FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY

INVESTMENT COMPANY ACT FILE NUMBER: 811-03010

EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER: Fidelity Advisor Series VII

Fund Name: Fidelity Advisor Telecommunications & Utilities Growth Fund

82 DEVONSHIRE STREET, BOSTON, MA 02109
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)

ERIC D. ROITER, SECRETARY, 82 DEVONSHIRE STREET, BOSTON, MA 02109
(NAME AND ADDRESS OF AGENT FOR SERVICE)

REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: 617-563-7000

DATE OF FISCAL YEAR END: JULY 31

DATE OF REPORTING PERIOD: 06/30/2005

SIGNATURES

PURSUANT TO THE REQUIREMENTS OF THE INVESTMENT COMPANY ACT OF 1940, THE REGISTRANT HAS DULY CAUSED THIS REPORT TO BE SIGNED ON ITS BEHALF BY THE UNDERSIGNED, THERE UNTO DULY AUTHORIZED.

Fidelity Advisor Series VII

BY:  /s/ CHRISTINE REYNOLDS
-----------------------------------------------------
CHRISTINE REYNOLDS, TREASURER, FIDELITY MANAGEMENT & RESEARCH COMPANY
DATE: 08/09/2005 05:51:28 PM

EXHIBIT A

VOTE SUMMARY REPORT
Fidelity Advisor Telecommunications & Utilities Growth Fund
07/01/2004 - 06/30/2005

Note: The Security ID will be the CUSIP (Committee on Uniform Securities Identification Procedures) when available. When CUSIP is not available, an alternate identifier, e.g., CINS, will be provided.

ISSUER NAME: ADESA, INC. MEETING DATE: 05/17/2005
TICKER: KAR     SECURITY ID: 00686U104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT WYNN V. BUSSMANN AS A DIRECTOR	Management	For	For
1.2	ELECT THOMAS L. CUNNINGHAM AS A DIRECTOR	Management	For	For
1.3	ELECT DONALD C. WEGMILLER AS A DIRECTOR	Management	For	For
2	RATIFICATION OF APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP (AN INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM) AS ADESA S INDEPENDENT AUDITORS.1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: ALAMOSA HOLDINGS, INC. MEETING DATE: 02/15/2005
TICKER: APCS     SECURITY ID: 011589108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO APPROVE THE ISSUANCE OF SHARES OF COMMON STOCK, PAR VALUE $0.01 PER SHARE, OF ALAMOSA PURSUANT TO THE AGREEMENT AND PLAN OF MERGER, DATED AS OF DECEMBER 7, 2004, BY AND AMONG ALAMOSA, A-CO. MERGER SUB, INC. AND AIRGATE PCS, INC. (THE MERGER AGREEMENT ), AS DESCRIBED IN THE JOINT PROXY STATEMENT- PROSPECTUS AND THE MERGER AGREEMENT.1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: ALAMOSA HOLDINGS, INC. MEETING DATE: 06/02/2005
TICKER: APCS     SECURITY ID: 011589108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT KENDALL W. COWAN AS A DIRECTOR	Management	For	For
1.2	ELECT SCHUYLER B. MARSHALL AS A DIRECTOR	Management	For	For
1.3	ELECT THOMAS F. RILEY AS A DIRECTOR	Management	For	For
1.4	ELECT JANE E. SHIVERS AS A DIRECTOR	Management	For	For
2	APPROVAL OF AMENDMENT TO OUR THIRD AMENDED AND RESTATED EMPLOYEE STOCK PURCHASE PLAN.	Management	For	For
3	APPROVAL OF AMENDMENT TO OUR AMENDED AND RESTATED 1999 LONG-TERM INCENTIVE PLAN.	Management	For	For
4	RATIFICATION OF THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE 2005 FISCAL YEAR.	Management	For	For

ISSUER NAME: ALLEGHENY ENERGY, INC. MEETING DATE: 05/12/2005
TICKER: AYE     SECURITY ID: 017361106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT H. FURLONG BALDWIN AS A DIRECTOR	Management	For	For
1.2	ELECT ELEANOR BAUM AS A DIRECTOR	Management	For	For
1.3	ELECT PAUL J. EVANSON AS A DIRECTOR	Management	For	For
1.4	ELECT CYRUS F. FREIDHEIM, JR. AS A DIRECTOR	Management	For	For
1.5	ELECT JULIA L. JOHNSON AS A DIRECTOR	Management	For	For
1.6	ELECT TED J. KLEISNER AS A DIRECTOR	Management	For	For
1.7	ELECT STEVEN H. RICE AS A DIRECTOR	Management	For	For
1.8	ELECT GUNNAR E. SARSTEN AS A DIRECTOR	Management	For	For
1.9	ELECT MICHAEL H. SUTTON AS A DIRECTOR	Management	For	For
2	RATIFICATION OF APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.	Management	For	For
3	STOCKHOLDER PROPOSAL REQUIRING MANAGEMENT TO RETAIN STOCK.	Shareholder	Against	Against
4	STOCKHOLDER PROPOSAL REGARDING AN INDEPENDENT BOARD CHAIRMAN.	Shareholder	Against	Against
5	STOCKHOLDER PROPOSAL TO DISCOURAGE ANY OVEREXTENDED DIRECTORS.	Shareholder	Against	Against
6	STOCKHOLDER PROPOSAL REGARDING PERFORMANCE-BASED OPTIONS.	Shareholder	Against	Against

ISSUER NAME: ALLETE, INC. MEETING DATE: 05/10/2005
TICKER: ALE     SECURITY ID: 018522300
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT EDDINS AS A DIRECTOR	Management	For	For
1.2	ELECT JOHNSON AS A DIRECTOR	Management	For	For
1.3	ELECT LUDLOW AS A DIRECTOR	Management	For	For
1.4	ELECT MAYER AS A DIRECTOR	Management	For	For
1.5	ELECT PEIRCE AS A DIRECTOR	Management	For	For
1.6	ELECT RAJALA AS A DIRECTOR	Management	For	For
1.7	ELECT SHIPPAR AS A DIRECTOR	Management	For	For
1.8	ELECT SMITH AS A DIRECTOR	Management	For	For
1.9	ELECT STENDER AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS ALLETE S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.	Management	For	For
3	APPROVAL OF THE CONTINUATION OF THE ALLETE EXECUTIVE LONG-TERM INCENTIVE COMPENSATION PLAN.	Management	For	Against

ISSUER NAME: ALLTEL CORPORATION MEETING DATE: 04/21/2005
TICKER: AT     SECURITY ID: 020039103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JOHN R. BELK AS A DIRECTOR	Management	For	For
1.2	ELECT GREGORY W. PENSKE AS A DIRECTOR	Management	For	For
1.3	ELECT WARREN A. STEPHENS AS A DIRECTOR	Management	For	For
2	RATIFICATION OF APPOINTMENT OF INDEPENDENT AUDITORS	Management	For	For

ISSUER NAME: AMERICAN TOWER CORPORATION MEETING DATE: 05/26/2005
TICKER: AMT     SECURITY ID: 029912201
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT RAYMOND P. DOLAN AS A DIRECTOR	Management	For	For
1.2	ELECT CAROLYN F. KATZ AS A DIRECTOR	Management	For	For
1.3	ELECT GUSTAVO LARA CANTU AS A DIRECTOR	Management	For	For
1.4	ELECT FRED R. LUMMIS AS A DIRECTOR	Management	For	For
1.5	ELECT PAMELA D.A. REEVE AS A DIRECTOR	Management	For	For
1.6	ELECT JAMES D. TAICLET, JR. AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE SELECTION OF DELOITTE & TOUCHE LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2005.1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: AQUA AMERICA, INC. MEETING DATE: 05/19/2005
TICKER: WTR     SECURITY ID: 03836W103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MARY C. CARROLL AS A DIRECTOR	Management	For	For
1.2	ELECT DR. C. PAPADAKIS AS A DIRECTOR	Management	For	For

ISSUER NAME: AT&T CORP. MEETING DATE: 06/30/2005
TICKER: T     SECURITY ID: 001957505
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	ADOPT THE MERGER AGREEMENT AMONG SBC, AT&T AND MERGER SUB1	Management	For	For
2	ADJOURNMENT TO PERMIT FURTHER SOLICITATION OF PROXIES IN FAVOR OF ITEM 1	Management	For	For
3.1	ELECT W.F. ALDINGER AS A DIRECTOR	Management	For	For
3.2	ELECT K.T. DERR AS A DIRECTOR	Management	For	For
3.3	ELECT D.W. DORMAN AS A DIRECTOR	Management	For	For
3.4	ELECT M.K. EICKHOFF-SMITH AS A DIRECTOR	Management	For	For
3.5	ELECT H.L. HENKEL AS A DIRECTOR	Management	For	For
3.6	ELECT F.C. HERRINGER AS A DIRECTOR	Management	For	For
3.7	ELECT J.C. MADONNA AS A DIRECTOR	Management	For	For
3.8	ELECT D.F. MCHENRY AS A DIRECTOR	Management	For	For
3.9	ELECT T.L. WHITE AS A DIRECTOR	Management	For	For
4	RATIFICATION OF AUDITORS	Management	For	For
5	NO FUTURE STOCK OPTIONS	Shareholder	Against	Against
6	LINK RESTRICTED STOCK UNIT VESTING TO PERFORMANCE	Shareholder	Against	Against
7	EXECUTIVE COMPENSATION	Shareholder	Against	Against
8	POISON PILL	Shareholder	Against	Against
9	SHAREHOLDER APPROVAL OF FUTURE SERPS	Shareholder	Against	Against
10	SHAREHOLDER RATIFICATION OF SEVERANCE AGREEMENTS	Shareholder	Against	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: BELLSOUTH CORPORATION MEETING DATE: 04/25/2005
TICKER: BLS     SECURITY ID: 079860102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT F. DUANE ACKERMAN AS A DIRECTOR	Management	For	For
1.2	ELECT REUBEN V. ANDERSON AS A DIRECTOR	Management	For	For
1.3	ELECT JAMES H. BLANCHARD AS A DIRECTOR	Management	For	For
1.4	ELECT J. HYATT BROWN AS A DIRECTOR	Management	For	For
1.5	ELECT ARMANDO M. CODINA AS A DIRECTOR	Management	For	For
1.6	ELECT KATHLEEN F. FELDSTEIN AS A DIRECTOR	Management	For	For
1.7	ELECT JAMES P. KELLY AS A DIRECTOR	Management	For	For
1.8	ELECT LEO F. MULLIN AS A DIRECTOR	Management	For	For
1.9	ELECT WILLIAM S. STAVROPOULOS AS A DIRECTOR	Management	For	For
1.10	ELECT ROBIN B. SMITH AS A DIRECTOR	Management	For	For
2	RATIFY THE APPOINTMENT OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	Management	For	For
3	SHAREHOLDER PROPOSAL RE: DISCLOSURE OF POLITICAL CONTRIBUTIONS	Shareholder	Against	Against

ISSUER NAME: CITIZENS COMMUNICATIONS COMPANY MEETING DATE: 05/26/2005
TICKER: CZN     SECURITY ID: 17453B101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JERRY ELLIOTT AS A DIRECTOR	Management	For	For
1.2	ELECT LAWTON WEHLE FITT AS A DIRECTOR	Management	For	For
1.3	ELECT STANLEY HARFENIST AS A DIRECTOR	Management	For	For
1.4	ELECT WILLIAM M. KRAUS AS A DIRECTOR	Management	For	For
1.5	ELECT SCOTT N. SCHNEIDER AS A DIRECTOR	Management	For	For
1.6	ELECT LARRAINE D. SEGIL AS A DIRECTOR	Management	For	For
1.7	ELECT ROBERT A. STANGER AS A DIRECTOR	Management	For	For
1.8	ELECT EDWIN TORNBERG AS A DIRECTOR	Management	For	For
1.9	ELECT DAVID H. WARD AS A DIRECTOR	Management	For	For
1.10	ELECT MYRON A. WICK, III AS A DIRECTOR	Management	For	For
1.11	ELECT MARY AGNES WILDEROTTER AS A DIRECTOR	Management	For	For
2	TO CONSIDER AND VOTE UPON AN AMENDMENT TO THE CITIZENS COMMUNICATIONS COMPANY AMENDED AND RESTATED 2000 EQUITY INCENTIVE PLAN TO REMOVE THE 2,500,000 SHARE SUB-LIMIT FOR STOCK-BASED AWARDS OTHER THAN STOCK OPTIONS, WITHOUT INCREASING THE TOTAL NUMBER OF SHARES AVAILABLE FOR ISSUANCE UNDER THE 2000 PLAN.	Management	For	Against
3	TO RATIFY THE APPOINTMENT OF KPMG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2005.	Management	For	For
4	TO TRANSACT ANY OTHER BUSINESS THAT MAY PROPERLY BE BROUGHT BEFORE THE MEETING OR ANY ADJOURNMENT OR POSTPONEMENT OF THE MEETING.	Management	For	Abstain

ISSUER NAME: CONSTELLATION ENERGY GROUP, INC. MEETING DATE: 05/20/2005
TICKER: CEG     SECURITY ID: 210371100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT YVES C. DE BALMANN AS A DIRECTOR	Management	For	For
1.2	ELECT F.A. HRABOWSKI, III AS A DIRECTOR	Management	For	For
1.3	ELECT NANCY LAMPTON AS A DIRECTOR	Management	For	For
1.4	ELECT LYNN M. MARTIN AS A DIRECTOR	Management	For	For
2	RATIFICATION OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR 2005.	Management	For	For

ISSUER NAME: CROWN CASTLE INTERNATIONAL CORP. MEETING DATE: 05/26/2005
TICKER: CCI     SECURITY ID: 228227104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DALE N. HATFIELD AS A DIRECTOR	Management	For	For
1.2	ELECT LEE W. HOGAN AS A DIRECTOR	Management	For	For
1.3	ELECT ROBERT F. MCKENZIE AS A DIRECTOR	Management	For	For
1.4	ELECT ROBERT E. GARRISON II AS A DIRECTOR	Management	For	For
2	THE RATIFICATION OF THE APPOINTMENT OF KPMG LLP AS THE COMPANY S INDEPENDENT PUBLIC ACCOUNTANTS FOR 2005.	Management	For	For

ISSUER NAME: DOMINION RESOURCES, INC. MEETING DATE: 04/22/2005
TICKER: D     SECURITY ID: 25746U109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT PETER W. BROWN AS A DIRECTOR	Management	For	For
1.2	ELECT RONALD J. CALISE AS A DIRECTOR	Management	For	For
1.3	ELECT THOS. E. CAPPS AS A DIRECTOR	Management	For	For
1.4	ELECT GEORGE A. DAVIDSON, JR. AS A DIRECTOR	Management	For	For
1.5	ELECT THOMAS F. FARRELL, II AS A DIRECTOR	Management	For	For
1.6	ELECT JOHN W. HARRIS AS A DIRECTOR	Management	For	For
1.7	ELECT ROBERT S. JEPSON, JR. AS A DIRECTOR	Management	For	For
1.8	ELECT MARK J. KINGTON AS A DIRECTOR	Management	For	For
1.9	ELECT BENJAMIN J. LAMBERT III AS A DIRECTOR	Management	For	For
1.10	ELECT RICHARD L. LEATHERWOOD AS A DIRECTOR	Management	For	For
1.11	ELECT MARGARET A. MCKENNA AS A DIRECTOR	Management	For	For
1.12	ELECT KENNETH A. RANDALL AS A DIRECTOR	Management	For	For
1.13	ELECT FRANK S. ROYAL AS A DIRECTOR	Management	For	For
1.14	ELECT S. DALLAS SIMMONS AS A DIRECTOR	Management	For	For
1.15	ELECT DAVID A. WOLLARD AS A DIRECTOR	Management	For	For
2	APPROVE THE ADOPTION OF THE NON-EMPLOYEE DIRECTORS COMPENSATION PLAN.	Management	For	Against
3	APPROVE THE ADOPTION OF THE 2005 INCENTIVE COMPENSATION PLAN.	Management	For	For
4	RATIFY THE APPOINTMENT OF INDEPENDENT AUDITORS FOR THE 2005 FINANCIAL STATEMENTS.	Management	For	For
5	SHAREHOLDER PROPOSAL.	Shareholder	Against	Against

ISSUER NAME: DUKE ENERGY CORPORATION MEETING DATE: 05/12/2005
TICKER: DUK     SECURITY ID: 264399106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ROGER AGNELLI* AS A DIRECTOR1	Management	For	For
1.2	ELECT G. ALEX BERNHARDT, SR.* AS A DIRECTOR1	Management	For	For
1.3	ELECT DENNIS R. HENDRIX* AS A DIRECTOR1	Management	For	For
1.4	ELECT A. MAX LENNON** AS A DIRECTOR1	Management	For	For
2	APPROVAL OF AMENDMENTS TO DUKE ENERGY S RESTATED ARTICLES OF INCORPORATION TO ELIMINATE CLASSIFICATION OF DUKE ENERGY S BOARD OF DIRECTORS.	Management	For	For
3	RATIFICATION OF DELOITTE & TOUCHE LLP AS DUKE ENERGY S INDEPENDENT AUDITORS FOR 2005.1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: DYCOM INDUSTRIES, INC. MEETING DATE: 11/23/2004
TICKER: DY     SECURITY ID: 267475101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT CHARLES M. BRENNAN, III AS A DIRECTOR	Management	For	For
1.2	ELECT JOSEPH M. SCHELL AS A DIRECTOR	Management	For	For
2	THE APPROVAL OF THE COMPANY S ANNUAL INCENTIVE PLAN.	Management	For	For

ISSUER NAME: ENTERGY CORPORATION MEETING DATE: 05/13/2005
TICKER: ETR     SECURITY ID: 29364G103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT M.S. BATEMAN AS A DIRECTOR	Management	For	For
1.2	ELECT W.F. BLOUNT AS A DIRECTOR	Management	For	For
1.3	ELECT S.D. DEBREE AS A DIRECTOR	Management	For	For
1.4	ELECT C.P. DEMING AS A DIRECTOR	Management	For	For
1.5	ELECT A.M. HERMAN AS A DIRECTOR	Management	For	For
1.6	ELECT D.C. HINTZ AS A DIRECTOR	Management	For	For
1.7	ELECT J.W. LEONARD AS A DIRECTOR	Management	For	For
1.8	ELECT R. V.D. LUFT AS A DIRECTOR	Management	For	For
1.9	ELECT K.A. MURPHY AS A DIRECTOR	Management	For	For
1.10	ELECT J.R. NICHOLS AS A DIRECTOR	Management	For	For
1.11	ELECT W.A. PERCY, II AS A DIRECTOR	Management	For	For
1.12	ELECT D.H. REILLEY AS A DIRECTOR	Management	For	For
1.13	ELECT S.V. WILKINSON AS A DIRECTOR	Management	For	For
2	RATIFICATION OF EXTERNAL AUDITORS.	Management	For	For
3	STOCKHOLDER PROPOSAL REGARDING INDEPENDENT CHAIRMAN OF BOARD OF DIRECTORS.	Shareholder	Against	Against
4	STOCKHOLDER PROPOSAL REGARDING MAJORITY ELECTION OF DIRECTORS.	Shareholder	Against	Against

ISSUER NAME: EQUITABLE RESOURCES, INC. MEETING DATE: 04/13/2005
TICKER: EQT     SECURITY ID: 294549100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	ELECTION OF DIRECTOR - TERM EXPIRING 2007 NOMINEE: VICKY A. BAILEY	Management	For	For
2.1	ELECT PHYLLIS A DOMM ED.D* AS A DIRECTOR1	Management	For	For
2.2	ELECT DAVID L. PORGES* AS A DIRECTOR1	Management	For	For
2.3	ELECT JAMES E. ROHR* AS A DIRECTOR1	Management	For	For
2.4	ELECT DAVID S. SHAPIRA* AS A DIRECTOR1	Management	For	For
3	RATIFY APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: FIRSTENERGY CORP. MEETING DATE: 05/17/2005
TICKER: FE     SECURITY ID: 337932107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT A.J. ALEXANDER AS A DIRECTOR	Management	For	For
1.2	ELECT R.W. MAIER AS A DIRECTOR	Management	For	For
1.3	ELECT R.N. POKELWALDT AS A DIRECTOR	Management	For	For
1.4	ELECT W.M. TAYLOR AS A DIRECTOR	Management	For	For
1.5	ELECT J.T. WILLIAMS, SR. AS A DIRECTOR	Management	For	For
2	RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	Management	For	For
3	SHAREHOLDER PROPOSAL	Shareholder	Against	Against
4	SHAREHOLDER PROPOSAL	Shareholder	Against	For
5	SHAREHOLDER PROPOSAL	Shareholder	Against	Against

ISSUER NAME: GOLDEN TELECOM, INC. MEETING DATE: 05/19/2005
TICKER: GLDN     SECURITY ID: 38122G107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT VLADIMIR ANDROSIK AS A DIRECTOR	Management	For	For
1.2	ELECT PETR AVEN AS A DIRECTOR	Management	For	For
1.3	ELECT MICHAEL CALVEY AS A DIRECTOR	Management	For	For
1.4	ELECT ASHLEY DUNSTER AS A DIRECTOR	Management	For	For
1.5	ELECT DAVID HERMAN AS A DIRECTOR	Management	For	For
1.6	ELECT KJELL JOHNSEN AS A DIRECTOR	Management	For	For
1.7	ELECT DMITRY KOROL AS A DIRECTOR	Management	For	For
1.8	ELECT ANDREY KOSOGOV AS A DIRECTOR	Management	For	For
1.9	ELECT PAVEL KULIKOV AS A DIRECTOR	Management	For	For
1.10	ELECT JAN THYGESEN AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE SELECTION OF OOO ERNST & YOUNG AS INDEPENDENT PUBLIC AUDITORS OF THE COMPANY1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: INPHONIC, INC. MEETING DATE: 06/23/2005
TICKER: INPC     SECURITY ID: 45772G105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DAVID A. STEINBERG AS A DIRECTOR	Management	For	For
1.2	ELECT JAY HOAG AS A DIRECTOR	Management	For	For
2	TO RATIFY THE SELECTION OF KPMG LLP AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.	Management	For	For

ISSUER NAME: IOWA TELECOMMUNICATIONS SERVICES INC MEETING DATE: 06/16/2005
TICKER: IWA     SECURITY ID: 462594201
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MR. ALAN L. WELLS AS A DIRECTOR	Management	For	For
1.2	ELECT MR. BRIAN P. FRIEDMAN AS A DIRECTOR	Management	For	For
2	TO RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS IOWA TELECOM S INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2005.1	Management	For	For
3	TO RATIFY AND ADOPT THE 2005 STOCK INCENTIVE PLAN.	Management	For	Against
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: KEYSPAN CORPORATION MEETING DATE: 05/20/2005
TICKER: KSE     SECURITY ID: 49337W100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ROBERT B. CATELL AS A DIRECTOR	Management	For	For
1.2	ELECT ANDREA S. CHRISTENSEN AS A DIRECTOR	Management	For	For
1.3	ELECT ROBERT J. FANI AS A DIRECTOR	Management	For	For
1.4	ELECT ALAN H. FISHMAN AS A DIRECTOR	Management	For	For
1.5	ELECT JAMES R. JONES AS A DIRECTOR	Management	For	For
1.6	ELECT JAMES L.LAROCCA AS A DIRECTOR	Management	For	For
1.7	ELECT GLORIA C. LARSON AS A DIRECTOR	Management	For	For
1.8	ELECT STEPHEN W. MCKESSY AS A DIRECTOR	Management	For	For
1.9	ELECT EDWARD D. MILLER AS A DIRECTOR	Management	For	For
1.10	ELECT VIKKI L. PRYOR AS A DIRECTOR	Management	For	For
2	RATIFICATION OF DELOITTE & TOUCHE LLP AS INDEPENDENT REGISTERED ACCOUNTANTS.1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: MCI INC. MEETING DATE: 05/16/2005
TICKER: MCIP     SECURITY ID: 552691107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT N. KATZENBACH AS A DIRECTOR	Management	For	For
1.2	ELECT D. BERESFORD AS A DIRECTOR	Management	For	For
1.3	ELECT M. CAPELLAS AS A DIRECTOR	Management	For	For
1.4	ELECT W. GREGORY AS A DIRECTOR	Management	For	For
1.5	ELECT J. HABERKORN AS A DIRECTOR	Management	For	For
1.6	ELECT L. HARRIS AS A DIRECTOR	Management	For	For
1.7	ELECT E. HOLDER AS A DIRECTOR	Management	For	For
1.8	ELECT M. NEPORENT AS A DIRECTOR	Management	For	For
1.9	ELECT C. ROGERS, JR. AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF KPMG AS INDEPENDENT AUDITORS FOR 2005.	Management	For	For

ISSUER NAME: NEXTEL PARTNERS, INC. MEETING DATE: 05/12/2005
TICKER: NXTP     SECURITY ID: 65333F107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ADAM ARON AS A DIRECTOR	Management	For	For
1.2	ELECT JOHN CHAPPLE AS A DIRECTOR	Management	For	For
1.3	ELECT STEVEN B. DODGE AS A DIRECTOR	Management	For	For
1.4	ELECT TIMOTHY DONAHUE AS A DIRECTOR	Management	For	For
1.5	ELECT ARTHUR W. HARRIGAN, JR. AS A DIRECTOR	Management	For	For
1.6	ELECT JAMES N. PERRY, JR. AS A DIRECTOR	Management	For	For
1.7	ELECT CAROLINE H. RAPKING AS A DIRECTOR	Management	For	For
1.8	ELECT DENNIS M. WEIBLING AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT BY THE AUDIT COMMITTEE OF INDEPENDENT PUBLIC ACCOUNTANTS.	Management	For	For

ISSUER NAME: NII HOLDINGS, INC. MEETING DATE: 04/27/2005
TICKER: NIHD     SECURITY ID: 62913F201
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT NEAL P. GOLDMAN AS A DIRECTOR	Management	For	For
1.2	ELECT CHARLES M. HERINGTON AS A DIRECTOR	Management	For	For
1.3	ELECT JOHN W. RISNER AS A DIRECTOR	Management	For	For
2	RATIFICATION OF PRICEWATERHOUSECOOPERS LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR 2005.	Management	For	For

ISSUER NAME: NRG ENERGY, INC. MEETING DATE: 05/24/2005
TICKER: NRG     SECURITY ID: 629377508
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT LAWRENCE S. COBEN AS A DIRECTOR	Management	For	For
1.2	ELECT HERBERT H. TATE AS A DIRECTOR	Management	For	For
1.3	ELECT WALTER R. YOUNG AS A DIRECTOR	Management	For	For
2	AMENDMENT TO ARTICLE SEVEN OF THE AMENDED AND RESTATED CERTIFICATE OF INCORPORATION	Management	For	Against
3	AMENDMENT DELETING ARTICLE SIXTEEN OF THE AMENDED AND RESTATED CERTIFICATE OF INCORPORATION	Management	For	For
4	RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	Management	For	For

ISSUER NAME: NTL INCORPORATED MEETING DATE: 05/19/2005
TICKER: NTLI     SECURITY ID: 62940M104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JAMES F. MOONEY AS A DIRECTOR	Management	For	For
1.2	ELECT WILLIAM R. HUFF AS A DIRECTOR	Management	For	For
1.3	ELECT GEORGE R. ZOFFINGER AS A DIRECTOR	Management	For	For
2	RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE INDEPENDENT AUDITORS OF THE COMPANY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2005.1	Management	For	For
3	ADOPTION OF SHARE ISSUANCE FEATURE OF THE NTL GROUP 2005 BONUS SCHEME.	Management	For	For
4	ADOPTION OF SHARE ISSUANCE FEATURE OF THE NTL LONG TERM INCENTIVE.	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: ONEOK, INC. MEETING DATE: 05/19/2005
TICKER: OKE     SECURITY ID: 682680103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JAMES C. DAY* AS A DIRECTOR1	Management	For	For
1.2	ELECT DAVID L. KYLE* AS A DIRECTOR1	Management	For	For
1.3	ELECT BERT H. MACKIE* AS A DIRECTOR1	Management	For	For
1.4	ELECT MOLLIE B. WILLIFORD* AS A DIRECTOR1	Management	For	For
1.5	ELECT EDUARDO A. RODRIGUEZ** AS A DIRECTOR1	Management	For	For
2	TO APPROVE THE ONEOK, INC. EQUITY COMPENSATION PLAN.	Management	For	Against
3	TO APPROVE AN AMENDMENT TO THE ONEOK, INC. EMPLOYEE STOCK PURCHASE PLAN.	Management	For	For
4	TO RATIFY THE SELECTION OF KPMG LLP AS INDEPENDENT AUDITOR OF THE CORPORATION FOR THE 2005 FISCAL YEAR.	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: PEOPLES ENERGY CORPORATION MEETING DATE: 02/25/2005
TICKER: PGL     SECURITY ID: 711030106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT K.E. BAILEY AS A DIRECTOR	Management	For	For
1.2	ELECT J.R. BORIS AS A DIRECTOR	Management	For	For
1.3	ELECT W.J. BRODSKY AS A DIRECTOR	Management	For	For
1.4	ELECT P. CAFFERTY AS A DIRECTOR	Management	For	For
1.5	ELECT D.S. FERGUSON AS A DIRECTOR	Management	For	For
1.6	ELECT J.W. HIGGINS AS A DIRECTOR	Management	For	For
1.7	ELECT D.C. JAIN AS A DIRECTOR	Management	For	For
1.8	ELECT M.E. LAVIN AS A DIRECTOR	Management	For	For
1.9	ELECT H.J. LIVINGSTON, JR. AS A DIRECTOR	Management	For	For
1.10	ELECT T.M. PATRICK AS A DIRECTOR	Management	For	For
1.11	ELECT R.P. TOFT AS A DIRECTOR	Management	For	For
1.12	ELECT A.R. VELASQUEZ AS A DIRECTOR	Management	For	For
2	APPROVAL OF SHAREHOLDER PROPOSAL	Management	Unknown	For

ISSUER NAME: PG&E CORPORATION MEETING DATE: 04/20/2005
TICKER: PCG     SECURITY ID: 69331C108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DAVID R. ANDREWS AS A DIRECTOR	Management	For	For
1.2	ELECT LESLIE S. BILLER AS A DIRECTOR	Management	For	For
1.3	ELECT DAVID A. COULTER AS A DIRECTOR	Management	For	For
1.4	ELECT C. LEE COX AS A DIRECTOR	Management	For	For
1.5	ELECT PETER A. DARBEE AS A DIRECTOR	Management	For	For
1.6	ELECT ROBERT D. GLYNN, JR AS A DIRECTOR	Management	For	For
1.7	ELECT MARY S. METZ AS A DIRECTOR	Management	For	For
1.8	ELECT BARBARA L. RAMBO AS A DIRECTOR	Management	For	For
1.9	ELECT BARRY LAWSON WILLIAMS AS A DIRECTOR	Management	For	For
2	RATIFICATION OF APPOINTMENT OF INDEPENDENT PUBLIC ACCOUNTANTS	Management	For	For
3	ADOPTION OF A NEW LONG-TERM INCENTIVE PLAN	Management	For	Against
4	EXPENSE STOCK OPTIONS	Shareholder	Against	Against
5	RADIOACTIVE WASTES	Shareholder	Against	Against
6	POISON PILL	Shareholder	Against	Against
7	PERFORMANCE-BASED OPTIONS	Shareholder	Against	Against
8	FUTURE GOLDEN PARACHUTES	Shareholder	Against	Against

ISSUER NAME: PIEDMONT NATURAL GAS COMPANY, INC. MEETING DATE: 03/04/2005
TICKER: PNY     SECURITY ID: 720186105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MALCOLM E. EVERETT III AS A DIRECTOR	Management	For	For
1.2	ELECT MURIEL W. HELMS AS A DIRECTOR	Management	For	For
1.3	ELECT FRANK B. HOLDING, JR. AS A DIRECTOR	Management	For	For
1.4	ELECT MINOR M. SHAW AS A DIRECTOR	Management	For	For
2	RATIFICATION OF SELECTION OF DELOITTE & TOUCHE LLP AS INDEPENDENT AUDITORS1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: PPL CORPORATION MEETING DATE: 04/22/2005
TICKER: PPL     SECURITY ID: 69351T106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT FREDERICK M. BERNTHAL AS A DIRECTOR	Management	For	For
1.2	ELECT JOHN R. BIGGAR AS A DIRECTOR	Management	For	For
1.3	ELECT LOUISE K. GOESER AS A DIRECTOR	Management	For	For
2	RATIFICATION OF APPOINTMENT OF INDEPENDENT AUDITOR	Management	For	For

ISSUER NAME: PRICE COMMUNICATIONS CORPORATION MEETING DATE: 05/03/2005
TICKER: PR     SECURITY ID: 741437305
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT STUART B. ROSENSTEIN AS A DIRECTOR	Management	For	For
1.2	ELECT FRANK OSBORN AS A DIRECTOR	Management	For	For

ISSUER NAME: QWEST COMMUNICATIONS INTERNATIONAL I MEETING DATE: 05/24/2005
TICKER: Q     SECURITY ID: 749121109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT LINDA G. ALVARADO AS A DIRECTOR	Management	For	For
1.2	ELECT CANNON Y. HARVEY AS A DIRECTOR	Management	For	For
1.3	ELECT RICHARD C. NOTEBAERT AS A DIRECTOR	Management	For	For
2	MANAGEMENT PROPOSAL - RATIFICATION OF THE APPOINTMENT OF KPMG LLP AS OUR INDEPENDENT AUDITOR FOR 2005 YOUR BOARD OF DIRECTORS RECOMMENDS YOU VOTE FOR ITEM 2.	Management	For	For
3	STOCKHOLDER PROPOSAL - REQUESTING WE ADOPT A POLICY THAT ALL MEMBERS OF CERTAIN COMMITTEES OF THE BOARD OF DIRECTORS SHALL BE INDEPENDENT UNDER A DEFINITION OF INDEPENDENCE ADOPTED BY THE COUNCIL OF INSTITUTIONAL INVESTORS YOUR BOARD OF DIRECTORS RECOMMENDS YOU VOTE AGAINST ITEM 3.	Shareholder	Against	Against
4	STOCKHOLDER PROPOSAL - REQUESTING WE SEEK STOCKHOLDER APPROVAL OF CERTAIN BENEFITS FOR SENIOR EXECUTIVES UNDER OUR NON-QUALIFIED PENSION PLAN OR ANY SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN YOUR BOARD OF DIRECTORS RECOMMENDS YOU VOTE AGAINST ITEM 4.	Shareholder	Against	Against
5	STOCKHOLDER PROPOSAL - REQUESTING WE ADOPT A POLICY WHEREBY, IN THE EVENT OF A SUBSTANTIAL RESTATEMENT OF FINANCIAL RESULTS, OUR BOARD SHALL REVIEW CERTAIN PERFORMANCE-BASED COMPENSATION MADE TO EXECUTIVE OFFICERS AND PURSUE LEGAL REMEDIES TO RECOVER SUCH COMPENSATION YOUR BOARD OF DIRECTORS RECOMMENDS YOU VOTE AGAINST ITEM 5.	Shareholder	Against	Against

ISSUER NAME: SBC COMMUNICATIONS INC. MEETING DATE: 04/29/2005
TICKER: SBC     SECURITY ID: 78387G103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT GILBERT F. AMELIO AS A DIRECTOR	Management	For	For
1.2	ELECT AUGUST A. BUSCH III AS A DIRECTOR	Management	For	For
1.3	ELECT MARTIN K. EBY, JR. AS A DIRECTOR	Management	For	For
1.4	ELECT JAMES A. HENDERSON AS A DIRECTOR	Management	For	For
1.5	ELECT CHARLES F. KNIGHT AS A DIRECTOR	Management	For	For
1.6	ELECT LYNN M. MARTIN AS A DIRECTOR	Management	For	For
1.7	ELECT JOHN B. MCCOY AS A DIRECTOR	Management	For	For
1.8	ELECT MARY S. METZ AS A DIRECTOR	Management	For	For
1.9	ELECT TONI REMBE AS A DIRECTOR	Management	For	For
1.10	ELECT S. DONLEY RITCHEY AS A DIRECTOR	Management	For	For
1.11	ELECT JOYCE M. ROCHE AS A DIRECTOR	Management	For	For
1.12	ELECT LAURA D'ANDREA TYSON AS A DIRECTOR	Management	For	For
1.13	ELECT PATRICIA P. UPTON AS A DIRECTOR	Management	For	For
1.14	ELECT EDWARD E. WHITACRE, JR AS A DIRECTOR	Management	For	For
2	APPROVAL OF APPOINTMENT OF INDEPENDENT AUDITORS	Management	For	For
3	APPROVAL OF STOCK PURCHASE AND DEFERRAL PLAN	Management	For	For
4	STOCKHOLDER PROPOSAL A	Shareholder	Against	Against
5	STOCKHOLDER PROPOSAL B	Shareholder	Against	Against
6	STOCKHOLDER PROPOSAL C	Shareholder	Against	Against
7	STOCKHOLDER PROPOSAL D	Shareholder	Against	For

ISSUER NAME: SOUTHERN UNION COMPANY MEETING DATE: 05/09/2005
TICKER: SUG     SECURITY ID: 844030106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO APPROVE AN AMENDMENT TO THE COMPANY S CERTIFICATE OF INCORPORATION TO ELIMINATE THE CLASSIFICATION OF DIRECTORS.	Management	For	For
2	TO APPROVE AMENDMENTS TO THE COMPANY S CERTIFICATE OF INCORPORATION TO ELIMINATE THE REQUIREMENT THAT DIRECTORS MAY BE REMOVED ONLY FOR CAUSE AND THE PROVISION SPECIFYING WHEN CAUSE FOR REMOVAL SHALL BE CONSTRUED TO EXIST.	Management	For	For
3	TO APPROVE AN AMENDMENT TO THE COMPANY S CERTIFICATE OF INCORPORATION TO ELIMINATE CUMULATIVE VOTING.	Management	For	Against
4	TO APPROVE AN AMENDMENT TO THE COMPANY S CERTIFICATE OF INCORPORATION TO ADD A DIRECTOR QUALIFICATION THAT PERMITS ANY INDIVIDUAL WHO IS AN OFFICER OF THE COMPANY TO BE ELIGIBLE TO BE A DIRECTOR, AS MORE FULLY DESCRIBED IN THE PROXY STATEMENT.	Management	For	For
5	TO REMOVE ALL OF THE CURRENT DIRECTORS WITHOUT CAUSE.	Management	For	For
6.1	ELECT DAVID BRODSKY AS A DIRECTOR	Management	For	For
6.2	ELECT FRANK W. DENIUS AS A DIRECTOR	Management	For	For
6.3	ELECT KURT A. GITTER, M.D. AS A DIRECTOR	Management	For	For
6.4	ELECT HERBERT H. JACOBI AS A DIRECTOR	Management	For	For
6.5	ELECT THOMAS F. KARAM AS A DIRECTOR	Management	For	For
6.6	ELECT ADAM M. LINDEMANN AS A DIRECTOR	Management	For	For
6.7	ELECT GEORGE L. LINDEMANN AS A DIRECTOR	Management	For	For
6.8	ELECT THOMAS N. MCCARTER, III AS A DIRECTOR	Management	For	For
6.9	ELECT GEORGE ROUNTREE, III AS A DIRECTOR	Management	For	For
7	TO ELECT DAVID BRODSKY.**1	Management	For	For
8	TO ELECT HERBERT H. JACOBI.**1	Management	For	For
9	TO ELECT THOMAS F. KARAM.**1	Management	For	For
10	TO ELECT GEORGE L. LINDEMANN.**1	Management	For	For
11	TO AMEND THE COMPANY S 2003 STOCK AND INCENTIVE PLAN.	Management	For	Against
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: SPECTRASITE, INC. MEETING DATE: 05/02/2005
TICKER: SSI     SECURITY ID: 84761M104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT STEPHEN H. CLARK AS A DIRECTOR	Management	For	For
1.2	ELECT TIMOTHY G. BILTZ AS A DIRECTOR	Management	For	For
1.3	ELECT PAUL M. ALBERT, JR. AS A DIRECTOR	Management	For	For
1.4	ELECT JOHN F. CHLEBOWSKI AS A DIRECTOR	Management	For	For
1.5	ELECT DEAN J. DOUGLAS AS A DIRECTOR	Management	For	For
1.6	ELECT PATRICIA L. HIGGINS AS A DIRECTOR	Management	For	For
1.7	ELECT SAMME L. THOMPSON AS A DIRECTOR	Management	For	For
1.8	ELECT KARI-PEKKA WILSKA AS A DIRECTOR	Management	For	For
2	TO APPROVE THE SPECTRASITE, INC. 2005 INCENTIVE PLAN.	Management	For	For
3	TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR ENDING DECEMBER 31, 2005.1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: THE AES CORPORATION MEETING DATE: 04/28/2005
TICKER: AES     SECURITY ID: 00130H105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT RICHARD DARMAN AS A DIRECTOR	Management	For	For
1.2	ELECT PAUL T. HANRAHAN AS A DIRECTOR	Management	For	For
1.3	ELECT KRISTINA M. JOHNSON AS A DIRECTOR	Management	For	For
1.4	ELECT JOHN A. KOSKINEN AS A DIRECTOR	Management	For	For
1.5	ELECT PHILIP LADER AS A DIRECTOR	Management	For	For
1.6	ELECT JOHN H. MCARTHUR AS A DIRECTOR	Management	For	For
1.7	ELECT SANDRA O. MOOSE AS A DIRECTOR	Management	For	For
1.8	ELECT PHILIP A. ODEEN AS A DIRECTOR	Management	For	For
1.9	ELECT CHARLES O. ROSSOTTI AS A DIRECTOR	Management	For	For
1.10	ELECT SVEN SANDSTROM AS A DIRECTOR	Management	For	For
1.11	ELECT ROGER W. SANT AS A DIRECTOR	Management	For	For
2	RATIFICATION OF APPOINTMENT OF INDEPENDENT AUDITORS.	Management	For	For

ISSUER NAME: THE DIRECTV GROUP, INC. MEETING DATE: 06/01/2005
TICKER: DTV     SECURITY ID: 25459L106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT RALPH F. BOYD, JR. AS A DIRECTOR	Management	For	For
1.2	ELECT JAMES M. CORNELIUS AS A DIRECTOR	Management	For	For
1.3	ELECT DAVID F. DEVOE AS A DIRECTOR	Management	For	For
2	RATIFICATION OF APPOINTMENT OF INDEPENDENT PUBLIC ACCOUNTANTS	Management	For	For

ISSUER NAME: TXU CORP. MEETING DATE: 05/20/2005
TICKER: TXU     SECURITY ID: 873168108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DEREK C. BONHAM AS A DIRECTOR	Management	For	For
1.2	ELECT E. GAIL DE PLANQUE AS A DIRECTOR	Management	For	For
1.3	ELECT WILLIAM M. GRIFFIN AS A DIRECTOR	Management	For	For
1.4	ELECT KERNEY LADAY AS A DIRECTOR	Management	For	For
1.5	ELECT JACK E. LITTLE AS A DIRECTOR	Management	For	For
1.6	ELECT ERLE NYE AS A DIRECTOR	Management	For	For
1.7	ELECT J.E. OESTERREICHER AS A DIRECTOR	Management	For	For
1.8	ELECT MICHAEL W. RANGER AS A DIRECTOR	Management	For	For
1.9	ELECT HERBERT H. RICHARDSON AS A DIRECTOR	Management	For	For
1.10	ELECT C. JOHN WILDER AS A DIRECTOR	Management	For	For
2	APPROVAL OF THE 2005 OMNIBUS INCENTIVE PLAN	Management	For	Against
3	APPROVAL OF AUDITORS - DELOITTE & TOUCHE LLP1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: UGI CORPORATION MEETING DATE: 02/23/2005
TICKER: UGI     SECURITY ID: 902681105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT J.W. STRATTON AS A DIRECTOR	Management	For	For
1.2	ELECT S.D. BAN AS A DIRECTOR	Management	For	For
1.3	ELECT R.C. GOZON AS A DIRECTOR	Management	For	For
1.4	ELECT L.R. GREENBERG AS A DIRECTOR	Management	For	For
1.5	ELECT T.F. DONOVAN AS A DIRECTOR	Management	For	For
1.6	ELECT M.O. SCHLANGER AS A DIRECTOR	Management	For	For
1.7	ELECT A. POL AS A DIRECTOR	Management	For	For
1.8	ELECT E.E. JONES AS A DIRECTOR	Management	For	For
2	RATIFICATION OF APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT PUBLIC ACCOUNTANTS	Management	For	For

ISSUER NAME: VERIZON COMMUNICATIONS INC. MEETING DATE: 05/05/2005
TICKER: VZ     SECURITY ID: 92343V104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT J.R. BARKER AS A DIRECTOR	Management	For	For
1.2	ELECT R.L. CARRION AS A DIRECTOR	Management	For	For
1.3	ELECT R.W. LANE AS A DIRECTOR	Management	For	For
1.4	ELECT S.O. MOOSE AS A DIRECTOR	Management	For	For
1.5	ELECT J. NEUBAUER AS A DIRECTOR	Management	For	For
1.6	ELECT T.H. O'BRIEN AS A DIRECTOR	Management	For	For
1.7	ELECT H.B. PRICE AS A DIRECTOR	Management	For	For
1.8	ELECT I.G. SEIDENBERG AS A DIRECTOR	Management	For	For
1.9	ELECT W.V. SHIPLEY AS A DIRECTOR	Management	For	For
1.10	ELECT J.R. STAFFORD AS A DIRECTOR	Management	For	For
1.11	ELECT R.D. STOREY AS A DIRECTOR	Management	For	For
2	RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	Management	For	For
3	CUMULATIVE VOTING	Shareholder	Against	Abstain
4	MAJORITY VOTE FOR ELECTION OF DIRECTORS	Shareholder	Against	Against
5	BOARD COMPOSITION	Shareholder	Against	Against
6	SEPARATE CHAIRMAN AND CEO	Shareholder	Against	Against
7	DIRECTORS LIABILITY	Shareholder	Against	Against
8	REPORT ON POLITICAL CONTRIBUTIONS	Shareholder	Against	Against

ISSUER NAME: VODAFONE GROUP PLC MEETING DATE: 07/27/2004
TICKER: VOD     SECURITY ID: 92857W100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO RECEIVE THE REPORT OF THE DIRECTORS AND FINANCIAL STATEMENTS	Management	For	For
2	TO APPROVE THE REMUNERATION REPORT	Management	For	For
3	TO RE-ELECT PETER BAMFORD AS A DIRECTOR	Management	For	For
4	TO RE-ELECT JULIAN HORN-SMITH AS A DIRECTOR	Management	For	For
5	TO RE-ELECT SIR DAVID SCHOLEY AS A DIRECTOR (MEMBER OF THE NOMINATIONS AND GOVERNANCE AND AUDIT COMMITTEE)1	Management	For	For
6	TO ELECT LUC VANDEVELDE AS A DIRECTOR (MEMBER OF THE REMUNERATION COMMITTEE)1	Management	For	For
7	TO APPROVE A FINAL DIVIDEND OF 1.07800 PENCE PER ORDINARY SHARE	Management	For	For
8	TO RE-APPOINT DELOITTE & TOUCHE LLP AS AUDITORS1	Management	For	For
9	TO AUTHORIZE THE AUDIT COMMITTEE TO DETERMINE THE AUDITORS REMUNERATION	Management	For	For
10	TO AUTHORIZE DONATIONS UNDER THE POLITICAL PARTIES, ELECTIONS AND REFERENDUMS ACT 2000	Management	For	For
11	TO RENEW AUTHORITY TO ALLOT SHARES UNDER ARTICLE 16.2 OF THE COMPANY S ARTICLES OF ASSOCIATION	Management	For	For
12	TO RENEW AUTHORITY TO DISAPPLY PRE-EMPTION RIGHTS UNDER ARTICLE 16.3 OF THE COMPANY S ARTICLES OF ASSOCIATION+1	Management	For	For
13	TO AUTHORIZE THE COMPANY S PURCHASE OF ITS OWN SHARES+1	Management	For	For
14	TO AUTHORIZE THE COMPANY S PURCHASE OF ITS OWN SHARES PURSUANT TO CONTINGENT PURCHASE CONTRACTS AND OFF-MARKET PURCHASES+1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: WESTAR ENERGY, INC. MEETING DATE: 05/17/2005
TICKER: WR     SECURITY ID: 95709T100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MOLLIE H. CARTER AS A DIRECTOR	Management	For	For
1.2	ELECT JERRY B. FARLEY AS A DIRECTOR	Management	For	For
1.3	ELECT JAMES S. HAINES, JR. AS A DIRECTOR	Management	For	For
1.4	ELECT ARTHUR B. KRAUSE AS A DIRECTOR	Management	For	For
2	AMENDMENT TO ARTICLES OF INCORPORATION THAT CHANGES THE NOTICE PERIOD FOR SUBMITTING SHAREHOLDER PROPOSALS AND SHAREHOLDER NOMINEES	Management	For	For
3	RATIFICATION AND CONFIRMATION OF DELOITTE & TOUCHE LLP AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 20051	Management	For	For
4	SHAREHOLDER PROPOSAL REGARDING THE PROCESS FOR NOMINATION OF A DIRECTOR	Shareholder	Against	Against
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: WISCONSIN ENERGY CORPORATION MEETING DATE: 05/05/2005
TICKER: WEC     SECURITY ID: 976657106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JOHN F. AHEARNE AS A DIRECTOR	Management	For	For
1.2	ELECT JOHN F. BERGSTROM AS A DIRECTOR	Management	For	For
1.3	ELECT BARBARA L. BOWLES AS A DIRECTOR	Management	For	For
1.4	ELECT ROBERT A. CORNOG AS A DIRECTOR	Management	For	For
1.5	ELECT CURT S. CULVER AS A DIRECTOR	Management	For	For
1.6	ELECT GALE E. KLAPPA AS A DIRECTOR	Management	For	For
1.7	ELECT ULICE PAYNE, JR. AS A DIRECTOR	Management	For	For
1.8	ELECT F.P. STRATTON, JR. AS A DIRECTOR	Management	For	For
1.9	ELECT GEORGE E. WARDEBERG AS A DIRECTOR	Management	For	For
2	RATIFICATION OF DELOITTE & TOUCHE LLP AS INDEPENDENT AUDITORS FOR 2005.1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: XM SATELLITE RADIO HOLDINGS INC. MEETING DATE: 05/26/2005
TICKER: XMSR     SECURITY ID: 983759101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT GARY M. PARSONS AS A DIRECTOR	Management	For	For
1.2	ELECT HUGH PANERO AS A DIRECTOR	Management	For	For
1.3	ELECT NATHANIEL A. DAVIS AS A DIRECTOR	Management	For	For
1.4	ELECT THOMAS J. DONOHUE AS A DIRECTOR	Management	For	For
1.5	ELECT EDDY W. HARTENSTEIN AS A DIRECTOR	Management	For	For
1.6	ELECT GEORGE W. HAYWOOD AS A DIRECTOR	Management	For	For
1.7	ELECT CHESTER A. HUBER, JR. AS A DIRECTOR	Management	For	For
1.8	ELECT JOHN MENDEL AS A DIRECTOR	Management	For	For
1.9	ELECT JARL MOHN AS A DIRECTOR	Management	For	For
1.10	ELECT PIERCE J. ROBERTS, JR. AS A DIRECTOR	Management	For	For
1.11	ELECT JACK SHAW AS A DIRECTOR	Management	For	For
2	RATIFY THE APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITORS.	Management	For	For