FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY

INVESTMENT COMPANY ACT FILE NUMBER: 811-03114

EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER: Fidelity Select Portfolios

Fund Name: Select Paper and Forest Products Portfolio

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: FEBRUARY 28

DATE OF REPORTING PERIOD: 06/30/2006

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 Select Portfolios

BY:  /s/ CHRISTINE REYNOLDS*
CHRISTINE REYNOLDS, PRESIDENT AND TREASURER
DATE: 08/08/2006 06:24:02 PM

*BY:  /s/ CLAIRE S. WALPOLE
CLAIRE S. WALPOLE, VICE PRESIDENT, FIDELITY MANAGEMENT & RESEARCH COMPANY, PURSUANT TO A POWER OF ATTORNEY DATED JULY 31, 2006 AND FILED HEREWITH.

EXHIBIT A

VOTE SUMMARY REPORT
Select Paper and Forest Products Portfolio
07/01/2005 - 06/30/2006

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: ABITIBI-CONSOLIDATED INC MEETING DATE: 05/09/2006
TICKER: --     SECURITY ID: 003924107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	RECEIVE THE CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY AND ITS SUBSIDIARIES FOR THE YE 31 DEC 2005 AND THE AUDITORS REPORT THEREON	N/A	N/A	N/A
2	ELECT MR. JOHN Q. ANDERSON AS A DIRECTOR FOR THE ENSUING YEAR	Management	For	For
3	ELECT MR. HANS P. BLACK AS A DIRECTOR FOR THE ENSUING YEAR	Management	For	For
4	ELECT MR. JACQUES BOUGIE, O.C AS A DIRECTOR FOR THE ENSUING YEAR	Management	For	For
5	ELECT MS. MARLENE DAVIDGE AS A DIRECTOR FOR THE ENSUING YEAR	Management	For	For
6	ELECT MR. WILLIAM E. DAVIS AS A DIRECTOR FOR THE ENSUING YEAR	Management	For	For
7	ELECT MR. RICHARD DROUIN, O.C., Q.C, AS A DIRECTOR FOR THE ENSUING YEAR	Management	For	For
8	ELECT MS. LISE LACHAPELLE AS A DIRECTOR FOR THE ENSUING YEAR	Management	For	For
9	ELECT MR. GARY J. LUKASSEN, C.A, AS A DIRECTOR FOR THE ENSUING YEAR	Management	For	For
10	ELECT MR. JOHN A. TORY, Q.C, AS A DIRECTOR FOR THE ENSUING YEAR	Management	For	For
11	ELECT MR. JOHN W. WEAVER AS A DIRECTOR FOR THE ENSUING YEAR	Management	For	For
12	RE-APPOINT PRICEWATERHOUSECOOPERS LLP AS THE AUDITORS OF COMPANY UNTIL THE NEXT ANNUAL MEETING OF SHAREHOLDERS AND AUTHORIZE THE DIRECTORS TO FIX THEIR REMUNERATION	Management	For	For
13	PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER PROPOSAL: APPROVE TO SET A TERM LIMIT OF 15 YEARS FOR INDEPENDENT DIRECTORS	Shareholder	Against	Against
14	PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER PROPOSAL: APPROVE TO GIVE THE OPPORTUNITY TO VOTE FOR/AGAINST EACH DIRECTOR	Shareholder	Against	Against
15	PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER PROPOSAL: APPROVE TO CONVEYTHE SENIOR MANAGEMENT THAT NO EXCUSES WILL BE ACCEPTABLE ANY MORE AND THAT MANAGEMENT WILL BE MADE ACCOUNTABLE TO DELIVER SUSTAINABLE PROFITS OR BE TERMINATED WITHOUT COMPENSATION	Shareholder	Against	Against
16	PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER PROPOSAL: APPROVE TO REFUSE TO GRATIFY CURRENT MANAGEMENT MEMBERS FROM ANY BONUS AND GRANT OF OPTIONS UNTIL THE SHARE PRICE IS BACK TO CAD 10	Shareholder	Against	Against
17	PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER PROPOSAL: APPROVE TO DESIGN AND IMPLEMENT PROGRESSIVELY A SHARE BUYBACK PROGRAM UNTIL THE COMPANY S SHARE PRICE REACHES CAD 12.00	Shareholder	Against	Against
18	TRANSACT ANY OTHER BUSINESS	N/A	N/A	N/A
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: BALL CORPORATION MEETING DATE: 04/26/2006
TICKER: BLL     SECURITY ID: 058498106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT HOWARD M. DEAN AS A DIRECTOR	Management	For	For
1.2	ELECT R. DAVID HOOVER AS A DIRECTOR	Management	For	For
1.3	ELECT JAN NICHOLSON AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE INDEPENDENT AUDITOR FOR THE CORPORATION FOR 2006.	Management	For	For
3	S/H PROPOSAL - DECLASSIFY BOARD	Shareholder	Against	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: BEMIS COMPANY, INC. MEETING DATE: 05/04/2006
TICKER: BMS     SECURITY ID: 081437105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT WILLIAM J. BOLTON AS A DIRECTOR	Management	For	Withhold
1.2	ELECT BARBARA L. JOHNSON AS A DIRECTOR	Management	For	Withhold
1.3	ELECT PAUL S. PEERCY AS A DIRECTOR	Management	For	Withhold
1.4	ELECT GENE C. WULF AS A DIRECTOR	Management	For	Withhold
2	TO ACT UPON A PROPOSAL TO APPROVE THE 2007 STOCK INCENTIVE PLAN.	Management	For	Against
3	TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP, AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF THE COMPANY.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: BLUELINX HOLDINGS INC MEETING DATE: 05/12/2006
TICKER: BXC     SECURITY ID: 09624H109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JEFFREY J. FENTON AS A DIRECTOR	Management	For	For
1.2	ELECT RICHARD S. GRANT AS A DIRECTOR	Management	For	For
1.3	ELECT STEPHEN E. MACADAM AS A DIRECTOR	Management	For	For
1.4	ELECT RICHARD B. MARCHESE AS A DIRECTOR	Management	For	For
1.5	ELECT STEVEN F. MAYER AS A DIRECTOR	Management	For	For
1.6	ELECT CHARLES H. MCELREA AS A DIRECTOR	Management	For	For
1.7	ELECT ALAN H. SCHUMACHER AS A DIRECTOR	Management	For	For
1.8	ELECT MARK A. SUWYN AS A DIRECTOR	Management	For	For
1.9	ELECT LENARD B. TESSLER AS A DIRECTOR	Management	For	For
1.10	ELECT ROBERT G. WARDEN AS A DIRECTOR	Management	For	For
2	PROPOSAL TO APPROVE THE BLUELINX HOLDINGS INC. 2006 LONG-TERM EQUITY INCENTIVE PLAN.	Management	For	Against
3	PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: BOWATER INCORPORATED MEETING DATE: 05/10/2006
TICKER: BOW     SECURITY ID: 102183100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT TOGO D. WEST, JR. AS A DIRECTOR	Management	For	For
1.2	ELECT RICHARD B. EVANS AS A DIRECTOR	Management	For	For
1.3	ELECT BRUCE W. VAN SAUN AS A DIRECTOR	Management	For	For
1.4	ELECT DAVID J. PATERSON AS A DIRECTOR	Management	For	For
2	PROPOSAL TO APPROVE BOWATER S 2006 STOCK OPTION AND RESTRICTED STOCK PLAN	Management	For	Against
3	PROPOSAL TO RATIFY THE APPOINTMENT OF KPMG LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE 2006 FISCAL YEAR	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: BUCKEYE TECHNOLOGIES INC. MEETING DATE: 11/03/2005
TICKER: BKI     SECURITY ID: 118255108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT GEORGE W. BRYAN AS A DIRECTOR	Management	For	For
1.2	ELECT R. HOWARD CANNON AS A DIRECTOR	Management	For	For
1.3	ELECT K. BUCKMAN GIBSON AS A DIRECTOR	Management	For	For
2	RATIFICATION OF APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: CANFOR CORP MEETING DATE: 04/28/2006
TICKER: --     SECURITY ID: 137902102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	RECEIVE AND APPROVE THE REPORT OF THE DIRECTORS, THE CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY AND ITS SUBSIDIARIES FOR THE FYE 31 DEC 2005 AND THE REPORT OF THE AUDITORS THEREON	N/A	N/A	N/A
2	ELECT MR. PETER J.G. BENTLEY AS A DIRECTOR	Management	For	For
3	ELECT MR. RONALD L. CLIFF AS A DIRECTOR	Management	For	For
4	ELECT MR. STEPHEN A. JARISLOWSKY AS A DIRECTOR	Management	For	For
5	ELECT MR. MICHAEL J. KORENBERG AS A DIRECTOR	Management	For	For
6	ELECT MR. BRANDT C. LOUIE AS A DIRECTOR	Management	For	For
7	ELECT MR. ERIC P. NEWELL AS A DIRECTOR	Management	For	For
8	ELECT MR. JAMES A. PATTISON AS A DIRECTOR	Management	For	For
9	ELECT MR. MICHAEL E. J. PHELPS AS A DIRECTOR	Management	For	For
10	ELECT MR. DONALD C. SELMAN AS A DIRECTOR	Management	For	For
11	ELECT MR. JAMES A. SHEPHERD AS A DIRECTOR	Management	For	For
12	ELECT MR. PAUL M. TELLIER AS A DIRECTOR	Management	For	For
13	APPOINT PRICEWATERHOUSECOOPERS LLP, CHARTERED ACCOUNTANT AS THE AUDITORS	Management	For	For
14	APPROVE A SHAREHOLDER RIGHTS PLAN POLICY STATEMENT	Management	For	Against
15	TRANSACT ANY OTHER BUSINESS	N/A	N/A	N/A
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: CANFOR CORP MEETING DATE: 06/09/2006
TICKER: --     SECURITY ID: 137902102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVE THE ARRANGEMENT RESOLUTION	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: CARAUSTAR INDUSTRIES, INC. MEETING DATE: 05/17/2006
TICKER: CSAR     SECURITY ID: 140909102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT RONALD J. DOMANICO AS A DIRECTOR	Management	For	For
1.2	ELECT CHARLES H. GREINER, JR. AS A DIRECTOR	Management	For	For
1.3	ELECT JOHN T. HEALD, JR. AS A DIRECTOR	Management	For	For
1.4	ELECT MICHAEL J. KEOUGH AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY THE SELECTION OF DELOITTE AND TOUCHE LLP AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: CASCADES INC MEETING DATE: 05/04/2006
TICKER: --     SECURITY ID: 146900105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	RECEIVE THE CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE YE 31 DEC 2005 AND THE AUDITORS REPORT THEREON	N/A	N/A	N/A
2	ELECT THE DIRECTORS FOR THE ENSURING YEAR	Management	For	For
3	APPOINT PRICEWATERHOUSECOOPERS LLP AS THE AUDITORS OF THE COMPANY, AND AUTHORIZE THE BOARD OF DIRECTORS TO DETERMINE THEIR REMUNERATION	Management	For	For
4	ANY OTHER BUSINESS	N/A	N/A	N/A
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: D.R. HORTON, INC. MEETING DATE: 01/26/2006
TICKER: DHI     SECURITY ID: 23331A109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DONALD R. HORTON AS A DIRECTOR	Management	For	For
1.2	ELECT BRADLEY S. ANDERSON AS A DIRECTOR	Management	For	For
1.3	ELECT MICHAEL R. BUCHANAN AS A DIRECTOR	Management	For	For
1.4	ELECT RICHARD I. GALLAND AS A DIRECTOR	Management	For	For
1.5	ELECT MICHAEL W. HEWATT AS A DIRECTOR	Management	For	For
1.6	ELECT DONALD J. TOMNITZ AS A DIRECTOR	Management	For	For
1.7	ELECT BILL W. WHEAT AS A DIRECTOR	Management	For	For
2	TO APPROVE THE 2006 STOCK INCENTIVE PLAN.	Management	For	For
3	TO APPROVE AN AMENDMENT TO OUR CHARTER INCREASING THE NUMBER OF AUTHORIZED SHARES OF COMMON STOCK.	Management	For	For
4	TO APPROVE A SHAREHOLDER PROPOSAL CONCERNING AN ENERGY EFFICIENCY ASSESSMENT.	Shareholder	Against	Against
5	TO CONDUCT OTHER BUSINESS PROPERLY BROUGHT BEFORE THE MEETING.	Management	For	Abstain
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: DOMTAR INC MEETING DATE: 04/27/2006
TICKER: --     SECURITY ID: 257561100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	ELECT MR. JACK C. BINGLEMAN AS A DIRECTOR	Management	For	For
2	ELECT MR. RAYMOND CHRETIEN AS A DIRECTOR	Management	For	For
3	ELECT MR. LOUIS P. GIGNAC AS A DIRECTOR	Management	For	For
4	ELECT MR. CLAUDE R. LAMOUREUX AS A DIRECTOR	Management	For	For
5	ELECT MR. JACQUES LAURENT AS A DIRECTOR	Management	For	For
6	ELECT MR. BRIAN M. LEVITT AS A DIRECTOR	Management	For	For
7	ELECT MR. GILLES OUIMET AS A DIRECTOR	Management	For	For
8	ELECT MR. LOUISE ROY AS A DIRECTOR	Management	For	For
9	ELECT MR. RAYMOND ROYER AS A DIRECTOR	Management	For	For
10	ELECT MR. ROBERT J. STEACY AS A DIRECTOR	Management	For	For
11	ELECT MR. GENE R. TYNDALL AS A DIRECTOR	Management	For	For
12	APPOINT THE AUDITORS	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: FIDELITY CASH CENTRAL FUND MEETING DATE: 02/15/2006
TICKER: --     SECURITY ID: 31635A105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DENNIS J. DIRKS AS A DIRECTOR	Management	For	For
1.2	ELECT ALBERT R. GAMPER, JR. AS A DIRECTOR	Management	For	For
1.3	ELECT ROBERT M. GATES AS A DIRECTOR	Management	For	For
1.4	ELECT GEORGE H. HEILMEIER AS A DIRECTOR	Management	For	For
1.5	ELECT EDWARD C. JOHNSON 3D AS A DIRECTOR	Management	For	For
1.6	ELECT STEPHEN P. JONAS AS A DIRECTOR	Management	For	For
1.7	ELECT MARIE L. KNOWLES AS A DIRECTOR	Management	For	For
1.8	ELECT NED C. LAUTENBACH AS A DIRECTOR	Management	For	For
1.9	ELECT WILLIAM O. MCCOY AS A DIRECTOR	Management	For	For
1.10	ELECT ROBERT L. REYNOLDS AS A DIRECTOR	Management	For	For
1.11	ELECT CORNELIA M. SMALL AS A DIRECTOR	Management	For	For
1.12	ELECT WILLIAM S. STAVROPOULOS AS A DIRECTOR	Management	For	For
1.13	ELECT KENNETH L. WOLFE AS A DIRECTOR	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: INTERNATIONAL PAPER COMPANY MEETING DATE: 05/08/2006
TICKER: IP     SECURITY ID: 460146103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JOHN L. TOWNSEND, III* AS A DIRECTOR	Management	For	Withhold
1.2	ELECT JOHN F. TURNER** AS A DIRECTOR	Management	For	Withhold
1.3	ELECT ALBERTO WEISSER** AS A DIRECTOR	Management	For	Withhold
1.4	ELECT JOHN V. FARACI*** AS A DIRECTOR	Management	For	Withhold
1.5	ELECT DONALD F. MCHENRY*** AS A DIRECTOR	Management	For	Withhold
1.6	ELECT WILLIAM G. WALTER*** AS A DIRECTOR	Management	For	Withhold
2	RATIFICATION OF DELOITTE & TOUCHE LLP AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2006.	Management	For	For
3	PROPOSAL RELATING TO MAJORITY VOTING FOR DIRECTORS.	Shareholder	Against	Against
4	PROPOSAL RELATING TO SUSTAINABLE FORESTRY.	Shareholder	Against	Against
5	PROPOSAL RELATING TO ANNUAL ELECTION OF DIRECTORS.	Shareholder	Against	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: KADANT INC. MEETING DATE: 05/25/2006
TICKER: KAI     SECURITY ID: 48282T104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JOHN K. ALLEN AS A DIRECTOR	Management	For	For
1.2	ELECT FRANCIS L. MCKONE AS A DIRECTOR	Management	For	For
2	APPROVAL OF THE KADANT INC. 2006 EQUITY INCENTIVE PLAN.	Management	For	Against
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: KIMBERLY-CLARK CORPORATION MEETING DATE: 04/27/2006
TICKER: KMB     SECURITY ID: 494368103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DENNIS R. BERESFORD AS A DIRECTOR	Management	For	For
1.2	ELECT ABELARDO E. BRU AS A DIRECTOR	Management	For	For
1.3	ELECT THOMAS J. FALK AS A DIRECTOR	Management	For	For
1.4	ELECT MAE C. JEMISON AS A DIRECTOR	Management	For	For
2	APPROVAL OF AUDITORS	Management	For	For
3	STOCKHOLDER PROPOSAL REGARDING CLASSIFIED BOARD	Shareholder	Against	For
4	STOCKHOLDER PROPOSAL REGARDING ADOPTION OF GLOBAL HUMAN RIGHTS STANDARDS BASED ON INTERNATIONAL LABOR CONVENTIONS	Shareholder	Against	Against
5	STOCKHOLDER PROPOSAL REGARDING MAJORITY VOTING	Shareholder	Against	Against
6	STOCKHOLDER PROPOSAL REQUESTING A REPORT ON SUSTAINABLE FORESTRY PRACTICES	Shareholder	Against	Against
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: LONGVIEW FIBRE COMPANY MEETING DATE: 04/06/2006
TICKER: LFB     SECURITY ID: 543213102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT RICK L. BENTZINGER* AS A DIRECTOR	Management	For	For
1.2	ELECT DAVID L. BOWDEN* AS A DIRECTOR	Management	For	For
1.3	ELECT CURTIS M. STEVENS* AS A DIRECTOR	Management	For	For
1.4	ELECT RICHARD H. WOLLENBERG* AS A DIRECTOR	Management	For	For
1.5	ELECT DAVID A. WOLLENBERG** AS A DIRECTOR	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: LOUISIANA-PACIFIC CORPORATION MEETING DATE: 05/04/2006
TICKER: LPX     SECURITY ID: 546347105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ARCHIE W. DUNHAM AS A DIRECTOR	Management	For	For
1.2	ELECT DANIEL K. FRIERSON AS A DIRECTOR	Management	For	For
1.3	ELECT RICHARD W. FROST AS A DIRECTOR	Management	For	For
2	RATIFICATION OF SELECTION OF INDEPENDENT AUDITORS.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: MARINEMAX, INC. MEETING DATE: 02/09/2006
TICKER: HZO     SECURITY ID: 567908108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT WILLIAM H. MCGILL, JR. AS A DIRECTOR	Management	For	For
1.2	ELECT JOHN B. FURMAN AS A DIRECTOR	Management	For	For
1.3	ELECT ROBERT S. KANT AS A DIRECTOR	Management	For	For
2	PROPOSAL TO APPROVE AN AMENDMENT TO OUR 1998 INCENTIVE STOCK PLAN	Management	For	Against
3	PROPOSAL TO APPROVE OUR INCENTIVE COMPENSATION PROGRAM	Management	For	For
4	PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE INDEPENDENT AUDITOR OF THE COMPANY FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: MEADWESTVACO CORPORATION MEETING DATE: 04/25/2006
TICKER: MWV     SECURITY ID: 583334107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JAMES G. KAISER AS A DIRECTOR	Management	For	For
1.2	ELECT RICHARD B. KELSON AS A DIRECTOR	Management	For	For
1.3	ELECT JOHN A. KROL AS A DIRECTOR	Management	For	For
1.4	ELECT JOHN A. LUKE, JR. AS A DIRECTOR	Management	For	For
2	APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2006.	Management	For	For
3	APPROVAL OF PROPOSAL TO PROVIDE FOR ANNUAL ELECTION OF DIRECTORS.	Management	For	For
4	APPROVAL OF PROPOSAL FOR THE REMOVAL OF DIRECTORS BY MAJORITY VOTE.	Management	For	For
5	STOCKHOLDER PROPOSAL.	Shareholder	Against	Against
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: MERCER INTERNATIONAL INC. MEETING DATE: 02/17/2006
TICKER: MERC     SECURITY ID: 588056101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVAL OF AMENDMENTS TO THE COMPANY S DECLARATION OF TRUST TO PROVIDE THAT THE COMPANY SHALL (I) BE AUTHORIZED TO EFFECT A MERGER WITH ANOTHER CORPORATION SUBJECT TO ITS OBSERVANCE OF THE APPLICABLE PROVISIONS OF CHAPTER 23B.11 OF THE WASHINGTON BUSINESS CORPORATION ACT, AND (II) CEASE ITS SEPARATE EXISTENCE UPON A MERGER IN WHICH IT IS NOT THE SURVIVING ENTITY.	Management	For	Against
2	APPROVAL OF THE MERGER OF THE COMPANY WITH AN INDIRECT WHOLLY-OWNED SUBSIDIARY INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE, WHICH IS BEING CARRIED OUT IN CONNECTION WITH THE CONVERSION OF THE COMPANY FROM A MASSACHUSETTS TRUST TO A CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF WASHINGTON.	Management	For	Against
3	APPROVAL OF AN ADJOURNMENT OF THE SPECIAL MEETING, IF NECESSARY, TO SOLICIT ADDITIONAL PROXIES IF THERE ARE INSUFFICIENT VOTES AT THE TIME OF THE SPECIAL MEETING TO APPROVE THE AMENDMENTS TO THE COMPANY S DECLARATION OF TRUST OR THE MERGER OF THE COMPANY WITH SUCH INDIRECT WHOLLY-OWNED DELAWARE SUBSIDIARY.	Management	For	Abstain
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: MERCER INTERNATIONAL INC. MEETING DATE: 06/12/2006
TICKER: MERC     SECURITY ID: 588056101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JIMMY S.H. LEE AS A DIRECTOR	Management	For	For
1.2	ELECT KENNETH A. SHIELDS AS A DIRECTOR	Management	For	For
1.3	ELECT WILLIAM D. MCCARTNEY AS A DIRECTOR	Management	For	For
1.4	ELECT GUY W. ADAMS AS A DIRECTOR	Management	For	For
1.5	ELECT ERIC LAURITEEN AS A DIRECTOR	Management	For	For
1.6	ELECT GRAEME A. WITTS AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE SELECTION OF DELOITTE & TOUCHE LLP AS INDEPENDENT AUDITORS	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: NEENAH PAPER, INC. MEETING DATE: 05/04/2006
TICKER: NP     SECURITY ID: 640079109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MARY ANN LEEPER AS A DIRECTOR	Management	For	For
1.2	ELECT STEPHEN M. WOOD AS A DIRECTOR	Management	For	For
2	APPROVAL OF THE PERFORMANCE MEASURES UNDER THE NEENAH PAPER, INC. 2004 OMNIBUS STOCK AND INCENTIVE COMPENSATION PLAN.	Management	For	For
3	TO RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF NEENAH PAPER, INC. FOR THE FISCAL YEAR ENDING 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: OWENS-ILLINOIS, INC. MEETING DATE: 05/03/2006
TICKER: OI     SECURITY ID: 690768403
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT GARY F. COLTER AS A DIRECTOR	Management	For	For
1.2	ELECT CORBIN A. MCNEILL, JR. AS A DIRECTOR	Management	For	For
1.3	ELECT HELGE H. WEHMEIER AS A DIRECTOR	Management	For	For
2	RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: P.H. GLATFELTER COMPANY MEETING DATE: 04/26/2006
TICKER: GLT     SECURITY ID: 377316104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT GEORGE H. GLATFELTER II AS A DIRECTOR	Management	For	For
1.2	ELECT RONALD J. NAPLES AS A DIRECTOR	Management	For	For
1.3	ELECT RICHARD L. SMOOT AS A DIRECTOR	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: PACKAGING CORPORATION OF AMERICA MEETING DATE: 05/10/2006
TICKER: PKG     SECURITY ID: 695156109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT HENRY F. FRIGON AS A DIRECTOR	Management	For	For
1.2	ELECT LOUIS A. HOLLAND AS A DIRECTOR	Management	For	For
1.3	ELECT SAMUEL M. MENCOFF AS A DIRECTOR	Management	For	For
1.4	ELECT ROGER B. PORTER AS A DIRECTOR	Management	For	For
1.5	ELECT THOMAS S. SOULELES AS A DIRECTOR	Management	For	For
1.6	ELECT PAUL T. STECKO AS A DIRECTOR	Management	For	For
1.7	ELECT RAYFORD K. WILLIAMSON AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY APPOINTMENT OF ERNST & YOUNG LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: PLUM CREEK TIMBER COMPANY, INC. MEETING DATE: 05/03/2006
TICKER: PCL     SECURITY ID: 729251108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT RICK R. HOLLEY AS A DIRECTOR	Management	For	For
1.2	ELECT IAN B. DAVIDSON AS A DIRECTOR	Management	For	For
1.3	ELECT ROBIN JOSEPHS AS A DIRECTOR	Management	For	For
1.4	ELECT JOHN G. MCDONALD AS A DIRECTOR	Management	For	For
1.5	ELECT ROBERT B. MCLEOD AS A DIRECTOR	Management	For	For
1.6	ELECT JOHN H. SCULLY AS A DIRECTOR	Management	For	For
1.7	ELECT STEPHEN C. TOBIAS AS A DIRECTOR	Management	For	For
1.8	ELECT CARL B. WEBB AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS FOR 2006.	Management	For	For
3	STOCKHOLDER PROPOSAL TO INCREASE THE VOTING THRESHOLD BY WHICH INDIVIDUALS ARE ELECTED TO THE BOARD OF DIRECTORS.	Shareholder	Against	Against
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: POTLATCH CORPORATION MEETING DATE: 02/03/2006
TICKER: PCH     SECURITY ID: 737628107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVAL OF THE AGREEMENT AND PLAN OF MERGER DATED AS OF SEPTEMBER 19, 2005, AMONG POTLATCH CORPORATION, POTLATCH HOLDINGS, INC., AND POTLATCH OPERATING COMPANY.	Management	For	For
2	ADJOURNMENT OF THE SPECIAL MEETING, IF NECESSARY, TO SOLICIT ADDITIONAL PROXIES.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: POTLATCH CORPORATION MEETING DATE: 05/08/2006
TICKER: PCH     SECURITY ID: 737630103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT BOH A. DICKEY AS A DIRECTOR	Management	For	For
1.2	ELECT WILLIAM L. DRISCOLL AS A DIRECTOR	Management	For	For
1.3	ELECT RUTH ANN M. GILLIS AS A DIRECTOR	Management	For	For
1.4	ELECT JUDITH M. RUNSTAD AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF INDEPENDENT AUDITOR.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: RAYONIER INC. MEETING DATE: 05/18/2006
TICKER: RYN     SECURITY ID: 754907103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT RICHARD D. KINCAID AS A DIRECTOR	Management	For	Withhold
1.2	ELECT W. LEE NUTTER AS A DIRECTOR	Management	For	Withhold
1.3	ELECT RONALD TOWNSEND AS A DIRECTOR	Management	For	Withhold
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: SEALED AIR CORPORATION MEETING DATE: 05/12/2006
TICKER: SEE     SECURITY ID: 81211K100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	ELECTION OF HANK BROWN AS A DIRECTOR.	Management	For	For
2	ELECTION OF MICHAEL CHU AS A DIRECTOR.	Management	For	For
3	ELECTION OF LAWRENCE R. CODEY AS A DIRECTOR.	Management	For	For
4	ELECTION OF T.J. DERMOT DUNPHY AS A DIRECTOR.	Management	For	For
5	ELECTION OF CHARLES F. FARRELL, JR. AS A DIRECTOR.	Management	For	For
6	ELECTION OF WILLIAM V. HICKEY AS A DIRECTOR.	Management	For	For
7	ELECTION OF JACQUELINE B. KOSECOFF AS A DIRECTOR.	Management	For	For
8	ELECTION OF KENNETH P. MANNING AS A DIRECTOR.	Management	For	For
9	ELECTION OF WILLIAM J. MARINO AS A DIRECTOR.	Management	For	For
10	RATIFICATION OF THE APPOINTMENT OF KPMG LLP AS THE INDEPENDENT AUDITOR FOR THE YEAR ENDING DECEMBER 31, 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: SILGAN HOLDINGS INC. MEETING DATE: 06/07/2006
TICKER: SLGN     SECURITY ID: 827048109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JEFFREY C. CROWE AS A DIRECTOR	Management	For	For
1.2	ELECT EDWARD A. LAPEKAS AS A DIRECTOR	Management	For	For
2	TO AUTHORIZE AND APPROVE THE AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF THE COMPANY.	Management	For	For
3	TO APPROVE AN AMENDMENT TO THE SILGAN HOLDINGS INC. SENIOR EXECUTIVE PERFORMANCE PLAN.	Management	For	For
4	TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: SMURFIT-STONE CONTAINER CORPORATION MEETING DATE: 05/10/2006
TICKER: SSCC     SECURITY ID: 832727101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JAMES R. BORIS AS A DIRECTOR	Management	For	For
1.2	ELECT CONNIE K. DUCKWORTH AS A DIRECTOR	Management	For	For
1.3	ELECT ALAN E. GOLDBERG AS A DIRECTOR	Management	For	For
1.4	ELECT WILLIAM T. LYNCH, JR. AS A DIRECTOR	Management	For	For
1.5	ELECT PATRICK J. MOORE AS A DIRECTOR	Management	For	For
1.6	ELECT JAMES J. O'CONNOR AS A DIRECTOR	Management	For	For
1.7	ELECT JERRY K. PEARLMAN AS A DIRECTOR	Management	For	For
1.8	ELECT THOMAS A. REYNOLDS, III AS A DIRECTOR	Management	For	For
1.9	ELECT EUGENE C. SIT AS A DIRECTOR	Management	For	For
1.10	ELECT WILLIAM D. SMITHBURG AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE COMPANY FOR 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: SONOCO PRODUCTS COMPANY MEETING DATE: 04/19/2006
TICKER: SON     SECURITY ID: 835495102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT H.E. DELOACH, JR.* AS A DIRECTOR	Management	For	For
1.2	ELECT E.H. LAWTON, III* AS A DIRECTOR	Management	For	For
1.3	ELECT J.M. MICALI* AS A DIRECTOR	Management	For	For
1.4	ELECT P.L. DAVIES* AS A DIRECTOR	Management	For	For
1.5	ELECT J.E. LINVILLE* AS A DIRECTOR	Management	For	For
1.6	ELECT M.D. OKEN** AS A DIRECTOR	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: SUZANO BAHIA SUL PAPEL E CELULOSE SA MEETING DATE: 04/26/2006
TICKER: --     SECURITY ID: P06768165
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	IMPORTANT MARKET PROCESSING REQUIREMENT: A BENEFICIAL OWNER SIGNED POWER OF ATTORNEY (POA) IS REQUIRED IN ORDER TO LODGE AND EXECUTE YOUR VOTING INSTRUCTIONS IN THIS MARKET. ABSENCE OF A POA, MAY CAUSE YOUR INSTRUCTIONS TO BE REJECTED. SHOULD YOU HAVE ANY QUESTIONS, PLEASE CONTACT YOUR CLIENT SERVICE REPRESENTATIVE AT ADP. THANK YOU.	N/A	N/A	N/A
2	PLEASE NOTE THAT THE PREFERRED SHAREHOLDERS CAN VOTE ON ITEMS 3 AND 4. THANK YOU.	N/A	N/A	N/A
3	APPROVE THE BOARD OF DIRECTORS REPORT, THE COMPANY S CONSOLIDATED FINANCIAL STATEMENTS AND THE FINANCE COMMITTEE OPINION REPORT FOR THE FYE 31 DEC 2005	N/A	N/A	N/A
4	APPROVE THE ALLOCATION OF THE NET PROFIT FROM THE FY; AND RATIFY THE PAYMENT OF INTEREST OVER OWN CAPITAL OF BRL 0.45815 PER COMMON SHARE, BRL 0.50397 PER CLASS A PREFERRED SHARE, BRL 0.50397 PER CLASS B WITH THE RIGHT TO A FULL DIVIDEND AND BRL 0.24991 PER P REFERRED CLASS B SHARE ISSUED ON 4 JUL 2005, MADE ON 4 JAN 2 006, MAKING UP, THEREFORE, THE TOTAL AMOUNT OF BRL 138,438,056.55, TO BE IMPUTED IN THE PAYMENT OF THE MANDATORY DIVIDEND	N/A	N/A	N/A
5	ELECT THE MEMBERS OF THE BOARD OF DIRECTORS	Management	For	For
6	ELECT THE MEMBERS OF THE FINANCE COMMITTEE AND APPROVE TO SET THEIR REMUNERATION	Management	For	Abstain
7	APPROVE TO SET THE DIRECTORS AND BOARD OF DIRECTORS REMUNERATION	N/A	N/A	N/A
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: TEMPLE-INLAND INC. MEETING DATE: 05/05/2006
TICKER: TIN     SECURITY ID: 879868107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT CASSANDRA C. CARR AS A DIRECTOR	Management	For	For
1.2	ELECT JAMES T. HACKETT AS A DIRECTOR	Management	For	For
1.3	ELECT ARTHUR TEMPLE, III AS A DIRECTOR	Management	For	For
1.4	ELECT LARRY E. TEMPLE AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY THE SELECTION OF ERNST & YOUNG LLP AS REGISTERED INDEPENDENT PUBLIC ACCOUNTING FIRM OF TEMPLE-INLAND INC. FOR THE FISCAL YEAR ENDING DECEMBER 30, 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: THE PROCTER & GAMBLE COMPANY MEETING DATE: 10/11/2005
TICKER: PG     SECURITY ID: 742718109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT BRUCE L. BYRNES AS A DIRECTOR	Management	For	For
1.2	ELECT SCOTT D. COOK AS A DIRECTOR	Management	For	For
1.3	ELECT CHARLES R. LEE AS A DIRECTOR	Management	For	For
1.4	ELECT W. JAMES MCNERNEY, JR. AS A DIRECTOR	Management	For	For
1.5	ELECT ERNESTO ZEDILLO AS A DIRECTOR	Management	For	For
2	RATIFY APPOINTMENT OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	Management	For	For
3	APPROVE AMENDMENT TO AMENDED ARTICLES OF INCORPORATION AND CODE OF REGULATIONS TO ELIMINATE REFERENCES TO THE EXECUTIVE COMMITTEE	Management	For	For
4	APPROVE AMENDMENT TO THE CODE OF REGULATIONS TO PROVIDE FOR THE ANNUAL ELECTION OF ALL DIRECTORS	Management	For	For
5	SHAREHOLDER PROPOSAL NO. 1 - COMPLIANCE WITH ANIMAL TESTING POLICY	Shareholder	Against	Against
6	SHAREHOLDER PROPOSAL NO. 2 - SELL THE COMPANY	Shareholder	Against	Against
7	SHAREHOLDER PROPOSAL NO. 3 - POLITICAL CONTRIBUTIONS	Shareholder	Against	Against
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: WAUSAU PAPER CORPORATION MEETING DATE: 04/20/2006
TICKER: WPP     SECURITY ID: 943315101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT SAN W. ORR, JR. AS A DIRECTOR	Management	For	For
1.2	ELECT DAVID B. SMITH, JR. AS A DIRECTOR	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: WEST FRASER TIMBER LTD MEETING DATE: 04/26/2006
TICKER: --     SECURITY ID: 952845105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	RECEIVE THE DIRECTORS REPORT OF THE COMPANY	N/A	N/A	N/A
2	RECEIVE THE CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR ITS FYE 31 DEC 2005, TOGETHER WITH THE AUDITORS REPORT THEREON	N/A	N/A	N/A
3	ELECT MR. HENRY H. KETCHAM AS A DIRECTOR OF THE COMPANY	Management	For	For
4	ELECT MR. CLARK S. BINKLEY AS A DIRECTOR OF THE COMPANY	Management	For	For
5	ELECT MR. J. DUNCAN GIBSON AS A DIRECTOR OF THE COMPANY	Management	For	For
6	ELECT MR. WILLIAM H. KETCHAM AS A DIRECTOR OF THE COMPANY	Management	For	For
7	ELECT MR. WILLIAM P. KETCHAM AS A DIRECTOR OF THE COMPANY	Management	For	For
8	ELECT MR. HERALD H. LUDWIG AS A DIRECTOR OF THE COMPANY	Management	For	For
9	ELECT MR. BRIAN F. MACNELL AS A DIRECTOR OF THE COMPANY	Management	For	For
10	ELECT MR. ROBERT L. PHILLIPS AS A DIRECTOR OF THE COMPANY	Management	For	For
11	ELECT MR. JANICE G. RENNIE AS A DIRECTOR OF THE COMPANY	Management	For	For
12	APPOINT PRICEWATERHOUSECOOPERS LLP, CHARTERED ACCOUNTANTS, AS AUDITORS OF THECOMPANY AND AUTHORIZE THE DIRECTORS TO FIX THEIR REMUNERATION	Management	For	For
13	APPROVE TO AMEND OR VARIATION OF ANY MATTER IDENTIFIED IN THIS NOTICE OF AGM	N/A	N/A	N/A
14	TRANSACT ANY OTHER BUSINESS	N/A	N/A	N/A
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: WEYERHAEUSER COMPANY MEETING DATE: 04/20/2006
TICKER: WY     SECURITY ID: 962166104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT RICHARD F. HASKAYNE AS A DIRECTOR	Management	For	For
1.2	ELECT DONALD F. MAZANKOWSKI AS A DIRECTOR	Management	For	For
1.3	ELECT NICOLE W. PIASECKI AS A DIRECTOR	Management	For	For
2	SHAREHOLDER PROPOSAL ON DIRECTOR ELECTION BY MAJORITY	Shareholder	Against	Against
3	SHAREHOLDER PROPOSAL ON MAJORITY VOTE	Shareholder	Against	Against
4	SHAREHOLDER PROPOSAL ON EXECUTIVE COMPENSATION	Shareholder	Against	Against
5	SHAREHOLDER PROPOSAL ON FOREST STEWARDSHIP COUNCIL (FSC) CERTIFICATION	Shareholder	Against	Against
6	SHAREHOLDER PROPOSAL ON AN INDEPENDENT CHAIRMAN	Shareholder	Against	Against
7	APPROVAL, ON AN ADVISORY BASIS, OF THE APPOINTMENT OF AUDITORS	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: XERIUM TECHNOLOGIES, INC. MEETING DATE: 06/06/2006
TICKER: XRM     SECURITY ID: 98416J100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JOHN S. THOMPSON AS A DIRECTOR	Management	For	For
1.2	ELECT THOMAS GUTIERREZ AS A DIRECTOR	Management	For	For
1.3	ELECT MICHAEL O'DONNELL AS A DIRECTOR	Management	For	For
1.4	ELECT DONALD AIKEN AS A DIRECTOR	Management	For	For
1.5	ELECT MICHAEL PHILLIPS AS A DIRECTOR	Management	For	For
1.6	ELECT EDWARD PAQUETTE AS A DIRECTOR	Management	For	For
1.7	ELECT JOHN SAUNDERS AS A DIRECTOR	Management	For	For
2	TO APPROVE THE COMPANY S 2006 CASH INCENTIVE BONUS PLAN.	Management	For	For
3	RATIFICATION OF APPOINTMENT OF ERNST & YOUNG LLP.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

POWER OF ATTORNEY

I, the undersigned Treasurer of the following investment companies:

Colchester Street Trust Fidelity Aberdeen Street Trust Fidelity Advisor Series I Fidelity Advisor Series II Fidelity Advisor Series IV Fidelity Advisor Series VIII Fidelity California Municipal Trust Fidelity Capital Trust Fidelity Central Investment Portfolios LLC Fidelity Charles Street Trust Fidelity Commonwealth Trust Fidelity Concord Street Trust Fidelity Contrafund Fidelity Court Street Trust Fidelity Court Street Trust II Fidelity Destiny Portfolios Fidelity Devonshire Trust Fidelity Financial Trust Fidelity Hastings Street Trust Fidelity Hereford Street Trust Fidelity Investment Trust Fidelity Magellan Fund Fidelity Massachusetts Municipal Trust Fidelity Money Market Trust Fidelity School Street Trust Fidelity Union Street Trust Fidelity Union Street Trust II Newbury Street Trust Variable Insurance Products Fund Variable Insurance Products Fund II Variable Insurance Products Fund III Variable Insurance Products Fund IV

plus any other investment company for which Fidelity Management & Research Company or an affiliate acts as investment adviser and for which the undersigned individual serves as Treasurer (collectively, the "Funds"), hereby constitute and appoint Nicholas Steck and Claire Walpole my true and lawful attorneys-in-fact, each of them singly, with full power of substitution, and with full power to sign for me and in my name in the appropriate capacities, all Reports of the Proxy Voting Records of the Funds on Form N-PX under the Investment Company Act of 1940, as amended (the "Act"), or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate to cause such Form to be completed and filed in accordance with the Act and all related requirements of the Securities and Exchange Commission. I hereby ratify and confirm all that said attorneys-in-fact or their substitute may do or cause to be done by virtue hereof. This power of attorney is effective for all documents filed on or after August 1, 2006.

WITNESS my hand on this 31st of July 2006.

/s/ Christine Reynolds

Christine Reynolds

Treasurer