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 Construction and Housing Portfolio

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

SCOTT C.GOEBEL, 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 29

DATE OF REPORTING PERIOD: 06/30/2008

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/ KENNETH B. ROBINS*
KENNETH B. ROBINS, TREASURER
DATE: 08/12/2008 01:28:34 PM

*BY:  /s/ CLAIRE S. WALPOLE
CLAIRE S. WALPOLE, VICE PRESIDENT, FIDELITY MANAGEMENT & RESEARCH COMPANY, PURSUANT TO A POWER OF ATTORNEY DATED JUNE 11, 2008 AND FILED HEREWITH.

VOTE SUMMARY REPORT
Select Construction and Housing Portfolio
07/01/2007- 06/30/2008

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: AMERICAN STANDARD COMPANIES INC. MEETING DATE: 09/28/2007
TICKER: ASD     SECURITY ID: 029712106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO VOTE ON A PROPOSAL TO AMEND THE COMPANY S CERTIFICATE OF INCORPORATION TO CHANGE THE NAME OF THE COMPANY FROM AMERICAN STANDARD COMPANIES INC. TO TRANE INC.	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: APARTMENT INVESTMENT AND MANAGEMENT CO. MEETING DATE: 04/28/2008
TICKER: AIV     SECURITY ID: 03748R101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT JAMES N. BAILEY AS A DIRECTOR	Management	For	For
1. 2	ELECT TERRY CONSIDINE AS A DIRECTOR	Management	For	For
1. 3	ELECT RICHARD S. ELLWOOD AS A DIRECTOR	Management	For	For
1. 4	ELECT THOMAS L. KELTNER AS A DIRECTOR	Management	For	For
1. 5	ELECT J. LANDIS MARTIN AS A DIRECTOR	Management	For	For
1. 6	ELECT ROBERT A. MILLER AS A DIRECTOR	Management	For	For
1. 7	ELECT THOMAS L. RHODES AS A DIRECTOR	Management	For	For
1. 8	ELECT MICHAEL A. STEIN AS A DIRECTOR	Management	For	For
2	TO RATIFY THE SELECTION OF ERNST & YOUNG LLP, TO SERVE AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE COMPANY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2008.	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: AVALONBAY COMMUNITIES, INC. MEETING DATE: 05/21/2008
TICKER: AVB     SECURITY ID: 053484101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT BRYCE BLAIR AS A DIRECTOR	Management	For	For
1. 2	ELECT BRUCE A. CHOATE AS A DIRECTOR	Management	For	For
1. 3	ELECT JOHN J. HEALY, JR. AS A DIRECTOR	Management	For	For
1. 4	ELECT GILBERT M. MEYER AS A DIRECTOR	Management	For	For
1. 5	ELECT TIMOTHY J. NAUGHTON AS A DIRECTOR	Management	For	For
1. 6	ELECT LANCE R. PRIMIS AS A DIRECTOR	Management	For	For
1. 7	ELECT PETER S. RUMMELL AS A DIRECTOR	Management	For	For
1. 8	ELECT H. JAY SARLES AS A DIRECTOR	Management	For	For
2	TO RATIFY THE SELECTION OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2008.	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: BRE PROPERTIES, INC. MEETING DATE: 05/15/2008
TICKER: BRE     SECURITY ID: 05564E106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT PAULA F. DOWNEY AS A DIRECTOR	Management	For	For
1. 2	ELECT ROBERT A. FIDDAMAN AS A DIRECTOR	Management	For	For
1. 3	ELECT IRVING F. LYONS III AS A DIRECTOR	Management	For	For
1. 4	ELECT EDWARD E. MACE AS A DIRECTOR	Management	For	For
1. 5	ELECT CHRISTOPHER J. MCGURK AS A DIRECTOR	Management	For	For
1. 6	ELECT MATTHEW T. MEDEIROS AS A DIRECTOR	Management	For	For
1. 7	ELECT CONSTANCE B. MOORE AS A DIRECTOR	Management	For	For
1. 8	ELECT JEANNE R. MYERSON AS A DIRECTOR	Management	For	For
1. 9	ELECT THOMAS E. ROBINSON AS A DIRECTOR	Management	For	For
2	APPROVE THE AMENDED AND RESTATED 1999 BRE STOCK INCENTIVE PLAN TO, AMONG OTHER THINGS, EXTEND THE TERM OF THE 1999 BRE STOCK INCENTIVE PLAN, AS PREVIOUSLY AMENDED, FOR 10 YEARS AND TO INCREASE THE MAXIMUM NUMBER OF SHARES RESERVED FOR ISSUANCE AT ANY TIME THEREAFTER FROM 3,500,000 SHARES TO 4,500,000.	Management	For	Against
3	RATIFICATION OF APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR ENDING DECEMBER 31, 2008.	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: BROOKDALE SENIOR LIVING INC. MEETING DATE: 06/05/2008
TICKER: BKD     SECURITY ID: 112463104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT WESLEY R. EDENS AS A DIRECTOR	Management	For	For
1. 2	ELECT FRANK M. BUMSTEAD AS A DIRECTOR	Management	For	For
2	THE RATIFICATION OF THE AUDIT COMMITTEE S APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR BROOKDALE SENIOR LIVING INC. FOR THE 2008 FISCAL YEAR.	Management	For	For
3	THE ADOPTION OF THE BROOKDALE SENIOR LIVING INC. ASSOCIATE STOCK PURCHASE PLAN.	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: CAMDEN PROPERTY TRUST MEETING DATE: 05/06/2008
TICKER: CPT     SECURITY ID: 133131102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT RICHARD J. CAMPO AS A DIRECTOR	Management	For	For
1. 2	ELECT WILLIAM R. COOPER AS A DIRECTOR	Management	For	For
1. 3	ELECT SCOTT S. INGRAHAM AS A DIRECTOR	Management	For	For
1. 4	ELECT LEWIS A. LEVEY AS A DIRECTOR	Management	For	For
1. 5	ELECT WILLIAM B. MCGUIRE, JR. AS A DIRECTOR	Management	For	For
1. 6	ELECT WILLIAM F. PAULSEN AS A DIRECTOR	Management	For	For
1. 7	ELECT D. KEITH ODEN AS A DIRECTOR	Management	For	For
1. 8	ELECT F. GARDNER PARKER AS A DIRECTOR	Management	For	For
1. 9	ELECT STEVEN A. WEBSTER AS A DIRECTOR	Management	For	For
2	RATIFICATION OF DELOITTE & TOUCHE LLP AS THE 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: CB RICHARD ELLIS GROUP, INC. MEETING DATE: 06/02/2008
TICKER: CBG     SECURITY ID: 12497T101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT RICHARD C. BLUM AS A DIRECTOR	Management	For	For
1. 2	ELECT PATRICE M. DANIELS AS A DIRECTOR	Management	For	For
1. 3	ELECT SENATOR T.A. DASCHLE AS A DIRECTOR	Management	For	For
1. 4	ELECT CURTIS F. FEENY AS A DIRECTOR	Management	For	For
1. 5	ELECT BRADFORD M. FREEMAN AS A DIRECTOR	Management	For	For
1. 6	ELECT MICHAEL KANTOR AS A DIRECTOR	Management	For	For
1. 7	ELECT FREDERIC V. MALEK AS A DIRECTOR	Management	For	For
1. 8	ELECT ROBERT E. SULENTIC AS A DIRECTOR	Management	For	For
1. 9	ELECT JANE J. SU AS A DIRECTOR	Management	For	For
1. 10	ELECT BRETT WHITE AS A DIRECTOR	Management	For	For
1. 11	ELECT GARY L. WILSON AS A DIRECTOR	Management	For	For
1. 12	ELECT RAY WIRTA AS A DIRECTOR	Management	For	For
2	RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	Management	For	For
3	APPROVAL OF THE SECOND AMENDED AND RESTATED 2004 STOCK INCENTIVE PLAN	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: CBL & ASSOCIATES PROPERTIES, INC. MEETING DATE: 05/05/2008
TICKER: CBL     SECURITY ID: 124830100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT CHARLES B. LEBOVITZ AS A DIRECTOR	Management	For	For
1. 2	ELECT CLAUDE M. BALLARD AS A DIRECTOR	Management	For	For
1. 3	ELECT LEO FIELDS AS A DIRECTOR	Management	For	For
1. 4	ELECT GARY L. BRYENTON AS A DIRECTOR	Management	For	For
2	TO RATIFY THE SELECTION OF DELOITTE & TOUCHE, LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR THE COMPANY S FISCAL YEAR ENDING DECEMBER 31, 2008.	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: CENTEX CORPORATION MEETING DATE: 07/12/2007
TICKER: CTX     SECURITY ID: 152312104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT CLINT W. MURCHISON, III AS A DIRECTOR	Management	For	For
1. 2	ELECT FREDERIC M. POSES AS A DIRECTOR	Management	For	For
1. 3	ELECT DAVID W. QUINN AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR 2008.	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: CHAMPION ENTERPRISES, INC. MEETING DATE: 05/07/2008
TICKER: CHB     SECURITY ID: 158496109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT ROBERT W. ANESTIS AS A DIRECTOR	Management	For	For
1. 2	ELECT ERIC S. BELSKY AS A DIRECTOR	Management	For	For
1. 3	ELECT WILLIAM C. GRIFFITHS AS A DIRECTOR	Management	For	For
1. 4	ELECT SELWYN ISAKOW AS A DIRECTOR	Management	For	For
1. 5	ELECT BRIAN D. JELLISON AS A DIRECTOR	Management	For	For
1. 6	ELECT G. MICHAEL LYNCH AS A DIRECTOR	Management	For	For
1. 7	ELECT THOMAS A. MADDEN AS A DIRECTOR	Management	For	For
1. 8	ELECT SHIRLEY D. PETERSON 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: CHICAGO BRIDGE & IRON COMPANY N.V. MEETING DATE: 11/16/2007
TICKER: CBI     SECURITY ID: 167250109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO APPROVE AND AUTHORIZE THE ACQUISITION OF THE LUMMUS GLOBAL BUSINESS OF ABB ASEA BROWN BOVERI LTD. BY CB&I OR DIRECT OR INDIRECT WHOLLY-OWNED SUBSIDIARIES OF CB&I.	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: CHICAGO BRIDGE & IRON COMPANY N.V. MEETING DATE: 05/08/2008
TICKER: CBI     SECURITY ID: 167250109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT GARY L. NEALE AS A DIRECTOR	Management	For	For
1. 2	ELECT MARSHA C. WILLIAMS AS A DIRECTOR	Management	For	For
1. 3	ELECT J. CHARLES JENNETT AS A DIRECTOR	Management	For	For
1. 4	ELECT LARRY D. MCVAY AS A DIRECTOR	Management	For	For
2	TO AUTHORIZE THE PREPARATION OF THE ANNUAL ACCOUNTS OF THE COMPANY AND THE ANNUAL REPORT IN THE ENGLISH LANGUAGE AND TO ADOPT THE DUTCH STATUTORY ANNUAL ACCOUNTS OF THE COMPANY FOR THE YEAR ENDED DECEMBER 31, 2007.	Management	For	For
3	TO DISCHARGE THE SOLE MEMBER OF THE MANAGEMENT BOARD FROM LIABILITY IN RESPECT OF THE EXERCISE OF ITS DUTIES DURING THE YEAR ENDED DECEMBER 31, 2007.	Management	For	For
4	TO DISCHARGE THE MEMBERS OF THE SUPERVISORY BOARD FROM LIABILITY IN RESPECT OF THE EXERCISE OF THEIR DUTIES DURING THE YEAR ENDED DECEMBER 31, 2007.	Management	For	For
5	TO APPROVE THE FINAL DIVIDEND FOR THE YEAR ENDED DECEMBER 31, 2007.	Management	For	For
6	TO APPROVE THE EXTENSION OF THE AUTHORITY OF THE MANAGEMENT BOARD TO REPURCHASE UP TO 10% OF THE ISSUED SHARE CAPITAL OF THE COMPANY UNTIL NOVEMBER 8, 2009.	Management	For	For
7	TO APPOINT ERNST & YOUNG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR ENDING DECEMBER 31, 2008.	Management	For	For
8	TO APPROVE THE AMENDMENT OF THE ARTICLES OF ASSOCIATION TO PERMIT RECORD DATES UP TO 30 DAYS PRIOR TO THE DATE OF A SHAREHOLDER MEETING.	Management	For	For
9	TO APPROVE THE AMENDMENT OF THE 1999 LONG-TERM INCENTIVE PLAN.	Management	For	For
10	TO APPROVE THE EXTENSION OF THE AUTHORITY OF THE SUPERVISORY BOARD TO ISSUE AND/OR GRANT RIGHTS TO ACQUIRE SHARES (INCLUDING OPTIONS TO SUBSCRIBE FOR SHARES) AND TO LIMIT OR EXCLUDE THE PREEMPTIVE RIGHTS OF SHAREHOLDERS OF THE COMPANY UNTIL MAY 8, 2013.	Management	For	For
11	TO APPROVE THE COMPENSATION OF THE SUPERVISORY BOARD MEMBER WHO SERVES AS THE NON-EXECUTIVE CHAIRMAN.	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: CHINA OVERSEAS LAND & INVESTMENT LTD MEETING DATE: 12/27/2007
TICKER: --     SECURITY ID: Y15004107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVE AND RATIFY THE SHAREHOLDERS AGREEMENT AS SPECIFIED, AND THE TRANSACTIONS CONTEMPLATED THEREUNDER AND IMPLEMENTATION THEREOF; AND AUTHORIZE ANY ONE DIRECTOR OF THE COMPANY AND ON BEHALF OF THE COMPANY TO EXECUTE ALL SUCH DOCUMENTS, INSTRUMENTS AND AGREEMENTS AND TO DO ALL SUCH ACTS OR THINGS DEEMED BY HIM TO BE INCIDENTAL TO, ANCILLARY TO OR IN CONNECTION WITH THE MATTERS CONTEMPLATED IN THE SHAREHOLDERS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED THEREUNDER INCLUDING THE AFFIXING OF COM...	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: CHINA OVERSEAS LAND & INVESTMENT LTD MEETING DATE: 06/12/2008
TICKER: --     SECURITY ID: Y15004107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	RECEIVE AND ADOPT THE AUDITED FINANCIAL STATEMENTS AND THE REPORTS OF THE DIRECTORS AND THE AUDITORS FOR THE YE 31 DEC 2007	Management	For	For
2	RE-ELECT MR. HAO JIAN MIN AS A DIRECTOR	Management	For	For
3	RE-ELECT MR. WU JIANBIN AS A DIRECTOR	Management	For	For
4	RE-ELECT MR. LAM KWONG SIU AS A DIRECTOR	Management	For	For
5	RE-ELECT DR. WONG YING HO, KENNEDY AS A DIRECTOR	Management	For	For
6	AUTHORIZE THE BOARD TO FIX THE REMUNERATION OF THE DIRECTORS	Management	For	For
7	DECLARE A FINAL DIVIDEND FOR THE YE 31 DEC 2007 OF HKD 7 CENTS PER SHARE	Management	For	For
8	RE-APPOINT DELOITTE TOUCHE TOHMATSU AS THE AUDITORS AND AUTHORIZE THE BOARD TO FIX THEIR REMUNERATION	Management	For	For
9	AUTHORIZE THE DIRECTORS OF THE COMPANY TO PURCHASE SHARES IN THE CAPITAL OF THE COMPANY DURING THE RELEVANT PERIOD, ON THE STOCK EXCHANGE OF HONG KONG LIMITED THE STOCK EXCHANGE OR ANY OTHER STOCK EXCHANGE RECOGNIZED FOR THIS PURPOSE BY THE SECURITIES AND FUTURES COMMISSION OF HONG KONG AND THE STOCK EXCHANGE UNDER THE HONG KONG CODE ON SHARE REPURCHASES, NOT EXCEEDING 10% OF THE AGGREGATE NOMINAL AMOUNT OF THE SHARE CAPITAL OF THE COMPANY IN ISSUE AS AT THE DATE OF PASSING THIS RESOLUTION; AUTH...	Management	For	For
10	AUTHORIZE THE DIRECTORS OF THE COMPANY, PURSUANT TO SECTION 57B OF THE COMPANIES ORDINANCE CHAPTER 32 OF THE LAWS OF HONG KONG TO ALLOT, ISSUE AND DEAL WITH ADDITIONAL SHARES IN THE CAPITAL OF THE COMPANY AND TO MAKE OR GRANT OFFERS, AGREEMENTS, OPTIONS AND RIGHTS OF EXCHANGE DURING THE RELEVANT PERIOD, NOT EXCEEDING THE AGGREGATE OF A) 20% OF THE SHARE CAPITAL OF THE COMPANY; AND B) THE NOMINAL AMOUNT OF SHARE CAPITAL REPURCHASED UP TO 10% OF THE AGGREGATE NOMINAL AMOUNT OF THE SHARE CAPITAL, O...	Management	For	Abstain
11	APPROVE, CONDITIONAL UPON THE PASSING OF THE RESOLUTIONS 6 AND 7 TO EXTEND THE GENERAL MANDATE GRANTED TO THE DIRECTORS OF THE COMPANY PURSUANT TO THE RESOLUTION 7, BY AN AMOUNT REPRESENTING THE AGGREGATE NOMINAL AMOUNT OF SHARE CAPITAL OF THE COMPANY PURCHASED BY THE COMPANY UNDER THE AUTHORITY GRANTED PURSUANT TO THE RESOLUTION 6, PROVIDED THAT SUCH AMOUNT SHALL NOT EXCEED 10% OF THE AGGREGATE NOMINAL AMOUNT OF THE ISSUED SHARE CAPITAL OF THE COMPANY AS AT THE DATE OF PASSING THIS RESOLUTION	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: D.R. HORTON, INC. MEETING DATE: 01/31/2008
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 BOB G. SCOTT AS A DIRECTOR	Management	For	For
1. 7	ELECT DONALD J. TOMNITZ AS A DIRECTOR	Management	For	For
1. 8	ELECT BILL W. WHEAT AS A DIRECTOR	Management	For	For
2	TO APPROVE AN AMENDMENT AND RESTATEMENT OF THE AMENDED AND RESTATED 2000 INCENTIVE BONUS PLAN WITH RESPECT TO CURRENT AND FUTURE COVERED EMPLOYEES (DETERMINED UNDER SECTION 162(M) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED) AND OTHER PARTICIPANTS.	Management	For	For
3	TO APPROVE THE 2008 PERFORMANCE UNIT PLAN WITH RESPECT TO CURRENT AND FUTURE COVERED EMPLOYEES (DETERMINED UNDER SECTION 162(M) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED) AND OTHER PARTICIPANTS.	Management	For	For
4	TO VOTE ON A STOCKHOLDER PROPOSAL CONCERNING A PAY-FOR-SUPERIOR-PERFORMANCE STANDARD FOR EXECUTIVE COMPENSATION.	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: DEVELOPERS DIVERSIFIED REALTY CORP. MEETING DATE: 05/13/2008
TICKER: DDR     SECURITY ID: 251591103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT DEAN S. ADLER AS A DIRECTOR	Management	For	For
1. 2	ELECT TERRANCE R. AHERN AS A DIRECTOR	Management	For	For
1. 3	ELECT ROBERT H. GIDEL AS A DIRECTOR	Management	For	For
1. 4	ELECT VICTOR B. MACFARLANE AS A DIRECTOR	Management	For	For
1. 5	ELECT CRAIG MACNAB AS A DIRECTOR	Management	For	For
1. 6	ELECT SCOTT D. ROULSTON AS A DIRECTOR	Management	For	For
1. 7	ELECT BARRY A. SHOLEM AS A DIRECTOR	Management	For	For
1. 8	ELECT WILLIAM B. SUMMERS, JR. AS A DIRECTOR	Management	For	For
1. 9	ELECT SCOTT A. WOLSTEIN AS A DIRECTOR	Management	For	For
2	TO APPROVE THE 2008 DEVELOPERS DIVERSIFIED REALTY CORPORATION EQUITY-BASED AWARD PLAN.	Management	For	For
3	TO APPROVE AN AMENDMENT TO THE COMPANY S AMENDED AND RESTATED ARTICLES OF INCORPORATION TO ADOPT A MAJORITY VOTE STANDARD IN UNCONTESTED ELECTIONS OF DIRECTORS.	Management	For	For
4	TO APPROVE AN AMENDMENT TO THE COMPANY S AMENDED AND RESTATED ARTICLES OF INCORPORATION TO CHANGE THE PAR VALUE OF THE COMPANY S COMMON SHARES FROM WITHOUT PAR VALUE TO $0.10 PAR VALUE PER SHARE.	Management	For	For
5	TO RATIFY THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY S INDEPENDENT ACCOUNTANTS FOR THE COMPANY S FISCAL YEAR ENDING DECEMBER 31, 2008.	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: EMCOR GROUP, INC. MEETING DATE: 09/18/2007
TICKER: EME     SECURITY ID: 29084Q100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVAL OF AMENDMENT TO THE RESTATED CERTIFICATE OF INCORPORATION, AS AMENDED OF EMCOR GROUP, INC.	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: EMCOR GROUP, INC. MEETING DATE: 06/18/2008
TICKER: EME     SECURITY ID: 29084Q100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT F. MACINNIS AS A DIRECTOR	Management	For	For
1. 2	ELECT S. BERSHAD AS A DIRECTOR	Management	For	For
1. 3	ELECT D. BROWN AS A DIRECTOR	Management	For	For
1. 4	ELECT L. BUMP AS A DIRECTOR	Management	For	For
1. 5	ELECT A. FRIED AS A DIRECTOR	Management	For	For
1. 6	ELECT R. HAMM AS A DIRECTOR	Management	For	For
1. 7	ELECT J. RYAN AS A DIRECTOR	Management	For	For
1. 8	ELECT M. YONKER AS A DIRECTOR	Management	For	For
2	REAPPROVAL OF THE KEY EXECUTIVE INCENTIVE BONUS PLAN.	Management	For	For
3	APPROVAL OF THE EMPLOYEE STOCK PURCHASE PLAN.	Management	For	For
4	APPOINTMENT OF ERNST & YOUNG 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: EMERITUS CORPORATION MEETING DATE: 08/29/2007
TICKER: ESC     SECURITY ID: 291005106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVAL OF THE ISSUANCE OF UP TO 8,500,000 SHARES OF COMMON STOCK, PURSUANT TO THE TERMS OF AN AGREEMENT AND PLAN OF MERGER DATED AS OF MARCH 29, 2007, AMONG EMERITUS, BOSTON PROJECT ACQUISITION CORP., SUMMERVILLE SENIOR LIVING, INC., AP SUMMERVILLE, LLC, AP SUMMERVILLE II, LLC, DANIEL R. BATY AND SARATOGA PARTNERS IV, LP.	Management	For	For
2. 1	ELECT STANLEY L. BATY AS A DIRECTOR	Management	For	For
2. 2	ELECT RAYMOND R. BRANDSTROM AS A DIRECTOR	Management	For	For
2. 3	ELECT T. MICHAEL YOUNG AS A DIRECTOR	Management	For	For
3	APPROVAL OF AMENDMENTS TO OUR RESTATED ARTICLES OF INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF EMERITUS COMMON STOCK TO 100 MILLION AND TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF EMERITUS PREFERRED STOCK TO 20 MILLION.	Management	For	For
4	APPROVAL OF AMENDMENTS TO OUR 2006 EQUITY INCENTIVE PLAN TO INCREASE THE NUMBER OF SHARES TO 3 MILLION AND TO INCREASE THE SHARE LIMIT ON INDIVIDUAL AWARDS.	Management	For	Against
5	RATIFICATION OF THE APPOINTMENT OF KPMG LLP AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR 2007.	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: EQUITY RESIDENTIAL MEETING DATE: 06/10/2008
TICKER: EQR     SECURITY ID: 29476L107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT JOHN W. ALEXANDER AS A DIRECTOR	Management	For	For
1. 2	ELECT CHARLES L. ATWOOD AS A DIRECTOR	Management	For	For
1. 3	ELECT STEPHEN O. EVANS AS A DIRECTOR	Management	For	For
1. 4	ELECT BOONE A. KNOX AS A DIRECTOR	Management	For	For
1. 5	ELECT JOHN E. NEAL AS A DIRECTOR	Management	For	For
1. 6	ELECT DAVID J. NEITHERCUT AS A DIRECTOR	Management	For	For
1. 7	ELECT DESIREE G. ROGERS AS A DIRECTOR	Management	For	For
1. 8	ELECT SHELI Z. ROSENBERG AS A DIRECTOR	Management	For	For
1. 9	ELECT GERALD A. SPECTOR AS A DIRECTOR	Management	For	For
1. 10	ELECT B. JOSEPH WHITE AS A DIRECTOR	Management	For	For
1. 11	ELECT SAMUEL ZELL AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE SELECTION OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT AUDITOR FOR THE YEAR ENDING DECEMBER 31, 2008.	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: FLUOR CORPORATION MEETING DATE: 05/07/2008
TICKER: FLR     SECURITY ID: 343412102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	ELECTION OF CLASS III DIRECTOR: ILESANMI ADESIDA	Management	For	For
2	ELECTION OF CLASS III DIRECTOR: PETER J. FLUOR	Management	For	For
3	ELECTION OF CLASS III DIRECTOR: JOSEPH W. PRUEHER	Management	For	For
4	ELECTION OF CLASS III DIRECTOR: SUZANNE H. WOOLSEY	Management	For	For
5	RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS REGISTERED PUBLIC ACCOUNTING FIRM FOR 2008.	Management	For	For
6	AMENDMENT OF THE CERTIFICATE OF INCORPORATION TO INCREASE AUTHORIZED SHARES.	Management	For	Against
7	APPROVAL OF THE 2008 EXECUTIVE PERFORMANCE INCENTIVE PLAN.	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: FOSTER WHEELER LTD. MEETING DATE: 01/08/2008
TICKER: FWLT     SECURITY ID: G36535139
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	INCREASE IN THE AUTHORIZED SHARE CAPITAL OF THE COMPANY DESCRIBED IN THE PROXY STATEMENT.	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: FOSTER WHEELER LTD. MEETING DATE: 05/06/2008
TICKER: FWLT     SECURITY ID: G36535139
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT JACK A. FUSCO AS A DIRECTOR	Management	For	For
1. 2	ELECT EDWARD G. GALANTE AS A DIRECTOR	Management	For	For
1. 3	ELECT RAYMOND J. MILCHOVICH AS A DIRECTOR	Management	For	For
2	APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS FOSTER WHEELER LTD S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2008 AND AUTHORIZATION OF THE BOARD, THROUGH THE AUDIT COMMITTEE, TO SET THE FIRM S REMUNERATION.	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: GENERAL GROWTH PROPERTIES, INC. MEETING DATE: 05/14/2008
TICKER: GGP     SECURITY ID: 370021107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT MATTHEW BUCKSBAUM AS A DIRECTOR	Management	For	For
1. 2	ELECT BERNARD FREIBAUM AS A DIRECTOR	Management	For	For
1. 3	ELECT BETH STEWART AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE SELECTION OF INDEPENDENT PUBLIC ACCOUNTANTS.	Management	For	For
3	STOCKHOLDER PROPOSAL TO DECLASSIFY THE BOARD 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: GRANITE CONSTRUCTION INCORPORATED MEETING DATE: 05/19/2008
TICKER: GVA     SECURITY ID: 387328107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT DAVID H. WATTS AS A DIRECTOR	Management	For	For
1. 2	ELECT J. FERNANDO NIEBLA AS A DIRECTOR	Management	For	For
1. 3	ELECT GARY M. CUSUMANO AS A DIRECTOR	Management	For	For
2	TO ACT UPON A PROPOSAL TO AMEND THE GRANITE CONSTRUCTION INCORPORATED AMENDED AND RESTATED 1999 EQUITY INCENTIVE PLAN.	Management	For	For
3	TO RATIFY THE APPOINTMENT BY GRANITE S AUDIT/COMPLIANCE COMMITTEE OF PRICEWATERHOUSECOOPERS LLP AS GRANITE S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2008.	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: GREAT LAKES DREDGE & DOCK CORPORATION MEETING DATE: 05/14/2008
TICKER: GLDD     SECURITY ID: 390607109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT PETER R. DEUTSCH AS A DIRECTOR	Management	For	For
1. 2	ELECT NATHAN D. LEIGHT AS A DIRECTOR	Management	For	For
1. 3	ELECT DOUGLAS B. MACKIE AS A DIRECTOR	Management	For	For
2	TO RATIFY THE APPOINTMENT OF DELOITTE AND TOUCHE LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2008.	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: HOME PROPERTIES, INC. MEETING DATE: 05/01/2008
TICKER: HME     SECURITY ID: 437306103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT JOSH E. FIDLER AS A DIRECTOR	Management	For	For
1. 2	ELECT ALAN L. GOSULE AS A DIRECTOR	Management	For	For
1. 3	ELECT LEONARD F. HELBIG, III AS A DIRECTOR	Management	For	For
1. 4	ELECT ROGER W. KOBER AS A DIRECTOR	Management	For	For
1. 5	ELECT NORMAN P. LEENHOUTS AS A DIRECTOR	Management	For	For
1. 6	ELECT NELSON B. LEENHOUTS AS A DIRECTOR	Management	For	For
1. 7	ELECT EDWARD J. PETTINELLA AS A DIRECTOR	Management	For	For
1. 8	ELECT CLIFFORD W. SMITH, JR. AS A DIRECTOR	Management	For	For
1. 9	ELECT PAUL L. SMITH AS A DIRECTOR	Management	For	For
1. 10	ELECT AMY L. TAIT AS A DIRECTOR	Management	For	For
2	TO APPROVE THE COMPANY S 2008 STOCK BENEFIT PLAN.	Management	For	For
3	TO APPROVE AN AMENDMENT TO THE COMPANY S DEFERRED BONUS PLAN.	Management	For	For
4	TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2008.	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: INFRASOURCE SERVICES, INC. MEETING DATE: 08/30/2007
TICKER: IFS     SECURITY ID: 45684P102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	THE ADOPTION OF THE AGREEMENT AND PLAN OF MERGER, DATED AS OF MARCH 18, 2007, BY AND AMONG QUANTA SERVICES, INC., QUANTA MS ACQUISITION, INC. AND THE COMPANY (THE MERGER AGREEMENT ).	Management	For	For
2	ANY ADJOURNMENT OR POSTPONEMENT OF THE SPECIAL MEETING, IF NECESSARY, TO SOLICIT ADDITIONAL PROXIES IN FAVOR OF THE PROPOSAL TO ADOPT THE MERGER AGREEMENT.	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: INGERSOLL-RAND COMPANY LIMITED MEETING DATE: 06/04/2008
TICKER: IR     SECURITY ID: G4776G101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT A.C. BERZIN AS A DIRECTOR	Management	For	For
1. 2	ELECT G.D. FORSEE AS A DIRECTOR	Management	For	For
1. 3	ELECT P.C. GODSOE AS A DIRECTOR	Management	For	For
1. 4	ELECT H.L. HENKEL AS A DIRECTOR	Management	For	For
1. 5	ELECT C.J. HORNER AS A DIRECTOR	Management	For	For
1. 6	ELECT H.W. LICHTENBERGER AS A DIRECTOR	Management	For	For
1. 7	ELECT T.E. MARTIN AS A DIRECTOR	Management	For	For
1. 8	ELECT P. NACHTIGAL AS A DIRECTOR	Management	For	For
1. 9	ELECT O.R. SMITH AS A DIRECTOR	Management	For	For
1. 10	ELECT R.J. SWIFT AS A DIRECTOR	Management	For	For
1. 11	ELECT T.L. WHITE AS A DIRECTOR	Management	For	For
2	APPROVAL OF THE AMENDED AND RESTATED BYE-LAWS OF THE COMPANY.	Management	For	For
3	APPOINTMENT OF INDEPENDENT AUDITORS AND AUTHORIZATION OF BOARD OF DIRECTORS TO FIX THE AUDITORS REMUNERATION.	Management	For	For
4	SHAREHOLDER PROPOSAL TO REQUIRE A SHAREHOLDER VOTE ON AN ADVISORY RESOLUTION WITH RESPECT TO EXECUTIVE COMPENSATION.	Shareholder	Against	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: JACOBS ENGINEERING GROUP INC. MEETING DATE: 01/24/2008
TICKER: JEC     SECURITY ID: 469814107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT JOHN P. JUMPER AS A DIRECTOR	Management	For	For
1. 2	ELECT LINDA FAYNE LEVINSON AS A DIRECTOR	Management	For	For
1. 3	ELECT CRAIG L. MARTIN AS A DIRECTOR	Management	For	For
2	TO APPROVE ERNST & YOUNG LLP AS 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: KB HOME MEETING DATE: 04/03/2008
TICKER: KBH     SECURITY ID: 48666K109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	ELECTION OF DIRECTOR: STEPHEN F. BOLLENBACH	Management	For	For
2	ELECTION OF DIRECTOR: TIMOTHY W. FINCHEM	Management	For	For
3	ELECTION OF DIRECTOR: J. TERRENCE LANNI	Management	For	For
4	PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS KB HOME S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING NOVEMBER 30, 2008.	Management	For	For
5	STOCKHOLDER PROPOSAL RELATING TO EXECUTIVE COMPENSATION.	Shareholder	Against	Against
6	STOCKHOLDER PROPOSAL RELATING TO STOCKHOLDER APPROVAL OF SEVERANCE AGREEMENTS.	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: KBR, INC. MEETING DATE: 09/27/2007
TICKER: KBR     SECURITY ID: 48242W106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT WILLIAM P. "BILL" UTT AS A DIRECTOR	Management	For	For
1. 2	ELECT JEFFREY E. CURTISS AS A DIRECTOR	Management	For	For
2	TO RATIFY THE SELECTION OF KMPG LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM TO EXAMINE THE FINANCIAL STATEMENTS AND BOOKS AND RECORDS OF KBR, INC. FOR 2007.	Management	For	For
3	TO APPROVE THE KBR, INC. 2006 STOCK AND INCENTIVE PLAN, AS AMENDED.	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: KBR, INC. MEETING DATE: 05/07/2008
TICKER: KBR     SECURITY ID: 48242W106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT JOHN R. HUFF AS A DIRECTOR	Management	For	For
1. 2	ELECT LESTER L. LYLES AS A DIRECTOR	Management	For	For
1. 3	ELECT RICHARD J. SLATER AS A DIRECTOR	Management	For	For
2	TO RATIFY THE SELECTION OF KPMG LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM TO AUDIT THE CONSOLIDATED FINANCIAL STATEMENTS OF KBR, INC. FOR THE YEAR ENDING DECEMBER 31, 2008.	Management	For	For
3	TO APPROVE THE KBR, INC. 2009 EMPLOYEE STOCK PURCHASE PLAN.	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: LENNAR CORPORATION MEETING DATE: 04/08/2008
TICKER: LEN     SECURITY ID: 526057104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT STUART A. MILLER AS A DIRECTOR	Management	For	For
1. 2	ELECT JEFFREY SONNENFELD AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY THE SELECTION OF DELOITTE & TOUCHE LLP AS THE COMPANY S INDEPENDENT REGISTERED ACCOUNTING FIRM.	Management	For	For
3	PROPOSAL TO DECLASSIFY THE BOARD OF DIRECTORS.	Management	For	For
4	STOCKHOLDER PROPOSAL REGARDING EXECUTIVE PAY FOR SUPERIOR PERFORMANCE.	Shareholder	Against	Against
5	STOCKHOLDER PROPOSAL REGARDING A COMPLIANCE COMMITTEE.	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: LOWE'S COMPANIES, INC. MEETING DATE: 05/30/2008
TICKER: LOW     SECURITY ID: 548661107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT ROBERT A. INGRAM AS A DIRECTOR	Management	For	For
1. 2	ELECT ROBERT L. JOHNSON AS A DIRECTOR	Management	For	For
1. 3	ELECT RICHARD K. LOCHRIDGE AS A DIRECTOR	Management	For	For
2	TO RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.	Management	For	For
3	TO APPROVE THE AMENDMENTS TO LOWE S ARTICLES OF INCORPORATION ELIMINATING THE CLASSIFIED STRUCTURE OF THE BOARD OF DIRECTORS.	Management	For	For
4	SHAREHOLDER PROPOSAL REGARDING SUPERMAJORITY VOTE REQUIREMENTS.	Shareholder	Against	For
5	SHAREHOLDER PROPOSAL REGARDING EXECUTIVE COMPENSATION PLAN.	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: M.D.C. HOLDINGS, INC. MEETING DATE: 04/29/2008
TICKER: MDC     SECURITY ID: 552676108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT WILLIAM B. KEMPER AS A DIRECTOR	Management	For	For
1. 2	ELECT DAVID D. MANDARICH AS A DIRECTOR	Management	For	For
2	TO APPROVE THE M.D.C. HOLDINGS, INC. AMENDED EXECUTIVE OFFICER PERFORMANCE-BASED COMPENSATION PLAN.	Management	For	For
3	TO APPROVE A PLAN AMENDMENT TO AUTHORIZE STOCK OPTION REPRICING AND AN EXCHANGE PROGRAM TO REPRICE STOCK OPTIONS HELD BY COMPANY EMPLOYEES.	Management	For	Against
4	TO APPROVE A PLAN AMENDMENT TO REPRICE STOCK OPTIONS HELD BY THE COMPANY S INDEPENDENT DIRECTORS AND IMPLEMENT A RESTRICTIVE EXERCISABILITY PERIOD.	Management	For	Against
5	TO VOTE ON A SHAREOWNER PROPOSAL CONCERNING ESTABLISHMENT OF A NEW COMPLIANCE COMMITTEE AND REVIEW OF REGULATORY, LITIGATION AND COMPLIANCE RISKS.	Shareholder	Against	Abstain
6	TO APPROVE THE SELECTION OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE 2008 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: MARTIN MARIETTA MATERIALS, INC. MEETING DATE: 05/28/2008
TICKER: MLM     SECURITY ID: 573284106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT SUE W. COLE AS A DIRECTOR	Management	For	For
1. 2	ELECT MICHAEL J. QUILLEN AS A DIRECTOR	Management	For	For
1. 3	ELECT STEPHEN P. ZELNAK, JR. AS A DIRECTOR	Management	For	For
2	RATIFICATION OF SELECTION 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: MASCO CORPORATION MEETING DATE: 05/13/2008
TICKER: MAS     SECURITY ID: 574599106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	ELECTION OF DIRECTOR: VERNE G. ISTOCK	Management	For	For
2	ELECTION OF DIRECTOR: DAVID L. JOHNSTON	Management	For	For
3	ELECTION OF DIRECTOR: J. MICHAEL LOSH	Management	For	For
4	ELECTION OF DIRECTOR: TIMOTHY WADHAMS	Management	For	For
5	RATIFICATION OF THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT ACCOUNTANTS TO AUDIT THE COMPANY S FINANCIAL STATEMENTS FOR 2008.	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: MERITAGE HOMES CORPORATION MEETING DATE: 05/15/2008
TICKER: MTH     SECURITY ID: 59001A102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT STEVEN J. HILTON AS A DIRECTOR	Management	For	For
1. 2	ELECT RAYMOND OPPEL AS A DIRECTOR	Management	For	For
1. 3	ELECT RICHARD T. BURKE, SR. AS A DIRECTOR	Management	For	For
2	TO RATIFY THE SELECTION OF THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.	Management	For	For
3	TO APPROVE THE AMENDMENT TO THE 2006 STOCK INCENTIVE PLAN TO INCREASE THE NUMBER OF SHARES AUTHORIZED FOR ISSUANCE.	Management	For	Against
4	TO APPROVE THE AMENDMENT TO THE 2006 STOCK INCENTIVE PLAN TO INCREASE THE LIMIT ON THE NUMBER OF SHARES THAT MAY BE GRANTED TO A PARTICIPANT DURING A CALENDAR YEAR.	Management	For	Against
5	TO APPROVE AUTHORIZATION OF PREFERRED STOCK.	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: MRV ENGENHARIA PARTICIPACOES SA MEETING DATE: 04/14/2008
TICKER: --     SECURITY ID: P6986W107
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. IF YOU HAVE ANY QUESTIONS, PLEASE CONTACT YOUR CLIENT SERVICE REPRESENTATIVE	N/A	N/A	N/A
2	APPROVE TO EXAMINE, DISCUSS AND VOTE UPON THE BOARD OF DIRECTORS ANNUAL REPORT AND THE FINANCIAL STATEMENTS TO FYE 31 DEC 2007	Management	For	For
3	APPROVE THE DESTINATION OF THE YEAR END RESULTS OF 2007, AND THE DISTRIBUTIONOF DIVIDENDS	Management	For	For
4	APPROVE TO DECIDE ON THE NEWSPAPERS IN WHICH COMPANY NOTICES WILL BE PUBLISHED	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: NCI BUILDING SYSTEMS, INC. MEETING DATE: 03/06/2008
TICKER: NCS     SECURITY ID: 628852105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT NORMAN C. CHAMBERS AS A DIRECTOR	Management	For	For
1. 2	ELECT WILLIAM D. BREEDLOVE AS A DIRECTOR	Management	For	For
1. 3	ELECT PHILLIP J. HAWK AS A DIRECTOR	Management	For	For
2	RATIFICATION OF ERNST & YOUNG LLP FOR FISCAL 2008.	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: PULTE HOMES, INC. MEETING DATE: 05/15/2008
TICKER: PHM     SECURITY ID: 745867101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT RICHARD G. WOLFORD* AS A DIRECTOR	Management	For	For
1. 2	ELECT CHERYL W. GRISE** AS A DIRECTOR	Management	For	For
1. 3	ELECT WILLIAM B. SMITH** AS A DIRECTOR	Management	For	For
1. 4	ELECT BRIAN P. ANDERSON** AS A DIRECTOR	Management	For	For
1. 5	ELECT PATRICK J. O'LEARY** AS A DIRECTOR	Management	For	For
2	THE APPROVAL OF THE PULTE HOMES, INC. 2008 SENIOR MANAGEMENT INCENTIVE PLAN.	Management	For	For
3	TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS PULTE HOMES INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2008.	Management	For	For
4	A SHAREHOLDER PROPOSAL REQUESTING THE ELECTION OF DIRECTORS BY A MAJORITY, RATHER THAN PLURALITY, VOTE.	Shareholder	Against	Against
5	A SHAREHOLDER PROPOSAL REQUESTING THE DECLASSIFICATION OF THE BOARD OF DIRECTORS.	Shareholder	Against	For
6	A SHAREHOLDER PROPOSAL REGARDING THE USE OF PERFORMANCE-BASED OPTIONS.	Shareholder	Against	Against
7	A SHAREHOLDER PROPOSAL REQUESTING ANNUAL ADVISORY VOTES ON EXECUTIVE COMPENSATION.	Shareholder	Against	Abstain
8	A SHAREHOLDER PROPOSAL REQUESTING A REPORT REGARDING CLIMATE CHANGE.	Shareholder	Against	Abstain
9	A SHAREHOLDER PROPOSAL REQUESTING THE CREATION OF AN OVERSIGHT COMMITTEE WITH RESPECT TO NONTRADITIONAL MORTGAGE LOANS.	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: QUANTA SERVICES, INC. MEETING DATE: 08/30/2007
TICKER: PWR     SECURITY ID: 74762E102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVAL OF THE ISSUANCE OF SHARES OF QUANTA COMMON STOCK PURSUANT TO THE AGREEMENT AND PLAN OF MERGER, DATED AS OF MARCH 18, 2007, BY AND AMONG QUANTA, QUANTA MS ACQUISITION, INC., AND INFRASOURCE SERVICES, INC.	Management	For	For
2	APPROVAL OF ADJOURNMENTS OR POSTPONEMENTS 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: QUANTA SERVICES, INC. MEETING DATE: 05/22/2008
TICKER: PWR     SECURITY ID: 74762E102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT JAMES R. BALL AS A DIRECTOR	Management	For	For
1. 2	ELECT JOHN R. COLSON AS A DIRECTOR	Management	For	For
1. 3	ELECT J. MICHAL CONAWAY AS A DIRECTOR	Management	For	For
1. 4	ELECT RALPH R. DISIBIO AS A DIRECTOR	Management	For	For
1. 5	ELECT BERNARD FRIED AS A DIRECTOR	Management	For	For
1. 6	ELECT LOUIS C. GOLM AS A DIRECTOR	Management	For	For
1. 7	ELECT WORTHING F. JACKMAN AS A DIRECTOR	Management	For	For
1. 8	ELECT BRUCE RANCK AS A DIRECTOR	Management	For	For
1. 9	ELECT JOHN R. WILSON AS A DIRECTOR	Management	For	For
1. 10	ELECT PAT WOOD, III AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY S 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: STANDARD PACIFIC CORP. MEETING DATE: 12/11/2007
TICKER: SPF     SECURITY ID: 85375C101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO AMEND OUR RESTATED CERTIFICATE OF INCORPORATION ( CERTIFICATE ) TO INCREASE THE TOTAL NUMBER OF SHARES OF CAPITAL STOCK THAT THE COMPANY IS AUTHORIZED TO ISSUE FROM 110,000,000 SHARES TO 210,000,000 SHARES BY INCREASING THE TOTAL NUMBER OF AUTHORIZED SHARES OF COMMON STOCK FROM 100,000,000 SHARES TO 200,000,000 SHARES.	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: TEXAS INDUSTRIES, INC. MEETING DATE: 10/16/2007
TICKER: TXI     SECURITY ID: 882491103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT MEL G. BREKHUS AS A DIRECTOR	Management	For	Withhold
1. 2	ELECT ROBERT D. ROGERS AS A DIRECTOR	Management	For	Withhold
1. 3	ELECT RONALD G. STEINHART AS A DIRECTOR	Management	For	Withhold
2	TO AMEND THE CERTIFICATE OF INCORPORATION TO INCREASE THE AUTHORIZED COMMON STOCK FROM 40 MILLION TO 100 MILLION SHARES.	Management	For	Against
3	TO APPROVE THE SELECTION OF ERNST & YOUNG LLP AS OUR INDEPENDENT AUDITORS.	Management	For	For
4	TO CONSIDER A SHAREHOLDER PROPOSAL REGARDING A SUSTAINABILITY REPORT.	Shareholder	Against	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: THE HOME DEPOT, INC. MEETING DATE: 05/22/2008
TICKER: HD     SECURITY ID: 437076102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	ELECTION OF DIRECTOR: F. DUANE ACKERMAN	Management	For	For
2	ELECTION OF DIRECTOR: DAVID H. BATCHELDER	Management	For	For
3	ELECTION OF DIRECTOR: FRANCIS S. BLAKE	Management	For	For
4	ELECTION OF DIRECTOR: ARI BOUSBIB	Management	For	For
5	ELECTION OF DIRECTOR: GREGORY D. BRENNEMAN	Management	For	For
6	ELECTION OF DIRECTOR: ALBERT P. CAREY	Management	For	For
7	ELECTION OF DIRECTOR: ARMANDO CODINA	Management	For	For
8	ELECTION OF DIRECTOR: BRIAN C. CORNELL	Management	For	For
9	ELECTION OF DIRECTOR: BONNIE G. HILL	Management	For	For
10	ELECTION OF DIRECTOR: KAREN L. KATEN	Management	For	For
11	TO RATIFY THE APPOINTMENT OF KPMG LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF THE COMPANY FOR THE FISCAL YEAR ENDING FEBRUARY 1, 2009	Management	For	For
12	TO APPROVE THE MATERIAL TERMS OF OFFICER PERFORMANCE GOALS UNDER THE MANAGEMENT INCENTIVE PLAN	Management	For	For
13	TO APPROVE AN AMENDMENT TO THE COMPANY S EMPLOYEE STOCK PURCHASE PLAN TO INCREASE THE NUMBER OF RESERVED SHARES	Management	For	For
14	SHAREHOLDER PROPOSAL REGARDING POLITICAL NONPARTISANSHIP	Shareholder	Against	Abstain
15	SHAREHOLDER PROPOSAL REGARDING SPECIAL SHAREHOLDER MEETINGS	Shareholder	Against	Against
16	SHAREHOLDER PROPOSAL REGARDING EMPLOYMENT DIVERSITY REPORT DISCLOSURE	Shareholder	Against	Abstain
17	SHAREHOLDER PROPOSAL REGARDING EXECUTIVE OFFICER COMPENSATION	Shareholder	Against	Abstain
18	SHAREHOLDER PROPOSAL REGARDING PAY-FOR-SUPERIOR PERFORMANCE	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: THE RYLAND GROUP, INC. MEETING DATE: 04/23/2008
TICKER: RYL     SECURITY ID: 783764103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT R. CHAD DREIER AS A DIRECTOR	Management	For	For
1. 2	ELECT LESLIE M. FRECON AS A DIRECTOR	Management	For	For
1. 3	ELECT WILLIAM L. JEWS AS A DIRECTOR	Management	For	For
1. 4	ELECT ROLAND A. HERNANDEZ AS A DIRECTOR	Management	For	For
1. 5	ELECT NED MANSOUR AS A DIRECTOR	Management	For	For
1. 6	ELECT ROBERT E. MELLOR AS A DIRECTOR	Management	For	For
1. 7	ELECT NORMAN J. METCALFE AS A DIRECTOR	Management	For	For
1. 8	ELECT CHARLOTTE ST. MARTIN AS A DIRECTOR	Management	For	For
2	APPROVAL OF THE RYLAND GROUP, INC. 2008 EQUITY INCENTIVE PLAN.	Management	For	For
3	RE-APPROVE RYLAND S SENIOR EXECUTIVE PERFORMANCE PLAN TO COMPLY WITH THE REQUIREMENTS OF SECTION 162(M) OF THE INTERNAL REVENUE CODE.	Management	For	For
4	RE-APPROVE RYLAND S TRG INCENTIVE PLAN TO COMPLY WITH THE REQUIREMENTS OF SECTION 162(M) OF THE INTERNAL REVENUE CODE.	Management	For	For
5	RE-APPROVE RYLAND S PERFORMANCE AWARD PROGRAM TO COMPLY WITH THE REQUIREMENTS OF SECTION 162(M) OF THE INTERNAL REVENUE CODE.	Management	For	For
6	CONSIDERATION OF A PROPOSAL FROM THE NATHAN CUMMINGS FOUNDATION (A STOCKHOLDER).	Shareholder	Against	Abstain
7	RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS RYLAND S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2008.	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 SHAW GROUP INC. MEETING DATE: 01/29/2008
TICKER: SGR     SECURITY ID: 820280105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT J.M. BERNHARD, JR. AS A DIRECTOR	Management	For	For
1. 2	ELECT JAMES F. BARKER AS A DIRECTOR	Management	For	For
1. 3	ELECT THOS. E. CAPPS AS A DIRECTOR	Management	For	For
1. 4	ELECT L. LANE GRIGSBY AS A DIRECTOR	Management	For	For
1. 5	ELECT DANIEL A. HOFFLER AS A DIRECTOR	Management	For	For
1. 6	ELECT DAVID W. HOYLE AS A DIRECTOR	Management	For	For
1. 7	ELECT MICHAEL J. MANCUSO AS A DIRECTOR	Management	For	For
1. 8	ELECT ALBERT D. MCALISTER AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY THE AUDIT COMMITTEE S APPOINTMENT OF KPMG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE 2008 FISCAL YEAR.	Management	For	For
3	TRANSACT SUCH OTHER BUSINESS, INCLUDING ACTION ON SHAREHOLDER PROPOSALS, AS MAY PROPERLY COME BEFORE THE ANNUAL MEETING AND ANY ADJOURNMENT OR POSTPONEMENT THEREOF.	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: THE SHERWIN-WILLIAMS COMPANY MEETING DATE: 04/16/2008
TICKER: SHW     SECURITY ID: 824348106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT A.F. ANTON AS A DIRECTOR	Management	For	For
1. 2	ELECT J.C. BOLAND AS A DIRECTOR	Management	For	For
1. 3	ELECT C.M. CONNOR AS A DIRECTOR	Management	For	For
1. 4	ELECT D.E. EVANS AS A DIRECTOR	Management	For	For
1. 5	ELECT D.F. HODNIK AS A DIRECTOR	Management	For	For
1. 6	ELECT S.J. KROPF AS A DIRECTOR	Management	For	For
1. 7	ELECT R.W. MAHONEY AS A DIRECTOR	Management	For	For
1. 8	ELECT G.E. MCCULLOUGH AS A DIRECTOR	Management	For	For
1. 9	ELECT A.M. MIXON, III AS A DIRECTOR	Management	For	For
1. 10	ELECT C.E. MOLL AS A DIRECTOR	Management	For	For
1. 11	ELECT R.K. SMUCKER AS A DIRECTOR	Management	For	For
2	RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	Management	For	For
3	SHAREHOLDER PROPOSAL RELATING TO MAJORITY VOTING	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: THE ST. JOE COMPANY MEETING DATE: 05/13/2008
TICKER: JOE     SECURITY ID: 790148100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT MICHAEL L. AINSLIE AS A DIRECTOR	Management	For	For
1. 2	ELECT HUGH M. DURDEN AS A DIRECTOR	Management	For	For
1. 3	ELECT THOMAS A. FANNING AS A DIRECTOR	Management	For	For
1. 4	ELECT HARRY H. FRAMPTON, III AS A DIRECTOR	Management	For	Withhold
1. 5	ELECT WM. BRITTON GREENE AS A DIRECTOR	Management	For	For
1. 6	ELECT ADAM W. HERBERT, JR. AS A DIRECTOR	Management	For	For
1. 7	ELECT DELORES M. KESLER AS A DIRECTOR	Management	For	For
1. 8	ELECT JOHN S. LORD AS A DIRECTOR	Management	For	For
1. 9	ELECT WALTER L. REVELL AS A DIRECTOR	Management	For	For
1. 10	ELECT PETER S. RUMMELL AS A DIRECTOR	Management	For	For
2	TO RATIFY THE APPOINTMENT OF KPMG LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF THE ST. JOE COMPANY FOR THE 2008 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: TOLL BROTHERS, INC. MEETING DATE: 03/12/2008
TICKER: TOL     SECURITY ID: 889478103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT ROBERT I. TOLL AS A DIRECTOR	Management	For	Withhold
1. 2	ELECT BRUCE E. TOLL AS A DIRECTOR	Management	For	Withhold
1. 3	ELECT JOEL H. RASSMAN AS A DIRECTOR	Management	For	Withhold
2	THE APPROVAL OF THE TOLL BROTHERS, INC. CEO CASH BONUS PLAN.	Management	For	For
3	THE APPROVAL OF AN AMENDMENT TO THE TOLL BROTHERS, INC. STOCK INCENTIVE PLAN FOR EMPLOYEES (2007).	Management	For	For
4	THE APPROVAL OF AN AMENDMENT TO THE TOLL BROTHERS, INC. STOCK INCENTIVE PLAN FOR NON-EMPLOYEE DIRECTORS (2007).	Management	For	For
5	THE APPROVAL OF PLAN AMENDMENTS TO AUTHORIZE A STOCK OPTION EXCHANGE PROGRAM FOR EMPLOYEES OTHER THAN EXECUTIVE OFFICERS AND DIRECTORS.	Management	For	For
6	THE RATIFICATION OF THE RE-APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE 2008 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: UDR, INC. MEETING DATE: 05/30/2008
TICKER: UDR     SECURITY ID: 902653104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT KATHERINE A. CATTANACH AS A DIRECTOR	Management	For	For
1. 2	ELECT ERIC J. FOSS AS A DIRECTOR	Management	For	For
1. 3	ELECT ROBERT P. FREEMAN AS A DIRECTOR	Management	For	For
1. 4	ELECT JON A. GROVE AS A DIRECTOR	Management	For	For
1. 5	ELECT JAMES D. KLINGBEIL AS A DIRECTOR	Management	For	For
1. 6	ELECT ROBERT C. LARSON AS A DIRECTOR	Management	For	For
1. 7	ELECT THOMAS R. OLIVER AS A DIRECTOR	Management	For	For
1. 8	ELECT LYNNE B. SAGALYN AS A DIRECTOR	Management	For	For
1. 9	ELECT MARK J. SANDLER AS A DIRECTOR	Management	For	For
1. 10	ELECT THOMAS W. TOOMEY AS A DIRECTOR	Management	For	For
1. 11	ELECT THOMAS C. WAJNERT AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP TO SERVE AS OUR INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2008.	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: UNIVERSAL FOREST PRODUCTS, INC. MEETING DATE: 04/16/2008
TICKER: UFPI     SECURITY ID: 913543104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT JOHN W. GARSIDE AS A DIRECTOR	Management	For	For
1. 2	ELECT GARY F. GOODE AS A DIRECTOR	Management	For	For
1. 3	ELECT MARK A. MURRAY AS A DIRECTOR	Management	For	For
2	APPROVE THE COMPANY S AMENDED EMPLOYEE STOCK PURCHASE PLAN.	Management	For	For
3	RATIFICATION OF APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT PUBLIC ACCOUNTANTS OF THE COMPANY FOR FISCAL 2008.	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: URS CORPORATION MEETING DATE: 11/15/2007
TICKER: URS     SECURITY ID: 903236107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVAL OF THE ISSUANCE OF SHARES OF URS COMMON STOCK PURSUANT TO THE AGREEMENT AND PLAN OF MERGER, DATED AS OF MAY 27, 2007, BY AND AMONG URS CORPORATION, ELK MERGER CORPORATION, A WHOLLY OWNED SUBSIDIARY OF URS, BEAR MERGER SUB, INC., A WHOLLY OWNED SUBSIDIARY OF URS, AND WASHINGTON GROUP INTERNATIONAL, INC.	Management	For	For
2	ADJOURNMENT OR POSTPONEMENT OF THE URS SPECIAL MEETING, IF NECESSARY, TO PERMIT FURTHER SOLICITATION OF PROXIES IF THERE ARE NOT SUFFICIENT VOTES AT THE TIME OF THE URS SPECIAL MEETING IN FAVOR OF THE FOREGOING.	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: URS CORPORATION MEETING DATE: 05/22/2008
TICKER: URS     SECURITY ID: 903236107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	ELECTION OF DIRECTOR: H. JESSE ARNELLE	Management	For	For
2	ELECTION OF DIRECTOR: ARMEN DER MARDEROSIAN	Management	For	For
3	ELECTION OF DIRECTOR: MICKEY P. FORET	Management	For	For
4	ELECTION OF DIRECTOR: MARTIN M. KOFFEL	Management	For	For
5	ELECTION OF DIRECTOR: JOSEPH W. RALSTON	Management	For	For
6	ELECTION OF DIRECTOR: JOHN D. ROACH	Management	For	For
7	ELECTION OF DIRECTOR: DOUGLAS W. STOTLAR	Management	For	For
8	ELECTION OF DIRECTOR: WILLIAM P. SULLIVAN	Management	For	For
9	ELECTION OF DIRECTOR: WILLIAM D. WALSH	Management	For	For
10	ELECTION OF DIRECTOR: LYDIA H. KENNARD	Management	For	For
11	TO APPROVE AN AMENDMENT TO OUR CERTIFICATE OF INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF OUR COMMON STOCK.	Management	For	For
12	TO APPROVE OUR 2008 EQUITY INCENTIVE PLAN.	Management	For	For
13	TO APPROVE OUR 2008 EMPLOYEE STOCK PURCHASE PLAN.	Management	For	For
14	TO RATIFY THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS OUR 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: VULCAN MATERIALS COMPANY MEETING DATE: 05/09/2008
TICKER: VMC     SECURITY ID: 929160109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT DONALD M. JAMES AS A DIRECTOR	Management	For	Withhold
1. 2	ELECT A. MCLAUGHLIN KOROLOGOS AS A DIRECTOR	Management	For	Withhold
1. 3	ELECT PHILIP J. CARROLL, JR. AS A DIRECTOR	Management	For	Withhold
1. 4	ELECT ORIN R. SMITH AS A DIRECTOR	Management	For	Withhold
2	PROPOSAL TO RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS VULCAN MATERIAL COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR 2008.	Management	For	For
3	PROPOSAL TO ADOPT THE LEGACY VULCAN CORP. RESTATED CERTIFICATE OF INCORPORATION.	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: WASHINGTON GROUP INTERNATIONAL, INC. MEETING DATE: 11/15/2007
TICKER: WNG     SECURITY ID: 938862208
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	ADOPTION OF THE AGREEMENT AND PLAN OF MERGER, DATED AS OF MAY 27, 2007, BY AND AMONG URS CORPORATION, ELK MERGER CORPORATION, A WHOLLY OWNED SUBSIDIARY OF URS, BEAR MERGER SUB, INC., A WHOLLY OWNED SUBSIDIARY OF URS, AND WASHINGTON GROUP INTERNATIONAL, INC., PURSUANT TO WHICH ELK MERGER CORPORATION WILL MERGE, ALL AS MORE FULLY DESCRIBED IN THE PROXY STATEMENT.	Management	For	Against
2	ADJOURNMENT OR POSTPONEMENT OF THE WASHINGTON GROUP INTERNATIONAL SPECIAL MEETING, IF NECESSARY, TO PERMIT FURTHER SOLICITATION OF PROXIES IF THERE ARE NOT SUFFICIENT VOTES AT THE TIME OF THE WASHINGTON GROUP INTERNATIONAL SPECIAL MEETING IN FAVOR OF THE FOREGOING.	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.

POWER OF ATTORNEY

I, the undersigned Treasurer of the following investment companies:

Fidelity Advisor Series I Fidelity Advisor Series VII Fidelity Advisor Series VIII Fidelity Beacon Street Trust Fidelity Capital Trust Fidelity Central Investment Portfolios LLC Fidelity Commonwealth Trust Fidelity Concord Street Trust Fidelity Congress Street Fund Fidelity Contrafund Fidelity Covington Trust Fidelity Destiny Portfolios Fidelity Devonshire Trust Fidelity Exchange Fund Fidelity Financial Trust Fidelity Hanover Street Trust Fidelity Hastings Street Trust Fidelity Investment Trust Fidelity Magellan Fund Fidelity Mt. Vernon Street Trust Fidelity Puritan Trust Fidelity Securities Fund Fidelity Select Portfolios Fidelity Summer Street Trust Fidelity Trend Fund Variable Insurance Products Fund Variable Insurance Products Fund II Variable Insurance Products Fund III Variable Insurance Products Fund IV

in addition to 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 Claire Walpole my true and lawful attorney-in-fact, with full power of substitution, and with full power to sign for me and in my name in the appropriate capacity, 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 attorney-in-fact deems 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 attorney-in-fact or her substitute may do or cause to be done by virtue hereof. This power of attorney is effective for all documents filed on or after June 11, 2008.

WITNESS my hand on this 11th day of June 2008.

/s/ Kenneth B. Robins

Kenneth B. Robins

Treasurer