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Communications Category	Glossary

Sharpe Ratio as of 09/30/2009. All other data as of 09/30/2009.   The performance data featured represents past performance, which is no guarantee of future results. Share price, yield and return will vary and you may have a gain or loss when you sell your shares.   Mutual fund performance fluctuates and currently may be significantly lower than stated. Periods of market strength may not be repeated

Performance  |  Loads and Fees  |  Volatility  |  Profile

			Select the fund name to view quarter-end returns,   risk, and fee information.
Fund Name/ Symbol/ Current Investment Style1 3-Yr. Sharpe Ratio Year to Date Average Annual Returns   1Yr 3Yr 5Yr 10Yr/ LOF2 Top-performing Fidelity funds (up to 5) Fidelity Select Communications Equip FSDCX Mid-Cap Growth 0.0800 75.09 21.80 0.01 4.79 -2.24 Trade Fidelity Select Telecommunications FSTCX Large-Cap Value -0.1600 41.17 10.13 -5.02 3.64 -3.76 Trade Fidelity Select Wireless FWRLX Large-Cap Growth 0.1000 51.75 14.29 1.36 7.20 -3.49 Trade Top-performing funds (up to 5 NTFs only) Fidelity Select Communications Equip FSDCX Mid-Cap Growth 0.0800 75.09 21.80 0.01 4.79 -2.24 Trade Fidelity Select Telecommunications FSTCX Large-Cap Value -0.1600 41.17 10.13 -5.02 3.64 -3.76 Trade Fidelity Select Wireless FWRLX Large-Cap Growth 0.1000 51.75 14.29 1.36 7.20 -3.49 Trade GAMCO Global Telecommunications AAA GABTX Large-Cap Value -0.0800 20.05 -0.06 -1.76 5.34 0.89 Trade
			No Transaction Fee

Average annual total returns are historical and include change in share price and reinvestment of dividends and capital gains and the effect of any applicable sales changes.

For certain funds, certain fees may have been waived or expenses advanced during the periods shown above. Without such waivers or advance or expenses, performance figures would have been lower. The NTF symbol indicates that the fund is available without paying a transaction fee to Fidelity. See the Glossary for more information on No Transaction Fee Funds.

1 See the Glossary for more about the current investment style and the relative index. You cannot invest directly in any market index. Not all funds have a relative index.

2 Life of Fund.

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