Fidelity Select Fundranker

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TOP EIGHT MODEL PORTFOLIO OCTOBER 2008

1. Medical Equipment & Systems (FSMEX)
2. Biotechnology (FBIOX)
3. Pharmaceuticals (FPHAX)
4. Consumer Staples (FDFAX)
5. Paper & Forest Products (FSPFX)
6. Retailing (FSRPX)
7. Health Care (FSPHX)
8. IT Services (FBSOX)

EXCHANGES FOR OCTOBER 2, 2008

Sell Chemicals (FSCHX),
buy Pharmaceuticals (FPHAX)
Sell Energy Service (FSESX),
buy Consumer Staples (FDFAX)
Sell Communications Equipment (FSDCX),
buy Paper & Forest Products (FSPFX)
Sell Environmental (FSLEX),
buy Health Care (FSPHX)