Fidelity Select Fundranker

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TOP EIGHT MODEL PORTFOLIO DECEMBER 2007

1. Gold (FSAGX)
2. Energy Service (FSESX)
3. Consumer Staples (FDFAX)
4. Natural Resources (FNARX)
5. Energy (FSENX)
6. Chemicals (FSCHX)
7. Wireless (FWRLX)
8. Materials (FSDPX)

EXCHANGES FOR DECEMBER 3, 2007

Sell Computers (FDCPX),
buy Consumer Staples (FDFAX)
Sell Technology (FSPTX),
buy Energy (FSENX)
Sell Natural Gas (FSNGX),
buy Chemicals (FSCHX)
Sell Software & Computer Services (FSCSX),
buy Materials (FSDPX)