03 |
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Fidelity Commonwealth Trust |
Fidelity Small Cap Stock Fund |
Equity |
07/01/03 |
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Fidelity Contrafund |
Fidelity Contrafund |
Equity |
07/01/03 |
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Fidelity Contrafund |
Fidelity Advisor New Insights Fund |
Equity |
07/17/03 |
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Fidelity Xxxxxxxxx Trust |
Fidelity Real Estate High Income Fund II |
Fixed-Income |
07/01/03 |
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Fidelity Destiny Portfolios |
Fidelity Destiny I |
Equity |
07/01/03 |
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Fidelity Destiny Portfolios |
Fidelity Destiny II |
Equity |
07/01/03 |
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Fidelity Devonshire Trust |
Fidelity Equity-Income Fund |
Equity |
07/01/03 |
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Fidelity Devonshire Trust |
Fidelity Real Estate Investment Portfolio |
Equity |
07/01/03 |
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Fidelity Devonshire Trust |
Fidelity Structured Large Cap Growth Fund |
Equity |
07/01/03 |
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Fidelity Devonshire Trust |
Fidelity Structured Large Cap Value Fund |
Equity |
07/01/03 |
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Fidelity Devonshire Trust |
Fidelity Structured Mid Cap Growth Fund |
Equity |
07/01/03 |
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Fidelity Devonshire Trust |
Fidelity Structured Mid Cap Value Fund |
Equity |
07/01/03 |
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Fidelity Devonshire Trust |
Fidelity Utilities Fund |
Equity |
07/01/03 |
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Fidelity Financial Trust |
Fidelity Convertible Securities Fund |
Equity |
07/01/03 |
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Fidelity Financial Trust |
Fidelity Equity-Income II Fund |
Equity |
07/01/03 |
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Fidelity Financial Trust |
Fidelity Independence Fund |
Equity |
07/01/03 |
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Fidelity Fixed-Income Trust |
Fidelity High Income Fund |
Fixed-Income |
07/01/03 |
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Fidelity Fixed-Income Trust |
Fidelity Inflation-Protected Bond Fund |
Fixed-Income |
07/01/03 |
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Fidelity Fixed-Income Trust |
Fidelity Investment Grade Bond Fund |
Fixed-Income |
07/01/03 |
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Fidelity Fixed-Income Trust |
Fidelity Short-Term Bond Fund |
Fixed-Income |
07/01/03 |
|
Fidelity Hastings Street Trust |
Fidelity Contrafund II |
Equity |
07/01/03 |
|
Fidelity Hastings Street Trust |
Fidelity Fifty |
Equity |
07/01/03 |
|
Fidelity Hastings Street Trust |
Fidelity Fund |
Equity |
07/01/03 |
|
Fidelity Hastings Street Trust |
Fidelity Growth & Income II Portfolio |
Equity |
07/01/03 |
|
Fidelity Income Fund |
Fidelity Xxxxxx Xxx Fund |
Fixed-Income |
07/01/03 |
|
Fidelity Income Fund |
Fidelity Intermediate Government Income Fund |
Fixed-Income |
07/01/03 |
|
Fidelity Income Fund |
Fidelity Total Bond Fund |
Fixed-Income |
07/01/03 |
|
Fidelity Investment Trust |
Fidelity Aggressive International Fund |
Equity |
07/01/03 |
|
Fidelity Investment Trust |
Fidelity Canada Fund |
Equity |
07/01/03 |
|
Fidelity Investment Trust |
Fidelity China Region Fund |
Equity |
07/01/03 |
|
Fidelity Investment Trust |
Fidelity Diversified International Fund |
Equity |
07/01/03 |
|
Fidelity Investment Trust |
Fidelity Emerging Markets Fund |
Equity |
07/01/03 |
|
Fidelity Investment Trust |
Fidelity Europe Capital Appreciation Fund |
Equity |
07/01/03 |
|
Fidelity Investment Trust |
Fidelity Europe Fund |
Equity |
07/01/03 |
|
Fidelity Investment Trust |
Fidelity Global Balanced Fund |
Equity |
07/01/03 |
|
Fidelity Investment Trust |
Fidelity International Growth & Income Fund |
Equity |
07/01/03 |
|
Fidelity Investment Trust |
Fidelity International Small Cap Fund |
Equity |
07/01/03 |
|
Fidelity Investment Trust |
Fidelity Japan Fund |
Equity |
07/01/03 |
|
Fidelity Investment Trust |
Fidelity Japan Smaller Companies Fund |
Equity |
07/01/03 |
|
Fidelity Investment Trust |
Fidelity Latin America Fund |
Equity |
07/01/03 |
|
Fidelity Investment Trust |
Fidelity Nordic Fund |
Equity |
07/01/03 |
|
Fidelity Investment Trust |
Fidelity Overseas Fund |
Equity |
07/01/03 |
|
Fidelity Investment Trust |
Fidelity Pacific Basin Fund |
Equity |
07/01/03 |
|
Fidelity Investment Trust |
Fidelity Southeast Asia Fund |
Equity |
07/01/03 |
|
Fidelity Investment Trust |
Fidelity Worldwide Fund |
Equity |
07/01/03 |
|
Fidelity Magellan Fund |
Fidelity Magellan Fund |
Equity |
07/01/03 |
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Fidelity Mt. Xxxxxx Street Trust |
Fidelity Aggressive Growth Fund |
Equity |
07/01/03 |
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Fidelity Mt. Xxxxxx Street Trust |
Fidelity Growth Company Fund |
Equity |
07/01/03 |
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Fidelity Mt. Xxxxxx Street Trust |
Fidelity New Millennium Fund |
Equity |
07/01/03 |
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Fidelity Puritan Trust |
Fidelity Balanced Fund |
Equity |
07/01/03 |
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Fidelity Puritan Trust |
Fidelity Low-Priced Stock Fund |
Equity |
07/01/03 |
|
Fidelity Puritan Trust |
Fidelity Puritan Fund |
Equity |
07/01/03 |
|
Fidelity Puritan Trust |
Fidelity Value Discovery Fund |
Equity |
07/01/03 |
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Fidelity School Street Trust |
Fidelity New Markets Income Fund |
Fixed-Income |
07/01/03 |
|
Fidelity School Street Trust |
Fidelity Strategic Income Fund |
Fixed-Income |
07/01/03 |
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Fidelity Securities Fund |
Fidelity Advisor Aggressive Growth Fund |
Equity |
07/01/03 |
|
Fidelity Securities Fund |
Fidelity Blue Chip Growth Fund |
Equity |
07/01/03 |
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Fidelity Securities Fund |
Fidelity Blue Chip Value Fund |
Equity |
07/01/03 |
|
Fidelity Securities Fund |
Fidelity Dividend Growth Fund |
Equity |
07/01/03 |
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Fidelity Securities Fund |
Fidelity Growth & Income Portfolio |
Equity |
07/01/03 |
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Fidelity Securities Fund |
Fidelity Leveraged Company Stock Fund |
Equity |
07/01/03 |
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Fidelity Securities Fund |
Fidelity OTC Portfolio |
Equity |
07/01/03 |
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Fidelity Securities Fund |
Fidelity Real Estate Income Fund |
Fixed-Income |
07/01/03 |
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Fidelity Select Portfolios |
Fidelity Select Air Transportation Portfolio |
Equity |
07/01/03 |
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Fidelity Select Portfolios |
Fidelity Select Automotive Portfolio |
Equity |
07/01/03 |
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Fidelity Select Portfolios |
Fidelity Select Banking Portfolio |
Equity |
07/01/03 |
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Fidelity Select Portfolios |
Fidelity Select Biotechnology Portfolio |
Equity |
07/01/03 |
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Fidelity Select Portfolios |
Fidelity Select Brokerage and Investment Management Portfolio |
Equity |
07/01/03 |
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Fidelity Select Portfolios |
Fidelity Select Business Services and Outsourcing Portfolio |
Equity |
07/01/03 |
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Fidelity Select Portfolios |
Fidelity Select Chemicals Portfolio |
Equity |
07/01/03 |
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Fidelity Select Portfolios |
Fidelity Select Computers Portfolio |
Equity |
07/01/03 |
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Fidelity Select Portfolios |
Fidelity Select Construction and Housing Portfolio |
Equity |
07/01/03 |
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Fidelity Select Portfolios |
Fidelity Select Consumer Industries Portfolio |
Equity |
07/01/03 |
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Fidelity Select Portfolios |
Fidelity Select Cyclical Industries Portfolio |
Equity |
07/01/03 |
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Fidelity Select Portfolios |
Fidelity Select Defense and Aerospace Portfolio |
Equity |
07/01/03 |
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Fidelity Select Portfolios |
Fidelity Select Developing Communications Portfolio |
Equity |
07/01/03 |
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Fidelity Select Portfolios |
Fidelity Select Electronics Portfolio |
Equity |
07/01/03 |
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Fidelity Select Portfolios |
Fidelity Select Energy Portfolio |
Equity |
07/01/03 |
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Fidelity Select Portfolios |
Fidelity Select Energy Service Portfolio |
Equity |
07/01/03 |
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Fidelity Select Portfolios |
Fidelity Select Environmental Services Portfolio |
Equity |
07/01/03 |
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Fidelity Select Portfolios |
Fidelity Select Financial Services Portfolio |
Equity |
07/01/03 |
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Fidelity Select Portfolios |
Fidelity Select Food and Agriculture Portfolio |
Equity |
07/01/03 |
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Fidelity Select Portfolios |
Fidelity Select Gold Portfolio |
Equity |
07/01/03 |
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Fidelity Select Portfolios |
Fidelity Select Health Care Portfolio |
Equity |
07/01/03 |
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Fidelity Select Portfolios |
Fidelity Select Home Finance Portfolio |
Equity |
07/01/03 |
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Fidelity Select Portfolios |
Fidelity Select Industrial Equipment Portfolio |
Equity |
07/01/03 |
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Fidelity Select Portfolios |
Fidelity Select Industrial Materials Portfolio |
Equity |
07/01/03 |
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Fidelity Select Portfolios |
Fidelity Select Insurance Portfolio |
Equity |
07/01/03 |
|
Fidelity Select Portfolios |
Fidelity Select Leisure Portfolio |
Equity |
07/01/03 |
|
Fidelity Select Portfolios |
Fidelity Select Medical Delivery Portfolio |
Equity |
07/01/03 |
|
Fidelity Select Portfolios |
Fidelity Select Medical Equipment and Systems Portfolio |
Equity |
07/01/03 |
|
Fidelity Select Portfolios |
Fidelity Select Multimedia Portfolio |
Equity |
07/01/03 |
|
Fidelity Select Portfolios |
Fidelity Select Natural Gas Portfolio |
Equity |
07/01/03 |
|
Fidelity Select Portfolios |
Fidelity Select Natural Resources Portfolio |
Equity |
07/01/03 |
|
Fidelity Select Portfolios |
Fidelity Select Networking and Infrastructure Portfolio |
Equity |
07/01/03 |
|
Fidelity Select Portfolios |
Fidelity Select Paper and Forest Products Portfolio |
Equity |
07/01/03 |
|
Fidelity Select Portfolios |
Fidelity Select Pharmaceuticals Portfolio |
Equity |
07/01/03 |
|
Fidelity Select Portfolios |
Fidelity Select Retailing Portfolio |
Equity |
07/01/03 |
|
Fidelity Select Portfolios |
Fidelity Select Software and Computer Services Portfolio |
Equity |
07/01/03 |
|
Fidelity Select Portfolios |
Fidelity Select Technology Portfolio |
Equity |
07/01/03 |
|
Fidelity Select Portfolios |
Fidelity Select Telecommunications Portfolio |
Equity |
07/01/03 |
|
Fidelity Select Portfolios |
Fidelity Select Transportation Portfolio |
Equity |
07/01/03 |
|
Fidelity Select Portfolios |
Fidelity Select Utilities Growth Portfolio |
Equity |
07/01/03 |
|
Fidelity Select Portfolios |
Fidelity Select Wireless Portfolio |
Equity |
07/01/03 |
|
Fidelity Summer Street Trust |
Fidelity Capital & Income Fund |
Fixed-Income |
07/01/03 |
|
Fidelity Trend Fund |
Fidelity Trend Fund |
Equity |
07/01/03 |
|
Fidelity Union Street Trust |
Fidelity Export and Multinational Fund |
Equity |
07/01/03 |
|
Variable Insurance Products Fund |
VIP High Income Portfolio |
Fixed-Income |
07/01/03 |
|
Variable Insurance Products Fund |
VIP Overseas Portfolio |
Equity |
07/01/03 |
|
Variable Insurance Products Fund |
VIP Value Portfolio |
Equity |
07/01/03 |
|
Variable Insurance Products Fund II |
VIP Asset Manager Portfolio |
Equity |
07/01/03 |
|
Variable Insurance Products Fund II |
VIP Asset Manager: Growth Portfolio |
Equity |
07/01/03 |
|
Variable Insurance Products Fund II |
VIP Contrafund Portfolio |
Equity |
07/01/03 |
|
Variable Insurance Products Fund III |
VIP Aggressive Growth Portfolio |
Equity |
07/01/03 |
|
Variable Insurance Products Fund III |
VIP Balanced Portfolio |
Equity |
07/01/03 |
|
Variable Insurance Products Fund III |
VIP Dynamic Capital Appreciation Portfolio |
Equity |
07/01/03 |
|
Variable Insurance Products Fund III |
VIP Growth & Income Portfolio |
Equity |
07/01/03 |
|
Variable Insurance Products Fund III |
VIP Growth Opportunities Portfolio |
Equity |
07/01/03 |
|
Variable Insurance Products Fund III |
VIP Mid Cap Portfolio |
Equity |
07/01/03 |
|
Variable Insurance Products Fund III |
VIP Value Strategies Portfolio |
Equity |
07/01/03 |
|
Variable Insurance Products Fund IV |
VIP Consumer Industries Portfolio |
Equity |
07/01/03 |
|
Variable Insurance Products Fund IV |
VIP Cyclical Industries Portfolio |
Equity |
07/01/03 |
|
Variable Insurance Products Fund IV |
VIP Financial Services Portfolio |
Equity |
07/01/03 |
|
Variable Insurance Products Fund IV |
VIP Growth Stock Portfolio |
Equity |
07/01/03 |
|
Variable Insurance Products Fund IV |
VIP Health Care Portfolio |
Equity |
07/01/03 |
|
Variable Insurance Products Fund IV |
VIP Natural Resources Portfolio |
Equity |
07/01/03 |
|
Variable Insurance Products Fund IV |
VIP Real Estate Portfolio |
Equity |
07/01/03 |
|
Variable Insurance Products Fund IV |
VIP Technology Portfolio |
Equity |
07/01/03 |
|
Variable Insurance Products Fund IV |
VIP Telecommunications & Utilities Growth Portfolio |
Equity |
07/01/03 |
|
Variable Insurance Products Fund IV |
VIP Value Leaders Portfolio |
Equity |
07/01/03 |
Agreed and Accepted
as of July 17, 2003
|
Fidelity International Investment Advisors |
Fidelity International Investment Advisors (U.K.) Limited |
|
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By:/s/Xxxxx Xxxxxxx |
By:/s/Xxxxxxx Xxxx |
|
Xxxxx Xxxxxxx |
Xxxxxxx Xxxx |
|
Director |
Director |
