Fidelity Select Fundranker

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TOP EIGHT MODEL PORTFOLIO MARCH 2008

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

EXCHANGE FOR MARCH 6, 2008

Sell Medical Equipment & Systems (FSMEX),
buy Energy Service (FSESX)