Fidelity International Real Estate Fund

(FIREX)

No Transaction Fee¹ |

Fidelity Fund Pick

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	Prospectus & Reports

Morningstar Ratings

as of 05/31/2008

	3 Year Morningstar Ratings
	Overall Morningstar Ratings

An overall rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating Metrics as of the date stated. The number of funds in the Specialty-Real Estate category tracked by Morningstar was 280 for the 3 year period and Overall Ranking. Please click on the question mark above for additional Morningstar information.

Fund Pick

This fund has been selected as a Fund Pick. Fund Picks from Fidelity^SM are chosen by Strategic Advisers, who apply Selection Criteria to funds in Morningstar Investment Categories.

Lipper Ranking

as of 06/30/2008

1 Year	#18 out of 38 International Real Estate

Additional Lipper Classification Rankings

The fund is ranked based on total return. Each fund is ranked within a universe of funds with similar investment objectives. Rankings include the reinvestment of dividends and capital gains but exclude the effect of a fund's sales load, if applicable. Lipper Inc. is a nationally recognized organization that ranks the performance of mutual funds.

Past performance is no guarantee of future results.

No Transaction Fee Fidelity funds are available without paying a trading fee to Fidelity or a sales load to the fund. However, the fund may charge a short-term trading or redemption fee to protect the interests of long-term shareholders of the fund. See Expenses & Fees for more information.




	Before investing, consider the fund's investment objectives, risks, charges and expenses. Contact Fidelity for a prospectus containing this information. Read it carefully.

Fidelity International Real Estate Fund

Ratings (FIREX)

Morningstar Ratings

Fund Picks (FIREX)

Fund Pick

Lipper Ranking (FIREX)

Lipper Ranking