Fidelity Select Fundranker

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TOP EIGHT MODEL PORTFOLIO SEPTEMBER 2006

1. Gold (FSAGX)
2. Software & Computer Services (FSCSX)
3. Utilities Growth (FSUTX)
4. Telecommunications (FSTCX)
5. Food & Agriculture (FDFAX)
6. Pharmaceuticals (FPHAX)
7. Industrial Materials (FSDPX)
8. Financial Services (FIDSX)

EXCHANGES FOR SEPTEMBER 5, 2006

Sell Natural Resources (FNARX),
buy Software & Computer Services (FSCSX)
Sell Energy (FSENX),
buy Telecommunications (FSTCX)
Sell Natural Gas (FSNGX),
buy Industrial Materials (FSDPX)
Sell Banking (FSRBX),
buy Financial Services (FIDSX)