Fidelity Select Fundranker

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TOP EIGHT MODEL PORTFOLIO MAY 2011

1. Chemicals (FSCHX)
2. Energy (FSENX)
3. Natural Resources (FNARX)
4. Energy Service (FSESX)
5. Medical Delivery (FSHCX)
6. Health Care (FSPHX)
7. Pharmaceuticals (FPHAX)
8. Biotechnology (FBIOX)

EXCHANGES FOR MAY 9, 2011

Sell Industrials (FCYIX),
buy Health Care (FSPHX)
Sell Industrial Equipment (FSCGX),
buy Pharmaceuticals (FPHAX)
Sell Materials (FSDPX),
buy Biotechnology (FBIOX)