Fidelity Select Fundranker

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TOP EIGHT MODEL PORTFOLIO JUNE 2007

1. Telecommunications (FSTCX)
2. Natural Resources (FNARX)
3. Wireless (FWRLX)
4. Natural Gas (FSNGX)
5. Utilities Growth (FSUTX)
6. Energy Service (FSESX)
7. Energy (FSENX)
8. IT Services (FBSOX)

EXCHANGES FOR JUNE 4, 2007

Sell Materials (FSDPX),
buy Telecommunications (FSTCX)
Sell Pharmaceuticals (FPHAX),
buy Wireless (FWRLX)
Sell Consumer Staples (FDFAX),
buy IT Services (FBSOX)