-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 VgcuZJj50rWYefXh67m8ygccSJqEA5P/MFH9rwR2toQ0PMHRlpNUvj/1HOH2Gc3D
 Ih8uHyOhno8BDFmqByi+Cw==

<SEC-DOCUMENT>0001066556-09-000005.txt : 20091009
<SEC-HEADER>0001066556-09-000005.hdr.sgml : 20091009
<ACCEPTANCE-DATETIME>20091009095633
ACCESSION NUMBER:		0001066556-09-000005
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20091009
DATE AS OF CHANGE:		20091009
EFFECTIVENESS DATE:		20091009

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIDELITY INVESTORS II LTD PARTNERSHIP
		CENTRAL INDEX KEY:			0001066556
		IRS NUMBER:				043428328
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-135110
		FILM NUMBER:		091113184

	BUSINESS ADDRESS:	
		STREET 1:		100 SUMMER STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
		BUSINESS PHONE:		617-563-6336

	MAIL ADDRESS:	
		STREET 1:		100 SUMMER STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Fidelity Investors II Limited Partnership
		DATE OF NAME CHANGE:	20091006

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIDELITY INVESTORS II LTD PARTNERSHIP
		DATE OF NAME CHANGE:	19980721
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001066556</cik>
        <entityName>FIDELITY INVESTORS II LTD PARTNERSHIP</entityName>
        <issuerAddress>
            <street1>100 SUMMER STREET</street1>
            <city>BOSTON</city>
            <stateOrCountry>MA</stateOrCountry>
            <zipCode>02110</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>617-563-6336</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <edgarPreviousNameList>
            <previousName>Fidelity Investors II Limited Partnership</previousName>
            <previousName>FIDELITY INVESTORS II LTD PARTNERSHIP</previousName>
        </edgarPreviousNameList>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>-</firstName>
                <lastName>Northern Neck Investors Corporation</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>100 Summer Street</street1>
                <city>Boston</city>
                <stateOrCountry>MA</stateOrCountry>
                <zipCode>02110</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>General Partner of Issuer</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Investing</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <yetToOccur>true</yetToOccur>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>LLC Interests</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>true</isBusinessCombinationTransaction>
            <clarificationOfResponse>Transaction involves conversion of a Delaware limited partnership (the &quot;LP&quot;) into a Delaware limited liability company (the &quot;LLC&quot;), by converting LP into LLC.  See Item 13 for remainder of response.</clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>0</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse>Each limited partner of LP to receive for each unit of a given class or series of LP a unit of comparable class or series of LLC.  Accordingly, no valuation is placed on LLC units to be issued pursuant to conversion.  See also Item 10.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>0</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>FIDELITY INVESTORS II LTD PARTNERSHIP</issuerName>
                <signatureName>Minnie P. Joung</signatureName>
                <nameOfSigner>Minnie P. Joung</nameOfSigner>
                <signatureTitle>Assistant Secretary to General Partner</signatureTitle>
                <signatureDate>2009-10-08</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----