Fidelity European Values PLC

16 January 2004

Monthly Summary as at 31 December 2003

A copy of the above document has been submitted to the UK Listing Authority,
and will shortly be available for inspection at the UK Listing Authority's
Document Viewing Facility, which is situated at:

Financial Services Authority

25 The North Colonnade

Canary Wharf

London

E14 5HS

Tel: 020 7676 1000

(Documents will usually be available for inspection within six normal business
hours of this notice being given).



END