<ARTICLE>	6

<CIK>	0000320351

<NAME>	Fidelity Select Portfolios



	<NUMBER>	43

	<NAME>	Select-Business Services and Outsourcing

<MULTIPLIER>	1,000







<PERIOD-TYPE>
6-MOS
<FISCAL-YEAR-END>
FEB-28-2001
<PERIOD-END>
AUG-31-2000
<INVESTMENTS-AT-COST>
34,886
<INVESTMENTS-AT-VALUE>
40,945
<RECEIVABLES>
312
<ASSETS-OTHER>
0
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
41,257
<PAYABLE-FOR-SECURITIES>
216
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
616
<TOTAL-LIABILITIES>
832
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
31,751
<SHARES-COMMON-STOCK>
2,926
<SHARES-COMMON-PRIOR>
3,733
<ACCUMULATED-NII-CURRENT>
(154)
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
2,769
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
6,059
<NET-ASSETS>
40,425
<DIVIDEND-INCOME>
84
<INTEREST-INCOME>
106
<OTHER-INCOME>
4
<EXPENSES-NET>
348
<NET-INVESTMENT-INCOME>
(154)
<REALIZED-GAINS-CURRENT>
3,121
<APPREC-INCREASE-CURRENT>
(777)
<NET-CHANGE-FROM-OPS>
2,190
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
0
<DISTRIBUTIONS-OF-GAINS>
2,757
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
793
<NUMBER-OF-SHARES-REDEEMED>
1,815
<SHARES-REINVESTED>
215
<NET-CHANGE-IN-ASSETS>
(11,854)
<ACCUMULATED-NII-PRIOR>
0
<ACCUMULATED-GAINS-PRIOR>
4,178
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
131
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
356
<AVERAGE-NET-ASSETS>
45,552
<PER-SHARE-NAV-BEGIN>
14.000
<PER-SHARE-NII>
(.050)
<PER-SHARE-GAIN-APPREC>
 .680
<PER-SHARE-DIVIDEND>
0
<PER-SHARE-DISTRIBUTIONS>
 .820
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
13.820
<EXPENSE-RATIO>
153