Fidelity Select Fundranker

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TOP EIGHT MODEL PORTFOLIO APRIL 2006

1. Gold (FSAGX)
2. Brokerage & Investment Mgmt (FSLBX)
3. Networking & Infrastructure (FNINX)
4. Air Transportation (FSAIX)
5. Energy Service (FSESX)
6. Environmental (FSLEX)
7. Developing Communications (FSDCX)
8. Natural Resources (FNARX)

EXCHANGES FOR APRIL 3, 2006

Sell Biotechnology (FBIOX),
buy Networking & Infrastructure (FNINX)
Sell Defense & Aerospace (FSDAX),
buy Energy Service (FSESX)
Sell Transportation (FSRFX),
buy Developing Communications (FSDCX)