Fidelity Select Fundranker

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TOP EIGHT MODEL PORTFOLIO MAY 2009

1. Automotive (FSAVX)
2. Retailing (FSRPX)
3. Communications Equipment (FSDCX)
4. Wireless (FWRLX)
5. Telecommunications (FSTCX)
6. Technology (FSPTX)
7. Materials (FSDPX)
8. Construction & Housing (FSHOX)

EXCHANGES FOR MAY 4, 2009

Sell Gold (FSAGX),
buy Automotive (FSAVX)
Sell Biotechnology (FBIOX),
buy Communications Equipment (FSDCX)
Sell Pharmaceuticals (FPHAX),
buy Technology (FSPTX)
Sell Electronics (FSELX),
buy Materials (FSDPX)
Sell Computers (FDCPX),
buy Construction & Housing (FSHOX)