Fidelity Select Fundranker

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TOP EIGHT MODEL PORTFOLIO JANUARY 2007

1. Telecommunications (FSTCX)
2. Utilities Growth (FSUTX)
3. Brokerage & Investment Mgmt (FSLBX)
4. Software & Computer Services (FSCSX)
5. Defense & Aerospace (FSDAX)
6. Multimedia (FBMPX)
7. Consumer Staples (FDFAX)
8. Gold (FSAGX)

EXCHANGES FOR JANUARY 8, 2007

Sell Air Transportation (FSAIX),
buy Multimedia (FBMPX)
Sell Natural Resources (FNARX),
buy Consumer Staples (FDFAX)